Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

ASSETS 1

Current Year 2

Assets

Nonadmitted Assets

3 Net Admitted Assets (Cols. 1 - 2)

Prior Year 4 Net Admitted Assets

1.

Bonds.................................................................................................................... ......................35,325,421 ......................................... ......................35,325,421 ........................6,450,278

2.

Stocks:

3.

4.

2.1

Preferred stocks (Schedule D, Part 2, Section 1)....................................... ......................................... ......................................... ......................................0 .........................................

2.2

Common stocks (Schedule D, Part 2, Section 2)........................................ .............................25,000 ......................................... .............................25,000 .............................25,000

Mortgage loans on real estate (Schedule B, Part 1): 3.1

First liens..................................................................................................... ......................................... ......................................... ......................................0 .........................................

3.2

Other than first liens.................................................................................... ......................................... ......................................... ......................................0 .........................................

Real estate (Schedule A): 4.1

Properties occupied by the company (less $..........0 encumbrances)............................................................................ ......................................... ......................................... ......................................0 .........................................

4.2

Properties held for the production of income (less $..........0 encumbrances)............................................................................ ......................................... ......................................... ......................................0 .........................................

4.3

Properties held for sale (less $..........0 encumbrances).............................. ......................................... ......................................... ......................................0 .........................................

5.

Policy loans........................................................................................................... ......................................... ......................................... ......................................0 .........................................

6.

Premium notes, including $..........0 for first year premiums.................................. ......................................... ......................................... ......................................0 .........................................

7.

Cash ($.....2,335,738, Schedule E, Part 1) and short-term investments ($..........0, Schedule DA, Part 2)........................................................................... ........................2,335,738 ......................................... ........................2,335,738 ......................29,937,122

8.

Other invested assets (Schedule BA, Part 1)........................................................ ......................................... ......................................... ......................................0 .........................................

9.

Receivable for securities....................................................................................... ......................................... ......................................... ......................................0 .........................................

10.

Aggregate write-ins for invested assets................................................................ ......................................0 ......................................0 ......................................0 ......................................0

11. Subtotals, cash and invested assets (Lines 1 to 10)............................................. ......................37,686,159 ......................................0 ......................37,686,159 ......................36,412,400 12. Reinsurance ceded: 12.1 Amounts recoverable from reinsurers (Schedule S, Part 2)........................ ......................................... ......................................... ......................................0 ......................................... 12.2 Commissions and expense allowances due............................................... ......................................... ......................................... ......................................0 ......................................... 12.3 Experience rating and other refunds due.................................................... ......................................... ......................................... ......................................0 ......................................... 12.4 Other amounts receivable under reinsurance contracts............................. ...............................2,809 ......................................... ...............................2,809 ......................................... 13. Electronic data processing equipment and software............................................. ......................................... ......................................... ......................................0 ......................................... 14. Federal and foreign income tax recoverable and interest thereon (including $..........0 net deferred tax asset)........................................................... ........................8,903,453 ........................8,903,453 ......................................0 ...........................451,474 15.

Guaranty funds receivable or on deposit.............................................................. ...........................145,555 ......................................... ...........................145,555 ...........................157,576

16. Life insurance premiums and annuity considerations deferred and uncollected on in force business (less premiums on reinsurance ceded and less $..........0 loading)......................................................................... ......................................... ......................................... ......................................0 ......................................... 17. Accident and health premiums due and unpaid.................................................... ......................................... ......................................... ......................................0 ......................................... 18.

Investment income due and accrued.................................................................... ...........................353,479 ......................................... ...........................353,479 ...........................155,918

19. Net adjustment in assets and liabilities due to foreign exchange rates................. ......................................... ......................................... ......................................0 ......................................... 20. Receivable from parent, subsidiaries and affiliates............................................... ......................................... ......................................... ......................................0 ......................................... 21.

Amounts receivable relating to uninsured accident and health plans................... ......................................... ......................................... ......................................0 .........................................

22. Amounts due from agents..................................................................................... ......................................... ......................................... ......................................0 ......................................... 23. Other assets nonadmitted (Exhibit 9).................................................................... ......................................... ......................................... ......................................0 ......................................... 24. Aggregate write-ins for other than invested assets............................................... .............................59,085 ......................................0 .............................59,085 .............................47,433 25. Total assets excluding Separate Accounts business (Lines 11 to 24).................. ......................47,150,541 ........................8,903,453 ......................38,247,088 ......................37,224,801 26. From Separate Accounts Statement..................................................................... ......................40,183,558 ......................................... ......................40,183,558 ......................56,739,450 27.

Total (Lines 25 and 26)......................................................................................... ......................87,334,099 ........................8,903,453 ......................78,430,646 ......................93,964,251 DETAILS OF WRITE-INS

1001. .............................................................................................................................. ......................................... ......................................... ......................................0 ......................................... 1002. .............................................................................................................................. ......................................... ......................................... ......................................0 ......................................... 1003. .............................................................................................................................. ......................................... ......................................... ......................................0 ......................................... 1098. Summary of remaining write-ins for Line 10 from overflow page.......................... ......................................0 ......................................0 ......................................0 ......................................0 1099. Totals (Lines 1001 thru 1003 plus 1098) (Line 10 above)..................................... ......................................0 ......................................0 ......................................0 ......................................0 2401. Disbursements and items not allocated................................................................ .............................59,085 ......................................... .............................59,085 .............................47,433 2402. .............................................................................................................................. ......................................... ......................................... ......................................0 ......................................... 2403. .............................................................................................................................. ......................................... ......................................... ......................................0 ......................................... 2498. Summary of remaining write-ins for Line 24 from overflow page.......................... ......................................0 ......................................0 ......................................0 ......................................0 2499. Totals (Lines 2401 thru 2403 plus 2498) (Line 24 above)..................................... .............................59,085 ......................................0 .............................59,085 .............................47,433

2

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

LIABILITIES, SURPLUS AND OTHER FUNDS 1.

37. 38. 39.

Aggregate reserve for life contracts $.....2,377,203 (Exhibit 5, Line 9999999) less $..........0 included in Line 6.3 (including $..........0 Modco Reserve)............................................................................................................................ Aggregate reserve for accident and health contracts (Exhibit 6, Line 17, Col. 1) (including $.........0 Modco Reserve)............................... Liability for deposit-type contracts (Exhibit 7, Line 14, Col. 1) (including $..........0 Modco Reserve)........................................................... Contract claims: 4.1 Life (Exhibit 8, Part 1, Line 4.4, Col. 1 less sum of Cols. 9, 10 and 11).............................................................................................. 4.2 Accident and health (Exhibit 8, Part 1, Line 4.4, sum of Cols. 9, 10 and 11)...................................................................................... Policyholders' dividends $..........0 and coupons $..........0 due and unpaid (Exhibit 4, Line 10)................................................................... Provision for policyholders' dividends and coupons payable in following calendar year--estimated amounts: 6.1 Dividends apportioned for payment to (including $..........0 Modco Reserve).................................................................................... 6.2 Dividends not yet apportioned (including $..........0 Modco Reserve).................................................................................................. 6.3 Coupons and similar benefits (including $..........0 Modco Reserve)................................................................................................... Amount provisionally held for deferred dividend policies not included in Line 6........................................................................................... Premiums and annuity considerations for life and accident and health contracts received in advance less $..........0 discount; including $..........0 accident and health premiums (Exhibit 1, Part 1, Col. 1, sum of Lines 4 and 14)............................ Contract liabilities not included elsewhere: 9.1 Surrender values on canceled contracts............................................................................................................................................. 9.2 Provision for experience rating refunds, including $..........0 accident and health experience rating refunds...................................... 9.3 Other amounts payable on reinsurance including $..........0 assumed and $..........0 ceded............................................................... 9.4 Interest Maintenance Reserve (Page 33, Line 6)................................................................................................................................ Commissions to agents due or accrued-life and annuity contracts $..........0, accident and health $..........0 and deposit-type contract funds $..........0..................................................................................................................................................... Commissions and expense allowances payable on reinsurance assumed.................................................................................................. General expenses due or accrued (Exhibit 2, Line 12, Col. 5)..................................................................................................................... Transfers to Separate Accounts due or accrued (net) (including $.....(27,296) accrued for expense allowances recognized in reserves).............................................................................................................................................................. Taxes, licenses and fees due or accrued, excluding federal income taxes (Exhibit 3, Line 9, Col. 5)......................................................... Federal and foreign income taxes, including $..........0 on realized capital gains (losses) (including $..........0 net deferred tax liability)............................................................................................................................................................................... Unearned investment income....................................................................................................................................................................... Amounts withheld or retained by company as agent or trustee.................................................................................................................... Amounts held for agents' account, including $..........0 agents' credit balances............................................................................................ Remittances and items not allocated............................................................................................................................................................ Net adjustment in assets and liabilities due to foreign exchange rates........................................................................................................ Liability for benefits for employees and agents if not included above........................................................................................................... Borrowed money $..........0 and interest thereon $..........0............................................................................................................................ Dividends to stockholders declared and unpaid........................................................................................................................................... Miscellaneous liabilities: 24.1 Asset valuation reserve (Page 34, Line 16, Col. 7)............................................................................................................................. 24.2 Reinsurance in unauthorized companies............................................................................................................................................ 24.3 Funds held under reinsurance treaties with unauthorized reinsurers................................................................................................. 24.4 Payable to parent, subsidiaries and affiliates...................................................................................................................................... 24.5 Drafts outstanding............................................................................................................................................................................... 24.6 Liability for amounts held under uninsured accident and health plans................................................................................................ 24.7 Funds held under coinsurance............................................................................................................................................................ 24.8 Payable for securities.......................................................................................................................................................................... 24.9 Capital notes $..........0 and interest thereon $..........0........................................................................................................................ Aggregate write-ins for liabilities................................................................................................................................................................... Total liabilities excluding Separate Accounts business (Lines 1 to 25)........................................................................................................ From Separate Accounts Statement............................................................................................................................................................. Total liabilities (Lines 26 and 27).................................................................................................................................................................. Common capital stock.................................................................................................................................................................................. Preferred capital stock.................................................................................................................................................................................. Aggregate write-ins for other than special surplus funds.............................................................................................................................. Surplus notes................................................................................................................................................................................................ Gross paid in and contributed surplus (Page 3, Line 33, Col. 2 plus Page 4, Line 51.1, Col. 1).................................................................. Aggregate write-ins for special surplus funds............................................................................................................................................... Unassigned funds (surplus).......................................................................................................................................................................... Less treasury stock, at cost: 36.1 .....0.000 shares common (value included in Line 29 $..........0).......................................................................................................... 36.2 .....0.000 shares preferred (value included in Line 30 $..........0)......................................................................................................... Surplus (Total Lines 31 + 32 + 33 + 34 + 35 - 36) (including $..........0 in Separate Accounts Statement)................................................... Totals of Lines 29, 30 and 37 (Page 4, Line 55)........................................................................................................................................... Totals of Lines 28 and 38 (Page 2, Line 27, Col. 3).....................................................................................................................................

2501. 2502. 2503. 2598. 2599. 3101. 3102. 3103. 3198. 3199. 3401. 3402. 3403. 3498. 3499.

DETAILS OF WRITE-INS Guaranty Fund Reserves.............................................................................................................................................................................. ...................................................................................................................................................................................................................... ...................................................................................................................................................................................................................... Summary of remaining write-ins for Line 25 from overflow page.................................................................................................................. Totals (Lines 2501 thru 2503 plus 2598) (Line 25 above)............................................................................................................................ ...................................................................................................................................................................................................................... ...................................................................................................................................................................................................................... ...................................................................................................................................................................................................................... Summary of remaining write-ins for Line 31 from overflow page.................................................................................................................. Totals (Lines 3101 thru 3103 plus 3198) (Line 31 above)............................................................................................................................ ...................................................................................................................................................................................................................... ...................................................................................................................................................................................................................... ...................................................................................................................................................................................................................... Summary of remaining write-ins for Line 34 from overflow page.................................................................................................................. Totals (Lines 3401 thru 3403 plus 3498) (Line 34 above)............................................................................................................................

2. 3. 4.

5. 6.

7. 8. 9.

10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24.

25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36.

3

1 Current Year

2 Prior Year

.........................2,377,203 .........................1,822,487 ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ...........................................

........................................... ........................................... ........................................... ...........................................

........................................... ........................................... ........................................... ........................................... ........................................... ...........................................

........................................... ........................................... ..............................57,902 ...........................................

........................................... ........................................... ........................................... ........................................... ..............................24,495 ............................104,973 .............................(27,432) .............................(57,092) .......................................8 ................................3,451 ........................................... ........................................... ........................................... ........................................... ..............................14,928 ........................................... ........................................... ........................................... ...........................................

........................................... ........................................... ........................................... ........................................... ................................7,456 ........................................... ........................................... ........................................... ...........................................

................................6,250 ........................................... ........................................... ..............................29,813 ........................................... ........................................... ........................................... ........................................... ........................................... ..............................96,665 .........................2,521,929 .......................40,183,558 .......................42,705,487 .........................2,500,000 ........................................... .......................................0 ........................................... .......................57,500,000 .......................................0 ......................(24,274,841)

..............................97,006 ........................................... ........................................... ..............................24,975 ........................................... ........................................... ........................................... ........................................... ........................................... ..............................96,665 .........................2,157,824 .......................56,739,450 .......................58,897,274 .........................2,500,000 ........................................... .......................................0 ........................................... .......................57,500,000 .......................................0 ......................(24,933,023)

........................................... ........................................... .......................33,225,159 .......................35,725,159 .......................78,430,646

........................................... ........................................... .......................32,566,977 .......................35,066,977 .......................93,964,251

..............................96,665 ........................................... ........................................... .......................................0 ..............................96,665 ........................................... ........................................... ........................................... .......................................0 .......................................0 ........................................... ........................................... ........................................... .......................................0 .......................................0

..............................96,665 ........................................... ........................................... .......................................0 ..............................96,665 ........................................... ........................................... ........................................... .......................................0 .......................................0 ........................................... ........................................... ........................................... .......................................0 .......................................0

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

SUMMARY OF OPERATIONS

(Excluding Unrealized Capital Gains and Losses) 1. 2. 3. 4. 5. 6. 7. 8.

9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35.

Premiums and annuity considerations for life and accident and health contracts (Exhibit 1, Part 1, Line 20.4, Col. 1, less Col. 11)........... Considerations for supplementary contracts with life contingencies............................................................................................................. Net investment income (Exhibit of Net Investment Income, Line 17)............................................................................................................ Amortization of Interest Maintenance Reserve (IMR) (Page 33, Line 5)....................................................................................................... Separate Accounts net gain from operations excluding unrealized gains or losses..................................................................................... Commissions and expense allowances on reinsurance ceded (Exhibit 1, Part 2, Line 26.1, Col. 1)............................................................ Reserve adjustments on reinsurance ceded................................................................................................................................................. Miscellaneous Income: 8.1 Income from fees associated with investment management, administration and contract guarantees from Separate Accounts....... 8.2 Charges and fees for deposit-type contracts....................................................................................................................................... 8.3 Aggregate write-ins for miscellaneous income.................................................................................................................................... Totals (Lines 1 to 8.3)................................................................................................................................................................................... Death benefits............................................................................................................................................................................................... Matured endowments (excluding guaranteed annual pure endowments).................................................................................................... Annuity benefits (Exhibit 8, Part 2, Line 6.4, Cols. 4 + 8).............................................................................................................................. Disability benefits and benefits under accident and health contracts............................................................................................................ Coupons, guaranteed annual pure endowments and similar benefits.......................................................................................................... Surrender benefits and withdrawals for life contracts................................................................................................................................... Group conversions........................................................................................................................................................................................ Interest and adjustments on contract or deposit-type contract funds............................................................................................................ Payments on supplementary contracts with life contingencies..................................................................................................................... Increase in aggregate reserves for life and accident and health contracts................................................................................................... Totals (Lines 10 to 19).................................................................................................................................................................................. Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only) (Exhibit 1, Part 2, Line 31, Col. 1)................................................................................................................................................................. Commissions and expense allowances on reinsurance assumed (Exhibit 1, Part 2, Line 26.2, Col. 1)....................................................... General insurance expenses (Exhibit 2, Line 10, Cols. 1 + 2 + 3)................................................................................................................ Insurance taxes, licenses and fees, excluding federal income taxes (Exhibit 3, Line 7, Cols. 1 + 2 + 3)..................................................... Increase in loading on deferred and uncollected premiums.......................................................................................................................... Net transfers to or (from) Separate Accounts............................................................................................................................................... Aggregate write-ins for deductions................................................................................................................................................................ Totals (Lines 20 to 27).................................................................................................................................................................................. Net gain from operations before dividends to policyholders and federal income taxes (Line 9 minus Line 28)............................................ Dividends to policyholders............................................................................................................................................................................ Net gain from operations after dividends to policyholders and before federal income taxes (Line 29 minus Line 30)................................. Federal and foreign income taxes incurred (excluding tax on capital gains)................................................................................................ Net gain from operations after dividends to policyholders and federal income taxes and before realized capital gains or (losses) (Line 31 minus Line 32).......................................................................................................................................... Net realized capital gains or (losses) less capital gains tax of $..........0 (excluding taxes of $..........0 transferred to the IMR).................... Net income (Line 33 plus Line 34)................................................................................................................................................................

1 Current Year .............................189,823 ........................................... ..........................1,095,902 ..............................(23,923) ........................................... ........................................... .........................(7,268,000)

2 Prior Year .....................(142,181,012) ........................................... ..........................1,705,866 ..............................(22,900) ........................................... ........................................... .........................(8,574,950)

.............................583,008 ........................................... ........................................0 .........................(5,423,189) ........................................... ........................................... ...............................71,954 ........................................... ........................................... .............................641,107 ........................................... ..............................(79,197) ........................................... .............................554,715 ..........................1,188,579

.............................605,550 ........................................... ...............................68,045 .....................(148,399,401) ........................................... ........................................... ...............................66,001 ........................................... ........................................... .............................650,517 ........................................... .........................(4,763,341) ........................................... .......................(21,150,256) .......................(25,197,079)

........................................... ........................................... ...............................70,117 ...............................37,980 ........................................... .........................(7,717,849) .................................3,007 .........................(6,418,166) .............................994,977 ........................................... .............................994,977 ...........................................

........................................... ........................................... .............................298,939 ...............................35,619 ........................................... .....................(121,024,071) ........................................0 .....................(145,886,592) .........................(2,512,809) ........................................... .........................(2,512,809) ...........................................

.............................994,977 .........................(2,512,809) ........................................... ..............................(41,152) .............................994,977 .........................(2,553,961)

CAPITAL AND SURPLUS ACCOUNT 36. 37. 38. 39. 40. 41. 42. 43. 44.

Capital and surplus, December 31, prior year (Page 3, Line 38, Col. 2)....................................................................................................... Net income (Line 35)..................................................................................................................................................................................... Change in net unrealized capital gains or (losses)....................................................................................................................................... Change in net unrealized foreign exchange capital gain (loss)..................................................................................................................... Change in net deferred income tax............................................................................................................................................................... Change in nonadmitted assets and related items (Exhibit 9, Line 6, Col.3).................................................................................................. Change in liability for reinsurance in unauthorized companies..................................................................................................................... Change in reserve on account of change in valuation basis, (increase) or decrease (Exhibit 5A, Line 9999999, Col. 4)............................ Change in asset valuation reserve (Page 34, Lines 2 through 5 minus Line 6 plus Lin 11 plus Line 11 plus Line 14 plus Line 15, Column 7)............................................................................................................................................................ 45. Change in treasury stock, (Page 3, Lines 36.1 and 36.2 Col. 2 minus Col. 1).............................................................................................. 46. Surplus (contributed to) withdrawn from Separate Accounts during period.................................................................................................. 47. Other changes in surplus in Separate Accounts Statement.......................................................................................................................... 48. Change in surplus notes............................................................................................................................................................................... 49. Cumulative effect of changes in accounting principles................................................................................................................................. 50. Capital changes: 50.1 Paid in.................................................................................................................................................................................................. 50.2 Transferred from surplus (Stock Dividend).......................................................................................................................................... 50.3 Transferred to surplus......................................................................................................................................................................... 51. Surplus adjustment: 51.1 Paid in.................................................................................................................................................................................................. 51.2 Transferred to capital (Stock Dividend)............................................................................................................................................... 51.3 Transferred from capital...................................................................................................................................................................... 51.4 Change in surplus as a result of reinsurance...................................................................................................................................... 52. Dividends to stockholders............................................................................................................................................................................. 53. Aggregate write-ins for gains and losses in surplus...................................................................................................................................... 54. Net change in capital and surplus for the year (Lines 37 through 53)........................................................................................................... 55. Capital and surplus, December 31, current year (Lines 36 + 54) (Page 3, Line 38)..................................................................................... DETAILS OF WRITE-INS 08.301. Miscellaneous Income......................................................................................................................................................................... 08.302. ............................................................................................................................................................................................................. 08.303. ............................................................................................................................................................................................................. 08.398. Summary of remaining write-ins for Line 8.3 from overflow page....................................................................................................... 08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)......................................................................................................... 2701. Miscellaneous Expense....................................................................................................................................................................... 2702. ............................................................................................................................................................................................................. 2703. ............................................................................................................................................................................................................. 2798. Summary of remaining write-ins for Line 27 from overflow page........................................................................................................ 2799. Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)................................................................................................................... 5301. ............................................................................................................................................................................................................. 5302. ............................................................................................................................................................................................................. 5303. ............................................................................................................................................................................................................. 5398. Summary of remaining write-ins for Line 53 from overflow page........................................................................................................ 5399. Totals (Lines 5301 thru 5303 plus 5398) (Line 53 above)...................................................................................................................

4

........................35,066,977 .............................994,977 ........................................... ........................................... ............................(520,035) ...............................92,484 ........................................... ...........................................

........................36,557,802 .........................(2,553,961) ........................................... ........................................... .............................877,653 ............................(938,770) ........................................... ...........................................

...............................90,756 ........................................... ........................................... ........................................... ........................................... ...........................................

.............................672,779 ........................................... ........................................... ........................................... ........................................... .............................451,474

........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................... ........................................0 .............................658,182 ........................35,725,159

........................................... ........................................... ........................................... ........................................... ........................................... ........................................0 .........................(1,490,825) ........................35,066,977

........................................... ........................................... ........................................... ........................................0 ........................................0 .................................3,007 ........................................... ........................................... ........................................0 .................................3,007 ........................................... ........................................... ........................................... ........................................0 ........................................0

...............................68,045 ........................................... ........................................... ........................................0 ...............................68,045 ........................................... ........................................... ........................................... ........................................0 ........................................0 ........................................... ........................................... ........................................... ........................................0 ........................................0

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

CASH FLOW

1 Current Year

2 Prior Year

...........................189,823 ......................................... ......................................... ........................1,047,391 .......................(7,268,000) ...........................583,008 .............................12,021 .......................(5,435,756) ......................................... ......................................... .............................71,954 ......................................... .............................57,902 ...........................641,107 ......................................... ............................(79,197) ......................................... ...........................691,766 ......................................... ......................................... ...........................151,216 .............................41,431 .......................(7,747,509) ...............................3,007 .......................(6,860,090) ......................................... ......................................... .......................(6,860,090) ........................1,424,333

...................(142,181,012) ......................................... ......................................... ........................1,835,648 .......................(8,574,950) ...........................605,550 .............................64,449 ...................(148,250,315) ......................................... ......................................... .............................66,001 ......................................... ............................(57,902) ..........................(235,657) ......................................... ......................................... ......................................... ..........................(227,558) ......................................... ......................................... ...........................639,309 ...........................121,622 ...................(122,350,597) ......................................0 ...................(121,817,224) ......................................... ......................................... ...................(121,817,224) .....................(26,433,091)

........................3,988,000 ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ........................3,988,000 ......................................... ........................3,988,000

........................9,116,934 ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ........................9,116,934 ......................................... ........................9,116,934

......................33,011,567 ......................................... ......................................... ......................................... ......................................... ......................................... ......................33,011,567 ......................................... .....................(29,023,567)

......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................0 ......................................... ........................9,116,934

......................................... ......................................... ......................................... ...........................908,107 ...........................864,759 ........................1,772,866

......................................... ......................................... ......................................... ......................................... ...............................9,475 ...............................9,475

......................................... ......................................... ...........................852,450 ...........................922,566 ........................1,775,016 ..............................(2,150)

......................................... ......................................... ...........................886,174 ........................1,199,670 ........................2,085,844 .......................(2,076,369)

Cash from Operations 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29.

Premiums and annuity considerations for life and accident and health contracts................................................................................... Charges and fees for deposit-type contracts........................................................................................................................................... Considerations for supplementary contracts with life contingencies....................................................................................................... Net investment income............................................................................................................................................................................ Commissions and expense allowances on reinsurance ceded............................................................................................................... Fees associated with investment management, administration and contract guarantees from Separate Accounts............................... Aggregate write-ins for miscellaneous income........................................................................................................................................ Total (Lines 1 to 7)................................................................................................................................................................................... Death benefits......................................................................................................................................................................................... Matured endowments.............................................................................................................................................................................. Annuity benefits....................................................................................................................................................................................... Disability benefits and benefits under accident and health contracts...................................................................................................... Coupons, guaranteed annual pure endowments and similar benefits..................................................................................................... Surrender benefits and withdrawals for life contracts.............................................................................................................................. Group conversions.................................................................................................................................................................................. Interest and adjustments on contract or deposit-type contract funds...................................................................................................... Payments on supplementary contracts with life contingencies............................................................................................................... Total (Lines 9 to 17)................................................................................................................................................................................. Commissions on premiums, annuity considerations and deposit-type contract funds............................................................................ Commissions and expense allowances on reinsurance assumed.......................................................................................................... General insurance expenses................................................................................................................................................................... Insurance taxes, licenses and fees, excluding federal income taxes...................................................................................................... Net transfers to or (from) Separate Accounts.......................................................................................................................................... Aggregate write-ins for deductions.......................................................................................................................................................... Total (Lines 18 to 24)............................................................................................................................................................................... Dividends paid to policyholders............................................................................................................................................................... Federal income taxes (excluding tax on capital gains)............................................................................................................................ Total (Lines 25 to 27)............................................................................................................................................................................... Net cash from operations (Line 8 minus Line 28)....................................................................................................................................

Cash from Investments 30. Proceeds from investments sold, matured or repaid: 30.1 Bonds............................................................................................................................................................................................ 30.2 Stocks............................................................................................................................................................................................ 30.3 Mortgage loans.............................................................................................................................................................................. 30.4 Real estate.................................................................................................................................................................................... 30.5 Other invested assets.................................................................................................................................................................... 30.6 Net gains (losses) on cash and short-term investments................................................................................................................ 30.7 Miscellaneous proceeds................................................................................................................................................................ 30.8 Total investment proceeds (Lines 30.1 to 30.7)............................................................................................................................ 31. Net tax on capital gains (losses).............................................................................................................................................................. 32. Total (Line 30.8 minus Line 31)............................................................................................................................................................... 33. Cost of investments acquired (long-term only): 33.1 Bonds............................................................................................................................................................................................ 33.2 Stocks............................................................................................................................................................................................ 33.3 Mortgage loans.............................................................................................................................................................................. 33.4 Real estate.................................................................................................................................................................................... 33.5 Other invested assets.................................................................................................................................................................... 33.6 Miscellaneous applications............................................................................................................................................................ 33.7 Total investments acquired (lines 33.1 to 33.6)............................................................................................................................. 34. Net increase (or decrease) in policy loans and premium notes............................................................................................................... 35. Net cash from investments (Line 32 minus Line 33.7 minus Line 34).....................................................................................................

Cash from Financing and Miscellaneous Sources 36. Cash provided: 36.1 Surplus notes, capital and surplus paid in..................................................................................................................................... 36.2 Borrowed money $..........0 less amounts repaid $..........0............................................................................................................ 36.3 Capital notes $..........0 less amounts repaid $..........0.................................................................................................................. 36.4 Deposits on deposit-type contract funds and other liabilities without life or disability contingencies............................................. 36.5 Other cash provided...................................................................................................................................................................... 36.6 Total (Lines 36.1 to 36.5)............................................................................................................................................................... 37. Cash applied: 37.1 Dividends to stockholders paid...................................................................................................................................................... 37.2 Interest on indebtedness............................................................................................................................................................... 37.3 Withdrawals on deposit-type contract funds and other liabilities without life or disability contingencies....................................... 37.4 Other applications (net)................................................................................................................................................................. 37.5 Total (Lines 37.1 to 37.4)............................................................................................................................................................... 38. Net cash from financing and miscellaneous sources (Line 36.6 minus Line 37.5)..................................................................................

RECONCILIATION OF CASH AND SHORT-TERM INVESTMENTS 39. Net change in cash and short-term investments (Line 29, plus Line 35, plus Line 38)........................................................................... 40. Cash and short-term investments: 40.1 Beginning of year........................................................................................................................................................................... 40.2 End of year (Line 39 plus Line 40.1).............................................................................................................................................. DETAILS OF WRITE-INS 0701. Miscellaneous Income............................................................................................................................................................................. 0702. Surrender Charges.................................................................................................................................................................................. 0703. ................................................................................................................................................................................................................. 0798. Summary of remaining write-ins for Line 7 from overflow page.............................................................................................................. 0799. Total (Lines 0701 thru 0703 plus 0798) (Line 7 above)........................................................................................................................... 2401. Miscellaneous Expenses......................................................................................................................................................................... 2402. ................................................................................................................................................................................................................. 2403. ................................................................................................................................................................................................................. 2498. Summary of remaining write-ins for Line 24 from overflow page............................................................................................................ 2499. Total (Lines 2401 thru 2403 plus 2498) (Line 24 above).........................................................................................................................

5

.....................(27,601,384) .....................(19,392,526) ......................29,937,122 ......................49,329,648 ........................2,335,739 ......................29,937,122 ......................................... .............................12,021 ......................................... ......................................0 .............................12,021 ...............................3,007 ......................................... ......................................... ......................................0 ...............................3,007

.............................68,045 ..............................(3,596) ......................................... ......................................0 .............................64,449 ......................................... ......................................... ......................................... ......................................0 ......................................0

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

ANALYSIS OF OPERATION BY LINES OF BUSINESS (Gain and Loss Exhibit) (Excluding Capital Gains and Losses) 1. 2. 3. 4. 5. 6. 7. 8.

6

9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33.

Premiums and annuity considerations for life and accident and health contracts.................................................................... Considerations for supplementary contracts with life contingencies........................................................................................ Net investment income............................................................................................................................................................. Amortization of Interest Maintenance Reserve (IMR).............................................................................................................. Separate Accounts net gains from operations excluding unrealized gains or losses............................................................... Commissions and expense allowances on reinsurance ceded................................................................................................ Reserve adjustments on reinsurance ceded............................................................................................................................ Miscellaneous Income: 8.1 Fees associated with income from investment management, administration and contract guarantees from S/A........... 8.2 Charges and fees for deposit-type contracts.................................................................................................................... 8.3 Aggregate write-ins for miscellaneous income................................................................................................................. Totals (Lines 1 to 8.3)............................................................................................................................................................... Death benefits.......................................................................................................................................................................... Matured endowments (excluding guaranteed annual pure endowments)................................................................................ Annuity benefits........................................................................................................................................................................ Disability benefits and benefits under accident and health contracts....................................................................................... Coupons, guaranteed annual pure endowments and similar benefits...................................................................................... Surrender benefits and withdrawals for life contracts............................................................................................................... Group conversions................................................................................................................................................................... Interest and adjustments on contract or deposit-type contract funds....................................................................................... Payments on supplementary contracts with life contingencies................................................................................................ Increase in aggregate reserves for life and accident and health contracts.............................................................................. Totals (Lines 10 to 19).............................................................................................................................................................. Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only).......................... Commissions and expense allowances on reinsurance assumed........................................................................................... General insurance expenses.................................................................................................................................................... Insurance taxes, licenses and fees, excluding federal income taxes...................................................................................... Increase in loading on deferred and uncollected premiums..................................................................................................... Net transfers to or (from) Separate Accounts........................................................................................................................... Aggregate write-ins for deductions........................................................................................................................................... Totals (Lines 20 to 27).............................................................................................................................................................. Net gain from operations before dividends to policyholders and federal income taxes (Line 9 minus Line 28)....................... Dividends to policyholders........................................................................................................................................................ Net gain from operations after dividends to policyholders and before federal income taxes (Line 29 minus Line 30)............. Federal income taxes incurred (excluding tax on capital gains)............................................................................................... Net gain from operations after dividends to policyholders and federal income taxes and before realized capital gains or (losses) (Line 31 minus Line 32).....................................................................................................................

1

2

Industrial Life

3 Life Insurance

Ordinary 4 Individual Annuities

5 Supplementary Contracts

6 Credit Life (Group and Individual)

Total

Group

Accident and Health 10 Credit (Group and Individual)

Other

12 Aggregate of All Other Lines of Business

.............189,823 ........................0 ..........1,095,902 ..............(23,923) ........................0 ........................0 .........(7,268,001)

......................... ......................... ......................... ......................... ......................... ......................... .........................

......................... ......................... ......................... ......................... ......................... ......................... .........................

......................... ......................... ......................... ......................... ......................... ......................... ............(94,213)

......................... ......................... ......................... ......................... ......................... ......................... .........................

......................... ......................... ......................... ......................... ......................... ......................... .........................

......................... ......................... ......................... ......................... ......................... ......................... .........................

...........189,823 ......................... ........1,095,902 ............(23,923) ......................... ......................... .......(7,173,788)

......................... ......................... ......................... ......................... ......................... ......................... .........................

......................... ......................... ......................... ......................... ......................... ......................... .........................

......................... ......................... ......................... ......................... ......................... ......................... .........................

......................... ......................... ......................... ......................... ......................... ......................... .........................

.............583,008 ........................0 ........................0 .........(5,423,191) ........................0 ........................0 ...............71,954 ........................0 ........................0 .............641,107 ........................0 ..............(79,197) ........................0 .............554,715 ..........1,188,579 ........................0 ........................0 ...............70,117 ...............37,980 ........................0 .........(7,717,848) .................3,007 .........(6,418,165) .............994,974 ........................0 .............994,974 ........................0

......................... ......................... ......................0 ......................0 ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................0 ......................... ......................... ......................... ......................... ......................... ......................... ......................0 ......................0 ......................0 ......................... ......................0 .........................

......................... ......................... ......................0 ......................0 ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................0 ......................... ......................... ......................... ......................... ......................... ......................... ......................0 ......................0 ......................0 ......................... ......................0 .........................

.............64,621 ......................... ......................0 ............(29,592) ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................0 ......................... ......................... ......................... ......................... ......................... ............(86,331) ......................0 ............(86,331) .............56,739 ......................... .............56,739 .........................

......................... ......................... ......................0 ......................0 ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................0 ......................... ......................... ......................... ......................... ......................... ......................... ......................0 ......................0 ......................0 ......................... ......................0 .........................

......................... ......................... ......................0 ......................0 ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................0 ......................... ......................... ......................... ......................... ......................... ......................... ......................0 ......................0 ......................0 ......................... ......................0 .........................

......................... ......................... ......................0 ......................0 ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................0 ......................... ......................... ......................... ......................... ......................... ......................... ......................0 ......................0 ......................0 ......................... ......................0 .........................

...........518,387 ......................... ......................0 .......(5,393,599) ......................... ......................... .............71,954 ......................... ......................... ...........641,107 ......................... ............(79,197) ......................... ...........554,715 ........1,188,579 ......................... ......................... .............70,117 .............37,980 ......................... .......(7,631,517) ...............3,007 .......(6,331,834) ...........938,235 ......................... ...........938,235 .........................

......................... ......................... ......................0 ......................0 ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................0 ......................... ......................... ......................... ......................... ......................... ......................... ......................0 ......................0 ......................0 ......................... ......................0 .........................

......................... ......................... ......................0 ......................0 ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................0 ......................... ......................... ......................... ......................... ......................... ......................... ......................0 ......................0 ......................0 ......................... ......................0 .........................

......................... ......................... ......................0 ......................0 ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................0 ......................... ......................... ......................... ......................... ......................... ......................... ......................0 ......................0 ......................0 ......................... ......................0 .........................

......................... ......................... ......................0 ......................0 ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................0 ......................... ......................... ......................... ......................... ......................... ......................... ......................0 ......................0 ......................0 ......................... ......................0 .........................

.............994,974 ......................0 ......................0 .............56,739 DETAILS OF WRITE-INS ........................0 ......................... ......................... ......................... ........................0 ......................... ......................... ......................... ........................0 ......................... ......................... ......................... ........................0 ......................0 ......................0 ......................0 ........................0 ......................0 ......................0 ......................0 .................3,007 ......................... ......................... ......................... ........................0 ......................... ......................... ......................... ........................0 ......................... ......................... ......................... ........................0 ......................0 ......................0 ......................0 .................3,007 ......................0 ......................0 ......................0

08.301. ......................................................................................................................................................................................... 08.302. ......................................................................................................................................................................................... 08.303. ......................................................................................................................................................................................... 08.398. Summary of remaining write-ins for Line 8.3 from overflow page.................................................................................... 08.399. Total (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)........................................................................................ 2701. Miscellaneous Deductions................................................................................................................................................ 2702. ......................................................................................................................................................................................... 2703. ......................................................................................................................................................................................... 2798. Summary of remaining write-ins for Line 27 from overflow page..................................................................................... 2799. Total (Lines 2701 thru 2703 plus 2798) (Line 27 above).................................................................................................. (a) Includes the following amounts for FEGLI/SGLI: Line 1..........0 Line 10..........0 Line 16..........0 Line 23..........0 Line 24..........0.

Group 7 8 Life Insurance(a) Annuities

9

11

......................0 ......................0 ......................0 ...........938,235 ......................0 ......................0 ......................0 ......................0 ......................... ......................... ......................... ......................0 ......................0 ......................... ......................... ......................... ......................0 ......................0

......................... ......................... ......................... ......................0 ......................0 ......................... ......................... ......................... ......................0 ......................0

......................... ......................... ......................... ......................0 ......................0 ......................... ......................... ......................... ......................0 ......................0

......................... ......................... ......................... ......................0 ......................0 ...............3,007 ......................... ......................... ......................0 ...............3,007

......................... ......................... ......................... ......................0 ......................0 ......................... ......................... ......................... ......................0 ......................0

......................... ......................... ......................... ......................0 ......................0 ......................... ......................... ......................... ......................0 ......................0

......................... ......................... ......................... ......................0 ......................0 ......................... ......................... ......................... ......................0 ......................0

......................... ......................... ......................... ......................0 ......................0 ......................... ......................... ......................... ......................0 ......................0

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

ANALYSIS OF INCREASE IN RESERVES DURING THE YEAR 1

2

Total

Industrial Life

3

Ordinary 4

Life Insurance

Individual Annuities

5 Supplementary Contracts

6 Credit Life (Group and Individual)

7 Life Insurance

Group

8 Annuities

Involving Life or Disability Contingencies (Reserves) (Net of Reinsurance Ceded)

7

1.

Reserve December 31, prior year.................................................................................................................... .......................1,822,487 ......................................... ......................................... ..............................2,753 ......................................... ......................................... ......................................... .......................1,819,734

2.

Tabular net premiums or considerations.......................................................................................................... ..........................154,038 ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ..........................154,038

3.

Present value of disability claims incurred....................................................................................................... ......................................0 ......................................... ......................................... ......................................... ...............XXX.................. ......................................... ......................................... .........................................

4.

Tabular interest................................................................................................................................................. ..........................181,304 ......................................... ......................................... ..............................5,935 ......................................... ......................................... ......................................... ..........................175,369

5.

Tabular less actual reserve released............................................................................................................... ......................................0 ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... .........................................

6.

Increase in reserve on account of change in valuation basis.......................................................................... ......................................0 ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... .........................................

7.

Other increases (net)........................................................................................................................................ ......................................0 ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... .........................................

8.

Totals (Lines 1 to 7).......................................................................................................................................... .......................2,157,829 ......................................0 ......................................0 ..............................8,688 ......................................0 ......................................0 ......................................0 .......................2,149,141

9.

Tabular cost...................................................................................................................................................... ......................................0 ......................................... ......................................... ......................................... ...............XXX.................. ......................................... ......................................... .........................................

10. Reserves released by death............................................................................................................................. ......................................0 ......................................... ......................................... ...............XXX.................. ...............XXX.................. ......................................... ......................................... ...............XXX.................. 11. Reserves released by other terminations (net)................................................................................................ ..........................185,449 ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ..........................185,449 12. Annuity, supplementary contract, and disability payments involving life contingencies.................................. ............................71,954 ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ............................71,954 13. Net transfers to or (from) Separate Accounts................................................................................................... .........................(476,777) ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... .........................(476,777) 14. Total deductions (Lines 9 to 13)....................................................................................................................... .........................(219,374) ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 .........................(219,374) 15. Reserve December 31, current year................................................................................................................ .......................2,377,203 ......................................0 ......................................0 ..............................8,688 ......................................0 ......................................0 ......................................0 .......................2,368,515

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

EXHIBIT OF NET INVESTMENT INCOME 1 2 Collected Earned During Year During Year 1. U.S. government bonds................................................................................................................................................................... (a)...............................663,482 ...................................861,042 1.1 Bonds exempt from U.S. tax............................................................................................................................................................ (a)............................................. ................................................. 1.2 Other bonds (unaffiliated)................................................................................................................................................................ (a)............................................. ................................................. 1.3 Bonds of affiliates............................................................................................................................................................................ (a)............................................. ................................................. 2.1 Preferred stocks (unaffiliated).......................................................................................................................................................... (b)............................................. ................................................. 2.11 Preferred stocks of affiliates............................................................................................................................................................ (b)............................................. ................................................. 2.2 Common stocks (unaffiliated).......................................................................................................................................................... ................................................. ................................................. 2.21 Common stocks of affiliates............................................................................................................................................................. ................................................. ................................................. 3. Mortgage loans................................................................................................................................................................................ (c)............................................. ................................................. 4. Real estate...................................................................................................................................................................................... (d)............................................. ................................................. 5. Contract loans................................................................................................................................................................................. ................................................. ................................................. 6. Cash/short-term investments........................................................................................................................................................... (e)...............................262,359 ...................................262,359 7. Derivative instruments..................................................................................................................................................................... (f).............................................. ................................................. 8. Other invested assets...................................................................................................................................................................... ................................................. ................................................. 9. Aggregate write-ins for investment income..................................................................................................................................... .........................................(537) .........................................(537) 10. Total gross investment income........................................................................................................................................................ ...................................925,304 ................................1,122,864 11. Investment expenses........................................................................................................................................................................................................................... (g).................................25,339 12. Investment taxes, licenses and fees, excluding federal income taxes................................................................................................................................................ (g)...................................1,623 13. Interest expense.................................................................................................................................................................................................................................. (h)............................................. 14. Depreciation on real estate and other invested assets........................................................................................................................................................................ (i)...........................................0 15. Aggregate write-ins for deductions from investment income............................................................................................................................................................... ..............................................0 16. Total deductions (Lines 11 through 15)............................................................................................................................................................................................... .....................................26,961 17. Net investment income (Line 10 minus Line 16)................................................................................................................................................................................. ................................1,095,902 DETAILS OF WRITE-INS 0901. Miscellaneous Interest Income........................................................................................................................................................ .........................................(537) .........................................(537) 0902. ......................................................................................................................................................................................................... ................................................. ................................................. 0903. ......................................................................................................................................................................................................... ................................................. ................................................. 0998. Summary of remaining write-ins for Line 9 from overflow page...................................................................................................... ..............................................0 ..............................................0 0999. Totals (Lines 0901 thru 0903 plus 0998) (Line 9 above)................................................................................................................. .........................................(537) .........................................(537) 1501. ............................................................................................................................................................................................................................................................. ................................................. 1502. ............................................................................................................................................................................................................................................................. ................................................. 1503. ............................................................................................................................................................................................................................................................. ................................................. 1598. Summary of remaining write-ins for Line 15 from overflow page........................................................................................................................................................ ..............................................0 1599. Totals (Lines 1501 thru 1503 plus 1598) (Line 15 above)................................................................................................................................................................... ..............................................0 (a) Includes $.....19,282 accrual of discount less $.....167,704 amortization of premium and less $..........0 paid for accrued interest on purchases. (b) Includes $..........0 accrual of discount less $..........0 amortization of premium and less $..........0 paid for accrued dividends on purchases. (c) Includes $..........0 accrual of discount less $..........0 amortization of premium and less $..........0 paid for accrued interest on purchases. (d) Includes $..........0 for company's occupancy of its own buildings; and excludes $..........0 interest on encumbrances. (e) Includes $..........0 accrual of discount less $..........0 amortization of premium and less $..........0 paid for accrued interest on purchases. (f) Includes $..........0 accrual of discount less $..........0 amortization of premium. (g) Includes $..........0 investment expenses and $..........0 investment taxes, licenses and fees, excluding federal income taxes, attributable to segregated and Separate Accounts. (h) Includes $..........0 interest on surplus notes and $..........0 interest on capital notes. (i) Includes $..........0 depreciation on real estate and $..........0 depreciation on other invested assets.

EXHIBIT OF CAPITAL GAINS (LOSSES) 1

1. 1.1 1.2 1.3 2.1 2.11 2.2 2.21 3. 4. 5. 6. 7. 8. 9. 10.

U.S. government bonds................................................................ Bonds exempt from U.S. tax......................................................... Other bonds (unaffiliated).............................................................. Bonds of affiliates.......................................................................... Preferred stocks (unaffiliated)....................................................... Preferred stocks of affiliates.......................................................... Common stocks (unaffiliated)........................................................ Common stocks of affiliates.......................................................... Mortgage loans............................................................................. Real estate.................................................................................... Contract loans............................................................................... Cash/short-term investments........................................................ Derivative instruments................................................................... Other invested assets................................................................... Aggregate write-ins for capital gains (losses)............................... Total capital gains (losses)............................................................

0901. 0902. 0903. 0998. 0999.

...................................................................................................... ...................................................................................................... ...................................................................................................... Summary of remaining write-ins for Line 9 from overflow page.... Totals (Lines 0901 thru 0903 plus 0998) (Line 9 above)...............

2

Realized Gain (Loss) Other on Sales Realized or Maturity Adjustments ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................0 ...................................0 ...................................0 ...................................0 DETAILS OF WRITE-INS ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................0 ...................................0 ...................................0 ...................................0

NONE

8

3

Increases (Decreases) by Adjustment ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................0 ...................................0

4 Net Gain or (Loss) from Change in Difference Between Basis Book/ Adjusted Carrying and Admitted Values ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................0 ...................................0

5

Total ...................................0 ...................................0 ...................................0 ...................................0 ...................................0 ...................................0 ...................................0 ...................................0 ...................................0 ...................................0 ...................................0 ...................................0 ...................................0 ...................................0 ...................................0 ...................................0

...................................... ...................................... ...................................... ...................................0 ...................................0

...................................... ...................................... ...................................... ...................................0 ...................................0

...................................0 ...................................0 ...................................0 ...................................0 ...................................0

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

EXHIBIT 1 - PART 1 - PREMIUMS AND ANNUITY CONSIDERATIONS FOR LIFE AND ACCIDENT AND HEALTH CONTRACTS 1. 2. 3.

4. 5. 6.

7. 8. 9.

10.

9 11. 12. 13.

14. 15. 16.

17. 18. 19.

20.

FIRST YEAR (other than single) Uncollected............................................................................................ Deferred and accrued............................................................................ Deferred, accrued and uncollected: 3.1 Direct............................................................................................... 3.2 Reinsurance assumed.................................................................... 3.3 Reinsurance ceded......................................................................... 3.4 Net (Line 1 + Line 2)....................................................................... Advance................................................................................................. Line 3.4 - Line 4..................................................................................... Collected during year: 6.1 Direct............................................................................................... 6.2 Reinsurance assumed.................................................................... 6.3 Reinsurance ceded......................................................................... 6.4 Net.................................................................................................. Line 5 + Line 6.4.................................................................................... Prior year (uncollected + deferred and accrued - advance)................... First year premiums and considerations: 9.1 Direct............................................................................................... 9.2 Reinsurance assumed.................................................................... 9.3 Reinsurance ceded......................................................................... 9.4 Net (Line 7 - Line 8)........................................................................ SINGLE Single premiums and considerations: 10.1 Direct............................................................................................. 10.2 Reinsurance assumed.................................................................. 10.3 Reinsurance ceded....................................................................... 10.4 Net................................................................................................ RENEWAL Uncollected............................................................................................ Deferred and accrued............................................................................ Deferred, accrued and uncollected: 13.1 Direct............................................................................................. 13.2 Reinsurance assumed.................................................................. 13.3 Reinsurance ceded....................................................................... 13.4 Net (Line 11 + Line 12)................................................................. Advance................................................................................................. Line 13.4 - Line 14................................................................................. Collected during year: 16.1 Direct............................................................................................. 16.2 Reinsurance assumed.................................................................. 16.3 Reinsurance ceded....................................................................... 16.4 Net................................................................................................ Line 15 + Line 16.4................................................................................ Prior year (uncollected + deferred and accrued - advance)................... Renewal premiums and considerations: 19.1 Direct............................................................................................. 19.2 Reinsurance assumed.................................................................. 19.3 Reinsurance ceded....................................................................... 19.4 Net (Line 17 - Line 18).................................................................. TOTAL Total premiums and annuity considerations: 20.1 Direct............................................................................................. 20.2 Reinsurance assumed.................................................................. 20.3 Reinsurance ceded....................................................................... 20.4 Net (Lines 9.4 + 10.4 + 19.4)........................................................

1

2

Total

Industrial Life

3

Ordinary

Life Insurance

4 Individual Annuities

5 Credit Life (Group and Individual)

6

Group

Life Insurance

7

8

Annuities

Group

Accident and Health 9 Credit (Group & Individual)

10 Other

11 Aggregate of All Other Lines of Business

................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................. ................................. ................................. ................................. ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................. ................................. ................................. ................................. ................................0 ................................0 ................................0 ................................0 ................................0 ................................0

................................... ................................... ................................... ................................0 ................................... ................................0

................................... ................................... ................................... ................................0 ................................... ................................0

................................... ................................... ................................... ................................0 ................................... ................................0

................................... ................................... ................................... ................................0 ................................... ................................0

................................... ................................... ................................... ................................0 ................................... ................................0

................................... ................................... ................................... ................................0 ................................... ................................0

................................. ................................. ................................. ..............................0 ................................. ..............................0

................................. ................................. ................................. ..............................0 ................................. ..............................0

................................. ................................. ................................. ..............................0 ................................. ..............................0

................................. ................................. ................................. ..............................0 ................................. ..............................0

................................0 ................................0 ................................0 ................................0 ................................0 ................................0

................................... ................................... ................................... ................................0 ................................0 ...................................

................................... ................................... ................................... ................................0 ................................0 ...................................

................................... ................................... ................................... ................................0 ................................0 ...................................

................................... ................................... ................................... ................................0 ................................0 ...................................

................................... ................................... ................................... ................................0 ................................0 ...................................

................................... ................................... ................................... ................................0 ................................0 ...................................

................................. ................................. ................................. ..............................0 ..............................0 .................................

................................. ................................. ................................. ..............................0 ..............................0 .................................

................................. ................................. ................................. ..............................0 ..............................0 .................................

................................. ................................. ................................. ..............................0 ..............................0 .................................

................................0 ................................0 ................................0 ................................0

................................... ................................... ................................... ................................0

................................... ................................... ................................... ................................0

................................... ................................... ................................... ................................0

................................... ................................... ................................... ................................0

................................... ................................... ................................... ................................0

................................... ................................... ................................... ................................0

................................. ................................. ................................. ..............................0

................................. ................................. ................................. ..............................0

................................. ................................. ................................. ..............................0

................................. ................................. ................................. ..............................0

..................2,604,056 ................................0 ..................2,414,233 .....................189,823

................................... ................................... ................................... ................................0

................................... ................................... ................................... ................................0

.......................23,235 ................................... .......................23,235 ................................0

................................... ................................... ................................... ................................0

................................... ................................... ................................... ................................0

..................2,580,821 ................................... ..................2,390,998 .....................189,823

................................. ................................. ................................. ..............................0

................................. ................................. ................................. ..............................0

................................. ................................. ................................. ..............................0

................................. ................................. ................................. ..............................0

................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................. ................................. ................................. ................................. ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................. ................................. ................................. ................................. ................................0 ................................0 ................................0 ................................0 ................................0 ................................0

................................... ................................... ................................... ................................0 ................................... ................................0

................................... ................................... ................................... ................................0 ................................... ................................0

................................... ................................... ................................... ................................0 ................................... ................................0

................................... ................................... ................................... ................................0 ................................... ................................0

................................... ................................... ................................... ................................0 ................................... ................................0

................................... ................................... ................................... ................................0 ................................... ................................0

................................. ................................. ................................. ..............................0 ................................. ..............................0

................................. ................................. ................................. ..............................0 ................................. ..............................0

................................. ................................. ................................. ..............................0 ................................. ..............................0

................................. ................................. ................................. ..............................0 ................................. ..............................0

................................0 ................................0 ................................0 ................................0 ................................0 ................................0

................................... ................................... ................................... ................................0 ................................0 ...................................

................................... ................................... ................................... ................................0 ................................0 ...................................

................................... ................................... ................................... ................................0 ................................0 ...................................

................................... ................................... ................................... ................................0 ................................0 ...................................

................................... ................................... ................................... ................................0 ................................0 ...................................

................................... ................................... ................................... ................................0 ................................0 ...................................

................................. ................................. ................................. ..............................0 ..............................0 .................................

................................. ................................. ................................. ..............................0 ..............................0 .................................

................................. ................................. ................................. ..............................0 ..............................0 .................................

................................. ................................. ................................. ..............................0 ..............................0 .................................

................................0 ................................0 ................................0 ................................0

................................... ................................... ................................... ................................0

................................... ................................... ................................... ................................0

................................... ................................... ................................... ................................0

................................... ................................... ................................... ................................0

................................... ................................... ................................... ................................0

................................... ................................... ................................... ................................0

................................. ................................. ................................. ..............................0

................................. ................................. ................................. ..............................0

................................. ................................. ................................. ..............................0

................................. ................................. ................................. ..............................0

..................2,604,056 ................................0 ..................2,414,233 .....................189,823

................................0 ................................0 ................................0 ................................0

................................0 ................................0 ................................0 ................................0

.......................23,235 ................................0 .......................23,235 ................................0

................................0 ................................0 ................................0 ................................0

................................0 ................................0 ................................0 ................................0

..................2,580,821 ................................0 ..................2,390,998 .....................189,823

..............................0 ..............................0 ..............................0 ..............................0

..............................0 ..............................0 ..............................0 ..............................0

..............................0 ..............................0 ..............................0 ..............................0

..............................0 ..............................0 ..............................0 ..............................0

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

EXHIBIT 1 - PART 2 - DIVIDENDS AND COUPONS APPLIED, REINSURANCE COMMISSIONS AND EXPENSE ALLOWANCES AND COMMISSIONS INCURRED (direct business only) 1

2

Total

Industrial Life

3 Life Insurance

Ordinary

4 Individual Annuities

5 Credit Life (Group and Individual)

6 Life Insurance

Group

7

8

Annuities

Group

Accident and Health 9 Credit (Group & Individual)

10 Other

11 Aggregate of All Other Lines of Business

DIVIDENDS AND COUPONS APPLIED (included in Part 1) 21. To pay renewal premiums (Exhibit 4, Line 1)..................... ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... 22. All other (Exhibit 4, Lines 2, 3 & 4)..................................... ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... REINSURANCE COMMISSIONS AND EXPENSE ALLOWANCES INCURRED 23. First year (other than single): 23.1 Reinsurance ceded................................................... ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... 23.2 Reinsurance assumed............................................... ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... 23.3 Net ceded less assumed........................................... ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 24. Single: 24.1 Reinsurance ceded................................................... ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... 24.2 Reinsurance assumed............................................... ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ...................................

10

NONE

24.3 Net ceded less assumed........................................... ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 25. Renewal:

25.1 Reinsurance ceded................................................... ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... 25.2 Reinsurance assumed............................................... ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... 25.3 Net ceded less assumed........................................... ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 26. Totals: 26.1 Reinsurance ceded (Page 6, Line 6)......................... ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 26.2 Reinsurance assumed (Page 6, Line 22).................. ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 26.3 Net ceded less assumed........................................... ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 COMMISSIONS INCURRED (direct business only) 27. First year (other than single).............................................. ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... 28. Single................................................................................. ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... 29. Renewal............................................................................. ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... 30. Deposit-type contract funds................................................ ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... 31. Totals (to agree with Page 6, Line 21)............................... ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

EXHIBIT 2 - GENERAL EXPENSES 1

1. 2. 3.11 3.12 3.21 3.22 3.31 3.32 4.1 4.2 4.3 4.4 4.5 5.1 5.2 5.3 5.4 5.5 5.6 5.7 6.1 6.2 6.3 6.4 6.5 6.6 6.7 6.8 7.1 7.2 7.3 9.1 9.2 9.3 10. 11. 12. 13.

Rent......................................................................................................... Salaries and wages.................................................................................. Contributions for benefit plans for employees.......................................... Contributions for benefit plans for agents................................................ Payments to employees under non-funded benefit plans........................ Payments to agents under non-funded benefit plans.............................. Other employee welfare........................................................................... Other agent welfare................................................................................. Legal fees and expenses......................................................................... Medical examination fees........................................................................ Inspection report fees.............................................................................. Fees of public accountants and consulting actuaries.............................. Expense of investigation and settlement of policy claims........................ Traveling expenses.................................................................................. Advertising............................................................................................... Postage, express, telegraph and telephone............................................ Printing and stationery............................................................................. Cost or depreciation of furniture and equipment...................................... Rental of equipment................................................................................. Cost or depreciation of EDP equipment and software............................. Books and periodicals.............................................................................. Bureau and association fees.................................................................... Insurance, except on real estate.............................................................. Miscellaneous losses............................................................................... Collection and bank service charges....................................................... Sundry general expenses........................................................................ Group service and administration fees.................................................... Reimbursements by uninsured accident and health plans...................... Agency expense allowance..................................................................... Agents' balances charged off (less $..........0 recovered)......................... Agency conferences other than local meetings....................................... Real estate expenses.............................................................................. Investment expenses not included elsewhere......................................... Aggregate write-ins for expenses............................................................ General expenses Incurred...................................................................... General expenses unpaid December 31, prior year................................ General expenses unpaid December 31, current year............................ Amounts receivable relating to uninsured accident and health plans, prior year....................................................................................... Amounts receivable relating to uninsured accident and health plans, current year................................................................................... General expenses paid during year (Lines 10 + 11 - 12 - 13 + 14).........

14. 15. 09.301. 09.302. 09.303. 09.398. 09.399. (a)

Life .........................3,501 ......................(22,737) .........................7,373 ................................... ................................... ................................... .........................1,141 ................................... .......................40,938 ................................1 ................................... .......................14,028 ................................... ............................368 ............................149 .........................2,383 ............................149 .......................10,416 ..............................40 ................................... ............................332 ................................... ................................1 ................................... .........................3,935 .........................8,079 ................................2 ................................... ................................1 ................................... ..............................17 ................................... ................................... ................................0 .......................70,117 .......................96,269 .......................15,170

Insurance 2 Accident and Health ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................0 ................................0 ................................... ...................................

3 All Other Lines of Business ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................0 ................................0 ................................... ...................................

4

5

Investment .........................1,204 .......................16,777 ............................790 ................................... ................................... ................................... ..............................47 ................................... ..............................93 ................................1 ................................... ............................256 ................................... ............................374 ................................9 ............................246 ..............................78 .........................1,809 ..............................95 ................................... ............................201 ................................6 ............................103 ................................... .........................1,188 .........................2,038 ................................2 ................................... ................................1 ................................... ..............................21 ................................... ................................... ................................0 .......................25,339 .........................8,704 .........................9,325

Total .........................4,705 ........................(5,960) .........................8,163 ................................0 ................................0 ................................0 .........................1,188 ................................0 .......................41,031 ................................2 ................................0 .......................14,284 ................................0 ............................742 ............................158 .........................2,629 ............................227 .......................12,225 ............................135 ................................0 ............................533 ................................6 ............................104 ................................0 .........................5,123 .......................10,117 ................................4 ................................0 ................................2 ................................0 ..............................38 ................................0 ................................0 ................................0 (a)..................95,456 .....................104,973 .......................24,495

................................... ................................... ................................... ................................... ................................0

................................... ................................... .....................151,216 ................................0 DETAILS OF WRITE-INS ................................................................................................................. ................................... ................................... ................................................................................................................. ................................... ................................... ................................................................................................................. ................................... ................................... Summary of remaining write-ins for Line 9.3 from overflow page............ ................................0 ................................0 Totals (Lines 09.301 thru 09.303 plus 09.398)(Line 9.3 above).............. ................................0 ................................0 Includes management fees of $..........0 to affiliates $..........0 to non-affiliates.

................................... ................................... ................................0 ................................0 .......................24,718 .....................175,934 ................................... ................................... ................................... ................................0 ................................0

................................... ................................... ................................... ................................0 ................................0

................................0 ................................0 ................................0 ................................0 ................................0

EXHIBIT 3 - TAXES, LICENSES AND FEES (EXCLUDING FEDERAL INCOME TAXES) 1 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.

Real estate taxes..................................................................................... State insurance department licenses and fees........................................ State taxes on premiums......................................................................... Other state taxes, including $..........0 for employee benefits................... U.S. Social Security taxes........................................................................ All other taxes.......................................................................................... Taxes, licenses and fees incurred........................................................... Taxes, licenses and fees unpaid December 31, prior year...................... Taxes, licenses and fees unpaid December 31, current year.................. Taxes, licenses and fees paid during year (Lines 7 + 8 - 9)....................

Life ................................... .......................16,616 .........................2,195 .........................2,547 ................................... ........................(6,287) .......................15,071 .........................3,451 ................................... .......................18,522

Insurance 2 Accident and Health ................................... ................................... ................................... ................................... ................................... ................................... ................................0 ................................... ................................... ................................0

3 All Other Lines of Business ................................... .......................25,259 .........................3,336 .........................3,871 ................................... ........................(9,557) .......................22,909 ................................... ................................... .......................22,909

EXHIBIT 4 - DIVIDENDS OR REFUNDS 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 0801. 0802. 0803. 0898. 0899.

Applied to pay renewal premiums................................................................................................................................................................. Applied to shorten the endowment or premium-paying period...................................................................................................................... Applied to provide paid-up additions............................................................................................................................................................. Applied to provide paid-up annuities............................................................................................................................................................. Total Lines 1 through 4.................................................................................................................................................................................. Paid-in cash................................................................................................................................................................................................... Left on deposit............................................................................................................................................................................................... Aggregate write-ins for dividend or refund options........................................................................................................................................ Total Lines 5 through 8.................................................................................................................................................................................. Amount due and unpaid................................................................................................................................................................................ Provision for dividends or refunds payable in the following calendar year.................................................................................................... Terminal dividends........................................................................................................................................................................................ Provision for deferred dividend contracts...................................................................................................................................................... Amount provisionally held for deferred dividend contracts not included in Line 13....................................................................................... Total Lines 10 through 14.............................................................................................................................................................................. Total from prior year...................................................................................................................................................................................... Total dividends or refunds (Lines 9 + 15 - 16)............................................................................................................................................... DETAILS OF WRITE-INS ....................................................................................................................................................................................................................... ....................................................................................................................................................................................................................... ....................................................................................................................................................................................................................... Summary of remaining write-ins for Line 8 from overflow page.................................................................................................................... Totals (Line 0801 thru 0803 plus 0898) (Line 8 above).................................................................................................................................

NONE

11

4

5

Investment ................................... ................................6 ................................... ................................... .........................1,535 ..............................82 .........................1,623 ................................... ................................8 .........................1,615

Total ................................0 .......................41,881 .........................5,531 .........................6,418 .........................1,535 ......................(15,762) .......................39,603 .........................3,451 ................................8 .......................43,046

Dividends 1 2 Life Accident and Health ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................0 ......................................0 ......................................... ......................................... ......................................... ......................................... ......................................0 ......................................0 ......................................0 ......................................0 ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................0 ......................................0 ......................................... ......................................... ......................................0 ......................................0 ......................................... ......................................... ......................................... ......................................0 ......................................0

......................................... ......................................... ......................................... ......................................0 ......................................0

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

EXHIBIT 5 - AGGREGATE RESERVE FOR LIFE CONTRACTS 1

2

3

4

Valuation Standard Annuities (excluding supplementary contracts with life contingencies): 0200001. 83 GAM 5.5% CARVM...................................................................... 0200002. 83 GAM 5.25% CARVM.................................................................... 0200003. a-2000 5.25% CARVM...................................................................... 0200004. 94 GAR 5.25% CARVM..................................................................... 0200005. 83 GAM 7.25% IMM.......................................................................... 0200006. 83a 6.75% IMM.................................................................................. 0200007. 83 GAM 6.75% IMM.......................................................................... 0200008. 94 GAR 7% IMM................................................................................ 0200009. 83a 6.25% IMM.................................................................................. 0200010. 83 GAM 6.25% IMM.......................................................................... 0200011. a-2000 6.25% IMM............................................................................ 0200012. 94 GAR 6.25% IMM........................................................................... 0200013. 94 GAR 6.75% IMM........................................................................... 0200014. a-2000 6.75% IMM............................................................................ 0200015. 94 GAR 6.5% IMM............................................................................. 0299997. Totals (Gross).................................................................................... 0299998. Reinsurance ceded............................................................................ 0299999. Totals (Net)........................................................................................ Miscellaneous Reserves: 0700001. Guaranteed Minimum Death Benefit Reserve for Variable Policies.. 0799997. Totals (Gross).................................................................................... 0799998. Reinsurance ceded............................................................................ 0799999. Totals (Net)........................................................................................ 9999999. Totals (Net) - Page 3, Line 1..............................................................

Total

Industrial

..................1,198,925 ................13,821,154 ..................1,012,850 ..................2,158,453 .....................277,688 .......................62,691 ..................2,531,545 ..................1,319,481 ............................932 ..................2,595,073 .......................78,832 ..................1,371,535 .....................683,079 .......................37,285 ..................1,576,627 ................28,726,150 ................26,357,640 ..................2,368,510 .....................106,460 .....................106,460 .......................97,767 .........................8,693 ..................2,377,203

12

Ordinary

5 Credit (Group and Individual)

6 Group

.............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX...............

................................... ................................... ..................1,012,850 ................................... ................................... .......................62,691 ................................... ................................... ............................932 ................................... .......................78,832 ................................... ................................... .......................37,285 ................................... ..................1,192,590 ..................1,192,591 ...............................(1)

.............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX............... .............XXX...............

..................1,198,925 ................13,821,154 ................................... ..................2,158,453 .....................277,688 ................................... ..................2,531,545 ..................1,319,481 ................................... ..................2,595,073 ................................... ..................1,371,535 .....................683,079 ................................... ..................1,576,627 ................27,533,560 ................25,165,049 ..................2,368,511

................................... ................................0 ................................... ................................0 ................................0

.........................2,349 .........................2,349 .........................2,349 ................................0 ...............................(1)

................................... ................................0 ................................... ................................0 ................................0

.....................104,111 .....................104,111 .......................95,418 .........................8,693 ..................2,377,204

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

EXHIBIT 5 - INTERROGATORIES 1.1 1.2 2.1 2.2 3.

Has the reporting entity ever issued both participating and non-participating contracts? If not, state which kind is issued.......... Does the reporting entity at present issue both participating and non-participating contracts? If not, state which kind is issued.......... Does the reporting entity at present issue or have in force contracts that contain non-guaranteed elements? If so, attach a statement that contains the determination procedures, answers to the interrogatories and an actuarial opinion as described in the instructions.

Yes [ ]

No [ X ]

Yes [ ]

No [ X ]

Yes [ X ]

No [ ]

4. Has the reporting entity any assessment or stipulated premium contracts in force? If so, state: 4.1 Amount of insurance? 4.2 Amount of reserve? 4.3 Basis of reserve: 4.4 Basis of regular assessments: 4.5 Basis of special assessments: 4.6 Assessments collected during year: 5. If the contract loan interest rate guaranteed in any one or more of its currently issued contracts is less than 5 %, not in advance, state the contract loan rate guarantees on any such contracts.

Yes [ ] No [ X ] $......................................... $.........................................

6. Does the reporting entity hold reserves for any annuity contracts which are less than the reserves that would be held on a standard basis? 6.1 If so, state the amount of reserve on such contracts on the basis actually held: 6.2 Which would have been held (on an exact or approximate basis) using the actual ages of the annuitants; the interest rate(s) used in 6.1; and the same mortality basis used by the reporting entity for the valuation of comparable annuity benefits issued to standard lives. If the reporting entity has no comparable annuity benefits for standard lives to be valued, the mortality basis shall be the table most recently approved by the state of domicile for valuing individual annuity benefits: Attach statement of methods employed in their valuation. 7. Does the reporting entity have any Synthetic GIC contracts, or agreements in effect as of December 31 of the current year? 7.1 If yes, state the total dollar amount of assets covered by these contracts or agreements: 7.2 Specify the basis (fair value, amortized cost, etc.) for determining the amount:

Yes [ ] No [ X ] $.........................................

7.3 State the amount of reserves established for this business: 7.4 Identify where the reserves are reported in the blank.

$.........................................

$......................................... Yes [ ] No [ X ] $.........................................

$.........................................

EXHIBIT 5A - CHANGES IN BASES OF VALUATION DURING THE YEAR 1

Description of Valuation Class

2 Changed From

NONE

13

Valuation Basis

3 Changed To

4 Increase in Actuarial Reserve Due To Change

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

EXHIBIT 6 - AGGREGATE RESERVES FOR ACCIDENT AND HEALTH CONTRACTS 1

Total

2 Group Accident and Health

3 Credit Accident and Health (Group and Individual)

4

Collectively Renewable

5

6

NonCancelable

Guaranteed Renewable

Other Individual Contracts 7 Non-Renewable for Stated Reasons Only

8

9

Other Accident Only

All Other

ACTIVE LIFE RESERVE 1.

Unearned premium reserves................................................................................ ....................................0 ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... .......................................

2.

Additional contract reserves (a)............................................................................ ....................................0 ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... .......................................

3.

Additional actuarial reserves - Asset/Liability analysis......................................... ....................................0 ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... .......................................

4.

Reserve for future contingent benefits................................................................. ....................................0 ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... .......................................

5.

Reserve for rate credits........................................................................................ ....................................0 ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... .......................................

6.

Aggregate write-ins for reserves.......................................................................... ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0

7.

Totals (Gross)....................................................................................................... ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0

8.

Reinsurance ceded.............................................................................................. ....................................0 ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... .......................................

9.

Totals (Net)........................................................................................................... ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0

CLAIM RESERVE 10. Present value of amounts not yet due on claims.................................................. ....................................0 ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... 11. Additional actuarial reserves - Asset/Liability analysis......................................... ....................................0 ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... 12. Reserve for future contingent benefits................................................................. ....................................0 ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... .......................................

14

13. Aggregate write-ins for reserves.......................................................................... ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0

NONE

14. Totals (Gross)....................................................................................................... ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 15. Reinsurance ceded.............................................................................................. ....................................0 ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... 16. Totals (Net)........................................................................................................... ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 17. TOTALS (Net)...................................................................................................... ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 18. TABULAR FUND INTEREST............................................................................... ....................................0 ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... DETAILS OF WRITE-INS 0601. ............................................................................................................................. ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... 0602. ............................................................................................................................. ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... 0603. ............................................................................................................................. ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... 0698. Summary of remaining write-ins for Line 6 from overflow page........................... ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 0699. Totals (Lines 0601 thru 0603 plus 0698) (Line 6 above)...................................... ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 1301. ............................................................................................................................. ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... 1302. ............................................................................................................................. ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... 1303. ............................................................................................................................. ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... 1398. Summary of remaining write-ins for Line 13 from overflow page......................... ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 1399. Totals (Lines 1301 thru 1303 + 1398) (Line 13 above)........................................ ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 (a) Attach statement as to valuation standard used in calculating this reserve, specifying reserve bases, interest rates and methods.

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

EXHIBIT 7 - DEPOSIT-TYPE CONTRACTS 1

Total

2 Guaranteed Interest Contracts

3 Supplemental Contracts and Annuities Certain

4 Dividend Accumulations or Refunds

5 Premium and Other Deposit Funds

6

Other

1.

Balance at the beginning of the year before reinsurance.......................................................................................... ....................................3,972,024 ..................................................... ....................................3,972,024 ..................................................... ..................................................... .....................................................

2.

Deposits received during the year............................................................................................................................. .......................................908,107 ..................................................... .......................................908,107 ..................................................... ..................................................... .....................................................

3.

Investment earnings credited to the account............................................................................................................. ......................................(681,097) ..................................................... ......................................(681,097) ..................................................... ..................................................... .....................................................

4. Other net change in reserves..................................................................................................................................... ..................................................0 ..................................................... ..................................................... ..................................................... ..................................................... ..................................................... 5.

Fees and other charges assessed............................................................................................................................. ..................................................0 ..................................................... ..................................................... ..................................................... ..................................................... .....................................................

6.

Surrender charges..................................................................................................................................................... ..................................................0 ..................................................... ..................................................... ..................................................... ..................................................... .....................................................

7.

Net surrender or withdrawal payments...................................................................................................................... .......................................852,450 ..................................................... .......................................852,450 ..................................................... ..................................................... .....................................................

8.

Other net transfers to or (from) Separate Accounts................................................................................................... ..................................................0 ..................................................... ..................................................... ..................................................... ..................................................... .....................................................

9. Balance at the end of current year before reinsurance (Lines 1 + 2 + 3 + 4 - 5 - 6 - 7 - 8)........................................ ....................................3,346,584 ..................................................0 ....................................3,346,584 ..................................................0 ..................................................0 ..................................................0

15

10. Reinsurance balance at the beginning of the year..................................................................................................... ...................................(3,972,024) ..................................................... ...................................(3,972,024) ..................................................... ..................................................... ..................................................... 11. Net change in reinsurance assumed......................................................................................................................... ..................................................0 ..................................................... ..................................................... ..................................................... ..................................................... ..................................................... 12. Net change in reinsurance ceded.............................................................................................................................. ......................................(625,440) ..................................................... ......................................(625,440) ..................................................... ..................................................... ..................................................... 13. Reinsurance balance at the end of the year (Lines 10 + 11 - 12).............................................................................. ...................................(3,346,584) ..................................................0 ...................................(3,346,584) ..................................................0 ..................................................0 ..................................................0 14. Balance at the end of the current year after reinsurance (Lines 9 + 13).................................................................... ..................................................0 ..................................................0 ..................................................0 ..................................................0 ..................................................0 ..................................................0

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

EXHIBIT 8 - CLAIMS FOR LIFE AND ACCIDENT AND HEALTH CONTRACTS PART 1 - Liability End of Current Year 1

Total

2 Industrial Life

3

Ordinary 4

5

Life Insurance

Individual Annuities

Supplementary Contracts

6 Credit Life (Group and Individual)

7 Life Insurance

Group

8

9

Annuities

Group

Accident and Health 10 Credit (Group and Individual)

11 Other

1. Due and unpaid: 1.1 Direct..................................................................................... ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... 1.2 Reinsurance assumed.......................................................... ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... 1.3 Reinsurance ceded............................................................... ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... 1.4 Net........................................................................................ ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 2. In course of settlement: 2.1 Resisted: 2.11 Direct................................................................................... ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... 2.12 Reinsurance assumed........................................................ ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... 2.13 Reinsurance ceded............................................................. ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... 2.14 Net...................................................................................... ................................0 ................................0 (b)............................0 (b)............................0 ................................0 (b)............................0 (b)............................0 ................................0 ................................0 ................................0 ................................0 2.2 Other: 2.21 Direct................................................................................... ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ...................................

16

NONE

2.22 Reinsurance assumed........................................................ ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... 2.23 Reinsurance ceded............................................................. ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... 2.24 Net...................................................................................... ................................0 ................................0 (b)............................0 (b)............................0 ................................0 (b)............................0 (b)............................0 ................................0 (b)............................0 (b)............................0 (b)............................0 3. Incurred but unreported: 3.1 Direct..................................................................................... ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... 3.2 Reinsurance assumed.......................................................... ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... 3.3 Reinsurance ceded............................................................... ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... 3.4 Net........................................................................................ ................................0 ................................0 (b)............................0 (b)............................0 ................................0 (b)............................0 (b)............................0 ................................0 (b)............................0 (b)............................0 (b)............................0 4. Totals: 4.1 Direct..................................................................................... ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 4.2 Reinsurance assumed.......................................................... ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 4.3 Reinsurance ceded............................................................... ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 4.4 Net........................................................................................ ................................0 (a)............................0 (a)............................0 ................................0 ................................0 ................................0 (a)............................0 ................................0 ................................0 ................................0 ................................0 (a) Including matured endowments (but not guaranteed annual pure endowments) unpaid amounting to $..........0 in Column 2, $..........0 in Column 3 and $..........0 in Column 7. (b) Include only portion of disability and accident and health claim liabilities applicable to assumed "accrued" benefits. Reserves (including reinsurance assumed and net of reinsurance ceded) for unaccrued benefits for Ordinary Life Insurance $..........0, Individual Annuities $...........0, Credit Life (Group and Individual) $..........0, and Group Life $..........0, are included in Page 3, Line 1, (See Exhibit 5, Section on Disability Disabled Lives); and for Group Accident and Health $..........0, Credit (Group and Individual) Accident and Health $..........0 and Other Accident and Health $..........0 are included in Page 3, Line 2, (See Exhibit 6, Claim Reserve).

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

EXHIBIT 8 - CONTRACT CLAIMS FOR LIFE AND ACCIDENT AND HEALTH CONTRACTS 1

2

Total

Industrial Life (a)

PART 2 - Incurred During the Year 3 Life Insurance (b)

Ordinary 4

5

Individual Annuities

Supplementary Contracts

6 Credit Life (Group and Individual)

7 Life Insurance (c)

Group

8

9

Annuities

Group

Accident and Health 10 Credit (Group and Individual)

11 Other

1. Settlements during the year: 1.1 Direct....................................................................................................... .................1,638,516 .................................. .................................. ......................29,984 .................................. .................................. .................................. .................1,608,532 .................................. .................................. .................................. 1.2 Reinsurance assumed............................................................................ ...............................0 .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. 1.3 Reinsurance ceded................................................................................. .................1,566,562 .................................. .................................. ......................29,984 .................................. .................................. .................................. .................1,536,578 .................................. .................................. .................................. 1.4 Net.......................................................................................................... (d).................71,954 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ......................71,954 ...............................0 ...............................0 ...............................0 2. Liability December 31, current year from Part 1: 2.1 Direct....................................................................................................... ...............................0 .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. 2.2 Reinsurance assumed............................................................................ ...............................0 .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. 2.3 Reinsurance ceded................................................................................. ...............................0 .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. 2.4 Net.......................................................................................................... ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 3. Amounts recoverable from reinsurers December 31, current year................ ...............................0 .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. 4. Liability December 31, prior year: 4.1 Direct....................................................................................................... ...............................0 .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. ..................................

17

4.2 Reinsurance assumed............................................................................ ...............................0 .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. 4.3 Reinsurance ceded................................................................................. ...............................0 .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. 4.4 Net.......................................................................................................... ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 5. Amounts recoverable from reinsurers December 31, prior year.................... ...............................0 .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. .................................. 6. Incurred benefits: 6.1 Direct....................................................................................................... .................1,638,516 ...............................0 ...............................0 ......................29,984 ...............................0 ...............................0 ...............................0 .................1,608,532 ...............................0 ...............................0 ...............................0 6.2 Reinsurance assumed............................................................................ ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 6.3 Reinsurance ceded................................................................................. .................1,566,562 ...............................0 ...............................0 ......................29,984 ...............................0 ...............................0 ...............................0 .................1,536,578 ...............................0 ...............................0 ...............................0 6.4 Net.......................................................................................................... ......................71,954 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 ......................71,954 ...............................0 ...............................0 ...............................0 (a) Including matured endowments (but not guaranteed annual pure endowments) amounting to $..........0 in Line 1.1, $..........0 in Line 1.4, $..........0 in Line 6.1 and $..........0 in line 6.4. (b) Including matured endowments (but not guaranteed annual pure endowments) amounting to $..........0 in Line 1.1, $..........0 in Line 1.4, $..........0 in Line 6.1 and $..........0 in line 6.4. (c) Including matured endowments (but not guaranteed annual pure endowments) amounting to $..........0 in Line 1.1, $..........0 in Line 1.4, $..........0 in Line 6.1 and $..........0 in line 6.4. (d) Includes $..........0 premiums waived under total and permanent disability benefits.

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

EXHIBIT 9 - ANALYSIS OF NONADMITTED ASSETS AND RELATED ITEMS 1 End of Current Year

2 End of Prior Year

3 Changes for Year (Increase) or Decrease

1.

Summary of Items Page 2, Lines 12 to 17 and 19 to 22, Column 2................................................................. .........................8,903,453 .........................8,972,014 ..............................68,561

2.

Other Nonadmitted Assets: 2.1

Bills receivable........................................................................................................................................ .......................................... .......................................... .......................................0

2.2

Furniture and equipment......................................................................................................................... .......................................... .......................................... .......................................0

2.3

Leasehold improvements........................................................................................................................ .......................................... .......................................... .......................................0

2.4

Cash advanced to or in the hands of officers or agents.......................................................................... .......................................... .......................................... .......................................0

2.5

Loans on personal security, endorsed or not.......................................................................................... .......................................... .......................................... .......................................0

2.6

Supplies, stationery, printed matter......................................................................................................... .......................................... .......................................... .......................................0

2.7

Commuted commissions......................................................................................................................... .......................................... .......................................... .......................................0

3.

Total (Lines 2.1 to 2.7)...................................................................................................................................... .......................................0 .......................................0 .......................................0

4.

Disallowed interest maintenance reserve......................................................................................................... ..............................77,856 ............................101,779 ..............................23,923

5.

Aggregate write-ins for other assets................................................................................................................. .......................................0 .......................................0 .......................................0

6.

Total (Line 1 plus Lines 3 to 5)......................................................................................................................... .........................8,981,309 .........................9,073,793 ..............................92,484 DETAILS OF WRITE-INS

0501. Lines 2.1 and 5 from 2000 Annual Statement.................................................................................................. .......................................... .......................................... .......................................0 0502. .......................................................................................................................................................................... .......................................... .......................................... .......................................... 0503. .......................................................................................................................................................................... .......................................... .......................................... .......................................... 0598. Summary of remaining write-ins for Line 5 from overflow page........................................................................ .......................................0 .......................................0 .......................................0 0599. Totals (Lines 0501 thru 0503 plus 0598) (Line 5 above).................................................................................. .......................................0 .......................................0 .......................................0

18

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

NOTES TO FINANCIAL STATEMENTS 1.

Summary of Significant Accounting Policies. a.

Accounting Practices The accompanying statutory basis financial statements have been prepared in conformity with statutory accounting practices prescribed or otherwise permitted by the National Association of Insurance Commissioners (NAIC) and the State of Connecticut Department of Insurance. Current prescribed statutory accounting practices include the adoption of the NAIC’s Accounting Practices and Procedures Manual, effective January 1, 2001, as well as current state laws and regulations. Permitted statutory accounting practices encompass accounting practices approved by the state insurance departments. The Company does not follow any permitted statutory accounting practices that have a material effect on statutory surplus, statutory net income or risk-based capital.

b.

Use of Estimates in the Preparation of the Financial Statements The preparation of financial statements in conformity with Statutory Accounting Principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported periods. Actual results could differ from those estimates. The most significant estimates include those used in determining the liability for aggregate reserves for future benefits and the liability for premium and other deposit funds. Although some variability is inherent in these estimates, management believes the amounts provided are adequate.

c.

Accounting Policies Life premiums are recognized as income over the premium paying period of the related policies. Annuity considerations are recognized as revenue when received. Expenses incurred in connection with acquiring new insurance business, including such acquisition costs as sales commission, are charged to operations as incurred. Expenses incurred are reduced for ceding allowances received or receivable. In addition, the Company uses the following accounting policies: (1) Short-term investments, are carried at amortized cost, which approximates fair value. (2) Bonds are carried at amortized cost and are amortized using the interest method. Bonds that are deemed ineligible by to be held at amortized cost by the NAIC Securities Valuation Office (SVO) are carried at the appropriate SVO published value. (3) Common stocks are carried at fair value with the current year change in the difference from cost reflected in surplus. (4) Preferred stocks are carried at fair value with the exception of redeemable preferred stock, which is stated at amortized cost in accordance with NAIC designations. (5) Mortgage loans stated at the aggregate carrying value less accrued interest include investments in assets backed by mortgage loan pools. (6) Loan-backed bonds and structured securities are carried at amortized cost using the interest method including anticipated prepayments at the date of purchase. Significant changes in estimated cash flows from the original purchase assumptions are accounted for using the prospective method, except for highly rated fixed rate securities, which use the retrospective method. (7) The investment in subsidiaries is based on the net worth of the subsidiary determined in accordance with statutory valuation methods. Dividends received from subsidiaries are recorded as net investment income and undistributed net income is recorded as net unrealized capital gains and losses. (8) Investments in joint ventures, partnerships and limited liability companies are carried at the underlying GAAP equity of the investee. (9) Derivative instruments are valued in accordance with the Accounting Practices and Procedures Manual of the NAIC SVO. (10) The Company does not consider anticipated investment income as a factor in the premium deficiency calculation.

19

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

NOTES TO FINANCIAL STATEMENTS (11) The Company establishes and carries as liabilities actuarially determined reserves which are calculated to meet the Company's future obligations. Reserves for accident and health contracts are based on actuarially recognized methods. Tabular liabilities use prescribed morbidity tables in general use in the United States, which are modified to reflect the Company's actual experience when appropriate. These reserves are computed at amounts that, with additions from estimated premiums to be received and with interest on such reserves compounded annually at certain assumed rates, are expected to be sufficient to meet the Company's policy obligations at their maturities or in the event of an insured's death or disability. 2.

Accounting Changes and Corrections of Errors a.

Accounting Changes or Corrections or Errors NONE

b.

Codification The Company prepares its statutory financial statements in conformity with accounting practices prescribed or permitted by the State Connecticut Department of Insurance. Effective January 1, 2001, the State of Connecticut required that insurance companies domiciled in the State of Connecticut prepare their statutory basis financial statements in Accordance with the NAIC Accounting Practices and Procedures Manual, version effective January 1, 2001, subject to any deviations prescribed or permitted by the State of Connecticut insurance commissioner. Accounting changes adopted to conform to the provisions of the NAIC Accounting Practices and Procedures Manual are reported as changes in accounting principles. The cumulative effect of changes in accounting principles is reported as an adjustment to unassigned surplus in the period of the change in accounting principle. The cumulative effect is the difference between the amount of capital and surplus at the beginning of the year and the amount of capital and surplus that would have been reported at that date if the new accounting principles had been applied retroactively for all prior periods. As a result of these changes, the Company reported a change in accounting principles, as an adjustment that increased unassigned surplus $451,474. The adjustment to increase unassigned surplus is related to SSAP 10 (Income Taxes).

3.

Business Combinations and Goodwill NONE

4.

Discontinued Operations NONE

5. Investments

6.

a.

Mortgage Loans The Company has no investments in mortgage loans.

b.

Debt Restructuring The Company did not have any recorded investment in restructured loans.

c.

Reverse Mortgages The Company has no investments in reverse mortgages.

d.

For repurchase agreements, Company policies require a minimum of 102% of the fair value of securities purchased under repurchase agreements to be maintained as collateral.

Joint Venture, Partnerships, and Limited Liability Companies a.

7.

8.

The Company has no investments in Joint Ventures, Partnerships, or Limited Liability Companies.

Investment Income a.

Due and accrued income was excluded from investment income for bonds where collection of interest is uncertain and where investment income amounts are over 90 days past due.

b.

The total amount excluded was $0.

Derivative Instruments The Company has no investments in derivative instruments.

19.1

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

NOTES TO FINANCIAL STATEMENTS 1.

Income Taxes a. The components of the net deferred tax asset/(liability) as of December 31 are as follows: 2002 $8,908,003 (4,550) 8,903,453 0 $8,903,453 $(68,561)

Total of all deferred tax assets (admitted and nonadmitted) Total of all deferred tax liabilities Net deferred assets (admitted and nonadmitted) Net admitted deferred asset Total deferred tax assets nonadmitted Increase (decrease) in deferred taxes nonadmitted b.

2001 $9,429,935 (6,447) 9,423,488 451,474 $8,972,014

Deferred tax liabilities are not recognized for the following amounts:

NONE c.

The components of incurred income tax expense and the change in DTAs and DTLs are as follows: 2002 Current income taxes incurred

2001 $0

$0

The changes in the main components of DTA’s and DTL’s are as follows:

DTA’s resulting from book/tax difference:

Reserves Tax DAC Net operating loss Amortization of goodwill Other Total DTA’s DTA’s nonadmitted

2002 $99,487 249,680 8,126,914 430,922 1,000 $,8,908,003 $8,903,453

2001 $99,487 516,832 8,332,644 480,972 0 $9,429,935 $8,972,014

Change

2002 $(4,550) 0 $(4,550)

2001 $(4,550) (1,897) $(6,447)

Change

2002 $8,908,003 (4,550) $8,903,453

2001 $9,429,935 (6,447) $9,423,488

$0 (267,152) (205,730) (50,050) 1,000 $(521,932) $(68,561)

DTL’s resulting from book/tax difference:

Bonds Accrued deferred compensation Total DTL’s

Total deferred tax assets Total deferred tax liabilities Net deferred tax asset (liability) Change in net deferred income tax d.

$0 1,897 $1,897

Change $(521,932) 1,897 $(520,035) (520,035)

The Company’s income tax expense and change in DTA/DTL differs from the amount obtained by applying the federal statutory rate of 35% to the Net Gain from Operations After Dividends to Policyholders for the following reasons:

Provision computed at statutory rate Prior year adjustments Total

December 31, 2002 $349,000 171,000 $520,000

Effective Tax Rate 35.0% 17.1% 52.1%

Federal and foreign income tax incurred Change in net deferred income taxes Total statutory income taxes

December 31, 2002 $0 520,000 $520,000

Effective Tax Rate 0% 52.1% 52.1%

19.2

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

NOTES TO FINANCIAL STATEMENTS e.

As of December 31, the Company had operating loss carry forwards of $(23,219,754). If not utilized, it will expire as follows:

2010 2011 2012 2013 2014 2015 2016

$(1,403,265) (2,907,954) (4,161,481) (5,034,423) (6,792,757) 0 (2,919,874)

The following are income taxes incurred in the current and prior years that will be available for recoupment in the event of future net losses: NONE f.

Not applicable

10. Information Concerning Parent, Subsidiaries and Affiliates a.

The Company is a member of The Hartford Financial Services Group, Inc. (The Hartford), Hartford Fire Insurance Company being the ultimate parent (insurer) of this holding company system. For specific owner/affiliate relationships, refer to the Legal Entities Organizational Chart contained in Schedule Y. Throughout, the term „subsidiaries“ includes both direct and indirect.

b.

Transactions with Affiliates are located below.

SCHEDULE OF TRANSACTIONS WITH AFFILIATES This schedule contains transactions by the company and any affiliated insurer with any affiliate. Non-insurance transactions involving less than ½ of 1% of the total assets of the largest affiliated insurer are omitted. Also excluded are reinsurance transactions and cost allocation transactions based on generally accepted Accounting principles. 1 2 3 4 5 6 7 8 Assets Received by Insurer Assets Transferred by Insurer Transaction Statement Statement Date Explanation Name of Insurer Name of Affiliate Description Value Description Value 3/02 Capital Contrib.

Hartford Fire Ins. Co.

Hartford Accident & Ind. Co.

8/02 Transfer of Ownership

Hartford Fire Ins. Co.

Hartford Holdings, Inc.

PIK Preferred

$7,200,000,000

Non-Cash HLI, Inc. Common Stock

$226,973,701 7,200,000,000

9/02 12/02 12/02 12/02 12/02

Capital Contrib. Hartford Fire Ins. Co. Hartford Fin. Svcs. Group, Inc. Cash 300,000,000 Capital Contrib. Hartford Life & Acc. Ins. Co. Hartford Life, Inc. Cash 150,000,000 Capital Contrib. Hartford Life & Acc. Ins. Co. Hartford Life Ins. Company Cash 150,000,000 Capital Contrib. Hartford Life Ins. Company Hartford Life & Annuity Ins. Co. Cash 150,000,000 Capital Contrib. Hartford Fire Ins. Co. Hartford Fin. Svcs. Group, Inc. Cash 108,859,931 Affiliate stock 108,859,931 Preferred Stock PIK Preferred 12/02 Hartford Fire Ins. Co. Hartford Holdings, Inc. 144,960,000 Dividend Shards Note: A common Schedule of transactions with affiliates has been prepared for all members of The Hartford Financial Services Group, Inc. for inclusion in each of the individual annual statements and the consolidated Fire and Casualty Annual Statement of the Group.

c.

See Schedule Y (Part 2) Summary of Insurer’s Transactions with any Affiliates.

d.

At Dectember 31, 2002, the Company reported $29,813 as a payable to parents, subsidiaries and affiliates. The terms of the settlement require that these amounts be settled within 30 days.

e.

Guarantees or Undertakings Including the Company and any Affiliated Insurers (1) In 1981, in order for Hartford Insurance Company of the Midwest to be admitted to the State of New Jersey, Hartford Fire Insurance Company guaranteed that Hartford Insurance Company of the Midwest’s capital and surplus would remain in compliance with the present minimum required by that State. (2) In 1981, in order for Nutmeg Insurance Company to be admitted to the State of New Jersey, Hartford Accident & Indemnity Company guaranteed that Nutmeg Insurance Company would remain in compliance with the present minimum required by that State. (3) In 1983, in order for Hartford Insurance Company of the Midwest to be admitted to North Carolina, Hartford Fire Insurance Company guaranteed that Hartford Insurance Company of the Midwest’s capital and surplus would remain in compliance with the present minimum required by that State. (4) In 1987, in order for Trumbull Insurance Company to be admitted to the State of New Jersey, Hartford Fire Insurance Company guaranteed that Trumbull Insurance Company’s capital and surplus would remain in compliance with the present minimum required by that State. (5) In 1989, in order for Hartford Insurance Company of the Midwest to be admitted to the State of Maine, Hartford Fire Insurance Company guaranteed that Hartford Insurance company of the Midwest’s capital and surplus would remain in compliance with the minimum required by that State.

19.3

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

NOTES TO FINANCIAL STATEMENTS (6) The January 1, 1990 guarantee agreement between Hartford Fire Insurance Company, Hartford Life Insurance Company and Hartford Life and Accident Insurance Company, which guaranteed the obligations related to life, accident and health insurance and annuity contracts, was terminated in 1997. Although the guarantee was terminated in 1997, it still covers policies that were issued between 1990-1997. (7) In 1993, in order for Hartford Life and Annuity Insurance Company to gain unlimited variable annuity authority in North Carolina, Hartford Life and Accident Insurance Company guaranteed Hartford Life and Annuity Insurance Company’s variable annuity contract obligations to North Carolina residents. (8) Effective May 1, 1993, Hartford Life Insurance Company guaranteed the obligations of Hartford International Life Reassurance Corporation with respect to reinsurance agreements. (9) In 1995, in order for Property and Casualty Insurance Company of Hartford („Property and Casualty of Hartford„) to be admitted to the states of Iowa, New Jersey, Maine and Virginia, Hartford Fire Insurance Company guaranteed that Property and Casualty of Hartford’s capital and surplus would remain in compliance with the present minimum required by those states. (10) In 1996, in order for Property and Casualty Insurance Company of Hartford to be admitted to the State of Connecticut, Nutmeg Insurance Company guaranteed Property and Casualty Insurance Company of Hartford’s capital and surplus would remain in compliance with the present minimum required by that state. (11) On April 1, 1997, Hartford Life Insurance Company guaranteed the obligations of Hartford-Comprehensive Employee Benefit Service Company with respect to structured settlement liability obligations. (12) On May 23, 1997, Hartford Life Insurance Company guaranteed the obligations of Hartford Life and Annuity Insurance Company with respect to life, accident and health insurance and annuity contracts. (13) In 1998, Hartford Life and Accident Insurance Company guaranteed the obligations of Hartford-Comprehensive Employee Benefit Service Company with respect to structured settlement liability obligations. (14) In December, 1999 in order for Hart Life Insurance to extend its current Certificate of Authority to include the authority to transact the business of contracts on a variable basis, Hartford Life and Accident Insurance Company guaranteed Hart Life Insurance Company’s capital and surplus would meet or exceed the requirements of the State of New Jersey, as amended at any time, for a minimum of ten years. (15) In December, 1999 in order for Servus Life Insurance Company to extend its current Certificate of Authority to include the authority to transact the business of contracts on a variable basis, Hartford Life and Accident Insurance Company guaranteed Servus Life Insurance Company’s capital and surplus would meet or exceed the requirements of the State of New Jersey, as amended at any time, for a minimum of ten years. (16) In 2000, in order for Omni Indemnity Company to be admitted to the States of Arizona, Colorado, and Virginia, Hartford Fire Insurance Company guaranteed that Omni Indemnity Company's capital and surplus would remain in compliance with the present minimum required by those states. (17) In 2001, Hartford Life and Accident Insurance Company guaranteed that it will make funds available in cash to Hartford Life Insurance Company K.K. for the timely payment of contractual claims made under variable life and annuity contracts. (18) On June 24, 2002, in order for Omni Indemnity Company to be admitted to the State of New Mexico, Hartford Fire Insurance Company guaranteed that Omni Indemnity Company’s capital and surplus would remain in compliance with the present minimum required by that State. (19) On June 24, 2002, in order for Omni Insurance Company to be admitted to the State of New Mexico, Hartford Fire Insurance Company guaranteed that Omni Insurance Company’s capital and surplus would remain in compliance with the present minimum required by that State. (20) On September 3, 2002, in order for Sentinel Insurance Company, Ltd. to become licensed in New York, Hartford Fire Insurance Company guaranteed that Sentinel Insurance Company’s surplus to policyholders would not fall below the Company Action Level Risk Based Capital. f.

Management or Expense Allocation Contracts Involving the Consolidated Companies (1) Principal Underwriting Agreements between Hartford Equity Sales Company. Inc., Hartford Life Insurance Company, and Hartford Life and Annuity Insurance Company. (2) Principal Underwriting Agreements between Hartford Securities Distribution Company, Inc., Hartford Life Insurance Company, and Hartford Life and Annuity Insurance Company. (3) Investment Management Agreement between Hartford Investment Services, Inc. and each of Hartford Life and Accident Insurance Company, Hartford Life Insurance Company, American Maturity Life Insurance Company, Hartford Life and Annuity Insurance Company, Hartford International Life Reassurance Corporation, Hart Life Insurance Company, Servus Life Insurance Company, and Nutmeg Life Insurance Company.

19.4

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

NOTES TO FINANCIAL STATEMENTS (4) Reinsurance Agreement between Hartford Fire Insurance Company and Hartford Life and Accident Insurance Company. (5) Investment Pooling Agreement between Hartford Investment Services, Inc. (an affiliate of the pool participants) and Hartford Accident and Indemnity Company, Hartford Casualty Insurance Company, Hartford Fire Insurance Company, Hartford Insurance Company of Illinois, Hartford Insurance Company of the Midwest, Hartford Life and Accident Insurance Company, Hartford Life Insurance Company, Hartford Underwriters Insurance Company, Hartford International Life Reassurance Corporation, Hartford Life and Annuity Insurance Company, Nutmeg Insurance Company, Pacific Insurance Company, Limited, Property and Casualty Insurance Company of Hartford, Servus Life Insurance Company, Trumbull Insurance Company, Twin City Fire Insurance Company, Sentinel Insurance Company, Ltd., American Maturity Life Insurance Company, First State Insurance Company, New England Insurance Company, New England Reinsurance Company, Omni Insurance Company, Omni Indemnity Company. (6) Cost Allocation Agreement between Hartford Fire Insurance Company, Hartford Life, Inc., Hartford Life and Accident Insurance Company, Hartford Life International, Ltd., International Corporate Marketing Group, Inc., The Evergreen Group, Inc., Hartford Financial Services Life Insurance Company, American Maturity Life Insurance Company, Hart Life Insurance Company, Hartford Life Insurance Company, Hartford International Life Reassurance Corporation, Hartford Life and Annuity Insurance Company, Comprehensive Employee Benefit Service Company, Hartford Equity Sales Company, Inc., The Hartford Investment Management Company, Hartford Securities Distribution Company, Inc., Servus Life Insurance Company, Nutmeg Life Insurance Company. g.

All outstanding shares of the Company’s stock is owned by Hartford Life and Accident Insurance Company, an insurance company domiciled in the State of Connecticut.

h.

The Company does not own shares of any upstream intermediate or ultimate parent, either directly or indirectly via a downstream subsidiary, controlled or affiliated company.

i.

The Company does not have any investments in a subsidiary, controlled or affiliate entity that exceeds 10% of its admitted assets.

j.

The Company does not have any impaired investments in a subsidiary, controlled or affiliated entity.

11. Debt NONE 12. Retirement Plans, Deferred Compensation, Post-Employment Benefits and Compensated Absences and Other Post-Retirement Benefit Plans a.

Retirement plans and deferred compensation plans are included in the financial statements of Hartford Fire Insurance Company (an affiliated insurer). Certain postretirement medical, dental, and life benefit plan related assets and liabilities are included in the financials of Hartford Risk Management Inc., which is a subsidiary of Hartford Underwriters Insurance Company.

b.

Substantially all employees of the Company are eligible to participate in The Hartford’s Investment and Savings Plan. Under this plan, designated contributions, which may be invested in Class A Common Stock of Hartford Life or certain other investments, are matched, up to 3% of compensation, by the Company.

c.

NONE

d.

NONE

e.

NONE

13. Capital and Surplus, Shareholders’ Dividend Restrictions and Quasi-Reorganizations (1)

The Company has 15,000 shares of capital stock authorized and 12,500 shares of capital stock issued and outstanding as of December 31, 2002. The par value of the stock is $200.

(2)

The Company has no preferred stock authorized or outstanding.

(3)

The maximum amount of dividends which can be paid by State of Connecticut insurance companies to shareholders is restricted to the greater of 10% of surplus as of the preceding December 31st or the net gain from operations for the previous year. Dividends are not cumulative. Dividends are paid as determined by the Board of Directors. No dividends were paid in 2002 and 2001.

(4)

The total amount of statutory dividends which may be paid by the Company in 2003, without prior regulatory approval, is estimated to be $3,572,516.

(5)

No restrictions have been placed on the unassigned funds of the Company.

(6)

NONE

19.5

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

NOTES TO FINANCIAL STATEMENTS (7)

There is no stock being held by the Company at present for special purposes.

(8)

NONE

(9)

The portion of unassigned funds (surplus) represented or reduced by each item is as follows: a. b. c. d. e.

Unrealized gains and losses Nonadmitted asset values Separate account business Asset valuation reserves Reinsurance in unauthorized companies

$0 $(8,981,309) $0 $(6,250) $0

(10) NONE (11) NONE (12) NONE 14. Contingencies a.

NONE

b.

Under insurance guaranty fund laws in each state, the District of Columbia and Puerto Rico, insurers licensed to do business can be assessed by state insurance guaranty associations for certain obligations of insolvent insurance companies to policyholders and claimants. Part of the assessments paid by the Company pursuant to these laws may be used as credits for a portion of the associated premium taxes. The Company paid guaranty fund assessments of approximately $15,224 and $6,807 in 2002 and 2001, respectively, of which $12,022 and $3,597 in 2002 and 2001, respectively were estimated to be creditable against premium taxes.

c.

NONE

d.

Hartford Life is involved or may become involved in various legal actions, in the normal course of its business, in which claims for alleged economic and punitive damages have been or may be asserted. Some of the pending litigation has been filed as purported class actions and some actions have been filed in certain jurisdictions that permit punitive damage awards that are disproportionate to the actual damages incurred. Although there can be no assurances, at the present time, the Company does not anticipate that the ultimate liability arising from potential, pending or threatened legal actions, after consideration of provisions made for estimated losses and costs of defense, will have a material adverse effect on the financial condition or operating results of the Company.

15. Leases a.

The Company has no material lease commitments. The Company reimburses its ultimate parent, Hartford Fire Insurance Company, for rent of its Home Office Facility.

b.

NONE

16. Information About Financial Instruments with Off-Balance Sheet Risk and Financial Instruments with Concentrations of Credit Risk a.

The Company is not exposed to any significant credit concentration risk of a single issuer. Bonds have off-balance sheet risk. For trade terms and other detailed information, see Schedule D. Additionally, bond statement value, market value and unrealized gains and losses are aggregated in Schedule DM.

17. Sale, Transfer and Servicing of Financial Assets and Extinguishments of Liabilities a.

The Company did not have any transfers of receivables reported as sales.

b.

The Company had no wash sales.

18. Gain or Loss to the Reporting Entity from Uninsured A&H Plans and the Uninsured Portion of Partially Insured Plans NONE 19. Direct Premiums Written by Managing General Agents / Third Party Administrators NONE

19.6

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

NOTES TO FINANCIAL STATEMENTS 20. Other Items a.

The Company did not have any extraordinary items during the reporting period.

b.

The Company did not have any troubled debt restructurings during the reporting period.

c.

No other disclosures necessary.

d.

No non-cash transactions

21. Events Subsequent NONE 22. Reinsurance a.

Ceded reinsurance report Section 1 - General Interrogatories (1) There are no insurers listed in Schedule S as non-affiliated, owned in excess of 10% or controlled, either directly or indirectly, by the Company or by any representative, officer, trustee, or director of the Company. (2) No policies issued by the Company have been reinsured with a company chartered in a country other than the United States (excluding U.S. Branches of such companies) which is owned in excess of 10% or controlled directly or indirectly by an insured, a beneficiary, a creditor of an insured or any other person not primarily engaged in the insurance business. Section 2 - Ceded Reinsurance Report - Part A (1) The Company has no reinsurance agreements in effect under which the reinsurer may unilaterally cancel any reinsurance for reasons other than for nonpayment of premium or other similar credits. a.

NONE

b.

NONE

(2) The Company has no reinsurance agreements in effect such that the amount of losses paid or accrued through the statement date may result in a payment to the reinsurer of amounts that, in aggregate and allowing for offset of mutual credits from other reinsurance agreements with the same reinsurer, exceed the total direct premium collected under the reinsured policies. Section 3 - Ceded Reinsurance Report - Part B (1) The estimated amount of the aggregate reduction in surplus, for agreements not reflected in Section 2 above, of termination of all reinsurance agreements, by either party, as of the date of this statement is zero. (2) There have been no new agreements executed or existing agreements amended, since January 1 of the year of this statement, to include policies or contracts, which were in-force or which had existing reserves established by the Company as of the effective date of the agreement. b.

Uncollectible Reinsurance The Company did not write off any uncollectible reinsurance during the year.

c.

Commutation of Ceded Reinsurance The Company has not commuted any ceded reinsurance during the year.

23. Retrospectively Rated Contracts NONE 24. Change in Incurred Losses and Loss Adjustment Expenses NONE 25. Intercompany Pooling Arrangements NONE

19.7

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

NOTES TO FINANCIAL STATEMENTS 26. Reserves for Life Contracts and Deposit-Type Contracts a.

NONE

b.

NONE

c.

NONE

d.

For certain interest sensitive products, basic data is used to determine Tabular Interest and Tabular Cost for Page 7. For other products, Tabular Interest, Tabular less Actual Reserve Released, and Tabular Cost (Page 7) have been determined by formula as described in the instructions for Page 7.

e.

NONE

f.

NONE

27. Variable Annuities with Guaranteed Living Benefits NONE 28. Analysis of Annuity Actuarial Reserves and Deposit Liabilities by Withdrawal Characteristics Amount 1. Subject to discretionary withdrawal: 1.1 – with market value adjustment 1.2 – at book value less current surrender charge of 5% or more 1.3 – at market value 1.4 – Total with adjustment or at market value 1.5 – at book value without adjustment (minimal or no charge or adjustment) 2. Not subject to discretionary withdrawal 3. Total (Gross) 4. Reinsurance Ceded 5. Total (Net) (3)-(4)

$

Reconciliation of total annuity actuarial reserves and deposit fund liabilities: Life and Accident & Health Annual Statement: 6. Exhibit 5, Annuities Section, Total (net) 7. Exhibit 5, Supplementary Contract Section, Total (net) 8. Exhibit 7 9. Subtotal Separate Account Annual Statement 10. Exhibit 6, Column 2, Line 0299999 11. Exhibit 6, Column 2, Line 0399999 12. Page 3, Line 3 13. Subtotal 14. Combined Total

112,711,678 0 39,560,967 152,272,644 18,191,382 17,258,065 187,722,092 142,064,712 45,657,380

2,368,513 0 5,715,098

$

29. Premium and Annuity Considerations Deferred and Uncollected NONE

19.8

39,942,282 0 0 39,942,282 45,657,380

% of Total 60.04% 0.00% 21.07% 81.12% 9.69% 9.19% 100.00% N/A N/A

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

NOTES TO FINANCIAL STATEMENTS 30. Separate Accounts a.

General Nature and Characteristics of Separate Accounts Business Separate accounts held by the Company represent funds for nonguaranteed individual and group variable annuity and variable life contracts, group pension contracts and modified guaranteed contracts. The assets of these accounts are carried at market value.

Indexed 1. Premiums considerations or deposits for the year ended 2002 2. Reserves @ year end I. For accounts with assets at: a. Market value b. Amortized cost c. Total reserves II. By withdrawal characteristics: a. Subject to discretionary withdrawal b. With MVA c. @ BV without MV adjustment and with surrender charge 5% or more d. @ market value e. @ BV without MV adjustment and with surrender charge less than 5% f. Subtotal g. Not subject to discretionary withdrawal h. Total

b.

Nonindexed Guaranteed Less Than or Equal to 4%

5,869

Nonindexed Guaranteed More Than 4%

Nonguaranteed Separate Accounts

779,746

779,746

39,942,282

39,942,282

39,942,282

39,942,282

345,320

5,869

345,320

5,869

345,320

Total

351,190

39,560,967

39,560,967

39,560,967 30,125 39,591,092

39,912,156 30,125 39,942,282

Reconciliation of Net Transfers to (from) Separate Accounts:

1. Transfers as reported in the summary of operations of the Separate Account Statement a. Transfer to Separate Accounts (Page 4, Line 1.4) b. Transfer from Separate Accounts (Page 4, Line 10) c. Net Transfer to/(from) Separate Accounts (a) - (b) 2. Reconciling Adjustments: a. Internal Exchanges & Other Separate Account Activity 3. Transfers as reported in the summary of operations of the Life, Accident & Health Annual Statement (1c) + (2) = (Page 4, Line 26)

19.9

$

779,747 9,120,248 (8,340,501) 622,652

$

(7,717,849)

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

SUMMARY INVESTMENT SCHEDULE

Gross Investment Holdings 1 2 Amount Percentage

Investment Categories 1.

Admitted Assets as Reported in the Annual Statement 3 4 Amount Percentage

Bonds: 1.1

U.S. treasury securities....................................................................................................................................... ..........35,325,421 ...............93.7 ..........35,325,421 ...............93.7

1.2

U.S. government agency and corporate obligations (excluding mortgage-backed securities): 1.21 Issued by U.S. government agencies........................................................................................................ ............................. .................0.0 ............................. .................0.0 1.22 Issued by U.S. government sponsored agencies...................................................................................... ............................. .................0.0 ............................. .................0.0

1.3

Foreign government (including Canada, excluding mortgage-backed securities)............................................... ............................. .................0.0 ............................. .................0.0

1.4

Securities issued by states, territories and possessions and political subdivisions in the U.S.: 1.41 States, territories and possessions general obligations............................................................................ ............................. .................0.0 ............................. .................0.0 1.42 Political subdivisions of states, territories & possessions & political subdivisions general obligations...... ............................. .................0.0 ............................. .................0.0 1.43 Revenue and assessment obligations....................................................................................................... ............................. .................0.0 ............................. .................0.0 1.44 Industrial development and similar obligations.......................................................................................... ............................. .................0.0 ............................. .................0.0

1.5

Mortgage-backed securities (includes residential and commercial MBS): 1.51 Pass-through securities: 1.511 Guaranteed by GNMA.................................................................................................................... ............................. .................0.0 ............................. .................0.0 1.512 Issued by FNMA and FHLMC......................................................................................................... ............................. .................0.0 ............................. .................0.0 1.513 Privately issued.............................................................................................................................. ............................. .................0.0 ............................. .................0.0 1.52 CMOs and REMICs: 1.521 Issued by FNMA and FHLMC......................................................................................................... ............................. .................0.0 ............................. .................0.0 1.522 Privately issued and collateralized by MBS issued or guaranteed by GNMA, FNMA or FHLMC................................................................................................................ ............................. .................0.0 ............................. .................0.0 1.523 All other privately issued................................................................................................................. ............................. .................0.0 ............................. .................0.0

2.

Other debt and other fixed income securities (excluding short-term): 2.1

3.

Unaffiliated domestic securities (includes credit tenant loans rated by the SVO)............................................... ............................. .................0.0 ............................. .................0.0

2.2

Unaffiliated foreign securities.............................................................................................................................. ............................. .................0.0 ............................. .................0.0

2.3

Affiliated securities............................................................................................................................................... ............................. .................0.0 ............................. .................0.0

Equity interests: 3.1

Investments in mutual funds................................................................................................................................ ............................. .................0.0 ............................. .................0.0

3.2

Preferred stocks: 3.21 Affiliated..................................................................................................................................................... ............................. .................0.0 ............................. .................0.0 3.22 Unaffiliated................................................................................................................................................. ............................. .................0.0 ............................. .................0.0

3.3

Publicly traded equity securities (excluding preferred stocks): 3.31 Affiliated..................................................................................................................................................... ............................. .................0.0 ............................. .................0.0 3.32 Unaffiliated................................................................................................................................................. ............................. .................0.0 ............................. .................0.0

3.4

Other equity securities: 3.41 Affiliated..................................................................................................................................................... .................25,000 .................0.1 .................25,000 .................0.1 3.42 Unaffiliated................................................................................................................................................. ............................. .................0.0 ............................. .................0.0

3.5

Other equity interests including tangible personal property under lease: 3.51 Affiliated..................................................................................................................................................... ............................. .................0.0 ............................. .................0.0 3.52 Unaffiliated................................................................................................................................................. ............................. .................0.0 ............................. .................0.0

4.

5.

Mortgage loans: 4.1

Construction and land development.................................................................................................................... ............................. .................0.0 ............................. .................0.0

4.2

Agricultural........................................................................................................................................................... ............................. .................0.0 ............................. .................0.0

4.3

Single family residential properties...................................................................................................................... ............................. .................0.0 ............................. .................0.0

4.4

Multifamily residential properties......................................................................................................................... ............................. .................0.0 ............................. .................0.0

4.5

Commercial loans................................................................................................................................................ ............................. .................0.0 ............................. .................0.0

Real estate investments: 5.1

Property occupied by company........................................................................................................................... ............................. .................0.0 ............................. .................0.0

5.2

Property held for production of income (includes $..........0 of property acquired in satisfaction of debt)............ ............................. .................0.0 ............................. .................0.0

5.3

Property held for sale ($.........0 including property acquired in satisfaction of debt)........................................... ............................. .................0.0 ............................. .................0.0

6.

Policy loans................................................................................................................................................................... ............................. .................0.0 ............................. .................0.0

7.

Receivables for securities.............................................................................................................................................. ............................. .................0.0 ............................. .................0.0

8.

Cash and short-term investments.................................................................................................................................. ............2,335,738 .................6.2 ............2,335,738 .................6.2

9.

Other invested assets.................................................................................................................................................... ............................. .................0.0 ............................. .................0.0

10. Total invested assets..................................................................................................................................................... ..........37,686,159 .............100.0 ..........37,686,159 .............100.0

20

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

GENERAL INTERROGATORIES PART 1 - COMMON INTERROGATORIES GENERAL 1.1

1.2

Is the reporting entity a member of an Insurance Holding Company System consisting of two or more affiliated persons, one or more of which is an insurer? If yes, did the reporting entity register and file with its domiciliary State Insurance Commissioner, Director or Superintendent or with such regulatory official of the state of domicile of the principal insurer in the Holding Company System, a registration statement providing disclosure substantially similar to the standards adopted by the National Association of Insurance Commissioners (NAIC) in its Model Insurance Holding Company System Regulatory Act and model regulations pertaining thereto, or is the reporting entity subject to standards and disclosure requirements substantially similar to those required by such Act and regulations?

1.3

State regulating?

2.1

Has any change been made during the year of this statement in the charter, by-laws, articles of incorporation, or deed of settlement of the reporting entity?

Yes [ X ]

Yes [ X ]

No [ ]

No [ ]

N/A [ ]

Yes [ ]

No [ X ]

Connecticut

2.2

If yes, date of change: If not previously filed, furnish herewith a certified copy of the instrument as amended.

3.1

State as of what date the latest financial examination of the reporting entity was made or is being made.

12/31/2002

3.2

State the as of date that the latest financial examination report became available from either the state of domicile or the reporting entity. This date should be the date of the examined balance sheet and not the date the report was completed or released.

12/31/1997

State as of what date the latest financial examination report became available to other states or the public from either the state of domicile or the reporting entity. This is the release date or completion date of the examination report and not the date of the examination (balance sheet date).

03/25/1999

3.3

3.4

By what department or departments?

Connecticut State Insurance Department

4.1

During the period covered by this statement, did any agent, broker, sales representative, non-affiliated sales/service organization or any combination thereof under a common control (other than salaried employees of the reporting entity) receive credit or commissions for or control a substantial part (more than 20 percent of any major line of business measured on direct premiums) of: 4.11 sales of new business?

Yes [ ]

No [ X ]

4.12 renewals?

Yes [ ]

No [ X ]

4.21 sales of new business?

Yes [ ]

No [ X ]

4.22 renewals?

Yes [ ]

No [ X ]

5.1

Has the reporting entity been a party to a merger or consolidation during the period covered by this statement?

Yes [ ]

No [ X ]

5.2

If yes, provide the name of the entity, NAIC company code, and state of domicile (use two letter state abbreviation) for any entity that has ceased to exist as a result of the merger or consolidation. 1 2 3 Name of Entity NAIC Company Code State of Domicile

6.1

Has the reporting entity had any Certificates of Authority, licenses or registrations (including corporate registration, if applicable) suspended or revoked by any governmental entity during the reporting period? (You need not report an action, either formal or informal, if a confidentiality clause is part of the agreement.)

Yes [ ]

No [ X ]

Yes [ ]

No [ X ]

4.2

During the period covered by this statement, did any sales/service organization owned in whole or in part by the reporting entity or an affiliate, receive credit or commissions for or control a substantial part (more than 20 percent of any major line of business measured on direct premiums) of:

6.2

If yes, give full information:

7.1

Does any foreign (non-United States) person or entity directly or indirectly control 10% or more of the reporting entity?

7.2

If yes, 7.21 State the percentage of foreign control.

...........................0.000 %

7.22 State the nationality(ies) of the foreign person(s) or entity(ies); or if the entity is a mutual or reciprocal, the nationality of its manager or attorney-in-fact and identify the type of entity(ies) (e.g., individual, corporation, government, manager or attorney-in-fact) 1 2 Nationality Type of Entity

21

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

GENERAL INTERROGATORIES (continued) 8.

What is the name and address of the independent certified public accountant or accounting firm retained to conduct the annual audit? Deloitte and Touche, LLP City Place I, 185 Asylum St - 33rd floor, Hartford, CT 06103

9.

What is the name, address and affiliation (officer/employee of the reporting entity or actuary/consultant associated with a(n) actuarial consulting firm) of the individual providing the statement of actuarial opinion/certification? Thomas A. Campbell, FSA, Vice President and Corporate Actuary, 200 Hopmeadow St, Simsbury, CT 06032

10.

FOR UNITED STATES BRANCHES OF ALIEN REPORTING ENTITIES ONLY:

10.1 What changes have been made during the year in the United States manager or the United States trustees of the reporting entity?

10.2 Does this statement contain all business transacted for the reporting entity through its United States Branch on risks wherever located?

Yes [ ]

No [ ]

10.3 Have there been any changes made to any of the trust indentures during the year?

Yes [ ]

No [ ]

No [ ]

N/A [ ]

11. Is the purchase or sale of all investments of the reporting entity passed upon either by the Board of Directors or a subordinate committee thereof?

Yes [ X ]

No [ ]

12. Does the reporting entity keep a complete permanent record of the proceedings of its Board of Directors and all subordinate committees thereof?

Yes [ X ]

No [ ]

13. Has the reporting entity an established procedure for disclosure to its Board of Directors or trustees of any material interest or affiliation on the part of any of its officers, directors, trustees or responsible employees which is in or is likely to conflict with the official duties of such person?

Yes [ X ]

No [ ]

10.4 If answer to (10.3) is yes, has the domiciliary or entry state approved the changes?

Yes [ ]

BOARD OF DIRECTORS

FINANCIAL 14.1 Total amount loaned during the year (inclusive of Separate Accounts, exclusive of policy loans): 14.11 To directors or other officers

$....................................0

14.12 To stockholders not officers

$....................................0

14.13 Trustees, supreme or grand (Fraternal only)

$....................................0

14.2 Total amount of loans outstanding at the end of year (inclusive of Separate Accounts, exclusive of policy loans): 14.21 To directors or other officers

$....................................0

14.22 To stockholders not officers

$....................................0

14.23 Trustees, supreme or grand (Fraternal only)

$....................................0

15.1 Were any assets reported in this statement subject to a contractual obligation to transfer to another party without the liability for such obligation being reported in the statement?

Yes [ ]

No [ X ]

15.2 If yes, state the amount thereof at December 31 of the current year: 15.21 Rented from others

$....................................0

15.22 Borrowed from others

$....................................0

15.23 Leased from others

$....................................0

15.24 Other

$....................................0

Disclose in the Notes to Financial the nature of each obligation. 16.1 Does this statement include payments for assessments as described in the Annual Statement Instructions other than guaranty fund or guaranty association assessments?

Yes [ ]

No [ X ]

16.2 If answer is yes: 16.21 Amount paid as losses or risk adjustment

$....................................0

16.22 Amount paid as expenses

$....................................0

16.23 Other amounts paid

$....................................0

22

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

GENERAL INTERROGATORIES (continued) INVESTMENT 17. List the following capital stock information for the reporting entity: 1 2 3 4 5 6 Number of Shares Number of Shares Par Value Redemption Price Is Dividend Are Dividends Class Authorized Outstanding Per Share If Callable Rate Limited? Cumulative? Preferred.......................... ..................................... ..................................... ..................................... ..................................... ...Yes [ ].........No [ ]............... ...Yes [ ].........No [ ]..... Common.......................... .................15,000.000 .................12,500.000 ........................200.00 ............XXX................. .........XXX..............XXX.............. ........XXX.............XXX...... 18.1 Were all the stocks, bonds and other securities owned December 31 of current year, over which the reporting entity has exclusive control, in the actual possession of the reporting entity on said date, except as shown by Schedule E-Part 2-Special Deposits?

Yes [ ]

No [ X ]

Yes [ ]

No [ X ]

18.2 If no, give full and complete information relating thereto. Certain bonds, stocks and short-term securities are held on our behalf, subject to our full control at custodial banks

19.1 Were any of the stocks, bonds or other assets of the reporting entity owned at December 31 of the current year not exclusively under the control of the reporting entity, except as shown on Schedule E-Part 2-Special Deposits, or has the reporting entity sold or transferred any assets subject to a put option contract that is currently in force? (Exclude securities subject to Interrogatory 15.1) 19.2 If yes, state the amount thereof at December 31 of the current year: 19.21 Loaned to others 19.22 Subject to repurchase agreements 19.23 Subject to reverse repurchase agreements 19.24 Subject to dollar repurchase agreements 19.25 Subject to reverse dollar repurchase agreements 19.26 Pledged as collateral 19.27 Placed under option agreements 19.28 Letter stock or securities restricted as to sale 19.29 Other

$....................................0 $....................................0 $....................................0 $....................................0 $....................................0 $....................................0 $....................................0 $....................................0 $....................................0

19.3 For each category above, if any of these assets are held by others, identify by whom held: 19.31 19.32 19.33 19.34 19.35 19.36 19.37 19.38 19.39 For categories (19.21) and (19.23) above, and for any securities that were made available for use by another person during the period covered by this statement, attach a schedule as shown in the instructions to the annual statement. 19.4 For category (19.28) provide the following: 1 Nature of Restriction

2 Description

3 Amount

20.1 Does the reporting entity have any hedging transactions reported on Schedule DB? 20.2 If yes, has a comprehensive description of the hedging program been made available to the domiciliary state? If no, attach a description with this statement. 21.1 Were any preferred stocks or bonds owned as of December 31 of the current year mandatorily convertible into equity, or, at the option of the issuer, convertible into equity? 21.2 If yes, state the amount thereof at December 31 of the current year: 22.

Yes [ ]

Yes [ ]

No [ X ]

No [ ]

N/A [ X ]

Yes [ ]

No [ X ]

$....................................0

Excluding items in Schedule E, real estate, mortgage loans and investments held physically in the reporting entity's offices, vaults or safety deposit boxes, were all stocks, bonds and other securities, owned throughout the current year held pursuant to a custodial agreement with a qualified bank or trust company in accordance with Part 1-General, Section IV.H-Custodial or Safekeeping Agreements of the NAIC Financial Condition Examiners Handbook? 22.01 For agreements that comply with the requirements of the NAIC Financial Condition Examiners Handbook, complete the following: 1 2 Name of Custodian(s) Custodian's Address JP Morgan/Chase Bank 4 Chase MetroTech Center 18th Floor, Brooklyn, NY 11245

23

Yes [ X ]

No [ ]

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

GENERAL INTERROGATORIES (continued) INVESTMENT 22.02 For all agreements that do not comply with the requirements of the NAIC Financial Condition Examiners Handbook, provide the name, location and a complete explanation: 1 2 Name(s) Location(s)

3 Complete Explanation(s)

22.03 Have there been any changes, including name changes, in the custodian(s) identified in 22.01 during the current year? 22.04 If yes, give full and complete information relating thereto: 1 Old Custodian

2 New Custodian

Yes [ ]

3 Date of Change

No [ X ]

4 Reason

22.05 Identify all investment advisors, brokers/dealers or individuals acting on behalf of broker/dealers that have access to the investment accounts, handle securities and have authority to make investments on behalf of the reporting entity: 1 2 Central Registration Depository Number(s) Name

3 Address

OTHER 23.1 Amount of payments to Trade Associations, Service Organizations and Statistical or Rating Bureaus, if any? 23.2 List the name of the organization and the amount paid if any such payment represented 25% or more of the total payments to Trade Associations, Service Organizations and Statistical or Rating Bureaus during the period covered by this statement. 1 Name

$....................................0

2 Amount Paid

24.1 Amount of payments for legal expenses, if any?

$...........................39,150

24.2 List the name of the firm and the amount paid if any such payment represented 25% or more of the total payments for legal expenses during the period covered by this statement. 1 Name Shipman & Goodwin Counselors at Law

2 Amount Paid 39,003

25.1 Amount of payments for expenditures in connection with matters before legislative bodies, officers or departments of government, if any? 25.2 List the name of the firm and the amount paid if any such payment represented 25% or more of the total payment expenditures in connection with matters before legislative bodies, officers or departments of government during the period covered by this statement. 1 Name

24

$....................................0

2 Amount Paid

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

GENERAL INTERROGATORIES (continued) PART 2 - LIFE INTERROGATORIES 1.1 1.2

Does the reporting entity have any direct Medicare Supplement Insurance in force? If yes, indicate premium earned on U.S. business only

Yes [ ] No [ X ] $....................................0

1.3

What portion of Item (1.2) is not reported on the Medicare Supplement Insurance Experience Exhibit? 1.31 Reason for excluding

$....................................0

1.4

Indicate amount of earned premium attributable to Canadian and/or Other Alien not included in Item (1.2) above.

$....................................0

1.5 1.6

Indicate total incurred claims on all Medicare Supplement insurance. Individual policies: Most current three years: 1.61 Total premium earned 1.62 Total incurred claims 1.63 Number of covered lives All years prior to most current three years: 1.64 Total premium earned 1.65 Total incurred claims 1.66 Number of covered lives Group policies: Most current three years: 1.71 Total premium earned 1.72 Total incurred claims 1.73 Number of covered lives All years prior to most current three years: 1.74 Total premium earned 1.75 Total incurred claims 1.76 Number of covered lives Does this reporting entity have Separate Accounts?

$....................................0

1.7

2.1 2.2 2.3 2.4

2.5 2.6 3.1

3.2

4.1 4.2

5. 6.

7.1

7.2

$....................................0 $....................................0 ......................................0 $....................................0 $....................................0 ......................................0

$....................................0 $....................................0 ......................................0 $....................................0 $....................................0 ......................................0 Yes [ ] No [ X ]

If yes, has a Separate Accounts statement been filed with this Department? What portion of capital and surplus funds of the reporting entity covered by assets in the Separate Accounts statement, is not currently distributable from the Separate Accounts to the general account for use by the general account? State the authority under which Separate Accounts are maintained: Connecticut General Statutes, Sections 33a-433 and 33a-459

Yes [ ]

No [ ]

N/A [ X ]

$...........................27,296

Was any of the reporting entity's Separate Accounts business reinsured as of December 31? Has the reporting entity assumed by reinsurance any Separate Accounts business as of December 31? Are personnel or facilities of this reporting entity used by another entity or entities or are personnel or facilities of another entity or entities used by this reporting entity (except for activities such as administration of jointly underwritten group contracts and joint mortality or morbidity studies)? Net reimbursement of such expenses between reporting entities: 3.21 Paid

$....................................0

3.22 Received

$....................................0

Does the reporting entity write any guaranteed interest contracts? If yes, what amount pertaining to these items is included in: 4.21 Page 3, Line 3

Yes [ X ] Yes [ ]

No [ ] No [ X ]

Yes [ ]

No [ X ]

Yes [ ]

No [ X ]

$....................................0

4.22 Page 4, Line 1 For stock reporting entities only: 5.1 Total amount paid in by stockholders as surplus funds since organization of the reporting entity: Total dividends paid stockholders, since organization of the reporting entity: 6.11 Cash 6.12 Stock Does the reporting entity own any securities of a real estate holding company or otherwise hold real estate indirectly? 7.11 Name of real estate holding company

$....................................0 $....................57,500,000 $....................................0 $....................................0 Yes [ ]

No [ X ]

7.12 Number of parcels involved

......................................0

7.13 Total book/adjusted carrying value If yes, provide explanation

$....................................0

25

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

GENERAL INTERROGATORIES (continued) PART 2 - LIFE INTERROGATORIES (continued) 8.1

Does the company reinsure any Workers' Compensation Carve-Out business defined as: Workers' compensation carve-out business is defined as reinsurance (including retrocessional reinsurance) assumed by life and health insurers of medical, wage loss and death benefits of the occupational illness and accident exposures, but not the employers liability exposures, of business originally written as workers' compensation insurance.

Yes [ ]

No [ X ]

8.2

If yes, has the reporting entity completed the Workers' Compensation Carve-Out Supplement to the Annual Statement?

Yes [ ]

No [ ]

8.3

If 8.1 is yes, the amounts of earned premiums and claims incurred in this statement are: 1 Reinsurance Assumed

2 Reinsurance Ceded

3 Net Retained

8.31 Earned premium....................................................................................................... $...............................0 $...............................0 $....................................0 8.32

8.4

8.5

Paid claims............................................................................................................... $...............................0 $...............................0 $....................................0

8.33

Claim liability and reserve (beginning of year)......................................................... $...............................0 $...............................0 $....................................0

8.34

Claim liability and reserve (end of year)................................................................... $...............................0 $...............................0 $....................................0

8.35 Incurred claims......................................................................................................... $...............................0 $...............................0 $....................................0 If reinsurance assumed included amounts with attachment points below $1,000,000, the distribution of the amounts reported in Lines 8.31 and 8.34 for Column (1) are: 1 2 Earned Claim Liability Attachment Point Premium and Reserve 8.41

< $25,000....................................................................................................................................................... $...............................0 $....................................0

8.42

$25,000 -- 99,999........................................................................................................................................... $...............................0 $....................................0

8.43

$100,000 -- 249,999....................................................................................................................................... $...............................0 $....................................0

8.44

$250,000 -- 999,999....................................................................................................................................... $...............................0 $....................................0

8.45

$1,000,000 or more........................................................................................................................................ $...............................0 $....................................0

What portion of earned premium reported in 8.31, Column 1 was assumed from pools?

$....................................0

26

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

FIVE YEAR HISTORICAL DATA Show amounts in whole dollars only, no cents; show percentages to one decimal place, i.e., 17.6. Show amounts of life insurance in this exhibit in thousands (omit $000) 1 2002

2 2001

3 2000

4 1999

5 1998

Life Insurance in Force (Exhibit of Life Insurance) 1.

Ordinary - whole life and endowment (Line 34, Col. 4).......................................................... ............................. ............................. ............................. ............................. .............................

2.

Ordinary - term (Line 21, Col. 4, less Line 34, Col. 4)............................................................. ............................. ............................. ............................. ............................. .............................

3.

Credit life (Line 21, Col. 6)...................................................................................................... ............................. ............................. ............................. ............................. .............................

4.

Group, excluding FEGLI/SGLI (Line 21, Col. 9 less Lines 43 & 44, Col. 4)............................ ............................. ............................. ............................. ............................. .............................

5.

Industrial (Line 21, Col. 2)...................................................................................................... ............................. ............................. ............................. ............................. .............................

6.

FEGLI/SGLI (Lines 43 & 44, Col. 4)....................................................................................... ............................. ............................. ............................. ............................. .............................

7.

Total (Line 21, Col. 10)........................................................................................................... ..........................0 ..........................0 ..........................0 ..........................0 ..........................0 New Business Issued (Exhibit of Life Insurance)

8.

Ordinary - whole life and endowment (Line 34, Col. 2)........................................................... ............................. ............................. ............................. ............................. .............................

9.

Ordinary - term (Line 2, Col. 4, less Line 34, Col. 2)............................................................... ............................. ............................. ............................. ............................. .............................

10. Credit life (Line 2, Col. 6)........................................................................................................ ............................. ............................. ............................. ............................. ............................. 11. Group (Line 2, Col. 9).............................................................................................................. ............................. ............................. ............................. ............................. ............................. 12. Industrial (Line 2, Col. 2)......................................................................................................... ............................. ............................. ............................. ............................. ............................. 13. Total (Line 2, Col. 10).............................................................................................................. ..........................0 ..........................0 ..........................0 ..........................0 ..........................0 Premium Income - Lines of Business 14. Industrial life (Exhibit 1-Part 1, Line 20.4, Col. 2).................................................................... ............................. ............................. ............................. ............................. ............................. 15.1 Ordinary life insurance (Exhibit 1-Part 1, Line 20.4, Col.. 3)................................................... ............................. ............................. ............................. ............................. ............................. 15.2 Ordinary individual annuities (Exhibit 1-Part 1, Line 20.4, Col. 4)........................................... ............................. ...........(2,454,087) ............................. ...............103,477 ...............101,713 16. Credit life (group and individual) (Exhibit 1-Part 1, Line 20.4, Col. 5)..................................... ............................. ............................. ............................. ............................. ............................. 17.1 Group life insurance (Exhibit 1-Part 1, Line 20.4, Col. 6)........................................................ ............................. ............................. ............................. ............................. ............................. 17.2 Group annuities (Exhibit 1-Part 1, Line 20.4, Col. 7)............................................................... ...............189,823 .......(139,726,926) ............1,803,695 ............3,246,295 ............7,451,436 18.1 A&H - group (Exhibit 1-Part 1, Line 20.4, Col. 8).................................................................... ............................. ............................. ............................. ............................. ............................. 18.2 A&H - credit (group and individual) (Exhibit 1-Part 1, Line 20.4, Col. 9)................................. ............................. ............................. ............................. ............................. ............................. 18.3 A&H - other (Exhibit 1-Part 1, Line 20.4, Col. 10)................................................................... ............................. ............................. ............................. ............................. ............................. 19. Aggregate of all other lines of business (Exhibit 1-Part 1, Line 20.4, Col. 11)........................ ............................. ............................. ............................. ............................. ............................. 20. Deposit-type funds.................................................................................................................. .........XXX............. .........XXX............. ............3,464,998 ..........21,106,603 ..........60,609,503 21. Total........................................................................................................................................ ...............189,823 .......(142,181,013) ............5,268,693 ..........24,456,375 ..........68,162,652 Balance Sheet Items (Pages 2 and 3) 22. Total admitted assets excluding Separate Accounts business (Page 2, Line 25, Col. 3)....... ..........38,247,088 ..........37,224,801 ..........65,543,617 ..........62,487,325 ..........64,436,226 23. Total liabilities excluding Separate Accounts business (Page 3, Line 26).............................. ............2,521,929 ............2,157,824 ..........28,985,815 ..........28,360,756 ..........25,333,968 24. Aggregate life reserves (Page 3, Line 1)................................................................................. ............2,377,203 ............1,822,487 ............8,074,658 ............7,457,293 ............6,790,774 25. Aggregate A&H reserves (Page 3, Line 2).............................................................................. ............................. ............................. ............................. ............................. ............................. 26. Deposit-type contract funds (Page 3, Line 3).......................................................................... ............................. ............................. .........XXX............. .........XXX............. .........XXX............. 27. Asset valuation reserve (Page 3, Line 24.1)........................................................................... ...................6,250 .................97,006 ...............769,785 ...............948,309 ...............724,179 28. Capital (Page 3, Lines 29 & 30).............................................................................................. ............2,500,000 ............2,500,000 ............2,500,000 ............2,500,000 ............2,500,000 29. Surplus (Page 3, Line 37)....................................................................................................... ..........33,225,159 ..........32,566,977 ..........34,057,802 ..........31,626,569 ..........36,602,259 Risk-Based Capital Analysis 30. Total adjusted capital.............................................................................................................. ..........35,731,409 ..........35,163,983 ..........37,327,587 ..........35,074,878 ..........39,826,438 31. Authorized control level risk-based capital.............................................................................. ...............607,525 ...............679,773 ............1,133,640 ............1,485,910 ............1,391,966 Percentage Distribution of Assets (Page 2, Col. 3) (Line No. /Page 2, Line 11, Col. 3) x 100.0 32. Bonds (Line 1)......................................................................................................................... .....................93.7 .....................17.7 .....................24.2 .....................34.8 .....................28.5 33. Stocks (Lines 2.1 and 2.2)...................................................................................................... .......................0.1 .......................0.1 .......................0.0 ............................. .......................0.0 34. Mortgage loans on real estate (Lines 3.1 and 3.2).................................................................. ............................. ............................. ............................. ............................. ............................. 35. Real estate (Line 4.1, 4.2 and 4.3).......................................................................................... ............................. ............................. ............................. ............................. ............................. 36. Policy loans (Line 5)................................................................................................................ ............................. ............................. ............................. ............................. ............................. 37. Premium notes (Line 6)........................................................................................................... ............................. ............................. ............................. ............................. ............................. 38. Cash and short-term investments (Line 7).............................................................................. .......................6.2 .....................82.2 .....................75.8 .....................65.1 .....................71.5 39. Other invested assets (Line 8)................................................................................................ ............................. ............................. ............................. ............................. ............................. 40. Receivable for securities (Line 9)............................................................................................ ............................. ............................. ............................. ............................. ............................. 41. Aggregate write-ins for invested assets (Line 10)................................................................... ............................. ............................. ............................. ............................. ............................. 42. Cash and invested assets (Line 11)........................................................................................ ...................100.0 ...................100.0 ...................100.0 .....................99.9 ...................100.0

27

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

FIVE YEAR HISTORICAL DATA (continued) 1 2002

2 2001

3 2000

4 1999

5 1998

Investments in Parent, Subsidiaries and Affiliates 43. Affiliated bonds (Sch. D Summary, Line 25 Col. 1)................................................................. ............................. ............................. ............................. ............................. ............................. 44. Affiliated preferred stocks (Sch. D Summary, Line 39 Col. 1)................................................. ............................. ............................. ............................. ............................. ............................. 45. Affiliated common stocks (Sch. D Summary, Line 53 Col. 2).................................................. .................25,000 .................25,000 .................25,000 .................25,000 .................25,000 46. Affiliated short-term investments (subtotal included in Schedule DA, Part 2 Col. 5, Line 11). ............................. ............................. ............................. ............................. ............................. 47. Affiliated mortgage loans on real estate ................................................................................. ............................. ............................. ............................. ............................. ............................. 48. All other affiliated..................................................................................................................... ............................. ............................. ............................. ............................. ............................. 49. Total of above Lines 43 to 48.................................................................................................. .................25,000 .................25,000 .................25,000 .................25,000 .................25,000 Total Nonadmitted and Admitted Assets 50. Total nonadmitted assets (Page 2, Line 27, Col. 2)................................................................ ............8,903,453 ............8,972,014 ............................. ............................. ............................. 51. Total admitted assets (Page 2, Line 27, Col. 3)...................................................................... ..........78,430,646 ..........93,964,251 ........251,072,310 ........259,458,847 ........239,741,091 Investment Data 52. Net investment income (Exhibit of Net Investment Income)................................................... ............1,095,902 ............1,705,866 ............3,920,308 ............3,351,051 ............3,214,815 53. Realized capital gains (losses)................................................................................................ ............................. ..............(125,169) ................(75,846) ............................. .................13,843 54. Unrealized capital gains (losses)............................................................................................ ............................. ............................. ............................. ............................. ............................. 55. Total of above Lines 52, 53 and 54......................................................................................... ............1,095,902 ............1,580,697 ............3,844,462 ............3,351,051 ............3,228,658 Benefits and Reserve Increase (Page 6) 56. Total contract benefits - life (Lines 10, 11, 12, 13, 14 and 15 Col. 1 less Lines 10, 11, 12, 13, 14 and 15, Cols. 9, 10 & 11)................................................ ...............713,061 ...............716,518 ..........24,462,419 ..........15,450,818 ..........10,357,365 57. Total contract benefits - A&H (Lines 13 & 14, Cols. 9, 10 & 11)............................................. ............................. ............................. ............................. ............................. ............................. 58. Increase in life reserves - other than group and annuities (Line 19, Cols. 2 & 3).............................................................................................................. ............................. ............................. ............................. ............................. ............................. 59. Increase in A&H reserves (Line 19, Cols. 9, 10 & 11)............................................................. ............................. ............................. ............................. ............................. ............................. 60. Dividends to policyholders (Line 30, Col 1)............................................................................. ............................. ............................. ............................. ............................. ............................. Operating Percentages 61. Insurance expense percent (Page 6, Col. 1, Lines 21, 22, & 23 less Line 6)/(Page 6 Col. 1, Line 1 plus group annuity contribution funds) x 100.00............................. .....................36.9 ......................(0.2) ...................107.7 ...................114.5 ...................138.5 62. Lapse percent (ordinary only) (Exhibit of Life Insurance, Col. 4, Lines 14 & 15) x 100.00 / 1/2 (Lines 1 & 21)...................................................................................................... ............................. ............................. ............................. ............................. ............................. 63. A&H loss percent (Schedule H, Part 1, Lines 3 & 4, Col. 2)................................................... ............................. ............................. ............................. ............................. ............................. 64. A&H expense percent (Schedule H, Part 1, Line 8, Col. 2).................................................... ............................. ............................. ............................. ............................. ............................. A&H Claim Reserve Adequacy 65. Incurred losses on prior years' claims - group health (Sch. H, Part 3, Line 3.1, Col. 2).......... ............................. ............................. ............................. ............................. ............................. 66. Prior years' claim liability and reserve - group health (Sch. H, Part 3, Line 3.2, Col. 2).......... ............................. ............................. ............................. ............................. ............................. 67. Incurred losses on prior years' claims - health other than group (Sch. H, Part 3, Line 3.1, Col. 1 less Col. 2)..................................................................................................... ............................. ............................. ............................. ............................. ............................. 68. Prior years' claim liability and reserve - health other than group (Sch. H, Part 3, Line 3.2, Col. 1 less Col. 2)..................................................................................................... ............................. ............................. ............................. ............................. ............................. Net Gains From Operations After Federal Income Taxes by Lines of Business (Page 6, Line 33) 69. Industrial life (Col. 2)............................................................................................................... ............................. ............................. ............................. ............................. ............................. 70. Ordinary - life (Col. 3).............................................................................................................. ............................. ............................. ............................. ............................. ............................. 71. Ordinary - individual annuities (Col. 4).................................................................................... .................56,740 ................(99,422) ..............(103,267) .................70,530 ..............(281,452) 72. Ordinary - supplementary contracts (Col. 5)........................................................................... ............................. ............................. ............................. ............................. ............................. 73. Credit life (Col. 6).................................................................................................................... ............................. ............................. ............................. ............................. ............................. 74. Group life (Col. 7).................................................................................................................... ............................. ............................. ............................. ............................. ............................. 75. Group annuities (Col. 8).......................................................................................................... ...............938,236 ...........(2,413,388) ............2,414,552 ...........(4,822,091) ...........(4,344,375) 76. A&H - group (Col. 9)................................................................................................................ ............................. ............................. ............................. ............................. ............................. 77. A&H - credit (Col. 10).............................................................................................................. ............................. ............................. ............................. ............................. ............................. 78. A&H - other (Col. 11)............................................................................................................... ............................. ............................. ............................. ............................. ............................. 79. Aggregate of all other lines of business (Col. 12)................................................................... ............................. ............................. ............................. ............................. ............................. 80. Total (Col. 1)........................................................................................................................... ...............994,976 ...........(2,512,809) ............2,311,286 ...........(4,751,561) ...........(4,625,827)

28

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

*81213200243058100* DIRECT BUSINESS IN GRAND TOTAL DURING THE YEAR NAIC Group Code.....0091

NAIC Company Code.....81213

LIFE INSURANCE 1

9. 10. 11. 12. 13. 14. 15.

DIRECT PREMIUMS AND ANNUITY CONSIDERATIONS Life insurance............................................................................................. Annuity considerations............................................................................... Deposit-type contract funds........................................................................ Other considerations.................................................................................. Totals (Sum of Lines 1 to 4)....................................................................... DIRECT DIVIDENDS TO POLICYHOLDERS Life insurance: Paid in cash or left on deposit.................................................................... Applied to pay renewal premiums.............................................................. Applied to provide paid-up additions or shorten the endowment or premium-paying period.......................................................................... Other.......................................................................................................... Totals (Sum of Lines 6.1 to 6.4)................................................................. Annuities: Paid in cash or left on deposit.................................................................... Applied to provide paid-up annuities.......................................................... Other.......................................................................................................... Totals (Sum of Lines 7.1 to 7.3)................................................................. Grand Totals (Lines 6.5 + 7.4)................................................................... DIRECT CLAIMS AND BENEFITS PAID Death benefits............................................................................................ Matured endowments................................................................................. Annuity benefits.......................................................................................... Surrender values and withdrawals for life contracts................................... Aggregate write-ins for miscellaneous direct claims and benefits paid...... All other benefits, except accident and health............................................ Totals..........................................................................................................

1301. 1302. 1303. 1398. 1399.

................................................................................................................... ................................................................................................................... ................................................................................................................... Summary of remaining write-ins for Line 13 from overflow page............... Total (Lines 1301 thru 1303 plus 1398)(Line 13 above).............................

1. 2. 3. 4. 5.

6.1 6.2 6.3 6.4 6.5 7.1 7.2 7.3 7.4 8.

Ordinary 1

2

No.

Amount

3

4

5

Ordinary

2 Credit Life (Group and Individual)

Group

Industrial

Total

................................... ................................... ................................... .......................53,500 .......................53,500

................................... ................................... ...............XXX............. ................................... ................................0

................................... .....................879,529 .....................908,107 ..................1,671,028 ..................3,458,664

................................... ................................... ...............XXX............. ................................... ................................0

................................0 .....................879,529 .....................908,107 ..................1,724,528 ..................3,512,164

................................... ................................... ................................... ................................... ................................0 ................................... ................................... ................................... ................................... ................................0 ................................... ................................... ................................... ................................... ................................0 ................................... ................................... ................................... ................................... ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................... ................................... ................................... ................................0 ................................0

................................... ................................... ................................... ................................0 ................................0

................................... ................................... ................................... ................................0 ................................0

................................... ................................... ................................... ................................0 ................................0

................................0 ................................0 ................................0 ................................0 ................................0

................................... ................................... .......................29,889 .....................149,950 ................................0 ................................... .....................179,839

................................... ................................... ................................... ................................... ................................0 ................................... ................................0

................................... ................................... ..................1,608,628 ................20,600,314 .....................852,450 ................................... ................23,061,392

................................... ................................... ................................... ................................... ................................0 ................................... ................................0

................................0 ................................0 ..................1,638,516 ................20,750,264 .....................852,450 ................................0 ................23,241,231

DETAILS OF WRITE-INS ................................... ................................... ................................... ................................... ................................... ................................... ................................0 ................................0 ................................0 ................................0

.....................852,450 ................................... ................................... ................................0 .....................852,450

................................... ................................... ................................... ................................0 ................................0

.....................852,450 ................................0 ................................0 ................................0 .....................852,450

Credit Life (Group and Individual) 3 4 No. of Ind. Pols. & Gr. Certifs. Amount

Group 5

Industrial 6

No. of Certifs.

Amount DIRECT DEATH BENEFITS AND MATURED ENDOWMENTS INCURRED 16. Unpaid December 31, prior year........ ................. ............................ ................. ............................... ................. ............................ 17. Incurred during current year............... ................. ............................ ................. ............................... ................. ............................ Settled during current year: 18.1 By payment in full............................... ................. ............................ ................. ............................... ................. ............................ 18.2 By payment on compromised claims. ................. ............................ ................. ............................... ................. ............................ 18.3 Totals paid......................................... .............0 .........................0 .............0 ...........................0 .............0 .........................0 18.4 Reduction by compromise................. ................. ............................ ................. ............................... ................. ............................ 18.5 Amount rejected................................. ................. ............................ ................. ............................... ................. ............................ 18.6 Total settlements................................ .............0 .........................0 .............0 ...........................0 .............0 .........................0 19. Unpaid Dec. 31, current year (Lines 16 + 17 - 18.6)......................... .............0 .........................0 .............0 ...........................0 .............0 .........................0 POLICY EXHIBIT No. of Pol. 20. In force December 31, prior year....... ................. ............................ ................. (a).......................... ................. ............................ 21. Issued during year............................. ................. ............................ ................. ............................... ................. ............................ 22. Other changes to in force (Net).......... ................. ............................ ................. ............................... ................. ............................ 23. In force December 31 of current year .............0 .........................0 .............0 (a).......................0 .............0 .........................0 (a) Includes Individual Credit Life Insurance, prior year $..........0 current year $...........0. Includes Group Credit Life Insurance Loans less than or equal to 60 months at issue, prior year $..........0 current year $..........0. Loans greater than 60 months at issue BUT NOT GREATER THAN 120 MONTHS, prior year $..........0 current year $..........0.

NONE

7

8

9

10

No.

Amount

No.

Amount

............... ...................... .............0 ...........................0 ............... ...................... .............0 ...........................0 ............... ............... ...........0 ............... ............... ...........0

24. 24.1 24.2 24.3 25.1 25.2 25.3 25.4 25.5 25.6 26.

Group policies............................................................................................ Federal Employee Health Benefits Program premium............................... Credit (group and individual)...................................................................... Collectively renewable policies................................................................... Other Individual Policies: Non-cancelable.......................................................................................... Guaranteed renewable............................................................................... Non-renewable for stated reasons only...................................................... Other accident only.................................................................................... All other...................................................................................................... Totals (Sum of Lines 25.1 to 25.5)............................................................. Totals (Lines 24 + 24.1 + 24.2 + 24.3 + 25.6)............................................

2

Direct Premiums ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................0 ................................0

...................... ...................... ...................0 ...................... ...................... ...................0

.............0 .............0 .............0 .............0 .............0 .............0

...........................0 ...........................0 ...........................0 ...........................0 ...........................0 ...........................0

...........0 ...................0 .............0 ...........................0 ............... ............... ............... ...........0

ACCIDENT AND HEALTH INSURANCE 1

Total

...................... ...................... ...................... ...................0

.............0 .............0 .............0 .............0

...........................0 ...........................0 ...........................0 ...........................0

Direct Premiums Earned ................................... ................................... ................................... ...................................

3 Dividends Paid Or Credited on Direct Business ................................... ................................... ................................... ...................................

4 Direct Losses Paid ................................... ................................... ................................... ...................................

Direct Losses Incurred ................................... ................................... ................................... ...................................

................................... ................................... ................................... ................................... ................................... ................................0 ................................0

................................... ................................... ................................... ................................... ................................... ................................0 ................................0

................................... ................................... ................................... ................................... ................................... ................................0 ................................0

................................... ................................... ................................... ................................... ................................... ................................0 ................................0

NONE 29.GT

5

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

Ex. of Life Ins. NONE

Ex. of Life Ins. NONE

Ex. of Life Ins. NONE

Ex. of Life Ins. NONE

Ex. of Life Ins. NONE

Ex. of Life Ins. NONE

Ex. of Life Ins. NONE

Ex. of Life Ins. NONE 30, 31

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

EXHIBIT OF NUMBER OF POLICIES, CONTRACTS, CERTIFICATES, INCOME PAYABLE AND ACCOUNT VALUES IN FORCE FOR SUPPLEMENTARY CONTRACTS, ANNUITIES, ACCIDENT & HEALTH AND OTHER POLICIES SUPPLEMENTARY CONTRACTS

1. In force end of prior year.................................................... 2. Issued during year............................................................. 3. Reinsurance assumed....................................................... 4. Increased during year (net)................................................ 5. Total (Lines 1 to 4)............................................................. Deductions during year: 6. Decreased (net)................................................................. 7. Reinsurance....................................................................... 8. Totals (Lines 6 and 7)........................................................ 9. In force end of year............................................................ 10. Amount on deposit............................................................. 11. Income now payable.......................................................... 12. Amount of income payable................................................

Ordinary 1 2 Involving Life Not Involving Life Contingencies Contingencies ................................................... ................................................... ................................................... ................................................... ................................................... ................................................... ................................................... ................................................... ................................................0 ................................................0

Group 3 4 Involving Life Not Involving Life Contingencies Contingencies ................................................... ................................................... ................................................... ................................................... ................................................... ................................................... ................................................... ................................................... ................................................0 ................................................0

................................................... ................................................... ................................................0 ................................................0 ................................................... ................................................... (a)...............................................

................................................... ................................................... ................................................0 ................................................0 ................................................... ................................................... (a)...............................................

NONE

................................................... ................................................... ................................................0 ................................................0 (a)............................................... ................................................... (a)...............................................

ANNUITIES

Ordinary

1. In force end of prior year.................................................... 2. Issued during year............................................................. 3. Reinsurance assumed....................................................... 4. Increased during year (net)................................................ 5. Total (Lines 1 to 4)............................................................. Deductions during year: 6. Decreased (net)................................................................. 7. Reinsurance....................................................................... 8. Totals (Lines 6 and 7)........................................................ 9. In force end of year............................................................ Income now payable: 10. Amount of income payable................................................ Deferred fully paid: 11. Account balance................................................................ Deferred not fully paid: 12. Account balance................................................................

1 Immediate ................................................6 ................................................... ................................................... ................................................... ................................................6

2 Deferred ..............................................95 ................................................... ................................................... ................................................... ..............................................95

Group 3 4 Contracts Certificates ................................................... .........................................5,359 ................................................... ..............................................32 ................................................... ................................................... ................................................... ................................................... ................................................0 .........................................5,391

................................................... ................................................... ................................................0 ................................................6

................................................4 ................................................... ................................................4 ..............................................91

................................................... ................................................... ................................................0 ................................................0

............................................586 ................................................... ............................................586 .........................................4,805

(a)..................................29,898 .......................XXX..................... .......................XXX..................... (a).............................2,393,317 .......................XXX..................... (a).............................3,482,667 .......................XXX..................... (a).........................160,430,718 .......................XXX..................... (a)............................................... .......................XXX..................... (a)...............................................

ACCIDENT AND HEALTH INSURANCE

1. In force end of prior year.............................................. 2. Issued during year....................................................... 3. Reinsurance assumed................................................. 4. Increased during year (net).......................................... 5. Total (Lines 1 to 4)....................................................... Deductions during year: 6. Conversions................................................................. 7. Decreased (net)........................................................... 8. Reinsurance................................................................. 9. Totals (Lines 6 to 8)..................................................... 10. In force end of year......................................................

................................................... ................................................... ................................................0 ................................................0 (a)............................................... ................................................... (a)...............................................

Ordinary 1 2 Policies Premiums in force .................................. .................................. .................................. .................................. .................................. .................................. .................................. ............XXX............... ...............................0 ............XXX...............

Group 3 4 Policies Premiums in force .................................. .................................. .................................. .................................. .................................. .................................. .................................. ............XXX............... ...............................0 ............XXX...............

Credit 5 6 Policies Premiums in force .................................. .................................. .................................. .................................. .................................. .................................. .................................. ............XXX............... ...............................0 ............XXX...............

............XXX............... .................................. .................................. ...............................0 ...............................0

.................................. .................................. .................................. ...............................0 ...............................0

............XXX............... .................................. .................................. ...............................0 ...............................0

NONE ............XXX............... ............XXX............... ............XXX............... ...........XXX................ (a)..............................

............XXX............... ............XXX............... ............XXX............... ...........XXX................ (a)..............................

DEPOSIT FUNDS AND DIVIDEND ACCUMULATIONS

1. In force end of prior year................................................................................................................................................................. 2. Issued during year........................................................................................................................................................................... 3. Reinsurance assumed..................................................................................................................................................................... 4. Increased during year (net)............................................................................................................................................................. 5. Total (Lines 1 to 4)........................................................................................................................................................................... Deductions during year: 6. Decreased (net)............................................................................................................................................................................... 7. Reinsurance.................................................................................................................................................................................... 8. Totals (Lines 6 and 7)...................................................................................................................................................................... 9. In force end of year.......................................................................................................................................................................... 10. Amount of account balance............................................................................................................................................................. (a) See Paragraph 9 of the Annual Audited Financial Reports in the General section of the Annual Statement Instructions.

NONE

32

............XXX............... ............XXX............... ............XXX............... ............XXX............... (a)..............................

1 Deposit Funds Contracts .................................................. .................................................. .................................................. .................................................. ...............................................0

2 Dividend Accumulations Contracts .................................................. .................................................. .................................................. .................................................. ...............................................0

.................................................. .................................................. ...............................................0 ...............................................0 (a)..............................................

.................................................. .................................................. ...............................................0 ...............................................0 (a)..............................................

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

FORM FOR CALCULATING THE INTEREST MAINTENANCE RESERVE Interest Maintenance Reserve 1 Amount 1.

Reserve as of December 31, prior year..................................................................................................................................................................................... ............................................(101,779)

2.

Current year's realized pre-tax capital gains/(losses) of $..........0 transferred into the reserve net of taxes of $..........0.......................................................... ...........................................................

3.

Adjustment for current year's liability gains/(losses) released from the reserve........................................................................................................................ ...........................................................

4.

Balance before reduction for amount transferred to Summary of Operations (Line 1 + Line 2 + Line 3).................................................................................. ............................................(101,779)

5. Current year's amortization released to Summary of Operations (Amortization, Line 1, Column 4).......................................................................................... ..............................................(23,923) 6.

Reserve as of December 31, current year (Line 4 minus Line 5).............................................................................................................................................. ..............................................(77,856)

Amortization Year of Amortization

1 Reserve as of December 31, Prior Year

2 Current Year's Realized Capital Gains/(Losses) Transferred into the Reserve Net of Taxes

3 Adjustment for Current Year's Liability Gains/(Losses) Released from the Reserve

4 Balance Before Reduction for the Current Year's Amortization (Cols. 1 + 2 + 3)

1.

2002................................................. .............................................(23,923) .......................................................... .......................................................... .............................................(23,923)

2.

2003................................................. .............................................(19,921) .......................................................... .......................................................... .............................................(19,921)

3.

2004................................................. .............................................(15,236) .......................................................... .......................................................... .............................................(15,236)

4.

2005................................................. ...............................................(9,812) .......................................................... .......................................................... ...............................................(9,812)

5.

2006................................................. ...............................................(7,377) .......................................................... .......................................................... ...............................................(7,377)

6.

2007................................................. ...............................................(7,269) .......................................................... .......................................................... ...............................................(7,269)

7.

2008................................................. ...............................................(6,264) .......................................................... .......................................................... ...............................................(6,264)

8.

2009................................................. ...............................................(5,038) .......................................................... .......................................................... ...............................................(5,038)

9.

2010................................................. ...............................................(3,604) .......................................................... .......................................................... ...............................................(3,604)

10. 2011................................................. ...............................................(1,855) .......................................................... .......................................................... ...............................................(1,855) 11. 2012................................................. ..................................................(577) .......................................................... .......................................................... ..................................................(577) 12. 2013................................................. ..................................................(443) .......................................................... .......................................................... ..................................................(443) 13. 2014................................................. ..................................................(298) .......................................................... .......................................................... ..................................................(298) 14. 2015................................................. ..................................................(139) .......................................................... .......................................................... ..................................................(139) 15. 2016................................................. ....................................................(26) .......................................................... .......................................................... ....................................................(26) 16. 2017................................................. .......................................................3 .......................................................... .......................................................... .......................................................3 17. 2018................................................. .......................................................... .......................................................... .......................................................... .......................................................0 18. 2019................................................. .......................................................... .......................................................... .......................................................... .......................................................0 19. 2020................................................. .......................................................... .......................................................... .......................................................... .......................................................0 20. 2021................................................. .......................................................... .......................................................... .......................................................... .......................................................0 21. 2022................................................. .......................................................... .......................................................... .......................................................... .......................................................0 22. 2023................................................. .......................................................... .......................................................... .......................................................... .......................................................0 23. 2024................................................. .......................................................... .......................................................... .......................................................... .......................................................0 24. 2025................................................. .......................................................... .......................................................... .......................................................... .......................................................0 25. 2026................................................. .......................................................... .......................................................... .......................................................... .......................................................0 26. 2027................................................. .......................................................... .......................................................... .......................................................... .......................................................0 27. 2028................................................. .......................................................... .......................................................... .......................................................... .......................................................0 28. 2029................................................. .......................................................... .......................................................... .......................................................... .......................................................0 29. 2030................................................. .......................................................... .......................................................... .......................................................... .......................................................0 30. 2031................................................. .......................................................... .......................................................... .......................................................... .......................................................0 31. 2032 and Later.................................. .......................................................... .......................................................... .......................................................... .......................................................0 32. Total (Lines 1 to 31).......................... ...........................................(101,779) .......................................................0 .......................................................0 ...........................................(101,779)

33

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

ASSET VALUATION RESERVE 1 Other Than Mortgage Loans

Default Component 2

3

4

Mortgage Loans

Total (Cols. 1 + 2)

Common Stock

Equity Component 5 Real Estate and Other Invested Assets

6 Total (Cols. 4 + 5)

7 Total Amount (Cols. 3 + 6)

1. Reserve as of December 31, prior year....................................................................................................................................... ...............................90,756 ........................................... ...............................90,756 .................................6,250 ........................................... .................................6,250 ...............................97,006 2. Realized capital gains/(losses) net of taxes - General Account.................................................................................................. ........................................... ........................................... ........................................0 ........................................... ........................................... ........................................0 ........................................0 3. Realized capital gains/(losses) net of taxes - Separate Accounts............................................................................................... ........................................... ........................................... ........................................0 ........................................... ........................................... ........................................0 ........................................0 4. Unrealized capital gains/(losses) - general account.................................................................................................................... ........................................... ........................................... ........................................0 ........................................... ........................................... ........................................0 ........................................0 5. Unrealized capital gains/(losses) - Separate Accounts............................................................................................................... ........................................... ........................................... ........................................0 ........................................... ........................................... ........................................0 ........................................0 6. Capital gains credited/(losses charged) to contract benefits, payments or reserves.................................................................. ........................................... ........................................... ........................................0 ........................................... ........................................... ........................................0 ........................................0 7. Basic contribution........................................................................................................................................................................ ........................................... ........................................... ........................................0 ........................................... ........................................... ........................................0 ........................................0 8. Accumulated balances (Lines 1 through 5, minus 6 plus 7)........................................................................................................ ...............................90,756 ........................................0 ...............................90,756 .................................6,250 ........................................0 .................................6,250 ...............................97,006

34

9. Maximum reserve........................................................................................................................................................................ ........................................... ........................................... ........................................0 .................................6,250 ........................................... .................................6,250 .................................6,250 10. Reserve objective........................................................................................................................................................................ ........................................... ........................................... ........................................0 .................................6,250 ........................................... .................................6,250 .................................6,250 11. 20% of (Line 10 minus Line 8)..................................................................................................................................................... ..............................(18,151) ........................................0 ..............................(18,151) ........................................0 ........................................0 ........................................0 ..............................(18,151) 12. Balance before transfers (Lines 8 + 11)...................................................................................................................................... ...............................72,605 ........................................0 ...............................72,605 .................................6,250 ........................................0 .................................6,250 ...............................78,855 13. Transfers..................................................................................................................................................................................... ........................................... ........................................... ........................................0 ........................................... ........................................... ........................................0 ................XXX.................... 14. Voluntary contribution.................................................................................................................................................................. ........................................... ........................................... ........................................0 ........................................... ........................................... ........................................0 ........................................0 15. Adjustment down to maximum/up to zero................................................................................................................................... ..............................(72,605) ........................................... ..............................(72,605) ........................................... ........................................... ........................................0 ..............................(72,605) 16. Reserve as of December 31, current year (Lines 12 + 13 + 14 + 15)......................................................................................... ........................................0 ........................................0 ........................................0 .................................6,250 ........................................0 .................................6,250 .................................6,250

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

ASSET VALUATION RESERVE Basic Contribution, Reserve Objective and Maximum Reserve Calculations Default Component NAIC Line DesigNumber nation

Description

1

2

3

Book/Adjusted Carrying Value

Reclassify Related Party Encumbrances

Add Third Party Encumbrances

4 Balance for AVR Reserve Calculations (Cols. 1 + 2 + 3)

5 Factor

Basic Contribution

Reserve Objective

6

7

Amount (Cols. 4 x 5)

Factor

Maximum Reserve 10

8

9

Amount (Cols. 4 x 7)

Factor

Amount (Cols. 4 x 9)

LONG-TERM BONDS 1

Exempt obligations............................................................................................................... ..................35,325,422 ............XXX.......... ............XXX.......... ..................35,325,422 .................0.0000 ..................................0 .................0.0000 ..................................0 .................0.0000 ..................................0

2

1

Highest quality...................................................................................................................... ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0005 ..................................0 .................0.0015 ..................................0 .................0.0030 ..................................0

3

2

High quality........................................................................................................................... ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0020 ..................................0 .................0.0060 ..................................0 .................0.0100 ..................................0

4

3

Medium quality..................................................................................................................... ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0105 ..................................0 .................0.0280 ..................................0 .................0.0400 ..................................0

5

4

Low quality........................................................................................................................... ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0270 ..................................0 .................0.0630 ..................................0 .................0.0900 ..................................0

6

5

Lower quality........................................................................................................................ ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0670 ..................................0 .................0.1200 ..................................0 .................0.2000 ..................................0

7

6

In or near default.................................................................................................................. ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0000 ..................................0 .................0.3000 ..................................0 .................0.3000 ..................................0

8

Total unrated multi-class securities acquired by conversion................................................ ..................................... ............XXX.......... ............XXX.......... ..................................0 ...........XXX........... ..................................0 ...........XXX........... ..................................0 ...........XXX........... .....................................

9

Total bonds (sum of Lines 1 through 8) (Page 2, Line 1, Net admitted asset)..................... ..................35,325,422 ............XXX.......... ............XXX.......... ..................35,325,422 ...........XXX........... ..................................0 ...........XXX........... ..................................0 ...........XXX........... ..................................0 PREFERRED STOCKS

35

10

1

Highest quality...................................................................................................................... ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0020 ..................................0 .................0.0060 ..................................0 .................0.0090 ..................................0

11

2

High quality........................................................................................................................... ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0065 ..................................0 .................0.0170 ..................................0 .................0.0250 ..................................0

12

3

Medium quality..................................................................................................................... ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0185 ..................................0 .................0.0400 ..................................0 .................0.0600 ..................................0

13

4

Low quality........................................................................................................................... ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0400 ..................................0 .................0.0880 ..................................0 .................0.1350 ..................................0

14

5

Lower quality........................................................................................................................ ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0850 ..................................0 .................0.1600 ..................................0 .................0.2500 ..................................0

15

6

In or near default.................................................................................................................. ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0000 ..................................0 .................0.3000 ..................................0 .................0.3000 ..................................0

16

Affiliated life with AVR.......................................................................................................... ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0000 ..................................0 .................0.0000 ..................................0 .................0.0000 ..................................0

17

Total preferred stocks (sum of Lines 10 through 16) (Page 2, Line 2.1, Net admitted asset)................................................................................. ..................................0 ............XXX.......... ............XXX.......... ..................................0 ...........XXX........... ..................................0 ...........XXX........... ..................................0 ...........XXX........... ..................................0 SHORT-TERM BONDS

18

Exempt obligations............................................................................................................... ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0000 ..................................0 .................0.0000 ..................................0 .................0.0000 ..................................0

19

1

Highest quality...................................................................................................................... ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0005 ..................................0 .................0.0015 ..................................0 .................0.0030 ..................................0

20

2

High quality........................................................................................................................... ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0020 ..................................0 .................0.0060 ..................................0 .................0.0100 ..................................0

21

3

Medium quality..................................................................................................................... ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0105 ..................................0 .................0.0280 ..................................0 .................0.0400 ..................................0

22

4

Low quality........................................................................................................................... ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0270 ..................................0 .................0.0630 ..................................0 .................0.0900 ..................................0

23

5

Lower quality........................................................................................................................ ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0670 ..................................0 .................0.1200 ..................................0 .................0.2000 ..................................0

24

6

In or near default.................................................................................................................. ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0000 ..................................0 .................0.3000 ..................................0 .................0.3000 ..................................0

25

Total short-term bonds (sum of Lines 18 thru 24)................................................................ ..................................0 ............XXX.......... ............XXX.......... ..................................0 ...........XXX........... ..................................0 ...........XXX........... ..................................0 ...........XXX........... ..................................0

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

ASSET VALUATION RESERVE (continued) Basic Contribution, Reserve Objective and Maximum Reserve Calculations Default Component NAIC Line DesigNumber nation 26 27 28 29 30 31 32 33 34

1 2 3 4 5 6

1

2

3

Add Third Party Encumbrances

4 Balance for AVR Reserve Calculations (Cols. 1 + 2 + 3)

Description

Book/Adjusted Carrying Value

Reclassify Related Party Encumbrances

DERIVATIVE INSTRUMENTS Exchange-traded.................................................................................................................. Highest quality...................................................................................................................... High quality........................................................................................................................... Medium quality..................................................................................................................... Low quality........................................................................................................................... Lower quality........................................................................................................................ In or near default.................................................................................................................. Total derivative instruments................................................................................................. TOTAL (Lines 9 + 17 + 25 + 33)..........................................................................................

..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................0 ..................35,325,422

............XXX.......... ............XXX.......... ............XXX.......... ............XXX.......... ............XXX.......... ............XXX.......... ............XXX.......... ............XXX.......... ............XXX..........

............XXX.......... ............XXX.......... ............XXX.......... ............XXX.......... ............XXX.......... ............XXX.......... ............XXX.......... ............XXX.......... ............XXX..........

..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ..................35,325,422

5

Basic Contribution

6

7

Factor

Amount (Cols. 4 x 5)

.................0.0005 .................0.0005 .................0.0020 .................0.0105 .................0.0270 .................0.0670 .................0.0000 ...........XXX........... ...........XXX...........

36

MORTGAGE LOANS In good standing: 35 Farm mortgages............................................................................................................... ..................................... ............................. ............XXX.......... ..................................0 (a)......................... 36 Residential mortgages-insured or guaranteed................................................................. ..................................... ............................. ............XXX.......... ..................................0 .................0.0003 37 Residential mortgages-all other........................................................................................ ..................................... ............................. ............XXX.......... ..................................0 .................0.0013 38 Commercial mortgages-insured or guaranteed................................................................ ..................................... ............................. ............XXX.......... ..................................0 .................0.0003 39 Commercial mortgages-all other...................................................................................... ..................................... ............................. ............XXX.......... ..................................0 (a)......................... 40 In good standing with restructured terms............................................................................. ..................................... ............................. ............XXX.......... ..................................0 (b)......................... Overdue, not in process: 41 Farm mortgages............................................................................................................... ..................................... ............................. ............XXX.......... ..................................0 .................0.0420 42 Residential mortgages-insured or guaranteed................................................................. ..................................... ............................. ............XXX.......... ..................................0 .................0.0005 43 Residential mortgages-all other........................................................................................ ..................................... ............................. ............XXX.......... ..................................0 .................0.0025 44 Commercial mortgages-insured or guaranteed................................................................ ..................................... ............................. ............XXX.......... ..................................0 .................0.0005 45 Commercial mortgages-all other...................................................................................... ..................................... ............................. ............XXX.......... ..................................0 .................0.0420 In process of foreclosure: 46 Farm mortgages............................................................................................................... ..................................... ............................. ............XXX.......... ..................................0 .................0.0000 47 Residential mortgages-insured or guaranteed................................................................. ..................................... ............................. ............XXX.......... ..................................0 .................0.0000 48 Residential mortgages-all other........................................................................................ ..................................... ............................. ............XXX.......... ..................................0 .................0.0000 49 Commercial mortgages-insured or guaranteed................................................................ ..................................... ............................. ............XXX.......... ..................................0 .................0.0000 50 Commercial mortgages-all other...................................................................................... ..................................... ............................. ............XXX.......... ..................................0 .................0.0000 Total Schedule B mortgages (sum of Lines 35 through 50) 51 (Page 2, Line 3, Net admitted asset).................................................................................... ..................................0 ..........................0 ...........XXX........... ..................................0 ...........XXX........... 52 Schedule DA mortgages...................................................................................................... ..................................... ............................. ............XXX.......... ..................................0 (c)......................... 53 Total mortgage loans on real estate (Lines 51 + 52)............................................................ ..................................0 ..........................0 ............XXX.......... ..................................0 ...........XXX........... (a) Times the company's experience adjustment factor (EAF). (b) Column 9 is the greater of 7.5% without any EAF adjustments or a company's EAF adjusted In Good Standing (IGS) factor plus 150 basis points. Columns 5 and 7 are 28% and 62% respectively of Column 9. (c) Determined using the same factors and breakdowns used for directly owned mortgage loans.

Reserve Objective

Maximum Reserve 10

8

9

Factor

Amount (Cols. 4 x 7)

Factor

Amount (Cols. 4 x 9)

..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ..................................0

.................0.0015 .................0.0015 .................0.0060 .................0.0280 .................0.0630 .................0.1200 .................0.3000 ...........XXX........... ...........XXX...........

..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ..................................0

.................0.0030 .................0.0030 .................0.0100 .................0.0400 .................0.0900 .................0.2000 .................0.3000 ...........XXX........... ...........XXX...........

..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ..................................0

..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ..................................0

(a)......................... .................0.0006 .................0.0030 .................0.0006 (a)......................... (b).........................

..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ..................................0

(a)......................... .................0.0010 .................0.0050 .................0.0010 (a)......................... (b).........................

..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ..................................0

..................................0 ..................................0 ..................................0 ..................................0 ..................................0

.................0.0915 .................0.0012 .................0.0060 .................0.0012 .................0.0915

..................................0 ..................................0 ..................................0 ..................................0 ..................................0

.................0.1500 .................0.0020 .................0.0100 .................0.0020 .................0.1500

..................................0 ..................................0 ..................................0 ..................................0 ..................................0

..................................0 ..................................0 ..................................0 ..................................0 ..................................0

.................0.2000 .................0.0040 .................0.0200 .................0.0040 .................0.2000

..................................0 ..................................0 ..................................0 ..................................0 ..................................0

.................0.2000 .................0.0040 .................0.0200 .................0.0040 .................0.2000

..................................0 ..................................0 ..................................0 ..................................0 ..................................0

..................................0 ...........XXX........... ..................................0 ...........XXX........... ..................................0 ..................................0 (c)......................... ..................................0 (c)......................... ..................................0 ..................................0 ...........XXX........... ..................................0 ...........XXX........... ..................................0

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

ASSET VALUATION RESERVE Basic Contribution, Reserve Objective and Maximum Reserve Calculations Equity and Other Invested Asset Component NAIC Line DesigNumber nation

Description

1

2

3

Book/Adjusted Carrying Value

Reclassify Related Party Encumbrances

Add Third Party Encumbrances

4 Balance for AVR Reserve Calculations (Cols. 1 + 2 + 3)

5

Basic Contribution

Factor

Reserve Objective

6

7

Amount (Cols. 4 x 5)

Factor

Maximum Reserve 10

8

9

Amount (Cols. 4 x 7)

Factor

Amount (Cols. 4 x 9)

1

COMMON STOCK Unaffiliated public................................................................................................................. ................................... .............XXX........... ...........XXX........... ................................0 .................0.0000 ................................0 (d)......................... ................................0 (d)......................... ................................0

2 3

Unaffiliated private................................................................................................................ ................................... .............XXX........... ...........XXX........... ................................0 .................0.0000 ................................0 .................0.2500 ................................0 .................0.2500 ................................0 Affiliated life with AVR.......................................................................................................... ................................... .............XXX........... ...........XXX........... ................................0 .................0.0000 ................................0 .................0.0000 ................................0 .................0.0000 ................................0

4

Affiliated Investment Subsidiary: Fixed income exempt obligations..................................................................................... ................................... ............................... ............................. ................................0 ...........XXX........... ................................... ...........XXX........... ................................... ...........XXX........... ...................................

5 6 7 8 9 10 11 12

Fixed income highest quality............................................................................................ Fixed income high quality................................................................................................. Fixed income medium quality........................................................................................... Fixed income low quality.................................................................................................. Fixed income lower quality............................................................................................... Fixed income in/near default............................................................................................ Unaffiliated common stock public..................................................................................... Unaffiliated common stock private...................................................................................

................................... ................................... ................................... ................................... ................................... ................................... ................................... ...................................

............................... ............................... ............................... ............................... ............................... ............................... ............................... ...............................

............................. ............................. ............................. ............................. ............................. ............................. ............................. .............................

................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0

...........XXX........... ...........XXX........... ...........XXX........... ...........XXX........... ...........XXX........... ...........XXX........... .................0.0000 .................0.0000

................................... ................................... ................................... ................................... ................................... ................................... ................................0 ................................0

...........XXX........... ...........XXX........... ...........XXX........... ...........XXX........... ...........XXX........... ...........XXX........... (d)......................... .................0.2500

................................... ................................... ................................... ................................... ................................... ................................... ................................0 ................................0

...........XXX........... ...........XXX........... ...........XXX........... ...........XXX........... ...........XXX........... ...........XXX........... (d)......................... .................0.2500

................................... ................................... ................................... ................................... ................................... ................................... ................................0 ................................0

37

13 14 15

Mortgage loans................................................................................................................. ................................... ............................... ............................. ................................0 (c)......................... ................................0 (c)......................... ................................0 (c)......................... ................................0 Real estate....................................................................................................................... ................................... ............................... ............................. ................................0 (e)......................... ................................0 (e)......................... ................................0 (e)......................... ................................0 Affiliated - certain other (see SVO Purposes and Procedures manual)............................... ................................... .............XXX........... ...........XXX........... ................................0 .................0.0000 ................................0 .................0.2000 ................................0 .................0.2000 ................................0

16 17

Affiliated - all other................................................................................................................ .......................25,000 .............XXX........... ...........XXX........... .......................25,000 .................0.0000 ................................0 .................0.2500 .........................6,250 .................0.2500 .........................6,250 Total common stock (sum of Lines 1 through 16) (Page 2, Line 2.2, Net admitted asset)................................................................................. .......................25,000 ............................0 ..........................0 .......................25,000 ...........XXX........... ................................0 ...........XXX........... .........................6,250 ...........XXX........... .........................6,250

18 19

REAL ESTATE Home office property (general account only)....................................................................... ................................... ............................... ............................. ................................0 .................0.0000 ................................0 .................0.0750 ................................0 .................0.0750 ................................0 Investment properties........................................................................................................... ................................... ............................... ............................. ................................0 .................0.0000 ................................0 .................0.0750 ................................0 .................0.0750 ................................0

20 21

Properties acquired in satisfaction of debt........................................................................... ................................... ............................... ............................. ................................0 .................0.0000 ................................0 .................0.1100 ................................0 .................0.1100 ................................0 Total real estate (sum of Lines 18 through 20)..................................................................... ................................0 ............................0 ..........................0 ................................0 ...........XXX........... ................................0 ...........XXX........... ................................0 ...........XXX........... ................................0

22 23 24 25 26 27 28 29

INVESTMENTS WITH THE UNDERLYING CHARACTERISTICS OF BONDS Exempt obligations............................................................................................................... Highest quality...................................................................................................................... High quality........................................................................................................................... Medium quality..................................................................................................................... Low quality........................................................................................................................... Lower quality........................................................................................................................ In or near default.................................................................................................................. Total with bond characteristics (sum of Lines 22 through 28)..............................................

OTHER INVESTED ASSETS

1 2 3 4 5 6

................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................0

.............XXX........... .............XXX........... .............XXX........... .............XXX........... .............XXX........... .............XXX........... .............XXX........... .............XXX...........

...........XXX........... ...........XXX........... ...........XXX........... ...........XXX........... ...........XXX........... ...........XXX........... ...........XXX........... ...........XXX...........

................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0

.................0.0000 .................0.0005 .................0.0020 .................0.0105 .................0.0270 .................0.0670 .................0.0000 ...........XXX...........

................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0

.................0.0000 .................0.0015 .................0.0060 .................0.0280 .................0.0630 .................0.1200 .................0.3000 ...........XXX...........

................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0

.................0.0000 .................0.0030 .................0.0100 .................0.0400 .................0.0900 .................0.2000 .................0.3000 ...........XXX...........

................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

ASSET VALUATION RESERVE (continued) Basic Contribution, Reserve Objective and Maximum Reserve Calculations Equity and Other Invested Asset Component NAIC Line DesigNumber nation

Description

1

2

3 Add Third Party Encumbrances

4 Balance for AVR Reserve Calculations (Cols. 1 + 2 + 3)

Book/Adjusted Carrying Value

Reclassify Related Party Encumbrances

................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................0

.............XXX........... .............XXX........... .............XXX........... .............XXX........... .............XXX........... .............XXX........... .............XXX........... .............XXX...........

...........XXX........... ...........XXX........... ...........XXX........... ...........XXX........... ...........XXX........... ...........XXX........... ...........XXX........... ...........XXX...........

................................... ................................... ................................... ................................... ................................... ...................................

............................... ............................... .............XXX........... ............................... ............................... ...............................

................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................0

5

Basic Contribution

6

7

Factor

Amount (Cols. 4 x 5)

................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0

.................0.0020 .................0.0065 .................0.0185 .................0.0400 .................0.0850 .................0.0000 .................0.0000 ...........XXX...........

...........XXX........... ...........XXX........... ...........XXX........... ...........XXX........... ...........XXX........... ...........XXX...........

................................0 ................................0 ................................0 ................................0 ................................0 ................................0

............................... ............................... ............................... ............................... ...............................

...........XXX........... ...........XXX........... ...........XXX........... ...........XXX........... ...........XXX...........

............................... ............................... ............................... ............................... ............................... ............................0

...........XXX........... ...........XXX........... ...........XXX........... ...........XXX........... ...........XXX........... ...........XXX...........

Reserve Objective

Maximum Reserve 10

8

9

Factor

Amount (Cols. 4 x 7)

Factor

Amount (Cols. 4 x 9)

................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0

.................0.0060 .................0.0170 .................0.0400 .................0.0880 .................0.1600 .................0.3000 .................0.0000 ...........XXX...........

................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0

.................0.0090 .................0.0250 .................0.0600 .................0.1350 .................0.2500 .................0.3000 .................0.0000 ...........XXX...........

................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0

(a)......................... .................0.0003 .................0.0013 .................0.0003 (a)......................... (b).........................

................................0 ................................0 ................................0 ................................0 ................................0 ................................0

(a)......................... .................0.0006 .................0.0030 .................0.0006 (a)......................... (b).........................

................................0 ................................0 ................................0 ................................0 ................................0 ................................0

(a)......................... .................0.0010 .................0.0050 .................0.0010 (a)......................... (b).........................

................................0 ................................0 ................................0 ................................0 ................................0 ................................0

................................0 ................................0 ................................0 ................................0 ................................0

.................0.0420 .................0.0005 .................0.0025 .................0.0005 .................0.0420

................................0 ................................0 ................................0 ................................0 ................................0

.................0.0915 .................0.0012 .................0.0060 .................0.0012 .................0.0915

................................0 ................................0 ................................0 ................................0 ................................0

.................0.1500 .................0.0020 .................0.0100 .................0.0020 .................0.1500

................................0 ................................0 ................................0 ................................0 ................................0

................................0 ................................0 ................................0 ................................0 ................................0 ................................0

.................0.0000 .................0.0000 .................0.0000 .................0.0000 .................0.0000 ...........XXX...........

................................0 ................................0 ................................0 ................................0 ................................0 ................................0

.................0.2000 .................0.0040 .................0.0200 .................0.0040 .................0.2000 ...........XXX...........

................................0 ................................0 ................................0 ................................0 ................................0 ................................0

.................0.2000 .................0.0040 .................0.0200 .................0.0040 .................0.2000 ...........XXX...........

................................0 ................................0 ................................0 ................................0 ................................0 ................................0

INVESTMENTS WITH THE UNDERLYING 30 31 32 33 34 35 36 37

1 2 3 4 5 6

CHARACTERISTICS OF PREFERRED STOCKS Highest quality...................................................................................................................... High quality........................................................................................................................... Medium quality..................................................................................................................... Low quality........................................................................................................................... Lower quality........................................................................................................................ In or near default.................................................................................................................. Affiliated life with AVR.......................................................................................................... Total with preferred stock characteristics (sum of Lines 30 through 36).............................. INVESTMENTS WITH THE UNDERLYING CHARACTERISTICS OF MORTGAGE LOANS

38

38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

In Good Standing: Farm mortgages............................................................................................................... Residential mortgages-insured or guaranteed................................................................. Residential mortgages-all other........................................................................................ Commercial mortgages-insured or guaranteed................................................................ Commercial mortgages-all other...................................................................................... In good standing with restructured terms............................................................................. Overdue, Not in Process: Farm mortgages............................................................................................................... Residential mortgages-insured or guaranteed................................................................. Residential mortgages-all other........................................................................................ Commercial mortgages-insured or guaranteed................................................................ Commercial mortgages-all other...................................................................................... In Process of foreclosure: Farm mortgages............................................................................................................... Residential mortgages-insured or guaranteed................................................................. Residential mortgages-all other........................................................................................ Commercial mortgages-insured or guaranteed................................................................ Commercial mortgages-all other...................................................................................... Total with mortgage loan characteristics (sum of Lines 38 through 53)...............................

NONE

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

ASSET VALUATION RESERVE (continued) Basic Contribution, Reserve Objective and Maximum Reserve Calculations Equity and Other Invested Asset Component NAIC Line DesigNumber nation

Description

1

2

3

Book/Adjusted Carrying Value

Reclassify Related Party Encumbrances

Add Third Party Encumbrances

4 Balance for AVR Reserve Calculations (Cols. 1 + 2 + 3)

5

Basic Contribution

Factor

Reserve Objective

6

7

Amount (Cols. 4 x 5)

Factor

Maximum Reserve 10

8

9

Amount (Cols. 4 x 7)

Factor

Amount (Cols. 4 x 9)

INVESTMENTS WITH THE UNDERLYING CHARACTERISTICS OF COMMON STOCK 55

Unaffiliated public................................................................................................................. ................................... .............XXX........... ...........XXX........... ................................0 .................0.0000 ................................0 (d)......................... ................................0 (d)......................... ................................0

56

Unaffiliated private................................................................................................................ ................................... .............XXX........... ...........XXX........... ................................0 .................0.0000 ................................0 .................0.2500 ................................0 .................0.2500 ................................0

57

Affiliated life with AVR.......................................................................................................... ................................... .............XXX........... ...........XXX........... ................................0 .................0.0000 ................................0 .................0.0000 ................................0 .................0.0000 ................................0

58

Affiliated certain other (see SVO Purposes and Procedures manual)................................. ................................... .............XXX........... ...........XXX........... ................................0 .................0.0000 ................................0 .................0.2000 ................................0 .................0.2000 ................................0

59

Affiliated other - all other...................................................................................................... ................................... .............XXX........... ...........XXX........... ................................0 .................0.0000 ................................0 .................0.2500 ................................0 .................0.2500 ................................0

60

Total with common stock characteristics (sum of Lines 55 through 59)............................... ................................0 .............XXX........... ...........XXX........... ................................0 ...........XXX........... ................................0 ...........XXX........... ................................0 ...........XXX........... ................................0 INVESTMENTS WITH THE UNDERLYING CHARACTERISTICS OF REAL ESTATE

39

61

Home office property (general account only)....................................................................... ................................... ............................... ............................. ................................0 .................0.0000 ................................0 .................0.0750 ................................0 .................0.0750 ................................0

62

Investment properties........................................................................................................... ................................... ............................... ............................. ................................0 .................0.0000 ................................0 .................0.0750 ................................0 .................0.0750 ................................0

63

Properties acquired in satisfaction of debt........................................................................... ................................... ............................... ............................. ................................0 .................0.0000 ................................0 .................0.1100 ................................0 .................0.1100 ................................0

64

Total with real estate characteristics (Lines 61 through 63)................................................. ................................0 ............................0 ..........................0 ................................0 ...........XXX........... ................................0 ...........XXX........... ................................0 ...........XXX........... ................................0

NONE

ALL OTHER INVESTMENTS

(a) (b) (c) (d) (e)

65

Other invested assets - Schedule BA................................................................................... ................................... .............XXX........... ............................. ................................0 .................0.0000 ................................0 .................0.2000 ................................0 .................0.2000 ................................0

66

Other short-term invested assets - Schedule DA................................................................. ................................... .............XXX........... ............................. ................................0 .................0.0000 ................................0 .................0.2000 ................................0 .................0.2000 ................................0

67

Total all other (sum of Lines 65 + 66)................................................................................... ................................0 .............XXX........... ..........................0 ................................0 ...........XXX........... ................................0 ...........XXX........... ................................0 ...........XXX........... ................................0

68

Total other invested assets - Schedule BA & DA (Sum of Lines 29, 37, 54, 60, 64 and 67)............................................................................. ................................0 ............................0 ..........................0 ................................0 ...........XXX........... ................................0 ...........XXX........... ................................0 ...........XXX........... ................................0

Times the company's experience adjustment factor (EAF). Column 9 is the greater of 7.5% without any EAF adjustments or a company's EAF adjusted In Good Standing (IGS) factor plus 150 basis points. Columns 5 and 7 are 28% and 62% respectively of Column 9. Determined using the same factors and breakdowns used for directly owned mortgage loans. Times the company's weighted average portfolio beta (Minimum .15, Maximum .30). Determined using same factors and breakdowns used for directly owned real estate.

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

AVR-Equity Component NONE

AVR-Equity Component NONE

AVR-Replications (Synthetic) Assets NONE

Schedule A-Verification Between Years NONE

Schedule B-Verification Between Years NONE

Schedule BA-Verification Between Years NONE

38, 39, 40, 41

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

SCHEDULE D - SUMMARY BY COUNTRY Long-Term Bonds and Stocks OWNED December 31 of Current Year Description BONDS

1 2 3 4 Book/Adjusted Fair Value Par Value Carrying Value (a) Actual Cost of Bonds 1. United States....................... .......................35,325,421 .......................35,520,547 .......................35,504,720 .......................35,099,000

Governments (Including all obligations guaranteed by governments)

2. 3. 4. 5.

Canada................................ Other Countries................... Totals................................... United States.......................

.......................................... .......................................... .......................35,325,421 ..........................................

.......................................... .......................................... .......................35,520,547 ..........................................

.......................................... .......................................... .......................35,504,720 ..........................................

.......................................... .......................................... .......................35,099,000 ..........................................

States, Territories and Possessions (Direct and guaranteed)

6. 7. 8. 9.

Canada................................ Other Countries................... Totals................................... United States.......................

.......................................... .......................................... .......................................0 ..........................................

.......................................... .......................................... .......................................0 ..........................................

.......................................... .......................................... .......................................0 ..........................................

.......................................... .......................................... .......................................0 ..........................................

10. 11. 12. 13. 14.

Canada................................ Other Countries................... Totals................................... United States....................... Canada................................

.......................................... .......................................... .......................................0 .......................................... ..........................................

.......................................... .......................................... .......................................0 .......................................... ..........................................

.......................................... .......................................... .......................................0 .......................................... ..........................................

.......................................... .......................................... .......................................0 .......................................... ..........................................

15. 16. 17. 18. 19. 20. 21. 22.

Other Countries................... Totals................................... United States....................... Canada................................ Other Countries................... Totals................................... United States....................... Canada................................

.......................................... .......................................0 .......................................... .......................................... .......................................... .......................................0 .......................................... ..........................................

.......................................... .......................................0 .......................................... .......................................... .......................................... .......................................0 .......................................... ..........................................

.......................................... .......................................0 .......................................... .......................................... .......................................... .......................................0 .......................................... ..........................................

.......................................... .......................................0 .......................................... .......................................... .......................................... .......................................0 .......................................... ..........................................

23. 24. 25. 26.

Other Countries................... Totals................................... Totals................................... Total Bonds........................

.......................................... .......................................0 .......................................... .......................35,325,421

.......................................... .......................................0 .......................................... .......................35,520,547

.......................................... .......................................0 .......................................... .......................35,504,720

.......................................... .......................................0 .......................................... .......................35,099,000

27. 28. 29. 30.

United States....................... Canada................................ Other Countries................... Totals...................................

.......................................... .......................................... .......................................... .......................................0

.......................................... .......................................... .......................................... .......................................0

.......................................... .......................................... .......................................... .......................................0

31 32. 33. 34. 35. 36. 37. 38.

United States....................... Canada................................ Other Countries................... Totals................................... United States....................... Canada................................ Other Countries................... Totals...................................

.......................................... .......................................... .......................................... .......................................0 .......................................... .......................................... .......................................... .......................................0

.......................................... .......................................... .......................................... .......................................0 .......................................... .......................................... .......................................... .......................................0

.......................................... .......................................... .......................................... .......................................0 .......................................... .......................................... .......................................... .......................................0

39. 40. 41. 42.

Totals................................... Total Preferred Stocks...... United States....................... Canada................................

.......................................... .......................................0 .......................................... ..........................................

.......................................... .......................................0 .......................................... ..........................................

.......................................... .......................................0 .......................................... ..........................................

43. 44. 45. 46. 47. 48. 49. 50. 51. 52. 53.

Other Countries................... Totals................................... United States....................... Canada................................ Other Countries................... Totals................................... United States....................... Canada................................ Other Countries................... Totals................................... Totals...................................

.......................................... .......................................0 .......................................... .......................................... .......................................... .......................................0 .......................................... .......................................... .......................................... .......................................0 ..............................25,000

.......................................... .......................................0 .......................................... .......................................... .......................................... .......................................0 .......................................... .......................................... .......................................... .......................................0 ..............................25,000

.......................................... .......................................0 .......................................... .......................................... .......................................... .......................................0 .......................................... .......................................... .......................................... .......................................0 ..............................25,000

Political Subdivisions of States, Territories and Possessions (Direct and guaranteed) Special Revenue and Special Assessment Obligations and all Non-guaranteed Obligations of Agencies and Authorities of Governments and their Political Subdivisions Public Utilities (unaffiliated) Industrial and Miscellaneous and Credit Tenant Loans (Unaffiliated) Parent, Subsidiaries and Affiliates PREFERRED STOCKS Public Utilities (Unaffiliated)

Banks, Trust and Insurance Companies (Unaffiliated)

Industrial and Miscellaneous (Unaffiliated) Parent, Subsidiaries and Affiliates COMMON STOCKS Public Utilities (Unaffiliated)

Banks, Trust and Insurance Companies (Unaffiliated)

Industrial and Miscellaneous (Unaffiliated) Parent, Subsidiaries and Affiliates

54. Total Common Stocks....... ..............................25,000 ..............................25,000 ..............................25,000 55. Total Stocks....................... ..............................25,000 ..............................25,000 ..............................25,000 56. Total Bonds and Stocks.... .......................35,350,421 .......................35,545,547 .......................35,529,720 (a) The aggregate value of bonds which are valued at other than actual fair value is $.....27,816,359.

SCHEDULE D - VERIFICATION BETWEEN YEARS 1. Book/adjusted carrying value of bonds and stocks, prior year.......................... 2. Cost of bonds and stocks acquired, Column 6, Part 3...................................... 3. Increase (decrease) by adjustment: 3.1 Column 16, Part 1.................................................. (145,271) 3.2 Column 12, Part 2, Section 1................................. 3.3 Column 10, Part 2, Section 2................................. 3.4 Column 10, Part 4.................................................. (3,151) 4. Total gain (loss), Column 14, Part 4.................................................................. 5. Deduct consideration for bonds and stocks disposed of, Column 6, Part 4......

6,475,277 33,011,567

(148,422) 3,988,000

42

6. Foreign exchange adjustment: 6.1 Column 17, Part 1............................. 6.2 Column 13, Part 2, Section 1............ 6.3 Column 11, Part 2, Section 2............ 6.4 Column 11, Part 4............................. 7. Book/adjusted carrying value at end of current period................. 8. Total valuation allowance............................................................. 9. Subtotal (Lines 7 plus 8)............................................................... 10. Total nonadmitted amounts.......................................................... 11. Statement value of bonds and stocks, current period..................

0 35,350,421 35,350,421 35,350,421

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

SCHEDULE D - PART 1A - SECTION 1 Quality and Maturity Distribution of All Bonds Owned December 31, At Book/Adjusted Carrying Values By Major Types of Issues and NAIC Designations

1. 1.1 1.2 1.3 1.4 1.5 1.6 1.7 2. 2.1 2.2 2.3 2.4 2.5 2.6 2.7 3.

43

3.1 3.2 3.3 3.4 3.5 3.6 3.7 4. 4.1 4.2 4.3 4.4 4.5 4.6 4.7 5. 5.1 5.2 5.3 5.4 5.5 5.6 5.7

Quality Rating per the NAIC Designation U.S. Governments, Schedules D & DA (Group 1) Class 1..................................................................................................... Class 2..................................................................................................... Class 3..................................................................................................... Class 4..................................................................................................... Class 5..................................................................................................... Class 6..................................................................................................... Totals....................................................................................................... All Other Governments, Schedules D & DA (Group 2) Class 1..................................................................................................... Class 2..................................................................................................... Class 3..................................................................................................... Class 4..................................................................................................... Class 5..................................................................................................... Class 6..................................................................................................... Totals....................................................................................................... States, Territories and Possessions, etc., Guaranteed, Schedules D & DA (Group 3) Class 1..................................................................................................... Class 2..................................................................................................... Class 3..................................................................................................... Class 4..................................................................................................... Class 5..................................................................................................... Class 6..................................................................................................... Totals....................................................................................................... Political Subdivisions of States, Territories and Possessions, Guaranteed, Schedules D & DA (Group 4) Class 1..................................................................................................... Class 2..................................................................................................... Class 3..................................................................................................... Class 4..................................................................................................... Class 5..................................................................................................... Class 6..................................................................................................... Totals....................................................................................................... Special Revenue & Special Assessment Obligations, etc., Non-Guaranteed, Schedules D & DA (Group 5) Class 1..................................................................................................... Class 2..................................................................................................... Class 3..................................................................................................... Class 4..................................................................................................... Class 5..................................................................................................... Class 6..................................................................................................... Totals.......................................................................................................

1 1 Year or Less

2 Over 1 Year Through 5 Years

3 Over 5 Years Through 10 Years

4 Over 10 Years Through 20 Years

5 Over 20 Years

6 Total Current Year

7 Column 6 as a % of Line 10.7

8 Total from Column 6 Prior Year

9 % from Col. 7 Prior Year

10 Total Publicly Traded

11 Total Privately Placed (a)

.............16,393,763 ................................. ................................. ................................. ................................. ................................. .............16,393,763

.............18,414,106 ................................. ................................. ................................. ................................. ................................. .............18,414,106

................................. ................................. ................................. ................................. ................................. ................................. .............................0

..................517,552 ................................. ................................. ................................. ................................. ................................. ..................517,552

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................35,325,421 ................................0 ................................0 ................................0 ................................0 ................................0 ................35,325,421

......................100.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ......................100.0

...............6,450,277 ................................. ................................. ................................. ................................. ................................. ...............6,450,277

......................100.0 ................................. ................................. ................................. ................................. ................................. ......................100.0

.............35,325,421 ................................. ................................. ................................. ................................. ................................. .............35,325,421

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0

..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .................................

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0

..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .................................

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0

..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .................................

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0

..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .................................

................................. ................................. ................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. ................................. ................................. .............................0

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

SCHEDULE D - PART 1A - SECTION 1 (continued) Quality and Maturity Distribution of All Bonds Owned December 31, At Book/Adjusting Carrying Values By Major Types of Issues and NAIC Designations Quality Rating per the NAIC Designation 6. 6.1 6.2 6.3 6.4

Public Utilities (Unaffiliated), Schedules D & DA (Group 6) Class 1..................................................................................................... Class 2..................................................................................................... Class 3..................................................................................................... Class 4.....................................................................................................

1 1 Year or Less

2 Over 1 Year Through 5 Years

3 Over 5 Years Through 10 Years

4 Over 10 Years Through 20 Years

5 Over 20 Years

6 Total Current Year

7 Column 6 as a % of Line 10.7

8 Total from Column 6 Prior Year

9 % from Col. 7 Prior Year

10 Total Publicly Traded

11 Total Privately Placed (a)

................................. ................................. ................................. .................................

................................. ................................. ................................. .................................

................................. ................................. ................................. .................................

................................. ................................. ................................. .................................

................................. ................................. ................................. .................................

................................0 ................................0 ................................0 ................................0

..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0

................................. ................................. ................................. .................................

................................. ................................. ................................. .................................

................................. ................................. ................................. .................................

................................. ................................. ................................. .................................

6.5 Class 5..................................................................................................... ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. 6.6 Class 6..................................................................................................... ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. 6.7 Totals....................................................................................................... .............................0 .............................0 .............................0 .............................0 .............................0 ................................0 ..........................0.0 .............................0 ................................. .............................0 .............................0 7.

Industrial & Miscellaneous (Unaffiliated), Schedules D & DA (Group 7) 7.1 Class 1..................................................................................................... ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. 7.2 Class 2..................................................................................................... ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. 7.3 7.4 7.5 7.6 7.7

44

8.

Class 3..................................................................................................... Class 4..................................................................................................... Class 5..................................................................................................... Class 6..................................................................................................... Totals....................................................................................................... Credit Tenant Loans, Schedules D & DA (Group 8)

................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. .............................0

NONE

................................0 ................................0 ................................0 ................................0 ................................0

..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0

................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. .................................

................................. ................................. ................................. ................................. .............................0

................................. ................................. ................................. ................................. .............................0

8.1 Class 1..................................................................................................... ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. 8.2 Class 2..................................................................................................... ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. 8.3 8.4 8.5 8.6 9.

Class 3..................................................................................................... Class 4..................................................................................................... Class 5..................................................................................................... Class 6.....................................................................................................

................................. ................................. ................................. .................................

................................. ................................. ................................. .................................

................................. ................................. ................................. .................................

................................. ................................. ................................. .................................

................................. ................................. ................................. .................................

................................0 ................................0 ................................0 ................................0

..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0

................................. ................................. ................................. .................................

................................. ................................. ................................. .................................

................................. ................................. ................................. .................................

................................. ................................. ................................. .................................

8.7 Totals....................................................................................................... .............................0 .............................0 .............................0 .............................0 .............................0 ................................0 ..........................0.0 Parent, Subsidiaries and Affiliates, Schedules D & DA (Group 9)

.............................0 ................................. .............................0 .............................0

9.1 9.2 9.3 9.4 9.5

................................. ................................. ................................. ................................. .................................

Class 1..................................................................................................... Class 2..................................................................................................... Class 3..................................................................................................... Class 4..................................................................................................... Class 5.....................................................................................................

................................. ................................. ................................. ................................. .................................

................................. ................................. ................................. ................................. .................................

................................. ................................. ................................. ................................. .................................

................................. ................................. ................................. ................................. .................................

................................. ................................. ................................. ................................. .................................

................................0 ................................0 ................................0 ................................0 ................................0

..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0

................................. ................................. ................................. ................................. .................................

................................. ................................. ................................. ................................. .................................

................................. ................................. ................................. ................................. .................................

9.6 Class 6..................................................................................................... ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. 9.7 Totals....................................................................................................... .............................0 .............................0 .............................0 .............................0 .............................0 ................................0 ..........................0.0 .............................0 ................................. .............................0 .............................0

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

SCHEDULE D - PART 1A - SECTION 1 (continued) Quality and Maturity Distribution of All Bonds Owned December 31, At Book/Adjusted Carrying Values By Major Types of Issues and NAIC Designations

45

10. 10.1 10.2 10.3 10.4 10.5 10.6 10.7 10.8 11. 11.1 11.2 11.3 11.4 11.5 11.6 11.7 11.8 12. 12.1 12.2 12.3 12.4 12.5 12.6 12.7 12.8 12.9 13. 13.1 13.2 13.3 13.4 13.5 13.6 13.7 13.8 13.9 (a) (b) (c)

Quality Rating per the NAIC Designation Total Bonds Current Year Class 1..................................................................................................... Class 2..................................................................................................... Class 3..................................................................................................... Class 4..................................................................................................... Class 5..................................................................................................... Class 6..................................................................................................... Totals....................................................................................................... Line 10.7 as a % of Col. 6........................................................................ Total Bonds Prior Year Class 1..................................................................................................... Class 2..................................................................................................... Class 3..................................................................................................... Class 4..................................................................................................... Class 5..................................................................................................... Class 6..................................................................................................... Totals....................................................................................................... Line 11.7 as a % of Col. 8........................................................................ Total Publicly Traded Bonds Class 1..................................................................................................... Class 2..................................................................................................... Class 3..................................................................................................... Class 4..................................................................................................... Class 5..................................................................................................... Class 6..................................................................................................... Totals....................................................................................................... Line 12.7 as a % of Col. 6........................................................................ Line 12.7 as a % of Line 10.7, Col. 6, Section 10.................................... Total Privately Placed Bonds Class 1..................................................................................................... Class 2..................................................................................................... Class 3..................................................................................................... Class 4..................................................................................................... Class 5..................................................................................................... Class 6..................................................................................................... Totals....................................................................................................... Line 13.7 as a % of Col. 6........................................................................ Line 13.7 as a % of Line 10.7, Col. 6, Section 10....................................

1 1 Year or Less

2 Over 1 Year Through 5 Years

3 Over 5 Years Through 10 Years

4 Over 10 Years Through 20 Years

5 Over 20 Years

6 Total Current Year

7 Column 6 as a % of Line 10.7

8 Total from Column 6 Prior Year

9 % from Col. 7 Prior Year

10 Total Publicly Traded

11 Total Privately Placed (a)

.............16,393,763 .............................0 .............................0 .............................0 .............................0 .............................0 .............16,393,763 ........................46.4

.............18,414,106 .............................0 .............................0 .............................0 .............................0 .............................0 .............18,414,106 ........................52.1

.............................0 .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 ..........................0.0

..................517,552 .............................0 .............................0 .............................0 .............................0 .............................0 ..................517,552 ..........................1.5

.............................0 .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 ..........................0.0

................35,325,421 ................................0 ................................0 ................................0 (c)............................0 (c)............................0 (b)............35,325,421 .........................100.0

......................100.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ......................100.0 ..............XXX...........

..............XXX........... ..............XXX........... ..............XXX........... ..............XXX........... ..............XXX........... ..............XXX........... ..............XXX........... ..............XXX...........

..............XXX........... ..............XXX........... ..............XXX........... ..............XXX........... ..............XXX........... ..............XXX........... ..............XXX........... ..............XXX...........

.............35,325,421 .............................0 .............................0 .............................0 .............................0 .............................0 .............35,325,421 ......................100.0

.............................0 .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 ..........................0.0

...............3,991,152 ................................. ................................. ................................. ................................. ................................. ...............3,991,152 ........................61.9

...............1,937,286 ................................. ................................. ................................. ................................. ................................. ...............1,937,286 ........................30.0

................................. ................................. ................................. ................................. ................................. ................................. .............................0 ..........................0.0

..................521,839 ................................. ................................. ................................. ................................. ................................. ..................521,839 ..........................8.1

................................. ................................. ................................. ................................. ................................. ................................. .............................0 ..........................0.0

..............XXX.............. ..............XXX.............. ..............XXX.............. ..............XXX.............. ..............XXX.............. ..............XXX.............. ..............XXX.............. ..............XXX..............

..............XXX........... ..............XXX........... ..............XXX........... ..............XXX........... ..............XXX........... ..............XXX........... ..............XXX........... ..............XXX...........

...............6,450,277 .............................0 .............................0 .............................0 (c).........................0 (c).........................0 (b)...........6,450,277 ......................100.0

......................100.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ......................100.0 ..............XXX...........

...............6,450,277 ................................. ................................. ................................. ................................. ................................. ...............6,450,277 ......................100.0

................................. ................................. ................................. ................................. ................................. ................................. .............................0 ..........................0.0

.............16,393,763 ................................. ................................. ................................. ................................. ................................. .............16,393,763 ........................46.4 ........................46.4

.............18,414,106 ................................. ................................. ................................. ................................. ................................. .............18,414,106 ........................52.1 ........................52.1

................................. ................................. ................................. ................................. ................................. ................................. .............................0 ..........................0.0 ..........................0.0

..................517,552 ................................. ................................. ................................. ................................. ................................. ..................517,552 ..........................1.5 ..........................1.5

................................. ................................. ................................. ................................. ................................. ................................. .............................0 ..........................0.0 ..........................0.0

................35,325,421 ................................0 ................................0 ................................0 ................................0 ................................0 ................35,325,421 .........................100.0 .........................100.0

......................100.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ......................100.0 ..............XXX........... ..............XXX...........

...............6,450,277 .............................0 .............................0 .............................0 .............................0 .............................0 ...............6,450,277 ..............XXX........... ..............XXX...........

......................100.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ......................100.0 ..............XXX........... ..............XXX...........

.............35,325,421 .............................0 .............................0 .............................0 .............................0 .............................0 .............35,325,421 ......................100.0 ......................100.0

..............XXX........... ..............XXX........... ..............XXX........... ..............XXX........... ..............XXX........... ..............XXX........... ..............XXX........... ..............XXX........... ..............XXX...........

................................. ................................. ................................. ................................. ................................. ................................. .............................0 ..........................0.0 ..........................0.0

................................. ................................. ................................. ................................. ................................. ................................. .............................0 ..........................0.0 ..........................0.0

................................. ................................. ................................. ................................. ................................. ................................. .............................0 ..........................0.0 ..........................0.0

................................. ................................. ................................. ................................. ................................. ................................. .............................0 ..........................0.0 ..........................0.0

................................. ................................. ................................. ................................. ................................. ................................. .............................0 ..........................0.0 ..........................0.0

................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 .............................0.0 .............................0.0

..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..............XXX........... ..............XXX...........

.............................0 .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 ..............XXX........... ..............XXX...........

..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..........................0.0 ..............XXX........... ..............XXX...........

..............XXX........... ..............XXX........... ..............XXX........... ..............XXX........... ..............XXX........... ..............XXX........... ..............XXX........... ..............XXX........... ..............XXX...........

.............................0 .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 ..........................0.0 ..........................0.0

Includes $..........0 freely tradable under SEC Rule 144 or qualified for resale under SEC Rule 144A. Includes $..........0 current year, $..........0 prior year of bonds with Z designations and $..........0 current year, $..........0 prior year of bonds with Z* designation. The letter "Z" means the NAIC designation was not assigned by the Securities Valuation Office (SVO) at the date of the statement. "Z*" means the SVO could not evaluate the obligation because valuation procedures for the security class are under regulatory review. Includes $..........0 current year, $..........0 prior year of bonds with 5* designations and $..........0 current year, $..........0 prior year of bonds with 6* designation. "5*" means the NAIC designation was assigned by the SVO in reliance on the insurer's certification that the issuer is current in all principal and interest payments. "6*" means the NAIC designation was assigned by the SVO due to inadequate certification of principal and interest payments.

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

SCHEDULE D - PART 1A - SECTION 2 Maturity Distribution of All Bonds Owned December 31, At Book/Adjusting Carrying Values By Major Type and Subtype of Issues 1.

2.

1.1 1.2 1.7 2.1 2.2 2.3 2.4

3.

2.5 2.6 2.7 3.1 3.2 3.3 3.4

46 4.

3.5 3.6 3.7 4.1 4.2 4.3 4.4

5.

4.5 4.6 4.7 5.1 5.2 5.3 5.4 5.5 5.6 5.7

Distribution by Type U.S. Governments, Schedules D & DA (Group 1) Issuer Obligations.................................................................................... Single Class Mortgage-Backed/Asset-Backed Securities........................ Totals....................................................................................................... All Other Governments, Schedules D & DA (Group 2) Issuer Obligations.................................................................................... Single Class Mortgage-Backed/Asset-Backed Securities........................ MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES: Defined..................................................................................................... Other........................................................................................................ MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/ ASSET-BACKED SECURITIES: Defined..................................................................................................... Other........................................................................................................ Totals....................................................................................................... States, Territories and Possessions, Guaranteed, Schedules D & DA (Group 3) Issuer Obligations.................................................................................... Single Class Mortgage-Backed/Asset-Backed Securities........................ MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES: Defined..................................................................................................... Other........................................................................................................ MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/ ASSET-BACKED SECURITIES: Defined..................................................................................................... Other........................................................................................................ Totals....................................................................................................... Political Subdivisions of States, Territories and Possessions, Guaranteed, Schedules D & DA (Group 4) Issuer Obligations.................................................................................... Single Class Mortgage-Backed/Asset-Backed Securities........................ MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES: Defined..................................................................................................... Other........................................................................................................ MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/ ASSET-BACKED SECURITIES: Defined..................................................................................................... Other........................................................................................................ Totals....................................................................................................... Special Revenue & Special Assessment Obligations, etc., Non-Guaranteed, Schedules D & DA (Group 5) Issuer Obligations.................................................................................... Single Class Mortgage-Backed/Asset-Backed Securities........................ MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES: Defined..................................................................................................... Other........................................................................................................ MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/ ASSET-BACKED SECURITIES: Defined..................................................................................................... Other........................................................................................................ Totals.......................................................................................................

1 1 Year or Less

2 Over 1 Year Through 5 Years

3 Over 5 Years Through 10 Years

4 Over 10 Years Through 20 Years

5 Over 20 Years

6 Total Current Year

7 Column 6 as a % of Line 10.7

8 Total from Column 6 Prior Year

9 % from Col. 7 Prior Year

10 Total Publicly Traded

11 Total Privately Placed

.............16,393,763 .............18,414,106 ................................. ..................517,552 ................................. ................35,325,421 ......................100.0 ...............6,450,277 ......................100.0 .............35,325,421 ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. .............16,393,763 .............18,414,106 .............................0 ..................517,552 .............................0 ................35,325,421 ......................100.0 ...............6,450,277 ......................100.0 .............35,325,421 .............................0 ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. .............................0 .............................0 .............................0 .............................0 .............................0 ................................0 ..........................0.0 .............................0 ................................. .............................0 .............................0 ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. .............................0 .............................0 .............................0 .............................0 .............................0 ................................0 ..........................0.0 .............................0 ................................. .............................0 .............................0 ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. .............................0 .............................0 .............................0 .............................0 .............................0 ................................0 ..........................0.0 .............................0 ................................. .............................0 .............................0 ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. .............................0 .............................0 .............................0 .............................0 .............................0 ................................0 ..........................0.0 .............................0 ................................. .............................0 .............................0

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

SCHEDULE D - PART 1A - SECTION 2 (continued) Maturity Distribution of All Bonds Owned December 31, At Book/Adjusted Carrying Values By Major Type and Subtype of Issues

6. 6.1 6.2 6.3 6.4

6.5 6.6 6.7 7. 7.1 7.2 7.3 7.4

47

7.5 7.6 7.7 8. 8.1 8.7 9. 9.1 9.2 9.3 9.4

9.5 9.6 9.7

Distribution by Type Public Utilities (Unaffiliated), Schedules D & DA (Group 6) Issuer Obligations.................................................................................... Single Class Mortgage-Backed/Asset-Backed Bonds............................. MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES: Defined..................................................................................................... Other........................................................................................................ MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/ ASSET-BACKED SECURITIES: Defined..................................................................................................... Other........................................................................................................ Totals....................................................................................................... Industrial & Miscellaneous (Unaffiliated), Schedules D & DA (Group 7) Issuer Obligations.................................................................................... Single Class Mortgage-Backed/Asset-Backed Bonds............................. MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES: Defined..................................................................................................... Other........................................................................................................ MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/ ASSET-BACKED SECURITIES: Defined..................................................................................................... Other........................................................................................................ Totals....................................................................................................... Credit Tenant Loans, Schedules D & DA (Group 8) Issuer Obligations.................................................................................... Totals....................................................................................................... Parent, Subsidiaries and Affiliates, Schedules D & DA (Group 9) Issuer Obligations.................................................................................... Single Class Mortgage-Backed/Asset-Backed Bonds............................. MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES: Defined..................................................................................................... Other........................................................................................................ MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/ ASSET-BACKED SECURITIES: Defined..................................................................................................... Other........................................................................................................ Totals.......................................................................................................

1 1 Year or Less

2 Over 1 Year Through 5 Years

3 Over 5 Years Through 10 Years

4 Over 10 Years Through 20 Years

5 Over 20 Years

6 Total Current Year

7 Column 6 as a % of Line 10.7

8 Total from Column 6 Prior Year

9 % from Col. 7 Prior Year

10 Total Publicly Traded

11 Total Privately Placed

................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. .................................

................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. .............................0 .............................0 .............................0 .............................0 .............................0 ................................0 ..........................0.0 .............................0 ................................. .............................0 .............................0

................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. .................................

NONE

................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. .............................0 .............................0 .............................0 .............................0 .............................0 ................................0 ..........................0.0 .............................0 ................................. .............................0 .............................0 ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. .............................0 .............................0 .............................0 .............................0 .............................0 ................................0 ..........................0.0 .............................0 ................................. .............................0 .............................0 ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. .................................

................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................0 ..........................0.0 ................................. ................................. ................................. ................................. .............................0 .............................0 .............................0 .............................0 .............................0 ................................0 ..........................0.0 .............................0 ................................. .............................0 .............................0

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

SCHEDULE D - PART 1A - SECTION 2 (continued) Maturity Distribution of All Bonds Owned December 31, At Book/Adjusted Carrying Values By Major Type and Subtype of Issues 1 1 Year or Less

48

Distribution by Type 10. Total Bonds Current Year 10.1 Issuer Obligations.................................................................................... .............16,393,763 10.2 Single Class Mortgage-Backed/Asset-Backed Bonds............................. .............................0 MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES: 10.3 Defined..................................................................................................... .............................0 10.4 Other........................................................................................................ .............................0 MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/ ASSET-BACKED SECURITIES: 10.5 Defined..................................................................................................... .............................0 10.6 Other........................................................................................................ .............................0 10.7 Totals....................................................................................................... .............16,393,763 10.8 Line 10.7 as a % of Col. 6........................................................................ ........................46.4 11. Total Bonds Prior Year 11.1 Issuer Obligations.................................................................................... ...............3,991,152 11.2 Single Class Mortgage-Backed/Asset-Backed Bonds............................. ................................. MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES: 11.3 Defined..................................................................................................... ................................. 11.4 Other........................................................................................................ ................................. MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/ ASSET-BACKED SECURITIES: 11.5 Defined..................................................................................................... ................................. 11.6 Other........................................................................................................ ................................. 11.7 Totals....................................................................................................... ...............3,991,152 11.8 Line 11.7 as a % of Col. 8........................................................................ ........................61.9 12. Total Publicly Traded Bonds 12.1 Issuer Obligations.................................................................................... .............16,393,763 12.2 Single Class Mortgage-Backed/Asset-Backed Bonds............................. ................................. MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES: 12.3 Defined..................................................................................................... ................................. 12.4 Other........................................................................................................ ................................. MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/ ASSET-BACKED SECURITIES: 12.5 Defined..................................................................................................... ................................. 12.6 Other........................................................................................................ ................................. 12.7 Totals....................................................................................................... .............16,393,763 12.8 Line 12.7 as a % of Col. 6........................................................................ ........................46.4 12.9 Line 12.7 as a % of Line 10.7, Col. 6, Section 10.................................... ........................46.4 13. Total Privately Placed Bonds 13.1 Issuer Obligations.................................................................................... ................................. 13.2 Single Class Mortgage-Backed/Asset-Backed Bonds............................. ................................. MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES: 13.3 Defined..................................................................................................... ................................. 13.4 Other........................................................................................................ ................................. MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/ ASSET-BACKED SECURITIES: 13.5 Defined..................................................................................................... ................................. 13.6 Other........................................................................................................ ................................. 13.7 Totals....................................................................................................... .............................0 13.8 Line 13.7 as a % of Col. 6........................................................................ ..........................0.0 13.9 Line 13.7 as a % of Line 10.7, Col. 6, Section 10.................................... ..........................0.0

2 Over 1 Year Through 5 Years

3 Over 5 Years Through 10 Years

4 Over 10 Years Through 20 Years

5 Over 20 Years

6 Total Current Year

7 Column 6 as a % of Line 10.7

8 Total from Column 6 Prior Year

9 % from Col. 7 Prior Year

10 Total Publicly Traded

11 Total Privately Placed

.............18,414,106 .............................0 ..................517,552 .............................0 ................35,325,421 ......................100.0 ..............XXX........... ..............XXX........... .............35,325,421 .............................0 .............................0 .............................0 .............................0 .............................0 ................................0 ..........................0.0 ..............XXX........... ..............XXX........... .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 ................................0 ..........................0.0 ..............XXX........... ..............XXX........... .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 ................................0 ..........................0.0 ..............XXX........... ..............XXX........... .............................0 .............................0 .............................0 .............................0 .............18,414,106 ........................52.1

.............................0 .............................0 .............................0 ..........................0.0

.............................0 .............................0 ..................517,552 ..........................1.5

.............................0 .............................0 .............................0 ..........................0.0

................................0 ................................0 ................35,325,421 .........................100.0

..........................0.0 ..........................0.0 ......................100.0 ..............XXX...........

..............XXX........... ..............XXX........... ..............XXX........... ..............XXX...........

..............XXX........... ..............XXX........... ..............XXX........... ..............XXX...........

.............................0 .............................0 .............35,325,421 ......................100.0

.............................0 .............................0 .............................0 ..........................0.0

...............1,937,286 ................................. ..................521,839 ................................. ..............XXX.............. ..............XXX........... ...............6,450,277 ......................100.0 ...............6,450,277 ................................. ................................. ................................. ................................. ................................. ..............XXX.............. ..............XXX........... .............................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ..............XXX.............. ..............XXX........... .............................0 ..........................0.0 ................................. ................................. ................................. ................................. ................................. ................................. ..............XXX.............. ..............XXX........... .............................0 ..........................0.0 ................................. ................................. ................................. ................................. ...............1,937,286 ........................30.0

................................. ................................. .............................0 ..........................0.0

................................. ................................. ..................521,839 ..........................8.1

................................. ................................. .............................0 ..........................0.0

..............XXX.............. ..............XXX.............. ..............XXX.............. ..............XXX..............

..............XXX........... ..............XXX........... ..............XXX........... ..............XXX...........

.............................0 .............................0 ...............6,450,277 ......................100.0

..........................0.0 ..........................0.0 ......................100.0 ..............XXX...........

................................. ................................. ...............6,450,277 ......................100.0

................................. ................................. .............................0 ..........................0.0

.............18,414,106 ................................. ..................517,552 ................................. ................35,325,421 ......................100.0 ...............6,450,277 ......................100.0 .............35,325,421 ..............XXX........... ................................. ................................. ................................. ................................. ................................0 ..........................0.0 .............................0 ..........................0.0 .............................0 ..............XXX........... ................................. ................................. ................................. ................................. ................................0 ..........................0.0 .............................0 ..........................0.0 .............................0 ..............XXX........... ................................. ................................. ................................. ................................. ................................0 ..........................0.0 .............................0 ..........................0.0 .............................0 ..............XXX........... ................................. ................................. .............18,414,106 ........................52.1 ........................52.1

................................. ................................. .............................0 ..........................0.0 ..........................0.0

................................. ................................. ..................517,552 ..........................1.5 ..........................1.5

................................. ................................. .............................0 ..........................0.0 ..........................0.0

................................0 ................................0 ................35,325,421 .........................100.0 .........................100.0

..........................0.0 ..........................0.0 ......................100.0 ..............XXX........... ..............XXX...........

.............................0 .............................0 ...............6,450,277 ..............XXX........... ..............XXX...........

..........................0.0 ..........................0.0 ......................100.0 ..............XXX........... ..............XXX...........

.............................0 .............................0 .............35,325,421 ......................100.0 ......................100.0

..............XXX........... ..............XXX........... ..............XXX........... ..............XXX........... ..............XXX...........

................................. ................................. ................................. ................................. ................................0 ..........................0.0 .............................0 ..........................0.0 ..............XXX........... .............................0 ................................. ................................. ................................. ................................. ................................0 ..........................0.0 .............................0 ..........................0.0 ..............XXX........... .............................0 ................................. ................................. ................................. ................................. ................................0 ..........................0.0 .............................0 ..........................0.0 ..............XXX........... .............................0 ................................. ................................. ................................. ................................. ................................0 ..........................0.0 .............................0 ..........................0.0 ..............XXX........... .............................0 ................................. ................................. .............................0 ..........................0.0 ..........................0.0

................................. ................................. .............................0 ..........................0.0 ..........................0.0

................................. ................................. .............................0 ..........................0.0 ..........................0.0

................................. ................................. .............................0 ..........................0.0 ..........................0.0

................................0 ................................0 ................................0 .............................0.0 .............................0.0

..........................0.0 ..........................0.0 ..........................0.0 ..............XXX........... ..............XXX...........

.............................0 .............................0 .............................0 ..............XXX........... ..............XXX...........

..........................0.0 ..........................0.0 ..........................0.0 ..............XXX........... ..............XXX...........

..............XXX........... ..............XXX........... ..............XXX........... ..............XXX........... ..............XXX...........

.............................0 .............................0 .............................0 ..........................0.0 ..........................0.0

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

Sch. DA-Pt. 2-Verification Between Years NONE Sch. DB-Pt.A-Verification Between Years NONE Sch. DB-Pt.B-Verification Between Years NONE Sch. DB-Pt.C-Verification Between Years NONE Sch. DB-Pt.D-Verification Between Years NONE Sch. DB-Pt.E-Verification NONE Sch. DB-Pt. F-Sn. 1 NONE Sch. DB-Pt. F-Sn. 2 NONE Sch. F NONE Sch. H-Pt. 1 NONE Sch. H-Pt. 2 NONE Sch. H-Pt. 3 NONE Sch. H-Pt. 4 NONE Sch. H-Pt. 5 NONE Sch. O-Pt. 1-Sn. A NONE Sch. O-Pt. 1-Sn. B NONE Sch. O-Pt. 1-Sn. C NONE 49, 50, 51, 52, 53, 54, 55, 56, 57, 58

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

Sch. O-Pt. 2-Sn. A NONE

Sch. O-Pt. 2-Sn. B NONE

Sch. O-Pt. 2-Sn. C NONE

Sch. O-Pt. 3 NONE

Sch. S-Pt. 1-Sn. 1 NONE

Sch. S-Pt. 1-Sn. 2 NONE

Sch. S-Pt. 2 NONE

59, 60, 61, 62

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

SCHEDULE S - PART 3 - SECTION 1 Reinsurance Ceded Life Insurance, Annuities, Deposit Funds and Other Liabilities Without Life or Disability Contingencies, and Related Benefits Listed by Reinsuring Company as of December 31, Current Year 1

2

3

NAIC Company Code

Federal ID Number

Effective Date

4

Name of Company

5

6

7

Reserve Credit Taken 8 9

Location

Type of Reinsurance Ceded

Amount In Force at End of Year

Current Year

Prior Year

10

Outstanding Surplus Relief 11 12

13

Premiums

Current Year

Prior Year

Modified Coinsurance Reserve

14 Funds Withheld Under Coinsurance

General Account, Non-Affiliates 60186......... 36-2554642.... .01/01/2001 ALLSTATE LIFE INSURANCE COMPANY............. 60186......... 36-2554642.... .01/01/2001 ALLSTATE LIFE INSURANCE COMPANY............. 0299999. Total - General Account, Non-Affiliates................................................................... 0399999. Total - General Account..........................................................................................

NORTHBROOK, ILLINOIS...................................... CO/G.............. NORTHBROOK, ILLINOIS...................................... CO/I................ ........................................................................................................... ...........................................................................................................

.............................. .............................. ...........................0 ...........................0

...........28,607,056 .............1,194,940 ...........29,801,996 ...........29,801,996

.............................. .............................. ...........................0 ...........................0

.............1,660,273 ..................10,000 .............1,670,273 .............1,670,273

.............................. .............................. ...........................0 ...........................0

.............................. .............................. ...........................0 ...........................0

.............................. .............................. ...........................0 ...........................0

.............................. .............................. ...........................0 ...........................0

Separate Accounts, Non-Affiliates 60186......... 36-2554642.... .01/01/2001 ALLSTATE LIFE INSURANCE COMPANY............. 60186......... 36-2554642.... .01/01/2001 ALLSTATE LIFE INSURANCE COMPANY............. 60186......... 36-2554642.... .01/01/2001 ALLSTATE LIFE INSURANCE COMPANY............. 60186......... 36-2554642.... .01/01/2001 ALLSTATE LIFE INSURANCE COMPANY............. 0599999. Total - Separate Accounts, Non-Affiliates............................................................... 0699999. Total - Separate Accounts....................................................................................... 0799999. Totals......................................................................................................................

NORTHBROOK, ILLINOIS...................................... CO/G.............. NORTHBROOK, ILLINOIS...................................... CO/I................ NORTHBROOK, ILLINOIS...................................... MCO/G........... NORTHBROOK, ILLINOIS...................................... MCO/I............. ........................................................................................................... ........................................................................................................... ...........................................................................................................

.............................. .............................. .............................. .............................. ...........................0 ...........................0 ...........................0

.........110,996,515 .............1,363,973 .............................. .............................. .........112,360,488 .........112,360,488 .........142,162,484

.............................. .............................. .............................. .............................. ...........................0 ...........................0 ...........................0

.............................. .............................. ................700,461 ..................43,500 ................743,961 ................743,961 .............2,414,234

.............................. .............................. .............................. .............................. ...........................0 ...........................0 ...........................0

.............................. .............................. .............................. .............................. ...........................0 ...........................0 ...........................0

.............................. .............................. ...........34,291,170 .............1,160,030 ...........35,451,200 ...........35,451,200 ...........35,451,200

.............................. .............................. .............................. .............................. ...........................0 ...........................0 ...........................0

63

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

Sch. S-Pt. 3-Sn. 2 NONE

Sch. S-Pt. 4 NONE

64, 65

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

SCHEDULE S - PART 5 Five-Year Exhibit of Reinsurance Ceded Business (000 Omitted) 1 2002

A.

2 2001

3 2000

4 1999

5 1998

OPERATIONS ITEMS

1.

Premiums and annuity considerations for life and accident and health contracts...................................................................................................................... .....................2,414 .................144,520 ............................... ............................... ...............................

2.

Commissions and reinsurance expense allowances.................................................. ............................... ............................... ............................... ............................... ...............................

3.

Contract claims........................................................................................................... .....................1,567 .....................1,564 ............................... ............................... ...............................

4.

Surrender benefits and withdrawals for life contracts................................................. ............................... ............................... ............................... ............................... ...............................

5.

Dividends to policyholders.......................................................................................... ............................... ............................... ............................... ............................... ...............................

6.

Reserve adjustments on reinsurance ceded............................................................... ....................(7,268) ....................(8,575) ............................... ............................... ...............................

7.

Increase in aggregate reserves for life and accident and health contracts................. ............................... ............................... ............................... ............................... ...............................

B.

BALANCE SHEET ITEMS 8.

Premiums and annuity considerations for life and accident and health contracts deferred and uncollected............................................................................. ............................... ............................... ............................... ............................... ...............................

9.

Aggregate reserves for life and accident and health contracts................................... ...................26,455 ...................22,919 ............................... ............................... ...............................

10.

Liability for deposit-type contracts............................................................................... .....................3,347 ............................... ............................... ............................... ...............................

11.

Contract claims unpaid................................................................................................ ............................... ............................... ............................... ............................... ...............................

12.

Amounts recoverable on reinsurance......................................................................... ............................... ............................... ............................... ............................... ...............................

13.

Experience rating refunds due or unpaid.................................................................... ............................... ............................... ............................... ............................... ...............................

14.

Policyholders' dividends (not included in Line 10)....................................................... ............................... ............................... ............................... ............................... ...............................

15.

Commissions and reinsurance expense allowances unpaid....................................... ............................... ............................... ............................... ............................... ...............................

16.

Unauthorized reinsurance offset................................................................................. ............................... ............................... ............................... ............................... ...............................

C.

UNAUTHORIZED REINSURANCE (DEPOSITS BY AND FUNDS WITHHELD FROM)

17.

Funds deposited by and withheld from (F).................................................................. ............................... ............................... ............................... ............................... ...............................

18.

Letters of credit (L)...................................................................................................... ............................... ............................... ............................... ............................... ...............................

19.

Trust agreements (T).................................................................................................. ............................... ............................... ............................... ............................... ...............................

20.

Other (O)..................................................................................................................... ............................... ............................... ............................... ............................... ...............................

66

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

SCHEDULE S - PART 6 Restatement of Balance Sheet to Identify Net Credit for Ceded Reinsurance 1 As Reported (Net of Ceded)

2 Restatement Adjustments

3 Restated (Gross of Ceded)

ASSETS (Page 2, Col. 3) 1.

Cash and invested assets (Line 11)........................................................................................... ...............................37,686,159 .................................................. ...............................37,686,159

2.

Reinsurance ceded (Line 12)..................................................................................................... ........................................2,809 .................................................. ........................................2,809

3.

Life & annuity premiums deferred & uncollected (Line 16)........................................................ .................................................. .................................................. ...............................................0

4.

A&H premiums due and unpaid (Line 17).................................................................................. .................................................. .................................................. ...............................................0

5.

Net credit for ceded reinsurance................................................................................................ .....................XXX...................... ...............................29,801,996 ...............................29,801,996

6.

All other admitted assets (balance)............................................................................................ ....................................558,119 .................................................. ....................................558,119

7.

Total assets excluding Separate Accounts (Line 25)................................................................. ...............................38,247,088 ...............................29,801,996 ...............................68,049,084

8.

Separate Account Assets (Line 26)........................................................................................... ...............................40,183,558 .................................................. ...............................40,183,558

9.

Total assets (Line 27)................................................................................................................ ...............................78,430,646 ...............................29,801,996 .............................108,232,642 LIABILITIES, CAPITAL AND SURPLUS (Page 3)

10. Contract reserves (Lines 1 and 2).............................................................................................. .................................2,377,203 ...............................26,455,407 ...............................28,832,610 11. Liability for deposit-type contracts (Line 3)................................................................................ .................................................. .................................3,346,589 .................................3,346,589 12. Claim reserves (Line 4).............................................................................................................. .................................................. .................................................. ...............................................0 13. Policyholder dividends/reserves (Lines 5 through 7)................................................................. .................................................. .................................................. ...............................................0 14. Premium & annuity considerations received in advance (Line 8).............................................. .................................................. .................................................. ...............................................0 15. Other contract liabilities (Line 9)................................................................................................ .................................................. .................................................. ...............................................0 16. Reinsurance in unauthorized companies (Line 24.2)................................................................. .................................................. .................................................. ...............................................0 17. Funds held under reinsurance with unauthorized reinsurers (Line 24.3)................................... .................................................. .....................XXX...................... ...............................................0 18. All other liabilities (balance)....................................................................................................... ....................................144,726 .................................................. ....................................144,726 19. Total liabilities excluding Separate Accounts (Line 26).............................................................. .................................2,521,929 ...............................29,801,996 ...............................32,323,925 20. Separate Account liabilities (Line 27)......................................................................................... ...............................40,183,558 .................................................. ...............................40,183,558 21. Total liabilities (Line 28)............................................................................................................. ...............................42,705,487 ...............................29,801,996 ...............................72,507,483 22. Capital & surplus (Line 38)......................................................................................................... ...............................35,725,159 .....................XXX...................... ...............................35,725,159 23. Total liabilities, capital & surplus (Line 39)................................................................................. ...............................78,430,646 ...............................29,801,996 .............................108,232,642 NET CREDIT FOR CEDED REINSURANCE 24. Contract reserves....................................................................................................................... ...............................26,455,407 25. Claim reserves........................................................................................................................... ...............................................0 26. Policyholder dividends/reserves................................................................................................ ...............................................0 27. Premium & annuity considerations received in advance........................................................... ...............................................0 28. Liability for premium & other deposit funds................................................................................ .................................3,346,589 29. Other contract liabilities.............................................................................................................. ...............................................0 30. Reinsurance ceded assets......................................................................................................... ...............................................0 31. Other ceded reinsurance recoverables...................................................................................... ...............................................0 32. Total ceded reinsurance recoverables....................................................................................... ...............................29,801,996 33. Life & annuity premiums deferred & uncollected....................................................................... ...............................................0 34. A&H premiums due and unpaid................................................................................................. ...............................................0 35. Reinsurance in unauthorized companies................................................................................... ...............................................0 36. Other ceded reinsurance payables/offsets................................................................................ ...............................................0 37. Total ceded reinsurance payables/offsets................................................................................. ...............................................0 38. Total net credit for ceded reinsurance....................................................................................... ...............................29,801,996

67

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

SCHEDULE T - PREMIUMS AND ANNUITY CONSIDERATIONS Allocated by States and Territories 1

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. 50. 51. 52. 53. 54. 55. 56. 57. 58. 90. 91. 92. 93. 94. 95. 96. 97. 98. 99. 5701. 5702. 5703. 5798. 5799. 9401. 9402. 9403. 9498. 9499.

States, Etc. Alabama......................................................................................AL Alaska.........................................................................................AK Arizona........................................................................................AZ Arkansas.....................................................................................AR California.....................................................................................CA Colorado.....................................................................................CO Connecticut.................................................................................CT Delaware.....................................................................................DE District of Columbia.....................................................................DC Florida..........................................................................................FL Georgia.......................................................................................GA Hawaii...........................................................................................HI Idaho............................................................................................ID Illinois............................................................................................IL Indiana..........................................................................................IN Iowa..............................................................................................IA Kansas........................................................................................KS Kentucky.....................................................................................KY Louisiana.....................................................................................LA Maine..........................................................................................ME Maryland.....................................................................................MD Massachusetts............................................................................MA Michigan.......................................................................................MI Minnesota...................................................................................MN Mississippi..................................................................................MS Missouri......................................................................................MO Montana......................................................................................MT Nebraska.....................................................................................NE Nevada........................................................................................NV New Hampshire..........................................................................NH New Jersey..................................................................................NJ New Mexico................................................................................NM New York....................................................................................NY North Carolina.............................................................................NC North Dakota...............................................................................ND Ohio............................................................................................OH Oklahoma...................................................................................OK Oregon........................................................................................OR Pennsylvania...............................................................................PA Rhode Island................................................................................RI South Carolina............................................................................SC South Dakota..............................................................................SD Tennessee..................................................................................TN Texas...........................................................................................TX Utah.............................................................................................UT Vermont.......................................................................................VT Virginia........................................................................................VA Washington................................................................................WA West Virginia..............................................................................WV Wisconsin....................................................................................WI Wyoming....................................................................................WY American Samoa.........................................................................AS Guam..........................................................................................GU Puerto Rico.................................................................................PR US Virgin Islands..........................................................................VI Canada.......................................................................................CN Aggregate Other Alien................................................................OT Subtotal............................................................................................ Reporting entity contributions for employee benefit plans............... Dividends or refunds applied to purchase paid-up additions and annuities.................................................................................... Dividends or refunds applied to shorten endowment or premium paying period.................................................................... Premium or annuity considerations waived under disability or other contract provisions.............................................................. Aggregate other amounts not allocable by State............................. Totals (Direct Business)................................................................... Plus reinsurance assumed............................................................... Totals (All Business)........................................................................ Less reinsurance ceded................................................................... Totals (All Business) less reinsurance ceded..................................

Is Insurer Licensed? (Yes or No) ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......Yes......... ......No........... ......No........... ......No........... ......No........... ......No........... ......XXX........ (a)............51 ......XXX........

2

Life Contracts

Life Insurance Premiums ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ .............................0 .............................0 ................................

3

Annuity Considerations ................................ ................................ ................................ ......................6,691 ..................762,354 ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ....................43,325 ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ....................16,822 ................................ ................................ ................................ ....................50,337 ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ .............................0 ..................879,529 ................................

Direct Business Only 4 Accident and Health Insurance Premiums, Including Policy, Membership and Other Fees ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................0 ...................................0 ......................................

5

6

Deposit-Type Contract Funds ................................ ................................ ....................33,474 ....................73,943 ....................68,482 ..................108,796 ....................42,323 ................................ ................................ ..................149,115 ................................ ................................ ................................ ................................ ................................ ................................ ....................72,726 ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ ......................6,677 ................................ ................................ ................................ ................................ ..................145,239 ................................ ................................ ....................19,262 ................................ ................................ ................................ ................................ ................................ ................................ ................................ ..................148,084 ................................ ................................ ................................ ....................39,986 ................................ ................................ ................................ ................................ ................................ ................................ ................................ ................................ .............................0 ..................908,107 ................................

Other Considerations ................1,450 ................5,490 ............111,036 ..............11,200 ............131,138 ................9,400 ..............15,950 ..............13,943 ..............21,700 ............130,864 ................4,800 .......................... .......................... ............301,334 ................1,200 ................1,261 ................6,200 ................5,800 ...................100 ................2,000 ..............50,050 ..............53,500 ..............46,353 ..............46,167 ................3,000 ..............24,270 .......................... .......................... .......................... .......................... ..............48,942 .......................... ............179,380 .......................... .......................... ..............12,077 .......................... .......................... ..............20,110 ................4,200 ..............34,100 .......................... ................3,970 ..............20,322 ..............35,000 .......................... ............166,500 ..............74,572 .......................... ..............42,150 ................5,000 .......................... .......................... .......................... .......................... .......................... ..............80,000 .........1,724,528 ..........................

......XXX........ ................................ ................................ ...................................... ................................ .......................... ......XXX........ ................................ ................................ ...................................... ................................ ..........................

......XXX........ ................................ ................................ ...................................... ......XXX........ .............................0 .............................0 ...................................0 ......XXX........ .............................0 ..................879,529 ...................................0 ......XXX........ ................................ ................................ ...................................... ......XXX........ .............................0 ..................879,529 ...................................0 ......XXX........ ................................ ..................879,529 ...................................... ......XXX........ .............................0 .............................0 (b)..............................0 DETAILS OF WRITE-INS Foreign............................................................................................. ......XXX........ ................................ ................................ ...................................... ......................................................................................................... ......XXX........ ................................ ................................ ...................................... ......................................................................................................... ......XXX........ ................................ ................................ ...................................... Summary of remaining write-ins for line 57 from overflow page...... ......XXX........ .............................0 .............................0 ...................................0 Total (Lines 5701 thru 5703 plus 5798) (Line 57 above)................. ......XXX........ .............................0 .............................0 ...................................0 ......................................................................................................... ......XXX........ ................................ ................................ ...................................... ......................................................................................................... ......XXX........ ................................ ................................ ...................................... ......................................................................................................... ......XXX........ ................................ ................................ ...................................... Summary of remaining write-ins for line 94 from overflow page...... ......XXX........ .............................0 .............................0 ...................................0 Total (Lines 9401 thru 9403 plus 9498) (Line 94 above)................. ......XXX........ .............................0 .............................0 ...................................0 Explanation of basis of allocation by states, etc., of premiums and annuity considerations.

(a) Insert the number of yes responses except for Canada and Other Alien. (b) Column 4 should balance with Exhibit 1, Lines 6.4, 10.4 and 16.4, Cols. 8, 9, and 10, or with Schedule H, Part 1, Column, Line 1. Indicate which:

68

................................ .............................0 ..................908,107 ................................ ..................908,107 ..................828,910 ....................79,197

.......................... .......................0 .........1,724,528 .......................... .........1,724,528 .........1,534,705 ............189,823

................................ ................................ ................................ .............................0 .............................0 ................................ ................................ ................................ .............................0 .............................0

..............80,000 .......................... .......................... .......................0 ..............80,000 .......................... .......................... .......................... .......................0 .......................0

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

SCHEDULE Y – INFORMATION CONCERNING ACTIVITIES OF INSURER MEMBERS OF A HOLDING COMPANY GROUP PART 1 – ORGANIZATIONAL CHART

NORTH AMERICAN PROPERTY/CASUALTY OPERATIONS *Hartford Fire Insurance Company 06-0383750/NAIC #19682/CT (100% of common stock owned by The Hartford Financial Services Group, Inc. 13-3317783/DE) *Hartford Casualty Insurance Company 06-0294398/NAIC #29424/IN Omni Insurance Group, Inc. 58-1680624/GA *Omni Insurance Company 58-1408232/NAIC #39098/IL *Omni Indemnity Company 58-1189287/NAIC #34940/IL Omni General Agency, Inc. 74-2734608/TX *Hartford Underwriters Insurance Company 06-1222527 /NAIC #30104/CT Hartford Risk Management, Inc. (90% owned) 13-2765326/DE *Twin City Fire Insurance Company 06-0732738/NAIC #29459/IN *Hartford Insurance Company of Illinois 06-1010609/NAIC #38288/IL *Hartford Lloyd’s Insurance Company 06-1007031/NAIC #38253/TX Four Thirty Seven Land Company 13-2852356/DE (37.5% owned) *Hartford Accident and Indemnity Company 06-0383030/NAIC #22357/CT *Pacific Insurance Company, Limited 06-1401918/NAIC #10046/CT Four Thirty Seven Land Company 13-2852356/DE (62.5% owned)

69

Specialty Risk Services, Inc. 06-1317292/DE HARCO Property Services, Inc. 06-1107677/CT HRA, Inc. 06-1185090/CT HRA Brokerage Services, Inc. 06-1126749/CT The Hartford Fidelity & Bonding Company 06-1493421/CT Access Coverage Corp., Inc. 56-2160819/NC *Nutmeg Insurance Company 06-1032405/NAIC #39608/CT (100% of common stock owned by The Hartford Holdings, Inc. 22-3866674/DE Hartford Management, Ltd. (Bermuda) *Hartford Insurance Ltd. (Bermuda) HartRe Group, LLC 06-1032405/CT *Sentinel Insurance Company, Ltd. 06-1552103/NAIC #11000/CT *Fencourt Reinsurance Company, Ltd. 06-1323788 (Bermuda) Trumbull Associates, LLC 06-1521834/CT Trumbull Recovery Services, Inc. 59-3021034/FL PPL Holdings, LLC 27-0008094/DE *Hartford Insurance Company of the Midwest 06-1008026/NAIC #37478/IN (100% of common stock owned by The Hartford Financial Services Group, Inc. 13-3317783/DE) *Hartford Insurance Company of the Southeast 06-1013048/NAIC #38261/FL (100% of common stock owned by The Hartford Financial Services Group, Inc. 13-3317783/DE) *Trumbull Insurance Company 06-1184984/NAIC #27120/CT (100% of common stock owned by The Hartford Financial Services Group, Inc. 13-3317783/DE) Hartford Technology Services Company, LLC 06-1552692/DE Horizon Management Group, LLC 06-1526449/DE *Property and Casualty Insurance Company of Hartford 06-1276326/NAIC #34690/IN (100% of common stock owned by The Hartford Financial Services Group, Inc. 13-3317783/DE) *denotes an insurance company

LIFE OPERATIONS Hartford Holdings, Inc. 22-3866674/DE (100% of common stock owned by The Hartford Financial Services Group, Inc. 13-3317783/DE) Hartford Life, Inc. 06-1470915/DE *Hartford Life and Accident Insurance Company 06-0838648/NAIC #70815/CT *Hartford Life Insurance Company, KK (Japan) *Hart Life Insurance Company 22-1771521/NAIC #60348/CT *American Maturity Life Insurance Company 06-1422508 /NAIC #81213/CT Hartford Financial Services Life Insurance Company 06-1134817/CT *Hartford Life Insurance Company 06-0974148/NAIC #88072/CT *Hartford International Life Reassurance Corporation 06-1207332/NAIC #93505/CT *Servus Life Insurance Company 13-6150240/NAIC #80586/CT *Hartford Life and Annuity Insurance Company 39-1052598/NAIC #71153/CT *Hartford Life, Ltd. AA-3190021 (Bermuda) Hopmeadow Holdings S.A. (.1% owned) (Argentina) *Nutmeg Life Insurance Company / 06-1566092/NAIC #63444/IA International Corporate Marketing Group, Inc. 22-3198854/CT The Evergreen Group, Inc. 13-3216939/NY Hartford Administrative Services Company 41-0679409/MN Woodbury Financial Services, Inc. 41-0944586/MN Planco, Inc. 23-2079123/PA Planco Financial Services, Inc. 23-2132791/PA Hartford Financial Services LLC 52-2137766/DE HL Investment Advisors, LLC 06-1534085/CT Hartford Investment Financial Services, LLC 06-1629808 Hartford Investments Canada Corp. 98-0219177 Hartford-Comprehensive Employee Benefit Service Company 06-1120503/CT Hartford Equity Sales Company, Inc. 06-0896599/CT Hartford Securities Distribution Company 06-1408044/CT Hartford Life International Ltd. 06-1293360/CT Hopmeadow Holdings S.A. (99.9% owned) (Argentina) *Hartford Seguros De Retiro S.A., (Argentina) *ICATU Hartford Seguros S.A., (47.5% owned) (Brazil) *ICATU Hartford Administracao de Beneficios LTDA, (Brazil) *ICATU Hartford Fundo de Pensao, (Brazil *ICATU Hartford Capitalizacao S.A. (Brazil) *Brazilcap Capitalizacao S.A. (16.67% owned) (Brazil) *Fedcap Capitalizacao S.A. (24.5% owned) (Brazil)

INTERNATIONAL OPERATIONS *Hartford Fire Insurance Company 06-0383750 /NAIC #19682/CT (100% of common stock owned by The Hartford Financial Services Group, Inc. 13-3317783/DE) *Heritage Reinsurance Company, Ltd. (99.4% owned) 98-0188675 (Bermuda) *Excess Insurance Company, Limited (United Kingdom) The Hartford International Financial Services Group, Inc. 06-1132748/DE

OTHER OPERATIONS OWNED BY THE HARTFORD FINANCIAL SERVICES GROUP, INC. Hartford Holdings, Inc. 22-3866674/DE The Hartford Investment Management Company 06-1472135/DE Hartford Investment Services, Inc. 06-0883503/CT Heritage Holdings, Inc. 06-1442285/CT *First State Insurance Company 04-2198460 /NAIC #21822/CT *New England Insurance Company 04-2177185 /NAIC #21830/CT *New England Reinsurance Corporation 06-1053492 /NAIC #41629/CT *Heritage Reinsurance Company, Ltd. (.6% owned) 98-0188675 (Bermuda) *New Ocean Insurance Co., Ltd. 98-0188674 (Bermuda) Trumbull Finance, LLC 06-1521832/CT

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

SCHEDULE Y (Continued) 1

NAIC Company Code

2

Federal ID Number

70

Affiliated Transactions ............................ 13-3317783.............. 39608.................. 06-1032405.............. 19682.................. 06-0383750.............. 22357.................. 06-0383030.............. 10046.................. 06-1401918.............. 11000.................. 06-1552103.............. 29424.................. 06-0294398.............. 30104.................. 06-1222527.............. 34690.................. 06-1276326.............. 27120.................. 06-1184984.............. 38261.................. 06-1013048.............. 37478.................. 06-1008026.............. 29459.................. 06-0732738.............. 38288.................. 06-1010609.............. 38253.................. 06-1007031.............. ............................ 06-1470915.............. 70815.................. 06-0838648.............. ............................ 00-0000000.............. 60348.................. 22-1771521.............. 88072.................. 06-0974148.............. ............................ 06-1134817.............. 71153.................. 39-1052598.............. ............................ 22-3198854.............. ............................ 13-3216939.............. ............................ 06-1293360.............. 93505.................. 06-1207332.............. ............................ AA-3190021............. ............................ 27-0008094.............. ............................ 22-3866674.............. ............................ 06-1132748.............. ............................ 98-0219177.............. ............................ 00-0000000.............. ............................ 58-1680624.............. 39098.................. 58-1408232.............. 34940.................. 58-1189287.............. ............................ 74-2734608.............. ............................ 06-1472135.............. ............................ 06-0883503.............. ............................ 06-1442285.............. ............................ 98-0188675.............. ............................ 00-0000000.............. 21822.................. 04-2198460.............. 21830.................. 04-2177185.............. 41629.................. 06-1053492.............. ............................ 06-1107677.............. ............................ 13-2852356.............. ............................ 06-1185090..............

3

PART 2 - SUMMARY OF INSURER'S TRANSACTIONS WITH ANY AFFILIATES 4

5

6

Names of Insurers and Parent, Subsidiaries or Affiliates

Shareholder Dividends

Capital Contributions

Purchases, Sales or Exchanges of Loans, Securities, Real Estate, Mortgage Loans or Other Investments

The Hartford Financial Services Grp., Inc................................ Nutmeg Insurance Company................................................... Hartford Fire Insurance Company............................................ Hartford Accident & Indemnity Company................................. Pacific Insurance Company, Limited........................................ Sentinel Insurance Company, Ltd............................................ Hartford Casualty Insurance Company.................................... Hartford Underwriters Insurance Company............................. Property & Casualty Ins. Co. of Hartford.................................. Trumbull Insurance Company.................................................. Hartford Insurance Co. of the Southeast................................. Hartford Insurance Co. of the Midwest.................................... Twin City Fire Insurance Company.......................................... Hartford Insurance Company of Illinois.................................... Hartford Lloyd's Insurance Company....................................... Hartford Life, Inc...................................................................... Hartford Life & Accident Insurance Co..................................... Hartford Life Insurance Company, KK (Japan)........................ Hart Life Insurance Company.................................................. Hartford Life Insurance Company............................................ Hartford Financial Services Life Ins. Co................................... Hartford Life & Annuity Insurance Company............................ International Corporate Marketing Group, Inc.......................... The Evergreen Group, Inc....................................................... Hartford Life International, Ltd................................................. Hartford International Life Reassurance Corporation.............. Hartford Life, Ltd. (Bermuda)................................................... PPL Holdings, LLC................................................................... Hartford Holdings, Inc.............................................................. The Hartford International Financial Services Group, Inc........ Hartford Investments Canada Corp......................................... Hartford Insurance, Ltd. (Bermuda)........................................ Omni Insurance Group, Inc...................................................... Omni Insurance Company....................................................... Omni Indemnity Company....................................................... Omni General Agency, Inc....................................................... The Hartford Investment Management Co............................... Hartford Investment Services, Inc............................................ Heritage Holdings, Inc.............................................................. Heritage Reinsurance Company, Ltd. (Bermuda).................... Excess Insurance Company, Limited (United Kingdom).......... First State Insurance Company............................................... New England Insurance Company.......................................... New England Reinsurance Corporation................................... HARCO Property Services, Inc................................................ Four Thirty-Seven Land Company........................................... HRA, Inc...................................................................................

................223,545,030 ..................................... ................141,711,249 ....................2,957,157 ...................(7,000,000) ..................................... .................(20,500,000) .................(20,000,000) ..................................... ..................................... ..................................... ...................(2,500,000) ...................(5,000,000) ..................................... ..................................... ..................80,400,000 .................(59,900,000) ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... .................(12,000,000) ..................................... ..................................... ..................................... ...............(192,960,000) .................(13,253,437) ..................................... ..................................... ..................................... .......................250,000 ..................................... ......................(250,000) ..................................... ..................................... ..................................... ..................10,000,001 ..................................... ..................................... ..................................... ..................................... ...................(5,000,000) ..................................... .....................................

...............(465,125,628) ...................(5,000,000) .................(39,551,908) ................226,973,701 ..................................... ..................................... ..................38,187,683 ..................27,772,860 ....................3,471,608 ....................3,471,608 ....................3,471,608 ....................3,471,608 ..................10,414,823 ..................70,126,472 ..................................... ...............(160,000,000) .................(83,093,732) ..................74,297,623 ..................................... ..................................... ..................................... ................235,000,000 ..................................... ..................................... ..................................... ..................................... ..................................... ....................5,000,000 ..................42,315,567 ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... .................(30,961,734) ..................15,480,867 ..................15,480,867 ..................................... ..................................... .....................................

..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... .....................................

7 Income/ (Disbursements) Incurred in Connection with Guarantees or Undertakings for the Benefit of any Affiliate(s)

8

Management Agreements and Service Contracts

..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... .....................................

...............(180,971,512) ..................27,862,932 ................155,148,593 ..................67,845,440 ....................4,983,480 .......................985,566 ..................16,391,376 ..................12,172,858 ....................1,317,883 ....................1,265,865 ....................1,440,881 ....................5,159,753 ....................6,030,524 ..................17,618,206 .......................981,066 ...............(122,571,814) ..................30,810,287 ..................................... .......................115,605 ....................7,168,566 ...........................7,783 .................(85,125,130) .......................129,465 .........................49,522 .................(11,146,400) ....................4,178,348 ...................(2,066,246) ......................(794,000) ..................................... ...................(9,611,765) ......................(741,529) ..................................... ......................(101,497) ....................6,482,654 ...................(7,696,769) .........................49,098 ..................14,425,238 .......................104,178 ..................................... ....................7,456,357 ..................................... .................(30,781,206) ....................3,904,116 ....................1,771,077 .......................948,347 ..............................288 ......................(116,511)

9

10

11

12

13

*

Any Other Material Activity Not in the Ordinary Course of the Insurer's Business

Totals

Reinsurance Recoverable/ (Payable) on Losses and/or Reserve Credit Taken/ (Liability)

Income/ (Disbursements) Incurred under Reinsurance Agreements ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. .................................

....... ...*... ...*... ...*... ...*... ...*... ...*... ...*... ...*... ...*... ...*... ...*... ...*... ...*... ...*... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ...*... ...*... ...*... ....... ....... .......

................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ...................................

...............(422,552,110) ..................22,862,932 ................257,307,934 ................297,776,298 ...................(2,016,520) .......................985,566 ..................34,079,059 ..................19,945,718 ....................4,789,491 ....................4,737,473 ....................4,912,489 ....................6,131,361 ..................11,445,347 ..................87,744,678 .......................981,066 ...............(202,171,814) ...............(112,183,445) ..................74,297,623 .......................115,605 ....................7,168,566 ...........................7,783 ................149,874,870 .......................129,465 .........................49,522 .................(23,146,400) ....................4,178,348 ...................(2,066,246) ....................4,206,000 ...............(150,644,433) .................(22,865,202) ......................(741,529) ..................................0 ......................(101,497) ....................6,732,654 ...................(7,696,769) ......................(200,902) ..................14,425,238 .......................104,178 ..................................0 ..................17,456,358 ..................................0 .................(61,742,940) ..................19,384,983 ..................17,251,944 ...................(4,051,653) ..............................288 ......................(116,511)

..................................... ..................94,145,000 ................984,650,492 ............(3,808,798,000) .................(16,698,000) .................(35,731,000) ................555,302,000 ................829,009,000 ................148,953,000 ..................13,238,000 ..................44,102,000 .............1,177,754,000 .............1,475,255,000 ............(1,302,990,000) ..................79,654,000 ..................................... .................(58,000,493) ..................................... ..................................... ....................1,837,001 ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... .................(57,550,000) ..................................... ..................................... ..................................... ..................................... ..................................... ............(1,649,895,000) ..................37,008,000 .............1,421,734,000 ..................81,074,000 ...................(5,642,000) ..................................... ..................................... .....................................

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

SCHEDULE Y (Continued) 1

NAIC Company Code

70.1

............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ 80586.................. 63444.................. ............................ ............................ ............................ 81213.................. ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ 9999999.

2

Federal ID Number

3

Names of Insurers and Parent, Subsidiaries or Affiliates

06-1126749.............. HRA Brokerage Services, Inc.................................................. 06-1521834.............. Trumbull Associates, LLC........................................................ 06-1521832.............. Trumbull Finance, LLC............................................................. 06-1552692.............. Hartford Technology Services Co., LLC.................................. 06-1526449.............. Horizon Managment Group, LLC............................................. 13-2765326.............. Hartford Risk Management, Inc............................................... 59-3021034.............. Trumbull Recovery Services, Inc............................................. 06-1323788.............. Fencourt Reinsurance Company, Ltd. (Bermuda)................... 98-0188674.............. New Ocean Insurance Company, Ltd (Bermuda).................... 06-1120503.............. Hartford-Comp. Employee Ben. Svc. Co................................. 06-0896599.............. Hartford Equity Sales Co., Inc.................................................. 06-1534085.............. HL Investment Advisors, LLC.................................................. 23-2079123.............. Planco Incorporated................................................................. 23-2132791.............. Planco Financial Services, Inc................................................. 13-6150240.............. Servus Life Insurance Company.............................................. 06-1566092.............. Nutmeg Life Insurance Company............................................ 06-1493421.............. The Hartford Fidelity and Bonding Company........................... 00-0000000.............. Hartford Management, Ltd. (Bermuda).................................... 06-1032405.............. HartRe Group, LLC.................................................................. 06-1422508.............. American Maturity Life Insurance Company............................ 00-0000000.............. Hopmeadow Holdings (Argentina)........................................... 00-0000000.............. Hartford Seguros De Retiro S.A., (Argentina).......................... 00-0000000.............. ICATU Hartford Seguros S.A., (Brazil)..................................... 00-0000000.............. ICATU Hartford Administracao de Beneficios LTDA, (Brazil).. 00-0000000.............. ICATU Hartford Fundo de Pensao, (Brazil)............................. 00-0000000.............. ICATU Hartford Capitalizacao S.A. (Brazil)............................. 00-0000000.............. Brazilcap Capitalizacao S.A. (Brazil)....................................... 00-0000000.............. Fedcap Capitalizacao S.A. (Brazil).......................................... 56-2160819.............. Access Coverage Corp., Inc.................................................... 41-0679409.............. Hartford Administrative Services Company............................. 41-0944586.............. Woodbury Financial Services, Inc............................................ 52-2137766.............. Hartford Financial Services, LLC............................................. 06-1629808.............. Hartford Investment Financial Services, LLC........................... 06-1317292.............. Specialty Risk Services, Inc..................................................... 06-1408044.............. Hartford Securities Distribution Company................................ 00-0000000.............. Hartford Bank, FSB (Federal).................................................. Control Totals..............................................................................................................

PART 2 - SUMMARY OF INSURER'S TRANSACTIONS WITH ANY AFFILIATES 4

5

6

Capital Contributions

Purchases, Sales or Exchanges of Loans, Securities, Real Estate, Mortgage Loans or Other Investments

7 Income/ (Disbursements) Incurred in Connection with Guarantees or Undertakings for the Benefit of any Affiliate(s)

Shareholder Dividends ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ...................(8,500,000) ..................................... .................(66,000,000) ..................................... .................(46,000,000) ..................................... ..................................... ..................................0

8

Management Agreements and Service Contracts

..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ....................1,284,109 ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... .........................12,000 ..................................... ..................................... ....................7,500,000 ..................................... ..................................0

..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................0

..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................0

.......................121,959 ...................(4,388,269) .........................11,847 .........................37,585 ....................2,695,617 ....................1,448,189 ..........................(9,093) ....................1,006,579 ......................(115,548) .........................17,773 .........................16,339 ..................57,323,097 ....................1,086,513 .........................21,662 ..................................... .......................119,497 ................................19 ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ...................(1,987,505) ...................(6,086,407) ...................(1,608,149) ..................................... ..................................... ....................5,415,182 .............................(365) ......................(207,495) ..................................0

9

10

11

12

13

*

Any Other Material Activity Not in the Ordinary Course of the Insurer's Business

Totals

Reinsurance Recoverable/ (Payable) on Losses and/or Reserve Credit Taken/ (Liability)

Income/ (Disbursements) Incurred under Reinsurance Agreements ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ................................. ..............................0

....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... ....... XXX

................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................0

.......................121,959 ...................(4,388,269) .........................11,847 .........................37,585 ....................2,695,617 ....................1,448,189 ..........................(9,093) ....................1,006,579 ......................(115,548) .........................17,773 .........................16,339 ..................58,607,206 ....................1,086,513 .........................21,662 ..................................0 .......................119,497 ................................19 ..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ..................................0 ...................(1,987,505) .................(14,586,407) ...................(1,608,149) .................(65,988,000) ..................................0 .................(40,584,818) ....................7,499,635 ......................(207,495) ..................................0

..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ...................(8,411,000) ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................0

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

SUPPLEMENTAL EXHIBITS AND SCHEDULES INTERROGATORIES The following supplemental reports are required to be filed as part of your statement filing. However, in the event that your company does not transact the type of business for which the special report must be filed, your response of NO to the specific interrogatory will be accepted in lieu of filing a "NONE" report and a bar code will be printed below. If the supplement is required of your company but is not being filed for whatever reason, enter SEE EXPLANATION and provide an explanation following the interrogatory questions. MARCH FILING 1. Will Schedule SIS (Stockholder Information Supplement) be filed with the state of domicile by March 1? 2. Will the Medicare Supplement Insurance Experience Exhibit be filed with the state of domicile and the NAIC by March 1? 3. Will the SVO Compliance Certification be filed by March 1? 4. Will the Trusteed Surplus Statement be filed with the state of domicile and the NAIC by March 1? 5. Will the Supplemental Compensation Exhibit be filed with the state of domicile by March 1? 6. Will the Risk-Based Capital Report be filed with the NAIC by March 1? 7. Will the Risk-Based Capital Report be filed with the state of domicile, if required, by March 1? 8. Will the statement on non-guaranteed elements as required in interrogatory #3 to Exhibit 5 be filed by March 1? 9. Will an actuarial opinion be filed with this statement by March 1? 10. Will the Workers' Compensation Carve-Out Supplement be filed by March 1? 11. Will the Long-term Care Insurance Exhibit be filed with the state of domicile and the NAIC by March 1? APRIL FILING 12. Will the Long-Term Care Experience Reporting Forms be filed with the state of domicile and the NAIC by April 1? 13. Will Management's Discussion and Analysis be filed by April 1? 14. Will the Interest-Sensitive Life Insurance Products Report Forms be filed with the state of domicile and the NAIC by April 1? 15. Will the Credit Insurance Experience Exhibit be filed with the state of domicile and the NAIC by April 1? 16. Will the Life, Health & Annuity Guaranty Association Model Act Assessment Base Reconciliation Exhibit be filed with the state of domicile and the NAIC by April 1? 17. Will the Adjustment Form (if required) by filed with state of domicile and the NAIC by April 1? 18. Will the Accident and Health Policy Experience Exhibit be filed by April 1? 19. Will the Investment Risk Interrogatories be filed by April 1? JUNE FILING 20. Will an audited financial report be filed by June 1? EXPLANATIONS:

BAR CODE:

*81213200242000000* *81213200233000000* *81213200236000000* *81213200228000000* *81213200249000000* *81213200223000000*

*81213200221000000*

*81213200249500000* *81213200234000000* 71

RESPONSES NO NO YES NO YES YES YES YES YES NO NO NO YES NO NO YES YES NO YES YES

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

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Sch. BA-Pt. 1 NONE

Sch. BA-Pt. 2 NONE 72P, 72L, E01, E02, E03, E04, E05, E06, E07

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

SCHEDULE D - PART 1 Showing all Long-Term BONDS Owned December 31 of Current Year 1

2

3

Interest 4 5

6

7

8

E08

CUSIP Option IdentifiRate How Maturity Option Call cation Description * of Paid Date Date Price U.S. Government - Issuer Obligations 912828-AG-5. U S A TREASURY........................................................... ........ .......2.250 JJ..... 07/31/2004 ................. ............ 912810-DV-7. U S A TREASURY BONDS.............................................. ........ .......9.250 FA.... 02/15/2016 ................. ............ 912827-3V-2.. U S A TREASURY NOTES.............................................. ........ .......5.500 JJ..... 01/31/2003 ................. ............ 912827-4D-1.. U S A TREASURY NOTES.............................................. ........ .......5.750 AO.... 04/30/2003 ................. ............ 912827-6X-5.. U S A TREASURY NOTES.............................................. ........ .......4.625 MN... 05/15/2006 ................. ............ 912827-7C-0.. U S A TREASURY NOTES.............................................. ........ .......3.625 FA.... 08/31/2003 ................. ............ 912827-7G-1.. U S A TREASURY NOTES.............................................. ........ .......3.000 MN... 11/30/2003 ................. ............ 912827-7M-8. U S A TREASURY NOTES.............................................. ........ .......3.000 FA.... 02/29/2004 ................. ............ 912827-J7-8... U S A TREASURY NOTES.............................................. ........ .......6.250 FA.... 02/15/2003 ................. ............ 912827-N8-1.. U S A TREASURY NOTES.............................................. ........ .......5.875 FA.... 02/15/2004 ................. ............ 912827-R8-7.. U S A TREASURY NOTES.............................................. ........ .......7.875 MN... 11/15/2004 ................. ............ 912828-AH-3. U S A TREASURY TBD 3.25% 8/15/2007....................... ........ .......3.250 FA.... 08/15/2007 ................. ............ 0199999. U.S. Government - Issuer Obligations............................................................................................................................ 0399999. Total - U.S. Government................................................................................................................................................ Totals 5499999. Total - Issuer Obligations............................................................................................................................................... 6099999. Grand Total - Bonds.......................................................................................................................................................

9

10

11

12

Book/Adjusted Carrying Value

Par Value

Rate Used to Obtain Fair Value

Fair Value

..........3,709,804 .............517,552 .............308,754 ..........5,053,412 ..........4,093,627 ..........5,025,469 ..........4,996,446 ..........4,982,595 ..........1,009,682 .............109,939 .............509,724 ..........5,008,418 ........35,325,421 ........35,325,421

..........3,700,000 .............425,000 .............309,000 ..........5,000,000 ..........4,045,000 ..........5,000,000 ..........5,000,000 ..........5,000,000 ..........1,010,000 .............110,000 .............500,000 ..........5,000,000 ........35,099,000 ........35,099,000

..100.2650 ..148.4060 ..100.3440 ..101.4690 ..101.2020 ..100.5090 ....99.9290 ....99.6520 ..100.5940 ..105.1560 ..111.6560 ................ ....XXX..... ....XXX.....

..........3,709,804 .............630,726 .............310,063 ..........5,073,450 ..........4,093,627 ..........5,025,469 ..........4,996,446 ..........4,982,595 ..........1,015,999 .............115,672 .............558,280 ..........5,008,418 ........35,520,547 ........35,520,547

13

14

Interest

15

16

17

Actual Cost

Amount Due and Accrued December 31 of Current Year on Bonds not in Default

Gross Amount Received During Year

Increase (Decrease) by Adjustment

Increase (Decrease) by Foreign Exchange Adjustment

..........3,711,852 .............549,770 .............300,503 ..........5,167,188 ..........4,105,183 ..........5,052,344 ..........4,993,750 ..........4,972,266 .............996,803 .............109,828 .............536,250 ..........5,008,984 ........35,504,720 ........35,504,720

..........34,838 ..........14,849 ............7,112 ..........49,240 ..........28,915 ..........61,585 ..........13,187 ..........50,967 ..........23,843 ............2,441 ............5,112 ..........61,389 ........353,478 ........353,478

...................... ..........39,313 ..........16,995 ........287,500 ........182,109 ..........90,625 ........150,000 ..........75,000 ..........63,125 ............6,463 ..........39,375 ...................... ........950,505 ........950,505

...........(2,048) ...........(4,287) ............2,957 .......(113,775) .........(11,556) .........(26,875) ............2,696 ..........10,329 ............2,533 .................51 ...........(4,729) ..............(566) .......(145,271) .......(145,271)

...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ...................0

18 19 20 Amount of Interest Due and Accrued December 31, Current Year, on Bonds in Default as to NAIC Principal or DesigDate Interest nation Acquired ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ...................0

......1 ......1 ......1 ......1 ......1 ......1 ......1 ......1 ......1 ......1 ......1 ......1 .XXX .XXX

08/29/2002 02/01/1993 01/12/2000 04/16/2002 06/21/2002 04/16/2002 04/16/2002 04/16/2002 04/08/1996 10/10/2000 04/08/1996 08/29/2002 .....XXX..... .....XXX.....

21

Effective Rate of Interest .......2.080 .......6.730 .......6.510 .......2.460 .......4.240 .......2.840 .......3.080 .......3.310 .......6.520 .......5.930 .......6.750 .......3.210 ....XXX..... ....XXX.....

........35,325,421 ........35,099,000 ....XXX..... ........35,520,547 ........35,504,720 ........353,478 ........950,505 .......(145,271) ...................0 ...................0 .XXX .....XXX..... ....XXX..... ........35,325,421 ........35,099,000 ....XXX..... ........35,520,547 ........35,504,720 ........353,478 ........950,505 .......(145,271) ...................0 ...................0 .XXX .....XXX..... ....XXX.....

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

SCHEDULE D - PART 2 - SECTION 1 Showing all PREFERRED STOCKS Owned December 31 of Current Year 1 CUSIP Identification

2

3

4

5

6

Description

Number of Shares

Par Value per Share

Rate per Share

Book/Adjusted Carrying Value

7 Rate per Share Used to Obtain Fair Value

8

Fair Value

E09

NONE

9

Actual Cost

10

Dividends

Declared but Unpaid

11 Amount Received During Year

12 Increase (Decrease) by Adjustment

13 Increase (Decrease) by Foreign Exchange Adjustment

14

15

NAIC Designation

Date Acquired

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

SCHEDULE D - PART 2 - SECTION 2 Showing all COMMON STOCKS Owned December 31 of Current Year 1

2

3

CUSIP Number Identifiof cation Description Shares Common Stocks - Parent, Subsidiaries and Affiliates United States 999592-18-1......... AML FINANCIAL INC............................................................... ........................50.000 United States................................................................................................................... 6999999. Total - Common Stocks - Parent, Subsidiaries and Affiliates......................................... 7099999. Total - Common Stock..................................................................................................... 7199999. Total - Preferred and Common Stock.............................................................................

4 Book/Adjusted Carrying Value

5 Rate per Share Used to Obtain Fair Value

6

7

Fair Value

Actual Cost

......................25,000 ......................25,000 ......................25,000 ......................25,000 ......................25,000

....................500.000 ...........XXX................ ...........XXX................ ...........XXX................ ...........XXX................

......................25,000 ......................25,000 ......................25,000 ......................25,000 ......................25,000

......................25,000 ......................25,000 ......................25,000 ......................25,000 ......................25,000

(a) For all common stocks bearing the NAIC designation ''U''provide: the number of such issues...............0, the total $ value (included in Column 6) of all such issues $...............0.

Declared but Unpaid

Amount Received During Year

Increase (Decrease) by Adjustment

11 Increase (Decrease) by Foreign Exchange Adjustment

................................... ...............................0 ...............................0 ...............................0 ...............................0

................................... ...............................0 ...............................0 ...............................0 ...............................0

................................... ...............................0 ...............................0 ...............................0 ...............................0

................................... ...............................0 ...............................0 ...............................0 ...............................0

8

Dividends

9

10

12

13

NAIC Designation (a)

Date Acquired

...............A........... ...........XXX.......... ...........XXX.......... ...........XXX.......... ...........XXX..........

...12/30/1997.... ..........XXX......... ..........XXX......... ..........XXX......... ..........XXX.........

E10

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

SCHEDULE D - PART 3 Showing all Long-Term Bonds and Stocks ACQUIRED During Current Year 1

2

3

4

CUSIP Identification

Description

Date Acquired

Name of Vendor

Bonds - U.S. Government 912828-AG-5............... U S A TREASURY 07/31/2004............................................................ ......08/29/2002..... 912827-4D-1................ U S A TREASURY NOTES 04/30/2003............................................... ......04/16/2002..... 912827-6X-5................ U S A TREASURY NOTES 05/15/2006............................................... ......06/21/2002..... 912827-7C-0................ U S A TREASURY NOTES 08/31/2003............................................... ......04/16/2002..... 912827-7G-1................ U S A TREASURY NOTES 11/30/2003............................................... ......04/16/2002..... 912827-7M-8................ U S A TREASURY NOTES 02/29/2004............................................... ......04/16/2002..... 912828-AH-3................ U S A TREASURY TBD 3.25% 8/15/2007 08/15/2007........................ ......08/29/2002..... 0399999. Total - Bonds - U.S. Government......................................................................................... 6099997. Total - Bonds - Part 3........................................................................................................... 6099999. Total - Bonds........................................................................................................................ 7299999. Total - Bonds, Preferred and Common Stocks....................................................................

5 Number of Shares of Stock

GREENWICH CAPITAL MARKETS, INC............................................ ..................................................... SALOMON SMITH BARNEY INC........................................................ ..................................................... Various................................................................................................. ..................................................... SALOMON SMITH BARNEY INC........................................................ ..................................................... GREENWICH CAPITAL MARKETS, INC............................................ ..................................................... GREENWICH CAPITAL MARKETS, INC............................................ ..................................................... SALOMON SMITH BARNEY INC........................................................ ..................................................... ..................................................................................................................................................................... ..................................................................................................................................................................... ..................................................................................................................................................................... .....................................................................................................................................................................

6

7

Actual Cost

Par Value

8 Paid for Accrued Interest and Dividends

....................................3,711,852 ....................................5,167,188 ....................................4,105,183 ....................................5,052,344 ....................................4,993,750 ....................................4,972,266 ....................................5,008,984 ..................................33,011,567 ..................................33,011,567 ..................................33,011,567 ..................................33,011,567

....................................3,700,000 ....................................5,000,000 ....................................4,045,000 ....................................5,000,000 ....................................5,000,000 ....................................5,000,000 ....................................5,000,000 ..................................32,745,000 ..................................32,745,000 ..................................32,745,000 ..........................XXX....................

...........................................6,787 .......................................133,425 .........................................51,680 .........................................23,641 .........................................56,868 .........................................19,565 ...........................................6,624 .......................................298,590 .......................................298,590 .......................................298,590 .......................................298,590

E11

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

SCHEDULE D - PART 4 Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year 1 CUSIP Identification

2

Description

3

Disposal Date

4

5

Name of Purchaser

Number of Shares of Stock

Bonds - U.S. Government 912827-2L-5....... U S A TREASURY NOTES 02/28/2002................. 02/28/2002 MATURED............................................. ............................ 912827-2W-1..... U S A TREASURY NOTES 05/31/2002................. 05/31/2002 MATURED............................................. ............................ 0399999. Total - Bonds - U.S. Government................................................................................................................................................ 6099997. Total - Bonds - Part 4.................................................................................................................................................................. 6099999. Total - Bonds............................................................................................................................................................................... 7299999. Total - Bonds, Preferred and Common Stocks...........................................................................................................................

6

7

8

9

10

Consideration

Par Value

Actual Cost

Book/Adjusted Carrying Value at Disposal Date

..........2,945,000 ..........1,043,000 ..........3,988,000 ..........3,988,000 ..........3,988,000 ..........3,988,000

..........2,945,000 ..........1,043,000 ..........3,988,000 ..........3,988,000 ..........3,988,000 ............XXX........

..........3,017,475 ..........1,042,674 ..........4,060,149 ..........4,060,149 ..........4,060,149 ..........4,060,149

..........2,945,000 ..........1,043,000 ..........3,988,000 ..........3,988,000 ..........3,988,000 ..........3,988,000

12 Foreign Exchange Gain (Loss) on Disposal

13

14

Increase (Decrease) by Adjustment

11 Increase (Decrease) by Foreign Exchange Adjustment

Total Gain (Loss) on Disposal

15 Interest on Bonds Received During Year

Realized Gain (Loss) on Disposal

............(3,224) ...................73 ............(3,151) ............(3,151) ............(3,151) ............(3,151)

........................ ........................ .....................0 .....................0 .....................0 .....................0

........................ ........................ .....................0 .....................0 .....................0 .....................0

........................ ........................ .....................0 .....................0 .....................0 .....................0

16 Dividends on Stocks Received During Year

.....................0 .....................0 .....................0 .....................0 .....................0 .....................0

............92,031 ............67,958 ..........159,989 ..........159,989 ..........159,989 ..........159,989

....................... ....................... .......XXX......... .......XXX......... .......XXX......... ....................0

E12

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

SCHEDULE D - PART 5 Showing all Long-Term Bonds and Stocks ACQUIRED During Current Year and Fully DISPOSED OF During Current Year 1 CUSIP Identification

2

Description

3

Date Acquired

4

Name of Vendor

5

Disposal Date

6

Name of Purchaser

7 Par Value (Bonds) or Number of Shares (Stocks)

8

Actual Cost

E13

NONE

9

10

11

Consideration

Book/Adjusted Carrying Value at Disposal Date

Increase (Decrease) by Adjustment

12 Increase (Decrease) by Foreign Exchange Adjustment

13 Foreign Exchange Gain (Loss) on Disposal

14

15

Realized Gain (Loss) on Disposal

Total Gain (Loss) on Disposal

16

17

Interest and Paid for Dividends Accrued Received Interest and During Year Dividends

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

SCHEDULE D - PART 6 - SECTION 1 Valuation of Shares of Subsidiary, Controlled or Affiliated Companies 1

2

CUSIP Identification

Description Name of Subsidiary, Controlled or Affiliated Company

3 4 5 6 NAIC NAIC Valuation Company Method Do Insurer's Code or Alien (See SVO Assets Include Intangible Total Amount Insurer Purposes and Assets Connected of Such Identification Procedures with Holding of Such Intangible Number manual) Company's Stock? Assets

Common Stocks Other Affiliates 999592 181...... AML FINANCIAL INC............................................. ........81213...... 8-3-A................ NO.................................. 1599999. Total - Common Stocks - Other Affiliates............................................................................................................... 1699999. Total - Common Stocks.......................................................................................................................................... 1799999. Total - Preferred and Common Stock.....................................................................................................................

N/A................... ......................0 ......................0 ......................0

7

Book/Adjusted Carrying Value

...............25,000 ...............25,000 ...............25,000 ...............25,000

Stock of Such Company Owned by Insurer on Statement Date 8 9 Number of Shares

% of Outstanding

...............50.000 .........XXX........... .........XXX........... .........XXX...........

..........100.0 ......XXX....... ......XXX....... ......XXX.......

1. Amount of insurer's capital and surplus from the prior period's statutory statement reduced by any admitted EDP, goodwill and net deferred tax assets included therein: $.....35,637,729. 2. Total amount of intangible assets nonadmitted $..........0.

1

CUSIP Identification

2

SCHEDULE D - PART 6 - SECTION 2

Name of Lower-tier Company

3

4

Name of Company Listed in Section 1 Which Controls Lower-tier Company

Total Amount of Intangible Assets Included in Amount Shown in Column 6, Section 1

NONE

E14

Stock in Lower-Tier Company Owned Indirectly by Insurer on Statement Date 5 6

Number of Shares

% of Outstanding

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

Sch. DA-Pt. 1 NONE Sch. DB-Pt. A-Sn. 1 NONE Sch. DB-Pt. A-Sn. 2 NONE Sch. DB-Pt. A-Sn. 3 NONE Sch. DB-Pt. B-Sn. 1 NONE Sch. DB-Pt. B-Sn. 2 NONE Sch. DB-Pt. B-Sn. 3 NONE Sch. DB-Pt. C-Sn. 1 NONE Sch. DB-Pt. C-Sn. 2 NONE Sch. DB-Pt. C-Sn. 3 NONE Sch. DB-Pt. D-Sn. 1 NONE Sch. DB-Pt. D-Sn. 2 NONE Sch. DB-Pt. D-Sn. 3 NONE Sch. DB-Pt. E-Sn. 1 NONE Sch. DM NONE E15, E16, E17, E18, E19, E20, E21, E22, E23

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY 1

SCHEDULE E - PART 1 - CASH 2

Depository Open Depositories Fleet National Bank of CT............................................ Springfield, MA 50452640............................................ JP Morgan Chase Bank............................................... New York, NY 9102773687......................................... JP Morgan Chase Bank............................................... New York, NY 9102773695......................................... JP Morgan Chase Bank............................................... New York, NY 9102718971......................................... JP Morgan Chase Bank............................................... New York, NY 9102662633......................................... JP Morgan Chase Bank............................................... New York, NY (ST)...................................................... 0199999. Total - Open Depositories................................................................................................................... 0399999. Total Cash on Deposit........................................................................................................................ 0599999. Total Cash..........................................................................................................................................

4 Amount of Interest Accrued December 31 of Current Year

5

6

Rate of Interest

3 Amount of Interest Received During Year

Balance

*

........................... ........................... ........................... ........................... ........................... ........................... ..........XXX.......... ..........XXX.......... ..........XXX..........

............................... ............................... ............................... ............................... ............................... ................262,359 ................262,359 ................262,359 ................262,359

............................... ............................... ............................... ............................... ............................... ............................... ...........................0 ...........................0 ...........................0

..........................398 ............................68 ..........................816 .......................5,530 ..........................481 ................2,328,446 ................2,335,738 ................2,335,738 ................2,335,738

XXX XXX XXX XXX XXX XXX XXX XXX XXX

TOTALS OF DEPOSITORY BALANCES ON THE LAST DAY OF EACH MONTH DURING THE CURRENT YEAR

1. January.................... ..................29,985,712 4. April.......................... ....................8,764,940 7. July........................... ..................10,202,472 10. October.................. ....................1,990,132 2. February................... ..................29,990,124 5. May.......................... ..................10,028,585 8. August...................... ....................1,675,675 11. November.............. ....................2,278,252 3. March....................... ..................30,044,838 6. June......................... ..................10,030,720 9. September............... ....................1,882,553 12. December.............. ....................2,335,738

E24

Annual Statement for the year 2002 of the

AMERICAN MATURITY LIFE INSURANCE COMPANY

SCHEDULE E - PART 2 - SPECIAL DEPOSITS

E25

1 2 3 4 Line Number Type Description of Deposit Where Deposited and Purpose of Deposit SPECIAL DEPOSITS WHICH ARE NOT FOR THE BENEFIT OF ALL POLICYHOLDERS Georgia GA00001. ...............B...................... U S A TREASURY BONDS 9.25 912810DV7 2/15/2016................................................. WACHOVIA BANK OF GEORGIA N A/GA RSD........................................................... GA99999. Georgia....................................................................................................................................................................... ....................................................................................................................................... Massachusetts MA00001. ...............B...................... U S A TREASURY NOTES 4.625 9128276X5 5/15/2006................................................ STATE STREET BANK AND TRUST COMPANY/MA RSD WC................................... MA99999. Massachusetts............................................................................................................................................................ ....................................................................................................................................... New Mexico NM00001. ...............B...................... U S A TREASURY NOTES 4.625 9128276X5 5/15/2006................................................ WELLS FARGO/NM RSD LIFE..................................................................................... NM99999. New Mexico................................................................................................................................................................ ....................................................................................................................................... North Carolina NC00001. ...............B...................... U S A TREASURY NOTES 6.25 912827J78 2/15/2003................................................... WACHOVIA BANK OF NORTH CAROLINA N A/NC RSD by FOR INS CO ACT......... NC00002. ...............B...................... U S A TREASURY NOTES 4.625 9128276X5 5/15/2006................................................ WACHOVIA BANK OF NORTH CAROLINA N A/NC RSD by FOR INS CO ACT......... NC99999. North Carolina............................................................................................................................................................ ....................................................................................................................................... Virginia VA00001. ...............B...................... U S A TREASURY BONDS 9.25 912810DV7 2/15/2016................................................. SUNTRUST BANK/VA RSD.......................................................................................... VA99999. Virginia........................................................................................................................................................................ ....................................................................................................................................... XX99999. Total - All Special Deposits NOT Held for Benefit of all Policyholders, Claimants, & Creditors of the Company........ ....................................................................................................................................... SPECIAL DEPOSITS WHICH ARE FOR THE BENEFIT OF ALL POLICYHOLDERS Connecticut CT00001. ...............B...................... U S A TREASURY NOTES 4.625 9128276X5 5/15/2006................................................ FLEET NATIONAL BANK/CT TO MEET OTHER ST REQ........................................... CT00002. ...............B...................... U S A TREASURY NOTES 5.875 912827N81 2/15/2004................................................ FLEET NATIONAL BANK/CT TO MEET OTHER ST REQ........................................... CT00003. ...............B...................... U S A TREASURY NOTES 6.25 912827J78 2/15/2003................................................... FLEET NATIONAL BANK/CT TO MEET OTHER ST REQ........................................... CT00004. ...............B...................... U S A TREASURY NOTES 7.875 912827R87 11/15/2004.............................................. FLEET NATIONAL BANK/CT TO MEET OTHER ST REQ........................................... CT99999. Connecticut................................................................................................................................................................. ....................................................................................................................................... ZZ99999. Total - All Special Deposits Held for Benefit of all Policyholders, Claimants, & Creditors of the Company................ ....................................................................................................................................... 9999999. Totals........................................................................................................................................................................... ....................................................................................................................................... (a) Includes $..........0 cash and short-term investments as defined in SSAP No. 2 of the NAIC Accounting Practices and Procedures Manual.

5 Par or Book Value

6 Statement Value (a)

7 Fair Value

...........................................25,000 ...........................................30,444 ...........................................37,105 ...........................................25,000 ...........................................30,444 ...........................................37,105 .........................................524,000 .........................................526,528 .........................................565,142 .........................................524,000 .........................................526,528 .........................................565,142 .........................................105,000 .........................................106,518 .........................................113,244 .........................................105,000 .........................................106,518 .........................................113,244 .........................................210,000 .........................................210,080 .........................................211,247 .........................................200,000 .........................................202,891 .........................................215,703 .........................................410,000 .........................................412,971 .........................................426,950 .........................................400,000 .........................................487,108 .........................................593,680 .........................................400,000 .........................................487,108 .........................................593,680 ......................................1,464,000 ......................................1,563,570 ......................................1,736,122 ......................................3,216,000 .........................................110,000 .........................................800,000 .........................................500,000 ......................................4,626,000 ......................................4,626,000 ......................................6,090,000

......................................3,257,690 .........................................109,939 .........................................799,602 .........................................509,724 ......................................4,676,955 ......................................4,676,955 ......................................6,240,524

......................................3,468,507 .........................................115,668 .........................................804,750 .........................................558,340 ......................................4,947,265 ......................................4,947,265 ......................................6,683,387