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INVESTMENT OVERVIEW
As of 6/30/2012
Investment Grade Bonds* 89.0% Commercial Mortgages 5.3%
Forethoughts investment strategy is predicated upon principal protection and providing stable, predictable income for our policyholders and shareholders. Therefore, Forethought maintains a diversified, high quality portfolio with approximately 89.0% invested in investment grade bonds, 5.3% in commercial mortgages, and the remaining 5.7% in high yield bonds, hedge funds, equities, real estate and policy loans. * As determined by the NAIC.
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Unaudited Combined Statutory Results (dollars in 000s) INCOME STATEMENT Revenues Midyear 2012 $697,208 157,168 3,524 $857,900 $699,366 64,769 3,533 32,227 5,360 $805,255 $52,645 (15,599) 37,046 (5,134) $31,912
FINANCIAL HIGHLIGHTS
KEY METRICS
Midyear 2012 Midyear 2011 % Chg
Premium income Total assets Capital and surplus Statutory Risk Based Capital
Premium income Net investment income and IMR amortization Other Total revenues Benefits and expenses Policyholder benefits Commissions Insurance taxes, licenses and fees General insurance expenses Other Total benefits and expenses Pretax operating income Income tax expense Net gain from operations Net realized capital gains/(losses) Net income BALANCE SHEET Assets Cash and invested assets Premiums due and deferred Accrued investment income Current and deferred income taxes Other assets Total assets Liabilities Policyholder benefits Interest maintenance reserve Asset valuation reserve Other liabilities Total liabilities Capital and surplus Total liabilities and surplus
A- (Excellent)
A- (Strong)
6/30/2012 $5,806,044 23,449 69,521 31,876 1,216 $5,932,106 $5,318,498 75,238 28,818 52,172 $5,474,726 457,380 $5,932,106
MOODYS RATING Forethought Life Insurance Company ALIRT SERVICE RANKING Forethought Life Insurance Company
A3
Forethought proudly subscribes to the ALIRT Service, which reports on trends impacting the financial performance of insurance companies. Information is available at www.alirtresearch.com or from ALIRT Insurance Research at (860) 683-2070.
20102012
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