Annuatstatementtortheyear2010ofthe
United Transportation Union Insurance Association
Current Year 2 Nonadmitted Assets Prior Year 4 Net Admitted Assets
.-------------------=A=---=-8=-=;S.ETS

Assets

Net Admitted Assets ICols. 1- 2)
Bonds (Schedule D).... 179,081,565 Stocks (Schedule D):

. 179,081,565

. 175,844,111
Preferred stocks.. Common stocks...

.. 5,053,134. 15,217,085

. 5,053, 134. 4,887,604.. 15,217,085.. 14,069,765
Mortgage loans on real estate (Schedule B):

3.1 3.2

First liens.... Other than first liens..
Real estate (Schedule A):

4.1 4.2

4.3 5. 6. 7. 8. 9.
Properties occupied by Ute company (less$.0 encumbrances).... ProperUes held for the production of income (less $..0 encumbrances)...

. 2,453,560. 2,453,560

.. 2,527,375
Properties held for sale (less$. 0 encumbrances)
Casi1 ($. 864,892, SelL E-Part 1), cash equivalents ($.. 1,638, 192, Sch. E-Part 2) and short-term investments ($.. 0, Sch. DA)..

. 2,503,084

. 2,503,084.. 895,448. 6,828,626.6,564,827

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

Contract loans (including $..0 premium notes)... 6,828,626 Derivatives.... Other invested assets (Schedule BA).. Receivables for securities.
10. Securities lending reinvested collateral assets...
11. Aggregate write-ins for invested assets....0..0..0..0 12. Subtotals, cash and invested assets (Lines 1 to 11 ).. 13. Title plants less $.. 0 charged off (for Title insurers only).. 14. Investment income due and accrued... 15. Premiums and considerations: 15.1 Uncollected premiums and agents' balances in course of collection.. 200,343 15.2 Deferred premiums, agents' balances and installments booked but deferred and not yet due (including$. 0 earned but unbilled premiums).42,609 15.3 Accrued retrospective premiums..

16. Reinsurance:

. 211,137,054.. 0. 211,137,054

. 204,789,130

.. 2,392,004

. 2,392,004

.. 2,279,927
. 200,343.. 186,817.. 42,609
16.1 Amounts recoverable from reinsurers... 16.2 Funds held by or deposited with reinsured companies.... 16.3 Other amounts receivable under reinsurance contracts.. 17. Amounts receivable relating to uninsured plans... 18.1 Current federal and foreign income tax recoverable and interest thereon.. 18.2 Net deferred tax asset.... 19. Guaranty funds receivable or on deposit...
20. Electronic data processing equipment and software.

.. 0.. 0

.. 0..0.. 0

.. 0.. 0.. 0

21. Furniture and equipment, including health care delivery assets ($. 0). 22. Net adjustment in assets and liabilities due to foreign exchange rates..
23. Receivables from parent, subsidiaries and affiliates..
. 0... 0.. 0.. 0.. 0.. 0. 0
24. Health care ($.. 0) and other amounts receivable..
25. Aggregate write ins for other t11an invested assets..
26. Total assets excluding Separate Accounts, Segregated Accounts and Protected Cell Accounts (lines 12 to 25)....

. 213, 772,010

.. 213,772,010

.207,302,233

27. From Separate Accounts, Segregated Accounts and Protected Cell Accounts..
28. TOTALS (Lines 26 and 27).... 213,772,010.. 0. 213,772,010

. 207,302,233

~ 1101.
DETAILS OF WRIT,_,_E"'-!!.'IN'-"'S----,-------.-------,--------1
H '.. '''''"' '' H.. ' ''''''' H "'.. '
1102. ' ' ''' '"''''..

'"

1103....
1198. Summary of remaining write-ins for Line 11 from overflow page...0..0.. 0.. 0 1199. Totals (Lines 1101 thru 1103 plus 1198) (Line 11 above)...0.. 0.. 0..0 2501. Employee Loans...

2502...

. 0.. 0

2503..

2598. Summary of remaining write-ins for Line 25 from overflow page...0.. 0..0..0

2599. Totals (Lines 2501 thru 2503 plus 2598) {Line 25 above)...0..0.. 0..0
Annuarsratementfortheyear2otootrhe
LIABILITIES, SURPLUS AND OTHER FUNDS

Current Year PriorY ear

Aggregate reserve forlife certificates and contracts (Exhibit 5, Line 9999999) (including $.. 0 Modco Reserve). Aggregate reserve for accident and health contracts (Exhibit 6, Line 16, Col. 1) (including $. 0 Modco Reserve).
. 165,069,635. 164,143,403
. :. 7,495,593.. 7,77:5, 178 Liability for deposit-type contracts (Exhibit 7, Line 14, Col. 1) (including $..0 Modco Reserve).. :.. 6,093,257..4,833, 132 Contract claims: 4.1 Life (Exhibit 8, Part 1, Line 4.4, Column 11ess sum of Columns 9, 10 and 11)... 1,249,973.. 1,161,833. 168,673..627. 208, 195.. 124 4.2 Accident and health (Exhibit 8, Part 1, Line 4.4, sum of Columns 9, 10 and 11}.. Refunds due ar1d unpaid (Exhibit 4, Line 10).. Provision for refunds payable in following calendar year-estimated amounts: 6.1 6.2 Apportioned for payment....... Not yet apportioned...439,393.416,490
Premiums and annuity considerations for life and accident and health contracts received in advance less $.. 0 discount: including $.. 143,761 accident and health premiums (Exhibit 1, Part I, Col. 1, sum of lines 4 and 14). Contract liabilities not included elsewhere: 8.1 8.2 8.3 Other amounts payable onreinsurance including $.. 0 assumed and $..0 ceded.. Interest Maintenance Reserve (IMR, Line 6)...
Surrender values on canceled contracts...... 242,413..292,320.2,399,964. 555,497. 66,765.. 384,211..75,685.338, 172
Commissions to lieldworkers due or accrued-life and annuity contracts $.. 28,912; accident and health$.. 37,853 and deposit-type contract funds $.. 0... Commissions and expense allowances payable on reinsurance assumed.. Transfers to Separate Accounts due or accrued (net) (including$. 0 accrued for expense allowances recognized in reserves)..:.. General expenses due or accrued (Exhibit 2, Line 12, Col. 7)....
12. 13. 14. 15. 16. 17. 18. 19. 20. 21.
Taxes, licenses and fees due or accrued (Exhibit 3, Line 8, Col. 6).....43,161 Unearned investment income.. Amounts withheld or retained by Society as agent or trustee... Amounts held for fieldworkers' account, including $. 0 fieldworkers' credit balances. Remittances and items not allocated.... Net adjustment in assets and liabilities due to foreign exchange rates.. Liability for benefits for employees and fieldworkers if not included above. Borrowed money $.. 0 and interest thereon$. 0.. Miscellaneous liabilities: 21.1 Asset valuation reserve (AVR, Line 16, CoL 7)....3,309,613

. 39,012

. 2,696,513
21.2 Reinsurance in unauthorized companies..... 21.3 Funds l1eld under reinsurance treaties with unauthorized reinsurers..... 21.4 PayabliJ to subsidiaries and affiliates.... 21.5 Drafts outstanding 21.6 Funds held under coinsurance.. 21.7 Derivatives..... 777,041..487,726
21.8 Payable for securities..... 22. 23. 24. 25. 26. 27. 28. 29. 30. 21.9 Payable for securities lending.... Aggregate write-ins for liabilities.. Total liabilities excluding Separate Accounts business (Lines 1 to 22)... From Separate Accounts statement... Total liabilities (Lines 23 and 24).. Aggregate write-ins for other than liabilities and surplus funds Surplus notes...
. ;.. 61,328. ~~. 187,801,647. 183 063,166. 187,801,647. 183 063,166
Aggregate write-ins for surplus funds.... Unassigned funds... Total (Lines 26 through 29} (Page 4, Line 47) (including $. 0 in Separate Accounts statement).
....25,970,363. 24,239,067.. 25,970 363.24,239 067
_31_.-~~als (Lines 25 + 30) Page 2, Line 28, Col. 3)..:.:.:.:.::::::.:.:.::.::=::;;;;;;;:;;:~~~~~;;;;;;;:;;:;;;;;;;;;;;;;;;;. ;;,;. ;;,;. J,;,;;.. ;;;";;;. ;;,;. ;;,;.
=.~~~:;;21,;,;;3;g,7~72~,0:;;1~0~~~~~~;:;.2:;;07;,f,3:;;0,;;2,=23=3'=l.=.

..32,233..7,653

,---------~----------------'D~E:.!.T~A~IL~S~Or WRITE-INS
22(JI. 2202. 2203. 2298. 2299. 2601. 2602. 2603. 2698. Summary of remaining write-ins for Line 26 fr9m overflow page... 2801... 2802. 2803....... 2898. Summary of remaining write-ins for Line 28 from overflow page...0. ,. 0....0..0... 2699. Totals Lines 2601 thru 2603 olus 2698) (Line 26 above)......0..0.. Liability for uncashed checks.. Deferred Rent... 61 ,328
Summary of remaining write-ins for Line 22 from overflow page...0 Totals Lines 2201 thru 2203 plus 2298) (Line 22 above)..... 61 ,328

. 0.. 39,886

2899. Totals Lines 2_801 thru 2803 plus 2898) (Line 28 above)......0..0
A.nnualstaternentfortheyear2010ofthe

SUMMARY OF OPERATIONS

Current Year 1. 2. Prior Year Premiums and annuity considerations for life and accident and health contracts (Exhibit 1, Part 1, Line 20.4, Col. 1).. 17,961,589.. 15,582,462 Considerations for supplementary contracts with life contingencies.... Net investment income (Exhibit of Net Investment Income, Line 17).

4. 5. 6. 7. 8.

Amortization of Interest Maintenance Reserve (IMR, Line 5).... Separate Accounts net gain from operations excluding unrealized gains or losses. Commissions and expense allowances on reinsurance ceded (Exhibit 1, Part2, Line 26.1, Col. 1). Reserve adjustments on reinsurance ceded.. Miscellaneous Income:...

. 9,932,787. 83,635

.10,223,384

" ' 156.382

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
... 22,512. 86,510. 28,000,523..26,048,738

Totals (Lines 1to 8.3)..

.... 3,714,391. 3,947,710 11. Matured endowments (excluding guaranteed annual pure endowments).... 116,507 '.185,330 12. Annuity benefits.... 10,600,188. 8,239,721 13. Disability benefits and benefits under accident and health contracts, including premiums waived $.. 0. 14. Surrender benefits and withdrawals for life contracts.. 15. Interest and adjustments on contract or deposit-type contracts funds.. 16. Payments on supplementary contracts with life contingencies.. 1921,113. 740L~ 18. Totals (Lines 10 to 17)...... 19,779,615.. 840 19. Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only) (Exhibit 1, Part2, Line31, Col. 11ess Col. 5)..... 20. Commissions and expense allowances on reinsurance assumed (Exhibit 1, Part 2, Line 26.2, Col. 1 less Col. 5).. 702,667.. 768,674 17. Increase in aggregate reserve for life and accident and health contracts.. 1,585,412. 1,831,002.. 1,650,563.. 2,300, 163. 11,002.. 11,503

10. Death benefits...

21. General insurance expenses and fraternal expenses (Exhibit 2, Line 10, Cols. 1, 2, 3, 4 and 6)...
23 Increase in loadin~l on deferred and uncollected premiums.. 24. Net transfers to or (from) Separate Accounts net of reinsurance.. 25. Aggregate write-ins for deductions. 26. Totals (Lines 18to 25).. 27. Net gain from operations before refunds to rnernllers (Line 9 minus Line 26). 28. Refunds to members (Exl1ibit ~.Line 17, Cols. 1 + 29. Net gain from operations after refunds to me111bers and before realized capital gains (losses) (Line 27 minus Line 28)..
.. 6,354,801.6,745,489 22. Insurance taxes, licenses and fees (Exhibit3, Line 6, Gals. 1, 2, 3 and 5)....612,733.. 744,023...

..0.. 0

..816.25,334,~.. 550,707..714,712..J.5,493).. (23,975).. 556,200. 738,687
30. Net realized capital gains (losses) less capital gains tax of $.. 0 (excluding $.. 1,928,102 transferred to the IMR).. (629, 143. (584516) 31. Net income (Lines 29 + 30)... (72,943).. 154,171

SURPLUS ACCOUNT

32. Surplus, December 31, previous year (Page 3, Line 30, Col. 2)... 24,239,067..23,963,632.. (72,943).. 154,171...2,407,945.2,610,791. 9,395 ". 12.359
33. Net income from operations (Line 31 )..
34. Change in net unrealized capital gains (losses} less capital gains tax of $.. 0.. 35. Change in net unrealized foreign exchange capital gain (loss)... 36. Change in nonadmitted assets 37. Change in liability for reinsurance in unauthorized companies.... 38. Change in reserve on account of clran[Je in valuation basis, (increase) or decrease (Exhibit e.A, Line 9999999, Col. 4). 39. Change in asset valuation reserve.. 40. Surplus (contributed to) withdrawn from Separate Accounts during period. 41. Other changes in surplus in Separate Accounts statement.. 42. Change in surplus notes....

. (613,101)

(2,501.425)
43. Cumulative effect of changes in accounting principles.
44. Change in surplus as a result of reinsurance. :. 45. Aggregate write-ins for gains and losses in surplus.
46. Net change in surplus for the year (Lines 33 througil45).
.....0..(461).....1,731,296..275 435
47. Surplus December 31, currentyear(Lines 32 +46) (Page 3, Line 30).. ;...25,970,364..24,239,067
.-----------------------"------=:D=El:.:A.c.:ILS OF WRITE-INS 08.301. Miscellaneous Income. 08.302. Penalities on Deferred Annuities. 08.303.
08.398. Summary of remaining write-ins for Line 8.3 Irom overflow page... 08.399. Totals (Lines 08.301 thru 08.3Qljllus 08.398) (Line 8.3 above).... 2501. 2502. 2503. 2598. 2599. 4501. 4502. 4503. 4598. 4599. Summary of remaining write-ins for Line 45 from overflow page. Totals (Lines 4501 thru 4503 plus 4598) (Line 45 above)..

.6,535 '".. 15,977

. 66,537 19,973
. 0.. 0. 22 512. B~.lli._
Summary of remaining write-ins for Line 25 from overflow page....0..0 Totals (Lines 2501 thru 2503 plus 2598) (line 25 above)......0..0 Prior Year Adjustment....... (461)

.. 0. 0.. 0.. {'1Q1j