Summary of Operations Statutory basis, in millions) Years ended December 31, 2021 $ Premiums 7 Net Investment Income 8 Other Income 9 10 Total Revenue 11 12 Policay Benefits Paid 13 Increase In Benefit Reserves 14 Commissions and Expenses 15 16 Total Benefits and Expenses 17 18 Gain before dividends and taxes 19 20 Policyowner dividends 21 22 (Loss) gain before taxes $22,771.00 $10,447.00 $ 814.00 Summary of Financial Position Years ended December 31, 2021 Statutory basis, in millions Bonds $179,121.00 Mortgage loans $ 47,844.00 Policy loands $ 15208.00 Common and preferred stocks $ 4,242.00 $ 3,113.00 Other investments $ 29,184.00 Cash and short-term investments $ 3,786.00 $ 4,048.00 Total investments $284,498.00 $34,032.00 $12,022.00 $11,931.00 Real estate $28,001.00 $ 6,031.00 $ 6,522.00 $ (491.00) Other assets Separate account assets Total assets Policy benefit reserves Deposit funds Policy dividends payable Other liabilities Separate account liabilities Liabilities (excluding AVR) Asset valuation reserve (AVR) Suplus Surplus and AVR Total liabilities and surplus $ 7,773.00 $ 42,383.00 $334,654.00 $230,034.00 $ 8,303.00 $ 6,505.00 $ 10,413.00 $ 42,383.00 $297,638.00 $ 7,733.00 $ 29,283.00 $ 37,016.00 $334,654.00 23 Income tax (benedit) expense $ (1,166.00) 24 25 Net gain from Operations $ 675.00 26 Net realized capital gains losses) $ 303.00 27 28 Net Income $ 978.00 29 30 31 32 33 34 35 36