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As Of Filer Filing For·On·As Docs:Size Issuer Agent 4/27/18 Thrivent Var Annuity Account B 485BPOS 4/30/18 4:4.3M Donnelley … Solutions/FA → Thrivent Variable Annuity Account B ⇒ Va B |
Document/Exhibit Description Pages Size 1: 485BPOS Thrivent Variable Annuity Account B HTML 1.35M 3: EX-99.24(B)10 Consent of Pricewaterhousecoopers, LLP HTML 5K 4: EX-99.24(B)13 Power of Attorney HTML 9K 2: EX-99.24(B)9 Opinion of Counsel HTML 9K
THRIVENT VARIABLE ANNUITY ACCOUNT B |
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 | ☒ |
Pre-Effective Amendment No. | ☐ |
Post-Effective Amendment No. 17 | ☒ |
and/or | |
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 | ☒ |
Amendment No. 34 | ☒ |
☐ | immediately upon filing pursuant to paragraph (b) of Rule 485 |
☒ | on April 30, 2018 pursuant to paragraph (b) (1) of Rule 485 |
☐ | 60 days after filing pursuant to paragraph (a)(1) of Rule 485 |
☐ | on (Date) pursuant to paragraph (a)(1) of Rule 485 |
☐ | 75 days after filing pursuant to paragraph (a)(2) of Rule 485 |
☐ | on (date) pursuant to paragraph (a)(2) of Rule 485 |
☐ | this post-effective amendment designates a new effective date for a previously filed post-effective amendment |
Service Center: | Corporate Office: |
4321
North Ballard Road Appleton, WI 54919-0001 Telephone: (800) 847-4836 E-mail: mail@thrivent.com |
625
Fourth Avenue South Minneapolis, MN 55415-1665 Telephone: (800) 847-4836 E-mail: mail@thrivent.com |
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Sales Load Imposed on Purchase (as a percentage of purchase payments) | 0% |
Maximum Deferred Sales Load (as a percentage of excess amount surrendered) | 6.00% 1 |
Transfer Charge (after 12 free transfers per Contract Year) | 0% |
Annual Contract Fee | $30.00 2 | |
Annual Subaccount Expenses (as a percentage of average daily Accumulated Value or Annuity Unit Value) | ||
Current 3 | Maximum | |
Mortality & Expense Risk Charge | 1.10% | 1.25% |
Total Subaccount Annual Expenses | 1.10% | 1.25% |
Maximum | Minimum | |
(expenses that are deducted from the Portfolio assets, including management fees and other expenses) | 3.61% | 0.25% |
Years | ||||||
1 | 3 | 5 | 10 | |||
If you surrender your Contract at the end of the applicable time period with | ||||||
Minimum Portfolio Expenses: | $ 712 | $ 873 | $1,032 | $1,791 | ||
Maximum Portfolio Expenses: | $1,027 | $1,823 | $2,620 | $4,894 | ||
If you annuitize your Contract at the end of the applicable time period with | ||||||
Minimum Portfolio Expenses: | $ 712 | $ 873 | $1,032 | $1,791 | ||
Maximum Portfolio Expenses: | $1,027 | $1,823 | $2,620 | $4,894 | ||
If you do not surrender your Contract at end of the applicable time period with | ||||||
Minimum Portfolio Expenses: | $ 153 | $ 474 | $ 818 | $1,791 | ||
Maximum Portfolio Expenses: | $ 486 | $1,461 | $2,439 | $4,894 | ||
Subaccount | Corresponding Portfolio | |
Thrivent Aggressive Allocation
Subaccount |
Thrivent Aggressive Allocation Portfolio | |
Thrivent Balanced Income Plus
Subaccount |
Thrivent Balanced Income Plus Portfolio | |
Thrivent Diversified Income Plus
Subaccount |
Thrivent Diversified Income Plus Portfolio | |
Thrivent Government Bond
Subaccount |
Thrivent Government Bond Portfolio | |
Thrivent Growth and Income Plus
Subaccount* |
Thrivent Growth and Income Plus Portfolio* | |
Thrivent High Yield
Subaccount |
Thrivent High Yield Portfolio | |
Thrivent Income
Subaccount |
Thrivent Income Portfolio | |
Thrivent Large Cap Growth
Subaccount |
Thrivent Large Cap Growth Portfolio | |
Thrivent Large Cap Index
Subaccount |
Thrivent Large Cap Index Portfolio | |
Thrivent Large Cap Stock
Subaccount |
Thrivent Large Cap Stock Portfolio | |
Thrivent Large Cap Value
Subaccount |
Thrivent Large Cap Value Portfolio | |
Thrivent Limited Maturity Bond
Subaccount |
Thrivent Limited Maturity Bond Portfolio | |
Thrivent Low Volatility Equity
Subaccount |
Thrivent Low Volatility Equity Portfolio | |
Thrivent Mid Cap Index
Subaccount |
Thrivent Mid Cap Index Portfolio | |
Thrivent Mid Cap Stock
Subaccount |
Thrivent Mid Cap Stock Portfolio | |
Thrivent Moderate Allocation
Subaccount |
Thrivent Moderate Allocation Portfolio | |
Thrivent Moderately Aggressive Allocation
Subaccount |
Thrivent Moderately Aggressive Allocation Portfolio | |
Thrivent Moderately Conservative Allocation
Subaccount |
Thrivent Moderately Conservative Allocation Portfolio | |
Thrivent Money Market
Subaccount |
Thrivent Money Market Portfolio | |
Thrivent Multidimensional Income
Subaccount |
Thrivent Multidimensional Income Portfolio | |
Thrivent Opportunity Income Plus
Subaccount |
Thrivent Opportunity Income Plus Portfolio | |
Thrivent Partner All Cap
Subaccount |
Thrivent Partner All Cap Portfolio | |
Thrivent Partner Emerging Markets Equity
Subaccount |
Thrivent Partner Emerging Markets Equity Portfolio | |
Thrivent Partner Growth Stock
Subaccount |
Thrivent Partner Growth Stock Portfolio | |
Thrivent Partner Healthcare
Subaccount |
Thrivent Partner Healthcare Portfolio | |
Thrivent Partner Worldwide Allocation
Subaccount |
Thrivent Partner Worldwide Allocation Portfolio | |
Thrivent Real Estate Securities
Subaccount |
Thrivent Real Estate Securities Portfolio | |
Thrivent Small Cap Growth
Subaccount |
Thrivent Small Cap Growth Portfolio | |
Thrivent Small Cap Index
Subaccount |
Thrivent Small Cap Index Portfolio | |
Thrivent Small Cap Stock
Subaccount |
Thrivent Small Cap Stock Portfolio |
Portfolio | Investment Objective | |
Thrivent Aggressive Allocation
Portfolio |
To seek long-term capital growth. |
Portfolio | Investment Objective | |
Thrivent Balanced Income Plus
Portfolio |
To seek long-term total return through a balance between income and the potential for long-term capital growth. | |
Thrivent Diversified Income Plus
Portfolio |
To seek to maximize income while maintaining prospects for capital appreciation. | |
Thrivent Government Bond
Portfolio |
To seek total return, consistent with preservation of capital. | |
Thrivent Growth and Income Plus
Portfolio* |
To seek long-term capital growth and income. | |
Thrivent High Yield
Portfolio |
To achieve a higher level of income, while also considering growth of capital as a secondary objective. | |
Thrivent Income
Portfolio |
To achieve a high level of income over the longer term while providing reasonable safety of capital. | |
Thrivent Large Cap Growth
Portfolio |
To achieve long-term growth of capital. | |
Thrivent Large Cap Index
Portfolio |
To seek total returns that track the performance of the S&P 500 Index**. | |
Thrivent Large Cap Stock
Portfolio |
To seek long-term capital growth. | |
Thrivent Large Cap Value
Portfolio |
To achieve long-term growth of capital. | |
Thrivent Limited Maturity Bond
Portfolio |
To seek a high level of current income consistent with stability of principal. | |
Thrivent Low Volatility Equity
Portfolio |
To seek long-term capital appreciation with lower volatility relative to the global equity markets. | |
Thrivent Mid Cap Index
Portfolio |
To seek total returns that track the performance of the S&P MidCap 400 Index**. | |
Thrivent Mid Cap Stock
Portfolio |
To seek long-term capital growth. | |
Thrivent Moderate Allocation
Portfolio |
To seek long-term capital growth while providing reasonable stability of principal. | |
Thrivent Moderately Aggressive Allocation
Portfolio |
To seek long-term capital growth. | |
Thrivent Moderately Conservative Allocation
Portfolio |
To seek long-term capital growth while providing reasonable stability of principal. | |
Thrivent Money Market
Portfolio |
To achieve the maximum current income that is consistent with stability of capital and maintenance of liquidity. | |
Thrivent Multidimensional Income
Portfolio |
To seek a high level of current income and, secondarily, growth of capital. | |
Thrivent Opportunity Income Plus
Portfolio |
To seek a combination of current income and long-term capital appreciation. | |
Thrivent Partner All Cap
Portfolio |
To seek long-term growth of capital. | |
Thrivent Partner Emerging Markets Equity
Portfolio |
To seek long-term capital growth. | |
Thrivent Partner Growth Stock
Portfolio |
To achieve long-term growth of capital and, secondarily, increase dividend income. | |
Thrivent Partner Healthcare
Portfolio |
To seek long-term capital growth. | |
Thrivent Partner Worldwide Allocation
Portfolio |
To seek long-term capital growth. |
Portfolio | Investment Objective | |
Thrivent Real Estate Securities
Portfolio |
To seek to provide long-term capital appreciation and high current income. | |
Thrivent Small Cap Growth
Portfolio |
To seek long-term capital growth. | |
Thrivent Small Cap Index
Portfolio |
To seek capital growth that tracks the performance of the S&P SmallCap 600 Index**. | |
Thrivent Small Cap Stock
Portfolio |
To seek long-term capital growth. |
♦ | Changes in state insurance laws; |
♦ | Changes in Federal income tax law; |
♦ | Changes in the investment management of the Fund; or |
♦ | Differences in voting instructions between those given by the Contract Owners from the different separate accounts. |
Subadviser | Portfolio Name | |
BlackRock Investment Management,
LLC. |
Thrivent Partner Healthcare Portfolio | |
Aberdeen Asset Managers
Limited |
Thrivent Partner Emerging Markets Equity Portfolio | |
Aberdeen Asset Managers Limited, Goldman Sachs Asset Management, L.P. and Principal Global Investors,
LLC. |
Thrivent Partner Worldwide Allocation Portfolio | |
FIAM
LLC |
Thrivent Partner All Cap Portfolio | |
T. Rowe Price Associates,
Inc. |
Thrivent Partner Growth Stock Portfolio |
♦ | Remove, combine, or add Subaccounts and make the new Subaccounts available to you at our discretion; |
♦ | Substitute shares of another Portfolio, which may have differences such as (among other things) different fees and expenses, objectives, and risks, for shares of an existing Portfolio in which your Subaccount invests at our discretion; |
♦ | Substitute or close Subaccounts to allocations of premiums or Accumulated Value, or both, and to existing investments or the investment of future premiums, or both, at any time in our discretion; |
♦ | Transfer assets supporting the Contract from one Subaccount to another or from the Variable Account to another Variable Account; |
♦ | Combine the Variable Account with other variable accounts, and/or create new variable accounts; |
♦ | Deregister the Variable Account under the 1940 Act, or operate the Variable Account as a management investment company under the 1940 Act, or as any other form permitted by law; and |
♦ | Modify the provisions of the Contract to reflect changes to the Subaccounts and the Variable Account and to comply with applicable law. |
♦ | The investment options you choose may lose value, and the Accumulated Value of your contract can go down; |
♦ | In addition to taxes on gain, there may be a tax penalty if you withdraw money from the annuity prior to age 59 1⁄2; |
♦ | If you elect a Settlement Option, you will only receive periodic annuity payments as frequently as you selected. There is a risk that your annuity payments will not keep pace with your personal expenses. If you choose a life income with no guaranteed period, there is a risk that you will die prematurely and no death proceeds will be paid to your beneficiaries. |
♦ | You allocate premiums to that Subaccount; |
♦ | You transfer Accumulated Value into that Subaccount from another Subaccount or the Fixed Account. |
♦ | You transfer Accumulated Value out of that Subaccount into another Subaccount or the Fixed Account; |
♦ | You make a surrender from that Subaccount; or |
♦ | We deduct all or part of the administrative charge from that Subaccount. |
♦ | The Accumulated Value on the date we calculate the death benefit; |
♦ | The sum of all premiums we received for the Contract, less the amount of all partial surrenders (including any applicable charges) which you made; and |
♦ | The Accumulated Value on the preceding Minimum Death Benefit Date plus the sum of the premiums we received for the Contract after that date, less the amount of any partial surrenders (including any applicable charges) which you made after that date. |
♦ | Surrender of a value of $100,000 or more; |
♦ | Request to withdraw or surrender if there has been a change of address on the account within the preceding 15 days; and |
♦ | Certain other transactions as determined by us. |
♦ | The total amount transferred must be at least $200. However, if the total value in a Subaccount or the Fixed Account is less than $200, the entire amount may be transferred. |
♦ | We reserve the right to limit the number of transfers in each Contract Year. However, we will always allow at least 12 transfers per Contract Year. We consider all amounts transferred in the same Valuation Period to be one transfer. It is not dependent upon the number of originating or destination Subaccounts. |
♦ | In any Contract Year, only one of your allowed transfers may be from the Fixed Account. Any transfer from the Fixed Account must be made on or within 45 days after a Contract Anniversary before the end of the valuation day. |
Contract Year | Percent Applied | |
1 | 6% | |
2 | 5% | |
3 | 4% | |
4 | 3% | |
5 | 2% | |
6 | 1% |
♦ | Cumulative Percent-of-Premium Limit. For all surrenders, we will limit the surrender charge so that on any date, the sum of all surrender charges applied to that date will not exceed 6.5% of the total of premiums you have paid to that date. |
♦ | Surrenders Paid Under Certain Settlement Options. For surrenders which you make after Contract Year three, there is no surrender charge applied to amounts which you elect to have paid under: |
♦ | Ten Percent Free Each Contract Year. In each Contract Year, you may surrender without a surrender charge up to 10% of the Accumulated Value existing at the time of your first surrender made in that Contract Year. This “Ten Percent Free” is not cumulative. For example, if you make no surrenders during the first three Contract Years, the percentage of Accumulated Value which you may surrender without charge in the fourth Contract Year is 10%, not 40%. |
♦ | Total Disability of the Annuitant. There is no surrender charge if the Annuitant is totally disabled (as defined in your Contract) on the date of a surrender. |
♦ | Series of Substantially Equal Periodic Payments for Life. There is no surrender charge if you receive payments made as one of a series of substantially equal periodic payments for your life or your life expectancy or the joint life expectancies of you and your beneficiary made not less frequently than annually. |
♦ | Mortality Risk. This includes our risk that (1) death benefits paid before the Annuity Commencement Date will be greater than the Accumulated Value available to pay those benefits, and (2) Annuitant payments involving life incomes will continue longer than we expected due to lower than expected death rates of the persons receiving them. |
♦ | Expense Risk. This is the risk that the expenses, with respect to the Contracts, will exceed Contract charges. |
♦ | Option 3V—Income for a Fixed Period. Under this option, we pay an annuity income for a fixed number of years, not to exceed 30. |
♦ | Option 4V—Life Income with Guaranteed Period. Under this option, we pay an annuity income for the lifetime of the payee. If the payee dies during the guaranteed period, payments will be continued to the end of that period and will be paid to the beneficiary. You may select a guaranteed period of 10 or 20 years |
♦ | Option 5V—Joint and Survivor Life Income with Guaranteed Period. Under this option, we pay an annuity income for as long as at least one of two payees is alive. If both payees die during the guaranteed period, payments will be continued to the end of that period and will be paid to the beneficiary. You may select a guaranteed period of 10 or 20 years. |
♦ | the Contract including any attached rider(s),if any, endorsements or amendments; |
♦ | the application attached to the Contract; and |
♦ | the Thrivent Financial Articles of Incorporation and Bylaws which are in effect on the issue date of the Contract. |
♦ | Contracts used in an employer sponsored retirement plan; |
♦ | Contracts issued in Massachusetts (beginning January 1, 2009); and |
♦ | Contracts issued in Montana (beginning October 1, 1985). |
♦ | Introduction |
♦ | Principal Underwriter |
♦ | Standard and Poor’s Disclaimer |
♦ | Independent Registered Public Accounting Firm and Financial Statements |
(Name) | (Date) | |||
(Street Address) | ||||
(City) | (State) | (Zip Code) |
Year ended Dec. 31, | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
Thrivent Aggressive Allocation Subaccount (April 29, 2005) | ||||||||||
Accumulation Unit: | ||||||||||
value at beginning of
period |
$19.21 | $17.64 | $17.91 | $17.08 | $13.59 | $12.24 | $12.89 | $11.09 | $8.58 | $13.82 |
value at end of
period |
$23.09 | $19.21 | $17.64 | $17.91 | $17.08 | $13.59 | $12.24 | $12.89 | $11.09 | $8.58 |
number outstanding at end of period (000
omitted) |
4,101 | 4,340 | 4,678 | 4,900 | 4,901 | 5,261 | 5,593 | 5,892 | 6,241 | 5,933 |
Thrivent Balanced Income Plus Subaccount (April 30, 2002)1 | ||||||||||
Accumulation unit: | ||||||||||
value at beginning of
period |
$19.61 | $18.52 | $18.75 | $17.87 | $15.32 | $13.78 | $13.37 | $11.93 | $9.91 | $13.55 |
value at end of
period |
$21.66 | $19.61 | $18.52 | $18.75 | $17.87 | $15.32 | $13.78 | $13.37 | $11.93 | $9.91 |
number outstanding at end of period (000
omitted) |
664 | 661 | 654 | 671 | 629 | 614 | 702 | 787 | 899 | 1,116 |
Thrivent Diversified Income Plus Subaccount (April 30, 2002)2 | ||||||||||
Accumulation unit: | ||||||||||
value at beginning of
period |
$23.12 | $21.83 | $22.06 | $21.39 | $19.45 | $17.18 | $16.98 | $14.81 | $11.26 | $14.83 |
value at end of
period |
$25.01 | $23.12 | $21.83 | $22.06 | $21.39 | $19.45 | $17.18 | $16.98 | $14.81 | $11.26 |
number outstanding at end of period (000
omitted) |
1,276 | 1,267 | 1,344 | 1,403 | 1,391 | 1,111 | 774 | 758 | 740 | 964 |
Thrivent Government Bond Subaccount (April 30, 2002)3 | ||||||||||
Accumulation unit: | ||||||||||
value at beginning of
period |
$15.75 | $15.69 | $15.74 | $14.94 | $15.49 | $14.92 | $13.94 | $12.90 | $12.02 | $12.26 |
value at end of
period |
$16.04 | $15.75 | $15.69 | $15.74 | $14.94 | $15.49 | $14.92 | $13.94 | $12.90 | $12.02 |
number outstanding at end of period (000
omitted) |
497 | 548 | 553 | 604 | 679 | 819 | 847 | 865 | 932 | 1,200 |
Thrivent Growth and Income Plus Subaccount (April 30, 2008)4 | ||||||||||
Accumulation Unit: | ||||||||||
value at beginning of
period |
$12.56 | $11.91 | $12.14 | $12.01 | $10.01 | $8.95 | $9.27 | $8.07 | $6.99 | $10.00 |
value at end of
period |
$14.16 | $12.56 | $11.91 | $12.14 | $12.01 | $10.01 | $8.95 | $9.27 | $8.07 | $6.99 |
number outstanding at end of period (000
omitted) |
385 | 434 | 493 | 531 | 562 | 411 | 398 | 223 | 81 | 56 |
Thrivent High Yield Subaccount (February 3, 1994) | ||||||||||
Accumulation unit: | ||||||||||
value at beginning of
period |
$53.35 | $47.83 | $49.70 | $49.28 | $46.61 | $40.52 | $39.13 | $34.53 | $24.33 | $31.16 |
value at end of
period |
$56.71 | $53.35 | $47.83 | $49.70 | $49.28 | $46.61 | $40.52 | $39.13 | $34.53 | $24.33 |
number outstanding at end of period (000
omitted) |
1,835 | 2,000 | 2,222 | 2,435 | 2,663 | 2,984 | 3,280 | 3,769 | 4,357 | 5,058 |
Thrivent Income Subaccount (February 3, 1994) | ||||||||||
Accumulation unit: | ||||||||||
value at beginning of
period |
$46.08 | $43.92 | $44.71 | $42.37 | $42.87 | $39.05 | $37.27 | $33.78 | $28.15 | $31.93 |
value at end of
period |
$48.44 | $46.08 | $43.92 | $44.71 | $42.37 | $42.87 | $39.05 | $37.27 | $33.78 | $28.15 |
number outstanding at end of period (000
omitted) |
1,671 | 1,830 | 2,058 | 2,269 | 2,532 | 3,006 | 3,256 | 3,784 | 4,359 | 5,215 |
Thrivent Large Cap Growth Subaccount (February 3, 1994) | ||||||||||
Accumulation unit: | ||||||||||
value at beginning of
period |
$96.67 | $99.21 | $90.79 | $82.71 | $61.42 | $52.11 | $55.62 | $50.79 | $36.32 | $63.31 |
value at end of
period |
$123.29 | $96.67 | $99.21 | $90.79 | $82.71 | $61.42 | $52.11 | $55.62 | $50.79 | $36.32 |
number outstanding at end of period (000
omitted) |
2,807 | 3,086 | 3,422 | 3,652 | 3,959 | 4,416 | 4,968 | 5,705 | 666 | 7,685 |
Year ended Dec. 31, | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
Thrivent Large Cap Index Subaccount (April 30, 2002) | ||||||||||
Accumulation unit: | ||||||||||
value at beginning of
period |
$22.84 | $20.68 | $20.67 | $18.46 | $14.16 | $12.39 | $12.32 | $10.86 | $8.70 | $13.99 |
value at end of
period |
$27.44 | $22.84 | $20.68 | $20.67 | $18.46 | $14.16 | $12.39 | $12.32 | $10.86 | $8.70 |
number outstanding at end of period (000
omitted) |
1,201 | 1,180 | 1,034 | 998 | 986 | 1,000 | 1,081 | 1,248 | 1,514 | 1,909 |
Thrivent Large Cap Stock Subaccount (April 30, 2002) | ||||||||||
Accumulation unit: | ||||||||||
value at beginning of
period |
$16.65 | $15.97 | $15.66 | $15.04 | $11.73 | $10.32 | $10.94 | $9.98 | $7.91 | $12.83 |
value at end of
period |
$19.95 | $16.65 | $15.97 | $15.66 | $15.04 | $11.73 | $10.32 | $10.94 | $9.98 | $7.91 |
number outstanding at end of period (000
omitted) |
1,018 | 1,090 | 1,231 | 1,177 | 1,299 | 1,256 | 1,477 | 1,722 | 2,093 | 2,610 |
Thrivent Large Cap Value Subaccount (November 30, 2001) | ||||||||||
Accumulation unit: | ||||||||||
value at beginning of
period |
$21.25 | $18.30 | $19.18 | $17.78 | $13.64 | $11.73 | $12.24 | $10.99 | $9.17 | $14.12 |
value at end of
period |
$24.73 | $21.25 | $18.30 | $19.18 | $17.78 | $13.64 | $11.73 | $12.24 | $10.99 | $9.17 |
number outstanding at end of period (000
omitted) |
1,698 | 1,839 | 1,964 | 2,122 | 2,321 | 2,566 | 2,995 | 3,563 | 4,126 | 4,956 |
Thrivent Limited Maturity Bond Subaccount (November 30, 2001) | ||||||||||
Accumulation unit: | ||||||||||
value at beginning of
period |
$13.14 | $12.92 | $12.97 | $12.90 | $12.98 | $12.58 | $12.61 | $12.11 | $10.74 | $11.60 |
value at end of
period |
$13.34 | $13.14 | $12.92 | $12.97 | $12.90 | $12.98 | $12.58 | $12.61 | $12.11 | $10.74 |
number outstanding at end of period (000
omitted) |
1,112 | 1,306 | 1,354 | 1,516 | 1,816 | 2,234 | 2,416 | 2,840 | 3,030 | 3,236 |
Thrivent Low Volatility Equity Subaccount (April 28, 2017) | ||||||||||
Accumulation unit: | ||||||||||
value at beginning of
period |
$— | |||||||||
value at end of
period |
$10.93 | |||||||||
number outstanding at end of period (000
omitted) |
48 | |||||||||
Thrivent Mid Cap Index Subaccount (April 30, 2002) | ||||||||||
Accumulation unit: | ||||||||||
value at beginning of
period |
$30.49 | $25.60 | $26.55 | $24.57 | $18.69 | $16.10 | $16.65 | $13.37 | $9.89 | #REF! |
value at end of
period |
$34.98 | $30.49 | $25.60 | $26.55 | $24.57 | $18.69 | $16.10 | $16.65 | $13.37 | $9.89 |
number outstanding at end of period (000
omitted) |
532 | 503 | 462 | 453 | 456 | 444 | 498 | 608 | 695 | 831 |
Thrivent Mid Cap Stock Subaccount (April 30, 2002) | ||||||||||
Accumulation unit: | ||||||||||
value at beginning of
period |
$32.44 | $25.48 | $25.75 | $23.26 | $17.35 | $15.35 | $16.56 | $13.33 | $9.69 | $16.54 |
value at end of
period |
$38.19 | $32.44 | $25.48 | $25.75 | $23.26 | $17.35 | $15.35 | $16.56 | $13.33 | $9.69 |
number outstanding at end of period (000
omitted) |
5,775 | 6,212 | 6,793 | 494 | 541 | 601 | 717 | 841 | 1,012 | 1,114 |
Thrivent Moderate Allocation Subaccount (April 29, 2005) | ||||||||||
Accumulation Unit: | ||||||||||
value at beginning of
period |
$17.52 | $16.27 | $16.54 | $15.79 | $13.87 | $12.55 | $12.82 | $11.40 | $9.09 | $12.71 |
value at end of
period |
$19.57 | $17.52 | $16.27 | $16.54 | $15.79 | $13.87 | $12.55 | $12.82 | $11.40 | $9.09 |
number outstanding at end of period (000
omitted) |
20,570 | 21,654 | 23,579 | 24,381 | 24,966 | 25,219 | 26,293 | 26,925 | 27,344 | 27,444 |
Thrivent Moderately Aggressive Allocation Subaccount (April 29, 2005) | ||||||||||
Accumulation Unit: | ||||||||||
value at beginning of
period |
$18.51 | $16.97 | $17.29 | $16.49 | $13.74 | $12.31 | $12.81 | $11.22 | $8.74 | $13.27 |
value at end of
period |
$21.38 | $18.51 | $16.97 | $17.29 | $16.49 | $13.74 | $12.31 | $12.81 | $11.22 | $8.74 |
number outstanding at end of period (000
omitted) |
14,588 | 15,499 | 16,702 | 17,487 | 17,661 | 17,903 | 19,051 | 19,800 | 20,690 | 20,734 |
Thrivent Moderately Conservative Allocation Subaccount (April 29, 2005) | ||||||||||
Accumulation Unit: | ||||||||||
value at beginning of
period |
$15.93 | $15.02 | $15.26 | $14.65 | $13.58 | $12.53 | $12.65 | $11.48 | $9.47 | $12.06 |
value at end of
period |
$17.26 | $15.93 | $15.02 | $15.26 | $14.65 | $13.58 | $12.53 | $12.65 | $11.48 | $9.47 |
number outstanding at end of period (000
omitted) |
8,482 | 9,080 | 9,799 | 10,436 | 11,033 | 11,913 | 11,932 | 11,646 | 11,399 | 11,526 |
Year ended Dec. 31, | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
Thrivent Money Market Subaccount (February 3, 1994) | ||||||||||
Accumulation unit: | ||||||||||
value at beginning of
period |
$1.86 | $1.88 | $1.90 | $1.92 | $1.94 | $1.96 | $1.98 | $2.00 | $2.02 | $1.98 |
value at end of
period |
$1.84 | $1.86 | $1.88 | $1.90 | $1.92 | $1.94 | $1.96 | $1.98 | $2.00 | $2.02 |
number outstanding at end of period (000
omitted) |
5,687 | 6,761 | 7,130 | 7,754 | 9,206 | 10,840 | 13,986 | 17,148 | 24,887 | 42,869 |
Thrivent Multidimensional Income Subaccount (April 28, 2017) | ||||||||||
Accumulation unit: | ||||||||||
value at beginning of
period |
$— | |||||||||
value at end of
period |
$10.27 | |||||||||
number outstanding at end of period (000
omitted) |
51 | |||||||||
Thrivent Opportunity Income Plus Subaccount (April 30, 2003)1 | ||||||||||
Accumulation unit: | ||||||||||
value at beginning of
period |
$14.81 | $14.08 | $14.24 | $13.91 | $14.26 | $13.60 | $13.16 | $11.87 | $10.62 | $11.30 |
value at end of
period |
$15.32 | $14.81 | $14.08 | $14.24 | $13.91 | $14.26 | $13.60 | $13.16 | $11.87 | $10.62 |
number outstanding at end of period (000
omitted) |
302 | 278 | 228 | 209 | 192 | 226 | 225 | 240 | 262 | 345 |
Thrivent Partner All Cap Subaccount (November 30, 2001) | ||||||||||
Accumulation unit: | ||||||||||
value at beginning of
period |
$18.69 | $17.86 | $17.66 | $15.91 | $12.11 | $10.67 | $11.33 | $9.85 | $7.75 | $13.73 |
value at end of
period |
$22.23 | $18.69 | $17.86 | $17.66 | $15.91 | $12.11 | $10.67 | $11.33 | $9.85 | $7.75 |
number outstanding at end of period (000
omitted) |
616 | 668 | 715 | 720 | 776 | 855 | 1,000 | 1,152 | 1,382 | 1,585 |
Thrivent Partner Emerging Markets Equity Subaccount (April 30, 2008)2 | ||||||||||
Accumulation unit: | ||||||||||
value at beginning of
period |
$11.19 | $10.14 | $11.86 | $12.27 | $13.39 | $10.75 | $12.19 | $9.68 | $5.60 | $10.00 |
value at end of
period |
$14.12 | $11.19 | $10.14 | $11.86 | $12.27 | $13.39 | $10.75 | $12.19 | $9.68 | $5.60 |
number outstanding at end of period (000
omitted) |
310 | 275 | 283 | 316 | 344 | 310 | 317 | 327 | 224 | 75 |
Thrivent Partner Growth Stock Subaccount (November 30, 2001) | ||||||||||
Accumulation unit: | ||||||||||
value at beginning of
period |
$23.91 | $23.85 | $21.79 | $20.30 | $14.78 | $12.60 | $12.93 | $11.21 | $7.91 | $13.83 |
value at end of
period |
$31.59 | $23.91 | $23.85 | $21.79 | $20.30 | $14.78 | $12.60 | $12.93 | $11.21 | $7.91 |
number outstanding at end of period (000
omitted) |
543 | 530 | 574 | 562 | 600 | 666 | 752 | 897 | 1,071 | 1,326 |
Thrivent Partner Healthcare Subaccount (April 30, 2008) | ||||||||||
Accumulation unit: | ||||||||||
value at beginning of
period |
$18.60 | $22.40 | $21.65 | $17.62 | $13.59 | $11.38 | $11.96 | $10.88 | $8.89 | $10.00 |
value at end of
period |
$21.97 | $18.60 | $22.40 | $21.65 | $17.62 | $13.59 | $11.38 | $11.96 | $10.88 | $8.89 |
number outstanding at end of period (000
omitted) |
450 | 478 | 522 | 343 | 262 | 190 | 187 | 197 | 177 | 122 |
Thrivent Partner Worldwide Allocation Subaccount (April 30, 2008) | ||||||||||
Accumulation unit: | ||||||||||
value at beginning of
period |
$9.73 | $9.52 | $9.70 | $10.37 | $9.01 | $7.68 | $8.83 | $7.87 | $6.05 | $10.00 |
value at end of
period |
$11.92 | $9.73 | $9.52 | $9.70 | $10.37 | $9.01 | $7.68 | $8.83 | $7.87 | $6.05 |
number outstanding at end of period (000
omitted) |
5,958 | 6,227 | 6,839 | 7,293 | 7,880 | 8,635 | 791 | 826 | 712 | 383 |
Thrivent Real Estate Securities Subaccount (April 30, 2003) | ||||||||||
Accumulation unit: | ||||||||||
value at beginning of
period |
$37.32 | $35.10 | $34.54 | $26.69 | $26.41 | $22.72 | $21.11 | $16.73 | $13.10 | $21.11 |
value at end of
period |
$39.11 | $37.32 | $35.10 | $34.54 | $26.69 | $26.41 | $22.72 | $21.11 | $16.73 | $13.10 |
number outstanding at end of period (000
omitted) |
363 | 389 | 408 | 437 | 472 | 519 | 571 | 678 | 797 | 979 |
Thrivent Small Cap Index Subaccount (April 30, 2002) | ||||||||||
Accumulation unit: | ||||||||||
value at beginning of
period |
$31.63 | $25.36 | $26.21 | $25.15 | $18.06 | $15.75 | $15.83 | $12.72 | $10.26 | $15.05 |
value at end of
period |
$35.40 | $31.63 | $25.36 | $26.21 | $25.15 | $18.06 | $15.75 | $15.83 | $12.72 | $10.26 |
number outstanding at end of period (000
omitted) |
484 | 464 | 430 | 440 | 448 | 445 | 512 | 608 | 694 | 840 |
Year ended Dec. 31, | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
Thrivent Small Cap Stock Subaccount (April 30, 2002) | ||||||||||
Accumulation unit: | ||||||||||
value at beginning of
period |
$24.72 | $19.85 | $20.71 | $19.99 | $14.87 | $13.74 | $14.68 | $11.86 | $9.96 | $16.12 |
value at end of
period |
$29.64 | $24.72 | $19.85 | $20.71 | $19.99 | $14.87 | $13.74 | $14.68 | $11.86 | $9.96 |
number outstanding at end of period (000
omitted) |
902 | 919 | 1,022 | 399 | 433 | 492 | 584 | 732 | 892 | 992 |
Service Center: | Corporate Office: | |
4321
North Ballard Road Appleton, WI 54919-0001 Telephone: 800-847-4836 E-mail: mail@thrivent.com |
625
Fourth Avenue South Minneapolis, MN 55415-1665 Telephone: 800-847-4836 E-mail: mail@thrivent.com |
TABLE OF CONTENTS | |
PAGE | |
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2 |
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2 |
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2 |
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3 |
|
4 |
2017 | 2016 | 2015 | ||
$1,224,149 | $1,950,984 | $1,978,266 |
2017 | 2016 | ||
Admitted Assets | |||
Bonds |
$43,291 | $41,908 | |
Stocks |
2,141 | 1,713 | |
Mortgage
loans |
8,202 | 7,776 | |
Real
estate |
59 | 55 | |
Cash, cash equivalents and short-term
investments |
1,573 | 1,731 | |
Contract
loans |
1,161 | 1,164 | |
Receivables for
securities |
49 | 70 | |
Limited
partnerships |
3,197 | 2,920 | |
Other invested
assets |
204 | 179 | |
Total cash and invested
assets |
59,877 | 57,516 | |
Accrued investment
income |
432 | 430 | |
Due premiums and
considerations |
121 | 125 | |
Other
assets |
47 | 45 | |
Assets held in separate
accounts |
30,492 | 26,718 | |
Total Admitted
Assets |
$90,969 | $84,834 | |
Liabilities | |||
Aggregate reserves for life, annuity and health
contracts |
$45,380 | $44,026 | |
Deposit
liabilities |
3,421 | 3,272 | |
Contract
claims |
338 | 296 | |
Dividends due in following calendar
year |
320 | 317 | |
Interest maintenance
reserve |
491 | 416 | |
Asset valuation
reserve |
1,217 | 1,099 | |
Transfers due from separate
account |
(582) | (567) | |
Payable for
securities |
556 | 384 | |
Securities lending
obligation |
365 | 523 | |
Other
liabilities |
746 | 671 | |
Liabilities related to separate
accounts |
30,448 | 26,671 | |
Total
Liabilities |
82,700 | 77,108 | |
Surplus | |||
Unassigned
funds |
8,268 | 7,725 | |
Other
surplus |
1 | 1 | |
Total
Surplus |
8,269 | 7,726 | |
Total Liabilities and
Surplus |
$90,969 | $84,834 |
2017 | 2016 | 2015 | |||
Revenues | |||||
Premiums |
$5,021 | $5,451 | $5,500 | ||
Considerations for supplementary contracts with life
contingencies |
113 | 78 | 66 | ||
Net investment
income |
2,709 | 2,768 | 2,805 | ||
Separate account
fees |
649 | 580 | 566 | ||
Amortization of interest maintenance
reserve |
130 | 118 | 128 | ||
Other
revenues |
46 | 48 | 56 | ||
Total
Revenues |
8,668 | 9,043 | 9,121 | ||
Benefits and Expenses | |||||
Death
benefits |
1,029 | 1,005 | 969 | ||
Surrender
benefits |
2,317 | 1,928 | 1,833 | ||
Change in
reserves |
1,441 | 1,712 | 1,339 | ||
Other
benefits |
1,504 | 1,414 | 1,327 | ||
Total
benefits |
6,291 | 6,059 | 5,468 | ||
Commissions |
270 | 286 | 295 | ||
General insurance
expenses |
682 | 637 | 587 | ||
Fraternal benefits and
expenses |
180 | 173 | 186 | ||
Transfers to (from) separate accounts,
net |
483 | 902 | 1,457 | ||
Total expenses and net
transfers |
1,615 | 1,998 | 2,525 | ||
Total Benefits and
Expenses |
7,906 | 8,057 | 7,993 | ||
Gain from Operations before Dividends and Capital Gains and
Losses |
762 | 986 | 1,128 | ||
Dividends |
319 | 315 | 316 | ||
Gain from Operations before Capital Gains and
Losses |
443 | 671 | 812 | ||
Realized capital gains (losses),
net |
74 | (115) | (42) | ||
Net
Income |
$ 517 | $ 556 | $ 770 |
2017 | 2016 | 2015 | |||
Surplus, Beginning of
Year |
$7,726 | $7,127 | $6,493 | ||
Net
income |
517 | 556 | 770 | ||
Change in unrealized investment gains and
losses |
85 | 68 | (164) | ||
Change in non-admitted
assets |
(11) | (6) | — | ||
Change in asset valuation
reserve |
(118) | (99) | (28) | ||
Change in surplus of separate
account |
(3) | (6) | (20) | ||
Reserve
Adjustment |
84 | — | — | ||
Pension liability
adjustment |
(11) | 86 | 76 | ||
Surplus, End of
Year |
$8,269 | $7,726 | $7,127 |
2017 | 2016 | 2015 | |||
Cash from Operations | |||||
Premiums |
$ 5,133 | $ 5,523 | $ 5,569 | ||
Net investment
income |
2,316 | 2,289 | 2,303 | ||
Other
revenues |
695 | 625 | 616 | ||
8,144 | 8,437 | 8,488 | |||
Benefit- and loss-related
payments |
(4,696) | (4,214) | (4,006) | ||
Transfers to separate account,
net |
(498) | (923) | (1,446) | ||
Commissions and
expenses |
(1,118) | (1,065) | (1,094) | ||
Dividends |
(317) | (311) | (239) | ||
Net Cash from
Operations |
1,515 | 1,924 | 1,703 | ||
Cash from Investments | |||||
Proceeds from investments sold, matured or repaid: | |||||
Bonds |
7,919 | 6,870 | 6,405 | ||
Stocks |
1,027 | 923 | 753 | ||
Mortgage
loans |
823 | 809 | 921 | ||
Other |
834 | 884 | 864 | ||
10,603 | 9,486 | 8,943 | |||
Cost of investments acquired or originated: | |||||
Bonds |
(8,939) | (8,841) | (7,950) | ||
Stocks |
(1,189) | (1,008) | (892) | ||
Mortgage
loans |
(1,253) | (1,034) | (1,101) | ||
Other |
(764) | (745) | (486) | ||
(12,145) | (11,628) | (10,429) | |||
Transactions under mortgage dollar roll program,
net |
(204) | 598 | 83 | ||
Change in net amounts due to/from
broker |
193 | (651) | 27 | ||
Change in collateral held for securities
lending |
(158) | 138 | (26) | ||
Change in contract
loans |
3 | 6 | 20 | ||
Net Cash from
Investments |
(1,708) | (2,051) | (1,382) | ||
Cash from Financing and Miscellaneous Sources | |||||
Net deposits (payments) on deposit-type
contracts |
37 | 57 | (19) | ||
Other |
(2) | (7) | 3 | ||
Net Cash from Financing and Miscellaneous
Sources |
35 | 50 | (16) | ||
Net Change in Cash, Cash Equivalents and Short-Term
Investments |
(158) | (77) | 305 | ||
Cash, Cash Equivalents and Short-Term Investments, Beginning of
Year |
1,731 | 1,808 | 1,503 | ||
Cash, Cash Equivalents and Short-Term Investments, End of
Year |
$ 1,573 | $ 1,731 | $ 1,808 | ||
Supplemental information: | |||||
Mortgage Loan
Refinancing |
$ 145 | $ 143 | $ 158 |
Admitted
Value |
Gross Unrealized | Fair
Value |
||||||
Gains | Losses | |||||||
December 31, 2017 | ||||||||
U.S. government and agency
securities |
$ 2,458 | $ 72 | $ 7 | $ 2,523 | ||||
U.S. state and political subdivision
securities |
105 | 42 | — | 147 | ||||
Securities issued by foreign
governments |
107 | 5 | — | 112 | ||||
Corporate debt
securities |
30,976 | 2,361 | 167 | 33,170 | ||||
Residential mortgage-backed
securities |
7,434 | 79 | 54 | 7,459 | ||||
Commercial mortgage-backed
securities |
1,786 | 16 | 17 | 1,785 | ||||
Collateralized debt
obligations |
3 | 11 | — | 14 | ||||
Other debt
obligations |
422 | 3 | 3 | 422 | ||||
Total
bonds |
$43,291 | $2,589 | $248 | $45,632 |
Admitted
Value |
Gross Unrealized | Fair
Value |
|||||||
Gains | Losses | ||||||||
December 31, 2016 | |||||||||
U.S. government and agency
securities |
$ 2,481 | $ 73 | $ 7 | $ 2,547 | |||||
U.S. state and political subdivision
securities |
134 | 33 | — | 167 | |||||
Securities issued by foreign
governments |
107 | 7 | 1 | 113 | |||||
Corporate debt
securities |
29,659 | 2,047 | 316 | 31,390 | |||||
Residential mortgage-backed
securities |
7,264 | 91 | 56 | 7,299 | |||||
Commercial mortgage-backed
securities |
1,845 | 16 | 27 | 1,834 | |||||
Collateralized debt
obligations |
3 | 8 | — | 11 | |||||
Other debt
obligations |
415 | 6 | 3 | 418 | |||||
Total
bonds |
$41,908 | $2,281 | $410 | $43,779 |
Admitted
Value |
Fair
Value | ||
December 31, 2017 | |||
Due in one year or
less |
$ 2,757 | $ 2,801 | |
Due after one year through five
years |
9,464 | 9,816 | |
Due after five years through ten
years |
13,294 | 13,626 | |
Due after ten
years |
19,410 | 21,024 | |
Total
|
$44,925 | $47,267 |
Less than 12 Months | 12 Months or More | ||||||||||
Number
of Securities |
Fair
Value |
Gross
Unrealized Losses |
Number
of Securities |
Fair
Value |
Gross
Unrealized Losses | ||||||
December 31, 2017 | |||||||||||
U.S. government and agency
securities |
20 | $ 873 | $ 5 | 3 | $ 55 | $ 2 | |||||
Securities issued by foreign
governments |
2 | 24 | — | — | — | — | |||||
Corporate debt
securities |
346 | 3,213 | 96 | 201 | 1,809 | 71 | |||||
Residential mortgage-backed
securities |
80 | 2,571 | 15 | 79 | 1,767 | 39 | |||||
Commercial mortgage-backed
securities |
52 | 489 | 4 | 46 | 408 | 13 | |||||
Collateralized debt
obligations |
— | — | — | 2 | — | — |
Less than 12 Months | 12 Months or More | ||||||||||
Number
of Securities |
Fair
Value |
Gross
Unrealized Losses |
Number
of Securities |
Fair
Value |
Gross
Unrealized Losses | ||||||
Other debt
obligations |
72 | 285 | 2 | 25 | 87 | 1 | |||||
Total
bonds |
572 | $ 7,455 | $122 | 356 | $4,126 | $126 | |||||
December 31, 2016 | |||||||||||
U.S. government and agency
securities |
9 | $ 345 | $ 7 | — | $ — | $— | |||||
Securities issued by foreign
governments |
2 | 24 | 1 | — | — | — | |||||
Corporate debt
securities |
756 | 6,806 | 241 | 123 | 794 | 75 | |||||
Residential mortgage-backed
securities |
111 | 4,146 | 44 | 34 | 144 | 12 | |||||
Commercial mortgage-backed
securities |
102 | 977 | 27 | — | — | — | |||||
Collateralized debt
obligations |
— | — | — | 2 | — | — | |||||
Other debt
obligations |
44 | 180 | 2 | 11 | 17 | 1 | |||||
Total
bonds |
1,024 | $12,478 | $322 | 170 | $ 955 | $ 88 |
CUSIP | Actual Cost | Fair Value | Book/Adjusted
Carrying Value | |||
|
$ 5 | $ 7 | $ 6 | |||
|
25 | 27 | 27 | |||
|
15 | 18 | 18 | |||
|
62 | 75 | 74 | |||
|
27 | 30 | 29 | |||
|
81 | 84 | 84 | |||
|
27 | 28 | 28 | |||
$242 | $269 | $266 |
2017 | 2016 | ||
Unaffiliated preferred stocks: | |||
Cost/statement
value |
$ 157 | 125 |
2017 | 2016 | ||
Gross unrealized
gains |
130 | 12 | |
Gross unrealized
losses |
(1) | (1) | |
Fair
value |
$ 286 | 136 | |
Unaffiliated common stocks: | |||
Cost |
$1,046 | 1,008 | |
Gross unrealized
gains |
329 | 225 | |
Gross unrealized
losses |
(13) | (22) | |
Fair value/statement
value |
$1,362 | 1,211 | |
Affiliated common stocks and mutual funds: | |||
Cost |
$ 532 | 325 | |
Gross unrealized
gains |
90 | 52 | |
Gross unrealized
losses |
— | — | |
Fair value/statement
value |
$ 622 | 377 | |
Total statement
value |
$2,141 | 1,713 |
Less than 12 Months | 12 Months or More | ||||||||||
Number
of Securities |
Fair
Value |
Gross
Unrealized Losses |
Number
of Securities |
Fair
Value |
Gross
Unrealized Losses | ||||||
December 31, 2017 | |||||||||||
Stocks |
141 | $166 | $12 | 3 | $2 | $2 | |||||
December 31, 2016 | |||||||||||
Stocks |
165 | $204 | $22 | 4 | $2 | $1 |
2017 | 2016 | ||
In good
standing |
$8,172 | $7,731 | |
In good standing, with restructured
terms |
26 | 40 | |
Delinquent |
2 | — | |
In process of
foreclosure |
2 | 5 | |
Total mortgage
loans |
$8,202 | $7,776 |
2017 | 2016 | ||
Loans with interest rates reduced during the year: | |||
Weighted average interest rate
reduction |
1.2% | 1.5% | |
Total principal
|
$ 59 | $151 | |
Number of
loans |
79 | 179 | |
Interest rates for loans issued during the year: | |||
Maximum |
6.0% | 5.5% | |
Minimum |
2.7% | 2.8% | |
Maximum loan-to-value ratio for loans issued during the year, exclusive of purchase money
mortgages |
75% | 75% |
2017 | 2016 | ||
Current |
$8,193 | $7,766 | |
30 – 59 days past
due |
2 | 4 | |
60 – 89 days past
due |
5 | 1 | |
90 – 179 days past
due |
2 | — | |
180+ days past
due |
— | 5 | |
Total mortgage
loans |
$8,202 | $7,776 | |
180+ Days Past Due and Accruing Interest: | |||
Investment |
$ — | $ 5 | |
Interest
accrued |
— | 1 | |
90 -179 Days Past Due and Accruing Interest: | |||
Investment |
2 | — | |
Interest
Accrued |
— | — |
2017 | 2016 | ||
Geographic Region | |||
Pacific |
25% | 25% | |
South
Atlantic |
19 | 19 | |
East North
Central |
9 | 10 | |
West North
Central |
14 | 14 | |
Mountain |
13 | 13 | |
Mid-Atlantic |
8 | 8 | |
West South
Central |
7 | 7 | |
Other |
5 | 4 | |
Total |
100% | 100% |
2017 | 2016 | ||
Property Type | |||
Industrial |
26% | 28% | |
Retail |
26 | 24 | |
Office |
18 | 19 | |
Church |
11 | 11 | |
Apartments |
11 | 10 | |
Other |
8 | 8 | |
Total |
100% | 100% |
2017 | 2016 | ||
Home office
properties |
$ 181 | $ 183 | |
Held-for-sale |
14 | 2 | |
Total before accumulated
depreciation |
195 | 185 | |
Accumulated
depreciation |
(136) | (130) | |
Total real
estate |
$ 59 | $ 55 |
Carrying
Value |
Notional
Amount |
Realized
Gain/(Loss) | |||
As of and for the year ended December 31, 2017 | |||||
Assets: | |||||
Call spread
options |
$ 38 | $339 | $ 20 | ||
Futures |
— | 344 | (41) | ||
Foreign currency
swaps |
9 | 202 | 3 | ||
Covered written call
options |
— | — | 4 | ||
Total
assets |
$ 47 | $885 | $ (14) | ||
Liabilities: | |||||
Call spread
options |
$ 26 | $381 | $ (17) | ||
Foreign currency
swaps |
27 | 227 | 2 | ||
Total
liabilities |
$ 53 | $608 | $ (15) | ||
As of and for the year ended December 31, 2016 | |||||
Assets: | |||||
Call spread
options |
$ 14 | $171 | $ (1) | ||
Futures |
— | — | (153) | ||
Foreign currency
swaps |
22 | 146 | 4 | ||
Total
assets |
$ 36 | $317 | $(150) | ||
Liabilities: | |||||
Call spread
options |
$ 10 | $178 | $ 1 | ||
Covered written call
options |
1 | 150 | 2 | ||
Foreign currency
swaps |
2 | 30 | — | ||
Total
liabilities |
$ 13 | $358 | $ 3 |
2017 | 2016 | ||
Loaned securities: | |||
Carrying
value |
$346 | $499 | |
Fair
value |
357 | 512 | |
Cash collateral reinvested at book and fair value: | |||
Open
|
$ 45 | $ 95 | |
30 days or
less |
239 | 317 | |
31 – 60
days |
49 | 53 | |
61 – 90
days |
13 | 4 | |
91 – 120
days |
— | — | |
121 – 180
days |
— | 5 | |
181 – 365
days |
5 | 10 | |
1 – 2
years |
14 | — | |
2 – 3
years |
— | — | |
Greater than 3
years |
— | 29 | |
Total |
$365 | $513 | |
Cash collateral
liabilities |
$365 | $523 |
2017 | 2016 | ||
Bonds: | |||
Carrying
value |
$ 19 | $ 52 | |
Fair
value |
19 | 52 | |
Short-term Investments: | |||
Carrying
value |
$ 18 | $105 | |
Fair
value |
18 | 105 | |
Cash Equivalents | |||
Carrying
value |
$328 | $356 | |
Fair
value |
328 | 356 |
2017 | 2016 | 2015 | |||
Bonds |
$1,745 | $1,671 | $1,702 | ||
Preferred
stock |
7 | 7 | 6 | ||
Unaffiliated common
stocks |
21 | 21 | 17 | ||
Affiliated common
stocks |
11 | 3 | 34 | ||
Mortgage
loans |
391 | 399 | 411 | ||
Real
estate |
24 | 24 | 23 | ||
Contract
loans |
80 | 84 | 85 | ||
Cash, cash equivalents and short-term
investments |
20 | 13 | 5 | ||
Limited
partnerships |
450 | 585 | 557 | ||
Other invested
assets |
13 | 11 | 11 | ||
2,762 | 2,818 | 2,851 | |||
Investment
expenses |
(47) | (43) | (39) | ||
Depreciation on real
estate |
(6) | (7) | (7) | ||
Net investment
income |
$2,709 | $2,768 | $2,805 |
2017 | 2016 | 2015 | |||
Net gains (losses) on sales: | |||||
Bonds: | |||||
Gross
gains |
226 | $ 200 | $ 186 | ||
Gross
losses |
(40) | (91) | (76) | ||
Stocks: | |||||
Gross
gains |
143 | 116 | 87 | ||
Gross
losses |
(31) | (48) | (37) | ||
Futures |
(41) | (153) | (57) | ||
Other |
31 | — | (1) | ||
Net (losses) gains on
sales |
288 | 24 | 102 | ||
Provisions for losses: | |||||
Bonds |
(10) | (21) | (19) | ||
Stocks |
— | — | — | ||
Other |
— | (7) | (2) | ||
Total provisions for
losses |
(10) | (28) | (21) | ||
Realized capital (losses)
gains |
278 | (4) | 81 | ||
Transfers to interest maintenance
reserve |
(204) | (111) | (123) | ||
Realized capital losses,
net |
$ 74 | $(115) | $ (42) |
CUSIP | Book
Value Before Impairment |
Impairment
Recognized |
Amortized
Cost After Impairment |
Fair
Value as of Date Impaired | ||||
|
$ 7 | $— | $ 7 | $ 7 | ||||
|
1 | — | 1 | 1 | ||||
|
8 | — | 8 | 8 | ||||
|
6 | — | 6 | 6 | ||||
|
3 | — | 3 | 3 | ||||
|
2 | — | 2 | 2 | ||||
75970OAJ9 |
3 | 1 | 2 | 2 | ||||
|
3 | 1 | 2 | 2 | ||||
|
3 | 2 | 1 | 1 | ||||
|
1 | — | 1 | 1 | ||||
Total |
$37 | $ 4 | $33 | $33 |
General
Account |
Separate
Account With Guarantees |
Separate
Account Without Guarantees |
Total | %
of Total | |||||
December 31, 2017 | |||||||||
Subject to discretionary withdrawal: | |||||||||
With market value
adjustment |
$ — | $338 | $ — | $ 338 | 1% | ||||
At book value less a surrender charge of 5% or
more |
4,963 | — | — | 4,963 | 10 | ||||
At fair
value |
— | — | 28,422 | 28,422 | 59 | ||||
At book value without
adjustment |
12,911 | — | — | 12,911 | 27 | ||||
Not subject to discretionary
withdrawal |
1,340 | — | 59 | 1,399 | 3 | ||||
Total |
$19,214 | $338 | $28,481 | $48,033 | 100% | ||||
December 31, 2016 | |||||||||
Subject to discretionary withdrawal: | |||||||||
With market value
adjustment |
$ — | $361 | $ — | $ 361 | 1% | ||||
At book value less a surrender charge of 5% or
more |
4,943 | — | — | 4,943 | 11 | ||||
At fair
value |
— | — | 24,816 | 24,816 | 56 | ||||
At book value without
adjustment |
12,518 | — | — | 12,518 | 29 | ||||
Not subject to discretionary
withdrawal |
1,293 | — | 56 | 1,349 | 3 | ||||
Total |
$18,754 | $361 | $24,872 | $43,987 | 100% |
2017 | 2016 | ||
Aggregate reserves for life, annuity and health
contracts |
$15,793 | $15,482 | |
Deposit
liabilities |
3,421 | 3,272 | |
Liabilities related to separate
accounts |
28,819 | 25,233 | |
Total |
$48,033 | $43,987 |
Gross | Net
of Loading | ||
December 31, 2017 | |||
Ordinary new
business |
$ 7 | $ 4 | |
Ordinary
renewal |
49 | 104 | |
Total |
$56 | $108 | |
December 31, 2016 | |||
Ordinary new
business |
$ 5 | $ 2 | |
Ordinary
renewal |
62 | 121 | |
Total |
$67 | $123 |
2017 | 2016 | 2015 | 2014 | 2013 | |||||
Risk charge
paid |
$107 | $99 | $99 | $86 | $58 | ||||
Payments for guaranteed
benefits |
4 | 5 | 4 | 3 | 3 |
2017 | 2016 | ||
Equity
funds |
59% | 56% | |
Bond
funds |
20 | 23 | |
Balanced
funds |
19 | 18 | |
Other |
2 | 3 | |
Total separate account
assets |
100% | 100% |
Non-Indexed
Guarantee |
Non-
Guaranteed |
Total | |||
December 31, 2017 | |||||
Reserves: | |||||
For accounts with assets at fair
value |
$338 | $29,527 | $29,865 | ||
By withdrawal characteristics: | |||||
Subject to discretionary withdrawal: | |||||
With market value
adjustment |
$338 | $ — | $ 338 | ||
At fair
value |
— | 29,468 | 29,468 | ||
Not subject to discretionary
withdrawal |
— | 59 | 59 | ||
Total |
$338 | $29,527 | $29,865 | ||
December 31, 2016 | |||||
Reserves: | |||||
For accounts with assets at fair
value |
$361 | $25,743 | $26,104 | ||
By withdrawal characteristics: | |||||
Subject to discretionary withdrawal: | |||||
With market value
adjustment |
$361 | $ — | $ 361 | ||
At fair
value |
— | 25,687 | 25,687 | ||
Not subject to discretionary
withdrawal |
— | 56 | 56 | ||
Total |
$361 | $25,743 | $26,104 |
2017 | 2016 | 2015 | |||
Premiums, considerations and deposits: | |||||
Non-indexed
guarantee |
$ 1 | $ 5 | $ 2 | ||
Non-guaranteed |
1,806 | 1,926 | 2,505 | ||
Total |
$1,807 | $1,931 | $2,507 |
2017 | 2016 | 2015 | |||
Transfers to separate
accounts |
$ 1,806 | $ 1,930 | $ 2,504 | ||
Transfers from separate
accounts |
(1,321) | (1,027) | (1,044) | ||
Other
items |
(2) | (1) | (3) | ||
Transfers to separate accounts,
net |
$ 483 | $ 902 | $ 1,457 |
2017 | 2016 | ||
Net balance at January
1 |
$1,022 | $1,006 | |
Incurred related to: | |||
Current
year |
451 | 401 | |
Prior
years |
(35) | (52) | |
Total
incurred |
416 | 349 | |
Paid related to: | |||
Current
year |
84 | 68 | |
Prior
years |
265 | 265 | |
Total
paid |
349 | 333 | |
Net balance at December
31 |
$1,089 | $1,022 |
2017 | 2016 | 2015 | |||
Direct
premiums |
$5,146 | $5,570 | $5,612 | ||
Reinsurance
ceded |
(125) | (119) | (112) | ||
Net
premiums |
5,021 | $5,451 | $5,500 | ||
Reinsurance claims
recovered |
$ 65 | $ 50 | $ 38 |
2017 | 2016 | ||
Life
insurance |
$758 | $689 | |
Accident and
health |
— | 1 | |
Total |
$758 | $690 |
2017 | 2016 | ||
Unrealized gains and
losses |
$ 554 | $ 425 | |
Non-admitted
assets |
(115) | (104) | |
Separate account
business |
45 | 48 | |
Asset valuation
reserve |
(1,217) | (1,099) |
Level 1 | Level 2 | Level 3 | Total | ||||
December 31, 2017 | |||||||
Assets | |||||||
Bonds |
$ 269 | $ — | $— | $ 269 | |||
Unaffiliated common
stocks |
1,304 | 58 | — | 1,362 | |||
Cash, Cash equivalents and short-term
investments |
106 | — | — | 106 | |||
Other invested
assets |
— | 10 | 38 | 48 | |||
Assets held in separate
accounts |
— | 30,492 | — | 30,492 | |||
Total |
$1,679 | $30,560 | $ 38 | $32,277 | |||
Liabilities | |||||||
Other
liabilities |
$ — | $ 27 | $ 26 | $ 53 | |||
December 31, 2016 | |||||||
Assets | |||||||
Bonds |
$ 267 | $ — | $— | $ 267 | |||
Unaffiliated common
stocks |
1,134 | 77 | — | 1,211 | |||
Cash, cash equivalents and short-term
investments |
285 | - | — | 285 | |||
Other invested
assets |
- | 22 | 14 | 36 | |||
Assets held in separate
accounts |
- | 26,718 | — | 26,718 | |||
Total |
$1,686 | $26,817 | $ 14 | $28,517 | |||
Liabilities | |||||||
Other
liabilities |
$ — | $ 2 | $ 10 | $ 12 |
2017 | 2016 | ||
Assets: | |||
Balance, January
1 |
$ 14 | $ 5 | |
Purchases |
20 | 10 | |
Sales |
(10) | (6) | |
Unrealized gains and
losses |
14 | 5 | |
Balance, December
31 |
$ 38 | $14 | |
Liabilities: | |||
Balance, January
1 |
$ 10 | $ 3 | |
Purchases |
12 | 6 | |
Sales |
(7) | (3) | |
Unrealized gains and
losses |
11 | 4 | |
Balance, December
31 |
$ 26 | $10 |
Carrying
Value |
Fair Value | ||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||
December 31, 2017 | |||||||||
Financial assets: | |||||||||
Bonds |
$43,291 | 2,311 | 34,584 | 8,737 | 45,632 | ||||
Unaffiliated preferred
stocks |
157 | — | 79 | 207 | 286 | ||||
Unaffiliated common
stocks |
1,362 | 1,304 | 58 | — | 1,362 | ||||
Mortgage
loans |
8,202 | — | — | 8,611 | 8,611 | ||||
Contract
loans |
1,161 | — | — | 1,161 | 1,161 | ||||
Cash, cash equivalents and short-term
investments |
1,573 | 106 | 1,469 | 2 | 1,577 | ||||
Limited
partnerships |
3,197 | — | — | 3,197 | 3,197 | ||||
Real estate —
held-for-sale |
14 | — | — | 69 | 69 | ||||
Assets held in separate
accounts |
30,492 | — | 30,492 | — | 30,492 | ||||
Other invested
assets |
204 | — | 114 | 116 | 230 | ||||
Financial liabilities: | |||||||||
Deferred
annuities |
13,616 | — | — | 13,405 | 13,405 | ||||
Other deposit
contracts |
1,065 | — | — | 1,065 | 1,065 | ||||
Other
liabilities |
53 | — | 31 | 26 | 57 | ||||
Liabilities related to separate
accounts |
30,448 | — | 30,448 | — | 30,448 | ||||
December 31, 2016 | |||||||||
Financial assets: | |||||||||
Bonds |
$41,908 | 2,409 | 33,952 | 7,418 | 43,779 | ||||
Unaffiliated preferred
stocks |
125 | — | 106 | 29 | 135 | ||||
Unaffiliated common
stocks |
1,211 | 1,134 | 77 | — | 1,211 | ||||
Mortgage
loans |
7,776 | — | — | 8,179 | 8,179 | ||||
Contract
loans |
1,164 | — | — | 1,164 | 1,164 | ||||
Cash, cash equivalents and short-term
investments |
1,731 | 301 | 1,430 | — | 1,731 | ||||
Limited
partnerships |
2,920 | — | — | 2,920 | 2,920 | ||||
Real estate —
held-for-sale |
2 | — | — | 2 | 2 | ||||
Assets held in separate
accounts |
26,718 | — | 26,718 | — | 26,718 | ||||
Other invested
assets |
179 | — | 24 | 179 | 203 | ||||
Financial liabilities: | |||||||||
Deferred
annuities |
13,232 | — | — | 13,071 | 13,071 | ||||
Other deposit
contracts |
1,123 | — | — | 1,123 | 1,123 | ||||
Other
liabilities |
13 | — | 2 | 10 | 12 | ||||
Liabilities related to separate
accounts |
26,671 | — | 26,671 | — | 26,671 |
Retirement Plan | Other Plans | ||||||||||
2017 | 2016 | 2015 | 2017 | 2016 | 2015 | ||||||
Service
cost |
$ 23 | $ 23 | $ 23 | $ 2 | $ 2 | $ 2 | |||||
Interest
cost |
46 | 50 | 48 | 5 | 4 | 5 | |||||
Expected return on plan
assets |
(69) | (68) | (69) | — | — | — | |||||
Other |
18 | 26 | 32 | 6 | 6 | 7 | |||||
Net periodic
cost |
$ 18 | $ 31 | $ 34 | $ 13 | $ 12 | $ 14 |
Retirement Plan | Other Plans | ||||||
2017 | 2016 | 2017 | 2016 | ||||
Change in projected benefit obligation: | |||||||
Benefit obligation, beginning of
year |
$1,083 | $1,111 | $111 | $109 | |||
Service
cost |
23 | 23 | 2 | 2 | |||
Interest
cost |
46 | 50 | 5 | 4 | |||
Actuarial (gain)
loss |
82 | (57) | 10 | 1 | |||
Transfers from Defined Contribution
Plan |
— | — | — | — | |||
Benefits
paid |
(47) | (44) | (8) | (5) | |||
Benefit obligation, end of
year |
$1,187 | $1,083 | $120 | $111 | |||
Change in plan assets: | |||||||
Fair value of plan assets, beginning of
year |
$ 935 | $ 892 | $— | $— | |||
Actual return on plan
assets |
127 | 67 | — | — | |||
Employer
contribution |
20 | 20 | 8 | 5 | |||
Transfers from Defined Contribution
Plan |
— | — | — | — | |||
Benefits
paid |
(47) | (44) | (8) | (5) | |||
Fair value of plan assets, end of
year |
$1,035 | $ 935 | $— | $— |
Retirement Plan | Other Plans | ||||||
2017 | 2016 | 2017 | 2016 | ||||
Funded status: | |||||||
Accrued benefit
costs |
$ — | $ — | $(127) | $(122) | |||
Liability for pension
benefits |
(152) | (148) | 7 | 11 | |||
Total unfunded
liabilities |
(152) | (148) | (120) | (111) | |||
Items not yet recognized: | |||||||
Net losses
(gains) |
306 | 301 | (11) | (23) | |||
Net prior service
cost |
— | (1) | 4 | 12 | |||
Accumulated amounts recognized in periodic pension
expenses |
154 | $ 152 | (127) | $(122) | |||
Accumulated benefit
obligation |
$1,137 | $1,034 | $ 120 | $ 111 |
Retirement Plan | Other Plans | ||||||||||
Net
Prior Service Cost |
Net
Recognized (Gains) Losses |
Total | Net
Prior Service Cost |
Net
Recognized (Gains) Losses |
Total | ||||||
Items not yet recognized, January 1,
2016 |
$ (2) | $384 | $382 | $ 19 | $ (25) | $ (6) | |||||
Net prior service cost
recognized |
1 | — | 1 | (7) | — | (7) | |||||
Net (gain) loss arising during the
period |
— | (56) | (56) | — | 1 | 1 | |||||
Net gain (loss)
recognized |
— | (27) | (27) | — | 1 | 1 | |||||
Items not yet recognized, December 31,
2016 |
$ (1) | $301 | $300 | $ 12 | $ (23) | $(11) | |||||
Net prior service cost
recognized |
1 | — | 1 | (8) | — | (8) | |||||
Net (gain) loss arising during the
period |
— | 24 | 24 | — | 10 | 10 | |||||
Net gain (loss)
recognized |
— | (19) | (19) | — | 2 | 2 | |||||
Items not yet recognized, December 31,
2017 |
$— | $306 | $306 | $ 4 | $ (11) | $ (7) |
Retirement Plan | Other Plans | ||||||
2017 | 2016 | 2017 | 2016 | ||||
Net prior service
cost |
$— | $ (1) | $ 4 | $ 7 | |||
Net recognized
(gains)/losses |
19 | 19 | — | (1) |
Retirement Plan | Other Plans | ||||||
2017 | 2016 | 2017 | 2016 | ||||
Weighted average assumptions: | |||||||
Discount
rate |
4.30% | 4.30% | 3.70% | 4.30% | |||
Expected return on plan
assets |
7.50 | 7.75 | N/A | N/A | |||
Rate of compensation
increase |
3.40 | 3.40 | N/A | N/A |
Target
Allocation |
Actual Allocation | ||||
2017 | 2016 | ||||
Equity
securities |
60% | 66% | 61% | ||
Fixed income and other
securities |
40 | 34 | 39 | ||
Total |
100% | 100% | 100% |
Level 1 | Level 2 | Level 3 | Total | ||||
December 31, 2017 | |||||||
Fixed maturity securities: | |||||||
U.S. government and agency
securities |
$ 62 | $ 3 | $— | $ 65 | |||
Securities issued by foreign
governments |
— | 1 | — | 1 | |||
Corporate debt
securities |
— | 199 | 1 | 200 | |||
Residential mortgage-backed
securities |
— | 108 | — | 108 | |||
Commercial mortgage-backed
securities |
— | 7 | — | 7 | |||
Other debt
obligations |
— | 7 | — | 7 | |||
Common
stocks |
443 | 8 | — | 451 | |||
Preferred
stock |
— | — | — | — | |||
Affiliated mutual funds — equity
funds |
— | 106 | — | 106 | |||
Short-term
investments |
— | 120 | — | 120 | |||
Limited
partnerships |
— | — | 61 | 61 | |||
Derivatives |
— | — | 1 | 1 | |||
Total |
$505 | $559 | $ 63 | $1,127 |
Level 1 | Level 2 | Level 3 | Total | ||||
December 31, 2016 | |||||||
Fixed maturity securities: | |||||||
U.S. government and agency
securities |
$103 | $— | $— | $ 103 | |||
Securities issued by foreign
governments |
— | 1 | — | 1 | |||
Corporate debt
securities |
— | 172 | 1 | 173 | |||
Residential mortgage-backed
securities |
— | 104 | — | 104 | |||
Commercial mortgage-backed
securities |
— | 5 | — | 5 | |||
Other debt
obligations |
— | 12 | — | 12 | |||
Common
stocks |
361 | 8 | — | 369 | |||
Preferred
stock |
— | 1 | — | 1 | |||
Affiliated mutual funds — equity
funds |
— | 66 | — | 66 | |||
Short-term
investments |
— | 155 | — | 155 | |||
Limited
partnerships |
— | — | 35 | 35 | |||
Derivatives |
— | — | — | — | |||
Total |
$464 | $524 | $ 36 | $1,024 |
Corporate
debt securities |
Limited
Partnerships |
Total | |||
Balance, January 1,
2016 |
$— | $ 19 | $ 19 | ||
Purchases |
1 | 20 | 21 | ||
Sales |
— | (7) | (7) | ||
Transfers into Level
3 |
— | 3 | 3 | ||
Balance, December 31,
2016 |
$ 1 | $ 35 | $ 36 | ||
Purchases |
1 | 27 | 28 | ||
Unrealized gains and
losses |
1 | 8 | 9 | ||
Sales |
(1) | (9) | (10) | ||
Transfers into Level
3 |
— | — | — | ||
Balance, December 31,
2017 |
$ 2 | $ 61 | $ 63 |
Subaccount | Investments
at fair value |
Receivable
from Thrivent Financial for annuity reserve adjustment |
Total
Assets |
Payable
to Thrivent Financial for annuity reserve adjustment |
Net
Assets |
Contracts
in accumulation period |
Reserves
for contracts in annuity payment period |
Net
Assets |
Accumulation
units outstanding |
Unit
value (accumulation) |
Deathclaim
units |
Deathclaim
unit value |
Series
funds, at cost |
Series
funds shares owned | ||||||||||||||
Aggressive
Allocation |
$ 94,863,559 | $ — | $ 94,863,559 | $3,274 | $ 94,860,285 | $ 94,679,883 | $ 180,402 | $ 94,860,285 | 4,101,183 | $ 23.09 | 11 | $21.89 | $ 68,350,094 | 5,419,041 | ||||||||||||||
Balanced Income
Plus |
$ 14,740,566 | $ 9,479 | $ 14,750,045 | $ — | $ 14,750,045 | $ 14,389,968 | $ 360,077 | $ 14,750,045 | 663,520 | $ 21.66 | 918 | $19.27 | $ 14,001,824 | 959,142 | ||||||||||||||
Diversified Income
Plus |
$ 32,563,524 | $ 21,532 | $ 32,585,056 | $ — | $ 32,585,056 | $ 32,008,243 | $ 576,813 | $ 32,585,056 | 1,275,876 | $ 25.01 | 5,234 | $19.27 | $ 28,814,438 | 3,957,600 | ||||||||||||||
Government
Bond |
$ 8,104,818 | $ 16,054 | $ 8,120,872 | $ — | $ 8,120,872 | $ 7,983,743 | $ 137,129 | $ 8,120,872 | 497,193 | $ 16.04 | 632 | $14.41 | $ 7,999,100 | 740,349 | ||||||||||||||
Growth and Income
Plus |
$ 5,491,770 | $ 2,506 | $ 5,494,276 | $ — | $ 5,494,276 | $ 5,446,437 | $ 47,839 | $ 5,494,276 | 384,607 | $ 14.16 | — | $14.37 | $ 4,862,346 | 481,455 | ||||||||||||||
High
Yield |
$107,152,187 | $325,761 | $107,477,948 | $ — | $107,477,948 | $104,396,579 | $3,081,369 | $107,477,948 | 1,835,183 | $ 56.71 | 15,697 | $20.86 | $130,096,356 | 22,073,664 | ||||||||||||||
Income |
$ 83,475,300 | $319,309 | $ 83,794,609 | $ — | $ 83,794,609 | $ 81,495,394 | $2,299,215 | $ 83,794,609 | 1,670,895 | $ 48.44 | 33,306 | $16.65 | $ 80,112,888 | 8,082,113 | ||||||||||||||
Large Cap
Growth |
$353,736,509 | $871,789 | $354,608,298 | $ — | $354,608,298 | $346,829,256 | $7,779,042 | $354,608,298 | 2,807,098 | $123.29 | 29,187 | $25.26 | $205,102,151 | 9,961,855 | ||||||||||||||
Large Cap
Index |
$ 33,374,378 | $ 10,437 | $ 33,384,815 | $ — | $ 33,384,815 | $ 33,006,937 | $ 377,878 | $ 33,384,815 | 1,200,921 | $ 27.44 | 2,235 | $24.70 | $ 21,817,260 | 903,075 | ||||||||||||||
Large Cap
Stock |
$ 20,646,762 | $ 4,972 | $ 20,651,734 | $ — | $ 20,651,734 | $ 20,362,874 | $ 288,860 | $ 20,651,734 | 1,018,342 | $ 19.95 | 2,242 | $19.39 | $ 14,184,420 | 1,436,357 | ||||||||||||||
Large Cap
Value |
$ 42,714,907 | $ 52,635 | $ 42,767,542 | $ — | $ 42,767,542 | $ 42,059,201 | $ 708,341 | $ 42,767,542 | 1,697,993 | $ 24.73 | 3,264 | $22.77 | $ 25,672,377 | 2,251,720 | ||||||||||||||
Limited Maturity
Bond |
$ 15,167,683 | $ 29,587 | $ 15,197,270 | $ — | $ 15,197,270 | $ 14,841,649 | $ 355,621 | $ 15,197,270 | 1,112,041 | $ 13.34 | 625 | $12.49 | $ 15,148,762 | 1,537,292 | ||||||||||||||
Low Volatility
Equity |
$ 523,150 | $ — | $ 523,150 | $ — | $ 523,150 | $ 523,150 | $ — | $ 523,150 | 47,864 | $ 10.93 | — | $10.94 | $ 499,157 | 48,025 | ||||||||||||||
Mid Cap
Index |
$ 18,863,578 | $ 12,389 | $ 18,875,967 | $ — | $ 18,875,967 | $ 18,636,479 | $ 239,488 | $ 18,875,967 | 532,131 | $ 34.98 | 803 | $27.84 | $ 14,131,635 | 993,573 | ||||||||||||||
Mid Cap
Stock |
$224,791,198 | $304,903 | $225,096,101 | $ — | $225,096,101 | $220,936,811 | $4,159,290 | $225,096,101 | 5,775,163 | $ 38.19 | 13,979 | $29.23 | $173,537,521 | 10,798,340 | ||||||||||||||
Moderate
Allocation |
$407,449,707 | $368,665 | $407,818,372 | $ — | $407,818,372 | $402,963,454 | $4,854,918 | $407,818,372 | 20,570,407 | $ 19.57 | 20,080 | $19.06 | $324,184,632 | 27,043,242 | ||||||||||||||
Moderately Aggressive
Allocation |
$314,790,614 | $ 68,757 | $314,859,371 | $ — | $314,859,371 | $312,542,669 | $2,316,702 | $314,859,371 | 14,588,385 | $ 21.38 | 31,767 | $20.55 | $236,908,358 | 19,196,423 | ||||||||||||||
Moderately Conservative
Allocation |
$148,142,117 | $ 94,750 | $148,236,867 | $ — | $148,236,867 | $146,866,323 | $1,370,544 | $148,236,867 | 8,482,014 | $ 17.26 | 28,281 | $17.00 | $126,748,129 | 10,879,524 | ||||||||||||||
Money
Market |
$ 10,688,955 | $ 24,747 | $ 10,713,702 | $ — | $ 10,713,702 | $ 10,543,535 | $ 170,167 | $ 10,713,702 | 5,686,879 | $ 1.84 | 44,585 | $ 1.03 | $ 10,688,954 | 10,688,954 | ||||||||||||||
Multidimensional
Income |
$ 524,316 | $ — | $ 524,316 | $ — | $ 524,316 | $ 524,316 | $ — | $ 524,316 | 51,034 | $ 10.27 | — | $10.28 | $ 529,562 | 52,015 | ||||||||||||||
Opportunity Income
Plus |
$ 4,794,102 | $ 2,697 | $ 4,796,799 | $ — | $ 4,796,799 | $ 4,741,410 | $ 55,389 | $ 4,796,799 | 301,848 | $ 15.32 | 7,765 | $14.93 | $ 4,757,750 | 469,983 | ||||||||||||||
Partner All
Cap |
$ 13,895,489 | $ 9,696 | $ 13,905,185 | $ — | $ 13,905,185 | $ 13,726,929 | $ 178,256 | $ 13,905,185 | 616,240 | $ 22.23 | 1,241 | $24.01 | $ 9,359,173 | 893,877 | ||||||||||||||
Partner Emerging Markets
Equity |
$ 4,404,955 | $ 100 | $ 4,405,055 | $ — | $ 4,405,055 | $ 4,385,207 | $ 19,848 | $ 4,405,055 | 310,482 | $ 14.12 | — | $14.33 | $ 3,546,297 | 305,072 | ||||||||||||||
Partner Growth
Stock |
$ 17,323,979 | $ 12,930 | $ 17,336,909 | $ — | $ 17,336,909 | $ 17,211,909 | $ 125,000 | $ 17,336,909 | 543,065 | $ 31.59 | 1,865 | $29.63 | $ 10,317,297 | 728,220 | ||||||||||||||
Partner
Healthcare |
$ 9,911,666 | $ 606 | $ 9,912,272 | $ — | $ 9,912,272 | $ 9,897,084 | $ 15,188 | $ 9,912,272 | 450,308 | $ 21.97 | 83 | $22.30 | $ 9,574,642 | 554,250 | ||||||||||||||
Partner Worldwide
Allocation |
$ 72,076,350 | $ 86,366 | $ 72,162,716 | $ — | $ 72,162,716 | $ 71,111,373 | $1,051,343 | $ 72,162,716 | 5,958,415 | $ 11.92 | 5,910 | $12.10 | $ 53,053,244 | 6,538,961 | ||||||||||||||
Real Estate
Securities |
$ 14,539,276 | $ 9,372 | $ 14,548,648 | $ — | $ 14,548,648 | $ 14,194,113 | $ 354,535 | $ 14,548,648 | 362,668 | $ 39.11 | 486 | $21.82 | $ 10,355,579 | 600,720 | ||||||||||||||
Small Cap
Index |
$ 17,376,031 | $ 7,876 | $ 17,383,907 | $ — | $ 17,383,907 | $ 17,167,110 | $ 216,797 | $ 17,383,907 | 484,411 | $ 35.40 | 735 | $27.64 | $ 14,164,229 | 905,186 | ||||||||||||||
Small Cap
Stock |
$ 27,055,501 | $ 7,382 | $ 27,062,883 | $ — | $ 27,062,883 | $ 26,740,555 | $ 322,328 | $ 27,062,883 | 901,739 | $ 29.64 | 420 | $23.07 | $ 20,221,089 | 1,287,886 |
Subaccount | Investment
Income |
Expenses | Net
investment income (loss) |
Realized and unrealized gain (loss) on investments | Net
gain (loss) on investments |
Net
increase (decrease) in net assets resulting from operations | ||||||||||
Dividends | Mortality
& expense risk charges |
Net
realized gain (loss) on sale of investments |
Capital
gain distributions |
Change
in unrealized appreciation (depreciation) of investments |
||||||||||||
Aggressive
Allocation |
$ 654,885 | $ (981,057) | $ (326,172) | $ 1,904,363 | $ 431,881 | $14,359,743 | $16,695,987 | $16,369,815 | ||||||||
Balanced Income
Plus |
$ 323,991 | $ (154,053) | $ 169,938 | $ 15,059 | $ — | $ 1,206,777 | $ 1,221,836 | $ 1,391,774 | ||||||||
Diversified Income
Plus |
$ 947,359 | $ (345,740) | $ 601,619 | $ 258,336 | $ — | $ 1,595,619 | $ 1,853,955 | $ 2,455,574 | ||||||||
Government
Bond |
$ 170,006 | $ (92,865) | $ 77,141 | $ 21,156 | $ — | $ 55,957 | $ 77,113 | $ 154,254 | ||||||||
Growth and Income
Plus |
$ 108,867 | $ (62,244) | $ 46,623 | $ 93,691 | $ — | $ 538,203 | $ 631,894 | $ 678,517 | ||||||||
High
Yield |
$5,959,088 | $(1,199,086) | $ 4,760,002 | $ (2,506,335) | $ — | $ 4,440,370 | $ 1,934,035 | $ 6,694,037 | ||||||||
Income |
$2,841,133 | $ (937,907) | $ 1,903,226 | $ 346,356 | $ 194,134 | $ 1,843,979 | $ 2,384,469 | $ 4,287,695 | ||||||||
Large Cap
Growth |
$1,249,468 | $(3,687,220) | $(2,437,752) | $13,498,969 | $ 97,333 | $69,569,029 | $83,165,331 | $80,727,579 | ||||||||
Large Cap
Index |
$ 417,639 | $ (340,556) | $ 77,083 | $ 1,075,361 | $ 193,866 | $ 4,336,111 | $ 5,605,338 | $ 5,682,421 | ||||||||
Large Cap
Stock |
$ 249,697 | $ (216,382) | $ 33,315 | $ 653,028 | $ 121,653 | $ 2,739,833 | $ 3,514,514 | $ 3,547,829 | ||||||||
Large Cap
Value |
$ 563,502 | $ (448,983) | $ 114,519 | $ 1,719,498 | $ 1,137,044 | $ 3,262,275 | $ 6,118,817 | $ 6,233,336 | ||||||||
Limited Maturity
Bond |
$ 322,422 | $ (179,512) | $ 142,910 | $ 2,500 | $ — | $ 101,727 | $ 104,227 | $ 247,137 | ||||||||
Low Volatility
Equity |
$ 3,396 | $ (2,050) | $ 1,346 | $ 66 | $ 2,191 | $ 23,993 | $ 26,250 | $ 27,596 | ||||||||
Mid Cap
Index |
$ 155,083 | $ (191,452) | $ (36,369) | $ 321,232 | $ 556,170 | $ 1,584,063 | $ 2,461,465 | $ 2,425,096 | ||||||||
Mid Cap
Stock |
$ 743,260 | $(2,329,523) | $(1,586,263) | $ 3,563,857 | $16,753,292 | $16,156,266 | $36,473,415 | $34,887,152 | ||||||||
Moderate
Allocation |
$6,409,518 | $(4,353,901) | $ 2,055,617 | $ 5,283,241 | $ 2,206,130 | $34,369,282 | $41,858,653 | $43,914,270 | ||||||||
Moderately Aggressive
Allocation |
$3,676,046 | $(3,326,861) | $ 349,185 | $ 5,365,394 | $ 2,145,545 | $35,769,434 | $43,280,373 | $43,629,558 | ||||||||
Moderately Conservative
Allocation |
$2,653,961 | $(1,620,475) | $ 1,033,486 | $ 1,916,890 | $ 1,371,520 | $ 7,474,803 | $10,763,213 | $11,796,699 | ||||||||
Money
Market |
$ 59,162 | $ (132,458) | $ (73,296) | $ — | $ — | $ — | $ — | $ (73,296) | ||||||||
Multidimensional
Income |
$ 13,530 | $ (1,933) | $ 11,597 | $ 164 | $ 146 | $ (5,246) | $ (4,936) | $ 6,661 | ||||||||
Opportunity Income
Plus |
$ 155,508 | $ (50,378) | $ 105,130 | $ 6,310 | $ — | $ 41,210 | $ 47,520 | $ 152,650 | ||||||||
Partner All
Cap |
$ 65,298 | $ (147,739) | $ (82,441) | $ 460,340 | $ — | $ 1,943,257 | $ 2,403,597 | $ 2,321,156 | ||||||||
Partner Emerging Markets
Equity |
$ 25,783 | $ (42,210) | $ (16,427) | $ 96,932 | $ — | $ 776,468 | $ 873,400 | $ 856,973 | ||||||||
Partner Growth
Stock |
$ 13,082 | $ (167,144) | $ (154,062) | $ 474,377 | $ 161,896 | $ 3,618,244 | $ 4,254,517 | $ 4,100,455 | ||||||||
Partner
Healthcare |
$ 25,926 | $ (107,467) | $ (81,541) | $ (31,437) | $ — | $ 1,687,547 | $ 1,656,110 | $ 1,574,569 | ||||||||
Partner Worldwide
Allocation |
$1,426,669 | $ (744,827) | $ 681,842 | $ 1,065,588 | $ — | $11,805,565 | $12,871,153 | $13,552,995 | ||||||||
Real Estate
Securities |
$ 239,894 | $ (162,164) | $ 77,730 | $ 569,121 | $ 17,352 | $ 22,853 | $ 609,326 | $ 687,056 | ||||||||
Small Cap
Index |
$ 138,398 | $ (178,604) | $ (40,206) | $ 278,069 | $ 935,211 | $ 719,231 | $ 1,932,511 | $ 1,892,305 | ||||||||
Small Cap
Stock |
$ 85,874 | $ (271,562) | $ (185,688) | $ 452,042 | $ 1,450,865 | $ 2,826,621 | $ 4,729,528 | $ 4,543,840 |
Subaccount | Increase (decrease) in net assets from operations | Net
Change in Net Assets from Operations |
Increase (decrease) in net assets from contract related transactions | Net
Change in Net Assets from Unit Transactions |
Net
Change in Net Assets |
Net
Assets Beginning of Year |
Net
Assets End of Year | |||||||||||||||||||
Net
investment income (loss) |
Net
realized gain (loss) on investments and capital gain distributions |
Change
in net unrealized appreciation (depreciation) on investments |
Proceeds
from units issued |
Transfers
for contract benefits and terminations |
Administrative charges | Adjustments
to annuity reserves |
Transfers
between subaccounts |
|||||||||||||||||||
Aggressive
Allocation |
$ (326,172) | $ 2,336,244 | $14,359,743 | $16,369,815 | $ 3,106,668 | $ (5,271,534) | $ (5,009) | $ 1,126 | $ (2,884,151) | $ (5,052,900) | $11,316,915 | $ 83,543,370 | $ 94,860,285 | |||||||||||||
Balanced Income
Plus |
$ 169,938 | $ 15,059 | $ 1,206,777 | $ 1,391,774 | $ 683,541 | $ (725,664) | $ (335) | $ 4,008 | $ 85,867 | $ 47,417 | $ 1,439,191 | $ 13,310,854 | $ 14,750,045 | |||||||||||||
Diversified Income
Plus |
$ 601,619 | $ 258,336 | $ 1,595,619 | $ 2,455,574 | $ 937,179 | $ (2,390,509) | $ (592) | $ 8,323 | $ 1,508,406 | $ 62,807 | $ 2,518,381 | $ 30,066,675 | $ 32,585,056 | |||||||||||||
Government
Bond |
$ 77,141 | $ 21,156 | $ 55,957 | $ 154,254 | $ 113,821 | $ (645,542) | $ (272) | $ 3,667 | $ (285,000) | $ (813,326) | $ (659,072) | $ 8,779,944 | $ 8,120,872 | |||||||||||||
Growth and Income
Plus |
$ 46,623 | $ 93,691 | $ 538,203 | $ 678,517 | $ 189,733 | $ (284,038) | $ (91) | $ 121 | $ (597,408) | $ (691,683) | $ (13,166) | $ 5,507,442 | $ 5,494,276 | |||||||||||||
High
Yield |
$ 4,760,002 | $ (2,506,335) | $ 4,440,370 | $ 6,694,037 | $ 1,895,437 | $ (8,022,644) | $ (7,945) | $100,005 | $ (3,406,278) | $ (9,441,425) | $ (2,747,388) | $110,225,336 | $107,477,948 | |||||||||||||
Income |
$ 1,903,226 | $ 540,490 | $ 1,843,979 | $ 4,287,695 | $ 1,851,007 | $ (6,976,745) | $ (5,799) | $ 71,156 | $ (2,452,361) | $ (7,512,742) | $ (3,225,047) | $ 87,019,656 | $ 83,794,609 | |||||||||||||
Large Cap
Growth |
$(2,437,752) | $13,596,302 | $69,569,029 | $80,727,579 | $ 6,168,756 | $(23,550,506) | $(29,700) | $333,373 | $(14,684,698) | $(31,762,775) | $48,964,804 | $305,643,494 | $354,608,298 | |||||||||||||
Large Cap
Index |
$ 77,083 | $ 1,269,227 | $ 4,336,111 | $ 5,682,421 | $ 1,177,835 | $ (1,593,332) | $ (705) | $ 3,005 | $ 799,468 | $ 386,271 | $ 6,068,692 | $ 27,316,123 | $ 33,384,815 | |||||||||||||
Large Cap
Stock |
$ 33,315 | $ 774,681 | $ 2,739,833 | $ 3,547,829 | $ 482,750 | $ (1,371,102) | $ (647) | $ (4,717) | $ (524,341) | $ (1,418,057) | $ 2,129,772 | $ 18,521,962 | $ 20,651,734 | |||||||||||||
Large Cap
Value |
$ 114,519 | $ 2,856,542 | $ 3,262,275 | $ 6,233,336 | $ 855,466 | $ (2,898,619) | $ (1,489) | $ 9,239 | $ (1,233,651) | $ (3,269,054) | $ 2,964,282 | $ 39,803,260 | $ 42,767,542 | |||||||||||||
Limited Maturity
Bond |
$ 142,910 | $ 2,500 | $ 101,727 | $ 247,137 | $ 502,312 | $ (1,513,220) | $ (774) | $ (392) | $ (1,645,389) | $ (2,657,463) | $ (2,410,326) | $ 17,607,596 | $ 15,197,270 | |||||||||||||
Low Volatility
Equity |
$ 1,346 | $ 2,257 | $ 23,993 | $ 27,596 | $ 44,108 | $ (1,380) | $ — | $ — | $ 452,826 | $ 495,554 | $ 523,150 | $ — | $ 523,150 | |||||||||||||
Mid Cap
Index |
$ (36,369) | $ 877,402 | $ 1,584,063 | $ 2,425,096 | $ 419,078 | $ (902,244) | $ (469) | $ 2,260 | $ 1,366,791 | $ 885,416 | $ 3,310,512 | $ 15,565,455 | $ 18,875,967 | |||||||||||||
Mid Cap
Stock |
$(1,586,263) | $20,317,149 | $16,156,266 | $34,887,152 | $ 4,148,012 | $(12,374,917) | $(18,856) | $ 89,232 | $ (7,334,488) | $(15,491,017) | $19,396,135 | $205,699,966 | $225,096,101 | |||||||||||||
Moderate
Allocation |
$ 2,055,617 | $ 7,489,371 | $34,369,282 | $43,914,270 | $10,896,663 | $(26,357,647) | $(10,190) | $ 60,915 | $ (5,391,804) | $(20,802,063) | $23,112,207 | $384,706,165 | $407,818,372 | |||||||||||||
Moderately Aggressive
Allocation |
$ 349,185 | $ 7,510,939 | $35,769,434 | $43,629,558 | $ 8,360,998 | $(16,166,025) | $(10,954) | $ 20,533 | $(10,079,690) | $(17,875,138) | $25,754,420 | $289,104,951 | $314,859,371 | |||||||||||||
Moderately Conservative
Allocation |
$ 1,033,486 | $ 3,288,410 | $ 7,474,803 | $11,796,699 | $ 2,979,218 | $(12,258,486) | $ (4,219) | $ 33,230 | $ (687,522) | $ (9,937,779) | $ 1,858,920 | $146,377,947 | $148,236,867 | |||||||||||||
Money
Market |
$ (73,296) | $ — | $ — | $ (73,296) | $ 1,344,987 | $ (1,563,816) | $ (1,799) | $ (1,342) | $ (1,755,644) | $ (1,977,614) | $ (2,050,910) | $ 12,764,612 | $ 10,713,702 | |||||||||||||
Multidimensional
Income |
$ 11,597 | $ 310 | $ (5,246) | $ 6,661 | $ 421,860 | $ (2,073) | $ — | $ — | $ 97,868 | $ 517,655 | $ 524,316 | $ — | $ 524,316 | |||||||||||||
Opportunity Income
Plus |
$ 105,130 | $ 6,310 | $ 41,210 | $ 152,650 | $ 158,042 | $ (509,614) | $ (72) | $ 800 | $ 806,263 | $ 455,419 | $ 608,069 | $ 4,188,730 | $ 4,796,799 | |||||||||||||
Partner All
Cap |
$ (82,441) | $ 460,340 | $ 1,943,257 | $ 2,321,156 | $ 250,510 | $ (896,994) | $ (616) | $ (1,549) | $ (450,026) | $ (1,098,675) | $ 1,222,481 | $ 12,682,704 | $ 13,905,185 | |||||||||||||
Partner Emerging Markets
Equity |
$ (16,427) | $ 96,932 | $ 776,468 | $ 856,973 | $ 161,426 | $ (323,268) | $ (70) | $ 57 | $ 595,154 | $ 433,299 | $ 1,290,272 | $ 3,114,783 | $ 4,405,055 | |||||||||||||
Partner Growth
Stock |
$ (154,062) | $ 636,273 | $ 3,618,244 | $ 4,100,455 | $ 238,804 | $ (956,755) | $ (607) | $ 967 | $ 1,145,349 | $ 427,758 | $ 4,528,213 | $ 12,808,696 | $ 17,336,909 | |||||||||||||
Partner
Healthcare |
$ (81,541) | $ (31,437) | $ 1,687,547 | $ 1,574,569 | $ 364,243 | $ (593,059) | $ (180) | $ (975) | $ (360,065) | $ (590,036) | $ 984,533 | $ 8,927,739 | $ 9,912,272 | |||||||||||||
Partner Worldwide
Allocation |
$ 681,842 | $ 1,065,588 | $11,805,565 | $13,552,995 | $ 2,028,354 | $ (4,026,062) | $ (5,332) | $ 22,262 | $ (1,019,608) | $ (3,000,386) | $10,552,609 | $ 61,610,107 | $ 72,162,716 | |||||||||||||
Real Estate
Securities |
$ 77,730 | $ 586,473 | $ 22,853 | $ 687,056 | $ 290,026 | $ (891,279) | $ (427) | $ (173) | $ (504,176) | $ (1,106,029) | $ (418,973) | $ 14,967,621 | $ 14,548,648 | |||||||||||||
Small Cap
Index |
$ (40,206) | $ 1,213,280 | $ 719,231 | $ 1,892,305 | $ 489,221 | $ (888,649) | $ (391) | $ 3,541 | $ 1,031,681 | $ 635,403 | $ 2,527,708 | $ 14,856,199 | $ 17,383,907 | |||||||||||||
Small Cap
Stock |
$ (185,688) | $ 1,902,907 | $ 2,826,621 | $ 4,543,840 | $ 482,135 | $ (1,559,250) | $ (893) | $ 3,305 | $ 557,674 | $ (517,029) | $ 4,026,811 | $ 23,036,072 | $ 27,062,883 |
Subaccount | Increase (decrease) in net assets from operations | Net
Change in Net Assets from Operations |
Increase (decrease) in net assets from contract related transactions | Net
Change in Net Assets from Unit Transactions |
Net
Change in Net Assets |
Net
Assets Beginning of Year |
Net
Assets End of Year | |||||||||||||||||||
Net
investment income (loss) |
Net
realized gain (loss) on investments and capital gain distributions |
Change
in net unrealized appreciation (depreciation) on investments |
Proceeds
from units issued |
Transfers
for contract benefits and terminations |
Administrative charges | Adjustments
to annuity reserves |
Transfers
between subaccounts |
|||||||||||||||||||
Aggressive
Allocation |
$ (96,902) | $ 5,460,671 | $ 1,655,838 | $ 7,019,607 | $2,432,126 | $ (3,934,199) | $ (5,628) | $ 684 | $ (4,672,237) | $ (6,179,254) | $ 840,353 | $ 82,703,017 | $ 83,543,370 | |||||||||||||
Balanced Income
Plus |
$ 169,784 | $ 333,814 | $ 190,908 | $ 694,506 | $ 629,198 | $ (1,239,703) | $ (388) | $ 2,267 | $ 729,138 | $ 120,512 | $ 815,018 | $ 12,495,836 | $ 13,310,854 | |||||||||||||
Diversified Income
Plus |
$ 683,177 | $ 314,698 | $ 694,864 | $ 1,692,739 | $ 757,441 | $ (2,072,418) | $ (519) | $ 11,745 | $ (314,561) | $ (1,618,312) | $ 74,427 | $ 29,992,248 | $ 30,066,675 | |||||||||||||
Government
Bond |
$ 52,099 | $ 76,235 | $ (97,205) | $ 31,129 | $ 220,826 | $ (1,099,475) | $ (314) | $ 2,654 | $ 769,053 | $ (107,256) | $ (76,127) | $ 8,856,071 | $ 8,779,944 | |||||||||||||
Growth and Income
Plus |
$ 64,531 | $ 94,448 | $ 137,401 | $ 296,380 | $ 108,521 | $ (357,983) | $ (120) | $ 703 | $ (466,882) | $ (715,761) | $ (419,381) | $ 5,926,823 | $ 5,507,442 | |||||||||||||
High
Yield |
$ 5,052,702 | $ (4,194,658) | $ 11,143,353 | $12,001,397 | $2,145,093 | $ (7,846,060) | $ (9,372) | $109,480 | $ (6,030,091) | $(11,630,950) | $ 370,447 | $109,854,889 | $110,225,336 | |||||||||||||
Income |
$ 2,152,014 | $ 389,879 | $ 1,995,890 | $ 4,537,783 | $1,877,712 | $ (8,103,048) | $ (7,039) | $ 87,357 | $ (4,814,369) | $(10,959,387) | $ (6,421,604) | $ 93,441,260 | $ 87,019,656 | |||||||||||||
Large Cap
Growth |
$(1,814,366) | $37,139,765 | $(44,770,882) | $ (9,445,483) | $6,299,491 | $(21,317,479) | $(34,613) | $179,164 | $(18,331,028) | $(33,204,465) | $(42,649,948) | $348,293,442 | $305,643,494 | |||||||||||||
Large Cap
Index |
$ 176,969 | $ 626,135 | $ 1,617,004 | $ 2,420,108 | $1,196,861 | $ (1,363,523) | $ (750) | $ 2,081 | $ 3,291,310 | $ 3,125,979 | $ 5,546,087 | $ 21,770,036 | $ 27,316,123 | |||||||||||||
Large Cap
Stock |
$ 31,160 | $ 465,299 | $ 225,834 | $ 722,293 | $ 451,402 | $ (1,299,369) | $ (790) | $ 3,325 | $ (1,443,361) | $ (2,288,793) | $ (1,566,500) | $ 20,088,462 | $ 18,521,962 | |||||||||||||
Large Cap
Value |
$ 101,795 | $ 3,387,413 | $ 2,136,081 | $ 5,625,289 | $1,032,047 | $ (2,410,419) | $ (1,815) | $ 24,143 | $ (1,165,245) | $ (2,521,289) | $ 3,104,000 | $ 36,699,260 | $ 39,803,260 | |||||||||||||
Limited Maturity
Bond |
$ 146,885 | $ (19,245) | $ 167,302 | $ 294,942 | $1,080,925 | $ (1,315,056) | $ (960) | $ 11,959 | $ (485,535) | $ (708,667) | $ (413,725) | $ 18,021,321 | $ 17,607,596 | |||||||||||||
Mid Cap
Index |
$ (28,419) | $ 858,382 | $ 1,568,412 | $ 2,398,375 | $ 685,324 | $ (677,218) | $ (461) | $ 4,793 | $ 1,122,199 | $ 1,134,637 | $ 3,533,012 | $ 12,032,443 | $ 15,565,455 | |||||||||||||
Mid Cap
Stock |
$(1,299,131) | $20,265,351 | $ 26,309,964 | $45,276,184 | $3,256,623 | $(10,611,871) | $(21,025) | $112,201 | $ (9,221,002) | $(16,485,074) | $ 28,791,110 | $176,908,856 | $205,699,966 | |||||||||||||
Moderate
Allocation |
$ 2,279,282 | $13,987,013 | $ 12,049,265 | $28,315,560 | $8,796,335 | $(28,660,740) | $(11,412) | $ 60,494 | $(12,639,284) | $(32,454,607) | $ (4,139,047) | $388,845,212 | $384,706,165 | |||||||||||||
Moderately Aggressive
Allocation |
$ 945,946 | $14,952,560 | $ 8,711,573 | $24,610,079 | $8,640,909 | $(13,878,739) | $(12,379) | $ 20,328 | $(16,079,389) | $(21,309,270) | $ 3,300,809 | $285,804,142 | $289,104,951 | |||||||||||||
Moderately Conservative
Allocation |
$ 872,817 | $ 3,046,209 | $ 4,685,939 | $ 8,604,965 | $3,014,412 | $(11,119,740) | $ (4,256) | $ 22,604 | $ (3,041,506) | $(11,128,486) | $ (2,523,521) | $148,901,468 | $146,377,947 | |||||||||||||
Money
Market |
$ (144,952) | $ — | $ — | $ (144,952) | $2,613,448 | $ (2,007,093) | $ (2,229) | $ 7,434 | $ (1,355,317) | $ (743,757) | $ (888,709) | $ 13,653,321 | $ 12,764,612 | |||||||||||||
Opportunity Income
Plus |
$ 88,591 | $ (5,119) | $ 102,074 | $ 185,546 | $ 125,699 | $ (279,759) | $ (100) | $ 831 | $ 873,555 | $ 720,226 | $ 905,772 | $ 3,282,958 | $ 4,188,730 | |||||||||||||
Partner All
Cap |
$ (103,054) | $ 822,077 | $ (163,889) | $ 555,134 | $ 326,581 | $ (654,214) | $ (758) | $ 3,105 | $ (531,639) | $ (856,925) | $ (301,791) | $ 12,984,495 | $ 12,682,704 | |||||||||||||
Partner Emerging Markets
Equity |
$ (3,014) | $ 6,700 | $ 273,045 | $ 276,731 | $ 123,075 | $ (210,641) | $ (88) | $ 28 | $ 33,014 | $ (54,612) | $ 222,119 | $ 2,892,664 | $ 3,114,783 | |||||||||||||
Partner Growth
Stock |
$ (141,847) | $ 1,133,063 | $ (975,233) | $ 15,983 | $ 380,229 | $ (862,947) | $ (665) | $ 3,604 | $ (558,616) | $ (1,038,395) | $ (1,022,412) | $ 13,831,108 | $ 12,808,696 | |||||||||||||
Partner
Healthcare |
$ 326,668 | $ 359,185 | $ (2,571,259) | $ (1,885,406) | $ 402,294 | $ (478,334) | $ (147) | $ 304 | $ (817,334) | $ (893,217) | $ (2,778,623) | $ 11,706,362 | $ 8,927,739 | |||||||||||||
Partner Worldwide
Allocation |
$ 711,431 | $ 776,718 | $ (132,613) | $ 1,355,536 | $2,060,154 | $ (4,083,444) | $ (6,463) | $ 22,108 | $ (4,060,605) | $ (6,068,250) | $ (4,712,714) | $ 66,322,821 | $ 61,610,107 | |||||||||||||
Real Estate
Securities |
$ 57,836 | $ 575,280 | $ 284,668 | $ 917,784 | $ 319,951 | $ (825,252) | $ (605) | $ 5,360 | $ (228,814) | $ (729,360) | $ 188,424 | $ 14,779,197 | $ 14,967,621 | |||||||||||||
Small Cap
Index |
$ (12,532) | $ 922,203 | $ 1,920,998 | $ 2,830,669 | $ 506,593 | $ (645,304) | $ (433) | $ 2,453 | $ 1,089,567 | $ 952,876 | $ 3,783,545 | $ 11,072,654 | $ 14,856,199 | |||||||||||||
Small Cap
Stock |
$ (157,560) | $ 1,104,032 | $ 3,671,588 | $ 4,618,060 | $ 410,378 | $ (1,258,515) | $ (1,045) | $ 4,938 | $ (1,318,115) | $ (2,162,359) | $ 2,455,701 | $ 20,580,371 | $ 23,036,072 |
Subaccount | Series | |
Aggressive
Allocation |
Thrivent Series Fund, Inc. — Aggressive Allocation Portfolio | |
Balanced Income Plus
(m) |
Thrivent Series Fund, Inc. — Balanced Income Plus Portfolio | |
Diversified Income
Plus |
Thrivent Series Fund, Inc. — Diversified Income Plus Portfolio | |
Government Bond
(a) |
Thrivent Series Fund, Inc. — Government Bond Portfolio | |
Growth and Income Plus
(l) |
Thrivent Series Fund, Inc. — Growth and Income Plus Portfolio | |
High
Yield |
Thrivent Series Fund, Inc. — High Yield Portfolio | |
Income |
Thrivent Series Fund, Inc. — Income Portfolio | |
Large Cap Growth
(h) |
Thrivent Series Fund, Inc. — Large Cap Growth Portfolio | |
Large Cap
Index |
Thrivent Series Fund, Inc. — Large Cap Index Portfolio | |
Large Cap Stock (g, i, j,
k) |
Thrivent Series Fund, Inc. — Large Cap Stock Portfolio | |
Large Cap
Value |
Thrivent Series Fund, Inc. — Large Cap Value Portfolio | |
Limited Maturity
Bond |
Thrivent Series Fund, Inc. — Limited Maturity Bond Portfolio | |
Low Volatility Equity
(b) |
Thrivent Series Fund, Inc. — Low Volatility Equity Portfolio | |
Mid Cap
Index |
Thrivent Series Fund, Inc. — Mid Cap Index Portfolio | |
Mid Cap Stock (e,
f) |
Thrivent Series Fund, Inc. — Mid Cap Stock Portfolio | |
Moderate
Allocation |
Thrivent Series Fund, Inc. — Moderate Allocation Portfolio | |
Moderately Aggressive
Allocation |
Thrivent Series Fund, Inc. — Moderately Aggressive Allocation Portfolio | |
Moderately Conservative
Allocation |
Thrivent Series Fund, Inc. — Moderately Conservative Allocation Portfolio | |
Money
Market |
Thrivent Series Fund, Inc. — Money Market Portfolio | |
Multidimensional Income
(b) |
Thrivent Series Fund, Inc. — Multidimensional Income Portfolio | |
Opportunity Income Plus
(n) |
Thrivent Series Fund, Inc. — Opportunity Income Plus Portfolio | |
Partner All
Cap |
Thrivent Series Fund, Inc. — Partner All Cap Portfolio | |
Partner Emerging Markets
Equity |
Thrivent Series Fund, Inc. — Partner Emerging Markets Equity Portfolio | |
Partner Growth
Stock |
Thrivent Series Fund, Inc. — Partner Growth Stock Portfolio | |
Partner
Healthcare |
Thrivent Series Fund, Inc. — Partner Healthcare Portfolio | |
Partner Worldwide
Allocation |
Thrivent Series Fund, Inc. — Partner Worldwide Allocation Portfolio | |
Real Estate
Securities |
Thrivent Series Fund, Inc. — Real Estate Securities Portfolio | |
Small Cap
Index |
Thrivent Series Fund, Inc. — Small Cap Index Portfolio | |
Small Cap Stock (c,
d) |
Thrivent Series Fund, Inc. — Small Cap Stock Portfolio |
(a) | Formerly known as Bond Index, name change effective August 28, 2017. |
(b) | Statement of operations and of changes in net assets for the period April 28, 2017 (commencement of operations) to December 31, 2017. |
(c) | Partner Small Cap Growth merged into the Small Cap Stock Portfolio as of August 21, 2015. |
(d) | Partner Small Cap Value merged into the Small Cap Stock Portfolio as of August 21, 2015. |
(e) | Mid Cap Growth merged into the Mid Cap Stock Portfolio as of August 21, 2015. |
(f) | Partner Mid Cap Value merged into the Mid Cap Stock Portfolio as of August 21, 2015. |
(g) | Natural Resources merged into the Large Cap Stock Portfolio as of August 21, 2015. |
(h) | Partner Technology merged into the Large Cap Growth Portfolio as of August 21, 2015. |
(i) | Partner All Cap Value Portfolio merged into the Large Cap Stock Portfolio as of August 16, 2013.. |
(j) | Partner All Cap Growth Portfolio merged into the Large Cap Stock Portfolio as of August 16, 2013.. |
(k) | Partner Socially Responsible Stock Portfolio merged into the Large Cap Stock Portfolio as of August 16, 2013.. |
(l) | Formerly known as Equity Income Plus, name change effective August 16, 2013. |
(m) | Formerly known as Balanced, name change effective August 16, 2013. |
(n) | Formerly known as Mortgage Securities, name change effective August 16, 2013. |
Level 1: | Fair value based on quoted prices for identical assets in active markets that are accessible. |
Level 2: | Fair value based on quoted prices for similar instruments in active markets that are accessible; quoted prices for identical or similar instruments in markets that are not active; or model-derived valuations where the significant value driver inputs are observable. |
Level 3: | Fair value based on significant value driver inputs that are not observable. |
Units
Outstanding at January 1, 2016 |
Units
Issued |
Units
Redeemed |
Units
Outstanding at December 31, 2016 |
Units
Issued |
Units
Redeemed |
Units
Outstanding at December 31, 2017 | |||||||
Aggressive
Allocation |
4,678,778 | 286,028 | (624,540) | 4,340,266 | 251,344 | (490,416) | 4,101,194 | ||||||
Balanced Income
Plus |
654,479 | 134,371 | (128,336) | 660,514 | 67,745 | (63,821) | 664,438 | ||||||
Diversified Income
Plus |
1,345,408 | 160,185 | (228,329) | 1,277,264 | 157,924 | (154,078) | 1,281,110 | ||||||
Government
Bond |
553,209 | 139,602 | (145,028) | 547,783 | 72,466 | (122,424) | 497,825 | ||||||
Growth and Income
Plus |
493,116 | 21,212 | (80,026) | 434,302 | 35,193 | (84,888) | 384,607 | ||||||
High
Yield |
2,233,446 | 192,169 | (412,082) | 2,013,533 | 159,086 | (321,739) | 1,850,880 | ||||||
Income |
2,066,101 | 249,928 | (476,736) | 1,839,293 | 222,748 | (357,840) | 1,704,201 | ||||||
Large Cap
Growth |
3,451,623 | 325,881 | (670,935) | 3,106,569 | 288,648 | (558,932) | 2,836,285 | ||||||
Large Cap
Index |
1,035,345 | 286,613 | (141,724) | 1,180,234 | 197,677 | (174,755) | 1,203,156 | ||||||
Large Cap
Stock |
1,233,053 | 81,621 | (223,812) | 1,090,862 | 82,827 | (153,105) | 1,020,584 | ||||||
Large Cap
Value |
1,968,188 | 137,731 | (266,660) | 1,839,259 | 104,390 | (242,392) | 1,701,257 | ||||||
Limited Maturity
Bond |
1,355,395 | 217,175 | (266,393) | 1,306,177 | 145,707 | (339,218) | 1,112,666 | ||||||
Low Volatility
Equity |
— | — | — | — | 48,014 | (150) | 47,864 | ||||||
Mid Cap
Index |
461,875 | 105,452 | (64,171) | 503,156 | 89,737 | (59,959) | 532,934 | ||||||
Mid Cap
Stock |
6,807,043 | 264,681 | (851,399) | 6,220,325 | 245,679 | (676,862) | 5,789,142 | ||||||
Moderate
Allocation |
23,608,543 | 1,445,261 | (3,364,572) | 21,689,232 | 1,353,415 | (2,452,160) | 20,590,487 | ||||||
Moderately Aggressive
Allocation |
16,706,244 | 857,720 | (2,062,638) | 15,501,326 | 814,421 | (1,695,595) | 14,620,152 |
Units
Outstanding at January 1, 2016 |
Units
Issued |
Units
Redeemed |
Units
Outstanding at December 31, 2016 |
Units
Issued |
Units
Redeemed |
Units
Outstanding at December 31, 2017 | |||||||
Moderately Conservative
Allocation |
9,814,228 | 760,139 | (1,473,602) | 9,100,765 | 684,674 | (1,275,144) | 8,510,295 | ||||||
Money
Market |
7,140,417 | 4,340,778 | (4,716,845) | 6,764,350 | 3,063,263 | (4,096,149) | 5,731,464 | ||||||
Multidimensional
Income |
— | — | — | — | 53,394 | (2,360) | 51,034 | ||||||
Opportunity Income
Plus |
228,147 | 105,001 | (54,764) | 278,384 | 109,170 | (77,941) | 309,613 | ||||||
Partner All
Cap |
714,697 | 36,777 | (83,514) | 667,960 | 33,451 | (83,930) | 617,481 | ||||||
Partner Emerging Markets
Equity |
282,846 | 61,382 | (68,032) | 276,196 | 101,259 | (66,973) | 310,482 | ||||||
Partner Growth
Stock |
573,992 | 66,486 | (109,811) | 530,667 | 78,364 | (64,101) | 544,930 | ||||||
Partner
Healthcare |
521,502 | 70,823 | (113,562) | 478,763 | 53,499 | (81,871) | 450,391 | ||||||
Partner Worldwide
Allocation |
6,847,610 | 395,040 | (1,014,077) | 6,228,573 | 407,330 | (671,578) | 5,964,325 | ||||||
Real Estate
Securities |
408,392 | 49,260 | (67,655) | 389,997 | 38,151 | (64,994) | 363,154 | ||||||
Small Cap
Index |
430,031 | 91,185 | (57,510) | 463,706 | 93,902 | (72,462) | 485,146 | ||||||
Small Cap
Stock |
1,022,547 | 63,642 | (167,119) | 919,070 | 83,874 | (100,785) | 902,159 |
Subaccount | Purchases | Sales | ||
Aggressive
Allocation |
$ 3,964,233 | $ 8,912,549 | ||
Balanced Income
Plus |
1,481,337 | 1,267,991 | ||
Diversified Income
Plus |
3,649,663 | 2,993,561 | ||
Government
Bond |
1,018,011 | 1,757,865 | ||
Growth and Income
Plus |
518,100 | 1,163,281 | ||
High
Yield |
7,760,441 | 12,541,868 | ||
Income |
5,919,339 | 11,405,876 | ||
Large Cap
Growth |
5,110,623 | 39,547,190 | ||
Large Cap
Index |
4,318,601 | 3,664,385 | ||
Large Cap
Stock |
1,264,813 | 2,523,186 | ||
Large Cap
Value |
2,937,015 | 4,963,748 | ||
Limited Maturity
Bond |
1,654,398 | 4,168,559 | ||
Low Volatility
Equity |
501,018 | 1,926 | ||
Mid Cap
Index |
2,935,914 | 1,532,958 | ||
Mid Cap
Stock |
19,676,799 | 20,090,018 | ||
Moderate
Allocation |
16,948,357 | 33,549,587 | ||
Moderately Aggressive
Allocation |
11,850,372 | 27,251,314 | ||
Moderately Conservative
Allocation |
9,735,333 | 17,301,337 | ||
Money
Market |
4,776,621 | 6,826,189 | ||
Multidimensional
Income |
555,129 | 25,731 | ||
Opportunity Income
Plus |
1,533,882 | 974,134 | ||
Partner All
Cap |
513,837 | 1,693,405 | ||
Partner Emerging Markets
Equity |
1,212,550 | 795,735 | ||
Partner Growth
Stock |
1,886,724 | 1,452,100 |
Subaccount | Purchases | Sales | ||
Partner
Healthcare |
779,894 | 1,450,494 | ||
Partner Worldwide
Allocation |
3,086,297 | 5,427,102 | ||
Real Estate
Securities |
1,172,289 | 2,183,064 | ||
Small Cap
Index |
3,475,312 | 1,948,444 | ||
Small Cap
Stock |
3,006,246 | 2,261,406 |
Subaccount | 2017 | 2016 | 2015 | 2014 | 2013 | |||||
Aggressive
Allocation |
||||||||||
Units
(a) |
4,109,292 | 4,349,412 | 4,689,039 | 4,906,772 | 4,900,554 | |||||
Unit
value |
$ 23.09 | $ 19.21 | $ 17.64 | $ 17.91 | $ 17.08 | |||||
Deathclaim
units |
11 | 328 | 606 | 11 | — | |||||
Deathclaim unit
value |
$ 21.89 | $ 18.19 | $ 16.67 | $ 16.91 | $ 16.10 | |||||
Net
assets |
$94,860,285 | $83,543,370 | $82,703,017 | $87,894,571 | $83,839,593 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
0.73 % | 0.98 % | 1.04 % | 0.44 % | 1.26 % | |||||
Total return
(d) |
20.19 - 20.37% | 8.91 - 9.07% | (1.54) - (1.39)% | 4.86 - 5.02% | 25.66 - 25.85% | |||||
Balanced
Income Plus |
||||||||||
Units
(a) |
679,257 | 678,003 | 673,559 | 693,580 | 629,125 | |||||
Unit
value |
$ 21.66 | $ 19.61 | $ 18.52 | $ 18.75 | $ 17.87 | |||||
Deathclaim
units |
918 | — | 509 | — | 4,357 | |||||
Deathclaim unit
value |
$ 19.27 | $ 17.42 | $ 16.42 | $ 16.60 | $ 15.80 | |||||
Net
assets |
$14,750,045 | $13,310,854 | $12,495,836 | $13,017,262 | $11,719,001 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
2.31 % | 2.46 % | 2.15 % | 1.59 % | 1.78 % | |||||
Total return
(d) |
10.45 - 10.62% | 5.89 - 6.05% | (1.24) - (1.09)% | 4.91 - 5.07% | 16.66 - 16.83% | |||||
Diversified
Income Plus |
||||||||||
Units
(a) |
1,297,556 | 1,290,944 | 1,372,167 | 1,435,984 | 1,390,841 | |||||
Unit
value |
$ 25.01 | $ 23.12 | $ 21.83 | $ 22.06 | $ 21.39 | |||||
Deathclaim
units |
5,234 | 10,606 | 964 | 609 | 8,686 | |||||
Deathclaim unit
value |
$ 19.27 | $ 17.79 | $ 16.77 | $ 16.92 | $ 16.38 | |||||
Net
assets |
$32,585,056 | $30,066,675 | $29,992,248 | $31,698,769 | $30,576,220 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
3.01 % | 3.41 % | 3.28 % | 2.96 % | 2.45 % | |||||
Total return
(d) |
8.15 - 8.31% | 5.91 - 6.07% | (1.02) - (0.87)% | 3.13 - 3.29% | 9.96 - 10.12% |
Subaccount | 2017 | 2016 | 2015 | 2014 | 2013 | |||||
Government
Bond |
||||||||||
Units
(a) |
505,176 | 557,059 | 563,952 | 617,711 | 679,074 | |||||
Unit
value |
$ 16.04 | $ 15.75 | $ 15.69 | $ 15.74 | $ 14.94 | |||||
Deathclaim
units |
632 | 127 | 474 | 44 | — | |||||
Deathclaim unit
value |
$ 14.41 | $ 14.13 | $ 14.06 | $ 14.08 | $ 13.34 | |||||
Net
assets |
$ 8,120,872 | $ 8,779,944 | $ 8,856,071 | $ 9,720,393 | $ 10,386,186 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
2.01 % | 1.68 % | 1.78 % | 2.22 % | 1.94 % | |||||
Total return
(d) |
1.84 - 1.99% | 0.38 - 0.53% | (0.31) - (0.16)% | 5.36 - 5.52% | (3.53) - (3.39)% | |||||
Growth
and Income Plus |
||||||||||
Units
(a) |
387,841 | 438,401 | 497,635 | 536,168 | 561,597 | |||||
Unit
value |
$ 14.16 | $ 12.56 | $ 11.91 | $ 12.14 | $ 12.01 | |||||
Deathclaim
units |
— | — | — | — | 465 | |||||
Deathclaim unit
value |
$ 14.37 | $ 12.72 | $ 12.05 | $ 12.26 | $ 12.11 | |||||
Net
assets |
$ 5,494,276 | $ 5,507,442 | $ 5,926,823 | $ 6,508,853 | $ 6,791,546 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
1.92 % | 2.25 % | 2.17 % | 2.57 % | 1.94 % | |||||
Total return
(d) |
12.76 - 12.93% | 5.46 - 5.62% | (1.90) - (1.75)% | 1.09 - 1.24% | 19.91 - 20.09% | |||||
High
Yield |
||||||||||
Units
(a) |
1,902,409 | 2,077,788 | 2,313,337 | 2,542,279 | 2,663,005 | |||||
Unit
value |
$ 56.71 | $ 53.35 | $ 47.83 | $ 49.70 | $ 49.28 | |||||
Deathclaim
units |
15,697 | 13,614 | 11,271 | 6,096 | 5,271 | |||||
Deathclaim unit
value |
$ 20.86 | $ 19.59 | $ 17.54 | $ 18.20 | $ 18.02 | |||||
Net
assets |
$107,477,948 | $110,225,336 | $109,854,889 | $125,184,993 | $135,986,972 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
5.46 % | 5.69 % | 5.74 % | 5.89 % | 6.29 % | |||||
Total return
(d) |
6.30 - 6.45% | 11.53 - 11.70% | (3.76) - (3.61)% | 0.85 - 1.00% | 5.74 - 5.90% | |||||
Income
|
||||||||||
Units
(a) |
1,730,955 | 1,903,523 | 2,147,085 | 2,374,364 | 2,532,432 | |||||
Unit
value |
$ 48.44 | $ 46.08 | $ 43.92 | $ 44.71 | $ 42.37 | |||||
Deathclaim
units |
33,306 | 9,577 | 7,817 | 2,627 | 13,990 | |||||
Deathclaim unit
value |
$ 16.65 | $ 15.81 | $ 15.05 | $ 15.29 | $ 14.47 | |||||
Net
assets |
$ 83,794,609 | $ 87,019,656 | $ 93,441,260 | $104,930,698 | $111,446,233 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
3.33 % | 3.44 % | 3.67 % | 3.76 % | 3.76 % | |||||
Total return
(d) |
5.13 - 5.28% | 4.92 - 5.08% | (1.76) - (1.62)% | 5.52 - 5.67% | (1.16) - (1.01)% | |||||
Large
Cap Growth |
||||||||||
Units
(a) |
2,911,687 | 3,206,617 | 3,563,697 | 3,815,160 | 3,959,140 | |||||
Unit
value |
$ 123.29 | $ 96.67 | $ 99.21 | $ 90.79 | $ 82.71 | |||||
Deathclaim
units |
29,187 | 20,314 | 29,846 | 10,941 | 33,327 | |||||
Deathclaim unit
value |
$ 25.26 | $ 19.78 | $ 20.27 | $ 18.52 | $ 16.85 | |||||
Net
assets |
$354,608,298 | $305,643,494 | $348,293,442 | $340,393,942 | $337,086,809 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
0.37 % | 0.53 % | 0.41 % | 0.62 % | 0.63 % | |||||
Total return
(d) |
27.53 - 27.72% | (2.56) - (2.41)% | 9.27 - 9.43% | 9.78 - 9.94% | 34.65 - 34.85% |
Subaccount | 2017 | 2016 | 2015 | 2014 | 2013 | |||||
Large
Cap Index |
||||||||||
Units
(a) |
1,212,586 | 1,193,754 | 1,049,749 | 1,015,090 | 986,397 | |||||
Unit
value |
$ 27.44 | $ 22.84 | $ 20.68 | $ 20.67 | $ 18.46 | |||||
Deathclaim
units |
2,235 | 81 | 888 | 113 | — | |||||
Deathclaim unit
value |
$ 24.70 | $ 20.53 | $ 18.56 | $ 18.53 | $ 16.51 | |||||
Net
assets |
$33,384,815 | $27,316,123 | $21,770,036 | $21,037,816 | $18,556,196 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
1.34 % | 1.85 % | 1.35 % | 1.43 % | 1.62 % | |||||
Total return
(d) |
20.14 - 20.32% | 10.46 - 10.63% | 0.01 - 0.16% | 12.01 - 12.18% | 30.36 - 30.56% | |||||
Large
Cap Stock |
||||||||||
Units
(a) |
1,031,617 | 1,108,952 | 1,253,330 | 1,201,736 | 1,299,457 | |||||
Unit
value |
$ 19.95 | $ 16.65 | $ 15.97 | $ 15.66 | $ 15.04 | |||||
Deathclaim
units |
2,242 | 1,026 | 2,085 | — | — | |||||
Deathclaim unit
value |
$ 19.39 | $ 16.16 | $ 15.47 | $ 15.15 | $ 14.53 | |||||
Net
assets |
$20,651,734 | $18,521,962 | $20,088,462 | $18,858,100 | $19,936,535 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
1.27 % | 1.27 % | 1.12 % | 0.87 % | 1.09 % | |||||
Total return
(d) |
19.83 - 20.01% | 4.27 - 4.43% | 1.99 - 2.14% | 4.14 - 4.29% | 28.18 - 28.38% | |||||
Large
Cap Value |
||||||||||
Units
(a) |
1,723,195 | 1,868,876 | 1,999,647 | 2,163,028 | 2,320,685 | |||||
Unit
value |
$ 24.73 | $ 21.25 | $ 18.30 | $ 19.18 | $ 17.78 | |||||
Deathclaim
units |
3,264 | 756 | 3,978 | 418 | 584 | |||||
Deathclaim unit
value |
$ 22.77 | $ 19.54 | $ 16.80 | $ 17.58 | $ 16.28 | |||||
Net
assets |
$42,767,542 | $39,803,260 | $36,699,260 | $41,523,324 | $42,197,313 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
1.38 % | 1.38 % | 1.29 % | 1.24 % | 1.49 % | |||||
Total return
(d) |
16.36 - 16.54% | 16.16 - 16.33% | (4.59) - (4.44)% | 7.84 - 8.00% | 30.38 - 30.58% | |||||
Limited
Maturity Bond |
||||||||||
Units
(a) |
1,136,853 | 1,337,798 | 1,392,405 | 1,561,894 | 1,816,453 | |||||
Unit
value |
$ 13.34 | $ 13.14 | $ 12.92 | $ 12.97 | $ 12.90 | |||||
Deathclaim
units |
625 | 63 | 1,411 | 973 | — | |||||
Deathclaim unit
value |
$ 12.49 | $ 12.29 | $ 12.06 | $ 12.09 | $ 12.00 | |||||
Net
assets |
$15,197,270 | $17,607,596 | $18,021,321 | $20,266,595 | $24,215,821 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
1.97 % | 1.94 % | 1.67 % | 1.71 % | 1.51 % | |||||
Total return
(d) |
1.49 - 1.65% | 1.71 - 1.86% | (0.37) - (0.22)% | 0.57 - 0.72% | (0.64) - (0.50)% | |||||
Low
Volatility Equity |
||||||||||
Units
(a) |
47,864 | — | — | — | — | |||||
Unit
value |
$ 10.93 | — | — | — | — | |||||
Deathclaim
units |
— | — | — | — | — | |||||
Deathclaim unit
value |
$ 10.94 | — | — | — | — | |||||
Net
assets |
$ 523,150 | — | — | — | — | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | — % | — % | — % | — % | |||||
Investment income ratio
(c) |
1.21 % | — % | — % | — % | — % | |||||
Total return
(d) |
9.30 - 9.41% | — % | — % | — % | — % |
Subaccount | 2017 | 2016 | 2015 | 2014 | 2013 | |||||
Mid
Cap Index |
||||||||||
Units
(a) |
537,636 | 508,988 | 468,637 | 460,686 | 455,604 | |||||
Unit
value |
$ 34.98 | $ 30.49 | $ 25.60 | $ 26.55 | $ 24.57 | |||||
Deathclaim
units |
803 | 111 | — | 256 | 87 | |||||
Deathclaim unit
value |
$ 27.84 | $ 24.23 | $ 20.31 | $ 21.04 | $ 19.44 | |||||
Net
assets |
$ 18,875,967 | $ 15,565,455 | $ 12,032,443 | $ 12,275,378 | $ 11,442,363 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
0.89 % | 0.88 % | 0.71 % | 0.76 % | 0.87 % | |||||
Total return
(d) |
14.71 - 14.89% | 19.12 - 19.29% | (3.59) - (3.44)% | 8.08 - 8.24% | 31.47 - 31.67% | |||||
Mid
Cap Stock |
||||||||||
Units
(a) |
5,868,483 | 6,318,823 | 6,917,299 | 505,274 | 541,085 | |||||
Unit
value |
$ 38.19 | $ 32.44 | $ 25.48 | $ 25.75 | $ 23.26 | |||||
Deathclaim
units |
13,979 | 8,050 | 13,933 | 2 | — | |||||
Deathclaim unit
value |
$ 29.23 | $ 24.80 | $ 19.45 | $ 19.62 | $ 17.70 | |||||
Net
assets |
$225,096,101 | $205,699,966 | $176,908,856 | $ 13,021,383 | $ 12,910,326 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
0.35 % | 0.38 % | 0.10 % | 0.31 % | 0.37 % | |||||
Total return
(d) |
17.70 - 17.87% | 27.31 - 27.50% | (1.01) - (0.86)% | 10.70 - 10.87% | 34.02 - 34.22% | |||||
Moderate
Allocation |
||||||||||
Units
(a) |
20,802,770 | 21,913,163 | 23,866,225 | 24,695,811 | 24,966,116 | |||||
Unit
value |
$ 19.57 | $ 17.52 | $ 16.27 | $ 16.54 | $ 15.79 | |||||
Deathclaim
units |
20,080 | 34,830 | 29,068 | 17,708 | 9,930 | |||||
Deathclaim unit
value |
$ 19.06 | $ 17.04 | $ 15.79 | $ 16.03 | $ 15.29 | |||||
Net
assets |
$407,818,372 | $384,706,165 | $388,845,212 | $408,854,306 | $399,808,115 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
1.62 % | 1.70 % | 1.49 % | 1.13 % | 1.53 % | |||||
Total return
(d) |
11.72 - 11.89% | 7.70 - 7.86% | (1.65) - (1.50)% | 4.72 - 4.88% | 13.86 - 14.03% | |||||
Moderately
Aggressive Allocation |
||||||||||
Units
(a) |
14,695,365 | 15,618,206 | 16,832,814 | 17,626,118 | 17,660,511 | |||||
Unit
value |
$ 21.38 | $ 18.51 | $ 16.97 | $ 17.29 | $ 16.49 | |||||
Deathclaim
units |
31,767 | 2,162 | 4,423 | 1,689 | — | |||||
Deathclaim unit
value |
$ 20.55 | $ 17.76 | $ 16.27 | $ 16.55 | $ 15.75 | |||||
Net
assets |
$314,859,371 | $289,104,951 | $285,804,142 | $304,812,542 | $293,601,060 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
1.21 % | 1.44 % | 1.29 % | 0.86 % | 1.50 % | |||||
Total return
(d) |
15.52 - 15.69% | 9.03 - 9.19% | (1.83) - (1.69)% | 4.89 - 5.05% | 19.97 - 20.15% | |||||
Moderately
Conservative Allocation |
||||||||||
Units
(a) |
8,557,192 | 9,164,554 | 9,895,998 | 10,559,783 | 11,032,773 | |||||
Unit
value |
$ 17.26 | $ 15.93 | $ 15.02 | $ 15.26 | $ 14.65 | |||||
Deathclaim
units |
28,281 | 20,447 | 15,428 | 16,275 | 13,841 | |||||
Deathclaim unit
value |
$ 17.00 | $ 15.67 | $ 14.75 | $ 14.96 | $ 14.34 | |||||
Net
assets |
$148,236,867 | $146,377,947 | $148,901,468 | $161,360,753 | $163,871,025 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
1.80 % | 1.70 % | 1.75 % | 1.56 % | 1.51 % | |||||
Total return
(d) |
8.32 - 8.48% | 6.06 - 6.22% | (1.55) - (1.40)% | 4.17 - 4.32% | 7.83 - 7.99% |
Subaccount | 2017 | 2016 | 2015 | 2014 | 2013 | |||||
Money
Market |
||||||||||
Units
(a) |
5,751,485 | 6,840,984 | 7,233,008 | 7,876,012 | 9,205,772 | |||||
Unit
value |
$ 1.84 | $ 1.86 | $ 1.88 | $ 1.90 | $ 1.92 | |||||
Deathclaim
units |
44,585 | 3,819 | 10,319 | 12,832 | 23,018 | |||||
Deathclaim unit
value |
$ 1.03 | $ 1.03 | $ 1.04 | $ 1.05 | $ 1.06 | |||||
Net
assets |
$10,713,702 | $12,764,612 | $13,653,321 | $15,032,620 | $18,129,696 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
0.49 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | |||||
Total return
(d) |
(0.59) - (0.45)% | (1.09) - (0.95)% | (1.10) - (0.94)% | (1.09) - (0.95)% | (1.09) - (0.95)% | |||||
Multidimensional
Income |
||||||||||
Units
(a) |
51,034 | — | — | — | — | |||||
Unit
value |
$ 10.27 | — | — | — | — | |||||
Deathclaim
units |
— | — | — | — | — | |||||
Deathclaim unit
value |
$ 10.28 | — | — | — | — | |||||
Net
assets |
$ 524,316 | — | — | — | — | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | — % | — % | — % | — % | |||||
Investment income ratio
(c) |
5.11 % | — % | — % | — % | — % | |||||
Total return
(d) |
2.74 - 2.84% | — % | — % | — % | — % | |||||
Opportunity
Income Plus |
||||||||||
Units
(a) |
305,330 | 282,780 | 233,165 | 214,631 | 191,533 | |||||
Unit
value |
$ 15.32 | $ 14.81 | $ 14.08 | $ 14.24 | $ 13.91 | |||||
Deathclaim
units |
7,765 | — | 51 | 683 | — | |||||
Deathclaim unit
value |
$ 14.93 | $ 14.40 | $ 13.67 | $ 13.81 | $ 13.47 | |||||
Net
assets |
$ 4,796,799 | $ 4,188,730 | $ 3,282,958 | $ 3,063,702 | $ 2,754,815 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
3.39 % | 3.38 % | 3.40 % | 3.43 % | 2.51 % | |||||
Total return
(d) |
3.48 - 3.64% | 5.21 - 5.37% | (1.13) - (0.98)% | 2.35 - 2.51% | (2.47) - (2.32)% | |||||
Partner
All Cap |
||||||||||
Units
(a) |
622,155 | 675,540 | 724,018 | 729,792 | 775,820 | |||||
Unit
value |
$ 22.23 | $ 18.69 | $ 17.86 | $ 17.66 | $ 15.91 | |||||
Deathclaim
units |
1,241 | 415 | 69 | 161 | 301 | |||||
Deathclaim unit
value |
$ 24.01 | $ 20.16 | $ 19.24 | $ 18.99 | $ 17.08 | |||||
Net
assets |
$13,905,185 | $12,682,704 | $12,984,495 | $12,941,605 | $12,586,632 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
0.49 % | 0.27 % | 0.34 % | 0.60 % | 0.75 % | |||||
Total return
(d) |
18.93 - 19.11% | 4.62 - 4.78% | 1.14 - 1.29% | 11.03 - 11.20% | 31.40 - 31.60% | |||||
Partner
Emerging Markets Equity |
||||||||||
Units
(a) |
311,901 | 276,948 | 285,410 | 319,274 | 343,968 | |||||
Unit
value |
$ 14.12 | $ 11.19 | $ 10.14 | $ 11.86 | $ 12.27 | |||||
Deathclaim
units |
— | 1,491 | — | — | — | |||||
Deathclaim unit
value |
$ 14.33 | $ 11.33 | $ 10.25 | $ 11.98 | $ 12.38 | |||||
Net
assets |
$ 4,405,055 | $ 3,114,783 | $ 2,892,664 | $ 3,784,579 | $ 4,260,873 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
0.67 % | 1.00 % | 1.20 % | 0.96 % | 1.04 % | |||||
Total return
(d) |
26.25 - 26.44% | 10.37 - 10.53% | (14.54) - (14.41)% | (3.36) - (3.21)% | (8.36) - (8.22)% |
Subaccount | 2017 | 2016 | 2015 | 2014 | 2013 | |||||
Partner
Growth Stock |
||||||||||
Units
(a) |
546,173 | 533,755 | 578,677 | 567,595 | 599,508 | |||||
Unit
value |
$ 31.59 | $ 23.91 | $ 23.85 | $ 21.79 | $ 20.30 | |||||
Deathclaim
units |
1,865 | 996 | 219 | 117 | 16 | |||||
Deathclaim unit
value |
$ 29.63 | $ 22.39 | $ 22.30 | $ 20.35 | $ 18.93 | |||||
Net
assets |
$17,336,909 | $12,808,696 | $13,831,108 | $12,392,348 | $12,336,740 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
0.09 % | 0.00 % | 0.00 % | 0.00 % | 0.03 % | |||||
Total return
(d) |
32.16 - 32.35% | 0.24 - 0.39% | 9.44 - 9.61% | 7.33 - 7.49% | 37.33 - 37.53% | |||||
Partner
Healthcare |
||||||||||
Units
(a) |
450,980 | 479,255 | 522,664 | 343,519 | 261,508 | |||||
Unit
value |
$ 21.97 | $ 18.60 | $ 22.40 | $ 21.65 | $ 17.62 | |||||
Deathclaim
units |
83 | 542 | — | 247 | — | |||||
Deathclaim unit
value |
$ 22.30 | $ 18.85 | $ 22.65 | $ 21.86 | $ 17.77 | |||||
Net
assets |
$ 9,912,272 | $ 8,927,739 | $11,706,362 | $ 7,441,126 | $ 4,620,875 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
0.26 % | 4.27 % | 0.01 % | 0.00 % | 0.35 % | |||||
Total return
(d) |
18.12 - 18.29% | (16.93) - (16.80)% | 3.46 - 3.62% | 22.87 - 23.06% | 29.66 - 29.85% | |||||
Partner
Worldwide Allocation |
||||||||||
Units
(a) |
6,039,701 | 6,322,046 | 6,952,748 | 7,423,497 | 7,879,566 | |||||
Unit
value |
$ 11.92 | $ 9.73 | $ 9.52 | $ 9.70 | $ 10.37 | |||||
Deathclaim
units |
5,910 | 1,729 | 8,451 | 4,860 | 5,923 | |||||
Deathclaim unit
value |
$ 12.10 | $ 9.86 | $ 9.63 | $ 9.80 | $ 10.45 | |||||
Net
assets |
$72,162,716 | $61,610,107 | $66,322,821 | $72,097,362 | $83,339,410 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
2.10 % | 2.23 % | 2.50 % | 2.04 % | 0.03 % | |||||
Total return
(d) |
22.50 - 22.68% | 2.22 - 2.37% | (1.87) - (1.72)% | (6.39) - (6.25)% | 15.04 - 15.21% | |||||
Real
Estate Securities |
||||||||||
Units
(a) |
371,582 | 400,409 | 420,962 | 451,709 | 471,556 | |||||
Unit
value |
$ 39.11 | $ 37.32 | $ 35.10 | $ 34.54 | $ 26.69 | |||||
Deathclaim
units |
486 | 967 | 220 | 519 | 708 | |||||
Deathclaim unit
value |
$ 21.82 | $ 20.79 | $ 19.53 | $ 19.19 | $ 14.81 | |||||
Net
assets |
$14,548,648 | $14,967,621 | $14,779,197 | $15,610,559 | $13,014,340 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
1.63 % | 1.48 % | 1.45 % | 1.42 % | 1.43 % | |||||
Total return
(d) |
4.80 - 4.96% | 6.32 - 6.48% | 1.62 - 1.77% | 29.39 - 29.59% | 1.06 - 1.22% | |||||
Small
Cap Index |
||||||||||
Units
(a) |
489,665 | 468,770 | 435,820 | 446,296 | 448,341 | |||||
Unit
value |
$ 35.40 | $ 31.63 | $ 25.36 | $ 26.21 | $ 25.15 | |||||
Deathclaim
units |
735 | 80 | — | 265 | 2,721 | |||||
Deathclaim unit
value |
$ 27.64 | $ 24.67 | $ 19.75 | $ 20.38 | $ 19.52 | |||||
Net
assets |
$17,383,907 | $14,856,199 | $11,072,654 | $11,723,568 | $11,577,830 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
0.85 % | 1.00 % | 0.78 % | 0.76 % | 1.20 % | |||||
Total return
(d) |
11.90 - 12.07% | 24.74 - 24.93% | (3.24) - (3.10)% | 4.21 - 4.37% | 39.29 - 39.50% |
Subaccount | 2017 | 2016 | 2015 | 2014 | 2013 | |||||
Small
Cap Stock |
||||||||||
Units
(a) |
911,420 | 930,337 | 1,035,261 | 405,567 | 432,708 | |||||
Unit
value |
$ 29.64 | $ 24.72 | $ 19.85 | $ 20.71 | $ 19.99 | |||||
Deathclaim
units |
420 | 199 | 527 | — | — | |||||
Deathclaim unit
value |
$ 23.07 | $ 19.21 | $ 15.40 | $ 16.05 | $ 15.47 | |||||
Net
assets |
$27,062,883 | $23,036,072 | $20,580,371 | $8,403,054 | $8,825,083 | |||||
Ratio of expenses to net assets
(b) |
0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | 0.95 - 1.10% | |||||
Investment income ratio
(c) |
0.35 % | 0.33 % | 0.28 % | 0.22 % | 0.36 % | |||||
Total return
(d) |
19.91 - 20.09% | 24.56 - 24.75% | (4.19) - (4.05)% | 3.61 - 3.76% | 34.41 - 34.62% |
(a) | For 2014, 2015 and 2016, these amounts represent the units for contracts in accumulation and contracts in payout. Units for contracts in accumulation are presented in 2012 and 2013. |
(b) | These amounts represent the annualized contract expenses of the separate account, consisting primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying fund have been excluded. |
(c) | These amounts represent the dividends, excluding distributions of capital gains, received by the subaccount from the underlying mutual fund net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude those expenses, such as mortality and expense charges, that are assessed against the contract owner accounts either through reductions in the unit values or the redemption of units. The recognition of investment income is affected by the timing of the declaration of dividends by the underlying fund in which the subaccount invests. |
(d) | These amounts represent the total return for periods indicated, including changes in the value of the underlying fund, and expenses assessed through the reduction of unit values. These ratios do not include any expenses assessed through the redemption of units. Investment options with a date notation in Note 1 indicate the effective date of the investment option in the Variable Account. The total return is calculated using accumulation unit values. |
(a) | Financial Statements | |
PART A: | None | |
(b) | PART B: | Financial
Statements of Depositor. (*) Financial Statements of Thrivent Variable Annuity Account B (*) |
Exhibit
(b) |
Description | Filed Herewith / Incorporated by reference from |
1 | Resolution of the Board of Directors of Lutheran Brotherhood authorizing the establishment of Thrivent Variable Annuity Account B (“Registrant”) | Post-Effective Amendment No. 8 to the registration statement of Thrivent Variable Annuity Account B, Registration Statement No. 33-67012, filed on April 30, 1998 |
2 | Not Applicable | |
3(a) | Principal Underwriting Agreement between Depositor and Thrivent Investment Management Inc. | Post-Effective Amendment No. 5 to the registration statement of Thrivent Variable Annuity Account B, Registration Statement No. 333-76154, filed on April 20, 2006 |
(b) | Specimen of Distribution Agreement with Registered Representatives | Post-Effective Amendment No. 10 to the registration statement of Thrivent Variable Annuity Account B, Registration Statement No. 333-76154, filed on April 18, 2011 |
4(a) | Form of Contract | Post-Effective Amendment No. 8 to the registration statement of Thrivent Variable Annuity Account B, Registration Statement No. 33-67012, filed on April 30, 1998 |
(b) | 403(b) Tax Sheltered Annuity Endorsement | Post-Effective Amendment No. 9 to the registration statement of Thrivent Variable Annuity Account B, Registration Statement No. 333-76154, filed on April 19, 2010 |
(c) | Roth Individual Retirement Annuity Endorsement | Post-Effective Amendment No. 9 to the registration statement of Thrivent Variable Annuity Account B, Registration Statement No. 333-76154, filed on April 19, 2010 |
(d) | SIMPLE Individual Retirement Annuity Endorsement | Post-Effective Amendment No. 9 to the registration statement of Thrivent Variable Annuity Account B, Registration Statement No. 333-76154, filed on April 19, 2010 |
(e) | Individual Retirement Annuity Endorsement | Post-Effective Amendment No. 9 to the registration statement of Thrivent Variable Annuity Account B, Registration Statement No. 333-76154, filed on April 19, 2010 |
5 | Contract Application Form | Post-Effective Amendment No. 8 to the registration statement of Thrivent Variable Annuity Account B, Registration Statement No. 33-67012, filed on April 30, 1998 |
6 | Articles of Incorporation and Bylaws of Depositor | Initial filing to the registration statement on Form N-4 of Thrivent Variable Annuity Account I, Registration Statement 333-216125, filed on February 17, 2017 |
7 | Not Applicable | |
8 | Participation Agreement between the Depositor and the Fund as of December 15, 2003 | Post-Effective Amendment No. 1 to the registration statement of Thrivent Variable Life Account I, Registration Statement No. 333-103454, filed on April 19, 2004 |
9 | Opinion of Counsel as to the legality of the securities being registered (including written consent) | Filed herewith |
10 | Consent of Independent Registered Public Accounting Firm, PricewaterhouseCoopers LLP | Filed herewith |
11 | Not Applicable |
Exhibit
(b) |
Description | Filed Herewith / Incorporated by reference from |
12 | Not Applicable | |
13 | Power of Attorney for Bradford N. Creswell | Filed herewith |
(*) | Filed Herewith |
Name and Principal Business Address | Positions and Offices with Depositor |
N.
Cornell Boggs, III 412 W. Loomis Street Ludington, MI 49431 |
Director |
Kenneth
A. Carow Kelley School of Business BS 3024F 801 W. Michigan Street Indianapolis, Indiana 46142 |
Director |
Bradford
N. Creswell 1200 Westlake Avenue N Suite 600 Seattle, WA 98109 |
Director |
Lynn
Crump-Caine 23 Ball Mill Place Sandy Springs, Georgia 30350 |
Director |
Eric
J. Draut 524 S. Banbury Road Arlington Heights, Illinois 60005 |
Director |
Kirk
D. Farney Wheaton College 501 College Avenue Wheaton, Illinois 60187 |
Director |
Rev.
Mark A. Jeske St. Marcus Lutheran Church 2215 North Palmer Street Milwaukee, Wisconsin 55312-3299 |
Director |
Frederick
G. Kraegel Parham Partners LLC 1225 Hyde Lane Henrico, Virginia 23229-6064 |
Director |
F.
Mark Kuhlmann 1711 Stone Ridge Trails Drive Kirkwood, Missouri 63122 |
Director |
Kathryn
V. Marinello 107 Hispaniola Lane Bonita Springs, Florida 34134 |
Director |
Bonnie
E. Raquet 412 Rivers Edge Williamsburg, Virginia 23185-8945 |
Chair of the Board of Directors |
Alice
M. Richter 2774 Wilds Lane NW Prior Lake, Minnesota 55372 |
Director |
Bradford L. Hewitt | Chief Executive Officer, Director |
Name and Principal Business Address | Positions and Offices with Depositor |
Randall L. Boushek | Chief Financial Officer and Treasurer |
Teresa J. Rasmussen | President, Thrivent Financial |
David S. Royal | Chief Investment Officer |
James A. Thomsen | President, Thrivent Holdings |
Terry
W. Timm 4321 North Ballard Road Appleton, Wisconsin 54919 |
Chief Administrative Officer |
Paul R. Johnston | General Counsel & Secretary |
Christopher J. Kopka | President, Thrivent Church Solutions |
James M. Odland | Vice President and Chief Compliance Officer |
Mary S. Nease | Chief Human Resources Officer |
Susan Oberman Smith | Chief Actuary |
Thrivent Financial Entities | Primary Business | State of Incorporation | ||
Thrivent Financial | Fraternal benefit society offering financial services and products | Wisconsin | ||
Thrivent Financial Holdings, Inc. | Holding company with no independent operations | Delaware | ||
Thrivent Trust Company | Federally chartered limited purpose trust bank | Federal Charter | ||
Thrivent Investment Management Inc. | Broker-dealer and investment adviser | Delaware | ||
North Meadows Investment Ltd. | Organized for the purpose of holding and investing in real estate | Wisconsin | ||
Thrivent Financial Investor Services Inc. | Transfer agent | Pennsylvania | ||
Thrivent Insurance Agency Inc. | Licensed life and health agency | Minnesota | ||
Newman Financial Services, LLC | Limited Liability Company | Minnesota | ||
NewLife Insurance Agency, LLC5 | Limited Liability Company | Minnesota | ||
Thrivent Life Insurance Company | Life insurance company | Wisconsin | ||
cuLearn, LLC6 | Limited Liability Company | Delaware | ||
PREPARE/ENRICH, LLC | Limited Liability Company | Delware | ||
Thrivent Asset Management, LLC1 | Investment adviser | Delaware | ||
Thrivent Distributors, LLC | Limited Liability Company | Delaware | ||
White Rose GP I, LLC2 | General partner | Delaware | ||
White Rose Fund I Equity Direct, L.P.3 | Private equity fund | Delaware | ||
White Rose Fund I Fund of Funds, L.P.3 | Private equity fund | Delaware | ||
Thrivent White Rose Fund GP II, LLC2 | General partner | Delaware | ||
Thrivent White Rose Fund II Equity Direct, L.P.3 | Private equity fund | Delaware | ||
Thrivent White Rose Fund II Fund of Funds, L.P.3 | Private equity fund | Delaware | ||
Thrivent White Rose Fund GP III, LLC2 | General partner | Delaware | ||
Thrivent White Rose Fund III Mezzanine Direct, L.P.3 | Private equity fund | Delaware | ||
Thrivent White Rose Fund III Equity Direct, L.P.3 | Private equity fund | Delaware | ||
Thrivent White Rose Fund III Fund of Funds, L.P.3 | Private equity fund | Delaware | ||
Thrivent White Rose Fund GP IV, LLC2 | General partner | Delaware | ||
Thrivent White Rose Fund IV Equity Direct, L.P.3 | Private equity fund | Delaware |
Thrivent Financial Entities | Primary Business | State of Incorporation | ||
Thrivent White Rose Fund IV Fund of Funds, L.P.3 | Private equity fund | Delaware | ||
Thrivent White Rose Fund GP V, LLC2 | General partner | Delaware | ||
Thrivent White Rose Fund V Equity Direct, L.P.3 | Private equity fund | Delaware | ||
Thrivent White Rose Fund V Fund of Funds, L.P.3 | Private equity fund | Delaware | ||
Thrivent White Rose Fund GP VI, LLC2 | General partner | Delaware | ||
Thrivent White Rose Fund VI Equity Direct, L.P.3 | Private equity fund | Delaware | ||
Thrivent White Rose Fund VI Fund of Funds, L.P.3 | Private equity fund | Delaware | ||
Thrivent White Rose Fund GP VII, LLC2 | General partner | Delaware | ||
Thrivent White Rose Fund VII Equity Direct, L.P.3 | Private equity fund | Delaware | ||
White Rose Fund VII Equity Direct Corporation3 | Private equity fund | Deleware | ||
Thrivent White Rose Fund VII Fund of Funds, L.P.3 | Private equity fund | Delaware | ||
Thrivent White Rose Fund GP VIII, LLC2 | General partner | Delaware | ||
Thrivent White Rose Fund VIII Equity Direct, L.P.3 | Private equity fund | Delaware | ||
Thrivent White Rose Fund VIII Fund of Funds, L.P.3 | Private equity fund | Delaware | ||
Thrivent White Rose Fund GP IX, LLC2 | General partner | Delaware | ||
Thrivent White Rose Fund IX Equity Direct, L.P.3 | Private equity fund | Delaware | ||
White Rose Fund IX Equity Direct Corporation3 | Private equity fund | Delaware | ||
Thrivent White Rose Fund IX Fund of Funds, L.P.3 | Private equity fund | Delaware | ||
Thrivent White Rose Fund GP X, LLC2 | General partner | Delaware | ||
Thrivent White Rose Fund X, Equity Direct, L.P.3 | Private equity fund | Delaware | ||
White Rose X Equity Direct Corporation I3 | Private equity fund | Delaware | ||
White Rose X Equity Direct Corporation II3 | Private equity fund | Delaware | ||
Thrivent White Rose Fund X, Fund of Funds, L.P.3 | Private equity fund | Delaware | ||
Thrivent White Rose Fund GP XI, LLC2 | General partner | Delaware | ||
Thrivent White Rose Fund XI Equity Direct, L.P.3 | Private equity fund | Delaware | ||
Thrivent White Rose Fund XI Fund of Fund, L.P.3 | Private equity fund | Delaware | ||
Thrivent White Rose Real Estate GP I, LLC2 | General Partner | Delaware | ||
Thrivent White Rose Real Estate Fund I Fund of Funds, L.P.3 | Private equity fund | Delaware | ||
Gold Ring Holdings, LLC | Investment subsidiary | Delaware | ||
Thrivent White Rose Opportunity Fund, GP, LLC2 | General Partner | Delware | ||
Thrivent White Rose Opportunity Fund, GP, L.P.3 | Private equity fund | Delware | ||
Twin Bridge Capital Partner, LLC4 | Managing Member | Delaware | ||
Thrivent Education Funding, LLC | Limited Liability Company | Delaware | ||
Thrivent Education Finance Group, LLC | Limited Liability Company | Delaware |
1 | Thrivent Asset Management, LLC (“TAM”) is a subsidiary of Thrivent Financial Holdings, Inc., (“TFH”) which is a wholly owned subsidiary of Thrivent Financial. TFH owns 100% of TAM’s membership interests. |
2 | Thrivent Financial owns a majority interest in the limited liability company and is also its managing member. |
3 | The Fund is organized for the purpose of holding investments in Thrivent Financial’s general account. |
4 | Thrivent Financial owns 49% of the managing member’s membership interests. Twin Bridge Capital Partners, LLC is the managing member of a general partner of limited partnerships. |
5 | Newman Financial Services, LLC owns a 50% membership interest in NewLife Insurance Agency, LLC. |
1. | Thrivent Variable Life Account I |
2. | Thrivent Variable Insurance Account A |
3. | Thrivent Variable Annuity Account I |
4. | Thrivent Variable Annuity Account II |
5. | Thrivent Variable Annuity Account A |
6. | Thrivent Variable Annuity Account B |
7. | TLIC Variable Insurance Account A |
8. | TLIC Variable Insurance Account B |
9. | TLIC Variable Annuity Account A |
Name and Principal Business Address | Position and Offices with Underwriter |
Karen L. Larson | Director and President |
Randall L. Boushek | Director |
Name and Principal Business Address | Position and Offices with Underwriter |
Thomas L.Young | Director |
Thomas
J. Birr 4321 North Ballard Road Appleton WI 54919 |
Vice President |
Christopher
J. Osborne |
Vice President of Supervision |
David J. Kloster | Vice President |
Timothy S. Meehan | Secretary and Chief Legal Officer |
Andrea C. Golis | Chief Compliance Officer |
Kurt S. Tureson | Director Affiliate Finance, CFO and Treasurer |
Tracy A. Salwei | Assistant Secretary |
Bruce
Kornaus 4321 North Ballard Road Appleton, WI 54919 |
Vice President, Service Operations |
Susan
Plamann 4321 North Ballard Road Appleton, WI 54919 |
Vice President, Corporate Administration |
Thrivent
Variable Annuity Account B (Registrant) | |
By: | Thrivent
Financial for Lutherans (Depositor) |
By: | /s/ Bradford L. Hewitt |
Bradford
L. Hewitt Chief Executive Officer and Director (Principal Executive Officer) |
/s/ Bradford L. Hewitt | Chief
Executive Officer and Director (Principal Executive Officer) |
April 27, 2018 |
Bradford L. Hewitt | Date |
/s/ Randall L. Boushek | Senior
Vice President, Chief Financial Officer and Treasurer (Principal Financial Officer) |
April 27, 2018 |
Randall L. Boushek | Date |
N. Cornell Boggs, III | Kenneth A. Carow | Lynn Crump-Caine |
Eric J. Draut | Kirk D. Farney | Mark A. Jeske |
Frederick G. Kraegel | F. Mark Kuhlmann | Kathryn V. Marinello |
Bradford N. Creswell | Bonnie E. Raquet | Alice M. Richter |
Bradford L. Hewitt |
* | James M. Odland, by signing his name hereto, does hereby sign this document on behalf of each of the above-named directors and officers of Thrivent Financial for Lutherans pursuant to powers of attorney duly executed by such persons. |
EXHIBIT NO. | |
EX 99.24(b)9 | Opinion and Consent of Counsel |
EX 99.24(b)10 | Consent of Independent Registered Public Accounting Firm, PricewaterhouseCoopers LLP |
EX 99.24(b)13 | Power of Attorney for Bradford N. Creswell |
This ‘485BPOS’ Filing | Date | Other Filings | ||
---|---|---|---|---|
6/28/18 | ||||
6/21/18 | ||||
Effective on: | 4/30/18 | |||
Filed on: | 4/27/18 | |||
3/31/18 | ||||
2/19/18 | ||||
12/31/17 | 24F-2NT, NSAR-U | |||
8/28/17 | ||||
5/26/17 | ||||
4/28/17 | 485BPOS | |||
2/17/17 | ||||
12/31/16 | 24F-2NT, NSAR-U | |||
1/1/16 | ||||
12/31/15 | 24F-2NT, NSAR-U | |||
8/21/15 | ||||
8/16/13 | ||||
4/18/11 | 485BPOS | |||
4/19/10 | 485BPOS | |||
1/1/09 | ||||
4/30/08 | 485BPOS | |||
4/20/06 | 485BPOS | |||
4/29/05 | 485BPOS | |||
4/19/04 | ||||
12/15/03 | ||||
4/30/03 | 485BPOS | |||
4/30/02 | 485BPOS | |||
11/30/01 | 485BPOS | |||
4/30/98 | 485BPOS | |||
2/3/94 | ||||
List all Filings |