Pioneer Mutual Insurance Association - Iowa · Pioneer Mutual Insurance Association Karl Lundgren...
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Pioneer Mutual Insurance Association Karl Lundgren 412 E. Reed Street, P.O. Box 64 Red Oak IA 51566-00 Iowa Company Number: 0116 December 31, 2015 - Annual Statement
Transcript of Pioneer Mutual Insurance Association - Iowa · Pioneer Mutual Insurance Association Karl Lundgren...
Pioneer Mutual Insurance Association
Karl Lundgren
412 E. Reed Street, P.O. Box 64
Red Oak IA 51566-00
Iowa Company Number: 0116
December 31, 2015 - Annual Statement
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
ASSETS
Assets
1. Bonds (Schedule D) ................ _ .. _ .............. . . .................. 2,288,580 2. Stocks (Schedule D);
2.1 Preferred stocks
2.2 Common stocks _. __ ... _ ..................... ___ ................. . ...2,936,223 3. Mortgage loans on reat estate (Schedule 8):
3.1 First liens
3.2 Other than first liens ...... _______ ........................ _______ .................... .
4. Real estate (Schedule A):
4.1 Properties occupied by the company (less $ ............ __ .................. 0
encumbrances) ............... ____ ' ..................................... ' ............... . ........................ 34.785 4.2 Properties held for the production of income (less
$ ................................... 0 encumbrances) ................................. . . ................... ..16,602
4.3 Properties held for sale (less $ .................................. 0
encumbrances) .............................................................................. .
5. Cash ($ ...................... 199,417 ,Schedule E - Part 1), cash equivalents
($ ............................ , Schedule E - Part 2) and short-term
investments ($ .......................... 12,903 ,Schedule DA) ...................... 212 ,320
6. Contract loans (including $ premium notes) ..
7. Derivatives (Schedule DB) ......... __ .. __ ... _ ............... .
8. Other invested assets (Schedule BA) .... _ .. ____ . __ ............................................................. .
9. Receivable for securities ...... .
10. Securities lending reinvested collateral assets (Schedule Dl) ..................... .
Current Year 2
Nonadmitted Assets
3 Net ~.dmitted ~sselS
fCols.1 ·21
Prior Vear 4
Net Admitted Assets
.................... 2,288,580 ................... .2,095,916
.............................. 0 .............................. 0
................... 2,936,223 .................. 2 ,833,235
................. .......... 0 ......................... 0
. ................................. 0 ................................ 0
........ .. ........... 34,785 ............ . ... 35,752
................... 16,602 ............ .17,646
......................... 0 .............................. 0
............. .212,320 .... ..... ........ B6,837
..................... 0
................................ 0
......................... 0
.. ................... 0
. ................................................................ 0 ... 0
.................................. 0 ........................ 0
.......... ... ...... .. 0 o 11. Aggregate write-ins for invested assets __ . __ ........................................................................................ 0 .............. _. ______________ 0 _ .................................. 0 .............................. _. __ 0
12. Subtotals, cash and invested assets (Unes 1 to 11). . .......... ___ . __ 5,488,510 ................................... 0 .................... 5,488,510 _____ ..... _ ... _._.5,079,385
13. Title plants less $ charged oN (for Title insurers
only) ............... ________ ._ ............................. .
14. Investment income due and accrued ........ __ . ____ .... _ .............................. .
15. Premiums and considerations:
15.1 Uncollected premiums and agents' balances in the course of collection
15.2 Deferred premiums and agents' balances and installments booked but
deferred and not yet due (including $ .
earned but unbilled premiums) _____ . __ ................................ .
15.3 Accrued retrospective premiums ($
contracts subject to redetermination ($ .
16. Reinsurance:
16.1 Amounts recoverable from reinsurers .....
) and
) ..
... .. ...... 24,260
................... ..1,833
... ......... .. ..75,017
16.2 Funds held by or deposited with reinsured companies ........................... .
16.3 Other amounts receivable under reinsurance contracts
17. Amounts receivable relaling to uninsured plans ..
18.1 Current federal and foreign income tax recoverable and interest thereon ..
18.2 Net deferred tax asset ...... ____ . ____ . __ ._ .. _ .................. .
19. Guaranty funds receivable or on deposit ..
20. Electronic data processing equipment and software . __ .......... ..7,695
21. Furniture and equipment, including heallh care delivery assets
($ ). .............................. 354
22. Net adjustment in assets and liabilities due 10 foreign exchange rales .......................................... .
23. Receivables from parent, subsidiaries and affiliates ............................ .
24. Health care ($ .... . ............... ) and other amounts receivable _
.............. 0 .......................... 0 ........... 24,260 .27,178
.... ...... ..1,333 ..... 3, 124
....................... ..75,017 .. ... B4,648
... 0 ............................. 0
.................................. 0 .. .17,255
.0 . ............ 0
................................... 0 ..0
................................... 0 .................................. 0
....0 .... ... .. .. 49,900
................................... 0 .. .. 0
.. ..... 0 ................................... 0
.. ........................ .1,695 ................ ....8.790
..... 354 ....... 0 ............................. 0
.. .. 0 ............. 0
.0 ....... 0
.. .... 0 ................................... 0 25. Aggregate write·ins for other than invested assets ............................................................. .100,000 _________________________ 0 _____________ 100,000 _ ..... _ .............. _ ............. 0
26. Total assets excluding Separate Accounts, Segregated Accounts and Protected Cell Accounts (lines 12 to 25) ....... . ............. 5,697,168 ............................... 354 .................... 5,696,815 ......... 5,280,281
27. From Separate Accounts, Segregated Accounts and Protected Cell Accounts __ _ .......................................... .
28. Total (Unes 26 and 27\
1101.
1102.
1103.
DETAILS OF WRITE·INS
t 198. Summary of remaining write·ins for Line 11 from overflow page
1 t 99. Totals lLines 1101 thru 1103 Ius 1198l/line 11 abovel
~utomobiles
5,697,168 354
.............................. 0 ................................... 0
o o
.................................. 0 .................................. 0
5,696,815
.. 0
o
5,280,281
.. ....................... 0 o
........ 0 ................................... 0 2501.
2502.
2503.
Prepaid Reinsurance ....................... ......... ..... ..100,000 .. .................. .100,000 ................................... 0
2598. Summary of remaining write-ins lor line 25 from overflow page ..
2599. Totals (Unes 2501 thru 2503 nlus 2598\(Une 25 above\
2
....... 0
100,000
. ......... 0 ................................. 0 ................................... 0
o 100,000 o
,
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
LIABILITIES, SURPLUS AND OTHER FUNDS Current Year
2 Prior Year
1. Losses (Part 2A, line 35, Column 8) ............. ___ ............................ _ .... __ ........... . ................................................................................... .52,4,17 .......... ........... 28,744
2. Reinsurance payable on paid losses and loss adjustment expenses (Schedule F, Part 1, Column 6) _.
3. loss adjustment expenses (Part 2A. Une 35, Column 9) ..
4. Commissions payable, contingent commissions and other similar charges
5. Olher expenses (excluding taxes, licenses and fees) ........ __ ._ .............. .
6. Taxes, licenses and fees (excluding federal and foreign income taxes)
............................. 0
........... 8,528
........................... 9,302
.. ............................ 0
.. ....... .50,251
.......... 14,875
............ ... ..... 6, 192 ........... .. ..... 6,081
. ...................... 2,422 ..................... A,301 7.1 Current federal and foreign income taxes (including $
7.2 Net deferred tax liability ..
on realized capital gains (losses» ...................................... 32.600 .............................. 0
B. Borrowed money $ and interesllhereon $
9. Unearned premiums (Part 1 A, Line 38, Column 5) (after deducting unearned premiums for ceded reinsurance of
$ .............................. 0 and including warranty reserves of $ and accrued accident and
health experience rating refunds including $ .................................. 0 for medical loss ratio rebate per the Public Health
Service Act) ............................................................................ . ....................... .584 ,945 ..................... 596 ,878
10. Advance premium .. ............... 14,566 ....................... 17,764
11. Dividends declared and unpaid:
11.1 Stockholders
11.2 Policyholders .................... ____ .. _ ................................... _. ___ . __ .... _ ........................... .
12. Ceded reinsurance premiums payable (net of ceding commissions) .... _ .................. . ..................... .......................................... 20,053 .. ........... 17,637
13. Funds held by company under reinsurance treaties (Schedule F, Part 3, Column 19) ..
14. Amounts withheld or retained by company for account of others ..
15. Remittances and items not allocated ............................. .
16. Provision for reinsurance (including $ ................................... 0 certified) (Schedule F. Part B) ..
17. Net adjustments in assets and liabilities due to foreign exchange rates ....
18.
19.
20.
Drafts outstanding ..................................... _. _____ ._ .......................... .
Payable to parent, subsidiaries and affiliates _ ..................... .
Derivatives __
21. Payable for securities
................................. 0 . ................................ 0
..... ..4,359 .. ..................... (37,057)
.. ................................ 0
... ....................... 0
22. Payable for securities lending .. _ .. _ ........................................................... _ ._._ . ____ .. __ ..... _ ......................................................... .
23. Liability for amounts held under uninsured plans ..
24. Capital notes $ and interest thereon $
25. Aggregate write-ins for liabilities ................. __ . ___ ._._ ... _._ ................................... . (214) 17
26. Total liabilities excluding protected ceU liabilities (Lines 1 through 25) .. .................................................... .735, 194 ........................ 699,492
27. Protected cell liabilities
28. T otalliabilities (Lines 26 and 27) ...................... . ............. .735, 194 ............ 699,492
29. Aggregate write-ins for special surplus funds_. . .... 0 .......................... 0
30. Common capital stock ................... __ . __ .. _ .. _ ....... _ ..................................... .
31. Preferred capital stock ..
32. Aggregate write·ins for other than special surplus funds ........................................................................................ . .. .............. 0 ................................... 0
33. Surplus notes ........................................ .
34. Gross paid in and contributed surplus ..
35. Unassigned funds (surplus) ..................................... ____ ._ ..... _ .. _ .... _ ........................................... . .. ............................... 4,961,621 .................... 4,580,789
36. Less treasury stock, at cost:
36.1 shares common (value included in Line 30 $ ..................................... ) ..
36.2 shares preferred {value included in Line 31 $
37. Surplus as regards policyholders (Lines 2910 35. less 36) (Page 4, Line 39) .................................. .
38. TOTALS (Pane 2, Line 28 Col. 31
~\~,I-· __ --=4"',9""61"",6"'21+-__ 4"",5"'80"'.7""-189
5,696,815 5,280,281
DETAILS OF WRITE-INS
2501.
2502.
Suspense ..................................................... _. ______ . __ ... _ .. __ ........................................................................................................................................... _ .. (214) .. _. ________________ . __ 17
2503.
2598. Summary of remaining write·ins for Line 25 from overflow page
2599. Totals IUnes 2501 thru 2503 nlus 25981{Line 25 above)
2901.
2902.
2903.
2998.
2999.
3201.
3202.
3203.
Summary of remaining write-ins for Line 29 from overflow page ..
Totals (Lines 2901 thru 2903 nlus 2998\iLine 29 above)
3298. Summary of remaining write·ins for Line 32 from overflow page
3299. Totals lLines 3201 thru 3203 Ius 329811line 32 above}
. ...... 0 .............................. 0
(214) 17
.0 ................................... 0
o
.................................. 0
o
o
.. ... 0
o
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
STATEMENT OF INCOME
UNDERWRITING INCOME
1. Premiums earned (Part 1, Line 35, Column 4) ...
2.
3.
DEDUCTIONS:
losses incurred (Part 2, Line 35, Column 7) ...
Loss adjustment expenses incurred (Part 3, Une 25, Column 1)
4. Other underwriting expenses incurred (Part 3, Line 25, Column 2) .. _
5. Aggregate write-ins lor underwriting deductions_.
Tolal underwriting deductions (Lines 2 through 5) .................. _ ._ ............................ _._ .. _ ........................ .
Net income of protected ceUs .. _
Current Year
..1,045,649
2 Prior Year
...... 1 ,099,572
. ... 2(]5,443 .......... ....... 945,480
........ 81,382 .................. 204,696
...... 448,672 .................. 464,583
. .............. 0 ............................... 0 735,496 1,614,759 6.
7.
8. Net underwriting gain 0((1055) (Line 1 minus Line 6 plus Line 7).. . ................................. __ ._._ ............................... ___ . __ .... ____ ................ .310,152 ___ ................. (515, 188)
INVESTMENT INCOME
9. Net investment income earned (Exhibit 01 Net Investment Income, Line 17) .. .................................................................................... 124,640 ........................ 118,564 10. Net realized capital gains or (losses) less capital gains tax of $ {Exhibit of Capital
Gains (Losses) ) ..... . ...... ___ ..................... . 155,665 62,334 11. Net investment gain (loss) (Lines 9 + 10) .......... _. __ .............. . 280,304 ............ 180,89B
OTHER INCOME
12. Net gain (loss) from agents' or premium balances charged off (amount recovered
$ __ ..................... amount charged off $ ............. __ ._._ ................... . .. .............. 0 13. Finance and service charges not included in premiums .... 40,489 .................40,965 14. Aggregate write·ins for miscellaneous income . __ ._ ...................................... __ .. _._ ............... . (25,091) 4,389
15. Total other income (Lines 12 through 14) .......... _ .. _.................. ._. ____ ............. . . .. ......................... 1-___ 1"'5 ,"'379, ___ --"'45"', 335=j 16. Net income before dwidends to policyholders, after capital gains tax and before aU other federal and foreign income laxes
(Lines 8 + 11 + 15).. . ......... __ ... _................. .. ___ ._._ ............... .
17. Dividends to policyholders
18. Net income, after dividends to policyholders, after capital gains tax and before all other federal and foreign income taxes
19.
20.
(Une 16 minus Line 17) .. . ................. .
Federal and foreign income taxes incurred ................... ___ ... _ ........................................... _._. __ ......................................... .
Net income (Line 18 minus Line 19)(to Line 22) ..
CAPITAL AND SURPLUS ACCOUNT
..... 605, 835 ..................... (28B, 955)
.. 605,835 ...................... (289,955) 72,606 (7,203)
533,229 (2Bl,752)
21.
22.
Surplus as regards policyholders, December 31 prior year (page 4, Line 39, Column 2) .. .. ..................................... .4,580,789 ..... 4,668,751 .... (281 ,752) Net income (from Line 20) ..
23. Net transfers (to) from Protected Cell accounts ..
24. Change in net unrealized capital gains or (losses) less capital gains tax of $
25. Change in net unrealized foreign exchange capital gain (loss)
Change in net deferred income tax .. 26.
27.
28.
29.
30.
31.
Change in nonadmitted assets (Exhibit of Nonadmitted Assets, Line 28, Col. 3)
Change in provision for reinsurance (Page 3, Line 16, Column 2 minus Column 1)
Change in surplus notes
Surplus (contributed to) withdrawn from protected cells ........................ .
Cumulative effect of changes in accounting principles
32. Capital changes:
33.
32.1 Paid in __ _ ____ ._ ........................... .
32.2 Transferred from surplus (Stock Dividend) .. _ .... _ ................... .
32.3 Transferred to surplus ..
Surplus adjustments:
33.1 Paid in _. __ .. _ ............................ .
33.2 Transferred to capital (Stock Dividend)
33.3 Transferred from capital._ ..
34. Net remittances from or (to) Home Office ..
3S. Dividends to slockholders ..
36. Change in treasury stock (Page 3, Lines 36.1 and 36.2, Column 2 minus Column 1) ..
37. Aggregate write·ins for gains and losses in surplus .... _ ..... __ ..................... .
38. Change in surplus as regards policyholders for the year (Unes 22 through 37) ........................ .
39. Surplus as regards policyholders, December 31 current year (Line 21 plus Une 38) (Page 3, Line 37)
0501.
OS02.
0503.
DETAILS OF WRITE-INS
0598. Summary of remaining write·ins for Line S from overflow page ..
0599. Totals (Lines 05011hru 0503 plus OS98)(~ne 5 above)
140t.
1402.
1403.
Net Premiums Written for Others.
Miscellaneous Income _ .. _ .... _ ............ .
1498. Summary of remaining write·ins for Line 14 from ovenlow page ..
1499. Totals (Lines 1401 thru 1403 plus 1498)(Line 14 above)
3701.
3702.
3703.
3798. Summary of remaining write·ins for Line 37 from overflow page ..
3799. Totals (Lines 3701 thru 3703 plus 3798)(Line 37 above)
4
. .. 533,229
.. (153.756) .190,934
.. ........................ .1 ,359 ......... ......... 2.858
.. .......... 0 ................................. 0
......... 0
............. 0
0
380,832
4,961,621
. ........... 0
o
..0
...0
0
(87,962)
4,580,789
... 0
o ..... 125,099).. .. ................ A,389
. ............ 8
................ 0 (25,091)
................ 0
o
...0
4,369
..0 o
f ,
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
CASH FLOW 2
Current Year Prior Year
Cash trom Operations
1 . Premiums co!!ecled net of reinsurance .............. 1,054,358 .............. 1,102,127
2. Net investment income ................................... 138,835 .................... 137 ,964
3. Miscellaneous income_ 15,379 45,335
4. Total (Unes 1 through 3) ............... __ ' ............... . 1,208,572 1,285,426
5. Benefit and loss related payments ....................................................................................................................... 264,495 ......... 892,597
6. Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts . _._ .. __ ...................................... . . ................................. 0 ................ .... .. ...... 0
7. Commissions, expenses paid and aggregate write-ins lor deductions._
8. Dividends paid 10 policyholders ................ _________ '' ........................ .
9. Federal and foreign income taxes paid (recovered) net of $ . lax on capital gains (losses)
10. Total (lines 5 through 9) ............................................. .
11. Net cash from operations (Line 4 minus Line 10) ........................................................................ .
Cash from Investments
12. Proceeds from investments sold, matured or repaid:
12.1 Bonds
12.2 Stocks ......................... .
12.3 Mortgage loans ................................................... .
12.4 Real estate
12.5 Other invested assets .................... .
12.6 Net gains or (losses) on cash, cash equivalents and short·term investments ...... _ .... _ .......................................... .
12.7 Miscellaneous proceeds ...................................................... .
12.8 Total investment proceeds (Lines 12.1 to 12.7) ..
13. Cost of investments acquired (Iong·term only):
13.1 Bonds .................... .
13.2 Stocks ........................... _ ......... _ ..................... .
13.3 Mortgage loans
13.4 Real estate ................... _ .............................. .
13.5 Other invested assets
13.6 Miscellaneous applications ................ _ ................................. .
13.7 Total investments acquired (Lines 13.1 to 13.6) ..
14. Net increase (decrease) in contract loans and premium notes
15. Net cash from investments (Line 12.8 minus Une 13.7 minus Une 14) ..
Cash from Financing and Miscellaneous Sources
16. Cash provided (applied):
16.1 Surplus notes, capital notes ...
16.2 Capital and paid in surplus, less treasury slack ._ .
. ...................... 570,469 .. ................. 613,328
................................... 0 ....... ..... .............. 0
(9,894)
825,070
383,502
. .406,398
....................... 238,365
90,697
1,596,621
(311,196)
....................... 250,000
. .63,898
. ... 0 .................................. 0
. .................................. 0 ................................... 0
.......................... 0 ................................... 0
... 0
o
642.162
. .................. 0
o 313,898
....................... 603.142 ................ 305,264
........................ 342,418 . ...... 12,948
................................... 0 .. .0
............................... 0 ................................... 0
........................... 0 . .......... 0
o o 946,159 378,212
o o (303,397) (64,314)
.0 ... 0
. .................................. 0 ................................... 0
16.3 Borrowed funds ................................................. . . .................................................................................................. 0 .................................. 0
16.4 Net deposits on deposit·type contracts and other insurance liabilities ..
16.5 Dividends to stockholders ..
16.6 Other cash provided (applied) ........................................................... .
17. Net cash from financing and miscellaneous sources (lines 16.1 to 16.4 minus Une 16.5 plus Line 16.6) .
RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS
18. Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17) ...
19. Cash, cash equivalents and short-term investments:
19.1 Beginning of year ..
19.2 End of """riod (Line 18 clus Line 19.1}
Note: Su lemental disclosures of cash flow information for non-cash transactions:
5
. . .......... 0
................................... 0
35,378
35,378
115,483
........ B!i,836
212,319
. ................ 0
o (11,236)
(11,236)
(386.145)
.... 483,582
96,836
1.
2.
3.
4.
5.
6.
8.
9.
10.
11.1
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
UNDERWRITING AND INVESTMENT EXHIBIT
Una 01 Business
PART 1 - PREMIUMS EARNED
Net Premiums Written per
Column 6 Part 1 B
2 Unearned Premiums Dec. 31 Prior Year
per Col. 3, last Year's Part 1
3 Unearned Premiums
Dec. 31 Current Year - per Col. 5
PartlA
4
Premiums Earned
"
During Year_, Cols.1 +2-31
Fire . ______ ........................................... _____ ._ ...................................................................... .531,501 ....... _ ... _________ 302.167 ...................... 296,279 ............. ... 537,389
Allied lines ....................... __ . __ .................. . ....................... 500 ,369 .................. 293,985 ...... 287,865 .. ... ......... 506,490
Farmowners multiple peril .. .0 ............................... 0 ..................... 0 .. ........ 0
Homeowners multiple peril .. ............. 0 o ................................. 0 .. ........ 0
Commercial multiple peril ............................ . ................................... 0 ................... .....0 .. ... ................... 0 .. ..... 0
Mortgage guaranty ____ ................ _ ................................................................................................. 0 ................................... 0 ................................... 0 . ....... 0
Ocean marine .. ............................. 0.. .............. 0 ................................... 0 .. ................................ 0
Inland marine .................................................................................................................... 1 ,845 .. .... 726 ............................... 802 ..... ....... 1,769
Financial guaranty ........................................... . ............................... 0 ...................... 0 .. .. 0 ................................... 0
Medical professional liability • occurrence ......................... . ...... 0 ..0 ................................... 0 .......................... 0
11 .2 Medical professional liability - claims·made .. .0 ......... 0 ........ 0 ............................ 0
12. Earthquake .. .. ........ 0 ............................... 0 ................................... 0 .................... 0
13. Group accident and health ............................... . . ......................... 0 .......................... 0 ............................... 0 ................................... 0
14. Credit accident and health (group and individual) .. ................................... 0 ................................... 0 ................................... 0 .. ..... 0
15. Other accident and health ................................... . .. .......................................... 0 ................................... 0 ................................... 0 ................................... 0
16. Workers' compensation ............................................ . ....... 0 ............... 0 .......... 0 .. ......... __ .. __ ...... 0
17.1 Other liability - occurrence ............................................................................................................. 0 ................................... 0 ................................... 0 ................................... 0
17.2 Other liability - claims-made .................................... . ........................ 0 ....................... 0 ................................... 0 .................................. 0
17.3 Excess workers' compensation ............................... . ................................. 0 ................................. 0 ................................. 0 ................................... 0
18.1 Products liability· occurrence .................................. . .................................. 0 .................................. 0 ........... 0 ................................ 0
18.2 Products liability - claims·made .. .................................. 0 ...... 0 .............. 0 .......... 0
19.1, 19.2 Private passenger auto liability ._. ...... 0 .. ................. 0 ............................... 0 ........................ 0
19.3,19.4 Commercial auto liability ............................................................... . ................................. 0 ................................... 0 ... 0 .. ... 0
21. Auto physical damage .. .................................... 0 ..0 . . .... ....... 0 . ..................... 0
22. Aircraft (all perils) .................................. 0 ................................... 0 .................................. 0 ................... 0
23. Fidelity _. ................................... 0 ................................... 0 ................................. 0 __ ..0
24. Surety ......... _._._ .. _ .............................................. . ............................................................ 0 ................................... 0 .. ........................... 0 ................................... 0
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
3401.
3402.
3403.
3498.
3499.
Burglary and theft ..
Boiler and machinery
Credit ..................... .
International ..
Warranty . ____ .. _ ....... _ ....................................................................... .
Reinsurance· nonproportional assumed property
Reinsurance - nonproportional assumed liability ..
Reinsurance - nonproportional assumed financial lines ..
Aggregate write·ins for other tines of business ....
TOTALS
DETAILS OF WRITE-INS
Summary of remaining write-ins for Une 34 from overflow page_.
Totals IUnes 3401 thru 3403 nlus 3498\ILine 34 above}
........................ 0 .......... 0 .................................. 0
............................... 0 ................................... 0 ................................... 0
.................... 0 ......................... 0 ................................... 0
................... 0 ................................... 0 .0
................................... 0 ... 0 .............. 0
..0
..0
.. ................................ 0
..0
.. ................ 0
... 0 .......... 0 . ............... 0 ................................... 0
.......................... 0 ........................... 0 ............................... 0 ................... 0
................................... 0 ................................... 0 .... 0
o
.0
o
6
o
1,033,716
.......... 0
o
o
596,878 584,945 1,045,649
.................................. 0 ................................... 0 .. ............ 0
o o o
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
UNDERWRITING AND INVESTMENT EXHIBIT
1.
2.
3.
4.
5.
6.
B.
9.
10.
Une of Business
Fire ..
Allied lines ..
Farmowners multiple peril .....
Homeowners multiple peril ..
Commercial multiple periJ ..
Mortgage guaranty. ___ ................ .
Ocean marine ..
Inland marine ._ ..
Financial guaranty _ ................. .
11 .1 Medical professionalliabiJity • occurrence ..
11.2 Medical professional liability· daims-made_.
12. Earthquake ........................ .
13.
14.
15.
16.
Group accident and health
Credit accident and health (group and individual) ....... .
Other accident and health ....
Workers' compensation
17.1 Other liability· occurrence ..
17.2
17.3
Other liability· claims·made
Excess wof1{ers' compensation ..
18.1 Products liability· occurrence ..
18.2 Products liability· claims-made ..
19.1, 19.2 Private passenger auto liability ..
19.3, 19.4 Commercial auto liability
21.
22.
23.
24.
26.
27.
28.
29.
30.
31.
32.
33.
Auto physical damage ..
Aircraft (all perils) ..
Fidelity ..
Surety ..
Burglary and theft ..
Boiler and machinery
Credit ....... .
Intemational ...................... .
Warranty ..
Reinsurance· nonproportional assumed property
Reinsurance - nonproportional assumed liability ..
Reinsurance· nonproportional assumed
PART lA - RECAPITULATION OF ALL PREMIUMS 123
Amount Unearned (Running One Year or Less f(o~ .~ate
of Policy) lal
., ...... 296,279
......... 287,865
., ............. 802
Amount Unearned (Running More Than
One Year Irom Earned But UnbHled Date of Poli~v\'i~\ Premium
4 Reserve for Rate
Cre<flts and Retrospective
Adjustments Based on EXnArience
5
Total Reserve for Unearned Premiums Cols.1 +2+3+4
..... .. ........... .296,279
.................... .287,865
. .... 0
. .......................... , ... 0
. ... 0
.., .. 0
, ... 0
... . ...................... 802
, .................. , ....... 0
. ....... ,., ... , ............... 0
. ..... , .... , .. ............. , .. 0
. ... 0
. ... 0
. .... 0
. ... 0
., .. 0
.0
..,.0
................... , ....... 0
.... 0
. ... 0
. .. ,0
.. . ..................... , .. 0
.. 0
.. ,.0
. ... 0
o . ... 0
. ... 0
. ... 0
. ... 0
. ........................... 0
.... 0
. ................... , ..... D
financial lines .. . ... 0
34.
35.
Aggregate write-ins for other lines of business ~ _____ -,0c.j.. ______ ~0+-______ !!0+ ______ ~0+ ______ ,,-0
TOTALS 584,945 0 0 0 584,945
36. Accrued retrospective premiums based on experience ...
37.
38.
3401.
3402.
3403.
3498.
3499.
Earned but unbilled premiums ..
Balance 'Sum of Line 35 throunh 371
DETAilS OF WRITE-INS
Summary 01 remaining write·ins for Line 34 from overflow page ..
Totals (Lines 3401 thru 3403 plus 3498)(Une 34 above'
(a) State here basis of computation used in each case Actua I
.. ,., .. 0
o
584,945
......... , ......... 0 ............ , .... , ... , .... 0 .... , ......... 0 . ... 0
o o o o
7
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
UNDERWRITING AND INVESTMENT EXHIBIT PART 1 B· PREMIUMS WRIDEN
Reinsurance Assumed 2 3
line 01 Business Direct Business (a) From Affiliates From Non-Affiliates
1.
2.
3.
4.
5.
6.
8.
Fire.
Allied lines __ _
Farmowners multiple perH ..
Homeowners multiple peril ..
Commercial multiple peril ..
Mortgage guaranty ..
Ocean marine_
.................... 653,280
........ 622.149
............................ 0
. .............................. 0
........................ 0
............................... 0
............................... 0
9. Inland marine .......................................................... ..1 ,845
10. Financial guaranty ..
11.1 Medical professional liability -occurrence
11.2 Medical professionalliabillty . claims-made _
Earthquake ............................. .
............................ 0
..................... 0 12.
13.
14.
Group accident and health ........................... ___ 0
15.
16.
Credit accident and health (group and individual) __ . . .............................. 0
Other accident and health _. .............. 0
Workers' compensation ................................................... 0
17.1 Other liability· occurrence ........................... 0
.............................. 0 17.2 Other liability - claims-made .
17.3 Excess workers' compensation .. ....................... 0
18.1 Products liability - occurrence .....
18.2 Products liability - claims-made ..
19.1, 19.2 Private passenger auto liability . ..................................... 0
19.3, 19.4 Commercial auto liability .. ................... 0
21.
22.
23.
24.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
3401.
3402.
3403.
3498.
Auto physical damage ._ _ ............................... 0
Aircraft (all perils).. _. __ ... _ ..................... _0
Fidelity .............................................................................. 0
Surety ..
Burglary and theft ..
Boiler and machinery ..
.......... 0
........................ 0
. .............................. 0
Credit ................................................................................. 0
International
Warranty _. _
Reinsurance - nonproportional assumed property __ ...
Reinsurance· nonproportional
............................... 0
. ...... xxx
assumed liability ........................................... XXX ..... .
Reinsurance - nonproportional assumed linancial lines ......... .
Aggregate write-ins lor other lines of business ..
TOTALS
DETAILS OF WRITE-INS
. ............ xxx .. .
o 1,277,274
o o o o
Reinsurance Ceded 4 5
To Affiliates To Non-Affiliates
6 Net Premiums
Written Cols.l+2+3-4-5
................... 121,779 .................. 531,501
o o
.. 121,779 .................... 500,389
o 243,556
. ........................... 0
........................ 0
. ......................... 0
. .............................. 0
. .. 0
. ................... .1,845
... .0
....... 0
. ............. 0
.....0
. .............................. 0
........ 0
............................... 0
. .... 0
. ................... 0
...0
.............................. 0
. .. 0
. .............................. 0
. ........... 0
........................... 0
............................... 0
. .............................. 0
. ........ 0
. .... .. 0
. .............................. 0
............................... 0
. ................ 0
. ............... 0
. .............................. 0
............................... 0
. .. 0
. ................... 0
o 1,033.116
Summary 01 remaining write-ins for Line 34 from overtlow page._ ................ . .0 ......................... 0 ............................... 0 ............................... 0 ........................... 0.. . .......... 0
3499. Totals (Unes 3401 thru 3403 plus 349B)(Une 34 above) o o
(a) Does the company's direct premiums written include premiums recorded on an installment basis?
If yes: 1. The amount of such installment premiums $
o o Yes I No I X I
2. Amount at which such installment premiums would have been reported had they been reported on an annualized basis $
8
o o
1. 2. 3. 4. 5. 6. 8. 9.
'0. 11.1 11.2
'2. '3. '4. '5. '6. 17.1 17.2 17.3
0 18.1 18.2
19.1,19.2 19.3,19.4
2'. 22. 23. 24. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35.
3401. 3402. 3403. 3498. 3499.
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
UNDERWRITING AND INVESTMENT EXHIBIT PART 2 .. LOSSES PAID AND INCURRED
Losses Paid Less Salvage 2 3
Une of Business Fire .. Allied lines_. Farmowners multiple peril Homeowners multiple peril ........ _ ............... . Commercial multiple peril._ Mortgage guaranty . Ocean marine ..... Inland marine .. Financial guaranty . .. _ ................ _._ ............. . Medical professional liability - occurrence ..
Direct Business .......... 169.581 ........ 234,344
............... 0 ............................................................................................. 0
........ 0 ................................. 0
.......................... ......... ........ .. ................... 0 .................................. 0
................... 0
Medical professional liability - claims-made.. . ......................................... _ .. _ .......... . Earthquake.. .................... ............................. . .................... 0 Group accident and health.. .......................... ........................... ................................ . ................. 0 Credit accident and health (group and individual) .. .......................... ............................ . ........................... 0 Other accident and health .. ............................. ....................... ............................... ......... .............. . ............ 0
Reinsurance Assumed
Workers' compensation.. ..................... ............... ......................... . .................... 0 ............................ . Other liability - occurrence ................................ . .................... 0 Other liability - claims·made.. ........................... ............................ . .................................. 0 Excess workers' compensation .............................. . ............ 0 Products liability - occurrence.. . .................................................... . Products liability - claims-made ................... .................... . ............................. . Private passenger au10 liability.. . ..................................................................................................... 0 ............................ . Commercial au1a liability ............................ . ........................ '" ................ 0 Auto physical damage .................. ............................... . ... __ .............. 0 Aircraft (all perilS) ..................... . ............ 0 Fidelity .............. _ .. _............ ._ .. _ ............... 0 ................. _ .......... . Surety .. . .. _._................... .......................... . ....... 0 .................................. . Burglary and theft.. . .... _................ . ....................... . ........ _........................ . ................. _.0 Boiler and machinery .................................................. _............. ............................. . ................... 0 .. __ ._ ............... . Credit ........ __ .......... ................................ . ........ _ ................................... _. ........ . ... _ ..... 0 International .. Warranty.. . ............................ . Reinsurance· non proportional assumed property ....................... . Reinsurance - nonproportional assumed liability .. Reinsurance - nonproportional assumed financial lines .. Aggregate write-ins far other lines of business ... TOTALS DETAILS OF WRITe-INS
............................................... XXX .. ............................................ XXX
.. ....................... XXX .. .
....... 0
o 403.925
o o
Summary 01 remaining write-ins for Une 34 from overflow page Totals IUnes 3401 thru 3403 plus 3498)IUne 34 above)
.................... 0 ................................ 0 o 0
Reinsurance Recovered
......................... 13.580 .......... 208.595
o 222 .175
....................... 0 o
4
Net Payments (Cols. 1 + 2 -3 )
........... .156.001 ....................... 25.749
............ 0
............ 0
............ 0 ... 0
........................ 0 .......... 0
............ 0 ............................. 0
............ 0
......... 0
............ 0 ................................. 0
............ 0 ................................. 0
............ 0
............ 0 .............................. 0
............ 0
............ 0 ............................ D
....................... 0 ..................... .. ... 0
........... 0 .............................. 0 .................. .. ......... 0
........... 0
......... 0
........... 0 ................................ 0 ................................ 0
........... 0 ............................ 0
........... 0 o
181,750
5
Net Losses Unpaid Current Year
(Part 2A , Col. 8)
................ !18 .950
.. ............... 3.487
.. ..................... 0 .. ................ 0
.. ........................ 0
.. ....................... 0
.. ...................... 0 .. ................. 0
.. .................. 0 .. ....................... 0
............. 0 ....................... 0
.. ............................. 0 .. .................... 0
.. ....................... 0
.. ....................... 0 . ...... 0
............. 0 .................................. 0
.0 ....... 0
........................ 0 ......... 0
..................... 0 .. ........... 0
...0 . ....................... 0
.. ................ 0 .. ..................... 0
.. ............ 0 .. ..................... 0
.. ......................... 0 .. ..................... 0 .. .................... 0
.. ................................ 0 o
52.437
........... 0 ................................. 0 o 0
6
Net Losses Unpaid Prior Year
...... 15.183
...... 13.582 .................... _ ........... __ 0
............... 0 ................................. 0
............... 0 ............................. 0
... 0 .............. 0
.. 0 ...................... ...0 ............................... 0
............ 0 .. 0
............. 0
............ 0 .................. _ ........... __ .. 0
............. 0 .. 0
............ 0 ................. 0
.. ........... 0 ........................... 0
....... 0 ....... 0
.. .............................. 0 .............. 0 ............. 0 .............. 0
................................ 0 ............ 0
................................ 0 ............................... 0
....................... 0 ............. 0
o 28.744
............ 0 o
7
Losses Incurred Current Year
(Cols. 4 + 5 - 6) ..................... 189.768
................... 15.674
................... ...0 ... 0 ... 0 .0 ... 0
.......................... 0 ... 0 ... 0 ... 0 .. 0 ... 0
.............................. 0 ....................... 0
... 0
... 0 ........................... 0 ...................... 0
.0 .......... 0
................. D ..................... .. ...... 0
.0 ......... 0
.................................. 0 .......... 0 ......... 0
.................. 0 ........ 0
................ 0 ......... 0
............................ 0 ............................ 0 ........................... 0
o 205.443
.. ....... 0 o
8 Percentage 01
Losses Incurred (Col. 7, Part 2) to Premiums Earned
(Col. 4, Part 1\ ............ 35.3 ............. 3.1
......... _ .............. 0.0 .. ............ 0.0 .............. 0.0 .............. 0.0 ............. 0.0 ............. 0.0 ............ 0.0 ............. 0.0 ............. 0.0
.... 0.0 .............................. 0.0
............. 0.0
............ 0.0
. ... _ .. _ ..... 0.0 ...... 0.0
............... 0.0 ... 0.0
............ 0.0
............. 0.0 .............................. 0.0 ............................ 0.0
................. 0.0 ............ 0.0 ............. 0.0
.................. .. ...... 0.0
............................. 0.0 .. ............... 0.0
............ 0.0
............. 0.0 ... 0.0
....... 0.0 ............ 0.0
.................... 0.0 0.0
19.6
1. 2. 3. 4.
5. 6. 8. 9.
10. 11.1 11.2 12. 13. 14. 15. 16. 17.1 17.2 17.3 18.1 18.2
19.1,19.2 19.3,19.4
21. 22. 23. 24. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35.
3401. 3402. 3403. 3498. 3499.
(a) Includmg $
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
UNDERWRITING AND INVESTMENT EXHIBIT PART 2A - UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES
Re orted Losses Incurred But Not Re orted
Fire .. Allied lines .. Farmowners multiple peril .. Homeowners multiple peril ..
Line of Buslness
Commercial multiple peril ............................ . Mortgage guaranty.. .. . .............. _._ ....................................... . Ocean marine.. . .. _._._ ............... . Inland marine .. Financial guaranty .... _ .................................................. _ ................ . Medical professional liability - occurrence ................. .
Direct ............ .107.993 ............. 52.074
Medical professional liability - claims-made ............................ __ ._ ................................. . Earthquake.. ._.................... . ...................... . Group accident and health .. Credit accident and heatth (group and indMdual) .. Other accident and health .......................... . Workers' compensation ................. . Other liability - occurrence .............................. . Other liability - claims-made.. . ........... __ .............. . Excess workers' compensation .. Products liability. occurrence Products liability - daims·made._ Private passenger auto liability Commercial auto liability ... ....................... ................... . ................... . Auto physical damage ........... _.............. . .... _ .... _ ....................... . Aircratt (all perils) _.. ...................... ......................... . .. _.............. . ......... _ ...................... . Fidelity.. . ........ -._....................... . .......... ___ .. _ ............ . Surety ..................... . ............................. . Burglary and theft Boiler and machinery .................................. _ .............................................................. . Credit .. International ....... . Warranty.. ...................... . ...... _._ ........ .
... xxx .. .
... XXX .. . .... XXX ...... .
o
Reinsurance - nonproportional assumed property .. Reinsurance - nonproportional assumed liability .. Reinsurance - nonproportional assumed financial lines .. Aggregate write-ins for other lines of business .. TOTALS 160.068 DETAILS Of WRITE·INS
2 3
Reinsurance Assumed
o o
Deduct Reinsurance R ecoverabl e
......................... .63.493
....................... 48.904
o 112.398
4
Net Losses Exc1. Incurred But Not
Reported (Cols 1 +2-3'
......................... 44.500
........................ 2.170 .. .... 0
.. .................. 0 .. ... 0
................. .. .... 0
.. ........................... 0 .. .... 0 . .... 0
..................... .. .... 0 ...... 0
..................... .. ... 0 . .. 0 .. .... 0 .. ... 0
.. ................................ 0 .. .... 0 ...... 0
............................... 0 ...... 0
.................................. 0 .................... ... 0
..................... .. ... 0
........................ .. .... 0
.. ........................... 0
.. ............................. 0 .. .... 0 .. ... 0 .. .... 0
.. .............................. 0 .. ... 0 ...... 0 ...0 ...... 0
. ............................. 0 o
47.670
5
Direct ...................... 10.799
.... 5.207
.. ............ xxx .................. .. .. ...... XXX
.. ............. xxx .. . o
16.007
6
Reinsurance Assumed
o o
Summary of remaining write-ins for Line 34 from overflow page .. Totals (Lines 3401 thru 3403 plus 3498)(Line 34 above)
............... 0 ............. 0 . ............................. 0 .............................. 0 ........ 0 o
................. 0 o o o 0 o
for present value of life mdemnlty claims.
7
Reinsurance Ceded
............ £,349
............... A.890
o 11.240
............... 0 o
8
~et Losses Unpa~ tCoIs.4 +5 +6-1)
........ 48,950 ......................... 2.487
.. ......................... 0 .. ......................... 0
.. .............. 0 ... 0
.............................. 0 .. .......................... 0 .. ........................ 0 .. ......................... 0 ........................... 0
.. ......... 0 (a) ......................... 0
.. ........................... 0 (a) .......... 0
.................. 0 .. .. 0
.. ........ 0 ................. 0
............................. 0
............................ 0
........................... 0 ................. ..0
.......................... 0 ............. 0
..........................0
........................... 0
.......................... 0
........................ 0 .............. 0
. ....................... ___ 0 ........................... 0 ............................ 0
................................. 0 ........................... 0
o 52.437
9
Net Unpaid LOs~.~~justment
E.lIj.Jenses ........... 5.714
.. ....................... 2.814
o 8.528
.. ................. 0 ................................ 0 o 0
.,
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
UNDERWRITING AND INVESTMENT EXHIBIT PART 3 • EXPENSES
1. Claim adjustment services:
1.1 Direct ................ .
1.2 Aeinsurance assumed
1.3 Reinsurance ceded._
1.4 Net claim adjustment service (1.1 + 1.2 - 1.3) _, __ ..
2. Commission and brokerage:
2.1 Direct excluding contingent ......................................................... .
2.2 Reinsurance assumed, excluding contingent_
2.3 Reinsurance ceded, excluding contingent ..
2.4 Contingent· direCl._
2.5 Contingent· reinsurance assumed __
2.6 Contingent - reinsurance ceded , __
2.7 Policy and membership lees ....
loss Adjustment Exoenses
........ ..(2,9831 .
2
Other Underwriting Exoenses
3
Investment Exoenses
................... (2,9831 ...................................... 0 .................................... 0
...... 188.727
4
Tolal
. .. (2,9831
.. ....... 0
o (2,9831
..... 168,727
............. 0
.. ......................... 0
.............................. 0
........... 0
. ...... .. ..... 0
o 2.8 Net commission and brokerage (2.1 + 2.2 • 2.3 + 2.4 + 2.5 . 2.6 + 2.7) .. _ .......... .188,727 .................................... 0 ....................... 188.727
3. Allowances to managers and agents ................................................................................. . ..... 0
4. Advertising.
5. Boards, bureaus and associations ..
6. Surveys and underwriting reports
7. Audit 01 assureds' records ..
8. Salary and related items:
9.
10.
11.
8.1 Sataries .................. .
8.2 Payroll taxes ...
Employee relations and welfare ..
Insurance ..
Directors' lees
12. Travel and travelltems
Rent and rent items
Equipment ..
13.
14.
15.
16.
Cost or depreciation 01 EDP equipment and software ..
Printing and stationery ......................................... .
17. Postage, telephone and telegraph, exchange and express ..
18. Legal and auditing ..
19. Totals (Lines 3 to 18).
20. Taxes, licenses and fees:
20.1 State and local insurance taxes deducting guaranty association
credits of $ ..
20.2 Insurance department licenses and fees
20.3 Gross guaranty association assessments ..
20.4 All other (excluding lederal and foreign income and real estate) ..
20.5 Total taxes, licenses and lees (20.1 + 20.2 + 20.3 + 20.4) ..
Real estate expenses 21.
22.
23.
Real estate taxes __ ......................................................................... .
Reimbursements by uninsured plans __ .............................................. .
24. Aggregate write·ins for miscellaneous expenses ..
25. Total expenses incurred
26. Less unpaid expenses· current year ..
27. Add unpaid expenses· prior year ...... .
28. Amounts receivable relating to uninsured plans, prior year ._
29. Amounts receivable relating to uninsured plans, current year ..
30. TOTAL EXPENSES PAID (Lines 25·26 + 27·28 + 29)
DETAILS OF WRITE·INS
2401. Mi scell aneous Expense
2402.
2403.
2498. Summary 01 remaining write·ins for Line 241rom overflow page ..
2499. Totals (Lines 2401 thru 2403 plus 2498)(Line 24 above)
(a) Includes management fees of $ to affiliates and $
........ 9.287
.. ....... 6,859
.. .... 28,038
. ............ 9,287
........................ 6,859
............ 28,038
. .................. 0
........................ 42,969 ......................... B9,272 ...................... 5,927 ..................... .148,168
.. ..................... 3,427 .......................... ..7,918 ............................. 473 .................. 11 ,818
............... 1 ,046 ........................... 2,417
.. ......................... 6,688 .......................... ...15,452
.......... .... g,ne ........................ 22,590
144
................... 922
........................... 1 ,349
.. ......................... 3,608
.. ........ 2,445 ........................... 5,648 ................................... :137
........... 23.062
....................... 33,717
............. 6,430
.14,515
1,696
....... 23.204
...... .... ..9,725 ................................ 581 ............................ 4,209
................................ 492 . .... 1,137 .................................. 68
.. .............. 3,481 .......................... ...15,083
...... ...1 ,663 ........................... 3,842
. ...................... 2,326 ............................ 5,373
4,935 11,402
....... 83,458 ....................... 244,043
............................. 13,708
..................... 100
.......... 4,641
...229 .. ....................... .5,734
.................. 321 ............................ 6,019
681 17,018
.. ............. 15,672 ........................ 343.173
.............................. 13,708
.. ............................... 100
................................. 0
o . ...................... 0 ................ .13,808 .......................... 0 ............................ 13,808
.906
... ............ Bl,382
.......................... 2,094
.......... 448,672
............. 8,528 ............................ 5,063
. ........................ 6,234 .. .6,234
.......... 2, 156 .................. 2, 156
.. ................................... 0
.. ...... 2,743 .............................. 5,743
.. ........... 26,805 (al ................. 556,858
......... 3,551
. ................. 50,251 .......................... 6,305 ................... 4,On
.... 17, 142
.......................... 60,633
. ............... 0
o 123,105 449,914 27,330 600,349
.............................. 906 ................... 2,094 .......................... 2,743 ..... 5,743
....... 0 ................................. 0 ........ 0 .. ................. 0
906 2,094 2,743 5,743
to non·affiliates.
11
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
EXHIBIT OF NET INVESTMENT INCOME 1 2
Collected During Year Earned During Year 1. U.S. Government bonds (a) . 1.1 Bonds exempt from U.S. tax (a) ................. ..12,188 .................... .10,294 1 .2 Other bonds (unafliliated) .. 0. (a) .................. .73,329 .......................... 61,863 1 .3 Bonds of affiliates ............. . (a) . 2.1 Preferred stocks (unaffiliated) ...... _._. __________ ._. __ ............................................................................................................................... . (b) . 2.11 Preferred stocks of affiliates __ . __ .. _._._ .......................................... . (b) . 2.2 2.21 3. 4.
Common stocks (unaffiliated) .............................. . ...................................................................................................................... ................ 67,347 ........................ 63,656
5 6 7 8. 9.
10.
Common stocks of affiliates Mortgage loans .. Real estate Contraclloans .. Cash, cash equivalents and short-term investments ................... . Derivative instruments .. Other invested assets .. Aggregate write-ins for investment income .................................................................................................. . Total gross investment income
(e) (d) ................... 17,400 .......................... 17,400
(e) . ....... 242...... ..242 (1) .
........ 0 170,505
.. ... 0 153,455
11. 12. 13. 14.
15. 16. 17.
Investment expenses ...................................................................................................................................................................................... . (g) ................. 24,649 Investment taxes, licenses and fees, excluding federal income taxes .. Interest expense. Depreciation on real estate and other invested assets .................................................................................................................. . Aggregate write·ins for deductions from investment income ... . .................................................................. .
0901. 0902.
Total deductions (Lines 11 through 15) _ ... ___ .. __ ._ ... __ Net investment income IUne 10 minus Une 16) DETAILS OF WRITE-INS
0903. __ . ___ ._ .. _ ..... _ .. _ ............. _ ................ _ .... _._ .......... _._ ...........•. _. __ 0998. Summary of remaining write·ins for Une 9 from overflow page. 0999. Totals (Lines 0901 thru 0903 plus 0998) lLine 9 above) 1501. 1502. ...................................... ....................................................... . ...................................... .
......................... 0 o
(g) ........... 2,155 (h) ............................ . (;) .. .................. 2,011
.. ............... 0 . ........ 28,816
124,640
................ 0 o
1503. __________________ ................................................................. _.. . ..................................................................... . 1598. Summary of remaining write·ins for Line 15 from overflow page ............................................................................................................. . .................. 0 1599. Totals (Lines 1501thru 1503 plus 1598) (Line 15, above) a
(a) Includes $ ........................ 398 accrual of discount less $ ............. 9,997 amortization of premium and less $ .............. 4,533 paid for accrued interest on purchases.
(b) Includes $ ...... _ .. _ .................... accrual of discount less $ . amortization of premium and less $ _ paid for accrued dividends on purchases.
(c) Includes $ ............................. accrual of discount less $ . amortization of premium and less $ paid for accrued interest on purchases.
(d) Includes $
(e) Includes $
(Q Includes $
....... 12,000 for company's occupancy of its own buildings; and excludes $ interest on encumbrances.
. __ . accrual of discount less $ _
............................. accrual of discount less $ .
_. _______ . _. amortization of premium and less $ ........................ ..... paid for accrued interest on purchases.
amortization 01 premium.
(9) Includes $ ........ 24,649 investment expenses and $ .................... 2,156 investment taxes, licenses and fees, excluding federal income taxes, attributable to segregated and Separate Accounts.
(h) Includes $ .............................. interest on surplus notes and $ .. interest on capital notes.
(i) Includes $ ...... _ ....... _ ... 2,011 depreciation on real estate and $ depreciation on other invested assets.
1. 1.1 1.2 1.3 2.1 2.11 2.2 2.21 3. 4. 5. 6. 7. 8. 9.
10.
0901. 0902. 0903. 0998.
0999.
EXHIBIT OF CAPITAL GAINS (LOSSES)
U.S. Govemment bonds ............................... . Bonds exempt from U.S. tax Other bonds (unaffiliated) .. Bonds of affiliates .. Preferred stocks (unaffiliated) .. Prelerred stocks of affiliates .. Common stocks (unaffiliated) .. Common stocks of affiliates._ Mortgage loans .. Real estate Contract loans .................................................. . Cash, cash equivalents and short·term investments Derivative instruments ._ Other invested assets .. Aggregate write·ins lor capital gains (losses) .. Total capital Qains losses) DETAILS OF WRITE-INS
Summary of remaining write·ins for Line 9 from over1low page _. _____ .............................................. .
Tota!s (Lines 0901 thru 0903 plus 0998) (Une 9, above)
Realized Gain (Loss) On Sales or Maturitv
................................... 0
............................ 4,973
................................... 0 ............................ 0
................. 0 ........ .150,691
................................... 0
.................... 0 155,665
2
Other Realized Adjustments
.................................. 0
........................ .. ... 0
.................................. 0
................................... 0
............................... 0
..................... 0
.................................. 0
.................................. 0
.................................. 0
...................... 0 ............................... 0
o
............... 0 .................................. 0
o o
12
3
Total Realized Capital " Ga;n (Loss) ~, \Columns 1 + 2,
...0 .0
..................... 4,973 ................ 0
................................... 0
................................... 0 ........ 150,691
o ................................... 0 .. ................................. 0 .. ................................. 0 .. ................................ 0 .. ................................. 0
o .. ................................. 0
155,665
4
Change in Unreali~~~ C~pital
Gain \loss} ................. 0
5
Change in Unrealized Foreign Exchange Capital Gai~ {Los~} ..
.................................. 0
......... 0 ............................... 0 .0 ................. 0
................................... 0 ................ 0
.................................. 0 .......................... 0
...................... {153,756) ................ 0 . .................... 0 ......................... ..0
................................... 0 ................................... 0 ................................ 0
..... 0 ................................... 0
(153,756)
.. ................................ 0 ...... 0
o
.. ... 0 ................................... 0 .................................. 0
o o o
.,
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
EXHIBIT OF NON-ADMITTED ASSETS
1. Bonds (Schedule D)
2. Siocks (Schedule DJ:
2.1 Preferred slocks
2.2 Common stocks
3. Mortgage loans on real estate (Schedule B):
3.1 First Hens ................. ___ ............... .
3.2 Other than first liens ...
4. Real estate (Schedule A):
4.1 Properties occupied by the company ..
4.2 Properties held for the production of income ..... ___ ._ .............. .
4.3 Properties held for sale
5. Cash (Schedule E • Part 1), cash equivalents (Schedule E - Part 2) and short·term investments (Schedule DA) ____ ............... . ........... _._ ...................................................... .
6. Contract loans ...................... .
7. Derivatives (Schedule DB)
8. Other invested assets (Schedule SA) ..
9. Receivables for securities ............ .
10. Securities lending reinvested collateral assets (Schedule Dl) ..
11. Aggregate write-ins for invested assets .................... __ . __ ............ .
12. Subtotals, cash and invested assets (Unes 1 10 11) ..
13. Title plants (for Title insurers only) ..
14. Investment income due and accrued ..
15. Premiums and considerations:
15.1 Uncollected premiums and agents' balances in the course of collection ..
15.2 Deferred premiums, agents' balances and installments booked but deferred and not yet due ....
15.3 Accrued retrospective premiums and contracts subject to redetermination ..
16. Reinsurance:
16.1 Amounts recoverable from reinsurers ...................... ______ ._ ......................... .
16.2 Funds held by or deposited with reinsured companies _.
16.3 Other amounts receivable under reinsurance contracts . __ . __ .... _ ............ .
17. Amounts receivable relating to uninsured plans ........ _. ___ .................... .
18.1 Current federal and foreign income lax recoverable and interest thereon ... _ ... _ .................... .
18.2 Net deferred tax asset ___ ................... .
19. Guaranty funds receivable or on deposit _ .................... .
20. Electronic data proceSSing equipment and software ..
21. Furniture and equipment, including health care delivery assets ..
22. Net adjustment in assets and liabilities due to foreign exchange rates ..
23. Receivables from parent, subsidiaries and affiliates
24. Health care and other amounts receivable ..
25. Aggregate write·ins for other than invested assets
26. Total assets excluding Separate Accounts, Segregated Accounts and Protected Cell Accounts (Lines 12 to 25) ................... .
27. From Separate Accounts, Segregated Accounts and Protected Cell Accounts ..
28. Total (Lines 26 and 27)
DETAILS OF WRITE-INS
2
Current Year Total Prior Year Total Nonadmitted Assets Nonadmitted Assets
3 Change in Total
NO,~admitted AS~,eIS (CoI.2-CoI.1J
.... 0
o .... 0
.0
o
. .. 0
. .. 0
... 0
. .. 0
.0
.............................. 0
... 0
. ............................................. 0
......................... 0
............. 0
.............. 354
............................. 0
.......... 354
354
. ............... 0
....... 0
....... ..1,713
....... 0
... 1,713
1,713
. ......................... 0
... 0
. .. 0
. .. 0
. .. 0
................................ 0
. .... 0
. .. 0
... 0
. .. 0
o . .. 0
..0
. .. 0
. .. 0
. .. 0
. .................... 1 ,359
..0
. .. 0
... 0
. .. 0
.... 1,359
..0
1,359
1101.
1102.
1103.
1198.
1199.
Summary of remaining write-ins for Line 11 from overflow page ..
Totals (Lines 1101 thru 1103 plus 1198)(Line 11 above)
................................................................. 0 .................................. 0 . .. 0
o 2501. Automobiles
2502.
2503.
2598. Summary of remaining write·ins for Line 25 from overflow page ..
2599. Totals (Lines 2S01lhru 2503 olus 2598)(Lioe 25 above)
13
o
............................ 0
o
o ........ 0 ... 0
. .............. 0 ............................ 0
o 0
,
NOTES TO FINANCIAL STATEMENTS
1. Summary of Significant Accounting Policies a. The accompanying financial statements of the Association have been prepared in confonnity with accounting
practices prescribed or permitted by the National Association of Insurance Commissioners and the State of Iowa, with no exceptions.
b. The preparation of the financial statements of the Association in conformity with Statutory Accounting Principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities. It also requires disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during.the period. Actual results could differ from those estimates.
c. Premiums are earned over the terms of the related insurance policies. Unearned premium reserves are established to cover the unexpired portion of premiums written. Such reserves are computed by pro rata methods for direct and ceded business.
Expenses incurred in connection with acquiring new insurance business, including such acquisition costs as sales commissions, are charged to operations as incurred.
In addition, the Association uses the following accounting policies: 1. Short-term investments are stated at amortized cost. 2. Bonds rated investment grade are stated at amortized cost, and bonds rated below investment grade are stated
at the lower of amortized cost or market value. 3. Common stocks are stated at market. 4. Preferred stocks are stated in accordance with the guidance provided in SSA? No. 32. 5. The Association has no mortgage loans. 6. The Association has no loan-backed securities. 7. The Association has no affiliated companies. 8. The Association has no interest in jOint ventures, partnerships or limited liability companies. 9. The Association holds no derivatives.
10. The Association has no anticipated investment income as a result of premium deficiency calculations. 11. Unpaid losses and loss adjustment expenses include an amount determined from individual case basis estimates
and loss reports and an amount, based on past experience, for losses incurred but not reported. Such liabilities are necessarily based on assumptions and estimates and while management believes that the amount is adequate, the ultimate liability may be in excess of or less than the amount provided. The methods for making such estimates and for establishing the resulting liability are continually reviewed and any adjustments are reflected in the period determined.
12. N/A 13. N/A
2. Accounting Changes and Corrections of Errors a. The Company had no material changes in accounting principles or corrections of errors.
3. Business Combinations and Goodwill a. N/A
b. N/A
c. N/A
4. Discontinued Operations The Association has no discontinued operations.
5. Investments a. N/A
b. N/A
c. N/A
d. N/A
e. N/A
f. Real Estate 1. N/A 2. N/A 3. N/A 4. N/A 5. N/A
g. N/A
6. Joinl Ventures, Partnerships and Limited liability Companies a. N/A
b. N/A
7. Investment Income a. Due and accrued investment Income was excluded from surplus for any amounts that are over 90 days past due.
b. The total amount excluded was $0.
8. Derivative Instruments The Company has no investments in derivative instruments.
9. Income Taxes a. N/A
b. N/A
c. Federal Income Tax incurred for 2015 was 72,606. The Association Is not subject to recording of deferred income taxes.
d. The following are among the more significant book to tax adjustments in reconciling the Federal Income Tax Rate to the Actual Effective Rate:
Provision computed at statutory rate Tax exempt income deduction Dividend received deduction Change in unearned premium Change in discounted unpaid Joss Change in unpaid loss adjusting expense Change in prepaid reinsurance PY NOL carryback received Other
Totals
Federal Income Tax Incurred Chapter 518(a) statutory differences
Total statutory income tax
Amount 205,984 (3,369)
(t2,233) (1,029)
144 (14,186) (34,000) (68,694) __ 1_1
72,606
72,606 ~ 205,984
Effective Tax Rate% 34%
(.56)% (2.02)%
(.17)% .02%
(2,34)% (5.61)%
(11,34)% 0%
11.98%
11.98% 22.02% 34%
e. 1. As of December 31, 2015, the Company did not have any operating loss carry forwards.
2. The following are income taxes incurred in the current and prior years that will be available for recovery in the event of future loss:
3. N/A
Year starting with current year 2015 2014 2013
Amount $ 72,606 $ (7,203) $ 36,438
f. The Association's Federal Income Tax return is not consolidated YoJith any other entity.
10. Information Concerning Parent, Subsidiaries, Affiliates and Other Related Parties a. N/A
b. N/A
c. N/A
d. N/A
e. N/A
f. N/A
9· N/A
h. N/A
i. N/A
j. N/A
k. N/A
I. N/A
11.Debt a. The Association has no outstanding liability for borrowed money on an operating line of credit at Bank Iowa. The
maximum borro'Ning amount on this Line of Credit is $350,000. Interest is equal to the New York Prime Rate as published in the Wall Street Journal and is required to be paid upon expiration of the note. This loan is unsecured. Interest paid during 2015 and 2014 was $0 and $0 respectively.
b. N/A
12. Retirement Plans, Deferred Compensation, Postemployment Benefits and Compensated Absences and Other Postretirement Benefit Plans a. The Association does not participate in any Defined Benefit Retirement Plans.
b. Beginning January 1, 2006, the Association's employees can elect to participate in a defined contribution SIMPLE IRA Plan sponsored by the Association. The Plan covers employees who have completed two years of eligible service and earned wages of at least $5,000. The SIMPLE IRA feature permits employees to make salary deferrals to the Plan. These deferrals are deducted from current compensation before federal income taxes are deducted. The Association has elected to make matching contributions of 3% of each participant's compensation. Employer matching contributions to the plan for the year 2015 were $3608.
c. The Association does not participate in a Multi-Employer Plan.
d. The Association has no ConsolidatedfHolding Company Plans.
e. The Association has no obligation for post employment benefits.
f. The Association has no obligation for postretirement benefits that are impacted by the Medicare Modernization Act on Postretirement Benefits.
13. Capital and Surplus, Dividend Restrictions and Quasi-Reorganizations 1. N/A 2. N/A 3. N/A 4, N/A 5, N/A
6. No restrictions have been placed on unassigned surplus funds. 7. N/A 8. N/A 9. N/A 10. The portion of unassigned funds (surplus) represented or reduced by cumulative unrealized gains (losses) is
$960,623. 11. N/A 12. N/A 13. N/A
14. Contingencies a. N/A
b. N/A
C. N/A
d. N/A
e. N/A
15. Leases a. 1. The Association leases office equipment under various non-cancelable operating lease agreements that expire
through June, 2016. Rental expense for 2015 and 2014 was approximately $2,450 and $2,450, respectively. 2. At January 1,2016, the minimum aggregate rental commitments (not including tax) are as follows:
Year Ending December 31 Operating Leases 2015 $2,304 2016 l1.1§l Total $3,456
3. The Association is not involved in any material sales leaseback transactions.
b. N/A
16. Information About Financial Instruments with Off-Balance Sheet Risk and Financial Instruments with Concentrations of Credit Risk a. N/A
17. Sale, Transfer and Servicing of Financial Assets and Extinguishments of Liabilities a. N/A
b. N/A
c. N/A
18. Gain or Loss to the Reporting Entity from Uninsured Plans and the Uninsured Portions of Partially Insured Plans a. N/A
b. N/A
c. N/A
19. Direct Premiums Written/Produced by Managing General AgentsfThird Party Administrators N/A
20. Fair Value Measurements The Company uses fair value measurements in reporting preferred and common stocks in the financial statements. The Company uses third-party pricing services (Custodial accounts, brokerage accounts and related market data) to determine the market value of the securities.
21. Other Items a. N/A
b. N/A
c. The Association elected to use rounding method in reporting amounts in the statement.
d. Based upon company experience, the Association has not made any provision for uncollectible premium. The potential for loss is not believed to be material.
e. N/A
f. N/A
g. N/A
22. Events Subsequent There have been no events occurring subsequent to the close of the books or accounts vAlich may have a material effect on the financial condition of the Association.
23. Reinsurance a. At December 31. 2015, the Association has an unsecured aggregate recoverable for unpaid losses in the amount of
$125,853, due from Grinnell Mutual Reinsurance Company, NAIC #14117, FEIN 42-0245990.
b. N/A
c. N/A
d. N/A
e. N/A
f. N/A
g. NfA
24. Retrospectively Rated Contracts & Contracts Subject to Redetermination NfA
25. Change in Incurred Losses and Loss Adjustment Expenses There have been no changes in the provision for incurred loss and loss adjustment expenses attributable to insured events of prior years.
26. Intercompany Pooling Arrangements NfA
27. Structured Settlements a. N/A
b. N/A
28. Health Care Receivables a. N/A
b. N/A
29. Participating Policies N/A
30. Premium Deficiency Reserves NfA
31. High Deductible. NfA
32. Discounting of Liabilities for Unpaid Losses or Unpaid Loss Adjustment Expenses NfA
33. Asbestos/Environment Reserves Nfl A
34. Subscriber Savings Accounts NfA
35. Multiple Peril Crop Insurance NfA
36. Financial Guaranty Insurance NfA
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
GENERAL INTERROGATORIES PART 1 - COMMON INTERROGATORIES
GENERAL
1.1 Is the reporting entity a member of an Insurance Holding Company System consisting of two or more affiliated persons, one or more of which is an insurer? __ _ _ .. _ ....................................................................... ______ ........................................................................ .
II yes, complete Schedule Y, Parts 1, lA and 2
1.2 If yes, did the reporting entity register and file with its domiciliary State Insurance Commissioner. Director or Superintendent, or with such regulatory official of the state of domicile of the principal insurer in the Holding Company System. a registration statement providing disclosure substantially similar to the standards adopted by the National Association of Insurance Commissioners (NAtC) in its Model Insurance Holding Company System Regulatory Act and model regulations pertaining thereto, or is the reporting entity
Yes I I No I X I
subject to standards and disclosure requirements substantiaUy similar to those required by such Act and regulations? .. Yes [ J No [ J N/A [ X J
1.3 State Regulating? . _ ... _ ........... _ ........................................................ _______ ._._._ .......................... .
2.1 Has any change been made during the year of this statement in the charter, by-laws, articles of incorporation, or deed of settlement of the reporting entity? ______ .. _............................ . __ ...... _ ................................... .
2.2 If yes, date of change: ................................. ___ . _______ ._ ............................ .
3.1 State as of what date the latest financial examination of the reporting entity was made or is being made •..
3.2 State the as of date that the latest financial examination report became available from either the state of domicile or the reporting entity. This date should be the date of the examined balance sheet and not the date the report was completed or released ..... .
3.3 State as of what dale the latest financial examination report became available to other states or the public from either the state 01 domicile or the reporting entity. This is the release date or completion date of the examination report and not the date 01 the examination (balance sheet date). ... __ .......................................... .
3.4 By what department or departments? Iowa Insurance Divivsion .
3.5 Have all financial statement adjustments within the latest financial examination report been accounted for in a subsequent financial
Yes I X I No I
0512112015
12/3112012
12/31/2012
11/15/2013
statement filed with Departments? .................................... ____________ ................................... . YeslXINol Nil I
3.6 Have all of the recommendations within the latest financial examination report been complied with? ................................................... . Yes I X I No I Nil I
4.1 During the period covered by this statement, did any agent, broker, sales representative, non·affiliated sales/service organization or any combination thereof under common control (other than salaried employees olthe reporting entity), receive credit or commissions for or control a substantial part (more than 20 percent of any major line of business measured on direct premiums) of:
4.11 sales of new business? ................................... . 4.12 renewals? ..................... .
4.2 During the period covered by this statement, did any sales/service organization owned in whole or in part by the reporting entity or an affiliate, receive credit or commissions for or control a substantial part (more than 20 percent of any major line of business measured on direct premiums) of:
4.21 sales of new business? .. 4.22 renewals?
5.1 Has the reporting entity been a party to a merger or consolidation during the period covered by this statement? ..
5.2 If yes, provide the name of the entity, NAIC Company Code, and state of domicile (use two letter state abbreviation) for any entity that has ceased to exist as a result of the merger or consolidation.
2 3 Name of Enti NAIC Com n Code State of Domicile
6.1 Has the reporting entity had any Certificates of Authority, licenses or registrations (including corporate registration, if applicable) suspended or revoked by any governmental entity during the reporting period? _.
6.2 If yes, give full information:
7.1 Does any foreign (non-United States) person or entily directty or indirectly control 10% or more 01 the reporting entity? ._ ..
7.2 11 yes,
Yes I X I No I Yes I X J No I
Yes Yes
Yes I
No I X I No I X I
No I X J
Yes I I No I X I
Yes I I No I X I
7.21 State the percentage of loreign control; _ . __ .. _._........................... . ............................................... . .'--_____ 1 7.22 State the nationality(s) of the foreign person{s) or entity(s) or if the entity is a mutual or reciprocal, the nationality of its manager or
attomey·in-Iact; and identify the type of entity{sj (e.g., individual, corporation or government, manager or attorney in lact).
I 2
Type 01 Entity
15
I
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
GENERAL INTERROGATORIES 8.1 Is the company a subsidiary 01 a bank holding company regulated by the Federal Reserve Board? .. Yes I J No I X J 8.2 II response to 8.1 is yes, please identify the name of the bank holding company.
8.3 Is the company aHilialed with one or more banks, thrilts or securities firms? .. . ................. ___ ........................ _____ .. _........... Yes I ) No [ X I 8.4 II response to B.3 is yes, please provide below the names and location (city and slate of the main alliee) of any affiliates regulated by a federal
regulatory services agency [i.e. the Federal Reserve Board (FRB), the Office of the Comptroller of the Currency (CCC), the Federal Deposit Insurance Corporation (FDIC) and the Securities Exchange Commission (SEC)) and identify the affiliate's primary federal regulator.
1 Afliliate Name
2 Location Cit State
9. What is the name and address of the independent certified public accountant or accounting firm retained to conduct the annual audit?
10.1 Has the insurer been granted any exemptions to the prohibited non-audit services provided by the certified independent public accountant requirements as allowed in Section 7H of the Annual Financial Reporting Model Regulation (Model Audit Rule), or substantially similar state law or regulation? ." ..... ..................... . ................... .
10.2 If the response to 10.1 is yes, provide information related to this exemption:
10.3 Has the insurer been granted any exemptions related to the other requirements of the Annual Financial Reporting Model Regulalion as allowed for in Section 18A of the Model Regulation, or substantially similar state law or regulation?. ..................... . ................. .
IDA If the response to 10.3 is yes, provide information related to this exemption:
Yes I I No I X I
Yes I ) No I X )
10.5 Has the reporting entity established an Audit Committee in compliance with the domiciliary state insurance laws? 10.6 If the response to 10.5 is no or nla, please explain
Yes I ) No I ) NlA I X )
11. What is the name, address and affiliation (officer/employee 01 the reporting entity or actuary/consultant associated with an actuarial consulting firm) 01 the individual providing the statement 01 actuarial oplniorVcertification?
12.1 Does the reporting entity own any securities of a real estate holding company or otherwise hold real estate indirectly? _. 12.11 Name 01 real estate holding company ..
12.12 Number of parcels involved ..
Yes I ) No I X )
12.13 Total book/adjusted carrying value ..... . . ........................... $ ...... . 12.2 II, yes provide explanation:
13. FOR UNITED STATES BRANCHES OF ALIEN REPORTING ENTITIES ONLY: 13.1 What changes have been made during the year in the United States manager or the United States trustees of the reporting entity?
13.2 Does this statement contain all business transacted for the reporting entity through its United States Branch on risks wherever located? .. 13.3 Have there been any changes made to any of the trust indentures during the year? ........ _ .... _............... . .. .-_._ ...................... . 13A If answer to (13.3) is yes, has the domiciliary or entry state approved the changes? .. Yes I 14.1 Are the senior officers (principal executive officer, principal financial officer, principal accounting officer or controller. or persons performing
similar functions) of the reporting entity subject to a code of ethics, which includes the fonowing standards? .. (a) Honest and ethical conduct, incluCing the ethical handl"lI"Ig of actual or apparent conflicts of interest between personal and profess'lonal
relationships; (b) Full, fair, accurate, timely and understandable disclosure in the periodic reports required to be filed by the reporting entity; (c) Compliance with applicable governmental laws, rules and regulations; (d) The prompt internal reporting of violations to an appropriate person or persons identified in the code; and (e) Accountability for adherence to the code.
14.11 II the response to 14.1 is No, please explain:
14.2 Has the code 01 ethics for senior managers been amended? __ ._ . 14.21 11 the response to 14.2 is yes, provide information related to amendment{s).
14.3 Have any provisions of the code of ethics been waived for any of the specified officers? 14.31 lithe response to 14.3 is yes, provide the nature of any waiver(s).
15.1
Yes [ Yes [ ) No I
) No I ) No I ) Nil I
Yes I X ) No I
Yes I ) No [ X )
Yes I ) No I X )
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
GENERAL INTERROGATORIES
15.1 Is the reporting entity the beneficiary of a Letter 01 Credit that is unrelated to reinsurance where the issuing or confirming bank is not on the SVO Bank List? "._ _ ____ ._.................................. ___ ._ ......................... . Yes I I No I X I
15.2 If the response to 15.1 is yes, indicate the American Bankers Association (ABA) Routing Number and the name of the issuing or confirming bank of the Letter of Credit and describe the circumstances in which the Letter 01 Credit is triggered.
16.
American Bankers
Association (ABA) Routing
Number
2
Issuinn or Confirminn Bank Name
3
Circumstances Thai Can Trinner the Letter 01 Credit
BOARD OF DIRECTORS Is the purchase or sale of all investments of the reporting entity passed upon either by the board of directors or a subordinate committee
4
Amount
17.
18.
thereof? . ____ .............................. . Does the reporting entity keep a complete permanent record of the proceedings of its board of directors and aU subordinate committees thereof? .............................................................. __________________ .... _._._ ............................... .
Has the reporting entity an established procedure for disclosure to its board of directors or trustees 01 any material interest or affiliation on the part of any of its officers, directors, trustees or responsible employees that is in conflict with the oflicial duties 01 such person? ..
Yes I X I No I
Yes I X I No I
Yes I X I No I
FINANCIAL 19. Has this statement been prepared using a basis of accounting other than Statutory Accounting Principles (e.g., Generally Accepted
Accounting Prlndples)? ~ ~~ ~ ~~ ~......................... ................... Yes I No I X I 20.1 Total amount loaned during the year (inclusive of Separate Accounts, exclusive of policy loans): 20.11 To directors or other officers ................. $ .......................... .
20.12 To stockholders not officers. __ . __________ .$ _ 20.13 Trustees, supreme or grand
(Fraternal Only) ... $ . 20.2 Total amount of loans outstanding at the end of year (inclusive of Separate Accounts, exclusive of
policy loans): 20.21 To directors or other officers.. . ....... .$ .
20.22 To stockholders not officers .................. .$ . 20.23 Trustees, supreme or grand
(Fraternal Only) _ ... __ . __ . ________ .$ _ 21.1 Were any assets reported in this statement subject to a contractual obligation to transfer to another party without the liability for such
obligation being reported in the statement? .. Yes I No I X I 21.2 II yes, state the amount thereof at December 31 of the current year: 21.21 Rented from others. ... $ .............................. .
21.22 Borrowed from others. . .... $ 21.23 Leased from others ........ _ ......... _ ... _ .. _ ...... $ . 21.24 Other ........... . ....... $
22.1 Does this statement include payments for assessments as described in the Annual Statement Instructions other than guaranty fund or guaranty association assessments? .. Yes I I No [ X I
22.2 If answer is yes: 22.21 Amount paid as losses or risk adjustment $ 22.22 Amount paid as expenses ........................... $ . 22,23 Other amounts paid ..................................... $ .
23.1 Does the reporting entity report any amounts due from parent. subsidiaries or affiliates on Page 2 of this statement? _ Yes ( I No [ X I 23.2 If yes, indicate any amounts receivable from parent included in the Page 2 amount: . ___________________________ $ ...................... .
INVESTMENT
24.01 Were all the stocks, bonds and other securities owned December 31 of current year, over which the reporting entity has exclusive control, in the actual possession of the reporting entity on said date? (other than securities lending programs addressed in 24.03)_ .. Yes I X I No I
24.02 If no, give full and complete information relating thereto
24.03 For security lending programs, provide a description of the program including value for collateral and amount of loaned securities, and whether collateral is carried on or off·balance sheet (an alternative is to reference Note 17 where this information is also provided)
24.04 Does the Company's security lending program meet the requirements for a conforming program as outlined in the Risk·Based Capital Instructions? _. Yes I No I I Nil I X I
24.05 If answer to 24.04 is yes, report amount of collateral for conforming programs. . .......................................................................................... $.
24.06 If answer to 24.04 is no, report amount of collateral for other programs •.......................................................................................................................... $ ................................... .
24.07 Does your securities lending program require 102% (domestic securities) and 105% (foreign securities) from the counterparty at the outset of the contract? ..
24.08 Does the reporting entity non·admit when the collateral received from the counterparty falls below 100%?.
24.09 Does the reporting entity or the reporting entity's securities lending agent utilize the Master Securities lending Agreement (MSLA) to conduct securities lending? ..
15.2
Yes I No I N/A I X I
Yes I No I NlA I X I
Yes I I No I I Nil I X I
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
GENERAL INTERROGATORIES
24.10 For the reporting entity's security lending program state the amount of the following as December 31 of the current year:
24.101 Total fair value of reinvested collateral assets reported on Schedule DL, Parts 1 and 2 .... _.................... . .. _____ ........ $ 24.102 T alai book adjusted/carrying value of reinvested collateral assets reported on Schedule DL, Parts 1 and 2 ..................... $ 24.103 Total payable for securities lending reported on the liability page .... _._ .. _.............. . ........... _ .. _____ ................................... _.$
25.1 Were any 01 the stocks, bonds or other assets of the reporting entity owned at December 31 of the currenl year not exclusively under the control 01 the reporting entity, or has the reporting entity sold or transferred any assets subject to a put option contract that is currently in
............................ 0 ........................ 0
............................... 0
force? (Exclude securities subject to Interrogatory 21.1 and 24.03) .......... ....................... . ........................................... . Yes I I No I X I
25.2 II yes, state the amounllhereol at December 31 01 the current year: 25.2 t Subject to repurchase agreements ............................. $ . 25.22 Subject to reverse repurchase agreements ............ $ .................. . 25.23 Subject to dollar repurchase agreements ............... .$ 25.24 Subject to reverse dollar repurchase agreements ...... $ .. 25.25 Placed under option agreements.. _ ... _ ........ $ .. 25.26 Lener stock or securilies restricted as to sale·
excluding FHLB Capital Stock _____ ............................ .$ .. 25.27 FHLB Capital Stock ...... __ . _ .. _.................... . ......... $ . 25.28 On deposit with states ____ ...... _ ............................... : ..... $ . 25.29 On deposit with other regulatory bodies .................... _. ,$ . ___ . _._ ... _ ....................... . 25.30 Pledged as collateral· excluding collateral pledged to
an FHLB ............................. _. ______ .............................. $ . 25.31 Pledged as collateral to FHLB· including assets
backing funding agreements .................. _ .. _$ _ .. _ .... _ ................... . 25.32 Other .. _ __$ ..................... .
25.3 For category (25.26) provide the fo!!owing:
Nature of Restriction
26.1 Does the reporting entity have any hedging transactions reported on Schedule DB? ..
2 Oescri tion
3 Amount
Yes I I No I X I
26.2 If yes, has a comprehensive description of the hedging program been made available to the domiciliary state? .. . ......................... Yes I I No I I Nil I X I If no, attach a description with this statement.
27.1 Were any preferred stocks or bonds owned as of December 31 of the current year mandatorily convertible into equity, or, at the option of the issuer, convertible into equity? .. ._ .................................................. ____ ... _ .. _ ... _ ..................... . Yes I I No I X I
27.2 If yes, state the amount thereof at December 31 of the current year ......................... . . ................... $ ...... .
28. Excluding items in Schedule E . Part 3 - Special Deposits, real estate, mortgage loans and investments held physically in the reporting entity's offices, vaults or safety deposit boxes, were all stocks, bonds and other securities, owned throughout the current year held pursuant to a custodial agreement with a qualified bank or trust company in accordance with Section 1. III· General Examination Considerations, F. Outsourcing of Critical Functions. Custodial or Safekeeping Agreements of the NArc Financial Condition Examiners Handbook?_ . Yes [ x: J No [
28.01 For agreements that comply with the requirements of the NAIC Financial Condition Examiners Handbook, complete the following:
Name of Custodian s 2
Custodian's Address
28.02 For all agreements that do not comply with the requirements of the NAIC Financial Condition Examiners Handbook, provide the name, location and a complete explanation:
3 1 Name(sl
2 Location(s) Complete EXDlanationrsl
COIlVTIerce Bank, N.A. __ . __ ........................ . 1000 Walnut 5t , Kansas City, MO 64106.
28.03 Have there been any changes, including name changes, in the custodian(s) identified in 28.01 during the current year? .. _ ............................. . 28.04 If yes, give full and complete information re!ating thereto:
2 Old Custodian New Custodian
3 Date of Chan e
4 Reason
28.05 Identify a1l investment advisors, brokers/dealers or individuals acting on behalf of brokers/dealers that have access to the investment accounts, handle securities and have authority to make investments on behall of the reporting entity:
Central Registrati~,~, Deoositorv NumberlS}
731250 .
2
Name Dan Lindstrom ....... __ . ____ .. _ ....................... .
3
Address Omaha, tI: .
15,3
Yes I I No I X I
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
GENERAL INTERROGATORIES
29.1 Does the reporting entity have any diversified mutual funds reported in Schedule 0, Part 2 (diversified according to the Securities and Exchange Commission (SEC) in the Investment Company Act of 1940 [Section 5(b)(1»))?
29.2 If yes, complete the following schedule:
1
I 2
CUSIP# Name 01 Mutual Fund 29.2999 - Total
29.3 For each mutual lund listed in the lable above, complete the following schedule:
1 2 3 Amount of Mutual
Yes I X I No I
3 Book/Adjusted Carrying-Value
0
4
Fund's Book/Adjusted Carrying Value
Name of Significant Holding of the Attributable to the Name 01 Mutual Fund trom above tablel Mutual Fund Holdina
......... ........... _-----..................... . ............
30. Provide the following information for all short-term and long-term bonds and all preferred stocks. Do not substitute amortized value or statement value for fair value.
30.1 Bonds 30.2 Prelerred stocks 30.3 Totals
30.4 Describe the sources or methods utilized in determining the fair values:
Statement (Admitted) Value
............2.088.144
................................. 0 2.088.144
2
Fair Value
..... .2.295.962
2.295.962
31.1 Was the rate used to calculate fair value determined by a broker or custodian for any of the securities in Schedule D? ..
3 Excess of Statement over Fair Value (-), or
Fair Value over Statement (+)
.................... 207.818 .0
207.818
Date 01 Valuation
Yes I X I No I
31.2 If the answer to 31.1 is yes, does the reporting entity have a copy of the broker's or custodian'S pricing policy (hard copy or electronic copy) for all beok." o<custodians usad as a peicing soueea? ...... ........................ Yes I X I No I
31.3 If the answer to 31.2 is no, describe the reporting entity's process for determining a reliable pricing source for purposes of disclosure of lair value lor Schedule 0:
32.1 Have all the filing requirements of the Purposes and Procedures Manual of the NAIC Investment Analysis Office been followed? 32.2 If no, list exceptions:
15.4
YeslXINoI
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
GENERAL INTERROGATORIES
OTHER
33.1 Amount of payments to trade associations, service organizations and statistical or rating bureaus, if any? .... _ ................. . . .......................... $.....................£,859
33.2 list the name of the organization and the amount paid if any such payment represented 25% or more of the lotal payments to trade associations, service organizations and statistical or rating bureaus during the period covered by this statement.
Name Amount Paid
1 2 I 34.1 Amount of payments for legal expenses, if any? ............................. $ ............................ 992
34.2 List the name of the firm and the amount paid if any such payment represented 25% or more of the total payments for legal expenses during the period covered by this statement.
1 Name
Bradshaw. Fowler, Proctor, & Fairgrave. p.e .......................... .
2 Amount Paid
............................ 992
35.1 Amount of payments lor expenditures in connection with matters before legislative bodies, officers or departments 01 government, jf any? ........... $ .
35.2 List the name of the firm and the amount paid if any such payment represented 25% or more of the total payment expenditures in connection with matters before legislative bodies, officers or departments 01 government during the period covered by this statement.
L Name mJ
15,5
. .. 0
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
GENERAL INTERROGATORIES PART 2· PROPERTY AND CASUALTY INTERROGATORIES
1.1 Does the reporting entity have any direct Medicare Supplement Insurance in force? Yes I J No J X J
1.2 II yes, indicate premium earned on U. S. business only ...... . ~~~.~~~~.~.~~.~. ~ ... ~ ... ~ ~~ ~ ~~~~.~~~~.~.~~ .~~ ... ~ .. ~.S ____ _
1.3 What portion of Item (1.2) is not reported on the Medicare Supplemenllnsurance Experience Exhibit? ........................... ____ .' ....................... ___ .. ____ .$ _______ _ 1.31 Reason for excluding
1.4 Indicate amount of earned premium attributable to Canadian and/or Other Alien not included in Item (1.2) above ...... ___ ... _ ............ . .~ .... ~. ~ ~~~$ -----
1.5 Indicate tolal incurred claims on alt Medicare Supplement Insurance .. .~.~~~~.~ .. ~ .... $ _____ "-0
1.6 Individual policies:
1.7 Group policies:
Most current three years: 1.61 Total premium earned .. 1.62 Total incurred claims .. 1 .63 Number of covered lives ..
~~.~ .... ~. ~$
. ... ~ .... ~ .... $
All years prior to most current three years 1.64 Total premium earned ........ .. ............. $ . 1.65 Total incurred claims.. .. ... $ . 1.66 Number 01 covered lives ..
Most current three years: 1.71 Total premium earned 1.72 Total incurred claims .. 1.73 Number of covered Jives ..
~.~.~~.~ .... $ .
~ ~~~~.~.~~~~.$
All years prior to most current three years
.. 0
.~.O
~ .. O
~O
~~.O
o
.~~O
o ~. ~O
1.74 Total premium earned ............ $ ....... _._ ......................... 0
1.75 Total incurred claims. .. ............. $ ............................... 0
2. Health Test:
2.1 Premium Numerator
2.2 2.3
2.4
2.5 2~6
Premium Denominator. Premium Ratio (2.1/2.2) .. Reserve Numerator .................................. __ .............. .. Reserve Denominator __ Reserve Ratio (2.412.5) ..
3.1 Does the reporting entity issue both participating and non'participating policies? ..
3.2 If yes, state the amount of calendar year premiums written on:
For mutual reporting Entities and Reciprocal Exchanges Only:
1.76 Number 01 covered lives ..
Current Year 2
PriorYear
.~.~.~~.~~~~~~.~~~ 1,045, 649 ~~~~.~~.~ .. ~ ..... ~ 1 ,099,572 ~.~.~~ .. ~~ ... . ~.D. 000 ~~.~~~~.~~~~.~.~~~~.~~~~.~D. 000
~ ... ~~.O ~~.~.~ .~ .. ~ ~~~~~~~~~.~.~~O
.. ~ ..... ~~ ~~~.~~645,910 .... 675,874 .... ~ .... ~ ....... D.OOO ~ ~~.~~~~.~.~~.~.~~~~.~~~D.OOO
3.21 Participating policies .. 3.22 Non-participating policies '- .
~ ... ~ .... ~ .... O
Yes I J No I X J
. .~. ~.~~~~.$ .~~~~.~~~~.~.~~. ~.~~~~.~.
~ ~.~~~~.~~~~.~.$
4~
4.1 4.2 4~3
4.4
Does the reporting entity issue assessable policies? __ Yes [ No J X I No I J Does the reporting entity issue non·assessable policies? .. ................................... Yes [ X J
If assessable policies are issued, what is the extent of the contingent liability 01 the policyholders? .. _________ ...................................................... % _______ _ Total amount 01 assessments paid or ordered to be paid during the year on deposit notes or contingent premiums.. .. .............. $ _______ _
For Reciprocal Exchanges Only: 5. 5.1 Does the Exchange appoint local agents? _________ ................. . 5.2 If yes, is the commission paid:
5.21 Out of Attorney's·in-Iact compensation ... 5.22 As a direct expense 01 the exchange __ _
5.3 What expenses of the Exchange are not paid out of the compensation 01 the Attorney-in-fact?
5.4 Has any Attorney·in-fact compensation, contingent on fulfillment 01 certain conditions, been deferred?. '-________ .. _ ............................. ..
5.5 If yes, give full information
16
Yes [ Yes [
Yes I
No I No J
Yes (
J No I
Nil I X J Nil I J
J No J
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
6.1
6.2
6.3
GENERAL INTERROGATORIES PART 2· PROPERTY AND CASUALTY INTERROGATORIES
What provision has this reporflng entity made to protect itself from an excessive loss in the event of a catastrophe under a workers' compensation contract issued without limit of loss?
NIA .......................... .
Describe the method used to estimate this reporting entity's probable maximum insurance loss, and identify the type of insured exposures comprising that probable maximum loss, the locations of concentrations of those exposures and the external resources (such as consulting firms or computer software models), if any, used in the estimation process.
What provision has this reporting entity made (such as a catastrophic reinsurance program) to protect itseilirom an excessive IOS5 arising from the types and concentrations of insured exposures comprising its probable maximum property insurance loss?
6,4 Does the reporting entity carry catastrophe reinsurance protection for at least one reinstatement, in an amount sufficient to cover its estimated probable maximum loss attributable to a single loss event or occurrence? ., _ ........................... ..
6.5 II no, describe any arrangements or mechanisms employed by the reporting entity to supplement its catastrophe reinsurance program or to hedge its exposure to unreinsured catastrophic loss.
7.1 Has this reporting entity reinsured any risk with any other entity under a quota share reinsurance contract that includes a provision that would limit the reinsurer's losses below the slated quota share percentage (e.g., a deductible, a loss ratio corridor, a loss ratio cap. an aggregate limit or any s'lmilar provisions)?.. . ................. ..
7,2 If yes, indicate the number of reinsurance contracts containing such provisions:.
7.3 If yes, does the amount 01 reinsurance credit taken reflect the reduction in quota share coverage caused by any applicable limiting provision{s)? ........................ _.................. ............... .................. .......... . . ....................... . .................. .
8.1 Has th'ls reporting entity reinsured any risk wHh any other ent'lty and agreed to release such entity from liability, 'In whole or in part, from any loss that may occur on this risk, or portion thereof, reinsured? ........ _ .... _.......... ................ ................... . ................... .
8.2 II yes, give full information
9,1 Has the reporting entity ceded any risk under any reinsurance contract (or under multiple contracts with the same reinsurer or its affiliates) for which during the period covered by the statement: (i) it recorded a positive or negative undelWfiflng result greater than 5% of prior year-end surplus as regards policyholders or it reported calendar year written premium ceded or year·end loss and loss expense reserves ceded greater than 5% of prior year-end surplus as regards policyholders; (ii) it accounted for thaI contract as reinsurance and not as a deposit; and (iii) the contract{s) contain one or more of the following features or other features that would have similar results:
(a) A contract term longer than two years and the contract is noncancellable by the reporting entity during the contract term; (b) A limited or conditional cancellation provision under which cancellation triggers an obligation by the reporting entity, or an affiliate of the
reporting entity, to enter into a new reinsurance contract with the reinsurer, or an affiliate of the reinsurer; (c) Aggregate stop loss reinsurance coverage; (d) A unilateral right by either party (or both parties) to commute the reinsurance contract, whether conditional or not, except for such
provisions which are only triggered by a decline in the credit status of the other party; (e) A provision permitting reporting of losses, or payment of losses, less frequently than on a quarterly basis (unless there is no activity during
the period); or (I) Payment schedule, accumulating retentions from multiple years or any features inherently designed to delay timing of the reimbursement to
the ceding entity, ......... _ .... _ .................. .
9.2 Has the reporting entity during the period covered by the statement ceded any risk under any reinsurance contract (or under multiple contracts with the same reinsurer or its affiliates), for which, during the period covered by the statement, it recorded a positive or negative underwriting result greater than 5% of prior year-end surplus as regards policyholders or it reported calendar year written premium ceded or year·end loss and loss expense reserves ceded greater than 5% of prior year·end surplus as regards policyholders; excluding cessions to approved pooling arrangements or to captive insurance companies thaI are directly or indirectly contrOlling, controlled by, or under common control with (i) one or more unalliliated policyholders of the reporting entity, or (ii) an association of which one or more unaffiliated policyholders of the reporting entity is a member where:
(a) The written premium ceded to the reinsurer by the reporting entity or its affiliates represents fifty percent (50%) or more of the entire direct and assumed premium written by the reinsurer based on its most recenlly available financial statement; or
(b) Twenty·five percent (25%) or more of the written premium ceded to the reinsurer has been retroceded back to the reporting entity or its affiliates in a separate reinsurance contract. ..
9.3 If yes to 9.1 or 9.2, please provide the following information in the Reinsurance Summary Supplemental Filing for General Interrogatory 9: (a) The aggregate financial statement impact gross of all such ceded reinsurance contracts on the balance sheet and statement of income; (b) A summary of the reinsurance contract terms and indicate whether it applies to the contracts meeting the criteria in 9.1 or 9.2; and (c) A brief discussion of management's principle objectives 'In entering into the reinsurance contract inclucflOg the economic purpose to be
achieved.
9,4 Except for transactions meeting the requirements of paragraph 32 of SSAP No. 62R, Property and Casualty Reinsurance, has the reporting entity ceded any risk under any reinsurance contract (or multiple contracts with the same reinsurer or its affiliates) during the period covered by the financial statement, and either:
(a) Accounted for that contract as reinsurance (either prospective or retroactive) under statutory accounting principles ("SAP") and as a deposit under generally accepted accounting principles (~GAAP"); or
(b) Accounted for that contract as reinsurance under GAAP and as a deposit under SAP? ..
9.5 11 yes to 9.4, explain in the Reinsurance Summary Supplemental Filing lor Generallnterrogalory 9 (Section D) why the contract(s) is treated differently for GAAP and SAP.
9.6 The reporting entity is exempt from the Reinsurance Attestation Supplement under one or more of the following criteria:
Yes I X I No [
Yes I No [ X I
Yes [ I No I
Yes I I No [ X I
Yes [ I No [ X I
Yes [ I No I X I
Yes [ I No I X I
(a) The entity does not utilize reinsurance; or,.. .................... .. _ ........................ . _ ... _ ..................... Yes r N() [ X I (b) The entity only engages in a 100% quota share contract with an affiliate and the affiliated or lead company has filed an attestation
supplemenl; or. ........... . . ............ ..... ....................... .. ................ .. ................... .. ....................... Yes [ No I X I (c) The entity has no external cessions and only participates in an intercompany pool and the affiliated or lead company has filed an
attestation supplement. . . ................................................................... _ ................................... _.. ............. Yes [ No [ X I 10. If the reporting entity has assumed risks from another entity, there should be charged on account of such reinsurances a reserve equal
to that which the original entity would have been required to charge had it retained the risks. Has this been done? .... Yes [ I No lIN/A [ X I
16.1
•
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
GENERAL INTERROGATORIES PART 2· PROPERTY AND CASUALTY INTERROGATORIES
11.1 Has the reporting entity guaranteed policies issued by any other entity and now in force? ....................................................................... .
11.2 11 yes, give full information
12.1 Illhe reporting entity recorded accrued retrospective premiums on insurance contracts on Line 15.3 of the assel schedule, Page 2, stale the amount of corresponding liabilities recorded for:
Yes 1 1 No 1 I I
12.11 Unpaid losses __ ........... $ . 12.12 Unpaid underwriting expenses (including loss adjustment expenses) ...... $ ..................................... .
12.2 Of the amount on Line 15.3, Page 2, state the amount which is secured by letters of credit, collateral. and other funds __ ..................... $-----
12.3 If the reporting entity underwrites commercial insurance risks, such as workers' compensation, are premium notes or promissory notes accepted from its insureds covering unpaid premiums and/or unpaid losses? .......................... Yes I J No I J NJA I X J
12.4 If yes, provide the range of interest rates charged under such noles during the period covered by this statement:
12.41 From .. 12.42 To ...
12.5 Are letters of credit or collateral and other funds received from insureds being u1i!ized by the reporting entity to secure premium notes or promissory notes taken by a reporting entity, or to secure any of the reporting entity's reported direct unpaid loss reseNes , including unpaid losses under loss deductible features of commercial policies? ........................................................................... .
12.6 If yes, state the amount thereof at December 31 of the current year:
% %
Yes I I No I I I
12.61 Letters of credit .................................................... . .......................... $ . 12.62 Collateral and other funds ....................... . . ............................ $ .
13.1 largest net aggregate amount insured in anyone risk (excluding workers' compensation): ..................................... . . .......................................... $ ____ ''''75''',0''''00'-
13.2 Does any reinsurance contract considered in the calculation of this amount include an aggregate limit of recovery without also including a reinstatement proviSion? .. . ............................... .
13.3 State the number of reinsurance contracts (excluding individual facultative risk certificates, but including facultative programs, automatic facilities or facultative obligatory contracts) considered in the calculation of the amount. ............................... .
14.1 Is the company a cedant in a multiple cedant reinsurance contract? ......... .
t4.2 If yes, please describe the method of allocating and recording reinsurance among the cedants:
14.3 If the answer to 14.1 is yes, are the methods described in item 14.2 entirely contained in the respective multiple cedant reinsurance contracts? ._ ............................................................ .
14.4 If the answer to 14.3 is no, are all the methods described in 14.2 entirely contained in written agreements? ............................... .
14.5 If the answer to 14.4 is no, p!ease explain:
15.1 Has the reporting entity guaranteed any financed premium accounts? ._
15.2 If yes, give full information
16.1 Does the reporting entity write any warranty business? .. If yes, disclose the following information for each of the following types of warranty coverage:
16.11 Home ................................... . 16.12 Products ................................ . 16.13 Automobile .. 16.14 Other'
• Disclose type of coverage:
1 Direct losses
Incurred
2 Direct losses
Unpaid
1~ ?
3 Direct Written
Premium
4 Direct Premium
Uneamed
Yes I I Nolll
........................ 1
Yes I No 1 I I
Yes No 1
Yes No I
Yes 1 1 No 1 I I
Yes 1 I No 1 I I
5 Direct Premium
Earned
17.1
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
GENERAL INTERROGATORIES PART 2 - PROPERTY AND CASUALTY INTERROGATORIES
Does the reporting entity include amounts recoverable on unauthorized reinsurance in Schedule F • Part 3 that it excludes from Schedule F-PartS? ... ___ ............................ ______ ...................... .
Incurred but not reported losses on contracts in force prior to July 1, 1984, and not subsequently renewed are exempt from inclusion in Schedule F - Part 5. Provide the following information lor this exemption:
17.11 Gross amount 01 unauthorized reinsurance in Schedule F - Part 3 excluded
Yes [
from Schedule F • Part 5 ........... __ ._............... . ... $ . 17.12 Unfunded portion of Interrogatory 17.11 ...... __ ................... . _____ ...... $ 17.13 Paid losses and loss adjustment expenses panion of Interrogatory 17.11 .... $ 17.14 Case reserves portion of Interrogatory 17.11 ........... _.................... . .............. .$.
J No I X J
17.15 Incurred but not reported portion of Interrogatory t 7.11 .............. $ ................................. . 17,16 Unearned premium portion of Interrogatory 17.11 .. _ ... _ ... _ . .$ . 17.17 Contingent commission portion of Interrogatory 17.11 .......... _ .... $ ........................... .
Provide the following information for all other amounts included in Schedule F . P art 3 and excluded from Schedule F· Part 5, not included above.
17.18 Gross amount of unauthorized reinsurance in Schedule F· Par13 excluded from Schedule F • Part 5 _. . .............. $ .
17.19 Unfunded portion of Interrogatory 17.18.. . .............. $ 17.20 Paid losses and loss adjustment expenses portion of Interrogatory 17.18 .... $ 17.21 Case reserves portion of Interrogatory 17.18.. . .............. .$ 17.22 Incurred but not reported portion of Interrogatory 17.18 ....... $ .... _ ........................... . 17.23 Unearned premium portion of Interrogatory 17.18 ............. _ . .$ _ 17,24 Contingent commission portion of Interrogatory 17.18.. . ........ $ .
18.1 Do you act as a custodian for health savings accounts?. Yes I J No I X J
18.2 If yes, please provide the amount 01 custodial funds held as of the reporting date. . .............. $ .
18.3 Do you act as an administrator for health savings accounts? .... Yes J J No I X J
18.4 If yes, please provide the balance of funds administered as of the reporting date .......... $ ..
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
FIVE-YEAR HISTORICAL DATA Show amounts in whole doliarsanlv, no cents; show oercentaaes to one decjmal~ace, i.e. 17.6.
1.
2.
3.
Gross Premiums Written (Page 8, Part 1 B Cols. 1,2& 3)
Liability lines (Lines 11.1, 11.2, 16, 17.1, 17.2, 17.3, lB.l, 18.2, 19.1, 19.2 & 19.3. 19.4) ..
Property lines (lines 1,2, 9, 12, 21 & 26) .... _ ............ .
Property and liability combined lines (Unes 3, 4, 5, 8,22 & 27).. . ......... __ ......... . ..... ___ ........... .
4. All other tines (Unes 6, 10, 13, 14, 15, 23, 24, 28, 29,30 & 34).. . ............ _ .. _ .............. .
5. Nonproportional reinsurance lines (Lines 31,32 & 33) ..
6. T ota! (Line 35) .. Net Premiums Written (Page 8. Part IB, Col. 6)
7. Liability lines (Lines 11.1, 11.2, 16, 17.1, 17.2, 17.3, 18.1, 18.2, 19.1, 19.2 & 19.3, 19.4),
8. Property lines (Lines 1, 2, 9, 12, 21 & 26) _,
9. Property and liability combined lines (Lines 3, 4, 5, B,22&27) ..
10. All other lines (Lines 6, 10, 13, 14, 15, 23, 24, 28, 29.30 & 34) ..
11. Nonproportional reinsurance lines (Lines 31, 32 & 33).. . .......................................... .
12. Total (Une 35) ....... .
Statement 01 Income (Page 4)
13 Net undelWriting gain (loss) (Line 8) ..
14. Net investment gain or (loss) (Line 11) ....
15. Total other income (Une 15) .. 16. Dividends to policyholders (Line 17) __
123 4 5 2011 2015 2014 2013 2012
. ... 0 ............. 1,277,274
...................... 0
o . .......... 1,277,274
.. 0 .... ..... 1 ,033,716
. .................... ..0
.0
o ............... 1,033,716
............ . .. 310,152 .......... 280,304
. ................ ..15,379
............... 0 .1,329.465
. ............................ 0
. ........... 0
o .1,329,465
.......... 0
.. 1,117,103
............. 0
............. 0
o .. 1,117,103
... 1515,100) . .. 180,898
........ 45,335
.... 0 .............. 1,263,219
......................... 0
.... 0
o ........ 1,263,219
.... 0 ............... 1,064,713
... 0
.... 0
o . ..... 1,064,713
...... . ... 255,421
............... 152,383
.................... 48, 177
.............. 0 1,181.197
........................... 0
..... 0 ............. 1, 154,554
.... D
...........0 ..... 0
o 0 .. 1.181,197 ................ ','54,554
............ 0 ....... .. ............... 0 .. 1,026,973 ............ B89.1167
. ............. 0 ......... ................ 0
. ............... 0 .... 0
o 0 ....... 1 ,026,973
. .1119.490) .
.. .125,619
....... .47,414
............. 989,867
.......... .. 1616.061) ..................3,241 ...... ........ 53,743
17. Federal and foreign income taxes incurred (Line 19),f-___ --,:7::2"' 6=06;+ ___ --,,:!1:-7 ,~2;:03:!_)f__----,2:38",7438::_J------'1~2='2"', 9::8~9 )!f-___ -::"O"".", 68~8 lB. Net ;ncom, (Lin' 20).. ....... . .... ~33,229 ... (281,752) ........... .419,542 ..... 268,531 .... 1660,754)
Balance Sheet Lines (Pages 2 and 3) 19. Total admitted assets excluding protected cell
business (Page 2, Line 26, Col. 3) ..
20. Premiums and considerations (Page 2, Col. 3)
20.1 In course of collection (Une 15.1) ....
20.2 Deferred and not yet due (Line t 5.2)
20.3 Accrued retrospective premiums (Line t 5.3) ..
21. Total liabilities excluding protected cell business (Page 3, line 26) ..
22. Losses (Page 3, line 1). 23. Loss adjustment expenses (Page 3, Line 3) __ 24. Unearned prerniums (Page 3, Une 9) ..
25. Capital paid up (Page 3, Lines 30 & 31) .... 26. Surplus as regards policyholders (Page 3, Line 37) __
Cash Row (Page 5)
27. Net cash from operations (Line 11) __
Rlsk~Based Capital AnalYSis 28. Total adjusted capital .. 29. Authorized control level risk-based capital ..
Percentage Distribution 01 Cash, Cash Equivalents and Invested Assets (Page 2, Col. 3) (Line divided by Page 2, LIne 12, Col. 3) xl00.0
30. Bonds (Line 1) ..
31. Stocks (Lines 2.1 & 2.2)
32. 33.
34.
35.
Mortgage loans on real estate (Lines 3.1 and 3.2)
Real estate (Lines 4.1, 4.2 & 4.3) ..
Cash, cash equivalents and short-term investments (Line 5)
Contract loans (Line 6) .. ' 36. Derivatives (Line 7) __ 37. Other invested assets (Line 8).-
38. Receivables for securities (Line 9) .. 39. Securities lending reinvested collateral assets (Une to)... ................ .
40. Aggregate write·ins for invested assets (Une 11) ..
41. Cash, cash equivalents and invested assets (Line
............... 5,696,815
..... .1,333 . ............ ..75,017
... 0
..... ...735,194
...... ... .... 52,437 . ............ 8,528
............ 584,945 . .. 0
. ............ 4,961,621
................ 383,502
........................ 41.7
. ................... 53.5 .............. 0.0 . ................ 0.9
. ............. 3.9 ........................ 0.0 . ..................... 0.0
........... 0.0 ......................... 0.0
..................... 0.0 0.0
......... 5,280,281
......... 3, 124
. B4,648
.......... 0
.. 699,492 ..28,744
....................... 50,251 .... 596,878 ... .. ...... 0
........ .4,580, 789
... 1311.196)
.. ........................ 41.3 .......... 55.8 .......... 0.0 . . ..... 1.1
.........1.9 ..... 0.0
......... 0.0 .......... 0.0
............................ 0.0
............. 0.0 0.0
12)... . ............. .100.0.. . ..................... 100.0 Investments In Parent, Subsidiaries and Affiliates
42. Affiliated bonds (Schedule D, Summary, Une 12, CoLI)..... ___ ............... _
43. Affiliated preferred stocks (Schedule D, Summary, line 18, Col. 1) ..
44. AHiliated common stocks (Schedule D, Summary, Line 24, Col. 1)_
45. Affiliated short·term investments (subtotals included in Schedule DA Verification, Col. 5, line 10) ..
46. Alfiliated mortgage loans on real estate .... 47. All other affiliated_
48. Tota! of above Lines 42 to 47 .. 49. Total Investment in Parent included in Lines 42 to
47 above ..... 50. Percentage of investments in parent, subsidiaries
and affiliates to surplus as regards policyholders (Une 48 above divided by Page 3, Col. 1, Une 37 x 100.0)
. .. 0 .............. 0
... 0 . .............. 0
0.0 0.0
17
............... 5,383,459 .... ....... .4.437,383 ........... 3,921,373
................ 17,390 ........... 67,671
.... 0
............ .719,707 ..................... 60,755 ................ 5,843 ................. 579,347
.0 .............. .4,668,752
....... 32,486
....... 55,248 .... 0
...... 693,974
...... 117,260
....... 12,358
...... 538,275
................. 0
.. 3,743,413
...................... 14,373
.... . ....... 48,051 .... 0
....... . ...... 698,346
............... 58,300 .107,030
................ .492.338 .... 0
.............. 3,223,027
......... 338,485 ....................... 261,784 ................ (692,409)
.................... 39.7 ........... 49.8 .................... 0.0 .................... 1.1
............. 9.4 ......................... 0.0 .................... 0.0
.......... 0.0 .......... 0.0
... ... .............. 0.0 0.0
......... .100.0.
.......................... 0
.... 0
0.0
..............3,743.413 ..... 231 ,982
.... .49.4 ........... 42.4 ............ 0.0
. ............................. 1.3
..... 6.9 ............. 0.0 ......... 0.0
............................. 0.0 . ... 0.0
. ...... 0.0 0.0
. .... .100.0 ...
..... 3,223,027 . .................. 213,358
.. 52.5 ........................ 31.0
............ 0.0 .......................... 1.5
....................... ..15.0
.......... .. ........ 0.0 ................ 0.0
.......................... 0.0 ................... 0.0
............... .. .... 0.0 0.0
.......... .100.0 ...
.. 0
. ....................... 0
.. 0
................. 0 ......................... 0
.............. 0 ...... . . .... 0
0.0 0.0
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
FIVE-YEAR HISTORICAL DATA
Capital and Surplus Accounts (Page 4)
51. Net unrealized capital gains (losses) (Line 24) ..
52. Dividends to stockholders (Line 35) ....
53. Change in surplus as regards policyholders lor the year (Line 38) ___ . __ ._. __ .... _. __ ............................... .
Gross Losses Paid (Page 9, Part 2, Cols. 1 & 2)
54. Liabi!ily lines (Lines 11.1, 11.2, 16, 17.1, 17.2, 17.3,
1 2015
(Continued) 2
2014 3
2013 4
2012 5
2011
.(153,756) ........................ 190,934 ........................ 500,648 ................ 139,759 ........................ 102,549
. ....................... 380,832 ............... (87,962) ....................... 925,339 ....................... 520,386 ............... (639,420)
lB.l, 18.2, 19.1, 19.2 & 19.3, 19.4) ...................... __________ .0 _ ................................. 0 .... 0 ................................. 0 ..... .... .... .....0
55. Property lines (Lines 1,2,9, 12, 21 & 26) . ..... 403,925 .................... 1,796,053 ................... 358,716 ............. 1,454,927 .................... 6,009.618
56. Property and liability combined lines (Lines 3, 4, 5, 8, 22 & 27) ... ................................. 0 ................................... 0 ................................... 0 ................................... 0 .. 0
57. All other lines (Lines 6,10,13,14,15,23,24,28, 29,30 & 34) ...
58. Nonproportional reinsurance lines (Lines 31,32 & 33)
............. 0 ................................... 0 ................................ 0
o o o
........... 0 ........................... 0
o o 59. Total tUne 35) .......... _ .......... _ ..................................... . . .403,925 ........... 1,/96,053 ........................ 358,716 ................... 1,454,927 . ......... 6,009,618
Net Losses Paid (Page 9, Part 2, Col. 4)
60. Liability lines (lines 11.1, 11.2, 16, 17.1, 17.2, 17.3, 18.1, 18.2, 19.1, 19.2 & 19.3, 19.4).. . ............. _ .... _ ...... 0 ....... _ ......................... 0 ................................... 0 ................................... 0 ...................... 0
61. Property lines (lines 1,2,9, 12, 21 & 26) .. ........ 181 ,750 .. 977,491 ....................... 234,674 ........................ 502,618 .................... 1,250,739
62. Property and liability combined lines (lines 3, 4, 5, 8,22&27) ................................ . . .................................. 0 .................................. 0 ................................... 0 ................................... 0 ..... 0
63. All other lines (Lines 6, 10, 13, 14, 15, 23, 24, 28, 29,30 & 34).. . ................................. 0 ................................... 0 ................................... 0 ............... 0 .0
64. Nonproportional reinsurance lines (Lines 31, 32 & 33) ......................................... . o o o o o
65. Total (Line 35). . ...................................... ........................ 181.750 ........................ 977,491 ....................... 234.674 ....................... 502,618 .................... 1,250,739
Operating Percentages (Page 4) (Line divided by Page 4, Line 1) x 100.0
66. Premiums earned (Une 1) ..
67. Losses incurred (Line 2) .................. .
68. Loss expenses incurred (Line 3) ..
69. Other underwriting expenses incurred (Line 4) ..
70. Net underwriting gain (loss) (Line 8) ...
Other Percentages
71. Other underwriting expenses to net premiums written (Page 4, Lines 4 + 5 - 15 divided by Page 8, Part 18, Col. 6, Line 35 x 100.0) ...................... .
72. Losses and loss expenses incurred to premiums earned (Page 4, Lines 2 + 3 divided by Page 4, Line 1 x 100.0) ...
73. Net premiums written to policyholders' surplus (Page 8, Part 18, Col. 6, Line 35 divided by Page 3, Line 37, Col. 1 x 100.0) ..
One Year Loss Development (000 omitted)
74. Development in estimated losses and loss expenses incurred prior to current year (Schedule
.......... 100.0 ....
......... J9.6
... .7 .8
. .............. 100.0. . ....................... 100.0 ............................ 100.0 ............................. 100.0 .. .
..86.0 ........................... 17.4 ............................. 57.2 ............................. 96.1
. ............. 18.6 ............................ J5.3 ............................ 13.2 22.5
. .......................... A2.9 . . . ........... A2.3 . . . . .42.4 ....... ........ Al.7 ............................. 32.5
. ............ 29.7 ............................ (46.9) ............................. 25.0 .. (12.2) ........................... (51.1)
............................ .41.9 ............................. 37.5 ... 36.2 .................... 35.2 ............................ 34.1
. . .27.4 .. .......... ...104.6 .................. 32.7 ............. .70.5 .............. .118.6
...... 20.8 ..................... 24.4 ............................. 22.8 ...... . . ........ 27.4 ............................. 30.7
P - Part 2· Summary, Line 12, Col. 11) ................................... 0 ........................... 0 ................................... 0 ....... .. ...0 ...................... 0
75. Percent 01 development of losses and toss expenses incurred to policyholders' surplus of prior year end (Line 74 above divided by Page 4, Line 21, Col. 1 x 100.0) ... .. .0.0 .......... 0.0 .............................. 0.0
Two Year Loss Development (000 omitted)
76. Development in estimated losses and loss expenses incurred two years before the current year and prioryear (Schedule P, Part 2· Summary, Line 12, Col. 12). ................................. 0 ................................... 0 ................................... 0
77. Percent of development of losses and loss expenses incurred to reported policyholders' surplus of second prior year end (Line 76.}bove divided bv Paoe 4 Line 21 Col. 2 x 100.0j 0.0 0.0 0.0
NOTE. If a party to a merger, have the two most recent years of thiS exhibit been restated due to a merger In complrance With the disclosure requirements of SSAP No.3, Accounting Changes and Correction of Errors? ...................................................... .
If no, please explain:
18
0.0
Yes [
................. 0.0
............ 0
0.0
I No I
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
Schedule F - Part 1
NONE
Schedule F - Part 2
NONE
20, 21
'" '"
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
SCHEDULE F - PART 3 Ceded 'as of . 0 • Current' . (000 I
1 2 3 • 5 6 anee 7 8 9 1il 11
I Contracts
Ceding 75% NArC or More of Com- Direct Reinsurance Known Case
ID pany I Pr;z~~~~s pr~~;s L~:!~S . Loss r~~:e~:sS Number Code Name of 1::/, Paid LAE Reserves
II ;-. ~Nan-paal
I 099999. ot,
~"'"" "'''1 p~ .11
~ . " , " hor ~ ols 0
'99998.
~' I
Eot' , . ~Non'POOI
I
I: otal , . ~nsure",. Under' I 'er Jh I I
• I ~ I Iii otal Iii
3599998. Iln,_urers , I I I ; (U
lIota Other <on·U .s. Insurers -"-
B.Tota'
I I
'rotee ed Cells
I I ~, Fl~port the five largest I 'rates .,neluded'n thecedant's' ,!reahes. The commiSSion rate to be reported IS by contract with ceded premium In excess of $50,000:
123
1. 2. 3 .
•• 5,
Name of Reinsurer Commission Rate Ceded Premium
0
0
0 0 0 0
0 0
0
0 _0
0 0
_0
0
B. Report the five largest reinsurance recoverables reported in Column 15, due from anyone reinsurer (based on the total recoverables, Line 9999999, Column 15), the amount of ceded premium, and indicate whether the recoverables are due from an affiliated insurer.
1 2 3 4 Name of Reinsurer Total Aecoverables Ceded Premiums Aft!!.!.a1ru!
1. Grlme11 t.lIlual Reinsurance Co~any.. . ..................................... .99 ..•................•............ 244 Yes [ 1 No [X I 2. ..................... ............ ............ Yes [ 1 No [ 1 3. . .................. ................... Yes [ I No [ 1 4_ ....... _......... ...................... . Yes [ J No [ I 5_ ......... ............ Yes [ J No [ I
112 0 0 0_ -"-
11
0
0 0
0
0 11
12 13
leNR LAE Rese"es
~~earned
0 0 _0
0 0
0
0
0
0 0
I 18 19 ,. 15 16 17
Net Amount Funds Held
Other From ley ~nder Contingent Columns Ceded Amounts Reinsurers Commis- 7+~~1!4 Bpa~~~~~: Due to Cols. 15- Re+~!~:~e - slans [16 + 17]
-" 0
0 0
0 20 4 0 0_ 0 0
0 0 0
0
0
0
0 0
0 0
0
.Q. 0
0 12 20 4
_0
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
Schedule F - Part 4
NONE
Schedule F - Part 5
NONE
Schedule F - Part 5 - Bank Footnote
NONE
Schedule F - Part 6 - Section 1 - Provision for Reinsurance Ceded to Certified Reinsurers
NONE
Schedule F - Part 6 - Section 1 - Bank Footnote
NONE
Schedule F - Part 6 - Section 2 - Provision for Overdue Reinsurance Ceded to Certified Reinsurers
NONE
Schedule F - Part 7 - Provision for Overdue Authorized Reinsurance
NONE
Schedule F - Part 8 - Provision for Overdue Reinsurance
NONE
23.24.25.26.27.28
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
SCHEDULE F - PART 9 Restatement of Balance Sheet to Identify Net Credit for Reinsurance
ASSETS (Page 2, Col. 3)
1 As Reported
(Net o( Ceded\
1. Cash and invested assets (Une 12) .. ............. ............................. 5,468,510
2. Premiums and considerations (Une 15) ............ __ ........... . ............... .... ..76,350
3. Reinsurance recoverable on loss and loss adjustment expense payments (line 16.1) .. .............................. 0
4. Funds held by or deposited with reinsured companies (line 16.2) ............... 0
5. Other assets . ..................... .131,955
6. Net amount recoverable from reinsurers .......... _. __ ._ ................................. __ ................... .
7. Protected cell assets (Une 27) .. o
8. Totals (Line 28) .. 5,696,815
LIABILITIES (Page 3)
2 Restatement Adiustments
3 Reslated
~Gross of Cede!i)
.... ........... 5,488,510
....................... 76,350
.. ............................. 0
....................... 0
.. ........... .131,955
....................... .99,225 ....................... .99,225
o
99,225 5,796,040
9. Losses and loss adjustment expenses (Lines 1 through 3) .. __ _ ................................................ £0,965 ................. 123,638 .................. 184,603
10. Taxes, expenses, and other obligations (lines 4 through 8) ... .. ..................... 50,516 ........ ....... 50,516
11. Unearned premiums (Line 9) ............ .584,945 . ................... .584,945
12. Advance premiums (Line 10) ..... _. ____ ................. . .. .................. 14,568 ....................... 14,568
13. Dividends declared and unpaid (Une 11.1 and 11 .2) ........................................... 0 ................................ 0
14. Ceded reinsurance premiums payable {net of ceding commissions (Line 12) .. ........ 20,053 .. .. ........... (20,053) .
15. Funds held by company under reinsurance treaties (Line 13) " ..... 0 ...... 0 .......................... 0
16. Amounts withheld or retained by company for account of others (Line 14) .. ............. 4,359 .. ......... (4,3591 ............................ 0
17. Provision for reinsurance (Une 16) .. . .............................. 0
18. Other liabilities .. ......................................... 12141. .. ................ 1214)
19. Total liabilities excluding protected cell business (line 26) .. ......................... 1-__ --'7"'35"-, ",19-,-4 t-___ "'99"',22=5 t-__ --'834=,"'41"-19
20. Protected ceilliabililies (Une 27) .. o
21. Surplus as regards policyholders (Une 37) 4,961,621 xxx 4,961,621
22. Totals (Line 38) 5,696,815 99,225 5,796,040
NOTE: Is the restatement of this exhibit the result of grossing up balances ceded to aHiliates under 100 percent reinsurance or pooling arrangements? ._ _ ............................. ___ . __ .. _................. . .. ______ .................................... _ .. ______ ... __ ................................ . Yes I 1 No [ X [
"yes, give full explanation:
29
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
SUMMARY INVESTMENT SCHEDULE
Investment Categories
1. Bonds:
1.1 U.S. treasury securities ......... ______ ._ ............. .
1.2 U.S. government agency obligations (excluding mortgage-backed securities):
1.21 Issued by U.S. government agencies
1.22 Issued by U.S. government sponsored agencies
1.3 Non-U.S. goyernment (including Canada, excluding mortgaged·backed securities) ..
1.4 Securities issued by slates, territories, and possessions and political subdivisions in the U.S. :
1.41 Slates, territories and possessions general obligations ..
1.42 Political subdivisions 01 states, territories and possessions and
Gross Investment Holdinos 1 2
Amount Percentaoe
.... . ..................... 0.000
................. 0.000
.......................... 0.000
............ 0.000
.... .49.428 ........... 0.901
political subdivisions general obligations.. . ................ ..100, 185 .... _._ .. _ ... 1.825
3
Amount
... .49.428
...... ..100.185
1 .43 Revenue and assessment obligations ................... . .JOO.252 .............. 1.827 ........ JOO.252
1.44 Industrial development and similar obligations ..
1 .5 Mortgage·backed securities (includes residential and commerdal MBS):
1.51 Pass·through securities:
1.511 Issued or guaranteed by GNMA
. ......................... 0.000
......... 0.000
1.512 Issued or guaranteed by FNMA and FHLMC . .......................................... 0.000
1.513 All other _ ............................... _._._._ .................................. __ ....... . ......... ... ........... 0.000
1.52 CMOs and REMICs:
1.521 Issued or guaranleed by GNMA, FNMA, FHLMC or VA .. .............................. 0.000
Admitted Assets as Reported in the Annual Statement
4 5 Securities Lending
Reinvested Collaleral Amount
Total (Col. 3 + 4)
Amount
..................... 0
.................. 0
................. 0
. .................... 0
........ .49.428
...... 100.185
......... ..100.252
................ 0
..................... 0
........... 0
. ............ 0
..................... 0
1.522 Issued by non·U.S. Govemment issuers and collateralized by mortgage-backed securities issued or guaranteed by agenCies shown in Une 1.521 . ...... .. ............ 0.000 . ... .................. ....... . ........ 0
1.523 All other ___ .......................... . ............... 0.000
2. Other debt and other fixed income securities (excluding short·term):
2.1 Unaffiliated domestic securities (includes credit tenant loans and hybrid "",",i1ie,).. ..................... ... ....................... ...... 2 .038.508 ............ 37.141 .. 2.038.508
2.2 Unaltiliated non-U.S. securities (including Canada) ..
2.3 Alfiliated securities ..
3. Equity interests:
3.1 Investments in mutual funds ..
3.2 Preferred stocks:
3.21 Affiliated.
3.22 Unaffiliated
3.3 Publicly traded equity securities (excluding prelerred stockS):
3.31 Alfiliated .....
.............. ..... ... 0.000
. .......................... 0.000
... 918.255 ........... ..16.730 ............. 918.255
................... 0.000
. ............................. 0.000
........................... 0.000
3.32 Unaffiliated .. . ........................... 1.787.770 .... 32.573 .. 1.787,770
3.4 Other equity securities:
3.41 Affiliated ..... .230,406 ............. .4.198 ............. 230,406
3.42 Unaffiliated _ .. ............................. 0.000
3.5 Other equity interests including tangible personal property under lease:
3.51 Affiliated ..... . .............................. 0.000
3.52 Unaffiliated _ ..... _ .... _ ................................ _____ .......... . ...... ......0.000
4. Mortgage loans:
. ................ 0
.2.038.508
..................... 0 ................................................ 0
.......... 918,255
.. 0 ................. 0
..................... 0
...... 1.787,770
.......... 230,406
. ................. 0
............ 0
.. 0
4.1 Construction and land development _ . __ ._ ........................... . ........ . .............. 0.000 . ....................... ..... . .......... 0
4.2 Agricultural ..
4.3 Single family residential properties ....
4.4 Multifamily residential properties ..
4.5 Commercial loans . __ . __ .............. .
4.6 Mezzanine real estate loans ...... .
5. Real estate investments:
5.1 Property occupied by company ..
5.2 Property held for production of income (including
$ of property acquired in satisfaction 01
debt) .....
5.3 Property held lor sale (including $
property acquired in satisfaction 01 debt)
6. Contract loans ..
7. Derivatives ..
8. Receivables for securities
.............................. 0.000
..................... 0.000
. ............................ 0.000
........................ 0.000
. .......... 0.000
..... 34.785 ........... 0.634 ............... 34.785
.... 16,602 .............. 0.302 ..... 16,602
.............................. 0.000 ...................... 0
............... 0.000 ..................... 0
. ............................ 0.000 ...................... 0
........................... 0.000 ...................... 0
. ............. 0
............................................... 0
..... ......... 0
. .................... 0
.................... 0
........... 34.785
. ..16,602
........ 0
............... 0
..................... 0
..................... 0
6
Percentaae
.... 0.000
..... 0.000
..... 0.000
.... 0.000
.. 0.9<J1
... .1.825
. ... .1.827
.... .0.000
.. 0.000
.... 0.000
..... 0.000
.... 0.000
.. 0.000
.0.000
.. 37.141
... 0.000
... 0.000
16.730
.... 0.000
.... 0.000
0.000
... 32.573
... ..4.198
..... 0.000
.... 0.000
. ... 0.000
... 0.000
... 0.000
. ... 0.000
.... 0.000
.0.000
.... 0.000
.... 0.634
.... 0.302
.0.000
0.000
.. 0.000
... 0.000
9. Securities Lending (Une 10, Asset Page reinvested collateral) ... ........................ 0.000.. .............. 0 ......... )(Xx. .. . ..... xxx .......... XXX. __
10. Cash, cash equivalents and short·term investments.
11. Other invested assets ............ _. _ .... _ ........................ _. _ ._ .................. .
12. Total invested assets
.. 212,320 .............. 3.868 ....... 212,320
0.000
5,468,510 100.000 5,488,510
SI01
.... 212,320 ... 3.868
o 0.000
o 5,488.510 100.000
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
SCHEDULE A - VERIFICATION BETWEEN YEARS Real Estate
1. Book/adjusted carrying value, December 31 of prior year .53.398
2. Cost of acquired:
2.1 Actual cost al time 01 acquisition (Part 2, Column 6) .......................................................................................... .
2.2 Additional investment made after acquisition (Part 2, Column 9) ............................................................. . . ................................................................... 0
3. Current year change in encumbrances:
3.1 Totals, Part 1, Column 13 __ ........................................................................................ 0
3.2 Totals, Part 3, Column 11 ........................................................................................................................................... .
4. Total gain (loss) on disposals, Part 3, Column 18 ..
5. Deduct amounts received on disposals, Part 3, Column 15 ..
6. Totalloreign exchange change in book/adjusted carrying value:
6.1 Totals, Part 1, Column 15 ..
6.2 Totals, Part 3, Column 13 ..
7. Deduct current year's other than temporary impairment recognized:
7.1 Totals, Part 1, Column 12 _. . ........................................................................................................ .
7.2 Totals, Part 3, Column 10 .....
8. Deduct current year's depreciation:
8.1 Totals, Part 1, Column 11 ........................................................................................................... .
8.2 Totals, Part 3, Column 9
9. Book/adjusted carrying value at the end of current period (Lines 1 +2+3+4-5+6-7-8) ..
10. Deduct total nonadmitted amounts .................. .
11. Statement value at end of current period (Une 9 minus Line 10) ...
............. 0
................. 0
. 2.011
SCHEDULE B - VERIFICATION BETWEEN YEARS Mortgage Loans
1. Book valuefrecorded investment excluding accrued interest, December 31 of prior year ...
2. Cost of acquired:
2.1 Actual cost at time of acquisition (Part 2, Column 7) ....................................................................... .
2.2 Additional investment made after acquisition (Part 2, Column 8) ........................................................................................... _ .. .
3. Capitalized deferred interest and other:
3.1 Totals, Part 1, Column 12 ..
3.2 Totals, Part 3, Column 11 .
4. Accrual of discount ..
5. Unrealized valuation increase (decrease):
5.1 Totals, Part 1, Column 9 ..................... .
............................... 0
..... ...... ......... 0
.. ......................... 2.011
........................... 51.387
. ............................. 0
.. ....................... 51.387
5.2 Totals, Part 3, Column 8 ..
6. Total gain (loss) on disposals, Part 3, Column 18
7. Deduct amounts received on disposals, Part 3,
8. Deduct amortization 01 premium and mortgage i
9. Totalloreign exchange change in book. value/rec
9.1 Totals, Part 1, Column 13 __ .
;.~;~~IC ..••.•••••••••••••........... accru.[r~
9.2 Totals, Part 3, Column 13 ..
10. Deduct current year's other than temporary impairment recognized:
1 0.1 Totals, Part 1, Column 11 ........................................... .
10.2 Totals, Part 3, Column 10 ...
11. Book value/recorded investment excluding accrued interest at end of current period (Lines 1+2+3+4+5+6-7-8+9-10) ........................................ .
12. Total valuation allowance ................................................................................. .
13. Subtotal (Une 11 plus 12) ..
14. Deduct total nonadmitted amounts ...
15. Statement value of mortgages owned at end of current period (Une 13 minus Une 14) ................................................. .
SI02
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
SCHEDULE BA - VERIFICATION BETWEEN YEARS Other Long-Term Invested Assets
1. Book/adjusted carrying value, December 31 01 prior year ..................................................................... _________________ . __ ... _ ....... _ ......................... .
2. Cost of acquired:
2.1 ~ctual cost al time of acquisition (Part 2, Column B) ___ ... _ .... _ .......................... .
2.2 Additional investment made after acquisition (Part 2, Column 9) ...................... .
3. Capitalized deferred interest and other:
3.1 Totals. Part 1. Column 16 ................. _________ .............................................................. .
3.2 Totals, Part 3, Column 12 ..
4. Accrual of discount .................................................................................................... ..
5. Unrealized valuation increase (decrease):
5.1Tolals, Part "Column 13 . N O···N··· .... E .... · .. · 5.2 Totals, Part 3, Column 9 .. . ... .. ........ ..... .. ...................... .
6. Total gam (loss) on disposals, Part 3, Column 19 ... ....... ... ..... .. ................... .
7. Deduct amounts received on disposals, Part 3, mn 1. ... ........... ...... . ................ ..
B. Deduct amortJzatlon 01 premium and depreclatlo ............................................................ ..
9. Total foreign exchange change in book/adjusted carrying value:
9.1 Totals, Part 1, Column 17.. .. .......................................................................................................... ..
9.2 Totals, Part 3, Column 14 ................................................................................................................................... ..
10. Deduct current year's other than temporary impairment recognized:
10.1 Totals, Part 1, Column 15 ..
10.2 Totals, Part 3, Column 11.
11. Book/adjusted carrying value at end 01 current period (Lines 1+2+3+4+5+6-7-8+9-10)
12. Deduct total nonadmitted amounts
13. Statement value at end 01 current period (Une 11 minus Line 12) ............................................ ..
SCHEDULE D - VERIFICATION BETWEEN YEARS Bonds and Stocks
1. Book/adjusted carrying value, December 31 of prior year ..
2. Cost 01 bonds and stocks acquired, Part 3, Column 7 ..
3. Accrual 01 discount ............................................................................................................................................................................................ .
4. Unrealized valuation increase (decrease):
4.1. Part 1, Column 12 ..
4.2. Part 2, Section I, Column 15.
.......................................................... 0
4.3. Part 2, Section 2, Column 13 ............................................................................................................................................................................ (65,677)
.... 4,929,150
. ...... .... .946,'59
.. ........................... 344
4.4. Part 4, Column 11. . ..................................... (88,079) ...................... (153,756)
5. Total gain (loss) on disposals, Part 4, Column 19..... .. ............ 155,665
6.
7.
Deduction consideration lor bonds and stocks disposed 01, Part 4, Column 7 ............................................................................................................... .. .................... 642,762
Deduct amortization of premium .. . ................................................................................................................................................................................. 9,997
8. Totalloreign exchange change in book/adjusted carrying value:
B.l. Part 1, Column 15.. . ..................................................... .. .......................................................................................................... 0
8.2. Part 2, Section 1, Column 19 ..................................................................... ..
B.3. Part 2, Section 2, Column 16 .................................................................................... .. .. .... 0
8.4. Part 4, Column 15 ........................... . .. .................................... 0 ...................................... 0
9. Deduct current year's other than temporary impairment recognized:
10.
11.
9.1. Part 1, Column 14 .................................................................................................................................................................. .. .. ....................... 0
9.2. Part 2, Section 1, Column 17 ..
9.3. Part 2, Section 2, Column 14 ....................................................................................................................................... . . .................. 0
9.4. Part 4, Column 13 ............................................................................................... .. ...................................... ........ ........... ....... ....0 ..................................... 0
Book/adjusted carrying value at end of current period (Lines 1 +2+3+4+5'6'7+B·9) ........................................... . . ............ 5,224,803
Deduct total nonadmitted amounts ................................................................................................................................................................. .. .. ........................... 0
12. Statement value at end of current period (Line 10 minus Une 11) ............................................ .. . ................................................ 5,224,803
SI03
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
SCHEDULE D - SUMMARY BY COUNTRY Lana-Term Bonds and Stocks OWNED December 31 of Current Year
1 2 3 4
Descri .... rlon BookJAdjusted Carrvina'Value Fair Value Actual Cost Par Value of Bonds
BONDS 1. United Stales .. .... --................ -......... ........ _--.- .... ..... GoYernments 2. Canada .. ............ . ........ _-----......... ...... . ....... _-.................... (Including all obligations guaranteed 3. Other Countries by governments) 4. Totals 0 0 0 0 U.S. States, Territories and Possessions (Direct and guaranteed) 5. Totals 49.428 48.499 49.395 50.000 U.S. Political Subdivisions of States. Territories and Possessions (Direct and guaranteed) 6. Totals 100.185 101.786 102.939 100.000 U.S. Special revenue and special assessment obligations and all non-guaranteed obligations of agencies andr~rthOrities of governments and their olitical subdivisions 7. Totals 100.252 102.329 102.809 100.000
8. United States ....... ................... .......... 2.038.716 ............... 2.043.349 .................... 2.074.550 . ..... .. ......... 2.000.000 Industrial and Miscellaneous and 9. Canada. .................. Hybrid Securities (unaHiliated) 10. Other Countries
11. Totals 2.038.716 2.043.349 2.074.550 2.000.000 Parent Subsidiaries and Alfiliates 12. Totals
13. Total Bonds 2.268.580 2.295.962 2.329.693 2.250.000 PREFERRED STOCKS 14. United States _. .......... . .......
Industrial and Miscellaneous 15. Canada ................ .. __ .. _-- ............... . ...... _._--.-.............. (unaffiliated) 16. Other Countries
17. Totals 0 0 0 Parent Subsidiaries and AHiliates 18 .. Totals
19. Total Preferred Stocks 0 0 0 COMMON STOCKS 20. United States .. ........... ......... 2.870.841 . .... ............... 2.870.841 . .............. .. .. 1.911.043
Industrial and Miscellaneous 21. Canada __ .... ........ . .... ...... (unaffiliated) 22. Olher Countries 65.382 65.382 64.558
23. Totals 2.936.223 2.936.223 1.975.600 Parenl Subsidiaries and Affiliales 24. Tolals
25. Tolal Common Stocks 2.936.223 2.936.223 1.975.600 26. Total Stocks 2.936.223 2.936.223 1.975.600 27. Total Bonds and Stocks 5.224.803 5.232.185 4.305.293
SI04
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
SCHEDULE D - PART 1A- SECTION 1 Quality and Maturity Distribution of All Bonds Owned December 31. at Book/Adjusted Carr ing Values by Major Types of Issues and NAIC Designations
1 2 3 4 5 6 7 8
1. U.S, Governments 1.1NA1C1
NAIC Desianation
1.2 NAIC 2 .... _ ......................................... . 1.3NAIC3 I.4NA1C4 .. 1.5 NAIC 5 ..... _ .............. . 1.6 NAIC 6 ......................... _ ............................... . 1.7 Totats
2. All Other Governments 2.1 NArC 1 .. _ .................. . 2.2 NAtC 2 ..
1 Year or Les!'!;
° 2.3 NAtC 3 .................................................................... . 2.4 NArc 4 ...... . 2.5 NArc 5 .. 2.6 NAtC 6 ............... . 2.7 Totals o
3. U.S. States, Territories and Possessions etc., Guaranteed
3.1 NAtC 1 .. 3.2 NAtC 2 .... ___ ......................... . 3.3 NAtC 3 ................. ___ . __ ............................. . 3.4 NAtC 4 ...................................................................... . 3.5 NAtC 5.. . ............................... __ .........•... 3.6 NAtC 6 ....... ____ ........................ . 3.7 Totals ° 4. U.S. Political Subdivisions of States, Territories and
Possessions, Guaranteed 4.1 NAtC1 ....................... . ________________________________ .100,185
4.2 NAtC2 .. 4.3 NAtC 3 ..... ___ . __ . ____ .................... . 4.4 NAtC 4 .... . 4.5 NAtC 5 ._._ .............................. . 4.6 NAtC 6 ..................................... . 4.7 Totats
5. U.S. Speciat Revenue & Speciat Assessment Obligations. etc .• Non-Guaranteed
5.1 NAtC 1 .............................. . 5.2 NAIC 2 ......... ,,_._ .. _ ................................ .
100,185
______________________ 100,252
5.3 NArc 3 .......................................................... . ................................. . 5.4 NAIC 4 5.5 NAIC 5 .. 5.6 NAIC 6 ................. .
5.7 Totals 100,252
Over 1 Year Over 5 Years Over 10 Years Col. 6 as a % of Total from Col. 6 Throuoh 5 Years Throuah 10 Years Throuoh 20 Years Over 20 Years Total Curren Year "Line 9.7 Prior Year
° ° °
° ° ° _______________________ 49,428
° 49,428 °
o o °
° o o
o
o
o
o
°
____________________ ._. _________ 0 ________________________________ 0 _____________________ ._. _________ 0 ______________ . ____ ._. ____ . ____ 0 _______________________________ 0
o o
............ __ .. __ .............. 0 ________________ . ________________ 0
___________ 0 _____________________________ 0 ________________ . _______________ 0
o
° _______________ . _______ 49,428
__________ 0 ______________________________ 0 ________________________________ 0 ________________ . _______________ 0
° 49,428
__ 100,185 ________________ . __________ 0 ______________________________ 0
______________________________ 0 ________________ . ________________ 0
° 100,185
______ .100,252 _______________ . ____ . ___________ 0 ________________ . _______________ 0 ____ , ___________ . ____ ._. _________ 0 _____________________________ 0
o 100,252
__ 0_0 ___________ . ____ 0_0 ___________ . ____ 0_0 ________________ 0_0 ___________ ._. __ 0_0
0,0 0_0
___________ . ____ 0_0 ________ 0_0
____ . _______ 0_0 ____ 0_0
____ ._. _________ 0_0 0_0 0_0
___________________ . ________ 2_2 ______ . _________ 0_0
____________________ _0,0 _______________ 0_0
____ 0_0 0_0 2_2
____________ .4.4 ______ 0_0
__________ 0_0 ________________ 0,0
___________ 0_0
0_0 4.4
_________________ 4.4 ___________ 0_0
______ . _________ 0_0 ________________ 0_0 ___ . __ . ______ 0_0
0,0 4.4
__________________ 14,126 __________________________ ._.0
______________________ ._.0 ______________________________ .. 0
________________________ .0
° 14,126
_____________________________ 0 ___ . _______________________ .. 0 ___ . _____________________ . ___ ._0 ___________________________ . __ 0
_________________________ ._0
° o
______________________________ 0 __________________________ 0
______________________________ 0 _______________________________ 0
____________________________ 0
° ° ________ . .151,026
____________________________ 0 _______ 0
_____________ . ___________ 0 ___ . _____________________________ 0
° 151,026
_____________________ .200, T73 ____________________ . __________ 0 _________________ . ___________ 0
. __________________ . _______ 0 __ . ________________ . ___________ 0
° 200, T73
9 % From Col. 7
Prior Year
____________________________ 0_7 ____________________________ 0_0 _____________________________ 0,0 _____________________________ 0_0 __________________________ 0_0
0_0 0_7
________________________ 0_0 ................... __ ........ 0.0 _________________________ . __ .0_0 ____________________________ .0_0 __________________________ .0_0
0_0 0_0
________ 0_0 ___________________________ 0_0
____________ 0_0 __________________________ .0_0
_____ 0_0 0_0 0_0
_________ . ______ . _________ ..7.2 ____________ 0_0
__________________________ 0_0 _______ 0_0
_____________________________ 0,0 0_0 7,2
________________________ 9_5
.......... _. ____ .. 0.0 _______ . _________________ 0_0 . ________________________ 0_0
____________________________ 0_0
0_0 9_5
10 Total Publicly
Traded
o
° ___________________ ..49,428
49,428
____________________ 100,185
100,185
_______________ 100,252
100,252
11 Total Pri'y~~?ly
Placed \a/
__________________ . _____ . ____ . __ 0 ______________________ . ___ . __ 0 _____________________ ._. __ . __ 0 __________________ ._ __ __ . __ 0
_. ____ ._. ____ . ____ ._0 o
° ___________ . ______________ 0
___________ . ______ . ____ 0 ______ . __________ . ____ . __ 0
________________ ._. ____________ 0 __ . ___________ 0
o
° _______________________________ 0
__________ 0 _. ______________________________ 0
______________________ 0 ________________________________ 0
° ° _______________________________ 0 ____________________________ . __ 0
________________ . __ 0 ___________________________ .0
________ . ___ .. __ 0
° ° ________________________________ 0 _____ . __ . _________ ._ __ __ 0 _______________________ . _______ 0
________________ . ____ . ___ . __ 0 ______________ 0
o o
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
SCHEDULE D - PART 1 A - SECTION 1 (Continued) Quality and Maturity Distribution of All Bonds Owned December 31, at Book/Adjusted Car inQ Values by Ma"or Tvpes of Issues and NAte DesiQnations
1 2 3 4 5 6 7 a Over 1 Year Over 5 Years Over 10 Years Col. 6 as a % of Total from Col. 6
NAte Desianation 1 Year or Less Throuah 5 Years Throuoh 10 Years Through 20 Years Over 20 Years Total Current Year Une 9.7 Prior Year 6. Industrial & Miscellaneous (Unaffiliated)
6.1 NAlC , ................................................................................. 50,379 ................. 56','42 ................ 1,'66,894 ....................... 51,618 6,2 NAlC 2 ............. 158, 118 ....................... 50,565 6.3 NAle 3 ................ _ ...................... . 6.4 NAle 4 6.5 NAle 5 ..... ___ ........................................... ..... . ............... . 6.6 NAle 6 .............................. . 6.7 Tolals 50,379
7. Hybrid Securities 7.1 NAIC 1 ......................................................................... . 7.2 NAIC 2 ......................................... . 7.3 NAIC3 .. 7.4 NAIC4 .................... . 7.5 NAIC 5 ......................................................................................... . 7.S NAIC S ................................ . 7.7 TOlals
8. Parent, Subsidiaries and Affiliates 8.1 NAIC 1 ............................................................. . 8.2 NAIC 2 .. 8.3 NAIC 3 .. 8.4 NAIC4 ........................ . 8.5NAICS ..................................... . 8.SNAICS 8.7 Tolals
o
o
719,261) 1,217,459
o o
o 0
51,618
o
o
o
o
o
................. 1,830,033 ..................... 208,663 ................................. 0
..................... 0 ............................. 0
o 2,038,716
............................. 0
................................ 0
............................... 0 ................ 0
................... 0 o o
............................ 0 ................ 0
............................ 0 .0
............................... 0 o o
............ 80,0 ............................ 9, 1
.. .......... 0,0 ........................... 0,0
.. ........... 0.0 0,0
89.1
.. .... ,.0.0
.. ............ 0,0 .. ......... 0,0
.. ......... 0,0 .. ......... 0.0
0,0 0.0
.. ......... 0,0 .. ............ 0,0
.. ......... 0,0 ............. 0.0
.. .... 0,0 0,0 0,0
.................. 1 ,533,020 ............. 2",097
............................... 0 ............ 0
................................ 0 o
1,744,117
................................. 0 ............................ 0
............................... 0
................................ 0
................................. 0 o o
.............................. 0
................................. 0
.............................. 0 .. ............................ 0
...................... 0 o o
9 % From Col. 7
Prior Year
.......................... .12, 7
....................... ..10.0
............................ 0,0
............................ 0,0
............................ 0,0 0,0
82,7
............ 0,0 ........................... 0,0
....... 0,0 ......................... 0,0 .................... ..0,0
0,0 0,0
............................ 0,0
.......................... 0.0 ............. 0,0
............................ 0,0 ....... 0,0
0.0 0,0
10 Tolal Publicly
Traded
............. 1,830,033 ................... 208,683
2,038.716
o
o
1l Total Pri~?tely
Placed (a)
................................ 0
.................... .. ... 0
................................ 0 ............................ 0 ............................... 0
o o
.... .... ................ 0
................................ 0
................................ 0
....... , ................... 0 ................... 0
o o
............................... 0
................................ 0 ............... 0
............................ 0 ....................... 0
o o
'J)
5 ...,
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
SCHEDULE D - PART 1 A - SECTION 1 (Continued) Quality and Maturitv Distribution of All Bonds Owned December 31, at Book/Adjusted Car ing Values by Major Types of Issues and NArc Designations
1 2 3 4 5 6 7 8 9 Over 1 Year Over 5 Years Over 10 Years Col. 6 as a % of Total from Col. 6 % From Col. 7
Prior Year NAtC Designation 1 Year or Less Through 5 Years Through 10 Years Through 20 Years Over 20 Years Total Current Year Line 9.7 Prior Year 9. Total Bonds Current Year
9.1 NAIC1. 9.2 NAte 2
Id) ............. 250,816 Id) ............ 0 Id) ......................... 0 9.3 NAtC 3 ..
9.4 NAIC 4 .. 9.5 NAte 5 ..
...................................... Id) ...................... 0
9.6 NAte 6 ... _ .............. . 9.7 Totals .. 9.8 Line 9.7 as a % of Col. 6
10. Total Bonds Prior Year 10.1 NArc 1
.. Id) ...................... 0 dl 0
............. 250,816 11.0
.............. 364,674 10.2 NAIC 2 .. 10.3 NAIC 3 10.4 NAIC 4 .. 10.5 NAIC 5 .. 10.6 NAIC 6 .. 10.7 Totals ..
.............. 0 ..................... 0
................................................................ 0
............................................................. 0 o
................................................. 364,674 10.8 line 10.7 as a % of Col. 8
11 Total PubliCly Traded Bonds 11.1 NAIC 1 11.2 NAIC 2 .. 11.3 NAIC 3 11.4 NAIC 4 .. 11.SNAICS .. 11.6 NAIC 6 11.7 Totals ........................... . 11.8 Line 11.7 as a % of Col. 6 .. 11.9 Line 11.7 as a % of Line 9.7, Col. 6,
Section 9
12. Total Privately Placed Bonds 12.1 NAIC 1. 12.2 NAIC 2 ................. . 12.3 NAIC 3 .. 12.4 NAIC 4 .. 12.5 NAIC 5 .. 12.6 NAIC 6 .. 12.7 Totals .. 12.8 Line 12.7 as a % of Col. 6 12.9 Line 12.7 as a % of Line 9.7, Col. 6,
17.3
.. 250,816
........................... 250,816 .................. .11,0
11.0
..................... 0 ....... 0
................ 0 ...................... 0 . ....................... 0
o .. ................................... 0
................... 0,0
..................... 561, 142
...................... 156, 118 .. 0
............................... 0 ......... 0
o ......... ..719,260
31.4
.................... ..716,010
..................... 107,328 ........ 0 .......... 0 ........... 0
o ............. 823,337
39.0
..... 561,142 ................. 158, 118
............ .719,260 .... 31.4
31.4
.......... 0
.......... 0
.......... 0
.......... 0
.......... 0 o
.......... 0
...... 0.0
........ 1 ,216,321
..........50,565 ............................. 0
.................... 0 .............................. 0
o ...... 1,266,887
55.4
........... 818,261
......... 103, 769
....................... 0 .................. 0 .................... 0
o .......... 922,030
43.7
....... 1 ,216,321
............. .50,565
..................... 51,618 ......... 0 ......... 0
................................ 0
............................... 0 o
................... .51 ,618 2.3
......... 0 ....................... 0
................................ 0 ......... 0 ....... 0
o ......... 0
0.0
.............. 51,618
........... 1 ,266,887 ...................... 51 ,618 ... 55.4 .......................... 2.3
55,4
...................... 0 .................. 0
.... 0 ................... 0 .................... 0
o ..................... 0
.......... 0.0
2.3
....... 0
......... 0 ................................ 0 ............................... 0
...................... ...... 0 o
................................ 0 ............... 0.0
Section 9 0.0 0.0 0.0 0.0 (a) Includes $ freely tradable under SEC Rule 144 or qualified for resale under SEC Rule 144A.
..................... 0 ................................ 0
...................... 0 .................... 0 ................. 0
o .......... .......... .......... 0
0.0
.............................. 0 .0
.................. 0 .................. 0 .................... 0
o ............. 0
0.0
..................... 0
................. 0.0
0.0
.................... 0 .................... 0
.............................. 0 ................... 0
........ 0 o
..................... 0
................. 0.0
0.0
... 2,079,897 ........ 208,683
.......................... 90.9 ................ 9.1 ............... 0.0
.0.0 .......... 0.0
0.0
.. ......... XXX.. .. ........ XXX .. .. XXX ........................... xxx. .... .
........ 0 ............. XXX... .. .... XXX. ............................. 0 ............. XXX ......................... XXX Ie) .. .. ...... 0 ............ XXX .......................... XXX .. . ct 0 XXX XXX
Ib) .......... 2,288,580 ............ .100.0 ............ XXX ......................... XXX . 100.0 XXX XXX XXX
............ XXX.. .. ........... XXX... .. .......... 1 ,898,945 .............. XXX... .. ................. XXX... .. .................. 211,097 .............. xxx .......................... XXX... . ..... 0 .............. xxx .......................... xxx. . ..... 0 .............. XXX.. .. ........ XXX ............. Ie) . .. .... 0
XXX XXX el 0 .... XXX... .. ......... XXX ............ Ib) .......... 2, 110,041
XXX XXX 100.0
.................. 2,079,897
................... 208,683 ...... 0
....... 0 ....................... 0
o .2,288,580
.. ............. .100.0
100.0
.............. 90.9 ......... 9.1
........................... 0.0 ... 0.0
............... 0.0 0.0
............. 100.0 ............. XXX ...
XXX
....... 0 .............. 0.0 ... 0 .............. 0.0
....... 0 ...... 0.0 ..................... 0 ........... 0.0
............................. 0 .............. 0.0 o 0.0
....... 0 ........................... 0.0
..... 1,898,945 ............. 211 ,097
...... 0 ........................ 0
....................... .. .... 0 o
................. 2, 110,041
.. .......... XXX .. .
XXX
............................ 0 ...... 0 ...... 0 ..... 0
............................. 0 o
............................... 0
......................... 90.0 ............ 10.0
................... 0.0 .............. 0,0
......... 0.0 0.0
.............. .100.0 XXX
......... 90.0 .................. ..10.0
............ 0.0 .. 0.0
............ 0.0 0.0
.......... 100.0 .. ..... XXX
XXX
........................... 0.0 ... 0,0 .. 0.0
....... 0.0 ............ 0.0
0.0 ....... 0.0
... 0,0 .XXX .. . ........... XXX ......................... XXX .. .
0.0 XXX XXX XXX
10 Total Publicly
Traded
................. 2 ,079,897 ..................... 208,683 ....................... .. ... 0
.. .... 0 ............................. 0
o .............. 2,288,580
100.0
................ 1.898,945
................... 211 ,097 ..... 0
........................... 0 .0 o
... 2,110,041 100.0
........ 2,079,897 ....... 208,683
.... 0
..... 0 ..................... 0
o
11 Total Privately
Placed (a\
.. ............................. 0 .. ............ 0 .. ............. 0 ................ 0
. ............................ 0 o
............... 0
.. ............... 0 .................. 0 . ................. 0
. ....... 0 o
.. ........ 0 0.0
.............. xxx.
.. ............ XXX ............ XXX .. .
...XXX .. . .............. XXX
XXX ................ 2.288,580 .............. XXX .. . ..................... .100.0 ..... XXX ..
100.0 XXX
.. ........... XXX .......... 0 .. ......... XXX... .. ............. 0 .. ......... XXX ............................................ 0
.. ............ XXX......... .. ............... 0 ........... XXX... .. ....... 0
XXX 0 ...... XXX... .. ............... 0
.XXX... .. .......... 0.0
XXX 0.0
(b) Includes $ ......................... current year, $ prior year of bonds with Z designations and $ . current year $ prior year of bonds with Z· designations. The letter ~Z" means the NAIC designation was not assigned by the Securities Valuation Office (SVO) at the date of the statement. "ZU means the SVO could not evaluate the obligation because valuation procedures for the security class are under regulatory review.
(c) Includes $ current year, $ .................. prior year of bonds with 5" designations and $ , current year $ prior year of bonds with 6· designations. "5"" means the NAle designation was assigned by the (SVO) in reliance on the insurer's certification that the issuer is current in all principal and interest payments. ·6·~ means the NAIC designation was assigned by the SVO due to inadequate certification of principal and interest payments.
(d) tncludes the follOwing amount of non-rated short-term ar¥:! cash equivalent bonds by NAtC designation: NAtC 1 $ ....................... ; NAIC 2 $ .......................... ; NAIC 3 $.... . ; NAtC 4 $.. . . ; NAIC 5 $ .... . .. ; NAtC 6 $ ........................... .
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
SCHEDULE D - PART 1 A - SECTION 2 Maturity Distribution of All Bonds Owned December 31, at Book/Adjusted Carrvina Values by Major Type and Subtvoe of Issues
123 456 7 8 Over 1 Year Over 5 Years Over 10 Years Col, 6 as a % 01 Total from Col. 6
Distribution by Type 1 Year or Less ThrOUQh 5 Years ThrOUQh 10 Years Through 20 Years Over 20 Years Total Current Year line 9.5 Prior Year 1. U.S. Governments
1.1 Issuer Obligations .... __ ._ ............................................. __ ........................................ . 1.2 Residential Mortgage-Backed Securities ... . 1.3 Commercial Mortgage-Backed Securities ._ ............................. . 1.4 Other Loan-Sacked and Structured Securities. 1.5 Totals
2. All Other Governments
2.1 Issuer Obtigations ................ _ .................... . 2.2 Residential Mortgage--Backed Securities .. 2.3 Commercial Mortgage-Backed Securities .. _ 2.4 Other Loan-Backed and Structured Securities ......... __ .................. . 2.5 Totals
3. U.S. States. Territories and Possessions, Guaranteed
o
o
3.1 Issuer Obligations ................. -...................... . ................................. . 3.2 Residential Mortgage-Backed Securities ............ . .............. . 3.3 Commercial Mortgage-Backed Securities ......... _ .............................. . 3.4 Other Loan-Backed and Structured Securities ....... _. __ ...................... . 3.5 Totals 0
4. U.S. Political Subdivisions of States, Territories and Possessions, Guaranteed
4.1 Issuer Obligations ....... _.............. . ....................... .100,252 4.2 Residential Mortgage--Backed Securities ......................... ___ ............... . 4.3 Commercial Mortgage-Backed Securities.. . .......................... . 4.4 Other Loan-Backed and Structured Securities 4.5 Totals 100,252
5. U.S. Special Revenue & Special Assessment Obligations etc., Non~ Guaranteed
5.1 Issuer Obligations ...... __ ............................. . 5.2 Residential Mortgage--Backed Securities 5.3 Commercial Mortgage-Backed Securities .. 5.4 Other Loan-Backed and Structured Securities .. 5.5 Totals
6. Industrial and Miscellaneous
6.' Issuer Obligations ........................ __ ...................... . 6.2 Residential Mortgage-Backed Securities 6.3 Commercial Mortgage-Backed Securities .. 6.4 Other Loan-Backed and Structured Securities .. 6.5 Totals
7, Hybrid Securities 7,1 Issuer Obligations .... 7.2 Residential Mortgage--Backed Securities .. 7.3 Commercial Mortgage-Backed Securities 7.4 Other Loan-Backed and Structured Securities .. 7.5 Totals
8. Parent, Subsidiaries and Affiliates
8.1 Issuer Obligations ................. . 8.2 Residential Mortgage--Backed Securities .. 8.3 Commercial Mortgage-Backed Securities ..
......................... 100,252
100,252
.............. _ ......... 50,379
SO.379
o
8.4 Other Loan-Backed and Structured Securities .. _ ........................... . 8.5 Totals o
o o
o o
. .......... A9,428
o 49,428
o o
o o
....... .719,260 ._. ___ .......... 1 ,217 ,459
719,260 1,217,459
o o
o o
o o
o o
o o
o o
o o
........ 51,618
........... ... ......... 0
.......................... 0
........................... 0 o o
................... 0
................... 0 ......................... 0
o o
............. _ .. A9,428 ....................... 0 . ............... 0
o 49,428
.................. .100,252
.. ........................... 0
.. ........................... 0 o
100,252
... __ ............ 100,252 ....................... 0
......................0 o
100,252
_ .............. 2,.038,716 ............................. 0 ............................. .0
o 51,618 o 2.038.716
o 0
o o
.. ............. , ......... 0 .. ............ 0
............................ 0 o o
.................. 0 ............................. 0 ....................... 0
o o
......................... 0,0 ._ ...................... .0.0
.. .................. 0.0 0.0 0,0
..................... 0,0
........................ .0.0
........................ .0,0 0.0 0.0
........................ 2,2 ....................... 0.0 ......................... 0,0
0.0 2.2
........................ 4,4 ................... 0.0 ......................... 0,0
0.0 4,4
..................... 4.4 ...................0,0 ......................... 0,0
0,0 4.4
........................ 89,1 ............... 0,0
.................... 0,0 0,0
89.1
.. ..... 14, 126 ........................ 0 ............................. 0
o 14,126
................... 0 ............................. 0 ............................. 0
o o
.............. 0 ............................. 0
............... 0 o o
.151,026 ................. 0
......................... 0 o
151,026
.................. 200, 773 ..... _.0
............... 0 o
200.773
.............. ..1.744,117 .. __ ._._ ..................... 0
.............. 0 o
1,744,117
.............. D.O ............................ O ......................... .0.0 .......................... 0 ....................... 0.0 .... ..0
0.0 .0 .0 . .0 0
..................... 0.0
..................... 0,0 ... 0,0
0.0 0.0
............................ 0 ................... 0
.......................... 0 o o
9 % From Col. 7
Prior Year
...................... 0,7
.. ....................... 0.0 ................. .0.0
0.0 0.7
.. ............ 0.0 .. ....................... 0.0 ...... _-. ............... .0.0
0.0 0.0
..................... 0.0 .. ...................... 0.0
_ .......... JJ.O 0.0 0.0
........................ ..7.2 ........................ 0.0
......... 0.0 0.0 7.2
..9.5 ......................... 0.0 ....................... 0.0
0,0 9.5
.. ...... 82.7 ........................ 0.0
.. .............. 0.0 0,0
82,7
.................. .. D.O .................. 0.0 ........................ 0,0
0,0 0,0
.. ....................... 0,0
.. ....................... 0,0
.. ................... 0.0 0,0 0,0
10 Total Publicly
Traded
o
o
o
o
o
o
o
o
11 Total Privately
Placed
.......................... 0
.................... _ .. _ ..... 0
............................. 0 o o
........................... 0 .................... 0
............................ 0 o o
............ __ ...... :49,428 ....................... 0
........................... 0 o
49,428
.................. 100,252
.................. __ ._ ....... 0 .............. 0
o 100,252
... .100,252 .......................... 0 .......................... 0
o 100.252
.2,.038.716 ............................. 0 ........................... 0
o 2,.038.716
............ 0 ............................. 0 ........................... 0
o o
............................ 0
............................ 0
.......................... 0 o o
(/)
o to
Distribution by Type 9. Total Bonds Current Year
9.1 Issuer Obligations .. 9.2 Residential Mortgage-Backed Securities ._ ..................... . 9.3 Commercial Mortgage-Backed Securities ................................ . 9.4 Other loan-Backed and Structured Securities .. 9.5 Totals ................................................................. _._. 9.6 Une 9.5 as a %. of Col. 6
10. Total Bonds Prior Year 10_1 Issuer Obligations .. _ ............ _._ ......... _ ............. _._ ..... _ .. . 10.2 Residential Mortgage-Backed Securities ._._ ........ . 10.3 Commercial Mortgage-Backed Securities 10.4 Other Loan-Backed and Structured Securities .. 10.5 Totals .............. _ .... _ ............ _._ ............ _ ...... . 10.6 Line 10.5 as a % of Col. 8
11. Total Publicly Traded Bonds
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
SCHEDULE D - PART 1 A - SECTION 2 (Continued) Maturity Distribution of All Bonds Owned December 31, at Book/Adiusted Carrvina Values bv Maior Type and SubtYoe of Issues
123 4 5 6 789 Over 1 Year Over 5 Years Over 10 Years Col. 6 as a % of Total from Col. 6 % From Co1. 7
1 Year or Less ThrOUQh 5 Vears ThrouQh 10 Years ThrouQh 20 Years Over 20 Years Total Current Year Line 9.5 Prior Year Prior Vear
......... ..............250.882 ..................................... 0 .................................. 0
o .... _._._ .......... 250,882
11.0
............................ 364.674 ._. __ ............................. 0 ...................................... 0
o ........................... 364.674
17.3
................. ..719.260 ............... _ ...... 0
............................. 0 o
................. ..719.260 31.4
....... B23.337 __ ._._ .................... _.0
..... 0 o
.................. B23.337 39.0
.. ............. 1.266.887 .. .. 0 .. .. 0
o .. ........... 1.266.887
55.4
.................. 922.030
.. ........................ 0 .... 0
o .. ...... ~22.030
43.7
.................... 51.618 ................... 0
......................... 0 o
.................... 51.618 2.3
. ...... ............... 0
........................... 0
............. _ .... _ ... __ ... _.0 o
............................. 0 0.0
.................... 0
............................. 0
............................. 0 o
............................. 0 0.0
......... 0 ............................ 0
............... 0 o
....................... 0 0.0
.. 2,288.647 ... 0 ... 0 o
............. _.2,288.647 100.0
.......... _ .......... 100.0
........................ D.O ........................ D.O
0.0 ......... 100.0 XXX
....... JOO( .............. JOO( .. .
....... XXX... ..... .... XXX ..
....... JOO(... . ................ JOO( .... .
XXX XXX _ ........... JOO( .. JOO(
XXX XXX
....... xxx..... ...... xxx .. . .......... XXX ...................... XXX .. . ............ JOO( ....................... xxx. .... .
XXX XXX .JOO( ...................... JOO( .. .
XXX XXX
.. .... 2.110.041 .............. 0
.............................. 0 o
............... 2.110.041 100.0
............. _ ...... 100.0
........................ .D.O
....................... _ .. 0.0 0.0
...................... 100.0 XXX
10 Total Publicly
Traded
. ..... __ ..................... 0 .. ............ 0
...............0 o
............ _ ................ 0 0.0
.............. 2.110.041
......................... 0
......................... 0 o
_._ ............ 2, 110,041 100.0
11 Total Privately
Placed
........... 2.288.647
............................ 0
........................... 0 o
............. _.2,288.647 100.0
............................. 0
.. .......................... 0 ................ 0
o ........................ 0
0.0
11.1 Issuer Obligations ... _ ........................................... __ ................ _ ... _ .. . ... 250.816 ................ .719.261 ...... _ ........ 1.266.887 .............. _ .... 51,618 .. ......... 2.288.581 .0 ...0 o
...................... 100.0 ... _ .. _ ....... 2, 110,041 ............... _._.100.0 ............... 2.288.581 ......... xxx .. ............ XXX ........... XXX ...
11.2 Residential Mortgage-Backed Securities _ .......................... _._ .. . 11.3 Commercial Mortgage-Backed Securities .. 11,4 Other Loan-Backed and Structured Securities 11.5 Totals 11.6 Line 11.5 as a % of Col. 6 .......... ___ ._ ......... _._ .. . 11.7 Une 11.5 as a % of Line 9.5, Col. 6, Section 9
12. Total Privately Placed Bonds 12.1 Issuer Obligations ........ . 12_2 Residential Mortgage-Backed Securities 12.3 Commercial Mortgage-Backed Securities 12,4 Other Loan-Backed and Structured Securities 12_5 Totals ............. __ ..... _._ ............ _ 12.6 Line 12.5 as a % of Col. 6 .. 12.7 Line 12.5 as a % of Line 9.5, Col. 6, Section 9
......... 250.816 ................................ 11.0
11.0
...................... 66 ....................... 0
.................................. 0 o
....... ........... .. ..... 66 .. .............. 100.9
0.0
.................. .719.261
........................ 31.4 31.4
..... _. __ .... 1 ,266,887 ............. 55.4
55.4
........................ j 1J... ..................... 0
............................. 0 .. 0
............................. 0 .... 0 o 0
........................... j lJ . ......... 10.9)
0.0
.... 0 .......... D.O
0.0
............ 51,618 ......................... 2.3
2.3
... 0 ............................. 0 ....................... 0
o .............. 0
......................... D.O 0.0
............................. 0
....................... D.O 0.0
......................... 0
..................... .. 0 ............. 0
o .......................... 0 .... ............. D.O
0.0
............... 2.288.581 ___ ............ _ ... _.100.0
100.0
.. .. 66 .. 0 ... 0 o
.......................... 66 . ............. 100.0
0.0
......................... D.O ....... D.O
0.0 ..... 100.0
....... XXX .. XXX
......................... D.O
.................... D.O
....................... D.O 0.0
.. ..... D.O .. xxx.
XXX
............................. 0 ......................... D.O
............................. 0 ....................... D.O o 0.0
............... 2, 110,041 ...................... 100.0 . .. JOO( ...................... .x>O<. .. .
XXX XXX
............................. 0
............................. 0 o
............... 2.288.581 ..... 100.0
100.0
XXX ............ xxx .. . . ....... _ ... JOO( .. .
XXX
......................... 0 ........................ D.O ........... XXX... .. ....................... 66
............................. 0 ......................... D.O ............ XXX ....................................... 0
............................ 0 ..................... D.O ............ XXX... . .................... 0 a 0.0 xxx 0
..................... _ ••... 0 .....•... _.0.0 ............ JOO(... . .......................... 66
............ XXX ............ ......... XXX.. .. ............. XXX ................................ 100.0 xxx xxx xxx 0_0
en ~
o
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
SCHEDULE DA - VERIFICATION BETWEEN YEARS Short·Term Investments
2
Total Bonds
1, Book/adjusted carrying value, December 31 of prior year ......................... . ................................ 14, 126 ..................... .. ... 0
2. Cost of short·term investments acquired .. ...... 0
3. Accrual of discount .. .................... __ .......... . .. ..... 0
4. Unrealized valuation increase (decrease) .. .. .... 0
5. Total gain (loss) on disposals ... .. ..... 0
6. Deduct consideration received on disposals ... .. ..................... .1,223
7. Deduct amortization of premium ........... __ ................. . . ............................. 0
8, Total foreign exchange change in book/adjusted carrying value .... .. .... 0
9. Deduct current year's other than temporary impairment recognized . .................... . ...... 0
10, Book adjusted carrying value at end of current period (Unes 1 +2+3+4+5-6-7+8-9). .. .... 12,903 ... 0
11. Deduct lotal nonadmitted amounts ... '" .................... 0
12. Statement value at end of current period (Une 10 minus Una 11) 12,903 o (a) Indicate the category of such assets, for example, Jomt ventures, transportation equipment: 0
3
Mortgage loans
.. ...................... 0
..................... 0
...................................... 0
o
4 Other Short-term
Investment Assets (al
............. 14, 126
................................... 1,223
.... 12,903
12,903
5 Investments in Parent,
Subsidiaries and Affiliates
.. ............... 0
.................. 0
.. .................................. 0
o
<.
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
Schedule DB - Part A - Verification - Options, Caps, Floors, Collars, Swaps and Forwards
NONE
Schedule DB - Part B - Verification - Futures Contracts
NONE
Schedule DB - Part C - Section 1 - Replication (Synthetic Asset) Transactions (RSATs) Open
NONE
Schedule DB-Part C-Section 2-Reconciliation of Replication (Synthetic Asset) Transactions Open
NONE
Schedule DB - Verification - Book/Adjusted Carrying Value, Fair Value and Potential Exposure of Derivatives
NONE
Schedule E - Verification - Cash Equivalents
NONE
SI1 t, S112, S113, S114, SI15
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
SCHEDULE A - PART 1 i I All Real Estate 31_ otCurrent Year
1 2 Locallon S 6 7 8 9 10 16 17 3 • 11 12 13 I. ,-S
Total Foreign Total Exchange Gross Income
Current Year's Change in Change in Earned Less Book/Adjusted Other-Than- Current Year's Book! Book! Interest Taxes,
Date of Amoun! of Carrying Value Fair Value Current Year's Temporary Change in Adjusted
c3~t~ Incurred on Repairs and
Code Slale ~ AP~:~.t ActU'~ .
Encum- Le~~a~~~~m- Le~~a~~~~m- Depre- Impairment ~r~~~~~ C~;?in9 Value Encum- Expenses I City b,.nees c,.i'on I
.. '3-~ b,.nces Incurred I I I
II tbyth., 1- , i I '31-;i6 , 34.705 0 ,
"" , 12," 6,,",
I , I ~ <held: '0" 0 16,602 0
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
Schedule A - Part 2 - Real Estate Acquired and Additions Made
NONE
Schedule A - Part 3 - Real Estate Disposed
NONE
Schedule B - Part 1 - Mortgage Loans Owned
NONE
Schedule B - Part 2 - Mortgage Loans Acquired and Additions Made
NONE
Schedule B - Part 3 - Mortgage Loans Disposed, Transferred or Repaid
NONE
Schedule BA - Part 1 - Other Long-Term Invested Assets Owned
NONE
Schedule BA - Part 2 - Other Long-Term Invested Assets Acquired and Additions Made
NONE
Schedule BA - Part 3 - Other Long-Term Invested Assets Disposed, Transferred or Repaid
NONE
E02, E03, E04, E05, E06,E07,E08,E09
CUSIP
~ ~ ..
d-
2
i i
I Bonds
Co, " 3 • 5
F o
6
~ ~ d 9 Bond NAte e n Char Des.
. Slales,' ern'oroes and I , ,-Issuer
, .
I I
·1 ...... ·_ .. .. . 1; .. ·_ .... ..
'1--.. 1-·_· .. ·_ ..
.. 1-
I· . 1"--'"
. '1:::1
' .. -::::::.' . ............
, ........... ..
:::::: :: .. .. . .1
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
7 8
Rate
~.:,~ A~~~~I Fair
=i= 49."" ()()(
.~ i
.~ I()()(
SCHEDULE D - PART 1 IAlil • BONO S Owned
'a'r Value 10 11 9
Book!
Fair Par ~~Zl~ Value Value
D D D
48.'" ..... 49.428
.. :-'@ •
lOU" 100." 100.18'
:. . .. ::::
•
: 1.61'
1000 . : :776
'"
r 31 of Current Vear Carry'n I Value
12 13 " T~;al
Unrealized Valuation Increase1
•
•
•
CUrrent Year's
Current Other-Yeats T. Than-(Amar-
liz81ion) Accretion
•
" .~
13'''' I I
I
. :.-",i
I. I . . .
: .. "001
.. J .I
.I
i
-'
-'
Foreign Exchange Change
'n Book!
~~i~ D
D
D
16 17 18
, Rate R~:e ~:~n 01
XXX XXX XXX XXX
1; XXX XXX
XlC I()()(
XXX XlC
19 20
Admitted Amount Amount
~~~~~~ D~~~i~~~r D •
_233
2."
'" 4." '."
21
XXX
XXX
~ 3.875 XXX
.. .1'"61"'13 .
22
Stated Contractual
~~:ty XXX
: ...
, ... ;::: :
.'.'15 :'-";''''''10 .. "~"';5J""i ..
~ .
: ::. : ....
. :: :.164
... :':'13'. , .. . .I.", .. ~~~!~ '.
. I '.7"
,725
;;0; : :::
I ;::::
; ~ .... : ..
.1l1lSm,: ::: ",;;,;;;;:
:::: . : ~ : ~ .. : ...
m ~
a
1
I CUSIP;
3299999. '!.~ ~tot~1 -,
I~ -.~: I· I II , ,
I 8399999 ~dS '
2
i i and i
iii
Iii
3 4
F o r
~ ~
6 5
~ ~ ~~~~ ~~~c ; ) - Issuer
) Boods
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
7 8
',074,;50 XXX
',074.;50 :! ',329.693
o
'.329.693
SCHEDULE D - PART 1 rAlil
9
',043,349
, T. 1 BONOS Owned 10 11
Par Val'"
""",,,,, -'""".""
',,,",,"" o
Book!
',008-,16 2.0~-'16
2.""',,,", o
o 2,288,,,",
r 31 of Current Yeor
12 13
Unrealized Valuation Increasel
o
o
o
Current
~~~~~-1~::~,~).
{S,"'I
(9,0241
14
Current Year's OtherThan-
, .''':"'''., '.
o .0
o o
o
T~fal Foreign
Exchange Change
;n Book!
16
o XXX o XXX
17
XXX
=i o XXX .100<
o XXX XXX o XXX
I ,. 19
Admitted Amount
~~~~~ 21,058 21,058
24,260
'-
24,260
20
Amount Received ,
65, '65
65, '65 o
73,727 o
73,727
21
)()(
XXX
22
Stated Contractual
Mg~~:ty
XXX
i=
1 2
GUSIP
f~:~~~ n
m 6999999 - . -otal Peeterred Stocks
3 4
For-I Code le;on
·1··
1------------ -1----------- -
5
Number
Sh~:es
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
6
Par Value Per
Share
7
Rate Per
Share
SCHEDULE D - PART 2 - SECTION 1 i I All Owned r 31 of Current Year
6 I 11 I 9 10 12 13
Rate Per
Share Book! Used to
C~~i~g Obtain Amount
Fair b~~~~~:'id D~~~'~~., Value ;
I';·~' •.•••.•. _ &!+~I-~ -. -.- . ··~-I-·-~ ..• ~.-.~.--.-.-.. - .. --
14 15
Unrealized Nonadmitted Valuation Declared But Increase!
Unpaid
20 21 16 17 16 _19
Total Foreign
Current Exchange Current Year's Total Change Change in Year's 1':'."'"'-'""" ;n
~;;!~; Temporary
A~C,e1i~n Impairment I~:~~~~~~'~: C~~t:g
NAle Desig- • Da~e , nation I-\CQUlrea
xxx XXX
m ~
I\)
2
I:::"'~~~ .... I III lis Inc
I~,-, .... ·I~"~ """, 1;Y~V-UJ-(I .... I~r.! IIoI~r$
h,=--'~M"_._," ::~ :l .... 'I~rl! Motors I~~~-~~~ ' __ 'I~ra! IIolcr& W!rrlVlb exp 7/10/16 I~~~-:~~ _"'I~ra~ IIolors Warrlll'lts e~ 7110116 i~~~-:~~ ····,I~ra! ikltcra farrants alp mO/16 i~~~-:~ ·····i~ra! Moters Imlll'll$ alp 7110119 :~~~-:~ .... i~ra! Moters Warrants alp 7110119 :~:...~-~ ... <~ral IIotcrs 'arrants alp 7110/19 i~~~:~~ ..... ;HOO!E! Depot Inc .. i~~:~ ..... 1111001$ TMI'<)f~s Inc ,~:~:~ .... '. ~n.tel Co~p ._ :::E;:: ::: ..... . I::i~: : ~;~ .. : .......................... :::: l~j§.··.·I~;~~;~oot· .................................... . I=:~j ····I;;;;~;;, I~ .................................... .
1~:jH:· : : ~:;::= ~;; .. :::::::::::::::::::::::::::::::.
3 4
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
5 6
Book! Number
sh~~es
''''
·.w.,
,25
SCHEDULE D - PART 2 - SECTION 2 i III ~~ .... ~., F, ;-v.;;;e
7 8 Rate Pe'
Share Used to Obtain
~~li~A ""',V"I'"
01# .::;.;:::: .
. ~.~ L~::~ • I~:§ • :!~
;:; .
':::';';: .
.. .. ;:,,~
'." ... -;:-;;; .
•. .. 102.1" •.
I.I~~ . L:'~:: •• .... ;;.~ .
... ;:;.;;; ;.;:;; .. :;.~ . :.:;;;
" ";;; . ,:" J
'Owned 9
Aclual Co"
.. :;;;
.'.m
.n.'
:;;; .
- 31 of Current Yea,
10
h~;:::~~;:!rl
i 11
Amount
D~~~i~e~,
. -; .-;
•.. 0
':: :~
'j",:
•. ;'703
. ! .• ~~ ::;; !~
12
Nonadmitted
oe~~~~dBut
13
Unrealized Valuation Increase!
...
'n~
;".
764
I
:'~.~ .
14 =nov'ue 17 18 15 16
Total Foreign
J
.. '-~
' .. ~.~ !-~ ';;;.
';;
'It .
. -:;:;;
. :';;';' ;;;.;;;,
.I
NAIC Market
-;;) ~-~ ... ,",,':;'
o".:;~:; '"
, : : :
• 1~"I .. D2II7I"";
.II~L ••. ' .. • .............. H~~L · IL .......... I """'''''
·IL ........ .. · IL. ........... I .... ;';4I2.II"tt
IL. .......... · .. ;;, ;,; IL ............. ;',;; IL ........... ';;',~-,; IL ......... ;.;;;,; IL...... ';;,~',; IL ......... ';;',~',; .... ;;;
IL ............ ";:;,;;',;;;;. I~...;:;,~;;;;; IL ............ ";;',;;;;;:; IL ........... ";;;,;;',;;;;.
. . .. . ;,;;',;;;; IL ............. ;;.,;;;;;;;
... ;;; IL ......... ";';,;;,;;;'; IL ........... ";;,;,;,;;;;' IL........... ";;,;;',;;;; IL ........... ";;',;';,;;;; IL ............ ;;,;;.,;;;; I L........ ";;,;':',;;;; IL ............ ;;.,;;.,;;;; I L ............ ";;;,;';',;;;:
2
CUS1P Identification Description
71344&-1G-8 ... Pepsico Inc 717081-1{1-3 Pfizer Inc. 718172-11>-9. PhillipUarri' International 74271&-10-9. _ Procter 3. Galle Co •. __ •••••••••••••••••••••••••••••• 74271&-10-9. Procter & G.ft!la Co. __ .........................•.......•. 755111-50-7. Raytheon Co t.\ew •••••••••••••••••••••••••••••• 907818-10-8 "0_ U,ion Pacific Corp .. 911312-10-6 _ lkliled Parcel Service Inc CI B ...............•........•.
Codes 3 4
ForCode eiQn
949746-1{1-1. .ells Fargo 3. Co ~ •••••• __ ••••••••••••••••••••••••.•••••••••• 949746-10-1. Wells fargo 3. Co Hew •••••••••••• ___ •• _ ••••••••••••••••••••••••••••••••• 9B8496-10-1. YUlI Brands Inc. 9099999. Subtotal· Common Stock - Industrial and Miscellaneous
399874-1CH!. .lllerican FlJ1ds Gro_11I of blriC8 39ES74-t0-6. A!eerican FlJIds Gro_tll of kllarlca. l!l9874-10-6. Arlefi~ FlI'Ids Grolill of kJleriea. 399874-10-6. Mei"ican flJlds Groolll of kllarlea 39ES74-10-6 ..... American ft.nds Grootll of h!>erlea 399874-1CH!. Alleri~ FlJIds Gro_tll of MJerica 399874-ICH!. Mei"iCin FlJIds Groolll of Merlea 399874-1CH! .werican Fl.nds Gro_tll of .Ilr>erlca 399874-1CHl. American FI.IIds Groolll of Mlerlca 399874-ICHl .. Arleri~ ft.nds Groolll 01 America 399874-10-6. Allerican ft.nds Gro_11I of Allerlca 399874-10-6. Alleri~ FI.Ilds Grodll of America .....................•. 399874-1CHl. Arlefican ft.nds Groll11 of America. 939m-1CH!. .werican ft.nds Washingtorl ~tual 9llm-1CHl .. Anleri~ ft.nds Wasllinglorl ~11.l8.1 . 939m-1CHl .. Allerican FU'lds Wasllinglorl ~Iual ................•.. 939330-1CHl ...•. .laerican FlJ1ds Wasllinglorll.lllual . ~ICHl ..•.. Anlerican FIn" Wasllingiorllollll.l8.l .. 939ID-ICHl. o';ntrican FInis W~shingtorl ~11.l8.1 . 939ID-1CHl •.•.. .laerican FlJ1ds lI'asllingtorl ~Iual . 939llJ-1G-6. hllericilll FU'lds 'asllingtorl ~Iual . 939m-1CHl ..•.. Merican FlJ1ds '~shinglorl ~I!JaI . 9393W-1G-6 ..... M!erican FlJ1d:s Washinglorl ~Iual 939330-1CHl ..... Arlerican FlJ1ds '~shingtorl ~Iual .......•..........•.•.. 939llJ-1CHi. American FIJ'"lds WMhinglon ~llJal .•..............•.• 1DS33O-1CH!. Arlerican ftrds Washington ~Iual . 939llJ-llHi. Anlerican F\I'Ods Washington Illlual ...•...•.•.........•.. 9393.'Jl-1CH! . .lmlrlcan FI.Ilds bsllington Illtual . 939330-1CH! . American FUIds lasllingtQfl Illtl.l8.t . S39330-11Hi. k1Ierlcan FlIIds IBsllingtQfl Illtual . 9393:ll-ICHi. American FUIds 'BshingtQfl IlltlJilf . Sll33O-ICHi. American Fl.nds IashingtQfl IlltlJilf . 939llJ-1CHi ..... .oItiIerican Fl.I'Ids fashingtQfl IlltlJill . 939:l3O-1(Hl. Anlerlcan F(Ilds l/ashingtQfl IlltlJill . S39330-1CH!. .lJl,erlcan FlJ1ds lasllingtan IlltlJill . S39330-1(}..6. Anlerlcan FlJ'lds Washingtan IlltlJill . S39330-1(Hl ..... merlcan FlJ1ds Wullingtan IlltlJill . 939330-1G-6 ..... American FlJ1ds 'ashingtanl.\JtlJill . S39330-1(Hl ..... MIlrlcan FlJ1ds WaslllngtorllNtlJill . S39330-1il-6 ..... American FlJ1ds Wasllington IoUtlJill . Sll33O-1(H! ..... Merlcan FlJ1ds liasllingtl)'l IoUtlJill ... 9393»-ICHl. r'lnerican FlJ1ds Washingtorl J.UtlJill .
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
5
Number of
Shares ............ 525.000 • ........ 1,900.000 ............ 600.000 ........•.• 350.000
250.000 ......... _ .. 575.000 ......... __ .675.000 ............ 550.000 ......... UXl.ooo ......•..••• 129.000 _._ ........ .700.000
Unaffiliated .....•. .1,081.491
........•... _44.'£7 . .1,07l.414
.........• 709.263 _ ........ 2,268.088
.......•.•. £5.462 ............. .60.940
. __ ..... .53.438 .. _ .......... ro.526
._9}.961 .... .1,055.1>46
.............. .7.804 ••....... 6.841.004 ............ 3).784 •............ 28.862 •........•... .29.917 •........•.... 39.929 ••........... .29.019 ............. 28.104
........... 44.458 ........ .32.769
.•.•......... .29.575
............. 29.845
.•.•.•........ 43.092
...•......... .31.072
. .•.•....... 26.399 __ .. _._ .. 2,584.647 .....•..... Z!1.536
....••..... _.38.514
...... _ ...... .36.793 •.. 35.147
.. .428.857 ..... .62.944
•...... .40.333 ....•...•.... _41.092
•.•. 497.190 .....••.... _27.744
..... 24.258 ......•.. J,OOS.539
..... .16.260 . .........•.. .17.420 ............. 20.260
SCHEDULE D - PART 2 - SECTION 2 Showing All COMMON STOCKS Owned December 31 of Current Year
6 Fair Value 9 Dividends 7 8 10 11
Book! Adjusted Canying
Value .•.•............•.•.•. .52,458
•......... ... _ .. _._61.332 .•............. __ •... .52,7~
. ... »,794 . __ ............••.••. .19,853
. ..............•... ]1.605 . __ ._._ .....•..... .52,785
. ..........•....... .52,9'El .• _]0,668
. •.... _ .• _ ...•.•...... .7,012
. •..............•..... .51.135 2,017,968
Rate Pe,
Share Used to Obtain
Fair Value
......... .99.920
......... _32,280
......... JJ7.910
...... _._.79.410
...... _ ... 79.410
._ ..... _.124.5l:l ••••••••• ]B.2CKl ......•.. _96.23)
.54.:!lO ......... _54.:!lO ......... 13.050
XXX .•.•..... _. __ ...•.•.... 44.655 ......... .41.290
___ .........•.•.•..... 1.832 .......... 41.290 .••........... __ • __ . ___ 44.2$ .......... 41,290 .••.... _ .... _._ •.•.•. .29.285 .......... 41.290
...........•.•..... .93.649 __ .. _ .... .41.290 ..................... __ 2.703 ......... .41.290 .•.•..... _____ .. _._ ..... 2.516 ................•.•..... 2,619 .•.•............•.••. __ .2.499 .•.•............•.•.•.. 3,756
•••• _43,563 .•..............•••.•...... 322 .••.............•.•. 274,232
•.•... 1,183 ....•.•....•.•.•... 1, 109 .................... 1, 150
.•......•....... _____ .1,535
.•••......... _. ____ •.... 1,115 ..............•.•... 1.080
..•................••... 1,709
.••.•.•...........•..... 1.260
...................•.... 1.137 .•..............•.•. 1.1.7
... 1.656 .1.194
....•.•.•..........•.•.. 1.015
....•.•............•.•. 99,~
..... _ ••.............•.. 9.131
.......••............•.. 1.483
......•..•...........•.. 1.414 ___ .•................ 1.369
........•..•.......... .16.465 __ ._ ........ 2.420
._ .......•.•.•.......... 1.550 _____ .1.560
._ ..•.. _ ......... .19.112 .........•.•............ 1.066
_ ............. 932 ...•.......•.•........ .74.441
•... _ .. _._ .... 625 .......................... Jf70 ........................... n9
......... .41.290
._ ........ 41.290
......... .41.290
....... ___ 41.290 _ .. _._. __ 41.290
......... .41.290
........ .41.290
.. __ ._._.38.440 ...... 38.440
......... 38.440 •......... 38.440 ......... .38.440 . __ ... _ .• .38.440 _ ......•. _38.440
.. 38.440 ..•....... 38.440 ..•..•.... 38.440 •.•...... .38.440 .......... 38.440
.. .38.440 ..•..•.•. .38.440 ......... .38.440 .••....•.. 38.440
.. .38.440 ...•.•.... 38.440
... 38,440 .•..•..•.. 38.440 .•...•.•.. 38.440 .•...•.•. .38,440 .•.....•.. 38.440
.. 38.440 .....•.••. 38.440 .•......•. 38.440 .......... 38,440 .......... 38.440 .... ____ 38.440
Declared Fair Value Actual Cost but Unpaid
..............•..... 52.458 __ •. _ ...•••.. 49,214 ............•.•........... 0
.................•.. 61.332 ..........•. _34.082 ............••.•.• __ .... _0 ... .52.746 .•............•.. .13, 152 ....................... _0
................... Zl.794 ................ 24.737 ..........•.•••..•....... .0
..............•.•.• .19.853 ........... 15.344 ............•.•..•....... 0 .]1,605 .•••.•............•.•. 34.203 ........•....•••.•.•..... _0
.........•.• .52.785 ..••..•............• . 20.251 ..... 0 _ .............•.•.• .52.'IZl .••. 42.n6 ....... 0 .......... _. __ •.•.• 10,668 ...••.•.............•. Zl,429 ............ 0
.... _ ......•.•• .7.012 ..........•.•. 24.121 ......... 0 ................ _.51135 ___ •.•.............•. 'Il,025 ......................... 0
2.017.9GB .................... «.655 ..............•.•.••• 1.832 ..............•.•••. -44.239 ..............•...• 29.285
...........•.•. 93.649
.........•.•..• .2.703
.........•...•• .2.516 ...•..........•.•..• .2,619 ................•.••• 2.499 ..............•.•.••. 3,756
.... 43.563 ...•... _ ........•.••.... 322 .................. 274.232 ..............•.•..•. 1.183
1.331.973 ...••.•...•.......••... 44.471
.............. 1,852 •.......•...••... 44,721
..•.•.........•....••. .29.761 .•• 100.000
•...........•.••.. 2.256 ........•..••... 1,734
.1.925
.1.843 .. 1.803
..•. .28.506 ......................... .t~
.•••. 94.245
, •••••••••••• __ ••• _._ ••••• _0
•....•...... 0 ........................ __ 0 •••••••••••• __ ....... _ .. _0 ............•..•.•.•...... 0 ......................... _0 ••••••••••••••••••••••••• _0 ..........•.•.••.•.•...... 0 ••••••••••••••••••••••••• _0 .............•••.•.•..... 0
•.•...... 0 .............•••.•.••.•.. 0
...........•.•.•.••..•... 0 .•.•.•...... 0
Amount Received
Durlna Year •............. 369
•.•. _ •.•.••......... 2,296 ...•.•..•........... 2,412 ..••.•.•.••........ __ 1.579 .............. ____ .. _ ... .0
• .... __ ... _1,504 .•.•.•....•...... 1.823
...•...•.••......... 1.606 .•.•.•.•.......... 2.059
...•.•.............. .48 ___ ... 1.183
5 .. " ........... 0
. ............. 0 ._ ••.•.•..•.•........•... 0
.......... 0 ............ __ ........ .0 __ •...•• _ •.•............. 0 .......................... 0
__ ..•. _.0 ...•.. ______ ........... .0 ...•...•..•.•••........ _ . .0
.... ____ .... ..1) ...•....•...•.•........... 0 ...•...••...••...... 3,:lO6
••• .1)
...• _ ... _ .....•• 1.109 _._ ........... 1.150
............... __ ._.1.535
...... 908 .....•..... 913
.. "" ..• _ •.•..............•.. 1.251 ••••••••••••••••••••••.•.• .930
.. 0 .....•......•.•........... 0 ••••••••••••••••••••••••• _0
......... .0 ..................••..... 0 •................•....•.•. 0
.• __ ....... _._ .•. _ • .1 .115 .•................... 1,080 ...................•. 1,709
.................. 1,260 .1,137
_ ...........•. 1, 147 ............ _._ ....•. 1,656 ......... _ •...•..... 1, 194 ...••................ 1,015 ..•.•...•........... 99.354
............. 9.131 ........... 1.483 .•......... 1.414
............. 1.369 •....... .16.485
...... 2.420 . •.•......... 1.550
.... 1.560 ........ .19.112
..................... 1.066 ......... 932
.......•..... .74.441 ......... 625
..•......... »70 ........ m
•••••.. _._. ___ •••• _ ...... 985 __ ._ .... _ ....•.. 1.221
__ ••••• _ ••••••••.•.• _836 .................•.• _831
•••••••.•••••••••••••••••• _1I27 ............. 1, 164
..•. 789 _ •.•............... 900
_ .......••........... 100,000 ...................... _9.219
._ ... 1.531 _._ •.......... 1.538
.........•.•.•.•........ 1,545 ...... .17,613
.........•...•.•........ 2.585
...........•.•.•........ 1.665
..................•.... 1.693
...........•.......... .18.748
........................ _663
.............•••.......... .705
...............•....... 33.370
.............••...•....... .583
.•............•........... _585 . _____ ._.588
...•.•.•.• .0 ..•..............••.•.•.•. 0 .............•....•.•.•.•. 0 ..................••..•.•. 0
• __ 0
... _._ ... _ ......•... 0 •••••••••••••••••••• _0
•••••••••••••••••••••• _0 ..................•....•. 0
................... 0 .. _ ... _ ................... 0 _ ••.•.................... 0
............ 0 . ......... 0
__ .•.•.•.................. 0 .•.•................... .0
... _ .....•... 0 .......••.....•........... 0
.. ___ .0 ......................... .0 .....•..•••.......... _ .. 0
.. _ ._ •.•........... 0 ..................... ___ ._0
__ •.....• 0 ...................•...... 0
.... .0 ........ .0
...............•.••...... 0
...............•.••...... 0 ...•.•...... 0
.................•........ 0 ____ •• _ .•••• _._0
__ ...... _ .. _ ... _ .•..... 0 ••••••••••••••••••••••••• _0
____ 0
................. 0 ••••••.•.• _0
•••••••••••••••••••••••.• _0 ........•.•.•. 0
•................ 0 ............... 0
.... 0 .. _ •.••..............•.. 0 •......•.................. 0
.••••••••••••• _0 .....•.•.•..•............. 0
......... ],479 ..••.••.•.•............... 0
............ 0 ......................... .0
12
Nonadmitted Declared But
Unpaid ......•.•............. 0 •••••••.••••••••••••• _0 •••••••.••••••••••••• _0 ......•••............. 0
............ 0 .. 0
...•.•.........•... 0 .... 0
......•....... _. __ ._._0
............. _ ••••• _._0
......•............... 0 o
......•............... 0
.................... _0 .............. 0
........•...........•. 0 .. 0
.......... 0 ••••••••••••• _0
.... 0 ...................... 0 . ___ ._ •.••........... 0 .........••........... 0
•• _ •• _0 •• __ • ________ •••••• _.0 .... _ ....••........... 0 .........•........... 0 •••••••••••••••••• _0 ........••............ 0 .........•••......... .0
........ .0 .........•......... .0 .........•...•..... .0
...... .0
...... .0 .•...........•...•.... 0 .•.•.....•.....•.•.... 0
_ •...•.•. _._ .. 0 _ ..• _ ..........•.•.... 0 .•.•.........•.•.••... 0 ..•.. __ ......... _ •... 0
...... _ .................. 0 . ....•............•.•. 0
• • _ ••••••• _0 . ...........•.•. 0
....• ..........•...•. 0 ........•.•.•. 0
. ...•...........•.•... 0
. .................. 0
. .....•.............•. 0
. .....•.............. 0 . ......... 0
...................... 0 ........... 0
Chan e in BookJAd'usted Carry_in Value f7 13 14 15 16
Unrealized Valuation Increase!
(Decrease) ...•.•............. 3.244 ............ ____ .. 2, 147 ......... __ •.. .3.876
........ (4,088
....... .j2,92O ........ .9,407
...•.•.......... (27,628 ...... {8,217
__ ._. __ ._ .......... (598
._ .......... .159 .............. .140
(25,931 .. ____ .... .184-
. ______ ............. 162 ........ (1.489
........... ____ ._.19116 .13,153
•......•.... .1401 ..... 185
....... 188 ..................... 184
.1126 .(1,467
. .......••..•.•....•. 111 • . .19,2'32
.. m . ..... __ ... _._ ...... .172
. ........ 175 ..........•......•.. (100 ........•.•...• .• _ • .173
......... 01 ..............••.•.. (112
................. 162 .. J74 .. J75 .(108
..................... 178
. .•............•..... Hi6
..•.............. (6.487 .. .... _ ......... (596
• .•.................• 197 . .•.................. 192 ... ______ ..........• 191 ._ .•.•........... (1.076
_.1158 ______ ........... (135 ...•...•............ {113
___ .... .364 ___ ................ 170
...•.•..•... _. ___ .. .161 . _ ............ (4.861
.. _.141 • __ ...•.•.... 144 .............. 151
Currenl Year's Other-ThanTemporary Impairment Recoanized
....... 0 ...•.••...••...•........ 0 ........................ 0 ....................... _0
o ••• _ .. _ ... 0
..... 0 .... 0
....................... 0 ..•. 0
....................... 0
o ......•....•....•....... 0 .............•.••.•...•. 0 ___ .• _ ....••.•.••••.•... 0 ...........•.•.••.•...•. 0
. __ ._ •. _.0
_._ .•.•.•..•.•..•••.•.•. 0 ....•......•.•.••.•.•••. 0
•.•••. 0 __ ._ ............•••.•. 0
...................•• . 0
........ _______ ._._ •.•. 0
................•....••. 0
.................... • _.0 .. __ ._0
.....................•.. 0 .. 0
._ ....•.............••.. 0 •....................••. 0 .................. __ ... 0
.. 0 __ ...... 0
.....................• 0 •....•.................. 0
...................... 0 ................. 0 ................. 0 ................ 0
.•.•.•..•............... 0 ............ 0
..... 0 •.•...... 0
•...... 0 .•....•....•.•.•.•...... 0 .....•....••...•.••..... 0 __ ._ ..•.•.••...•........ 0 ....•......•.•.•.•...... 0
.•.•........ 0 ...........•...••....... 0 .............•.••• ..... 0 ...........•....••...... 0 ...........•......•..... 0 .................•... 0
Total Change in Book/Adjusted Canying Value
(13·14) •............... .3.244
.....••............• 2, 147
..•.•.•............• 3.676 .... _.14.088)
_ •...•....... {2.92O) ......•............. 9.407 ................ 127.628)
..... {8.217) •......... .(598)
.. (59)
.. 140 (25.931)
.. 184
. .(62)
. .•....•.•.•....... {1,489)
......•..•.•.......... (986)
...........•...... ./3.153)
......•....•.......... (401) . .(85)
. .(88)
.. (84) .. ___________ (126)
....... _ .......... .ll.~7J _.111)
.•.... (9,232) .. In)
.. em
.. (75)
... .(100)
................•••.. .(73) •. (71)
........ (112)
.............•...•••.•. (82) .. (74) _ (75)
.................•.•. .11(8) •. (78)
.•.•. (66)
•.................. (6.427) ............. .(598)
.. (97)
.............•. (92) . .(91)
.................. .(1.076) ....... (158)
..•...•............... (135)
..•.•................. (113)
......•............•.. 364 • .(70)
.. (61)
•...... .{4.861) .. (41)
.. (")
.. (51)
Total Foreign Exchange Change in
Book/Adjusted Canying
Value
NAIC Market
Ind~~~tor
.............. 0 L ........................ 0 L ..
........... 0 L .. ........................ 0 L .. ........................ 0 L .. ........................ 0 L .. ___ .................... 0 L .. ........................ 0 L .. ........ __ ...... __ ._0 L. __
.. __ ._.0 L .. ........................ 0 L ..
XXX ........ 0 L ..
.0 L ...
. 0 L. . .... 0 L ...
........................ 0 L .. ............. 0 L .
........................ 0 L. ........ 0 L
....................... 0 L ...
........................ 0 L ..
........................ 0 L _._ .. _ ................ 0 L ..
........................ 0 L .. ........ 0 L .. _._._._0 L ..
._ ......... _ ..... 0 L .. . ....................... 0 L_ .. ........................ 0 L._
........ 0 L . ....................... 0 L . ...................... 0 L .. ..._ ................... 0 L .. .. _ ..................... 0 L . ....................... 0 L .. . ....... __ ............ 0 L_ • ........................ 0 L .. ........................ 0 L ..
.... 0 L.. .................. 0 L ..
........ 0 L. . ... 0 L. .
.0 L.. .........•••..•.•.••.•. 0 L. .
.... 0 L ... .......•.•.•..•...••... 0 L. . ............•.•.•..•.•. 0 L..
............. 0 L .. ....................... 0 L .. .
.0 L .. . ........ 0 L ..
.0 L ....... . ..................... _0 L __
18
Date Acquired
.. 0812812015 .
.. 02117/2010 .
.• 03l31/2OClB
.. 0312412008 .
.. 03122/2011 .
.. .1212412012 .
.. fI5I:JJ/'l¥J7 .
.. D2II712012 . _.0712812000 . .. J2I'ZlI:!SJiJ2 . .. D312312010 .
XXX .. .1212212015 . . . .1211712014 . ... 1211712014 . .. .12118/2013 . .. .1012112013 . .. .1211912012. .. .1212012011 . .. .1212112010 . .. .12121/2009 .. .1212212008 .. PtlD1I:!SJ02 . . . .12/1312002 . ..03I01/2!Xl2 . ..06/1512012 . ..09/2112012 . ..0312'3/2012 . ... 1212112012 _ _313122/2013 .. ..00/2112013 . ... 12116/2011 . ..119/2312011 . ..0611712011 .. 03118/2011 ___ 12117/2010 . .• 11912412010 . .. 119120/2013 _. .. .1012112013 .• ... 12120/2013 . ..D3I2112014 . .. 06/20/2014 .• .. 0911912014 . .. .12119/2014 . .. .12119/2014 . .. 0312012015 . .. 06/1912015. ... 1211612015 .. .. 04/0112008 . .. D3I2212002 .. f15118/1993 .• .. 06118/1999 .. .. 11911711999 . .. .1211711900 .
1
(a) For
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
SCHEDULE D - PART 2 - SECTION 2 2
, F"", ~ .. ~i",~~ ~,w) . FU'lds Washington ItJlual . FU'lds Washington iotJlual FlJ1ds '~shington IlJluai
.. ,_ FlJ1ds Washington ilJlual !~;~ Fll1lls lI'~shinglon IlJlual .. l~ FlIIds Washington IlJlua!
FlJ1ds Washington ilJlual Foods Washington IotJlual FlIlds WUhington ItJlual
;~;~ FlIlds 'IInhingtoo J,kJlual ;.i~ FU'lds '~$hingtoo IlJlual
FlJ1ds Washingt", IoUtud FlIlds Wa&hingtOl"lloUtud Fu:1ds Washington IlJlui!.l
~ :~: :::~:~:~ ::~: : ,I C
5 6 3 4
Book! Number
Code =~~ sh~~es
. , '-'12
Fak Value
A~'e 8 Per
Share Used to Obtain
Fair Value
i:;;i ",,' . I ........... ;."' •. ,'.., !,;;' I ........... ,"' •.. ,..,
:"':..;
I Prefened and :;Ommon Slocks 2,936,'" , stock I "Y' , ma,"el indicalor 'U' provide, Ihe number of such issues .................................... ,Ihe
.. :.~
.;,;;
. ,m
. ''''' :;';" 918,255
i Owned c 31 of Current Year 9
10 "
Amount Declared Received
Aclual Cost bul Unpaid Durino Year
643,621
I ,(induded in Column 8) of all such issues $
12
Nonadmitted
D~~~e;:dBut
--' 13
Unrealized Valuation Increase!
,in I 14
Current Year's Other-ThanTemporary Impairment
:anvina V, lue 17 15 16
Total Foreign Exchange Change in NAle Total Change in
Book/Adjusted
ca~n? ~~~Iue Book/Adjusted Market
c~~i:g I. (~\ ',,,: . . ;,,: . . ).
) . ) . ) .
I. I. ) . I.
:.""' :
''',746) xxx XXX
18
XXX XXX
L .
L.
L.
L.
m ~
<.0
1
; 1H.;ilh 0, .. ' I s - lodustrial aod I i
I ota Iood, '
I ds - Part 3
2
n
iii
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
3
SCHEDULE D - PART 3 I All L I Bonds and Stocks '''',",III~~n During Current Year
4 5
'''';;i,,.,~I::: ~~::: .. u." , ~"':I:'" "'"'u, B~ NA ..
• Bank N.I. • n/;;;;~ _ ... ILBSSecur i ties tiC .
'OO1;tii20l~ ····I~ Securities llC .. · ;;~ ___ 'I~ Securities UC ..
Name 01 Veodm
· ~ ___ 'I~ Securities UC ..
: 1~ ::::11BS ::::;:: ~~ ::::::: ....................... . · .. I~~uriti~~ ..
1:1:~·": .. ~~ ~ ... ~~~~: i llC __ ................................................. . ~ ... ' =~~,~tiesL1C
. Illes tiC ..................... ___ .... _ ........................ .
: lBS "'.,,:,; LLC. ::
6 7
Actual Co,t
554,34'
013,142
: :,.,.214 : 275,821
:: '
342,418
550,000
"",000
<XX
Paid for9Accrued
Interest and
o
o
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
SCHEDULE D - PART 4 I All I Elonds and Stocks SOLD. or OF Du inQ Current Year 1 2 3 4 5 6 7 8 9 10 , 16 17 18 ,. 20 21
11 12 13 14 T~;al
Current Total Foreign Bond Year's Change in Exchange Book! Interest!
Prior Year Current Other- Book! Change in Adjusted Foreign Stock Stated Book! Unrealized Year's Than- Adjusted Book! Carrying Exchange Oividends Con-
CUSIP Number of Valuation
!~~~i.S: Temporary Carrying
~~i~ 6~~~:~~ ~~::~~ G:;~~~~~S~ Total Gain Received
~;~~~ f::~~~ For- D,~:al of Name S~::~Of Con-Par Value Actual Cost c6~z:;g Increase! Impairment Value , ) 07 ~~~~s~~ D~;:9 , I e,go , (11+12·13) onDisoosal
.~ , , ,
II I ~ .... , I ,of Siaies.
~ ! . 50.480 ..J4!QI @l ~ 50.000 0 .. ~ I I
.I:sOndS· U.S. .1 I ".'" . . . . .. .. '''"~.' . '50:000 :~ :;~,;;;;.;;; I . i Suisse First BasIon lISA Inc. _ .'"151"15=:~~· .. ':~ L.. I~!~:;,~~I ... : ..... ". : ........ ;;";';;;~i;~;o . :'":,,, : : .. :;., : :50:000
... ...: rnS-s.; ·i ::0 : • Boods • lodustrial aod I I ~II 24'.324
I . Part 4 406." 400." 4tI6.m 401." -"1" -.l571! 0 . '.973 I )(
0.01 ds I 11.'" )(
>l. olal ·err. Stocks· Part 4 0 0 I )()(
I 0 0 0 )(
I "''''. s..' b "' ••• , ",", It '" u.c : .. 117.5681 : ;; .... ,,.,. ....
I;';';';;;;,' ."':1191 I I : . ':'~': I
I~:::,~ . I~. [~~'"'" .1 . 0 : . '0 ~·:~L ,~ :'" : ;,S;;;~t'¥ : ... ;;,' . ,: l4~i : :.3:"" ..
I ~~fo~:::;i~Corp :'jM : .:;0; : J • Common Siocks . lod,slrial as.67'
=~:~~ : I":~::M~::: ::~:h 01:::,',; ~i~:::: ~:: .: ":g ::.0 I 0 )()()(
0(, :ommoo Stocks - Part 4 as.67' 162.:160 (88.0~
1 Siocks - Part 5 )()()(
~ ,50.69' 150.'" 1.738
Preferred aod as.67' ~ is : e-I 642.762 )()()( '92.'51 564.'" (88-"'IT ...l57l .0 . ~ 5.665 "-
m ~
U1
1
CUSIP Identi·
lil
~
2
I otal- Bonds otal - Pret.rr.d Stocks
I otal
I
3 4 5
:,':;; Date Acoulced Name
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
SCHEDULE D - PART 5 IAI • T, Bond:; and Stocks '''01 ""1'1, Durina Vear and Fullv ' OF Durina Current V"ar
6 7 8 9 10 11 I I 12 13 14 15
Current Total Par Value Year's Change in (Bonds) Book! Current Other- Book!
or Adjusted Unrealized
!~~i.;i Than- Adjusted
Number of Carrying Valuation Carrying
DI6a~:al Name of ~~~~~~ Consid- Value at Increase! I Valu (12 +
I Aclual Cost eration Disposal I 13-141 0 0 0
0 0 0
0
17 18 19 20 21
T~~al Foreign
Exchange Interest Change in Foreign and Paid for
Book! Exchange Realized Dividends Accrued
~~,,-s;~ ~=~~~ Gain Total Gain Received Interest
C~~~g ~~~s~~ ~~~s~~ D~:;rg and I I I
0
0 0
0 ,
(
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
Schedule D-Part 6-Section 1-Valuation of Shares of Subsidiary, Controlled or Affiliated Companies
NONE
Schedule D - Part 6 - Section 2
NONE
E16
-. ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
SCHEDULEDA-PART1 All M ; Owned r 31 of Cunen! Year
1 2 5 6 7 8 ; ; 13 ,. Inter, s! 21 3 • 9 10 l'
T~~al 15 16 17 " 19 20
Current Foreign Amount Due Year's Exchange and Accrued
Current Other- Change in Dec. 31 of Book! Unrealized Year's Than- Book! Current Non- Amount
CUSIP
M~~~'Y Adjusted Valuation ,em\",ffi'Y.
c~~fui;; Year on Admitted Effective Received Paid for
Identi- For- Date Carrying Increase/ Par Value Actual Cos!
Bonds not ~~~~~~ Rate Rate When D~;~rg ~:.r;;,":i
1'~99999' T01'
; I Code e;on I ACQuired Name 01 Vendor Value Accrel;on ;n Oelault 01 Pa;d
I 0 xxx xxx 0
. "at , ~
13899999. ·ot,
; ; ; )() XXX 0
I . land i ; )()
~ XXX 0
til ,
; ; , 0 ; )() XXX XXX
7899999. rof< 0
~ 18399999. r::: ~ ; XXX XXX 0
0 XXX
~ ~ _8699999. ; ; land ; · :inanclal Sq Tr8y III I ig Serv Fd ... ... . Q:mercQ Bank HA
XXX. r..<: Financial Sq T(51 ttl I ig Serv Fd .. j ............ j~;~:"''' • Coornerce Bank NA ;'", ;.'"
. ... 0.'" "': . ''''L~ · FiNlncial Sq Trsy !lI1 ig Serv Fd . j ........ C:merce Bank NA . . 0.'" .... "'T .
~,.. · "' Flo ;, ,<T"r """So .. Fd 1,21""",, . "'''" So •• Co .."'T .
'." 4
,. l'
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutuaiinsurance Association
Schedule DB - Part A - Section 1 - Options, Caps, Floors, Collars, Swaps and Forwards Open
NONE
Schedule DB - Part A - Section 2 - Options, Caps, Floors, Collars, Swaps and Forwards Terminated
NONE
Schedule DB - Part B - Section 1 - Futures Contracts Open
NONE
Schedule DB - Part B - Section 1 B - Brokers with whom cash deposits have been made
NONE
Schedule DB - Part B - Section 2 - Futures Contracts Terminated
NONE
Schedule DB - Part 0 - Section 1 - Counterparty Exposure for Derivative Instruments Open
NONE
Schedule DB - Part D-Section 2 - Collateral for Derivative Instruments Open - Pledged By
NONE
Schedule DB - Part D-Section 2 - Collateral for Derivative Instruments Open - Pledged To
NONE
Schedule DL - Part 1 - Reinvested Collateral Assets Owned
NONE
Schedule DL - Part 2 - Reinvested Collateral Assets Owned
NONE
E18, E19, E20, E21, E22, E23, E24, E25
~ ..... . tl3fl( 10lla .. .
ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
SCHEDULE E - PART 1 - CASH 1 2 3
.................... Toia .. ........ Shenandoah, lOla .
4 Amount 01 Interest Recei~~~~Uring
5 ... _~';,l.~~nt of Interest
ncc~;'2'"~:~;~!':: 31
I~ ... '199:3s2 .. I me allowable limit in anyone depository (See j
i iWhlCiidonofe;Ceed uo<lu,,,, • open I xxx
XXX xxx
XXX 238 1., ... ,iDepositSirl... ,;:::: I; WhiCh ""no' I allowable limit in anyone depository \;;)1:'1:1 instructions) • suspended
i
~= 238 Xxx
TOTALS OF DEPOSITORY BALANCES ON THE LAST DAY OF EACH MONTH DURING THE CURRENT YEAR 1. January._ .. .. __ JI2.729 4. April... . ..... .348,794 7. July........ ..533,577 10. October 2. February .... . ................... 132,046 5. May.... . .................. 3fl1.994 8. AugusL... . .................. 364,012 11. November... 3. March 264,021 6. June 393.743 9. Sa lember 374,409 12. December
E26
6 7
xxX 199,352 XXX
I xxX o XXX
'99.352 xxX 64 xxX
...................... 403.954 . ......... 324,308
199,352
• , ANNUAL STATEMENT FOR THE YEAR 2015 OF THE Pioneer Mutual Insurance Association
Schedule E - Part 2 - Cash Equivalents Owned
NONE
Schedule E - Part 3 - Special Deposits
NONE
1=?7 I=?R
