CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited and amounts in thousands) 17 Condensed Consolidated Balance Sheet • 2002 Annual Report The complete financial statements are found in the attached SEC Form 10-K with additional schedules and footnotes thereto. Assets: Fixed maturities at fair value * $7,194,392 $6,526,429 Cash and short term investments 79,993 137,870 Mortgages and real estate 131,156 126,268 Other investments 385,391 317,521 Deferred acquisition costs * 2,286,225 2,182,362 Goodwill 378,436 378,436 Other assets 248,334 256,983 Separate account assets 1,656,795 2,502,284 Total assets $12,360,722 $12,428,153 Liabilities and Shareholders’ Equity: Policy liabilities $6,130,954 $5,771,815 Accrued income taxes * 720,176 580,287 Short-term debt 201,479 204,037 Long-term debt 551,564 536,152 Other liabilities 103,874 191,894 Separate account liabilities 1,656,795 2,502,284 Trust preferred securities 144,427 144,557 Shareholders’ equity * 2,851,453 2,497,127 Total liabilities and shareholders’ equity $12,360,722 $12,428,153 Actual shares outstanding: Basic 118,267 122,888 Diluted 118,598 123,354 * Excluding the fair value adjustment under accounting standard FAS 115: Fixed maturities $6,888,830 $6,528,244 Deferred acquisition costs 2,303,830 2,181,012 Accrued income taxes 619,391 580,450 Shareholders’ equity 2,664,281 2,497,429 Book value per diluted share $22.46 $20.25 Return on equity 16.5% 16.6% Debt to capital ratio (treating preferred stock as debt) 25.2% 26.2% Annualized Life and Health Premium In Force: Life $1,343,156 $1,257,413 Health 1,030,482 1,042,643 Total $2,373,638 $2,300,056 At December 31, 2002 2001