Exhibit A - Risk categories

Current through April, 2024

(A) Morbidity;

(B) Mortality;

(C) Lapse.

The risk that a policy will voluntarily terminate before the statutory surplus strain experienced at issue of the policy is recouped;

(D) Credit Quality.

The risk that invested assets supporting the reinsured business will decrease in value. The main hazards are that assets will default or that there will be a decrease in earning power. Credit quality risk excludes market value declines due to changes in interest rates.

(E) Reinvestment.

The risk that interest rates will fall and funds reinvested (coupon payments or monies received upon asset maturity or call) will earn less than expected. If asset durations are less than liability durations, the mismatch will increase.

(F) Disintermediation.

The risk of disintermediation, which is the risk that interest rates may rise and policy loans and surrenders increase or maturing contracts do not renew at anticipated rates or renewal. If asset durations are greater than liability durations, the mismatch will increase. Policyholders will move their funds into new products offering higher rates. The company may have to sell assets at a loss to provide for these withdrawals.

SIGNIFICANCE OF RISK:

	Risk Categories
	A	B	C	D	E	F
Health insurance, other than long-term care or long term disability	+	o	+	o	o	o
Health insurance, including long-term care or long-term disability	+	o	+	+	+	o
Immediate annuities	o	+	o	+	+	o
Single premium deferred annuities	o	o	+	+	+	+
Flexible premium deferred annuities	o	o	o	+	+	+
Guaranteed interest contracts	o	o	o	+	+	+
Other annuity deposit business	o	o	+	+	+	+
Single premium whole life	o	+	+	+	+	+
Traditional non-participating permanent	o	+	+	+	+	+
Traditional non-participating term	o	+	+	o	o	o
Traditional participating permanent	o	+	+	+	+	+
Traditional participating term	o	+	+	o	o	o
Adjustable premium permanent	o	+	+	+	+	+
Indeterminate premium permanent	o	+	+	+	+	+
Universal life flexible premium	o	+	+	+	+	+
Universal life fixed premium with dump-in premiums allowed	o	+	+	+	+	+
+ - significant o-insignificant