investment portfolio summary.pdfVIP

investment portfolio summary United of Omaha Life Insurance Company A Mutual of Omaha Company LGC6767_0410 december 31, 2009 general asset account and retirement plans division investment portfolio analysis united of omaha life insurance company 2009 Prepared by investment management business unit Table of Contents Introduction to United of Omaha 1 Organizational Structure 2 Investment Policy: Retirement Plans Division 4 2010 Investment Strategy 5 Diversification of Assets 6 Purchases and Sales of Investments 7 Corporate Bond Investments 8 Non-Investment Grade Bond Investments 9 Residential Mortgage-Backed Securities Investments 10 Commercial Mortgage-Backed Securities Investments 11 Asset-Backed Securities Investments12 Bond Portfolio Quality Ratings 13 NAIC Bond Quality Classifications 14 Commercial Mortgage Loan Investments 15 Mortgage Loan Portfolio Quality Ratings 16 Derivatives 17 Asset Valuation Reserve18 Fixed-Income Portfolio Maturity Schedule 19 Portfolio Segmentation 20 Institutional Investment Contract Segment 21 Single Premium/Terminal Funding Annuity Segment 22 Liquidity Analysis 23 Asset/Liability Management 24 1Introduction to United of Omaha Mutual of Omaha Long-Term Ratings: United of Omaha A.M. Best Company, Inc. A+ (Superior) (for overall financial strength and ability to meet This rating is second highest of 16 ongoing obligations to policyholders) Moody’s Investors Service Aa3 (Excellent) (for current financial strength and ability to This rating is fourth highest of 21 withstand financial stress in the future) Standard Poor’s AA- (Very Strong) (for financial strength to meet obligations This rating is fourth highest of 21 to policyholders) Short-Term Ratings: United of Omaha Moody’s Investors Service Prime-1 (Superior) (for ability for repayment of senior short-term This rating is highest of 3 policyholder claims and obligations) Standard Poor’s A-1+ (Extremely Strong) (for ability to meet the financial commit