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Mutual. Strong. Trusted.

2008

Annual Report


{ Contents Message to Our Policyholders and Customers. . . . . . . . . . . . . 1 Company Structure and Financial Strength Ratings. . . . . . . . . 4 Consolidated Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Financial Summary Enterprise Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Business Unit Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Annual Meeting The annual members meeting of UNIFI Mutual Holding Company will be held at the mutual holding company administrative office in Lincoln, Nebraska, on such day and at such time of day as may be determined by the Board of Directors, but in no event later than June 30 of each year. The meeting in 2009 will be held at 9 a.m. central daylight time on Wednesday, May 6.

UNIFI Companies Mission Statement

UNIFI Companies Leadership . . . . . . . . . . . . . . . . . . . . . . . 12

Protect and enhance the financial security and quality of life of individuals, families and businesses through insurance and financial products and services. UNIFI Companies operates in the long-term best interest of our members with the overriding objectives of financial strength, stability and service through a mutual company philosophy. Our companies maintain their brand identity and heritage while combining their financial strength and sharing resources.

UNIFI Companies Contact Information . . . . . . . . . . . . 14

Our Commitments

Financials* Consolidated Balance Sheets. . . . . . . . . . . . . . . . . . . . . . . . 8 Consolidated Statements of Operations . . . . . . . . . . . . . . . . 9 UNIFI Companies At A Glance . . . . . . . . . . . . . . . . . . . . . . 10

We operate using basic principles that are ingrained in some simple, timeless ideals. These commitments, or pledges, are: • Operate in the best interest of our members • Operate with integrity and the highest ethical standards • Deliver value to our customers • Earn trusted relationships with our distribution partners • Ensure that all associates have meaningful work • Act with financial discipline • Maintain a presence in the communities where our companies are located • Keep our promises

*Consolidated audited financial statements are available at www.UNIFIcompanies.com or by request at 800-745-1112. ©2009 UNIFI Mutual Holding Company.


{ Message to Our Policyholders and Customers There is no question that the current state of the economy and financial markets has made this an unprecedented time in our history. UNIFI Mutual Holding Company (UNIFI Companies) has not been immune to the impact of declining financial markets felt by every business, community and household in America, as well as worldwide. Despite this, we are pleased to report that our company is in a solid position at this stage of the economic cycle. In 2008, total assets under management declined to $29.5 billion, down $7 billion, or 19 percent compared to 2007. The year ended with new sales totaling more than $996 million. Pretax operating income for 2008 was $101.5 million, excluding realized gains and nonrecurring expenses. Financial results from all lines of business resulted in an after-tax net loss of $273.8 million. Compared to December 31, 2007, total equity declined to $1.6 billion and total combined assets were $15.5 billion. History is on our side. Ameritas Life, Acacia Life and Union Central Life have served their policyholders, customers and the communities they call home for the last 121, 139 and 141 years, respectively. We’ve flourished during the good times and weathered the bad. More importantly, the lessons of history are the same reasons why we chose a mutual organizational structure, why we are diversified in our businesses while focusing on building long-term trusted relationships, why we conduct our business and financial management with a conservative eye and why we always take the long view.

Financial Strength Remains Strong UNIFI Companies’ core indicators of financial strength and resiliency remained strong throughout 2008. Our businesses and divisions continue to make progress as illustrated here: • The Individual and Retirement Plans Division sales finished the year 2 percent above 2007 results. This growth is highlighted by a 19 percent increase in annuity sales, 11 percent growth in individual disability insurance and life insurance sales that matched 2007 record results. The division’s distribution expansion initiative added many new agencies that contracted business with UNIFI Companies for the first time in 2008. Along with achieving their asset persistency goals, the retirement plans businesses developed and will launch a new product in 2009

John H. Jacobs, Chairman and Chief Executive Officer

that will create new sales opportunities for UNIFI in the $3- to $20-million market. The retirement plans businesses also developed a new Individual Retirement Account/Simplified Employee Pension (IRA/SEP) product that will provide future sales opportunities while contributing more than $130 million in new premium to UNIFI. • Ameritas Group posted another record year by retaining 90 percent of its business while increasing sales by 8.2 percent, eye care sales by 19.6 percent, overall revenue by 8.6 percent and growing the number of covered plan members by 11.5 percent to more than 4.4 million people. The division also grew its PPO (preferred provider organization) dental network to more than 100,000 provider access points nationwide.


{ Message to Our Policyholders and Customers • Ameritas Investment Corp.SM (AIC) enhanced its proprietary investment advisory platform, resulting in a 42 percent increase in new managed accounts and a record year of revenues from financial planning services. AIC met its clients’ flight to quality and income needs by selling $780 million in fixed income securities, a 10 percent increase from the prior year. • Calvert was named UNIFI’s sole mutual fund operation in October 2008, and following shareholder and policyowner approval, assumed management of the Summit mutual fund family, which included more than 20 funds. The benefits of scale, Calvert’s expertise across a broader range of asset classes and stronger distribution prompted the consolidation. • Summit Investment Partners, Inc.SM leveraged its investment expertise, derived from unaffiliated investment assets, to support innovative new products. • Acacia Federal Savings Bank developed a successful multimedia advertising campaign that garnered $24 million in retail certificates of deposit in the fourth quarter and contributed to an increase in retail deposits of $60 million, or 32 percent over 2007. The Retail Mortgage Division closed 703 loans in 2008, totaling nearly $212.8 million, an increase of 40 percent over 2007. • AIC’s Public Finance Division was the senior manager for $475 million in business through 199 separate bond issues. The division retained its position as the leading investment banking firm in Nebraska for 2008.

Looking Back and Looking Ahead We are deeply saddened by the death of Lawrence J. Arth, UNIFI’s recently retired chairman, who passed away in August 2008. Arth’s forty-year career began in 1968 when he joined Bankers Life Nebraska (which later became Ameritas). He rose through the ranks of the investment department to become chairman of the board of Ameritas Life and UNIFI Mutual Holding Company. Arth’s legacy is one of highest ethical standards, compassion, dedication to community service, promises kept, enterprise-wide growth and a commitment to UNIFI members, customers, associates and financial professionals.

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JoAnn M. Martin, President and Chief Operating Officer

Three members retired from the UNIFI Companies Board of Directors in 2008: Dr. Floretta McKenzie, founder and chairwoman of The McKenzie Group in Washington, D.C.; Larry R. Pike, retired chairman, president and chief executive officer of Union Central; and Haluk Ariturk, who also retired as chairman, president and chief executive officer of Acacia Life. Thomas E. Petry, retired chief executive officer of Eagle-Picher Industries, Inc., also completed his service as a member of the board. We are grateful to these directors for their years of service. Each added energy, wisdom and tireless dedication to UNIFI Companies.


As a result of Haluk Ariturk’s retirement, Barbara J. Krumsiek was elected director and chair of Acacia Life. She also serves as chair, president and chief executive officer of Calvert Group, Ltd. Krumsiek joined Calvert in 1997 as president, chief executive officer and vice chair. Salene Hitchcock-Gear was elected president and chief executive officer of Acacia Life Insurance Company. She also serves as president and chief executive officer of Ameritas Investment Corp. Hitchcock-Gear joined the broker dealer in 2000 as president and chief executive officer. Steven J. Valerius was elected president of Union Central Life. He has served in various leadership positions since joining the company in 1986. JoAnn M. Martin was elected president and chief operating officer of UNIFI Mutual Holding Company as of January 1, 2009. She also serves on the UNIFI Board of Directors and as chair, president and chief executive officer of Ameritas Life. Martin joined Ameritas in 1984 and has held many leadership roles.

Mutual. Strong. Trusted. In addition to conservative financial management and diversification of our businesses, one of UNIFI Companies’ best defenses against the current economic conditions is mutuality. As a mutual organization, we act in the long-term best interests of our policyholders and customers. The ability to conduct business with singularity of purpose is the reason mutuality was chosen for our corporate structure. Our mutuality also is the reason we remain optimistic about the future. Ameritas Life, Acacia Life and Union Central Life have individually weathered past economic, political and social storms dating back to the 1860s. While we don’t know when this recession will end, we know if we continue to act with fiscal prudence, focus the strength of our enterprise on long-term growth and always conduct ourselves in the best interests of you—our policyholders and customers—we’ll weather this storm, too. More importantly, in good times and in bad, we will keep our focus on standing with you to ensure your insurance and financial products and services are there when you need them. Today. Tomorrow. 50 years from now. 100 years from now. Sincerely,

John H. Jacobs, CLU Chairman and Chief Executive Officer

JoAnn M. Martin, CPA, FLMI President and Chief Operating Officer

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{ company structure and financial strength Ratings UNIFI Mutual Holding Company Structure

Ratings

As a mutual holding company, UNIFI Mutual Holding Company (UNIFI Companies) is the parent company, which owns Ameritas Holding Company. Ameritas Holding Company, in turn, owns Ameritas Life Insurance Corp. (Ameritas Life), Acacia Life Insurance Company (Acacia Life), The Union Central Life Insurance Company (Union Central Life) and Summit Investment Advisors, Inc.

The financial strength and operating performance of Ameritas Life Insurance Corp., Acacia Life Insurance Company, The Union Central Life Insurance Company and First Ameritas Life Insurance Corp. of New York are reflected in strong group ratings by independent rating agencies.

UNIFI Companies—Ameritas Life, Acacia Life, Union Central Life and their affiliated companies—offers a wide range of insurance and financial products and services to individuals, families and businesses. These products and services include life insurance; annuities; individual disability insurance; group dental, eye care and hearing care insurance; retirement plans; investments; mutual funds; banking and public finance. For more information, see “UNIFI Companies At A Glance” on pages 10 and 11, or visit UNIFI Companies’ Web site at www.UNIFIcompanies.com.

UNIFI Mutual Holding Company Ameritas Holding Company Ameritas Life Insurance Corp. Ameritas Investment Corp. First Ameritas Life Insurance Corp. of New York Pathmark Administrators, Inc.SM Acacia Life Insurance Company Calvert Group, Ltd. Acacia Federal Savings Bank The Union Central Life Insurance Company Summit Investment Partners, Inc. PRB Administrators, Inc. Summit Investment Advisors, Inc.

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Standard & Poor’s AA– (Very Strong) for insurer financial strength. This is the fourth highest of Standard & Poor’s 21 ratings. A.M. Best Company A (Excellent) for financial strength and operating performance. This is the third highest of A.M. Best’s 15 ratings.


{ consolidated Statistics pretax operating net income

Gaap Assets

Total Assets Under Management 20.0

40

300

36.5

18.0 17.3

33.5

35

17.5

30.1

219.8 150

15.5

178.0

29.5

25.0

12.5

25

‘06

‘05

‘07

0 ‘04

2008

101.5

75

10.0

20 ‘04

232.6

15.9

15.0

30

215.8

225 15.6

‘05

‘06

‘07

2008

‘04

‘06

‘05

(In Billions of Dollars)

(In Billions of Dollars)

2008

(In Millions of Dollars)

GAAP Equity

Realized equity

gaap pretax net income

2.50

2.50

‘07

300.0 234.0 247.4

2.2

2.25

2.2

2.25 2.0

2.0 2.00

137.5

2.00

1.9

185.1

0 (25.0)

1.9 1.8

1.9

1.8

1.75

1.75

241.3

(187.5) 1.6

1.50

1.50 ‘04

‘05

‘06

‘07

‘04

2008

(321.7) (350.0)

‘05

‘06

‘07

2008

‘05

‘06

‘07

2008

(In Millions of Dollars)

(In Billions of Dollars)

(In Billions of Dollars)

‘04

Statutory Premiums

Life insurance In Force 80.0

2,500 76.4

2.3

73.7 72.5

2,250

68.9

2.1 64.4 65.0

1.9

2,000 59.9

57.5

1,750

50.0

1,500

1.7

1.5 ‘04

‘05

‘06 (In Billions of Dollars)

‘07

2008

‘04

‘05

‘06

‘07

2008

(In Billions of Dollars)

5


{ Financial summary enterprise overview Pretax net loss for our diversified insurance and financial businesses was $321.7 million, a significant decrease from the prior year. Excluding realized gains and other nonrecurring costs, pretax operating income was $101.5 million, down 53 percent compared to the prior year. Total revenues were $1.3 billion, down $554 million, or 29.5 percent, compared to the same period in 2007. Realized equity, as a percent of total assets, remained strong at 12 percent. This strong equity position represents the company’s commitment and ability to fulfill future obligations and promises. Total equity was $1.6 billion, down nearly 26 percent compared to December 31, 2007. This decrease was primarily due to the current year’s loss and the increases on unrealized losses on available for sale fixed maturity securities portfolio.

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Total combined assets were $15.5 billion, a decrease of $2.5 billion, or 13.9 percent, compared to December 31, 2007. As the major balance sheet asset of UNIFI Companies, the investment portfolios are well diversified with the largest component—the consolidated bond portfolio—having a solid weighted average quality of ‘A.’ Claims and payments to policyholders totaled $2.2 billion. These payments consisted of death, disability, dental and eye care payments, as well as annuity and other contractual obligations.


business unit overview The individual business is comprised of life insurance, annuity products and disability income insurance. The individual business generated pretax operating income, excluding realized gains, of $48.5 million, a decrease of 36 percent compared to 2007. Results were impacted by negative returns in the marketplace which reduced asset based charges along with an accelerated write down on deferred policy acquisition costs and an increase in liabilities on variable products with guaranteed withdrawal benefits. The retirement plans business reported pretax operating income of $2.4 million, a decrease of 78 percent compared to 2007. The decrease is attributed to poor market returns resulting in lower asset based charges combined with anticipated increases in expenses. Ameritas Group Division (group dental, eye care and hearing care insurance) experienced operating pretax income of $34.9 million, down 5 percent compared to $36.8 million in 2007. These results were driven by morbidity gains, while expense deviations were less favorable than the prior year. The division continued to experience improved profits in the non-insured and eye care products.

Calvert’s results were driven by the unprecedented worldwide credit crisis and the economic uncertainty. Compared to December 31, 2007, mutual fund assets under management decreased by $3.2 billion, or 20 percent, ending at $13 billion for 2008. Pretax operating income was $31.8 million, down $5.4 million, or 15 percent, compared to the same period in 2007. Acacia Federal Savings Bank’s total assets were more than $1.5 billion, an increase of 2.3 percent compared to December 31, 2007. Acacia Federal reported a loss of $8.9 million in 2008, compared to earnings of $13.4 million in 2007, due to additions on the bank’s mortgage loan loss reserve for potential future losses. Realized losses from investments for 2008 were $478.9 million compared to realized gains of $28.6 million in 2007. Losses in 2008 were primarily due to writedowns taken on residential mortgage backed fixed maturity securities, while the gains in 2007 were primarily the result of stock and real estate sales.

The financial line of business—Calvert Group, Ltd., Summit companies, Ameritas Investment Corp. and Acacia Federal Savings Bank—experienced a weaker year with total pretax operating income (excluding realized gains and merger-related expenses) of $24.4 million, down 58 percent compared to the same period in 2007.

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{ consolidated balance sheets

unifi mutual holding company and subsidiaries Consolidated Balance Sheets (unaudited, in thousands) December 31

2008

2007

Assets $6,390,877

206,595

343,955

2,492,425

2,503,449

Loans on insurance policies

317,222

312,339

Other liabilities

Other investments

296,505

384,818

Separate accounts

Total investments

8,874,801

9,935,438

Cash and cash equivalents

400,332

210,569

Accrued investment income

106,967

110,767

1,163,891

886,688

Retained earnings

825,691

535,749

Accumulated other comprehensive loss

4,123,948

6,322,520

$15,495,630

$18,001,731

Mortgage loans

Deferred policy acquisition costs Other assets Separate accounts

Total assets

8

Policy and contract liabilities $5,562,054

Equity securities

2008

2007

$7,848,818

$7,523,080

1,027,412

919,986

375,702

437,306

49,845

49,836

477,999

595,772

4,123,948

6,322,520

13,903,724

15,848,500

2,335

2,407

1,939,141

2,207,423

(349,570)

(56,599)

1,589,571

2,150,824

$15,495,630

$18,001,731

Liabilities and Equity

Investments: Fixed maturity securities

December 31

Savings deposits Borrowings Surplus notes payable

Total liabilities Minority interest in subsidiary

Total equity

Total liabilities and equity


{ consolidated statements of operations

unifi mutual holding company and subsidiaries Consolidated Statements of Operations (unaudited, in thousands) December 31

2008

December 31

2007

Income

Benefits and Expenses

Insurance revenues:

Policy benefits

Premiums

2007

$974,979

$897,578

589,535

595,132

$788,475

$740,943

Contract charges

275,571

303,105

Interest expense

61,167

63,080

Reinsurance

(27,343)

(56,407)

Amortization of deferred policy acquisition costs

18,444

86,535

147,617

149,473

1,644,125

1,642,325

Broker dealer revenues

82,784

88,645

Net investment income

488,512

574,099

(321,683)

233,979

(478,902)

28,596

45,728

47,650

(47,775)

75,703

1,322,442

1,876,104

(273,908)

158,076

72

(217)

$(273,836)

$157,859

Mutual fund management and related fees

Realized gains (losses), net Other

Sales and operating expenses

2008

Income (loss) before income taxes and minority interest in (earnings) loss of subsidiary Income taxes Income (loss) before minority interest in (earnings) loss of subsidiary Minority interest in (earnings) loss of subsidiary

Net income (loss)

9


{ unifi companies at a glance Individual Businesses

Products and Services

• Variable universal life insurance • Term life insurance • Whole life insurance • Secondary guarantee universal life insurance • Survivor universal life insurance • Indexed universal life insurance • Universal life insurance • Traditional, variable and indexed annuities • Disability income insurance • Business, financial and estate planning

Retirement Plans CORPORATE AND NOT-FOR-PROFIT BUSINESSES • 401(k) Plans • Safe Harbor 401(k) Plans • Sole Proprietor 401(k) Plans • Profit Sharing • Money Purchase Pension Plans • New Comparability Plans • Defined Benefit Plans • Cash Balance Plans GOVERNMENTAL EMPLOYERS • 414(h) Governmental Pick-up Plans • 457(b) Governmental Plans

Group Business DENTAL PLANS EYE CARE PLANS • Tailored Indemnity • Vision Perfect® • Value Source® • Focus® • EssentialDental® • ViewPointe® • Dental Rewards® • Voluntary • Voluntary • Exam or Materials Only • Managed Care/ • High/Low, Core/Buy-up PPO Network • EyeChoice® • Small Group Trust • Vision Perfect Choice • High/Low, Core/Buy-up • Lasik Advantage® • Dual Choice • Administrative hearing CARE PLANS Services Only • SoundCareSM • Individual Programs • Orthodontia, cosmetic • $ensible Choice® DENTAL AND EYE CARE COMBINED • FUSION: The Ultimate Choice®

Distribution

• General Agencies • Independent representatives • Disability income centers • Fee-only advisors • Brokerage General Agencies

• General Agencies • Independent representatives • Strategic Alliances • Employee benefit specialists • Independent broker dealers • Third-party administrators

• Group representatives • National Accounts • Independent representatives • Brokers/producers • Third-party administrators • Strategic Alliances • Special Marketing Alliances • E-business

Companies, Divisions and Contact Information

• Ameritas Life Insurance Corp. ameritas.com 800-745-1112 variable.ameritas.com 800-634-8353 • Acacia Life Insurance Company acaciagroup.com 800-444-1889 • The Union Central Life Insurance Company unioncentral.com 800-825-1551 • First Ameritas Life Insurance Corp. of New York newyork.ameritas.com 800-222-6968

unifi companies retirement plans • Ameritas Retirement Plans, a division of Ameritas Life Insurance Corp. retire.UNIFIcompanies.com 800-923-2732 • Union Central Retirement Plans, a division of The Union Central Life Insurance Company retire.UNIFIcompanies.com 800-825-4546

• Ameritas Group, a division of Ameritas Life Insurance Corp. ameritasgroup.com 800-776-9446 • First Ameritas Life Insurance Corp. of New York firstameritasgroup.com 800-201-8562

* Companies offering products and services are detailed on page 12

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investments

mutual funds

banking

public finance

• Stocks and ETFs • Municipal and corporate bonds • Fixed income securities • Managed Accounts • Asset management • Variable universal life insurance • Variable annuities • Retirement plan products • Mutual funds • Corporate cash management • Separate Account management • College savings plans • Financial planning • Commercial loans • Real estate • Structured products • Unit investment trusts • Trust services • Retirement income strategies • Donor advised fund

• Equity, bond and money market funds, including sustainable and responsible strategies • Asset allocation funds including target risk and lifestyle strategies • Pension and retirement plan investment options • Sub-advisory services • Insurance trusts

• Checking and savings accounts • Certificates of deposit • Money Market accounts • Health Savings Accounts • Internet banking – retail and commercial • Consumer loans • Home mortgage loans • Construction loans • Commercial real estate loans • Commercial business loans

• Financial advisory • General obligation bonds • Revenue bonds • Tax anticipation notes • Bond anticipation notes • Construction notes • Refunding bonds • Lease-purchase obligation • Investment of bond proceeds

• Broker dealers • Registered representatives • Investment advisor representatives • Financial planners/consultants • Bank/financial institution investment representatives

• Broker dealers • Registered Investment Advisors • Financial planners/consultants • Defined contribution benefit plans • Retirement alliances and platforms • High net worth individuals, foundations, endowments • Banks and financial institutions • Insurance companies • Fund supermarkets

• Acacia Federal Savings Bank representatives • Ameritas Investment Corp. representatives and loan officers • Registered representatives/advisors • Independent representatives

• Ameritas Investment Corp. aicinvest.com 800-335-9858 • Calvert Group, Ltd. calvert.com 800-327-2109 • Summit Investment Partners summitinvestmentpartners.com Cincinnati – 877-546-3863 Lincoln – 877-731-3336

• Calvert Group, Ltd. calvert.com 800-368-2748

• Acacia Federal Savings Bank afsbonline.com 800-950-0236

• Ameritas Investment Corp., Public Finance Division aicinvest.com Lincoln – 877-523-6198 Omaha – 800-700-2362

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{ unifi companies leadership Board of Directors James P. Abel James M. Anderson Michael S. Cambron William W. Cook Jr. Michael A. Fisher Bert A. Getz John H. Jacobs James R. Knapp Barbara J. Krumsiek JoAnn M. Martin Francis V. Mastrianna Patricia A. McGuire Tonn M. Ostergard Myrtis H. Powell Edward J. Quinn Jr. Paul C. Schorr III D. Wayne Silby Dudley S. Taft John M. Tew Jr. Winston J. Wade Robert M. Willis

UNIFI senior officers John H. Jacobs, CLU Chairman and Chief Executive Officer Chairman – The Union Central Life Insurance Company

subsidiary presidents and business heads James B. Barber Chairman and Chief Executive Officer – Acacia Federal Savings Bank

JoAnn M. Martin, CPA, FLMI President and Chief Operating Officer Chair, President and Chief Executive Officer – Ameritas Life Insurance Corp.

Salene Hitchcock-Gear President and Chief Executive Officer – Acacia Life Insurance Company President and Chief Executive Officer – Ameritas Investment Corp.

Jan M. Connolly, CLU, FLMI Senior Vice President and Corporate Secretary Nancy A. Dalessio Senior Vice President and Chief Information Officer Dale D. Johnson, FSA, MAAA Senior Vice President and Chief Actuary Robert P. Kocher Senior Vice President – Strategic Thinking Robert-John H. Sands, CLU, ChFC Senior Vice President and General Counsel Janet L. Schmidt Senior Vice President – Director of Human Resources

Individual life insurance products are offered through Ameritas Life Insurance Corp., Acacia Life Insurance Company, The Union Central Life Insurance Company and First Ameritas Life Insurance Corp. of New York. Group annuity plans are offered through Ameritas Life Insurance Corp. and The Union Central Life Insurance Company. Variable life insurance and annuity products are issued by Ameritas Life Insurance Corp. and The Union Central Life Insurance Company and underwritten by affiliate Ameritas Investment Corp. Each UNIFI company is solely responsible for its own financial condition and contractual obligations. UNIFI Companies Retirement Plans is an affiliation of Ameritas Life Insurance Corp. and The Union Central Life Insurance Company’s retirement plans divisions. These companies represent the retirement plans products and services of UNIFI Companies.

12

Barbara J. Krumsiek Chair – Acacia Life Insurance Company Chair, President and Chief Executive Officer – Calvert Group, Ltd. William W. Lester, CFA, FLMI Chairman, President and Chief Executive Officer – Summit Investment Advisors, Inc. President and Chief Executive Officer – Summit Investment Partners, Inc. Steven J. Valerius President – The Union Central Life Insurance Company Kenneth L. VanCleave, LLIF President – Group Division Ameritas Life Insurance Corp. President and Chief Executive Officer – First Ameritas Life Insurance Corp. of New York

Calvert mutual funds and Summit mutual funds are underwritten and distributed by Calvert Distributors, Inc., member FINRA, a subsidiary of Calvert Group, Ltd. Banking products are offered through Acacia Federal Savings Bank, member FDIC, an equal housing lender. Investment advisory services are offered through Summit Investment Advisors, Inc. Municipal bond underwriting is provided by Ameritas Investment Corp. Summit Investment Advisors, Inc.,SM Ameritas Investment Corp.SM and Pathmark Administrators, Inc.SM are service marks of Ameritas Life Insurance Corp. First Ameritas Life Insurance Corp. of New York is a registered service mark owned by First Ameritas Life Insurance Corp. of New York. Acacia Financial Corporation and Acacia Realty Corp. are service marks of Acacia Life Insurance Company. The Calvert Group is a service mark of The Calvert Group, Ltd., an indirect wholly owned subsidiary of Acacia Life Insurance Company. Acacia Federal Savings Bank is a service mark of Acacia Federal Savings Bank, an indirect wholly owned subsidiary of Acacia Life Insurance Company.


{ unifi companies Contact information INDIVIDUAL BUSINESS Ameritas Life Insurance Corp. 5900 O Street Lincoln, NE 68510 800-745-1112 ameritas.com variable.ameritas.com

GROUP BUSINESS Ameritas Group, a division of Ameritas Life 475 Fallbrook Blvd. Lincoln, NE 68521 800-776-9446 ameritasgroup.com

Acacia Life Insurance Company 7315 Wisconsin Avenue Bethesda, MD 20814 800-444-1889 acaciagroup.com

First Ameritas Life Insurance Corp. of New York 400 Rella Blvd., Suite 304 Suffern, NY 10901 800-201-8562 firstameritasgroup.com

The Union Central Life Insurance Company 1876 Waycross Road Cincinnati, Ohio 45240 800-825-1551 unioncentral.com First Ameritas Life Insurance Corp. of New York 400 Rella Blvd., Suite 304 Suffern, NY 10901 800-222-6968 newyork.ameritas.com RETIREMENT PLANS UNIFI Companies Retirement Plans Ameritas Retirement Plans, a division of Ameritas Life 5900 O Street Lincoln, NE 68510 800-923-2732 retire.UNIFIcompanies.com Union Central Retirement Plans, a division of Union Central Life 1876 Waycross Road Cincinnati, Ohio 45240 800-825-4546 retire.UNIFIcompanies.com

INVESTMENTS Ameritas Investment Corp. 5900 O Street Lincoln, NE 68510 800-335-9858 aicinvest.com

BANKING Acacia Federal Savings Bank 7600 Leesburg Pike, East Building, Suite 200 Falls Church, VA 22043 800-950-0270 afsbonline.com MUTUAL FUNDS Calvert Group, Ltd. 4550 Montgomery Ave., Suite 1000N Bethesda, MD 20814 800-368-2748 calvert.com PUBLIC FINANCE Ameritas Investment Corp., Public Finance Division 5900 O Street Lincoln, NE 68510 877-523-6198 – Lincoln 800-700-2362 – Omaha aicinvest.com

Calvert Group, Ltd. 4550 Montgomery Ave., Suite 1000N Bethesda, MD 20814 800-327-2109 calvert.com Summit Investment Partners 390 N. Cotner Blvd. Lincoln, NE 68505 877-731-3336 312 Walnut Street, Suite 2500 Cincinnati, Ohio 45202 877-546-3863 summitinvestmentpartners.com

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Ameritas Life Insurance Corp. 5900 O Street Lincoln, Nebraska 68510 402-467-1122 Toll Free: 800-745-1112

Acacia Life Insurance Company 7315 Wisconsin Avenue Bethesda, Maryland 20814 301-280-1000 Toll Free: 800-444-1889

Approved for client use. UN 1186 2/09

The Union Central Life Insurance Company 1876 Waycross Road Cincinnati, Ohio 45240 513-595-2200 Toll Free: 800-825-1551


UNIFI Annual Report 2008