Utah Insurance Receivers Office

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American Western Life Insurance Company in Liquidation            
Balance Sheet            
December 31, 2007            
             
Date of Liquidation - August 28, 1997            
             
  Balances as of   Net Change  
  August 28, 1997   December 31, 2007   Increase (Decrease)  
             
Assets            
             
           Invested Assests            
               Bonds $1,851,849   $0   ($1,851,849)  
               Real Estate 585,603   0   (585,603)  
               Cash 402,607   916,196   513,589  
               Short Term Investments 5,101   0   (5,101)  
             
            Total Invested Assets 2,845,160   916,196   (1,928,964)  
             
             
             Other Assets            
                 Other Assets 30,664   0   (30,664)  
                 Furniture, Fixtures, Equip 753,930   1,500   (752,430)  
             
             Total Other Assets 784,594   1,500   (783,094)  
             
             
              Receivables            
                  Premiums Receivable 18,185   0   (18,185)  
                  Investment Income Receivable 26,844   0   (26,844)  
                  Due From Reinsurers 268,487   0   (268,487)  
                  Miscellaneous Receivable 348,704   0   (348,704)  
                  Litigation Recoverable 0   0   0  
                  Taxes Recoverable 69,942   0   (69,942)  
             
               Total Receivables 732,162   0   (732,162)  
             
             
Total Assets $4,361,916   $917,696   ($3,444,220)  
             
             
             
Liabilities & Capital            
             
              Liabilites            
                  Reserves $4,788,728   $0   ($4,788,728)  
                  Deposits 60,739   0   (60,739)  
                  Accounts Payable - POC's     642,267   642,267  
                  Taxes Payable (3,866)   0   3,866  
                  Accounts Payable 164,491   0   (164,491)  
                  Asset Valuation Reserve 44,131   0   (44,131)  
                  Payable to Guaranty Assoc     3,214   3,214  
                  Other Liabilities 150   125,000   124,850  
                  Unclaimed Property 55,451   117   (55,334)  
             
               Total Liabilities