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QUARTERLY STATEMENT of the American Family Life Assurance Company of Columbus Aflac of Omaha in the State of NE to the Insurance  Form

QUARTERLY STATEMENT of the American Family Life Assurance Company of Columbus Aflac of Omaha in the State of NE to the Insurance Form

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Understanding the Quarterly Statement

The Quarterly Statement of the American Family Life Assurance Company of Columbus Aflac of Omaha in the State of Nebraska serves as a comprehensive financial report. This document outlines the company's financial position, operational results, and compliance with state regulations for the period ended March 31. It includes crucial data such as premiums earned, claims incurred, and reserves maintained, which are essential for assessing the company's financial health and stability in the life and accident and health insurance sectors.

How to Use the Quarterly Statement

Utilizing the Quarterly Statement involves reviewing its various sections to gain insights into the company's performance. Stakeholders, including policyholders and investors, can analyze key metrics such as loss ratios and expense ratios. This analysis aids in understanding how effectively the company manages its resources and liabilities. Additionally, the statement can serve as a tool for comparing performance against industry benchmarks or previous quarters.

Obtaining the Quarterly Statement

The Quarterly Statement can typically be obtained through the official website of the American Family Life Assurance Company of Columbus Aflac of Omaha. Interested parties may also request a copy directly from the company's customer service or corporate office. It is important to ensure that the most recent statement is accessed to obtain accurate and timely information.

Key Elements of the Quarterly Statement

Key elements of the Quarterly Statement include:

  • Balance Sheet: Displays the company's assets, liabilities, and equity at the end of the reporting period.
  • Income Statement: Provides a summary of revenues, expenses, and profits or losses for the quarter.
  • Cash Flow Statement: Shows the inflows and outflows of cash, highlighting the company's liquidity position.
  • Notes to Financial Statements: Offers additional context and explanations regarding specific figures and accounting policies.

Legal Use of the Quarterly Statement

The Quarterly Statement is a legally required document that must be filed with the Insurance Department of the State of Nebraska. It serves as a public record, ensuring transparency and accountability in the insurance industry. Companies must adhere to specific guidelines and regulations when preparing this statement to avoid penalties and maintain compliance with state laws.

Filing Deadlines and Important Dates

Filing deadlines for the Quarterly Statement are typically set by the Insurance Department of the State of Nebraska. Companies must submit their statements within a specified timeframe following the end of the reporting period. It is essential for companies to stay informed about these deadlines to ensure timely compliance and avoid potential fines or sanctions.

Digital vs. Paper Version

The Quarterly Statement can be submitted in both digital and paper formats. Digital submissions are often preferred due to their efficiency and ease of access. Companies may utilize electronic filing systems provided by the Insurance Department, which streamline the submission process. However, paper submissions may still be accepted, depending on the company's preferences and regulatory requirements.

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