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Unaudited Interim Statements of Financial Position - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Fixed maturities available for sale, at fair value (amortized cost: 2020 - $1,587,004; 2019–$1,437,796) $ 1,771,553 $ 1,550,096
Fixed maturities, trading, at fair value (amortized cost: 2020 - $14,221; 2019–$14,221) 12,727 13,700
Equity securities, at fair value (cost: 2020 - $5,065; 2019–$5,139) 7,311 7,512
Policy loans 213,467 211,986
Commercial mortgage and other loans (net of $457 and $165 allowance for credit losses at June 30, 2020 and December 31, 2019, respectively) 137,914 [1] 143,098
Other invested assets (includes $37,189 and $24,726 of assets measured at fair value at June 30, 2020 and December 31, 2019, respectively) 107,524 89,536
Total investments 2,250,496 2,015,928
Cash and cash equivalents 41,120 55,924
Deferred policy acquisition costs 203,125 178,813
Accrued investment income 20,984 19,539
Reinsurance recoverables 4,310,574 3,200,642
Receivables from parent and affiliates 39,848 32,820
Income taxes receivable 1,827 [1] 6,268
Other assets 22,948 21,203
Separate account assets 15,290,949 15,904,208
TOTAL ASSETS 22,181,871 21,435,345
LIABILITIES    
Future policy benefits 3,425,560 2,302,959
Policyholders’ account balances 2,477,893 2,424,120
Cash collateral for loaned securities 2,700 2,481
Short-term debt to affiliates 0 89
Payables to parent and affiliates 26,632 24,958
Other liabilities 156,347 [1] 140,628
Separate account liabilities 15,290,949 15,904,208
Total liabilities 21,380,081 20,799,443
EQUITY    
Common stock ($5 par value; 400,000 shares authorized, issued and outstanding) 2,000 2,000
Additional paid-in capital 348,735 268,021
Retained earnings 304,986 280,246
Accumulated other comprehensive income (loss) 146,069 85,635
Total equity 801,790 635,902
TOTAL LIABILITIES AND EQUITY $ 22,181,871 $ 21,435,345
[1]
June 30, 2020 amounts include the impacts of the January 1, 2020 adoption of ASU 2016-13. See Note 2 for details.