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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Fixed maturity securities:    
Available for sale, at fair value (amortized cost: 2015 - $35,823,710; 2014 - $30,205,046) $ 36,421,839 $ 32,445,202
Held for investment, at amortized cost (fair value: 2015 - $65,377; 2014 - $75,838) 76,622 76,432
Equity securities, available for sale, at fair value (cost: 2015 - $7,515; 2014 - $7,509) 7,828 7,805
Mortgage loans on real estate 2,435,257 2,434,580
Derivative instruments 337,256 731,113
Other investments 291,530 286,726
Total investments 39,570,332 35,981,858
Cash and cash equivalents 397,749 701,514
Coinsurance deposits 3,187,470 3,044,342
Accrued investment income 362,104 326,559
Deferred policy acquisition costs 2,905,136 2,058,556
Deferred sales inducements 2,232,148 1,587,257
Deferred income taxes 232,683 0
Income taxes recoverable 29,599 9,252
Other assets 123,942 280,396
Total assets 49,041,163 43,989,734
Liabilities:    
Policy benefit reserves 45,495,431 39,802,861
Other policy funds and contract claims 324,850 365,819
Notes payable 400,000 421,679
Subordinated debentures 246,450 246,243
Deferred income taxes 0 3,895
Other liabilities 629,897 1,009,361
Total liabilities 47,096,628 41,849,858
Stockholders' equity:    
Preferred stock, par value $1 per share, 2,000,000 shares authorized, 2015 and 2014 - no shares issued and outstanding 0 0
Common stock, par value $1 per share, 200,000,000 shares authorized; issued and outstanding: 2015 - 81,354,079 shares (excluding 3,448,750 treasury shares); 2014 - 76,062,407 shares (excluding 4,126,167 treasury shares) 81,354 76,062
Additional paid-in capital 630,367 513,218
Accumulated other comprehensive income 201,663 721,401
Retained earnings 1,031,151 829,195
Total stockholders' equity 1,944,535 2,139,876
Total liabilities and stockholders' equity $ 49,041,163 $ 43,989,734