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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Investments:    
Fixed maturity securities, available for sale, at fair value (amortized cost of $46,951,043 as of 2020 and $48,238,946 as of 2019; allowance for credit losses of $50,186 as of 2020) $ 50,738,792 $ 51,580,490
Mortgage loans on real estate (net of allowance for credit losses of $20,089 as of 2020 and $9,179 as of 2019) 3,958,233 3,448,793
Derivative instruments 672,958 1,355,989
Other investments 479,099 492,301
Total investments 55,849,082 56,877,573
Cash and cash equivalents 2,408,635 2,293,392
Coinsurance deposits (net of allowance for credit losses of $3,948 as of 2020 and $0 as of 2019) 4,962,859 5,115,013
Accrued investment income 450,290 472,826
Deferred policy acquisition costs 2,920,793 2,923,454
Deferred sales inducements 1,937,083 1,966,723
Income taxes recoverable 35,962 0
Other assets 43,592 47,571
Total assets 68,608,296 69,696,552
Liabilities:    
Policy benefit reserves 61,669,232 61,893,945
Other policy funds and contract claims 244,186 256,105
Notes payable 495,388 495,116
Subordinated debentures 77,964 157,265
Deferred income taxes 229,757 177,897
Income taxes payable 0 429
Other liabilities 829,710 2,145,676
Total liabilities 63,546,237 65,126,433
Stockholders' equity:    
Common stock; par value $1 per share; 200,000,000 shares authorized; issued and outstanding: 2020 - 91,595,066 shares (excluding 1,171,451 treasury shares); 2019 - 91,107,555 shares (excluding 1,344,193 treasury shares) 91,595 91,107
Additional paid-in capital 1,508,171 1,212,311
Accumulated other comprehensive income 1,719,839 1,497,921
Retained earnings 1,742,426 1,768,764
Total stockholders' equity 5,062,059 4,570,119
Total liabilities and stockholders' equity 68,608,296 69,696,552
Preferred Stock, Series A    
Stockholders' equity:    
Preferred stock 16 16
Preferred Stock, Series B    
Stockholders' equity:    
Preferred stock $ 12 $ 0