XML 38 R27.htm IDEA: XBRL DOCUMENT v3.20.2
Fair Values of Financial Instruments (Fair Values and Carrying Amounts of Financial Instruments) (Details) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets    
Fixed maturity securities, available for sale, fair value $ 51,700,743 $ 51,580,490
Derivative instruments 874,741 1,355,989
Other investments 495,740 492,301
Coinsurance deposits (net of allowance for credit losses of $2,648 as of 2020 and $0 as of 2019) 4,886,705 5,115,013
Liabilities    
Policy benefit reserves 60,109,669 61,893,945
Carrying Amount    
Assets    
Fixed maturity securities, available for sale, fair value 51,700,743 51,580,490
Mortgage loans on real estate 3,926,699 3,448,793
Derivative instruments 874,741 1,355,989
Other investments 495,740 492,301
Cash and cash equivalents 2,656,632 2,293,392
Coinsurance deposits (net of allowance for credit losses of $2,648 as of 2020 and $0 as of 2019) 4,886,705 5,115,013
Liabilities    
Policy benefit reserves 59,750,209 61,540,992
Single premium immediate annuity (SPIA) benefit reserves 241,782 255,698
Notes payable 495,528 495,116
Subordinated debentures 78,037 157,265
Carrying Amount | Interest Rate Caps    
Assets    
Interest rate derivative assets 0 6
Fair Value    
Assets    
Fixed maturity securities, available for sale, fair value 51,700,743 51,580,490
Mortgage loans on real estate 4,070,821 3,536,446
Derivative instruments 874,741 1,355,989
Other investments 495,740 492,301
Cash and cash equivalents 2,656,632 2,293,392
Coinsurance deposits (net of allowance for credit losses of $2,648 as of 2020 and $0 as of 2019) 4,480,027 4,635,926
Liabilities    
Policy benefit reserves 51,872,229 51,800,247
Single premium immediate annuity (SPIA) benefit reserves 249,341 263,773
Notes payable 544,640 541,520
Subordinated debentures 81,451 168,357
Fair Value | Interest Rate Caps    
Assets    
Interest rate derivative assets $ 0 $ 6