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Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Investments:    
Fixed maturity securities available for sale, at fair value (amortized cost - $8,709,444 in 2016 and $9,470,795 in 2015) $ 9,744,199 $ 10,215,328
Equity securities available for sale, at fair value (cost - $382,168 in 2016 and $450,563 in 2015) 434,506 500,057
Commercial mortgage loans on real estate, at amortized cost 620,185 1,151,256
Policy loans 40,349 43,858
Short-term investments 498,281 508,950
Other investments 623,977 575,323
Total investments 11,961,497 12,994,772
Cash and cash equivalents 1,232,674 1,288,305
Premiums and accounts receivable, net 1,218,299 1,260,717
Reinsurance recoverables 8,727,343 7,470,403
Accrued investment income 111,985 129,743
Deferred acquisition costs 3,001,603 3,150,934
Property and equipment, at cost less accumulated depreciation 327,861 298,414
Tax receivable 0 24,176
Goodwill 834,173 833,512
Value of business acquired 36,628 41,154
Other intangible assets, net 250,419 277,163
Other assets 387,288 469,005
Assets held in separate accounts 1,714,443 1,798,104
Total assets 29,804,213 30,036,402
Liabilities    
Future policy benefits and expenses 9,748,406 9,466,694
Unearned premiums 6,298,466 6,423,720
Claims and benefits payable 3,276,722 3,896,719
Commissions payable 357,912 393,260
Reinsurance balances payable 132,878 132,728
Funds held under reinsurance 105,475 94,417
Deferred gain on disposal of businesses 439,268 92,327
Accounts payable and other liabilities 1,876,015 2,049,810
Tax payable 81,302 0
Debt 1,165,255 1,164,656
Liabilities related to separate accounts 1,714,443 1,798,104
Total liabilities 25,196,142 25,512,435
Commitments and contingencies
Stockholders’ equity    
Common stock, par value $0.01 per share, 800,000,000 shares authorized, 60,612,310 and 65,850,386 shares outstanding at June 30, 2016 and December 31, 2015, respectively 1,502 1,497
Additional paid-in capital 3,150,911 3,148,409
Retained earnings 5,181,375 4,856,674
Accumulated other comprehensive income 327,254 118,549
Treasury stock, at cost; 89,263,289 and 83,523,031 shares at June 30, 2016 and December 31, 2015, respectively (4,052,971) (3,601,162)
Total stockholders’ equity 4,608,071 4,523,967
Total liabilities and stockholders’ equity $ 29,804,213 $ 30,036,402