XML 22 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Investments:    
Fixed-maturity securities available-for-sale, at fair value (amortized cost: $1,640,210 in 2016 and $1,690,043 in 2015) $ 1,705,705 [1] $ 1,731,459 [2]
Fixed-maturity securities held-to-maturity, at amortized cost (fair value: $424,007 in 2016 and $371,742 in 2015) 404,860 365,220
Equity securities available-for-sale, at fair value (cost: $40,159 in 2016 and $39,969 in 2015) 49,554 47,839
Trading securities, at fair value (cost: $7,626 in 2016 and $5,383 in 2015) 7,620 5,358
Policy loans 29,825 28,627
Total investments 2,197,564 2,178,503
Cash and cash equivalents 175,717 152,294
Accrued investment income 17,930 17,080
Due from reinsurers 4,160,266 4,110,628
Deferred policy acquisition costs, net 1,559,833 1,500,259
Premiums and other receivables 204,406 193,841
Intangible assets, net (accumulated amortization: $72,680 in 2016 and $71,828 in 2015) 57,467 58,318
Deferred income taxes 31,796 30,112
Other assets 343,701 304,356
Separate account assets 2,264,108 2,063,899
Total assets 11,012,788 10,609,290
Liabilities:    
Future policy benefits 5,518,834 5,431,711
Unearned premiums 594 628
Policy claims and other benefits payable 243,813 238,157
Other policyholders’ funds 352,650 356,123
Notes payable 372,643 372,552
Surplus note 404,079 364,424
Income taxes 177,457 148,125
Other liabilities 418,469 416,417
Payable under securities lending 87,383 71,482
Separate account liabilities $ 2,264,108 $ 2,063,899
Commitments and contingent liabilities (see Commitments and Contingent Liabilities note)
Total liabilities $ 9,840,030 $ 9,463,518
Stockholders’ equity:    
Common stock ($0.01 par value; authorized 500,000 in 2016 and 2015; issued and outstanding 47,295 shares in 2016 and 48,297 shares in 2015) 473 483
Paid-in capital 137,855 180,250
Retained earnings 989,685 952,804
Accumulated other comprehensive income (loss), net of income tax:    
Unrealized foreign currency translation gains (losses) (3,933) (19,801)
Net unrealized investment gains (losses):    
Net unrealized investment gains not other-than-temporarily impaired 48,747 32,107
Net unrealized investment losses other-than-temporarily impaired (69) (71)
Total stockholders’ equity 1,172,758 1,145,772
Total liabilities and stockholders’ equity $ 11,012,788 $ 10,609,290
[1] Includes approximately $0.1 million of other-than-temporary impairment (“OTTI”) losses related to corporates and mortgage- and asset-backed securities recognized in accumulated other comprehensive income.
[2] Includes approximately $0.1 million of OTTI related to corporates and mortgage- and asset-backed securities recognized in accumulated other comprehensive income.