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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Investments:    
Fixed-maturity securities and Short-term investments available-for-sale, at fair value $ 2,216,260 $ 2,077,806
Fixed-maturity security held-to-maturity, at amortized cost (fair value: $1,157,585 in 2019 and $945,331 in 2018) 1,087,790 970,390
Equity securities, at fair value (historical cost: $32,212 in 2019 and $34,997 in 2018) 38,897 37,679
Trading securities, at fair value (cost: $23,295 in 2019 and $13,597 in 2018) 23,375 13,610
Policy loans 33,527 31,501
Total investments 3,399,849 3,130,986
Cash and cash equivalents 244,975 262,138
Accrued investment income 17,434 17,057
Reinsurance recoverables 4,185,850 4,141,569
Deferred policy acquisition costs, net 2,238,315 2,133,920
Agent balances, due premiums and other receivables 238,367 215,139
Intangible assets, net (accumulated amortization: $83,737 in 2019 and $82,035 in 2018) 46,409 48,111
Income taxes 65,777 59,336
Operating lease right-of-use assets 49,381  
Other assets 394,058 391,291
Separate account assets 2,437,291 2,195,501
Total assets 13,317,706 12,595,048
Liabilities:    
Future policy benefits 6,314,403 6,168,157
Unearned and advance premiums 17,111 15,587
Policy claims and other benefits payable 322,417 313,862
Other policyholders’ funds 377,737 370,644
Notes payable 373,848 373,661
Surplus note 1,087,117 969,685
Income taxes 206,301 187,104
Operating lease liabilities 55,662  
Other liabilities 496,027 486,772
Payable under securities lending 43,867 52,562
Separate account liabilities 2,437,291 2,195,501
Commitments and contingent liabilities (see Commitments and Contingent Liabilities note)
Total liabilities 11,731,781 11,133,535
Stockholders’ equity:    
Common stock ($0.01 par value; authorized 500,000 shares in 2019 and 2018; issued and outstanding 42,008 shares in 2019 and 42,694 shares in 2018) 420 427
Retained earnings 1,537,535 1,489,520
Accumulated other comprehensive income (loss), net of income tax:    
Unrealized foreign currency translation gains (losses) (8,258) (21,064)
Net unrealized investment gains (losses) on available-for-sale securities:    
Net unrealized investment gains (losses) not other-than-temporarily impaired 56,288 (7,253)
Net unrealized investment losses other-than-temporarily impaired (60) (117)
Total stockholders’ equity 1,585,925 1,461,513
Total liabilities and stockholders’ equity 13,317,706 12,595,048
Fixed-maturity Securities [Member]    
Investments:    
Fixed-maturity securities and Short-term investments available-for-sale, at fair value 2,216,260 [1] 2,069,635 [2]
Trading securities, at fair value (cost: $23,295 in 2019 and $13,597 in 2018) $ 23,375 13,610
Short-term Investments [Member]    
Investments:    
Fixed-maturity securities and Short-term investments available-for-sale, at fair value   $ 8,171
[1] Includes $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 (loss).
[2] Includes $0.1 million of OTTI losses related to corporates and mortgage- and asset-backed securities recognized in accumulated other comprehensive income (loss).