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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Investments:    
Fixed-maturity securities and Short-term investments available-for-sale, at fair value $ 2,514,585 $ 2,464,611
Fixed-maturity security held-to-maturity, at amortized cost (fair value: $1,572,889 in 2021 and $1,606,208 in 2020) 1,368,740 1,346,350
Short-term investments available-for-sale, at fair value (amortized cost: $40,327 in 2021 and $0 in 2020) 40,325  
Equity securities, at fair value (historical cost: $31,900 in 2021 and $32,031 in 2020) 39,377 38,023
Trading securities, at fair value (cost: $33,788 in 2021 and $16,359 in 2020) 33,498 16,300
Policy loans 29,449 30,199
Total investments 4,025,974 3,895,483
Cash and cash equivalents 774,591 547,569
Accrued investment income 18,698 17,618
Reinsurance recoverables 4,239,510 4,273,904
Deferred policy acquisition costs, net 2,808,347 2,629,644
Agent balances, due premiums and other receivables 273,493 259,448
Intangible assets 45,275 45,275
Income taxes 75,069 73,290
Operating lease right-of-use assets 44,037 46,567
Other assets 469,050 456,967
Separate account assets 2,745,827 2,659,520
Total assets 15,519,871 14,905,285
Liabilities:    
Future policy benefits 6,984,272 6,790,557
Unearned and advance premiums 20,229 17,136
Policy claims and other benefits payable 471,290 519,711
Other policyholders’ funds 485,855 447,765
Notes payable - Long term 374,606 374,415
Other debt obligations - Long term 125,000  
Surplus note 1,368,194 1,345,772
Income taxes 204,197 223,496
Operating lease liabilities 50,194 52,806
Other liabilities 590,831 566,068
Payable under securities lending 80,613 72,154
Separate account liabilities 2,745,827 2,659,520
Commitments and contingent liabilities (see Commitments and Contingent Liabilities note)
Total liabilities 13,501,108 13,069,400
Stockholders’ equity:    
Common stock ($0.01 par value; authorized 500,000 shares in 2021 and 2020; issued and outstanding 39,444 shares in 2021 and 39,306 shares in 2020) 394 393
Paid-in capital 12,880  
Retained earnings 1,894,539 1,705,786
Accumulated other comprehensive income (loss), net of income tax:    
Unrealized foreign currency translation gains (losses) 13,960 1,578
Net unrealized investment gains (losses) on available-for-sale securities 96,990 128,128
Total stockholders’ equity 2,018,763 1,835,885
Total liabilities and stockholders’ equity $ 15,519,871 $ 14,905,285