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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Investments:    
Debt securities held to maturity, at amortized cost, net of allowance for credit losses ($5,086 and $0; fair value: $7,378,399 and $7,407,703) $ 6,822,053 $ 7,106,245
Debt securities available for sale, at fair value (cost: $3,156,486 and $3,206,120) 3,410,656 3,356,945
Mortgage loans, net of allowance for credit losses ($2,357 and $675) 302,715 272,422
Policy loans 75,714 80,008
Derivatives, index options 93,367 157,588
Equity securities, at fair value (cost: $15,157 and $16,894) 18,610 23,594
Other long-term investments 78,579 62,090
Total investments 10,801,694 11,058,892
Cash and cash equivalents 507,025 253,525
Deferred policy acquisition costs 633,349 723,972
Deferred sales inducements 86,104 104,359
Value of business acquired 132,426 138,071
Accrued investment income 93,330 93,298
Federal income tax receivable 802 0
Other assets 166,256 181,330
Total assets 12,420,986 12,553,447
Future policy benefits:    
Universal life and annuity contracts (Note 1) 9,013,661 9,303,233
Traditional life reserves 848,515 838,738
Other policyholder liabilities 136,392 127,607
Deferred Federal income tax liability (Note 1) 53,055 36,767
Federal income tax payable 0 3,748
Other liabilities 154,133 126,924
Total liabilities 10,205,756 10,437,017
COMMITMENTS AND CONTINGENCIES (Note 8)
Common stock:    
Additional paid-in capital 41,716 41,716
Accumulated other comprehensive income (loss) 104,764 60,108
Retained earnings (Note 1) 2,068,714 2,014,570
Total stockholders’ equity 2,215,230 2,116,430
Total liabilities and stockholders' equity 12,420,986 12,553,447
Class A    
Common stock:    
Common stock, value outstanding 34 34
Class B    
Common stock:    
Common stock, value outstanding $ 2 $ 2