CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets
Fixed maturities, at fair value (amortized cost: 2020 - $64,361,388; 2019 - $63,268,660; allowance for credit losses: 2020 - $82,081)	$ 68,780,104	$ 66,043,992
Fixed maturities, at amortized cost (fair value: 2020 - $2,947,350; 2019 - $3,025,790)	2,728,529	2,823,881
Equity securities, at fair value (cost: 2020 - $511,614; 2019 - $534,463)	513,181	553,720
Commercial mortgage loans, net of allowance for credit losses (allowance for credit losses: 2020 - $173,186; 2019 - $4,884)	9,545,793	9,379,401
Investment real estate, net of accumulated depreciation (2020 - $287; 2019 - $203)	10,237	10,321
Policy loans	1,657,530	1,675,121
Other long-term investments	2,695,664	2,479,520
Short-term investments	1,113,261	1,320,864
Total investments	87,044,299	84,286,820
Cash	445,447	171,752
Accrued investment income	706,811	715,388
Accounts and premiums receivable	169,988	174,202
Reinsurance receivables, net of allowances for credit losses (allowances for credit losses: 2020 - $102,673; 2019 - $0)	4,722,188	4,371,865
Deferred policy acquisition costs and value of business acquired	3,561,997	3,519,555
Goodwill	825,511	825,511
Other intangibles, net of accumulated amortization (2020 - $283,593; 2019 - $253,759)	565,115	583,426
Property and equipment, net of accumulated depreciation (2020 - $58,995; 2019 - $49,357)	210,714	211,745
Other assets	619,581	308,544
Assets related to separate accounts
Variable annuity	11,394,911	12,730,090
Variable universal life	1,087,327	1,135,666
Reinsurance assumed	11,632,011	11,443,105
Total assets	122,985,900	120,477,669
Liabilities
Future policy benefits and claims	53,989,110	53,943,962
Unearned premiums	773,293	794,832
Total policy liabilities and accruals	54,762,403	54,738,794
Stable value product account balances	5,984,036	5,443,752
Annuity account balances	14,694,473	14,289,907
Other policyholders’ funds	1,691,472	1,576,856
Other liabilities	4,675,217	2,977,278
Income tax payable	35,988	34,224
Deferred income taxes	1,608,790	1,371,970
Senior Notes	787	968
Subordinated debt	110,000	110,000
Non-recourse funding obligations	2,989,340	3,082,753
Secured financing liabilities	202,522	335,480
Liabilities related to separate accounts
Variable annuity	11,394,911	12,730,090
Variable universal life	1,087,327	1,135,666
Reinsurance assumed	11,632,011	11,443,105
Total liabilities	110,869,277	109,270,843
Commitments and contingencies - Note 11
Shareowner’s equity
Preferred Stock; $1 par value, shares authorized: 2,000; Liquidation preference: $2	2	2
Common Stock, $1 par value, shares authorized and issued: 2020 and 2019 - 5,000,000	5,000	5,000
Additional paid-in-capital	8,260,537	8,260,537
Retained earnings	1,634,615	1,533,645
Accumulated other comprehensive income (loss):
Net unrealized gains (losses) on investments, net of income tax: (2020 - $598,862; 2019 - $383,311)	2,252,863	1,441,978
Net unrealized losses on investments for which a credit loss has been recognized in operations, net of income tax: (2020 - $(7,473))	(28,114)
Net unrealized losses relating to other-than-temporary impaired investments for which a portion has been recognized in operations, net of income tax: (2019 - $(7,004))		(26,347)
Accumulated gain (loss) - derivatives, net of income tax: (2020 - $(2,201); 2019 - $(2,123))	(8,280)	(7,989)
Total shareowner’s equity	12,116,623	11,206,826
Total liabilities and shareowner’s equity	$ 122,985,900	$ 120,477,669