Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	[1]
Assets:
Fixed maturities-available for sale, at fair value (amortized cost: 2015–$13,251,871; 2014–$12,823,612)	$ 13,758,024	$ 14,493,060
Equity securities, at fair value (cost: 2015–$776; 2014–$776)	1,635	1,477
Policy loans	492,462	472,109
Other long-term investments	36,803	10,449
Short-term investments	54,766	15,882
Total investments	14,343,690	14,992,977
Cash	61,383	66,019	[2]
Accrued investment income	209,915	204,879
Other receivables	344,552	327,856
Deferred acquisition costs	3,617,135	3,457,397
Goodwill	441,591	441,591
Other assets	522,104	493,495
Assets held for sale	312,843	288,045
Total assets	19,853,213	20,272,259
Liabilities:
Future policy benefits	12,245,811	11,750,495
Unearned and advance premiums	67,021	71,703
Policy claims and other benefits payable	272,898	254,149
Other policyholders' funds	95,988	95,446
Total policy liabilities	12,681,718	12,171,793
Current and deferred income taxes payable	1,450,888	1,786,070
Other liabilities	380,158	347,526
Short-term debt	490,129	238,398
Long-term debt (estimated fair value: 2015–$856,291; 2014–$1,148,749)	743,733	992,130
Liabilities held for sale	51,035	38,876
Total liabilities	$ 15,797,661	$ 15,574,793
Commitments and Contingencies
Shareholders' equity:
Preferred stock, par value $1 per share–Authorized 5,000,000 shares; outstanding: -0- in 2015 and 2014	$ 0	$ 0
Common stock, par value $1 per share–Authorized 320,000,000 shares; outstanding: (2015–130,218,183 issued, less 7,848,231 held in treasury and 2014–134,218,183 issued, less 6,287,907 held in treasury)	130,218	134,218
Additional paid-in capital	482,284	457,613
Accumulated other comprehensive income (loss)	231,947	997,452
Retained earnings	3,614,369	3,376,846
Treasury stock	(403,266)	(268,663)
Total shareholders’ equity	4,055,552	4,697,466
Total liabilities and shareholders’ equity	$ 19,853,213	$ 20,272,259

[1] Certain balances were adjusted to give effect to discontinued operations as described in Note 1—Significant Accounting Policies.

[2] Certain balances were adjusted to give effect to discontinued operations as described in Note 1—Significant Accounting Policies.