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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Investments:    
Fixed maturities—available for sale, at fair value (amortized cost: 2019—$15,988,228; 2018—$15,753,471) $ 17,223,585 $ 16,297,932
Policy loans 555,456 550,066
Other long-term investments (includes: 2019—$118,556; 2018—$108,241 under the fair value option) 231,934 207,258
Short-term investments 125,759 63,288
Total investments 18,136,734 17,118,544
Cash 67,342 121,026
Accrued investment income 255,148 243,003
Other receivables 419,610 415,157
Deferred acquisition costs 4,185,231 4,137,925
Goodwill 441,591 441,591
Other assets 559,225 549,899
Assets related to discontinued operations 68,557 68,577
Total assets 24,133,438 23,095,722
Liabilities:    
Future policy benefits 14,084,082 13,953,826
Unearned and advance premiums 66,924 61,208
Policy claims and other benefits payable 357,294 350,826
Other policyholders' funds 96,986 97,459
Total policy liabilities 14,605,286 14,463,319
Current and deferred income taxes payable 1,225,497 1,047,737
Other liabilities 557,824 453,270
Short-term debt 294,378 307,848
Long-term debt (estimated fair value: 2019—$1,458,751; 2018—$1,384,455) 1,355,601 1,357,185
Liabilities related to discontinued operations 51,426 51,186
Total liabilities 18,090,012 17,680,545
Commitments and Contingencies (Note 5)
Shareholders’ equity:    
Preferred stock, par value $1 per share—5,000,000 shares authorized; outstanding: 0 in 2019 and 2018 0 0
Common stock, par value $1 per share—320,000,000 shares authorized; outstanding: (2019—121,218,183 issued; 2018—121,218,183 issued) 121,218 121,218
Additional paid-in capital 518,529 524,414
Accumulated other comprehensive income (loss) 870,067 319,475
Retained earnings 5,364,820 5,213,468
Treasury stock, at cost: (2019—11,292,000 shares; 2018—10,525,147 shares) (831,208) (763,398)
Total shareholders’ equity 6,043,426 5,415,177
Total liabilities and shareholders’ equity $ 24,133,438 $ 23,095,722