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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Investments:    
Fixed maturities—available for sale, at fair value (amortized cost: 2019—$15,984,272; 2018—$15,753,471) $ 17,934,274 $ 16,297,932
Policy loans 560,469 550,066
Other long-term investments (includes: 2019—$165,426; 2018—$108,241 under the fair value option) 289,147 207,258
Short-term investments 74,116 63,288
Total investments 18,858,006 17,118,544
Cash 89,319 121,026
Accrued investment income 247,383 243,003
Other receivables 425,372 415,157
Deferred acquisition costs 4,232,717 4,137,925
Goodwill 441,591 441,591
Other assets 561,057 549,899
Assets related to discontinued operations 0 68,577
Total assets 24,855,445 23,095,722
Liabilities:    
Future policy benefits 14,218,030 13,953,826
Unearned and advance premium 66,892 61,208
Policy claims and other benefits payable 351,347 350,826
Other policyholders' funds 95,753 97,459
Total policy liabilities 14,732,022 14,463,319
Current and deferred income taxes 1,351,495 1,047,737
Short-term debt 257,453 307,848
Long-term debt (estimated fair value: 2019—$1,446,082; 2018—$1,384,455) 1,353,395 1,357,185
Other liabilities 460,682 453,270
Liabilities related to discontinued operations 0 51,186
Total liabilities 18,155,047 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 526,518 524,414
Accumulated other comprehensive income (loss) 1,439,250 319,475
Retained earnings 5,514,517 5,213,468
Treasury stock, at cost: (2019—11,995,233 shares; 2018—10,525,147 shares) (901,105) (763,398)
Total shareholders' equity 6,700,398 5,415,177
Total liabilities and shareholders' equity $ 24,855,445 $ 23,095,722