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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Investments:    
Fixed maturities—available for sale, at fair value (amortized cost: 2019—$16,209,723; 2018—$15,753,471) $ 18,797,674 $ 16,297,932
Policy loans 568,892 550,066
Other long-term investments (includes: 2019—$184,466; 2018—$108,241 under the fair value option) 315,535 207,258
Short-term investments 77,556 63,288
Total investments 19,759,657 17,118,544
Cash 66,675 121,026
Accrued investment income 253,125 243,003
Other receivables 432,236 415,157
Deferred acquisition costs 4,281,018 4,137,925
Goodwill 441,591 441,591
Other assets 557,604 549,899
Assets related to discontinued operations 0 68,577
Total assets 25,791,906 23,095,722
Liabilities:    
Future policy benefits 14,358,592 13,953,826
Unearned and advance premium 62,586 61,208
Policy claims and other benefits payable 351,729 350,826
Other policyholders' funds 95,875 97,459
Total policy liabilities 14,868,782 14,463,319
Current and deferred income taxes 1,498,025 1,047,737
Short-term debt 233,314 307,848
Long-term debt (estimated fair value: 2019—$1,466,868; 2018—$1,384,455) 1,351,190 1,357,185
Other liabilities 528,064 453,270
Liabilities related to discontinued operations 0 51,186
Total liabilities 18,479,375 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 538,051 524,414
Accumulated other comprehensive income (loss) 1,943,124 319,475
Retained earnings 5,686,636 5,213,468
Treasury stock, at cost: (2019—12,773,862 shares; 2018—10,525,147 shares) (976,498) (763,398)
Total shareholders' equity 7,312,531 5,415,177
Total liabilities and shareholders' equity $ 25,791,906 $ 23,095,722