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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Investments:    
Fixed maturities—available for sale, at fair value (amortized cost: 2020—$16,892,054; 2019—$16,415,776, allowance for credit losses: 2020— $4,387; 2019— $0) $ 20,277,056 $ 18,907,147
Policy loans 581,211 575,492
Other long-term investments (includes: 2020—$326,641; 2019—$185,851 under the fair value option) 492,884 326,347
Short-term investments 263,879 38,285
Total investments 21,615,030 19,847,271
Cash 80,101 75,933
Accrued investment income 259,697 245,129
Other receivables 458,359 441,662
Deferred acquisition costs 4,517,255 4,341,941
Goodwill 441,591 441,591
Other assets 669,860 583,933
Total assets 28,041,893 25,977,460
Liabilities:    
Future policy benefits 15,045,864 14,508,134
Unearned and advance premium 64,703 63,709
Policy claims and other benefits payable 367,453 365,402
Other policyholders' funds 97,463 96,282
Total policy liabilities 15,575,483 15,033,527
Current and deferred income taxes 1,682,060 1,476,832
Short-term debt 279,758 298,738
Long-term debt (estimated fair value: 2020—$1,842,164; 2019—$1,473,364) 1,667,506 1,348,988
Other liabilities 612,178 525,068
Total liabilities 19,816,985 18,683,153
Commitments and Contingencies (Note 5)
Shareholders' equity:    
Preferred stock, par value $1 per share—5,000,000 shares authorized; outstanding: 0 in 2020 and 2019 0 0
Common stock, par value $1 per share—320,000,000 shares authorized; outstanding: (2020—117,218,183 issued; 2019— 117,218,183 issued) 117,218 117,218
Additional paid-in-capital 536,727 531,554
Accumulated other comprehensive income (loss) 2,550,619 1,844,830
Retained earnings 6,002,407 5,551,329
Treasury stock, at cost: (2020—12,160,518 shares; 2019—9,497,940 shares) (982,063) (750,624)
Total shareholders' equity 8,224,908 7,294,307
Total liabilities and shareholders' equity $ 28,041,893 $ 25,977,460