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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Investments:    
Fixed maturities—available for sale, at fair value (amortized cost: 2023—$18,687,479; 2022—$18,301,692, allowance for credit losses: 2023— $72,508; 2022— $0) $ 17,033,450 $ 16,503,365
Policy loans 633,558 614,866
Other long-term investments (includes: 2023—$759,157; 2022—$768,689 under the fair value option) 1,010,136 976,016
Short-term investments 71,128 114,121
Total investments 18,748,272 18,208,368
Cash 75,011 92,559
Accrued investment income 267,776 259,581
Other receivables 601,787 589,079
Deferred acquisition costs 5,778,732 5,535,697
Goodwill 481,791 481,791
Other assets 754,589 760,066
Total assets 26,707,958 25,927,141
Liabilities:    
Future policy benefits at current discount rates: (at original rates: 2023—$16,598,663; 2022—$16,306,870) 18,746,514 18,040,042
Unearned and advance premium 266,710 253,140
Policy claims and other benefits payable 510,929 507,219
Other policyholders' funds 187,873 123,236
Total policy liabilities 19,712,026 18,923,637
Current and deferred income taxes 404,480 434,649
Short-term debt 258,232 449,103
Long-term debt (estimated fair value: 2023—$1,633,248; 2022—$1,440,277) 1,798,117 1,627,952
Other liabilities 554,797 542,223
Total liabilities 22,727,652 21,977,564
Commitments and Contingencies (Note 5)
Shareholders' equity:    
Preferred stock, par value $1 per share—5,000,000 shares authorized; outstanding: 0 in 2023 and 2022 0 0
Common stock, par value $1 per share—320,000,000 shares authorized; outstanding: (2023—105,218,183 issued; 2022—105,218,183 issued) 105,218 105,218
Additional paid-in-capital 536,126 529,661
Accumulated other comprehensive income (loss) (2,943,897) (2,790,313)
Retained earnings 7,285,809 6,894,535
Treasury stock, at cost: (2023—10,225,970 shares; 2022—8,478,288 shares) (1,002,950) (789,524)
Total shareholders' equity 3,980,306 3,949,577
Total liabilities and shareholders' equity $ 26,707,958 $ 25,927,141