XML 19 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Investments:    
Fixed maturities—available for sale, at fair value (amortized cost: 2023—$18,914,693; 2022—$18,301,692, allowance for credit losses: 2023— $7,500; 2022— $0) $ 16,260,034 $ 16,503,365
Policy loans 644,553 614,866
Other long-term investments (includes: 2023—$782,210; 2022—$768,689 under the fair value option) 1,050,106 976,016
Short-term investments 83,934 114,121
Total investments 18,038,627 18,208,368
Cash 85,546 92,559
Accrued investment income 284,642 259,581
Other receivables 616,881 589,079
Deferred acquisition costs 5,889,293 5,535,697
Goodwill 481,791 481,791
Other assets 769,247 760,066
Total assets 26,166,027 25,927,141
Liabilities:    
Future policy benefits at current discount rates: (at original rates: 2023—$16,757,558; 2022—$16,306,870) 17,218,098 18,040,042
Unearned and advance premium 260,843 253,140
Policy claims and other benefits payable 503,072 507,219
Other policyholders' funds 218,210 123,236
Total policy liabilities 18,200,223 18,923,637
Current and deferred income taxes 554,853 434,649
Short-term debt 447,537 449,103
Long-term debt (estimated fair value: 2023—$1,586,674; 2022—$1,440,277) 1,798,583 1,627,952
Other liabilities 541,700 542,223
Total liabilities 21,542,896 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 543,693 529,661
Accumulated other comprehensive income (loss) (2,458,974) (2,790,313)
Retained earnings 7,519,893 6,894,535
Treasury stock, at cost: (2023—10,952,084 shares; 2022—8,478,288 shares) (1,086,699) (789,524)
Total shareholders' equity 4,623,131 3,949,577
Total liabilities and shareholders' equity $ 26,166,027 $ 25,927,141