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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Investments:    
Fixed maturities—available for sale, at fair value (amortized cost: 2024—$19,504,784; 2023—$18,924,914, allowance for credit losses: 2024— $7,027; 2023— $7,115) $ 18,144,353 $ 17,870,206
Mortgage loans 329,033 279,199
Policy loans 664,641 657,020
Other long-term investments (includes: 2024—$844,916; 2023—$795,583 under the fair value option) 899,085 835,878
Short-term investments 58,413 81,740
Total investments 20,095,525 19,724,043
Cash 83,547 103,156
Accrued investment income 299,398 270,396
Other receivables 645,966 630,223
Deferred acquisition costs 6,131,237 6,009,477
Goodwill 481,791 481,791
Other assets 833,129 832,413
Total assets 28,570,593 28,051,499
Liabilities:    
Future policy benefits 18,882,023 19,460,353
Unearned and advance premium 270,105 254,567
Policy claims and other benefits payable 520,094 514,875
Other policyholders' funds 401,269 236,958
Total policy liabilities 20,073,491 20,466,753
Current and deferred income taxes 630,268 494,639
Short-term debt 733,544 486,113
Long-term debt (estimated fair value: 2024—$1,510,512; 2023—$1,491,229) 1,629,978 1,629,559
Other liabilities 464,151 487,632
Total liabilities 23,531,432 23,564,696
Commitments and Contingencies (Note 5)
Shareholders' equity:    
Preferred stock, par value $1 per share—5,000,000 shares authorized; outstanding: 0 in 2024 and 2023 0 0
Common stock, par value $1 per share—320,000,000 shares authorized; outstanding: (2024—102,218,183 issued; 2023—102,218,183 issued) 102,218 102,218
Additional paid-in-capital 526,862 532,474
Accumulated other comprehensive income (loss) (2,467,236) (2,772,419)
Retained earnings 7,706,655 7,478,813
Treasury stock, at cost: (2024—8,141,299 shares; 2023—8,426,854 shares) (829,338) (854,283)
Total shareholders' equity 5,039,161 4,486,803
Total liabilities and shareholders' equity $ 28,570,593 $ 28,051,499