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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Investments:    
Fixed maturities—available for sale, at fair value (amortized cost: 2024—$19,229,273; 2023—$18,924,914, allowance for credit losses: 2024— $7,132; 2023— $7,115) $ 17,613,008 $ 17,870,206
Mortgage loans 343,492 279,199
Policy loans 676,077 657,020
Other long-term investments (includes: 2024—$915,665; 2023—$795,583 under the fair value option) 974,515 835,878
Short-term investments 100,560 81,740
Total investments 19,707,652 19,724,043
Cash 87,914 103,156
Accrued investment income 274,674 270,396
Other receivables 648,065 630,223
Deferred acquisition costs 6,260,294 6,009,477
Goodwill 481,791 481,791
Other assets 838,416 832,413
Total assets 28,298,806 28,051,499
Liabilities:    
Future policy benefits 18,430,672 19,460,353
Unearned and advance premium 270,077 254,567
Policy claims and other benefits payable 526,126 514,875
Other policyholders' funds 400,625 236,958
Total policy liabilities 19,627,500 20,466,753
Current and deferred income taxes 684,543 494,639
Short-term debt 654,606 486,113
Long-term debt (estimated fair value: 2024—$1,376,196; 2023—$1,491,229) 1,630,396 1,629,559
Other liabilities 474,007 487,632
Total liabilities 23,071,052 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 534,028 532,474
Accumulated other comprehensive income (loss) (2,189,620) (2,772,419)
Retained earnings 7,943,415 7,478,813
Treasury stock, at cost: (2024—12,176,343 shares; 2023—8,426,854 shares) (1,162,287) (854,283)
Total shareholders' equity 5,227,754 4,486,803
Total liabilities and shareholders' equity $ 28,298,806 $ 28,051,499