Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Investments:
Fixed maturities—available for sale, at fair value (amortized cost: 2024—$18,835,809; 2023—$18,924,914, allowance for credit losses: 2024— $10,395; 2023— $7,115)	$ 17,155,012	$ 17,870,206
Mortgage loans	396,088	279,199
Policy loans	699,669	657,020
Other long-term investments (includes: 2024—$986,766; 2023—$795,583 under the fair value option)	1,235,759	835,878
Short-term investments	85,035	81,740
Total investments	19,571,563	19,724,043
Cash	165,325	103,156
Accrued investment income	269,791	270,396
Other receivables	691,907	630,223
Deferred acquisition costs	6,495,589	6,009,477
Goodwill	490,446	481,791
Other assets	1,391,560	832,413
Total assets	29,076,181	28,051,499
Liabilities:
Future policy benefits at current discount rates: (at original discount rates: 2024—$17,552,564; 2023—$16,984,615)	18,457,263	19,460,353
Unearned and advance premium	257,631	254,567
Policy claims and other benefits payable	532,832	514,875
Other policyholders' funds	468,604	236,958
Total policy liabilities	19,716,330	20,466,753
Current and deferred income taxes	731,255	494,639
Short-term debt	415,401	486,113
Long-term debt (estimated fair value: 2024—$2,122,772; 2023—$1,491,229)	2,324,251	1,629,559
Other liabilities	583,424	487,632
Total liabilities	23,770,661	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—97,218,183 issued; 2023—102,218,183 issued)	97,218	102,218
Additional paid-in-capital	527,795	532,474
Accumulated other comprehensive income (loss)	(2,029,720)	(2,772,419)
Retained earnings	8,002,521	7,478,813
Treasury stock, at cost: (2024—13,240,616 shares; 2023—8,426,854 shares)	(1,292,294)	(854,283)
Total shareholders' equity	5,305,520	4,486,803
Total liabilities and shareholders' equity	$ 29,076,181	$ 28,051,499