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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Investments:    
Debt Securities, Available-for-Sale $ 17,504,967 $ 17,155,012
Mortgage loans 426,174 396,088
Policy loans 708,175 699,669
Other long-term investments (includes: 2025—$989,027; 2024—$986,766 under the fair value option) 1,236,624 1,235,759
Short-term investments 134,066 85,035
Total investments 20,010,006 19,571,563
Cash 232,270 165,325
Accrued investment income 287,562 269,791
Other receivables 691,523 691,907
Deferred acquisition costs 6,623,644 6,495,589
Goodwill 490,446 490,446
Other assets 1,369,808 1,391,560
Total assets 29,705,259 29,076,181
Liabilities:    
Future policy benefits at current discount rates: (at original discount rates: 2025—$17,719,841; 2024—$17,552,564) 18,756,844 18,457,263
Unearned and advance premium 273,887 257,631
Policy claims and other benefits payable 546,670 532,832
Other policyholders' funds 463,148 468,604
Total policy liabilities 20,040,549 19,716,330
Current and deferred income taxes 807,735 731,255
Short-term debt 476,891 415,401
Long-term debt (estimated fair value: 2025—$2,150,340; 2024—$2,122,772) 2,324,945 2,324,251
Other liabilities 629,723 583,424
Total liabilities 24,279,843 23,770,661
Commitments and Contingencies (Note 5)
Shareholders' equity:    
Preferred stock, par value $1 per share—5,000,000 shares authorized; outstanding: 0 in 2025 and 2024 0 0
Common stock, par value $1 per share—320,000,000 shares authorized; outstanding: (2025—97,218,183 issued; 2024—97,218,183 issued) 97,218 97,218
Additional paid-in-capital 524,041 527,795
Accumulated other comprehensive income (loss) (1,970,873) (2,029,720)
Retained earnings 8,224,948 8,002,521
Treasury stock, at cost: (2025—14,297,002 shares; 2024—13,240,616 shares) (1,449,918) (1,292,294)
Total shareholders' equity 5,425,416 5,305,520
Total liabilities and shareholders' equity $ 29,705,259 $ 29,076,181