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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Investments:    
Fixed maturities—available for sale, at fair value (amortized cost: 2025—$18,948,357; 2024—$18,835,809, allowance for credit losses: 2025— $10,415; 2024— $10,395) $ 17,796,754 $ 17,155,012
Mortgage loans 451,898 396,088
Policy loans 729,541 699,669
Other long-term investments (includes: 2025—$1,037,447; 2024—$986,766 under the fair value option) 1,285,697 1,235,759
Short-term investments 62,824 85,035
Total investments 20,326,714 19,571,563
Cash 302,716 165,325
Accrued investment income 284,888 269,791
Other receivables 729,160 691,907
Deferred acquisition costs 6,872,342 6,495,589
Goodwill 490,446 490,446
Other assets 1,521,350 1,391,560
Total assets 30,527,616 29,076,181
Liabilities:    
Future policy benefits at current discount rates: (at original discount rates: 2025—$17,933,726; 2024—$17,552,564) 19,301,965 18,457,263
Unearned and advance premium 272,740 257,631
Policy claims and other benefits payable 529,911 532,832
Other policyholders' funds 522,133 468,604
Total policy liabilities 20,626,749 19,716,330
Current and deferred income taxes 787,539 731,255
Short-term debt 394,349 415,401
Long-term debt (estimated fair value: 2025—$2,196,342; 2024—$2,122,772) 2,320,013 2,324,251
Other liabilities 709,878 583,424
Total liabilities 24,838,528 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 552,509 527,795
Accumulated other comprehensive income (loss) (1,972,891) (2,029,720)
Retained earnings 8,812,765 8,002,521
Treasury stock, at cost: (2025—16,908,676 shares; 2024—13,240,616 shares) (1,800,513) (1,292,294)
Total shareholders' equity 5,689,088 5,305,520
Total liabilities and shareholders' equity $ 30,527,616 $ 29,076,181