Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Investments:
Fixed maturities—available for sale, at fair value (amortized cost: 2025—$18,820,464; 2024—$18,835,809, allowance for credit losses: 2025— $3,297; 2024— $10,395)	$ 17,589,342	$ 17,155,012
Mortgage loans	428,517	396,088
Policy loans	741,375	699,669
Other long-term investments (includes: 2025—$1,109,719; 2024—$986,766 under the fair value option)	1,396,064	1,235,759
Short-term investments	314,711	85,035
Total investments	20,470,009	19,571,563
Cash	144,704	165,325
Accrued investment income	272,818	269,791
Other receivables	768,592	691,907
Deferred acquisition costs	6,999,136	6,495,589
Goodwill	490,446	490,446
Other assets	1,667,987	1,391,560
Total assets	30,813,692	29,076,181
Liabilities:
Future policy benefits at current discount rates: (at original discount rates: 2025—$18,129,506; 2024—$17,552,564)	19,169,687	18,457,263
Unearned and advance premium	270,663	257,631
Policy claims and other benefits payable	540,832	532,832
Other policyholders' funds	532,047	468,604
Total policy liabilities	20,513,229	19,716,330
Current and deferred income taxes	859,628	731,255
Short-term debt	304,656	415,401
Long-term debt (estimated fair value: 2025—$2,225,320; 2024—$2,122,772)	2,320,793	2,324,251
Other liabilities	840,807	583,424
Total liabilities	24,839,113	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—92,218,183 issued; 2024—97,218,183 issued)	92,218	97,218
Additional paid-in-capital	536,363	527,795
Accumulated other comprehensive income (loss)	(1,771,444)	(2,029,720)
Retained earnings	8,546,807	8,002,521
Treasury stock, at cost: (2025—13,125,082 shares; 2024—13,240,616 shares)	(1,429,365)	(1,292,294)
Total shareholders' equity	5,974,579	5,305,520
Total liabilities and shareholders' equity	$ 30,813,692	$ 29,076,181