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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Assets    
Fixed maturities, at fair value (amortized cost: 2018 - $54,466,305; 2017 - $41,153,551) $ 51,904,699 $ 41,176,052
Fixed maturities, at amortized cost (fair value: 2018 - $2,547,210; 2017 - $2,776,327) 2,633,474 2,718,904
Equity securities, at fair value (cost: 2018 - $627,087; 2017 - $740,813) 595,884 754,360
Mortgage loans (related to securitizations: 2018 - $134; 2017 - $226,409) 7,724,733 6,817,723
Investment real estate, net of accumulated depreciation (2018 - $251; 2017 - $132) 6,816 8,355
Policy loans 1,695,886 1,615,615
Other long-term investments 759,354 915,595
Short-term investments 807,283 615,210
Total investments 66,128,129 54,621,814
Cash 173,714 252,310
Accrued investment income 634,921 491,802
Accounts and premiums receivable 113,507 124,934
Reinsurance receivables 4,764,743 5,075,698
Deferred policy acquisition costs and value of business acquired 3,023,154 2,199,577
Goodwill 825,511 793,470
Other intangibles, net of accumulated amortization (2018 - $197,583; 2017 - $140,368) 613,431 663,572
Property and equipment, net of accumulated depreciation (2018 - $33,199; 2017 - $22,926) 184,957 111,417
Other assets 250,036 227,357
Income tax receivable 0 76,543
Assets related to separate accounts    
Variable annuity 12,288,919 13,956,071
Variable universal life 937,732 1,035,202
Total assets 89,938,754 79,629,767
Liabilities    
Future policy benefits and claims 41,901,552 30,957,592
Unearned premiums 872,594 875,405
Total policy liabilities and accruals 42,774,146 31,832,997
Stable value product account balances 5,234,731 4,698,371
Annuity account balances 13,720,081 10,921,190
Other policyholders’ funds 1,128,379 1,267,198
Other liabilities 2,374,112 2,353,565
Income tax payable 38,547 0
Deferred income taxes 839,316 1,232,407
Non-recourse funding obligations 2,632,497 2,747,477
Secured financing liabilities 495,307 1,017,749
Debt 1,101,827 945,052
Subordinated debt 605,426 495,289
Liabilities related to separate accounts    
Variable annuity 12,288,919 13,956,071
Variable universal life 937,732 1,035,202
Total liabilities 84,171,020 72,502,568
Commitments and contingencies—Note 15
Shareowner’s equity    
Common Stock, 2018 and 2017 - $.01 par value; shares authorized: 5,000; shares issued: 1,000 0 0
Additional paid-in-capital 5,554,059 5,554,059
Retained earnings 1,639,441 1,560,444
Accumulated other comprehensive income (loss):    
Net unrealized gains (losses) on investments, net of income tax: (2018 - $(368,830); 2017 - $7,416) (1,387,504) 27,896
Net unrealized losses relating to other-than-temporary impaired investments for which a portion has been recognized in earnings, net of income tax: (2018 - $(6,054); 2017 - $(538)) (22,773) (2,022)
Accumulated (loss) gain - derivatives, net of income tax: (2018 - $(2); 2017 - $198) (7) 747
Postretirement benefits liability adjustment, net of income tax: (2018 - $(4,112); 2017 - $(3,469)) (15,482) (13,925)
Total shareowner’s equity 5,767,734 7,127,199
Total liabilities and shareowner’s equity $ 89,938,754 $ 79,629,767