XML 17 R6.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Assets    
Fixed maturities, at fair value (amortized cost: 2019 - $63,349,246; 2018 - $54,466,305) $ 64,710,656 $ 51,904,699
Fixed maturities, at amortized cost (fair value: 2019 - $2,640,827; 2018 - $2,547,210) 2,576,216 2,633,474
Equity securities, at fair value (cost: 2019 - $622,178; 2018 - $627,087) 629,965 595,884
Mortgage loans (related to securitizations: 2019 - $0; 2018 - $134) 9,053,400 7,724,733
Investment real estate, net of accumulated depreciation (2019 - $315; 2018 - $251) 6,777 6,816
Policy loans 1,709,110 1,695,886
Other long-term investments 934,770 759,354
Short-term investments 1,220,840 807,283
Total investments 80,841,734 66,128,129
Cash 243,291 173,714
Accrued investment income 730,149 634,921
Accounts and premiums receivable 262,163 113,507
Reinsurance receivables 4,558,158 4,764,743
Deferred policy acquisition costs and value of business acquired 3,474,557 3,023,154
Goodwill 825,511 825,511
Other intangibles, net of accumulated amortization (2019 - $225,912; 2018 - $197,583) 616,931 613,431
Property and equipment, net of accumulated depreciation (2019 - $40,620; 2018 - $33,199) 212,905 184,957
Other assets 1,972,083 250,036
Assets related to separate accounts:    
Variable annuity 12,790,474 12,288,919
Variable universal life 1,073,020 937,732
Reinsurance assumed 9,844,996 0
Total assets 117,445,972 89,938,754
Liabilities    
Future policy benefits and claims 53,470,312 41,901,552
Unearned premiums 887,691 872,594
Total policy liabilities and accruals 54,358,003 42,774,146
Stable value product account balances 5,816,503 5,234,731
Annuity account balances 14,179,277 13,720,081
Other policyholders’ funds 1,542,296 1,128,379
Other liabilities 3,246,982 2,374,112
Income tax payable 67,837 38,547
Deferred income taxes 1,177,197 839,316
Non-recourse funding obligations 2,576,538 2,632,497
Secured financing liabilities 126,862 495,307
Debt 1,677,557 1,101,827
Subordinated debt 605,494 605,426
Liabilities related to separate accounts:    
Variable annuity 12,790,474 12,288,919
Variable universal life 1,073,020 937,732
Reinsurance assumed 9,844,996 0
Total liabilities 109,083,036 84,171,020
Commitments and contingencies
Shareowner’s equity    
Common Stock: 2019 and 2018 - $0.01 par value; shares authorized: 5,000; shares issued: 1,000 0 0
Additional paid-in-capital 5,804,059 5,554,059
Retained earnings 1,835,028 1,639,441
Accumulated other comprehensive income (loss):    
Net unrealized (losses) gains on investments, net of income tax: (2019 - $197,257; 2018 - $(368,830)) 742,063 (1,387,504)
Net unrealized losses relating to other-than-temporary impaired investments for which a portion has been recognized in earnings, net of income tax: (2019 - $410; 2018 - $(6,054)) 1,543 (22,773)
Accumulated gain (loss) - derivatives, net of income tax: (2019 - $(1,136); 2018 - $(2)) (4,275) (7)
Postretirement benefits liability adjustment, net of income tax: (2019 - $(4,112); 2018 - $(4,112)) (15,482) (15,482)
Total shareowner’s equity 8,362,936 5,767,734
Total liabilities and shareowner’s equity $ 117,445,972 $ 89,938,754