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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Investments:    
Securities held to maturity, at amortized cost (fair value: $7,370,596 and $7,175,443) $ 7,121,439 $ 6,841,543
Securities available for sale, at fair value (cost: $2,740,993 and $2,590,074) 2,840,589 2,728,680
Mortgage loans, net of allowance for possible losses ($650 and $650) [1] 132,261 149,503
Policy loans 61,933 63,645
Derivatives, index options 72,527 114,287
Other long-term investments 28,961 28,774
Total investments 10,257,710 9,926,432
Cash and cash equivalents 71,710 277,078
Deferred policy acquisition costs 826,083 802,919
Deferred sales inducements 156,371 159,766
Accrued investment income 99,438 96,127
Federal income tax receivable 7,546 0
Other assets 96,436 89,570
Total assets 11,515,294 11,351,892
Future policy benefits:    
Universal life and annuity contracts 9,484,080 9,384,297
Traditional life reserves 137,451 138,225
Other policyholder liabilities 143,781 139,222
Deferred Federal income tax liability 40,001 31,675
Federal income tax payable 0 3,336
Other liabilities 117,853 98,817
Total liabilities $ 9,923,166 $ 9,795,572
COMMITMENTS AND CONTINGENCIES (Note 8)    
Common stock:    
Additional paid-in capital $ 38,116 $ 38,116
Accumulated other comprehensive income 27,410 41,786
Retained earnings 1,522,966 1,472,782
Total stockholders’ equity 1,592,128 1,556,320
Total liabilities and stockholders' equity 11,515,294 11,351,892
Common Class A [Member]    
Common stock:    
Common stock, value outstanding 3,436 3,436
Common Class B [Member]    
Common stock:    
Common stock, value outstanding $ 200 $ 200
[1] Loan-to-Value Ratio determined using the most recent appraised value.