Summary of Investments - Other than Investments in Related Parties

12 Months Ended

Dec. 31, 2015

Summary of Investments - Other than Investments in Related Parties

Type of investment	Cost (1)		Fair value		Amount at which shown in the consolidated balance sheets
Fixed-maturity securities:
Fixed-maturity securities, available-for-sale:
U.S. government	$	1,682,642		1,755,324		1,755,324
Agencies not backed by the full faith and credit of the U.S. government		10,474		10,514		10,514
States and political subdivisions		8,533,503		8,998,534		8,998,534
Foreign government		269,608		272,167		272,167
Public utilities		5,798,475		6,222,198		6,222,198
Corporate securities		50,603,848		50,946,485		50,946,485
Mortgage-backed securities		12,263,037		12,497,799		12,497,799
Collateralized mortgage obligations		9,208		10,283		10,283
Collateralized debt obligations		9,738		21,164		21,164
Total fixed-maturity securities, available-for-sale		79,180,533		80,734,468		80,734,468
Fixed-maturity securities, at fair value through income:
U.S. government		36,474		37,111		37,111
Total fixed-maturity securities, trading		36,474		37,111		37,111
Fixed-maturity securities, held-to-maturity:
Corporate securities		55		65		55
Collateralized debt obligations		—		5,214		—
Total fixed-maturity securities, held-to-maturity		55		5,279		55
Total fixed-maturity securities		79,217,062		80,776,858		80,771,634
Equity securities:
Equity securities, available-for-sale:
Common stocks:
Industrial and miscellaneous		71,005		68,611		68,611
Equity securities, trading:
Common stocks:
Industrial and miscellaneous		299,017		292,816		292,816
Total equity securities		370,022	$	361,427		361,427
Other investments:
Mortgage loans on real estate, net		8,788,018		9,042,293		8,788,018
Short-term securities		4,454		4,454		4,454
Derivatives		591,609		591,609		591,609
Loans to affiliates		33,005		32,733		33,005
Policy loans		163,129		163,129		163,129
Acquired loans		224,083		271,927		224,083
Other invested assets		92,977		92,977		92,977
Total other investments		9,897,275		10,199,122		9,897,275
Total investments	$	89,484,359		91,337,407	$	91,030,336

⁽¹⁾  Original cost of equity securities and, as to fixed-maturities, original cost reduced by repayments and adjusted for amortization of premiums, accrual discounts, or impairments.