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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Investments:    
Fixed maturities, available-for-sale, at fair value (amortized cost $17,112,911 and $18,953,144) $ 17,977,077 $ 20,162,078
Fixed maturities, held-for-trading, at fair value (amortized cost $125,990 and $331,081) 130,577 338,543
Mortgage loans on real estate (net of allowances of $2,890 and $2,890) 3,362,890 3,363,570
Policy loans 4,203,808 4,130,062
Short-term investments (amortized cost $2,635,110 and $263,501) 2,635,110 263,501
Limited partnership and other corporation interests 45,197 49,421
Other investments 15,576 16,068
Total investments 28,370,235 28,323,243
Other assets:    
Cash 94,199 12,775
Reinsurance receivable 616,087 611,270
Deferred acquisition costs (“DAC”) and value of business acquired (“VOBA”) 419,418 378,694
Investment income due and accrued 259,376 278,886
Collateral under securities lending agreements 88,660 13,741
Due from parent and affiliates 45,842 47,193
Goodwill 137,683 137,683
Other intangible assets 25,867 27,915
Other assets 885,464 773,651
Assets of discontinued operations 23,370 24,324
Separate account assets 27,505,755 27,718,844
Total assets 58,471,956 58,348,219
Policy benefit liabilities:    
Future policy benefits 26,447,525 25,968,411
Policy and contract claims 355,993 339,104
Policyholders’ funds 311,404 335,484
Provision for policyholders’ dividends 57,572 58,577
Undistributed earnings on participating business 18,320 20,050
Total policy benefit liabilities 27,190,814 26,721,626
General liabilities:    
Due to parent and affiliates 536,471 547,266
Commercial paper 98,489 98,589
Payable under securities lending agreements 88,660 13,741
Deferred income tax liabilities, net 220,425 314,616
Other liabilities 883,243 771,700
Liabilities of discontinued operations 23,370 24,324
Separate account liabilities 27,505,755 27,718,844
Total liabilities $ 56,547,227 $ 56,210,706
Commitments and contingencies (See Note 13)    
Stockholder’s equity:    
Preferred stock, $1 par value, 50,000,000 shares authorized; none issued and outstanding $ 0 $ 0
Common stock, $1 par value, 50,000,000 shares authorized; 7,032,000 shares issued and outstanding 7,032 7,032
Additional paid-in capital 779,039 777,664
Accumulated other comprehensive income 409,371 603,018
Retained earnings 729,287 749,799
Total stockholder’s equity 1,924,729 2,137,513
Total liabilities and stockholder’s equity $ 58,471,956 $ 58,348,219