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Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Investments:    
Fixed maturities, available-for-sale, at fair value (amortized cost of $20,007,462 and $18,953,144) $ 20,531,627,000 $ 20,162,078,000
Fixed maturities, held-for-trading, at fair value (amortized cost of $612,899 and $331,081) 615,839,000 338,543,000
Mortgage loans on real estate (net of valuation allowances of $2,890 and $2,890) 3,247,704,000 3,363,570,000
Policy loans 4,092,661,000 4,130,062,000
Short-term investments (amortized cost of $267,026 and $263,501) 267,026,000 263,501,000
Limited partnership and other corporation interests 40,980,000 49,421,000
Other investments 15,189,000 16,068,000
Total investments 28,811,026,000 28,323,243,000
Other assets:    
Cash 34,362,000 12,775,000
Reinsurance receivable 604,946,000 611,270,000
Deferred acquisition costs (“DAC”) and value of business acquired (“VOBA”) 414,143,000 378,694,000
Investment income due and accrued 283,183,000 278,886,000
Collateral under securities lending agreements 0 13,741,000
Due from parent and affiliates 62,596,000 47,193,000
Goodwill 137,683,000 137,683,000
Other intangible assets 23,819,000 27,915,000
Other assets 874,918,000 773,651,000
Assets of discontinued operations 21,910,000 24,324,000
Separate account assets 26,631,193,000 27,718,844,000
Total assets 57,899,779,000 58,348,219,000
Policy benefit liabilities:    
Future policy benefits 27,110,981,000 25,968,411,000
Policy and contract claims 354,899,000 339,104,000
Policyholders’ funds 299,577,000 335,484,000
Provision for policyholders’ dividends 55,481,000 58,577,000
Undistributed earnings on participating business 17,024,000 20,050,000
Total policy benefit liabilities 27,837,962,000 26,721,626,000
General liabilities:    
Due to parent and affiliates 540,310,000 547,266,000
Commercial paper 93,371,000 98,589,000
Payable under securities lending agreements 0 13,741,000
Deferred income tax liabilities, net 137,116,000 314,616,000
Other liabilities 755,651,000 771,700,000
Liabilities of discontinued operations 21,910,000 24,324,000
Separate account liabilities 26,631,193,000 27,718,844,000
Total $ 56,017,513,000 $ 56,210,706,000
Commitments and contingencies (See Note 21)
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; 7,232,986 and 7,032,000 shares issued and outstanding 7,233,000 7,032,000
Additional paid-in capital 840,874,000 777,664,000
Accumulated other comprehensive income 233,438,000 603,018,000
Retained earnings 800,721,000 749,799,000
Total stockholder’s equity 1,882,266,000 2,137,513,000
Total liabilities and stockholder’s equity $ 57,899,779,000 $ 58,348,219,000