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Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
ASSETS    
Fixed maturities, available for sale, at fair value (amortized cost: 2018 – $5,244,903; 2017 – $4,941,944) $ 5,199,595 $ 5,223,302
Fixed maturities, trading, at fair value (amortized cost: 2018 – $44,759; 2017 – $38,279) 41,627 38,793
Equity securities, at fair value (cost: 2018 – $31,824; 2017 – $32,694) 36,922 40,610
Policy loans 1,236,077 1,161,101
Short-term investments 0 1,339
Commercial mortgage and other loans 1,209,150 1,083,419
Other invested assets (includes $120,717 and $726 measured at fair value at December 31, 2018 and December 31, 2017, respectively) 377,429 263,074
Total investments 8,100,800 7,811,638
Cash and cash equivalents 416,840 212,569
Deferred policy acquisition costs 1,613,922 1,376,211
Accrued investment income 88,278 82,341
Reinsurance recoverables 34,682,127 32,521,264
Receivables from parent and affiliates 289,580 300,116
Income Taxes Receivable 46,102 0
Other assets 365,219 465,467
Separate account assets 119,077,916 129,655,734
TOTAL ASSETS 164,680,784 172,425,340
LIABILITIES    
Policyholders’ account balances 22,059,692 20,036,134
Future policy benefits 19,476,394 18,561,550
Cash collateral for loaned securities 11,063 33,169
Income taxes payable 0 36,323
Payables to parent and affiliates 229,345 228,210
Other liabilities 1,093,143 1,038,972
Separate account liabilities 119,077,916 129,655,734
Total liabilities 161,947,553 169,590,092
Commitments and Contingent Liabilities
EQUITY    
Common stock ($10 par value; 1,000,000 shares authorized; 250,000 shares issued and outstanding) 2,500 2,500
Additional paid-in capital 1,146,592 1,141,092
Retained earnings 1,612,435 1,526,310
Accumulated other comprehensive income (28,296) 165,346
Total equity 2,733,231 2,835,248
TOTAL LIABILITIES AND EQUITY $ 164,680,784 $ 172,425,340