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Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Fixed maturities, available for sale, at fair value (amortized cost: 2019 – $5,283,266; 2018 – $5,244,903) $ 5,681,970 $ 5,199,595
Fixed maturities, trading, at fair value (amortized cost: 2019 – $59,995; 2018 – $44,759) 59,964 41,627
Equity securities, at fair value (cost: 2019 – $6,360; 2018 – $31,824) 10,494 36,922
Policy loans 1,314,064 1,236,077
Commercial mortgage and other loans 1,239,885 1,209,150
Other invested assets (includes $87,456 and $120,717 measured at fair value at December 31, 2019 and 2018, respectively) 429,558 377,429
Total investments 8,735,935 8,100,800
Cash and cash equivalents 563,199 416,840
Deferred policy acquisition costs 1,855,698 1,613,922
Accrued investment income 89,448 88,278
Reinsurance recoverables 40,710,159 34,682,127
Receivables from parent and affiliates 271,981 289,580
Income Taxes Receivable 102,652 46,102
Other assets 441,543 365,219
Separate account assets 138,387,772 119,077,916
TOTAL ASSETS 191,158,387 164,680,784
LIABILITIES    
Policyholders’ account balances 22,878,823 22,059,692
Future policy benefits 25,258,673 19,476,394
Cash collateral for loaned securities 7,529 11,063
Short-term debt to affiliates 2,845 0
Payables to parent and affiliates 216,842 229,345
Other liabilities 1,390,876 1,093,143
Separate account liabilities 138,387,772 119,077,916
Total liabilities 188,143,360 161,947,553
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 1,153,632 1,146,592
Retained earnings 1,577,453 1,612,435
Accumulated other comprehensive income (loss) 281,442 (28,296)
Total equity 3,015,027 2,733,231
TOTAL LIABILITIES AND EQUITY $ 191,158,387 $ 164,680,784