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Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Fixed maturities, available-for-sale, at fair value (allowance for credit losses: 2021 – $4,149; 2020 – $2,339) (amortized cost: 2021 – $12,737,749; 2020 – $6,157,371) $ 13,278,166 $ 7,012,631
Fixed maturities, trading, at fair value (amortized cost: 2021 – $3,319,660; 2020 – $73,413) 3,302,392 82,482
Equity securities, at fair value (cost: 2021 – $106,174; 2020 – $105,508) 111,267 108,457
Policy loans 1,327,485 1,323,681
Short-term investments 182,437 49,997
Commercial mortgage and other loans (net of $5,951 and $4,552 allowance for credit losses at December 31, 2021 and December 31, 2020, respectively) 2,832,560 1,288,846
Other invested assets (includes $348,004 and $94,939 measured at fair value at December 31, 2021 and 2020, respectively) 1,209,925 520,955
Total investments 22,244,232 10,387,049
Cash and cash equivalents 918,931 426,979
Deferred policy acquisition costs 6,830,972 2,433,936
Accrued investment income 160,027 93,613
Reinsurance recoverables 38,598,767 48,367,096
Receivables from parent and affiliates 278,131 266,473
Deferred sales inducements 374,649 0
Income taxes receivable 1,316,879 175,024
Other assets 1,140,948 417,508
Separate account assets 149,797,828 145,740,422
TOTAL ASSETS 221,661,364 208,308,100
LIABILITIES    
Future policy benefits 27,927,029 32,889,181
Policyholders’ account balances 35,361,795 23,857,574
Cash collateral for loaned securities 3,004 2,725
Long-term debt to affiliates 320,362 0
Payables to parent and affiliates 31,775 75,990
Other Liabilities 2,264,477 1,694,492
Separate account liabilities 149,797,828 145,740,422
Total liabilities 215,706,270 204,260,384
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 6,042,491 1,726,690
Retained earnings (437,332) 1,772,398
Accumulated other comprehensive income (loss) 347,435 546,128
Total equity 5,955,094 4,047,716
TOTAL LIABILITIES AND EQUITY $ 221,661,364 $ 208,308,100