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Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
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) $ 19,025,401 $ 13,278,166
Fixed maturities, trading, at fair value (amortized cost: 2022 – $2,682,022; 2021 – $3,319,660) 1,936,159 3,302,392
Equity securities, at fair value (cost: 2021 – $106,174; 2020 – $105,508) 143,072 111,267
Policy loans 505,367 1,327,485
Short-term investments 124,491 182,437
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) 4,928,680 2,832,560
Other invested assets (includes $348,004 and $94,939 measured at fair value at December 31, 2021 and 2020, respectively) 1,088,613 1,209,925
Total investments 27,751,783 22,244,232
Cash and cash equivalents 2,397,627 918,931
Deferred policy acquisition costs 6,616,097 6,830,972
Accrued investment income 219,635 160,027
Reinsurance recoverables 34,561,825 38,598,767
Receivables from parent and affiliates 224,921 278,131
Deferred sales inducements 275,574 374,649
Income taxes receivable 1,873,740 1,316,879
Other assets 1,327,393 1,140,948
Separate account assets 114,051,246 149,797,828
TOTAL ASSETS 189,299,841 221,661,364
LIABILITIES    
Policyholders’ account balances 41,748,241 35,361,795
Future policy benefits 23,204,533 27,927,029
Cash collateral for loaned securities 86,750 3,004
Short-term debt to affiliates 126,250 0
Long-term debt to affiliates 185,563 320,362
Payables to parent and affiliates 2,126,571 31,775
Other Liabilities 3,407,156 2,264,477
Separate account liabilities 114,051,246 149,797,828
Total liabilities 184,936,310 215,706,270
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 6,037,914 6,042,491
Retained earnings / (accumulated deficit) (95,583) (437,332)
Accumulated other comprehensive income (loss) (1,581,300) 347,435
Partners' capital 4,363,531 5,955,094
Total liabilities and partners’ capital $ 189,299,841 $ 221,661,364