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SCHEDULE II - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Assets                      
Fixed income, available-for-sale, at fair value (amortized cost, 2020 – $773,881; 2019 – $287,489) $ 6,661,596       $ 5,737,892       $ 6,661,596 $ 5,737,892  
Cash and cash equivalents 287,953       161,847       287,953 161,847  
Accrued investment income 49,997       49,705       49,997 49,705  
Other assets 104,478       105,089       104,478 105,089  
Total assets 7,354,526       6,229,571       7,354,526 6,229,571  
Liabilities:                      
Senior notes 879,379       420,867       879,379 420,867  
Convertible junior subordinated debentures 208,814       256,872       208,814 256,872  
Other liabilities 244,711       151,962       244,711 151,962  
Total liabilities 2,655,540       1,920,337       2,655,540 1,920,337  
Shareholders’ equity:                      
Common stock (one dollar par value, shares authorized 1,000,000; shares issued 2020 - 371,353; 2019 - 371,353; outstanding 2020 - 338,573; 2019 - 347,308) 371,353       371,353       371,353 371,353  
Paid-in capital 1,862,042       1,869,719       1,862,042 1,869,719  
Treasury stock (shares at cost 2020 – 32,779; 2019 – 24,045) (393,326)       (283,196)       (393,326) (283,196)  
Accumulated other comprehensive income, net of tax 216,821       72,708       216,821 72,708  
Retained earnings 2,642,096       2,278,650       2,642,096 2,278,650  
Total shareholders' equity 4,698,986       4,309,234       4,698,986 4,309,234 $ 3,581,891
Total liabilities and shareholders' equity 7,354,526       6,229,571       7,354,526 6,229,571  
Parenthetical information [Abstract]                      
Fixed income, amortized cost $ 6,317,164       $ 5,562,550       $ 6,317,164 $ 5,562,550  
Common stock, par value (in dollars per share) $ 1       $ 1       $ 1 $ 1  
Common stock, shares authorized (in shares) 1,000,000,000       1,000,000,000       1,000,000,000 1,000,000,000  
Common stock, shares issued (in shares) 371,353,000       371,353,000       371,353,000 371,353,000  
Common stock, shares outstanding (in shares) 338,573,000       347,308,000       338,573,000 347,308,000  
Treasury stock, shares at cost (in shares) 32,779,000       24,045,000       32,779,000 24,045,000  
Revenues:                      
Investment income, net of expenses $ 36,118 $ 37,252 $ 39,679 $ 41,347 $ 41,322 $ 42,715 $ 42,423 $ 40,585 $ 154,396 $ 167,045 141,331
Realized gains (losses) 2,901 2,259 6,701 1,891 1,320 4,205 307 (526) 13,752 5,306 (1,353)
Total revenues                 1,199,146 1,213,977 1,123,848
Expenses:                      
Interest expense                 59,595 52,656 52,993
Loss on debt extinguishment 0 26,736 0 0         26,736 0 0
Total losses and expenses                 639,883 366,000 279,698
Income before tax                 559,263 847,977 844,150
Provision for income taxes 38,782 33,518 2,436 38,434 45,599 46,186 43,433 38,996 113,170 174,214 174,053
Net income 151,430 130,811 14,047 149,805 177,110 176,934 167,778 151,941 446,093 673,763 670,097
Other comprehensive income (loss), net of tax                 144,113 196,922 (80,413)
Comprehensive income                 590,206 870,685 589,684
Cash flows from operating activities:                      
Net income 151,430 130,811 14,047 149,805 177,110 $ 176,934 $ 167,778 151,941 446,093 673,763 670,097
Adjustments to reconcile net income to net cash provided by operating activities:                      
Deferred Federal                 28,244 11,860 185,598
Loss on debt extinguishment 0 $ 26,736 $ 0 0         26,736 0 0
Change in certain assets and liabilities:                      
Accrued investment income                 (292) (1,704) (1,941)
Net cash provided by operating activities                 732,309 609,532 544,517
Cash flows from investing activities:                      
Purchases of investments                 (2,636,972) (1,394,126) (1,459,473)
Proceeds from sales of investments                 836,851 229,796 370,449
Net cash used in investing activities                 (772,506) (422,108) (317,780)
Cash flows from financing activities:                      
Proceeds from issuance of senior notes                 640,250 0 0
Purchase of senior notes                 (179,735) 0 0
Payment of original issue discount - senior notes                 (2,969) 0 0
Purchase of convertible junior subordinated debentures                 (36,392) 0 0
Payment of original issue discount- convertible junior subordinated debentures                 (15,049) 0 0
Cash portion of loss on debt extinguishment                 (25,266) 0 0
Repurchase of common stock                 (119,997) (125,766) (163,419)
Dividends paid                 (82,061) (41,914) 0
Payment of debt issuance costs                 (2,020) 0 0
Payment of withholding taxes related to share-based compensation net share settlement                 (8,940) (5,726) (8,131)
Net cash provided by (used in) financing activities                 167,821 (173,406) (171,550)
Net increase in cash and cash equivalents and restricted cash and cash equivalents                 127,624 14,018 55,187
Cash and cash equivalents and restricted cash and cash equivalents at beginning of year       169,056       155,038 169,056 155,038 99,851
Cash and cash equivalents and restricted cash and cash equivalents at end of year 296,680       169,056       296,680 169,056 155,038
Parent Company                      
Assets                      
Fixed income, available-for-sale, at fair value (amortized cost, 2020 – $773,881; 2019 – $287,489) 773,995       288,362       773,995 288,362  
Cash and cash equivalents 73,000       36,621       73,000 36,621  
Investment in subsidiaries, at equity in net assets 4,740,074       4,611,356       4,740,074 4,611,356  
Accounts receivable - affiliates 1,450       2,129       1,450 2,129  
Income taxes -current and deferred 219,059       196,978       219,059 196,978  
Accrued investment income 3,760       2,498       3,760 2,498  
Other assets 0       81       0 81  
Total assets 5,811,338       5,138,025       5,811,338 5,138,025  
Liabilities:                      
Senior notes 879,379       420,867       879,379 420,867  
Convertible junior subordinated debentures 208,814       389,522       208,814 389,522  
Accrued interest 23,004       17,928       23,004 17,928  
Other liabilities 1,155       474       1,155 474  
Total liabilities 1,112,352       828,791       1,112,352 828,791  
Shareholders’ equity:                      
Common stock (one dollar par value, shares authorized 1,000,000; shares issued 2020 - 371,353; 2019 - 371,353; outstanding 2020 - 338,573; 2019 - 347,308) 371,353       371,353       371,353 371,353  
Paid-in capital 1,862,042       1,869,719       1,862,042 1,869,719  
Treasury stock (shares at cost 2020 – 32,779; 2019 – 24,045) (393,326)       (283,196)       (393,326) (283,196)  
Accumulated other comprehensive income, net of tax 216,821       72,708       216,821 72,708  
Retained earnings 2,642,096       2,278,650       2,642,096 2,278,650  
Total shareholders' equity 4,698,986       4,309,234       4,698,986 4,309,234  
Total liabilities and shareholders' equity 5,811,338       5,138,025       5,811,338 5,138,025  
Parenthetical information [Abstract]                      
Fixed income, amortized cost $ 773,881       $ 287,489       $ 773,881 $ 287,489  
Common stock, par value (in dollars per share) $ 1       $ 1       $ 1 $ 1  
Common stock, shares authorized (in shares) 1,000,000,000       1,000,000,000       1,000,000,000 1,000,000,000  
Common stock, shares issued (in shares) 371,353,000       371,353,000       371,353,000 371,353,000  
Common stock, shares outstanding (in shares) 338,573,000       347,308,000       338,573,000 347,308,000  
Treasury stock, shares at cost (in shares) 32,779,000       24,045,000       32,779,000 24,045,000  
Revenues:                      
Investment income, net of expenses                 $ 7,090 $ 7,695 4,685
Realized gains (losses)                 1,454 (311) (532)
Total revenues                 8,544 7,384 4,153
Expenses:                      
Operating expenses                 719 793 637
Interest expense                 65,472 61,593 61,930
Loss on debt extinguishment                 35,033 0 0
Total losses and expenses                 101,224 62,386 62,567
Income before tax                 (92,680) (55,002) (58,414)
Provision for income taxes                 (18,431) (12,263) (13,517)
Equity in net income of subsidiaries                 520,342 716,502 714,994
Net income                 446,093 673,763 670,097
Other comprehensive income (loss), net of tax                 144,113 196,922 (80,413)
Comprehensive income                 590,206 870,685 589,684
Cash flows from operating activities:                      
Net income                 446,093 673,763 670,097
Adjustments to reconcile net income to net cash provided by operating activities:                      
Equity in net income of subsidiaries                 (520,342) (716,502) (714,994)
Dividends received from subsidiaries                 221,024 154,413 199,692
Deferred Federal                 (18,252) (10,416) (11,756)
Loss on debt extinguishment                 35,033 0 0
Other                 19,088 21,104 24,303
Change in certain assets and liabilities:                      
Accounts receivable - affiliates                 972 (735) 18
Income taxes receivable                 0 1 17,859
Accrued investment income                 (1,262) (478) 112
Accrued interest                 5,076 (2) (4)
Net cash provided by operating activities                 187,430 121,148 185,327
Cash flows from investing activities:                      
Purchases of investments                 (1,131,060) (117,663) (83,003)
Proceeds from sales of investments                 812,188 160,040 93,481
Net cash used in investing activities                 (318,872) 42,377 10,478
Cash flows from financing activities:                      
Proceeds from issuance of senior notes                 640,250 0 0
Purchase of senior notes                 (179,735) 0 0
Payment of original issue discount - senior notes                 (2,969) 0 0
Purchase of convertible junior subordinated debentures                 (36,392) 0 0
Payment of original issue discount- convertible junior subordinated debentures                 (15,049) 0 0
Cash portion of loss on debt extinguishment                 (25,266) 0 0
Repurchase of common stock                 (119,997) (125,766) (163,419)
Dividends paid                 (82,061) (41,914) 0
Payment of debt issuance costs                 (2,020) 0 0
Payment of withholding taxes related to share-based compensation net share settlement                 (8,940) (5,726) (8,131)
Net cash provided by (used in) financing activities                 167,821 (173,406) (171,550)
Net increase in cash and cash equivalents and restricted cash and cash equivalents                 36,379 (9,881) 24,255
Cash and cash equivalents and restricted cash and cash equivalents at beginning of year       $ 36,621       $ 46,502 36,621 46,502 22,247
Cash and cash equivalents and restricted cash and cash equivalents at end of year $ 73,000       $ 36,621       $ 73,000 $ 36,621 $ 46,502