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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Fixed Maturity Securities [Abstract]    
Available-for-sale at fair value (amortized cost of $35,281,412 and $30,211,787) $ 38,150,820 $ 32,093,625
Mortgage loans on real estate (net of allowances of $9,384 and $7,685) 4,400,533 3,775,522
Policy loans 1,357,624 1,427,602
Funds withheld at interest 6,083,388 5,875,919
Short-term investments 93,304 76,710
Other invested assets 1,605,484 1,591,940
Total investments 51,691,153 44,841,318
Cash and cash equivalents 1,303,524 1,200,718
Accrued investment income 392,721 347,173
Premiums receivable and other reinsurance balances 2,338,481 1,930,755
Reinsurance ceded receivables 782,027 683,972
Deferred policy acquisition costs 3,239,824 3,338,605
Other assets 767,088 755,338
Total assets 60,514,818 53,097,879
Liabilities and Stockholders’ Equity    
Future policy benefits 22,363,241 19,581,573
Interest-sensitive contract liabilities 16,227,642 14,029,354
Other policy claims and benefits 4,992,074 4,263,026
Other reinsurance balances 488,739 388,989
Deferred income taxes 2,198,309 2,770,640
Other liabilities 1,102,975 1,041,880
Long-term debt 2,788,365 3,088,635
Collateral finance and securitization notes 783,938 840,700
Total liabilities 50,945,283 46,004,797
Commitments and contingent liabilities (See Note 12)
Stockholders Equity:    
Preferred stock (par value $.01 per share; 10,000,000 shares authorized; no shares issued or outstanding) 0 0
Common stock (par value $.01 per share; 140,000,000 shares authorized; shares issued: 79,137,758 at December 31, 2017 and 2016) 791 791
Additional paid-in-capital 1,870,906 1,848,611
Retained earnings 6,736,265 5,199,130
Treasury stock, at cost - 14,685,663 and 14,835,256 shares (1,102,058) (1,094,779)
Accumulated other comprehensive income 2,063,631 1,139,329
Total stockholders’ equity 9,569,535 7,093,082
Total liabilities and stockholders’ equity $ 60,514,818 $ 53,097,879