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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Fixed maturity securities:    
Available for sale, at fair value (amortized cost: 2017 - $43,116,759; 2016 - $39,953,955) $ 45,372,989 $ 41,060,494
Held for investment, at amortized cost (fair value: 2017 - $76,460; 2016 - $68,766) 77,041 76,825
Mortgage loans on real estate 2,665,531 2,480,956
Derivative instruments 1,568,380 830,519
Other investments 616,764 308,774
Total investments 50,300,705 44,757,568
Cash and cash equivalents 1,434,045 791,266
Coinsurance deposits 4,858,289 4,639,492
Accrued investment income 429,008 397,773
Deferred policy acquisition costs 2,714,523 2,905,377
Deferred sales inducements 2,001,892 2,208,218
Deferred income taxes 38,147 168,578
Income taxes recoverable 0 11,474
Other assets 254,127 173,726
Total assets 62,030,736 56,053,472
Liabilities:    
Policy benefit reserves 56,142,673 51,637,026
Other policy funds and contract claims 282,884 298,347
Notes and loan payable 494,093 493,755
Subordinated debentures 242,565 241,853
Income taxes payable 34,285 0
Other liabilities 1,984,079 1,090,896
Total liabilities 59,180,579 53,761,877
Stockholders' equity:    
Preferred stock, par value $1 per share, 2,000,000 shares authorized, 2017 and 2016 - no shares issued and outstanding 0 0
Common stock, par value $1 per share, 200,000,000 shares authorized; issued and outstanding: 2017 - 89,331,087 shares (excluding 2,064,727 treasury shares); 2016 - 88,001,130 shares (excluding 2,887,082 treasury shares) 89,331 88,001
Additional paid-in capital 791,446 770,344
Accumulated other comprehensive income 724,599 339,966
Retained earnings 1,244,781 1,093,284
Total stockholders' equity 2,850,157 2,291,595
Total liabilities and stockholders' equity $ 62,030,736 $ 56,053,472