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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Investments:    
Fixed maturity securities, available for sale, at fair value (amortized cost of $47,132,615 as of 2020 and $48,238,946 as of 2019; allowance for credit losses of $61,619 as of 2020) $ 51,700,743 $ 51,580,490
Mortgage loans on real estate (net of allowance for credit losses of $19,279 as of 2020 and $9,179 as of 2019) 3,926,699 3,448,793
Derivative instruments 874,741 1,355,989
Other investments 495,740 492,301
Total investments 56,997,923 56,877,573
Cash and cash equivalents 2,656,632 2,293,392
Coinsurance deposits (net of allowance for credit losses of $2,648 as of 2020 and $0 as of 2019) 4,886,705 5,115,013
Accrued investment income 452,647 472,826
Deferred policy acquisition costs 2,163,003 2,923,454
Deferred sales inducements 1,426,945 1,966,723
Income taxes recoverable 34,773 0
Other assets 46,448 47,571
Total assets 68,665,076 69,696,552
Liabilities:    
Policy benefit reserves 60,109,669 61,893,945
Other policy funds and contract claims 242,159 256,105
Notes payable 495,528 495,116
Subordinated debentures 78,037 157,265
Deferred income taxes 512,428 177,897
Income taxes payable 0 429
Other liabilities 1,108,521 2,145,676
Total liabilities 62,546,342 65,126,433
Stockholders' equity:    
Common stock; par value $1 per share; 200,000,000 shares authorized; issued and outstanding: 2020 - 91,931,837 shares (excluding 1,169,901 treasury shares); 2019 - 91,107,555 shares (excluding 1,344,193 treasury shares) 91,932 91,107
Additional paid-in capital 1,510,987 1,212,311
Accumulated other comprehensive income 2,112,111 1,497,921
Retained earnings 2,403,676 1,768,764
Total stockholders' equity 6,118,734 4,570,119
Total liabilities and stockholders' equity 68,665,076 69,696,552
Preferred Stock, Series A    
Stockholders' equity:    
Preferred stock 16 16
Preferred Stock, Series B    
Stockholders' equity:    
Preferred stock $ 12 $ 0