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Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Investments:    
Fixed maturity securities available for sale, at fair value (amortized cost - $8,835,922 in 2016 and $9,470,795 in 2015) $ 9,919,591 $ 10,215,328
Equity securities available for sale, at fair value (cost - $392,780 in 2016 and $450,563 in 2015) 450,617 500,057
Commercial mortgage loans on real estate, at amortized cost 595,067 1,151,256
Policy loans 40,113 43,858
Short-term investments 396,598 508,950
Other investments 631,104 575,323
Total investments 12,033,090 12,994,772
Cash and cash equivalents 1,116,623 1,288,305
Premiums and accounts receivable, net 1,312,738 1,260,717
Reinsurance recoverables 9,059,947 7,470,403
Accrued investment income 116,823 129,743
Deferred acquisition costs 3,034,091 3,150,934
Property and equipment, at cost less accumulated depreciation 337,100 298,414
Tax receivable 0 24,176
Goodwill 839,681 833,512
Value of business acquired 34,350 41,154
Other intangible assets, net 263,284 277,163
Other assets 397,169 469,005
Assets held in separate accounts 1,738,940 1,798,104
Total assets 30,283,836 30,036,402
Liabilities    
Future policy benefits and expenses 10,042,896 9,466,694
Unearned premiums 6,443,266 6,423,720
Claims and benefits payable 3,397,455 3,896,719
Commissions payable 382,778 393,260
Reinsurance balances payable 116,233 132,728
Funds held under reinsurance 106,924 94,417
Deferred gains on disposal of businesses 318,411 92,327
Accounts payable and other liabilities 2,009,379 2,049,810
Tax payable 57,083 0
Debt 1,165,557 1,164,656
Liabilities related to separate accounts 1,738,940 1,798,104
Total liabilities 25,778,922 25,512,435
Commitments and contingencies
Stockholders’ equity    
Common stock, par value $0.01 per share, 800,000,000 shares authorized, 58,010,506 and 65,850,386 shares outstanding at September 30, 2016 and December 31, 2015, respectively 1,503 1,497
Additional paid-in capital 3,168,267 3,148,409
Retained earnings 5,295,671 4,856,674
Accumulated other comprehensive income 328,106 118,549
Treasury stock, at cost; 91,954,392 and 83,523,031 shares at September 30, 2016 and December 31, 2015, respectively (4,288,633) (3,601,162)
Total stockholders’ equity 4,504,914 4,523,967
Total liabilities and stockholders’ equity $ 30,283,836 $ 30,036,402