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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Investments:    
Securities held to maturity, at amortized cost (fair value: $7,335,436 and $7,175,443) $ 7,173,967 $ 6,841,543
Securities available for sale, at fair value (amortized cost: $2,847,414 and $2,590,074) 2,879,583 2,728,680
Mortgage loans, net of allowance for possible losses ($650 and $650) 108,311 149,503
Policy loans 61,957 63,645
Derivatives, index options 38,409 114,287
Other long-term investments 26,787 28,774
Total investments 10,289,014 9,926,432
Cash and cash equivalents 106,007 277,078
Deferred policy acquisition costs 853,451 802,919
Deferred sales inducements 159,166 159,766
Accrued investment income 99,619 96,127
Federal income tax receivable 12,512 0
Other assets 92,807 89,570
Total assets 11,612,576 11,351,892
Future policy benefits:    
Universal life and annuity contracts 9,561,358 9,384,297
Traditional life reserves 138,000 138,225
Other policyholder liabilities 155,261 139,222
Deferred Federal income tax liability 49,333 31,675
Federal income tax payable 0 3,336
Other liabilities 96,638 98,817
Total liabilities 10,000,590 9,795,572
COMMITMENTS AND CONTINGENCIES (Notes 4, 7, and 9) 0 0
Common stock:    
Additional paid-in capital 41,716 38,116
Accumulated other comprehensive income 329 41,786
Retained earnings 1,569,905 1,472,782
Total stockholders' equity 1,611,986 1,556,320
Total liabilities and stockholders' equity 11,612,576 11,351,892
Common Class A [Member]    
Common stock:    
Common stock, value outstanding 34 3,436
Common Class B [Member]    
Common stock:    
Common stock, value outstanding $ 2 $ 200