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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Investments:    
Debt securities available-for-sale, at fair value (cost: $8,723,242 and $8,604,250) $ 8,160,952 $ 9,068,946
Debt securities trading, at fair value (cost: $1,055,106 and $1,066,108) 909,647 1,077,438
Mortgage loans, net of allowance for credit losses ($2,573 and $2,987), ($18,738 and 8,469 at fair value) 511,936 487,304
Policy loans 71,443 71,286
Derivatives, index options 6,071 101,622
Equity securities, at fair value (cost: $16,351 and $16,549) 22,121 28,217
Other long-term investments 158,859 137,670
Total investments 9,841,029 10,972,483
Cash and cash equivalents 530,559 714,624
Deferred policy acquisition costs 882,537 569,839
Deferred sales inducements 122,390 78,136
Value of business acquired 149,962 154,499
Cost of reinsurance 84,175 89,686
Accrued investment income 84,920 84,394
Federal income tax receivable 16,855 0
Deferred federal income tax asset 21,245 0
Amounts recoverable from reinsurer 1,452,562 1,539,919
Other assets 116,135 126,609
Total assets 13,302,369 14,330,189
Future policy benefits:    
Universal life and annuity contracts 8,778,832 9,003,275
Traditional life reserves 912,368 909,712
Other policyholder liabilities 142,181 134,338
Funds withheld liability 1,208,219 1,485,267
Deferred Federal income tax liability 0 101,166
Federal income tax payable 0 2,331
Other liabilities 165,220 154,409
Total liabilities 11,206,820 11,790,498
COMMITMENTS AND CONTINGENCIES
Common stock:    
Additional paid-in capital 41,716 41,716
Accumulated other comprehensive income (loss) (295,138) 215,953
Retained earnings 2,348,935 2,281,986
Total stockholders’ equity 2,095,549 2,539,691
Total liabilities and stockholders' equity 13,302,369 14,330,189
Class A    
Common stock:    
Common stock value 34 34
Class B    
Common stock:    
Common stock value $ 2 $ 2