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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Investments:    
Debt securities available-for-sale, at fair value (cost: $8,438,760 and $8,604,250) $ 7,611,633 $ 9,068,946
Debt securities trading, at fair value (cost: $1,269,597 and $1,066,108) 1,065,993 1,077,438
Mortgage loans, net of allowance for credit losses ($3,575 and $2,987), ($19,334 and $8,469 at fair value) 505,730 487,304
Policy loans 70,495 71,286
Derivatives, index options 23,669 101,622
Equity securities, at fair value (cost: $14,547 and $16,549) 22,076 28,217
Other long-term investments 262,106 137,670
Short-term investments 3,937 0
Total investments 9,565,639 10,972,483
Cash and cash equivalents 295,270 714,624
Deferred policy acquisition costs 909,786 569,839
Deferred sales inducements 114,399 78,136
Value of business acquired 146,494 154,499
Cost of reinsurance 78,328 89,686
Accrued investment income 92,250 84,394
Federal income tax receivable 6,508 0
Deferred federal income tax asset 57,867 0
Amounts recoverable from reinsurer, net of allowance for credit losses ($450 and $0) 1,723,347 1,539,919
Other assets 110,339 126,609
Total assets 13,100,227 14,330,189
Future policy benefits:    
Universal life and annuity contracts 8,498,684 9,003,275
Traditional life reserves 919,650 909,712
Other policyholder liabilities 175,089 134,338
Funds withheld liability 1,333,036 1,485,267
Deferred Federal income tax liability 0 101,166
Federal income tax payable 0 2,331
Other liabilities 166,557 154,409
Total liabilities 11,093,016 11,790,498
COMMITMENTS AND CONTINGENCIES
Common stock:    
Additional paid-in capital 41,716 41,716
Accumulated other comprehensive income (loss) (416,397) 215,953
Retained earnings 2,381,856 2,281,986
Total stockholders' equity 2,007,211 2,539,691
Total liabilities and stockholders' equity 13,100,227 14,330,189
Class A    
Common stock:    
Common stock, value outstanding 34 34
Class B    
Common stock:    
Common stock, value outstanding $ 2 $ 2