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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Investments:    
Debt securities available-for-sale, at fair value (cost: $8,083,487 and $8,438,760) $ 7,324,100 $ 7,611,633
Debt securities trading, at fair value (cost: $1,254,993 and $1,269,597) 1,069,625 1,065,993
Mortgage loans, net of allowance for credit losses ($3,736 and $3,575), ($19,422 and $19,334 at fair value) 495,411 505,730
Policy loans 69,123 70,495
Derivatives, index options 72,863 23,669
Equity securities, at fair value (cost: $13,986 and $14,547) 23,157 22,076
Other long-term investments 300,466 262,106
Short-term investments 7,821 3,937
Total investments 9,362,566 9,565,639
Cash and cash equivalents 291,820 295,270
Deferred policy acquisition costs (Note 1) 644,933 663,882
Deferred sales inducements (Note 1) 78,209 85,303
Value of business acquired (Note 1) 134,097 138,495
Cost of reinsurance (Note 1) 72,276 78,328
Market risk benefits asset (Note 1) 40,073 48,759
Accrued investment income 90,607 92,250
Federal income tax receivable 5,489 6,508
Deferred Federal income tax asset (Note 1) 13,822 9,032
Amounts recoverable from reinsurer, net of allowance for credit losses ($800 and $450) (Note 1) 1,611,143 1,688,788
Other assets 109,351 110,691
Total assets 12,454,386 12,782,945
Future policyholder obligations:    
Liability for policyholder account balances (Note 1) 7,285,129 7,661,785
Additional liability for benefits in excess of account balance (Note 1) 151,787 148,708
Liability for future policy benefits (Note 1) 908,212 900,146
Market risk benefits liability (Note 1) 248,876 215,777
Other policyholder liabilities 148,113 175,089
Funds withheld liability 1,243,314 1,333,036
Other liabilities 190,755 157,482
Total liabilities 10,176,186 10,592,023
COMMITMENTS AND CONTINGENCIES (Note 11)
Common stock:    
Additional paid-in capital 41,716 41,716
Accumulated other comprehensive income (loss) (Note 1) (432,879) (478,219)
Retained earnings (Note 1) 2,669,327 2,627,389
Total stockholders’ equity 2,278,200 2,190,922
Total liabilities and stockholders' equity 12,454,386 12,782,945
Class A (Note 4)    
Common stock:    
Common stock value 34 34
Class B (Note 4)    
Common stock:    
Common stock value $ 2 $ 2