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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Assets    
Fixed maturities, at fair value (amortized cost: 2018 - $54,233,151; 2017 - $40,952,535) $ 51,679,226 $ 40,971,486
Fixed maturities, at amortized cost (fair value: 2018 - $2,547,210; 2017 - $2,776,327) 2,633,474 2,718,904
Equity securities, at fair value (cost: 2018 - $589,221; 2017 - $701,951) 557,708 715,498
Mortgage loans (related to securitizations: 2018 - $134; 2017 - $226,409) 7,724,733 6,817,723
Investment real estate, net of accumulated depreciation (2018 - $251; 2017 - $132) 6,816 8,355
Policy loans 1,695,886 1,615,615
Other long-term investments 798,342 940,047
Short-term investments 666,301 527,144
Total investments 65,762,486 54,314,772
Cash 151,400 178,855
Accrued investment income 633,087 489,979
Accounts and premiums receivable 97,033 152,086
Reinsurance receivables 4,486,029 4,800,891
Deferred policy acquisition costs and value of business acquired 3,026,330 2,205,401
Goodwill 825,511 793,470
Other intangibles, net of accumulated amortization (2018 - $197,368; 2017 - $140,232) 612,854 662,916
Property and equipment, net of accumulated depreciation (2018 - $30,989; 2017 - $21,305) 183,843 109,711
Other assets 377,845 337,395
Income tax receivable 0 76,986
Assets related to separate accounts    
Variable annuity 12,288,919 13,956,071
Variable universal life 937,732 1,035,202
Total assets 89,383,069 79,113,735
Liabilities    
Future policy benefits and claims 41,900,618 30,956,792
Unearned premiums 769,620 751,130
Total policy liabilities and accruals 42,670,238 31,707,922
Stable value product account balances 5,234,731 4,698,371
Annuity account balances 13,720,081 10,921,190
Other policyholders’ funds 1,128,379 1,267,198
Other liabilities 1,939,718 1,859,254
Income tax payable 27,189 0
Deferred income taxes 898,339 1,371,989
Debt 1,319 1,682
Subordinated debt 110,000 0
Non-recourse funding obligations 2,888,329 2,952,822
Secured financing liabilities 495,307 1,017,749
Liabilities related to separate accounts    
Variable annuity 12,288,919 13,956,071
Variable universal life 937,732 1,035,202
Total liabilities 82,340,281 70,789,450
Commitments and contingencies - Note 15
Shareowner’s equity    
Preferred Stock; $1 par value, shares authorized: 2,000; Liquidation preference: $2,000 2 2
Common Stock, $1 par value, shares authorized and issued: 2018 and 2017 - 5,000,000 5,000 5,000
Additional paid-in-capital 7,410,537 7,378,496
Retained earnings 1,031,465 916,971
Accumulated other comprehensive income (loss):    
Net unrealized gains (losses) on investments, net of income tax: (2018 - $(367,217); 2017 - $6,860) (1,381,436) 25,091
Net unrealized losses relating to other-than-temporary impaired investments for which a portion has been recognized in earnings, net of income tax: (2018 - $(6,054); 2017 - $(537)) (22,773) (2,022)
Accumulated gain (loss) - derivatives, net of income tax: (2018 - $(2); 2017 - $198) (7) 747
Total shareowner’s equity 7,042,788 8,324,285
Total liabilities and shareowner’s equity $ 89,383,069 $ 79,113,735