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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets    
Fixed maturities, at fair value (amortized cost: 2019 - $63,268,660; 2018 - $54,233,151) $ 66,043,992 $ 51,679,226
Fixed maturities, at amortized cost (fair value: 2019 - $3,025,790; 2018 - $2,547,210) 2,823,881 2,633,474
Equity securities, at fair value (cost: 2019 - $534,463; 2018 - $589,221) 553,720 557,708
Mortgage loans (related to securitizations: 2019 - $—; 2018 - $134) 9,379,401 7,724,733
Investment real estate, net of accumulated depreciation (2019 - $203; 2018 - $251) 10,321 6,816
Policy loans 1,675,121 1,695,886
Other long-term investments 2,479,520 798,342
Short-term investments 1,320,864 666,301
Total investments 84,286,820 65,762,486
Cash 171,752 151,400
Accrued investment income 715,388 633,087
Accounts and premiums receivable 174,202 97,033
Reinsurance receivables 4,181,100 4,486,029
Deferred policy acquisition costs and value of business acquired 3,519,555 3,026,330
Goodwill 825,511 825,511
Other intangibles, net of accumulated amortization (2019 - $253,759; 2018 - $197,368) 583,426 612,854
Property and equipment, net of accumulated depreciation (2019 - $49,357; 2018 - $30,989) 211,745  
Property and equipment, net of accumulated depreciation (2019 - $49,357; 2018 - $30,989)   183,843
Other assets 499,309 377,845
Assets related to separate accounts    
Variable annuity 12,730,090 12,288,919
Variable universal life 1,135,666 937,732
Reinsurance assumed 11,443,105 0
Total assets 120,477,669 89,383,069
Liabilities    
Future policy benefits and claims 53,943,962 41,900,618
Unearned premiums 794,832 769,620
Total policy liabilities and accruals 54,738,794 42,670,238
Stable value product account balances 5,443,752 5,234,731
Annuity account balances 14,289,907 13,720,081
Other policyholders’ funds 1,576,856 1,128,379
Other liabilities 2,977,278 1,939,718
Income tax payable 34,224 27,189
Deferred income taxes 1,371,970 898,339
Debt 968 1,319
Subordinated debt 110,000 110,000
Non-recourse funding obligations 3,082,753 2,888,329
Secured financing liabilities 335,480 495,307
Liabilities related to separate accounts    
Variable annuity 12,730,090 12,288,919
Variable universal life 1,135,666 937,732
Reinsurance assumed 11,443,105 0
Total liabilities 109,270,843 82,340,281
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: 2019 and 2018 - 5,000,000 5,000 5,000
Additional paid-in-capital 8,260,537 7,410,537
Retained earnings 1,533,645 1,031,465
Accumulated other comprehensive income (loss):    
Net unrealized gains (losses) on investments, net of income tax: (2019 - $(383,311); 2018 - $(367,217)) 1,441,978 (1,381,436)
Net unrealized losses relating to other-than-temporary impaired investments for which a portion has been recognized in earnings, net of income tax: (2019 - $(7,004); 2018 - $(6,054)) (26,347) (22,773)
Accumulated gain (loss) - derivatives, net of income tax: (2019 - $(2,123); 2018 - $(2)) (7,989) (7)
Total shareowner’s equity 11,206,826 7,042,788
Total liabilities and shareowner’s equity $ 120,477,669 $ 89,383,069