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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Investments:    
Fixed maturities—available for sale, at fair value (amortized cost: 2017—$14,651,551; 2016—$14,188,050) $ 16,318,286 $ 15,245,861
Policy loans 516,064 507,975
Other long-term investments 55,532 53,852
Short-term investments 94,387 72,040
Total investments 16,984,269 15,879,728
Cash 97,652 76,163
Accrued investment income 228,347 223,148
Other receivables 380,028 384,454
Deferred acquisition costs 3,862,418 3,783,158
Goodwill 441,591 441,591
Other assets 515,012 520,313
Assets related to discontinued operations 68,623 127,532
Total assets 22,577,940 21,436,087
Liabilities:    
Future policy benefits 13,127,651 12,825,837
Unearned and advance premiums 69,106 64,017
Policy claims and other benefits payable 307,384 299,565
Other policyholders' funds 97,237 96,993
Total policy liabilities 13,601,378 13,286,412
Current and deferred income taxes payable 2,009,825 1,743,990
Other liabilities 436,105 413,760
Short-term debt 306,271 264,475
Long-term debt (estimated fair value: 2017—$1,250,875; 2016—$1,233,019) 1,131,796 1,133,165
Liabilities related to discontinued operations 39,149 27,424
Total liabilities 17,524,524 16,869,226
Commitments and Contingencies (Note 6)
Shareholders’ equity:    
Preferred stock, par value $1 per share—Authorized 5,000,000 shares; outstanding: -0- in 2017 and 2016 0 0
Common stock, par value $1 per share—Authorized 320,000,000 shares; outstanding: (2017—127,218,183 issued, less 10,959,454 held in treasury and 2016—127,218,183 issued, less 9,187,075 held in treasury) 127,218 127,218
Additional paid-in capital 500,123 490,421
Accumulated other comprehensive income 984,560 577,574
Retained earnings 4,112,757 3,890,798
Treasury stock, at cost (671,242) (519,150)
Total shareholders’ equity 5,053,416 4,566,861
Total liabilities and shareholders’ equity $ 22,577,940 $ 21,436,087