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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Investments:    
Fixed maturities—available for sale, at fair value (amortized cost: 2023—$18,526,703; 2022—$18,301,692, allowance for credit losses: 2023— $32,767; 2022— $0) $ 17,206,885 $ 16,503,365
Policy loans 622,736 614,866
Other long-term investments (includes: 2023—$789,197; 2022—$768,689 under the fair value option) 1,022,611 976,016
Short-term investments 74,377 114,121
Total investments 18,926,609 18,208,368
Cash 172,108 92,559
Accrued investment income 279,445 259,581
Other receivables 594,421 589,079
Deferred acquisition costs 5,654,438 5,535,697
Goodwill 481,791 481,791
Other assets 751,311 760,066
Total assets 26,860,123 25,927,141
Liabilities:    
Future policy benefits 18,896,574 18,040,042
Unearned and advance premium 271,517 253,140
Policy claims and other benefits payable 489,296 507,219
Other policyholders' funds 142,686 123,236
Total policy liabilities 19,800,073 18,923,637
Current and deferred income taxes 427,608 434,649
Short-term debt 514,247 449,103
Long-term debt (estimated fair value: 2023—$1,484,172; 2022—$1,440,277) 1,628,354 1,627,952
Other liabilities 643,550 542,223
Total liabilities 23,013,832 21,977,564
Commitments and Contingencies (Note 5)
Shareholders' equity:    
Preferred stock, par value $1 per share—5,000,000 shares authorized; outstanding: 0 in 2023 and 2022 0 0
Common stock, par value $1 per share—320,000,000 shares authorized; outstanding: (2023—105,218,183 issued; 2022—105,218,183 issued) 105,218 105,218
Additional paid-in-capital 528,639 529,661
Accumulated other comprehensive income (loss) (2,961,093) (2,790,313)
Retained earnings 7,092,544 6,894,535
Treasury stock, at cost: (2023—9,489,745 shares; 2022—8,478,288 shares) (919,017) (789,524)
Total shareholders' equity 3,846,291 3,949,577
Total liabilities and shareholders' equity $ 26,860,123 $ 25,927,141