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Unaudited Interim Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Fixed maturities, available for sale, at fair value (allowance for credit losses: 2021-$558; 2020-$2,339) (amortized cost: 2021–$6,691,704; 2020–$6,157,371) $ 7,339,233 $ 7,012,631
Fixed maturities, trading, at fair value (amortized cost: 2021–$74,783; 2020–$73,413) 81,361 82,482
Equity securities, at fair value (cost: 2021– $46,001; 2020–$105,508) 48,931 108,457
Policy loans 1,325,519 1,323,681
Short-term investments 0 49,997
Commercial mortgage and other loans (net of $3,404 and $4,552 allowance for credit losses at June 30, 2021 and December 31, 2020, respectively) 1,288,940 1,288,846
Other invested assets (includes $181,424 and $94,939 of assets measured at fair value at June 30, 2021 and December 31, 2020, respectively) 620,592 520,955
Total investments 10,704,576 10,387,049
Cash and cash equivalents 238,213 426,979
Deferred policy acquisition costs 2,790,412 2,433,936
Accrued investment income 97,327 93,613
Reinsurance recoverables 42,955,806 48,367,096
Receivables from parent and affiliates 280,424 266,473
Income taxes receivable 274,410 175,024
Other assets 402,500 417,508
Separate account assets 150,164,599 145,740,422
TOTAL ASSETS 207,908,267 208,308,100
LIABILITIES    
Future policy benefits 27,399,889 32,889,181
Policyholders’ account balances 24,326,011 23,857,574
Cash collateral for loaned securities 2,725 2,725
Payables to parent and affiliates 175,902 75,990
Other liabilities 1,760,014 1,694,492
Separate account liabilities 150,164,599 145,740,422
Total liabilities 203,829,140 204,260,384
COMMITMENTS AND CONTINGENT LIABILITIES
EQUITY    
Common stock ($10 par value; 1,000,000 shares authorized; 250,000 shares issued and outstanding) 2,500 2,500
Additional paid-in capital 1,798,499 1,726,690
Retained earnings 1,842,681 1,772,398
Accumulated other comprehensive income (loss) 435,447 546,128
Total equity 4,079,127 4,047,716
TOTAL LIABILITIES AND EQUITY $ 207,908,267 $ 208,308,100