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Unaudited Interim Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Fixed maturities, available for sale, at fair value (allowance for credit losses: 2022-$4,712; 2021-$4,149) (amortized cost: 2022–$19,108,100; 2021–$12,737,749) $ 16,321,510 $ 13,278,166
Fixed maturities, trading, at fair value (amortized cost: 2022–$2,472,717; 2021–$3,319,660) 1,740,394 3,302,392
Equity securities, at fair value (cost: 2022– $287,749; 2021–$106,174) 268,577 111,267
Policy loans 499,612 1,327,485
Short-term investments 471,820 182,437
Commercial mortgage and other loans (net of $16,132 and $5,951 allowance for credit losses at September 30, 2022 and December 31, 2021, respectively) 4,385,543 2,832,560
Other invested assets (includes $81,632 and $348,004 of assets measured at fair value at September 30, 2022 and December 31, 2021, respectively) 1,008,769 1,209,925
Total investments 24,696,225 22,244,232
Cash and cash equivalents 2,400,480 918,931
Deferred policy acquisition costs 6,524,761 6,830,972
Accrued investment income 191,602 160,027
Reinsurance recoverables 35,398,214 38,598,767
Receivables from parent and affiliates 207,961 278,131
Deferred sales inducements 283,104 374,649
Income tax assets 1,934,535 1,316,879
Other assets 1,095,617 1,140,948
Separate account assets 110,544,648 149,797,828
TOTAL ASSETS 183,277,147 221,661,364
LIABILITIES    
Future policy benefits 22,963,655 27,927,029
Policyholders’ account balances 40,678,440 35,361,795
Cash collateral for loaned securities 194,927 3,004
Long-term debt to affiliates 313,521 320,362
Payables to parent and affiliates 1,118,748 31,775
Other liabilities 3,310,087 2,264,477
Separate account liabilities 110,544,648 149,797,828
Total liabilities 179,124,026 215,706,270
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 6,034,840 6,042,491
Retained earnings / (accumulated deficit) (28,370) (437,332)
Accumulated other comprehensive income (loss) (1,855,849) 347,435
Total equity 4,153,121 5,955,094
TOTAL LIABILITIES AND EQUITY $ 183,277,147 $ 221,661,364