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Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Investments    
Fixed income securities, at fair value (amortized cost $4,550,008 and $4,534,157) $ 4,917,725 $ 4,872,174
Mortgage loans 629,142 614,380
Equity securities, at fair value (cost $152,163 and $208,635) 194,533 [1] 218,078
Limited partnership interests 363,237 330,303
Short-term, at fair value (amortized cost $88,799 and $92,699) 88,786 92,698
Policy loans 39,589 40,289
Other 3,106 2,580
Total investments 6,236,118 6,170,502
Cash 4,863 15,755
Deferred policy acquisition costs 146,333 137,358
Reinsurance recoverable 243,644 248,073
Accrued investment income 52,577 52,278
Reinsurance receivable from parent   2,014
Current income taxes receivable   4,787
Other assets 196,121 133,007
Separate Accounts 293,836 290,798
Total assets 7,173,492 7,054,572
Liabilities    
Contractholder funds 2,874,884 3,018,733
Reserve for life-contingent contract benefits 2,348,966 2,140,888
Current income taxes payable 1,050  
Deferred income taxes [2] 153,726 247,652
Other liabilities and accrued expenses 92,684 88,335
Payable to affiliates, net 4,944 5,280
Reinsurance payable to parent 134  
Separate Accounts 293,836 290,798
Total liabilities 5,770,224 5,791,686
Commitments and Contingent Liabilities (Note 11)
Shareholder's Equity    
Common stock, $25 par value, 100 thousand shares authorized, issued and outstanding 2,500 2,500
Additional capital paid-in 140,529 140,529
Retained income 1,117,020 938,217
Unrealized net capital gains and losses:    
Unrealized net capital gains and losses on fixed income securities with OTTI 256 2,955
Other unrealized net capital gains and losses 323,694 222,854
Unrealized adjustment to DAC, DSI and insurance reserves (182,805) (43,467)
Total unrealized net capital gains and losses 141,145 182,342
Unrealized foreign currency translation adjustments 2,074 (702)
Total accumulated other comprehensive income 143,219 181,640
Total shareholder's equity 1,403,268 1,262,886
Total liabilities and shareholder's equity $ 7,173,492 $ 7,054,572
[1] Beginning January 1, 2018, due to the adoption of the new accounting standard for the recognition and measurement of financial assets and liabilities, equity securities will be measured at fair value with changes in fair value recognized in net income. The existing unrealized net capital gains and losses, after-tax, will be reclassified to retained income through a cumulative effect adjustment. See Note 2 for additional details on the new accounting standard.
[2] Changes in deferred tax assets and liabilities primarily relate to the Tax Legislation.