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Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
ASSETS    
Fixed maturities, available-for-sale, at fair value (amortized cost, 2016: $9,818,298; 2015: $2,433,626) $ 9,362,763 $ 2,524,272
Trading account assets, at fair value 149,871 5,653
Equity securities, available-for-sale, at fair value (cost, 2016: $365; 2015: $14) 18 17
Commercial mortgage and other loans 1,231,893 438,172
Policy loans 12,719 13,054
Short-term investments 947,150 158,227
Other long-term investments 551,931 182,157
Total investments 12,256,345 3,321,552
Cash and cash equivalents 1,848,039 536
Deferred policy acquisition costs 4,344,361 749,302
Accrued investment income 86,004 22,615
Reinsurance recoverables 588,608 3,088,328
Income taxes 1,978,607 0
Value of business acquired 30,287 33,640
Deferred sales inducements 978,823 452,752
Receivables from parent and affiliates 111,703 212,696
Other assets 169,649 123,158
Separate account assets 37,429,739 39,250,159
TOTAL ASSETS 59,822,165 47,254,738
LIABILITIES    
Future policy benefits 8,686,196 3,578,662
Policyholders’ account balances 4,736,889 2,416,125
Payables to parent and affiliates 91,432 25,677
Cash collateral for loaned securities 23,350 10,568
Income taxes 0 274,951
Long-term debt 971,899 0
Short-term debt 28,101 1,000
Reinsurance payable 275,822 250,277
Other liabilities 489,007 100,401
Separate account liabilities 37,429,739 39,250,159
Total Liabilities 52,732,435 45,907,820
Commitments and Contingent Liabilities
EQUITY    
Common stock, $100 par value; 25,000 shares authorized, issued and outstanding 2,500 2,500
Additional paid-in capital 8,095,436 901,422
Retained earnings/(accumulated deficit) (693,258) 396,830
Accumulated other comprehensive income (314,948) 46,166
Total Equity 7,089,730 1,346,918
TOTAL LIABILITIES AND EQUITY $ 59,822,165 $ 47,254,738