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Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Fixed maturities, available-for-sale, at fair value (amortized cost, 2017: $10,145,266; 2016: $9,818,298) $ 10,110,786 $ 9,362,763
Trading account assets, at fair value 181,717 149,871
Equity securities, available-for-sale, at fair value (cost, 2017: $14; 2016: $365) 18 18
Commercial Mortgage and other loans 1,387,012 1,231,893
Policy loans 12,558 12,719
Short-term investments 711,071 947,150
Other long-term investments 335,811 551,931
Total investments 12,738,973 12,256,345
Cash and cash equivalents 1,639,939 1,848,039
Deferred policy acquisition costs 4,596,565 4,344,361
Accrued investment income 88,331 86,004
Reinsurance recoverables 563,428 588,608
Income taxes 1,116,735 1,978,607
Value of business acquired 35,109 30,287
Deferred sales inducements 1,020,786 978,823
Receivables from parent and affiliates 49,351 111,703
Other assets 121,086 169,649
Separate account assets 37,990,547 37,429,739
TOTAL ASSETS 59,960,850 59,822,165
LIABILITIES    
Future policy benefits 9,132,569 8,686,196
Policyholders’ account balances 4,846,152 4,736,889
Payables to parent and affiliates 36,026 91,432
Cash collateral for loaned securities 17,383 23,350
Long-term debt 928,165 971,899
Short-term debt 43,734 28,101
Reinsurance payables 262,588 275,822
Other liabilities 422,636 489,007
Separate account liabilities 37,990,547 37,429,739
Total liabilities 53,679,800 52,732,435
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 7,145,436 8,095,436
Retained earnings/(accumulated deficit) (776,762) (693,258)
Accumulated other comprehensive income (loss) (90,124) (314,948)
Total equity 6,281,050 7,089,730
TOTAL LIABILITIES AND EQUITY $ 59,960,850 $ 59,822,165