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Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
ASSETS    
Fixed maturities, available-for-sale, at fair value (amortized cost, 2018: $10,186,465; 2017: $10,145,266) $ 9,771,673 $ 10,110,786
Fixed maturities, trading, at fair value (amortized cost, 2018: $294,549; 2017: $161,393) 289,752 166,360
Equity securities, at fair value (cost, 2018: $18,765; 2017: $11,614) 20,613 15,375
Commercial mortgage and other loans 1,353,478 1,387,012
Policy loans 12,805 12,558
Short-term investments 37,568 711,071
Other invested assets (includes $44,316 and $151,481 measured at fair value at December 31, 2018 and December 31, 2017, respectively) 348,541 335,811
Total investments 11,834,430 12,738,973
Cash and cash equivalents 4,503,534 1,639,939
Deferred policy acquisition costs 4,447,505 4,596,565
Accrued investment income 90,895 88,331
Reinsurance recoverables 572,102 563,428
Income taxes 964,521 1,116,735
Value of business acquired 33,222 35,109
Deferred sales inducements 889,598 1,020,786
Receivables from parent and affiliates 46,381 49,351
Other assets 85,310 121,086
Separate account assets 31,210,346 37,990,547
TOTAL ASSETS 54,677,844 59,960,850
LIABILITIES    
Future policy benefits 9,368,986 9,132,569
Policyholders’ account balances 5,353,596 4,846,152
Payables to parent and affiliates 30,846 36,026
Cash collateral for loaned securities 384 17,383
Short-term debt 140,569 43,734
Long-term debt 787,596 928,165
Reinsurance payables 232,937 262,588
Other liabilities 811,016 422,636
Separate account liabilities 31,210,346 37,990,547
Total liabilities 47,936,276 53,679,800
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 6,120,436 7,145,436
Retained earnings/(accumulated deficit) 943,005 (776,762)
Accumulated other comprehensive income (loss) (324,373) (90,124)
Total equity 6,741,568 6,281,050
TOTAL LIABILITIES AND EQUITY $ 54,677,844 $ 59,960,850