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Unaudited Interim Statements of Financial Position - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
ASSETS    
Fixed maturities, available-for-sale, at fair value (amortized cost: 2019 – $11,857,110; 2018 – $10,186,465) $ 12,338,984 $ 9,771,673
Fixed maturities, trading, at fair value (amortized cost: 2019 – $349,419; 2018 – $294,549) 372,075 289,752
Equity securities, at fair value (cost: 2019 – $43,408; 2018 – $18,765) 46,720 20,613
Commercial mortgage and other loans 1,316,611 1,353,478
Policy loans 12,239 12,805
Short-term investments 6,252 37,568
Other invested assets (includes $9,743 and $50,945 measured at fair value at June 30, 2019 and December 31, 2018, respectively) 373,782 348,541
Total investments 14,466,663 11,834,430
Cash and cash equivalents 3,998,400 4,503,534
Deferred policy acquisition costs 4,493,194 4,447,505
Accrued investment income 98,149 90,895
Reinsurance recoverables 646,139 572,102
Income taxes 1,054,353 964,521
Value of business acquired 31,539 33,222
Deferred sales inducements 863,990 889,598
Receivables from parent and affiliates 15,172 46,381
Other assets 102,493 85,310
Separate account assets 33,045,792 31,210,346
TOTAL ASSETS 58,815,884 54,677,844
LIABILITIES    
Future policy benefits 12,794,173 9,368,986
Policyholders’ account balances 5,732,732 5,353,596
Payables to parent and affiliates 194,344 30,846
Cash collateral for loaned securities 0 384
Short-term debt 0 140,569
Long-term debt 653,596 787,596
Reinsurance payables 251,804 232,937
Other liabilities 403,368 811,016
Separate account liabilities 33,045,792 31,210,346
Total liabilities 53,075,809 47,936,276
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 5,628,936 6,120,436
Retained earnings (126,160) 943,005
Accumulated other comprehensive income (loss) 234,799 (324,373)
Total equity 5,740,075 6,741,568
TOTAL LIABILITIES AND EQUITY $ 58,815,884 $ 54,677,844