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Unaudited Interim Statements of Financial Position - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
ASSETS    
Fixed maturities, available-for-sale, at fair value (amortized cost: 2019 – $12,076,220; 2018 – $10,186,465) $ 13,172,795 $ 9,771,673
Fixed maturities, trading, at fair value (amortized cost: 2019 – $349,424; 2018 – $294,549) 392,749 289,752
Equity securities, at fair value (cost: 2019 – $68,391; 2018 – $18,765) 71,983 20,613
Commercial mortgage and other loans 1,335,206 1,353,478
Policy loans 12,352 12,805
Short-term investments 618,443 37,568
Other invested assets (includes $10,412 and $50,945 measured at fair value at September 30, 2019 and December 31, 2018, respectively) 427,504 348,541
Total investments 16,031,032 11,834,430
Cash and cash equivalents 5,923,320 4,503,534
Deferred policy acquisition costs 4,459,791 4,447,505
Accrued investment income 98,662 90,895
Reinsurance recoverables 710,596 572,102
Income taxes 1,377,002 964,521
Value of business acquired 30,647 33,222
Deferred sales inducements 836,342 889,598
Receivables from parent and affiliates 15,101 46,381
Other assets 88,211 85,310
Separate account assets 32,057,438 31,210,346
TOTAL ASSETS 61,628,142 54,677,844
LIABILITIES    
Future policy benefits 16,193,345 9,368,986
Policyholders’ account balances 6,031,569 5,353,596
Payables to parent and affiliates 54,152 30,846
Cash collateral for loaned securities 0 384
Short-term debt 0 140,569
Long-term debt 653,596 787,596
Reinsurance payables 227,948 232,937
Other liabilities 645,867 811,016
Separate account liabilities 32,057,438 31,210,346
Total liabilities 55,863,915 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 5,383,936 6,120,436
Retained earnings (353,672) 943,005
Accumulated other comprehensive income (loss) 731,463 (324,373)
Total equity 5,764,227 6,741,568
TOTAL LIABILITIES AND EQUITY $ 61,628,142 $ 54,677,844