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Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Fixed maturities, available-for-sale, at fair value (amortized cost, 2019: $12,465,746; 2018: $10,186,465) $ 13,202,365 $ 9,771,673
Fixed maturities, trading, at fair value (amortized cost, 2019: $349,428; 2018: $294,549) 383,198 289,752
Equity securities, at fair value (cost, 2019: $63,647; 2018: $18,765) 67,503 20,613
Commercial mortgage and other loans 1,471,522 1,353,478
Policy loans 12,366 12,805
Short-term investments 335,358 37,568
Other invested assets (includes $10,492 and $50,945 measured at fair value at December 31, 2019 and 2018, respectively) 474,013 348,541
Total investments 15,946,325 11,834,430
Cash and cash equivalents 2,795,163 4,503,534
Deferred policy acquisition costs 4,455,683 4,447,505
Accrued investment income 102,724 90,895
Reinsurance recoverables 621,510 572,102
Income taxes 1,202,714 964,521
Value of business acquired 30,025 33,222
Deferred sales inducements 812,724 889,598
Receivables from parent and affiliates 62,765 46,381
Other assets 139,933 85,310
Separate account assets 32,665,431 31,210,346
TOTAL ASSETS 58,834,997 54,677,844
LIABILITIES    
Future policy benefits 12,932,461 9,368,986
Policyholders’ account balances 6,180,359 5,353,596
Payables to parent and affiliates 185,156 30,846
Cash collateral for loaned securities 0 384
Short-term debt 242,094 140,569
Long-term debt 419,418 787,596
Reinsurance payables 235,318 232,937
Other liabilities 447,405 811,016
Separate account liabilities 32,665,431 31,210,346
Total liabilities 53,307,642 47,936,276
Commitments and Contingencies
EQUITY    
Common stock, $100 par value; 25,000 shares authorized, issued and outstanding 2,500 2,500
Additional paid-in capital 5,142,936 6,120,436
Retained earnings / (accumulated deficit) (46,693) 943,005
Accumulated other comprehensive income (loss) 428,612 (324,373)
Total equity 5,527,355 6,741,568
TOTAL LIABILITIES AND EQUITY $ 58,834,997 $ 54,677,844