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Schedule I - Summary of Investments Other Than investments in Related Parties Schedule I - Summary of Investments Other Than investments in Related Parties
12 Months Ended
Dec. 31, 2019
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Abstract]  
Schedule I - Summary of Investments Other Than investments in Related Parties
Type of Investment
 
Amortized Cost or Cost(1)
 
Fair
Value
 
Amount
Shown in the
Balance Sheet
Fixed maturities, available-for-sale:
 
 
 
 
 
 
Bonds:
 
 
 
 
 
 
U.S. Treasury securities and obligations of U.S. government authorities and agencies
 
$
6,667,347

 
$
7,119,824

 
$
7,119,824

Obligations of U.S. states and their political subdivisions
 
252,304

 
259,682

 
259,682

Foreign governments
 
203,386

 
222,884

 
222,884

Asset-backed securities
 
443,767

 
444,438

 
444,438

Residential mortgage-backed securities
 
73,814

 
77,761

 
77,761

Commercial mortgage-backed securities
 
557,584

 
578,289

 
578,289

Public utilities
 
527,829

 
563,139

 
563,139

All other corporate bonds
 
3,710,374

 
3,905,082

 
3,905,082

Redeemable preferred stock
 
29,341

 
31,266

 
31,266

Total fixed maturities, available-for-sale
 
$
12,465,746

 
$
13,202,365

 
$
13,202,365

Equity securities:
 
 
 
 
 
 
Common stocks:
 
 
 
 
 
 
Other common stocks
 
$
10,526

 
$
11,387

 
$
11,387

Mutual funds
 
49,699

 
52,256

 
52,256

Perpetual preferred stocks
 
3,422

 
3,860

 
3,860

Total equity securities, at fair value
 
$
63,647

 
$
67,503

 
$
67,503

Fixed maturities, trading
 
$
349,428

 
$
383,198

 
$
383,198

Commercial mortgage and other loans(2)
 
1,471,522

 
 
 
1,471,522

Policy loans
 
12,366

 
 
 
12,366

Short-term investments
 
335,358

 
 
 
335,358

Other invested assets
 
474,013

 
 
 
474,013

Total investments
 
$
15,172,080

 
 
 
$
15,946,325

 
(1)
For fixed maturities available-for-sale, original cost reduced by repayments and impairments and adjusted for amortization of premiums and accretion of discounts.
(2)
At carrying value, which is net of allowance for credit losses.