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Unaudited Interim Statements of Financial Position - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Statement of Financial Position [Abstract]    
Short-term Debt $ 234,178 $ 242,094
ASSETS    
Fixed maturities, available-for-sale, at fair value (amortized cost, 2020: $13,264,558; 2019: $12,465,746; 2020-net of $186 allowance for credit losses) 15,212,476 13,202,365
Fixed maturities, trading, at fair value (amortized cost, 2020: $347,115; 2019: $349,428) 432,020 383,198
Equity securities, at fair value (cost, 2020: $74,271; 2019: $63,647) 76,534 67,503
Commercial mortgage and other loans (net of $6,282 and $2,663 allowance for credit losses) 1,502,846 [1] 1,471,522
Policy loans 12,251 12,366
Short-term investments 2,020,754 335,358
Other invested assets (includes $28,761 and $10,492 of assets measured at fair value at March 31, 2020 and December 31, 2019, respectively) 505,569 474,013
Total investments 19,762,450 15,946,325
Cash and cash equivalents 13,945,360 2,795,163
Deferred policy acquisition costs 4,095,019 [1] 4,455,683
Accrued investment income 107,400 102,724
Reinsurance recoverables 944,229 621,510
Income taxes 1,172,020 [1] 1,202,714
Value of business acquired 28,282 30,025
Deferred sales inducements 699,396 812,724
Receivables from parent and affiliates 63,581 62,765
Other assets 213,171 139,933
Separate account assets 26,580,684 32,665,431
TOTAL ASSETS 67,611,592 58,834,997
LIABILITIES    
Future policy benefits 26,612,760 12,932,461
Policyholders’ account balances 6,596,004 6,180,359
Payables to parent and affiliates 493,084 185,156
Long-term debt 419,418 419,418
Reinsurance payables 285,038 235,318
Other liabilities 881,363 [1] 447,405
Separate account liabilities 26,580,684 32,665,431
Total liabilities 62,102,529 53,307,642
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 4,935,936 5,142,936
Retained earnings / (accumulated deficit) (868,873) (46,693)
Accumulated other comprehensive income (loss) 1,439,500 428,612
Total equity 5,509,063 5,527,355
TOTAL LIABILITIES AND EQUITY $ 67,611,592 $ 58,834,997
[1] March 31, 2020 amounts include the impacts of the January 1, 2020 adoption of ASU 2016-13. See Note 2 for details.