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Unaudited Interim Statements of Financial Position - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Fixed maturities, available-for-sale, at fair value (amortized cost, 2020: $14,916,971; 2019: $12,465,746; 2020-net of $568 allowance for credit losses) $ 17,398,916 $ 13,202,365
Fixed maturities, trading, at fair value (amortized cost, 2020: $734,289; 2019: $349,428) 830,894 383,198
Equity securities, at fair value (cost, 2020: $53,892; 2019: $63,647) 59,855 67,503
Commercial mortgage and other loans (net of $7,633 and $2,663 allowance for credit losses at September 30, 2020 and December 31, 2019, respectively) 1,677,951 [1] 1,471,522
Policy loans 11,916 12,366
Short-term investments 1,815,485 335,358
Other invested assets (includes $15,247 and $10,492 of assets measured at fair value at September 30, 2020 and December 31, 2019, respectively) 600,610 474,013
Total investments 22,395,627 15,946,325
Cash and cash equivalents 5,501,936 2,795,163
Deferred policy acquisition costs 4,106,676 [1] 4,455,683
Accrued investment income 117,166 102,724
Reinsurance recoverables 790,715 621,510
Income taxes 1,512,403 [1] 1,202,714
Value of business acquired 26,818 30,025
Deferred sales inducements 700,553 812,724
Receivables from parent and affiliates 87,769 62,765
Other assets 428,808 139,933
Separate account assets 30,093,780 32,665,431
TOTAL ASSETS 65,762,251 58,834,997
LIABILITIES    
Future policy benefits 22,616,570 12,932,461
Policyholders’ account balances 7,708,608 6,180,359
Payables to parent and affiliates 384,715 185,156
Short-term Debt 373,086 242,094
Long-term debt 299,747 419,418
Reinsurance payables 188,463 235,318
Other liabilities 669,814 [1] 447,405
Separate account liabilities 30,093,780 32,665,431
Total liabilities 62,334,783 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 4,570,936 5,142,936
Retained earnings / (accumulated deficit) (2,807,247) (46,693)
Accumulated other comprehensive income (loss) 1,661,279 428,612
Total equity 3,427,468 5,527,355
TOTAL LIABILITIES AND EQUITY $ 65,762,251 $ 58,834,997
[1] September 30, 2020 amounts include the impacts of the January 1, 2020 adoption of ASU 2016-13. See Note 2 for details.