XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Unaudited Interim Statements of Financial Position - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Fixed maturities, available-for-sale, at fair value (allowance for credit losses: 2021-$735; 2020-$686) (amortized cost: 2021-$11,178,085; 2020-$16,177,891) $ 11,525,964 $ 18,584,685
Fixed maturities, trading, at fair value (amortized cost: 2021-$4,002,146; 2020-$1,017,771) 3,546,185 1,114,142
Equity securities, at fair value (cost: 2021-$283,560; 2020-$279,096) 276,886 288,082
Commercial mortgage and other loans (net of $7,001 and $7,382 allowance for credit losses at March 31, 2021 and December 31, 2020, respectively) 1,794,798 1,765,770
Policy loans 11,659 11,806
Short-term investments 13,393 318,161
Other invested assets (includes $90,283 and $204,863 of assets measured at fair value at March 31, 2021 and December 31, 2020, respectively) 710,252 818,810
Total investments 17,879,137 22,901,456
Cash and cash equivalents 1,809,484 1,069,211
Deferred policy acquisition costs 4,161,890 4,237,780
Accrued investment income 99,519 121,604
Reinsurance recoverables 543,849 694,040
Income taxes 1,330,481 1,448,714
Value of business acquired 27,126 27,247
Deferred sales inducements 674,311 714,598
Receivables from parent and affiliates 88,712 87,620
Other assets 583,922 767,540
Separate account assets 32,146,468 32,205,296
TOTAL ASSETS 59,344,899 64,275,106
LIABILITIES    
Future policy benefits 11,712,823 18,560,891
Policyholders’ account balances 10,958,077 9,181,459
Payables to parent and affiliates 243,276 47,345
Short-term Debt 119,671 119,671
Long-term debt 299,747 299,747
Reinsurance payables 160,279 178,860
Other liabilities 718,495 980,692
Separate account liabilities 32,146,468 32,205,296
Total liabilities 56,358,836 61,573,961
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 4,382,936 4,382,936
Retained earnings / (accumulated deficit) (1,519,537) (3,217,350)
Accumulated other comprehensive income (loss) 120,164 1,533,059
Total equity 2,986,063 2,701,145
TOTAL LIABILITIES AND EQUITY $ 59,344,899 $ 64,275,106