XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Unaudited Interim Statements of Financial Position - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Fixed maturities, available-for-sale, at fair value (allowance for credit losses: 2021-$2,226; 2020-$686) (amortized cost: 2021-$10,191,008; 2020-$16,177,891) $ 10,577,150 $ 18,584,685
Fixed maturities, trading, at fair value (amortized cost: 2021-$338,930; 2020-$1,017,771) 341,924 1,114,142
Equity securities, at fair value (cost: 2021-$239,035; 2020-$279,096) 236,395 288,082
Commercial mortgage and other loans (net of $4,234 and $7,382 allowance for credit losses at September 30, 2021 and December 31, 2020, respectively) 2,044,843 1,765,770
Policy loans 11,871 11,806
Short-term investments 95,313 318,161
Other invested assets (includes $13,826 and $204,863 of assets measured at fair value at September 30, 2021 and December 31, 2020, respectively) 96,160 818,810
Total investments 13,403,656 22,901,456
Cash and cash equivalents 1,413,331 1,069,211
Deferred policy acquisition costs 1,000,868 4,237,780
Accrued investment income 74,015 121,604
Reinsurance recoverables 384,614 694,040
Income taxes 1,088,488 1,448,714
Value of business acquired 27,186 27,247
Deferred sales inducements 294,029 714,598
Receivables from parent and affiliates 54,706 87,620
Other assets 550,440 767,540
Separate account assets 31,916,178 32,205,296
TOTAL ASSETS 50,207,511 64,275,106
LIABILITIES    
Future policy benefits 4,650,800 18,560,891
Policyholders’ account balances 10,718,803 9,181,459
Payables to parent and affiliates 329,775 47,345
Short-term debt 0 119,671
Long-term debt 0 299,747
Reinsurance payables 31,437 178,860
Other liabilities 503,550 980,692
Separate account liabilities 31,916,178 32,205,296
Total liabilities 48,150,543 61,573,961
EQUITY    
Common stock, $100 par value; 25,000 shares authorized, issued and outstanding 2,500 2,500
Additional paid-in capital 590,601 4,382,936
Retained earnings / (accumulated deficit) 1,178,953 (3,217,350)
Accumulated other comprehensive income (loss) 284,914 1,533,059
Total equity 2,056,968 2,701,145
TOTAL LIABILITIES AND EQUITY $ 50,207,511 $ 64,275,106