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Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Fixed maturities, available-for-sale, at fair value (allowance for credit losses: 2021-$1,086; 2020-$686) (amortized cost: 2021-$8,556,236; 2020-$16,177,891) $ 8,770,966 $ 18,584,685
Fixed maturities, trading, at fair value (amortized cost: 2021-$27,641; 2020-$1,017,771) 27,237 1,114,142
Equity securities, at fair value (cost: 2021-$323,289; 2020-$279,096) 321,881 288,082
Commercial mortgage and other loans (net of $4,657 and $7,382 allowance for credit losses at December 31, 2021 and 2020, respectively) 1,503,602 1,765,770
Policy loans 11,554 11,806
Short-term investments 875,426 318,161
Other invested assets (includes $13,077 and $204,863 of assets measured at fair value at December 31, 2021 and 2020, respectively) 94,079 818,810
Total investments 11,604,745 22,901,456
Cash and cash equivalents 2,015,885 1,069,211
Deferred policy acquisition costs 567,191 4,237,780
Accrued investment income 61,117 121,604
Reinsurance recoverables 8,108,267 694,040
Income taxes 908,694 1,448,714
Value of business acquired 27,568 27,247
Deferred sales inducements 295,097 714,598
Receivables from parent and affiliates 5,240 87,620
Other assets 2,717,405 767,540
Separate account assets 32,266,921 32,205,296
TOTAL ASSETS 58,578,130 64,275,106
LIABILITIES    
Total future policy benefits 4,505,007 18,560,891
Policyholders’ account balances 11,749,651 9,181,459
Payables to parent and affiliates 249,949 47,345
Short-term debt 0 119,671
Long-term debt 0 299,747
Reinsurance payables 7,182,652 178,860
Other Liabilities 942,223 980,692
Separate account liabilities 32,266,921 32,205,296
Total liabilities 56,896,403 61,573,961
Commitments and Contingencies
EQUITY    
Common stock, $100 par value; 25,000 shares authorized, issued and outstanding 2,500 2,500
Additional paid-in capital 592,208 4,382,936
Retained earnings / (accumulated deficit) 917,263 (3,217,350)
Accumulated other comprehensive income (loss) 169,756 1,533,059
Total equity 1,681,727 2,701,145
TOTAL LIABILITIES AND EQUITY $ 58,578,130 $ 64,275,106