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Unaudited Interim Statements of Financial Position - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Fixed maturities, available-for-sale, at fair value (allowance for credit losses: 2022-$1,438; 2021-$1,086) (amortized cost: 2022-$8,888,296; 2021-$8,556,236) $ 8,522,040 $ 8,770,966
Fixed maturities, trading, at fair value (amortized cost: 2022-$27,486; 2021-$27,641) 26,302 27,237
Equity securities, at fair value (cost: 2022-$225,363; 2021-$323,289) 201,231 321,881
Commercial mortgage and other loans (net of $4,072 and $4,657 allowance for credit losses at March 31, 2022 and December 31, 2021, respectively) 1,476,226 1,503,602
Policy loans 11,352 11,554
Short-term investments 173,621 875,426
Other invested assets (includes $380,095 and $13,077 of assets measured at fair value at March 31, 2022 and December 31, 2021, respectively) 464,773 94,079
Total investments 10,875,545 11,604,745
Cash and cash equivalents 1,577,811 2,015,885
Deferred policy acquisition costs 469,381 567,191
Accrued investment income 60,283 61,117
Reinsurance recoverables 8,128,490 8,108,267
Income taxes 884,177 908,694
Value of business acquired 24,957 27,568
Deferred sales inducements 244,181 295,097
Receivables from parent and affiliates 25,948 5,240
Other assets 2,677,924 2,717,405
Separate account assets 29,426,455 32,266,921
TOTAL ASSETS 54,395,152 58,578,130
LIABILITIES    
Future policy benefits 3,844,329 4,505,007
Policyholders’ account balances 11,663,141 11,749,651
Payables to parent and affiliates 19,665 249,949
Cash collateral for loaned securities 205,301 0
Reinsurance payables 6,999,679 7,182,652
Other liabilities 947,539 942,223
Separate account liabilities 29,426,455 32,266,921
Total liabilities 53,106,109 56,896,403
EQUITY    
Common stock, $100 par value; 25,000 shares authorized, issued and outstanding 2,500 2,500
Additional paid-in capital 286,436 592,208
Retained earnings 1,273,189 917,263
Accumulated other comprehensive income (loss) (273,082) 169,756
Total equity 1,289,043 1,681,727
TOTAL LIABILITIES AND EQUITY $ 54,395,152 $ 58,578,130