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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Fixed Maturity Securities [Abstract]    
Available-for-sale at fair value (amortized cost of $20,270,734 and $19,559,432) $ 21,474,136 $ 22,291,614
Mortgage loans on real estate (net of allowances of $10,106 and $11,580) 2,486,680 2,300,587
Policy loans 1,244,469 1,278,175
Funds withheld at interest 5,771,467 5,594,182
Short-term investments 139,395 288,082
Other invested assets 1,324,960 1,159,543
Total investments 32,441,107 32,912,183
Cash and cash equivalents 923,647 1,259,892
Accrued investment income 267,908 201,344
Premiums receivable and other reinsurance balances 1,439,528 1,356,087
Reinsurance ceded receivables 594,515 620,901
Deferred policy acquisition costs 3,517,796 3,619,274
Other assets 489,972 390,757
Total assets 39,674,473 40,360,438
Liabilities and Stockholders’ Equity    
Future policy benefits 11,866,776 11,372,856
Interest-sensitive contract liabilities 12,947,557 13,353,502
Other policy claims and benefits 3,571,761 3,160,250
Other reinsurance balances 275,138 233,630
Deferred income taxes 1,837,577 2,120,501
Other liabilities 541,035 742,249
Long-term debt 2,214,350 1,815,253
Collateral finance facility 484,752 652,010
Total liabilities 33,738,946 33,450,251
Commitments and contingent liabilities (See Note 12)      
Stockholders Equity:    
Preferred stock (par value $.01 per share; 10,000,000 shares authorized; no shares issued or outstanding) 0 0
Common stock (par value $.01 per share; 140,000,000 shares authorized; shares issued: 79,137,758 at December 31, 2013 and 2012) 791 791
Additional paid-in-capital 1,777,906 1,755,421
Retained earnings 3,659,938 3,357,255
Treasury stock, at cost - 8,369,540 and 5,210,427 shares (508,715) (312,182)
Accumulated other comprehensive income 1,005,607 2,108,902
Total stockholders’ equity 5,935,527 6,910,187
Total liabilities and stockholders’ equity $ 39,674,473 $ 40,360,438