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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Fixed Maturity Securities [Abstract]    
Available-for-sale at fair value (amortized cost of $38,882,168 and $35,281,412) $ 39,992,346 $ 38,150,820
Equity Securities, FV-NI 82,197 100,152
Mortgage loans on real estate (net of allowances of $11,286 and $9,384) 4,966,298 4,400,533
Policy loans 1,344,980 1,357,624
Funds withheld at interest 5,761,471 6,083,388
Short-term investments 142,598 93,304
Other invested assets 1,915,297 1,505,332
Total investments 54,205,187 51,691,153
Cash and cash equivalents 1,889,733 1,303,524
Accrued investment income 427,893 392,721
Premiums receivable and other reinsurance balances 3,017,868 2,338,481
Reinsurance ceded receivables 757,572 782,027
Deferred policy acquisition costs 3,397,770 3,239,824
Other assets 839,222 767,088
Total assets 64,535,245 60,514,818
Liabilities and Stockholders’ Equity    
Future policy benefits 25,285,400 22,363,241
Interest-sensitive contract liabilities 18,004,526 16,227,642
Other policy claims and benefits 5,642,755 4,992,074
Other reinsurance balances 487,177 488,739
Deferred income taxes 1,798,800 2,198,309
Other liabilities 1,396,200 1,102,975
Long-term debt 2,787,873 2,788,365
Collateral finance and securitization notes 681,961 783,938
Total liabilities 56,084,692 50,945,283
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, 2018 and 2017) 791 791
Additional paid-in-capital 1,898,652 1,870,906
Retained earnings 7,284,949 6,736,265
Treasury stock, at cost - 16,323,390 and 14,685,663 shares (1,370,602) (1,102,058)
Accumulated other comprehensive income 636,763 2,063,631
Total stockholders’ equity 8,450,553 9,569,535
Total liabilities and stockholders’ equity $ 64,535,245 $ 60,514,818