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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
ASSETS    
Fixed maturities, available-for-sale, at estimated fair value (amortized cost $7,716,912 and $8,161,592, respectively) $ 7,404,274 $ 8,414,961
Fixed maturities, trading, at estimated fair value 197,651 97,819
Fixed maturities, at estimated fair value using fair value option 10,028 12,095
Common stocks, at estimated fair value 6,988 8,152
Commercial mortgage loans 853,073 1,043,187
Policy loans 176,782 178,437
Short-term investments 269,016 190,376
Other invested assets 2,976 21,183
Total Investments 8,920,788 9,966,210
Cash and cash equivalents 6,177 78,801
Accrued investment income 92,713 96,354
Reinsurance recoverables 6,659,910 6,501,700
Valuation of business acquired 154,270 135,031
Deposit receivable 1,029,679 1,111,571
Other assets 758,752 714,007
Current income tax 28,938 197
Separate account assets 1,266,912 1,460,380
Total Assets 18,918,139 20,064,251
LIABILITIES    
Future policy benefits and other policyholder liabilities 5,460,113 5,510,050
Policyholders' account balances 10,157,907 10,676,911
Accrued expenses and other liabilities 85,287 94,543
Modified coinsurance payable 1,029,679 1,111,571
Other long-term debt - affiliate 736,500 695,000
Deferred tax liability, net 31,600 24,585
Separate account liabilities 1,266,912 1,460,380
Total Liabilities 18,767,998 19,573,040
COMMITMENTS AND CONTINGENCIES (NOTE 12)
SHAREHOLDER'S EQUITY    
Common stock, $100 par value, 30,000 shares authorized, 25,000 shares issued and outstanding 2,500 2,500
Additional paid-in capital 593,558 593,558
Accumulated other comprehensive income (loss) (195,958) 72,816
Retained earnings (deficit) (249,959) (177,663)
Total Shareholder's Equity 150,141 491,211
Total Liabilities and Shareholder's Equity $ 18,918,139 $ 20,064,251