XML 133 R119.htm IDEA: XBRL DOCUMENT v3.25.0.1
Schedule II - Condensed Financial Information of Registrant (Balance Sheets (Parent Company)) (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Assets:      
Cash and cash equivalents $ 1,974,747 $ 1,363,195  
Fixed maturity securities available for sale at fair value (cost $251,938 and $190,708 at December 31, 2024 and 2023, respectively) 22,397,865 20,178,308  
Loans receivable (net of allowance for expected credit losses of $591 and $1,146 at December 31, 2024 and 2023, respectively) 405,453 201,271  
Current federal income taxes 39,382 1,318  
Deferred federal and foreign income taxes 220,217 309,623  
Property, furniture and equipment at cost, less accumulated depreciation 478,511 426,803  
Other assets 877,099 865,556  
Total assets 40,567,268 37,202,015  
Liabilities:      
Other liabilities 1,715,078 1,503,053  
Current federal income taxes 53,482 47,525  
Deferred federal income taxes 65,151 42,660  
Subordinated debentures 1,009,808 1,009,090  
Total liabilities 32,159,829 29,732,778  
Stockholders' equity:      
Preferred stock 0 0  
Common stock 158,705 158,705  
Additional paid-in capital 984,825 964,789  
Retained earnings (including accumulated undistributed net income of subsidiaries of $9,216,210 and $8,497,674 at December 31, 2024 and 2023, respectively) 12,265,070 11,040,908  
Accumulated other comprehensive loss (934,269) (925,838)  
Treasury stock, at cost (4,079,220) (3,783,133)  
Total common stockholders’ equity 8,395,111 7,455,431  
Total liabilities and equity 40,567,268 37,202,015  
Fixed maturity securities available for sale at cost 22,966,462 20,861,830  
Financing receivable, allowance for credit loss 1,114 3,004 $ 1,791
Parent Company      
Assets:      
Cash and cash equivalents 112,931 128,434  
Fixed maturity securities available for sale at fair value (cost $251,938 and $190,708 at December 31, 2024 and 2023, respectively) 251,800 189,189  
Loans receivable (net of allowance for expected credit losses of $591 and $1,146 at December 31, 2024 and 2023, respectively) 27,659 91,304  
Equity securities, at fair value (cost $3,430 at both December 31, 2024 and 2023) 3,430 3,430  
Investment in subsidiaries 10,770,734 9,887,117  
Current federal income taxes 36,417 0  
Deferred federal and foreign income taxes 228,329 278,946  
Property, furniture and equipment at cost, less accumulated depreciation 9,320 10,382  
Other assets 126,799 44,186  
Total assets 11,567,419 10,632,988  
Liabilities:      
Current federal income taxes 0 1,721  
Subordinated debentures 1,009,808 1,009,090  
Senior notes 1,821,774 1,821,671  
Total liabilities 3,172,308 3,177,557  
Stockholders' equity:      
Preferred stock 0 0  
Common stock 158,705 158,705  
Additional paid-in capital 984,825 964,789  
Retained earnings (including accumulated undistributed net income of subsidiaries of $9,216,210 and $8,497,674 at December 31, 2024 and 2023, respectively) 12,265,070 11,040,908  
Accumulated other comprehensive loss (934,269) (925,838)  
Treasury stock, at cost (4,079,220) (3,783,133)  
Total common stockholders’ equity 8,395,111 7,455,431  
Total liabilities and equity 11,567,419 10,632,988  
Fixed maturity securities available for sale at cost 251,938 190,708  
Financing receivable, allowance for credit loss 591 1,146  
Equity securities available for sale at cost 3,430 3,430  
Accumulated undistributed net income of subsidiaries 9,216,210 8,497,674  
Parent Company | Related Party      
Liabilities:      
Other liabilities 182,445 178,676  
Parent Company | Nonrelated Party      
Liabilities:      
Other liabilities $ 158,281 $ 166,399