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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Fixed maturity securities:    
Available-for-sale at fair value (amortized cost of $19,757,321 and $19,559,432) $ 21,284,216 $ 22,291,614
Mortgage loans on real estate (net of allowances of $7,903 and $11,580) 2,377,246 2,300,587
Policy loans 1,245,252 1,278,175
Funds withheld at interest 5,777,395 5,594,182
Short-term investments 38,601 288,082
Other invested assets 1,035,809 1,159,543
Total investments 31,758,519 32,912,183
Cash and cash equivalents 973,619 1,259,892
Accrued investment income 233,153 201,344
Premiums receivable and other reinsurance balances 1,314,004 1,356,087
Reinsurance ceded receivables 585,555 620,901
Deferred policy acquisition costs 3,453,513 3,619,274
Other assets 472,258 390,757
Total assets 38,790,621 40,360,438
Liabilities and Stockholders’ Equity    
Future policy benefits 11,491,692 11,372,856
Interest-sensitive contract liabilities 12,991,981 13,353,502
Other policy claims and benefits 3,316,727 3,160,250
Other reinsurance balances 254,815 233,630
Deferred income taxes 1,839,909 2,120,501
Other liabilities 584,488 742,249
Short-term debt 120,000 0
Long-term debt 1,815,533 1,815,253
Collateral finance facility 487,556 652,010
Total liabilities 32,902,701 33,450,251
Commitments and contingent liabilities (See Note 8)      
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, 79,137,758 shares issued at June 30, 2013 and December 31, 2012 791 791
Additional paid-in-capital 1,772,811 1,755,421
Retained earnings 3,428,646 3,357,255
Treasury stock, at cost - 8,170,066 and 5,210,427 shares (496,462) (312,182)
Accumulated other comprehensive income 1,182,134 2,108,902
Total stockholders’ equity 5,887,920 6,910,187
Total liabilities and stockholders’ equity $ 38,790,621 $ 40,360,438