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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Investments:    
Fixed-maturity securities available-for-sale, at fair value (amortized cost: $1,983,956 in 2018 and $1,877,326 in 2017) $ 1,985,890 [1] $ 1,927,842 [2]
Fixed-maturity security held-to-maturity, at amortized cost (fair value: $838,637 in 2018 and $779,472 in 2017) 843,810 737,150
Equity securities available-for-sale, at fair value (amortized cost: $0 in 2018 and $31,331 in 2017)   41,107
Equity securities, at fair value (historical cost: $36,711 in 2018 and $0 in 2017) 39,842  
Trading securities, at fair value (amortized cost: $23,090 in 2018 and $6,172 in 2017) 23,079 6,228
Policy loans 30,954 32,816
Total investments 2,923,575 2,745,143
Cash and cash equivalents 159,280 279,962
Accrued investment income 16,808 16,665
Reinsurance recoverables 4,199,275 4,205,173
Deferred policy acquisition costs, net 2,053,445 1,951,892
Agent balances, due premiums and other receivables 291,329 229,522
Intangible assets, net (accumulated amortization: $80,335 in 2018 and $78,633 in 2017) 49,812 51,513
Income taxes 50,909 48,614
Other assets 363,201 359,347
Separate account assets 2,389,007 2,572,872
Total assets 12,496,641 12,460,703
Liabilities:    
Future policy benefits 6,057,112 5,954,524
Unearned premiums 452 486
Policy claims and other benefits payable 286,890 307,401
Other policyholders’ funds 386,571 377,998
Notes payable 373,474 373,288
Surplus note 843,073 736,381
Income taxes 182,140 177,468
Other liabilities 495,242 451,398
Payable under securities lending 82,096 89,786
Separate account liabilities 2,389,007 2,572,872
Commitments and contingent liabilities (see Commitments and Contingent Liabilities note)
Total liabilities 11,096,057 11,041,602
Stockholders’ equity:    
Common stock ($0.01 par value; authorized 500,000 in 2018 and 2017; issued and outstanding 43,168 shares in 2018 and 44,251 shares in 2017) 432 443
Retained earnings 1,409,104 1,375,090
Accumulated other comprehensive income (loss), net of income tax:    
Unrealized foreign currency translation gains (losses) (10,309) 3,995
Net unrealized investment gains (losses) on available-for-sale securities:    
Net unrealized investment gains not other-than-temporarily impaired 1,493 39,686
Net unrealized investment losses other-than-temporarily impaired (136) (113)
Total stockholders’ equity 1,400,584 1,419,101
Total liabilities and stockholders’ equity $ 12,496,641 $ 12,460,703
[1] Includes $0.2 million of other-than-temporary impairment ("OTTI") losses related to corporates and mortgage- and asset-backed securities recognized in accumulated other comprehensive income (loss).
[2] Includes $0.2 million of OTTI losses related to corporates and mortgage- and asset-backed securities recognized in accumulated other comprehensive income (loss).