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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Investments:    
Fixed-maturity securities available-for-sale, at fair value (amortized cost: $2,078,822 in 2018 and $1,877,326 in 2017) $ 2,069,635 [1] $ 1,927,842 [2]
Fixed-maturity security held-to-maturity, at amortized cost (fair value: $945,331 in 2018 and $779,472 in 2017) 970,390 737,150
Short-term investments available-for-sale, at fair value (amortized cost: $8,171 in 2018 and $0 in 2017) 8,171  
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 (cost: $34,997 in 2018 and $0 in 2017) 37,679  
Trading securities, at fair value (cost: $13,597 in 2018 and $6,172 in 2017) 13,610 6,228
Policy loans 31,501 32,816
Total investments 3,130,986 2,745,143
Cash and cash equivalents 262,138 279,962
Accrued investment income 17,057 16,665
Reinsurance recoverables 4,141,569 4,205,173
Deferred policy acquisition costs, net 2,133,920 1,951,892
Agent balances, due premiums and other receivables 265,258 229,522
Intangible assets, net 48,111 51,513
Deferred income taxes 59,336 48,614
Other assets 341,172 359,347
Separate account assets 2,195,501 2,572,872
Total assets 12,595,048 12,460,703
Liabilities:    
Future policy benefits 6,168,157 5,954,524
Unearned and advance premiums 15,587 15,423
Policy claims and other benefits payable 313,862 307,401
Other policyholders’ funds 370,644 363,061
Notes payable 373,661 373,288
Surplus note 969,685 736,381
Income tax payable 22,699 24,896
Deferred income taxes 164,405 152,572
Other liabilities 486,772 451,398
Payable under securities lending 52,562 89,786
Separate account liabilities 2,195,501 2,572,872
Commitments and contingent liabilities (see Commitments and Contingent Liabilities note)
Total liabilities 11,133,535 11,041,602
Stockholders’ equity:    
Common stock ($0.01 par value; authorized 500,000 in 2018 and 2017; issued and outstanding 42,694 shares in 2018 and 44,251 shares in 2017) 427 443
Retained earnings 1,489,520 1,375,090
Accumulated other comprehensive income (loss), net of income tax:    
Unrealized foreign currency translation gains (losses) (21,064) 3,995
Net unrealized investment gains (losses) on available-for-sale securities:    
Net unrealized investment gains not other-than-temporarily impaired (7,253) 39,686
Net unrealized investment losses other-than-temporarily impaired (117) (113)
Total stockholders’ equity 1,461,513 1,419,101
Total liabilities and stockholders’ equity $ 12,595,048 $ 12,460,703
[1] Includes $0.1 million of 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).