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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Investments:    
Fixed-maturity securities available-for-sale, at fair value (amortized cost: $3,263,811 in 2025 and $3,152,483 in 2024) $ 3,147,647 $ 2,946,126
Fixed-maturity security held-to-maturity, at amortized cost (fair value: $1,217,961 in 2025 and $1,227,428 in 2024) 1,241,540 1,303,880
Equity securities, at fair value (historical cost: $20,442 in 2025 and $22,935 in 2024) 26,186 27,144
Trading securities, at fair value (cost: $13,158 in 2025 and $3,562 in 2024) 12,803 3,011
Policy loans and other invested assets 54,099 50,881
Total investments 4,482,275 4,331,042
Cash and cash equivalents 644,855 687,821
Accrued investment income 28,949 28,100
Reinsurance recoverables 2,596,597 2,744,165
Deferred policy acquisition costs, net 3,863,442 3,680,430
Agent balances, due premiums and other receivables 301,114 282,607
Intangible asset 45,275 45,275
Income taxes 128,313 122,664
Operating lease right-of-use assets 42,986 47,023
Other assets 400,078 403,608
Separate account assets 2,313,874 2,209,287
Total assets 14,847,758 14,582,022
Liabilities:    
Future policy benefits 6,816,778 6,503,064
Unearned and advance premiums 16,225 15,606
Policy claims and other benefits payable 477,785 488,350
Other policyholders’ funds 368,232 402,323
Note payable 595,114 594,512
Surplus note 1,241,263 1,303,556
Income taxes 52,118 115,611
Operating lease liabilities 50,892 55,478
Other liabilities 515,052 549,160
Payable under securities lending 104,535 86,034
Separate account liabilities 2,313,874 2,209,287
Commitments and contingent liabilities (see Commitments and Contingent Liabilities note)
Total liabilities 12,551,868 12,322,981
Stockholders' equity:    
Common stock ($0.01 par value; authorized 500,000 shares in 2025 and 2024; issued and outstanding 32,076 shares in 2025 and 33,368 shares in 2024) 321 334
Retained earnings 2,319,750 2,231,483
Accumulated other comprehensive income (loss), net of income tax:    
Effect of change in discount rate assumptions on the liability for future policy benefits 89,692 224,833
Unrealized foreign currency translation gains (losses) (22,191) (34,767)
Net unrealized investment gains (losses) on available-for-sale securities (91,682) (162,842)
Total stockholders' equity 2,295,890 2,259,041
Total liabilities and stockholders' equity $ 14,847,758 $ 14,582,022