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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Fixed maturity securities:    
Available for sale, at fair value (amortized cost: 2016 - $36,696,786; 2015 - $35,823,710) $ 38,410,000 $ 36,421,839
Held for investment, at amortized cost (fair value: 2016 - $67,672; 2015 - $65,377) 76,672 76,622
Equity securities, available for sale, at fair value (cost: 2016 - $7,517; 2015 - $7,515) 7,813 7,828
Mortgage loans on real estate 2,471,435 2,435,257
Derivative instruments 387,469 337,256
Other investments 290,556 291,530
Total investments 41,643,945 39,570,332
Cash and cash equivalents 707,177 397,749
Coinsurance deposits 3,586,871 3,187,470
Accrued investment income 393,333 362,104
Deferred policy acquisition costs 2,667,185 2,905,136
Deferred sales inducements 2,047,763 2,232,148
Deferred income taxes 101,098 232,683
Income taxes recoverable 9,026 29,599
Other assets 106,538 112,171
Total assets 51,262,936 49,029,392
Liabilities:    
Policy benefit reserves 47,456,425 45,495,431
Other policy funds and contract claims 314,068 324,850
Notes payable 393,482 393,227
Subordinated debentures 241,550 241,452
Other liabilities 623,095 629,897
Total liabilities 49,028,620 47,084,857
Stockholders' equity:    
Preferred stock, par value $1 per share, 2,000,000 shares authorized, 2016 and 2015 - no shares issued and outstanding 0 0
Common stock, par value $1 per share, 200,000,000 shares authorized; issued and outstanding: 2016 - 82,155,327 shares (excluding 3,198,805 treasury shares); 2015 - 81,354,079 shares (excluding 3,448,750 treasury shares) 82,155 81,354
Additional paid-in capital 635,732 630,367
Accumulated other comprehensive income 530,119 201,663
Retained earnings 986,310 1,031,151
Total stockholders' equity 2,234,316 1,944,535
Total liabilities and stockholders' equity $ 51,262,936 $ 49,029,392