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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Fixed maturity securities:    
Available for sale, at fair value (amortized cost: 2016 - $39,953,955; 2015 - $35,823,710) $ 41,060,494 $ 36,421,839
Held for investment, at amortized cost (fair value: 2016 - $68,766; 2015 - $65,377) 76,825 76,622
Mortgage loans on real estate 2,480,956 2,435,257
Derivative instruments 830,519 337,256
Other investments 308,774 299,358
Total investments 44,757,568 39,570,332
Cash and cash equivalents 791,266 397,749
Coinsurance deposits 4,639,492 3,187,470
Accrued investment income 397,773 362,104
Deferred policy acquisition costs 2,905,377 2,905,136
Deferred sales inducements 2,208,218 2,232,148
Deferred income taxes 168,578 232,683
Income taxes recoverable 11,474 29,599
Other assets 173,726 112,171
Total assets 56,053,472 49,029,392
Liabilities:    
Policy benefit reserves 51,637,026 45,495,431
Other policy funds and contract claims 298,347 324,850
Notes and loan payable 493,755 393,227
Subordinated debentures 241,853 241,452
Other liabilities 1,090,896 629,897
Total liabilities 53,761,877 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 - 88,001,130 shares (excluding 2,887,082 treasury shares); 2015 - 81,354,079 shares (excluding 3,448,750 treasury shares) 88,001 81,354
Additional paid-in capital 770,344 630,367
Accumulated other comprehensive income 339,966 201,663
Retained earnings 1,093,284 1,031,151
Total stockholders' equity 2,291,595 1,944,535
Total liabilities and stockholders' equity $ 56,053,472 $ 49,029,392