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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Fixed maturity securities:    
Available for sale, at fair value (amortized cost: 2018 - $46,131,190; 2017 - $43,116,759) $ 45,923,727 $ 45,372,989
Held for investment, at amortized cost (fair value: 2017 - $76,460) 0 77,041
Mortgage loans on real estate 2,943,091 2,665,531
Derivative instruments 205,149 1,568,380
Other investments 355,531 616,764
Total investments 49,427,498 50,300,705
Cash and cash equivalents 344,396 1,434,045
Coinsurance deposits 4,954,068 4,858,289
Accrued investment income 468,729 429,008
Deferred policy acquisition costs 3,535,838 2,714,523
Deferred sales inducements 2,516,721 2,001,892
Deferred income taxes 291,169 38,147
Income taxes recoverable 26,537 0
Other assets 60,608 254,127
Total assets 61,625,564 62,030,736
Liabilities:    
Policy benefit reserves 57,606,009 56,142,673
Other policy funds and contract claims 270,858 282,884
Notes and loan payable 494,591 494,093
Subordinated debentures 242,982 242,565
Amounts due under repurchase agreements 109,298 0
Income taxes payable 0 34,285
Other liabilities 502,725 1,984,079
Total liabilities 59,226,463 59,180,579
Stockholders' equity:    
Preferred stock, par value $1 per share, 2,000,000 shares authorized, 2018 and 2017 - no shares issued and outstanding 0 0
Common stock, par value $1 per share, 200,000,000 shares authorized; issued and outstanding: 2018 - 90,369,229 shares (excluding 1,535,960 treasury shares); 2017 - 89,331,087 shares (excluding 2,064,727 treasury shares) 90,369 89,331
Additional paid-in capital 811,186 791,446
Accumulated other comprehensive income (loss) (52,432) 724,599
Retained earnings 1,549,978 1,244,781
Total stockholders' equity 2,399,101 2,850,157
Total liabilities and stockholders' equity $ 61,625,564 $ 62,030,736