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v3.19.3.a.u2

Fair Values of Financial Instruments (Carrying Amounts and Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands | Dec. 31, 2019 | Dec. 31, 2018
--- | --- | ---
Assets |  |
Available for sale securities, fair value | $ 51,580,490 | $ 45,923,727
Derivative instruments | 1,355,989 | 205,149
Other investments | 492,301 | 355,531
Coinsurance deposits | 5,115,013 | 4,954,068
Liabilities |  |
Policy benefit reserves | 61,893,945 | 57,606,009
Carrying Amount |  |
Assets |  |
Available for sale securities, fair value | 51,580,490 | 45,923,727
Mortgage loans on real estate | 3,448,793 | 2,943,091
Derivative instruments | 1,355,989 | 205,149
Other investments | 492,301 | 355,531
Cash and cash equivalents | 2,293,392 | 344,396
Coinsurance deposits | 5,115,013 | 4,954,068
Counterparty collateral | 0 | 33,101
Liabilities |  |
Policy benefit reserves | 61,540,992 | 57,249,510
Single premium immediate annuity (SPIA) benefit reserves | 255,698 | 270,406
Notes payable | 495,116 | 494,591
Subordinated debentures | 157,265 | 242,982
Amounts due under repurchase agreements | 0 | 109,298
Carrying Amount | Interest Rate Caps |  |
Assets |  |
Interest rate derivative assets | 6 | 597
Carrying Amount | Interest Rate Swap |  |
Assets |  |
Interest rate derivative assets | 0 | 354
Fair Value |  |
Assets |  |
Available for sale securities, fair value | 51,580,490 | 45,923,727
Mortgage loans on real estate | 3,536,446 | 2,920,612
Derivative instruments | 1,355,989 | 205,149
Other investments | 492,301 | 348,970
Cash and cash equivalents | 2,293,392 | 344,396
Coinsurance deposits | 4,635,926 | 4,553,790
Counterparty collateral | 0 | 33,101
Liabilities |  |
Policy benefit reserves | 51,800,247 | 49,180,143
Single premium immediate annuity (SPIA) benefit reserves | 263,773 | 279,077
Notes payable | 541,520 | 489,985
Subordinated debentures | 168,357 | 215,514
Amounts due under repurchase agreements | 0 | 109,298
Fair Value | Interest Rate Caps |  |
Assets |  |
Interest rate derivative assets | 6 | 597
Fair Value | Interest Rate Swap |  |
Assets |  |
Interest rate derivative assets | $ 0 | $ 354

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