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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Investments:    
Fixed maturity securities, available for sale, at fair value (amortized cost: 2019 - $48,238,946; 2018 - $46,131,190) $ 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
Total investments 56,877,573 49,427,498
Cash and cash equivalents 2,293,392 344,396
Coinsurance deposits 5,115,013 4,954,068
Accrued investment income 472,826 468,729
Deferred policy acquisition costs 2,923,454 3,535,838
Deferred sales inducements 1,966,723 2,516,721
Deferred income taxes 0 291,169
Income taxes recoverable 0 26,537
Other assets 47,571 60,608
Total assets 69,696,552 61,625,564
Liabilities:    
Policy benefit reserves 61,893,945 57,606,009
Other policy funds and contract claims 256,105 270,858
Notes payable 495,116 494,591
Subordinated debentures 157,265 242,982
Amounts due under repurchase agreements 0 109,298
Deferred income taxes 177,897 0
Income taxes payable 429 0
Other liabilities 2,145,676 502,725
Total liabilities 65,126,433 59,226,463
Stockholders' equity:    
Preferred stock; par value $1 per share; 2,000,000 shares authorized; issued and outstanding: 2019 - 16,000 shares ($400,000 aggregate liquidation preference); 2018 - no shares 16 0
Common stock; par value $1 per share; 200,000,000 shares authorized; issued and outstanding: 2019 - 91,107,555 shares (excluding 1,344,193 treasury shares); 2018 - 90,369,229 shares (excluding 1,535,960 treasury shares) 91,107 90,369
Additional paid-in capital 1,212,311 811,186
Accumulated other comprehensive income (loss) 1,497,921 (52,432)
Retained earnings 1,768,764 1,549,978
Total stockholders' equity 4,570,119 2,399,101
Total liabilities and stockholders' equity $ 69,696,552 $ 61,625,564