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Fair Values of Financial Instruments (Fair Values and Carrying Amounts of Financial Instruments) (Details) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019
--- | --- | ---
Assets |  |
Fixed maturity securities, available for sale, fair value | $ 47,704,867 | $ 51,580,490
Derivative instruments | 207,265 | 1,355,989
Other investments | 497,598 | 492,301
Coinsurance deposits (net of allowance for credit losses of $4,559 as of 2020 and $0 as of 2019) | 4,933,992 | 5,115,013
Liabilities |  |
Policy benefit reserves | 60,619,047 | 61,893,945
Carrying Amount |  |
Assets |  |
Fixed maturity securities, available for sale, fair value | 47,704,867 | 51,580,490
Mortgage loans on real estate | 3,668,625 | 3,448,793
Derivative instruments | 207,265 | 1,355,989
Other investments | 497,598 | 492,301
Cash and cash equivalents | 1,833,099 | 2,293,392
Coinsurance deposits (net of allowance for credit losses of $4,559 as of 2020 and $0 as of 2019) | 4,933,992 | 5,115,013
Liabilities |  |
Policy benefit reserves | 60,266,132 | 61,540,992
Single premium immediate annuity (SPIA) benefit reserves | 247,886 | 255,698
Notes payable | 495,251 | 495,116
Subordinated debentures | 77,893 | 157,265
Amounts due under repurchase agreements | 186,105 | 0
Carrying Amount | Interest Rate Caps |  |
Assets |  |
Interest rate derivative assets | 0 | 6
Fair Value |  |
Assets |  |
Fixed maturity securities, available for sale, fair value | 47,704,867 | 51,580,490
Mortgage loans on real estate | 3,727,294 | 3,536,446
Derivative instruments | 207,265 | 1,355,989
Other investments | 497,598 | 492,301
Cash and cash equivalents | 1,833,099 | 2,293,392
Coinsurance deposits (net of allowance for credit losses of $4,559 as of 2020 and $0 as of 2019) | 4,577,710 | 4,635,926
Liabilities |  |
Policy benefit reserves | 51,934,397 | 51,800,247
Single premium immediate annuity (SPIA) benefit reserves | 255,848 | 263,773
Notes payable | 483,405 | 541,520
Subordinated debentures | 70,602 | 168,357
Amounts due under repurchase agreements | 186,105 | 0
Fair Value | Interest Rate Caps |  |
Assets |  |
Interest rate derivative assets | $ 0 | $ 6

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