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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Investments:    
Fixed maturity securities, available for sale, at fair value (amortized cost of $47,254,063 as of 2020 and $48,238,946 as of 2019; allowance for credit losses of $28,332 as of 2020) $ 47,704,867 $ 51,580,490
Mortgage loans on real estate (net of allowance for credit losses of $19,776 as of 2020 and $9,179 as of 2019) 3,668,625 3,448,793
Derivative instruments 207,265 1,355,989
Other investments 497,598 492,301
Total investments 52,078,355 56,877,573
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
Accrued investment income 472,667 472,826
Deferred policy acquisition costs 3,615,101 2,923,454
Deferred sales inducements 2,414,533 1,966,723
Deferred income taxes 90,384 0
Income taxes recoverable 46,324 0
Other assets 65,101 47,571
Total assets 65,549,556 69,696,552
Liabilities:    
Policy benefit reserves 60,619,047 61,893,945
Other policy funds and contract claims 248,178 256,105
Notes payable 495,251 495,116
Subordinated debentures 77,893 157,265
Amounts due under repurchase agreements 186,105 0
Deferred income taxes 0 177,897
Income taxes payable 0 429
Other liabilities 400,325 2,145,676
Total liabilities 62,026,799 65,126,433
Stockholders' equity:    
Preferred stock; par value $1 per share; $400,000 aggregate liquidation preference; 2,000,000 shares authorized; issued and outstanding: 2020 - 16,000 shares; 2019 - 16,000 shares 16 16
Common stock; par value $1 per share; 200,000,000 shares authorized; issued and outstanding: 2020 - 91,497,841 shares (excluding 1,207,201 treasury shares); 2019 - 91,107,555 shares (excluding 1,344,193 treasury shares) 91,498 91,107
Additional paid-in capital 1,215,464 1,212,311
Accumulated other comprehensive income 219,974 1,497,921
Retained earnings 1,995,805 1,768,764
Total stockholders' equity 3,522,757 4,570,119
Total liabilities and stockholders' equity $ 65,549,556 $ 69,696,552