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v3.20.2

Fair Values of Financial Instruments (Fair Values and Carrying Amounts of Financial Instruments) (Details) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019
--- | --- | ---
Assets |  |
Fixed maturity securities, available for sale, fair value | $ 50,738,792 | $ 51,580,490
Derivative instruments | 672,958 | 1,355,989
Other investments | 479,099 | 492,301
Coinsurance deposits (net of allowance for credit losses of $3,948 as of 2020 and $0 as of 2019) | 4,962,859 | 5,115,013
Liabilities |  |
Policy benefit reserves | 61,669,232 | 61,893,945
Carrying Amount |  |
Assets |  |
Fixed maturity securities, available for sale, fair value | 50,738,792 | 51,580,490
Mortgage loans on real estate | 3,958,233 | 3,448,793
Derivative instruments | 672,958 | 1,355,989
Other investments | 479,099 | 492,301
Cash and cash equivalents | 2,408,635 | 2,293,392
Coinsurance deposits (net of allowance for credit losses of $3,948 as of 2020 and $0 as of 2019) | 4,962,859 | 5,115,013
Liabilities |  |
Policy benefit reserves | 61,312,957 | 61,540,992
Single premium immediate annuity (SPIA) benefit reserves | 243,910 | 255,698
Notes payable | 495,388 | 495,116
Subordinated debentures | 77,964 | 157,265
Carrying Amount | Interest Rate Caps |  |
Assets |  |
Interest rate derivative assets | 0 | 6
Fair Value |  |
Assets |  |
Fixed maturity securities, available for sale, fair value | 50,738,792 | 51,580,490
Mortgage loans on real estate | 4,044,873 | 3,536,446
Derivative instruments | 672,958 | 1,355,989
Other investments | 479,099 | 492,301
Cash and cash equivalents | 2,408,635 | 2,293,392
Coinsurance deposits (net of allowance for credit losses of $3,948 as of 2020 and $0 as of 2019) | 4,527,374 | 4,635,926
Liabilities |  |
Policy benefit reserves | 51,865,732 | 51,800,247
Single premium immediate annuity (SPIA) benefit reserves | 251,599 | 263,773
Notes payable | 543,520 | 541,520
Subordinated debentures | 74,084 | 168,357
Fair Value | Interest Rate Caps |  |
Assets |  |
Interest rate derivative assets | $ 0 | $ 6

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