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v3.20.2

Fair Values of Financial Instruments (Fair Values and Carrying Amounts of Financial Instruments) (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Dec. 31, 2019
--- | --- | ---
Assets |  |
Fixed maturity securities, available for sale, fair value | $ 51,700,743 | $ 51,580,490
Derivative instruments | 874,741 | 1,355,989
Other investments | 495,740 | 492,301
Coinsurance deposits (net of allowance for credit losses of $2,648 as of 2020 and $0 as of 2019) | 4,886,705 | 5,115,013
Liabilities |  |
Policy benefit reserves | 60,109,669 | 61,893,945
Carrying Amount |  |
Assets |  |
Fixed maturity securities, available for sale, fair value | 51,700,743 | 51,580,490
Mortgage loans on real estate | 3,926,699 | 3,448,793
Derivative instruments | 874,741 | 1,355,989
Other investments | 495,740 | 492,301
Cash and cash equivalents | 2,656,632 | 2,293,392
Coinsurance deposits (net of allowance for credit losses of $2,648 as of 2020 and $0 as of 2019) | 4,886,705 | 5,115,013
Liabilities |  |
Policy benefit reserves | 59,750,209 | 61,540,992
Single premium immediate annuity (SPIA) benefit reserves | 241,782 | 255,698
Notes payable | 495,528 | 495,116
Subordinated debentures | 78,037 | 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 | 51,700,743 | 51,580,490
Mortgage loans on real estate | 4,070,821 | 3,536,446
Derivative instruments | 874,741 | 1,355,989
Other investments | 495,740 | 492,301
Cash and cash equivalents | 2,656,632 | 2,293,392
Coinsurance deposits (net of allowance for credit losses of $2,648 as of 2020 and $0 as of 2019) | 4,480,027 | 4,635,926
Liabilities |  |
Policy benefit reserves | 51,872,229 | 51,800,247
Single premium immediate annuity (SPIA) benefit reserves | 249,341 | 263,773
Notes payable | 544,640 | 541,520
Subordinated debentures | 81,451 | 168,357
Fair Value | Interest Rate Caps |  |
Assets |  |
Interest rate derivative assets | $ 0 | $ 6

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