XML 68 R48.htm IDEA: XBRL DOCUMENT v3.20.4
Fair Values of Financial Instruments (Carrying Amounts and Fair Values of Financial Instruments) (Details) - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Fixed maturity securities, available for sale, fair value $ 47,538,893 $ 51,580,490
Derivative instruments 1,310,954 1,355,989
Other investments 590,078 492,301
Coinsurance deposits (net of allowance for credit losses of $1,888 as of 2020 and $0 as of 2019) 4,844,927 5,115,013
Liabilities    
Policy benefit reserves 61,768,246 61,893,945
Carrying Amount    
Assets    
Fixed maturity securities, available for sale, fair value 47,538,893 51,580,490
Mortgage loans on real estate 4,165,489 3,448,793
Derivative instruments 1,310,954 1,355,989
Other investments 590,078 492,301
Cash and cash equivalents 9,095,522 2,293,392
Coinsurance deposits (net of allowance for credit losses of $1,888 as of 2020 and $0 as of 2019) 4,844,927 5,115,013
Liabilities    
Policy benefit reserves 61,406,599 61,540,992
Single premium immediate annuity (SPIA) benefit reserves 240,226 255,698
Notes payable 495,668 495,116
Subordinated debentures 78,112 157,265
Carrying Amount | Interest Rate Caps    
Assets    
Interest rate derivative assets 0 6
Fair Value    
Assets    
Fixed maturity securities, available for sale, fair value 47,538,893 51,580,490
Mortgage loans on real estate 4,327,885 3,536,446
Derivative instruments 1,310,954 1,355,989
Other investments 590,078 492,301
Cash and cash equivalents 9,095,522 2,293,392
Coinsurance deposits (net of allowance for credit losses of $1,888 as of 2020 and $0 as of 2019) 4,411,051 4,635,926
Liabilities    
Policy benefit reserves 52,928,174 51,800,247
Single premium immediate annuity (SPIA) benefit reserves 247,679 263,773
Notes payable 567,345 541,520
Subordinated debentures 87,951 168,357
Fair Value | Interest Rate Caps    
Assets    
Interest rate derivative assets $ 0 $ 6