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v3.21.1

Fair Values of Financial Instruments (Fair Values and Carrying Amounts of Financial Instruments) (Details) - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020
--- | --- | ---
Assets |  |
Fixed maturity securities, available for sale, fair value | $ 45,690,341 | $ 47,538,893
Derivative instruments | 1,509,892 | 1,310,954
Other investments | 908,437 | 590,078
Coinsurance deposits (net of allowance for credit losses of $2,032 as of 2021 and $1,888 as of 2020) | 4,646,406 | 4,844,927
Liabilities |  |
Policy benefit reserves | 63,519,546 | 62,352,882
Carrying Amount |  |
Assets |  |
Fixed maturity securities, available for sale, fair value | 45,690,341 | 47,538,893
Mortgage loans on real estate | 4,290,602 | 4,165,489
Derivative instruments | 1,509,892 | 1,310,954
Other investments | 908,437 | 590,078
Cash and cash equivalents | 11,087,125 | 9,095,522
Coinsurance deposits (net of allowance for credit losses of $2,032 as of 2021 and $1,888 as of 2020) | 4,646,406 | 4,844,927
Liabilities |  |
Policy benefit reserves | 62,755,460 | 61,406,599
Single premium immediate annuity (SPIA) benefit reserves | 233,628 | 240,226
Notes payable | 495,811 | 495,668
Subordinated debentures | 78,187 | 78,112
Fair Value |  |
Assets |  |
Fixed maturity securities, available for sale, fair value | 45,690,341 | 47,538,893
Mortgage loans on real estate | 4,400,228 | 4,327,885
Derivative instruments | 1,509,892 | 1,310,954
Other investments | 908,437 | 590,078
Cash and cash equivalents | 11,087,125 | 9,095,522
Coinsurance deposits (net of allowance for credit losses of $2,032 as of 2021 and $1,888 as of 2020) | 4,265,420 | 4,411,051
Liabilities |  |
Policy benefit reserves | 54,495,993 | 52,928,174
Single premium immediate annuity (SPIA) benefit reserves | 240,883 | 247,679
Notes payable | 555,150 | 567,345
Subordinated debentures | $ 81,039 | $ 87,951

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