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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Investments:    
Fixed maturity securities, available for sale, at fair value (amortized cost of $42,114,459 as of 2021 and $42,304,736 as of 2020; allowance for credit losses of $59,698 as of 2021 and $64,771 as of 2020) $ 45,690,341 $ 47,538,893
Mortgage loans on real estate (net of allowance for credit losses of $28,514 as of 2021 and $31,029 as of 2020) 4,290,602 4,165,489
Derivative instruments 1,509,892 1,310,954
Other investments 908,437 590,078
Total investments 52,399,272 53,605,414
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
Accrued investment income 410,112 398,082
Deferred policy acquisition costs 2,470,851 2,225,199
Deferred sales inducements 1,587,653 1,448,375
Income taxes recoverable 0 862
Other assets 76,247 70,198
Total assets 72,677,666 71,688,579
Liabilities:    
Policy benefit reserves 63,519,546 62,352,882
Other policy funds and contract claims 234,468 240,904
Notes payable 495,811 495,668
Subordinated debentures 78,187 78,112
Deferred income taxes 376,895 504,000
Income taxes payable 19,599 0
Other liabilities 2,024,400 1,668,025
Total liabilities 66,748,906 65,339,591
Stockholders' equity:    
Common stock; par value $1 per share; 200,000,000 shares authorized; issued and outstanding: 2021 - 95,482,733 shares (excluding 6,916,584 treasury shares); 2020 - 95,720,622 shares (excluding 6,516,525 treasury shares) 95,483 95,721
Additional paid-in capital 1,687,669 1,681,127
Accumulated other comprehensive income 1,505,260 2,203,557
Retained earnings 2,640,320 2,368,555
Total stockholders' equity 5,928,760 6,348,988
Total liabilities and stockholders' equity 72,677,666 71,688,579
Preferred Stock, Series A    
Stockholders' equity:    
Preferred stock 16 16
Preferred Stock, Series B    
Stockholders' equity:    
Preferred stock $ 12 $ 12