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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Investments:    
Fixed maturity securities, available for sale, at fair value (amortized cost of $41,852,088 as of 2021 and $42,304,736 as of 2020; allowance for credit losses of $14,190 as of 2021 and $64,771 as of 2020) $ 46,659,256 $ 47,538,893
Mortgage loans on real estate (net of allowance for credit losses of $26,581 as of 2021 and $31,029 as of 2020) 4,299,945 4,165,489
Derivative instruments 1,459,965 1,310,954
Other investments 962,305 590,078
Total investments 53,639,708 53,605,414
Cash and cash equivalents (2021 includes $26,021 related to consolidated variable interest entities) 11,524,265 9,095,522
Coinsurance deposits (net of allowance for credit losses of $1,779 as of 2021 and $1,888 as of 2020) 4,441,950 4,844,927
Accrued investment income (2021 includes $27 related to consolidated variable interest entities) 397,393 398,082
Deferred policy acquisition costs 2,310,931 2,225,199
Deferred sales inducements 1,466,217 1,448,375
Income taxes recoverable 41,019 862
Other assets (2021 includes $504 related to consolidated variable interest entities) 60,816 70,198
Total assets 73,882,299 71,688,579
Liabilities:    
Policy benefit reserves 64,555,597 62,352,882
Other policy funds and contract claims 233,987 240,904
Notes payable 495,955 495,668
Subordinated debentures 78,264 78,112
Deferred income taxes 483,631 504,000
Other liabilities (2021 includes $16,410 related to consolidated variable interest entities) 1,739,130 1,668,025
Total liabilities 67,586,564 65,339,591
Stockholders' equity:    
Common stock; par value $1 per share; 200,000,000 shares authorized; issued and outstanding: 2021 - 92,553,825 shares (excluding 9,895,711 treasury shares); 2020 - 95,720,622 shares (excluding 6,516,525 treasury shares) 92,554 95,721
Additional paid-in capital 1,604,535 1,681,127
Accumulated other comprehensive income 2,023,911 2,203,557
Retained earnings 2,574,707 2,368,555
Total stockholders' equity 6,295,735 6,348,988
Total liabilities and stockholders' equity 73,882,299 71,688,579
Variable Interest Entities    
Investments:    
Real estate related to consolidated variable interest entities 258,237 0
Cash and cash equivalents (2021 includes $26,021 related to consolidated variable interest entities) 26,021  
Accrued investment income (2021 includes $27 related to consolidated variable interest entities) 27  
Other assets (2021 includes $504 related to consolidated variable interest entities) 504  
Total assets 284,800  
Liabilities:    
Other liabilities (2021 includes $16,410 related to consolidated variable interest entities) 16,410  
Total liabilities 16,400  
Preferred Stock, Series A    
Stockholders' equity:    
Preferred stock 16 16
Preferred Stock, Series B    
Stockholders' equity:    
Preferred stock $ 12 $ 12