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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Investments:    
Fixed maturity securities, available for sale, at fair value (amortized cost of $41,247,540 as of 2021 and $42,304,736 as of 2020; allowance for credit losses of $4,074 as of 2021 and $64,771 as of 2020) $ 45,738,097 $ 47,538,893
Mortgage loans on real estate (net of allowance for credit losses of $21,558 as of 2021 and $31,029 as of 2020) 4,288,742 4,165,489
Derivative instruments 990,033 1,310,954
Other investments 1,021,226 590,078
Total investments 52,297,360 53,605,414
Cash and cash equivalents (2021 includes $27,224 related to consolidated variable interest entities) 12,684,793 9,095,522
Coinsurance deposits (net of allowance for credit losses of $2,697 as of 2021 and $1,888 as of 2020) 8,733,096 4,844,927
Accrued investment income (2021 includes $309 related to consolidated variable interest entities) 413,370 398,082
Deferred policy acquisition costs 2,193,889 2,225,199
Deferred sales inducements 1,545,494 1,448,375
Income taxes recoverable 0 862
Other assets (2021 includes $1,503 related to consolidated variable interest entities) 449,961 70,198
Total assets 78,317,963 71,688,579
Liabilities:    
Policy benefit reserves 64,810,504 62,352,882
Other policy funds and contract claims 229,199 240,904
Notes payable 496,101 495,668
Subordinated debentures 78,342 78,112
Deferred income taxes 426,176 504,000
Income taxes payable 39,478 0
Other liabilities (2021 includes $12,191 related to consolidated variable interest entities) 5,862,955 1,668,025
Total liabilities 71,942,755 65,339,591
Stockholders' equity:    
Common stock; par value $1 per share; 200,000,000 shares authorized; issued and outstanding: 2021 - 92,513,517 shares (excluding 9,936,715 treasury shares); 2020 - 95,720,622 shares (excluding 6,516,525 treasury shares) 92,513 95,721
Additional paid-in capital 1,609,039 1,681,127
Accumulated other comprehensive income 1,956,974 2,203,557
Retained earnings 2,716,654 2,368,555
Total stockholders' equity 6,375,208 6,348,988
Total liabilities and stockholders' equity 78,317,963 71,688,579
Variable Interest Entities    
Investments:    
Real estate related to consolidated variable interest entities 259,262 0
Cash and cash equivalents (2021 includes $27,224 related to consolidated variable interest entities) 27,224  
Accrued investment income (2021 includes $309 related to consolidated variable interest entities) 309  
Other assets (2021 includes $1,503 related to consolidated variable interest entities) 1,503  
Total assets 288,300  
Liabilities:    
Other liabilities (2021 includes $12,191 related to consolidated variable interest entities) 12,191  
Total liabilities 12,200  
Preferred Stock, Series A    
Stockholders' equity:    
Preferred stock 16 16
Preferred Stock, Series B    
Stockholders' equity:    
Preferred stock $ 12 $ 12