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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Investments [Abstract]    
Fixed maturity securities, available for sale, at fair value (amortized cost of $46,999,183 as of 2021 and $42,304,736 as of 2020; allowance for credit losses of $2,846 as of 2021 and $64,771 as of 2020) $ 51,305,943 $ 47,538,893
Mortgage loans on real estate (net of allowance for credit losses of $24,024 as of 2021 and $31,029 as of 2020) 5,687,998 4,165,489
Derivative instruments 1,277,480 1,310,954
Other investments (2021 includes $168,711 related to consolidated variable interest entities) 1,767,144 590,078
Total investments 60,376,504 53,605,414
Cash and cash equivalents (2021 includes $23,763 related to consolidated variable interest entities) 4,508,982 9,095,522
Coinsurance deposits (net of allowance for credit losses of $2,264 as of 2021 and $1,888 as of 2020) 8,850,608 4,844,927
Accrued investment income (2021 includes $3 related to consolidated variable interest entities) 445,097 398,082
Deferred policy acquisition costs 2,222,769 2,225,199
Deferred sales inducements 1,546,073 1,448,375
Income taxes recoverable 166,586 862
Other assets (2021 includes $1,524 related to consolidated variable interest entities) 232,490 70,198
Total assets 78,349,109 71,688,579
Liabilities:    
Policy benefit reserves 65,477,778 62,352,882
Other policy funds and contract claims 226,844 240,904
Notes payable 496,250 495,668
Subordinated debentures 78,421 78,112
Deferred income taxes 541,972 504,000
Funds withheld for reinsurance liabilities 3,124,740 0
Other liabilities (2021 includes $20,168 related to consolidated variable interest entities) 2,079,977 1,668,025
Total liabilities 72,025,982 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) 92,514 95,721
Additional paid-in capital 1,614,374 1,681,127
Accumulated other comprehensive income 1,848,789 2,203,557
Retained earnings 2,767,422 2,368,555
Total stockholders' equity 6,323,127 6,348,988
Total liabilities and stockholders' equity 78,349,109 71,688,579
Variable Interest Entities    
Investments [Abstract]    
Real estate investments related to consolidated variable interest entities 337,939 0
Other investments (2021 includes $168,711 related to consolidated variable interest entities) 168,711  
Cash and cash equivalents (2021 includes $23,763 related to consolidated variable interest entities) 23,763  
Accrued investment income (2021 includes $3 related to consolidated variable interest entities) 3  
Other assets (2021 includes $1,524 related to consolidated variable interest entities) 1,524  
Total assets 531,940 0
Liabilities:    
Other liabilities (2021 includes $20,168 related to consolidated variable interest entities) 20,168  
Total liabilities 20,168 0
Preferred Stock, Series A    
Stockholders' equity:    
Preferred stock, value, issued 16 16
Preferred Stock, Series B    
Stockholders' equity:    
Preferred stock, value, issued $ 12 $ 12