Consolidated Balance Sheets - USD ($)
$ in Thousands |
Dec. 31, 2016 |
Dec. 31, 2015 |
| Investments: |
|
|
| Securities held to maturity, at amortized cost (fair value: $7,337,611 and $7,335,436) |
$ 7,159,259
|
$ 7,173,967
|
| Securities available for sale, at fair value (amortized cost: $2,991,042 and $2,847,414) |
3,060,363
|
2,879,583
|
| Mortgage loans, net of allowance for possible losses ($650 and $650) |
174,534
|
108,311
|
| Policy loans |
58,699
|
61,957
|
| Derivatives, index options |
120,644
|
38,409
|
| Other long-term investments |
53,954
|
26,787
|
| Total investments |
10,627,453
|
10,289,014
|
| Cash and cash equivalents |
51,247
|
106,007
|
| Deferred policy acquisition costs |
835,194
|
853,451
|
| Deferred sales inducements |
147,111
|
159,166
|
| Accrued investment income |
99,245
|
99,619
|
| Federal income tax receivable |
0
|
12,512
|
| Other assets |
134,731
|
92,807
|
| Total assets |
11,894,981
|
11,612,576
|
| Future policy benefits: |
|
|
| Universal life and annuity contracts |
9,722,313
|
9,561,358
|
| Traditional life reserves |
136,782
|
138,000
|
| Other policyholder liabilities |
143,391
|
155,261
|
| Deferred Federal income tax liability |
64,990
|
49,333
|
| Federal income tax payable |
789
|
0
|
| Other liabilities |
104,888
|
96,638
|
| Total liabilities |
10,173,153
|
10,000,590
|
| COMMITMENTS AND CONTINGENCIES (Notes 4, 7, and 9) |
|
|
| Common stock: |
|
|
| Additional paid-in capital |
41,716
|
41,716
|
| Accumulated other comprehensive income |
10,552
|
329
|
| Retained earnings |
1,669,524
|
1,569,905
|
| Total stockholders' equity |
1,721,828
|
1,611,986
|
| Total liabilities and stockholders' equity |
11,894,981
|
11,612,576
|
| Common Class A |
|
|
| Common stock: |
|
|
| Common stock, value outstanding |
34
|
34
|
| Common Class B |
|
|
| Common stock: |
|
|
| Common stock, value outstanding |
$ 2
|
$ 2
|