Fixed maturities, available for sale, at fair value (net of allowance for credit losses june30, 2026 - 41.5 and december31, 2025 - 36.0 amortized cost june30, 2026 - 26,580.2 and december31, 2025 - 25,776.4)
24,495,700
23,881,100
23,886,800
23,405,300
Equity securities at fair value
337,200
332,800
389,200
377,200
Mortgage loans (net of allowance for credit losses june30, 2026 - 17.0 and december31, 2025 - 20.9)
3,356,300
3,347,800
3,256,800
3,042,700
Policy loans
144,200
141,800
140,900
141,200
Trading securities
258,600
280,200
294,800
296,900
Investments held by variable interest entities (net of allowance for credit losses june30, 2026 - 1.6 and december31, 2025 - 0.6 amortized cost june30, 2026 - 296.2 and december31, 2025 - 294.1)
292,300
287,400
293,000
296,800
Other invested assets
1,858,600
1,695,100
1,737,000
1,617,000
Total investments
30,742,900
29,966,200
29,998,500
29,177,100
Cash and cash equivalents - unrestricted
1,289,700
1,129,500
956,100
1,218,300
Cash and cash equivalents held by variable interest entities
16,300
24,800
27,400
23,300
Accrued investment income
302,500
284,200
286,000
282,000
Present value of future profits
135,500
139,500
143,600
147,800
Deferred acquisition costs and sales inducements
2,508,100
2,441,300
2,397,300
2,343,700
Reinsurance receivables (net of allowance for credit losses june30, 2026 - 1.0 and december31, 2025 - 1.0)
3,568,500
3,611,100
3,677,500
3,731,700
Income tax assets, net
709,700
748,900
713,300
708,100
Assets held in separate accounts
3,000
2,700
2,800
2,700
Other assets
585,000
615,200
588,100
661,500
Total assets
39,861,200
38,963,400
38,790,600
38,296,200
Policyholder account values, end of period excluding contracts 100 ceded
19,245,700
18,645,200
18,480,500
17,872,300
Policyholder account values, end of period for contracts 100 ceded
707,800
723,000
738,500
752,400
Amount of reserves above (below) policyholder account values
-312,600
-370,900
-306,400
-334,400
Policyholder account balances
19,640,900
18,997,300
18,912,600
18,290,300
Future policy benefits
11,784,700
11,722,200
11,898,000
11,975,500
Market risk benefit liability
50,600
58,100
48,100
52,600
Liability for life insurance policy claims
61,800
58,800
58,400
61,500
Unearned and advanced premiums
219,000
225,200
228,000
214,500
Liabilities related to separate accounts
3,000
2,700
2,800
2,700
Other liabilities
957,100
1,098,600
952,800
1,036,900
Investment borrowings
2,941,700
2,691,700
2,441,700
2,441,700
Borrowings related to variable interest entities
274,500
274,400
274,400
274,300
Notes payable direct corporate obligations
1,336,300
1,336,000
1,335,600
1,335,200
Total liabilities
37,269,600
36,465,000
36,152,400
35,685,200
Common stock (0.01 par value, 8,000,000,000 shares authorized, shares issued and outstanding june30, 2026 92,696,990 december31, 2025 94,484,339)
900
900
900
1,000
Additional paid-in capital
1,227,400
1,277,800
1,336,300
1,389,400
Accumulated other comprehensive loss
-1,182,800
-1,217,600
-1,115,000
-1,118,900
Retained earnings
2,546,100
2,437,300
2,416,000
2,339,500
Total shareholders' equity
2,591,600
2,498,400
2,638,200
2,611,000
Total liabilities and shareholders' equity
39,861,200
38,963,400
38,790,600
38,296,200
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.
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