| Schedule of Fair Value of Separate Accounts by Major Category of Investment |
The following table represents the fair value of assets supporting separate accounts by major investment category:
|
|
|
|
|
|
|
|
|
|
|
June 30, 2025 |
|
|
December 31, 2024 |
|
|
|
(In thousands) |
|
Fixed-income securities |
|
$ |
650,070 |
|
|
$ |
708,225 |
|
Equity securities |
|
|
1,579,249 |
|
|
|
1,490,628 |
|
Cash and cash equivalents |
|
|
97,731 |
|
|
|
46,764 |
|
Due to/from funds |
|
|
(8,579 |
) |
|
|
(36,350 |
) |
Other |
|
|
21 |
|
|
|
20 |
|
Total separate account assets |
|
$ |
2,318,492 |
|
|
$ |
2,209,287 |
|
|
| Schedule of Balances and Changes in Seperate Account Liabilities |
The following table represents the balances of and changes in separate account liabilities:
|
|
|
|
|
|
|
|
|
|
|
Six months ended |
|
|
Year ended |
|
|
|
June 30, 2025 |
|
|
December 31, 2024 |
|
|
|
(In thousands) |
|
Separate account liabilities balance, beginning of period |
|
$ |
2,209,287 |
|
|
$ |
2,395,842 |
|
Premiums, deposits and transfers |
|
|
92,255 |
|
|
|
147,995 |
|
Surrenders, withdrawals and transfers |
|
|
(236,057 |
) |
|
|
(378,126 |
) |
Investment performance |
|
|
163,279 |
|
|
|
300,545 |
|
Management fees and other charges |
|
|
(29,601 |
) |
|
|
(57,734 |
) |
Foreign exchange translation |
|
|
119,329 |
|
|
|
(199,235 |
) |
Separate account liabilities balance, end of period |
|
$ |
2,318,492 |
|
|
$ |
2,209,287 |
|
Cash surrender value |
|
$ |
2,287,152 |
|
|
$ |
2,173,070 |
|
|