| 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, 2026 |
|
|
December 31, 2025 |
|
|
|
(In thousands) |
|
Fixed-income securities |
|
$ |
601,237 |
|
|
$ |
620,931 |
|
Equity securities |
|
|
1,504,136 |
|
|
|
1,595,934 |
|
Cash and cash equivalents |
|
|
96,176 |
|
|
|
69,952 |
|
Due to/from funds |
|
|
(45,073 |
) |
|
|
(5,318 |
) |
Other |
|
|
22 |
|
|
|
21 |
|
Total separate account assets |
|
$ |
2,156,498 |
|
|
$ |
2,281,520 |
|
|
| 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, 2026 |
|
|
December 31, 2025 |
|
|
|
(In thousands) |
|
Separate account liabilities balance, beginning of period |
|
$ |
2,281,520 |
|
|
$ |
2,209,287 |
|
Premiums, deposits and transfers |
|
|
80,321 |
|
|
|
174,693 |
|
Surrenders, withdrawals and transfers |
|
|
(216,831 |
) |
|
|
(424,337 |
) |
Investment performance |
|
|
116,015 |
|
|
|
273,108 |
|
Management fees and other charges |
|
|
(27,338 |
) |
|
|
(59,942 |
) |
Foreign exchange translation |
|
|
(77,189 |
) |
|
|
108,711 |
|
Separate account liabilities balance, end of period |
|
$ |
2,156,498 |
|
|
$ |
2,281,520 |
|
Cash surrender value |
|
$ |
2,130,080 |
|
|
$ |
2,250,638 |
|
|