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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net income $ 667,200 $ 37,360 $ 662,718 $ 25,940
Other comprehensive income:        
Change in net unrealized investment gains/losses (1) [1] 494,154 742,756 767,646 2,136,989
Noncredit component of OTTI losses (1) [1] 0 0 0 103
Reclassification of unrealized investment gains/losses to net income (1) [1] 2,392 2,681 9,810 3,809
Other comprehensive income before income tax 496,546 745,437 777,456 2,140,901
Income tax effect related to other comprehensive income (104,274) (155,992) (163,266) (449,040)
Other comprehensive income 392,272 589,445 614,190 1,691,861
Comprehensive income $ 1,059,472 $ 626,805 $ 1,276,908 $ 1,717,801
[1] Net of related adjustments to amortization of deferred sales inducements and deferred policy acquisition costs.