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Revenue from Contracts with Customers (Tables)
6 Months Ended
Jun. 30, 2020
Revenue From Contract With Customer [Abstract]  
Summary of Disaggregation of Revenues from Contracts

The disaggregation of our revenues from contracts with customers were as follows:

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

 

(In thousands)

 

Term Life Insurance segment revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Other, net

 

$

11,426

 

 

$

10,055

 

 

$

21,594

 

 

$

19,800

 

    Total segment revenues from contracts with customers

 

 

11,426

 

 

 

10,055

 

 

 

21,594

 

 

 

19,800

 

  Revenues from sources other than contracts with customers

 

 

316,807

 

 

 

286,813

 

 

 

634,385

 

 

 

573,912

 

      Total Term Life Insurance segment revenues

 

$

328,233

 

 

$

296,868

 

 

$

655,979

 

 

$

593,712

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment and Savings Products segment revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Commissions and fees

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Sales-based revenues

 

$

62,812

 

 

$

71,438

 

 

$

143,704

 

 

$

138,435

 

    Asset-based revenues

 

 

64,666

 

 

 

64,953

 

 

 

131,659

 

 

 

124,707

 

    Account-based revenues

 

 

20,478

 

 

 

19,897

 

 

 

40,682

 

 

 

39,509

 

  Other, net

 

 

2,745

 

 

 

2,434

 

 

 

5,287

 

 

 

4,856

 

      Total segment revenues from contracts with customers

 

 

150,701

 

 

 

158,722

 

 

 

321,332

 

 

 

307,507

 

  Revenues from sources other than contracts

    with customers (segregated funds)

 

 

13,480

 

 

 

14,364

 

 

 

27,881

 

 

 

28,249

 

        Total Investment and Savings Products segment revenues

 

$

164,181

 

 

$

173,086

 

 

$

349,213

 

 

$

335,756

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate and Other Distributed Products segment revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Commissions and fees (1)

 

$

10,352

 

 

$

7,817

 

 

$

17,931

 

 

$

14,883

 

  Other, net

 

 

865

 

 

 

1,335

 

 

 

1,820

 

 

 

2,392

 

    Total segment revenues from contracts with customers

 

 

11,217

 

 

 

9,152

 

 

 

19,751

 

 

 

17,275

 

  Revenues from sources other than contracts with customers

 

 

22,184

 

 

 

25,796

 

 

 

25,808

 

 

 

53,147

 

      Total Corporate and Other Distributed Products segment revenues

 

$

33,401

 

 

$

34,948

 

 

$

45,559

 

 

$

70,422

 

 

(1)

Commissions and fees for the three and six months ended June 30, 2020 included $1.5 million and $2.6 million, respectively, and for the three and six months ended June 30, 2019 included $1.4 million and $2.5 million, respectively, attributable to performance obligations satisfied in a previous reporting period and represent the collection of variable consideration in the transaction price that had been previously constrained.

Summary of Contract Asset Account

Activity in the contract asset account was as follows:

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

 

(In thousands)

 

 

(In thousands)

 

Balance, beginning of period

 

$

51,499

 

 

$

50,091

 

 

$

51,701

 

 

$

50,119

 

Current period sales, net of collection of renewal commissions

 

 

1,024

 

 

 

376

 

 

 

822

 

 

 

348

 

Balance, at the end of period

 

$

52,523

 

 

$

50,467

 

 

$

52,523

 

 

$

50,467