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Revenue from Contracts with Customers (Tables)
3 Months Ended
Mar. 31, 2021
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 March 31,

 

 

 

 

2021

 

 

2020

 

 

 

 

(In thousands)

Term Life Insurance segment revenues:

 

 

 

 

 

 

 

 

 

  Other, net

 

$

11,810

 

 

$

10,168

 

 

    Total segment revenues from contracts with customers

 

 

11,810

 

 

 

10,168

 

 

  Revenues from sources other than contracts with customers

 

 

370,217

 

 

 

317,578

 

 

      Total Term Life Insurance segment revenues

 

$

382,027

 

 

$

327,746

 

 

 

 

 

 

 

 

 

 

 

 

Investment and Savings Products segment revenues:

 

 

 

 

 

 

 

 

 

  Commissions and fees

 

 

 

 

 

 

 

 

 

    Sales-based revenues

 

$

98,112

 

 

$

80,891

 

 

    Asset-based revenues

 

 

85,613

 

 

 

66,994

 

 

    Account-based revenues

 

 

21,120

 

 

 

20,204

 

 

  Other, net

 

 

2,949

 

 

 

2,542

 

 

      Total segment revenues from contracts with customers

 

 

207,794

 

 

 

170,631

 

 

  Revenues from sources other than contracts

    with customers (segregated funds)

 

 

15,628

 

 

 

14,401

 

 

        Total Investment and Savings Products segment revenues

 

$

223,422

 

 

$

185,032

 

 

 

 

 

 

 

 

 

 

 

 

Corporate and Other Distributed Products segment revenues:

 

 

 

 

 

 

 

 

 

  Commissions and fees (1)

 

$

13,571

 

 

$

7,579

 

 

  Other, net

 

 

836

 

 

 

955

 

 

    Total segment revenues from contracts with customers

 

 

14,407

 

 

 

8,534

 

 

  Revenues from sources other than contracts with customers

 

 

17,855

 

 

 

3,624

 

 

      Total Corporate and Other Distributed Products segment revenues

 

$

32,262

 

 

$

12,158

 

 

(1)

Commissions and fees included $1.1 million for the three months ended March 31, 2021 and 2020, 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 March 31,

 

 

 

 

2021

 

 

2020

 

 

 

 

(In thousands)

 

 

Balance, beginning of period

 

$

54,845

 

 

$

51,701

 

 

Current period sales, net of collection of renewal commissions

 

 

859

 

 

 

(202

)

 

Balance, at the end of period

 

$

55,704

 

 

$

51,499