XML 139 R115.htm IDEA: XBRL DOCUMENT v3.8.0.1
Business Segments - Reconciliation of Segment Operating Information to Consolidated Statement of Operations (Detail) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenue:                      
Premium $ 826,473 $ 819,217 $ 816,614 $ 820,631 $ 787,908 $ 783,411 $ 785,855 $ 779,860 $ 3,282,935 $ 3,137,034 $ 2,998,720
Net investment income 212,955 213,872 212,776 208,282 205,488 202,720 201,642 197,053 847,885 806,903 773,951
Other income                 1,142 1,375 2,185
Total revenue                 4,131,962 3,945,312 3,774,856
Expenses:                      
Policy benefits 562,465 551,219 556,415 557,776 540,138 532,152 531,485 524,973 2,227,875 2,128,748 2,016,212
Policy reserves                 0 0 0
Deferred acquisition costs                 0 0 0
Amortization of acquisition costs 120,040 122,334 122,121 125,908 116,191 116,821 117,245 118,806 490,403 469,063 445,625
Commissions, premium taxes, and non-deferred acquisition costs                 264,860 249,174 237,541
Insurance administrative expense                 210,590 197,151 186,191
Parent expense                 9,631 8,587 9,003
Stock-based compensation expense                 37,034 26,326 28,664
Stock-based compensation expense                 3,380    
Interest expense                 84,532 83,345 76,642
Total benefits and expenses                 3,324,925 3,162,394 2,999,878
Subtotal                 807,037 782,918 774,978
Non-operating items                 14,128 4,348 1,394
Measure of segment profitability (pretax)                 821,165 787,266 776,372
Deduct applicable income taxes                 (247,484) (237,906) (253,459)
Net operating income from continuing operations                 573,681 549,360 522,913
Add (deduct) realized investment gains (losses) 17,469 12,595 (705) (5,748) (18,463) 3,482 4,005 293 23,611 (10,683) (8,791)
Deduct guaranty fund assessments                 (1,801)    
Deduct increase in stock-based compensation expense due to Tax Legislation                 (3,380)    
Deduct administrative settlements                 (8,659) (3,795) (1,394)
Deduct non-operating fees                 (288) (553)  
Income before income taxes per Consolidated Statement of Operations $ 216,371 $ 220,610 $ 201,926 $ 191,741 $ 175,982 $ 201,461 $ 199,344 $ 195,448 830,648 772,235 766,187
Operating Segments | Life                      
Revenue:                      
Premium                 2,306,547 2,189,333 2,073,065
Total revenue                 2,306,547 2,189,333 2,073,065
Expenses:                      
Policy benefits                 1,549,602 1,475,477 1,374,608
Policy reserves                 (607,007) (577,827) (552,298)
Deferred acquisition costs                 186,236 178,946 172,947
Amortization of acquisition costs                 396,268 374,499 353,595
Commissions, premium taxes, and non-deferred acquisition costs                 177,111 164,476 154,811
Total benefits and expenses                 1,702,210 1,615,571 1,503,663
Subtotal                 604,337 573,762 569,402
Measure of segment profitability (pretax)                 604,337 573,762 569,402
Operating Segments | Health                      
Revenue:                      
Premium                 976,373 947,663 925,520
Total revenue                 976,373 947,663 925,520
Expenses:                      
Policy benefits                 628,640 612,725 602,610
Policy reserves                 (77,792) (73,382) (69,057)
Deferred acquisition costs                 23,454 23,060 22,760
Amortization of acquisition costs                 96,519 90,385 83,341
Commissions, premium taxes, and non-deferred acquisition costs                 86,044 84,819 81,489
Total benefits and expenses                 756,865 737,607 721,143
Subtotal                 219,508 210,056 204,377
Measure of segment profitability (pretax)                 219,508 210,056 204,377
Operating Segments | Annuity                      
Revenue:                      
Premium                 15 38 135
Total revenue                 15 38 135
Expenses:                      
Policy benefits                 35,836 36,751 38,994
Policy reserves                 (49,571) (51,131) (53,295)
Deferred acquisition costs                 690 807 1,138
Amortization of acquisition costs                 2,466 4,179 8,689
Commissions, premium taxes, and non-deferred acquisition costs                 32 38 41
Total benefits and expenses                 (10,547) (9,356) (4,433)
Subtotal                 10,562 9,394 4,568
Measure of segment profitability (pretax)                 10,562 9,394 4,568
Operating Segments | Investment                      
Revenue:                      
Net investment income                 847,885 806,903 773,951
Total revenue                 847,885 806,903 773,951
Expenses:                      
Policy reserves                 734,370 702,340 674,650
Deferred acquisition costs                 (210,380) (202,813) (196,845)
Interest expense                 84,532 83,345 76,642
Total benefits and expenses                 608,522 582,872 554,447
Subtotal                 239,363 224,031 219,504
Measure of segment profitability (pretax)                 239,363 224,031 219,504
Operating Segments | Corporate & Other                      
Revenue:                      
Other income                 1,270 1,534 2,379
Total revenue                 1,270 1,534 2,379
Expenses:                      
Insurance administrative expense                 210,590 196,598 186,191
Parent expense                 9,631 8,587 9,003
Stock-based compensation expense                 33,654 26,326 28,664
Total benefits and expenses                 253,875 231,511 223,858
Subtotal                 (252,605) (229,977) (221,479)
Measure of segment profitability (pretax)                 (252,605) (229,977) (221,479)
Adjustments                      
Revenue:                      
Other income                 (128) (159) (194)
Total revenue                 (128) (159) (194)
Expenses:                      
Policy benefits                 13,797 3,795
Amortization of acquisition costs                 (4,850)    
Commissions, premium taxes, and non-deferred acquisition costs                 1,673 (159) 1,200
Insurance administrative expense                   553  
Stock-based compensation expense                 3,380    
Total benefits and expenses                 14,000 4,189 1,200
Subtotal                 (14,128) (4,348) (1,394)
Non-operating items                 14,128   1,394
Measure of segment profitability (pretax)                 0 $ 0 $ 0
Deduct increase in stock-based compensation expense due to Tax Legislation                 $ (3,380)