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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Premiums and policy fees $ 860,586 $ 852,795
Reinsurance ceded (316,076) (310,327)
Net of reinsurance ceded 544,510 542,468
Net investment income 506,413 475,117
Realized investment gains (losses):    
Derivative financial instruments (69,878) (73,499)
All other investments 22,841 81,728
Other-than-temporary impairment losses (2,725) (2,769)
Portion recognized in other comprehensive income (before taxes) (5,106) 152
Net impairment losses recognized in earnings (7,831) (2,617)
Other income 109,242 103,716
Total revenues 1,105,297 1,126,913
Benefits and expenses    
Benefits and settlement expenses, net of reinsurance ceded: (2017 -$263,377; 2016 -$299,873) 749,642 714,545
Amortization of deferred policy acquisition costs and value of business acquired 20,519 30,746
Other operating expenses, net of reinsurance ceded: (2017 -$51,017; 2016 -$48,311) 222,787 209,780
Total benefits and expenses 992,948 955,071
Income before income tax 112,349 171,842
Income tax expense 36,935 56,494
Net income $ 75,414 $ 115,348