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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Premiums and policy fees $ 889,166 $ 860,586
Reinsurance ceded (345,423) (316,076)
Net of reinsurance ceded 543,743 544,510
Net investment income 520,863 506,413
Realized investment gains (losses):    
Derivative financial instruments 78,059 (69,878)
All other investments (87,599) 22,841
Other-than-temporary impairment losses (691) (2,725)
Portion recognized in other comprehensive income (before taxes) (2,954) (5,106)
Net impairment losses recognized in earnings (3,645) (7,831)
Other income 114,411 109,242
Total revenues 1,165,832 1,105,297
Benefits and expenses    
Benefits and settlement expenses, net of reinsurance ceded: (2018 - $347,637; 2017 - $263,377) 786,802 749,642
Amortization of deferred policy acquisition costs and value of business acquired 57,981 20,519
Other operating expenses, net of reinsurance ceded: (2018 - $43,117; 2017 - $51,017) 229,251 222,787
Total benefits and expenses 1,074,034 992,948
Income before income tax 91,798 112,349
Income tax expense 17,686 36,935
Net income $ 74,112 $ 75,414