XML 94 R81.htm IDEA: XBRL DOCUMENT v3.8.0.1
OPERATING SEGMENTS (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
Summarized financial information for the company's segments      
Revenues $ 1,165,832 $ 1,105,297  
Pre-tax Adjusted Operating Income (Loss) 92,821 135,389  
Realized (losses) gains on investments and derivatives (1,023) (23,040)  
Income before income tax 91,798 112,349  
Income tax expense (17,686) (36,935)  
Net income 74,112 75,414  
Adjusted operating income tax (expense) benefit (18,044) (44,999)  
After-tax adjusted operating income 74,777 90,390  
Income tax benefit (expense) on adjustments 358 8,064  
Realized investment (losses) gains:      
Derivative financial instruments 78,059 (69,878)  
All other investments (87,599) 22,841  
Net impairment losses recognized in earnings (3,645) (7,831)  
Less: related amortization 9,156 (10,744)  
Less: VA GLWB economic cost (21,318) (21,084)  
Operating Segment Assets      
Investments and other assets 74,132,583   $ 75,973,148
DAC and VOBA 2,434,154   2,199,577
Other intangibles 651,707   663,572
Goodwill 793,470   793,470
Total assets 78,011,914   79,629,767
Life Marketing      
Summarized financial information for the company's segments      
Revenues 434,916 421,392  
Pre-tax Adjusted Operating Income (Loss) (17,849) 18,945  
Operating Segment Assets      
Investments and other assets 14,744,343   14,914,418
DAC and VOBA 1,374,149   1,320,776
Other intangibles 277,489   282,361
Goodwill 200,274   200,274
Total assets 16,596,255   16,717,829
Acquisitions      
Summarized financial information for the company's segments      
Revenues 379,094 401,367  
Pre-tax Adjusted Operating Income (Loss) 55,520 53,667  
Operating Segment Assets      
Investments and other assets 19,275,508   19,588,133
DAC and VOBA 90,466   74,862
Other intangibles 33,909   34,548
Goodwill 14,524   14,524
Total assets 19,414,407   19,712,067
Annuities      
Summarized financial information for the company's segments      
Revenues 150,713 108,642  
Pre-tax Adjusted Operating Income (Loss) 40,531 53,007  
Operating Segment Assets      
Investments and other assets 20,535,539   20,938,409
DAC and VOBA 800,941   772,634
Other intangibles 166,784   170,117
Goodwill 336,677   336,677
Total assets 21,839,941   22,217,837
Stable Value Products      
Summarized financial information for the company's segments      
Revenues 53,868 40,843  
Pre-tax Adjusted Operating Income (Loss) 29,080 23,899  
Operating Segment Assets      
Investments and other assets 4,571,793   4,569,639
DAC and VOBA 6,133   6,864
Other intangibles 7,889   8,056
Goodwill 113,813   113,813
Total assets 4,699,628   4,698,372
Asset Protection      
Summarized financial information for the company's segments      
Revenues 76,375 80,083  
Pre-tax Adjusted Operating Income (Loss) 6,218 5,599  
Operating Segment Assets      
Investments and other assets 1,016,586   918,952
DAC and VOBA 162,465   24,441
Other intangibles 130,573   133,234
Goodwill 128,182   128,182
Total assets 1,437,806   1,204,809
Corporate and Other      
Summarized financial information for the company's segments      
Revenues 70,866 52,970  
Pre-tax Adjusted Operating Income (Loss) (20,679) $ (19,728)  
Operating Segment Assets      
Investments and other assets 13,988,814   15,043,597
DAC and VOBA 0   0
Other intangibles 35,063   35,256
Goodwill 0   0
Total assets $ 14,023,877   $ 15,078,853