Segment and Other Operating Information (Tables)

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Summary of Segment Information, by Quarter

A summary of segment information for the quarters ended June 30, 2015 and June 30, 2014 is provided below.

Selected Segment Information:
	Domestic Life Insurance		International  Life Insurance		Annuities	All  Others	Totals
					(In thousands)
June 30, 2015
Condensed Consolidated Balance Sheet Items:
Deferred policy acquisition costs and sales inducements	$	70,561	254,785		657,108	—	982,454
Total segment assets	811,768		1,247,941		9,000,323	264,269	11,324,301
Future policy benefits	702,621		954,684		7,964,226	—	9,621,531
Other policyholder liabilities	11,846		16,398		115,537	—	143,781
Three Months Ended
June 30, 2015
Condensed Consolidated Income Statements:
Premiums and contract revenues	$	7,937	29,364		6,206	—	43,507
Net investment income	8,005		8,785		79,509	5,960	102,259
Other revenues	4		(25	)	4	5,211	5,194
Total revenues	15,946		38,124		85,719	11,171	150,960
Life and other policy benefits	3,882		5,587		6,651	—	16,120
Amortization of deferred acquisition costs	1,698		5,163		21,209	—	28,070
Universal life and annuity contract interest	5,460		6,927		37,044	—	49,431
Other operating expenses	3,442		5,212		5,434	4,714	18,802
Federal income taxes (benefit)	467		4,932		4,961	2,086	12,446
Total expenses	14,949		27,821		75,299	6,800	124,869
Segment earnings (loss)	$	997	10,303		10,420	4,371	26,091

	Domestic Life Insurance			International Life Insurance	Annuities	All Others	Totals
					(In thousands)
Six months ended
June 30, 2015
Condensed Consolidated Income Statements:
Premiums and contract revenues	$	14,424		59,697	11,046	—	85,167
Net investment income	15,170			17,399	158,745	10,868	202,182
Other revenues	20			61	19	10,423	10,523
Total revenues	29,614			77,157	169,810	21,291	297,872
Life and other policy benefits	8,995			11,792	14,599	—	35,386
Amortization of deferred acquisition costs	4,879			4,513	46,330	—	55,722
Universal life and annuity contract interest	10,399			14,057	74,014	—	98,470
Other operating expenses	7,157			11,134	11,612	9,409	39,312
Federal income taxes (benefit)	(584		)	11,477	7,484	3,824	22,201
Total expenses	30,846			52,973	154,039	13,233	251,091
Segment earnings (loss)	$	(1,232	)	24,184	15,771	8,058	46,781

Selected Segment Information:
	Domestic Life Insurance		International  Life Insurance	Annuities	All  Others	Totals
				(In thousands)
June 30, 2014
Condensed Consolidated Balance Sheet Items:
Deferred policy acquisition costs and sales inducements	$	57,354	238,211	638,108	—	933,673
Total segment assets	670,565		1,229,589	8,749,666	274,434	10,924,254
Future policy benefits	581,946		934,791	7,776,048	—	9,292,785
Other policyholder liabilities	13,259		12,399	124,056	—	149,714
Three Months Ended
June 30, 2014
Condensed Consolidated Income Statements:
Premiums and contract revenues	$	7,065	29,663	6,658	—	43,386
Net investment income	10,902		16,911	122,666	4,700	155,179
Other revenues	3		60	3	5,145	5,211
Total revenues	17,970		46,634	129,327	9,845	203,776
Life and other policy benefits	1,423		1,668	11,705	—	14,796
Amortization of deferred acquisition costs	1,780		8,808	16,670	—	27,258
Universal life and annuity contract interest	8,158		15,659	78,612	—	102,429
Other operating expenses	3,992		4,835	5,824	4,849	19,500
Federal income taxes (benefit)	851		4,963	5,227	1,561	12,602
Total expenses	16,204		35,933	118,038	6,410	176,585
Segment earnings (loss)	$	1,766	10,701	11,289	3,435	27,191

	Domestic Life Insurance		International Life Insurance	Annuities	All Others	Totals
				(In thousands)
Six months ended
June 30, 2014
Condensed Consolidated Income Statements:
Premiums and contract revenues	$	15,230	58,771	11,661	—	85,662
Net investment income	17,185		27,629	209,283	9,533	263,630
Other revenues	21		301	40	10,612	10,974
Total revenues	32,436		86,701	220,984	20,145	360,266
Life and other policy benefits	3,915		6,703	17,141	—	27,759
Amortization of deferred acquisition costs	4,180		15,553	36,104	—	55,837
Universal life and annuity contract interest	13,263		25,864	126,238	—	165,365
Other operating expenses	8,271		11,860	12,920	9,912	42,963
Federal income taxes (benefit)	916		8,722	9,329	3,342	22,309
Total expenses	30,545		68,702	201,732	13,254	314,233
Segment earnings (loss)	$	1,891	17,999	19,252	6,891	46,033

Reconciliation of Segment Premiums and Other Revenues to Condensed Consolidated Financial Statements

Reconciliations of segment information to the Company's condensed consolidated financial statements are provided below.

	Three Months Ended June 30,			Six Months Ended June 30,
	2015		2014	2015	2014
	(In thousands)
Premiums and Other Revenues:
Premiums and contract revenues	$	43,507	43,386	85,167	85,662
Net investment income	102,259		155,179	202,182	263,630
Other revenues	5,194		5,211	10,523	10,974
Realized gains (losses) on investments	4,258		3,065	5,236	4,578
Total condensed consolidated premiums and other revenues	$	155,218	206,841	303,108	364,844

Reconciliation of Segment Federal Income Taxes to Condensed Consolidated Financial Statements

	Three Months Ended June 30,			Six Months Ended June 30,
	2015		2014	2015	2014
	(In thousands)
Federal Income Taxes:
Total segment Federal income taxes	$	12,446	12,602	22,201	22,309
Taxes on realized gains (losses) on investments	1,491		1,073	1,833	1,602
Total condensed consolidated Federal income taxes	$	13,937	13,675	24,034	23,911

Reconciliation of Segment Net Earnings to Condensed Consolidated Financial Statements

	Three Months Ended June 30,			Six Months Ended June 30,
	2015		2014	2015	2014
	(In thousands)
Net Earnings:
Total segment earnings	$	26,091	27,191	46,781	46,033
Realized gains (losses) on investments, net of taxes	2,767		1,992	3,403	2,976
Total condensed consolidated net earnings	$	28,858	29,183	50,184	49,009

Reconciliation of Segment Assets to Condensed Consolidated Financial Statements

	June 30,
	2015		2014
	(In thousands)
Assets:
Total segment assets	$	11,324,301	10,924,254
Other unallocated assets	190,993		171,827
Total condensed consolidated assets	$	11,515,294	11,096,081