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Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Premiums and other revenues:        
Universal life and annuity contract charges $ 38,345 $ 38,217 $ 75,658 $ 76,222
Traditional life premiums 5,162 5,169 9,509 9,440
Net investment income 102,259 155,179 202,182 263,630
Other revenues 5,194 5,211 10,523 10,974
Net realized investment gains (losses):        
Total other-than-temporary impairment (“OTTI”) gains (losses) (2) 0 158 (32)
Portion of OTTI (gains) losses recognized in other comprehensive income (105) 0 (265) (3)
Net OTTI losses recognized in earnings (107) 0 (107) (35)
Other net investment gains (losses) 4,365 3,065 5,343 4,613
Total net realized investment gains (losses) 4,258 3,065 5,236 4,578
Total condensed consolidated premiums and other revenues 155,218 206,841 303,108 364,844
Benefits and expenses:        
Life and other policy benefits 16,120 14,796 35,386 27,759
Amortization of deferred policy acquisition costs 28,070 27,258 55,722 55,837
Universal life and annuity contract interest 49,431 102,429 98,470 165,365
Other operating expenses 18,802 19,500 39,312 42,963
Total benefits and expenses 112,423 163,983 228,890 291,924
Earnings before Federal income taxes 42,795 42,858 74,218 72,920
Federal income taxes 13,937 13,675 24,034 23,911
Net earnings 28,858 29,183 50,184 49,009
Common Class A [Member]        
Benefits and expenses:        
Net earnings $ 28,042 $ 28,358 $ 48,765 $ 47,623
Basic earnings per share:        
Earnings Per Share, Basic (in dollars per share) $ 8.16 $ 8.26 $ 14.19 $ 13.86
Diluted earnings per share:        
Earnings Per Share, Diluted (in dollars per share) $ 8.16 $ 8.25 $ 14.19 $ 13.86
Common Class B [Member]        
Benefits and expenses:        
Net earnings $ 816 $ 825 $ 1,419 $ 1,386
Basic earnings per share:        
Earnings Per Share, Basic (in dollars per share) $ 4.08 $ 4.13 $ 7.10 $ 6.93
Diluted earnings per share:        
Earnings Per Share, Diluted (in dollars per share) $ 4.08 $ 4.13 $ 7.10 $ 6.93