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Consolidated Statements of Operations - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenue:          
Premiums $ 123,490 $ 119,980 $ 244,226 $ 241,704 $ 235,783
Policy fees 611,086 626,722 1,330,651 1,286,614 1,172,357
Premiums and policy fees, ceded (68,980) (62,850) (125,286) (120,221) (119,767)
Net premiums and policy fees 665,596 683,852 1,449,591 1,408,097 1,288,373
Interest and similar income, net 2,125,259 2,063,442 4,180,103 3,957,298 3,592,117
Change in fair value of assets and liabilities 798,430 (455,691) (532,720) 1,841,989 921,265
Realized investment (losses) gains, net (58,533) 49,067 94,413 77,762 188,297
Fee and commission revenue 138,535 147,112 293,333 282,058 261,926
Other revenue 13,728 5,184 10,066 29,762 44,853
Total revenue 3,683,015 2,492,966 5,494,786 7,596,966 6,296,831
Benefits and expenses:          
Policyholder benefits 394,083 513,137 1,031,440 689,319 834,552
Change in fair value of annuity and life embedded derivatives 2,058,758 (193,750) 588,595 4,955,984 1,598,061
Benefit recoveries (254,059) (247,418) (499,825) (371,608) (268,067)
Net interest credited to account values 860,491 833,173 1,482,884 602,130 1,539,473
Net benefits and expenses 3,059,273 905,142 2,603,094 5,875,825 3,704,019
Commissions and other agent compensation 723,631 591,147 1,167,109 1,537,224 978,316
General and administrative expenses 333,471 331,827 641,962 676,815 663,319
Change in deferred acquisition costs, net (304,633) 99,293 239,259 (673,086) 206,699
Total benefits and expenses 3,811,742 1,927,409 4,651,424 7,416,778 5,552,353
(Loss) income from operations before income taxes (128,727) 565,557 843,362 180,188 744,478
Income tax (benefit) expense:          
Current 417,752 89,821 551,052 265,586 42,854
Deferred (480,045) 82,291 (307,986) (240,863) 160,438
Total income tax (benefit) expense (62,293) 172,112 243,066 24,723 203,292
Net (loss) income (66,434) 393,445 600,296 155,465 541,186
Realized investment (losses), net:          
Total other-than-temporary impairment losses on securities (105,418) (21,286) (58,975) (6,445) (15,048)
Portion of loss recognized in other comprehensive income 0 0 0 0 0
Net impairment losses recognized in realized investment gains, net (105,418) (21,286) (58,975) (6,445) (15,048)
Other net realized gains 46,885 70,353 153,388 84,207 203,345
Realized investment (losses) gains, net $ (58,533) $ 49,067 $ 94,413 $ 77,762 $ 188,297