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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenue:      
Premiums and policy fees, net $ 1,605,227 $ 1,407,279 $ 1,449,591
Interest and similar income, net 4,522,219 4,325,737 4,175,469
Change in fair value of assets and liabilities 3,602,468 (178,238) (532,720)
Realized investment gains (losses), net 83,622 (49,325) 94,413
Fee and commission revenue 266,602 274,562 293,333
Other revenue 58,128 35,292 10,066
Total revenue 10,138,266 5,815,307 5,490,152
Benefits and expenses:      
Policyholder benefits, net of recoveries 361,285 472,611 531,615
Change in fair value of annuity and life embedded derivatives 4,962,770 275,808 588,595
Net interest credited to account values 1,805,184 1,634,759 1,482,884
Net benefits and expenses 7,129,239 2,383,178 2,603,094
Commissions and other agent compensation 1,084,430 1,333,439 1,167,109
General and administrative expenses 727,714 695,949 637,328
Change in deferred acquisition costs, net 274,363 259,407 239,259
Total benefits and expenses 9,215,746 4,671,973 4,646,790
Income (loss) from operations before income taxes 922,520 1,143,334 843,362
Income tax expense 208,557 355,156 243,066
Net income 713,963 788,178 600,296
Realized investment gains (losses), net:      
Total credit-related other-than-temporary impairment losses on securities (48,574) (174,823) (58,975)
Other net realized gains 132,196 125,498 153,388
Net realized investment gains (losses) $ 83,622 $ (49,325) $ 94,413