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Condensed Consolidated Statements of Income (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Premium income $ 169,543 $ 137,401 $ 363,893 $ 382,080
Fee income 181,991 152,343 520,509 453,596
Other revenue 0 0 0 7,355
Net investment income 292,061 375,041 911,694 909,006
Realized investment gains (losses), net:        
Total other-than-temporary gains (losses) (2,405) 0 (4,334) (61)
Other-than-temporary (gains) losses transferred to other comprehensive income (loss) 0 0 0 (434)
Other realized investment gains (losses), net 25,935 (55,820) 91,829 (64,900)
Total realized investment gains (losses), net 23,530 (55,820) 87,495 (65,395)
Total revenues 667,125 608,965 1,883,591 1,686,642
Benefits and expenses:        
Life and other policy benefits 163,713 161,908 472,660 471,544
Increase (decrease) in future policy benefits 26,922 26,209 (12,052) 38,495
Interest credited or paid to contractholders 156,420 131,401 423,736 380,128
Provision for policyholders’ share of (losses) earnings on participating business (389) (506) (868) 3,990
Dividends to policyholders 15,325 15,452 47,591 50,172
Total benefits 361,991 334,464 931,067 944,329
General insurance expenses 194,344 160,120 532,923 482,302
Amortization of DAC and VOBA 11,179 (211) 41,106 30,091
Interest expense 9,320 9,334 27,966 28,008
Total benefits and expenses 576,834 503,707 1,533,062 1,484,730
Income before income taxes 90,291 105,258 350,529 201,912
Income tax expense 29,790 33,287 120,324 67,159
Net income $ 60,501 $ 71,971 $ 230,205 $ 134,753