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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Premium income $ 74,717 $ 62,496 $ 220,420 $ 194,350
Fee income 237,501 172,005 462,778 338,518
Other revenue 1,820 0 3,640 0
Net investment income 220,169 319,610 579,025 619,633
Realized investment gains (losses), net:        
Total other-than-temporary gains (losses) 0 (1,241) (558) (1,929)
Other-than-temporary (gains) losses transferred to other comprehensive income (loss) 0 0 108 0
Other realized investment gains (losses), net 15,859 38,297 34,509 65,894
Total realized investment gains (losses), net 15,859 37,056 34,059 63,965
Total revenues 550,066 591,167 1,299,922 1,216,466
Benefits and expenses:        
Life and other policy benefits 160,485 159,058 310,024 308,947
Decrease in future policy benefits (43,059) (43,554) (25,708) (38,974)
Interest credited or paid to contractholders 143,761 135,182 286,652 267,315
Provision for policyholders’ share of losses on participating business (49) (128) (501) (479)
Dividends to policyholders 11,181 12,138 29,523 32,266
Total benefits 272,319 262,696 599,990 569,075
General insurance expenses 268,645 174,494 513,127 338,581
Amortization of DAC and VOBA 10,151 29,524 27,707 29,927
Interest expense 9,645 9,320 19,282 18,646
Total benefits and expenses 560,760 476,034 1,160,106 956,229
(Loss) income before income taxes (10,694) 115,133 139,816 260,237
Income tax (benefit) expense (3,679) 40,180 48,218 90,534
Net (loss) income $ (7,015) $ 74,953 $ 91,598 $ 169,703