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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Premium income $ 154,017 $ 169,543 $ 374,437 $ 363,893
Fee income 225,242 181,991 688,020 520,509
Other revenue 1,820 0 5,460 0
Net investment income 363,057 292,061 942,082 911,694
Realized investment gains (losses), net:        
Total other-than-temporary gains (losses), net (363) (2,405) (921) (4,334)
Other-than-temporary (gains) losses, net, transferred to other comprehensive income (loss) 0 0 108 0
Other realized investment gains (losses), net 22,914 25,935 57,423 91,829
Total realized investment gains (losses), net 22,551 23,530 56,610 87,495
Total revenues 766,687 667,125 2,066,609 1,883,591
Benefits and expenses:        
Life and other policy benefits 176,926 163,713 486,950 472,660
Increase (decrease) in future policy benefits 20,226 26,922 (5,482) (12,052)
Interest credited or paid to contractholders 147,177 156,420 433,829 423,736
Provision for policyholders’ share of earnings (losses) on participating business 44 (389) (457) (868)
Dividends to policyholders 13,241 15,325 42,763 47,591
Total benefits 357,614 361,991 957,603 931,067
General insurance expenses 263,608 194,344 776,735 532,923
Amortization of DAC and VOBA 37,538 11,179 65,245 41,106
Interest expense 9,646 9,320 28,928 27,966
Total benefits and expenses 668,406 576,834 1,828,511 1,533,062
Income before income taxes 98,281 90,291 238,098 350,529
Income tax expense 30,708 29,790 78,926 120,324
Net income $ 67,573 $ 60,501 $ 159,172 $ 230,205