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Condensed Consolidated Statements of Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Premium income $ 76,818 $ 74,717 $ 231,745 $ 220,420
Fee income 238,364 237,501 463,429 462,778
Other revenue 3,370 1,820 6,519 3,640
Net investment income 355,755 220,169 687,540 579,025
Realized investment gains (losses), net:        
Total other-than-temporary gains (losses), net 0 0 (536) (558)
Other-than-temporary (gains) losses, net, transferred to other comprehensive income (loss) 0 0 0 108
Other realized investment gains (losses), net 42,013 15,859 73,819 34,509
Total realized investment gains (losses), net 42,013 15,859 73,283 34,059
Total revenues 716,320 550,066 1,462,516 1,299,922
Benefits and expenses:        
Life and other policy benefits 170,492 160,485 357,129 310,024
Decrease in future policy benefits (68,746) (43,059) (82,761) (25,708)
Interest credited or paid to contractholders 152,460 143,761 300,770 286,652
Provision for policyholders’ share of losses on participating business (249) (49) (418) (501)
Dividends to policyholders 9,314 11,181 25,295 29,523
Total benefits 263,271 272,319 600,015 599,990
General insurance expenses 294,507 268,645 571,036 513,127
Amortization of DAC and VOBA 36,354 10,151 36,893 27,707
Interest expense 8,679 9,645 18,403 19,282
Total benefits and expenses 602,811 560,760 1,226,347 1,160,106
Income (loss) before income taxes 113,509 (10,694) 236,169 139,816
Income tax expense (benefit) 39,710 (3,679) 63,748 48,218
Net income (loss) $ 73,799 $ (7,015) $ 172,421 $ 91,598