XML 65 R55.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Information (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
Jun. 30, 2016
USD ($)
segment
Jun. 30, 2015
USD ($)
Financial information of the segments        
Number of reportable segments | segment     3  
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 42,013 15,859 73,283 34,059
Total revenues 716,320 550,066 1,462,516 1,299,922
Benefits and expenses:        
Policyholder benefits 263,271 272,319 600,015 599,990
Operating expenses 339,540 288,441 626,332 560,116
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
Operating Segments | Individual Markets        
Revenues        
Premium income 51,053 51,253 184,339 176,215
Fee income 25,546 24,967 48,269 46,469
Other revenue 0 0 0 0
Net investment income 226,193 155,658 433,886 373,311
Realized investment gains (losses), net 14,771 3,552 26,577 11,952
Total revenues 317,563 235,430 693,071 607,947
Benefits and expenses:        
Policyholder benefits 201,472 198,590 468,969 454,914
Operating expenses 54,010 31,424 91,231 67,363
Total benefits and expenses 255,482 230,014 560,200 522,277
Income (loss) before income taxes 62,081 5,416 132,871 85,670
Income tax expense (benefit) 21,247 1,501 45,081 29,724
Net income (loss) 40,834 3,915 87,790 55,946
Operating Segments | Empower Retirement        
Revenues        
Premium income 362 16 707 16
Fee income 211,414 211,532 412,336 414,353
Other revenue 3,370 1,820 6,519 3,640
Net investment income 117,055 51,079 227,589 178,809
Realized investment gains (losses), net 27,242 12,211 46,713 22,011
Total revenues 359,443 276,658 693,864 618,829
Benefits and expenses:        
Policyholder benefits 51,939 47,748 101,856 96,792
Operating expenses 266,857 240,176 498,500 461,206
Total benefits and expenses 318,796 287,924 600,356 557,998
Income (loss) before income taxes 40,647 (11,266) 93,508 60,831
Income tax expense (benefit) 14,486 (3,614) 15,137 20,766
Net income (loss) 26,161 (7,652) 78,371 40,065
Operating Segments | Other        
Revenues        
Premium income 25,403 23,448 46,699 44,189
Fee income 1,404 1,002 2,824 1,956
Other revenue 0 0 0 0
Net investment income 12,507 13,432 26,065 26,905
Realized investment gains (losses), net 0 96 (7) 96
Total revenues 39,314 37,978 75,581 73,146
Benefits and expenses:        
Policyholder benefits 9,860 25,981 29,190 48,284
Operating expenses 18,673 16,841 36,601 31,547
Total benefits and expenses 28,533 42,822 65,791 79,831
Income (loss) before income taxes 10,781 (4,844) 9,790 (6,685)
Income tax expense (benefit) 3,977 (1,566) 3,530 (2,272)
Net income (loss) $ 6,804 $ (3,278) $ 6,260 $ (4,413)