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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Premium income $ 146,100 $ 154,017 $ 377,845 $ 374,437
Fee income 246,413 225,242 709,844 688,020
Other revenue 3,228 1,820 9,747 5,460
Net investment income 291,539 363,057 979,080 942,082
Realized investment gains (losses), net:        
Total other-than-temporary gains (losses), net 0 (363) (536) (921)
Other-than-temporary (gains) losses, net, transferred to other comprehensive income (loss) 0 0 0 108
Other realized investment gains (losses), net 33,374 22,914 107,193 57,423
Total realized investment gains (losses), net 33,374 22,551 106,657 56,610
Total revenues 720,654 766,687 2,183,173 2,066,609
Benefits and expenses:        
Life and other policy benefits 172,855 176,926 529,985 486,950
Increase (decrease) in future policy benefits 7,540 20,226 (75,221) (5,482)
Interest credited or paid to contractholders 154,248 147,177 455,018 433,829
Provision for policyholders’ share of (losses) earnings on participating business (106) 44 (525) (457)
Dividends to policyholders 12,324 13,241 37,619 42,763
Total benefits 346,861 357,614 946,876 957,603
General insurance expenses 307,329 263,608 878,367 776,735
Amortization of DAC and VOBA 3,504 37,538 40,397 65,245
Interest expense 7,648 9,646 26,051 28,928
Total benefits and expenses 665,342 668,406 1,891,691 1,828,511
Income before income taxes 55,312 98,281 291,482 238,098
Income tax expense 15,295 30,708 79,043 78,926
Net income $ 40,017 $ 67,573 $ 212,439 $ 159,172