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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues      
Premium income $ 465,349 $ 445,550 $ 446,395
Fee income 956,817 944,526 729,179
Other revenue 12,261 13,563 7,506
Net investment income 1,276,559 1,254,430 1,228,388
Realized investment gains (losses), net:      
Total other-than-temporary losses (4,963) (1,044) (4,334)
Other-than-temporary (gains) losses transferred to other comprehensive income 0 (78) 0
Other realized investment gains (losses), net 97,845 84,832 151,705
Total realized investment gains (losses), net 92,882 83,710 147,371
Total revenues 2,803,868 2,741,779 2,558,839
Benefits and expenses:      
Life and other policy benefits 709,333 636,855 643,420
Decrease in future policy benefits (124,576) (41,636) (56,073)
Interest paid or credited to contractholders 608,803 583,319 575,400
Provision for policyholders’ share of losses on participating business (1,024) (1,267) (1,041)
Dividends to policyholders 48,487 57,356 60,739
Total benefits 1,241,023 1,234,627 1,222,445
General insurance expenses 1,181,227 1,078,996 780,991
Amortization of DAC and VOBA 31,309 100,589 44,845
Interest expense 33,705 38,588 37,286
Total benefits and expenses 2,487,264 2,452,800 2,085,567
Total before tax 316,604 288,979 473,272
Income tax expense 85,512 98,524 155,903
Net income $ 231,092 $ 190,455 $ 317,369