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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Premium income $ 152,241 $ 154,927
Fee income 255,116 225,067
Other revenue 2,384 3,149
Net investment income 313,471 331,785
Realized investment gains (losses), net:    
Total other-than-temporary gains (losses), net 0 (536)
Other realized investment gains (losses), net (11,754) 31,806
Total realized investment gains (losses), net (11,754) 31,270
Total revenues 711,458 746,198
Benefits and expenses:    
Life and other policy benefits 170,289 186,636
Increase (decrease) in future policy benefits 126 (14,015)
Interest credited or paid to contractholders 153,946 148,310
Provision for policyholders’ share of (losses) earnings on participating business (2) (169)
Dividends to policyholders 15,069 15,981
Total benefits 339,428 336,743
General insurance expenses 307,131 276,528
Amortization of DAC and VOBA 5,322 539
Interest expense 7,630 9,724
Total benefits and expenses 659,511 623,534
Income before income taxes 51,947 122,664
Income tax expense 17,117 24,038
Net income $ 34,830 $ 98,626