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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Premium income $ 67,663 $ 76,818 $ 219,904 $ 231,745
Fee income 267,338 238,364 522,453 463,429
Other revenue 3,661 3,370 6,045 6,519
Net investment income 297,221 355,755 610,691 687,540
Realized investment gains (losses), net:        
Total other-than-temporary gains (losses), net (157) 0 (157) (536)
Other realized investment gains (losses), net 22,221 42,013 10,467 73,819
Total realized investment gains (losses), net 22,064 42,013 10,310 73,283
Total revenues 657,947 716,320 1,369,403 1,462,516
Benefits and expenses:        
Life and other policy benefits 166,995 170,492 337,283 357,129
Decrease in future policy benefits (63,978) (68,746) (63,852) (82,761)
Interest credited or paid to contractholders 157,544 152,460 311,490 300,770
Provision for policyholders’ share of losses on participating business (62) (249) (64) (418)
Dividends to policyholders 9,045 9,314 24,114 25,295
Total benefits 269,544 263,271 608,971 600,015
General insurance expenses 284,364 294,507 591,495 571,036
Amortization of DAC and VOBA 20,401 36,354 25,723 36,893
Interest expense 7,646 8,679 15,276 18,403
Total benefits and expenses 581,955 602,811 1,241,465 1,226,347
Income before income taxes 75,992 113,509 127,938 236,169
Income tax expense 26,168 39,710 43,286 63,748
Net income $ 49,824 $ 73,799 $ 84,652 $ 172,421