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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Statement of Comprehensive Income [Abstract]        
Net income $ 49,824 $ 73,799 $ 84,652 $ 172,421
Components of other comprehensive income        
Unrealized holding gains (losses), net, arising on available-for-sale fixed maturity investments 236,996 393,130 367,225 839,740
Unrealized holding gains (losses), net, arising on cash flow hedges (18,245) 6,102 (25,200) 4,498
Reclassification adjustment for (gains) losses, net, realized in net income (1,832) (28,635) (357) (51,091)
Net unrealized gains (losses) related to investments 216,919 370,597 341,668 793,147
Future policy benefits, DAC and VOBA adjustments (55,549) (96,531) (84,015) (172,771)
Employee benefit plan adjustment 2,146 2,234 4,292 4,468
Other comprehensive income before income taxes 163,516 276,300 261,945 624,844
Income tax expense related to items of other comprehensive income 57,231 96,704 91,681 218,695
Other comprehensive income (loss) [1] 106,285 179,596 170,264 406,149
Total comprehensive income $ 156,109 $ 253,395 $ 254,916 $ 578,570
[1] Other comprehensive income includes the non-credit component of impaired gains (losses), net, on fixed maturities available-for-sale in the amounts of $(520) and $(2,472) for the three months ended June 30, 2017, and 2016, respectively and $(1,609) and $(4,367) for the six months ended June 30, 2017, and 2016, respectively.