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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Premium income $ 145,504 $ 146,100 $ 365,408 $ 377,845
Fee income 264,304 246,413 786,758 709,844
Other revenue 3,322 3,228 9,367 9,747
Net investment income 300,582 291,539 911,274 979,080
Realized investment gains (losses), net:        
Total other-than-temporary gains (losses), net (2,969) 0 (3,126) (536)
Other realized investment gains (losses), net 16,830 33,374 27,297 107,193
Total realized investment gains (losses), net 13,861 33,374 24,171 106,657
Total revenues 727,573 720,654 2,096,978 2,183,173
Benefits and expenses:        
Life and other policy benefits 161,017 172,855 498,300 529,985
Increase (decrease) in future policy benefits 12,704 7,540 (51,148) (75,221)
Interest credited or paid to contractholders 160,040 154,248 471,531 455,018
Provision for policyholders’ share of losses on participating business (1,033) (106) (1,097) (525)
Dividends to policyholders 11,513 12,324 35,627 37,619
Total benefits 344,241 346,861 953,213 946,876
General insurance expenses 293,176 307,329 884,670 878,367
Amortization of DAC and VOBA 14,076 3,504 39,798 40,397
Interest expense 7,811 7,648 23,087 26,051
Total benefits and expenses 659,304 665,342 1,900,768 1,891,691
Income before income taxes 68,269 55,312 196,210 291,482
Income tax expense 21,688 15,295 64,973 79,043
Net income $ 46,581 $ 40,017 $ 131,237 $ 212,439