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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
Premium income $ 439,731 $ 465,349 $ 445,550
Fee income 1,060,122 956,817 944,526
Other revenue 9,611 12,261 13,563
Net investment income 1,220,053 1,276,559 1,254,430
Realized investment gains (losses), net:      
Total other-than-temporary (losses) (4,152) (4,963) (1,044)
Other-than-temporary (losses) transferred to other comprehensive income 0 0 (78)
Other realized investment gains, net 50,555 97,845 84,832
Total realized investment gains, net 46,403 92,882 83,710
Total revenues 2,775,920 2,803,868 2,741,779
Benefits and expenses:      
Life and other policy benefits 651,597 709,333 636,855
Decrease in future policy benefits (84,251) (124,576) (41,636)
Interest paid or credited to contractholders 633,611 608,803 583,319
Provision for policyholders’ share of losses on participating business (1,669) (1,024) (1,267)
Dividends to policyholders 41,846 48,487 57,356
Total benefits 1,241,134 1,241,023 1,234,627
General insurance expenses 1,197,613 1,181,227 1,078,996
Amortization of DAC and VOBA 19,728 31,309 100,589
Interest expense 30,943 33,705 38,588
Total benefits and expenses 2,489,418 2,487,264 2,452,800
Income before income taxes 286,502 316,604 288,979
Income tax (benefit) expense (82,614) 85,512 98,524
Net income $ 369,116 $ 231,092 $ 190,455