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Consolidated Statements of Stockholder's Equity - USD ($)
$ in Thousands
Total
Common stock
Additional paid-in capital
Accumulated other comprehensive income (loss)
Retained earnings
Balances at Dec. 31, 2014 $ 2,137,513 $ 7,032 $ 777,664 $ 603,018 $ 749,799
Increase (Decrease) in Stockholder's Equity          
Net income 190,455       190,455
Other comprehensive loss, net of income taxes (369,580) [1]     (369,580)  
Dividends (139,533)       (139,533)
Common stock issuance 60,803 201 60,602    
Share-based compensation 1,655   1,655    
Income tax benefit on share-based compensation 953   953    
Balances at Dec. 31, 2015 1,882,266 7,233 840,874 233,438 800,721
Increase (Decrease) in Stockholder's Equity          
Net income 231,092       231,092
Other comprehensive loss, net of income taxes 2,437 [1]     2,437  
Dividends (125,691)       (125,691)
Common stock issuance 19,750 60 19,690    
Share-based compensation 2,190   2,190    
Income tax benefit on share-based compensation 277   277    
Balances at Dec. 31, 2016 2,012,321 7,293 863,031 235,875 906,122
Increase (Decrease) in Stockholder's Equity          
Net income 369,116       369,116
Other comprehensive loss, net of income taxes 126,937 [1]     126,937  
Impact of rate changes on deferred income taxes       78,145 (78,145)
Dividends (145,301)       (145,301)
Capital contribution [2] 76,429   76,429    
Common stock issuance 8,515 27 8,488    
Share-based compensation 1,572   1,572    
Balances at Dec. 31, 2017 $ 2,449,589 $ 7,320 $ 949,520 $ 440,957 $ 1,051,792
[1] Other comprehensive income (loss) includes the non-credit component of impaired losses on fixed maturities available-for-sale, net of future policy benefits, DAC and VOBA adjustments and income taxes, in the amounts of $(1,362), $(6,520), and $(6,596) for the years ended December 31, 2017, 2016, and 2015, respectively.
[2] In May 2017, the Company received a capital contribution from its parent, GWL&A Financial, in the amount of $76,429. No additional shares of the Company were issued in relation to this contribution.