Income Taxes (Tables)

3 Months Ended

Mar. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of the provision for income taxes

The provision for income taxes is comprised of the following:

	Three Months Ended March 31,
	2018			2017
Current (benefit) expense	$	(15,771	)	$	12,959
Deferred expense	29,324			4,158
Total income tax provision	$	13,553		$	17,117

Schedule of reconciliation between the statutory federal income tax rate and the Company's effective federal income tax rate

The following table presents a reconciliation between the statutory federal income tax rate and the Company’s effective income tax rate:

	Three Months Ended March 31,
	2018		2017
Statutory federal income tax rate	21.0	%	35.0	%
Income tax effect of:
Investment income not subject to federal tax	(2.2	)%	(3.3	)%
Tax credits	(0.6	)%	(0.8	)%
State income taxes, net of federal benefit	2.8	%	1.8	%
Other, net	0.8	%	0.3	%
Effective income tax rate	21.8	%	33.0	%