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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Premium income $ 144,682 $ 152,241
Fee income 275,964 255,116
Other revenue 2,985 2,384
Net investment income 338,141 313,471
Investment (losses) gains, net (43,743) (11,754)
Total revenues 718,029 711,458
Benefits and expenses:    
Life and other policy benefits 187,544 170,289
(Decrease) increase in future policy benefits (22,008) 126
Interest credited or paid to contractholders 161,283 153,946
Provision for policyholders’ share of losses on participating business (516) (2)
Dividends to policyholders 12,282 15,069
Total benefits 338,585 339,428
General insurance expenses 298,132 307,131
Amortization of DAC and VOBA 11,292 5,322
Interest expense 7,809 7,630
Total benefits and expenses 655,818 659,511
Income before income taxes 62,211 51,947
Income tax expense 13,553 17,117
Net income $ 48,658 $ 34,830