XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Premium income $ 78,155 $ 67,663 $ 222,836 $ 219,904
Fee income 286,696 267,338 562,660 522,453
Other revenue 3,077 3,661 6,062 6,045
Net investment income 327,471 297,221 665,612 610,691
Investment gains (losses), net 40,256 22,064 (3,487) 10,310
Total revenues 735,655 657,947 1,453,683 1,369,403
Benefits and expenses:        
Life and other policy benefits 166,613 166,995 354,157 337,283
Decrease in future policy benefits (77,381) (63,978) (99,390) (63,852)
Interest credited or paid to contractholders 164,397 157,544 325,680 311,490
Provision for policyholders’ share of losses on participating business (340) (62) (856) (64)
Dividends to policyholders 7,397 9,045 19,679 24,114
Total benefits 260,686 269,544 599,270 608,971
General insurance expenses 308,545 284,364 606,677 591,495
Amortization of DAC and VOBA 30,957 20,401 42,249 25,723
Interest expense 9,588 7,646 17,397 15,276
Total benefits and expenses 609,776 581,955 1,265,593 1,241,465
Income before income taxes 125,879 75,992 188,090 127,938
Income tax expense 27,251 26,168 40,804 43,286
Net income $ 98,628 $ 49,824 $ 147,286 $ 84,652