Income Taxes (Tables)

9 Months Ended

Sep. 30, 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 September 30,					Nine Months Ended September 30,
	2018		2017			2018		2017
Current expense	$	1,387	$	27,585		$	7,943	$	58,845
Deferred expense	15,900		(5,897		)	50,148		6,128
Total income tax provision	$	17,287	$	21,688		$	58,091	$	64,973

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:

	Nine Months Ended September 30,
	2018		2017
Statutory federal income tax rate	21.0	%	35.0	%
Income tax effect of:
Investment income not subject to federal tax	(2.3	)%	(3.9	)%
Tax credits	(0.6	)%	(0.3	)%
State income taxes, net of federal benefit	2.7	%	2.8	%
Other, net	0.2	%	(0.5	)%
Effective income tax rate	21.0	%	33.1	%