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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Premium income $ 130,953 $ 145,504 $ 353,790 $ 365,408
Fee income 290,790 264,304 853,450 786,758
Other revenue 3,078 3,322 9,140 9,367
Net investment income 322,425 300,582 988,037 911,274
Investment gains (losses), net 4,409 13,861 922 24,171
Total revenues 751,655 727,573 2,205,339 2,096,978
Benefits and expenses:        
Life and other policy benefits 180,698 161,017 534,856 498,300
(Decrease) increase in future policy benefits (13,058) 12,704 (112,448) (51,148)
Interest credited or paid to contractholders 166,903 160,040 492,583 471,531
Provision for policyholders’ share of losses on participating business (539) (1,033) (1,396) (1,097)
Dividends to policyholders 8,990 11,513 28,669 35,627
Total benefits 342,994 344,241 942,264 953,213
General insurance expenses 298,669 293,176 905,347 884,670
Amortization of DAC and VOBA 14,241 14,076 56,490 39,798
Interest expense 7,082 7,811 24,479 23,087
Total benefits and expenses 662,986 659,304 1,928,580 1,900,768
Income before income taxes 88,669 68,269 276,759 196,210
Income tax expense 17,287 21,688 58,091 64,973
Net income $ 71,382 $ 46,581 $ 218,668 $ 131,237