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Consolidated Statement of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUES      
Premiums $ 77,634 $ 66,206 $ 56,851
Policy charges and fee income 2,159,428 2,074,852 1,880,925
Net investment income 416,587 404,018 419,011
Asset administration fees 362,321 377,127 332,288
Other income 55,515 57,827 20,149
Realized investment gains (losses), net:      
Other-than-temporary impairments on fixed maturity securities (1,514) (483) (12,268)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income 51 356 7,827
Other realized investment gains (losses), net (207,075) 114,194 (9,009)
Total realized investment gains (losses), net (208,538) 114,067 (13,450)
TOTAL REVENUES 2,862,947 3,094,097 2,695,774
BENEFITS AND EXPENSES      
Policyholders’ benefits 291,185 343,714 178,924
Interest credited to policyholders’ account balances 374,211 368,315 45,737
Amortization of deferred policy acquisition costs 662,644 436,169 (524,311)
General, administrative and other expenses 1,030,014 1,019,723 890,794
TOTAL BENEFITS AND EXPENSES 2,358,054 2,167,921 591,144
INCOME FROM OPERATIONS BEFORE INCOME TAXES 504,893 926,176 2,104,630
Total income tax expense (benefit) (8,005) 140,373 566,420
NET INCOME 512,898 785,803 1,538,210
Other comprehensive income (loss), before tax:      
Foreign currency translation adjustments (507) (723) 224
Unrealized investment gains (losses) for the period (164,799) 207,134 (290,636)
Reclassification adjustment for (gains) losses included in net income (9,902) (18,649) (33,920)
Net unrealized investment gains (losses) (174,701) 188,485 (324,556)
Other comprehensive income (loss), before tax (175,208) 187,762 (324,332)
Less: Income tax expense (benefit) related to:      
Foreign currency translation adjustments (177) (253) 78
Net unrealized investment gains (losses) (61,145) 65,970 (113,595)
Total (61,322) 65,717 (113,517)
Other comprehensive income (loss), net of tax (113,886) 122,045 (210,815)
COMPREHENSIVE INCOME $ 399,012 $ 907,848 $ 1,327,395