XML 68 R57.htm IDEA: XBRL DOCUMENT v3.20.2
Reinsurance (Reinsurance amounts included in the Statement of Operations and Comprehensive Income (Loss)) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Premiums:        
Direct $ 484,577 $ 476,986 $ 960,063 $ 939,257
Assumed 47 52 95 106
Ceded (462,080) (464,621) (922,743) (912,952)
Net premiums 22,544 12,417 37,415 26,411
Policy charges and fee income:        
Direct 816,817 1,106,725 1,718,259 1,959,920
Assumed 131,579 128,748 264,083 255,707
Ceded (787,311) (1,086,802) (1,681,338) (1,927,767)
Net policy charges and fee income 161,085 148,671 301,004 287,860
Net investment income:        
Direct 84,946 106,949 166,038 201,507
Assumed 394 407 794 803
Ceded (1,878) (1,794) (3,789) (3,498)
Net investment income 83,462 105,562 163,043 198,812
Asset administration fees:        
Direct 84,330 87,951 173,659 171,819
Assumed 0 0 0 0
Ceded (80,028) (83,990) (164,969) (164,201)
Net asset administration fees 4,302 3,961 8,690 7,618
Other income:        
Direct 12,682 20,030 21,288 39,828
Assumed 408 (1,271) (29) (1,471)
Ceded 640 (39) 125 (62)
Amortization of reinsurance income 1,162 (3,722) 2,344 (2,340)
Net other income 14,892 14,998 23,728 35,955
Realized investment gains (losses), net:        
Direct 1,408,425 (1,783,941) (9,900,749) (2,419,452)
Assumed 0 0 0 0
Ceded (1,488,656) 1,731,691 9,910,413 2,318,567
Realized investment gains (losses), net (80,231) (52,250) 9,664 (100,885)
Policyholders’ benefits (including change in reserves):        
Direct 744,620 1,150,985 1,811,718 1,797,296
Assumed 208,315 282,961 569,770 494,711
Ceded (866,682) (1,387,655) (2,209,312) (2,206,238)
Net policyholders’ benefits (including change in reserves) 86,253 46,291 172,176 85,769
Interest credited to policyholders’ account balances:        
Direct 92,457 118,420 271,752 213,111
Assumed 34,020 34,512 68,256 65,169
Ceded (60,060) (102,222) (218,545) (183,373)
Net interest credited to policyholders’ account balances 66,417 50,710 121,463 94,907
Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization (139,336) (573,978) (882,247) (917,993)
Unaffiliated activity        
Premiums:        
Assumed 100 0 100 100
Ceded (2,600) (100) (5,100) (200)
Policy charges and fee income:        
Ceded (11,000) (7,000) (21,000) (12,000)
Other income:        
Assumed (400) (1,000) 0 (2,000)
Realized investment gains (losses), net:        
Ceded (29,000) 42,000 227,000 56,000
Policyholders’ benefits (including change in reserves):        
Assumed 500 0 600 (200)
Ceded $ (19,000) $ (2,000) $ (24,000) $ (4,000)