XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Policy charge revenue $ 37,476 $ 37,039
Net investment income (loss) 27,944 26,452
Net realized investment gains (losses)    
Other-than-temporary impairment gains (losses) on securities   (3,548)
Portion of other-than-temporary impairments previously recognized in other comprehensive income (loss)   (121)
Net other-than-temporary impairment losses on securities recognized in income 0 (3,669)
Net realized investment gains (losses), excluding other-than-temporary impairment losses on securities 31 3,535
Net realized investment gains (losses) 31 (134)
Net derivative gains (losses) (24,228) 3,371
Total Revenues 41,223 66,728
Benefits and Expenses    
Interest credited to policyholder liabilities 12,983 14,030
Policy benefits (net of reinsurance recoveries: 2017 - $415 ; 2016 - $548) (9,490) 43,054
Amortization (accretion) of deferred policy acquisition costs 1,132 942
Amortization (accretion) of value of business acquired 2,364 5,380
Insurance, General and Administrative Expenses 8,843 9,926
Total Benefits and Expenses 15,832 73,332
Income (Loss) Before Taxes 25,391 (6,604)
Income Tax Expense (Benefit) 575 0
Net Income (Loss) $ 24,816 $ (6,604)