XML 17 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
Policy charge revenue $ 149,994 $ 151,446 $ 166,746
Net investment income (loss) 107,527 111,149 112,184
Net realized investment gains (losses)      
Other-than-temporary impairment gains (losses) on securities   (4,563) (1,764)
Portion of other-than-temporary impairments previously recognized in other comprehensive income (loss)   (121) (109)
Net other-than-temporary impairment losses on securities recognized in income   (4,684) (1,873)
Net realized investment gains (losses), excluding other- than-temporary impairment losses on securities 8,404 5,142 3,563
Net realized investment gains (losses) 8,404 458 1,690
Net derivative gains (losses) (49,085) (90,238) (37,457)
Total Revenues 216,840 172,815 243,163
Benefits and Expenses      
Interest credited to policyholder liabilities 52,299 55,015 54,914
Policy benefits (net of reinsurance recoveries: 2017 - $1,667; 2016 - $3,773; 2015 - $2,321) 2,499 65,067 105,246
Amortization (accretion) of deferred policy acquisition costs 3,716 3,680 3,783
Amortization (accretion) of value of business acquired 15,919 32,482 22,364
Insurance, General and Administrative Expenses 40,618 38,103 47,916
Total Benefits and Expenses 115,051 194,347 234,223
Income (Loss) Before Taxes 101,789 (21,532) 8,940
Income Tax Expense (Benefit) 2,384 (1,005) (4,718)
Net Income (Loss) $ 99,405 $ (20,527) $ 13,658