Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Investment Contract And Life Policy Reserves

This table summarizes the Company’s investment contract and life policy reserves.

($ in thousands)	June 30, 2018		December 31, 2017
Investment contract reserves	$	4,498,302	$	4,452,972
Life policy reserves	1,135,867		1,120,763
Total	$	5,634,169	$	5,573,735

Accumulated Other Comprehensive Income (Loss)

The following tables reconcile these components.

($ in thousands)	Net Unrealized Investment Gains and Losses on Securities (1)(2)			Defined Benefit Plans (1)			Total (1)
Beginning balance, April 1, 2018	$	178,040		$	(13,217	)	$	164,823
Other comprehensive income (loss) before reclassifications	(52,873		)	—			(52,873		)
Amounts reclassified from accumulated other comprehensive income (loss)	429			—			429
Cumulative effect of change in accounting principle (3)	—			—			—
Net current period other comprehensive income (loss)	(52,444		)	—			(52,444		)
Ending balance, June 30, 2018	$	125,596		$	(13,217	)	$	112,379
Beginning balance, January 1, 2018	$	300,177		$	(13,217	)	$	286,960
Other comprehensive income (loss) before reclassifications	(162,412		)	—			(162,412		)
Amounts reclassified from accumulated other comprehensive income (loss)	2,872			—			2,872
Cumulative effect of change in accounting principle (3)	(15,041		)	—			(15,041		)
Net current period other comprehensive income (loss)	(174,581		)	—			(174,581		)
Ending balance, June 30, 2018	$	125,596		$	(13,217	)	$	112,379

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(1) All amounts are net of tax.

(2) The pretax amounts reclassified from AOCI, $(544) thousand and $(3,636) thousand, are included in Net investment gains (losses) and the related income tax expenses, $(115) thousand and $(764) thousand, are included in Income tax expense in the Consolidated Statements of Operations for the three and six month periods ended June 30, 2018, respectively.

(3) The Company adopted guidance on January 1, 2018 that resulted in reclassifying $15,041 thousand of after tax net unrealized gains on equity securities from AOCI to Retained earnings.

($ in thousands)	Net Unrealized Investment Gains and Losses on Securities (1)(2)			Defined Benefit Plans (1)			Total (1)
Beginning balance, April 1, 2017	$	198,271		$	(11,817	)	$	186,454
Other comprehensive income (loss) before reclassifications	46,303			—			46,303
Amounts reclassified from accumulated other comprehensive income (loss)	(1,064		)	—			(1,064		)
Net current period other comprehensive income	45,239			—			45,239
Ending balance, June 30, 2017	$	243,510		$	(11,817	)	$	231,693
Beginning balance, January 1, 2017	$	175,738		$	(11,817	)	$	163,921
Other comprehensive income (loss) before reclassifications	68,633			—			68,633
Amounts reclassified from accumulated other comprehensive income (loss)	(861		)	—			(861		)
Net current period other comprehensive income	67,772			—			67,772
Ending balance, June 30, 2017	$	243,510		$	(11,817	)	$	231,693

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(1) All amounts are net of tax.

(2) The pretax amounts reclassified from AOCI, $1,638 thousand and $1,325 thousand, are included in Net investment gains (losses) and the related income tax expenses, $574 thousand and $464 thousand, are included in Income tax expense (benefit) in the Consolidated Statements of Operations for the three and six month periods ended June 30, 2017, respectively.