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Federal Income Taxes - Components of Deferred Tax Assets and Liabilities (Detail) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
DEFERRED TAX ASSETS    
Invested assets, principally due to impairment losses $ 18,148 $ 23,570
Investment in real estate and other invested assets, principally due to investment valuation allowances 8,424 8,547
Policyholder funds, principally due to policy reserve discount 91,362 90,480
Policyholder funds, principally due to unearned premium reserve 24,586 23,001
Participating policyholders’ surplus 32,785 34,538
Pension 3,598 26,274
Commissions and other expenses 3,108 3,796
Other assets 9,756 15,745
Tax carryforwards 138 60
Gross deferred tax assets before valuation allowance 191,905 226,011
Valuation allowance (2,700) 0
Gross deferred tax assets after valuation allowance 189,205 226,011
DEFERRED TAX LIABILITIES    
Marketable securities, principally due to net unrealized gains 161,256 253,526
Investment in bonds, principally due to differences between GAAP and tax basis 13,088 12,547
Deferred policy acquisition costs, due to difference between GAAP and tax amortization methods 240,731 220,809
Property, plant and equipment, principally due to difference between GAAP and tax depreciation methods 22,204 19,203
Other liabilities 16,111 36,296
Gross deferred tax liabilities 453,390 542,381
Total net deferred tax liability $ 264,185 $ 316,370