XML 87 R75.htm IDEA: XBRL DOCUMENT v3.19.2
Federal Income Taxes - Effective Income Tax Reconciliation (Detail) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Tax Disclosure [Abstract]        
Income tax expense before tax on equity in earnings of unconsolidated affiliates $ 21,819 $ 21,267 $ 81,606 $ 25,632
Tax on equity in earnings of unconsolidated affiliates 3,526 1,348 12,023 1,234
Total expected income tax expense at the statutory rate 25,345 22,615 93,629 26,866
Tax-exempt investment income (1,109) (836) (1,918) (1,679)
Deferred tax change 0 (600) 0 (909)
Dividend exclusion (860) (1,001) (1,781) (1,986)
Miscellaneous tax credits, net (3,299) (2,529) (4,991) (4,742)
Low income housing tax credit expense 1,783 1,252 2,941 2,504
Change in valuation allowance 165 2,700 165 2,700
Other items, net (77) 356 1,280 392
Provision for federal income taxes $ 21,948 $ 21,957 $ 89,325 $ 23,146
Income tax expense before tax on equity in earnings of unconsolidated affiliates, percentage 18.10% 20.00% 18.30% 20.00%
Tax on equity in earnings of unconsolidated affiliates, percentage 2.90% 1.00% 2.70% 1.00%
Total expected income tax expense at the statutory rate, percentage 21.00% 21.00% 21.00% 21.00%
Tax-exempt investment income, percentage (0.90%) (0.80%) (0.40%) (1.30%)
Deferred tax change, percentage 0.00% (0.60%) 0.00% (0.70%)
Dividend exclusion, percentage (0.70%) (0.90%) (0.40%) (1.60%)
Miscellaneous tax credits, net, percentage (2.70%) (2.30%) (1.10%) (3.70%)
Low income housing tax credit expense, percentage 1.50% 1.20% 0.60% 2.00%
Change in valuation allowance, percentage 0.10% 2.50% 0.00% 2.10%
Other items, net, percentage (0.10%) 0.30% 0.30% 0.30%
Provision for federal income tax before interest expense, percentage 18.20% 20.40% 20.00% 18.10%