Segment Information (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Summary of Results of Operations Measured as Income Before Federal Income Taxes and Other Items by Operating Segments

The results of operations measured as the income before federal income tax and other items by operating segments are summarized below (in thousands):

	Three months ended September 30, 2019
								Property			Corporate
	Life			Annuity		Health		& Casualty			& Other		Total
PREMIUMS AND OTHER REVENUES
Premiums	$	93,079		$	41,305	$	40,676	$	382,784		$	—	$	557,844
Other policy revenues	72,446			4,338		—		—			—		76,784
Net investment income	61,961			141,684		2,381		16,357			24,237		246,620
Net realized investment gains	—			—		—		—			31,933		31,933
Net gains on equity securities	—			—		—		—			8,589		8,589
Other income	441			653		5,021		3,137			1,478		10,730
Total premiums and other revenues	227,927			187,980		48,078		402,278			66,237		932,500
BENEFITS, LOSSES AND EXPENSES
Policyholder benefits	113,652			59,699		—		—			—		173,351
Claims incurred	—			—		28,567		280,695			—		309,262
Interest credited to policyholders’ account balances	22,045			84,737		—		—			—		106,782
Commissions for acquiring and servicing policies	42,023			13,368		7,405		65,893			—		128,689
Other operating expenses	46,873			12,264		9,504		50,111			9,750		128,502
Change in deferred policy acquisition costs	(5,080		)	7,006		258		(636		)	—		1,548
Total benefits, losses and expenses	219,513			177,074		45,734		396,063			9,750		848,134
Income before federal income tax and other items	$	8,414		$	10,906	$	2,344	$	6,215		$	56,487	$	84,366

	Three months ended September 30, 2018
									Property			Corporate
	Life			Annuity			Health		& Casualty			& Other			Total
PREMIUMS AND OTHER REVENUES
Premiums	$	91,176		$	47,296		$	45,154	$	374,842		$	—		$	558,468
Other policy revenues	67,260			3,580			—		—			—			70,840
Net investment income	65,875			174,771			2,233		15,629			27,024			285,532
Net realized investment losses	—			—			—		—			(1,276		)	(1,276		)
Net gains on equity securities	—			—			—		—			126,495			126,495
Other income	492			624			6,631		3,399			1,031			12,177
Total premiums and other revenues	224,803			226,271			54,018		393,870			153,274			1,052,236
BENEFITS, LOSSES AND EXPENSES
Policyholder benefits	119,816			64,153			—		—			—			183,969
Claims incurred	—			—			29,751		272,885			—			302,636
Interest credited to policyholders’ account balances	19,537			113,881			—		—			—			133,418
Commissions for acquiring and servicing policies	39,813			18,515			8,516		72,135			—			138,979
Other operating expenses	45,467			11,350			10,829		45,277			5,838			118,761
Change in deferred policy acquisition costs	(4,458		)	(1,376		)	466		(3,426		)	—			(8,794		)
Total benefits, losses and expenses	220,175			206,523			49,562		386,871			5,838			868,969
Income before federal income tax and other items	$	4,628		$	19,748		$	4,456	$	6,999		$	147,436		$	183,267

	Nine months ended September 30, 2019
									Property			Corporate
	Life			Annuity			Health		& Casualty			& Other		Total
PREMIUMS AND OTHER REVENUES
Premiums	$	265,634		$	137,434		$	121,581	$	1,125,704		$	—	$	1,650,353
Other policy revenues	213,300			12,878			—		—			—		226,178
Net investment income	194,633			487,750			7,177		48,085			59,051		796,696
Net realized investment gains	—			—			—		—			24,975		24,975
Net gains on equity securities	—			—			—		—			282,026		282,026
Other income	1,586			1,916			15,940		8,689			4,511		32,642
Total premiums and other revenues	675,153			639,978			144,698		1,182,478			370,563		3,012,870
BENEFITS, LOSSES AND EXPENSES
Policyholder benefits	327,579			191,248			—		—			—		518,827
Claims incurred	—			—			81,042		790,447			—		871,489
Interest credited to policyholders’ account balances	57,561			314,142			—		—			—		371,703
Commissions for acquiring and servicing policies	120,646			63,373			22,975		201,635			—		408,629
Other operating expenses	142,520			38,087			31,203		151,677			28,158		391,645
Change in deferred policy acquisition costs	(19,120		)	(383		)	919		(3,807		)	—		(22,391		)
Total benefits, losses and expenses	629,186			606,467			136,139		1,139,952			28,158		2,539,902
Income before federal income tax and other items	$	45,967		$	33,511		$	8,559	$	42,526		$	342,405	$	472,968

	Nine months ended September 30, 2018
									Property			Corporate
	Life			Annuity			Health		& Casualty			& Other		Total
PREMIUMS AND OTHER REVENUES
Premiums	$	257,147		$	185,140		$	135,039	$	1,086,862		$	—	$	1,664,188
Other policy revenues	202,222			11,095			—		—			—		213,317
Net investment income	184,725			436,961			6,850		46,983			65,423		740,942
Net realized investment gains	—			—			—		—			4,775		4,775
Net gains on equity securities	—			—			—		—			150,487		150,487
Other income	1,759			1,980			18,597		7,726			3,911		33,973
Total premiums and other revenues	645,853			635,176			160,486		1,141,571			224,596		2,807,682
BENEFITS, LOSSES AND EXPENSES
Policyholder benefits	315,320			231,002			—		—			—		546,322
Claims incurred	—			—			90,201		795,501			—		885,702
Interest credited to policyholders’ account balances	56,848			252,846			—		—			—		309,694
Commissions for acquiring and servicing policies	118,724			78,874			23,658		212,156			—		433,412
Other operating expenses	144,606			34,522			31,277		138,244			24,453		373,102
Change in deferred policy acquisition costs	(18,150		)	(19,060		)	2,060		(10,726		)	—		(45,876		)
Total benefits, losses and expenses	617,348			578,184			147,196		1,135,175			24,453		2,502,356
Income before federal income tax and other items	$	28,505		$	56,992		$	13,290	$	6,396		$	200,143	$	305,326