XML 104 R102.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Federal Income Taxes - Effective Income Tax Reconciliation (Detail) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Tax Disclosure [Abstract]                      
Income tax expense before tax on equity in earnings of unconsolidated affiliates                 $ 145,819 $ 29,643 $ 114,921
Tax on equity in earnings of unconsolidated affiliates                 21,735 4,469 30,336
Total expected income tax expense at the statutory rate                 167,554 34,112 145,257
Tax-exempt investment income                 (3,969) (3,323) (6,887)
Deferred tax change                 (519) (4,354) (217,622)
Dividend exclusion                 (3,628) (4,080) (8,701)
Miscellaneous tax credits, net                 (7,090) (7,802) (9,524)
Low income housing tax credit expense                 6,394 6,231 5,263
Change in valuation allowance                 383 2,700 0
Tax accrual adjustment                 5,350 (2,893) 0
Return to provision                 1,007 (20,301) 0
Other items, net                 (65) 1,155 1,905
Provision for federal income tax before interest expense                 165,417 1,445 (90,309)
Interest benefit                 0 0 (2,686)
Total provision (benefit) for federal income taxes $ 53,617 $ 22,475 $ 21,948 $ 67,377 $ (40,920) $ 19,219 $ 21,957 $ 1,189 $ 165,417 $ 1,445 $ (92,995)
Income tax expense before tax on equity in earnings of unconsolidated affiliates, percentage                 18.30% 18.20% 27.70%
Tax on equity in earnings of unconsolidated affiliates, percentage                 2.70% 2.80% 7.30%
Total expected income tax expense at the statutory rate, percentage                 21.00% 21.00% 35.00%
Tax-exempt investment income, percentage                 (0.50%) (2.00%) (1.70%)
Deferred tax change, percentage                 (0.10%) (2.70%) (52.40%)
Dividend exclusion, percentage                 (0.50%) (2.50%) (2.10%)
Miscellaneous tax credits, net, percentage                 (0.90%) (4.80%) (2.30%)
Low income housing tax credit expense, percentage                 0.80% 3.80% 1.30%
Change in valuation allowance, percentage                 0.00% 1.70% 0.00%
Tax accrual adjustment, percentage                 0.70% (1.80%) 0.00%
Return to provision, percentage                 0.10% (12.50%) 0.00%
Other items, net, percentage                 (0.10%) 0.60% 0.50%
Provision for federal income tax before interest expense, percentage                 20.50% 0.80% (21.70%)
Interest benefit, percentage                 0.00% 0.00% (0.60%)
Total provision (benefit) for federal income taxes, percentage                 20.50% 0.80% (22.30%)