Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

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 (loss) before federal income tax and other items by operating segments are summarized below (in thousands):


	Three months ended March 31, 2020
							Property		Corporate
	Life		Annuity		Health		& Casualty		& Other		Total
PREMIUMS AND OTHER REVENUES
Premiums	$	89,516	$	15,509	$	43,086	$	388,657	$	—	$	536,768
Other policy revenues	75,540		4,065		—		—		—		79,605
Net investment income	45,575		41,541		2,233		16,085		9,850		115,284
Realized investment gains	—		—		—		—		4,148		4,148

Change in investment credit loss	—		—		—		—		(44,678)		(44,678)
Net losses on equity securities	—		—		—		—		(332,575)		(332,575)
Other income	736		638		4,527		3,733		1,499		11,133
Total premiums and other revenues	211,367		61,753		49,846		408,475		(361,756)		369,685
BENEFITS, LOSSES AND EXPENSES
Policyholder benefits	110,466		34,802		—		—		—		145,268
Claims incurred	—		—		34,885		229,709		—		264,594
Interest credited to policyholders’ account balances	(1,903)		(2,420)		—		—		—		(4,323)
Commissions for acquiring and servicing policies	39,467		10,248		8,024		72,696		—		130,435
Other operating expenses	47,480		11,876		10,629		53,004		10,937		133,926
Change in deferred policy acquisition costs	(7,838)		7,286		(23)		(1,097)		—		(1,672)
Total benefits, losses and expenses	187,672		61,792		53,515		354,312		10,937		668,228
Income (loss) before federal income tax and other items	$	23,695	$	(39)	$	(3,669)	$	54,163	$	(372,693)	$	(298,543)


	Three months ended March 31, 2019
							Property		Corporate
	Life		Annuity		Health		& Casualty		& Other		Total
PREMIUMS AND OTHER REVENUES
Premiums	$	86,468	$	39,907	$	38,681	$	371,181	$	—	$	536,237
Other policy revenues	70,244		4,004		—		—		—		74,248
Net investment income	68,756		190,711		2,420		15,022		15,437		292,346
Realized investment gains	—		—		—		—		2,947		2,947


Net gains on equity securities	—		—		—		—		206,377		206,377
Other income	676		689		5,385		2,722		2,066		11,538
Total premiums and other revenues	226,144		235,311		46,486		388,925		226,827		1,123,693
BENEFITS, LOSSES AND EXPENSES
Policyholder benefits	109,465		58,761		—		—		—		168,226
Claims incurred	—		—		25,767		238,144		—		263,911
Interest credited to policyholders’ account balances	20,319		120,915		—		—		—		141,234
Commissions for acquiring and servicing policies	37,742		26,866		6,878		67,159		—		138,645
Other operating expenses	48,978		12,474		10,992		51,885		9,281		133,610
Change in deferred policy acquisition costs	(4,835)		(3,020)		807		417		—		(6,631)
Total benefits, losses and expenses	211,669		215,996		44,444		357,605		9,281		838,995
Income before federal income tax and other items	$	14,475	$	19,315	$	2,042	$	31,320	$	217,546	$	284,698