Consolidated Statements of Operations (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015		Mar. 31, 2014
Revenues:
Premiums and other considerations	$ 6,997		$ 7,331
Annuity product charges	28,682		25,272
Net investment income	399,669		370,005
Change in fair value of derivatives	(31,100)		48,493
Net realized gains (losses) on investments, excluding other than temporary impairment (OTTI) losses	4,879		(714)
OTTI losses on investments:
Total OTTI losses	(132)		0
Portion of OTTI losses recognized from other comprehensive income	0		(905)
Net OTTI losses recognized in operations	(132)		(905)
Loss on extinguishment of debt	0		(3,977)
Total revenues	408,995		445,505
Benefits and expenses:
Insurance policy benefits and change in future policy benefits	9,220		10,095
Interest sensitive and index product benefits	282,825		317,192
Amortization of deferred sales inducements	10,953		666
Change in fair value of embedded derivatives	51,213		92,619
Interest expense on notes payable	7,339		10,264
Interest expense on subordinated debentures	3,016		3,008
Amortization of deferred policy acquisition costs	14,286		7,194
Other operating costs and expenses	21,122		19,085
Total benefits and expenses	399,974		460,123
Income (loss) before income taxes	9,021		(14,618)
Income tax expense (benefit)	3,118		(4,865)
Net income (loss)	$ 5,903		$ (9,753)
Earnings (loss) per common share	$ 0.08		$ (0.13)
Earnings (loss) per common share - assuming dilution	$ 0.07		$ (0.13)
Weighted average common shares outstanding: earnings (loss) per common share	77,041,704	[1]	72,518,574	[1]
Weighted average common shares outstanding: earnings (loss) per common share - assuming dilution	79,118,034		79,615,779

[1] Weighted average common shares outstanding include shares vested under the NMO Deferred Compensation Plan and exclude unallocated shares held by the ESOP.