XML 73 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Investments:    
Fixed-maturity securities available-for-sale, at fair value (amortized cost: $1,667,500 in 2014 and $1,663,022 in 2013) $ 1,759,120us-gaap_AvailableForSaleSecuritiesDebtSecurities [1] $ 1,755,712us-gaap_AvailableForSaleSecuritiesDebtSecurities [2]
Fixed-maturity securities held-to-maturity, at amortized cost (fair value: $228,809 in 2014 and $0 in 2013) 220,000us-gaap_HeldToMaturitySecurities  
Equity securities available-for-sale, at fair value (cost: $43,738 in 2014 and $32,592 in 2013) 53,390us-gaap_AvailableForSaleSecuritiesEquitySecurities 39,894us-gaap_AvailableForSaleSecuritiesEquitySecurities
Trading securities, at fair value (cost: $7,710 in 2014 and $13,025 in 2013) 7,711us-gaap_TradingSecurities 12,991us-gaap_TradingSecurities
Policy loans 28,095us-gaap_LoansInsurancePolicy 26,806us-gaap_LoansInsurancePolicy
Total investments 2,068,316us-gaap_Investments 1,835,403us-gaap_Investments
Cash and cash equivalents 192,516us-gaap_CashAndCashEquivalentsAtCarryingValue 149,189us-gaap_CashAndCashEquivalentsAtCarryingValue
Accrued investment income 17,401us-gaap_AccruedInvestmentIncomeReceivable 18,127us-gaap_AccruedInvestmentIncomeReceivable
Due from reinsurers 4,115,533us-gaap_ReinsuranceRecoverables 4,055,054us-gaap_ReinsuranceRecoverables
Deferred policy acquisition costs, net 1,351,180us-gaap_DeferredPolicyAcquisitionCosts 1,208,466us-gaap_DeferredPolicyAcquisitionCosts
Premiums and other receivables 181,660us-gaap_PremiumsAndOtherReceivablesNet 175,785us-gaap_PremiumsAndOtherReceivablesNet
Intangible assets, net 61,720us-gaap_IntangibleAssetsNetExcludingGoodwill 68,863us-gaap_IntangibleAssetsNetExcludingGoodwill
Deferred income taxes 36,082us-gaap_DeferredTaxAssetsLiabilitiesNet 32,450us-gaap_DeferredTaxAssetsLiabilitiesNet
Other assets 273,403us-gaap_OtherAssets 282,784us-gaap_OtherAssets
Separate account assets 2,440,303us-gaap_SeparateAccountAssets 2,503,829us-gaap_SeparateAccountAssets
Total assets 10,738,114us-gaap_Assets 10,329,950us-gaap_Assets
Liabilities:    
Future policy benefits 5,264,608us-gaap_LiabilityForFuturePolicyBenefits 5,063,103us-gaap_LiabilityForFuturePolicyBenefits
Unearned premiums 912us-gaap_UnearnedPremiums 1,802us-gaap_UnearnedPremiums
Policy claims and other benefits payable 264,832us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense 253,304us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense
Other policyholders’ funds 344,313us-gaap_OtherPolicyholderFunds 337,977us-gaap_OtherPolicyholderFunds
Notes payable 374,532us-gaap_NotesPayable 374,481us-gaap_NotesPayable
Surplus note 220,000us-gaap_SurplusNotes  
Current income tax payable 15,014us-gaap_AccruedIncomeTaxesCurrent 15,019us-gaap_AccruedIncomeTaxesCurrent
Deferred income taxes 125,453us-gaap_DeferredTaxLiabilities 90,866us-gaap_DeferredTaxLiabilities
Other liabilities 392,810us-gaap_OtherLiabilities 377,690us-gaap_OtherLiabilities
Payable under securities lending 50,211us-gaap_ObligationToReturnSecuritiesReceivedAsCollateral 89,852us-gaap_ObligationToReturnSecuritiesReceivedAsCollateral
Separate account liabilities 2,440,303us-gaap_SeparateAccountsLiability 2,503,829us-gaap_SeparateAccountsLiability
Commitments and contingent liabilities (see Commitments and Contingent Liabilities note)      
Total liabilities 9,492,988us-gaap_Liabilities 9,107,923us-gaap_Liabilities
Stockholders’ equity:    
Common stock ($0.01 par value; authorized 500,000 in 2014 and 2013; issued and outstanding 52,169 shares in 2014 and 54,834 shares in 2013) 522us-gaap_CommonStockValue 548us-gaap_CommonStockValue
Paid-in capital 353,337us-gaap_AdditionalPaidInCapitalCommonStock 472,633us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings 795,740us-gaap_RetainedEarningsAccumulatedDeficit 640,840us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive income (loss), net of income tax:    
Unrealized foreign currency translation gains (losses) 21,681us-gaap_AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax 41,974us-gaap_AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
Net unrealized investment gains (losses):    
Net unrealized investment gains not other-than-temporarily impaired 74,308us-gaap_AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax 67,379us-gaap_AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
Net unrealized investment losses other-than-temporarily impaired (462)us-gaap_AccumulatedOtherComprehensiveIncomeLossOtherThanTemporaryImpairmentNotCreditLossNetOfTaxAvailableforsaleDebtSecurities (1,347)us-gaap_AccumulatedOtherComprehensiveIncomeLossOtherThanTemporaryImpairmentNotCreditLossNetOfTaxAvailableforsaleDebtSecurities
Total stockholders’ equity 1,245,126us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 1,222,027us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and stockholders’ equity $ 10,738,114us-gaap_LiabilitiesAndStockholdersEquity $ 10,329,950us-gaap_LiabilitiesAndStockholdersEquity
[1] Includes approximately $0.7 million of other-than-temporary impairment losses related to corporates and mortgage- and asset-backed securities recognized in accumulated other comprehensive income.
[2] Includes approximately $2.1 million of other-than-temporary impairment losses related to corporates and mortgage- and asset-backed securities recognized in accumulated other comprehensive income.