Segment and Geographical Information (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Summary of Assets and Profit or Loss by Segment

Notable information included in profit or loss by segment was as follows:

	Three months ended March 31,
	2022			2021
	(In thousands)
Revenues:
Term life insurance segment	$	418,428		$	382,027
Investment and savings products segment		241,039			223,422
Senior health segment		5,831		N/A
Corporate and other distributed products segment		25,928			32,262
Total revenues	$	691,226		$	637,711
Net investment income:
Term life insurance segment	$	11,445		$	8,253
Investment and savings products segment		-			-
Senior health segment		-		N/A
Corporate and other distributed products segment		7,460			11,799
Total net investment income	$	18,905		$	20,052
Amortization of DAC:
Term life insurance segment	$	81,883		$	62,584
Investment and savings products segment		3,925			3,275
Senior health segment		-		N/A
Corporate and other distributed products segment		255			246
Total amortization of DAC	$	86,063		$	66,105
Non-cash share-based compensation expense:
Term life insurance segment	$	2,125		$	1,988
Investment and savings products segment		1,204			1,208
Senior health segment		-		N/A
Corporate and other distributed products segment		9,108			8,457
Total non-cash share-based compensation expense	$	12,437		$	11,653
Income (loss) before income taxes:
Term life insurance segment	$	91,577		$	88,236
Investment and savings products segment		64,560			63,363
Senior health segment		(23,085	)	N/A
Corporate and other distributed products segment		(30,049	)		(23,290	)
Total income before income taxes	$	103,003		$	128,309

Total Assets by Segment

Total assets by segment were as follows:

	March 31, 2022		December 31, 2021
	(In thousands)
Assets:
Term life insurance segment	$	7,298,577	$	7,274,820
Investment and savings products segment (1)		2,818,660		2,920,271
Senior health segment		511,010		528,974
Corporate and other distributed products segment		5,306,566		5,399,158
Total assets	$	15,934,813	$	16,123,223

⁽¹⁾ The Investment and Savings Products segment includes assets held in separate accounts. Excluding separate accounts, the Investment and Savings Products segment assets were $121.8 million and $120.3 million as of March 31, 2022 and December 31, 2021, respectively.

Long Lived Assets and Continuing Operations by Country

Geographical Information. Results of operations by country and long-lived assets, primarily tangible assets reported in other assets in our unaudited condensed consolidated balance sheets and condensed consolidated statements of income, were as follows:

	Three months ended March 31,
	2022		2021
	(In thousands)
Revenues by country:
United States	$	586,153	$	538,944
Canada		105,073		98,767
Total revenues	$	691,226	$	637,711

	March 31, 2022		December 31, 2021
	(In thousands)
Long-lived assets by country:
United States	$	58,038	$	62,921
Canada		3,743		3,871
Other		210		230
Total long-lived assets	$	61,991	$	67,022