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Revenue from Contracts with Customers (Tables)
3 Months Ended
Mar. 31, 2022
Revenue From Contract With Customer [Abstract]  
Summary of Disaggregation of Revenues from Contracts

The disaggregation of our revenues from contracts with customers were as follows:

 

 

Three months ended March 31,

 

 

 

 

2022

 

 

2021

 

 

 

 

(In thousands)

Term Life Insurance segment revenues:

 

 

 

 

 

 

 

 

 

  Other, net

 

$

12,175

 

 

$

11,810

 

 

    Total segment revenues from contracts with customers

 

 

12,175

 

 

 

11,810

 

 

  Revenues from sources other than contracts with customers

 

 

406,253

 

 

 

370,217

 

 

      Total Term Life Insurance segment revenues

 

$

418,428

 

 

$

382,027

 

 

 

 

 

 

 

 

 

 

 

 

Investment and Savings Products segment revenues:

 

 

 

 

 

 

 

 

 

  Commissions and fees

 

 

 

 

 

 

 

 

 

    Sales-based revenues

 

$

103,242

 

 

$

98,112

 

 

    Asset-based revenues

 

 

97,355

 

 

 

85,613

 

 

    Account-based revenues

 

 

21,541

 

 

 

21,120

 

 

  Other, net

 

 

3,144

 

 

 

2,949

 

 

      Total segment revenues from contracts with customers

 

 

225,282

 

 

 

207,794

 

 

  Revenues from sources other than contracts

    with customers (segregated funds)

 

 

15,757

 

 

 

15,628

 

 

        Total Investment and Savings Products segment revenues

 

$

241,039

 

 

$

223,422

 

 

 

 

 

 

 

 

 

 

 

 

Senior Health segment revenues:

 

 

 

 

 

 

 

 

 

  Commissions and fees

 

$

1,278

 

 

N/A

 

 

  Other, net

 

 

4,553

 

 

N/A

 

 

      Total Senior Health segment revenues

 

$

5,831

 

 

N/A

 

 

 

 

 

 

 

 

 

 

 

 

Corporate and Other Distributed Products segment revenues:

 

 

 

 

 

 

 

 

 

  Commissions and fees

 

$

12,627

 

 

$

13,571

 

 

  Other, net

 

 

1,117

 

 

 

836

 

 

    Total segment revenues from contracts with customers

 

 

13,744

 

 

 

14,407

 

 

  Revenues from sources other than contracts with customers

 

 

12,184

 

 

 

17,855

 

 

      Total Corporate and Other Distributed Products segment revenues

 

$

25,928

 

 

$

32,262

 

 

 

Summary of Renewal Commissions Receivable

Activity in the Renewal commissions receivable account was as follows:

 

 

Three months ended March 31,

 

 

 

 

2022

 

 

2021

 

 

 

 

(In thousands)

Senior Health segment:

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

172,308

 

 

N/A

 

 

Commissions revenue

 

 

12,849

 

 

N/A

 

 

Less: collections

 

 

(12,314

)

 

N/A

 

 

Tail revenue adjustments from change in estimate

 

 

(19,060

)

 

N/A

 

 

Balance, at the end of period

 

$

153,783

 

 

N/A

 

 

 

 

 

 

 

 

 

 

 

 

Corporate and Other Distributed Products segments:

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

59,443

 

 

$

54,845

 

 

Commissions revenue

 

 

5,643

 

 

 

6,262

 

 

Less: collections

 

 

(5,694

)

 

 

(5,402

)

 

Balance, at the end of period

 

$

59,392

 

 

$

55,705