Segment and Other Operating Information (Tables)

3 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Summary of segment information, by quarter

A summary of segment information as of March 31, 2018 and December 31, 2017 for the Condensed Consolidated Balance Sheet items and for the three months ended March 31, 2018 and March 31, 2017 for the Condensed Consolidated Statement of Earnings is provided below.

Condensed Consolidated Balance Sheet Items:

	March 31, 2018
	Domestic Life Insurance		International Life Insurance	Annuities	All Others	Totals
				(In thousands)
Deferred policy acquisition costs and sales inducements	$	106,029	251,225	621,778	—	979,032
Total segment assets	1,125,889		1,231,846	9,155,547	395,648	11,908,930
Future policy benefits	964,219		906,855	8,121,125	—	9,992,199
Other policyholder liabilities	14,909		18,380	103,820	—	137,109

	December 31, 2017
	Domestic Life Insurance		International Life Insurance	Annuities	All Others	Totals
				(In thousands)
Deferred policy acquisition costs and sales inducements	$	101,253	250,128	603,700	—	955,081
Total segment assets	1,106,410		1,236,733	9,269,956	398,597	12,011,696
Future policy benefits	950,884		915,384	8,232,216	—	10,098,484
Other policyholder liabilities	13,643		11,318	103,048	—	128,009

Condensed Consolidated Statement of Earnings:

	Three Months Ended March 31, 2018
	Domestic Life Insurance			International  Life Insurance		Annuities	All  Others	Totals
						(In thousands)
Premiums and contract revenues	$	9,601		27,917		5,147	—	42,665
Net investment income	663			1,971		53,543	4,568	60,745
Other revenues	—			30		19	4,948	4,997
Total revenues	10,264			29,918		58,709	9,516	108,407
Life and other policy benefits	4,809			5,728		10,864	—	21,401
Amortization of deferred policy acquisition costs	2,675			7,380		22,174	—	32,229
Universal life and annuity contract interest	(2,861		)	(1,150	)	2,193	—	(1,818	)
Other operating expenses	5,147			5,381		7,935	5,170	23,633
Federal income taxes (benefit)	98			2,507		3,098	867	6,570
Total expenses	9,868			19,846		46,264	6,037	82,015
Segment earnings (loss)	$	396		10,072		12,445	3,479	26,392

	Three Months Ended March 31, 2017
	Domestic Life Insurance			International  Life Insurance	Annuities	All  Others	Totals
					(In thousands)
Premiums and contract revenues	$	8,849		31,500	5,236	—	45,585
Net investment income	19,590			18,619	126,434	7,099	171,742
Other revenues	13			26	26	4,440	4,505
Total revenues	28,452			50,145	131,696	11,539	221,832
Life and other policy benefits	4,919			6,285	8,553	—	19,757
Amortization of deferred acquisition costs	2,789			7,406	24,017	—	34,212
Universal life and annuity contract interest	16,247			16,382	77,264	—	109,893
Other operating expenses	4,732			5,978	10,060	4,322	25,092
Federal income taxes (benefit)	(79		)	4,724	3,956	2,419	11,020
Total expenses	28,608			40,775	123,850	6,741	199,974
Segment earnings (loss)	$	(156	)	9,370	7,846	4,798	21,858

Reconciliation of segment premiums and other revenues to condensed consolidated financial statements

Reconciliations of segment information to the Company's Condensed Consolidated Financial Statements are provided below.

	Three Months Ended March 31,
	2018		2017
	(In thousands)
Premiums and Other Revenues:
Premiums and contract revenues	$	42,665	45,585
Net investment income	60,745		171,742
Other revenues	4,997		4,505
Realized gains (losses) on investments	611		2,585
Total condensed consolidated premiums and other revenues	$	109,018	224,417

Reconciliation of segment federal income taxes to condensed consolidated financial statements

	Three Months Ended March 31,
	2018		2017
	(In thousands)
Federal Income Taxes:
Total segment Federal income taxes	$	6,570	11,020
Taxes on realized gains (losses) on investments	128		905
Total condensed consolidated Federal income taxes	$	6,698	11,925

Reconciliation of segment net earnings to condensed consolidated financial statements

	Three Months Ended March 31,
	2018		2017
	(In thousands)
Net Earnings:
Total segment earnings	$	26,392	21,858
Realized gains (losses) on investments, net of taxes	483		1,680
Total condensed consolidated net earnings	$	26,875	23,538

Reconciliation of segment assets to condensed consolidated financial statements

	March 31,		December 31,
	2018		2017
	(In thousands)
Assets:
Total segment assets	$	11,908,930	12,011,696
Other unallocated assets	217,388		213,398
Total condensed consolidated assets	$	12,126,318	12,225,094