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Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Premiums and other revenues:        
Universal life and annuity contract charges $ 37,840 $ 38,287 $ 112,703 $ 116,753
Traditional life premiums 24,099 4,209 65,492 13,282
Net investment income 108,456 175,553 388,211 358,100
Other revenues 3,273 5,111 13,652 15,396
Net realized investment gains (losses):        
Total other-than-temporary impairment (“OTTI”) gains (losses) (1,943) 3 (7,840) 9
Portion of OTTI (gains) losses recognized in other comprehensive income (2) (3) (7) (9)
Net OTTI losses recognized in earnings (1,945) 0 (7,847) 0
Other net investment gains (losses) 1,443 2,275 11,549 5,582
Total net realized investment gains (losses) (502) 2,275 3,702 5,582
Total revenues 173,166 225,435 583,760 509,113
Benefits and expenses:        
Life and other policy benefits 39,918 5,744 101,764 44,607
Amortization of deferred policy acquisition costs and value of business acquired 22,998 26,775 86,573 90,073
Universal life and annuity contract interest 59,445 124,145 200,500 183,316
Other operating expenses 25,813 24,037 77,196 72,467
Total benefits and expenses 148,174 180,701 466,033 390,463
Earnings before Federal income taxes 24,992 44,734 117,727 118,650
Federal income taxes 5,003 9,093 23,844 23,668
Net earnings 19,989 35,641 93,883 94,982
Class A        
Benefits and expenses:        
Net earnings $ 19,424 $ 34,633 $ 91,228 $ 92,296
Basic earnings per share:        
Earnings per share, basic (in dollars per share) $ 5.65 $ 10.08 $ 26.55 $ 26.86
Diluted earnings per share:        
Earnings per share, diluted (in dollars per share) $ 5.65 $ 10.08 $ 26.55 $ 26.86
Class B        
Benefits and expenses:        
Net earnings $ 565 $ 1,008 $ 2,655 $ 2,686
Basic earnings per share:        
Earnings per share, basic (in dollars per share) $ 2.83 $ 5.04 $ 13.28 $ 13.43
Diluted earnings per share:        
Earnings per share, diluted (in dollars per share) $ 2.83 $ 5.04 $ 13.28 $ 13.43