XML 70 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Earnings (Loss) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Premiums and other revenues:    
Universal life and annuity contract charges $ 35,306 $ 37,953
Traditional life premiums 23,522 17,583
Net investment income (loss) (13,478) 151,331
Other revenues 3,653 6,413
Net realized investment gains (losses):    
Total other-than-temporary impairment (“OTTI”) gains (losses) 2 3
Portion of OTTI (gains) losses recognized in other comprehensive income (2) (3)
Net OTTI losses recognized in earnings 0 0
Other net investment gains (losses) 3,485 4,629
Total net realized investment gains (losses) 3,485 4,629
Total revenues 52,488 217,909
Benefits and expenses:    
Life and other policy benefits 33,634 28,189
Amortization of deferred policy acquisition costs and value of business acquired 30,037 32,164
Universal life and annuity contract interest (28,026) 80,916
Other operating expenses 19,822 26,049
Total benefits and expenses 55,467 167,318
Earnings (loss) before Federal income taxes (2,979) 50,591
Federal income taxes (917) 10,393
Net earnings (loss) (2,062) 40,198
Class A    
Benefits and expenses:    
Net earnings (loss) $ (2,004) $ 39,061
Basic earnings (loss) per share:    
Earnings (loss) per share, basic (in dollars per share) $ (0.58) $ 11.37
Diluted earnings (loss) per share:    
Earnings (loss) per share, diluted (in dollars per share) $ (0.58) $ 11.37
Class B    
Benefits and expenses:    
Net earnings (loss) $ (58) $ 1,137
Basic earnings (loss) per share:    
Earnings (loss) per share, basic (in dollars per share) $ (0.29) $ 5.68
Diluted earnings (loss) per share:    
Earnings (loss) per share, diluted (in dollars per share) $ (0.29) $ 5.68