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Consolidated Statements of Earnings - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Premiums and other revenues:      
Universal life and annuity contract charges $ 145,405 $ 149,721 $ 155,205
Traditional life premiums 92,542 90,248 18,291
Net investment income 417,202 555,492 349,077
Other revenues 18,522 17,486 20,603
Net realized investment gains:      
Total other-than-temporary impairment (“OTTI”) gains (losses) 5 (7,838) 12
Portion of OTTI (gains) losses recognized in other comprehensive income (5) (9) (12)
Net OTTI losses recognized in earnings 0 (7,847) 0
Other net investment gains 21,071 14,088 8,423
Total net realized investment gains 21,071 6,241 8,423
Total revenues 694,742 819,188 551,599
Benefits and expenses:      
Life and other policy benefits 131,337 137,342 65,297
Amortization of deferred policy acquisition costs and value of business acquired 140,503 116,802 114,771
Universal life and annuity contract interest 206,250 295,330 136,055
Other operating expenses 104,584 104,558 93,969
Total benefits and expenses 582,674 654,032 410,092
Earnings before Federal income taxes 112,068 165,156 141,507
Federal income taxes 19,756 33,540 24,749
Net earnings 92,312 131,616 116,758
Class A      
Benefits and expenses:      
Net earnings $ 89,701 $ 127,894 $ 113,456
Basic Earnings Per Share:      
Basic earnings per share (in dollars per share) $ 26.11 $ 37.22 $ 33.02
Diluted Earnings Per Share:      
Diluted earnings per share (in dollars per share) $ 26.11 $ 37.22 $ 33.02
Class B      
Benefits and expenses:      
Net earnings $ 2,611 $ 3,722 $ 3,302
Basic Earnings Per Share:      
Basic earnings per share (in dollars per share) $ 13.05 $ 18.61 $ 16.51
Diluted Earnings Per Share:      
Diluted earnings per share (in dollars per share) $ 13.05 $ 18.61 $ 16.51