Segment and Other Operating Information (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Summary of Segment Information

A summary of segment information is provided below.

	Domestic Life Insurance		International Life Insurance	Annuities	Acquired Businesses	All Others	Totals
	(In thousands)
2020:
Selected Balance Sheet Items:
Deferred policy acquisition costs, sales inducements, and value of business acquired	$	94,100	124,480	199,557	170,756	—	588,893
Total segment assets	3,242,794		1,034,280	7,976,588	1,117,509	382,149	13,753,320
Future policy benefits	1,337,174		798,952	7,028,860	768,433	—	9,933,419
Other policyholder liabilities	16,378		11,086	94,049	16,967	—	138,480
Condensed Income Statements:
Premiums and contract revenues	$	53,834	88,167	17,025	78,921	—	237,947
Net investment income	54,516		27,273	290,576	26,383	18,454	417,202
Other revenues	58		67	43	10,118	8,236	18,522
Total revenues	108,408		115,507	307,644	115,422	26,690	673,671
Life and other policy benefits	18,471		14,084	31,043	67,739	—	131,337
Amortization of deferred policy acquisition costs and value of business acquired	17,661		24,929	87,133	10,780	—	140,503
Universal life and annuity contract interest	44,782		(2,087)	163,555	—	—	206,250
Other operating expenses	25,730		17,829	36,870	18,454	5,701	104,584
Federal income taxes (benefit)	265		9,143	(1,649)	4,413	3,159	15,331
Total expenses	106,909		63,898	316,952	101,386	8,860	598,005
Segment earnings (loss)	$	1,499	51,609	(9,308)	14,036	17,830	75,666

	Domestic Life Insurance		International Life Insurance	Annuities	Acquired Businesses	All Others	Totals
	(In thousands)
2019:
Selected Balance Sheet Items:
Deferred policy acquisition costs, sales inducements, and value of business acquired	$	127,557	209,858	486,553	142,434	—	966,402
Total segment assets	1,399,818		1,153,105	8,198,730	978,243	362,900	12,092,796
Future policy benefits (1)	1,198,103		870,461	7,366,894	706,513	—	10,141,971
Other policyholder liabilities	18,016		14,903	80,002	14,686	—	127,607
Condensed Income Statements:
Premiums and contract revenues	$	45,709	99,417	20,317	74,526	—	239,969
Net investment income	77,672		47,004	380,357	22,593	27,866	555,492
Other revenues	313		86	(34)	8,445	8,676	17,486
Total revenues	123,694		146,507	400,640	105,564	36,542	812,947
Life and other policy benefits	18,948		17,064	41,487	59,843	—	137,342
Amortization of deferred policy acquisition costs and value of business acquired	11,797		17,593	79,064	8,348	—	116,802
Universal life and annuity contract interest	69,849		48,561	176,920	—	—	295,330
Other operating expenses	20,376		19,447	35,699	17,056	11,980	104,558
Federal income taxes (benefit)	561		9,024	13,888	3,700	5,056	32,229
Total expenses	121,531		111,689	347,058	88,947	17,036	686,261
Segment earnings (loss)	$	2,163	34,818	53,582	16,617	19,506	126,686

(1) Revised for an adjustment to reserve liabilities of $15.0 million. Refer to Note (1).

	Domestic Life Insurance		International Life Insurance	Annuities	All Others	Totals
	(In thousands)
2018:
Selected Balance Sheet Items:
Deferred policy acquisition costs and sales inducements	$	122,661	243,518	609,239	—	975,418
Total segment assets	1,215,864		1,211,036	8,791,463	370,118	11,588,481
Future policy benefits	1,039,150		894,891	7,810,245	—	9,744,286
Other policyholder liabilities	17,439		20,381	97,874	—	135,694
Condensed Income Statements:
Premiums and contract revenues	$	40,879	108,923	23,694	—	173,496
Net investment income	23,579		22,603	276,123	26,772	349,077
Other revenues	19		87	66	20,431	20,603
Total revenues	64,477		131,613	299,883	47,203	543,176
Life and other policy benefits	21,688		22,333	21,276	—	65,297
Amortization of deferred policy acquisition costs	11,539		24,358	78,874	—	114,771
Universal life and annuity contract interest	8,826		24,590	102,639	—	136,055
Other operating expenses	20,731		19,593	32,584	21,061	93,969
Federal income taxes (benefit)	292		7,035	11,139	4,514	22,980
Total expenses	63,076		97,909	246,512	25,575	433,072
Segment earnings (loss)	$	1,401	33,704	53,371	21,628	110,104

Reconciliation of Segment Net Earnings to Consolidated Financial Statements

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

	Years Ended December 31,
	2020		2019	2018
	(In thousands)
Premiums and Other Revenue:
Premiums and contract revenues	$	237,947	239,969	173,496
Net investment income	417,202		555,492	349,077
Other revenues	18,522		17,486	20,603
Realized gains on investments	21,071		6,241	8,423
Total consolidated premiums and other revenue	$	694,742	819,188	551,599

	Years Ended December 31,
	2020		2019	2018
	(In thousands)
Net Earnings:
Total segment earnings	$	75,666	126,686	110,104
Realized gains on investments, net of taxes	16,646		4,930	6,654
Total consolidated net earnings	$	92,312	131,616	116,758

Reconciliation of Segment Federal Income Taxes to Consolidated Financial Statements

	Years Ended December 31,
	2020		2019	2018
	(In thousands)
Federal Income Taxes:
Total segment Federal income taxes	$	15,331	32,229	22,980
Taxes on realized gains on investments	4,425		1,311	1,769
Total consolidated Federal income taxes	$	19,756	33,540	24,749

Reconciliation of Segment Assets to Consolidated Financial Statements

	December 31,
	2020		2019	2018
	(In thousands)
Assets:
Total segment assets	$	13,753,320	12,092,796	11,588,481
Other unallocated assets	894,950		460,651	343,210
Total consolidated assets	$	14,648,270	12,553,447	11,931,691

Schedule of Premiums and Contract Revenue Detailed by Country

Premiums and contract revenues detailed by country are provided below.

	Years Ended December 31,
	2020		2019	2018
	(In thousands)
United States	$	165,233	156,330	82,614
Brazil	22,190		24,975	27,280
Taiwan	11,433		12,054	14,414
Venezuela	9,949		11,763	12,864
Peru	9,167		10,127	10,969
Chile	7,024		8,122	8,769
Other foreign countries	36,637		40,217	37,346
Revenues, excluding reinsurance premiums	261,633		263,588	194,256
Reinsurance premiums	(23,686)		(23,619)	(20,760)
Total premiums and contract revenues	$	237,947	239,969	173,496