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Consolidated Statements of Earnings - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Premiums and other revenues:      
Universal life and annuity contract charges $ 134,254 $ 145,405 $ 149,721
Traditional life premiums 90,043 92,542 90,248
Net investment income 562,530 417,202 555,492
Other revenues 22,314 18,522 17,486
Net realized investment gains:      
Total other-than-temporary impairment (“OTTI”) gains (losses) 0 5 (7,838)
Portion of OTTI (gains) losses recognized in other comprehensive income 0 (5) (9)
Net OTTI losses recognized in earnings 0 0 (7,847)
Other net investment gains 14,950 21,071 14,088
Total net realized investment gains 14,950 21,071 6,241
Total revenues 824,091 694,742 819,188
Benefits and expenses:      
Life and other policy benefits 187,577 131,337 137,342
Amortization of deferred transaction costs 69,461 140,503 116,802
Universal life and annuity contract interest 213,184 206,250 295,330
Other operating expenses 126,612 104,584 104,558
Total benefits and expenses 596,834 582,674 654,032
Earnings (loss) before Federal income taxes 227,257 112,068 165,156
Federal income taxes (benefit) 46,576 19,756 33,540
Net earnings (loss) 180,681 92,312 131,616
Class A      
Benefits and expenses:      
Net earnings (loss) $ 175,571 $ 89,701 $ 127,894
Basic Earnings Per Share:      
Basic earnings per share (in dollars per share) $ 51.10 $ 26.11 $ 37.22
Diluted Earnings Per Share:      
Diluted earnings per share (in dollars per share) $ 51.10 $ 26.11 $ 37.22
Class B      
Benefits and expenses:      
Net earnings (loss) $ 5,110 $ 2,611 $ 3,722
Basic Earnings Per Share:      
Basic earnings per share (in dollars per share) $ 25.55 $ 13.05 $ 18.61
Diluted Earnings Per Share:      
Diluted earnings per share (in dollars per share) $ 25.55 $ 13.05 $ 18.61