Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Dec. 31, 2015

Summary of Valuation Allowance [Table Text Block]

The table below summarizes the changes in the valuation allowance.



	Deferred Tax Liability		Other Comprehensive Income		Goodwill	Income Tax Expense (Benefit)
	(In thousands)
Balance at December 31, 2013	$	—	(63	)	1,058	(995	)
Release of valuation allowance in 2014	—		21		—	(21	)
Balance at December 31, 2014	—		(42	)	1,058	(1,016	)
Release of valuation allowance in 2015	—		42		—	(42	)
Balance at December 31, 2015	—		—		1,058	(1,058	)
Release of valuation allowance in 2016	—		—		—	—
Balance at December 31, 2016	$	—	—		1,058	(1,058	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of federal income tax expense computed by applying the federal income tax rate of 35% in 2016, 2015 and 2014 to income (loss) before federal income tax expense is as follows:



	Years Ended December 31,
	2016					2015 (a)					2014 (a)
	Amount			%		Amount			%		Amount			%
	(In thousands)
Expected tax expense (benefit)	$	1,919		35.0	%	$	(680	)	35.0	%	$	(682	)	35.0	%
Release of valuation allowance previously held in other comprehensive income	—			—		(42		)	2.2		(21		)	1.1
Taxable stock sales	263			4.8		—			—		—			—
Tax-exempt interest and dividends-received deduction	(553		)	(10.1	)	(746		)	38.4		(862		)	44.2
Adjustment of prior year taxes	29			0.5		(317		)	16.3		1			(0.1	)
Effect of graduated rates	(57		)	(1.0	)	(71		)	3.7		(89		)	4.6
Effect of uncertain tax position	1,672			30.5		1,890			(97.3	)	2,136			(109.5	)
Nondeductible costs to remediate tax compliance issue	241			4.4		1,152			(59.3	)	3,514			(180.2	)
Other	—			—		14			(0.8	)	23			(1.3	)
Total income tax expense	$	3,514		64.1	%	$	1,200		(61.8	)%	$	4,020		(206.2	)%

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income tax expense consists of:



	Years Ended December 31,
	2016			2015 (a)		2014 (a)
	(In thousands)
Current	$	13,348		(2,315	)	82,900
Deferred	(9,834		)	3,515		(78,880	)
Total income tax expense	$	3,514		1,200		4,020

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The components of deferred federal income taxes are as follows:



	December 31,
	2016			2015 (a)
	(In thousands)
Deferred tax assets:
Future policy benefit reserves	$	123,101		116,246
Net operating and capital loss carryforwards	—			583
Accrued expenses	104			121
Investments	6,803			3,848
State income tax credits	119			123
Other	56			165
Total gross deferred tax assets	130,183			121,086
Deferred tax liabilities:
Deferred policy acquisition costs, cost of customer relationships acquired and intangible assets	(44,709		)	(45,417	)
Unrealized gains on investments available-for-sale	(7,556		)	(7,428	)
Accrued policyholder dividends	(815		)	(984	)
Other	(234		)	(112	)
Total gross deferred tax liabilities	(53,314		)	(53,941	)
Net deferred tax asset	$	76,869		67,145

Change in deferred tax liability [Table Text Block]

A summary of the changes in the components of deferred federal and state income taxes is as follows:



	December 31,
	2016			2015 (a)
	(In thousands)
Deferred federal and state income taxes:
Balance January 1,	$	67,145		64,122
Deferred tax benefit	9,834			(3,557	)
Investments available-for-sale	(128		)	6,695
Effects of unrealized gains on DAC, CCRA and reserves	18			(115	)
Balance December 31,	$	76,869		67,145

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of unrecognized tax benefits is as follows:



	Years ended December 31,
	2016			2015		2014
	(In thousands)

Balance at January 1,	$	78,079		81,459		1,539
Additions based on tax positions related to the current year	3,546			3,608		10,132
Additions for tax positions of prior years	4,706			1,570		71,327
Reductions for tax positions of prior years	(569		)	(8,558	)	(1,539	)
Balance December 31,	$	85,762		78,079		81,459