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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Premiums and policy fees $ 883,413 $ 855,579
Reinsurance ceded (345,624) (319,055)
Net of reinsurance ceded 537,789 536,524
Net investment income 489,418 474,709
Realized investment gains (losses):    
Derivative financial instruments 46,826 (60,900)
All other investments (87,551) 22,841
Other-than-temporary impairment losses (691) (95)
Portion recognized in other comprehensive income (before taxes) (2,954) (5,106)
Net impairment losses recognized in earnings (3,645) (5,201)
Other income 80,674 79,383
Total revenues 1,063,511 1,047,356
Benefits and expenses    
Benefits and settlement expenses, net of reinsurance ceded: (2018 - $345,826; 2017 - $261,400) 786,349 749,450
Amortization of deferred policy acquisition costs and value of business acquired 58,073 20,784
Other operating expenses, net of reinsurance ceded: (2018 - $44,069; 2017 - $51,761) 197,153 190,478
Total benefits and expenses 1,041,575 960,712
Income before income tax 21,936 86,644
Income tax expense 3,661 28,305
Net income $ 18,275 $ 58,339