XML 13 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Premiums and policy fees $ 871,892 $ 849,743 $ 2,691,233 $ 2,568,228
Reinsurance ceded (267,910) (326,572) (1,005,398) (989,835)
Net of reinsurance ceded 603,982 523,171 1,685,835 1,578,393
Net investment income 631,955 477,011 1,699,787 1,427,442
Realized investment gains (losses):        
Derivative financial instruments (26,710) 5,302 37,176 (119,392)
All other investments (20,156) 18,150 (157,350) 94,526
Other-than-temporary impairment losses (14) (366) (715) (494)
Portion recognized in other comprehensive income (before taxes) 0 93 (2,949) (7,765)
Net impairment losses recognized in earnings (14) (273) (3,664) (8,259)
Other income 80,906 82,031 241,334 243,501
Total revenues 1,269,963 1,105,392 3,503,118 3,216,211
Benefits and expenses        
Benefits and settlement expenses, net of reinsurance ceded: (three months: 2018 - $214,326; 2017 - $255,063; nine months: 2018 - $855,929; 2017 - $800,868) 950,942 742,789 2,598,151 2,203,883
Amortization of deferred policy acquisition costs and value of business acquired 33,469 4,267 144,172 48,505
Other operating expenses, net of reinsurance ceded: (three months: 2018 - $50,067; 2017 - $58,009; nine months: 2018 - $152,694; 2017 - $163,902) 190,382 192,354 582,795 577,911
Total benefits and expenses 1,174,793 939,410 3,325,118 2,830,299
Income before income tax 95,170 165,982 178,000 385,912
Income tax expense 16,646 49,016 28,933 120,975
Net income $ 78,524 $ 116,966 $ 149,067 $ 264,937