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INCOME TAXES - Effective Income Tax Rate and Components of Income Tax and Deferred Liability (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Effective income tax rate related to continuing operations      
Statutory federal income tax rate applied to pre-tax income 21.00% 21.00% 35.00%
State income taxes 0.40% 4.20% 0.30%
Investment income not subject to tax (1.60%) (4.50%) (4.70%)
Prior period adjustments 0.10% 1.60% (1.10%)
Federal Tax law changes 0.00% 0.00% (184.80%)
Other (0.80%) (0.60%) 0.50%
Effective income tax rate 19.10% 21.70% (154.80%)
Current income tax expense:      
Federal $ 381,202 $ 113,925 $ 39,042
State 9,112 9,699 (2,477)
Total current 390,314 123,624 36,565
Deferred income tax expense:      
Federal (254,184) (73,364) (757,748)
State (5,666) 3,401 2,774
Total deferred (259,850) (69,963) (754,974)
Deferred income tax assets:      
Loss and credit carryforwards 132,295 127,168  
Deferred compensation 55,559 58,533  
Deferred policy acquisition costs 217,967 113,959  
Premium on non-recourse funding obligations 784 905  
Net unrealized loss on investments 0 373,292  
Valuation allowance (9,153) (8,629)  
Deferred income tax assets 397,452 665,228  
Deferred income tax liabilities:      
Premium receivables and policy liabilities 211,458 339,555  
VOBA and other intangibles 596,756 478,561  
Invested assets (other than unrealized gains (losses)) 557,763 720,108  
Net unrealized gains on investments 376,288 0  
Other 27,157 25,343  
Deferred income tax liabilities 1,769,422 1,563,567  
Net deferred income tax liability (1,371,970) (898,339)  
Reconciliation of the beginning and ending amount of unrecognized tax benefits      
Balance, beginning of period 7,134 11,353 9,856
Additions for tax positions of the current year 0 0 1,857
Additions for tax positions of prior years 0 0 70
Reductions of tax positions of prior years:      
Changes in judgment 0 (4,219) (430)
Settlements during the period (5,343) 0 0
Lapses of applicable statute of limitations 0 0 0
Balance, end of period $ 1,791 $ 7,134 $ 11,353