Segment and Other Operating Information (Tables)

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

Summary of Segment Information, by Quarter

A summary of segment information for the quarters ended September 30, 2014 and September 30, 2013 is provided below.

Selected Segment Information:
	Domestic Life Insurance		International  Life Insurance	Annuities	All  Others	Totals
				(In thousands)
September 30, 2014
Condensed Consolidated Balance Sheet Items:
Deferred policy acquisition costs and sales inducements	$	61,087	242,124	652,855	—	956,066
Total segment assets	705,156		1,223,571	8,871,276	251,905	11,051,908
Future policy benefits	611,550		944,505	7,848,590	—	9,404,645
Other policyholder liabilities	12,742		12,226	117,207	—	142,175
Three Months Ended
September 30, 2014
Condensed Consolidated Income Statements:
Premiums and contract revenues	$	6,847	29,135	5,126	—	41,108
Net investment income	6,859		8,273	90,835	4,999	110,966
Other revenues	19		20	23	5,315	5,377
Total revenues	13,725		37,428	95,984	10,314	157,451
Life and other policy benefits	3,353		9,672	138	—	13,163
Amortization of deferred acquisition costs	1,166		2,525	19,776	—	23,467
Universal life and annuity contract interest	5,803		6,956	46,452	—	59,211
Other operating expenses	2,314		6,307	7,045	4,785	20,451
Federal income taxes (benefit)	379		4,143	7,681	1,899	14,102
Total expenses	13,015		29,603	81,092	6,684	130,394
Segment earnings (loss)	$	710	7,825	14,892	3,630	27,057

	Domestic Life Insurance		International Life Insurance	Annuities	All Others	Totals
				(In thousands)
Nine months ended
September 30, 2014
Condensed Consolidated Income Statements:
Premiums and contract revenues	$	22,077	87,906	16,787	—	126,770
Net investment income	24,044		35,902	300,118	14,532	374,596
Other revenues	40		321	63	15,927	16,351
Total revenues	46,161		124,129	316,968	30,459	517,717
Life and other policy benefits	7,268		16,375	17,279	—	40,922
Amortization of deferred acquisition costs	5,346		18,078	55,880	—	79,304
Universal life and annuity contract interest	19,066		32,820	172,690	—	224,576
Other operating expenses	10,585		18,167	19,965	14,697	63,414
Federal income taxes (benefit)	1,295		12,865	17,010	5,241	36,411
Total expenses	43,560		98,305	282,824	19,938	444,627
Segment earnings (loss)	$	2,601	25,824	34,144	10,521	73,090

Selected Segment Information:
	Domestic Life Insurance		International  Life Insurance	Annuities	All  Others	Totals
				(In thousands)
September 30, 2013
Condensed Consolidated Balance Sheet Items:
Deferred policy acquisition costs and sales inducements	$	50,067	235,922	650,526	—	936,515
Total segment assets	559,824		1,161,517	8,487,915	253,097	10,462,353
Future policy benefits	485,754		899,090	7,549,441	—	8,934,285
Other policyholder liabilities	13,177		16,778	129,867	—	159,822
Three Months Ended
September 30, 2013
Condensed Consolidated Income Statements:
Premiums and contract revenues	$	3,944	28,865	4,873	—	37,682
Net investment income	6,928		10,957	118,521	4,997	141,403
Other revenues	12		60	22	5,728	5,822
Total revenues	10,884		39,882	123,416	10,725	184,907
Life and other policy benefits	4,003		11,040	1,898	—	16,941
Amortization of deferred acquisition costs	1,015		3,287	19,942	—	24,244
Universal life and annuity contract interest	2,261		8,525	76,700	—	87,486
Other operating expenses	2,782		5,987	8,565	5,341	22,675
Federal income taxes (benefit)	268		3,596	5,298	1,751	10,913
Total expenses	10,329		32,435	112,403	7,092	162,259
Segment earnings (loss)	$	555	7,447	11,013	3,633	22,648

	Domestic Life Insurance		International Life Insurance	Annuities	All Others	Totals
				(In thousands)
Nine months ended
September 30, 2013
Condensed Consolidated Income Statements:
Premiums and contract revenues	$	22,967	87,061	14,998	—	125,026
Net investment income	22,943		43,224	371,704	14,033	451,904
Other revenues	21		211	52	17,670	17,954
Total revenues	45,931		130,496	386,754	31,703	594,884
Life and other policy benefits	8,129		17,910	22,042	—	48,081
Amortization of deferred acquisition costs	5,260		17,000	61,640	—	83,900
Universal life and annuity contract interest	17,320		39,760	242,144	—	299,224
Other operating expenses	11,496		18,820	23,117	16,009	69,442
Federal income taxes (benefit)	1,206		11,982	12,242	5,081	30,511
Total expenses	43,411		105,472	361,185	21,090	531,158
Segment earnings (loss)	$	2,520	25,024	25,569	10,613	63,726

Reconciliation of Segment Premiums and Other Revenues to Condensed Consolidated Financial Statements

Reconciliations of segment information to the Company's condensed consolidated financial statements are provided below.

	Three Months Ended September 30,			Nine Months Ended September 30,
	2014		2013	2014	2013
	(In thousands)
Premiums and Other Revenues:
Premiums and contract revenues	$	41,108	37,682	126,770	125,026
Net investment income	110,966		141,403	374,596	451,904
Other revenues	5,377		5,822	16,351	17,954
Realized gains (losses) on investments	2,169		3,285	6,747	7,199
Total condensed consolidated premiums and other revenues	$	159,620	188,192	524,464	602,083

Reconciliation of Segment Federal Income Taxes to Condensed Consolidated Financial Statements

	Three Months Ended September 30,			Nine Months Ended September 30,
	2014		2013	2014	2013
	(In thousands)
Federal Income Taxes:
Total segment Federal income taxes	$	14,102	10,913	36,411	30,511
Taxes on realized gains (losses) on investments	760		1,151	2,362	2,520
Total condensed consolidated Federal income taxes	$	14,862	12,064	38,773	33,031

Reconciliation of Segment Net Earnings to Condensed Consolidated Financial Statements

	Three Months Ended September 30,			Nine Months Ended September 30,
	2014		2013	2014	2013
	(In thousands)
Net Earnings:
Total segment earnings	$	27,057	22,648	73,090	63,726
Realized gains (losses) on investments, net of taxes	1,409		2,134	4,385	4,679
Total condensed consolidated net earnings	$	28,466	24,782	77,475	68,405

Reconciliation of Segment Assets to Condensed Consolidated Financial Statements

	September 30,
	2014		2013
	(In thousands)
Assets:
Total segment assets	$	11,051,908	10,462,353
Other unallocated assets	207,168		206,115
Total condensed consolidated assets	$	11,259,076	$	10,668,468