Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

Accounting Policies [Abstract]

Schedule of reclassification from AOCI

The table below shows the unrealized gains and losses on available-for-sale securities that were reclassified out of accumulated other comprehensive income for the years ended December 31, 2014, 2013 and 2012.

Affected Line Item In the Consolidated Statements of Earnings	Amount Reclassified from Accumulated Other Comprehensive Income
		Twelve Months Ended December 31,
		2014			2013		2012
	(In thousands)
Other net investment gains (losses)		$	7,843		4,923		7,308
Net OTTI losses recognized in earnings		(150		)	(213	)	(378	)
Earnings before federal income taxes		7,693			4,710		6,930
Federal income taxes		2,693			1,649		2,426
Net Earnings		$	5,000		3,061		4,504

Deferred Policy Acquisition Costs

A summary of information relative to deferred policy acquisition costs (DPAC) is provided in the table below.

	Years Ended December 31,
	2014			2013		2012
	(In thousands)
Deferred policy acquisition costs, beginning of year	$	785,706		705,397		722,542
Policy acquisition costs deferred:
Agents' commissions	134,262			127,161		121,900
Other	7,606			6,821		6,617
Total costs deferred	141,868			133,982		128,517
Amortization of deferred policy acquisition costs	(115,154		)	(108,233	)	(121,922	)
Adjustments for unrealized (gains) losses on investment securities	(9,501		)	54,560		(23,740	)
Deferred policy acquisition costs, end of year	$	802,919		785,706		705,397

Summary of Direct Premiums and Deposits Collected

A summary of direct premiums and deposits collected is provided below.

	Years Ended December 31,
	2014		2013	2012
	(In thousands)
Annuity deposits	$	833,273	813,868	864,719
Universal life insurance deposits	280,980		296,286	248,118
Traditional life and other premiums	22,651		22,164	21,476
Totals	$	1,136,904	1,132,318	1,134,313

Schedule of Movement in Deferred Sales Inducement

A summary of information relative to deferred sales inducements is provided in the table below.

	Years Ended December 31,
	2014			2013		2012
	(In thousands)
Deferred sales inducements, beginning of year	$	169,570		152,844		155,753
Sales inducement costs deferred	18,355			26,159		31,758
Amortization of sales inducements	(26,357		)	(25,357	)	(27,261	)
Adjustments for unrealized (gains) losses on investment securities	(1,802		)	15,924		(7,406	)
Deferred sales inducements, end of year	$	159,766		169,570		152,844

Statutory Accounting Practices Disclosure

The table below provides the Company’s net gain from operations, net income, unassigned surplus (retained earnings) and capital and surplus (stockholders' equity), on the statutory basis used to report to regulatory authorities for the years ended December 31.

	2014		2013	2012
	(In thousands)
Net gain from operations before Federal and foreign income taxes	$	95,892	170,796	130,644
Net income	$	77,220	106,159	84,473
Unassigned surplus	$	1,141,579	1,082,519	961,054
Capital and surplus	$	1,185,643	1,126,232	1,004,766

The following assets were on deposit with state and other regulatory authorities as required by law, at the end of each year.

	December 31,
	2014		2013
	(In thousands)
Debt securities held to maturity	$	15,279	15,407
Debt securities available for sale	814		819
Short-term investments	475		475
Totals	$	16,568	16,701