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Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
Premiums (net of reinsurance ceded of $11,481, $11,788, and $12,362) $ 90,941 $ 68,581 $ 63,218
Contract charges (net of reinsurance ceded of $7,954, $8,019, and $9,049) 76,171 76,009 74,948
Net investment income 310,695 295,845 311,244
Realized capital gains and losses:      
Total other-than-temporary impairment ("OTTI") losses (6,263) (20,613) (8,131)
OTTI losses reclassified to (from) other comprehensive income 893 4,656 342
Net OTTI losses recognized in earnings (5,370) (15,957) (7,789)
Sales and other realized capital gains and losses 71,702 17,596 34,907
Realized capital gains and losses 66,332 1,639 27,118
Total Revenues 544,139 442,074 476,528
Costs and expenses      
Contract benefits (net of reinsurance ceded of $8,055, $12,024, and $23,918) 230,493 208,403 203,594
Interest credited to contractholder funds (net of reinsurance ceded of $4,805, $4,770, and $4,545) 97,377 102,761 108,637
Amortization of deferred policy acquisition costs 16,992 16,127 16,603
Operating costs and expenses 41,829 35,374 33,357
Total costs and expenses 386,691 362,665 362,191
Income from operations before income tax (benefit) expense 157,448 79,409 114,337
Income tax (benefit) expense (46,735) 28,008 40,977
Net income 204,183 51,401 73,360
Other comprehensive (loss) income, after-tax      
Change in unrealized net capital gains and losses (66,210) 24,554 (12,496)
Change in unrealized foreign currency translation adjustments 2,409 1,138 (1,172)
Other comprehensive (loss) income, after-tax (63,801) 25,692 (13,668)
Comprehensive income $ 140,382 $ 77,093 $ 59,692