Basis of Presentation (Tables)

9 Months Ended

Sep. 30, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Investment Contract And Life Policy Reserves

This table summarizes the Company’s investment contract and life policy reserves.

($ in thousands)	September 30, 2017		December 31, 2016
Investment contract reserves	$	4,428,989	$	4,360,456
Life policy reserves	1,111,056		1,087,513
Total	$	5,540,045	$	5,447,969

Accumulated Other Comprehensive Income (Loss)

The following tables reconcile these components. 

($ in thousands)	Net Unrealized Investment Gains and Losses on Fixed Maturity and Equity Securities (1)(2)		Benefit Plans (1)			Total (1)
Beginning balance, July 1, 2017	$	243,510	$	(11,817	)	$	231,693
Other comprehensive income (loss) before reclassifications	9,786		—			9,786
Amounts reclassified from accumulated other comprehensive income (loss)	2,422		—			2,422
Net current period other comprehensive income	12,208		—			12,208
Ending balance, September 30, 2017	$	255,718	$	(11,817	)	$	243,901
Beginning balance, January 1, 2017	$	175,738	$	(11,817	)	$	163,921
Other comprehensive income (loss) before reclassifications	78,419		—			78,419
Amounts reclassified from accumulated other comprehensive income (loss)	1,561		—			1,561
Net current period other comprehensive income	79,980		—			79,980
Ending balance, September 30, 2017	$	255,718	$	(11,817	)	$	243,901

(1) All amounts are net of tax.

(2) The pretax amounts reclassified from accumulated other comprehensive income (loss), $(3,726) thousand and $(2,401) thousand, are included in net realized investment gains and losses and the related income tax expense, $(1,304) thousand and $(840) thousand, are included in income tax expense in the Consolidated Statements of Operations for the three and nine month periods ended September 30, 2017, respectively.

($ in thousands)	Net Unrealized Investment Gains and Losses on Fixed Maturity and Equity Securities (1)(2)			Benefit Plans (1)			Total (1)
Beginning balance, July 1, 2016	$	329,653		$	(11,794	)	$	317,859
Other comprehensive income (loss) before reclassifications	9,912			—			9,912
Amounts reclassified from accumulated other comprehensive income (loss)	(2,274		)	—			(2,274		)
Net current period other comprehensive income	7,638			—			7,638
Ending balance, September 30, 2016	$	337,291		$	(11,794	)	$	325,497
Beginning balance, January 1, 2016	$	175,167		$	(11,794	)	$	163,373
Other comprehensive income (loss) before reclassifications	167,692			—			167,692
Amounts reclassified from accumulated other comprehensive income (loss)	(5,568		)	—			(5,568		)
Net current period other comprehensive income	162,124			—			162,124
Ending balance, September 30, 2016	$	337,291		$	(11,794	)	$	325,497

(1) All amounts are net of tax.

(2)

The pretax amounts reclassified from accumulated other comprehensive income (loss), $3,499 thousand and $8,566 thousand, are included in net realized investment gains and losses and the related income tax expense, $1,225 thousand and $2,998 thousand, are included in income tax expense in the Consolidated Statements of Operations for the three and nine month periods ended September 30, 2016, respectively.