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Basis of Presentation (Tables)
3 Months Ended
Mar. 31, 2019
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)
 
March 31, 2019
 
December 31, 2018
Investment contract reserves
 
$
4,585,141

 
$
4,555,856

Life policy reserves
 
1,162,999

 
1,155,337

Total
 
$
5,748,140

 
$
5,711,193

Accumulated Other Comprehensive Income (Loss) The following tables reconcile these components.
($ in thousands)
 
Net Unrealized Investment Gains
(Losses) on Securities (1)(2)
 
Net Funded Status of
Benefit Plans (1)
 
Total (1)(3)
Beginning balance, January 1, 2019
 
$
96,941

 
$
(12,185
)
 
$
84,756

Other comprehensive income (loss) before reclassifications
 
120,303

 

 
120,303

Amounts reclassified from AOCI
 
(6,405
)
 

 
(6,405
)
Net current period other comprehensive income (loss)
 
113,898

 

 
113,898

Ending balance, March 31, 2019
 
$
210,839

 
$
(12,185
)
 
$
198,654

 
 
 
 
 
 
 
Beginning balance, January 1, 2018
 
$
300,177

 
$
(13,217
)
 
$
286,960

Other comprehensive income (loss) before reclassifications
 
(109,539
)
 

 
(109,539
)
Amounts reclassified from AOCI
 
2,443

 

 
2,443

Cumulative effect of change in accounting principle (3)
 
(15,041
)
 

 
(15,041
)
Net current period other comprehensive income (loss)
 
(122,137
)
 

 
(122,137
)
Ending balance, March 31, 2018
 
$
178,040

 
$
(13,217
)
 
$
164,823

________________
(1) 
All amounts are net of tax.
(2) 
The pretax amounts reclassified from AOCI, $8,108 thousand and $(3,092) thousand, are included in net investment gains (losses) and the related income tax expenses, $1,703 thousand and $(649) thousand, are included in income tax expense in the Consolidated Statements of Operations for the three month periods ended March 31, 2019 and 2018, respectively.
(3) 
The Company adopted guidance on January 1, 2018 that resulted in reclassifying $15,041 thousand of after tax net unrealized gains on equity securities from AOCI to Retained earnings.