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Statutory Information and Restrictions (Tables)
 12 Months Ended
Dec. 31, 2019
Insurance [Abstract]  
Statutory surplus and subsidiary dividend restrictions
Reconciliations of statutory capital and surplus and net income, as determined using statutory accounting principles, to the amounts included in the accompanying consolidated financial statements are as follows:
($ in thousands)
 
December 31,
 
 
2019
 
2018
Statutory capital and surplus of insurance subsidiaries
 
$
868,839

 
$
903,564

Increase (decrease) due to:
 
 
 
 
Deferred policy acquisition costs
 
276,668

 
298,742

Deposit asset on reinsurance
 
2,346,166

 
—

Annuity reserves ceded
 
(2,239,717
)
 
—

Difference in policyholder reserves
 
209,127

 
142,601

Goodwill
 
49,079

 
47,396

Intangible assets, net
 
177,217

 
—

Investment fair value adjustments on fixed maturity securities
 
397,762

 
142,512

Difference in investment reserves
 
102,380

 
105,430

Federal income tax liability
 
(178,026
)
 
(115,667
)
Net funded status of benefit plans
 
(13,690
)
 
(15,495
)
Non-admitted assets and other, net
 
(53,801
)
 
20,412

Shareholders' equity of parent company and
non-insurance subsidiaries
 
8,306

 
8,795

Parent company short-term and long-term debt
 
(383,025
)
 
(247,740
)
Shareholders' equity as reported herein
 
$
1,567,285

 
$
1,290,550


($ in thousands)
 
Years Ended December 31,
 
 
2019
 
2018
 
2017
Statutory net income of insurance subsidiaries
 
$
62,316

 
$
45,977

 
$
82,587

Net loss of non-insurance companies
 
(9,537
)
 
(9,755
)
 
(4,496
)
Interest expense
 
(14,272
)
 
(11,892
)
 
(11,836
)
Tax benefit of interest expense and other
parent company current tax adjustments
 
8,993

 
121

 
5,654

Combined net income
 
47,500

 
24,451

 
71,909

Increase (decrease) due to:
 
 
 
 
 
 
Deferred policy acquisition costs
 
2,101

 
1,015

 
9,385

Intangible asset amortization expense
 
(8,790
)
 
—

 
—

Policyholder benefits
 
117,369

 
26,318

 
30,609

Federal income tax (expense) benefit
 
(23,492
)
 
3,020

 
84,198

Investment reserves
 
88,627

 
(31,529
)
 
(20,966
)
Other adjustments, net
 
(38,872
)
 
(4,932
)
 
(5,676
)
Net income as reported herein
 
$
184,443

 
$
18,343

 
$
169,459