XML 15 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Unaudited Interim Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUES    
Premiums $ 5,490 $ 9,192
Policy charges and fee income 149,506 191,383
Net investment income 33,010 37,589
Asset administration fees and other income 27,331 54,043
Realized investment gains (losses), net:    
Other-than-temporary impairments on fixed maturity securities (3,755) (25)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income (loss) 1,818 16
Other realized investment gains (losses), net (12,305) 13,484
Total realized investment gains (losses), net (14,242) 13,475
Total revenues 201,095 305,682
BENEFITS AND EXPENSES    
Policyholders’ benefits 23,676 11,989
Interest credited to policyholders’ account balances 131,659 91,630
Amortization of deferred policy acquisition costs 207,476 141,060
General, administrative and other expenses 66,779 87,072
Total benefits and expenses 429,590 331,751
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES (228,495) (26,069)
Income tax expense (benefit) (85,830) (4,767)
NET INCOME (LOSS) (142,665) (21,302)
Other comprehensive income (loss), before tax:    
Foreign currency translation adjustments 28 (59)
Net unrealized investment gains (losses):    
Unrealized investment gains (losses) for the period 25,501 14,793
Reclassification adjustment for (gains) losses included in net income 2,146 (1,862)
Net unrealized investment gains (losses) 27,647 12,931
Other comprehensive income (loss), before tax: 27,675 12,872
Less: Income tax expense (benefit) related to other comprehensive income (loss)    
Foreign currency translation adjustments 10 (21)
Net unrealized investment gains (losses) 9,676 4,526
Total 9,686 4,505
Other comprehensive income (loss), net of tax 17,989 8,367
COMPREHENSIVE INCOME (LOSS) $ (124,676) $ (12,935)