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Unaudited Interim Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUES    
Premiums $ 17,265 $ 21,034
Policy charges and fee income 507,934 555,290
Net investment income 125,069 96,711
Asset administration fees and other income 109,388 99,537
Realized investment gains (losses), net:    
Other-than-temporary impairments on fixed maturity securities (1,857) (286)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income (loss) (168) 0
Other realized investment gains (losses), net (1,340,194) 558,976
Total realized investment gains (losses), net (1,342,219) 558,690
Total revenues (582,563) 1,331,262
BENEFITS AND EXPENSES    
Policyholders’ benefits 7,950 35,026
Interest credited to policyholders’ account balances 10,427 69,570
Amortization of deferred policy acquisition costs (10,091) 156,433
Commission expense 230,192 235,321
General, administrative and other expenses 58,163 42,977
Total benefits and expenses 296,641 539,327
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES (879,204) 791,935
Income tax expense (benefit) 20,820 156,256
NET INCOME (LOSS) (900,024) 635,679
Other comprehensive income (loss), before tax:    
Foreign currency translation adjustments 100 (767)
Net unrealized investment gains (losses) 284,428 (176,279)
Total 284,528 (177,046)
Less: Income tax expense (benefit) related to other comprehensive income (loss)    
Less: Income tax expense (benefit) related to other comprehensive income (loss) 59,751 (37,180)
Other comprehensive income (loss), net of tax 224,777 (139,866)
Comprehensive income (loss) $ (675,247) $ 495,813