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Consolidated Statement of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
Premiums earned $ 3,156 $ 16,592 $ 8,841
Fee income from policyholders 346,180 346,027 353,932
Net investment income 401,113 397,083 398,931
Realized investment gains, net 38,123 73,720 113,538
Total revenues 788,572 833,422 875,242
Expenses      
Policyholders' benefits 439,910 449,118 351,744
Return credited to policyholders' account balances 277,077 269,488 301,079
Operating and acquisition expenses 77,654 68,716 93,671
Total expenses 794,641 787,322 746,494
Income (loss) before federal income tax (6,069) 46,100 128,748
Federal income tax expense (benefit)      
Current 6,853 17,121 22,528
Deferred (22,666) (2,474) 23,566
Total income tax expense (benefit) (15,813) 14,647 46,094
NET INCOME (LOSS) 9,744 31,453 82,654
Net unrealized investment gains (losses):      
Unrealized investment gains (losses) for the period 153,920 100,439 (290,511)
Reclassification adjustment for (gains) losses included in net income (6,001) (81,920) 79,023
Net unrealized investment gains (losses) 159,921 182,359 (369,534)
Less: Income tax (benefit) related to:      
Unrealized investment gains (losses) for the period 48,837 35,156 (101,679)
Reclassification adjustment for (gains) losses included in net income 2,100 28,672 (27,658)
Net unrealized investment gains (losses) 50,937 63,828 (129,337)
Other comprehensive (loss) income 108,984 118,531 (240,197)
Comprehensive income (loss) $ 118,728 $ 149,984 $ (157,543)