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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues      
Premiums earned $ 9,499 $ 3,156 $ 16,592
Fee income from policyholders 341,729 346,180 346,027
Net investment income 380,812 401,113 397,083
Realized investment (losses) gains, net (53,295) 38,123 73,720
Total revenues 678,745 788,572 833,422
Expenses      
Policyholders' benefits 412,501 439,910 449,118
Return credited to policyholders' account balances 264,043 277,077 269,488
Operating and acquisition expenses 76,783 77,654 68,716
Total expenses 753,327 794,641 787,322
Income (loss) before federal income tax (74,582) (6,069) 46,100
Federal income tax expense (benefit)      
Current (24,739) 6,853 17,121
Deferred (2,105) (22,666) (2,474)
Total income tax expense (benefit) (26,844) (15,813) 14,647
NET INCOME (LOSS) (47,738) 9,744 31,453
Net unrealized investment gains (losses):      
Unrealized investment gains (losses) for the period (263,944) 153,920 100,439
Reclassification adjustment for (gains) losses included in net income 5,268 (6,001) (81,920)
Noncredit component of other-than-temporary losses 0 0 0
Net unrealized investment gains (losses) (269,212) 159,921 182,359
Less: Income tax (benefit) related to:      
Unrealized investment gains (losses) for the period 13,109 48,837 35,156
Reclassification adjustment for (gains) losses included in net income (3,989) 2,100 28,672
Noncredit component of other-than-temporary losses 0 0 0
Net unrealized investment gains (losses) 9,120 50,937 63,828
Other comprehensive (loss) income (278,332) 108,984 118,531
Comprehensive income (loss) $ (326,070) $ 118,728 $ 149,984