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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income (loss) $ (47,738) $ 9,744 $ 31,453
Adjustments to reconcile net income (loss) to net cash:      
Policy charges and fee income (341,729) (346,180) (346,027)
Interest credited 264,043 277,077 269,488
Investment gains, net 55,978 (38,123) (73,720)
Amortization/Accretion of bond premium, net 82,404 69,632 59,337
Amortization of VOBA 26,321 29,827 30,054
Changes in assets and liabilities:      
Change in insurance related liabilities and policy-related balances 135,073 29,190 52,316
Change in fair value option and trading securities (2,683) (100,101) (15,937)
Deferred income tax expense (benefit) (2,105) (22,666) (2,474)
Decrease (increase) in accrued investment income 3,641 (3,357) (1,783)
Decrease (increase) in other assets and liabilities (47,238) 7,899 (3,961)
Net cash provided by (used in) operating activities 125,967 (87,058) (1,254)
Cash flows from investing activities:      
Fixed maturities, available for sale Proceeds from sales and maturities 1,434,668 2,023,946 3,806,768
Fixed maturities, available for sale, Purchases (1,217,094) (1,952,554) (3,807,513)
Commercial mortgage loans, proceeds from sales and paydowns 334,365 422,241 265,414
Commercial mortgage loans, originations and purchases (143,414) (5,325) (208,580)
Net purchases and sales of common stocks 1,164 (3,052) (5,100)
Net purchases, sales, maturities of derivatives 10,929 17,265 2,642
Net purchases, sales, maturities of other investments (76,906) (60,263) 63,097
Net cash provided by (used in) investing activities 343,712 442,258 116,728
Cash flows from financing activities:      
Policyholders' account deposits 453,814 790,230 763,748
Policyholders' account withdrawals (989,276) (979,586) (905,014)
Dividends paid to shareholder (15,000) (70,000) (42,000)
Change in overdrafts 8,159 (20,431) 22,059
Net cash provided by (used in) financing activities (542,303) (279,787) (161,207)
Net increase (decrease) in cash and cash equivalents (72,624) 75,413 (45,733)
Cash and cash equivalents, beginning of period 78,801 3,388 49,121
Cash and cash equivalents, end of period 6,177 78,801 3,388
Supplemental schedule of cash flow information:      
Income taxes paid 4,000 5,000 17,700
Interest paid 8,282 7,835 7,328
Noncash activities      
Interest income on vehicle note 28,407 26,875 25,069
Interest expense on other long-term debt 28,407 26,875 25,069
Increase in vehicle note and other long-term debt 41,500 36,000 50,300
Change in modified coinsurance payable and deposit receivable 81,892 87,966 50,791
Bond exchanges 5,376 10,959 $ 11,199
Mortgage loan refinance $ 45,712 $ 11,368