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Segment and Geographical Information (Tables) | 6 Months Ended
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Jun. 30, 2018
Segment Reporting [Abstract] |
Summary of Assets and Profit or Loss by Segment | Notable information included in profit or loss by segment was as follows:
|  | Three months ended June 30, |  |  | Six months ended June 30,
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |  |
|  | (In thousands)
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Term life insurance segment |  | $ | 272,978 |  |  | $ | 238,901 |  |  | $ | 543,286 |  |  | $ | 472,953 |  |
Investment and savings products segment |  |  | 162,841 |  |  |  | 143,774 |  |  |  | 324,883 |  |  |  | 284,180 |  |
Corporate and other distributed products segment |  |  | 31,996 |  |  |  | 31,021 |  |  |  | 59,568 |  |  |  | 61,727 |  |
Total revenues |  | $ | 467,815 |  |  | $ | 413,696 |  |  | $ | 927,737 |  |  | $ | 818,860 |  |
Net investment income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Term life insurance segment |  | $ | 3,246 |  |  | $ | 2,347 |  |  | $ | 6,334 |  |  | $ | 4,650 |  |
Investment and savings products segment |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |
Corporate and other distributed products segment |  |  | 16,784 |  |  |  | 17,395 |  |  |  | 32,713 |  |  |  | 34,986 |  |
Total net investment income |  | $ | 20,030 |  |  | $ | 19,742 |  |  | $ | 39,047 |  |  | $ | 39,636 |  |
Amortization of DAC: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Term life insurance segment |  | $ | 51,257 |  |  | $ | 44,937 |  |  | $ | 107,930 |  |  | $ | 95,070 |  |
Investment and savings products segment |  |  | 2,080 |  |  |  | 2,310 |  |  |  | 5,521 |  |  |  | 4,044 |  |
Corporate and other distributed products segment |  |  | 510 |  |  |  | 614 |  |  |  | 560 |  |  |  | 596 |  |
Total amortization of DAC |  | $ | 53,847 |  |  | $ | 47,861 |  |  | $ | 114,011 |  |  | $ | 99,710 |  |
Non-cash share-based compensation expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Term life insurance segment |  | $ | 793 |  |  | $ | 301 |  |  | $ | 2,966 |  |  | $ | 2,077 |  |
Investment and savings products segment |  |  | 325 |  |  |  | 361 |  |  |  | 1,518 |  |  |  | 1,541 |  |
Corporate and other distributed products segment |  |  | 773 |  |  |  | 1,261 |  |  |  | 8,908 |  |  |  | 8,049 |  |
Total non-cash share-based compensation expense |  | $ | 1,891 |  |  | $ | 1,923 |  |  | $ | 13,392 |  |  | $ | 11,667 |  |
Income (loss) before income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Term life insurance segment |  | $ | 75,828 |  |  | $ | 61,854 |  |  | $ | 135,448 |  |  | $ | 110,877 |  |
Investment and savings products segment |  |  | 43,227 |  |  |  | 39,684 |  |  |  | 83,214 |  |  |  | 76,803 |  |
Corporate and other distributed products segment |  |  | (5,290 | ) |  |  | (5,149 | ) |  |  | (21,935 | ) |  |  | (16,450 | ) |
Total income before income taxes |  | $ | 113,765 |  |  | $ | 96,389 |  |  | $ | 196,727 |  |  | $ | 171,230 |  |
Total Assets by Segment | Total assets by segment were as follows:
|  | June 30, 2018 |  |  | December 31, 2017 |  |
|  | (In thousands)
Assets: |  |  |  |  |  |  |  |  |
Term life insurance segment |  | $ | 6,307,722 |  |  | $ | 6,205,837 |  |
Investment and savings products segment (1) |  |  | 2,512,547 |  |  |  | 2,684,717 |  |
Corporate and other distributed products segment |  |  | 3,676,372 |  |  |  | 3,570,149 |  |
Total assets |  | $ | 12,496,641 |  |  | $ | 12,460,703 |  |
(1) The Investment and Savings Products segment includes assets held in separate accounts. Excluding separate accounts, the Investment and Savings Products segment assets were $123.6 million and $112.0 million as of June 30, 2018 and December 31, 2017, respectively.
Long Lived Assets and Operations by Country | Geographical Information. Results of operations by country and long-lived assets, primarily tangible assets reported in other assets in our unaudited condensed consolidated balance sheets, were as follows:
|  | Three months ended June 30, |  |  | Six months ended June 30,
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |  |
|  | (In thousands)
Revenues by country: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 395,710 |  |  | $ | 349,388 |  |  | $ | 779,504 |  |  | $ | 689,182 |  |
Canada |  |  | 72,105 |  |  |  | 64,308 |  |  |  | 148,233 |  |  |  | 129,678 |  |
Total revenues |  | $ | 467,815 |  |  | $ | 413,696 |  |  | $ | 927,737 |  |  | $ | 818,860 |  |
Income before income taxes by country: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 94,100 |  |  | $ | 77,511 |  |  | $ | 157,314 |  |  | $ | 135,543 |  |
Canada |  |  | 19,665 |  |  |  | 18,878 |  |  |  | 39,413 |  |  |  | 35,687 |  |
Total income before income taxes |  | $ | 113,765 |  |  | $ | 96,389 |  |  | $ | 196,727 |  |  | $ | 171,230 |  |
|  | June 30, 2018 |  |  | December 31, 2017 |  |
|  | (In thousands)
Long-lived assets by country: |  |  |  |  |  |  |  |  |
United States |  | $ | 26,122 |  |  | $ | 27,443 |  |
Canada |  |  | 546 |  |  |  | 656 |  |
Total long-lived assets |  | $ | 26,668 |  |  | $ | 28,099 |  |

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