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Segment and Geographical Information (Tables)

6 Months Ended

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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