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Segment and Geographical Information (Tables)

12 Months Ended

Dec. 31, 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:

		Year ended December 31,
		2018				2017				2016
	(In thousands)
Revenues:
Term life insurance segment		$	1,123,200			$	992,224			$	866,382
Investment and savings products segment			655,076				572,747				524,621
Corporate and other distributed products segment			121,567				124,131				128,081
Total revenues		$	1,899,843			$	1,689,102			$	1,519,084
Net investment income:
Term life insurance segment		$	13,747			$	9,931			$	7,634
Investment and savings products segment			-				-				-
Corporate and other distributed products segment			67,683				69,086				71,391
Total net investment income		$	81,430			$	79,017			$	79,025
Amortization of DAC:
Term life insurance segment		$	228,613			$	201,751			$	172,812
Investment and savings products segment			9,766				6,168				6,148
Corporate and other distributed products segment			1,351				1,480				1,622
Total amortization of DAC		$	239,730			$	209,399			$	180,582
Non-cash share-based compensation expense:
Term life insurance segment		$	4,135			$	2,662			$	2,652
Investment and savings products segment			2,695				2,208				2,179
Corporate and other distributed products segment			10,421				10,397				8,611
Total non-cash share-based compensation expense		$	17,251			$	15,267			$	13,442
Income (loss) before income taxes:
Term life insurance segment		$	281,904			$	245,657			$	213,361
Investment and savings products segment			173,912				162,836				144,356
Corporate and other distributed products segment			(39,732	)			(28,973	)			(20,122	)
Total income before income taxes		$	416,084			$	379,520			$	337,595

Total Assets by Segment

Total assets by segment were as follows:

		December 31, 2018				December 31, 2017				December 31, 2016
	(In thousands)
Assets:
Term life insurance segment		$	6,322,555			$	6,205,837			$	5,945,502
Investment and savings products segment (1)			2,298,238				2,684,717				2,391,512
Corporate and other distributed products segment			3,974,255				3,570,149				3,101,929
Total assets		$	12,595,048			$	12,460,703			$	11,438,943

⁽¹⁾  The Investment and Savings Products segment includes assets held in separate accounts. Excluding separate accounts, the Investment and Savings Products segment assets were $102.8 million, $112.0 million, and $103.7 million as of December 31, 2018, 2017, and 2016, respectively.

Long Lived Assets and Continuing Operations by Country

Geographical Information. Results of operations by country and long-lived assets — primarily tangible assets reported in other assets in our consolidated balance sheets —were as follows:

		Year ended December 31,
		2018				2017				2016
	(In thousands)
Revenues by country:
United States		$	1,607,140			$	1,419,658			$	1,281,580
Canada			292,703				269,444				237,504
Total revenues		$	1,899,843			$	1,689,102			$	1,519,084
Income before income taxes by country:
United States		$	337,914			$	299,764			$	269,791
Canada			78,170				79,756				67,804
Total income before income taxes		$	416,084			$	379,520			$	337,595

		December 31, 2018				December 31, 2017				December 31, 2016
	(In thousands)
Long-lived assets by country:
United States		$	30,999			$	27,443			$	26,685
Canada			4,997				656				780
Total long-lived assets		$	35,996			$	28,099			$	27,465

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