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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Provision for Income Taxes

Income tax expense. Income tax expense (benefit) consists of the following:

		Current				Deferred				Total
		(In thousands)
Year ended   December 31, 2018
Federal		$	50,691			$	17,399			$	68,090
Foreign			36,028				(14,809	)			21,219
State and local			2,681				-				2,681
Total tax expense		$	89,400			$	2,590			$	91,990
Year ended   December 31, 2017
Federal		$	53,084			$	(46,622	)		$	6,462
Foreign			28,613				(7,166	)			21,447
State and local			1,356				-				1,356
Total tax expense		$	83,053			$	(53,788	)		$	29,265
Year ended   December 31, 2016
Federal		$	47,980			$	50,758			$	98,738
Foreign			23,102				(4,710	)			18,392
State and local			2,783				(1,732	)			1,051
Total tax expense		$	73,865			$	44,316			$	118,181

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation for such difference follows:

		Year ended December 31,
		2018								2017								2016
		Amount				Percentage				Amount				Percentage				Amount				Percentage
		(Dollars in thousands)
Computed tax expense		$	87,378				21.0	%		$	132,832				35.0	%		$	118,158				35.0	%
Difference between foreign   statutory rate and U.S.   statutory rate			4,474				1.1	%			(6,668	)			(1.8	)%			(5,665	)			(1.7	)%
Excess tax benefits recognized on    share-based compensation			(3,885	)			(0.9	)%			(6,051	)			(1.6	)%			-				—	%
Transition impact of the Tax Reform    Act			(2,737	)			(0.7	)%			(95,457	)			(25.1	)%			-				—	%
Recognition of foreign tax credits			(6,069	)			(1.5	)%			(40,386	)			(10.6	)%			-				—	%
Change in valuation allowance on    foreign tax credits			6,069				1.5	%			40,386				10.6	%			-				—	%
Other			6,760				1.6	%			4,609				1.2	%			5,688				1.7	%
Total tax expense /    effective rate		$	91,990				22.1	%		$	29,265				7.7	%		$	118,181				35.0	%

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities. The main components of deferred income tax assets and liabilities were as follows:

		December 31,
		2018				2017
		(In thousands)
Deferred tax assets:
Future policy benefit reserves and unpaid policy claims		$	218,461			$	206,794
Intangibles and tax goodwill			17,115				19,436
Future deductible liabilities			13,372				10,235
State income taxes			12,755				12,521
Foreign tax credits			46,455				40,386
Other			12,653				10,145
Total deferred tax assets before valuation allowance			320,811				299,517
Valuation allowance on foreign tax credits			(46,455	)			(40,386	)
Total deferred tax assets after valuation allowance		$	274,356			$	259,131
Deferred tax liabilities:
Deferred policy acquisition costs		$	(293,729	)		$	(275,388	)
Transitional amount for future policy benefit    reserves prescribed in the Tax Reform Act			(17,798	)			(22,307	)
Unremitted earnings on foreign subsidiaries			(4,669	)			(2,614	)
Reinsurance deposit asset			(48,085	)			(45,641	)
Other			(15,144	)			(17,139	)
Total deferred tax liabilities			(379,425	)			(363,089	)
Net deferred tax liabilities		$	(105,069	)		$	(103,958	)

Summary of Income Tax Contingencies

A reconciliation of the change in the unrecognized income tax benefit for the years ended December 31, 2018 and 2017 is as follows:

		December 31,
		2018				2017
		(In thousands)
Unrecognized tax benefits, beginning of period		$	14,385			$	14,811
Change in prior period unrecognized tax benefits			(101	)			91
Change in current period unrecognized tax benefits			3,105				2,855
Reductions as a result of a lapse in statute of limitations			(2,216	)			(3,372	)
Unrecognized tax benefits, end of period		$	15,173			$	14,385

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

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