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Segment and Geographical Information (Tables)

6 Months Ended

Jun. 30, 2022

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,
		2022				2021				2022				2021
		(In thousands)
Revenues:
Term life insurance segment		$	410,707			$	383,536			$	829,136			$	765,565
Investment and savings products segment			222,416				238,012				463,455				461,434
Senior health segment			11,814			N/A					17,645			N/A
Corporate and other distributed products segment			23,745				33,138				49,673				65,400
Total revenues		$	668,682			$	654,686			$	1,359,909			$	1,292,399
Net investment income:
Term life insurance segment		$	12,286			$	8,751			$	23,731			$	17,004
Investment and savings products segment			-				-				-				-
Senior health segment			-			N/A					-			N/A
Corporate and other distributed products segment			8,998				11,784				16,458				23,584
Total net investment income		$	21,284			$	20,535			$	40,189			$	40,588
Amortization of DAC:
Term life insurance segment		$	79,668			$	52,235			$	161,551			$	114,820
Investment and savings products segment			5,463				1,786				9,388				5,061
Senior health segment			-			N/A					-			N/A
Corporate and other distributed products segment			248				265				503				509
Total amortization of DAC		$	85,379			$	54,286			$	171,442			$	120,390
Non-cash share-based compensation expense:
Term life insurance segment		$	618			$	744			$	2,743			$	2,733
Investment and savings products segment			683				658				1,887				1,866
Senior health segment			-			N/A					-			N/A
Corporate and other distributed products segment			4,853				1,137				13,961				9,593
Total non-cash share-based compensation expense		$	6,154			$	2,539			$	18,591			$	14,192
Income (loss) before income taxes:
Term life insurance segment		$	119,879			$	116,776			$	211,455			$	205,012
Investment and savings products segment			58,975				71,154				123,535				134,515
Senior health segment			(16,150	)		N/A					(39,235	)		N/A
Corporate and other distributed products segment			(25,404	)			(18,464	)			(55,451	)			(41,754	)
Total income before income taxes		$	137,300			$	169,466			$	240,304			$	297,773

Total Assets by Segment

Total assets by segment were as follows:

		June 30, 2022				December 31, 2021
		(In thousands)
Assets:
Term life insurance segment		$	7,170,540			$	7,274,820
Investment and savings products segment (1)			2,471,475				2,920,271
Senior health segment			483,123				528,974
Corporate and other distributed products segment			5,203,867				5,399,158
Total assets		$	15,329,005			$	16,123,223

⁽¹⁾ The Investment and Savings Products segment includes assets held in separate accounts. Excluding separate accounts, the Investment and Savings Products segment assets were $112.5 million and $120.3 million as of June 30, 2022 and December 31, 2021, 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 unaudited condensed consolidated balance sheets and condensed consolidated statements of income, were as follows:

		Three months ended June 30,								Six months ended June 30,
		2022				2021				2022				2021
		(In thousands)
Revenues by country:
United States		$	575,517			$	554,516			$	1,161,671			$	1,093,462
Canada			93,165				100,170				198,238				198,937
Total revenues		$	668,682			$	654,686			$	1,359,909			$	1,292,399

		June 30, 2022				December 31, 2021
		(In thousands)
Long-lived assets by country:
United States		$	53,735			$	62,921
Canada			3,451				3,871
Other			232				230
Total long-lived assets		$	57,418			$	67,022

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