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Federal Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Reconciliation of Federal Income Tax on Income at the Corporate Rate to the Effective Tax Rate

($ in thousands)		2018				2017			2016
Tax at statutory rate (21% in 2018 and 35% in 2017 and 2016)		$	44,461			91,689			76,984
Tax-advantaged interest		(5,518		)		(11,510	)		(12,126	)
Dividends received deduction		(647		)		(1,961	)		(1,114	)
Executive compensation		2,279				—			121
Stock-based compensation		(3,093		)		(4,281	)		—
Tax Reform deferred tax write off		—				20,205			—
Other 1		(4,700		)		(1,000	)		(2,405	)
Federal income tax expense from continuing operations		$	32,782			93,142			61,460

Schedule of Deferred Tax Assets and Liabilities

($ in thousands)		2018				2017
Deferred tax assets:
Net loss reserve discounting		$	43,285			38,771
Net unearned premiums		53,556				50,267
Employee benefits		8,862				8,606
Long-term incentive compensation plans		9,095				12,221
Temporary investment write-downs		1,155				1,044
Net operating loss		—				54
Other		5,744				5,784
Total deferred tax assets		121,697				116,747
Deferred tax liabilities:
Deferred policy acquisition costs		53,049				47,484
Unrealized gains on investment securities		502				26,183
Other investment-related items, net		4,904				2,500
Accelerated depreciation and amortization		9,702				8,590
Total deferred tax liabilities		68,157				84,757
Net deferred federal income tax asset		$	53,540			31,990

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- References

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- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

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- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

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