XML 125 R46.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Federal Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Income Tax Disclosure [Abstract] |
Schedule of Reconciliation of Federal Income Tax on Income at the Corporate Rate to the Effective Tax Rate |
($ in thousands) |  | 2019 |  | 2018 |  | 2017
Tax at statutory rate (21% in 2019 and 2018 and 35% in 2017) |  | $ | 70,642 |  |  | 44,461 |  |  | 91,689 |
Tax-advantaged interest |  | (4,909 | ) |  | (5,518 | ) |  | (11,510 | )
Dividends received deduction |  | (443 | ) |  | (647 | ) |  | (1,961 | )
Executive compensation |  | 2,985 |  |  | 2,279 |  |  | — |
Stock-based compensation |  | (3,253 | ) |  | (3,093 | ) |  | (4,281 | )
Tax Reform deferred tax write off |  | — |  |  | — |  |  | 20,205 |
Other 1 |  | (255 | ) |  | (4,700 | ) |  | (1,000 | )
Federal income tax expense |  | $ | 64,767 |  |  | 32,782 |  |  | 93,142 |
Schedule of Deferred Tax Assets and Liabilities |
($ in thousands) |  | 2019 |  | 2018
Deferred tax assets: |  |  |  |  |  |
Net loss reserve discounting |  | $ | 48,193 |  |  | 43,285 |
Net unearned premiums |  | 57,004 |  |  | 53,556 |
Employee benefits |  | 10,646 |  |  | 8,862 |
Long-term incentive compensation plans |  | 5,727 |  |  | 9,095 |
Temporary investment write-downs |  | 1,059 |  |  | 1,155 |
Other |  | 6,478 |  |  | 5,744 |
Total deferred tax assets |  | 129,107 |  |  | 121,697 |
Deferred tax liabilities: |  |  |  |  |  |
Deferred policy acquisition costs |  | 56,949 |  |  | 53,049 |
Unrealized gains on investment securities |  | 45,294 |  |  | 502 |
Other investment-related items, net |  | 7,576 |  |  | 4,904 |
Accelerated depreciation and amortization |  | 12,512 |  |  | 9,702 |
Total deferred tax liabilities |  | 122,331 |  |  | 68,157 |
Net deferred federal income tax asset |  | $ | 6,776 |  |  | 53,540 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration