XML 80 R48.htm IDEA: XBRL DOCUMENT v3.20.4

Federal Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

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

($ in thousands)						2020						2019						2018
Tax at statutory rate						$	63,627					70,642						44,461
Tax-advantaged interest						(4,730)						(4,909)						(5,518)
Dividends received deduction						(514)						(443)						(647)
Executive compensation						2,246						2,985						2,279
Stock-based compensation						(1,846)						(3,253)						(3,093)
Other						(2,150)						(255)						(4,700)
Federal income tax expense						$	56,633					64,767						32,782

Schedule of Deferred Tax Assets and Liabilities

($ in thousands)						2020						2019
Deferred tax assets:
Net loss reserve discounting						$	54,240					48,193
Net unearned premiums						60,842						57,004
Employee benefits						8,943						10,646
Long-term incentive compensation plans						5,472						5,727
Temporary investment write-downs						6,037						1,059
Other						7,195						6,478
Total deferred tax assets						142,729						129,107
Deferred tax liabilities:
Deferred policy acquisition costs						60,601						56,949
Unrealized gains on investment securities						81,142						45,294
Other investment-related items, net						14,760						7,576
Accelerated depreciation and amortization						13,322						12,512
Total deferred tax liabilities						169,825						122,331
Net deferred federal income tax (liability) asset						$	(27,096)					6,776

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