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Basis of Presentation (Tables)
 6 Months Ended
Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Investment Contract And Life Policy Reserves
This table summarizes the Company’s investment contract and life policy reserves.
 
 
 
June 30,
 
 
 
December 31,
 
 
 
2016
 
 
 
2015
 
 
 
 
 
 
 
 
 
Investment contract reserves
 
$
4,204,207
 
 
 
$
4,072,102
 
Life policy reserves
 
 
1,069,960
 
 
 
 
1,054,740
 
Total
 
$
5,274,167
 
 
 
$
5,126,842
 
Accumulated Other Comprehensive Income (Loss)
The following tables reconcile these components.
 
 
Unrealized Gains
 
 
 
 
 
 
 
 
 
and Losses on
 
 
 
 
 
 
 
 
 
Fixed Maturities
 
 
 
 
 
 
 
 
 
and Equity
 
Defined
 
 
 
 
 
Securities (1)(2)
 
Benefit Plans (1)
 
Total (1)
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance, April 1, 2016
 
$
244,657
 
 
 
$
(11,794
)
 
 
$
232,863
 
Other comprehensive income (loss) before reclassifications
 
 
87,809
 
 
 
 
-
 
 
 
 
87,809
 
Amounts reclassified from accumulated other comprehensive income (loss)
 
 
(2,813
)
 
 
 
-
 
 
 
 
(2,813
)
Net current period other comprehensive income (loss)
 
 
84,996
 
 
 
 
-
 
 
 
 
84,996
 
Ending balance, June 30, 2016
 
$
329,653
 
 
 
$
(11,794
)
 
 
$
317,859
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance, January 1, 2016
 
$
175,167
 
 
 
$
(11,794
)
 
 
$
163,373
 
Other comprehensive income (loss) before reclassifications
 
 
157,780
 
 
 
 
-
 
 
 
 
157,780
 
Amounts reclassified from accumulated other comprehensive income (loss)
 
 
(3,294
)
 
 
 
-
 
 
 
 
(3,294
)
Net current period other comprehensive income (loss)
 
 
154,486
 
 
 
 
-
 
 
 
 
154,486
 
Ending balance, June 30, 2016
 
$
329,653
 
 
 
$
(11,794
)
 
 
$
317,859
 
 
   
(1)
All amounts are net of tax.
(2)
The pretax amounts reclassified from accumulated other comprehensive income (loss), $4,327 and $5,067, are included in net realized investment gains and losses and the related tax expenses, $1,514 and $1,773, are included in income tax expense in the Consolidated Statements of Operations for the three and six months ended June 30, 2016, respectively.
 
 
Unrealized Gains
 
 
 
 
 
 
 
 
 
and Losses on
 
 
 
 
 
 
 
 
 
Fixed Maturities
 
 
 
 
 
 
 
 
 
and Equity
 
Defined
 
 
 
 
 
Securities (1)(2)
 
Benefit Plans (1)
 
Total (1)
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance, April 1, 2015
 
$
335,132
 
 
 
$
(12,953
)
 
 
$
322,179
 
Other comprehensive income (loss) before reclassifications
 
 
(110,185
)
 
 
 
-
 
 
 
 
(110,185
)
Amounts reclassified from accumulated other comprehensive income (loss)
 
 
(1,161
)
 
 
 
-
 
 
 
 
(1,161
)
Net current period other comprehensive income (loss)
 
 
(111,346
)
 
 
 
-
 
 
 
 
(111,346
)
Ending balance, June 30, 2015
 
$
223,786
 
 
 
$
(12,953
)
 
 
$
210,833
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance, January 1, 2015
 
$
297,554
 
 
 
$
(12,953
)
 
 
$
284,601
 
Other comprehensive income (loss) before reclassifications
 
 
(68,815
)
 
 
 
-
 
 
 
 
(68,815
)
Amounts reclassified from accumulated other comprehensive income (loss)
 
 
(4,953
)
 
 
 
-
 
 
 
 
(4,953
)
Net current period other comprehensive income (loss)
 
 
(73,768
)
 
 
 
-
 
 
 
 
(73,768
)
Ending balance, June 30, 2015
 
$
223,786
 
 
 
$
(12,953
)
 
 
$
210,833
 
 
 
(1)
All amounts are net of tax.
(2)
The pretax amounts reclassified from accumulated other comprehensive income (loss), $1,786 and $7,620, are included in net realized investment gains and losses and the related tax expenses, $625 and $2,667, are included in income tax expense in the Consolidated Statements of Operations for the three and six months ended June 30, 2015, respectively.