XML 295 R39.htm IDEA: XBRL DOCUMENT v3.10.0.1
Statutory Information and Restrictions (Tables)
 12 Months Ended
Dec. 31, 2018
Insurance [Abstract]  
Statutory surplus and subsidiary dividend restrictions Reconciliations of statutory capital and surplus and net income, as determined using statutory accounting principles, to the amounts included in the accompanying consolidated financial statements are as follows:
($ in thousands)
 
December 31,
 
 
2018
 
2017
 
 
 
 
 
Statutory capital and surplus of insurance subsidiaries
 
$
903,564

 
$
944,139

Increase (decrease) due to:
 
 
 
 
Deferred policy acquisition costs
 
298,742

 
257,826

Difference in policyholder reserves
 
142,601

 
111,188

Goodwill
 
47,396

 
47,396

Investment fair value adjustments on fixed maturity securities
 
142,512

 
415,775

Difference in investment reserves
 
105,430

 
111,225

Federal income tax liability
 
(115,667
)
 
(162,634
)
Net funded status of benefit plans
 
(15,495
)
 
(16,789
)
Non-admitted assets and other, net
 
20,412

 
28,870

Shareholders' equity of parent company and
non-insurance subsidiaries
 
8,795

 
12,046

Parent company short-term and long-term debt
 
(247,740
)
 
(247,469
)
Shareholders' equity as reported herein
 
$
1,290,550

 
$
1,501,573

 
($ in thousands)
 
Years Ended December 31,
 
 
2018
 
2017
 
2016
 
 
 
 
 
 
 
Statutory net income of insurance subsidiaries
 
$
45,977

 
$
82,587

 
$
74,574

Net loss of non-insurance companies
 
(9,755
)
 
(4,496
)
 
(5,135
)
Interest expense
 
(11,892
)
 
(11,836
)
 
(11,808
)
Tax benefit of interest expense and other
parent company current tax adjustments
 
121

 
5,654

 
5,637

Combined net income
 
24,451

 
71,909

 
63,268

Increase (decrease) due to:
 
 

 
 

 
 

Deferred policy acquisition costs
 
1,015

 
9,385

 
19,442

Policyholder benefits
 
26,318

 
30,609

 
14,919

Federal income tax (expense) benefit
 
3,020

 
84,198

 
(5,312
)
Investment reserves
 
(31,529
)
 
(20,966
)
 
(1,320
)
Other adjustments, net
 
(4,932
)
 
(5,676
)
 
(7,232
)
Net income as reported herein
 
$
18,343

 
$
169,459

 
$
83,765