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Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Premiums and other considerations $ 5,757 $ 7,720 $ 14,810 $ 17,122
Annuity product charges 55,006 48,603 105,729 92,175
Net investment income 533,282 493,489 1,044,066 979,086
Change in fair value of derivatives 132,205 266,820 (318,878) 653,353
Net realized gains (losses) on investments, excluding other than temporary impairment (OTTI) losses (38,381) 3,873 (38,079) 6,211
OTTI losses on investments:        
Total OTTI losses (745) 0 (1,652) 0
Portion of OTTI losses recognized in (from) other comprehensive income (1,651) (949) (1,651) (1,090)
Net OTTI losses recognized in operations (2,396) (949) (3,303) (1,090)
Loss on extinguishment of debt 0 (428) 0 (428)
Total revenues 685,473 819,128 804,345 1,746,429
Benefits and expenses:        
Insurance policy benefits and change in future policy benefits 9,276 9,986 21,370 21,861
Interest sensitive and index product benefits 427,951 472,596 942,046 891,735
Amortization of deferred sales inducements 78,112 33,695 178,535 96,020
Change in fair value of embedded derivatives (101,949) 174,973 (969,181) 399,143
Interest expense on notes and loan payable 6,374 8,678 12,746 16,400
Interest expense on subordinated debentures 3,878 3,422 7,508 6,758
Amortization of deferred policy acquisition costs 115,049 49,547 255,688 139,225
Other operating costs and expenses 32,540 25,964 63,780 53,543
Total benefits and expenses 571,231 778,861 512,492 1,624,685
Income before income taxes 114,242 40,267 291,853 121,744
Income tax expense 20,339 13,321 56,988 40,859
Net income $ 93,903 $ 26,946 $ 234,865 $ 80,885
Earnings per common share $ 1.04 $ 0.30 $ 2.60 $ 0.91
Earnings per common share - assuming dilution $ 1.03 $ 0.30 $ 2.58 $ 0.90
Weighted average common shares outstanding: earnings per common share 90,326,747 88,897,203 90,172,812 88,772,831
Weighted average common shares outstanding: earnings per common share - assuming dilution 91,270,848 90,112,284 91,205,953 90,044,639