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Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Premiums and other considerations $ 7,240 $ 8,569 $ 22,050 $ 25,691
Annuity product charges 58,365 51,931 164,094 144,106
Net investment income 549,391 500,202 1,593,457 1,479,288
Change in fair value of derivatives 595,311 362,525 276,433 1,015,878
Net realized gains (losses) on investments, excluding other than temporary impairment (OTTI) losses (2,196) 1,579 (40,275) 7,790
OTTI losses on investments:        
Total OTTI losses (14,373) (273) (16,025) (273)
Portion of OTTI losses recognized in (from) other comprehensive income 0 (191) (1,651) (1,281)
Net OTTI losses recognized in operations (14,373) (464) (17,676) (1,554)
Loss on extinguishment of debt 0 (18,389) 0 (18,817)
Total revenues 1,193,738 905,953 1,998,083 2,652,382
Benefits and expenses:        
Insurance policy benefits and change in future policy benefits 10,721 10,823 32,091 32,684
Interest sensitive and index product benefits 413,089 501,028 1,355,135 1,392,763
Amortization of deferred sales inducements 55,244 14,707 233,779 110,727
Change in fair value of embedded derivatives 383,716 229,702 (585,465) 628,845
Interest expense on notes and loan payable 6,376 7,597 19,122 23,997
Interest expense on subordinated debentures 3,942 3,502 11,450 10,260
Amortization of deferred policy acquisition costs 81,053 23,023 336,741 162,248
Other operating costs and expenses 31,924 28,782 95,704 82,325
Total benefits and expenses 986,065 819,164 1,498,557 2,443,849
Income before income taxes 207,673 86,789 499,526 208,533
Income tax expense 38,345 29,832 95,333 70,691
Net income $ 169,328 $ 56,957 $ 404,193 $ 137,842
Earnings per common share $ 1.87 $ 0.64 $ 4.48 $ 1.55
Earnings per common share - assuming dilution $ 1.85 $ 0.63 $ 4.42 $ 1.53
Weighted average common shares outstanding: earnings per common share 90,485,567 89,068,770 90,278,209 88,872,562
Weighted average common shares outstanding: earnings per common share - assuming dilution 91,650,886 90,420,530 91,355,410 90,171,020