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Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Premiums and other considerations $ 26,480 $ 34,228 $ 43,767
Annuity product charges 224,488 200,494 173,579
Net investment income 2,147,812 1,991,997 1,849,872
Change in fair value of derivatives (777,848) 1,677,871 164,219
Net realized gains (losses) on investments, excluding other than temporary impairment (OTTI) losses (37,178) 10,509 11,524
OTTI losses on investments:      
Total OTTI losses (35,005) (2,758) (21,349)
Portion of OTTI losses recognized in (from) other comprehensive income (1,651) (1,872) (1,330)
Net OTTI losses recognized in operations (36,656) (4,630) (22,679)
Loss on extinguishment of debt 0 (18,817) 0
Total revenues 1,547,098 3,891,652 2,220,282
Benefits and expenses:      
Insurance policy benefits and change in future policy benefits 39,530 43,219 52,483
Interest sensitive and index product benefits 1,610,835 2,023,668 725,472
Amortization of deferred sales inducements 222,201 176,612 251,166
Change in fair value of embedded derivatives (1,389,491) 919,735 543,465
Interest expense on notes and loan payable 25,498 30,368 28,248
Interest expense on subordinated debentures 15,491 14,124 12,958
Amortization of deferred policy acquisition costs 327,991 255,964 374,012
Other operating costs and expenses 129,301 111,691 102,231
Total benefits and expenses 981,356 3,575,381 2,090,035
Income before income taxes 565,742 316,271 130,247
Income tax expense 107,726 141,626 47,004
Net income $ 458,016 $ 174,645 $ 83,243
Earnings per common share $ 5.07 $ 1.96 $ 0.98
Earnings per common share - assuming dilution $ 5.01 $ 1.93 $ 0.97
Weighted average common shares outstanding: earnings per common share 90,347,915 88,982,442 84,793,151
Weighted average common shares outstanding: earnings per common share - assuming dilution 91,422,585 90,311,008 85,605,169