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Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Premiums and other considerations $ 4,126 $ 5,757 $ 9,536 $ 14,810
Annuity product charges 60,700 55,006 113,666 105,729
Net investment income 570,568 533,282 1,129,006 1,044,066
Change in fair value of derivatives 76,045 132,205 460,514 (318,878)
Net realized losses on investments, excluding other than temporary impairment (OTTI) losses (3,832) (38,381) (4,395) (38,079)
OTTI losses on investments:        
Total OTTI losses (998) (745) (998) (1,652)
Portion of OTTI losses recognized from other comprehensive income (215) (1,651) (215) (1,651)
Net OTTI losses recognized in operations (1,213) (2,396) (1,213) (3,303)
Total revenues 706,394 685,473 1,707,114 804,345
Benefits and expenses:        
Insurance policy benefits and change in future policy benefits 6,939 9,276 16,238 21,370
Interest sensitive and index product benefits 251,103 427,951 387,777 942,046
Amortization of deferred sales inducements 19,785 78,112 53,094 178,535
Change in fair value of embedded derivatives 327,562 (101,949) 1,093,885 (969,181)
Interest expense on notes payable 6,380 6,374 12,759 12,746
Interest expense on subordinated debentures 4,057 3,878 8,145 7,508
Amortization of deferred policy acquisition costs 29,946 115,049 75,078 255,688
Other operating costs and expenses 37,426 32,540 76,405 63,780
Total benefits and expenses 683,198 571,231 1,723,381 512,492
Income (loss) before income taxes 23,196 114,242 (16,267) 291,853
Income tax expense (benefit) 4,606 20,339 (4,847) 56,988
Net income (loss) $ 18,590 $ 93,903 $ (11,420) $ 234,865
Earnings (loss) per common share $ 0.20 $ 1.04 $ (0.13) $ 2.60
Earnings (loss) per common share - assuming dilution $ 0.20 $ 1.03 $ (0.13) $ 2.58
Weighted average common shares outstanding: earnings (loss) per common share 91,103,151 90,326,747 90,993,810 90,172,812
Weighted average common shares outstanding: earnings (loss) per common share - assuming dilution 91,785,223 91,270,848 91,765,098 91,205,953