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Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Premiums and other considerations $ 5,152 $ 7,240 $ 14,688 $ 22,050
Annuity product charges 63,647 58,365 177,313 164,094
Net investment income 590,412 549,391 1,719,418 1,593,457
Change in fair value of derivatives (20,042) 595,311 440,472 276,433
Net realized gains (losses) on investments, excluding other than temporary impairment (OTTI) losses 4,328 (2,196) (67) (40,275)
OTTI losses on investments:        
Total OTTI losses (101) (14,373) (1,099) (16,025)
Portion of OTTI losses recognized from other comprehensive income 0 0 (215) (1,651)
Net OTTI losses recognized in operations (101) (14,373) (1,314) (17,676)
Total revenues 643,396 1,193,738 2,350,510 1,998,083
Benefits and expenses:        
Insurance policy benefits and change in future policy benefits 7,627 10,721 23,865 32,091
Interest sensitive and index product benefits 500,285 413,089 888,062 1,355,135
Amortization of deferred sales inducements (55,769) 55,244 (2,675) 233,779
Change in fair value of embedded derivatives 212,278 383,716 1,306,163 (585,465)
Interest expense on notes payable 6,382 6,376 19,141 19,122
Interest expense on subordinated debentures 3,968 3,942 12,113 11,450
Amortization of deferred policy acquisition costs (120,934) 81,053 (45,856) 336,741
Other operating costs and expenses 38,554 31,924 114,959 95,704
Total benefits and expenses 592,391 986,065 2,315,772 1,498,557
Income before income taxes 51,005 207,673 34,738 499,526
Income tax expense 13,645 38,345 8,798 95,333
Net income $ 37,360 $ 169,328 $ 25,940 $ 404,193
Earnings per common share $ 0.41 $ 1.87 $ 0.28 $ 4.48
Earnings per common share - assuming dilution $ 0.41 $ 1.85 $ 0.28 $ 4.42
Weighted average common shares outstanding: earnings per common share 91,251,590 90,485,567 91,080,681 90,278,209
Weighted average common shares outstanding: earnings per common share - assuming dilution 91,710,557 91,650,886 91,747,862 91,355,410