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Schedule II - Condensed Financial Information of Registrant (Condensed Statements of Operations) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
Revenues: |  |  |  |  |  |  |  |  |  |  |
Net investment income | $ 588,217 | $ 590,412 | $ 570,568 | $ 558,438 | $ 554,355 | $ 549,391 | $ 533,282 | $ 510,784 | $ 2,307,635 | $ 2,147,812 | $ 1,991,997
Change in fair value of derivatives | 466,434 | (20,042) | 76,045 | 384,469 | (1,054,281) | 595,311 | 132,205 | (451,083) | 906,906 | (777,848) | 1,677,871
Loss on extinguishment of debt | (2,001) | 0 | 0 | 0 |  |  |  |  | (2,001) | 0 | (18,817)
Total revenues | 1,113,835 | 643,396 | 706,394 | 1,000,720 | (450,985) | 1,193,738 | 685,473 | 118,872 | 3,464,345 | 1,547,098 | 3,891,652
Expenses: |  |  |  |  |  |  |  |  |  |  |
Interest expense on notes and loan payable |  |  |  |  |  |  |  |  | 25,525 | 25,498 | 30,368
Interest expense on subordinated debentures issued to subsidiary trusts |  |  |  |  |  |  |  |  | 15,764 | 15,491 | 14,124
Other operating costs and expenses |  |  |  |  |  |  |  |  | 154,153 | 129,301 | 111,691
Total benefits and expenses |  |  |  |  |  |  |  |  | 3,148,780 | 981,356 | 3,575,381
Income tax expense |  |  |  |  |  |  |  |  | 69,475 | 107,726 | 141,626
Net income | $ 220,150 | $ 37,360 | $ 18,590 | $ (30,010) | $ 53,823 | $ 169,328 | $ 93,903 | $ 140,962 | 246,090 | 458,016 | 174,645
Parent Company |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |
Net investment income |  |  |  |  |  |  |  |  | 1,755 | 773 | 492
Dividends from subsidiary trusts |  |  |  |  |  |  |  |  | 469 | 461 | 410
Dividends from dissolved subsidiaries |  |  |  |  |  |  |  |  | 0 | 10,393 | 0
Surplus note interest from subsidiary |  |  |  |  |  |  |  |  | 4,080 | 4,080 | 4,080
Change in fair value of derivatives |  |  |  |  |  |  |  |  | (1,650) | 1,051 | (412)
Loss on extinguishment of debt |  |  |  |  |  |  |  |  | (2,001) | 0 | (18,817)
Total revenues |  |  |  |  |  |  |  |  | 110,598 | 109,093 | 69,694
Expenses: |  |  |  |  |  |  |  |  |  |  |
Interest expense on notes and loan payable |  |  |  |  |  |  |  |  | 25,525 | 25,498 | 30,368
Interest expense on subordinated debentures issued to subsidiary trusts |  |  |  |  |  |  |  |  | 15,764 | 15,491 | 14,124
Other operating costs and expenses |  |  |  |  |  |  |  |  | 28,357 | 18,579 | 9,234
Total benefits and expenses |  |  |  |  |  |  |  |  | 69,646 | 59,568 | 53,726
Income before income taxes and equity in undistributed income of subsidiaries |  |  |  |  |  |  |  |  | 40,952 | 49,525 | 15,968
Income tax expense |  |  |  |  |  |  |  |  | 11,586 | 2,603 | 6,895
Income before equity in undistributed income of subsidiaries |  |  |  |  |  |  |  |  | 29,366 | 46,922 | 9,073
Equity in undistributed income of subsidiaries |  |  |  |  |  |  |  |  | 216,724 | 411,094 | 165,572
Net income |  |  |  |  |  |  |  |  | 246,090 | 458,016 | 174,645
Investment Advisory Fees | Parent Company |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |
Investment advisory fees |  |  |  |  |  |  |  |  | $ 107,945 | $ 92,335 | $ 83,941

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