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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, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018
Revenues: |  |  |  |  |  |  |  |  |  |  |
Net investment income | $ 521,725 | $ 543,331 | $ 543,704 | $ 573,318 | $ 588,217 | $ 590,412 | $ 570,568 | $ 558,438 | $ 2,182,078 | $ 2,307,635 | $ 2,147,812
Change in fair value of derivatives | 443,867 | 205,011 | 327,662 | (941,874) | 466,434 | (20,042) | 76,045 | 384,469 | 34,666 | 906,906 | (777,848)
Loss on extinguishment of debt | 0 | 0 | 0 | (2,024) | (2,001) | 0 | 0 | 0 | (2,024) | (2,001) | 0
Total revenues | 1,029,699 | 798,705 | 919,948 | (323,703) | 1,113,835 | 643,396 | 706,394 | 1,000,720 | 2,424,649 | 3,464,345 | 1,547,098
Expenses: |  |  |  |  |  |  |  |  |  |  |
Interest expense on notes payable |  |  |  |  |  |  |  |  | 25,552 | 25,525 | 25,498
Interest expense on subordinated debentures issued to subsidiary trusts |  |  |  |  |  |  |  |  | 5,557 | 15,764 | 15,491
Other operating costs and expenses |  |  |  |  |  |  |  |  | 183,636 | 154,153 | 129,301
Total benefits and expenses |  |  |  |  |  |  |  |  | 1,608,688 | 3,148,780 | 981,356
Income tax expense |  |  |  |  |  |  |  |  | 144,501 | 69,475 | 107,726
Net income |  |  |  |  |  |  |  |  | 671,460 | 246,090 | 458,016
Less: Preferred stock dividends |  |  |  |  |  |  |  |  | 33,515 | 0 | 0
Net income available to common stockholders | $ (6,262) | $ 661,250 | $ (253,379) | $ 236,336 | $ 220,150 | $ 37,360 | $ 18,590 | $ (30,010) | 637,945 | 246,090 | 458,016
Parent Company |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |
Net investment income |  |  |  |  |  |  |  |  | 1,115 | 1,755 | 773
Dividends from subsidiary trusts |  |  |  |  |  |  |  |  | 167 | 469 | 461
Dividends from dissolved subsidiaries |  |  |  |  |  |  |  |  | 0 | 0 | 10,393
Surplus note interest from subsidiary |  |  |  |  |  |  |  |  | 4,080 | 4,080 | 4,080
Change in fair value of derivatives |  |  |  |  |  |  |  |  | 62 | (1,650) | 1,051
Loss on extinguishment of debt |  |  |  |  |  |  |  |  | (2,024) | (2,001) | 0
Other |  |  |  |  |  |  |  |  | 346 | 0 | 0
Total revenues |  |  |  |  |  |  |  |  | 117,974 | 110,598 | 109,093
Expenses: |  |  |  |  |  |  |  |  |  |  |
Interest expense on notes payable |  |  |  |  |  |  |  |  | 25,552 | 25,525 | 25,498
Interest expense on subordinated debentures issued to subsidiary trusts |  |  |  |  |  |  |  |  | 5,557 | 15,764 | 15,491
Other operating costs and expenses |  |  |  |  |  |  |  |  | 46,686 | 28,357 | 18,579
Total benefits and expenses |  |  |  |  |  |  |  |  | 77,795 | 69,646 | 59,568
Income before income taxes and equity in undistributed income of subsidiaries |  |  |  |  |  |  |  |  | 40,179 | 40,952 | 49,525
Income tax expense |  |  |  |  |  |  |  |  | 13,142 | 11,586 | 2,603
Income before equity in undistributed income of subsidiaries |  |  |  |  |  |  |  |  | 27,037 | 29,366 | 46,922
Equity in undistributed income of subsidiaries |  |  |  |  |  |  |  |  | 644,423 | 216,724 | 411,094
Net income |  |  |  |  |  |  |  |  | 671,460 | 246,090 | 458,016
Less: Preferred stock dividends |  |  |  |  |  |  |  |  | 33,515 | 0 | 0
Net income available to common stockholders |  |  |  |  |  |  |  |  | 637,945 | 246,090 | 458,016
Investment Advisory Fees | Parent Company |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |
Investment advisory fees |  |  |  |  |  |  |  |  | $ 114,228 | $ 107,945 | $ 92,335

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