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Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Premiums and other considerations $ 58,202 $ 39,382 $ 23,534
Annuity product charges 242,631 251,227 240,035
Net investment income 2,037,475 2,182,078 2,307,635
Change in fair value of derivatives 1,348,735 34,666 906,906
Net realized gains (losses) on investments (13,242) (80,680) 6,962
Other than temporary impairment (OTTI) losses on investments:      
Total OTTI losses 0 0 (18,511)
Portion of OTTI losses recognized from other comprehensive income 0 0 (215)
Net OTTI losses recognized in operations 0 0 (18,726)
Other revenue 15,670 0 0
Loss on extinguishment of debt 0 (2,024) (2,001)
Total revenues 3,689,471 2,424,649 3,464,345
Benefits and expenses:      
Insurance policy benefits and change in future policy benefits 67,983 49,742 35,418
Interest sensitive and index product benefits 2,681,406 1,543,270 1,287,576
Amortization of deferred sales inducements 152,692 438,164 88,585
Change in fair value of embedded derivatives (358,302) (1,286,787) 1,454,042
Interest expense on notes payable 25,581 25,552 25,525
Interest expense on subordinated debentures 5,324 5,557 15,764
Amortization of deferred policy acquisition costs 268,328 649,554 87,717
Other operating costs and expenses 243,712 183,636 154,153
Total benefits and expenses 3,086,724 1,608,688 3,148,780
Income before income taxes 602,747 815,961 315,565
Income tax expense 128,755 144,501 69,475
Net income 473,992 671,460 246,090
Less: Preferred stock dividends 43,675 33,515 0
Net income available to common stockholders $ 430,317 $ 637,945 $ 246,090
Earnings per common share $ 4.58 $ 6.93 $ 2.70
Earnings per common share - assuming dilution $ 4.55 $ 6.90 $ 2.68
Weighted average common shares outstanding: earnings per common share 93,860,378 92,055,035 91,139,453
Weighted average common shares outstanding: earnings per common share - assuming dilution 94,491,159 92,392,496 91,782,242