FBL Financial (FFG) 10-Q 6 Aug 20 2020 Q2 Quarterly report Financial data

Document and entity information

Document and entity information Document - shares	6 Months Ended
	Jun. 30, 2020	Aug. 03, 2020
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	1-11917
Entity Registrant Name	FBL FINANCIAL GROUP, INC.
Entity Incorporation, State or Country Code	IA
Entity Tax Identification Number	42-1411715
Entity Address, Address Line One	5400 University Avenue,
Entity Address, City or Town	West Des Moines,
Entity Address, State or Province	IA
Entity Address, Postal Zip Code	50266-5997
City Area Code	(515)
Local Phone Number	225-5400
Title of 12(b) Security	Class A Common Stock, without par value
Trading Symbol	FFG
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001012771
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Class A
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		24,372,032
Common Class B
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		11,413

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Investments:
Fixed maturities - available for sale, at fair value (amortized cost 2020 - $7,202,072, 2019 - $7,015,269; and allowance for credit losses 2020 - $13,219, 2019 - $0)	$ 8,107,499	$ 7,702,628
Equity securities at fair value (cost: 2020 - $95,811, 2019 - $95,269)	91,857	100,228
Mortgage loans (net of allowance for credit losses 2020 - $2,703, 2019 - $0)	990,872	1,011,678
Real estate	955	955
Policy loans	200,923	201,589
Short-term investments	16,240	11,865
Other investments	53,163	62,680
Total investments	9,461,509	9,091,623
Cash and cash equivalents	15,777	17,277
Securities and indebtedness of related parties	82,628	74,791
Accrued investment income	72,607	72,332
Amounts receivable from affiliates	3,469	4,357
Reinsurance recoverable	110,991	107,498
Deferred acquisition costs	231,572	289,456
Value of insurance in force acquired	2,464	2,624
Current income taxes recoverable	5,092	6,427
Other assets	163,666	167,940
Assets held in separate accounts	599,203	645,881
Total assets	10,748,978	10,480,206
Future policy benefits:
Interest sensitive products	5,747,799	5,548,212
Traditional life insurance and accident and health products	1,869,932	1,845,337
Other policy claims and benefits	48,308	46,883
Supplementary contracts without life contingencies	288,903	296,915
Advance premiums and other deposits	258,867	253,458
Amounts payable to affiliates	812	1,218
Long-term debt	97,000	97,000
Deferred Income Taxes	178,676	152,373
Other liabilities	91,717	107,013
Liabilities related to separate accounts	599,203	645,881
Total liabilities	9,181,217	8,994,290
FBL Financial Group, Inc. stockholders' equity:
Preferred stock, without par value, at liquidation value - authorized 10,000,000 shares, issued and outstanding 5,000,000 Series B shares	3,000	3,000
Accumulated other comprehensive income	481,626	354,764
Retained earnings	930,937	975,260
Total FBL Financial Group, Inc. stockholders’ equity	1,567,803	1,485,757
Noncontrolling interest	(42)	159
Total stockholders’ equity	1,567,761	1,485,916
Total liabilities and stockholders’ equity	10,748,978	10,480,206
Class A common stock, without par value - authorized 88,500,000 shares, issued and outstanding 24,532,588 shares in 2020 and 24,652,802 shares in 2019
FBL Financial Group, Inc. stockholders' equity:
Common stock, without par value	152,168	152,661
Class B common stock, without par value - authorized 1,500,000 shares, issued and outstanding 11,413 shares in 2020 and 2019
FBL Financial Group, Inc. stockholders' equity:
Common stock, without par value	$ 72	$ 72

Consolidated Balance Sheet Pare

Consolidated Balance Sheet Parenthetical disclosure - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis	$ 7,202,072	$ 7,015,269
Equity Securities, Cost	$ 96,882	$ 95,269
Common Stock, Shares, Outstanding	24,544,001	24,664,215
Preferred Stock
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	5,000,000	5,000,000
Preferred Stock, Shares Outstanding	5,000,000	5,000,000
Common Class A
Common Stock, Shares Authorized	88,500,000	88,500,000
Common Stock, Shares, Issued	24,532,588	24,652,802
Common Stock, Shares, Outstanding	24,532,588	24,652,802
Common Class B
Common Stock, Shares Authorized	1,500,000	1,500,000
Common Stock, Shares, Issued	11,413	11,413
Common Stock, Shares, Outstanding	11,413	11,413

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues:
Interest sensitive product charges	$ 32,909	$ 32,534	$ 64,629	$ 63,800
Traditional life insurance premiums	50,329	50,987	99,637	100,379
Net investment income	110,435	104,894	185,352	214,534
Net realized capital gains (losses)	2,753	377	(10,648)	10,534
Change in allowance for credit losses on investments	(497)	0	(12,758)	0
Other than Temporary Impairment Losses	0	0	0	(869)
Other income	4,784	4,114	9,764	8,084
Total revenues	200,713	192,906	335,976	396,462
Benefits and expenses:
Interest sensitive product benefits	79,103	65,223	123,454	135,819
Traditional life insurance benefits	45,112	41,960	91,320	88,635
Policyholder dividends	1,617	2,564	4,146	5,098
Underwriting, acquisition and insurance expenses	33,492	38,948	72,913	75,137
Interest expense	1,213	1,212	2,426	2,424
Other expenses	7,225	6,635	14,646	12,885
Total benefits and expenses	167,762	156,542	308,905	319,998
Income before equity method investments, income taxes and noncontrolling interest	32,951	36,364	27,071	76,464
Income tax	(6,085)	(5,511)	(3,004)	(11,787)
Equity income (loss), net of related income taxes	(743)	1,404	(515)	1,624
Net income	26,123	32,257	23,552	66,301
Net loss attributable to noncontrolling interest	88	41	144	40
Net income attributable to FBL Financial Group, Inc.	$ 26,211	$ 32,298	$ 23,696	$ 66,341
Earnings per common share	$ 1.06	$ 1.30	$ 0.95	$ 2.68
Earnings per common share - assuming dilution	$ 1.06	$ 1.30	$ 0.95	$ 2.68

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income Statement - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Net income		$ 26,123	$ 32,257	$ 23,552	$ 66,301
Change in net unrealized investment gains/losses	[1]	222,955	113,416	126,366	211,056
Change in underfunded status of postretirement benefit plans	[1]	249	211	496	419
Total other comprehensive income, net of tax	[1]	223,204	113,627	126,862	211,475
Total comprehensive income, net of tax		249,327	145,884	150,414	277,776
Comprehensive loss attributable to noncontrolling interest		88	41	144	40
Total comprehensive income applicable to FBL Financial Group, Inc.		$ 249,415	$ 145,925	$ 150,558	$ 277,816
[1]	Other comprehensive income is recorded net of deferred income taxes and other adjustments for assumed changes in deferred acquisition costs, value of insurance in force acquired, unearned revenue reserve and policyholder liabilities.

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholder's Equity - USD ($) $ in Thousands	Total		Series B Preferred Stock	Class A and Class B Common Stock	Accumulated Other Comprehensive Income	Retained Earnings	Non- controlling Interest	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, AdjustmentRetained Earnings
Balance at Dec. 31, 2018	$ 1,184,259		$ 3,000	$ 152,724	$ 91,318	$ 937,097	$ 120
Balance (Accounting Standards Update 2016-02) at Dec. 31, 2018								$ 595	$ 595
Net income	66,301					66,341	(40)
Other comprehensive income	211,475	[1]			211,475
Stock-based compensation	212			212
Purchase of common stock	(4,577)			(410)		(4,167)
Dividends on preferred stock	(75)					(75)
Dividends on common stock	(60,648)					(60,648)
Balance at Jun. 30, 2019	1,397,542		3,000	152,526	302,793	939,143	80
Balance at Mar. 31, 2019	1,263,521		3,000	152,516	189,166	918,718	121
Net income	32,257					32,298	(41)
Other comprehensive income	113,627	[1]			113,627
Stock-based compensation	10			10
Dividends on preferred stock	(37)					(37)
Dividends on common stock	(11,836)					(11,836)
Balance at Jun. 30, 2019	1,397,542		3,000	152,526	302,793	939,143	80
Balance at Dec. 31, 2019	1,485,916		3,000	152,733	354,764	975,260	159
Balance (Accounting Standards Update 2016-13) at Dec. 31, 2019								$ (2,685)	$ (2,685)
Net income	23,552					23,696	(144)
Net income | Accounting Standards Update 2016-13	700
Other comprehensive income	126,862	[1]			126,862
Stock-based compensation	310			310
Purchase of common stock	(4,409)			(803)		(3,606)
Dividends on preferred stock	(75)					(75)
Dividends on common stock	(61,653)					(61,653)
Noncontrolling Interest, Period Increase (Decrease)	(57)						(57)
Balance at Jun. 30, 2020	1,567,761		3,000	152,240	481,626	930,937	(42)
Balance at Mar. 31, 2020	1,334,322		3,000	152,826	258,422	920,032	42
Net income	26,123					26,211	(88)
Net income | Accounting Standards Update 2016-13	800
Other comprehensive income	223,204	[1]			223,204
Stock-based compensation	65			65
Purchase of common stock	(3,600)			(651)		(2,949)
Dividends on preferred stock	(37)					(37)
Dividends on common stock	(12,320)					(12,320)
Noncontrolling Interest, Period Increase (Decrease)	4						4
Balance at Jun. 30, 2020	$ 1,567,761		$ 3,000	$ 152,240	$ 481,626	$ 930,937	$ (42)
[1]	Other comprehensive income is recorded net of deferred income taxes and other adjustments for assumed changes in deferred acquisition costs, value of insurance in force acquired, unearned revenue reserve and policyholder liabilities.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Operating activities
Net income	$ 23,552	$ 66,301
Adjustments to reconcile net income to net cash provided by operating activities:
Interest credited to account balances	83,621	80,152
Charges for mortality, surrenders and administration	(66,307)	(62,978)
Net realized (gains) losses on investments	23,406	(9,665)
Change in fair value of derivatives	1,904	(1,242)
Increase in liabilities for life insurance and other future policy benefits	39,730	34,593
Deferral of acquisition costs	(17,415)	(22,628)
Amortization of deferred acquisition costs and value of insurance in force	15,565	17,176
Change in reinsurance recoverable	(4,157)	742
Provision for deferred income taxes	(6,707)	3,020
Other	730	(19,850)
Net cash provided by operating activities	93,922	85,621
Sales, maturities or repayments:
Fixed maturities - available for sale	224,217	314,460
Equity securities	1,848	5,085
Mortgage loans	46,603	49,386
Derivative instruments	8,528	7,314
Policy loans	18,674	18,057
Securities and indebtedness of related parties	1,754	4,466
Other long-term investments	2,888	2,950
Acquisitions:
Fixed maturities - available for sale	(403,697)	(346,440)
Equity securities	(2,334)	(13,092)
Mortgage loans	(28,500)	(25,902)
Derivative instruments	(487)	(9,766)
Policy loans	(18,008)	(20,937)
Securities and indebtedness of related parties	(11,377)	(11,476)
Other long-term investments	(9,671)	(2,788)
Short-term investments, net change	(4,375)	6,192
Purchases and disposals of property and equipment, net	(5,331)	(7,931)
Net cash used in investing activities	(179,268)	(30,422)
Financing activities
Contract holder account deposits	449,425	316,988
Contract holder account withdrawals	(299,586)	(311,187)
Dividends paid	(61,728)	(60,723)
Proceeds from Issuance of Short-Term Debt	10,000	4,000
Repayments of Short-Term Debt	(10,000)	(4,000)
Issuance or repurchase of common stock, net	(4,208)	(5,458)
Proceeds from (Payments for) Other Financing Activities	(57)	0
Net cash provided by (used in) financing activities	83,846	(60,380)
Decrease in cash and cash equivalents	(1,500)	(5,181)
Cash and cash equivalents at beginning of period	17,277	19,035
Cash and cash equivalents at end of period	15,777	13,854
Supplemental disclosures of cash flow information
Interest Paid, Excluding Capitalized Interest, Operating Activities	(2,438)	(2,426)
Cash (paid) received during the period for income taxes	$ (1,955)	$ (30)

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Significant Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Basis of Presentation The accompanying unaudited consolidated financial statements of FBL Financial Group, Inc. (we or the Company) have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. Our financial statements include all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of our financial position and results of operations. Operating results for the three months ended June 30, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020 , especially when considering the risks and uncertainties associated with the novel coronavirus ("COVID-19") and the impact it may have on our business, results of operations and financial condition. We encourage you to refer to the notes to our consolidated financial statements included in Item 8 of our Form 10-K for the year ended December 31, 2019 for a complete description of our material accounting policies. Also included in the Form 10-K is a description of areas of judgments and estimates and other information necessary to understand our financial position and results of operations. Our estimates and assumptions could change in the future as more information becomes known about the impact of COVID-19. Our results of operations and financial condition may also be impacted by evolving regulatory, legislative and accounting interpretations and guidance. New Accounting Pronouncements Description Date of adoption Effect on our consolidated financial statements or other significant matters Standards adopted: Leases In February 2016, the FASB issued a new lease accounting standard, which, for most lessees, results in a gross-up of the balance sheet. Under the new standard, lessees recognize the leased assets on the balance sheet and recognize a corresponding liability for the present value of lease payments over the lease term. The new standard requires the application of judgment and estimates. Also, there are accounting policy elections that may be taken both at transition and for the accounting post-transition, including whether to adopt a short-term lease recognition exemption. January 1, 2019 Upon adoption using the modified retrospective approach, a cumulative effect adjustment of $0.6 million was recorded to retained earnings, representing the elimination of a deferred gain on a sale-leaseback transaction, and both other assets and other liabilities increased by $7.2 million. We elected the practical expedients provided for under the guidance but did not use hindsight in determining lease term. We have no finance leases and have elected to treat leases with terms of twelve months or less as short-term leases. Description Date of adoption Effect on our consolidated financial statements or other significant matters Standards adopted: Financial instruments - credit impairment In June 2016, the FASB issued guidance amending the accounting for the credit impairment of certain financial instruments. Under the new guidance, credit losses are estimated using an expected loss model under which an allowance for credit losses is established and reflected as a charge to earnings. The allowance is based on the probability of loss over the life of the instrument, considering historical, current and forecast information. The new guidance differs significantly from the incurred loss model used historically, and results in the earlier recognition of credit losses. Since changes in the allowance are reflected in earnings, the new guidance may increase the volatility of earnings as the assumptions used in estimating the allowance are revised. Our available-for-sale fixed maturities will continue to apply the incurred loss model; however, such losses will also be in the form of an allowance for credit losses rather than an adjustment to the cost basis of the security. The new guidance permits entities to recognize improvements in credit loss estimates on fixed maturity available-for-sale securities by immediately reducing the allowance through earnings. January 1, 2020 Upon adoption using the modified retrospective approach, a cumulative effect adjustment of $2.7 million after offsets was recorded to retained earnings as of the first reporting period in which the new guidance was effective. The cumulative effect adjustment arose from the establishment of an allowance for credit losses on our mortgage loan investments totaling $3.1 million and reinsurance recoverable totaling $0.9 million, before offsets. See the discussion that follows for further information. Application of this guidance resulted in a increase to net income of $0.7 million ($0.03 per basic and diluted share) during the six months ended June 30, 2020 and $0.8 million ($0.03 per basic and diluted earnings per share) during the second quarter of 2020. Prior periods were not restated. Standards not yet adopted: Targeted improvements: long-duration contracts In August 2018, the FASB issued guidance that will change the accounting for long-duration insurance contracts. The new guidance impacts several facets of the accounting for such contracts including the accounting for future policy benefits associated with traditional non-participating and limited payment insurance contracts as well as for guaranteed minimum benefits and the amortization model used for deferred acquisition costs. Disclosures as well as presentation of financial results will also change under the new guidance. January 1, 2022 We are currently evaluating the impact of this guidance on our consolidated financial statements but expect the impact to the timing of profit emergence for the impacted insurance contracts to be significant. Adoption of certain portions of the guidance may be applied on a modified retrospective basis and others on a full retrospective basis. Allowance for Credit Losses As discussed above, effective January 1, 2020, we were required to apply new accounting guidance for the treatment of potential credit losses within certain financial instruments. Our accounting policies and practices as they pertain to the financial instruments impacted by this new guidance are as follows: Fixed Maturities When the fair value of a fixed maturity security is below its amortized cost, an impairment has occurred. To the extent we decide to sell the security or are required to sell the security prior to its recovery of fair value, a charge is taken to realized investment losses as reported within the Consolidated Statement of Operations, and the amortized cost basis of the security is adjusted for the loss. Under the accounting guidance we followed prior to January 1, 2020, to the extent we had no plan or requirement to sell an impaired security, but believed the impairment was other-than-temporary, we similarly recorded a charge to realized investment losses and the amortized cost basis of the security was adjusted for the loss. Beginning in 2020, to the extent an unrealized loss is due to credit, an allowance for credit loss is recognized within the Consolidated Statement of Operations. While fixed maturities are reported net of the allowance for credit losses in our Consolidated Balance Sheet, the allowance is not considered an adjustment to the amortized cost of the security. Accordingly the allowance may increase or decrease over the life of the security based on changes in the assumptions used to determine the allowance, with such changes reported as “Change in allowance for credit losses on investments” within the Consolidated Statement of Operations. Fixed maturity securities are written-off to realized investment losses if we determine that no additional payments of principal or interest will be received. The factors considered in determining whether an allowance for credit losses is required are consistent with those considered in determining whether an other-than-temporary impairment loss had occurred under the accounting guidance we followed prior to January 1, 2020 as discussed in Item 8 of our Form 10-K for the year ended December 31, 2019. We have elected the policy to exclude accrued interest receivable from our allowance calculation since uncollectible accrued interest will continue to be evaluated for collectability and written off as warranted. Mortgage Loans The allowance for credit losses on our mortgage loan investments is based on an estimate of credit losses that may occur over the life of the loans, which differs from the accounting guidance we followed prior to January 1, 2020, which was based on incurred losses of individual loans. In determining the allowance, we segregate our mortgage loans with a similar risk profile based on an internal loan rating. Loss factors based on the potential frequency and severity of credit losses at different points in time of the portfolio life are applied to future cash flows to estimate the allowance for credit losses. In determining the loss factors, we consider the potential severity and likelihood of loss based on our historical loan loss experience along with that of other similar organizations as well as economic forecasts. We have elected the policy to exclude accrued interest receivable from our allowance calculation since uncollectible accrued interest will continue to be evaluated for collectability and written off as warranted. Mortgage loans are reported in our Consolidated Balance Sheet net of the allowance for credit losses. Changes in the allowance are reported within the Consolidated Statement of Operations as “Changes in allowance for credit losses on investments.” See Note 2 for further information. Reinsurance Recoverable The allowance for credit losses on our reinsurance recoverable is based on an estimate of credit losses that may occur over the life of the underlying ceded insurance business, which differs from the accounting guidance we followed prior to January 1, 2020, which was based on incurred losses. We develop loss factors that are applied to the amounts due from each reinsurer, which considers the potential severity and likelihood of loss based on the relative risk profile of each reinsurer, our internal loss history and those of other organizations, along with economic forecasts. We also consider other sources of information regarding individual reinsurers, as applicable, including amounts past-due according to the terms of the reinsurance contracts. Reinsurance recoverable assets are reported in our Consolidated Balance Sheet net of the allowance for credit losses. Amounts deemed to be uncollectible are written off against the allowance. Changes in the allowance are reported within the Consolidated Statement of Operations as “Underwriting, acquisition and insurance expenses.” Allowance on Reinsurance Recoverables Three months ended June 30, 2020 Six months ended June 30, 2020 (Dollars in thousands) Beginning balance of the allowance for credit losses $ 875 $ 868 Change in allowance for credit losses (18 ) (11 ) Ending balance of the allowance for credit losses $ 857 $ 857 No reinsurance recoverables were considered past due as of June 30, 2020 . Income Taxes Income taxes for interim reporting periods are generally recognized based on an estimated annual effective tax rate, which is computed based on earnings forecasts for the year. Due to uncertainty regarding COVID-19’s potential impact on future investment credit losses, we applied a year-to-date effective tax rate for purposes of estimating tax expense for the first quarter of 2020. While there continues to be uncertainty regarding the ongoing impact of COVID-19, the improvements in the economy and financial markets during the second quarter allowed us to forecast 2020 earnings for the purpose of estimating the annual effective U.S Federal income tax rate used in the calculation of income tax expense for 2020.

Investment Operations

Investment Operations	6 Months Ended
	Jun. 30, 2020
Investment Operations [Abstract]
Investment Operations	Investment Operations Fixed Maturity Securities Available-For-Sale Fixed Maturity Securities by Investment Category June 30, 2020 Amortized Cost Gross Unrealized Gains (1) Gross Unrealized Losses (1) Allowance for Credit Losses Fair Value (Dollars in thousands) Fixed maturities: Corporate $ 3,512,003 $ 542,370 $ (20,773 ) $ (12,902 ) $ 4,020,698 Residential mortgage-backed 629,713 64,039 (1,935 ) — 691,817 Commercial mortgage-backed 982,761 158,077 (437 ) — 1,140,401 Other asset-backed 760,127 17,294 (15,670 ) (317 ) 761,434 United States Government and agencies 35,578 3,065 — — 38,643 States and political subdivisions 1,281,890 173,335 (719 ) — 1,454,506 Total fixed maturities $ 7,202,072 $ 958,180 $ (39,534 ) $ (13,219 ) $ 8,107,499 December 31, 2019 Amortized Cost Gross Unrealized Gains (1) Gross Unrealized Losses (1) Fair Value (Dollars in thousands) Fixed maturities: Corporate $ 3,376,432 $ 418,049 $ (15,531 ) $ 3,778,950 Residential mortgage-backed 626,663 47,654 (1,929 ) 672,388 Commercial mortgage-backed 969,453 77,433 (1,413 ) 1,045,473 Other asset-backed 697,390 19,745 (2,614 ) 714,521 United States Government and agencies 12,417 1,711 (5 ) 14,123 States and political subdivisions 1,332,914 145,125 (866 ) 1,477,173 Total fixed maturities $ 7,015,269 $ 709,717 $ (22,358 ) $ 7,702,628 (1) Includes $2.0 million and $2.5 million as of June 30, 2020 and December 31, 2019, respectively, of net unrealized gains on impaired fixed maturities related to changes in fair value subsequent to the impairment date, which are included in AOCI. The amount of accrued interest excluded from the amortized cost basis of fixed maturities and included in accrued investment income on the balance sheet totaled $67.9 million at June 30, 2020. Any fixed maturity delinquent on contractual payments over 90 days past due is placed on non-accrual status. If the fixed maturity is placed on non-accrual status the prior accrued interest income is reversed through net investment income. Interest income received on non-performing fixed maturities is generally recognized on a cash basis. Once fixed maturities are classified as non-accrual, the resumption of the interest accrual would commence only after all past due interest has been collected. The amount of interest reversed during the six months ended June 30, 2020 was $0.3 million on corporate fixed maturity securities. Available-For-Sale Fixed Maturities by Maturity Date June 30, 2020 Amortized Cost Fair Value (Dollars in thousands) Due in one year or less $ 109,204 $ 110,607 Due after one year through five years 596,612 625,295 Due after five years through ten years 775,685 861,545 Due after ten years 3,347,970 3,916,400 4,829,471 5,513,847 Mortgage-backed and other asset-backed 2,372,601 2,593,652 Total fixed maturities $ 7,202,072 $ 8,107,499 Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Fixed maturities not due at a single maturity date have been included in the above table in the year of final contractual maturity. Net Unrealized Gains on Investments in Accumulated Other Comprehensive Income June 30, December 31, (Dollars in thousands) Net unrealized appreciation on: Fixed maturities - available for sale $ 918,646 $ 687,359 Adjustments for assumed changes in amortization pattern of: Deferred acquisition costs (262,054 ) (200,227 ) Value of insurance in force acquired (11,567 ) (12,498 ) Unearned revenue reserve 24,777 18,025 Adjustments for assumed changes in policyholder liabilities (47,828 ) (30,642 ) Provision for deferred income taxes (130,614 ) (97,023 ) Net unrealized investment gains $ 491,360 $ 364,994 Net unrealized investment gains exclude the allowance for credit losses. Fixed Maturity Securities with Unrealized Losses by Length of Time without an Allowance for Credit Losses June 30, 2020 Less than one year One year or more Total Description of Securities Fair Value Unrealized Losses (1) Fair Value Unrealized Losses (1) Fair Value Unrealized Losses (1) Percent of Total (Dollars in thousands) Fixed maturities: Corporate $ 202,154 $ (10,674 ) $ 52,598 $ (10,099 ) $ 254,752 $ (20,773 ) 52.6 % Residential mortgage-backed 55,181 (1,241 ) 5,165 (694 ) 60,346 (1,935 ) 4.9 Commercial mortgage-backed 12,019 (437 ) — — 12,019 (437 ) 1.1 Other asset-backed 216,276 (10,230 ) 75,683 (5,440 ) 291,959 (15,670 ) 39.6 States and political subdivisions 14,730 (278 ) 2,538 (441 ) 17,268 (719 ) 1.8 Total fixed maturities $ 500,360 $ (22,860 ) $ 135,984 $ (16,674 ) $ 636,344 $ (39,534 ) 100.0 % Fixed Maturity Securities with Unrealized Losses by Length of Time December 31, 2019 Less than one year One year or more Total Description of Securities Fair Value Unrealized Losses (1) Fair Value Unrealized Losses (1) Fair Value Unrealized Losses (1) Percent of Total (Dollars in thousands) Fixed maturities: Corporate $ 114,520 $ (2,476 ) $ 84,719 $ (13,055 ) $ 199,239 $ (15,531 ) 69.5 % Residential mortgage-backed 68,743 (1,435 ) 6,941 (494 ) 75,684 (1,929 ) 8.6 Commercial mortgage-backed 46,537 (1,266 ) 2,610 (147 ) 49,147 (1,413 ) 6.3 Other asset-backed 112,462 (519 ) 102,439 (2,095 ) 214,901 (2,614 ) 11.7 United States Government and agencies — — 2,494 (5 ) 2,494 (5 ) — States and political subdivisions 19,367 (379 ) 5,936 (487 ) 25,303 (866 ) 3.9 Total fixed maturities $ 361,629 $ (6,075 ) $ 205,139 $ (16,283 ) $ 566,768 $ (22,358 ) 100.0 % (1) Non-credit losses reported in AOCI are included with gross unrealized losses resulting in total gross unrealized losses for fixed maturities, available-for-sale being reported in the table. Fixed maturities in the above tables include 292 securities from 236 issuers at June 30, 2020 and 189 securities from 145 issuers at December 31, 2019 . Unrealized losses increased during the six months ended June 30, 2020 primarily due to wider credit spreads. We do not consider securities declines in fair value below amortized cost to be due to a credit loss when the market decline is attributable to factors such as interest rate movements, market volatility, liquidity or spread widening when recovery of all amounts due under the contractual terms of the security is anticipated. Based on our intent not to sell and our belief that we will not be required to sell these securities before recovery of their amortized cost basis, we do not consider these investments to have a credit loss, and they do not require a loss allowance established at June 30, 2020 . The following summarizes the more significant unrealized losses on fixed maturity securities by investment category as of June 30, 2020. Corporate securities : The largest unrealized losses were in the energy sector ( $75.0 million fair value and $10.7 million unrealized loss) and in the consumer non-cyclical sector ( $39.6 million fair value and $2.8 million unrealized loss). The majority of losses were attributable to credit spread widening across the energy sector associated with sharp declines in crude oil prices. The price of crude oil has decreased from $61.06 per barrel at December 31, 2019 to $39.27 per barrel at June 30, 2020. Energy-related companies have been negatively impacted by the decline in oil prices due to a decrease in demand brought on by COVID-19. Spreads are wider compared to December 2019 due to a weakened economy and the risk of higher defaults. However, the U.S. Federal Reserve Bank has taken a number of actions to stabilize the markets. This includes the establishment of two additional facilities to provide credit to large employers - the Primary Market Corporate Credit Facility (PMCCF) for new bond and loan issuance and the Secondary Market Corporate Credit Facility (SMCCF) to provide liquidity for outstanding investment-grade corporate bonds (with a target of maturities 5 years and less). Residential mortgage-backed securities: The unrealized losses on residential mortgage-backed securities were primarily due to price declines on legacy and newer issue bonds. The legacy bonds are still at an unrealized gain overall, but some individual securities moved to an unrealized loss. We purchased many of these investments at a discount to their face amount and the contractual cash flows of these investments are based on mortgages and other assets backing the securities. The newer issue residential mortgage-backed securities are comprised of bonds issued during and after 2013 with strong underwriting and collateral characteristics. Primarily, losses were attributable to credit spread widening which led to lower prices on some securities. The wider spreads were caused by continued market uncertainty brought on by the COVID-19 virus. These securities tend to have higher credit scores with higher credit enhancement and lower loan-to-value ratios which position them favorably against default during economic disruptions such as those caused by COVID-19. Commercial mortgage-backed securities: The unrealized losses on commercial mortgage-backed securities were primarily due to spread widening. The wider spreads were caused by continued market uncertainty brought on by the COVID-19 virus. The contractual cash flows of these investments are based on mortgages backing the securities. Other asset-backed securities: The unrealized losses on asset-backed securities (ABS) were primarily due to concerns regarding COVID-19 and the resulting impact on consumer and commercial loans. Spreads tightened and prices recovered during the second quarter of 2020 as the actions taken by the U.S. Federal Reserve Bank helped stabilize the markets. The majority of our ABS have a sequential-pay structure that increases credit support as the pool amortizes. The average life of our ABS is 3.0 years, down from 5.0 years at purchase. Average credit support for the portfolio has increased from 10% at time of purchase to 18% as of June 30, 2020. The portfolio is rated nearly 70% NAIC-1. The unrealized losses on collateralized loan obligations (CLO) are due to concerns regarding COVID-19 and the resulting impact on leveraged loans. The CLO market is also benefiting from the programs that the U.S. Federal Reserve Bank is providing to the market. Our CLO portfolio is of high quality, with all of the securities rated NAIC-1. Internal stress testing has indicated that the weighted average constant default rate (CDR) of our portfolio without suffering loss is 17 percent. The CDR is the constant default rate (annually) that a CLO must suffer before our tranche takes its first dollar loss. State, municipal and other governments: The unrealized losses on state, municipal and other government securities were primarily due to general spread widening relative to spreads at which we acquired the bonds. Our allowance for credit losses at June 30, 2020 includes an energy sector bond, two financial sector bonds, and a consumer non-cyclical bond experiencing ongoing weakness in operating performance. The allowance for these bonds was established as the difference between the fair value of the securities and their amortized cost and was considered to be entirely credit related. Our allowance for credit losses also includes an asset backed security due to the difference between the amortized cost and the present value of the expected cash flows. Available-For-Sale Fixed Maturities Allowance for Credit Losses Three months ended June 30, 2020 Corporate Other ABS Total (Dollars in thousands) Beginning balance $ 12,146 $ — $ 12,146 Additions for credit losses not previously recorded 972 317 1,289 Net decrease to previously recorded allowance (216 ) — (216 ) Ending balance $ 12,902 $ 317 $ 13,219 Six months ended June 30, 2020 Corporate Other ABS Total (Dollars in thousands) Beginning balance $ — $ — $ — Additions for credit losses not previously recorded 13,118 317 13,435 Net decrease to previously recorded allowance (216 ) — (216 ) Ending balance $ 12,902 $ 317 $ 13,219 Mortgage Loans Our mortgage loan portfolio consists of commercial mortgage loans that we have originated. Our lending policies require that the loans be collateralized by the value of the related property, establish limits on the amount that can be loaned to one borrower and require diversification by geographic location and collateral type. We originate loans with an initial loan-to-value ratio that provides sufficient collateral to absorb losses should we be required to foreclose and take possession of the collateral. The amount of accrued interest excluded from the cost basis of the mortgage loans and included in accrued investment income on the balance sheet totaled $3.7 million at June 30, 2020. Any loan delinquent on contractual payments is considered non-performing. Mortgage loans are placed on non-accrual status if the loan is over 90 days past due. If the loan is placed on non-accrual status the prior accrued interest income is reversed through net investment income. Interest income received on non-performing loans is generally recognized on a cash basis. Once mortgage loans are classified as non-accrual loans, the resumption of the interest accrual would commence only after all past due interest has been collected or the mortgage loan has been restructured such that the collection of interest is considered likely. At June 30, 2020 and December 31, 2019 , there were no non-performing loans over 30 days past due on contractual payments. At June 30, 2020 , we had committed to provide additional funding for mortgage loans totaling $11.2 million . These commitments arose in the normal course of business at terms that are comparable to similar investments. Mortgage Loans by Collateral Type June 30, 2020 December 31, 2019 Collateral Type Amortized Cost Percent of Total Amortized Cost Percent of Total (Dollars in thousands) Office $ 403,505 40.6 % $ 417,746 41.3 % Retail 329,651 33.2 345,870 34.2 Industrial 236,097 23.7 235,274 23.2 Other 12,595 1.3 12,788 1.3 Apartment 11,727 1.2 — — Total $ 993,575 100.0 % $ 1,011,678 100.0 % Mortgage Loans by Geographic Location within the United States June 30, 2020 December 31, 2019 Region of the United States Amortized Cost Percent of Total Amortized Cost Percent of Total (Dollars in thousands) South Atlantic $ 272,670 27.5 % $ 288,299 28.5 % Pacific 166,870 16.8 164,996 16.3 East North Central 131,170 13.2 117,053 11.6 Mountain 100,784 10.1 96,857 9.6 West North Central 100,040 10.1 108,942 10.8 East South Central 79,757 8.0 81,275 8.0 West South Central 66,199 6.7 76,650 7.6 Middle Atlantic 44,983 4.5 45,687 4.5 New England 31,102 3.1 31,919 3.1 Total $ 993,575 100.0 % $ 1,011,678 100.0 % Mortgage Loans by Loan-to-Value Ratio June 30, 2020 December 31, 2019 Loan-to-Value Ratio Amortized Cost Percent of Total Amortized Cost Percent of Total (Dollars in thousands) 0% - 50% $ 440,674 44.4 % $ 412,973 40.8 % 51% - 60% 323,324 32.5 310,869 30.7 61% - 70% 200,325 20.2 256,280 25.4 71% - 80% 29,252 2.9 31,556 3.1 Total $ 993,575 100.0 % $ 1,011,678 100.0 % The loan-to-value ratio is determined using the most recent appraised value. Appraisals are updated periodically when there is indication of a possible significant collateral decline or there are loan modifications or refinance requests. Mortgage loans are rated internally to provide a current qualitative rating of each loan. We review the capital structure, collateral strength, physical occupancy, financial stability of the operating income stream, debt service coverage ratio, outstanding loan balance to estimated value of the collateral, property improvements and the financial strength of the borrower when determining the internal loan rating. Loans of high quality, low risk and with little concern of default or extension risk are rated an A; loans of moderate quality and moderate risk are rated a B; loans of low quality and high risk are rated a C, and loans for which there is concern of credit default are rated a W. Mortgage Loans by Internal Rating and Year of Origination June 30, 2020 2020 2019 2018 2017 2016 2015 & prior Total Internal Rating Amortized Cost (Dollars in thousands) A $ 28,444 $ 56,831 $ 120,109 $ 193,005 $ 137,785 $ 404,575 $ 940,749 B — 11,895 1,917 3,534 — 5,393 22,739 C — — 4,507 — 3,985 17,338 25,830 W — — — — — 4,257 4,257 Total $ 28,444 $ 68,726 $ 126,533 $ 196,539 $ 141,770 $ 431,563 $ 993,575 December 31, 2019 2019 2018 2017 2016 2015 2014 & prior Total Internal Rating Amortized Cost (Dollars in thousands) A $ 69,319 $ 128,334 $ 200,283 $ 144,311 $ 119,724 $ 316,079 $ 978,050 B — — — — — 7,512 7,512 C — — — — — 21,812 21,812 W — — — — — 4,304 4,304 Total $ 69,319 $ 128,334 $ 200,283 $ 144,311 $ 119,724 $ 349,707 $ 1,011,678 Our allowance for credit losses on mortgage loans was estimated by incorporating historical internal information, historical industry averages, current conditions as well as conditions for a reasonable and supportable forecast that includes an estimated recessionary period. The loans are segmented by an internal risk rating as well as geographic region with an estimated loss ratio applied against each segment. For the years after our reasonable and supportable forecast period we graded the expected loss ratio over the estimated remaining recessionary period to our actual loss history. During the quarter ended June 30, 2020, positive trends in the historical industry averages more than offset our negative internal rating migrations for the quarter which led to a decrease in our allowance. Amounts on mortgage loans deemed to be uncollectible are charged off and removed from the valuation allowance. Allowance for Credit Losses on Mortgage Loans Three months ended June 30, 2020 Six months ended June 30, 2020 (Dollars in thousands) Beginning balance $ 3,279 $ 3,164 Current period provision for expected credit losses (576 ) (461 ) Ending balance $ 2,703 $ 2,703 Mortgage Loan Modifications Our commercial mortgage loan portfolio can include loans that have been modified. We assess loan modifications on a loan-by-loan basis to evaluate whether a troubled debt restructuring has occurred. Generally, the types of concessions include reduction of the contractual interest rate to a below-market rate, extension of the maturity date and/or a reduction of accrued interest. The amount, timing and extent of the concession granted is considered in determining if an impairment loss is needed for the restructuring. The Coronavirus Aid, Relief, and Economic Security (CARES) Act allows lenders to make loan modifications under certain circumstances without triggering troubled debt restructuring status, including extension of the maturity date and payment of interest only. Other than those modifications intended to comply with these provisions of the CARES Act, there were no loan modifications during the six months ended June 30, 2020 or June 30, 2019 . Realized Gains (Losses) - Recorded in Income Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 (Dollars in thousands) Realized gains (losses) on investments Fixed maturities: Gross gains $ 182 $ 143 $ 194 $ 3,137 Gross losses (1,560 ) (304 ) (1,719 ) (304 ) Mortgage loans — — — 2,778 Other — — (9 ) (4 ) (1,378 ) (161 ) (1,534 ) 5,607 Net gains (losses) recognized during the period on equity securities held at the end of the period 4,318 463 (8,913 ) 4,882 Net gains (losses) recognized during the period on equity securities sold during the period (187 ) 75 (201 ) 45 Net gains (losses) recognized during the period on equity securities 4,131 538 (9,114 ) 4,927 Net realized gains (losses) 2,753 377 (10,648 ) 10,534 Credit losses recognized in earnings: Other-than-temporary impairment losses — — — (869 ) Allowance for credit losses on fixed maturity securities (1,073 ) — (13,219 ) — Allowance for credit losses on mortgage loans 576 — 461 — Net realized gains (losses) on investments recorded in income $ 2,256 $ 377 $ (23,406 ) $ 9,665 Proceeds from sales of fixed maturities totaled $9.7 million during the six months ended June 30, 2020 and $22.2 million during the six months ended June 30, 2019 . Realized gains and losses on sales of investments are determined based on specific identification. Variable Interest Entities We evaluate our variable interest entity (VIE) investees to determine whether the level of our direct ownership interest, our rights to manage operations, or our obligation to provide ongoing financial support are such that we are the primary beneficiary of the entity, and would therefore be required to consolidate it for financial reporting purposes. After determining that we have a variable interest, we review our involvement in the VIE to determine whether we have both the power to direct activities that most significantly impact the economic performance of the VIE, and the obligation to absorb losses or the rights to receive benefits that could be potentially significant to the VIE. This analysis includes a review of the purpose and design of the VIE as well as the role that we played in the formation of the entity and how that role could impact our ability to control the VIE. We also review the activities and decisions considered significant to the economic performance of the VIE and assess what power we have in directing those activities and decisions. Finally, we review the agreements in place to determine if there are any guarantees that would affect our maximum exposure to loss. We have reviewed the circumstances surrounding our investments in VIEs, which consist of (i) limited partnerships or limited liability companies accounted for under the equity method included in securities and indebtedness of related parties and (ii) non-guaranteed federal low income housing tax credit (LIHTC) investments included in other assets. In addition, we have reviewed the ownership interests in our VIEs and determined that we do not hold direct majority ownership or have other contractual rights (such as kick out rights) that give us effective control over these entities resulting in us having both the power to direct activities that most significantly impact the economic performance of the VIE and the obligation to absorb losses or the right to receive benefits that could be potentially significant to the VIE. The maximum loss exposure relative to our VIEs is limited to the carrying value and any unfunded commitments that exist for each particular VIE. We also have not provided additional support or other guarantees that were not previously contractually required (financial or otherwise) to any of the VIEs as of June 30, 2020 or December 31, 2019 . Based on this analysis, none of our VIEs were required to be consolidated at June 30, 2020 or December 31, 2019 . LIHTC investments take the form of limited partnerships or limited liability companies, which in turn invest in a number of low income housing projects. We use the proportional amortization method of accounting for these investments. The proportional amortization method amortizes the cost of the investment over the period in which the investor expects to receive tax credits and other tax benefits, and the resulting amortization is recognized along with the tax benefit as a component of federal income tax expense on our consolidated statements of operations. VIE Investments by Category June 30, 2020 December 31, 2019 Carrying Value Maximum Exposure to Loss Carrying Value Maximum Exposure to Loss (Dollars in thousands) LIHTC investments $ 37,177 $ 38,104 $ 42,907 $ 43,834 Investment companies 60,433 113,092 53,388 103,125 Real estate limited partnerships 10,024 15,139 9,565 15,527 Other 491 491 492 492 Total $ 108,125 $ 166,826 $ 106,352 $ 162,978 In addition, we make passive investments in the normal course of business in structured securities issued by VIEs for which we are not the investment manager. These structured securities include all of the residential mortgage-backed securities, commercial mortgage-backed securities and other asset-backed securities included in our fixed maturity securities. Our maximum exposure to loss on these securities is limited to our carrying value of the investment. We have determined that we are not the primary beneficiary of these structured securities because we do not have the power to direct the activities that most significantly impact the entities’ economic performance. Derivative Instruments Our primary derivative exposure relates to purchased call options, which provide an economic hedge against the embedded derivatives in our indexed products. We also have embedded derivatives within our modified coinsurance agreements as well as an interest-only fixed maturity investment. We do not apply hedge accounting to any of our derivative positions, and they are held at fair value. Derivatives Instruments by Type June 30, 2020 December 31, 2019 (Dollars in thousands) Assets Freestanding derivatives: Call options (reported in other investments) $ 14,859 $ 31,469 Embedded derivatives: Modified coinsurance (reported in reinsurance recoverable) 2,515 2,327 Interest-only security (reported in fixed maturities) 259 385 Total assets $ 17,633 $ 34,181 Liabilities Embedded derivatives: Indexed products (reported in liability for future policy benefits) $ 79,544 $ 76,346 Modified coinsurance (reported in other liabilities) 238 254 Total liabilities $ 79,782 $ 76,600 Derivative Income (Loss) Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 (Dollars in thousands) Freestanding derivatives: Call options $ 13,595 $ 3,816 $ (8,568 ) $ 12,502 Embedded derivatives: Modified coinsurance 708 620 204 1,253 Interest-only security 17 69 41 116 Indexed products (14,657 ) (3,294 ) 6,419 (12,629 ) Total income (loss) from derivatives $ (337 ) $ 1,211 $ (1,904 ) $ 1,242 Derivative income is reported in net investment income except for the change in fair value of the embedded derivatives on our indexed products, which is reported in interest sensitive product benefits. We are exposed to credit losses in the event of nonperformance of the derivative counterparties. This credit risk is minimized by purchasing such agreements from financial institutions with high credit ratings (currently rated A or better by nationally recognized statistical rating organizations). We have also entered into credit support agreements with the counterparties requiring them to post collateral when net exposures exceed pre-determined thresholds that vary by counterparty. The net amount of such exposure is essentially the market value less collateral held for such agreements with each counterparty. The call options are supported by securities collateral received of $12.8 million at June 30, 2020 , which is held in a separate custodial account. Subject to certain constraints, we are permitted to sell or re-pledge this collateral, but do not have legal rights to the collateral; accordingly, it has not been recorded on our balance sheet. We have elected to present our derivative receivables netted with the obligation to return cash collateral received on our balance sheet in other investments. We received cash collateral of $7.3 million included in cash and cash equivalents on our balance sheet as of June 30, 2020. At June 30, 2020 , none of the collateral had been sold or re-pledged. As of June 30, 2020 , our net derivative exposure recorded on the balance sheet without the off balance sheet collateral was $14.9 million .

Fair Values

Fair Values	6 Months Ended
	Jun. 30, 2020
Fair Values [Abstract]
Fair Value	Fair Values Fair value is based on an exit price, which is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As not all financial instruments are actively traded, various valuation methods may be used to estimate fair value. These methods rely on observable market data, or, if observable market data is not available, the best information available. Significant judgment may be required to interpret the data and select the assumptions used in the valuation estimates, particularly when observable market data is not available. In the discussion that follows, we have ranked our financial instruments by the level of judgment used in the determination of the fair values presented above. The levels are defined as follows: • Level 1 - Fair values are based on unadjusted quoted prices in active markets for identical assets or liabilities. • Level 2 - Fair values are based on inputs, other than quoted prices from active markets, that are observable for the asset or liability, either directly or indirectly. • Level 3 - Fair values are based on significant unobservable inputs for the asset or liability. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, a financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the financial instrument. From time to time there may be movements between levels as inputs become more or less observable, which may depend on several factors including the activity of the market for the specific security, the activity of the market for similar securities, the level of risk spreads and the source from which we obtain the information. The following methods and assumptions were used in estimating the fair value of our financial instruments measured at fair value on a recurring basis: Fixed maturities: Level 1 fixed maturities consist of U.S. Treasury issues that are actively traded, allowing us to use current market prices as an estimate of their fair value. Level 2 fixed maturities consist of corporate, mortgage- and asset-backed, United States Government agencies, state and political subdivisions and private placement corporate securities with observable market data, and in some circumstances recent trade activity. When quoted prices of identical assets in active markets are not available, we obtain prices from third-party pricing vendors. We have regular interaction with these vendors to ensure we understand their pricing methodologies and to confirm they are utilizing observable market information. Their methodologies vary by asset class and include inputs such as estimated cash flows, benchmark yields, reported trades, credit quality, industry events and economic events. Fixed maturities with validated prices from pricing services, which includes the majority of our public fixed maturities in all asset classes, are generally reflected in Level 2. Also included in Level 2 are private placement corporate bonds with no quoted market prices available, for which an internal model using substantially all observable inputs or a matrix pricing valuation approach is used. In the matrix approach, securities are grouped into pricing categories that vary by sector, rating and average life. Each pricing category is assigned a risk spread based on studies of observable public market data. The expected cash flows of the security are then discounted back at the current Treasury curve plus the appropriate risk spread. Level 3 fixed maturities include corporate, mortgage- and asset-backed and private placement corporate securities for which there is little or no current market data available. We use external pricing sources, or if prices are not available, we will estimate fair value internally. Fair values of private corporate investments in Level 3 are determined by reference to the public market, private transactions or valuations for comparable companies or assets in the relevant asset class when such amounts are available. For other securities for which an exit price based on relevant observable inputs is not obtained, the fair value is determined using a matrix calculation. Fair values estimated using matrix pricing methods rely on an estimate of credit spreads to a risk-free U.S. Treasury yield. Selecting the credit spread requires judgment based on an understanding of the security and may include a market liquidity premium. Our selection of comparable companies as well as the level of spread requires significant judgment. Increases in spreads used in our matrix models, or those used to value comparable companies, will result in a decrease in discounted cash flows used, and accordingly in the estimated fair value of the security. We obtain fixed maturity fair values from a variety of external independent pricing services, including brokers, with access to observable data including recent trade information, if available. In certain circumstances in which an external price is not available for a Level 3 security, we will internally estimate its fair value. Our process for evaluation and selection of the fair values includes: • We follow a “pricing waterfall” policy, which establishes the pricing source preference for a particular security or security type. The order of preference is based on our evaluation of the valuation methods used, the source’s knowledge of the instrument and the reliability of the prices we have received from the source in the past. Our valuation policy dictates that fair values are initially sought from third-party pricing services. If our review of the prices received from our preferred source indicates an inaccurate price, we will use an alternative source within the waterfall and document the decision. In the event that fair values are not available from one of our external pricing services or upon review of the fair values provided it is determined that they may not be reflective of market conditions, those securities are submitted to brokers familiar with the security to obtain non-binding price quotes. Broker quotes tend to be used in limited circumstances such as for newly issued, private placement corporate bonds and other instruments that are not widely traded. For those securities for which an externally provided fair value is not available, we use cash flow modeling techniques to estimate fair value. • We evaluate third-party pricing source estimation methodologies to assess whether they will provide a fair value that approximates a market exit price. • We perform an overall analysis of portfolio fair value movement against general movements in interest rates and spreads. • We compare period-to-period price trends to detect unexpected price fluctuations based on our knowledge of the market and the particular instrument. As fluctuations are noted, we will perform further research that may include discussions with the original pricing source or other external sources to ensure we agree with the valuation. • We compare prices between different pricing sources for unusual disparity. • We meet at least quarterly with our Investment Committee, the group that oversees our valuation process, to discuss valuation practices and observations during the pricing process. Equity securities: Level 1 equity securities consist of mutual funds and common stocks that are actively traded, allowing us to use current market prices as an estimate of their fair value. Level 2 equity securities consist of non-redeemable preferred stock. Estimated fair value for the non-redeemable preferred stock is obtained from external pricing sources using a matrix pricing approach. Level 3 equity securities consist of non-redeemable preferred stock for which fair value estimates are based on the value of comparable securities that are actively traded. Increases in spreads used to value comparable companies, will result in a decrease in discounted cash flows used, and accordingly in the estimated fair value of the security. In the case that external pricing services are used for certain Level 1 and Level 2 equity securities, our review process is consistent with the process used to determine the fair value of fixed maturities discussed above. Other investments: Level 2 other investments measured at fair value include call options with fair values based on counterparty market prices adjusted for a credit component of the counterparty, net of collateral received. Cash, cash equivalents and short-term investments: Level 1 cash, cash equivalents and short-term investments are highly liquid instruments for which historical cost approximates fair value. Reinsurance recoverable: Level 2 reinsurance recoverable includes embedded derivatives in our modified coinsurance contracts under which we cede or assume business. Fair values of these embedded derivatives are based on the difference between the fair value and the cost basis of the underlying fixed maturities, which are valued consistent with the discussion of fixed maturities above. Assets held in separate accounts: Level 1 assets held in separate accounts consist of mutual funds that are actively traded, allowing us to use current market prices as an estimate of their fair value. Future policy benefits - indexed product embedded derivatives : Indexed product contracts include embedded derivatives that are measured at fair value on a recurring basis. These embedded derivatives are a Level 3 measurement. The fair value of the embedded derivatives is based on the discounted excess of projected account values (including a risk margin) over projected guaranteed account values. The key unobservable inputs required in the projection of future values that require management judgment include the risk margin as well as our credit risk. Should the risk margin increase or the credit risk decrease, the discounted cash flows and the estimated fair value of the obligation will increase. Other liabilities: Level 2 other liabilities include the embedded derivatives in our modified coinsurance contracts under which we cede business. Fair values for the embedded derivatives are based on the difference between the fair value and the cost basis of the underlying fixed maturities. Valuation of our Financial Instruments Measured on a Recurring Basis by Hierarchy Levels June 30, 2020 Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Fair Value (Dollars in thousands) Assets Fixed maturities: Corporate securities $ — $ 4,016,181 $ 4,517 $ 4,020,698 Residential mortgage-backed securities — 686,581 5,236 691,817 Commercial mortgage-backed securities — 1,132,744 7,657 1,140,401 Other asset-backed securities — 756,774 4,660 761,434 United States Government and agencies 28,075 10,568 — 38,643 States and political subdivisions — 1,454,506 — 1,454,506 Total fixed maturities 28,075 8,057,354 22,070 8,107,499 Non-redeemable preferred stocks — 62,894 6,719 69,613 Common stocks (1) 13,244 — — 13,244 Other investments — 14,859 — 14,859 Cash, cash equivalents and short-term investments 32,017 — — 32,017 Reinsurance recoverable — 2,515 — 2,515 Assets held in separate accounts 599,203 — — 599,203 Total assets $ 672,539 $ 8,137,622 $ 28,789 $ 8,838,950 Liabilities Future policy benefits - indexed product embedded derivatives $ — $ — $ 79,544 $ 79,544 Other liabilities — 238 — 238 Total liabilities $ — $ 238 $ 79,544 $ 79,782 Valuation of our Financial Instruments Measured on a Recurring Basis by Hierarchy Levels December 31, 2019 Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Fair Value (Dollars in thousands) Assets Fixed maturities: Corporate securities $ — $ 3,772,362 $ 6,588 $ 3,778,950 Residential mortgage-backed securities — 672,388 — 672,388 Commercial mortgage-backed securities — 1,032,693 12,780 1,045,473 Other asset-backed securities — 704,766 9,755 714,521 United States Government and agencies 4,821 9,302 — 14,123 States and political subdivisions — 1,477,173 — 1,477,173 Total fixed maturities 4,821 7,668,684 29,123 7,702,628 Non-redeemable preferred stocks — 67,873 6,927 74,800 Common stocks (1) 17,027 — — 17,027 Other investments — 31,469 — 31,469 Cash, cash equivalents and short-term investments 29,142 — — 29,142 Reinsurance recoverable — 2,327 — 2,327 Assets held in separate accounts 645,881 — — 645,881 Total assets $ 696,871 $ 7,770,353 $ 36,050 $ 8,503,274 Liabilities Future policy benefits - indexed product embedded derivatives $ — $ — $ 76,346 $ 76,346 Other liabilities — 254 — 254 Total liabilities $ — $ 254 $ 76,346 $ 76,600 (1) A private equity fund with a fair value estimate of $9.0 million at June 30, 2020 and $8.4 million at December 31, 2019 using net asset value per share as a practical expedient, has not been classified in the fair value hierarchy above in accordance with fair value reporting guidance. This fund invests in senior secured middle market loans and had unfunded commitments totaling $ 1.1 million at June 30, 2020 and $ 1.7 million at December 31, 2019 . The investment is not currently eligible for redemption. Level 3 Assets by Valuation Source - Recurring Basis June 30, 2020 Third-party vendors Priced Fair Value (Dollars in thousands) Corporate securities $ — $ 4,517 $ 4,517 Residential mortgage-backed securities 5,236 — 5,236 Commercial mortgage-backed securities 7,657 — 7,657 Other asset-backed securities 4,660 — 4,660 Non-redeemable preferred stocks — 6,719 6,719 Total assets $ 17,553 $ 11,236 $ 28,789 Percent of total 61.0 % 39.0 % 100.0 % Level 3 Assets by Valuation Source - Recurring Basis December 31, 2019 Third-party vendors Priced internally Fair Value (Dollars in thousands) Corporate securities $ — $ 6,588 $ 6,588 Commercial mortgage-backed securities 12,780 — 12,780 Other asset-backed securities 8,000 1,755 9,755 Non-redeemable preferred stocks — 6,927 6,927 Total assets $ 20,780 $ 15,270 $ 36,050 Percent of total 57.6 % 42.4 % 100.0 % Quantitative Information about Level 3 Fair Value Measurements - Recurring Basis June 30, 2020 Fair Value Valuation Technique Unobservable Input Range (Weighted Average) (Dollars in thousands) Assets Corporate securities $ 4,517 Discounted cash flow Credit spread 7.07% - 10.30% (8.67%) Other asset-backed securities 3,250 Discounted cash flow Credit spread 2.40% - 3.35% (2.87%) Commercial mortgage-backed securities 7,657 Discounted cash flow Credit spread 2.54% - 3.42% (3.04%) Residential mortgage-backed securities 5,236 Discounted cash flow Credit spread 1.80% (1.80%) Non-redeemable preferred stocks 6,719 Discounted cash flow Credit spread 4.75% (4.75%) Total assets $ 27,379 Liabilities Future policy benefits - indexed product embedded derivatives $ 79,544 Discounted cash flow Credit risk Risk margin 0.65% - 2.10% (1.30%) 0.15% - 0.40% (0.25%) December 31, 2019 Fair Value Valuation Technique Unobservable Input Range (Weighted Average) (Dollars in thousands) Assets Corporate securities $ 6,588 Discounted cash flow Credit spread 2.11% - 5.85% (4.33%) Commercial mortgage-backed securities 12,780 Discounted cash flow Credit spread 1.18% - 2.22% (1.92%) Other asset-backed securities 6,000 Discounted cash flow Credit spread 2.15% - 2.30% (2.23%) Non-redeemable preferred stocks 6,927 Discounted cash flow Credit spread 2.72% (2.72%) Total assets $ 32,295 Liabilities Future policy benefits - indexed product embedded derivatives $ 76,346 Discounted cash flow Credit risk Risk margin 0.40% - 1.35% (0.80%) 0.15% - 0.40% (0.25%) The tables above exclude certain securities with the fair value based on non-binding broker quotes for which we could not reasonably obtain the quantitative unobservable inputs. Level 3 Financial Instruments Changes in Fair Value - Recurring Basis June 30, 2020 Realized and unrealized gains (losses), net Balance, December 31, 2019 Purchases Disposals Included in net income Included in other compre-hensive income Transfers into Level 3 Transfers out of Level 3 (1) Amort-ization included in net income Balance, June 30, 2020 (Dollars in thousands) Assets Corporate securities $ 6,588 $ 6,983 $ (533 ) $ — $ (966 ) $ 3,037 $ (10,592 ) $ — $ 4,517 Residential mortgage-backed securities — 5,236 — — — — — — 5,236 Commercial mortgage-backed securities 12,780 — (198 ) — (369 ) — (4,556 ) — 7,657 Other asset-backed securities 9,755 6,304 (49 ) — (344 ) — (11,005 ) (1 ) 4,660 Non-redeemable preferred stocks 6,927 — — — (208 ) — — — 6,719 Total assets $ 36,050 $ 18,523 $ (780 ) $ — $ (1,887 ) $ 3,037 $ (26,153 ) $ (1 ) $ 28,789 Liabilities Future policy benefits - indexed product embedded derivatives $ 76,346 $ 8,016 $ (3,515 ) $ (1,303 ) $ — $ — $ — $ — $ 79,544 June 30, 2019 Realized and unrealized gains (losses), net Balance, December 31, 2018 Purchases Disposals Included in net income Included in other compre-hensive income Transfers into Level 3 Transfers out of Level 3 (1) Amort-ization included in net income Balance, June 30, 2019 (Dollars in thousands) Assets Corporate securities $ 22,011 $ 6,000 $ (2,673 ) $ — $ 376 $ — $ (6,000 ) $ (16 ) $ 19,698 Residential mortgage-backed securities — 2,124 — — — — — — 2,124 Commercial mortgage-backed securities 67,940 — (186 ) — 498 — (59,918 ) — 8,334 Other asset-backed securities 3,601 16,710 (640 ) — (869 ) — (5,000 ) — 13,802 Non-redeemable preferred stocks 6,862 — — — 186 — — — 7,048 Total assets $ 100,414 $ 24,834 $ (3,499 ) $ — $ 191 $ — $ (70,918 ) $ (16 ) $ 51,006 Liabilities Future policy benefits - indexed product embedded derivatives $ 40,028 $ 6,899 $ (3,364 ) $ 15,812 $ — $ — $ — $ — $ 59,375 (1) Transfers out of Level 3 include those assets that we are now able to obtain pricing from a third-party pricing vendor that uses observable inputs. The fair values of newly issued securities often require additional estimation until a market is created, which is generally within a few months after issuance. Once a market is created, as was the case for the majority of the security transfers out of the Level 3 category above, Level 2 valuation sources become available. The Company has other financial assets and financial liabilities that are not carried at fair value but for which fair value disclosure is required. The following table presents the carrying value, fair value and fair value hierarchy level of these financial assets and financial liabilities. Valuation of our Financial Instruments Not Reported at Fair Value by Hierarchy Levels June 30, 2020 Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Fair Value Carrying Value (Dollars in thousands) Assets Mortgage loans $ — $ — $ 1,057,081 $ 1,057,081 $ 990,872 Policy loans — — 284,151 284,151 200,923 Other investments — 36,317 2,337 38,654 38,304 Total assets $ — $ 36,317 $ 1,343,569 $ 1,379,886 $ 1,230,099 Liabilities Future policy benefits $ — $ — $ 4,730,243 $ 4,730,243 $ 4,434,815 Supplementary contracts without life contingencies — — 307,526 307,526 288,903 Advance premiums and other deposits — — 251,902 251,902 251,902 Long-term debt — — 72,643 72,643 97,000 Liabilities related to separate accounts — — 598,197 598,197 599,203 Total liabilities $ — $ — $ 5,960,511 $ 5,960,511 $ 5,671,823 December 31, 2019 Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Fair Value Carrying Value (Dollars in thousands) Assets Mortgage loans $ — $ — $ 1,059,073 $ 1,059,073 $ 1,011,678 Policy loans — — 256,787 256,787 201,589 Other investments — 29,534 2,215 31,749 31,211 Total assets $ — $ 29,534 $ 1,318,075 $ 1,347,609 $ 1,244,478 Liabilities Future policy benefits $ — $ — $ 4,381,863 $ 4,381,863 $ 4,270,073 Supplementary contracts without life contingencies — — 309,601 309,601 296,915 Advance premiums and other deposits — — 245,480 245,480 245,480 Long-term debt — — 84,438 84,438 97,000 Liabilities related to separate accounts — — 644,691 644,691 645,881 Total liabilities $ — $ — $ 5,666,073 $ 5,666,073 $ 5,555,349 Level 3 Financial Instruments Measured at Fair Value on a Nonrecurring Basis Certain assets are measured at fair value on a nonrecurring basis, generally mortgage loans or real estate that have been deemed to be impaired during the reporting period. There were no mortgage loans or real estate impaired to fair value during the six months ended June 30, 2020 or June 30, 2019 .

Defined Benefit Plan

Defined Benefit Plan	6 Months Ended
	Jun. 30, 2020
Defined Benefit Plan [Abstract]
Defined Benefit Plan	Defined Benefit Plan We participate with affiliates and an unaffiliated organization in defined benefit pension plans, including a multiemployer plan. Our share of net periodic pension cost for the plans is recorded as expense in our consolidated statements of operations. Components of Net Periodic Pension Cost for FBL and Affiliates Combined - Multiemployer Plan Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 (Dollars in thousands) Service cost $ 1,303 $ 1,137 $ 2,607 $ 2,274 Interest cost 3,141 3,319 6,283 6,637 Expected return on assets (5,261 ) (4,707 ) (10,523 ) (9,414 ) Amortization of actuarial loss 2,790 2,228 5,579 4,457 Net periodic pension cost $ 1,973 $ 1,977 $ 3,946 $ 3,954 FBL Financial Group, Inc. share of net periodic pension costs $ 629 $ 633 $ 1,258 $ 1,266 Components of Net Periodic Pension Cost for FBL and Affiliates Combined - Other Plans Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 (Dollars in thousands) Service cost $ 79 $ 116 $ 158 $ 233 Interest cost 220 248 440 496 Amortization of actuarial loss 317 267 634 533 Net periodic pension cost $ 616 $ 631 $ 1,232 $ 1,262 FBL Financial Group, Inc. share of net periodic pension costs $ 393 $ 363 $ 785 $ 725

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Proceedings In the normal course of business, we may be involved in litigation in which damages are alleged that are substantially in excess of contractual policy benefits or certain other agreements. We are not aware of any claims threatened or pending against FBL Financial Group, Inc. or any of its subsidiaries for which a material loss is reasonably possible. Commitments for Partnership Investments and Private Corporate Bond Investments At June 30, 2020 , we have unfunded investment commitments to limited partnerships and limited liability companies of $58.7 million and privately placed corporate securities commitments of $9.4 million .

Stockholders Equity

Stockholders Equity	6 Months Ended
	Jun. 30, 2020
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Stockholders’ Equity Share Repurchases We periodically repurchase our Class A common stock under programs approved by our Board of Directors. These repurchase programs authorize us to make repurchases in the open market or through privately negotiated transactions, with the timing and terms of the purchases to be determined by management based on market conditions. Under these programs, we repurchased 129,588 shares of stock for $4.4 million during the six months ended June 30, 2020 and 66,475 shares of stock for $4.6 million during the six months ended June 30, 2019 . Completion of this program is dependent on market conditions and other factors. There is no guarantee as to the exact timing of any repurchases or the number of shares that we will repurchase. The share repurchase program may be modified or terminated at any time without prior notice. At June 30, 2020 , $31.9 million remains available for repurchase under the active repurchase program. Dividends Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 Class A and B common stock: Cash dividends per common share $ 0.50 $ 0.48 $ 1.00 $ 0.96 Special cash dividend per common share — — 1.50 1.50 Total common stock dividends per share $ 0.50 $ 0.48 $ 2.50 $ 2.46 Series B preferred stock dividends per share $ 0.0075 $ 0.0075 $ 0.0150 $ 0.0150 Special cash dividends paid to our Class A and Class B common shareholders totaled $37.0 million for the six months ended June 30, 2020 and June 30, 2019 . Reconciliation of Outstanding Common Stock Class A Class B Total Shares Dollars Shares Dollars Shares Dollars (Dollars in thousands) Outstanding at January 1, 2019 24,707,402 $ 152,652 11,413 $ 72 24,718,815 $ 152,724 Stock-based compensation 7,545 212 — — 7,545 212 Purchase of common stock (66,475 ) (410 ) — — (66,475 ) (410 ) Outstanding at June 30, 2019 24,648,472 $ 152,454 11,413 $ 72 24,659,885 $ 152,526 Outstanding at January 1, 2020 24,652,802 $ 152,661 11,413 $ 72 24,664,215 $ 152,733 Stock-based compensation 9,374 310 — — 9,374 310 Purchase of common stock (129,588 ) (803 ) — — (129,588 ) (803 ) Outstanding at June 30, 2020 24,532,588 $ 152,168 11,413 $ 72 24,544,001 $ 152,240 Accumulated Other Comprehensive Income, Net of Tax and Other Offsets Unrealized Net Investment Gains (Losses) on Fixed Maturities Available-for-Sale (1) Underfunded Status of Postretirement Benefit Plans Without Non-Credit Impairment Losses With Non-Credit Impairment Losses Total (Dollars in thousands) Balance at January 1, 2019 $ 96,921 $ 3,133 $ (8,736 ) $ 91,318 Other comprehensive income (loss) before reclassifications 214,083 (902 ) — 213,181 Reclassification adjustments (2,125 ) — 419 (1,706 ) Balance at June 30, 2019 $ 308,879 $ 2,231 $ (8,317 ) $ 302,793 Balance at January 1, 2020 $ 363,020 $ 1,974 $ (10,230 ) $ 354,764 Other comprehensive income (loss) before reclassifications 115,218 (408 ) (1 ) 114,809 Reclassification adjustments 11,556 — 497 12,053 Balance at June 30, 2020 $ 489,794 $ 1,566 $ (9,734 ) $ 481,626 (1) Includes the impact of taxes, deferred acquisition costs, value of insurance in force acquired, unearned revenue reserves and policyholder liabilities. See Note 2 to our consolidated financial statements for further information. Accumulated Other Comprehensive Income Reclassification Adjustments Six months ended June 30, 2020 Unrealized Net Investment Gains (Losses) on Fixed Maturities Available-for-Sale (1) Underfunded Status of Postretirement Benefit Plans Without Non-Credit Impairment Losses With Non-Credit Impairment Losses Total (Dollars in thousands) Realized capital losses on sales of fixed maturity securities $ 1,525 $ — $ — $ 1,525 Change in allowance for credit losses on fixed maturity securities 13,219 — — 13,219 Adjustments for assumed changes in deferred acquisition costs, value of insurance in force acquired, unearned revenue reserve and policyholder liabilities (116 ) — — (116 ) Change in unrecognized postretirement items for net actuarial loss — — 630 630 Reclassifications before income taxes 14,628 — 630 15,258 Income taxes (3,072 ) — (133 ) (3,205 ) Reclassification adjustments $ 11,556 $ — $ 497 $ 12,053 Six months ended June 30, 2019 Unrealized Net Investment Gains (Losses) on Fixed Maturities Available-for-Sale (1) Underfunded Status of Postretirement Benefit Plans Without Non-Credit Impairment Losses With Non-Credit Impairment Losses Total (Dollars in thousands) Realized capital gains on sales of fixed maturity securities $ (2,833 ) $ — $ — $ (2,833 ) Adjustments for assumed changes in deferred acquisition costs, value of insurance in force acquired, unearned revenue reserve and policyholder liabilities 143 — — 143 Change in unrecognized postretirement items for net actuarial loss — — 530 530 Reclassifications before income taxes (2,690 ) — 530 (2,160 ) Income taxes 565 — (111 ) 454 Reclassification adjustments $ (2,125 ) $ — $ 419 $ (1,706 ) (1) See Note 2 to our consolidated financial statements for further information.

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Earnings per Share Computation of Earnings per Common Share Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 (Dollars in thousands, except per share data) Numerator: Net income attributable to FBL Financial Group, Inc. $ 26,211 $ 32,298 $ 23,696 $ 66,341 Less: Dividends on Series B preferred stock 37 37 75 75 Income available to common stockholders $ 26,174 $ 32,261 $ 23,621 $ 66,266 Denominator: Weighted average shares - basic 24,723,563 24,757,090 24,743,192 24,761,161 Effect of dilutive securities - stock-based compensation 3,975 11,122 4,211 11,149 Weighted average shares - diluted 24,727,538 24,768,212 24,747,403 24,772,310 Earnings per common share $ 1.06 $ 1.30 $ 0.95 $ 2.68 Earnings per common share - assuming dilution $ 1.06 $ 1.30 $ 0.95 $ 2.68 There were no antidilutive stock options outstanding in any of the periods presented.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2020
Segment Information [Abstract]
Segment Information	Segment Information We analyze operations by reviewing financial information regarding our primary products that are aggregated into the Annuity and Life Insurance product segments. Our Corporate and Other segment consists of less significant business activities. Our chief operating decision makers use pre-tax adjusted operating income to evaluate segment performance and allocate resources. Pre-tax adjusted operating income consists of pre-tax net income adjusted to exclude realized gains and losses on investments including the change in fair value of equity securities, the change in allowances for credit losses on investments, and the change in fair value of derivatives as the impact of these items can fluctuate greatly from period to period. These fluctuations make it difficult to analyze core operating trends. In addition, for derivatives not designated as hedges, there is a mismatch between the valuation of the asset and liability when deriving net income. For example, call options relating to our indexed annuity business are one-year assets while the embedded derivatives in the indexed contracts represent the rights of the contract holder to receive index credits over the entire period the indexed products are expected to be in force. Adjustments to pre-tax net income are net of amortization of unearned revenue reserves and deferred acquisition costs, as well as changes in interest sensitive product reserves. While not applicable for the periods reported herein, in determining pre-tax adjusted operating income we will also remove the impact of settlements or judgments arising from lawsuits, net of any recoveries from third parties, the cumulative effect of changes in accounting principles and discontinued operations. Segment results are reported net of inter-segment transactions. Financial Information Concerning our Operating Segments Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 (Dollars in thousands) Pre-tax adjusted operating income: Annuity $ 14,917 $ 14,637 $ 26,936 $ 30,299 Life Insurance 12,260 18,239 22,527 28,331 Corporate and Other 3,706 4,595 3,925 8,914 Total pre-tax adjusted operating income 30,883 37,471 53,388 67,544 Adjustments to pre-tax adjusted operating income: Net realized gains/losses on investments (1) 2,163 366 (23,295 ) 9,518 Change in fair value of derivatives (1) (947 ) 345 (3,529 ) 1,498 Pre-tax net income attributable to FBL Financial Group, Inc. 32,099 38,182 26,564 78,560 Income tax expense (6,085 ) (5,511 ) (3,004 ) (11,787 ) Tax on equity income 197 (373 ) 136 (432 ) Net income attributable to FBL Financial Group, Inc. $ 26,211 $ 32,298 $ 23,696 $ 66,341 Adjusted operating revenues: Annuity $ 53,537 $ 54,263 $ 108,191 $ 106,945 Life Insurance 109,492 110,938 216,707 218,196 Corporate and Other 22,022 23,554 46,062 46,682 185,051 188,755 370,960 371,823 Net realized gains/losses on investments (1) 2,259 377 (23,407 ) 9,666 Change in fair value of derivatives (1) 13,403 3,774 (11,577 ) 14,973 Consolidated revenues $ 200,713 $ 192,906 $ 335,976 $ 396,462 (1) Amounts are net of adjustments, as applicable, to amortization of unearned revenue reserves, deferred acquisition costs, value of insurance in force acquired and interest sensitive policy reserves attributable to these items. Interest expense is attributable to the Corporate and Other segment. Expenditures for long-lived assets were not significant during the periods presented above. Goodwill at June 30, 2020 and December 31, 2019 was allocated among the segments as follows: Annuity ( $3.9 million ) and Life Insurance ( $6.1 million ). Equity income related to securities and indebtedness of related parties is attributable to the Life Insurance and Corporate and Other segments. The following chart provides the related equity income by segment. Equity Income (Loss) by Operating Segment Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 (Dollars in thousands) Pre-tax equity income (loss): Life Insurance $ (983 ) $ 1,008 $ (608 ) $ 1,378 Corporate and Other 43 769 (43 ) 678 Total pre-tax equity income (loss) (940 ) 1,777 (651 ) 2,056 Income taxes 197 (373 ) 136 (432 ) Equity income (loss), net of related income taxes $ (743 ) $ 1,404 $ (515 ) $ 1,624 Premiums collected, which is not a measure used in financial statements prepared according to GAAP, includes premiums received on life insurance policies and deposits on annuities and universal life-type products. Premiums collected is a common life insurance industry measure of agent productivity. Net premiums collected totaled $125.9 million for the quarter ended June 30, 2020 and $152.2 million for the same period in 2019 . Net premiums collected totaled $280.0 million for the six months ended June 30, 2020 and $312.9 million for the same period in 2019. Under GAAP, premiums on whole life and term life policies are recognized as revenues over the premium-paying period and reported in the Life Insurance segment. The following chart provides a reconciliation of life insurance premiums collected to those reported in the GAAP financial statements. Reconciliation of Traditional Life Insurance Premiums, Net of Reinsurance Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 (Dollars in thousands) Traditional and universal life insurance premiums collected $ 78,473 $ 79,398 $ 161,108 $ 157,399 Premiums collected on interest sensitive products (29,179 ) (29,517 ) (61,175 ) (57,896 ) Traditional life insurance premiums collected 49,294 49,881 99,933 99,503 Change in due premiums and other 1,035 1,106 (296 ) 876 Traditional life insurance premiums as included in the Consolidated Statements of Operations $ 50,329 $ 50,987 $ 99,637 $ 100,379 There is no comparable GAAP financial measure for premiums collected on annuities and universal life-type products. GAAP revenues for those interest sensitive and variable products consist of various policy charges and fees assessed on those contracts, as summarized in the chart below. Interest Sensitive Product Charges by Segment Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 (Dollars in thousands) Annuity Rider and other product charges $ 1,685 $ 1,370 $ 3,215 $ 2,633 Surrender charges 394 402 750 706 Total 2,079 1,772 3,965 3,339 Life Insurance Administration charges 5,413 4,926 10,856 9,593 Cost of insurance charges 13,337 12,813 26,716 25,446 Surrender charges 626 718 1,331 1,339 Amortization of policy initiation fees 593 1,178 1,445 2,245 Total 19,969 19,635 40,348 38,623 Corporate and Other Administration charges 1,152 1,232 2,336 2,468 Cost of insurance charges 7,142 7,184 14,302 14,386 Surrender charges 8 37 40 61 Separate account charges 1,891 2,016 3,922 3,952 Amortization of policy initiation fees 89 245 638 252 Total 10,282 10,714 21,238 21,119 Impact of net realized gains/losses on investments and change in fair value of derivatives on amortization of unearned revenue reserves 579 413 (922 ) 719 Interest sensitive product charges as included in the Consolidated Statements of Operations $ 32,909 $ 32,534 $ 64,629 $ 63,800

Significant Accounting Polici_2

Significant Accounting Policies Level 2 (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Changes and Error Corrections [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying unaudited consolidated financial statements of FBL Financial Group, Inc. (we or the Company) have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. Our financial statements include all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of our financial position and results of operations. Operating results for the three months ended June 30, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020 , especially when considering the risks and uncertainties associated with the novel coronavirus ("COVID-19") and the impact it may have on our business, results of operations and financial condition. We encourage you to refer to the notes to our consolidated financial statements included in Item 8 of our Form 10-K for the year ended December 31, 2019 for a complete description of our material accounting policies. Also included in the Form 10-K is a description of areas of judgments and estimates and other information necessary to understand our financial position and results of operations. Our estimates and assumptions could change in the future as more information becomes known about the impact of COVID-19. Our results of operations and financial condition may also be impacted by evolving regulatory, legislative and accounting interpretations and guidance.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements Description Date of adoption Effect on our consolidated financial statements or other significant matters Standards adopted: Leases In February 2016, the FASB issued a new lease accounting standard, which, for most lessees, results in a gross-up of the balance sheet. Under the new standard, lessees recognize the leased assets on the balance sheet and recognize a corresponding liability for the present value of lease payments over the lease term. The new standard requires the application of judgment and estimates. Also, there are accounting policy elections that may be taken both at transition and for the accounting post-transition, including whether to adopt a short-term lease recognition exemption. January 1, 2019 Upon adoption using the modified retrospective approach, a cumulative effect adjustment of $0.6 million was recorded to retained earnings, representing the elimination of a deferred gain on a sale-leaseback transaction, and both other assets and other liabilities increased by $7.2 million. We elected the practical expedients provided for under the guidance but did not use hindsight in determining lease term. We have no finance leases and have elected to treat leases with terms of twelve months or less as short-term leases. Description Date of adoption Effect on our consolidated financial statements or other significant matters Standards adopted: Financial instruments - credit impairment In June 2016, the FASB issued guidance amending the accounting for the credit impairment of certain financial instruments. Under the new guidance, credit losses are estimated using an expected loss model under which an allowance for credit losses is established and reflected as a charge to earnings. The allowance is based on the probability of loss over the life of the instrument, considering historical, current and forecast information. The new guidance differs significantly from the incurred loss model used historically, and results in the earlier recognition of credit losses. Since changes in the allowance are reflected in earnings, the new guidance may increase the volatility of earnings as the assumptions used in estimating the allowance are revised. Our available-for-sale fixed maturities will continue to apply the incurred loss model; however, such losses will also be in the form of an allowance for credit losses rather than an adjustment to the cost basis of the security. The new guidance permits entities to recognize improvements in credit loss estimates on fixed maturity available-for-sale securities by immediately reducing the allowance through earnings. January 1, 2020 Upon adoption using the modified retrospective approach, a cumulative effect adjustment of $2.7 million after offsets was recorded to retained earnings as of the first reporting period in which the new guidance was effective. The cumulative effect adjustment arose from the establishment of an allowance for credit losses on our mortgage loan investments totaling $3.1 million and reinsurance recoverable totaling $0.9 million, before offsets. See the discussion that follows for further information. Application of this guidance resulted in a increase to net income of $0.7 million ($0.03 per basic and diluted share) during the six months ended June 30, 2020 and $0.8 million ($0.03 per basic and diluted earnings per share) during the second quarter of 2020. Prior periods were not restated. Standards not yet adopted: Targeted improvements: long-duration contracts In August 2018, the FASB issued guidance that will change the accounting for long-duration insurance contracts. The new guidance impacts several facets of the accounting for such contracts including the accounting for future policy benefits associated with traditional non-participating and limited payment insurance contracts as well as for guaranteed minimum benefits and the amortization model used for deferred acquisition costs. Disclosures as well as presentation of financial results will also change under the new guidance. January 1, 2022 We are currently evaluating the impact of this guidance on our consolidated financial statements but expect the impact to the timing of profit emergence for the impacted insurance contracts to be significant. Adoption of certain portions of the guidance may be applied on a modified retrospective basis and others on a full retrospective basis.
Credit Loss, Financial Instrument [Policy Text Block]	Allowance for Credit Losses As discussed above, effective January 1, 2020, we were required to apply new accounting guidance for the treatment of potential credit losses within certain financial instruments. Our accounting policies and practices as they pertain to the financial instruments impacted by this new guidance are as follows: Fixed Maturities When the fair value of a fixed maturity security is below its amortized cost, an impairment has occurred. To the extent we decide to sell the security or are required to sell the security prior to its recovery of fair value, a charge is taken to realized investment losses as reported within the Consolidated Statement of Operations, and the amortized cost basis of the security is adjusted for the loss. Under the accounting guidance we followed prior to January 1, 2020, to the extent we had no plan or requirement to sell an impaired security, but believed the impairment was other-than-temporary, we similarly recorded a charge to realized investment losses and the amortized cost basis of the security was adjusted for the loss. Beginning in 2020, to the extent an unrealized loss is due to credit, an allowance for credit loss is recognized within the Consolidated Statement of Operations. While fixed maturities are reported net of the allowance for credit losses in our Consolidated Balance Sheet, the allowance is not considered an adjustment to the amortized cost of the security. Accordingly the allowance may increase or decrease over the life of the security based on changes in the assumptions used to determine the allowance, with such changes reported as “Change in allowance for credit losses on investments” within the Consolidated Statement of Operations. Fixed maturity securities are written-off to realized investment losses if we determine that no additional payments of principal or interest will be received. The factors considered in determining whether an allowance for credit losses is required are consistent with those considered in determining whether an other-than-temporary impairment loss had occurred under the accounting guidance we followed prior to January 1, 2020 as discussed in Item 8 of our Form 10-K for the year ended December 31, 2019. We have elected the policy to exclude accrued interest receivable from our allowance calculation since uncollectible accrued interest will continue to be evaluated for collectability and written off as warranted.
Financing Receivable, Allowance for Credit Losses, Policy or Methodology Change[Policy Text Block]	Mortgage Loans The allowance for credit losses on our mortgage loan investments is based on an estimate of credit losses that may occur over the life of the loans, which differs from the accounting guidance we followed prior to January 1, 2020, which was based on incurred losses of individual loans. In determining the allowance, we segregate our mortgage loans with a similar risk profile based on an internal loan rating. Loss factors based on the potential frequency and severity of credit losses at different points in time of the portfolio life are applied to future cash flows to estimate the allowance for credit losses. In determining the loss factors, we consider the potential severity and likelihood of loss based on our historical loan loss experience along with that of other similar organizations as well as economic forecasts. We have elected the policy to exclude accrued interest receivable from our allowance calculation since uncollectible accrued interest will continue to be evaluated for collectability and written off as warranted. Mortgage loans are reported in our Consolidated Balance Sheet net of the allowance for credit losses. Changes in the allowance are reported within the Consolidated Statement of Operations as “Changes in allowance for credit losses on investments.” See Note 2 for further information.
Reinsurance Accounting Policy [Policy Text Block]	Reinsurance Recoverable The allowance for credit losses on our reinsurance recoverable is based on an estimate of credit losses that may occur over the life of the underlying ceded insurance business, which differs from the accounting guidance we followed prior to January 1, 2020, which was based on incurred losses. We develop loss factors that are applied to the amounts due from each reinsurer, which considers the potential severity and likelihood of loss based on the relative risk profile of each reinsurer, our internal loss history and those of other organizations, along with economic forecasts. We also consider other sources of information regarding individual reinsurers, as applicable, including amounts past-due according to the terms of the reinsurance contracts. Reinsurance recoverable assets are reported in our Consolidated Balance Sheet net of the allowance for credit losses. Amounts deemed to be uncollectible are written off against the allowance. Changes in the allowance are reported within the Consolidated Statement of Operations as “Underwriting, acquisition and insurance expenses.” Allowance on Reinsurance Recoverables Three months ended June 30, 2020 Six months ended June 30, 2020 (Dollars in thousands) Beginning balance of the allowance for credit losses $ 875 $ 868 Change in allowance for credit losses (18 ) (11 ) Ending balance of the allowance for credit losses $ 857 $ 857 No reinsurance recoverables were considered past due as of June 30, 2020 .
Income Tax, Policy [Policy Text Block]	Income Taxes Income taxes for interim reporting periods are generally recognized based on an estimated annual effective tax rate, which is computed based on earnings forecasts for the year. Due to uncertainty regarding COVID-19’s potential impact on future investment credit losses, we applied a year-to-date effective tax rate for purposes of estimating tax expense for the first quarter of 2020. While there continues to be uncertainty regarding the ongoing impact of COVID-19, the improvements in the economy and financial markets during the second quarter allowed us to forecast 2020 earnings for the purpose of estimating the annual effective U.S Federal income tax rate used in the calculation of income tax expense for 2020.

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2020
Significant Accounting Policies [Abstract]
Reinsurance Recoverable, Allowance for Credit Loss [Table Text Block]	Allowance on Reinsurance Recoverables Three months ended June 30, 2020 Six months ended June 30, 2020 (Dollars in thousands) Beginning balance of the allowance for credit losses $ 875 $ 868 Change in allowance for credit losses (18 ) (11 ) Ending balance of the allowance for credit losses $ 857 $ 857

Investment Operations (Tables)

Investment Operations (Tables)	6 Months Ended
	Jun. 30, 2020
Investment Operations [Abstract]
Available-for-sale Securities [Table Text Block]	Available-For-Sale Fixed Maturity Securities by Investment Category June 30, 2020 Amortized Cost Gross Unrealized Gains (1) Gross Unrealized Losses (1) Allowance for Credit Losses Fair Value (Dollars in thousands) Fixed maturities: Corporate $ 3,512,003 $ 542,370 $ (20,773 ) $ (12,902 ) $ 4,020,698 Residential mortgage-backed 629,713 64,039 (1,935 ) — 691,817 Commercial mortgage-backed 982,761 158,077 (437 ) — 1,140,401 Other asset-backed 760,127 17,294 (15,670 ) (317 ) 761,434 United States Government and agencies 35,578 3,065 — — 38,643 States and political subdivisions 1,281,890 173,335 (719 ) — 1,454,506 Total fixed maturities $ 7,202,072 $ 958,180 $ (39,534 ) $ (13,219 ) $ 8,107,499 December 31, 2019 Amortized Cost Gross Unrealized Gains (1) Gross Unrealized Losses (1) Fair Value (Dollars in thousands) Fixed maturities: Corporate $ 3,376,432 $ 418,049 $ (15,531 ) $ 3,778,950 Residential mortgage-backed 626,663 47,654 (1,929 ) 672,388 Commercial mortgage-backed 969,453 77,433 (1,413 ) 1,045,473 Other asset-backed 697,390 19,745 (2,614 ) 714,521 United States Government and agencies 12,417 1,711 (5 ) 14,123 States and political subdivisions 1,332,914 145,125 (866 ) 1,477,173 Total fixed maturities $ 7,015,269 $ 709,717 $ (22,358 ) $ 7,702,628 (1) Includes $2.0 million and $2.5 million as of June 30, 2020 and December 31, 2019, respectively, of net unrealized gains on impaired fixed maturities related to changes in fair value subsequent to the impairment date, which are included in AOCI.
Investments Classified by Contractual Maturity Date [Table Text Block]	Available-For-Sale Fixed Maturities by Maturity Date June 30, 2020 Amortized Cost Fair Value (Dollars in thousands) Due in one year or less $ 109,204 $ 110,607 Due after one year through five years 596,612 625,295 Due after five years through ten years 775,685 861,545 Due after ten years 3,347,970 3,916,400 4,829,471 5,513,847 Mortgage-backed and other asset-backed 2,372,601 2,593,652 Total fixed maturities $ 7,202,072 $ 8,107,499
Unrealized Gain (Loss) on Investments [Table Text Block]	Net Unrealized Gains on Investments in Accumulated Other Comprehensive Income June 30, December 31, (Dollars in thousands) Net unrealized appreciation on: Fixed maturities - available for sale $ 918,646 $ 687,359 Adjustments for assumed changes in amortization pattern of: Deferred acquisition costs (262,054 ) (200,227 ) Value of insurance in force acquired (11,567 ) (12,498 ) Unearned revenue reserve 24,777 18,025 Adjustments for assumed changes in policyholder liabilities (47,828 ) (30,642 ) Provision for deferred income taxes (130,614 ) (97,023 ) Net unrealized investment gains $ 491,360 $ 364,994
Schedule of Unrealized Loss on Investments [Table Text Block]	Fixed Maturity Securities with Unrealized Losses by Length of Time without an Allowance for Credit Losses June 30, 2020 Less than one year One year or more Total Description of Securities Fair Value Unrealized Losses (1) Fair Value Unrealized Losses (1) Fair Value Unrealized Losses (1) Percent of Total (Dollars in thousands) Fixed maturities: Corporate $ 202,154 $ (10,674 ) $ 52,598 $ (10,099 ) $ 254,752 $ (20,773 ) 52.6 % Residential mortgage-backed 55,181 (1,241 ) 5,165 (694 ) 60,346 (1,935 ) 4.9 Commercial mortgage-backed 12,019 (437 ) — — 12,019 (437 ) 1.1 Other asset-backed 216,276 (10,230 ) 75,683 (5,440 ) 291,959 (15,670 ) 39.6 States and political subdivisions 14,730 (278 ) 2,538 (441 ) 17,268 (719 ) 1.8 Total fixed maturities $ 500,360 $ (22,860 ) $ 135,984 $ (16,674 ) $ 636,344 $ (39,534 ) 100.0 % Fixed Maturity Securities with Unrealized Losses by Length of Time December 31, 2019 Less than one year One year or more Total Description of Securities Fair Value Unrealized Losses (1) Fair Value Unrealized Losses (1) Fair Value Unrealized Losses (1) Percent of Total (Dollars in thousands) Fixed maturities: Corporate $ 114,520 $ (2,476 ) $ 84,719 $ (13,055 ) $ 199,239 $ (15,531 ) 69.5 % Residential mortgage-backed 68,743 (1,435 ) 6,941 (494 ) 75,684 (1,929 ) 8.6 Commercial mortgage-backed 46,537 (1,266 ) 2,610 (147 ) 49,147 (1,413 ) 6.3 Other asset-backed 112,462 (519 ) 102,439 (2,095 ) 214,901 (2,614 ) 11.7 United States Government and agencies — — 2,494 (5 ) 2,494 (5 ) — States and political subdivisions 19,367 (379 ) 5,936 (487 ) 25,303 (866 ) 3.9 Total fixed maturities $ 361,629 $ (6,075 ) $ 205,139 $ (16,283 ) $ 566,768 $ (22,358 ) 100.0 % (1) Non-credit losses reported in AOCI are included with gross unrealized losses resulting in total gross unrealized losses for fixed maturities, available-for-sale being reported in the table.
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block]	Available-For-Sale Fixed Maturities Allowance for Credit Losses Three months ended June 30, 2020 Corporate Other ABS Total (Dollars in thousands) Beginning balance $ 12,146 $ — $ 12,146 Additions for credit losses not previously recorded 972 317 1,289 Net decrease to previously recorded allowance (216 ) — (216 ) Ending balance $ 12,902 $ 317 $ 13,219 Six months ended June 30, 2020 Corporate Other ABS Total (Dollars in thousands) Beginning balance $ — $ — $ — Additions for credit losses not previously recorded 13,118 317 13,435 Net decrease to previously recorded allowance (216 ) — (216 ) Ending balance $ 12,902 $ 317 $ 13,219
Mortgage Loans by Colateral Type [Table Text Block]	Mortgage Loans by Collateral Type June 30, 2020 December 31, 2019 Collateral Type Amortized Cost Percent of Total Amortized Cost Percent of Total (Dollars in thousands) Office $ 403,505 40.6 % $ 417,746 41.3 % Retail 329,651 33.2 345,870 34.2 Industrial 236,097 23.7 235,274 23.2 Other 12,595 1.3 12,788 1.3 Apartment 11,727 1.2 — — Total $ 993,575 100.0 % $ 1,011,678 100.0 %
Mortgage Loans by Geograpic Location [Table Text Block]	Mortgage Loans by Geographic Location within the United States June 30, 2020 December 31, 2019 Region of the United States Amortized Cost Percent of Total Amortized Cost Percent of Total (Dollars in thousands) South Atlantic $ 272,670 27.5 % $ 288,299 28.5 % Pacific 166,870 16.8 164,996 16.3 East North Central 131,170 13.2 117,053 11.6 Mountain 100,784 10.1 96,857 9.6 West North Central 100,040 10.1 108,942 10.8 East South Central 79,757 8.0 81,275 8.0 West South Central 66,199 6.7 76,650 7.6 Middle Atlantic 44,983 4.5 45,687 4.5 New England 31,102 3.1 31,919 3.1 Total $ 993,575 100.0 % $ 1,011,678 100.0 %
Mortgage Loans by loan to value ratio [Table Text Block]	Mortgage Loans by Loan-to-Value Ratio June 30, 2020 December 31, 2019 Loan-to-Value Ratio Amortized Cost Percent of Total Amortized Cost Percent of Total (Dollars in thousands) 0% - 50% $ 440,674 44.4 % $ 412,973 40.8 % 51% - 60% 323,324 32.5 310,869 30.7 61% - 70% 200,325 20.2 256,280 25.4 71% - 80% 29,252 2.9 31,556 3.1 Total $ 993,575 100.0 % $ 1,011,678 100.0 %
Financing Receivable Credit Quality Indicators [Table Text Block]	Mortgage Loans by Internal Rating and Year of Origination June 30, 2020 2020 2019 2018 2017 2016 2015 & prior Total Internal Rating Amortized Cost (Dollars in thousands) A $ 28,444 $ 56,831 $ 120,109 $ 193,005 $ 137,785 $ 404,575 $ 940,749 B — 11,895 1,917 3,534 — 5,393 22,739 C — — 4,507 — 3,985 17,338 25,830 W — — — — — 4,257 4,257 Total $ 28,444 $ 68,726 $ 126,533 $ 196,539 $ 141,770 $ 431,563 $ 993,575 December 31, 2019 2019 2018 2017 2016 2015 2014 & prior Total Internal Rating Amortized Cost (Dollars in thousands) A $ 69,319 $ 128,334 $ 200,283 $ 144,311 $ 119,724 $ 316,079 $ 978,050 B — — — — — 7,512 7,512 C — — — — — 21,812 21,812 W — — — — — 4,304 4,304 Total $ 69,319 $ 128,334 $ 200,283 $ 144,311 $ 119,724 $ 349,707 $ 1,011,678
Financing Receivable, Allowance for Credit Loss [Table Text Block]	Allowance for Credit Losses on Mortgage Loans Three months ended June 30, 2020 Six months ended June 30, 2020 (Dollars in thousands) Beginning balance $ 3,279 $ 3,164 Current period provision for expected credit losses (576 ) (461 ) Ending balance $ 2,703 $ 2,703
Realized Gain (Loss) on Investments [Table Text Block]	Realized Gains (Losses) - Recorded in Income Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 (Dollars in thousands) Realized gains (losses) on investments Fixed maturities: Gross gains $ 182 $ 143 $ 194 $ 3,137 Gross losses (1,560 ) (304 ) (1,719 ) (304 ) Mortgage loans — — — 2,778 Other — — (9 ) (4 ) (1,378 ) (161 ) (1,534 ) 5,607 Net gains (losses) recognized during the period on equity securities held at the end of the period 4,318 463 (8,913 ) 4,882 Net gains (losses) recognized during the period on equity securities sold during the period (187 ) 75 (201 ) 45 Net gains (losses) recognized during the period on equity securities 4,131 538 (9,114 ) 4,927 Net realized gains (losses) 2,753 377 (10,648 ) 10,534 Credit losses recognized in earnings: Other-than-temporary impairment losses — — — (869 ) Allowance for credit losses on fixed maturity securities (1,073 ) — (13,219 ) — Allowance for credit losses on mortgage loans 576 — 461 — Net realized gains (losses) on investments recorded in income $ 2,256 $ 377 $ (23,406 ) $ 9,665
Schedule of Variable Interest Entities [Table Text Block]	VIE Investments by Category June 30, 2020 December 31, 2019 Carrying Value Maximum Exposure to Loss Carrying Value Maximum Exposure to Loss (Dollars in thousands) LIHTC investments $ 37,177 $ 38,104 $ 42,907 $ 43,834 Investment companies 60,433 113,092 53,388 103,125 Real estate limited partnerships 10,024 15,139 9,565 15,527 Other 491 491 492 492 Total $ 108,125 $ 166,826 $ 106,352 $ 162,978
Schedule of Derivative Instruments [Table Text Block]	Derivatives Instruments by Type June 30, 2020 December 31, 2019 (Dollars in thousands) Assets Freestanding derivatives: Call options (reported in other investments) $ 14,859 $ 31,469 Embedded derivatives: Modified coinsurance (reported in reinsurance recoverable) 2,515 2,327 Interest-only security (reported in fixed maturities) 259 385 Total assets $ 17,633 $ 34,181 Liabilities Embedded derivatives: Indexed products (reported in liability for future policy benefits) $ 79,544 $ 76,346 Modified coinsurance (reported in other liabilities) 238 254 Total liabilities $ 79,782 $ 76,600 Derivative Income (Loss) Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 (Dollars in thousands) Freestanding derivatives: Call options $ 13,595 $ 3,816 $ (8,568 ) $ 12,502 Embedded derivatives: Modified coinsurance 708 620 204 1,253 Interest-only security 17 69 41 116 Indexed products (14,657 ) (3,294 ) 6,419 (12,629 ) Total income (loss) from derivatives $ (337 ) $ 1,211 $ (1,904 ) $ 1,242

Fair Values (Tables)

Fair Values (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Values [Abstract]
Valuation of our Financial Instruments Measured on Recurring Basis by hierarchy levels [Table Text Block]	Valuation of our Financial Instruments Measured on a Recurring Basis by Hierarchy Levels June 30, 2020 Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Fair Value (Dollars in thousands) Assets Fixed maturities: Corporate securities $ — $ 4,016,181 $ 4,517 $ 4,020,698 Residential mortgage-backed securities — 686,581 5,236 691,817 Commercial mortgage-backed securities — 1,132,744 7,657 1,140,401 Other asset-backed securities — 756,774 4,660 761,434 United States Government and agencies 28,075 10,568 — 38,643 States and political subdivisions — 1,454,506 — 1,454,506 Total fixed maturities 28,075 8,057,354 22,070 8,107,499 Non-redeemable preferred stocks — 62,894 6,719 69,613 Common stocks (1) 13,244 — — 13,244 Other investments — 14,859 — 14,859 Cash, cash equivalents and short-term investments 32,017 — — 32,017 Reinsurance recoverable — 2,515 — 2,515 Assets held in separate accounts 599,203 — — 599,203 Total assets $ 672,539 $ 8,137,622 $ 28,789 $ 8,838,950 Liabilities Future policy benefits - indexed product embedded derivatives $ — $ — $ 79,544 $ 79,544 Other liabilities — 238 — 238 Total liabilities $ — $ 238 $ 79,544 $ 79,782 Valuation of our Financial Instruments Measured on a Recurring Basis by Hierarchy Levels December 31, 2019 Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Fair Value (Dollars in thousands) Assets Fixed maturities: Corporate securities $ — $ 3,772,362 $ 6,588 $ 3,778,950 Residential mortgage-backed securities — 672,388 — 672,388 Commercial mortgage-backed securities — 1,032,693 12,780 1,045,473 Other asset-backed securities — 704,766 9,755 714,521 United States Government and agencies 4,821 9,302 — 14,123 States and political subdivisions — 1,477,173 — 1,477,173 Total fixed maturities 4,821 7,668,684 29,123 7,702,628 Non-redeemable preferred stocks — 67,873 6,927 74,800 Common stocks (1) 17,027 — — 17,027 Other investments — 31,469 — 31,469 Cash, cash equivalents and short-term investments 29,142 — — 29,142 Reinsurance recoverable — 2,327 — 2,327 Assets held in separate accounts 645,881 — — 645,881 Total assets $ 696,871 $ 7,770,353 $ 36,050 $ 8,503,274 Liabilities Future policy benefits - indexed product embedded derivatives $ — $ — $ 76,346 $ 76,346 Other liabilities — 254 — 254 Total liabilities $ — $ 254 $ 76,346 $ 76,600 (1) A private equity fund with a fair value estimate of $9.0 million at June 30, 2020 and $8.4 million at December 31, 2019 using net asset value per share as a practical expedient, has not been classified in the fair value hierarchy above in accordance with fair value reporting guidance. This fund invests in senior secured middle market loans and had unfunded commitments totaling $ 1.1 million at June 30, 2020 and $ 1.7 million at December 31, 2019 . The investment is not currently eligible for redemption.
Level 3 fixed maturities on Measurement on Recurring Basis by Valuation Technique [Table Text Block]	Level 3 Assets by Valuation Source - Recurring Basis June 30, 2020 Third-party vendors Priced Fair Value (Dollars in thousands) Corporate securities $ — $ 4,517 $ 4,517 Residential mortgage-backed securities 5,236 — 5,236 Commercial mortgage-backed securities 7,657 — 7,657 Other asset-backed securities 4,660 — 4,660 Non-redeemable preferred stocks — 6,719 6,719 Total assets $ 17,553 $ 11,236 $ 28,789 Percent of total 61.0 % 39.0 % 100.0 % Level 3 Assets by Valuation Source - Recurring Basis December 31, 2019 Third-party vendors Priced internally Fair Value (Dollars in thousands) Corporate securities $ — $ 6,588 $ 6,588 Commercial mortgage-backed securities 12,780 — 12,780 Other asset-backed securities 8,000 1,755 9,755 Non-redeemable preferred stocks — 6,927 6,927 Total assets $ 20,780 $ 15,270 $ 36,050 Percent of total 57.6 % 42.4 % 100.0 %
Quantitative Information about Level 3 Fair Value Measurement Inputs [Text Block]	Quantitative Information about Level 3 Fair Value Measurements - Recurring Basis June 30, 2020 Fair Value Valuation Technique Unobservable Input Range (Weighted Average) (Dollars in thousands) Assets Corporate securities $ 4,517 Discounted cash flow Credit spread 7.07% - 10.30% (8.67%) Other asset-backed securities 3,250 Discounted cash flow Credit spread 2.40% - 3.35% (2.87%) Commercial mortgage-backed securities 7,657 Discounted cash flow Credit spread 2.54% - 3.42% (3.04%) Residential mortgage-backed securities 5,236 Discounted cash flow Credit spread 1.80% (1.80%) Non-redeemable preferred stocks 6,719 Discounted cash flow Credit spread 4.75% (4.75%) Total assets $ 27,379 Liabilities Future policy benefits - indexed product embedded derivatives $ 79,544 Discounted cash flow Credit risk Risk margin 0.65% - 2.10% (1.30%) 0.15% - 0.40% (0.25%) December 31, 2019 Fair Value Valuation Technique Unobservable Input Range (Weighted Average) (Dollars in thousands) Assets Corporate securities $ 6,588 Discounted cash flow Credit spread 2.11% - 5.85% (4.33%) Commercial mortgage-backed securities 12,780 Discounted cash flow Credit spread 1.18% - 2.22% (1.92%) Other asset-backed securities 6,000 Discounted cash flow Credit spread 2.15% - 2.30% (2.23%) Non-redeemable preferred stocks 6,927 Discounted cash flow Credit spread 2.72% (2.72%) Total assets $ 32,295 Liabilities Future policy benefits - indexed product embedded derivatives $ 76,346 Discounted cash flow Credit risk Risk margin 0.40% - 1.35% (0.80%) 0.15% - 0.40% (0.25%)
Level 3 Financial Instruments Changes in Fair Value [Table Text Block]	Level 3 Financial Instruments Changes in Fair Value - Recurring Basis June 30, 2020 Realized and unrealized gains (losses), net Balance, December 31, 2019 Purchases Disposals Included in net income Included in other compre-hensive income Transfers into Level 3 Transfers out of Level 3 (1) Amort-ization included in net income Balance, June 30, 2020 (Dollars in thousands) Assets Corporate securities $ 6,588 $ 6,983 $ (533 ) $ — $ (966 ) $ 3,037 $ (10,592 ) $ — $ 4,517 Residential mortgage-backed securities — 5,236 — — — — — — 5,236 Commercial mortgage-backed securities 12,780 — (198 ) — (369 ) — (4,556 ) — 7,657 Other asset-backed securities 9,755 6,304 (49 ) — (344 ) — (11,005 ) (1 ) 4,660 Non-redeemable preferred stocks 6,927 — — — (208 ) — — — 6,719 Total assets $ 36,050 $ 18,523 $ (780 ) $ — $ (1,887 ) $ 3,037 $ (26,153 ) $ (1 ) $ 28,789 Liabilities Future policy benefits - indexed product embedded derivatives $ 76,346 $ 8,016 $ (3,515 ) $ (1,303 ) $ — $ — $ — $ — $ 79,544 June 30, 2019 Realized and unrealized gains (losses), net Balance, December 31, 2018 Purchases Disposals Included in net income Included in other compre-hensive income Transfers into Level 3 Transfers out of Level 3 (1) Amort-ization included in net income Balance, June 30, 2019 (Dollars in thousands) Assets Corporate securities $ 22,011 $ 6,000 $ (2,673 ) $ — $ 376 $ — $ (6,000 ) $ (16 ) $ 19,698 Residential mortgage-backed securities — 2,124 — — — — — — 2,124 Commercial mortgage-backed securities 67,940 — (186 ) — 498 — (59,918 ) — 8,334 Other asset-backed securities 3,601 16,710 (640 ) — (869 ) — (5,000 ) — 13,802 Non-redeemable preferred stocks 6,862 — — — 186 — — — 7,048 Total assets $ 100,414 $ 24,834 $ (3,499 ) $ — $ 191 $ — $ (70,918 ) $ (16 ) $ 51,006 Liabilities Future policy benefits - indexed product embedded derivatives $ 40,028 $ 6,899 $ (3,364 ) $ 15,812 $ — $ — $ — $ — $ 59,375 (1) Transfers out of Level 3 include those assets that we are now able to obtain pricing from a third-party pricing vendor that uses observable inputs. The fair values of newly issued securities often require additional estimation until a market is created, which is generally within a few months after issuance. Once a market is created, as was the case for the majority of the security transfers out of the Level 3 category above, Level 2 valuation sources become available.
Financial Instruments Not Reported at Value [Table Text Block]	Valuation of our Financial Instruments Not Reported at Fair Value by Hierarchy Levels June 30, 2020 Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Fair Value Carrying Value (Dollars in thousands) Assets Mortgage loans $ — $ — $ 1,057,081 $ 1,057,081 $ 990,872 Policy loans — — 284,151 284,151 200,923 Other investments — 36,317 2,337 38,654 38,304 Total assets $ — $ 36,317 $ 1,343,569 $ 1,379,886 $ 1,230,099 Liabilities Future policy benefits $ — $ — $ 4,730,243 $ 4,730,243 $ 4,434,815 Supplementary contracts without life contingencies — — 307,526 307,526 288,903 Advance premiums and other deposits — — 251,902 251,902 251,902 Long-term debt — — 72,643 72,643 97,000 Liabilities related to separate accounts — — 598,197 598,197 599,203 Total liabilities $ — $ — $ 5,960,511 $ 5,960,511 $ 5,671,823 December 31, 2019 Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Fair Value Carrying Value (Dollars in thousands) Assets Mortgage loans $ — $ — $ 1,059,073 $ 1,059,073 $ 1,011,678 Policy loans — — 256,787 256,787 201,589 Other investments — 29,534 2,215 31,749 31,211 Total assets $ — $ 29,534 $ 1,318,075 $ 1,347,609 $ 1,244,478 Liabilities Future policy benefits $ — $ — $ 4,381,863 $ 4,381,863 $ 4,270,073 Supplementary contracts without life contingencies — — 309,601 309,601 296,915 Advance premiums and other deposits — — 245,480 245,480 245,480 Long-term debt — — 84,438 84,438 97,000 Liabilities related to separate accounts — — 644,691 644,691 645,881 Total liabilities $ — $ — $ 5,666,073 $ 5,666,073 $ 5,555,349

Defined Benefit Plan (Tables)

Defined Benefit Plan (Tables)	6 Months Ended
	Jun. 30, 2020
Defined Benefit Plan [Abstract]
Schedule of Net Benefit Costs [Table Text Block]	Components of Net Periodic Pension Cost for FBL and Affiliates Combined - Multiemployer Plan Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 (Dollars in thousands) Service cost $ 1,303 $ 1,137 $ 2,607 $ 2,274 Interest cost 3,141 3,319 6,283 6,637 Expected return on assets (5,261 ) (4,707 ) (10,523 ) (9,414 ) Amortization of actuarial loss 2,790 2,228 5,579 4,457 Net periodic pension cost $ 1,973 $ 1,977 $ 3,946 $ 3,954 FBL Financial Group, Inc. share of net periodic pension costs $ 629 $ 633 $ 1,258 $ 1,266 Components of Net Periodic Pension Cost for FBL and Affiliates Combined - Other Plans Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 (Dollars in thousands) Service cost $ 79 $ 116 $ 158 $ 233 Interest cost 220 248 440 496 Amortization of actuarial loss 317 267 634 533 Net periodic pension cost $ 616 $ 631 $ 1,232 $ 1,262 FBL Financial Group, Inc. share of net periodic pension costs $ 393 $ 363 $ 785 $ 725

Stockholders Equity (Tables)

Stockholders Equity (Tables)	6 Months Ended
	Jun. 30, 2020
Stockholders' Equity Note [Abstract]
Dividends Declared [Table Text Block]	Dividends Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 Class A and B common stock: Cash dividends per common share $ 0.50 $ 0.48 $ 1.00 $ 0.96 Special cash dividend per common share — — 1.50 1.50 Total common stock dividends per share $ 0.50 $ 0.48 $ 2.50 $ 2.46 Series B preferred stock dividends per share $ 0.0075 $ 0.0075 $ 0.0150 $ 0.0150
Schedule of Stock by Class [Table Text Block]	Reconciliation of Outstanding Common Stock Class A Class B Total Shares Dollars Shares Dollars Shares Dollars (Dollars in thousands) Outstanding at January 1, 2019 24,707,402 $ 152,652 11,413 $ 72 24,718,815 $ 152,724 Stock-based compensation 7,545 212 — — 7,545 212 Purchase of common stock (66,475 ) (410 ) — — (66,475 ) (410 ) Outstanding at June 30, 2019 24,648,472 $ 152,454 11,413 $ 72 24,659,885 $ 152,526 Outstanding at January 1, 2020 24,652,802 $ 152,661 11,413 $ 72 24,664,215 $ 152,733 Stock-based compensation 9,374 310 — — 9,374 310 Purchase of common stock (129,588 ) (803 ) — — (129,588 ) (803 ) Outstanding at June 30, 2020 24,532,588 $ 152,168 11,413 $ 72 24,544,001 $ 152,240
Schedule of Comprehensive Income (Loss) [Table Text Block]	Accumulated Other Comprehensive Income, Net of Tax and Other Offsets Unrealized Net Investment Gains (Losses) on Fixed Maturities Available-for-Sale (1) Underfunded Status of Postretirement Benefit Plans Without Non-Credit Impairment Losses With Non-Credit Impairment Losses Total (Dollars in thousands) Balance at January 1, 2019 $ 96,921 $ 3,133 $ (8,736 ) $ 91,318 Other comprehensive income (loss) before reclassifications 214,083 (902 ) — 213,181 Reclassification adjustments (2,125 ) — 419 (1,706 ) Balance at June 30, 2019 $ 308,879 $ 2,231 $ (8,317 ) $ 302,793 Balance at January 1, 2020 $ 363,020 $ 1,974 $ (10,230 ) $ 354,764 Other comprehensive income (loss) before reclassifications 115,218 (408 ) (1 ) 114,809 Reclassification adjustments 11,556 — 497 12,053 Balance at June 30, 2020 $ 489,794 $ 1,566 $ (9,734 ) $ 481,626 (1) Includes the impact of taxes, deferred acquisition costs, value of insurance in force acquired, unearned revenue reserves and policyholder liabilities. See Note 2 to our consolidated financial statements for further information.
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Accumulated Other Comprehensive Income Reclassification Adjustments Six months ended June 30, 2020 Unrealized Net Investment Gains (Losses) on Fixed Maturities Available-for-Sale (1) Underfunded Status of Postretirement Benefit Plans Without Non-Credit Impairment Losses With Non-Credit Impairment Losses Total (Dollars in thousands) Realized capital losses on sales of fixed maturity securities $ 1,525 $ — $ — $ 1,525 Change in allowance for credit losses on fixed maturity securities 13,219 — — 13,219 Adjustments for assumed changes in deferred acquisition costs, value of insurance in force acquired, unearned revenue reserve and policyholder liabilities (116 ) — — (116 ) Change in unrecognized postretirement items for net actuarial loss — — 630 630 Reclassifications before income taxes 14,628 — 630 15,258 Income taxes (3,072 ) — (133 ) (3,205 ) Reclassification adjustments $ 11,556 $ — $ 497 $ 12,053 Six months ended June 30, 2019 Unrealized Net Investment Gains (Losses) on Fixed Maturities Available-for-Sale (1) Underfunded Status of Postretirement Benefit Plans Without Non-Credit Impairment Losses With Non-Credit Impairment Losses Total (Dollars in thousands) Realized capital gains on sales of fixed maturity securities $ (2,833 ) $ — $ — $ (2,833 ) Adjustments for assumed changes in deferred acquisition costs, value of insurance in force acquired, unearned revenue reserve and policyholder liabilities 143 — — 143 Change in unrecognized postretirement items for net actuarial loss — — 530 530 Reclassifications before income taxes (2,690 ) — 530 (2,160 ) Income taxes 565 — (111 ) 454 Reclassification adjustments $ (2,125 ) $ — $ 419 $ (1,706 ) (1) See Note 2 to our consolidated financial statements for further information.

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 (Dollars in thousands, except per share data) Numerator: Net income attributable to FBL Financial Group, Inc. $ 26,211 $ 32,298 $ 23,696 $ 66,341 Less: Dividends on Series B preferred stock 37 37 75 75 Income available to common stockholders $ 26,174 $ 32,261 $ 23,621 $ 66,266 Denominator: Weighted average shares - basic 24,723,563 24,757,090 24,743,192 24,761,161 Effect of dilutive securities - stock-based compensation 3,975 11,122 4,211 11,149 Weighted average shares - diluted 24,727,538 24,768,212 24,747,403 24,772,310 Earnings per common share $ 1.06 $ 1.30 $ 0.95 $ 2.68 Earnings per common share - assuming dilution $ 1.06 $ 1.30 $ 0.95 $ 2.68

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Information [Abstract]
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Financial Information Concerning our Operating Segments Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 (Dollars in thousands) Pre-tax adjusted operating income: Annuity $ 14,917 $ 14,637 $ 26,936 $ 30,299 Life Insurance 12,260 18,239 22,527 28,331 Corporate and Other 3,706 4,595 3,925 8,914 Total pre-tax adjusted operating income 30,883 37,471 53,388 67,544 Adjustments to pre-tax adjusted operating income: Net realized gains/losses on investments (1) 2,163 366 (23,295 ) 9,518 Change in fair value of derivatives (1) (947 ) 345 (3,529 ) 1,498 Pre-tax net income attributable to FBL Financial Group, Inc. 32,099 38,182 26,564 78,560 Income tax expense (6,085 ) (5,511 ) (3,004 ) (11,787 ) Tax on equity income 197 (373 ) 136 (432 ) Net income attributable to FBL Financial Group, Inc. $ 26,211 $ 32,298 $ 23,696 $ 66,341 Adjusted operating revenues: Annuity $ 53,537 $ 54,263 $ 108,191 $ 106,945 Life Insurance 109,492 110,938 216,707 218,196 Corporate and Other 22,022 23,554 46,062 46,682 185,051 188,755 370,960 371,823 Net realized gains/losses on investments (1) 2,259 377 (23,407 ) 9,666 Change in fair value of derivatives (1) 13,403 3,774 (11,577 ) 14,973 Consolidated revenues $ 200,713 $ 192,906 $ 335,976 $ 396,462 (1) Amounts are net of adjustments, as applicable, to amortization of unearned revenue reserves, deferred acquisition costs, value of insurance in force acquired and interest sensitive policy reserves attributable to these items.
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Equity Income (Loss) by Operating Segment Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 (Dollars in thousands) Pre-tax equity income (loss): Life Insurance $ (983 ) $ 1,008 $ (608 ) $ 1,378 Corporate and Other 43 769 (43 ) 678 Total pre-tax equity income (loss) (940 ) 1,777 (651 ) 2,056 Income taxes 197 (373 ) 136 (432 ) Equity income (loss), net of related income taxes $ (743 ) $ 1,404 $ (515 ) $ 1,624
Reconciliation of Non-GAAP measures [Table Text Block]	Reconciliation of Traditional Life Insurance Premiums, Net of Reinsurance Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 (Dollars in thousands) Traditional and universal life insurance premiums collected $ 78,473 $ 79,398 $ 161,108 $ 157,399 Premiums collected on interest sensitive products (29,179 ) (29,517 ) (61,175 ) (57,896 ) Traditional life insurance premiums collected 49,294 49,881 99,933 99,503 Change in due premiums and other 1,035 1,106 (296 ) 876 Traditional life insurance premiums as included in the Consolidated Statements of Operations $ 50,329 $ 50,987 $ 99,637 $ 100,379 There is no comparable GAAP financial measure for premiums collected on annuities and universal life-type products. GAAP revenues for those interest sensitive and variable products consist of various policy charges and fees assessed on those contracts, as summarized in the chart below. Interest Sensitive Product Charges by Segment Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 (Dollars in thousands) Annuity Rider and other product charges $ 1,685 $ 1,370 $ 3,215 $ 2,633 Surrender charges 394 402 750 706 Total 2,079 1,772 3,965 3,339 Life Insurance Administration charges 5,413 4,926 10,856 9,593 Cost of insurance charges 13,337 12,813 26,716 25,446 Surrender charges 626 718 1,331 1,339 Amortization of policy initiation fees 593 1,178 1,445 2,245 Total 19,969 19,635 40,348 38,623 Corporate and Other Administration charges 1,152 1,232 2,336 2,468 Cost of insurance charges 7,142 7,184 14,302 14,386 Surrender charges 8 37 40 61 Separate account charges 1,891 2,016 3,922 3,952 Amortization of policy initiation fees 89 245 638 252 Total 10,282 10,714 21,238 21,119 Impact of net realized gains/losses on investments and change in fair value of derivatives on amortization of unearned revenue reserves 579 413 (922 ) 719 Interest sensitive product charges as included in the Consolidated Statements of Operations $ 32,909 $ 32,534 $ 64,629 $ 63,800

Significant Accounting Polici_4

Significant Accounting Policies Recent accounting pronouncements (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 1,567,761	$ 1,397,542	$ 1,567,761	$ 1,397,542	$ 1,334,322	$ 1,485,916	$ 1,263,521		$ 1,184,259
Operating Lease, Right-of-Use Asset								$ 7,200
Operating Lease, Liability								$ 7,200
Net income	$ 26,123	$ 32,257	$ 23,552	$ 66,301
Earnings Per Share, Basic	$ 1.06	$ 1.30	$ 0.95	$ 2.68
Earnings Per Share, Diluted	$ 1.06	$ 1.30	$ 0.95	$ 2.68
Accounting Standards Update 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net income	$ 800		$ 700
Earnings Per Share, Basic	$ 0.03		$ 0.03
Earnings Per Share, Diluted	$ 0.03		$ 0.03
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 930,937	$ 939,143	$ 930,937	$ 939,143	$ 920,032	975,260	$ 918,718		937,097
Net income	$ 26,211	$ 32,298	$ 23,696	$ 66,341
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest									595
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest						(2,685)
Cumulative Effect, Period of Adoption, Adjustment | Retained Earnings | Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest									$ 595
Cumulative Effect, Period of Adoption, Adjustment | Retained Earnings | Accounting Standards Update 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest						(2,685)
Cumulative Effect, Period of Adoption, Adjustment | Retained Earnings | Mortgages | Accounting Standards Update 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest						(3,100)
Cumulative Effect, Period of Adoption, Adjustment | Retained Earnings | Reinsurance Recoverable | Accounting Standards Update 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest						$ (900)

Significant Accounting Polici_5

Significant Accounting Policies Allowance on Reinsurance Recoverables (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Reinsurance Recoverable, Allowance for Credit Loss [Line Items]
Balance at beginning of period	$ 875	$ 868
Reinsurance Recoverable, Allowance for Credit Loss, Period Increase (Decrease)	(18)	(11)
Balance at end of period	$ 857	$ 857

Investment Operations Available

Investment Operations Available-for-sale Securities (Details) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		$ 7,202,072	$ 7,015,269
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	[1]	958,180	709,717
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	[1]	(39,534)	(22,358)
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held		(13,219)
Available-for-sale Securities		8,107,499	7,702,628
Debt Securities, Available-for-sale, Net Unrealized Gains, related to changes in fair value subsequent to the impairment date, included in AOCI		2,000	2,500
Corporate Debt Securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		3,512,003	3,376,432
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	[1]	542,370	418,049
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	[1]	(20,773)	(15,531)
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held		(12,902)
Available-for-sale Securities		4,020,698	3,778,950
Interest Receivable - Reversed		300
Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		629,713	626,663
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	[1]	64,039	47,654
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	[1]	(1,935)	(1,929)
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held		0
Available-for-sale Securities		691,817	672,388
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		982,761	969,453
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	[1]	158,077	77,433
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	[1]	(437)	(1,413)
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held		0
Available-for-sale Securities		1,140,401	1,045,473
Other asset backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		760,127	697,390
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	[1]	17,294	19,745
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	[1]	(15,670)	(2,614)
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held		(317)
Available-for-sale Securities		761,434	714,521
United States Government and agencies
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		35,578	12,417
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	[1]	3,065	1,711
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	[1]	0	(5)
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held		0
Available-for-sale Securities		38,643	14,123
State, municipal and other government
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		1,281,890	1,332,914
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	[1]	173,335	145,125
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	[1]	(719)	(866)
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held		0
Available-for-sale Securities		1,454,506	$ 1,477,173
Available-for-sale Securities
Debt Securities, Available-for-sale [Line Items]
Accrued Investment Income		$ 67,900
[1]	Includes $2.0 million and $2.5 million as of June 30, 2020 and December 31, 2019, respectively, of net unrealized gains on impaired fixed maturities related to changes in fair value subsequent to the impairment date, which are included in AOCI.

Investment Operations Availab_2

Investment Operations Available-for-sale Fixed Maturities by Maturity Date (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale, Amortized Cost, Fiscal Year Maturity [Abstract]
Due in one year or less, amortized cost basis	$ 109,204
Due after one year through five years, amortized cost basis	596,612
Due after five years through ten years, amortized cost basis	775,685
Due after ten years, amortized cost basis	3,347,970
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Amortized Cost	4,829,471
Mortgage-backed and other asset-backed, amortized cost basis	2,372,601
Total fixed maturities, amortized cost basis	7,202,072	$ 7,015,269
Debt Securities, Available-for-sale, Fair Value, Fiscal Year Maturity [Abstract]
Due in one year or less, fair value	110,607
Due after one year through five years, fair value	625,295
Due after five years through ten years, fair value	861,545
Due after ten years, fair value	3,916,400
Total fixed maturities with maturity date, fair value	5,513,847
Mortgage-backed and other asset-backed, fair value	2,593,652
Total fixed maturities, fair value	$ 8,107,499	$ 7,702,628

Investment Operations Net Unrea

Investment Operations Net Unrealized Gains (Losses) on Investments in AOCI (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Net Unrealized Gains Losses [Line Items]
Assumed changes in amortization of DAC	$ (262,054)	$ (200,227)
Assumed changes in amortization pattern of VIIF	(11,567)	(12,498)
Assumed changes in amortization pattern of URR	24,777	18,025
Assumed change in policyholder liability	(47,828)	(30,642)
Provision for deferred income taxes	(130,614)	(97,023)
Accumulated other comprehensive income	481,626	354,764
Debt Securities
Net Unrealized Gains Losses [Line Items]
Unrealized appreciation on fixed maturities available for sale	918,646	687,359
Accumulated Net Unrealized Investment Gain (Loss)
Net Unrealized Gains Losses [Line Items]
Accumulated other comprehensive income	$ 491,360	$ 364,994

Investment Operations Unrealize

Investment Operations Unrealized Losses by Length of Time (Details) $ in Thousands		Jun. 30, 2020USD ($)issuerssecurities	Dec. 31, 2019USD ($)issuerssecurities
Debt Securities, Available-for-sale [Line Items]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | securities		292	189
Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Issuers | issuers		236	145
Corporate Debt Securities
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value		$ 202,154	$ 114,520
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	[1]	(10,674)	(2,476)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		52,598	84,719
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	[1]	(10,099)	(13,055)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		254,752	199,239
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	[1]	$ (20,773)	$ (15,531)
percent of total		52.60%	69.50%
Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value		$ 55,181	$ 68,743
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	[1]	(1,241)	(1,435)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		5,165	6,941
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	[1]	(694)	(494)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		60,346	75,684
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	[1]	$ (1,935)	$ (1,929)
percent of total		4.90%	8.60%
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value		$ 12,019	$ 46,537
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	[1]	(437)	(1,266)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		0	2,610
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	[1]	0	(147)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		12,019	49,147
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	[1]	$ (437)	$ (1,413)
percent of total		1.10%	6.30%
Other asset backed securities
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value		$ 216,276	$ 112,462
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	[1]	(10,230)	(519)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		75,683	102,439
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	[1]	(5,440)	(2,095)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		291,959	214,901
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	[1]	$ (15,670)	$ (2,614)
percent of total		39.60%	11.70%
United States Government and agencies
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value			$ 0
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	[1]		0
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value			2,494
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	[1]		(5)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value			2,494
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	[1]		$ (5)
percent of total			0.00%
State, municipal and other government
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value		$ 14,730	$ 19,367
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	[1]	(278)	(379)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		2,538	5,936
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	[1]	(441)	(487)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		17,268	25,303
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	[1]	$ (719)	$ (866)
percent of total		1.80%	3.90%
Debt Securities
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value		$ 500,360	$ 361,629
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	[1]	(22,860)	(6,075)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		135,984	205,139
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	[1]	(16,674)	(16,283)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		636,344	566,768
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	[1]	$ (39,534)	$ (22,358)
percent of total		100.00%	100.00%
Corporate Debt Securities | Energy Commodities and Service
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		$ 75,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss		(10,700)
Corporate Debt Securities | Consumer non-cyclical sector
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		39,600
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss		$ (2,800)
[1]	Non-credit losses reported in AOCI are included with gross unrealized losses resulting in total gross unrealized losses for fixed maturities, available-for-sale being reported in the table.

Investment Operations Credit lo

Investment Operations Credit loss component of Other-than-temporary Impairments on Fixed Maturities (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Corporate Debt Securities
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Beginning balance	$ 12,146,000	$ 0
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded	972,000	13,118,000
Debt Securities, Available-for-sale, Allowance for Credit Loss, Period Increase (Decrease)	(216,000)	(216,000)
Ending balance	12,902,000	12,902,000
Other asset backed securities
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Beginning balance	0	0
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded	317,000	317,000
Debt Securities, Available-for-sale, Allowance for Credit Loss, Period Increase (Decrease)	0	0
Ending balance	317,000	317,000
Available-for-sale Securities
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Beginning balance	12,146,000	0
Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded	1,289,000	13,435,000
Debt Securities, Available-for-sale, Allowance for Credit Loss, Period Increase (Decrease)	(216,000)	(216,000)
Ending balance	$ 13,219,000	$ 13,219,000

Investment Operations Mortgage

Investment Operations Mortgage Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Carrying Value	$ 993,575	$ 1,011,678
Percentage of Mortgage Loans	100.00%	100.00%
0% to 50% loan to value
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Carrying Value	$ 440,674	$ 412,973
Percentage of Mortgage Loans	44.40%	40.80%
51% to 60% loan-to-value
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Carrying Value	$ 323,324	$ 310,869
Percentage of Mortgage Loans	32.50%	30.70%
61% to 70% loan-to-value
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Carrying Value	$ 200,325	$ 256,280
Percentage of Mortgage Loans	20.20%	25.40%
71% to 80% loan-to-value
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Carrying Value	$ 29,252	$ 31,556
Percentage of Mortgage Loans	2.90%	3.10%
South Atlantic
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Carrying Value	$ 272,670	$ 288,299
Percentage of Mortgage Loans	27.50%	28.50%
Pacific
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Carrying Value	$ 166,870	$ 164,996
Percentage of Mortgage Loans	16.80%	16.30%
East North Central
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Carrying Value	$ 131,170	$ 117,053
Percentage of Mortgage Loans	13.20%	11.60%
Mountain
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Carrying Value	$ 100,784	$ 96,857
Percentage of Mortgage Loans	10.10%	9.60%
West North Central
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Carrying Value	$ 100,040	$ 108,942
Percentage of Mortgage Loans	10.10%	10.80%
East South Central
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Carrying Value	$ 79,757	$ 81,275
Percentage of Mortgage Loans	8.00%	8.00%
West South Central
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Carrying Value	$ 66,199	$ 76,650
Percentage of Mortgage Loans	6.70%	7.60%
Middle Atlantic
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Carrying Value	$ 44,983	$ 45,687
Percentage of Mortgage Loans	4.50%	4.50%
New England
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Carrying Value	$ 31,102	$ 31,919
Percentage of Mortgage Loans	3.10%	3.10%
Office
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Carrying Value	$ 403,505	$ 417,746
Percentage of Mortgage Loans	40.60%	41.30%
Retail
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Carrying Value	$ 329,651	$ 345,870
Percentage of Mortgage Loans	33.20%	34.20%
Industrial
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Carrying Value	$ 236,097	$ 235,274
Percentage of Mortgage Loans	23.70%	23.20%
Other property type
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Carrying Value	$ 12,595	$ 12,788
Percentage of Mortgage Loans	1.30%	1.30%
Apartment Building
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Carrying Value	$ 11,727	$ 0
Percentage of Mortgage Loans	1.20%	0.00%
Mortgages
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Accrued Investment Income	$ 3,700
Other Commitment	$ 11,200

Investment Operations Internal

Investment Operations Internal Rating and Year of Origination on Mortgage Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	$ 28,444	$ 69,319
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	68,726	128,334
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	126,533	200,283
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	196,539	144,311
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	141,770	119,724
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	431,563	349,707
Mortgage Loans on Real Estate, Commercial and Consumer, Net	993,575	1,011,678
Prime
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year	28,444	69,319
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	56,831	128,334
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	120,109	200,283
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	193,005	144,311
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	137,785	119,724
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	404,575	316,079
Mortgage Loans on Real Estate, Commercial and Consumer, Net	940,749	978,050
Internal Investment Grade
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	11,895
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	1,917
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	3,534
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	5,393	7,512
Mortgage Loans on Real Estate, Commercial and Consumer, Net	22,739	7,512
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	4,507
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	3,985
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	17,338	21,812
Mortgage Loans on Real Estate, Commercial and Consumer, Net	25,830	21,812
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	4,257	4,304
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 4,257	$ 4,304

Investment Operations Allowance

Investment Operations Allowance on Mortgage Loans (Details) - Commercial Portfolio Segment - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance	$ 3,279	$ 3,164
Provision for Loan, Lease, and Other Losses	(576)	(461)
Ending balance	$ 2,703	$ 2,703

Investment Operations Realized

Investment Operations Realized Gains (Losses) - Recorded in Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Gain (Loss) on Securities [Line Items]
Other	$ 0	$ 0	$ (9)	$ (4)
Realized Gains (Loss) on sales of investments	(1,378)	(161)	(1,534)	5,607
Equity Securities, FV-NI, Realized Gain (Loss)	4,131	538	(9,114)	4,927
Net realized capital gains on sales of investments	2,753	377	(10,648)	10,534
Other than Temporary Impairment Losses	0	0	0	(869)
Allowance for credit losses	(497)	0	(12,758)	0
Realized gains (losses) on investments recorded in income	2,256	377	(23,406)	9,665
Proceeds from Sale of Available-for-sale Securities			9,700	22,200
Debt Securities
Gain (Loss) on Securities [Line Items]
Allowance for credit losses	(1,073)	0	(13,219)	0
Debt Securities | Categories of Investments, Marketable Securities, Available-for-sale Securities
Gain (Loss) on Securities [Line Items]
Gross gains	182	143	194	3,137
Gross losses	(1,560)	(304)	(1,719)	(304)
Equity Securities | Categories of Investments, Marketable Securities, Available-for-sale Securities
Gain (Loss) on Securities [Line Items]
Equity Securities, FV-NI, Realized Gain (Loss), held at the end of the period	4,318	463	(8,913)	4,882
Equity Securities, FV-NI, Realized Gain (Loss), sold during the period	(187)	75	(201)	45
Real Estate Loan
Gain (Loss) on Securities [Line Items]
Allowance for credit losses	(576)	0	(461)	0
Real Estate Loan | Cost-method Investments
Gain (Loss) on Securities [Line Items]
Mortgage loans	$ 0	$ 0	$ 0	$ 2,778

Investment Operations Variable

Investment Operations Variable Interest Entities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Variable Interest Entity [Line Items]
Other assets	$ 163,666	$ 167,940
Securities and indebtedness of related parties	82,628	74,791
Assets	10,748,978	10,480,206
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Assets	108,125	106,352
Low income housing tax credits | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Other assets	37,177	42,907
Investment companies | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Securities and indebtedness of related parties	60,433	53,388
Real estate limited partnerships | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Securities and indebtedness of related parties	10,024	9,565
Other VIE investments | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Securities and indebtedness of related parties	491	492
Other Assets | Low income housing tax credits | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	38,104	43,834
Securities and indebtedness of related parties | Investment companies | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	113,092	103,125
Securities and indebtedness of related parties | Real estate limited partnerships | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	15,139	15,527
Securities and indebtedness of related parties | Other VIE investments | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	491	492
Assets | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	$ 166,826	$ 162,978

Investment Operations Derivativ

Investment Operations Derivative instruments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Derivatives, Fair Value [Line Items]
Derivative assets	$ 17,633		$ 17,633		$ 34,181
Derivative Liabilities	79,782		79,782		76,600
Derivative, Gain (Loss) on Derivative, Net	(337)	$ 1,211	(1,904)	$ 1,242
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Asset	12,800		12,800
Securities Received as Collateral	7,300		7,300
Net Derivative Exposure	14,900		14,900
Investment Income | Equity Option
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	13,595	3,816	(8,568)	12,502
Investment Income | Embedded Derivative Financial Instruments - MODCO
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	708	620	204	1,253
Investment Income | Embedded Derivative Financial Instruments - Interest only Security
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	17	69	41	116
Insurance sensitive product charges | Embedded Derivative Financial Instruments
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(14,657)	$ (3,294)	6,419	$ (12,629)
Other Investments | Equity Option
Derivatives, Fair Value [Line Items]
Derivative assets	14,859		14,859		31,469
Reinsurance Recoverable | Embedded Derivative Financial Instruments
Derivatives, Fair Value [Line Items]
Derivative Asset, Assumed	2,515		2,515		2,327
Available-for-sale Securities | Embedded Derivative Financial Instruments
Derivatives, Fair Value [Line Items]
Derivative assets	259		259		385
Contract Holder Funds | Embedded Derivative Financial Instruments
Derivatives, Fair Value [Line Items]
Derivative Liabilities	79,544		79,544		76,346
Other Liabilities | Embedded Derivative Financial Instruments
Derivatives, Fair Value [Line Items]
Derivative Liabilities	$ 238		$ 238		$ 254

Fair Values Valuation of Financ

Fair Values Valuation of Financial Instruments by Hierarchy Levels (Details) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		$ 8,107,499	$ 7,702,628
Other investments		17,633	34,181
Assets held in separate accounts		599,203	645,881
Reported Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments		38,304	31,211
Future policy benefits - index product embedded derivatives		4,434,815	4,270,073
Fair Value, Measurements, Recurring | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments		14,859	31,469
Cash and short-term investments		32,017	29,142
Reinsurance recoverable		2,515	2,327
Assets held in separate accounts		599,203	645,881
Assets, Fair Value Disclosure		8,838,950	8,503,274
Other liabilities		238	254
Total liabilities		79,782	76,600
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments		0	0
Cash and short-term investments		32,017	29,142
Reinsurance recoverable		0	0
Assets held in separate accounts		599,203	645,881
Assets, Fair Value Disclosure		672,539	696,871
Other liabilities		0	0
Total liabilities		0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments		14,859	31,469
Cash and short-term investments		0	0
Reinsurance recoverable		2,515	2,327
Assets held in separate accounts		0	0
Assets, Fair Value Disclosure		8,137,622	7,770,353
Other liabilities		238	254
Total liabilities		238	254
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments		0	0
Cash and short-term investments		0	0
Reinsurance recoverable		0	0
Assets held in separate accounts		0	0
Assets, Fair Value Disclosure		28,789	36,050
Other liabilities		0	0
Total liabilities		79,544	76,346
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		28,789	36,050
Debt Securities | Fair Value, Measurements, Recurring | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		8,107,499	7,702,628
Debt Securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		28,075	4,821
Debt Securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		8,057,354	7,668,684
Debt Securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		22,070	29,123
Corporate Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		4,020,698	3,778,950
Corporate Debt Securities | Fair Value, Measurements, Recurring | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		4,020,698	3,778,950
Corporate Debt Securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0	0
Corporate Debt Securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		4,016,181	3,772,362
Corporate Debt Securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		4,517	6,588
Corporate Debt Securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		4,517	6,588
Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		691,817	672,388
Residential mortgage-backed securities | Fair Value, Measurements, Recurring | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities available-for-sale		691,817	672,388
Residential mortgage-backed securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities available-for-sale		0	0
Residential mortgage-backed securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities available-for-sale		686,581	672,388
Residential mortgage-backed securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities available-for-sale		5,236	0
Residential mortgage-backed securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		5,236
Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		1,140,401	1,045,473
Commercial mortgage-backed securities | Fair Value, Measurements, Recurring | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities available-for-sale		1,140,401	1,045,473
Commercial mortgage-backed securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities available-for-sale		0	0
Commercial mortgage-backed securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities available-for-sale		1,132,744	1,032,693
Commercial mortgage-backed securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities available-for-sale		7,657	12,780
Commercial mortgage-backed securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		7,657	12,780
Other asset backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		761,434	714,521
Other asset backed securities | Fair Value, Measurements, Recurring | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities available-for-sale		761,434	714,521
Other asset backed securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities available-for-sale		0	0
Other asset backed securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities available-for-sale		756,774	704,766
Other asset backed securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities available-for-sale		4,660	9,755
Other asset backed securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		4,660	9,755
United States Government and agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		38,643	14,123
United States Government and agencies | Fair Value, Measurements, Recurring | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		38,643	14,123
United States Government and agencies | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		28,075	4,821
United States Government and agencies | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		10,568	9,302
United States Government and agencies | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0	0
State, municipal and other government
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		1,454,506	1,477,173
State, municipal and other government | Fair Value, Measurements, Recurring | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		1,454,506	1,477,173
State, municipal and other government | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0	0
State, municipal and other government | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		1,454,506	1,477,173
State, municipal and other government | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0	0
Non-redeemable preferred stock | Fair Value, Measurements, Recurring | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		69,613	74,800
Non-redeemable preferred stock | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0	0
Non-redeemable preferred stock | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		62,894	67,873
Non-redeemable preferred stock | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		6,719	6,927
Non-redeemable preferred stock | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		6,719	6,927
Common Stock | Private Equity Funds, US
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments		1,100	1,700
Common Stock | Fair Value Measured at Net Asset Value Per Share | Private Equity Funds, US
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments Net Asset Value		9,000	8,400
Common Stock | Fair Value, Measurements, Recurring | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	[1]	13,244	17,027
Common Stock | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		13,244	17,027
Common Stock | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0	0
Common Stock | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0	0
Index Product Embedded Derivatives | Fair Value, Measurements, Recurring | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Future policy benefits - index product embedded derivatives		79,544	76,346
Index Product Embedded Derivatives | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Future policy benefits - index product embedded derivatives		0	0
Index Product Embedded Derivatives | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Future policy benefits - index product embedded derivatives		0	0
Index Product Embedded Derivatives | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Future policy benefits - index product embedded derivatives		$ 79,544	$ 76,346
[1]	A private equity fund with a fair value estimate of $9.0 million at June 30, 2020 and $8.4 million at December 31, 2019 using net asset value per share as a practical expedient, has not been classified in the fair value hierarchy above in accordance with fair value reporting guidance. This fund invests in senior secured middle market loans and had unfunded commitments totaling $ 1.1 million at June 30, 2020 and $ 1.7 million at December 31, 2019 . The investment is not currently eligible for redemption.

Fair Values Level 3 Fixed Matur

Fair Values Level 3 Fixed Maturitiies on a Recurring Basis by Valuation Source (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	$ 8,107,499	$ 7,702,628
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure	28,789	36,050
Corporate Debt Securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	$ 4,020,698	$ 3,778,950
percent of total	52.60%	69.50%
Corporate Debt Securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	$ 4,517	$ 6,588
Residential mortgage-backed securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	$ 691,817	$ 672,388
percent of total	4.90%	8.60%
Commercial mortgage-backed securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	$ 1,140,401	$ 1,045,473
percent of total	1.10%	6.30%
Other asset backed securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	$ 761,434	$ 714,521
percent of total	39.60%	11.70%
Non-redeemable preferred stock | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	$ 6,719	$ 6,927
Estimate of Fair Value Measurement | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure	8,838,950	8,503,274
Estimate of Fair Value Measurement | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	$ 28,789	$ 36,050
percent of total	100.00%	100.00%
Estimate of Fair Value Measurement | Corporate Debt Securities | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	$ 4,020,698	$ 3,778,950
Estimate of Fair Value Measurement | Corporate Debt Securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	4,517	6,588
Estimate of Fair Value Measurement | Residential mortgage-backed securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	5,236
Estimate of Fair Value Measurement | Commercial mortgage-backed securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	7,657	12,780
Estimate of Fair Value Measurement | Other asset backed securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	4,660	9,755
Estimate of Fair Value Measurement | Non-redeemable preferred stock | Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	69,613	74,800
Estimate of Fair Value Measurement | Non-redeemable preferred stock | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	6,719	6,927
Estimate of Fair Value Measurement | Third-party vendors | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	$ 17,553	$ 20,780
percent of total	61.00%	57.60%
Estimate of Fair Value Measurement | Third-party vendors | Corporate Debt Securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	$ 0	$ 0
Estimate of Fair Value Measurement | Third-party vendors | Residential mortgage-backed securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	5,236
Estimate of Fair Value Measurement | Third-party vendors | Commercial mortgage-backed securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	7,657	12,780
Estimate of Fair Value Measurement | Third-party vendors | Other asset backed securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	4,660	8,000
Estimate of Fair Value Measurement | Third-party vendors | Non-redeemable preferred stock | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	0	0
Estimate of Fair Value Measurement | Priced internally | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	$ 11,236	$ 15,270
percent of total	39.00%	42.40%
Estimate of Fair Value Measurement | Priced internally | Corporate Debt Securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	$ 4,517	$ 6,588
Estimate of Fair Value Measurement | Priced internally | Residential mortgage-backed securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	0
Estimate of Fair Value Measurement | Priced internally | Commercial mortgage-backed securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	0	0
Estimate of Fair Value Measurement | Priced internally | Other asset backed securities | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	0	1,755
Estimate of Fair Value Measurement | Priced internally | Non-redeemable preferred stock | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Available-for-sale Securities	$ 6,719	$ 6,927

Fair Values Quantitative Inform

Fair Values Quantitative Information about Unobservable Measurement Inputs (Details) - Fair Value, Measurements, Recurring - Fair Value, Inputs, Level 3 - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure	$ 28,789		$ 36,050
Index Product Embedded Derivatives
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Future policy benefits - index product embedded derivatives	$ 79,544		76,346
Index Product Embedded Derivatives | Minimum | Valuation Technique, Discounted Cash Flow | Measurement Input, Entity Credit Risk
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Input range and weighted average	.0065	.004
Index Product Embedded Derivatives | Minimum | Valuation Technique, Discounted Cash Flow | Measurement Input, Risk Margin
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Input range and weighted average	0.0015	0.0015
Index Product Embedded Derivatives | Maximum | Valuation Technique, Discounted Cash Flow | Measurement Input, Entity Credit Risk
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Input range and weighted average	.021	.0135
Index Product Embedded Derivatives | Maximum | Valuation Technique, Discounted Cash Flow | Measurement Input, Risk Margin
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Input range and weighted average	0.004	0.004
Index Product Embedded Derivatives | Weighted Average | Valuation Technique, Discounted Cash Flow | Measurement Input, Entity Credit Risk
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Input range and weighted average	.013	.008
Index Product Embedded Derivatives | Weighted Average | Valuation Technique, Discounted Cash Flow | Measurement Input, Risk Margin
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Input range and weighted average	0.0025	0.0025
Corporate Debt Securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure	$ 4,517		6,588
Corporate Debt Securities | Minimum | Valuation Technique, Discounted Cash Flow | Measurement Input, Credit Spread
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Input range and weighted average	.0707	.0211
Corporate Debt Securities | Maximum | Valuation Technique, Discounted Cash Flow | Measurement Input, Credit Spread
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Input range and weighted average	.103	.0585
Corporate Debt Securities | Weighted Average | Valuation Technique, Discounted Cash Flow | Measurement Input, Credit Spread
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Input range and weighted average	.0867	.0433
Other asset backed securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure	$ 3,250		6,000
Other asset backed securities | Minimum | Valuation Technique, Discounted Cash Flow | Measurement Input, Credit Spread
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Input range and weighted average	.024	.0215
Other asset backed securities | Maximum | Valuation Technique, Discounted Cash Flow | Measurement Input, Credit Spread
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Input range and weighted average	.0335	.023
Other asset backed securities | Weighted Average | Valuation Technique, Discounted Cash Flow | Measurement Input, Credit Spread
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Input range and weighted average	.0287	.0223
Commercial mortgage-backed
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure	$ 7,657		12,780
Commercial mortgage-backed | Minimum | Valuation Technique, Discounted Cash Flow | Measurement Input, Credit Spread
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Input range and weighted average	.0254	.0118
Commercial mortgage-backed | Maximum | Valuation Technique, Discounted Cash Flow | Measurement Input, Credit Spread
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Input range and weighted average	.0342	.0222
Commercial mortgage-backed | Weighted Average | Valuation Technique, Discounted Cash Flow | Measurement Input, Credit Spread
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Input range and weighted average	.0304	.0192
Residential mortgage-backed
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure	$ 5,236
Residential mortgage-backed | Minimum | Valuation Technique, Discounted Cash Flow | Measurement Input, Credit Spread
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Input range and weighted average	.018
Residential mortgage-backed | Maximum | Valuation Technique, Discounted Cash Flow | Measurement Input, Credit Spread
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Input range and weighted average	.018
Residential mortgage-backed | Weighted Average | Valuation Technique, Discounted Cash Flow | Measurement Input, Credit Spread
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Input range and weighted average	.018
Non-redeemable preferred stock
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure	$ 6,719		6,927
Non-redeemable preferred stock | Minimum | Valuation Technique, Discounted Cash Flow | Measurement Input, Credit Spread
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Input range and weighted average	.0475	.0272
Non-redeemable preferred stock | Maximum | Valuation Technique, Discounted Cash Flow | Measurement Input, Credit Spread
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Input range and weighted average	.0475	.0272
Non-redeemable preferred stock | Weighted Average | Valuation Technique, Discounted Cash Flow | Measurement Input, Credit Spread
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Input range and weighted average	.0475	.0272
Asset fair value by technique
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure	$ 27,379		$ 32,295

Fair Values Level 3 Financial I

Fair Values Level 3 Financial Instruments Changes in Fair Value (Details) - Fair Value, Measurements, Recurring - Fair Value, Inputs, Level 3 - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Asset Balance, beginning of period		$ 36,050	$ 100,414
Purchases		18,523	24,834
Disposals		(780)	(3,499)
Realized and unrealized gains (losses), net, included in net income		0	0
Realized and unrealized gains (losses), net, included in other comprehensive income		(1,887)	(191)
Transfers Into Level 3		3,037	0
Transfers out of Level 3	[1]	(26,153)	(70,918)
Amortization included in net income		(1)	(16)
Asset Balance, end of period		28,789	51,006
Index Product Embedded Derivatives
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Liability balance, beginning of period		76,346	40,028
Purchases		8,016	6,899
Settlements		(3,515)	(3,364)
Realized and unrealized gains (losses), net, included in net income		(1,303)	(15,812)
Realized and unrealized gains (losses), net, included in other comprehensive income		0	0
Transfers Into Level 3		0	0
Transfers out of Level 3		0	0
Liability balance, end of period		79,544	59,375
Corporate Debt Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Asset Balance, beginning of period		6,588	22,011
Purchases		6,983	6,000
Disposals		(533)	(2,673)
Realized and unrealized gains (losses), net, included in net income		0	0
Realized and unrealized gains (losses), net, included in other comprehensive income		(966)	(376)
Transfers Into Level 3		3,037	0
Transfers out of Level 3	[1]	(10,592)	(6,000)
Amortization included in net income		0	(16)
Asset Balance, end of period		4,517	19,698
Residential mortgage-backed securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Asset Balance, beginning of period		0	0
Purchases		5,236	2,124
Disposals		0	0
Realized and unrealized gains (losses), net, included in net income		0	0
Realized and unrealized gains (losses), net, included in other comprehensive income		0	0
Transfers Into Level 3		0	0
Transfers out of Level 3	[1]	0	0
Amortization included in net income		0	0
Asset Balance, end of period		5,236	2,124
Commercial mortgage-backed securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Asset Balance, beginning of period		12,780	67,940
Purchases		0	0
Disposals		(198)	(186)
Realized and unrealized gains (losses), net, included in net income		0	0
Realized and unrealized gains (losses), net, included in other comprehensive income		(369)	(498)
Transfers Into Level 3		0	0
Transfers out of Level 3	[1]	(4,556)	(59,918)
Amortization included in net income		0	0
Asset Balance, end of period		7,657	8,334
Other asset backed securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Asset Balance, beginning of period		9,755	3,601
Purchases		6,304	16,710
Disposals		(49)	(640)
Realized and unrealized gains (losses), net, included in net income		0	0
Realized and unrealized gains (losses), net, included in other comprehensive income		(344)	869
Transfers Into Level 3		0	0
Transfers out of Level 3	[1]	(11,005)	(5,000)
Amortization included in net income		(1)	0
Asset Balance, end of period		4,660	13,802
Non-redeemable preferred stock
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Asset Balance, beginning of period		6,927	6,862
Purchases		0	0
Disposals		0	0
Realized and unrealized gains (losses), net, included in net income		0	0
Realized and unrealized gains (losses), net, included in other comprehensive income		(208)	186
Transfers Into Level 3		0	0
Transfers out of Level 3	[1]	0	0
Amortization included in net income		0	0
Asset Balance, end of period		$ 6,719	$ 7,048
[1]	Transfers out of Level 3 include those assets that we are now able to obtain pricing from a third-party pricing vendor that uses observable inputs. The fair values of newly issued securities often require additional estimation until a market is created, which is generally within a few months after issuance. Once a market is created, as was the case for the majority of the security transfers out of the Level 3 category above, Level 2 valuation sources become available.

Fair Values Valuation of Fina_2

Fair Values Valuation of Financial Instruments not reported at fair value (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financial Instruments Not Reported at Fair Value [Line Items]
Mortgage loans	$ 990,872	$ 1,011,678
Policy loans	200,923	201,589
Other investments	17,633	34,181
Deposit Contracts, Liabilities	288,903	296,915
Liabilities related to separate accounts	599,203	645,881
Portion at Other than Fair Value Measurement | Fair Value, Measurements, Recurring
Financial Instruments Not Reported at Fair Value [Line Items]
Mortgage loans	1,057,081	1,059,073
Policy loans	284,151	256,787
Other investments	38,654	31,749
Total assets	1,379,886	1,347,609
Future policy benefits	4,730,243	4,381,863
Supplemental contracts without life contingencies, fair value disclosure	307,526	309,601
Advance premiums and other deposits	251,902	245,480
Long-term debt	72,643	84,438
Liabilities related to separate accounts	598,197	644,691
Total liabilities	5,960,511	5,666,073
Reported Value Measurement
Financial Instruments Not Reported at Fair Value [Line Items]
Mortgage loans	990,872	1,011,678
Policy loans	200,923	201,589
Other investments	38,304	31,211
Total assets	1,230,099	1,244,478
Future policy benefits	4,434,815	4,270,073
Deposit Contracts, Liabilities	288,903	296,915
Advance premiums and other deposits	251,902	245,480
Long-term debt	97,000	97,000
Liabilities related to separate accounts	599,203	645,881
Total liabilities	5,671,823	5,555,349
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Financial Instruments Not Reported at Fair Value [Line Items]
Other investments	0	0
Fair Value, Inputs, Level 1 | Portion at Other than Fair Value Measurement | Fair Value, Measurements, Recurring
Financial Instruments Not Reported at Fair Value [Line Items]
Mortgage loans	0	0
Policy loans	0	0
Other investments	0	0
Total assets	0	0
Future policy benefits	0	0
Supplemental contracts without life contingencies, fair value disclosure	0	0
Advance premiums and other deposits	0	0
Long-term debt	0	0
Liabilities related to separate accounts	0	0
Total liabilities	0	0
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Financial Instruments Not Reported at Fair Value [Line Items]
Other investments	14,859	31,469
Fair Value, Inputs, Level 2 | Portion at Other than Fair Value Measurement | Fair Value, Measurements, Recurring
Financial Instruments Not Reported at Fair Value [Line Items]
Mortgage loans	0	0
Policy loans	0	0
Other investments	36,317	29,534
Total assets	36,317	29,534
Future policy benefits	0	0
Supplemental contracts without life contingencies, fair value disclosure	0	0
Advance premiums and other deposits	0	0
Long-term debt	0	0
Liabilities related to separate accounts	0	0
Total liabilities	0	0
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring
Financial Instruments Not Reported at Fair Value [Line Items]
Other investments	0	0
Fair Value, Inputs, Level 3 | Portion at Other than Fair Value Measurement | Fair Value, Measurements, Recurring
Financial Instruments Not Reported at Fair Value [Line Items]
Mortgage loans	1,057,081	1,059,073
Policy loans	284,151	256,787
Other investments	2,337	2,215
Total assets	1,343,569	1,318,075
Future policy benefits	4,730,243	4,381,863
Supplemental contracts without life contingencies, fair value disclosure	307,526	309,601
Advance premiums and other deposits	251,902	245,480
Long-term debt	72,643	84,438
Liabilities related to separate accounts	598,197	644,691
Total liabilities	$ 5,960,511	$ 5,666,073

Defined Benefit Plan Components

Defined Benefit Plan Components of Net Periodic Pension Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1,303	$ 1,137	$ 2,607	$ 2,274
Interest cost	3,141	3,319	6,283	6,637
Expected return on assets	(5,261)	(4,707)	(10,523)	(9,414)
Amortization of actuarial loss	2,790	2,228	5,579	4,457
Net periodic pension cost	1,973	1,977	3,946	3,954
FBL Financial Group, Inc. share of net periodic pension costs	629	633	1,258	1,266
Other Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	79	116	158	233
Interest cost	220	248	440	496
Amortization of actuarial loss	317	267	634	533
Net periodic pension cost	616	631	1,232	1,262
FBL Financial Group, Inc. share of net periodic pension costs	$ 393	$ 363	$ 785	$ 725

Commitments and Contingencies U

Commitments and Contingencies Unfunded Commitments (Details) $ in Millions	Jun. 30, 2020USD ($)
Limited partnership | Other Assets
Other Commitments [Line Items]
Other Commitment	$ 58.7
Private Placement | Fixed Maturities
Other Commitments [Line Items]
Other Commitment	$ 9.4

Stockholders Equity Dividends t

Stockholders Equity Dividends table (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Class of Stock [Line Items]
Cash dividends per common share	$ 0.50	$ 0.48	$ 2.50	$ 2.46
Cash dividends per preferred share	0.0075	0.0075	$ 0.0150	$ 0.0150
Payment Of Special Cash Dividend			$ 37	$ 37
Regular quarterly cash dividend
Class of Stock [Line Items]
Cash dividends per common share	0.50	0.48	$ 1	$ 0.96
Special cash dividend
Class of Stock [Line Items]
Cash dividends per common share	$ 0	$ 0	$ 1.50	$ 1.50

Stockholders Equity Recon of Ou

Stockholders Equity Recon of Outstanding Common Stock table & Text (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Class of Stock [Line Items]
Common Stock, Shares, Outstanding	24,544,001	24,659,885	24,544,001	24,659,885	24,664,215	24,718,815
Stock Issued During Period, Shares, Stock-based Compensation, Net of Forfeitures			9,374	7,545
Stock-based compensation	$ 65	$ 10	$ 310	$ 212
Shares of common stock repurchased			(129,588)	(66,475)
Purchase of common stock	(3,600)		$ (4,409)	$ (4,577)
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 31,900		$ 31,900
Common Class A
Class of Stock [Line Items]
Common Stock, Shares, Outstanding	24,532,588	24,648,472	24,532,588	24,648,472	24,652,802	24,707,402
Common stock, without par value	$ 152,168		$ 152,168		$ 152,661
Stock Issued During Period, Shares, Stock-based Compensation, Net of Forfeitures			9,374	7,545
Shares of common stock repurchased			(129,588)	(66,475)
Common Class B
Class of Stock [Line Items]
Common Stock, Shares, Outstanding	11,413	11,413	11,413	11,413	11,413	11,413
Common stock, without par value	$ 72		$ 72		$ 72
Stock Issued During Period, Shares, Stock-based Compensation, Net of Forfeitures			0	0
Shares of common stock repurchased			0	0
Common Stock
Class of Stock [Line Items]
Common stock, without par value	152,240	$ 152,526	$ 152,240	$ 152,526	152,733	$ 152,724
Stock-based compensation	65	10	310	212
Purchase of common stock	(651)		(803)	(410)
Common Stock | Common Class A
Class of Stock [Line Items]
Common stock, without par value	152,168	152,454	152,168	152,454	152,661	152,652
Stock-based compensation			310	212
Purchase of common stock			(803)	(410)
Common Stock | Common Class B
Class of Stock [Line Items]
Common stock, without par value	$ 72	$ 72	72	72	$ 72	$ 72
Stock-based compensation			0	0
Purchase of common stock			$ 0	$ 0

Stockholders Equity AOCI table

Stockholders Equity AOCI table (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Accumulated other comprehensive income		$ 481,626		$ 481,626		$ 354,764
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Net of Tax, Attributable to Parent		249,415	$ 145,925	150,558	$ 277,816
AOCI, Gain (Loss), Debt Securities, Available-for-sale, without Allowance for Credit Loss, Parent
Accumulated other comprehensive income	[1]	489,794	308,879	489,794	308,879	363,020	$ 96,921
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, before Reclassification Adjustments, Net of Tax	[1]			115,218	214,083
AOCI, Gain (Loss), Debt Securities, Available-for-sale, with Allowance for Credit Loss, Parent
Accumulated other comprehensive income	[1]	1,566	2,231	1,566	2,231	1,974	3,133
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, before Reclassification Adjustments, Net of Tax	[1]			(408)	(902)
Accumulated Defined Benefit Plans Adjustment
Accumulated other comprehensive income		(9,734)	(8,317)	(9,734)	(8,317)	(10,230)	(8,736)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Reclassification Adjustments, Net of Tax				(1)	0
AOCI Attributable to Parent
Accumulated other comprehensive income		$ 481,626	$ 302,793	481,626	302,793	$ 354,764	$ 91,318
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, before Reclassification Adjustments, Net of Tax				114,809	213,181
Reclassification out of Accumulated Other Comprehensive Income
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Net of Tax, Attributable to Parent					(1,706)
Reclassification out of Accumulated Other Comprehensive Income | AOCI, Gain (Loss), Debt Securities, Available-for-sale, without Allowance for Credit Loss, Parent
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	[2]				(2,125)
Reclassification out of Accumulated Other Comprehensive Income | AOCI, Gain (Loss), Debt Securities, Available-for-sale, with Allowance for Credit Loss, Parent
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI for Write-down of Securities, Net of Tax	[2]				0
Reclassification out of Accumulated Other Comprehensive Income | AOCI Attributable to Parent
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Net of Tax, Attributable to Parent					(1,706)
reclassifications into accumulated other comprehensive income
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Net of Tax, Attributable to Parent				12,053
reclassifications into accumulated other comprehensive income | AOCI, Gain (Loss), Debt Securities, Available-for-sale, without Allowance for Credit Loss, Parent
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	[2]			11,556
reclassifications into accumulated other comprehensive income | AOCI, Gain (Loss), Debt Securities, Available-for-sale, with Allowance for Credit Loss, Parent
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI for Write-down of Securities, Net of Tax	[2]			0
reclassifications into accumulated other comprehensive income | Accumulated Defined Benefit Plans Adjustment
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, Net of Tax				497	$ 419
reclassifications into accumulated other comprehensive income | AOCI Attributable to Parent
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Net of Tax, Attributable to Parent				$ 12,053
[1]	Includes the impact of taxes, deferred acquisition costs, value of insurance in force acquired, unearned revenue reserves and policyholder liabilities. See Note 2 to our consolidated financial statements for further information.
[2]	See Note 2 to our consolidated financial statements for further information.

Stockholders Equity AOCI Reclas

Stockholders Equity AOCI Reclassifications table (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Net realized capital gains on sales of investments		$ 2,753	$ 377	$ (10,648)	$ 10,534
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held		13,219		13,219
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Net of Tax, Attributable to Parent		249,415	$ 145,925	150,558	277,816
reclassifications into accumulated other comprehensive income
Net realized capital gains on sales of investments				1,525
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held		13,219		13,219
Change in offsets to unrealized on investments				(116)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Gain (Loss), Reclassification Adjustment from AOCI, before Tax				630
Other Compreshensive Income (Loss), Reclassification Adjustment from AOCi, before Tax				15,258
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent				(3,205)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Net of Tax, Attributable to Parent				12,053
reclassifications into accumulated other comprehensive income | AOCI, Gain (Loss), Debt Securities, Available-for-sale, without Allowance for Credit Loss, Parent
Net realized capital gains on sales of investments	[1]			1,525
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held		$ 13,219		13,219
Change in offsets to unrealized on investments	[1]			(116)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Gain (Loss), Reclassification Adjustment from AOCI, before Tax				0
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax	[1]			14,628
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax	[1]			(3,072)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	[1]			11,556
reclassifications into accumulated other comprehensive income | AOCI, Gain (Loss), Debt Securities, Available-for-sale, with Allowance for Credit Loss, Parent
Net realized capital gains on sales of investments	[1]			0
Change in offsets to unrealized on investments	[1]			0
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Gain (Loss), Reclassification Adjustment from AOCI, before Tax				0
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI for Write-down of Securities, before Tax	[1]			0
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI for Write-down of Securities, Tax	[1]			0
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI for Write-down of Securities, Net of Tax	[1]			0
reclassifications into accumulated other comprehensive income | Accumulated Defined Benefit Plans Adjustment
Net realized capital gains on sales of investments				0	0
Change in offsets to unrealized on investments				0	0
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Gain (Loss), Reclassification Adjustment from AOCI, before Tax				630	530
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI for Pension and Other Postretirement Benefit Plans, before Tax				630	530
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI for Pension and Other Postretirement Benefit Plans, Tax				(133)	(111)
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, Net of Tax				$ 497	419
Reclassification out of Accumulated Other Comprehensive Income
Net realized capital gains on sales of investments					(2,833)
Change in offsets to unrealized on investments					143
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Gain (Loss), Reclassification Adjustment from AOCI, before Tax					530
Other Compreshensive Income (Loss), Reclassification Adjustment from AOCi, before Tax					(2,160)
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent					454
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Net of Tax, Attributable to Parent					(1,706)
Reclassification out of Accumulated Other Comprehensive Income | AOCI, Gain (Loss), Debt Securities, Available-for-sale, without Allowance for Credit Loss, Parent
Net realized capital gains on sales of investments	[1]				(2,833)
Change in offsets to unrealized on investments	[1]				143
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Gain (Loss), Reclassification Adjustment from AOCI, before Tax					0
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax	[1]				(2,690)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax	[1]				565
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	[1]				(2,125)
Reclassification out of Accumulated Other Comprehensive Income | AOCI, Gain (Loss), Debt Securities, Available-for-sale, with Allowance for Credit Loss, Parent
Net realized capital gains on sales of investments	[1]				0
Change in offsets to unrealized on investments	[1]				0
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Gain (Loss), Reclassification Adjustment from AOCI, before Tax					0
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI for Write-down of Securities, before Tax	[1]				0
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI for Write-down of Securities, Tax	[1]				0
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI for Write-down of Securities, Net of Tax	[1]				$ 0
[1]	See Note 2 to our consolidated financial statements for further information.

Earnings per Share Computation

Earnings per Share Computation of EPS (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Numerator [Abstract]
Net income attributable to FBL Financial Group, Inc.	$ 26,211	$ 32,298	$ 23,696	$ 66,341
Less: Dividends Series B preferred stock	(37)	(37)	(75)	(75)
Income available to common stockholders	$ 26,174	$ 32,261	$ 23,621	$ 66,266
Denominator [Abstract]
Weighted average shares - diluted	24,727,538	24,768,212	24,747,403	24,772,310
Weighted average shares - basic	24,723,563	24,757,090	24,743,192	24,761,161
Effect of dilutive securities - stock-based compensation	3,975	11,122	4,211	11,149
Earnings per common share	$ 1.06	$ 1.30	$ 0.95	$ 2.68
Earnings per common share - assuming dilution	$ 1.06	$ 1.30	$ 0.95	$ 2.68

Segment Information Financial I

Segment Information Financial Information Conerning our Operating Segments (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting, Revenue Reconciling Item [Line Items]
Pre-Tax Operating Income (Loss)		$ 30,883	$ 37,471	$ 53,388	$ 67,544
Realized gains losses on investments net of offsets	[1]	2,163	366	(23,295)	9,518
Derivatives unrealized gain net of offsets	[1]	(947)	345	(3,529)	1,498
Net Income (Loss) Attributable to Parent		32,099	38,182	26,564	78,560
Income Tax Expense (Benefit)		6,085	5,511	3,004	11,787
Income Tax on Equity Income		197	(373)	136	(432)
Operating Income (Loss)		26,211	32,298	23,696	66,341
Operating revenues		185,051	188,755	370,960	371,823
Realized gains on investments related to revenue	[1]	2,259	377	(23,407)	9,666
Derivative unrealized related to revenues	[1]	13,403	3,774	(11,577)	14,973
Revenues		200,713	192,906	335,976	396,462
Annuity Segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Pre-Tax Operating Income (Loss)		14,917	14,637	26,936	30,299
Operating revenues		53,537	54,263	108,191	106,945
Life Insurance Segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Pre-Tax Operating Income (Loss)		12,260	18,239	22,527	28,331
Operating revenues		109,492	110,938	216,707	218,196
Corporate and Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Pre-Tax Operating Income (Loss)		3,706	4,595	3,925	8,914
Operating revenues		$ 22,022	$ 23,554	$ 46,062	$ 46,682
[1]	Amounts are net of adjustments, as applicable, to amortization of unearned revenue reserves, deferred acquisition costs, value of insurance in force acquired and interest sensitive policy reserves attributable to these items.

Segment Information Goodwill by

Segment Information Goodwill by Segment (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Annuity Segment
Indefinite-lived Intangible Assets [Line Items]
Goodwill	$ 3.9	$ 3.9
Life Insurance Segment
Indefinite-lived Intangible Assets [Line Items]
Goodwill	$ 6.1	$ 6.1

Segment Information Equity Inco

Segment Information Equity Income by Operating Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Pre-Tax on Equity Income (Loss)	$ (940)	$ 1,777	$ (651)	$ 2,056
Income Tax on Equity Income	197	(373)	136	(432)
Income (Loss) from Equity Method Investments	(743)	1,404	(515)	1,624
Life Insurance Segment
Segment Reporting Information [Line Items]
Pre-Tax on Equity Income (Loss)	(983)	1,008	(608)	1,378
Corporate and Other
Segment Reporting Information [Line Items]
Pre-Tax on Equity Income (Loss)	$ 43	$ 769	$ (43)	$ 678

Segment Information Reconciliat

Segment Information Reconciliation of Traditional Life Insurance Premiums, Net of Reinsurance & Interest Sensitive Product Charges by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting, Other Significant Reconciling Item [Line Items]
Premiums collected	$ 125,900	$ 152,200	$ 280,000	$ 312,900
Change in due premiums and other	1,035	1,106	(296)	876
Traditional life insurance premiums	50,329	50,987	99,637	100,379
Interest sensitive product charges	32,909	32,534	64,629	63,800
Net realized gains/losses on investments & change in fair value of derivatives on amortization of unearned revenue reserves	579	413	(922)	719
Life Insurance Segment
Segment Reporting, Other Significant Reconciling Item [Line Items]
Premiums collected	78,473	79,398	161,108	157,399
Interest sensitive product charges	19,969	19,635	40,348	38,623
Life Insurance Segment | Admin charges
Segment Reporting, Other Significant Reconciling Item [Line Items]
Interest sensitive product charges	5,413	4,926	10,856	9,593
Life Insurance Segment | Cost of insurance charges
Segment Reporting, Other Significant Reconciling Item [Line Items]
Interest sensitive product charges	13,337	12,813	26,716	25,446
Life Insurance Segment | Surrender charges
Segment Reporting, Other Significant Reconciling Item [Line Items]
Interest sensitive product charges	626	718	1,331	1,339
Life Insurance Segment | Amortization of policy initiation fees
Segment Reporting, Other Significant Reconciling Item [Line Items]
Interest sensitive product charges	593	1,178	1,445	2,245
Life insurance - interest sensitive
Segment Reporting, Other Significant Reconciling Item [Line Items]
Premiums collected	29,179	29,517	61,175	57,896
Life insurance - traditional
Segment Reporting, Other Significant Reconciling Item [Line Items]
Premiums collected	49,294	49,881	99,933	99,503
Annuity Segment
Segment Reporting, Other Significant Reconciling Item [Line Items]
Interest sensitive product charges	2,079	1,772	3,965	3,339
Annuity Segment | Cost of insurance charges & Administration charges
Segment Reporting, Other Significant Reconciling Item [Line Items]
Interest sensitive product charges	1,685	1,370	3,215	2,633
Annuity Segment | Surrender charges
Segment Reporting, Other Significant Reconciling Item [Line Items]
Interest sensitive product charges	394	402	750	706
Corporate and Other
Segment Reporting, Other Significant Reconciling Item [Line Items]
Interest sensitive product charges	10,282	10,714	21,238	21,119
Corporate and Other | Admin charges
Segment Reporting, Other Significant Reconciling Item [Line Items]
Interest sensitive product charges	1,152	1,232	2,336	2,468
Corporate and Other | Cost of insurance charges
Segment Reporting, Other Significant Reconciling Item [Line Items]
Interest sensitive product charges	7,142	7,184	14,302	14,386
Corporate and Other | Surrender charges
Segment Reporting, Other Significant Reconciling Item [Line Items]
Interest sensitive product charges	8	37	40	61
Corporate and Other | Separate account charges
Segment Reporting, Other Significant Reconciling Item [Line Items]
Interest sensitive product charges	1,891	2,016	3,922	3,952
Corporate and Other | Amortization of policy initiation fees
Segment Reporting, Other Significant Reconciling Item [Line Items]
Interest sensitive product charges	$ 89	$ 245	$ 638	$ 252