Primerica (PRI) 10-Q 7 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Oct. 31, 2019
Cover [Abstract]
Entity Registrant Name	Primerica, Inc.
Entity Central Index Key	0001475922
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Trading Symbol	PRI
Amendment Flag	false
Entity Common Stock, Shares Outstanding		41,359,629
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity File Number	001-34680
Entity Tax Identification Number	27-1204330
Entity Current Reporting Status	Yes
Entity Address, Address Line One	1 Primerica Parkway
Entity Address, City or Town	Duluth
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30099
City Area Code	770
Local Phone Number	381-1000
Title of 12(b) Security	Common Stock
Security Exchange Name	NYSE
Entity Interactive Data Current	Yes
Document Quarterly Report	true
Document Transition Report	false
Entity Incorporation, State or Country Code	DE

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019		Dec. 31, 2018
Investments:
Fixed-maturity securities and Short-term investments available-for-sale, at fair value	$ 2,292,260		$ 2,077,806
Fixed-maturity security held-to-maturity, at amortized cost (fair value: $1,243,938 in 2019 and $945,331 in 2018)	1,140,250		970,390
Equity securities, at fair value (historical cost: $32,570 in 2019 and $34,997 in 2018)	40,081		37,679
Trading securities, at fair value (cost: $13,581 in 2019 and $13,597 in 2018)	13,616		13,610
Policy loans	33,982		31,501
Total investments	3,520,189		3,130,986
Cash and cash equivalents	237,746		262,138
Accrued investment income	18,260		17,057
Reinsurance recoverables	4,166,362		4,141,569
Deferred policy acquisition costs, net	2,281,560		2,133,920
Agent balances, due premiums and other receivables	246,977		215,139
Intangible assets, net (accumulated amortization: $84,588 in 2019 and $82,035 in 2018)	45,559		48,111
Income taxes	67,801		59,336
Operating lease right-of-use assets	48,442
Other assets	390,986		391,291
Separate account assets	2,427,852		2,195,501
Total assets	13,451,734		12,595,048
Liabilities:
Future policy benefits	6,374,327		6,168,157
Unearned and advance premiums	16,577		15,587
Policy claims and other benefits payable	316,535		313,862
Other policyholders’ funds	381,818		370,644
Notes payable	373,942		373,661
Surplus note	1,139,592		969,685
Income taxes	207,454		187,104
Operating lease liabilities	54,703
Other liabilities	511,190		486,772
Payable under securities lending	39,933		52,562
Separate account liabilities	2,427,852		2,195,501
Commitments and contingent liabilities (see Commitments and Contingent Liabilities note)
Total liabilities	11,843,923		11,133,535
Stockholders’ equity:
Common stock ($0.01 par value; authorized 500,000 shares in 2019 and 2018; issued and outstanding 41,492 shares in 2019 and 42,694 shares in 2018)	415		427
Retained earnings	1,553,285		1,489,520
Accumulated other comprehensive income (loss), net of income tax:
Unrealized foreign currency translation gains (losses)	(12,265)		(21,064)
Net unrealized investment gains (losses) on available-for-sale securities:
Net unrealized investment gains (losses) not other-than-temporarily impaired	66,422		(7,253)
Net unrealized investment losses other-than-temporarily impaired	(46)		(117)
Total stockholders’ equity	1,607,811		1,461,513
Total liabilities and stockholders’ equity	13,451,734		12,595,048
Fixed-maturity Securities [Member]
Investments:
Fixed-maturity securities and Short-term investments available-for-sale, at fair value	2,292,260	[1]	2,069,635	[2]
Trading securities, at fair value (cost: $13,581 in 2019 and $13,597 in 2018)	$ 13,616		13,610
Short-term Investments [Member]
Investments:
Fixed-maturity securities and Short-term investments available-for-sale, at fair value			$ 8,171
[1]	Includes $0.1 million of other-than-temporary impairment (“OTTI”) losses related to corporates and mortgage- and asset-backed securities recognized in accumulated other comprehensive income (loss).
[2]	Includes $0.1 million of OTTI losses related to corporates and mortgage- and asset-backed securities recognized in accumulated other comprehensive income (loss).

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets Parenthetical - USD ($) $ in Thousands	Sep. 30, 2019		Dec. 31, 2018
Investments:
Fixed-maturity securities and Short-term investments available-for-sale, amortized cost	$ 2,207,601		$ 2,086,993
Fixed-maturity securities held to maturity, fair value	1,243,938		945,331
Equity securities, at fair value, cost	32,570		34,997
Trading securities, amortized cost	13,581		13,597
Intangible assets, net
Accumulated amortization on definite-lived intangible assets	$ 84,588		$ 82,035
Stockholders’ equity:
Common stock, par value	$ 0.01		$ 0.01
Common stock, shares authorized	500,000,000		500,000,000
Common stock, shares issued	41,492,000		42,694,000
Common stock, shares outstanding	41,492,000		42,694,000
Fixed-maturity Securities [Member]
Investments:
Fixed-maturity securities and Short-term investments available-for-sale, amortized cost	$ 2,207,601	[1]	$ 2,078,822	[2]
Trading securities, amortized cost	13,581		13,597
Short-term Investments [Member]
Investments:
Fixed-maturity securities and Short-term investments available-for-sale, amortized cost	$ 0		$ 8,171
[1]	Includes $0.1 million of other-than-temporary impairment (“OTTI”) losses related to corporates and mortgage- and asset-backed securities recognized in accumulated other comprehensive income (loss).
[2]	Includes $0.1 million of OTTI losses related to corporates and mortgage- and asset-backed securities recognized in accumulated other comprehensive income (loss).

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - Unaudited - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues:
Direct premiums	$ 692,258	$ 670,222	$ 2,056,806	$ 1,993,499
Ceded premiums	(388,982)	(391,175)	(1,179,364)	(1,188,873)
Net premiums	303,276	279,047	877,442	804,626
Commissions and fees	179,719	170,879	525,502	505,646
Investment income net of investment expenses	35,444	30,214	106,867	86,687
Interest expense on surplus note	(12,769)	(9,592)	(35,212)	(27,018)
Net investment income	22,675	20,622	71,655	59,669
Realized investment gains (losses), including other-than- temporary impairment losses	285	(126)	4,200	(470)
Other, net	14,698	14,359	41,746	43,047
Revenues	520,653	484,781	1,520,545	1,412,518
Benefits and expenses:
Benefits and claims	128,684	118,787	366,036	340,747
Amortization of deferred policy acquisition costs	63,883	59,534	187,273	173,546
Sales commissions	89,061	84,588	262,960	250,062
Insurance expenses	44,854	41,925	132,825	126,485
Insurance commissions	6,980	6,584	18,427	18,878
Interest expense	7,209	7,216	21,589	21,617
Other operating expenses	54,843	54,712	176,468	173,023
Total benefits and expenses	395,514	373,346	1,165,578	1,104,358
Income before income taxes	125,139	111,435	354,967	308,160
Income taxes	28,916	26,296	82,133	70,610
Net income	$ 96,223	$ 85,139	$ 272,834	$ 237,550
Earnings per share:
Basic earnings per share	$ 2.28	$ 1.95	$ 6.40	$ 5.36
Diluted earnings per share	$ 2.28	$ 1.94	$ 6.38	$ 5.34
Weighted-average shares used in computing earnings per share:
Basic	41,964	43,452	42,420	44,081
Diluted	42,100	43,589	42,550	44,212
Supplemental disclosures:
Total impairment losses	$ (1,064)	$ (49)	$ (1,225)	$ (152)
Net impairment losses recognized in earnings	(1,064)	(49)	(1,225)	(152)
Other net realized investment gains (losses)	536	(816)	733	350
Net gains (losses) recognized on equity securities	813	739	4,692	(668)
Net realized investment gains (losses), including other-than- temporary impairment losses	$ 285	$ (126)	$ 4,200	$ (470)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - Unaudited - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 96,223	$ 85,139	$ 272,834	$ 237,550
Unrealized investment gains (losses) on available-for-sale securities:
Change in unrealized holding gains (losses) on available-for-sale securities	12,304	(8,347)	93,329	(56,267)
Reclassification adjustment for realized investment (gains) losses included in net income	542	755	517	92
Foreign currency translation adjustments:
Change in unrealized foreign currency translation gains (losses)	(4,009)	5,009	8,799	(9,295)
Total other comprehensive income (loss) before income taxes	8,837	(2,583)	102,645	(65,470)
Income tax expense (benefit) related to items of other comprehensive income (loss)	2,696	(1,720)	20,100	(12,014)
Other comprehensive income (loss), net of income taxes	6,141	(863)	82,545	(53,456)
Total comprehensive income	$ 102,364	$ 84,276	$ 355,379	$ 184,094

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Balance, beginning of period at Dec. 31, 2017		$ 443		$ 1,375,090	$ 43,568
Cumulative effect from the adoption of new accounting standards, net				24,610	73
Repurchases of common stock		(17)	$ (22,380)	(151,128)
Share-based compensation			22,384
Net issuance of common stock		4	(4)
Net income	$ 237,550			237,550
Dividends				(33,281)
Change in foreign currency translation adjustment,net of income taxes					(9,295)
Change in net unrealized investment gains (losses) not-other-than temporarily impaired					(44,140)
Change in net unrealized investment gains (losses) other-than-temporarily impaired					(21)
Balance, end of period at Sep. 30, 2018	$ 1,443,456	430		1,452,841	(9,815)
Dividends declared per share	$ 0.75
Balance, beginning of period at Jun. 30, 2018		432		1,409,104	(8,952)
Repurchases of common stock		(3)	(4,019)	(30,482)
Share-based compensation			4,020
Net issuance of common stock		1	(1)
Net income	$ 85,139			85,139
Dividends				(10,920)
Change in foreign currency translation adjustment,net of income taxes					5,009
Change in net unrealized investment gains (losses) not-other-than temporarily impaired					(5,874)
Change in net unrealized investment gains (losses) other-than-temporarily impaired					2
Balance, end of period at Sep. 30, 2018	$ 1,443,456	430		1,452,841	(9,815)
Dividends declared per share	$ 0.25
Balance, beginning of period at Dec. 31, 2018	$ 1,461,513	427		1,489,520	(28,434)
Repurchases of common stock		(16)	(22,470)	(165,601)
Share-based compensation			22,474
Net issuance of common stock		4	(4)
Net income	272,834			272,834
Dividends				(43,468)
Change in foreign currency translation adjustment,net of income taxes					8,799
Change in net unrealized investment gains (losses) not-other-than temporarily impaired					73,675
Change in net unrealized investment gains (losses) other-than-temporarily impaired					71
Balance, end of period at Sep. 30, 2019	$ 1,607,811	415		1,553,285	54,111
Dividends declared per share	$ 1.02
Balance, beginning of period at Jun. 30, 2019		420		1,537,535	47,970
Repurchases of common stock		(6)	(4,523)	(66,149)
Share-based compensation			4,524
Net issuance of common stock		1	$ (1)
Net income	$ 96,223			96,223
Dividends				(14,324)
Change in foreign currency translation adjustment,net of income taxes					(4,009)
Change in net unrealized investment gains (losses) not-other-than temporarily impaired					10,136
Change in net unrealized investment gains (losses) other-than-temporarily impaired					14
Balance, end of period at Sep. 30, 2019	$ 1,607,811	$ 415		$ 1,553,285	$ 54,111
Dividends declared per share	$ 0.34

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net income	$ 272,834	$ 237,550
Adjustments to reconcile net income to cash provided by (used in) operating activities:
Change in future policy benefits and other policy liabilities	206,624	187,684
Deferral of policy acquisition costs	(320,224)	(329,672)
Amortization of deferred policy acquisition costs	187,273	173,546
Change in income taxes	(8,216)	5,313
Realized investment (gains) losses, including other-than-temporary impairments	(4,200)	470
Accretion and amortization of investments	(503)	(1,396)
Depreciation and amortization	13,285	9,122
Change in reinsurance recoverables	(15,650)	(662)
Change in agent balances, due premiums and other receivables	(31,838)	(20,331)
Trading securities sold, matured, or called (acquired), net	51	(11,174)
Share-based compensation	15,069	15,378
Change in other operating assets and liabilities, net	6,826	19,452
Net cash provided by (used in) operating activities	321,331	285,280
Available-for-sale investments sold, matured or called:
Fixed-maturity securities — sold	33,472	48,175
Fixed-maturity securities — matured or called	305,349	275,486
Short-term investments — matured or called	8,250
Equity securities — sold	3,136	1,938
Available-for-sale investments acquired:
Fixed-maturity securities	(444,160)	(446,466)
Equity securities — acquired	(818)	(243)
Purchases of property and equipment and other investing activities, net	(19,988)	(11,013)
Cash collateral received (returned) on loaned securities, net	(12,629)	(19,154)
Sales (purchases) of short-term investments using securities lending collateral, net	12,629	19,154
Net cash provided by (used in) investing activities	(114,759)	(132,123)
Cash flows from financing activities:
Dividends paid	(43,468)	(33,281)
Common stock repurchased	(181,069)	(167,395)
Tax withholdings on share-based compensation	(7,017)	(6,129)
Finance leases	(211)
Net cash provided by (used in) financing activities	(231,765)	(206,805)
Effect of foreign exchange rate changes on cash	801	(936)
Change in cash and cash equivalents	(24,392)	(54,584)
Cash and cash equivalents, beginning of period	262,138	279,962
Cash and cash equivalents, end of period	$ 237,746	$ 225,378

Description of Business, Basis

Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies	(1) Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies Description of Business . Primerica, Inc. (the “Parent Company”), together with its subsidiaries (collectively, “we”, “us” or the “Company”), is a leading provider of financial products to middle-income households in the United States and Canada through a network of independent contractor sales representatives (“sales representatives” or “sales force”). We assist our clients in meeting their needs for term life insurance, which we underwrite, and mutual funds, annuities, managed investments and other financial products, which we distribute primarily on behalf of third parties. Our primary subsidiaries include the following entities: Primerica Financial Services, LLC (“PFS”), a general agency and marketing company; Primerica Life Insurance Company (“Primerica Life”), our principal life insurance company; PFS Investments Inc. (“PFS Investments”), an investment products company and broker-dealer, Primerica Financial Services (Canada) Ltd., a holding company for our Canadian operations, which includes Primerica Life Insurance Company of Canada (“Primerica Life Canada”) and PFSL Investments Canada Ltd. (“PFSL Investments Canada”). Primerica Life, domiciled in Tennessee, owns National Benefit Life Insurance Company (“NBLIC”), a New York life insurance company. Peach Re, Inc. (“Peach Re”) and Vidalia Re, Inc. (“Vidalia Re”) are special purpose financial captive insurance companies and wholly owned subsidiaries of Primerica Life. Peach Re and Vidalia Re have each entered into separate coinsurance agreements with Primerica Life whereby Primerica Life has ceded certain level-premium term life insurance policies to Peach Re and Vidalia Re (respectively, the “Peach Re Coinsurance Agreement” and the “Vidalia Re Coinsurance Agreement”). Basis of Presentation . We prepare our financial statements in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). These principles are established primarily by the Financial Accounting Standards Board (“FASB”). The accompanying unaudited condensed consolidated financial statements contain all adjustments, generally consisting of normal recurring accruals, which are necessary to fairly present the balance sheets as of September 30, 2019 and December 31, 2018, the statements of income, comprehensive income, and stockholders' equity for the three and nine months ended September 30, 2019 and 2018, and statement of cash flows for the nine months ended September 30, 2019 and 2018. Results of operations for interim periods are not necessarily indicative of results for the entire year or of the results to be expected in future periods. These unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and note disclosures normally included in annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are sufficient to make the information not misleading. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto that are included in our Annual Report on Form 10-K for the year ended December 31, 2018 (“2018 Annual Report”). Use of Estimates. The preparation of financial statements in accordance with U.S. GAAP requires us to make estimates and assumptions that affect financial statement balances, revenues and expenses and cash flows, as well as the disclosure of contingent assets and liabilities. Management considers available facts and knowledge of existing circumstances when establishing the estimates included in our financial statements. The most significant items that involve a greater degree of accounting estimates and actuarial determinations subject to change in the future are the valuation of investments, deferred policy acquisition costs (“DAC”), future policy benefit reserves and corresponding amounts recoverable from reinsurers, and income taxes. Estimates for these and other items are subject to change and are reassessed by management in accordance with U.S. GAAP. Actual results could differ from those estimates. Consolidation. The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and those entities required to be consolidated under U.S. GAAP. All material intercompany profits, transactions, and balances among the consolidated entities have been eliminated. Reclassifications. Certain reclassifications have been made to prior-period amounts to conform to current-period reporting classifications. These reclassifications had no impact on net income or total stockholders’ equity. Significant Accounting Policies . All significant accounting policies remain unchanged from the 2018 Annual Report unless otherwise described. New Accounting Principles. In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases (ASC 842) (“ASC 842”), which requires lessees to recognize right-of-use operating lease assets and operating lease liabilities on the balance sheet. The Company adopted the amendments in ASC 842 on January 1, 2019 using the modified retrospective approach through a cumulative-effect adjustment to beginning retained earnings. The cumulative-effect adjustment to beginning retained earnings was zero. In addition, we elected the package of practical expedients permitted under ASC 842, which included not reassessing whether existing contracts contained leases and not reassessing the lease classification for existing leases. The effect of adopting ASC 842 resulted in an increase to both total assets and total liabilities of $52.7 million on January 1, 2019. The increase to both assets and liabilities is less than 1% of our total assets and total liabilities. The adjustment recognized upon the adoption of ASC 842 included the recognition of our operating lease obligations and corresponding right-of-use assets on our condensed consolidated balance sheet, which mainly consist of our executive of fice operations and other real estate leases of office space. The adoption of ASC 842 did not affect the Company’s results of operations or liquidity. The Company’s reporting for the comparative periods prior to adoption continues to be presented in the condensed consolidated financial statements in accordance with previous lease accounting guidance, Accounting Standards Codification Topic 840 – Leases (“ASC 840”). Refer to Note 14 (Leases) for more information on leases. Future Application of Accounting Standards. In August 2018, the FASB issued Accounting Standards Update No. 2018-12, Financial Services—Insurance (Topic 944) — Targeted Improvements to the Accounting for Long-Duration Contracts (“ASU 2018-12”). The amendments in this update change accounting guidance for insurance companies that issue long-duration contracts, including term life insurance. ASU 2018-12 requires companies that issue long-duration insurance contracts to update assumptions used in measuring future policy benefits, including mortality, persistency, and disability rates, at least annually instead of locking those assumptions at contract inception and reflecting differences in assumptions and actual performance as the experience occurs. ASU 2018-12 also includes changes to how insurance companies that issue long-duration contracts amortize DAC and determine and update the discount rate assumptions used in measuring future policy benefits reserves while increasing the level of financial statement disclosures required. The guidance in ASU 2018-12 will be applied to the earliest period presented in the condensed consolidated financial statements beginning on the effective date. On October 16, 2019, the FASB voted to defer the effective date of ASU 2018-12 by one year, which would push the effective date from January 1, 2021 to January 1, 2022. We anticipate that the adoption of ASU 2018-12 will have a pervasive impact on our consolidated financial statements and related disclosures and will require changes to certain of our processes, systems and controls. We are unable to determine the magnitude of its impact at this time as we are still evaluating and implementing this standard. In June 2016, the FASB issued Accounting Standards Update No. 2016-13, Financial Instruments—Credit Losses (Topic 326) – Measurement of Credit Losses on Financial Instruments Recently-issued accounting guidance not discussed above is not applicable, is immaterial to our condensed consolidated financial statements, or did not or is not expected to have a material impact on our business.

Segment and Geographical Inform

Segment and Geographical Information	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Segment and Geographical Information	(2) Segment and Geographical Information Segments. We have two primary operating segments — Term Life Insurance and Investment and Savings Products. We also have a Corporate and Other Distributed Products segment. Notable information included in profit or loss by segment was as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) Revenues: Term life insurance segment $ 314,527 $ 287,972 $ 908,239 $ 831,259 Investment and savings products segment 173,153 165,269 508,909 490,151 Corporate and other distributed products segment 32,973 31,540 103,397 91,108 Total revenues $ 520,653 $ 484,781 $ 1,520,545 $ 1,412,518 Net investment income: Term life insurance segment $ 5,123 $ 3,506 $ 14,303 $ 9,841 Investment and savings products segment - - - - Corporate and other distributed products segment 17,552 17,116 57,352 49,828 Total net investment income $ 22,675 $ 20,622 $ 71,655 $ 59,669 Amortization of DAC: Term life insurance segment $ 61,548 $ 56,904 $ 181,792 $ 164,834 Investment and savings products segment 2,044 2,349 4,622 7,870 Corporate and other distributed products segment 291 281 859 842 Total amortization of DAC $ 63,883 $ 59,534 $ 187,273 $ 173,546 Non-cash share-based compensation expense: Term life insurance segment $ 572 $ 646 $ 3,061 $ 3,612 Investment and savings products segment 660 581 2,780 2,099 Corporate and other distributed products segment 838 758 9,228 9,667 Total non-cash share-based compensation expense $ 2,070 $ 1,985 $ 15,069 $ 15,378 Income (loss) before income taxes: Term life insurance segment $ 83,760 $ 74,337 $ 238,099 $ 209,787 Investment and savings products segment 48,795 45,052 138,821 128,265 Corporate and other distributed products segment (7,416 ) (7,954 ) (21,953 ) (29,892 ) Total income before income taxes $ 125,139 $ 111,435 $ 354,967 $ 308,160 Total assets by segment were as follows: September 30, 2019 December 31, 2018 (In thousands) Assets: Term life insurance segment $ 6,503,506 $ 6,322,555 Investment and savings products segment (1) 2,556,622 2,298,238 Corporate and other distributed products segment 4,391,606 3,974,255 Total assets $ 13,451,734 $ 12,595,048 _______________ (1) Geographical Information. Results of operations by country and long-lived assets, primarily tangible assets reported in other assets in our unaudited condensed consolidated balance sheets, were as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) Revenues by country: United States $ 443,883 $ 411,998 $ 1,293,971 $ 1,191,502 Canada 76,770 72,783 226,574 221,016 Total revenues $ 520,653 $ 484,781 $ 1,520,545 $ 1,412,518 Income before income taxes by country: United States $ 104,033 $ 91,793 $ 291,491 $ 249,106 Canada 21,106 19,642 63,476 59,054 Total income before income taxes $ 125,139 $ 111,435 $ 354,967 $ 308,160 September 30, 2019 December 31, 2018 (In thousands) Long-lived assets by country: United States $ 36,500 $ 30,999 Canada 4,975 4,997 Total long-lived assets $ 41,475 $ 35,996

Investments

Investments	9 Months Ended
	Sep. 30, 2019
Investments Debt And Equity Securities [Abstract]
Investments	(3) Investments Available-for-sale Securities. The period-end amortized cost, gross unrealized gains and losses, and fair value of available-for-sale securities were as follows: September 30, 2019 Amortized cost Gross unrealized gains Gross unrealized losses Fair value (In thousands) Securities available-for-sale, carried at fair value: Fixed-maturity securities: U.S. government and agencies $ 11,367 $ 324 $ (2 ) $ 11,689 Foreign government 152,691 7,581 (89 ) 160,183 States and political subdivisions 92,549 3,848 (100 ) 96,297 Corporates 1,468,933 63,189 (1,754 ) 1,530,368 Residential mortgage-backed securities 252,328 6,630 (107 ) 258,851 Commercial mortgage-backed securities 129,179 4,270 (85 ) 133,364 Other asset-backed securities 100,554 1,000 (46 ) 101,508 Total fixed-maturity securities (1) 2,207,601 86,842 (2,183 ) 2,292,260 Short-term investments - - - - Total fixed-maturity and short-term investments $ 2,207,601 $ 86,842 $ (2,183 ) $ 2,292,260 (1) December 31, 2018 Amortized cost Gross unrealized gains Gross unrealized losses Fair value (In thousands) Securities available-for-sale, carried at fair value: Fixed-maturity securities: U.S. government and agencies $ 12,115 $ 176 $ (58 ) $ 12,233 Foreign government 155,723 3,347 (958 ) 158,112 States and political subdivisions 59,075 1,202 (271 ) 60,006 Corporates 1,447,075 11,916 (24,773 ) 1,434,218 Residential mortgage-backed securities 191,245 2,439 (1,733 ) 191,951 Commercial mortgage-backed securities 131,279 1,712 (1,636 ) 131,355 Other asset-backed securities 82,310 205 (755 ) 81,760 Total fixed-maturity securities (1) 2,078,822 20,997 (30,184 ) 2,069,635 Short-term investments 8,171 - - 8,171 Total fixed-maturity and short-term investments $ 2,086,993 $ 20,997 $ (30,184 ) $ 2,077,806 (1) All of our available-for-sale mortgage- and asset-backed securities represent variable interests in variable interest entities (“VIEs”). We are not the primary beneficiary of these VIEs because we do not have the power to direct the activities that most significantly impact the entities’ economic performance. The maximum exposure to loss as a result of our involvement in these VIEs equals the carrying value of the securities. The scheduled maturity distribution of the available-for-sale fixed-maturity portfolio as of September 30, 2019 was as follows: Amortized cost Fair value (In thousands) Due in one year or less $ 243,943 $ 245,381 Due after one year through five years 897,406 928,982 Due after five years through 10 years 480,264 510,642 Due after 10 years 103,927 113,532 1,725,540 1,798,537 Mortgage- and asset-backed securities 482,061 493,723 Total AFS fixed-maturity securities $ 2,207,601 $ 2,292,260 Expected maturities may differ from scheduled contractual maturities because issuers of securities may have the right to call or prepay obligations with or without call or prepayment penalties. Unrealized Gains and Losses on Investments. The net effect on stockholders’ equity of unrealized gains and losses on available-for-sale investments was as follows: September 30, 2019 December 31, 2018 (In thousands) Net unrealized investment gains (losses) on available-for-sale securities including OTTI: Available-for-sale securities $ 84,659 $ (9,187 ) OTTI 58 147 Net unrealized investment gains (losses) on available-for-sale securities excluding OTTI 84,717 (9,040 ) Deferred income taxes (18,295 ) 1,787 Net unrealized investment gains (losses) on available-for-sale securities excluding OTTI, net of tax $ 66,422 $ (7,253 ) Trading Securities. The cost and fair value of the securities classified as trading securities were as follows: September 30, 2019 December 31, 2018 Cost Fair value Cost Fair value (In thousands) Fixed-maturity securities $ 13,581 $ 13,616 $ 13,597 $ 13,610 Held-to-maturity Security. Concurrent with the execution of the Vidalia Re Coinsurance Agreement, Vidalia Re entered into a Surplus Note Purchase Agreement (the “Surplus Note Purchase Agreement”) with Hannover Life Reassurance Company of America and certain of its affiliates (collectively, “Hannover Re”) and a newly formed limited liability company (the “LLC”) owned by a third- party service provider. Under the Surplus Note Purchase Agreement, Vidalia Re issued a surplus note (the “Surplus Note”) to the LLC in exchange for a credit enhanced note from the LLC with an equal principal amount (the “LLC Note”). The principal amount of both the LLC Note and the Surplus Note will fluctuate over time to coincide with the amount of reserves contractually supported under the Vidalia Re Coinsurance Agreement. Both the LLC Note and the Surplus Note mature on December 31, 2030 and bear interest at an annual interest rate of 4.50%. The LLC Note is guaranteed by Hannover Re through a credit enhancement feature in exchange for a fee, which is reflected in interest expense on our unaudited condensed consolidated statements of income. The LLC is a VIE as its owner does not have an equity investment at risk that is sufficient to permit the LLC to finance its activities without Vidalia Re or Hannover Re. The Parent Company, Primerica Life, and Vidalia Re share the power to direct the activities of the LLC with Hannover Re, but do not have the obligation to absorb losses or the right to receive any residual returns related to the LLC’s primary risks or sources of variability. Through the credit enhancement feature, Hannover Re is the ultimate risk taker in this transaction and bears the obligation to absorb the LLC’s losses in the event of a Surplus Note default in exchange for the fee. Accordingly, the Company is not the primary beneficiary of the LLC and does not consolidate the LLC within its condensed consolidated financial statements. The LLC Note is classified as a fixed-maturity held-to-maturity security in the Company’s invested asset portfolio as we have the positive intent and ability to hold the security until maturity. As of September 30, 2019, the LLC Note, which was rated A+ by Fitch Ratings, had an estimated unrealized holding gain of $103.7 million Investments on Deposit with Governmental Authorities. As required by law, we have investments on deposit with governmental authorities and banks for the protection of policyholders. The fair values of investments on deposit were $7.5 million and $10.1 million as of September 30, 2019 and December 31, 2018, respectively. Securities Lending Transactions. We participate in securities lending transactions with broker-dealers and other financial institutions to increase investment income with minimal risk. We require minimum collateral on securities loaned equal to 102% of the fair value of the loaned securities. We accept collateral in the form of securities, which we are not able to sell or encumber, and to the extent the collateral declines in value below 100%, we require additional collateral from the borrower. Any securities collateral received is not reflected on our unaudited condensed consolidated balance sheets. We also accept collateral in the form of cash, all of which we reinvest. For loans involving unrestricted cash collateral, the collateral is reported as an asset with a corresponding liability representing our obligation to return the collateral. We continue to carry the loaned securities as invested assets on our unaudited condensed consolidated balance sheets during the terms of the loans, and we do not report them as sales. Cash collateral received and reinvested was $39.9 million and $52.6 million as of September 30, 2019 and December 31, 2018, respectively. Investment Income. The components of net investment income were as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) Fixed-maturity securities (available-for-sale) $ 20,380 $ 20,142 $ 61,058 $ 59,173 Fixed-maturity security (held-to-maturity) 12,769 9,592 35,212 27,018 Equity securities 448 482 1,381 1,461 Policy loans and other invested assets 234 247 854 811 Cash and cash equivalents 1,191 808 3,808 2,273 Total return on deposit asset underlying 10% coinsurance agreement (1) 2,639 1,094 11,130 1,882 Gross investment income 37,661 32,365 113,443 92,618 Investment expenses (2,217 ) (2,151 ) (6,576 ) (5,931 ) Investment income net of investment expenses 35,444 30,214 106,867 86,687 Interest expense on surplus note (12,769 ) (9,592 ) (35,212 ) (27,018 ) Net investment income $ 22,675 $ 20,622 $ 71,655 $ 59,669 (1) 10% The components of net realized investment gains (losses) recognized in net income as well as details on gross realized investment gains and losses were as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) Net realized investment gains (losses): Gross gains from sales of available-for-sale securities $ 523 $ 238 $ 994 $ 1,025 Gross losses from sales of available-for-sale securities (1 ) (944 ) (286 ) (965 ) OTTI losses of available-for-sale securities (1,064 ) (49 ) (1,225 ) (152 ) Net gains (losses) recognized in net income during the period on equity securities 813 739 4,692 (668 ) Gains (losses) from bifurcated options 14 (110 ) 14 290 Gains (losses) on trading securities - - 11 - Net realized investment gains (losses) $ 285 $ (126 ) $ 4,200 $ (470 ) The proceeds from sales or other redemptions of available-for-sale securities were as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) Proceeds from sales or other redemptions $ 106,177 $ 83,346 $ 347,071 $ 323,609 The components of net gains (losses) recognized in net income on equity securities still held as of period-end were as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) Net gains (losses) recognized on equity securities $ 813 $ 739 $ 4,692 $ (668 ) Less: Net gains (losses) recognized on equity securities sold - 1 (254 ) (48 ) Net gains (losses) recognized in net income on equity securities still held as of period-end $ 813 $ 738 $ 4,946 $ (620 ) Other-Than-Temporary Impairment. We conduct a review each quarter to identify and evaluate impaired investments that have indications of possible OTTI. An investment in a debt security is impaired if its fair value falls below its cost. Factors considered in determining whether an impairment is temporary include the length of time and extent to which fair value has been below cost, the financial condition and near-term prospects for the issuer, and our ability and intent to hold the investment for a period of time sufficient to allow for any anticipated recovery, which may be maturity for fixed-maturity securities. We also consider our anticipated sources of cash to fund operating activities and share repurchases when assessing our ability and intent to hold invested assets to allow for the recovery of cost basis in determining whether to recognize OTTI related to such invested assets. The amortized cost of available-for-sale fixed-maturity securities with a cost basis in excess of their fair values were $195.2 million and $1,239.6 million as of September 30, 2019 and December 31, 2018, respectively. The following tables summarize, for all available-for-sale securities in an unrealized loss position, the aggregate fair value and the gross unrealized loss by length of time such securities have continuously been in an unrealized loss position: September 30, 2019 Less than 12 months 12 months or longer Fair value Unrealized losses Number of securities Fair value Unrealized losses Number of securities (Dollars in thousands) Fixed-maturity securities: U.S. government and agencies $ 999 $ (1 ) 1 $ 1,664 $ (1 ) 2 Foreign government 4,636 (16 ) 6 9,551 (73 ) 9 States and political subdivisions 9,226 (85 ) 3 5,590 (15 ) 6 Corporates 59,817 (439 ) 44 34,551 (1,315 ) 33 Residential mortgage-backed securities 32,282 (93 ) 17 1,809 (14 ) 2 Commercial mortgage-backed securities 2,944 (11 ) 4 18,276 (74 ) 25 Other asset-backed securities 8,705 (39 ) 25 2,929 (7 ) 10 Total fixed-maturity securities $ 118,609 $ (684 ) $ 74,370 $ (1,499 ) December 31, 2018 Less than 12 months 12 months or longer Fair value Unrealized losses Number of securities Fair value Unrealized losses Number of securities (Dollars in thousands) Fixed-maturity securities: U.S. government and agencies $ 1,668 $ (10 ) 1 $ 4,541 $ (48 ) 6 Foreign government 7,326 (170 ) 7 52,086 (788 ) 54 States and political subdivisions 2,644 (9 ) 3 23,324 (262 ) 20 Corporates 489,880 (10,649 ) 396 360,516 (14,124 ) 321 Residential mortgage-backed securities 32,725 (86 ) 14 71,308 (1,647 ) 41 Commercial mortgage-backed securities 31,129 (173 ) 20 78,911 (1,463 ) 77 Other asset-backed securities 19,363 (184 ) 35 33,989 (571 ) 41 Total fixed-maturity securities 584,735 (11,281 ) 624,675 (18,903 ) As of September 30, 2019, the unrealized losses on our available-for-sale security portfolio were largely caused by interest rate sensitivity and, to a lesser extent, changes in credit spreads. We believe that fluctuations caused by movement in interest rates and credit spreads have little bearing on the recoverability of our investments. We do not consider these investments to be other-than-temporarily impaired because we have the ability to hold these investments until maturity or a market price recovery, and we have no present intention to dispose of them. The amortized cost and fair value of available-for-sale fixed-maturity securities in default were as follows: September 30, 2019 December 31, 2018 Amortized cost Fair value Amortized cost Fair value (In thousands) Fixed-maturity securities in default $ - $ 217 $ 3 $ 227 OTTI recognized in earnings on available-for-sale securities were as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) OTTI on fixed-maturity securities not in default $ 1,064 $ 49 $ 1,222 $ 152 OTTI on fixed-maturity securities in default - - 3 - Total OTTI recognized in earnings $ 1,064 $ 49 $ 1,225 $ 152 The securities noted above were considered to be other-than-temporarily impaired due to: our intent to sell them; adverse credit events, such as news of an impending filing for bankruptcy; analyses of the issuer’s most recent financial statements or other information in which liquidity deficiencies, significant losses and large declines in capitalization were evident; and analyses of rating agency information for issuances with severe ratings downgrades that indicated a significant increase in the possibility of default. OTTI recognized in earnings for available-for-sale securities were as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) Total OTTI related to securities which the Company does not intend to sell or more-likely-than-not will not be required to sell: Total OTTI losses recognized $ - $ 49 $ 3 $ 152 Less portion of OTTI recognized in accumulated other comprehensive income (loss) - - - - OTTI recognized in earnings for securities which the Company does not intend to sell or more-likely than-not will not be required to sell before recovery - 49 3 152 OTTI recognized in earnings for securities which the Company intends to sell or more-likely-than-not will be required to sell before recovery 1,064 - 1,222 - OTTI recognized in earnings $ 1,064 $ 49 $ 1,225 $ 152 The rollforward of the OTTI recognized in net income for all fixed-maturity securities still held was as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) Cumulative OTTI recognized in net income for securities still held, beginning of period $ 2,407 $ 3,294 $ 2,511 $ 4,346 Additions for securities where no OTTI were recognized prior to the beginning of the period 968 - 1,126 - Additions for securities where OTTI have been recognized prior to the beginning of the period 96 49 99 152 Reductions due to sales, maturities, calls, amortization or increases in cash flows expected to be collected over the remaining life of credit-impaired securities (209 ) (578 ) (474 ) (1,733 ) Reductions for exchanges of securities previously impaired - - - - Cumulative OTTI recognized in net income for securities still held, end of period $ 3,262 $ 2,765 $ 3,262 $ 2,765 As of September 30, 2019, no cumulative impairment losses have been recognized on the LLC Note held-to-maturity security. Derivatives. We have a deferred loss related to closed forward contracts, which were settled several years ago, that were used to mitigate our exposure to foreign currency exchange rates that resulted from the net investment in our Canadian operations. The amount of deferred loss included in accumulated other comprehensive income (loss) was $26.4 million as of September 30, 2019 and December 31, 2018. These deferred losses will not be recognized until such time as we sell or substantially liquidate our Canadian operations; although we have no such intention.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	(4) Fair Value of Financial Instruments Fair value is the price that would be received upon the sale of an asset in an orderly transaction between market participants at the measurement date. Invested assets recorded at fair value are measured and classified in accordance with a three-tier fair value hierarchy based on observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our view of market assumptions in the absence of observable market information. We classify and disclose all invested assets carried at fair value in one of the following three levels: • Level 1. Quoted prices for identical instruments in active markets. Level 1 consists of financial instruments whose value is based on quoted market prices in active markets, such as exchange-traded common stocks and actively traded mutual fund investments; • Level 2. Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs are observable in active markets. Level 2 includes those financial instruments that are valued using industry-standard pricing methodologies, models or other valuation methodologies. Various inputs are considered in deriving the fair value of the underlying financial instrument, including interest rate and yield curves, credit spread, and foreign exchange rates. All significant inputs are observable, or derived from observable information in the marketplace or are supported by observable levels at which transactions are executed in the marketplace. Financial instruments in this category primarily include: certain public and private corporate fixed-maturity and equity securities; government or agency securities; and certain mortgage- and asset-backed securities; and • Level 3. Valuations derived from valuation techniques in which one or more significant inputs are unobservable. Level 3 consists of financial instruments whose fair value is estimated based on industry-standard pricing methodologies and models using significant inputs not based on, nor corroborated by, readily available market information. Valuations for this category primarily consist of non-binding broker quotes. Financial instruments in this category primarily include less liquid mortgage-and asset-backed securities and equity securities. As of each reporting period, all assets and liabilities recorded at fair value are classified in their entirety based on the lowest level of input (Level 3 being the lowest in the hierarchy) that is significant to the fair value measurement. Significant levels of estimation and judgment are required to determine the fair value of certain of our investments. The factors influencing these estimations and judgments are subject to change in subsequent reporting periods. The estimated fair value and hierarchy classifications for assets and liabilities that are measured at fair value on a recurring basis were as follows: September 30, 2019 Level 1 Level 2 Level 3 Total (In thousands) Fair value assets: Available-for-sale fixed-maturity securities: U.S. government and agencies $ - $ 11,689 $ - $ 11,689 Foreign government - 160,183 - 160,183 States and political subdivisions - 96,297 - 96,297 Corporates 3,265 1,527,103 - 1,530,368 Residential mortgage-backed securities - 258,824 27 258,851 Commercial mortgage-backed securities - 133,364 - 133,364 Other asset-backed securities - 100,889 619 101,508 Short-term investments - - - - Total available-for-sale securities 3,265 2,288,349 646 2,292,260 Equity securities 38,864 1,065 152 40,081 Trading securities - 13,616 - 13,616 Separate accounts - 2,427,852 - 2,427,852 Total fair value assets $ 42,129 $ 4,730,882 $ 798 $ 4,773,809 Fair value liabilities: Separate accounts $ - $ 2,427,852 $ - $ 2,427,852 Total fair value liabilities $ - $ 2,427,852 $ - $ 2,427,852 December 31, 2018 Level 1 Level 2 Level 3 Total (In thousands) Fair value assets: Available-for-sale fixed-maturity securities: U.S. government and agencies $ - $ 12,233 $ - $ 12,233 Foreign government - 158,112 - 158,112 States and political subdivisions - 60,006 - 60,006 Corporates 2,869 1,431,346 3 1,434,218 Residential mortgage-backed securities - 191,720 231 191,951 Commercial mortgage-backed securities - 131,355 - 131,355 Other asset-backed securities - 81,259 501 81,760 Short-term investments - 8,171 - 8,171 Total available-for-sale securities 2,869 2,074,202 735 2,077,806 Equity securities 36,473 1,020 186 37,679 Trading securities - 13,610 - 13,610 Separate accounts - 2,195,501 - 2,195,501 Total fair value assets $ 39,342 $ 4,284,333 $ 921 $ 4,324,596 Fair value liabilities: Separate accounts $ - $ 2,195,501 $ - $ 2,195,501 Total fair value liabilities $ - $ 2,195,501 $ - $ 2,195,501 In estimating fair value of our investments, we use third-party pricing services for 95% Furthermore, we perform reasonableness assessments on fair value determinations within our portfolio throughout the quarter and as of quarter-end, including pricing variance analyses and comparisons to alternative pricing sources and benchmark returns. If a fair value appears unusual relative to these assessments, we will re-examine the inputs and may challenge a fair value assessment made by the pricing service. If there is a known pricing error, we will request a reassessment by the pricing service. If the pricing service is unable to perform the reassessment on a timely basis, we will determine the appropriate price by requesting a reassessment from an alternative pricing service or other qualified source as necessary. We do not adjust quotes or prices except in a rare circumstance to resolve a known error. Because many fixed-maturity securities do not trade on a daily basis, third-party pricing services generally determine fair value using industry-standard methodologies, which vary by asset class. For corporates, governments, and agency securities, these methodologies include developing prices by incorporating available market information such as U.S. Treasury curves, benchmarking of similar securities including new issues, sector groupings, quotes from market participants and matrix pricing. Observable information is compiled and integrates relevant credit information, perceived market movements and sector news. Additionally, security prices are periodically back-tested to validate and/or refine models as conditions warrant. Market indicators and industry and economic events are also monitored as triggers to obtain additional data. For certain structured securities (such as mortgage and asset-backed securities) with limited trading activity, third-party pricing services generally use industry-standard pricing methodologies that incorporate market information, such as index prices or discounting expected future cash flows based on underlying collateral, and quotes from market participants, to estimate fair value. If one or more of these input measures are not deemed observable for a particular security, the security will be classified as Level 3 in the fair value hierarchy. Where specific market information is unavailable for certain securities, pricing models produce estimates of fair value primarily using Level 2 inputs along with certain Level 3 inputs. These models include matrix pricing. The pricing matrix uses current U.S. Treasury rates and credit spreads received from third-party sources to estimate fair value. The credit spreads incorporate the issuer’s industry- or issuer-specific credit characteristics and the security’s time to maturity, if warranted. Remaining unpriced securities are valued using an estimate of fair value based on indicative market prices that include significant unobservable inputs not based on, nor corroborated by, market information, including the utilization of non-binding broker quotes. The roll-forward of the Level 3 assets measured at fair value on a recurring basis was as follows: Three months ended September 30, Nine months ended September 30, (1) 2019 2018 2019 2018 (In thousands) Level 3 assets, beginning of period $ 1,026 $ 516 $ 921 $ 567 Net unrealized gains (losses) included in other comprehensive income (1 ) (4 ) (14 ) (17 ) Realized gains (losses) and accretion (amortization) recognized in earnings, including OTTI (11 ) 2 (35 ) 47 Settlements (216 ) (43 ) (412 ) (126 ) Transfers into Level 3 - - 836 - Transfers out of Level 3 (2) - - (498 ) - Level 3 assets, end of period $ 798 $ 471 $ 798 $ 471 (1) Activities for investments that enter Level 3 in one quarter and exit Level 3 in another quarter within the same fiscal year are not eliminated until year-end when only the full year amounts are presented. (2) Transfers out of Level 3 assets primarily consisted of newly issued fixed-maturity securities in the previous period for which observable inputs, most notably quoted prices, used to derive valuations became readily available. We obtain independent pricing quotes based on observable inputs as of the end of the reporting period for all securities in Level 2. Those inputs include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, market bids/offers, quoted prices for similar instruments in markets that are not active, and other relevant data. We monitor these inputs for market indicators, industry and economic events. There were no material transfers between Level 1 and Level 3 during the three and nine months ended September 30, 2019 and 2018. The carrying values and estimated fair values of our financial instruments were as follows: September 30, 2019 December 31, 2018 Carrying value Estimated fair value Carrying value Estimated fair value (In thousands) Assets: Fixed-maturity securities (available-for-sale) $ 2,292,260 $ 2,292,260 $ 2,069,635 $ 2,069,635 Fixed-maturity security (held-to-maturity) (3) 1,140,250 1,243,938 970,390 945,331 Short-term investments (available-for-sale) - - 8,171 8,171 Equity securities 40,081 40,081 37,679 37,679 Trading securities 13,616 13,616 13,610 13,610 Policy loans (3) 33,982 33,982 31,501 31,501 Deposit asset underlying 10% coinsurance agreement (3) 233,024 233,024 228,974 228,974 Separate accounts 2,427,852 2,427,852 2,195,501 2,195,501 Liabilities: Notes payable (1) (2) $ 373,942 $ 397,197 $ 373,661 $ 384,909 Surplus note (1) (3) 1,139,592 1,242,870 969,685 945,331 Separate accounts 2,427,852 2,427,852 2,195,501 2,195,501 (1) Carrying value amounts shown are net of issuance costs (2) Classified as a Level 2 fair value measurement. (3) Classified as a Level 3 fair value measurement. The fair values of financial instruments presented above are estimates of the fair values at a specific point in time using various sources and methods, including market quotations and a complex matrix system that takes into account issuer sector, quality, and spreads in the current marketplace. Financial Instruments Recognized at Fair Value in the Balance Sheet. Estimated fair values of investments in available-for-sale fixed-maturity securities and short-term investments are principally a function of current spreads and interest rates that are corroborated by independent third-party data. Therefore, the fair values presented are indicative of amounts we could realize or settle at the respective balance sheet date. We do not necessarily intend to dispose of or liquidate such instruments prior to maturity. Trading and equity securities, including common and nonredeemable preferred stocks, are carried at fair value. Segregated funds in separate accounts are carried at the underlying value of the variable insurance contracts, which is fair value.

Reinsurance

Reinsurance	9 Months Ended
	Sep. 30, 2019
Reinsurance Disclosures [Abstract]
Reinsurance	(5) Reinsurance We use reinsurance extensively, which has a significant effect on our results of operations. Reinsurance arrangements do not relieve us of our primary obligation to the policyholder. We monitor the concentration of credit risk we have with any reinsurer, as well as the financial condition of the reinsurers. Details on in force life insurance were as follows: September 30, 2019 December 31, 2018 (Dollars in thousands) Direct life insurance in force $ 804,289,157 $ 783,979,673 Amounts ceded to other companies (697,994,589 ) (682,708,797 ) Net life insurance in force $ 106,294,568 $ 101,270,876 Percentage of reinsured life insurance in force 87 % 87 % Reinsurance recoverables includes ceded reserve balances, ceded claim liabilities, and ceded claims paid. Reinsurance recoverables and financial strength ratings by reinsurer were as follows: September 30, 2019 December 31, 2018 Reinsurance recoverables A.M. Best rating Reinsurance recoverables A.M. Best rating (In thousands) Pecan Re Inc. (1) (2) $ 2,715,370 NR $ 2,701,326 NR SCOR Global Life Reinsurance Companies (3) 348,255 A+ 348,109 A+ Munich Re of Malta (2) (5) 282,776 NR 276,154 NR Swiss Re Life & Health America Inc. (4) 224,560 A+ 234,643 A+ American Health and Life Insurance Company (2) 167,999 B+ 170,628 B+ Munich American Reassurance Company 118,599 A+ 114,604 A+ Korean Reinsurance Company 107,209 A 104,101 A RGA Reinsurance Company 96,372 A+ 90,989 A+ Hannover Life Reassurance Company 32,544 A+ 31,729 A+ TOA Reinsurance Company 26,912 A 25,434 A All other reinsurers 45,766 - 43,852 - Reinsurance recoverables $ 4,166,362 $ 4,141,569 NR – not rated (1) (2) Reinsurance recoverables includes balances ceded under coinsurance transactions of term life insurance policies that were in force as of December 31, 2009. Amounts shown are net of their share of the reinsurance recoverables from other reinsurers. (3) Includes amounts ceded to Transamerica Reinsurance Companies and fully retroceded to SCOR Global Life Reinsurance Companies. (4) Includes amounts ceded to Lincoln National Life Insurance and fully (5) Benefits and claims ceded to reinsurers during the three and nine months ended September 30, 2019 were $321.5 million and $981.5 million, respectively, compared to $310.8 million and $964.0 million for the three and nine months ended September 30, 2018, respectively.

Policy Claims and Other Benefit

Policy Claims and Other Benefits Payable	9 Months Ended
	Sep. 30, 2019
Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense [Abstract]
Policy Claims and Other Benefits Payable	(6) Policy Claims and Other Benefits Payable Changes in policy claims incurred and other benefits payable were as follows: Nine months ended September 30, 2019 2018 (In thousands) Policy claims and other benefits payable, beginning of period $ 313,862 $ 307,401 Less reinsured policy claims and other benefits payable 318,653 322,137 Net balance, beginning of period (4,791 ) (14,736 ) Incurred related to current year 139,794 131,862 Incurred related to prior years (1) (991 ) (1,755 ) Total incurred 138,803 130,107 Claims paid related to current year, net of reinsured policy claims received (201,858 ) (194,564 ) Reinsured policy claims received related to prior years, net of claims paid 13,159 21,889 Total paid (188,699 ) (172,675 ) Foreign currency translation 216 (166 ) Net balance, end of period (54,471 ) (57,470 ) Add reinsured policy claims and other benefits payable 371,007 345,110 Balance, end of period $ 316,535 $ 287,640 (1) des the difference between our estimate of claims incurred but not yet reported as of period-end and the actual incurred claims reported after period-end. The liability for policy claims and other benefits payable on traditional life insurance products includes estimated unpaid claims that have been reported to us and claims incurred but not yet reported. We estimate claims incurred but not yet reported based on our historical claims activity and reported lag time experience.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2019
Stockholders Equity Note [Abstract]
Stockholders' Equity	(7) Stockholders’ Equity A reconciliation of the number of shares of our common stock follows: Nine months ended September 30, 2019 2018 (In thousands) Common stock, beginning of period 42,694 44,251 Shares issued for stock options exercised - 33 Shares of common stock issued upon lapse of restricted stock units (“RSUs”) 377 428 Common stock retired (1,579 ) (1,735 ) Common stock, end of period 41,492 42,977 The above reconciliation excludes RSUs and performance-based stock units (“PSUs”), which do not have voting rights. As sales restrictions on RSUs lapse and PSUs are earned, we issue common shares with voting rights. As of September 30, 2019, we had a total of 392,416 RSUs and 92,108 PSUs outstanding. The PSU outstanding balance is based on the number of PSUs granted pursuant to the award agreement; however, the actual number of common shares issued could be higher or lower based on actual versus targeted performance. See Note 9 (Share-Based Transactions) for discussion of the PSU award structure. On February 7, 2019, our Board of Directors authorized a share repurchase program for up to $275.0 million of our outstanding common stock for purchases through June 30, 2020 (the “share repurchase program”). Under the share repurchase program, we repurchased 1,522,689 shares of our common stock in the open market for an aggregate purchase price of $181.1 million through September 30, 2019. Approximately $93.9 million remains available for repurchases of our outstanding common stock under the share repurchase program as of September 30, 2019.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share	(8) Earnings Per Share The Company has outstanding common stock and equity awards that consist of RSUs, PSUs and stock options. The RSUs maintain non-forfeitable dividend rights that result in dividend payment obligations on a one-to-one ratio with common shares for any future dividend declarations. Unvested RSUs are deemed participating securities for purposes of calculating earnings per share (“EPS”) as they maintain dividend rights. We calculate EPS using the two-class method. Under the two-class method, we allocate earnings to common shares and vested RSUs outstanding for the period. Earnings attributable to unvested participating securities, along with the corresponding share counts, are excluded from EPS as reflected in our unaudited condensed consolidated statements of income. In calculating basic EPS, we deduct from net income any dividends and undistributed earnings allocated to unvested RSUs and then divide the result by the weighted-average number of common shares and vested RSUs outstanding for the period. We determine the potential dilutive effect of PSUs and stock options outstanding (“contingently-issuable shares”) on EPS using the treasury-stock method. Under this method, we determine the proceeds that would be received from the issuance of the contingently-issuable shares if the end of the reporting period were the end of the contingency period. The proceeds from the contingently-issuable shares include the remaining unrecognized compensation expense of the awards and the cash received for the exercise price on stock options. We then use the average market price of our common shares during the period the contingently-issuable shares were outstanding to determine how many shares we could repurchase with the proceeds raised from the issuance of the contingently-issuable shares. The net incremental share count issued represents the potential dilutive securities. We then reallocate earnings to common shares and vested RSUs by incorporating the increased fully-diluted share count to determine diluted EPS. The calculation of basic and diluted EPS was as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands, except per-share amounts) Basic EPS: Numerator: Net income $ 96,223 $ 85,139 $ 272,834 $ 237,550 Income attributable to unvested participating securities (415 ) (485 ) (1,251 ) (1,405 ) Net income used in calculating basic EPS $ 95,808 $ 84,654 $ 271,583 $ 236,145 Denominator: Weighted-average vested shares 41,964 43,452 42,420 44,081 Basic EPS $ 2.28 $ 1.95 $ 6.40 $ 5.36 Diluted EPS: Numerator: Net income $ 96,223 $ 85,139 $ 272,834 $ 237,550 Income attributable to unvested participating securities (413 ) (484 ) (1,248 ) (1,401 ) Net income used in calculating diluted EPS $ 95,810 $ 84,655 $ 271,586 $ 236,149 Denominator: Weighted-average vested shares 41,964 43,452 42,420 44,081 Dilutive effect of incremental shares to be issued for contingently-issuable shares 136 137 130 131 Weighted-average shares used in calculating diluted EPS 42,100 43,589 42,550 44,212 Diluted EPS $ 2.28 $ 1.94 $ 6.38 $ 5.34

Share-Based Transactions

Share-Based Transactions	9 Months Ended
	Sep. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Transactions	(9) Share-Based Transactions The Company has outstanding equity awards under the Primerica, Inc. Second Amended and Restated 2010 Omnibus Incentive Plan (“OIP”). The OIP provides for the issuance of equity awards, including stock options, stock appreciation rights, restricted stock, deferred stock, RSUs, PSUs, and stock payment awards, as well as cash-based awards. In addition to time-based vesting requirements, awards granted under the OIP may also be subject to specified performance criteria. Since 2010, the Company has issued equity awards under the OIP to our management (officers and other key employees), non-employees who serve on our Board of Directors, and sales force leaders. For more information on equity awards granted under the OIP, see Note 14 (Share-Based Transactions) to our consolidated financial statements within our 2018 Annual Report. In connection with our granting of equity awards to management and members of the Board of Directors, we recognize expense over the requisite service period of the equity award. We defer and amortize the fair value of equity awards granted to the sales force in the same manner as other deferred policy acquisition costs for those awards that are an incremental direct cost of successful acquisitions of life insurance policies that result directly from and are essential to the policy acquisition(s) and would not have been incurred had the policy acquisition(s) not occurred. All equity awards granted to the sales force that are not directly related to the successful acquisition of life insurance policies are recognized as expense as incurred, which is in the quarter granted and earned. The impacts of equity awards granted are as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) Total equity awards expense recognized $ 2,070 $ 1,985 $ 15,056 $ 15,378 Quarterly incentive awards expense deferred 2,457 2,035 7,398 7,014 On February 26, 2019, the Compensation Committee of our Board of Directors granted the following equity awards to employees as part of the annual approval of management incentive compensation: • 73,817 • 25,483 All awards granted to employees on February 26, 2019 vest upon voluntary termination of employment by any employee who is “ retirement eligible ” as of his or her termination date. In order to be retirement eligible, an employee must be at least 55 years old and his or her age plus years of service with the Company must equal at least 75. The number of PSUs that will ultimately be issued for a retirement eligible employee is equal to the amount calculated using the Company’s actual cumulative three-year ROAE for the relevant performance period ending on December 31, 202 1 , even if that employee retires prior to the completion of the three-year performance period.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	9 Months Ended
	Sep. 30, 2019
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	(10) Commitments and Contingent Liabilities Letter of Credit (“LOC”). Peach Re maintains a credit facility agreement with Deutsche Bank (the “Credit Facility Agreement”) to support certain obligations for a portion of the Regulation XXX reserves related to the Peach Re Coinsurance Agreement. Under the Credit Facility Agreement, Deutsche Bank issued a letter of credit for the benefit of Primerica Life with a term expiring on December 31, 2025. As of September 30, 2019, the amount of the LOC outstanding was $260.8 million. This amount will decline over the remaining term of the LOC to correspond with declines in the Regulation XXX reserves. As of September 30, 2019, the Company was in compliance with all financial covenants under the Credit Facility Agreement. Further discussion on the Company’s letter of credit is included in Note 16 (Commitments and Contingent Liabilities) to our consolidated financial statements within our 2018 Annual Report. Contingent Liabilities. The Company is involved from time to time in legal disputes, regulatory inquiries and arbitration proceedings in the normal course of business. These disputes are subject to uncertainties, including the large and/or indeterminate amounts sought in certain of these matters and the inherent unpredictability of litigation. As such, the Company is unable to estimate the possible loss or range of loss that may result from these matters unless otherwise indicated. The Company is currently undergoing multi-state unclaimed property audits by 30 jurisdictions, currently focusing on the life insurance claims paying practices of its subsidiaries, Primerica Life and NBLIC. Other jurisdictions may pursue similar audits. The potential outcome of such audits is difficult to predict but could subject the Company to adverse consequences, including, but not limited to, settlement payments, additional payments to beneficiaries and additional escheatment of funds deemed abandoned under state laws. At this time, the Company cannot reasonably estimate the likelihood or the impact of additional costs or liabilities that could result from the resolution of these matters.

Other Comprehensive Income

Other Comprehensive Income	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Other Comprehensive Income	(11) Other Comprehensive Income The components of other comprehensive income (loss) ( “ ” Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) Foreign currency translation adjustments: Change in unrealized foreign currency translation gains (losses) before income taxes $ (4,009 ) $ 5,009 $ 8,799 $ (9,295 ) Income tax expense (benefit) on unrealized foreign currency translation gains (losses) - - - - Change in unrealized foreign currency translation gains (losses), net of income taxes $ (4,009 ) $ 5,009 $ 8,799 $ (9,295 ) Unrealized gain (losses) on available-for-sale securities: Change in unrealized holding gains (losses) arising during period before income taxes $ 12,304 $ (8,347 ) $ 93,329 $ (56,267 ) Income tax expense (benefit) on unrealized holding gains (losses) arising during period 2,582 (1,879 ) 19,991 (12,033 ) Change in unrealized holding gains (losses) on available-for-sale securities arising during period, net of income taxes 9,722 (6,468 ) 73,338 (44,234 ) … Reclassification from accumulated OCI to net income for (gains) losses realized on available-for-sale securities 542 755 517 92 Income tax (expense) benefit on (gains) losses reclassified from accumulated OCI to net income 114 159 109 19 Reclassification from accumulated OCI to net income for (gains) losses realized on available-for-sale securities, net of income taxes 428 596 408 73 Change in unrealized gains (losses) on available-for-sale securities, net of income taxes and reclassification adjustment $ 10,150 $ (5,872 ) $ 73,746 $ (44,161 )

Debt

Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Debt	(12) Debt Notes Payable. As of September 30, 2019, the Company had $375.0 million of publicly-traded, senior unsecured notes (the “ Senior Notes ” ), with an annual interest rate of 4.75% that are scheduled to mature on July 15, 2022. As of September 30, 2019, we were in compliance with the covenants of the Senior Notes. No events of default occurred on the Senior Notes during the three or nine months ended September 30, 2019. Further discussion on the Company’s Senior Notes is included in Note 10 (Debt) to our consolidated financial statements within our 2018 Annual Report. Surplus Note. As of September 30, 2019, the principal amount outstanding on the Surplus Note issued by Vidalia Re was $1.1 billion, which is equal to the principal amount of the LLC Note. The principal amount of both the Surplus Note and the LLC Note will fluctuate over time to coincide with the amount of policy reserves being contractually supported under the Vidalia Re Coinsurance Agreement. Both the LLC Note and the Surplus Note mature on December 31, 2030 and bear interest at an annual interest rate of 4.50%. Based on the estimated reserves for policies issued in 2011 through 2017 that have been ceded under the Vidalia Re Coinsurance Agreement, the principal amounts of the Surplus Note and the LLC Note are expected to reach $1.5 billion each. This financing arrangement is non-recourse to the Parent Company and Primerica Life, meaning that neither of these companies has guaranteed the Surplus Note or is otherwise liable for reimbursement for any payments triggered by the LLC Note’s credit enhancement feature. The Parent Company has agreed to support Vidalia Re’s obligation to pay the credit enhancement fee incurred on the LLC Note. Further discussion on the Company’s Surplus Note and LLC Note are included in Note 10 (Debt) and Note 4 (Investments) to our consolidated financial statements within our 2018 Annual Report. Revolving Credit Facility. We maintain an unsecured $200.0 million revolving credit facility (“Revolving Credit Facility”) with a syndicate of commercial banks that has a scheduled termination date of December 19, 2022. Amounts outstanding under the Revolving Credit Facility bear interest at a periodic rate equal to LIBOR or the base rate, plus in either case an applicable margin. The Revolving Credit Facility also permits the issuance of letters of credit. The applicable margins are based on our debt rating with such margins for LIBOR rate loans and letters of credit ranging from 1.125% to 1.625% per annum and for base rate loans ranging from 0.125% to 0.625% per annum. Under the Revolving Credit Facility, we incur a commitment fee that is payable quarterly in arrears and is determined by our debt rating. This commitment fee ranges from 0.125% to 0.225% per annum of the aggregate $200.0 million commitment of the lenders under the Revolving Credit Facility. As of September 30, 2019, no amounts have been drawn under the Revolving Credit Facility and we were in compliance with its covenants. Furthermore, no events of default occurred under the Revolving Credit Facility during the three or nine months ended September 30, 2019.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	9 Months Ended
	Sep. 30, 2019
Revenue From Contract With Customer [Abstract]
Revenue from Contract with Customers	(13) Revenue from Contracts with Customers Our revenues from contracts with customers primarily include: • Commissions and fees earned for the marketing and distribution of investment and savings products underwritten by mutual fund companies and annuity providers. For purposes of revenue recognition, mutual fund companies and annuity providers are considered the customers in marketing and distribution arrangements. • Fees earned for investment advisory and administrative services within our managed investments program. • Account-based fees for transfer agent recordkeeping functions and non-bank custodial services. • Fees associated with the distribution of other third-party financial products. • Other revenue from the sale of miscellaneous products and services including monthly subscription fees from the sales representatives for access to Primerica Online ( “ POL ” ), our primary sales force support tool. Premiums from insurance contracts we underwrite, fees received from segregated funds insurance contracts, and income earned on our invested assets are excluded from the definition of revenues from contracts with customers in accordance with U.S. GAAP. Further discussion on the Company’s revenues from contracts with customers and revenue recognition policies are included in Note 18 (Revenue from Contracts with Customers) to our consolidated financial statements within our 2018 Annual Report. The disaggregation of our revenues from contracts with customers were as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) Term Life Insurance segment revenues: Other, net $ 10,985 $ 10,615 $ 30,785 $ 31,943 Total segment revenues from contracts with customers 10,985 10,615 30,785 31,943 Revenues from sources other than contracts with customers 303,542 277,357 877,454 799,316 Total Term Life Insurance segment revenues $ 314,527 $ 287,972 $ 908,239 $ 831,259 Investment and Savings Products segment revenues: Commissions and fees Sales-based revenues $ 69,034 $ 64,181 $ 207,469 $ 192,949 Asset-based revenues 66,289 63,529 190,997 184,222 Account-based revenues 20,449 20,306 59,958 61,339 Other, net 2,661 2,464 7,517 7,223 Total segment revenues from contracts with customers 158,433 150,480 465,941 445,733 Revenues from sources other than contracts with customers (segregated funds) 14,720 14,789 42,968 44,418 Total Investment and Savings Products segment revenues $ 173,153 $ 165,269 $ 508,909 $ 490,151 Corporate and Other Distributed Products segment revenues: Commissions and fees (1) $ 9,227 $ 8,074 $ 24,110 $ 22,718 Other, net 1,052 1,280 3,444 3,881 Total segment revenues from contracts with customers 10,279 9,354 27,554 26,599 Revenues from sources other than contracts with customers 22,694 22,186 75,843 64,509 Total Corporate and Other Distributed Products segment revenues $ 32,973 $ 31,540 $ 103,397 $ 91,108 (1) Commissions and fees for the three and nine months ended September 30, 2019 to performance obligations satisfied in a previous reporting period and represent the collection of variable consideration in the transaction price that had been previously constrained. We recognize revenue upon the satisfaction of the related performance obligation, unless the transaction price includes variable consideration that is constrained; in such case, we recognize revenue when the uncertainty associated with the constrained amount is subsequently resolved. Variable consideration is not treated as constrained to the extent it is probable that no significant reversal in the amount of cumulative revenue recognized will occur when the uncertainty associated with the variable consideration is resolved. We have no material obligations for refunds of commission and fees on contracts with customers subsequent to completion of our performance obligation. Contract Balances. For revenue associated with ongoing renewal commissions we receive subsequent to the satisfaction of our performance obligation, we record a contract asset for the amount of ongoing renewal commissions we anticipate collecting in reporting periods subsequent to the sale or referral, less amounts that are constrained in other assets. The contract asset is reduced for commissions that are billed and become due receivables from product providers during the reporting period. Activity in the contract asset account was as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) (In thousands) Balance, beginning of period $ 50,467 $ 48,168 $ 50,119 (1) $ 48,533 Current period sales, net of collection of renewal commissions 1,207 657 1,555 292 Balance, at the end of period $ 51,674 $ 48,825 $ 51,674 $ 48,825 (1) No significant estimate adjustments were made to the contract asset and no impairment losses were recognized on the contract asset during the three or nine months ended September 30, 2019. Incremental costs to obtain or fulfill contracts, most notably sales commissions to the sales representatives, are not incurred prior to the recognition of the related revenue. Therefore, we have no assets recognized for incremental costs to obtain or fulfill contracts.

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Lessee Disclosure [Abstract]
Leases	(14) Leases We have operating leases for our executive office operations and other real estate leases of office space and finance leases for certain office equipment. Our leases have remaining lease terms of 1 year to 11 years, some of which include options to extend the leases for up to 10 years, and some of which include options to terminate the leases within 4 years, exercisable at the Company’s discretion. Operating lease right-of-use assets and operating lease liabilities are presented separately in our condensed consolidated balance sheets. As of September 30, 2019, finance right-of-use assets of $0.7 million and finance lease liabilities of $0.7 million were recorded within Other assets and Other liabilities, respectively, within our condensed consolidated balance sheets. The Company determines its lease liabilities, which are measured at the present value of future lease payments, using the Company’s incremental secured borrowing rate that is commensurate with the term of the underlying lease or the rate implicit in the lease if readily determinable. The components of lease expense were as follows: Three months ended September 30, Nine months ended September 30, 2019 2019 (In thousands) Operating lease cost Operating lease cost $ 1,904 $ 5,742 Variable lease cost (includes taxes, common area maintenance and insurance) 162 505 Finance lease cost Depreciation of finance lease assets 70 208 Interest on lease liabilities 11 33 Total lease cost $ 2,147 $ 6,488 Other information related to leases was as follows: Nine months ended September 30, 2019 (In thousands) Supplemental Cash Flows Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used in operating leases (1) $ 5,669 Operating cash flows used in finance leases (1) 38 Financing cash flows used in finance leases 211 September 30, 2019 Weighted Average Remaining Lease Term Operating leases 9 years Finance leases 3 years Weighted Average Discount Rate Operating leases 4.6 % Finance leases 6.2 % (1) Future minimum lease payments under non-cancellable leases were as follows: Operating Leases Finance Leases Year Ended December 31, (In thousands) 2019 (excluding the nine months ended September 30, 2019) $ 1,985 $ 82 2020 7,397 313 2021 7,235 260 2022 7,229 92 2023 7,237 32 Thereafter 35,799 9 Total minimum rental commitments for operating leases 66,882 788 Less imputed interest 12,179 64 Total lease liabilities $ 54,703 $ 724 The following disclosures for the comparative periods presented in accordance with ASC 840 have been carried forward. Total minimum rent expense for operating leases for the three and nine months ended September 30, 2018 was $2.0 As of December 31, 2018, the minimum aggregate rental commitments for operating leases were as follows: December 31, 2018 (In thousands) 2019 $ 7,459 2020 7,174 2021 7,038 2022 7,120 2023 7,094 Thereafter 34,901 Total minimum rental commitments for operating leases $ 70,786 As of December 31, 2018, the aggregate balance of our capital lease liabilities was not material.

Description of Business, Basi_2

Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation . We prepare our financial statements in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). These principles are established primarily by the Financial Accounting Standards Board (“FASB”). The accompanying unaudited condensed consolidated financial statements contain all adjustments, generally consisting of normal recurring accruals, which are necessary to fairly present the balance sheets as of September 30, 2019 and December 31, 2018, the statements of income, comprehensive income, and stockholders' equity for the three and nine months ended September 30, 2019 and 2018, and statement of cash flows for the nine months ended September 30, 2019 and 2018. Results of operations for interim periods are not necessarily indicative of results for the entire year or of the results to be expected in future periods. These unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and note disclosures normally included in annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are sufficient to make the information not misleading. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto that are included in our Annual Report on Form 10-K for the year ended December 31, 2018 (“2018 Annual Report”).
Use of Estimates	Use of Estimates. The preparation of financial statements in accordance with U.S. GAAP requires us to make estimates and assumptions that affect financial statement balances, revenues and expenses and cash flows, as well as the disclosure of contingent assets and liabilities. Management considers available facts and knowledge of existing circumstances when establishing the estimates included in our financial statements. The most significant items that involve a greater degree of accounting estimates and actuarial determinations subject to change in the future are the valuation of investments, deferred policy acquisition costs (“DAC”), future policy benefit reserves and corresponding amounts recoverable from reinsurers, and income taxes. Estimates for these and other items are subject to change and are reassessed by management in accordance with U.S. GAAP. Actual results could differ from those estimates.
Consolidation	Consolidation. The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and those entities required to be consolidated under U.S. GAAP. All material intercompany profits, transactions, and balances among the consolidated entities have been eliminated.
Reclassifications	Reclassifications. Certain reclassifications have been made to prior-period amounts to conform to current-period reporting classifications. These reclassifications had no impact on net income or total stockholders’ equity.
Significant Accounting Policies	Significant Accounting Policies . All significant accounting policies remain unchanged from the 2018 Annual Report unless otherwise described.
New Accounting Principles	New Accounting Principles. In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases (ASC 842) (“ASC 842”), which requires lessees to recognize right-of-use operating lease assets and operating lease liabilities on the balance sheet. The Company adopted the amendments in ASC 842 on January 1, 2019 using the modified retrospective approach through a cumulative-effect adjustment to beginning retained earnings. The cumulative-effect adjustment to beginning retained earnings was zero. In addition, we elected the package of practical expedients permitted under ASC 842, which included not reassessing whether existing contracts contained leases and not reassessing the lease classification for existing leases. The effect of adopting ASC 842 resulted in an increase to both total assets and total liabilities of $52.7 million on January 1, 2019. The increase to both assets and liabilities is less than 1% of our total assets and total liabilities. The adjustment recognized upon the adoption of ASC 842 included the recognition of our operating lease obligations and corresponding right-of-use assets on our condensed consolidated balance sheet, which mainly consist of our executive of fice operations and other real estate leases of office space. The adoption of ASC 842 did not affect the Company’s results of operations or liquidity. The Company’s reporting for the comparative periods prior to adoption continues to be presented in the condensed consolidated financial statements in accordance with previous lease accounting guidance, Accounting Standards Codification Topic 840 – Leases (“ASC 840”). Refer to Note 14 (Leases) for more information on leases. Future Application of Accounting Standards. In August 2018, the FASB issued Accounting Standards Update No. 2018-12, Financial Services—Insurance (Topic 944) — Targeted Improvements to the Accounting for Long-Duration Contracts (“ASU 2018-12”). The amendments in this update change accounting guidance for insurance companies that issue long-duration contracts, including term life insurance. ASU 2018-12 requires companies that issue long-duration insurance contracts to update assumptions used in measuring future policy benefits, including mortality, persistency, and disability rates, at least annually instead of locking those assumptions at contract inception and reflecting differences in assumptions and actual performance as the experience occurs. ASU 2018-12 also includes changes to how insurance companies that issue long-duration contracts amortize DAC and determine and update the discount rate assumptions used in measuring future policy benefits reserves while increasing the level of financial statement disclosures required. The guidance in ASU 2018-12 will be applied to the earliest period presented in the condensed consolidated financial statements beginning on the effective date. On October 16, 2019, the FASB voted to defer the effective date of ASU 2018-12 by one year, which would push the effective date from January 1, 2021 to January 1, 2022. We anticipate that the adoption of ASU 2018-12 will have a pervasive impact on our consolidated financial statements and related disclosures and will require changes to certain of our processes, systems and controls. We are unable to determine the magnitude of its impact at this time as we are still evaluating and implementing this standard. In June 2016, the FASB issued Accounting Standards Update No. 2016-13, Financial Instruments—Credit Losses (Topic 326) – Measurement of Credit Losses on Financial Instruments Recently-issued accounting guidance not discussed above is not applicable, is immaterial to our condensed consolidated financial statements, or did not or is not expected to have a material impact on our business.

Segment and Geographical Info_2

Segment and Geographical Information (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Summary of Assets and Profit or Loss by Segment	Notable information included in profit or loss by segment was as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) Revenues: Term life insurance segment $ 314,527 $ 287,972 $ 908,239 $ 831,259 Investment and savings products segment 173,153 165,269 508,909 490,151 Corporate and other distributed products segment 32,973 31,540 103,397 91,108 Total revenues $ 520,653 $ 484,781 $ 1,520,545 $ 1,412,518 Net investment income: Term life insurance segment $ 5,123 $ 3,506 $ 14,303 $ 9,841 Investment and savings products segment - - - - Corporate and other distributed products segment 17,552 17,116 57,352 49,828 Total net investment income $ 22,675 $ 20,622 $ 71,655 $ 59,669 Amortization of DAC: Term life insurance segment $ 61,548 $ 56,904 $ 181,792 $ 164,834 Investment and savings products segment 2,044 2,349 4,622 7,870 Corporate and other distributed products segment 291 281 859 842 Total amortization of DAC $ 63,883 $ 59,534 $ 187,273 $ 173,546 Non-cash share-based compensation expense: Term life insurance segment $ 572 $ 646 $ 3,061 $ 3,612 Investment and savings products segment 660 581 2,780 2,099 Corporate and other distributed products segment 838 758 9,228 9,667 Total non-cash share-based compensation expense $ 2,070 $ 1,985 $ 15,069 $ 15,378 Income (loss) before income taxes: Term life insurance segment $ 83,760 $ 74,337 $ 238,099 $ 209,787 Investment and savings products segment 48,795 45,052 138,821 128,265 Corporate and other distributed products segment (7,416 ) (7,954 ) (21,953 ) (29,892 ) Total income before income taxes $ 125,139 $ 111,435 $ 354,967 $ 308,160
Total Assets by Segment	Total assets by segment were as follows: September 30, 2019 December 31, 2018 (In thousands) Assets: Term life insurance segment $ 6,503,506 $ 6,322,555 Investment and savings products segment (1) 2,556,622 2,298,238 Corporate and other distributed products segment 4,391,606 3,974,255 Total assets $ 13,451,734 $ 12,595,048 _______________ (1)
Long Lived Assets and Continuing Operations by Country	Geographical Information. Results of operations by country and long-lived assets, primarily tangible assets reported in other assets in our unaudited condensed consolidated balance sheets, were as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) Revenues by country: United States $ 443,883 $ 411,998 $ 1,293,971 $ 1,191,502 Canada 76,770 72,783 226,574 221,016 Total revenues $ 520,653 $ 484,781 $ 1,520,545 $ 1,412,518 Income before income taxes by country: United States $ 104,033 $ 91,793 $ 291,491 $ 249,106 Canada 21,106 19,642 63,476 59,054 Total income before income taxes $ 125,139 $ 111,435 $ 354,967 $ 308,160 September 30, 2019 December 31, 2018 (In thousands) Long-lived assets by country: United States $ 36,500 $ 30,999 Canada 4,975 4,997 Total long-lived assets $ 41,475 $ 35,996

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2019
Schedule of Investments Debt and Equity Securities [Line Items]
Schedule of Available-for-sale Securities	The period-end amortized cost, gross unrealized gains and losses, and fair value of available-for-sale securities were as follows: September 30, 2019 Amortized cost Gross unrealized gains Gross unrealized losses Fair value (In thousands) Securities available-for-sale, carried at fair value: Fixed-maturity securities: U.S. government and agencies $ 11,367 $ 324 $ (2 ) $ 11,689 Foreign government 152,691 7,581 (89 ) 160,183 States and political subdivisions 92,549 3,848 (100 ) 96,297 Corporates 1,468,933 63,189 (1,754 ) 1,530,368 Residential mortgage-backed securities 252,328 6,630 (107 ) 258,851 Commercial mortgage-backed securities 129,179 4,270 (85 ) 133,364 Other asset-backed securities 100,554 1,000 (46 ) 101,508 Total fixed-maturity securities (1) 2,207,601 86,842 (2,183 ) 2,292,260 Short-term investments - - - - Total fixed-maturity and short-term investments $ 2,207,601 $ 86,842 $ (2,183 ) $ 2,292,260 (1) December 31, 2018 Amortized cost Gross unrealized gains Gross unrealized losses Fair value (In thousands) Securities available-for-sale, carried at fair value: Fixed-maturity securities: U.S. government and agencies $ 12,115 $ 176 $ (58 ) $ 12,233 Foreign government 155,723 3,347 (958 ) 158,112 States and political subdivisions 59,075 1,202 (271 ) 60,006 Corporates 1,447,075 11,916 (24,773 ) 1,434,218 Residential mortgage-backed securities 191,245 2,439 (1,733 ) 191,951 Commercial mortgage-backed securities 131,279 1,712 (1,636 ) 131,355 Other asset-backed securities 82,310 205 (755 ) 81,760 Total fixed-maturity securities (1) 2,078,822 20,997 (30,184 ) 2,069,635 Short-term investments 8,171 - - 8,171 Total fixed-maturity and short-term investments $ 2,086,993 $ 20,997 $ (30,184 ) $ 2,077,806 (1)
Fixed-maturity Securities Classified by Contractual Maturity Date	The scheduled maturity distribution of the available-for-sale fixed-maturity portfolio as of September 30, 2019 was as follows: Amortized cost Fair value (In thousands) Due in one year or less $ 243,943 $ 245,381 Due after one year through five years 897,406 928,982 Due after five years through 10 years 480,264 510,642 Due after 10 years 103,927 113,532 1,725,540 1,798,537 Mortgage- and asset-backed securities 482,061 493,723 Total AFS fixed-maturity securities $ 2,207,601 $ 2,292,260
Net Effect on Stockholders' Equity of Unrealized Gains and Losses on Available-for-sale Securities	The net effect on stockholders’ equity of unrealized gains and losses on available-for-sale investments was as follows: September 30, 2019 December 31, 2018 (In thousands) Net unrealized investment gains (losses) on available-for-sale securities including OTTI: Available-for-sale securities $ 84,659 $ (9,187 ) OTTI 58 147 Net unrealized investment gains (losses) on available-for-sale securities excluding OTTI 84,717 (9,040 ) Deferred income taxes (18,295 ) 1,787 Net unrealized investment gains (losses) on available-for-sale securities excluding OTTI, net of tax $ 66,422 $ (7,253 )
Costs and Fair Value of Securities Classified as Trading Securities	The cost and fair value of the securities classified as trading securities were as follows: September 30, 2019 December 31, 2018 Cost Fair value Cost Fair value (In thousands) Fixed-maturity securities $ 13,581 $ 13,616 $ 13,597 $ 13,610
Net Investment Income	Investment Income. The components of net investment income were as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) Fixed-maturity securities (available-for-sale) $ 20,380 $ 20,142 $ 61,058 $ 59,173 Fixed-maturity security (held-to-maturity) 12,769 9,592 35,212 27,018 Equity securities 448 482 1,381 1,461 Policy loans and other invested assets 234 247 854 811 Cash and cash equivalents 1,191 808 3,808 2,273 Total return on deposit asset underlying 10% coinsurance agreement (1) 2,639 1,094 11,130 1,882 Gross investment income 37,661 32,365 113,443 92,618 Investment expenses (2,217 ) (2,151 ) (6,576 ) (5,931 ) Investment income net of investment expenses 35,444 30,214 106,867 86,687 Interest expense on surplus note (12,769 ) (9,592 ) (35,212 ) (27,018 ) Net investment income $ 22,675 $ 20,622 $ 71,655 $ 59,669 (1) 10%
Schedule of Net Realized Investment Gains and Losses Recognized in Net Income	The components of net realized investment gains (losses) recognized in net income as well as details on gross realized investment gains and losses were as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) Net realized investment gains (losses): Gross gains from sales of available-for-sale securities $ 523 $ 238 $ 994 $ 1,025 Gross losses from sales of available-for-sale securities (1 ) (944 ) (286 ) (965 ) OTTI losses of available-for-sale securities (1,064 ) (49 ) (1,225 ) (152 ) Net gains (losses) recognized in net income during the period on equity securities 813 739 4,692 (668 ) Gains (losses) from bifurcated options 14 (110 ) 14 290 Gains (losses) on trading securities - - 11 - Net realized investment gains (losses) $ 285 $ (126 ) $ 4,200 $ (470 )
Schedule of Proceeds from Sales or Other Redemptions of Available-for-Sale Securities	The proceeds from sales or other redemptions of available-for-sale securities were as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) Proceeds from sales or other redemptions $ 106,177 $ 83,346 $ 347,071 $ 323,609
Schedule of Unrealized Net Gains (Losses) Recognized in NI on Equity Securities Still Held at Period-End	The components of net gains (losses) recognized in net income on equity securities still held as of period-end were as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) Net gains (losses) recognized on equity securities $ 813 $ 739 $ 4,692 $ (668 ) Less: Net gains (losses) recognized on equity securities sold - 1 (254 ) (48 ) Net gains (losses) recognized in net income on equity securities still held as of period-end $ 813 $ 738 $ 4,946 $ (620 )
Schedule of Securities in Unrealized Loss Position	The following tables summarize, for all available-for-sale securities in an unrealized loss position, the aggregate fair value and the gross unrealized loss by length of time such securities have continuously been in an unrealized loss position: September 30, 2019 Less than 12 months 12 months or longer Fair value Unrealized losses Number of securities Fair value Unrealized losses Number of securities (Dollars in thousands) Fixed-maturity securities: U.S. government and agencies $ 999 $ (1 ) 1 $ 1,664 $ (1 ) 2 Foreign government 4,636 (16 ) 6 9,551 (73 ) 9 States and political subdivisions 9,226 (85 ) 3 5,590 (15 ) 6 Corporates 59,817 (439 ) 44 34,551 (1,315 ) 33 Residential mortgage-backed securities 32,282 (93 ) 17 1,809 (14 ) 2 Commercial mortgage-backed securities 2,944 (11 ) 4 18,276 (74 ) 25 Other asset-backed securities 8,705 (39 ) 25 2,929 (7 ) 10 Total fixed-maturity securities $ 118,609 $ (684 ) $ 74,370 $ (1,499 ) December 31, 2018 Less than 12 months 12 months or longer Fair value Unrealized losses Number of securities Fair value Unrealized losses Number of securities (Dollars in thousands) Fixed-maturity securities: U.S. government and agencies $ 1,668 $ (10 ) 1 $ 4,541 $ (48 ) 6 Foreign government 7,326 (170 ) 7 52,086 (788 ) 54 States and political subdivisions 2,644 (9 ) 3 23,324 (262 ) 20 Corporates 489,880 (10,649 ) 396 360,516 (14,124 ) 321 Residential mortgage-backed securities 32,725 (86 ) 14 71,308 (1,647 ) 41 Commercial mortgage-backed securities 31,129 (173 ) 20 78,911 (1,463 ) 77 Other asset-backed securities 19,363 (184 ) 35 33,989 (571 ) 41 Total fixed-maturity securities 584,735 (11,281 ) 624,675 (18,903 )
Amortized Cost and Fair Value of Available-for-sale Fixed-maturity Securities in Default	The amortized cost and fair value of available-for-sale fixed-maturity securities in default were as follows: September 30, 2019 December 31, 2018 Amortized cost Fair value Amortized cost Fair value (In thousands) Fixed-maturity securities in default $ - $ 217 $ 3 $ 227
OTTI in Earnings on Available-for-sale Securities	OTTI recognized in earnings on available-for-sale securities were as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) OTTI on fixed-maturity securities not in default $ 1,064 $ 49 $ 1,222 $ 152 OTTI on fixed-maturity securities in default - - 3 - Total OTTI recognized in earnings $ 1,064 $ 49 $ 1,225 $ 152
Schedule of OTTI Recognized in Earnings for Available-for-sale Securities	The rollforward of the OTTI recognized in net income for all fixed-maturity securities still held was as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) Cumulative OTTI recognized in net income for securities still held, beginning of period $ 2,407 $ 3,294 $ 2,511 $ 4,346 Additions for securities where no OTTI were recognized prior to the beginning of the period 968 - 1,126 - Additions for securities where OTTI have been recognized prior to the beginning of the period 96 49 99 152 Reductions due to sales, maturities, calls, amortization or increases in cash flows expected to be collected over the remaining life of credit-impaired securities (209 ) (578 ) (474 ) (1,733 ) Reductions for exchanges of securities previously impaired - - - - Cumulative OTTI recognized in net income for securities still held, end of period $ 3,262 $ 2,765 $ 3,262 $ 2,765
Available-for-Sale [Member]
Schedule of Investments Debt and Equity Securities [Line Items]
Schedule of OTTI Recognized in Earnings for Available-for-sale Securities	OTTI recognized in earnings for available-for-sale securities were as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) Total OTTI related to securities which the Company does not intend to sell or more-likely-than-not will not be required to sell: Total OTTI losses recognized $ - $ 49 $ 3 $ 152 Less portion of OTTI recognized in accumulated other comprehensive income (loss) - - - - OTTI recognized in earnings for securities which the Company does not intend to sell or more-likely than-not will not be required to sell before recovery - 49 3 152 OTTI recognized in earnings for securities which the Company intends to sell or more-likely-than-not will be required to sell before recovery 1,064 - 1,222 - OTTI recognized in earnings $ 1,064 $ 49 $ 1,225 $ 152

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis	The estimated fair value and hierarchy classifications for assets and liabilities that are measured at fair value on a recurring basis were as follows: September 30, 2019 Level 1 Level 2 Level 3 Total (In thousands) Fair value assets: Available-for-sale fixed-maturity securities: U.S. government and agencies $ - $ 11,689 $ - $ 11,689 Foreign government - 160,183 - 160,183 States and political subdivisions - 96,297 - 96,297 Corporates 3,265 1,527,103 - 1,530,368 Residential mortgage-backed securities - 258,824 27 258,851 Commercial mortgage-backed securities - 133,364 - 133,364 Other asset-backed securities - 100,889 619 101,508 Short-term investments - - - - Total available-for-sale securities 3,265 2,288,349 646 2,292,260 Equity securities 38,864 1,065 152 40,081 Trading securities - 13,616 - 13,616 Separate accounts - 2,427,852 - 2,427,852 Total fair value assets $ 42,129 $ 4,730,882 $ 798 $ 4,773,809 Fair value liabilities: Separate accounts $ - $ 2,427,852 $ - $ 2,427,852 Total fair value liabilities $ - $ 2,427,852 $ - $ 2,427,852 December 31, 2018 Level 1 Level 2 Level 3 Total (In thousands) Fair value assets: Available-for-sale fixed-maturity securities: U.S. government and agencies $ - $ 12,233 $ - $ 12,233 Foreign government - 158,112 - 158,112 States and political subdivisions - 60,006 - 60,006 Corporates 2,869 1,431,346 3 1,434,218 Residential mortgage-backed securities - 191,720 231 191,951 Commercial mortgage-backed securities - 131,355 - 131,355 Other asset-backed securities - 81,259 501 81,760 Short-term investments - 8,171 - 8,171 Total available-for-sale securities 2,869 2,074,202 735 2,077,806 Equity securities 36,473 1,020 186 37,679 Trading securities - 13,610 - 13,610 Separate accounts - 2,195,501 - 2,195,501 Total fair value assets $ 39,342 $ 4,284,333 $ 921 $ 4,324,596 Fair value liabilities: Separate accounts $ - $ 2,195,501 $ - $ 2,195,501 Total fair value liabilities $ - $ 2,195,501 $ - $ 2,195,501
Roll forward of Level 3 Assets Measured on Recurring Basis	The roll-forward of the Level 3 assets measured at fair value on a recurring basis was as follows: Three months ended September 30, Nine months ended September 30, (1) 2019 2018 2019 2018 (In thousands) Level 3 assets, beginning of period $ 1,026 $ 516 $ 921 $ 567 Net unrealized gains (losses) included in other comprehensive income (1 ) (4 ) (14 ) (17 ) Realized gains (losses) and accretion (amortization) recognized in earnings, including OTTI (11 ) 2 (35 ) 47 Settlements (216 ) (43 ) (412 ) (126 ) Transfers into Level 3 - - 836 - Transfers out of Level 3 (2) - - (498 ) - Level 3 assets, end of period $ 798 $ 471 $ 798 $ 471 (1) Activities for investments that enter Level 3 in one quarter and exit Level 3 in another quarter within the same fiscal year are not eliminated until year-end when only the full year amounts are presented. (2) Transfers out of Level 3 assets primarily consisted of newly issued fixed-maturity securities in the previous period for which observable inputs, most notably quoted prices, used to derive valuations became readily available.
Carrying Values and Estimated Fair Values of Financial Instruments	The carrying values and estimated fair values of our financial instruments were as follows: September 30, 2019 December 31, 2018 Carrying value Estimated fair value Carrying value Estimated fair value (In thousands) Assets: Fixed-maturity securities (available-for-sale) $ 2,292,260 $ 2,292,260 $ 2,069,635 $ 2,069,635 Fixed-maturity security (held-to-maturity) (3) 1,140,250 1,243,938 970,390 945,331 Short-term investments (available-for-sale) - - 8,171 8,171 Equity securities 40,081 40,081 37,679 37,679 Trading securities 13,616 13,616 13,610 13,610 Policy loans (3) 33,982 33,982 31,501 31,501 Deposit asset underlying 10% coinsurance agreement (3) 233,024 233,024 228,974 228,974 Separate accounts 2,427,852 2,427,852 2,195,501 2,195,501 Liabilities: Notes payable (1) (2) $ 373,942 $ 397,197 $ 373,661 $ 384,909 Surplus note (1) (3) 1,139,592 1,242,870 969,685 945,331 Separate accounts 2,427,852 2,427,852 2,195,501 2,195,501 (1) Carrying value amounts shown are net of issuance costs (2) Classified as a Level 2 fair value measurement. (3) Classified as a Level 3 fair value measurement.

Reinsurance (Tables)

Reinsurance (Tables)	9 Months Ended
	Sep. 30, 2019
Reinsurance Disclosures [Abstract]
In-force Life Insurance	Details on in force life insurance were as follows: September 30, 2019 December 31, 2018 (Dollars in thousands) Direct life insurance in force $ 804,289,157 $ 783,979,673 Amounts ceded to other companies (697,994,589 ) (682,708,797 ) Net life insurance in force $ 106,294,568 $ 101,270,876 Percentage of reinsured life insurance in force 87 % 87 %
Reinsurance Recoverables and Financial Strength Ratings by Reinsurer	Reinsurance recoverables includes ceded reserve balances, ceded claim liabilities, and ceded claims paid. Reinsurance recoverables and financial strength ratings by reinsurer were as follows: September 30, 2019 December 31, 2018 Reinsurance recoverables A.M. Best rating Reinsurance recoverables A.M. Best rating (In thousands) Pecan Re Inc. (1) (2) $ 2,715,370 NR $ 2,701,326 NR SCOR Global Life Reinsurance Companies (3) 348,255 A+ 348,109 A+ Munich Re of Malta (2) (5) 282,776 NR 276,154 NR Swiss Re Life & Health America Inc. (4) 224,560 A+ 234,643 A+ American Health and Life Insurance Company (2) 167,999 B+ 170,628 B+ Munich American Reassurance Company 118,599 A+ 114,604 A+ Korean Reinsurance Company 107,209 A 104,101 A RGA Reinsurance Company 96,372 A+ 90,989 A+ Hannover Life Reassurance Company 32,544 A+ 31,729 A+ TOA Reinsurance Company 26,912 A 25,434 A All other reinsurers 45,766 - 43,852 - Reinsurance recoverables $ 4,166,362 $ 4,141,569 NR – not rated (1) (2) Reinsurance recoverables includes balances ceded under coinsurance transactions of term life insurance policies that were in force as of December 31, 2009. Amounts shown are net of their share of the reinsurance recoverables from other reinsurers. (3) Includes amounts ceded to Transamerica Reinsurance Companies and fully retroceded to SCOR Global Life Reinsurance Companies. (4) Includes amounts ceded to Lincoln National Life Insurance and fully (5)

Policy Claims and Other Benef_2

Policy Claims and Other Benefits Payable (Tables)	9 Months Ended
	Sep. 30, 2019
Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense [Abstract]
Schedule of Liability For Future Policy Benefits and Unpaid Claims	Changes in policy claims incurred and other benefits payable were as follows: Nine months ended September 30, 2019 2018 (In thousands) Policy claims and other benefits payable, beginning of period $ 313,862 $ 307,401 Less reinsured policy claims and other benefits payable 318,653 322,137 Net balance, beginning of period (4,791 ) (14,736 ) Incurred related to current year 139,794 131,862 Incurred related to prior years (1) (991 ) (1,755 ) Total incurred 138,803 130,107 Claims paid related to current year, net of reinsured policy claims received (201,858 ) (194,564 ) Reinsured policy claims received related to prior years, net of claims paid 13,159 21,889 Total paid (188,699 ) (172,675 ) Foreign currency translation 216 (166 ) Net balance, end of period (54,471 ) (57,470 ) Add reinsured policy claims and other benefits payable 371,007 345,110 Balance, end of period $ 316,535 $ 287,640 (1) des the difference between our estimate of claims incurred but not yet reported as of period-end and the actual incurred claims reported after period-end.

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2019
Stockholders Equity Note [Abstract]
Reconciliation of Number of Shares of Common Stock	A reconciliation of the number of shares of our common stock follows: Nine months ended September 30, 2019 2018 (In thousands) Common stock, beginning of period 42,694 44,251 Shares issued for stock options exercised - 33 Shares of common stock issued upon lapse of restricted stock units (“RSUs”) 377 428 Common stock retired (1,579 ) (1,735 ) Common stock, end of period 41,492 42,977

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Calculation of Basic and Diluted Earnings Per Share	The calculation of basic and diluted EPS was as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands, except per-share amounts) Basic EPS: Numerator: Net income $ 96,223 $ 85,139 $ 272,834 $ 237,550 Income attributable to unvested participating securities (415 ) (485 ) (1,251 ) (1,405 ) Net income used in calculating basic EPS $ 95,808 $ 84,654 $ 271,583 $ 236,145 Denominator: Weighted-average vested shares 41,964 43,452 42,420 44,081 Basic EPS $ 2.28 $ 1.95 $ 6.40 $ 5.36 Diluted EPS: Numerator: Net income $ 96,223 $ 85,139 $ 272,834 $ 237,550 Income attributable to unvested participating securities (413 ) (484 ) (1,248 ) (1,401 ) Net income used in calculating diluted EPS $ 95,810 $ 84,655 $ 271,586 $ 236,149 Denominator: Weighted-average vested shares 41,964 43,452 42,420 44,081 Dilutive effect of incremental shares to be issued for contingently-issuable shares 136 137 130 131 Weighted-average shares used in calculating diluted EPS 42,100 43,589 42,550 44,212 Diluted EPS $ 2.28 $ 1.94 $ 6.38 $ 5.34

Share-Based Transactions (Table

Share-Based Transactions (Tables)	9 Months Ended
	Sep. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Impacts of Equity Awards Granted	The impacts of equity awards granted are as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) Total equity awards expense recognized $ 2,070 $ 1,985 $ 15,056 $ 15,378 Quarterly incentive awards expense deferred 2,457 2,035 7,398 7,014

Other Comprehensive Income (Tab

Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The components of other comprehensive income (loss) ( “ ” Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) Foreign currency translation adjustments: Change in unrealized foreign currency translation gains (losses) before income taxes $ (4,009 ) $ 5,009 $ 8,799 $ (9,295 ) Income tax expense (benefit) on unrealized foreign currency translation gains (losses) - - - - Change in unrealized foreign currency translation gains (losses), net of income taxes $ (4,009 ) $ 5,009 $ 8,799 $ (9,295 ) Unrealized gain (losses) on available-for-sale securities: Change in unrealized holding gains (losses) arising during period before income taxes $ 12,304 $ (8,347 ) $ 93,329 $ (56,267 ) Income tax expense (benefit) on unrealized holding gains (losses) arising during period 2,582 (1,879 ) 19,991 (12,033 ) Change in unrealized holding gains (losses) on available-for-sale securities arising during period, net of income taxes 9,722 (6,468 ) 73,338 (44,234 ) … Reclassification from accumulated OCI to net income for (gains) losses realized on available-for-sale securities 542 755 517 92 Income tax (expense) benefit on (gains) losses reclassified from accumulated OCI to net income 114 159 109 19 Reclassification from accumulated OCI to net income for (gains) losses realized on available-for-sale securities, net of income taxes 428 596 408 73 Change in unrealized gains (losses) on available-for-sale securities, net of income taxes and reclassification adjustment $ 10,150 $ (5,872 ) $ 73,746 $ (44,161 )

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
	Sep. 30, 2019
Revenue From Contract With Customer [Abstract]
Summary of Disaggregation of Revenues from Contracts	The disaggregation of our revenues from contracts with customers were as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) Term Life Insurance segment revenues: Other, net $ 10,985 $ 10,615 $ 30,785 $ 31,943 Total segment revenues from contracts with customers 10,985 10,615 30,785 31,943 Revenues from sources other than contracts with customers 303,542 277,357 877,454 799,316 Total Term Life Insurance segment revenues $ 314,527 $ 287,972 $ 908,239 $ 831,259 Investment and Savings Products segment revenues: Commissions and fees Sales-based revenues $ 69,034 $ 64,181 $ 207,469 $ 192,949 Asset-based revenues 66,289 63,529 190,997 184,222 Account-based revenues 20,449 20,306 59,958 61,339 Other, net 2,661 2,464 7,517 7,223 Total segment revenues from contracts with customers 158,433 150,480 465,941 445,733 Revenues from sources other than contracts with customers (segregated funds) 14,720 14,789 42,968 44,418 Total Investment and Savings Products segment revenues $ 173,153 $ 165,269 $ 508,909 $ 490,151 Corporate and Other Distributed Products segment revenues: Commissions and fees (1) $ 9,227 $ 8,074 $ 24,110 $ 22,718 Other, net 1,052 1,280 3,444 3,881 Total segment revenues from contracts with customers 10,279 9,354 27,554 26,599 Revenues from sources other than contracts with customers 22,694 22,186 75,843 64,509 Total Corporate and Other Distributed Products segment revenues $ 32,973 $ 31,540 $ 103,397 $ 91,108 (1) Commissions and fees for the three and nine months ended September 30, 2019 to performance obligations satisfied in a previous reporting period and represent the collection of variable consideration in the transaction price that had been previously constrained.
Summary of Contract Asset Account	Activity in the contract asset account was as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (In thousands) (In thousands) Balance, beginning of period $ 50,467 $ 48,168 $ 50,119 (1) $ 48,533 Current period sales, net of collection of renewal commissions 1,207 657 1,555 292 Balance, at the end of period $ 51,674 $ 48,825 $ 51,674 $ 48,825

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Lessee Disclosure [Abstract]
Schedule of Components of Lease Expense	The components of lease expense were as follows: Three months ended September 30, Nine months ended September 30, 2019 2019 (In thousands) Operating lease cost Operating lease cost $ 1,904 $ 5,742 Variable lease cost (includes taxes, common area maintenance and insurance) 162 505 Finance lease cost Depreciation of finance lease assets 70 208 Interest on lease liabilities 11 33 Total lease cost $ 2,147 $ 6,488
Schedule of Other Information Related to Leases	Other information related to leases was as follows: Nine months ended September 30, 2019 (In thousands) Supplemental Cash Flows Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used in operating leases (1) $ 5,669 Operating cash flows used in finance leases (1) 38 Financing cash flows used in finance leases 211 September 30, 2019 Weighted Average Remaining Lease Term Operating leases 9 years Finance leases 3 years Weighted Average Discount Rate Operating leases 4.6 % Finance leases 6.2 % (1)
Schedule of Maturities of Operating and Liabilities Finance Leases	Future minimum lease payments under non-cancellable leases were as follows: Operating Leases Finance Leases Year Ended December 31, (In thousands) 2019 (excluding the nine months ended September 30, 2019) $ 1,985 $ 82 2020 7,397 313 2021 7,235 260 2022 7,229 92 2023 7,237 32 Thereafter 35,799 9 Total minimum rental commitments for operating leases 66,882 788 Less imputed interest 12,179 64 Total lease liabilities $ 54,703 $ 724
Schedule of Minimum Rental Commitments for Operating Leases	As of December 31, 2018, the minimum aggregate rental commitments for operating leases were as follows: December 31, 2018 (In thousands) 2019 $ 7,459 2020 7,174 2021 7,038 2022 7,120 2023 7,094 Thereafter 34,901 Total minimum rental commitments for operating leases $ 70,786

Description of Business, Basi_3

Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Thousands	Jan. 01, 2019	Sep. 30, 2019
Organization Consolidation Basis Of Presentation Business Description And Accounting Policies [Line Items]
Operating Lease, Right-of-Use Asset		$ 48,442
Operating Lease, Liability		$ 54,703
Accounting Standards Update 2016-02 [Member]
Organization Consolidation Basis Of Presentation Business Description And Accounting Policies [Line Items]
Cumulative effect from the adoption of new accounting standards, net	$ 0
Operating Lease, Right-of-Use Asset	52,700
Operating Lease, Liability	$ 52,700
Accounting Standards Update 2016-02 [Member] | Maximum [Member]
Organization Consolidation Basis Of Presentation Business Description And Accounting Policies [Line Items]
Percentage of total assets and total liabilities impacted by adopting new accounting standard	1.00%

Segment and Geographical Info_3

Segment and Geographical Information - Narrative (Details)	9 Months Ended
	Sep. 30, 2019Segment
Segment Reporting [Abstract]
Number of operating segments	2

Segment and Geographical Info_4

Segment and Geographical Information - Summary of Assets and Profit or Loss by Segment (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Revenues		$ 520,653	$ 484,781	$ 1,520,545	$ 1,412,518
Net investment income		22,675	20,622	71,655	59,669
Amortization of deferred policy acquisition costs		63,883	59,534	187,273	173,546
Non-cash share-based compensation expense		2,070	1,985	15,069	15,378
Income (loss) before income taxes		125,139	111,435	354,967	308,160
Assets		13,451,734		13,451,734		$ 12,595,048
Term Life Insurance Segment [Member]
Segment Reporting Information [Line Items]
Revenues		314,527	287,972	908,239	831,259
Net investment income		5,123	3,506	14,303	9,841
Amortization of deferred policy acquisition costs		61,548	56,904	181,792	164,834
Non-cash share-based compensation expense		572	646	3,061	3,612
Income (loss) before income taxes		83,760	74,337	238,099	209,787
Assets		6,503,506		6,503,506		6,322,555
Investment and Savings Products Segment [Member]
Segment Reporting Information [Line Items]
Revenues		173,153	165,269	508,909	490,151
Amortization of deferred policy acquisition costs		2,044	2,349	4,622	7,870
Non-cash share-based compensation expense		660	581	2,780	2,099
Income (loss) before income taxes		48,795	45,052	138,821	128,265
Assets	[1]	2,556,622		2,556,622		2,298,238
Corporate and Other Distributed Products Segment [Member]
Segment Reporting Information [Line Items]
Revenues		32,973	31,540	103,397	91,108
Net investment income		17,552	17,116	57,352	49,828
Amortization of deferred policy acquisition costs		291	281	859	842
Non-cash share-based compensation expense		838	758	9,228	9,667
Income (loss) before income taxes		(7,416)	$ (7,954)	(21,953)	$ (29,892)
Assets		$ 4,391,606		$ 4,391,606		$ 3,974,255
[1]	The Investment and Savings Products segment includes assets held in separate accounts. Excluding separate accounts, the Investment and Savings Products segment assets were $128.8 million and $102.8 million as of September 30, 2019 and December 31, 2018, respectively.

Segment and Geographical Info_5

Segment and Geographical Information - Summary of Assets and Profit or Loss by Segment (Parenthetical) (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Investment and Savings Products Segment [Member]
Segment Reporting Information [Line Items]
Assets, excluding separate account assets	$ 128.8	$ 102.8

Segment and Geographical Info_6

Segment and Geographical Information - Long Lived Assets and Continuing Operations by Country (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Revenues From External Customers And Long Lived Assets [Line Items]
Revenues	$ 520,653	$ 484,781	$ 1,520,545	$ 1,412,518
Income (loss) before income taxes	125,139	111,435	354,967	308,160
Long-lived assets	41,475		41,475		$ 35,996
United States [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Revenues	443,883	411,998	1,293,971	1,191,502
Income (loss) before income taxes	104,033	91,793	291,491	249,106
Long-lived assets	36,500		36,500		30,999
Canada [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Revenues	76,770	72,783	226,574	221,016
Income (loss) before income taxes	21,106	$ 19,642	63,476	$ 59,054
Long-lived assets	$ 4,975		$ 4,975		$ 4,997

Investments - Schedule of Avail

Investments - Schedule of Available-for-sale Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2019		Dec. 31, 2018
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale debt securities, amortized cost basis	$ 2,207,601		$ 2,086,993
Available-for-sale debt securities gross unrealized gain	86,842		20,997
Available-for-sale debt securities, gross unrealized loss	(2,183)		(30,184)
Available-for-sale debt securities, at fair value	2,292,260		2,077,806
Fixed-maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale debt securities, amortized cost basis	2,207,601	[1]	2,078,822	[2]
Available-for-sale debt securities gross unrealized gain	86,842	[1]	20,997	[2]
Available-for-sale debt securities, gross unrealized loss	(2,183)	[1]	(30,184)	[2]
Available-for-sale debt securities, at fair value	2,292,260	[1]	2,069,635	[2]
Short-term Investments [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale debt securities, amortized cost basis	0		8,171
Available-for-sale debt securities, at fair value			8,171
U.S. Government and Agencies [Member] | Fixed-maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale debt securities, amortized cost basis	11,367		12,115
Available-for-sale debt securities gross unrealized gain	324		176
Available-for-sale debt securities, gross unrealized loss	(2)		(58)
Available-for-sale debt securities, at fair value	11,689		12,233
Foreign Government [Member] | Fixed-maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale debt securities, amortized cost basis	152,691		155,723
Available-for-sale debt securities gross unrealized gain	7,581		3,347
Available-for-sale debt securities, gross unrealized loss	(89)		(958)
Available-for-sale debt securities, at fair value	160,183		158,112
States and Political Subdivisions [Member] | Fixed-maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale debt securities, amortized cost basis	92,549		59,075
Available-for-sale debt securities gross unrealized gain	3,848		1,202
Available-for-sale debt securities, gross unrealized loss	(100)		(271)
Available-for-sale debt securities, at fair value	96,297		60,006
Corporates [Member] | Fixed-maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale debt securities, amortized cost basis	1,468,933		1,447,075
Available-for-sale debt securities gross unrealized gain	63,189		11,916
Available-for-sale debt securities, gross unrealized loss	(1,754)		(24,773)
Available-for-sale debt securities, at fair value	1,530,368		1,434,218
Residential Mortgage-backed Securities [Member] | Fixed-maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale debt securities, amortized cost basis	252,328		191,245
Available-for-sale debt securities gross unrealized gain	6,630		2,439
Available-for-sale debt securities, gross unrealized loss	(107)		(1,733)
Available-for-sale debt securities, at fair value	258,851		191,951
Commercial Mortgage-backed Securities [Member] | Fixed-maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale debt securities, amortized cost basis	129,179		131,279
Available-for-sale debt securities gross unrealized gain	4,270		1,712
Available-for-sale debt securities, gross unrealized loss	(85)		(1,636)
Available-for-sale debt securities, at fair value	133,364		131,355
Other Asset-backed Securities [Member] | Fixed-maturity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale debt securities, amortized cost basis	100,554		82,310
Available-for-sale debt securities gross unrealized gain	1,000		205
Available-for-sale debt securities, gross unrealized loss	(46)		(755)
Available-for-sale debt securities, at fair value	$ 101,508		$ 81,760
[1]	Includes $0.1 million of other-than-temporary impairment (“OTTI”) losses related to corporates and mortgage- and asset-backed securities recognized in accumulated other comprehensive income (loss).
[2]	Includes $0.1 million of OTTI losses related to corporates and mortgage- and asset-backed securities recognized in accumulated other comprehensive income (loss).

Investments - Schedule of Ava_2

Investments - Schedule of Available-for-sale Securities (Parenthetical) (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Asset-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Other-than-temporary impairment losses, investments, portion in other comprehensive income (loss)	$ 0.1	$ 0.1

Investments - Fixed-maturity Se

Investments - Fixed-maturity Securities Classified by Contractual Maturity Date (Details) - USD ($) $ in Thousands	Sep. 30, 2019		Dec. 31, 2018
Available-for-sale Securities, Debt Maturities [Abstract]
Available-for-sale debt securities, amortized cost basis	$ 2,207,601		$ 2,086,993
Total AFS fixed-maturity securities	2,292,260		2,077,806
Fixed-maturity Securities [Member]
Available-for-sale Securities, Debt Maturities [Abstract]
Due in one year or less, amortized cost	243,943
Due after one year through five years, amortized cost	897,406
Due after five years through 10 years, amortized cost	480,264
Due after 10 years, amortized cost	103,927
Total fixed-maturity securities with single maturity dates, amortized cost	1,725,540
Mortgage and asset-backed securities, amortized cost	482,061
Available-for-sale debt securities, amortized cost basis	2,207,601	[1]	2,078,822	[2]
Due in one year or less, fair value	245,381
Due after one year through five years, fair value	928,982
Due after five years through 10 years, fair value	510,642
Due after 10 years, fair value	113,532
Total fixed-maturity securities with single maturity dates, fair value	1,798,537
Mortgage and asset-backed securities, fair value	493,723
Total AFS fixed-maturity securities	$ 2,292,260	[1]	$ 2,069,635	[2]
[1]	Includes $0.1 million of other-than-temporary impairment (“OTTI”) losses related to corporates and mortgage- and asset-backed securities recognized in accumulated other comprehensive income (loss).
[2]	Includes $0.1 million of OTTI losses related to corporates and mortgage- and asset-backed securities recognized in accumulated other comprehensive income (loss).

Investments - Net Effect on Sto

Investments - Net Effect on Stockholders' Equity of Unrealized Gains and Losses on Available-for-sale Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax [Abstract]
Net unrealized investment gains (losses) on available-for-sale securities including OTTI, Available-for-sale securities	$ 84,659	$ (9,187)
OTTI	58	147
Net unrealized investment gains (losses) on available-for-sale securities excluding OTTI	84,717	(9,040)
Deferred income taxes	(18,295)	1,787
Net unrealized investment gains (losses) on available-for-sale securities excluding OTTI, net of tax	$ 66,422	$ (7,253)

Investments - Costs and Fair Va

Investments - Costs and Fair Value of Securities Classified as Trading Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Total trading securities, cost	$ 13,581	$ 13,597
Total trading securities, Fair value	13,616	13,610
Fixed-maturity Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Total trading securities, cost	13,581	13,597
Total trading securities, Fair value	$ 13,616	$ 13,610

Investments - Held-to-maturity

Investments - Held-to-maturity Security - Narrative (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Schedule Of Held To Maturity Securities [Line Items]
Held-to-maturity debt security estimated unrealized holding gain	$ 103.7
LLC Note [Member]
Schedule Of Held To Maturity Securities [Line Items]
Debt instrument, maturity date	Dec. 31, 2030
Debt instrument, interest rate, stated percentage	4.50%
Surplus Note [Member]
Schedule Of Held To Maturity Securities [Line Items]
Debt instrument, maturity date	Dec. 31, 2030
Debt instrument, interest rate, stated percentage	4.50%

Investments - Fair Value of Inv

Investments - Fair Value of Investments on Deposit with Governmental Authorities - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Investments Debt And Equity Securities [Abstract]
Fair values of investments on deposit	$ 7.5	$ 10.1

Investments - Securities Lendin

Investments - Securities Lending Collateral - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Securities Received as Collateral [Abstract]
Securities loaned, minimum collateral to loan ratio	102.00%
Securities loaned, additional collateral requirement, decline in collateral value threshold percentage	100.00%
Cash collateral received and reinvested	$ 39.9	$ 52.6

Investments - Net Investment In

Investments - Net Investment Income (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Schedule of Net Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income, operating		$ 37,661	$ 32,365	$ 113,443	$ 92,618
Investment expenses		(2,217)	(2,151)	(6,576)	(5,931)
Investment income net of investment expenses		35,444	30,214	106,867	86,687
Interest expense on surplus note		(12,769)	(9,592)	(35,212)	(27,018)
Net investment income		22,675	20,622	71,655	59,669
Equity Securities [Member]
Schedule of Net Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income, operating		448	482	1,381	1,461
Policy Loans and Other Invested Assets [Member]
Schedule of Net Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income, operating		234	247	854	811
Cash and Cash Equivalents [Member]
Schedule of Net Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income, operating		1,191	808	3,808	2,273
Total return on deposit asset underlying 10% insurance agreement [Member]
Schedule of Net Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income, operating	[1]	2,639	1,094	11,130	1,882
Available-for-Sale [Member] | Fixed-maturity Securities [Member]
Schedule of Net Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income, operating		20,380	20,142	61,058	59,173
Held-to-Maturity [Member] | Fixed-maturity Securities [Member]
Schedule of Net Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income, operating		$ 12,769	$ 9,592	$ 35,212	$ 27,018
[1]	10%

Investments - Net Investment _2

Investments - Net Investment Income (Parenthetical) (Details) - Deposit asset underlying 10% coinsurance agreement [Member] - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019
Schedule of Net Investment Income, Reported Amounts, by Category [Line Items]
Gains (Losses) recognized for change in fair value of deposit asset underlying the 10% coinsurance agreement	$ 0.5	$ (0.3)	$ 5.1	$ (2)
Percentage of coinsurance costs	10.00%	10.00%	10.00%	10.00%	10.00%

Investments - Schedule of Net R

Investments - Schedule of Net Realized Investment Gains and Losses Recognized in Net Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Realized Investment Gains Losses [Abstract]
Gross gains from sales of available-for-sale securities	$ 523	$ 238	$ 994	$ 1,025
Gross losses from sales of available-for-sale securities	(1)	(944)	(286)	(965)
OTTI losses of available-for-sale securities	(1,064)	(49)	(1,225)	(152)
Net gains (losses) recognized in net income during the period on equity securities	813	739	4,692	(668)
Gains (losses) from bifurcated options	14	(110)	14	290
Gains (losses) on trading securities			11
Net realized investment gains (losses), including other-than- temporary impairment losses	$ 285	$ (126)	$ 4,200	$ (470)

Investments - Schedule of Proce

Investments - Schedule of Proceeds from Sales or Other Redemptions of Available-For-Sale Securities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Proceeds From Sale And Maturity Of Available For Sale Securities [Abstract]
Proceeds from sales or other redemptions	$ 106,177	$ 83,346	$ 347,071	$ 323,609

Investments - Schedule of Unrea

Investments - Schedule of Unrealized Net Gains (Losses) Recognized in NI on Equity Securities Still Held at Period-End (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Realized Investment Gains Losses [Abstract]
Net gains (losses) recognized on equity securities	$ 813	$ 739	$ 4,692	$ (668)
Less: Net gains (losses) recognized on equity securities sold		1	(254)	(48)
Net gains (losses) recognized in net income on equity securities still held as of period-end	$ 813	$ 738	$ 4,946	$ (620)

Investments - Available-for-sal

Investments - Available-for-sale Securities with Cost Basis in Excess of Fair Value - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Investments Debt And Equity Securities [Abstract]
Available-for-sale fixed-maturities with cost basis in excess of fair values, cost basis	$ 195.2	$ 1,239.6

Investments - Schedule of Secur

Investments - Schedule of Securities in Unrealized Loss Position (Details) - Fixed-maturity Securities [Member] $ in Thousands	Sep. 30, 2019USD ($)Securities	Dec. 31, 2018USD ($)Securities
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value	$ 118,609	$ 584,735
Available-for-sale securities, continuous unrealized loss position, less than 12 months, aggregate losses	(684)	(11,281)
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, fair value	74,370	624,675
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, aggregate losses	(1,499)	(18,903)
U.S. Government and Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value	999	1,668
Available-for-sale securities, continuous unrealized loss position, less than 12 months, aggregate losses	$ (1)	$ (10)
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions, less than one year | Securities	1	1
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, fair value	$ 1,664	$ 4,541
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, aggregate losses	$ (1)	$ (48)
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions, greater than or equal to one year | Securities	2	6
Foreign Government [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value	$ 4,636	$ 7,326
Available-for-sale securities, continuous unrealized loss position, less than 12 months, aggregate losses	$ (16)	$ (170)
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions, less than one year | Securities	6	7
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, fair value	$ 9,551	$ 52,086
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, aggregate losses	$ (73)	$ (788)
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions, greater than or equal to one year | Securities	9	54
States and Political Subdivisions [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value	$ 9,226	$ 2,644
Available-for-sale securities, continuous unrealized loss position, less than 12 months, aggregate losses	$ (85)	$ (9)
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions, less than one year | Securities	3	3
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, fair value	$ 5,590	$ 23,324
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, aggregate losses	$ (15)	$ (262)
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions, greater than or equal to one year | Securities	6	20
Corporates [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value	$ 59,817	$ 489,880
Available-for-sale securities, continuous unrealized loss position, less than 12 months, aggregate losses	$ (439)	$ (10,649)
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions, less than one year | Securities	44	396
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, fair value	$ 34,551	$ 360,516
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, aggregate losses	$ (1,315)	$ (14,124)
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions, greater than or equal to one year | Securities	33	321
Residential Mortgage-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value	$ 32,282	$ 32,725
Available-for-sale securities, continuous unrealized loss position, less than 12 months, aggregate losses	$ (93)	$ (86)
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions, less than one year | Securities	17	14
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, fair value	$ 1,809	$ 71,308
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, aggregate losses	$ (14)	$ (1,647)
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions, greater than or equal to one year | Securities	2	41
Commercial Mortgage-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value	$ 2,944	$ 31,129
Available-for-sale securities, continuous unrealized loss position, less than 12 months, aggregate losses	$ (11)	$ (173)
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions, less than one year | Securities	4	20
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, fair value	$ 18,276	$ 78,911
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, aggregate losses	$ (74)	$ (1,463)
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions, greater than or equal to one year | Securities	25	77
Other Asset-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value	$ 8,705	$ 19,363
Available-for-sale securities, continuous unrealized loss position, less than 12 months, aggregate losses	$ (39)	$ (184)
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions, less than one year | Securities	25	35
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, fair value	$ 2,929	$ 33,989
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, aggregate losses	$ (7)	$ (571)
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions, greater than or equal to one year | Securities	10	41

Investments - Amortized Cost an

Investments - Amortized Cost and Fair Value of Available-for-sale Fixed-maturity Securities in Default (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Investments Debt And Equity Securities [Abstract]
Available-for-sale fixed-maturity securities in default, amortized cost		$ 3
Available-for-sale fixed-maturity securities in default, fair value	$ 217	$ 227

Investments - OTTI in Earnings

Investments - OTTI in Earnings on Available-for-sale Securities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
OTTI recognized in earnings	$ 1,064	$ 49	$ 1,225	$ 152
Fixed-maturity Securities [Member] | Investments in fixed-maturity securities not in default [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
OTTI recognized in earnings	$ 1,064	$ 49	1,222	$ 152
Fixed-maturity Securities [Member] | Investments in fixed-maturity securities in default [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
OTTI recognized in earnings			$ 3

Investments - Schedule of OTTI

Investments - Schedule of OTTI Recognized in Earnings for Available-for-sale Securities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Total OTTI losses recognized	$ 1,064	$ 49	$ 1,225	$ 152
OTTI recognized in earnings	1,064	49	1,225	152
Does not intend to sell or more-likely-than-not will not be required to sell [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Total OTTI losses recognized		49	3	152
OTTI recognized in earnings		$ 49	3	$ 152
Intends to sell or more-likely-than-not will be required to sell before recovery [Member]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
OTTI recognized in earnings	$ 1,064		$ 1,222

Investments - Rollforward of OT

Investments - Rollforward of OTTI Recognized in Net Income, Fixed-maturity Securities Still Held (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Other than Temporary Impairment, OTTI Recognized in Earnings [Roll Forward]
Cumulative OTTI recognized in net income for securities still held, beginning of period	$ 2,407	$ 3,294	$ 2,511	$ 4,346
Additions for securities where no OTTI were recognized prior to the beginning of the period	968		1,126
Additions for securities where OTTI have been recognized prior to the beginning of the period	96	49	99	152
Reductions due to sales, maturities, calls, amortization or increases in cash flows expected to be collected over the remaining life of credit-impaired securities	(209)	(578)	(474)	(1,733)
Cumulative OTTI recognized in net income for securities still held, end of period	$ 3,262	$ 2,765	$ 3,262	$ 2,765

Investments - Impairment Losses

Investments - Impairment Losses on Held-to-maturity Security - Narrative (Details)	9 Months Ended
	Sep. 30, 2019USD ($)
Investments Debt And Equity Securities [Abstract]
Cumulative impairment loss held-to-maturity security	$ 0

Investments - Loss from Closed

Investments - Loss from Closed Currency Forward Contracts Recorded in Accumulated Other Comprehensive Income (Loss) - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net [Abstract]
Deferred loss related to closed forward contracts	$ (26.4)	$ (26.4)

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total available-for-sale fixed-maturity securities	$ 2,292,260	$ 2,077,806
Equity securities	40,081	37,679
Separate accounts assets	2,427,852	2,195,501
Separate accounts liabilities	$ 2,427,852	2,195,501
Fair value assumptions, percentage of securities assessed by third-party pricing service	95.00%
Fair Value, Recurring Measurements [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total available-for-sale securities	$ 2,292,260	2,077,806
Equity securities	40,081	37,679
Trading securities	13,616	13,610
Separate accounts assets	2,427,852	2,195,501
Assets, fair value disclosure	4,773,809	4,324,596
Separate accounts liabilities	2,427,852	2,195,501
Liabilities, fair value disclosure	2,427,852	2,195,501
Fair Value, Recurring Measurements [Member] | Level 1 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total available-for-sale securities	3,265	2,869
Equity securities	38,864	36,473
Assets, fair value disclosure	42,129	39,342
Fair Value, Recurring Measurements [Member] | Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total available-for-sale securities	2,288,349	2,074,202
Equity securities	1,065	1,020
Trading securities	13,616	13,610
Separate accounts assets	2,427,852	2,195,501
Assets, fair value disclosure	4,730,882	4,284,333
Separate accounts liabilities	2,427,852	2,195,501
Liabilities, fair value disclosure	2,427,852	2,195,501
Fair Value, Recurring Measurements [Member] | Level 3 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total available-for-sale securities	646	735
Equity securities	152	186
Assets, fair value disclosure	798	921
Fair Value, Recurring Measurements [Member] | U.S. Government and Agencies [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total available-for-sale fixed-maturity securities	11,689	12,233
Fair Value, Recurring Measurements [Member] | U.S. Government and Agencies [Member] | Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total available-for-sale fixed-maturity securities	11,689	12,233
Fair Value, Recurring Measurements [Member] | Foreign Government [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total available-for-sale fixed-maturity securities	160,183	158,112
Fair Value, Recurring Measurements [Member] | Foreign Government [Member] | Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total available-for-sale fixed-maturity securities	160,183	158,112
Fair Value, Recurring Measurements [Member] | States and Political Subdivisions [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total available-for-sale fixed-maturity securities	96,297	60,006
Fair Value, Recurring Measurements [Member] | States and Political Subdivisions [Member] | Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total available-for-sale fixed-maturity securities	96,297	60,006
Fair Value, Recurring Measurements [Member] | Corporates [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total available-for-sale fixed-maturity securities	1,530,368	1,434,218
Fair Value, Recurring Measurements [Member] | Corporates [Member] | Level 1 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total available-for-sale fixed-maturity securities	3,265	2,869
Fair Value, Recurring Measurements [Member] | Corporates [Member] | Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total available-for-sale fixed-maturity securities	1,527,103	1,431,346
Fair Value, Recurring Measurements [Member] | Corporates [Member] | Level 3 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total available-for-sale fixed-maturity securities		3
Fair Value, Recurring Measurements [Member] | Residential Mortgage-backed Securities [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total available-for-sale fixed-maturity securities	258,851	191,951
Fair Value, Recurring Measurements [Member] | Residential Mortgage-backed Securities [Member] | Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total available-for-sale fixed-maturity securities	258,824	191,720
Fair Value, Recurring Measurements [Member] | Residential Mortgage-backed Securities [Member] | Level 3 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total available-for-sale fixed-maturity securities	27	231
Fair Value, Recurring Measurements [Member] | Commercial Mortgage-backed Securities [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total available-for-sale fixed-maturity securities	133,364	131,355
Fair Value, Recurring Measurements [Member] | Commercial Mortgage-backed Securities [Member] | Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total available-for-sale fixed-maturity securities	133,364	131,355
Fair Value, Recurring Measurements [Member] | Other Asset-backed Securities [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total available-for-sale fixed-maturity securities	101,508	81,760
Fair Value, Recurring Measurements [Member] | Other Asset-backed Securities [Member] | Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total available-for-sale fixed-maturity securities	100,889	81,259
Fair Value, Recurring Measurements [Member] | Other Asset-backed Securities [Member] | Level 3 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total available-for-sale fixed-maturity securities	$ 619	501
Fair Value, Recurring Measurements [Member] | Short-term Investments [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total available-for-sale fixed-maturity securities		8,171
Fair Value, Recurring Measurements [Member] | Short-term Investments [Member] | Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total available-for-sale fixed-maturity securities		$ 8,171

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Rollforward of Level 3 Assets Measured on Recurring Basis (Details) - Fair Value, Recurring Measurements [Member] - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019		Sep. 30, 2018
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Level 3 assets, beginning of period		$ 1,026	$ 516	$ 921	[1]	$ 567	[1]
Net unrealized gains (losses) included in other comprehensive income		(1)	(4)	(14)	[1]	(17)	[1]
Realized gains (losses) and accretion (amortization) recognized in earnings, including OTTI		(11)	2	(35)	[1]	47	[1]
Settlements		(216)	(43)	(412)	[1]	(126)	[1]
Transfers into Level 3	[1]			836
Transfers out of Level 3	[1],[2]			(498)
Level 3 assets, end of period	[1]	$ 798	$ 471	$ 798		$ 471
[1]	Activities for investments that enter Level 3 in one quarter and exit Level 3 in another quarter within the same fiscal year are not eliminated until year-end when only the full year amounts are presented.
[2]	Transfers out of Level 3 assets primarily consisted of newly issued fixed-maturity securities in the previous period for which observable inputs, most notably quoted prices, used to derive valuations became readily available.

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Fair value security, level 1 to level 2 transfers, amount	$ 0	$ 0	$ 0	$ 0
Fair Value security, level 1 to level 3 transfers, amount	$ 0	$ 0	$ 0	$ 0

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Carrying Values and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands		Sep. 30, 2019	Dec. 31, 2018
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale debt securities, at fair value		$ 2,292,260	$ 2,077,806
Fixed-maturity security held to maturity, fair value		1,243,938	945,331
Equity securities		40,081	37,679
Separate accounts assets		2,427,852	2,195,501
Surplus note		1,139,592	969,685
Separate accounts liabilities		2,427,852	2,195,501
Fixed-maturity security (held-to-maturity)		1,140,250	970,390
Short-term Investments [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale debt securities, at fair value			8,171
Reported Value Measurement [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale debt securities, at fair value		2,292,260	2,069,635
Equity securities		40,081	37,679
Trading securities		13,616	13,610
Separate accounts assets		2,427,852	2,195,501
Separate accounts liabilities		2,427,852	2,195,501
Reported Value Measurement [Member] | Short-term Investments [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale debt securities, at fair value			8,171
Reported Value Measurement [Member] | Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Policy loans	[1]	33,982	31,501
Surplus note	[1],[2]	1,139,592	969,685
Fixed-maturity security (held-to-maturity)	[1]	1,140,250	970,390
Reported Value Measurement [Member] | Level 3 [Member] | Deposits [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Deposit asset underlying 10% coinsurance agreement	[1]	233,024	228,974
Reported Value Measurement [Member] | Senior Notes [Member] | Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Notes payable	[2],[3]	373,942	373,661
Estimate of Fair Value Measurement [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale debt securities, at fair value		2,292,260	2,069,635
Equity securities		40,081	37,679
Trading securities		13,616	13,610
Separate accounts assets		2,427,852	2,195,501
Separate accounts liabilities		2,427,852	2,195,501
Estimate of Fair Value Measurement [Member] | Short-term Investments [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available-for-sale debt securities, at fair value			8,171
Estimate of Fair Value Measurement [Member] | Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed-maturity security held to maturity, fair value	[1]	1,243,938	945,331
Policy loans	[1]	33,982	31,501
Surplus note	[1],[2]	1,242,870	945,331
Estimate of Fair Value Measurement [Member] | Level 3 [Member] | Deposits [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Deposit asset underlying 10% coinsurance agreement	[1]	233,024	228,974
Estimate of Fair Value Measurement [Member] | Senior Notes [Member] | Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Notes payable	[2],[3]	$ 397,197	$ 384,909
[1]	Classified as a Level 3 fair value measurement.
[2]	Carrying value amounts shown are net of issuance costs
[3]	Classified as a Level 2 fair value measurement.

Fair Value of Financial Instr_7

Fair Value of Financial Instruments - Carrying Values and Estimated Fair Values of Financial Instruments (Parenthetical) (Details)	Sep. 30, 2019	Dec. 31, 2018
Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Percentage of coinsurance costs	10.00%	10.00%

Reinsurance - In-force Life Ins

Reinsurance - In-force Life Insurance (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Reinsurance Disclosures [Abstract]
Direct life insurance in force	$ 804,289,157	$ 783,979,673
Amounts ceded to other companies	(697,994,589)	(682,708,797)
Net life insurance in force	$ 106,294,568	$ 101,270,876
Percentage of reinsured life insurance in force	87.00%	87.00%

Reinsurance - Reinsurance Recov

Reinsurance - Reinsurance Recoverables and Financial Strength Ratings by Reinsurer (Details) - USD ($) $ in Thousands		Sep. 30, 2019	Dec. 31, 2018
Ceded Credit Risk [Line Items]
Reinsurance recoverables		$ 4,166,362	$ 4,141,569
Pecan Re Inc [Member] | External credit rating, not rated [Member]
Ceded Credit Risk [Line Items]
Reinsurance recoverables	[1],[2]	2,715,370	2,701,326
SCOR Global Life Reinsurance Companies [Member] | AM Best, A+ Rating [Member]
Ceded Credit Risk [Line Items]
Reinsurance recoverables	[3]	348,255	348,109
Munich Re of Malta [Member] | External credit rating, not rated [Member]
Ceded Credit Risk [Line Items]
Reinsurance recoverables	[2],[4]	282,776	276,154
Swiss Re Life & Health America Inc. [Member] | AM Best, A+ Rating [Member]
Ceded Credit Risk [Line Items]
Reinsurance recoverables	[5]	224,560	234,643
American Health and Life Insurance Company [Member] | AM Best, B Rating [Member]
Ceded Credit Risk [Line Items]
Reinsurance recoverables	[2]	167,999	170,628
Munich American Reassurance Company [Member] | AM Best, A+ Rating [Member]
Ceded Credit Risk [Line Items]
Reinsurance recoverables		118,599	114,604
Korean Reinsurance Company [Member] | AM Best, A Rating [Member]
Ceded Credit Risk [Line Items]
Reinsurance recoverables		107,209	104,101
RGA Reinsurance Company [Member] | AM Best, A+ Rating [Member]
Ceded Credit Risk [Line Items]
Reinsurance recoverables		96,372	90,989
Hannover Life Reassurance Company [Member] | AM Best, A+ Rating [Member]
Ceded Credit Risk [Line Items]
Reinsurance recoverables		32,544	31,729
TOA Reinsurance Company [Member] | AM Best, A Rating [Member]
Ceded Credit Risk [Line Items]
Reinsurance recoverables		26,912	25,434
All Other Reinsurers [Member]
Ceded Credit Risk [Line Items]
Reinsurance recoverables		$ 45,766	$ 43,852
[1]	Pecan Re Inc. is a wholly owned subsidiary of Swiss Re Life & Health America Inc.
[2]	Reinsurance recoverables includes balances ceded under coinsurance transactions of term life insurance policies that were in force as of December 31, 2009. Amounts shown are net of their share of the reinsurance recoverables from other reinsurers.
[3]	Includes amounts ceded to Transamerica Reinsurance Companies and fully retroceded to SCOR Global Life Reinsurance Companies.
[4]	This entity is rated AA- by S&P.
[5]	Includes amounts ceded to Lincoln National Life Insurance and fully

Reinsurance - Narrative (Detail

Reinsurance - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Reinsurance Disclosures [Abstract]
Benefits and claims ceded to reinsurers	$ 321.5	$ 310.8	$ 981.5	$ 964

Policy Claims and Other Benef_3

Policy Claims and Other Benefits Payable - Schedule of Liability For Policy Claims and Other Benefits Payable (Details) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018
Roll Forward In Liability For Unpaid Claims And Claims Adjustment Expense [Abstract]
Policy claims and other benefits payable, beginning of period		$ 313,862	$ 307,401
Reinsured policy claims and other benefits payable, beginning of period		318,653	322,137
Net balance, beginning of period		(4,791)	(14,736)
Incurred related to current year		139,794	131,862
Incurred related to prior years	[1]	(991)	(1,755)
Total incurred		138,803	130,107
Claims paid related to current year, net of reinsured policy claims received		(201,858)	(194,564)
Reinsured policy claims received related to prior years, net of claims paid		13,159	21,889
Total paid		(188,699)	(172,675)
Foreign currency translation		216	(166)
Net balance, end of period		(54,471)	(57,470)
Reinsured policy claims and other benefits payable, end of period		371,007	345,110
Policy claims and other benefits payable, end of period		$ 316,535	$ 287,640
[1]	Inclu des the difference between our estimate of claims incurred but not yet reported as of period-end and the actual incurred claims reported after period-end.

Stockholders' Equity - Reconcil

Stockholders' Equity - Reconciliation of Number of Shares of Common Stock (Details) - shares	8 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018
Stockholders Equity Note [Abstract]
Common stock, beginning of period		42,694,000	44,251,000
Shares issued for stock options exercised			33,000
Shares of common stock issued upon lapse of restricted stock units (“RSUs”)		377,000	428,000
Common stock retired	(1,522,689)	(1,579,000)	(1,735,000)
Common stock, end of period	41,492,000	41,492,000	42,977,000

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - USD ($)	8 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018	Feb. 07, 2019
Class Of Stock [Line Items]
Stock repurchased program, authorized amount				$ 275,000,000
Stock repurchased and retired during period, shares	1,522,689	1,579,000	1,735,000
Stock repurchased and retired during period, value	$ 181,100,000
Stock repurchase program, remaining authorized repurchase amount	$ 93,900,000	$ 93,900,000
Restricted stock units (RSUs) [Member]
Class Of Stock [Line Items]
Share-based compensation arrangement by share-based payment award, non-option equity instruments, outstanding, number	392,416	392,416
Performance share units (PSUs) [Member]
Class Of Stock [Line Items]
Share-based compensation arrangement by share-based payment award, non-option equity instruments, outstanding, number	92,108	92,108

Earnings Per Share - Calculatio

Earnings Per Share - Calculation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
Net income	$ 96,223	$ 85,139	$ 272,834	$ 237,550
Income attributable to unvested participating securities, basic EPS	(415)	(485)	(1,251)	(1,405)
Net income used in calculating basic EPS	$ 95,808	$ 84,654	$ 271,583	$ 236,145
Weighted-average vested shares	41,964	43,452	42,420	44,081
Basic EPS	$ 2.28	$ 1.95	$ 6.40	$ 5.36
Income attributable to unvested participating securities, diluted EPS	$ (413)	$ (484)	$ (1,248)	$ (1,401)
Net income used in calculating diluted EPS	$ 95,810	$ 84,655	$ 271,586	$ 236,149
Dilutive effect of incremental shares to be issued for contingently-issuable shares	136	137	130	131
Weighted-average shares used in calculating diluted EPS	42,100	43,589	42,550	44,212
Diluted EPS	$ 2.28	$ 1.94	$ 6.38	$ 5.34

Share-Based Transactions - Impa

Share-Based Transactions - Impact of Equity Awards Granted (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total equity awards expense recognized	$ 2,070	$ 1,985	$ 15,056	$ 15,378
Expense Deferred [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Quarterly incentive awards expense deferred	$ 2,457	$ 2,035	$ 7,398	$ 7,014

Share-Based Transactions - Narr

Share-Based Transactions - Narrative (Details) - $ / shares	Feb. 26, 2019	Feb. 26, 2018
Restricted stock units (RSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares awarded	73,817
Measurement date fair value	$ 122.62
Share-based compensation arrangement by share-based payment award, award vesting period	3 years
Performance share units (PSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares awarded		25,483
Measurement date fair value		$ 122.62
Share-based compensation arrangement by share-based payment award, award vesting period		3 years
Performance share units (PSUs) [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of PSUs vested during the period		38,224
Performance share units (PSUs) [Member] | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of PSUs vested during the period		0

Commitments and Contingent Li_2

Commitments and Contingent Liabilities - Narrative (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)Jurisdiction
Commitments And Contingent Liabilities [Line Items]
Number of jurisdiction | Jurisdiction	30
Letter of Credit [Member]
Commitments And Contingent Liabilities [Line Items]
Letter of credit, outstanding | $	$ 260.8

Other Comprehensive Income (Det

Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Foreign currency translation adjustments:
Change in unrealized foreign currency translation gains (losses)	$ (4,009)	$ 5,009	$ 8,799	$ (9,295)
Change in unrealized foreign currency translation gains (losses), net of income taxes	(4,009)	5,009	8,799	(9,295)
Unrealized gain (losses) on available-for-sale securities:
Change in unrealized holding gains (losses) arising during period before income taxes	12,304	(8,347)	93,329	(56,267)
Income tax expense (benefit) on unrealized holding gains (losses) arising during period	2,582	(1,879)	19,991	(12,033)
Change in unrealized holding gains (losses) on available-for-sale securities arising during period, net of income taxes	9,722	(6,468)	73,338	(44,234)
Reclassification adjustment for realized investment (gains) losses included in net income	542	755	517	92
Income tax (expense) benefit on (gains) losses reclassified from accumulated OCI to net income	114	159	109	19
Reclassification from accumulated OCI to net income for (gains) losses realized on available-for-sale securities, net of income taxes	428	596	408	73
Change in unrealized gains (losses) on available-for-sale securities, net of income taxes and reclassification adjustment	$ 10,150	$ (5,872)	$ 73,746	$ (44,161)

Debt - Narrative (Details)

Debt - Narrative (Details)	9 Months Ended
	Sep. 30, 2019USD ($)
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument, face amount	$ 200,000,000
Debt instrument maturity date	Dec. 19, 2022
Debt instrument, frequency of commitment fee payable	quarterly
Debt instrument, current borrowing capacity	$ 0
Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, face amount	$ 1,500,000,000
Maximum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument, commitment fee percentage	0.225%
Maximum [Member] | LIBOR Rate [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin	1.625%
Maximum [Member] | Base Rate [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin	0.625%
Minimum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument, commitment fee percentage	0.125%
Minimum [Member] | LIBOR Rate [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin	1.125%
Minimum [Member] | Base Rate [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin	0.125%
Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument, face amount	$ 375,000,000
Debt instrument, interest rate, stated percentage	4.75%
Debt instrument maturity date	Jul. 15, 2022
Surplus Note [Member]
Debt Instrument [Line Items]
Debt instrument, face amount	$ 1,100,000,000
Debt instrument, interest rate, stated percentage	4.50%
Debt instrument maturity date	Dec. 31, 2030

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Summary of Disaggregation of Revenues from Contracts (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation Of Revenue [Line Items]
Disaggregation of revenues from contracts with customers		$ 520,653	$ 484,781	$ 1,520,545	$ 1,412,518
Term Life Insurance Segment Revenues [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenues from contracts with customers		314,527	287,972	908,239	831,259
Term Life Insurance Segment Revenues [Member] | Total Segment Revenues from Contracts with Customers [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenues from contracts with customers		10,985	10,615	30,785	31,943
Term Life Insurance Segment Revenues [Member] | Total Segment Revenues from Contracts with Customers [Member] | Other, Net [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenues from contracts with customers		10,985	10,615	30,785	31,943
Term Life Insurance Segment Revenues [Member] | Revenues from Sources Other Than Contracts with Customers (Segregated Funds) [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenues from contracts with customers		303,542	277,357	877,454	799,316
Investment and Savings Products Segment Revenues [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenues from contracts with customers		173,153	165,269	508,909	490,151
Investment and Savings Products Segment Revenues [Member] | Total Segment Revenues from Contracts with Customers [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenues from contracts with customers		158,433	150,480	465,941	445,733
Investment and Savings Products Segment Revenues [Member] | Total Segment Revenues from Contracts with Customers [Member] | Other, Net [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenues from contracts with customers		2,661	2,464	7,517	7,223
Investment and Savings Products Segment Revenues [Member] | Total Segment Revenues from Contracts with Customers [Member] | Commissions and Fees [Member] | Sales-based Revenues [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenues from contracts with customers		69,034	64,181	207,469	192,949
Investment and Savings Products Segment Revenues [Member] | Total Segment Revenues from Contracts with Customers [Member] | Commissions and Fees [Member] | Asset-based Revenues [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenues from contracts with customers		66,289	63,529	190,997	184,222
Investment and Savings Products Segment Revenues [Member] | Total Segment Revenues from Contracts with Customers [Member] | Commissions and Fees [Member] | Account-based Revenues [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenues from contracts with customers		20,449	20,306	59,958	61,339
Investment and Savings Products Segment Revenues [Member] | Revenues from Sources Other Than Contracts with Customers (Segregated Funds) [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenues from contracts with customers		14,720	14,789	42,968	44,418
Corporate and Other Distributed Products Segment Revenues [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenues from contracts with customers		32,973	31,540	103,397	91,108
Corporate and Other Distributed Products Segment Revenues [Member] | Total Segment Revenues from Contracts with Customers [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenues from contracts with customers		10,279	9,354	27,554	26,599
Corporate and Other Distributed Products Segment Revenues [Member] | Total Segment Revenues from Contracts with Customers [Member] | Other, Net [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenues from contracts with customers		1,052	1,280	3,444	3,881
Corporate and Other Distributed Products Segment Revenues [Member] | Total Segment Revenues from Contracts with Customers [Member] | Commissions and Fees [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenues from contracts with customers	[1]	9,227	8,074	24,110	22,718
Corporate and Other Distributed Products Segment Revenues [Member] | Revenues from Sources Other Than Contracts with Customers (Segregated Funds) [Member]
Disaggregation Of Revenue [Line Items]
Disaggregation of revenues from contracts with customers		$ 22,694	$ 22,186	$ 75,843	$ 64,509
[1]	Commissions and fees for the three and nine months ended September 30, 2019 to performance obligations satisfied in a previous reporting period and represent the collection of variable consideration in the transaction price that had been previously constrained.

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Summary of Disaggregation of Revenues from Contracts (Parenthetical) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Corporate and Other Distributed Products Segment Revenues [Member] | Total Segment Revenues from Contracts with Customers [Member] | Commissions and Fees [Member]
Disaggregation Of Revenue [Line Items]
Performance obligation satisfied and collection of variable consideration in transaction price	$ 1.7	$ 1.1	$ 4.2	$ 3.2

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Summary of Contract Asset Account (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019		Sep. 30, 2018
Contract With Customer Asset And Liability [Abstract]
Balance, beginning of period	$ 50,467	$ 48,168	$ 50,119	[1]	$ 48,533
Current period sales, net of collection of renewal commissions	1,207	657	1,555		292
Balance, at the end of period	$ 51,674	$ 48,825	$ 51,674		$ 48,825
[1]	Reclassed to Other assets from Agent balances, due premiums and other receivables in the accompanying condensed consolidated balance sheets to conform with current year reporting.

Revenue from Contracts with C_6

Revenue from Contracts with Customers - Narrative (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)
Revenue From Contract With Customer [Abstract]
Estimate adjustments to contract asset	$ 0	$ 0
Impairment losses recognized on contract asset	0	0
Assets recognized for incremental costs	$ 0	$ 0

Leases - Narratives (Details)

Leases - Narratives (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Lessee Lease Description [Line Items]
Lease renewal term		10 years
Lease termination period		4 years
Finance lease liabilities		$ 724
Operating lease minimum rent expense	$ 2,000		$ 5,800
Operating lease contingent rent expense	$ 0		$ 0
Minimum [Member]
Lessee Lease Description [Line Items]
Remaining lease term		1 year
Maximum [Member]
Lessee Lease Description [Line Items]
Remaining lease term		11 years
Other Assets
Lessee Lease Description [Line Items]
Finance right-of-use assets		$ 700
Other Liabilities
Lessee Lease Description [Line Items]
Finance lease liabilities		$ 700

Leases - Schedule of Components

Leases - Schedule of Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Operating lease cost
Operating lease cost	$ 1,904	$ 5,742
Variable lease cost (includes taxes, common area maintenance and insurance)	162	505
Finance lease cost
Depreciation of finance lease assets	70	208
Interest on lease liabilities	11	33
Total lease cost	$ 2,147	$ 6,488

Leases - Schedule of Other Info

Leases - Schedule of Other Information Related to Leases (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases (1)	$ 5,669
Operating cash flows used in finance leases (1)	38
Financing cash flows used in finance leases	$ 211
Operating leases weighted average remaining lease term	9 years
Finance leases weighted average remaining lease term	3 years
Operating leases weighted average discount rate	4.60%
Finance leases weighted average discount rate	6.20%

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments under Non-Cancellable (Details) $ in Thousands	Sep. 30, 2019USD ($)
Operating Leases
2019 (excluding the nine months ended September 30, 2019)	$ 1,985
2020	7,397
2021	7,235
2022	7,229
2023	7,237
Thereafter	35,799
Total minimum rental commitments for operating leases	66,882
Less imputed interest	12,179
Operating Lease, Liability	54,703
Finance Leases
2019 (excluding the nine months ended September 30, 2019)	82
2020	313
2021	260
2022	92
2023	32
Thereafter	9
Total minimum rental commitments for operating leases	788
Less imputed interest	64
Finance lease liabilities	$ 724

Leases - Schedule of Minimum Ag

Leases - Schedule of Minimum Aggregate Rental Commitments for Operating Leases (Details) $ in Thousands	Dec. 31, 2018USD ($)
Leases [Abstract]
2019	$ 7,459
2020	7,174
2021	7,038
2022	7,120
2023	7,094
Thereafter	34,901
Total minimum rental commitments for operating leases	$ 70,786