Horace Mann Educators (HMN) 10-Q 8 Nov 19 2019 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2019	Oct. 31, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Entity File Number	1-10890
Entity Registrant Name	HORACE MANN EDUCATORS CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	37-0911756
Entity Address, Address Line One	1 Horace Mann Plaza
Entity Address, City or Town	Springfield
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	62715-0001
City Area Code	217
Local Phone Number	789-2500
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock, $0.001 par value
Trading Symbol	HMN
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		41,219,737
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Entity Central Index Key	0000850141
Current Fiscal Year End Date	--12-31

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Investments
Fixed maturity securities, available for sale, at fair value (amortized cost 2019, $5,453,433; 2018, $7,373,911)	$ 5,839,560	$ 7,515,318
Equity securities, at fair value	105,483	111,750
Limited partnership interests	354,611	328,516
Short-term and other investments	433,336	295,093
Total investments	6,732,990	8,250,677
Cash	39,349	11,906
Deferred policy acquisition costs	269,215	298,742
Deposit asset on reinsurance	2,342,305	0
Intangible assets, net	181,145	0
Goodwill	48,744	47,396
Other assets	410,663	422,047
Separate Account (variable annuity) assets	2,308,134	2,001,128
Total assets	12,332,545	11,031,896
Policy liabilities
Investment contract and policy reserves	6,207,888	5,711,193
Unpaid claims and claim expenses	412,272	396,714
Unearned premiums	285,215	276,225
Total policy liabilities	6,905,375	6,384,132
Other policyholder funds	672,845	767,988
Other liabilities	434,626	290,358
Short-term debt	135,000	0
Long-term debt	297,953	297,740
Separate Account (variable annuity) liabilities	2,308,134	2,001,128
Total liabilities	10,753,933	9,741,346
Preferred stock, $0.001 par value, authorized 1,000,000 shares; none issued	0	0
Common stock, $0.001 par value, authorized 75,000,000 shares; issued, 2019, 66,063,569; 2018, 65,820,369	66	66
Additional paid-in capital	478,650	475,109
Retained earnings	1,331,663	1,216,582
Accumulated other comprehensive income (loss), net of tax:
Net unrealized investment gains on fixed maturity securities	266,381	96,941
Net funded status of benefit plans	(12,185)	(12,185)
Treasury stock, at cost, 2019, 24,850,484 shares; 2018, 24,850,484 shares	(485,963)	(485,963)
Total shareholders’ equity	1,578,612	1,290,550
Total liabilities and shareholders’ equity	$ 12,332,545	$ 11,031,896

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Fixed maturities, available for sale, amortized cost (in usd)	$ 5,453,433	$ 7,373,911
Preferred stock, par value (in usd per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in usd per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	75,000,000	75,000,000
Common stock, shares issued (in shares)	66,063,569	65,820,369
Treasury stock (in shares)	24,850,484	24,850,484

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (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
Insurance premiums and contract charges earned	$ 239,681	$ 206,820	$ 657,562	$ 615,428
Net investment income	93,071	99,083	279,329	288,048
Net investment gains (losses)	(2,156)	2,803	151,594	1,884
Other income	3,822	2,612	10,624	7,704
Total revenues	334,418	311,318	1,099,109	913,064
Benefits, losses and expenses
Benefits, claims and settlement expenses	154,191	161,846	446,267	473,686
Interest credited	53,576	52,124	160,092	153,229
Operating expenses	61,414	50,989	169,637	149,376
DAC unlocking and amortization expense	26,344	26,066	82,965	79,357
Intangible asset amortization expense	3,781	0	4,863	0
Interest expense	4,608	3,253	11,223	9,717
Other expense - goodwill impairment	0	0	28,025	0
Total benefits, losses and expenses	303,914	294,278	903,072	865,365
Income before income taxes	30,504	17,040	196,037	47,699
Income tax expense	5,050	4,512	44,595	9,099
Net income	$ 25,454	$ 12,528	$ 151,442	$ 38,600
Net income per share
Basic (in usd per share)	$ 0.61	$ 0.30	$ 3.63	$ 0.93
Diluted (in usd per share)	$ 0.60	$ 0.30	$ 3.61	$ 0.93
Weighted average number of shares and equivalent shares
Basic (in shares)	41,785	41,683	41,715	41,586
Diluted (in shares)	42,030	41,850	41,911	41,727
Net investment gains (losses)
Total other-than-temporary impairment losses on securities	$ (5)	$ (70)	$ (276)	$ (1,357)
Portion of losses recognized in other comprehensive income (loss)	0	0	0	0
Net other-than-temporary impairment losses on securities recognized in earnings	(5)	(70)	(276)	(1,357)
Sales and other, net	608	(1,331)	147,513	2,661
Change in fair value - equity securities	1,081	2,000	8,029	(4,342)
Change in fair value and gains (losses) realized on settlements - derivatives	(3,840)	2,204	(3,672)	4,922
Net investment gains (losses)	$ (2,156)	$ 2,803	$ 151,594	$ 1,884

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Comprehensive income (loss)
Net income	$ 25,454	$ 12,528	$ 151,442	$ 38,600
Other comprehensive income (loss), net of tax:
Change in net unrealized investment gains (losses) on fixed maturity securities	63,304	(49,638)	169,440	(209,178)
Change in net funded status of benefit plans	0	0	0	0
Cumulative effect of change in accounting principle	0	0	0	(15,041)
Other comprehensive income (loss)	63,304	(49,638)	169,440	(224,219)
Total	$ 88,758	$ (37,110)	$ 320,882	$ (185,619)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Common stock	Additional paid-in capital	Retained earnings	Accumulated other comprehensive income (loss), net of tax	Treasury stock, at cost
Beginning balance at Dec. 31, 2017		$ 65	$ 464,246	$ 1,231,177	$ 286,960	$ (480,875)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Options exercised		0
Conversion of common stock units		0
Conversion of restricted stock units		1
Options exercised and conversion of common stock units and restricted stock units			3,262
Share-based compensation expense			6,088
Net income	$ 38,600			38,600
Dividends				(36,004)
Change in net unrealized investment gains (losses) on fixed maturity securities	(209,178)				(209,178)
Change in net funded status of benefit plans	0				0
Cumulative effect of change in accounting principle	(15,041)			15,041	(15,041)
Acquisition of shares						(86)
Ending balance at Sep. 30, 2018	1,304,256	66	473,596	1,248,814	62,741	(480,961)
Beginning balance at Jun. 30, 2018		66	470,652	1,248,305	112,379	(480,961)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Options exercised		0
Conversion of common stock units		0
Conversion of restricted stock units		0
Options exercised and conversion of common stock units and restricted stock units			1,003
Share-based compensation expense			1,941
Net income	12,528			12,528
Dividends				(12,019)
Change in net unrealized investment gains (losses) on fixed maturity securities	(49,638)				(49,638)
Change in net funded status of benefit plans	0				0
Cumulative effect of change in accounting principle	0			0	0
Acquisition of shares						0
Ending balance at Sep. 30, 2018	1,304,256	66	473,596	1,248,814	62,741	(480,961)
Beginning balance at Dec. 31, 2018	1,290,550	66	475,109	1,216,582	84,756	(485,963)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Options exercised		0
Conversion of common stock units		0
Conversion of restricted stock units		0
Options exercised and conversion of common stock units and restricted stock units			(1,314)
Share-based compensation expense			4,855
Net income	151,442			151,442
Dividends				(36,361)
Change in net unrealized investment gains (losses) on fixed maturity securities	169,440				169,440
Change in net funded status of benefit plans	0				0
Cumulative effect of change in accounting principle	0			0	0
Acquisition of shares						0
Ending balance at Sep. 30, 2019	1,578,612	66	478,650	1,331,663	254,196	(485,963)
Beginning balance at Jun. 30, 2019		66	476,353	1,318,329	190,892	(485,963)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Options exercised		0
Conversion of common stock units		0
Conversion of restricted stock units		0
Options exercised and conversion of common stock units and restricted stock units			447
Share-based compensation expense			1,850
Net income	25,454			25,454
Dividends				(12,120)
Change in net unrealized investment gains (losses) on fixed maturity securities	63,304				63,304
Change in net funded status of benefit plans	0				0
Cumulative effect of change in accounting principle	0			0	0
Acquisition of shares						0
Ending balance at Sep. 30, 2019	$ 1,578,612	$ 66	$ 478,650	$ 1,331,663	$ 254,196	$ (485,963)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Stockholders' Equity [Abstract]
Cash dividends (in usd per share)	$ 0.2875	$ 0.285	$ 0.8625	$ 0.8550

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows - operating activities
Premiums collected	$ 674,170	$ 598,443
Policyholder benefits paid	(404,086)	(419,736)
Policy acquisition and other operating expenses paid	(253,101)	(218,464)
Income taxes paid	(12,696)	(8,719)
Investment income collected	204,186	277,178
Interest expense paid	(6,948)	(6,537)
Other	5,711	(4,691)
Net cash provided by operating activities	207,236	217,474
Fixed maturity securities
Purchases	(845,967)	(1,044,002)
Sales	651,058	360,246
Maturities, paydowns, calls and redemptions	645,946	577,425
Equity securities
Purchases	(10,510)	(8,578)
Sales and repayments	20,989	8,493
Limited partnership interests
Purchases	(42,388)	(84,444)
Sales	36,108	11,754
Change in short-term and other investments, net	(99,702)	(4,700)
Acquisition of businesses, net of cash acquired	(421,174)	0
Net cash provided by (used in) investing activities	(65,640)	(183,806)
Cash flows - financing activities
Dividends paid to shareholders	(35,477)	(35,016)
Principal borrowings on Bank Credit Facility	135,000	0
Acquisition of treasury stock	0	(86)
Proceeds from exercise of stock options	1,105	3,191
Withholding tax payments on RSUs tendered	(3,560)	(2,190)
Annuity contracts: variable, fixed and FHLB funding agreements
Deposits	519,636	326,003
Benefits, withdrawals and net transfers to Separate Account (variable annuity) assets	(313,653)	(333,473)
Principal repayment on FHLB funding agreements	(275,000)	0
Life policy accounts
Deposits	7,143	5,618
Withdrawals and surrenders	(2,682)	(3,766)
Change in deposit asset on reinsurance, net	(130,740)	0
Change in book overdrafts	(15,925)	4,855
Net cash used in financing activities	(114,153)	(34,864)
Net increase (decrease) in cash	27,443	(1,196)
Cash at beginning of period	11,906	7,627
Cash at end of period	$ 39,349	$ 6,431

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The accompanying unaudited consolidated financial statements of Horace Mann Educators Corporation (HMEC; and together with its subsidiaries, the Company or Horace Mann) have been prepared in conformity with accounting principles generally accepted in the U.S. (GAAP) and with the rules and regulations of the Securities and Exchange Commission (SEC). Certain information and disclosures normally included in annual financial statements prepared in conformity with GAAP, but are not required for interim reporting purposes, have been omitted. The Company believes that these consolidated financial statements contain all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to present fairly the Company's consolidated financial position as of September 30, 2019 , the consolidated results of operations, comprehensive income (loss) and changes in shareholders’ equity for the three and nine month periods ended September 30, 2019 and 2018 and cash flows for the nine month periods ended September 30, 2019 and 2018 . The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. The subsidiaries of HMEC market and underwrite personal lines of property and casualty insurance products (primarily personal lines of automobile and property insurance), retirement products (primarily tax-qualified annuities) and life insurance, primarily to K-12 teachers, administrators and other employees of public schools and their families. HMEC's principal operating subsidiaries are Horace Mann Life Insurance Company, Horace Mann Insurance Company, Teachers Insurance Company, Horace Mann Property & Casualty Insurance Company, Horace Mann Lloyds and National Teachers Associates Life Insurance Company (NTA). As described more fully in Note 2, the Company acquired NTA on July 1, 2019. As a result, the Company’s reporting segments have changed effective in the third quarter of 2019. A new reporting segment titled "Supplemental" was added to report on the personal lines of supplemental insurance products (primarily heart, cancer, accident and limited supplemental disability coverages) that are marketed and underwritten by NTA. These consolidated financial statements should be read in conjunction with the consolidated financial statements and the related notes to consolidated financial statements included in Item 8 of the Company's Annual Report on Form 10-K for the year ended December 31, 2018 . The results of operations for the three and nine month periods ended September 30, 2019 are not necessarily indicative of the results to be expected for the full year. The Company has reclassified the presentation of certain prior period information to conform to the current presentation. Cash Cash reported on the Consolidated Balance Sheet at September 30, 2019 includes restricted cash in the amount of $672 thousand , representing funds held in segregated accounts for insurance premiums to be remitted to insurance companies on behalf of the Company’s customers or for the purpose of reimbursement to cafeteria plan participants. Investment Contract and Policy Reserves The following table summarizes investment contract and policy reserves. ($ in thousands) September 30, 2019 December 31, 2018 Investment contract reserves $ 4,658,148 $ 4,555,856 Policy reserves 1,549,740 1,155,337 Total $ 6,207,888 $ 5,711,193 Accumulated Other Comprehensive Income (Loss) Accumulated other comprehensive income (loss) (AOCI) represents the accumulated change in shareholders’ equity from transactions and other events and circumstances from non-shareholder sources. For the Company, AOCI includes the after tax change in net unrealized investment gains (losses) on fixed maturity securities and the after tax change in net funded status of benefit plans for the periods as shown in the Consolidated Statements of Changes in Shareholders’ Equity. The following tables reconcile these components. ($ in thousands) Net Unrealized Investment Gains (Losses) on Fixed Maturity Securities (1)(2) Net Funded Status of Benefit Plans (1) Total (1) Beginning balance, July 1, 2019 $ 203,077 $ (12,185 ) $ 190,892 Other comprehensive income (loss) before reclassifications 64,577 — 64,577 Amounts reclassified from AOCI (1,273 ) — (1,273 ) Net current period other comprehensive income (loss) 63,304 — 63,304 Ending balance, September 30, 2019 $ 266,381 $ (12,185 ) $ 254,196 Beginning balance, January 1, 2019 $ 96,941 $ (12,185 ) $ 84,756 Other comprehensive income (loss) before reclassifications 292,043 — 292,043 Amounts reclassified from AOCI (122,603 ) — (122,603 ) Net current period other comprehensive income (loss) 169,440 — 169,440 Ending balance, September 30, 2019 $ 266,381 $ (12,185 ) $ 254,196 ______________ (1) All amounts are net of tax. (2) The pretax amounts reclassified from AOCI, $1,612 thousand and $155,194 thousand , are included in net investment gains (losses) and the related income tax expenses, $339 thousand and $32,591 thousand , are included in income tax expense in the Consolidated Statements of Operations for the three and nine month periods ended September 30, 2019 , respectively. ($ in thousands) Net Unrealized Investment (1)(2) Net Funded Status of (1) Total (1) Beginning balance, July 1, 2018, $ 125,596 $ (13,217 ) $ 112,379 Other comprehensive income (loss) before reclassifications (49,165 ) — (49,165 ) Amounts reclassified from AOCI (473 ) — (473 ) Net current period other comprehensive income (loss) (49,638 ) — (49,638 ) Ending balance, September 30, 2018 $ 75,958 $ (13,217 ) $ 62,741 Beginning balance, January 1, 2018 $ 300,177 $ (13,217 ) $ 286,960 Other comprehensive income (loss) before reclassifications (211,577 ) — (211,577 ) Amounts reclassified from AOCI 2,399 — 2,399 Cumulative effect of change in accounting principle (3) (15,041 ) — (15,041 ) Net current period other comprehensive income (loss) (224,219 ) — (224,219 ) Ending balance, September 30, 2018 $ 75,958 $ (13,217 ) $ 62,741 ______________ (1) All amounts are net of tax. (2) The pretax amounts reclassified from AOCI, $599 thousand and $(3,037) thousand , are included in Net investment gains (losses) and the related income tax expenses, $126 thousand and $(638) thousand , are included in Income tax expense in the Consolidated Statements of Operations for the three and nine month periods ended September 30, 2018 , respectively. (3) The Company adopted guidance on January 1, 2018 that resulted in reclassifying $15,041 thousand of after tax net unrealized gains on equity securities from AOCI to Retained earnings. Comparative information for elements that are not required to be reclassified in their entirety to net income in the same reporting period is disclosed in Note 3. Adopted Accounting Standards Accounting for Leases Effective for the quarter ended March 31, 2019, the Company adopted guidance for leases and elected to utilize a cumulative-effect adjustment to the opening balance of retained earnings. Accordingly, the Company’s reporting for the comparative periods prior to adoption continues to be presented in the financial statements in accordance with previous lease accounting guidance. The Company elected to apply all practical expedients in the guidance for transition for leases in effect at adoption, including using hindsight to determine the lease term of existing leases, the option to not reassess whether an existing contract is a lease or contains a lease and whether the lease is an operating or finance lease. The adoption of the guidance resulted in the Company recognizing an initial $14,499 thousand lease liability equal to the present value of lease payments and an initial $13,908 thousand right-of-use (ROU) asset, which is the corresponding lease liability adjusted for qualifying accrued lease payments. The lease liability and ROU asset are reported in Other liabilities and Other assets on the Consolidated Balance Sheets. The impact of these changes at adoption had no impact on net income or shareholders' equity. Simplifying the Test for Goodwill Impairment Effective for the quarter ended June 30, 2019, the Company adopted guidance to simplify the accounting for goodwill impairment. Adoption of this guidance removed Step 2 of the goodwill impairment test, which required a hypothetical purchase price allocation. Goodwill impairment is now the amount by which a reporting unit's carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. Pending Accounting Standards Measurement of Credit Losses on Financial Instruments In June 2016, the FASB issued guidance to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments, including reinsurance receivables, held by companies. The new guidance replaces the incurred loss impairment methodology for financial instruments other than available for sale debt securities and requires an organization to measure and recognize all current expected credit losses (CECL) for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Companies will need to utilize forward-looking information to better estimate their credit losses. Companies will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. Any credit losses related to available for sale debt securities will be recorded through an allowance for credit losses with this allowance having a limit equal to the amount by which fair value is below amortized cost. The guidance also requires enhanced qualitative and quantitative disclosures to provide additional information about the amounts recorded in the financial statements. This guidance is effective for annual and interim reporting periods beginning after December 15, 2019. Early adoption is permitted beginning after December 15, 2018. Upon adoption, the guidance will be applied using the modified-retrospective approach, by which a cumulative-effect adjustment will be made to retained earnings as of the beginning of the first reporting period in which the guidance is effective. The guidance will have the most impact on the Company's available for sale fixed maturity securities portfolio. However, as the Company's fixed maturity securities portfolio is weighted towards higher rated bonds (96.7% investment grade, based on fair value, with an average quality rating of A+ at September 30, 2019), the Company does not expect that the effect of adoption will be material. Accounting for Long-Duration Insurance Contracts In August 2018, the FASB issued accounting and disclosure guidance that contains targeted improvements to the accounting for long-duration insurance contracts. Under the new guidance, the cash flow assumptions used to measure the liability for future policy benefits for traditional insurance contracts will be required to be updated at least annually with changes recognized as a benefit expense (i.e., assumptions will no longer be locked-in). Insurance entities will be required to use a standard discount rate to measure the liabilities that will be equivalent to the yield from a high-quality bond. The new guidance also changes the amortization of deferred acquisition costs (DAC) to be on a constant-level basis over the expected term of the related contracts with no interest accruing on the DAC balance. The new guidance also introduces a new category of contract features associated with deposit type contracts referred to as market risk benefits (MRBs). Contract features meeting the definition of a MRB will be measured at fair value. New disclosures will be required for long-duration insurance contracts in order to provide better transparency into the exposure of insurance entities and the drivers of their results. For public business entities, the guidance is effective for annual reporting periods beginning after December 15, 2021, including interim periods within those years. With regards to the liability for future policy benefits and DAC, the guidance applies to contracts in force as of the beginning of the earliest period presented and may be applied retrospectively. With regards to MRBs, the guidance is to be applied retrospectively at the beginning of the earliest period presented. Early adoption is permitted. Management is evaluating the impact this guidance will have on the results of operations and financial position of the Company.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Acquisitions	he Company completed its acquisition of all the equity interests in Benefit Consultants Group, Inc. (BCG) for a total purchase consideration of $25 million . BCG provides advisory and benefit plan record keeping services. BCG's results are reported in Retirement. The acquisition of BCG gave rise to recognition of intangible assets of $16.2 million and goodwill of $10.1 million as a result of the purchase accounting. The intangible assets that are amortizable have lives of 10 to 16 years. See Note 14 for further information. The amount of goodwill that is expected to be deductible for federal income tax purposes is $10.1 million . On July 1, 2019, the Company acquired all the equity interests in NTA pursuant to a Purchase Agreement (Agreement) dated as of December 10, 2018. The purchase price of the transaction was $425 million which includes $20 million representing NTA’s share of "adjusted earnings" (as determined in accordance with the terms of the Agreement) from July 1, 2018 to July 1, 2019. The purchase price adjustment is subject to finalization within 135 days of the acquisition date pursuant to the terms of the Agreement. As a result of the acquisition, NTA became a wholly owned subsidiary of the Company. NTA provides supplemental insurance products (primarily heart, cancer, accident and limited supplemental disability coverages) primarily within the public sector for which approximately 80% are individuals employed by educational institutions, with the remainder employed in state and local governments and emergency services facilities. NTA's results are being reported in a newly created reporting segment titled "Supplemental". The Company has not yet completed the process of estimating the fair value of NTA assets acquired and liabilities assumed, including, but not limited to, intangible assets, policy reserves, certain tax-related balances and certain investments. Accordingly, the Company’s preliminary estimates and the allocation of the purchase price to the assets acquired and liabilities assumed are subject to change as the Company completes the process. In accordance with Accounting Standards Codification (ASC) 805, Business Combinations , changes if any, to the preliminary estimates and allocation of the purchase price will be reported in the Company’s financial statements as an adjustment to the opening balance sheet. Based on the Company’s preliminary allocation of the purchase price, the fair values of the assets acquired and liabilities assumed were as follows: ($ in millions) Assets: Investments $ 542.6 Cash and short-term investments 73.8 Intangible assets (1) 169.8 Other assets 18.3 Liabilities: Policy reserves 366.8 Policy claims 21.8 Unearned premiums 4.1 Other liabilities 5.5 Total identifiable net assets acquired 406.3 Goodwill (2) 19.3 Purchase price $ 425.6 _____________ (1) Intangible assets consist of the value of business acquired, value of distribution acquired, agency relationships, trade names and state licenses. The intangible assets that are amortizable have estimated lives of 14 to 35 years. See Note 14 for further information. (2) The amount of goodwill that is expected to be deductible for federal income tax purposes is $17.9 million . The following unaudited pro forma information presents the Company's results of operations as if the acquisition of NTA occurred on January 1, 2018. The adjustments to arrive at the unaudited pro forma information below includes, among other things, adjustments for lost investment income on the cash used to fund the acquisition, amortization of an estimated fair value adjustment on NTA's policy reserves, amortization of acquired intangible assets, interest expense on debt incurred to finance the acquisition and exclusion of certain transaction costs attributable to the acquisition as such costs are considered non-recurring. ($ in thousands, except per share data) Unaudited Nine Months Ended Year Ended December 31, 2019 2018 Total revenues $ 1,175,977 $ 1,339,896 Total expenses 967,352 1,288,690 Income before income taxes 208,625 51,206 Net income $ 161,463 $ 43,373 Net income per share: (1) Basic $ 3.87 $ 1.04 Diluted $ 3.85 $ 1.04 ___________ (1) The unaudited pro forma basic and diluted net income per share calculations are based on the Company's historical basic and diluted weighted average number of shares outstanding for the nine months ended September 30, 2019 and the year ended December 31, 2018. The unaudited pro forma financial information is not necessarily indicative of the consolidated results of operations that might been achieved had the transaction in fact occurred at the beginning of the periods presented, nor does the information project results for any future period. The unaudited pro forma information does not include the impact of any future cost savings or synergies that may be achieved as a result of the acquisition.

Investments

Investments	9 Months Ended
	Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Investments	Fixed Maturity Securities The Company's investment portfolio is comprised primarily of fixed maturity securities. Amortized cost, net unrealized investment gains (losses) and fair values of all fixed maturity securities in the portfolio were as follows: ($ in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value September 30, 2019 Fixed maturity securities U.S. Government and federally sponsored agency obligations: (1) Mortgage-backed securities $ 698,794 $ 55,868 $ 307 $ 754,355 Other, including U.S. Treasury securities 430,149 28,161 135 458,175 Municipal bonds 1,511,967 164,811 356 1,676,422 Foreign government bonds 45,301 2,616 2 47,915 Corporate bonds 1,465,217 121,861 1,970 1,585,108 Other mortgage-backed securities 1,302,005 23,465 7,885 1,317,585 Totals $ 5,453,433 $ 396,782 $ 10,655 $ 5,839,560 December 31, 2018 Fixed maturity securities U.S. Government and federally sponsored agency obligations: (1) Mortgage-backed securities $ 778,038 $ 22,724 $ 13,321 $ 787,441 Other, including U.S. Treasury securities 835,096 16,127 17,681 833,542 Municipal bonds 1,884,313 133,150 13,494 2,003,969 Foreign government bonds 83,343 2,321 760 84,904 Corporate bonds 2,054,105 64,296 38,891 2,079,510 Other mortgage-backed securities 1,739,016 10,467 23,531 1,725,952 Totals $ 7,373,911 $ 249,085 $ 107,678 $ 7,515,318 ______________ (1) Fair value includes securities issued by Federal National Mortgage Association (FNMA) of $429,676 thousand and $441,308 thousand ; Federal Home Loan Mortgage Corporation (FHLMC) of $290,964 thousand and $417,308 thousand ; and Government National Mortgage Association (GNMA) of $154,226 thousand and $96,466 thousand as of September 30, 2019 and December 31, 2018 , respectively. The following table presents the fair value and gross unrealized losses of securities in an unrealized loss position at September 30, 2019 and December 31, 2018 , respectively. The Company views the decrease in fair value of all of the securities with unrealized losses at September 30, 2019 -- which was driven largely by increasing interest rates, spread widening, financial market illiquidity and/or market volatility from the date of acquisition -- as temporary. As of September 30, 2019, the Company has not made the decision to sell and it is not more likely than not the Company will be required to sell fixed maturity securities with unrealized losses before recovery of the amortized cost basis. Therefore, it was determined that the unrealized losses on the securities presented in the table below were not other-than-temporarily impaired as of September 30, 2019 . ($ in thousands) 12 Months or Less More than 12 Months Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses September 30, 2019 Fixed maturity securities U.S. Government and federally sponsored agency obligations: Mortgage-backed securities $ 21,323 $ 204 $ 2,795 $ 103 $ 24,118 $ 307 Other 12,712 128 2,024 7 14,736 135 Municipal bonds 11,707 74 13,185 282 24,892 356 Foreign government bonds 2,500 2 — — 2,500 2 Corporate bonds 57,329 1,145 16,371 825 73,700 1,970 Other mortgage-backed securities 320,293 3,498 293,852 4,387 614,145 7,885 Total $ 425,864 $ 5,051 $ 328,227 $ 5,604 $ 754,091 $ 10,655 Number of positions with a gross unrealized loss 214 102 316 Fair value as a percentage of total fixed maturity securities fair value 7.3 % 5.6 % 12.9 % December 31, 2018 Fixed maturity securities U.S. Government and federally sponsored agency obligations: Mortgage-backed securities $ 193,447 $ 5,026 $ 157,295 $ 8,295 $ 350,742 $ 13,321 Other 263,497 6,746 246,213 10,935 509,710 17,681 Municipal bonds 291,869 7,603 95,297 5,891 387,166 13,494 Foreign government bonds 16,250 760 — — 16,250 760 Corporate bonds 818,519 27,429 99,171 11,462 917,690 38,891 Other mortgage-backed securities 913,858 16,076 291,442 7,455 1,205,300 23,531 Total $ 2,497,440 $ 63,640 $ 889,418 $ 44,038 $ 3,386,858 $ 107,678 Number of positions with a gross unrealized loss 1,052 359 1,411 Fair value as a percentage of total fixed maturity securities fair value 33.2 % 11.8 % 45.0 % Fixed maturity securities with an investment grade rating represented 77.5% of the gross unrealized losses as of September 30, 2019 . With respect to fixed maturity securities involving securitized financial assets, the underlying collateral cash flows were stress tested to determine there was no adverse change in the present value of cash flows below the amortized cost basis. Limited Partnership Interests As of September 30, 2019 and December 31, 2018 , the carrying value of equity method limited partnerships totaled $354,611 thousand and $328,516 thousand , respectively. Principal factors influencing carrying value appreciation or decline include operating performance, comparable public company earnings multiples, capitalization rates and the economic environment. The Company recognizes an impairment loss for equity method limited partnerships when evidence demonstrates that the loss is other than temporary. Evidence of a loss in value that is other than temporary may include the absence of an ability to recover the carrying amount of the investment or the inability of the investee to sustain a level of earnings that would justify the carrying amount of the investment. Credit Losses The following table summarizes the cumulative amounts related to the Company's credit loss component of other-than-temporary impairment (OTTI) losses on fixed maturity securities held as of September 30, 2019 and 2018 that the Company did not intend to sell as of those dates, and it was not more likely than not that the Company would be required to sell the securities before the anticipated recovery of the amortized cost basis, for which the non-credit portions of OTTI losses were recognized in other comprehensive income (loss) (OCI): ($ in thousands) Nine Months Ended 2019 2018 Cumulative credit loss (1) Beginning of period $ 1,529 $ 3,825 New credit losses — — Increases to previously recognized credit losses — 246 Losses related to securities sold or paid down during the period — (2,542 ) End of period $ 1,529 $ 1,529 _____________ (1) The cumulative credit loss amounts exclude OTTI losses on securities held as of the periods indicated that the Company intended to sell or it was more likely than not that the Company would be required to sell the security before the recovery of the amortized cost basis. Maturities of Fixed Maturity Securities The following table presents the distribution of the Company’s fixed maturity securities portfolio by estimated expected maturity. Estimated expected maturities differ from contractual maturities, reflecting assumptions regarding borrowers' utilization of the right to call or prepay obligations with or without call or prepayment penalties. For structured securities, including mortgage-backed securities and other asset-backed securities, estimated expected maturities consider broker-dealer survey prepayment assumptions and are verified for consistency with the interest rate and economic environments. ($ in thousands) Percent of Total Fair Value September 30, 2019 September 30, 2019 December 31, 2018 Fair Value Amortized Cost Estimated expected maturity: Due in 1 year or less 4.0 % 4.8 % $ 234,818 $ 228,604 Due after 1 year through 5 years 26.5 % 22.8 % 1,546,779 1,499,348 Due after 5 years through 10 years 29.3 % 32.8 % 1,709,053 1,601,491 Due after 10 years through 20 years 24.9 % 26.5 % 1,454,033 1,318,362 Due after 20 years 15.3 % 13.1 % 894,877 805,628 Total 100.0 % 100.0 % $ 5,839,560 $ 5,453,433 Average option-adjusted duration, in years 6.0 5.9 Sales of Fixed Maturity and Equity Securities Proceeds received from sales of fixed maturity and equity securities, each determined using the specific identification method, and gross gains and gross losses realized as a result of those sales for each period were: ($ in thousands) Three Months Ended Nine Months Ended 2019 2018 2019 (1) 2018 Fixed maturity securities Proceeds received $ 149,319 $ 170,223 $ 651,058 $ 360,246 Gross gains realized 1,258 3,980 149,574 8,002 Gross losses realized (1,047 ) (5,893 ) (7,128 ) (7,530 ) Equity securities Proceeds received $ 1,367 $ 2,710 $ 18,489 $ 8,493 Gross gains realized 428 885 5,562 2,478 Gross losses realized (32 ) (321 ) (542 ) (502 ) _____________ (1) Gross gains realized presented above include a $135.3 million realized investment gain associated with a transfer of investments to a reinsurer as consideration paid during the second quarter of 2019 in connection with the reinsurance of a $2.9 billion block of in force fixed and variable annuity business. See Notes 6 and 13 for further information. Net Investment Gains (Losses) The following table reconciles net investment gains (losses) pretax by transaction type: ($ in thousands) Three Months Ended Nine Months Ended 2019 2018 2019 2018 Impairment write-downs $ — $ — $ — $ — Change in intent write-downs (5 ) (70 ) (276 ) (1,357 ) Net OTTI losses recognized in earnings (5 ) (70 ) (276 ) (1,357 ) Sales and other, net 608 (1,331 ) 147,513 2,661 Change in fair value - equity securities 1,081 2,000 8,029 (4,342 ) Change in fair value and gains (losses) realized on settlements - derivatives (3,840 ) 2,204 (3,672 ) 4,922 Net investment gains (losses) $ (2,156 ) $ 2,803 $ 151,594 $ 1,884 Net Unrealized Investment Gains (Losses) on Fixed Maturity Securities The following table reconciles net unrealized investment gains (losses) on fixed maturity securities, net of tax, included in AOCI, before the impact of DAC: ($ in thousands) Three Months Ended Nine Months Ended 2019 2018 2019 2018 Net unrealized investment gains (losses) on fixed maturity securities, net of tax Beginning of period $ 231,087 $ 144,998 $ 111,712 $ 286,176 Change in net unrealized investment gains (losses) on fixed maturity securities 75,283 (57,903 ) 315,988 (186,912 ) Reclassification of net investment (gains) losses on securities to net income (1,330 ) (473 ) (122,660 ) 2,399 Cumulative effect of change in accounting principle (1) — — — (15,041 ) End of period $ 305,040 $ 86,622 $ 305,040 $ 86,622 _____________ (1) Effective January 1, 2018, with the adoption of new accounting guidance for recognition and measurement of financial instruments, available for sale equity securities were reclassified to equity securities at fair value and the related net unrealized gains were reclassified from AOCI to Retained earnings. Offsetting of Assets and Liabilities The Company's derivatives (call options) are subject to enforceable master netting arrangements. Collateral support agreements associated with each master netting arrangement provide that the Company will receive or pledge financial collateral in the event minimum thresholds have been reached. The following table presents instruments that were subject to a master netting arrangement for the Company. ($ in thousands) Gross Amounts Offset in the Net Amounts of Assets/ Liabilities Presented in the Gross Amounts Not Offset in the Consolidated Balance Sheets Gross Amounts Consolidated Balance Sheets Consolidated Balance Sheets Financial Instruments Cash Collateral Received Net Amount September 30, 2019 Asset derivatives: Free-standing derivatives $ 10,685 $ — $ 10,685 $ — $ 10,338 $ 347 December 31, 2018 Asset derivatives: Free-standing derivatives $ 2,647 $ — $ 2,647 $ — $ 1,868 $ 779 Deposits At September 30, 2019 and December 31, 2018 , fixed maturity securities with a fair value of $26,119 thousand and $17,695 thousand , respectively, were on deposit with governmental agencies as required by law in various states in which the insurance subsidiaries of HMEC conduct business. In addition, at September 30, 2019 and December 31, 2018 , fixed maturity securities with a fair value of $629,010 thousand and $740,016 thousand , respectively, were on deposit with the Federal Home Loan Bank of Chicago (FHLB) as collateral for amounts subject to funding agreements, advances and borrowings which were equal to $575,000 thousand at September 30, 2019 and $675,000 thousand at December 31, 2018 . The deposited securities are included in Fixed maturity securities on the Company’s Consolidated Balance Sheets.

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	The Company is required under GAAP to disclose estimated fair values for certain financial and nonfinancial assets and liabilities. Fair values of the Company’s insurance contracts other than annuity contracts (which are investment contracts) are not required to be disclosed. However, the estimated fair values of liabilities under all insurance contracts are taken into consideration in the Company’s overall management of interest rate risk through the matching of investment maturities with amounts due under insurance contracts. Information regarding the three-level hierarchy presented below and the valuation methodologies utilized by the Company to estimate fair values at each reporting date is included in Item 8, Note 3 of the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 . Financial Instruments Measured and Carried at Fair Value The following table presents the Company's fair value hierarchy for those assets and liabilities measured and carried at fair value on a recurring basis. At September 30, 2019 , Level 3 invested assets comprised 4.3% of the Company’s total investment portfolio at fair value. ($ in thousands) Fair Value Measurements at Carrying Fair Reporting Date Using Amount Value Level 1 Level 2 Level 3 September 30, 2019 Financial Assets Investments Fixed maturity securities U.S. Government and federally sponsored agency obligations: Mortgage-backed securities $ 754,355 $ 754,355 $ — $ 749,551 $ 4,804 Other, including U.S. Treasury securities 458,175 458,175 17,779 440,396 — Municipal bonds 1,676,422 1,676,422 — 1,628,717 47,705 Foreign government bonds 47,915 47,915 — 47,915 — Corporate bonds 1,585,108 1,585,108 14,506 1,473,929 96,673 Other mortgage-backed securities 1,317,585 1,317,585 — 1,175,684 141,901 Total fixed maturity securities 5,839,560 5,839,560 32,285 5,516,192 291,083 Equity securities 105,483 105,483 57,876 47,491 116 Short-term investments 237,819 237,819 237,819 — — Other investments 23,935 23,935 — 23,935 — Totals $ 6,206,797 $ 6,206,797 $ 327,980 $ 5,587,618 $ 291,199 Separate Account (variable annuity) assets (1) $ 2,308,134 $ 2,308,134 $ 2,308,134 $ — $ — Financial Liabilities Investment contract and policy reserves, embedded derivatives $ 1,145 $ 1,145 $ — $ 1,145 $ — Other policyholder funds, embedded derivatives $ 89,098 $ 89,098 $ — $ — $ 89,098 December 31, 2018 Financial Assets Investments Fixed maturity securities U.S. Government and federally sponsored agency obligations: Mortgage-backed securities $ 787,441 $ 787,441 $ — $ 784,224 $ 3,217 Other, including U.S. Treasury securities 833,542 833,542 13,291 820,251 — Municipal bonds 2,003,969 2,003,969 — 1,956,438 47,531 Foreign government bonds 84,904 84,904 — 84,904 — Corporate bonds 2,079,510 2,079,510 12,281 1,986,487 80,742 Other mortgage-backed securities 1,725,952 1,725,952 — 1,608,958 116,994 Total fixed maturity securities 7,515,318 7,515,318 25,572 7,241,262 248,484 Equity securities 111,750 111,750 64,330 47,415 5 Short-term investments 122,222 122,222 117,296 4,926 — Other investments 16,147 16,147 — 16,147 — Totals $ 7,765,437 $ 7,765,437 $ 207,198 $ 7,309,750 $ 248,489 Separate Account (variable annuity) assets (1) $ 2,001,128 $ 2,001,128 $ 2,001,128 $ — $ — Financial Liabilities Investment contract and policy reserves, embedded derivatives $ 248 $ 248 $ — $ 248 $ — Other policyholder funds, embedded derivatives $ 78,700 $ 78,700 $ — $ — $ 78,700 ________________ (1) Separate Account (variable annuity) liabilities are equal to the estimated fair value of the Separate Account (variable annuity) assets. During the nine month periods ended September 30, 2019 and 2018, there were no transfers between Level 1 and Level 2. The following table presents reconciliations for the periods indicated for all Level 3 assets and liabilities measured at fair value on a recurring basis. ($ in thousands) Financial Assets Financial Liabilities (1) Municipal Bonds Corporate Bonds Other Mortgage- Backed Securities (2) Total Fixed Maturity Securities Equity Securities Total Beginning balance, July 1, 2019 $ 46,984 $ 79,222 $ 128,438 $ 254,644 $ 69 $ 254,713 $ 85,961 Transfers into Level 3 (3) — 18,916 21,004 39,920 1 39,921 — Transfers out of Level 3 (3) — (2,822 ) (449 ) (3,271 ) — (3,271 ) — Total gains or losses Net investment gains (losses) included in net income related to financial assets — — — — 46 46 — Net realized (gains) losses included in net income related to financial liabilities — — — — — — 3,661 Net unrealized investment gains (losses) included in OCI 842 1,744 397 2,983 — 2,983 — Purchases — — — — — — — Issuances — — — — — — 2,033 Sales — — — — — — — Settlements — — — — — — — Paydowns, maturities and distributions (121 ) (387 ) (2,685 ) (3,193 ) — (3,193 ) (2,557 ) Ending balance, September 30, 2019 $ 47,705 $ 96,673 $ 146,705 $ 291,083 $ 116 $ 291,199 $ 89,098 Beginning balance, January 1, 2019 $ 47,531 $ 80,742 $ 120,211 $ 248,484 $ 5 $ 248,489 $ 78,700 Transfers into Level 3 (3) — 24,798 42,938 67,736 65 67,801 — Transfers out of Level 3 (3) — (7,698 ) (449 ) (8,147 ) — (8,147 ) — Total gains or losses Net investment gains (losses) included in — — — — 46 46 — Net realized (gains) losses included in net — — — — — — 8,366 Net unrealized investment gains (losses) included in OCI 649 6,254 3,052 9,955 — 9,955 — Purchases — 1,566 — 1,566 — 1,566 — Issuances — — — — — — 7,482 Sales — — (607 ) (607 ) — (607 ) — Settlements — — — — — — — Paydowns, maturities and distributions (475 ) (8,989 ) (18,440 ) (27,904 ) — (27,904 ) (5,450 ) Ending balance, September 30, 2019 $ 47,705 $ 96,673 $ 146,705 $ 291,083 $ 116 $ 291,199 $ 89,098 _____________ (1) Represents embedded derivatives, all related to the Company's fixed indexed annuity products, reported in Other policyholder funds in the Company's Consolidated Balance Sheets. (2) Includes U.S. Government and federally sponsored agency obligations for mortgage-backed securities and other mortgage-backed securities. (3) Transfers into and out of Level 3 during the three and nine month periods ended September 30, 2019 were attributable to changes in the availability of observable market information for individual fixed maturity securities. The Company's policy is to recognize transfers into and transfers out of the levels as having occurred at the end of the reporting period in which the transfers were determined. ($ in thousands) Financial Assets Financial (1) Municipal Corporate Other Mortgage- (2) Total Equity Total Beginning balance, July 1, 2018 $ 49,921 $ 92,663 $ 129,061 $ 271,645 $ 6 $ 271,651 $ 77,788 Transfers into Level 3 (3) — — 17,030 17,030 — 17,030 — Transfers out of Level 3 (3) — — (970 ) (970 ) — (970 ) — Total gains or losses Net investment gains (losses) included in — — — — — — — Net realized (gains) losses included in net income related to financial liabilities — — — — — — 2,205 Net unrealized investment gains (471 ) 128 (6,184 ) (6,527 ) — (6,527 ) — Purchases — — — — — — — Issuances — — — — — — 3,940 Sales — — (187 ) (187 ) — (187 ) — Settlements — — — — — — — Paydowns, maturities and distributions (121 ) (3,926 ) (15,466 ) (19,513 ) — (19,513 ) (1,668 ) Ending balance, September 30, 2018 $ 49,329 $ 88,865 $ 123,284 $ 261,478 $ 6 $ 261,484 $ 82,265 Beginning balance, January 1, 2018 $ 49,328 $ 72,979 $ 107,944 $ 230,251 $ 6 $ 230,257 $ 80,733 Transfers into Level 3 (3) — 40,487 50,174 90,661 — 90,661 — Transfers out of Level 3 (3) — (11,279 ) (5,200 ) (16,479 ) — (16,479 ) — Total gains or losses Net investment gains (losses) included in — (246 ) — (246 ) 3 (243 ) — Net (gains) losses included in net income related to financial liabilities — — — — — — (1,308 ) Net unrealized investment gains 369 (1,459 ) (5,547 ) (6,637 ) — (6,637 ) — Purchases — — — — — — — Issuances — — — — — — 7,379 Sales — — (187 ) (187 ) (3 ) (190 ) — Settlements — — — — — — — Paydowns, maturities and distributions (368 ) (11,617 ) (23,900 ) (35,885 ) — (35,885 ) (4,539 ) Ending balance, September 30, 2018 $ 49,329 $ 88,865 $ 123,284 $ 261,478 $ 6 $ 261,484 $ 82,265 _____________ (1) Represents embedded derivatives, all related to the Company's fixed indexed annuity products, reported in Other policyholder funds in the Company's Consolidated Balance Sheets. (2) Includes U.S. Government and federally sponsored agency obligations for mortgage-backed securities and other mortgage-backed securities. (3) Transfers into and out of Level 3 during the three and nine month periods ended September 30, 2018 were attributable to changes in the availability of observable market information for individual fixed maturity securities . The Company's policy is to recognize transfers into and transfers out of the levels as having occurred at the end of the reporting period in which the transfers were determined. For the nine month period ended September 30, 2019 , the Company had no net losses on Level 3 securities. For the nine month period ended September 30, 2018 , the Company had a realized net loss on three Level 3 securities of $243 thousand . For the three and nine month periods ended September 30, 2019 , net investment losses of $3,661 thousand and $8,366 thousand were included in earnings that were attributable to the changes in the fair value of Level 3 liabilities (embedded derivatives) still held; for the three and nine month periods ended September 30, 2018 , net investment losses were $2,205 thousand and net investment gains were $1,308 thousand . The valuation techniques and significant unobservable inputs used in the fair value measurement for financial assets and liabilities classified as Level 3 are subject to the control processes as described in Item 8, Note 3 in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 . Generally, valuation techniques for fixed maturity securities include spread pricing, matrix pricing and discounted cash flow methodologies; include inputs such as quoted prices for identical or similar securities that are less liquid; and are based on lower levels of trading activity than securities classified as Level 2. The valuation techniques and significant unobservable inputs used in the fair value measurement for equity securities classified as Level 3 use similar valuation techniques and significant unobservable inputs as those used for fixed maturity securities. The sensitivity of the estimated fair values to changes in the significant unobservable inputs for fixed maturity and equity securities included in Level 3 generally relate to interest rate spreads, illiquidity premiums and default rates. Significant spread widening in isolation will adversely impact the overall valuation, while significant spread tightening will lead to substantial valuation increases. Significant increases (decreases) in illiquidity premiums in isolation will result in substantially lower (higher) valuations. Significant increases (decreases) in expected default rates in isolation will result in substantially lower (higher) valuations. Financial Instruments Not Carried at Fair Value; Disclosure Required The Company has various other financial assets and financial liabilities used in the normal course of business that are not carried at fair value, but for which fair value disclosure is required. The following table presents the carrying value, fair value and fair value hierarchy of these financial assets and financial liabilities. ($ in thousands) Fair Value Measurements at Carrying Fair Reporting Date Using Amount Value Level 1 Level 2 Level 3 September 30, 2019 Financial Assets Investments Other investments $ 171,579 $ 175,478 $ — $ — $ 175,478 Deposit asset on reinsurance 2,342,305 2,619,640 — — 2,619,640 Financial Liabilities Investment contract and policy reserves, fixed annuity contracts 4,658,148 4,581,321 — — 4,581,321 Investment contract and policy reserves, account values on life contracts 91,788 94,899 — — 94,899 Other policyholder funds 583,747 583,747 — 526,113 57,634 Short-term debt 135,000 135,000 — — 135,000 Long-term debt 297,953 318,271 — 318,271 — December 31, 2018 Financial Assets Investments Other investments $ 156,725 $ 161,449 $ — $ — $ 161,449 Financial Liabilities Investment contract and policy reserves, fixed annuity contracts 4,555,849 4,478,338 — — 4,478,338 Investment contract and policy reserves, 87,229 90,402 — — 90,402 Other policyholder funds 689,287 689,287 — 626,325 62,962 Short-term debt — — — — — Long-term debt 297,740 291,938 — 291,938 —

Derivative Instruments

Derivative Instruments	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	The Company offers fixed indexed annuity (FIA) products, which are deferred fixed annuities that guarantee the return of principal to the contractholder and credit interest based on a percentage of the gain in a specified market index. The Company also offers indexed universal life (IUL) products which credit interest based on a percentage of the gain in a specified market index. When deposits are received for FIA and IUL contracts, a portion is used to purchase derivatives consisting of call options on the applicable market indices to fund the index credits due to FIA and IUL policyholders. For the Company, substantially all such call options are one-year options purchased to match the funding requirements of the underlying contracts. The call options are carried at fair value with changes in fair value included in Net investment gains (losses), a component of revenues, in the Consolidated Statements of Operations. The change in fair value of derivatives includes the gains or losses recognized at the expiration of the option term or early termination and the changes in fair value for open positions. Call options are not purchased to fund the index liabilities which may arise after the next deposit anniversary date. On the respective anniversary dates of the indexed deposits, the index used to compute the annual index credit is reset and new one-year call options are purchased to fund the next annual index credit. The cost of these purchases is managed through the terms of the FIA and IUL contracts, which permit changes to index return caps, participation rates and/or asset fees, subject to guaranteed minimums on each contract's anniversary date. By adjusting the index return caps, participation rates or asset fees, crediting rates generally can be managed except in cases where the contractual features would prevent further modifications. The future annual index credits on FIA are accounted for as a "series of embedded derivatives" over the expected life of the applicable contract with a corresponding reserve recorded. For IUL, the embedded derivative represents a single year liability for the index return. The Company carries all derivatives at fair value in the Consolidated Balance Sheets. The Company elected to not use hedge accounting for derivative transactions related to the FIA and IUL products. As a result, the Company recognizes the purchased call options and the embedded derivatives related to the provision of a contingent return at fair value, with changes in the fair value recognized immediately as Net investment gains (losses) in the Consolidated Statements of Operations. The fair values of derivatives, including derivatives embedded in FIA and IUL contracts, are presented in the Consolidated Balance Sheets as follows: ($ in thousands) September 30, 2019 December 31, 2018 Assets Derivatives included in Short-term and other investments $ 10,685 $ 2,647 Liabilities FIA - embedded derivatives, included in Other policyholder funds $ 89,098 $ 78,700 IUL - embedded derivatives, included in Investment contract and policy reserves 1,145 248 In general, the change in the fair value of the embedded derivatives related to FIA will not correspond to the change in fair value of the purchased call options because the purchased call options are one-year options while the options valued in the embedded derivatives represent the rights of the policyholder to receive index credits over the entire period the FIA contracts are expected to be in force, which typically exceeds 10 years. The changes in fair value of derivatives included in the Consolidated Statements of Operations were as follows: ($ in thousands) Three Months Ended Nine Months Ended 2019 2018 2019 2018 Change in fair value of derivatives: (1) Revenues Net investment gains (losses) $ (149 ) $ 4,683 $ 5,280 $ 3,832 Change in fair value of embedded derivatives: Revenues Net investment gains (losses) $ (3,691 ) $ (2,479 ) $ (8,952 ) $ 1,090 ________________ (1) Includes the gains or losses recognized at the expiration of the option term or early termination and the changes in fair value for open options. The Company's strategy attempts to mitigate potential risk of loss under these agreements through a regular monitoring process, which evaluates the program's effectiveness. The Company is exposed to risk of loss in the event of nonperformance by the counterparties and, accordingly, option contracts are purchased from multiple counterparties, which are evaluated for creditworthiness prior to purchase of the contracts. All of these options have been purchased from nationally recognized financial institutions with a Standard and Poor's Global Inc. (S&P)/Moody's Investors Service, Inc. (Moody's) long-term credit rating of "BBB+/A3" or higher at the time of purchase and the maximum credit exposure to any single counterparty is subject to concentration limits. The Company also obtains credit support agreements that allow it to request the counterparty to provide collateral when the fair value of the exposure to the counterparty exceeds specified amounts. The notional amount and fair value of call options by counterparty and each counterparty's long-term credit ratings were as follows: ($ in thousands) September 30, 2019 December 31, 2018 Credit Rating Notional Fair Notional Fair Counterparty S&P Moody's Amount Value Amount Value Bank of America, N.A. A+ Aa2 $ 145,100 $ 5,026 $ 144,500 $ 870 Barclays Bank PLC A A2 101,700 2,271 28,500 247 Citigroup Inc. BBB+ A3 — — — — Credit Suisse International A+ A1 — — 16,100 55 Societe Generale A A1 60,700 3,388 89,100 1,475 Total $ 307,500 $ 10,685 $ 278,200 $ 2,647 As of September 30, 2019 and December 31, 2018 , the Company held $10,338 thousand and $1,868 thousand , respectively, of cash received from counterparties for derivative collateral, which is included in Other liabilities on the Consolidated Balance Sheets. This derivative collateral limits the Company’s maximum amount of economic loss due to credit risk that would be incurred if parties to the call options failed completely to perform according to the terms of the contracts to $250 thousand per counterparty.

Deposit Asset on Reinsurance

Deposit Asset on Reinsurance	9 Months Ended
	Sep. 30, 2019
Reinsurance Disclosures [Abstract]
Deposit Asset on Reinsurance	In the second quarter of 2019, the Company reinsured a $2.9 billion block of in force fixed and variable annuity business with a minimum crediting rate of 4.5% . This represented approximately 50% of the Company’s in force fixed annuity account balances. The arrangement contains investment guidelines and a trust to help meet the Company’s risk management objectives. The annuity reinsurance transaction was effective April 1, 2019. Under the agreement, approximately $2.2 billion of fixed annuity reserves were reinsured on a coinsurance basis for consideration of approximately $2.3 billion which resulted in recognition of an after tax realized investment gain of $106.9 million . The separate account assets and liabilities of approximately $0.7 billion were reinsured on a modified coinsurance basis and thus, remain on the Company's consolidated financial statements, but the related results of operations are fully reinsured. The Company determined that the reinsurance agreement does not expose the reinsurer to a reasonable possibility of a significant loss from insurance risk. Therefore, the Company recognizes the reinsurance agreement using the deposit method of accounting. The assets transferred to the reinsurer as consideration paid is reported as a Deposit asset on reinsurance. As amounts are received or paid, consistent with the underlying reinsured contracts, the Deposit asset on reinsurance is adjusted. The Deposit asset on reinsurance is accreted to the estimated ultimate cash flows using the interest method and the adjustment is reported as Net investment income.

Unpaid Claims and Claim Expense

Unpaid Claims and Claim Expenses	9 Months Ended
	Sep. 30, 2019
Insurance Loss Reserves [Abstract]
Unpaid Claims and Claim Expenses	The following table is a summary reconciliation of the beginning and ending Property and Casualty unpaid claims and claim expense reserves for the periods indicated. The table presents reserves on both a gross and net (after reinsurance) basis. The total net Property and Casualty insurance claims and claim expense incurred amounts are reflected in the Consolidated Statements of Operations. The end of the period gross reserve (before reinsurance) balances and the reinsurance recoverable balances are reflected on a gross basis in the Consolidated Balance Sheets. ($ in thousands) Three Months Ended Nine Months Ended 2019 2018 2019 2018 Property and Casualty Beginning gross reserves (1) $ 367,862 $ 352,817 $ 367,180 $ 319,182 Less: reinsurance recoverables 77,345 62,883 89,725 57,409 Net reserves, beginning of period (2) 290,517 289,934 277,455 261,773 Incurred claims and claim expenses: Claims occurring in the current period 122,470 140,035 375,648 408,028 Decrease in estimated reserves for claims occurring in prior periods (3) (3,500 ) — (7,500 ) (300 ) Total claims and claim expenses incurred (4) 118,970 140,035 368,148 407,728 Claims and claim expense payments for claims occurring during: Current period 101,499 106,187 230,968 233,638 Prior periods 29,747 28,997 136,394 141,078 Total claims and claim expense payments 131,246 135,184 367,362 374,716 Net reserves, end of period (2) 278,241 294,785 278,241 294,785 Plus: reinsurance recoverables 76,526 63,262 76,526 63,262 Ending gross reserves (1) $ 354,767 $ 358,047 $ 354,767 $ 358,047 _____________ (1) Unpaid claims and claim expenses as reported in the Consolidated Balance Sheets also include reserves for Supplemental, Life and Retirement of $57,505 thousand and $26,589 thousand as of September 30, 2019 and 2018 , respectively, in addition to Property and Casualty reserves. (2) Reserves net of anticipated reinsurance recoverables. (3) Shows the amounts by which the Company decreased its reserves in each of the periods indicated for claims occurring in previous periods to reflect subsequent information on such claims and changes in their projected final settlement costs. (4) Benefits, claims and settlement expenses as reported in the Consolidated Statements of Operations also include amounts for Supplemental, Life and Retirement of $35,221 thousand and $78,119 thousand for the three and nine month periods ended September 30, 2019 , respectively, in addition to Property and Casualty amounts. Benefits, claims and settlement expenses for Life and Retirement were $21,811 thousand and $65,958 thousand for the three and nine month periods ended September 30, 2018 , respectively. Net favorable development of total reserves for Property and Casualty claims occurring in prior years was $7.5 million and $0.3 million for the nine month periods ended September 30, 2019 and 2018 , respectively. The favorable development for the nine month period ended September 30, 2019 was the result of favorable loss trends in auto and homeowners loss emergence for accident years 2018 and prior. The favorable development for the nine month period ended September 30, 2018 was predominately the result of favorable loss trends in homeowners emergence for accident years 2017 and prior.

Debt

Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Debt	Indebtedness outstanding was as follows: ($ in thousands) September 30, 2019 December 31, 2018 Short-term debt: Bank Credit Facility, expires June 21, 2024 $ 135,000 $ — Long-term debt: 4.50% Senior Notes, due December 1, 2025. Aggregate principal amount of $250,000 thousand less unaccrued discount of $442 and $488 thousand (4.5% imputed rate) and unamortized debt issuance costs of $1,605 thousand and $1,772 thousand 247,953 247,740 FHLB borrowing 50,000 50,000 Total $ 432,953 $ 297,740 The 4.50% Senior Notes due 2025 (Senior Notes due 2025) and the FHLB borrowing are described in Item 8, Note 7 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 . Credit Agreement with Financial Institutions (Bank Credit Facility ) On June 21, 2019, the Company, as borrower, replaced its current line of credit with a new five-year Credit Agreement (Bank Credit Facility). The new Bank Credit Facility increased the amount available on this senior revolving credit facility to $225 million from $150 million . PNC Capital Markets, LLC and JPMorgan Chase Bank, N.A. served as joint leads on the new agreement, with The Northern Trust Company, U.S. Bank National Association, KeyBank National Association, Comerica Bank and Illinois National Bank participating in the syndicate. Terms and conditions of the new Bank Credit Facility are substantially consistent with the prior agreement, with an interest rate based on LIBOR plus 115 basis points. On July 1, 2019, the Company utilized the senior revolving credit facility to partially fund the acquisition of NTA. As of September 30, 2019 , the amount outstanding on the senior revolving credit facility was $135 million . The unused portion of the Bank Credit Facility is subject to a variable commitment fee, which was 0.15% on an annual basis at September 30, 2019 .

Reinsurance

Reinsurance	9 Months Ended
	Sep. 30, 2019
Insurance [Abstract]
Reinsurance	The Company recognizes the cost of reinsurance premiums over the contract periods for such premiums in proportion to the insurance protection provided. Amounts recoverable from reinsurers for unpaid claims and claim settlement expenses, including estimated amounts for unsettled claims, claims incurred but not yet reported and policy benefits, are estimated in a manner consistent with the insurance liability associated with the policy. The effects of reinsurance on premiums written and contract deposits; premiums and contract charges earned; and benefits, claims and settlement expenses were as follows: ($ in thousands) Gross Amount Ceded to Other Companies (1) Assumed from Other Companies Net Amount Three months ended September 30, 2019 Premiums written and contract deposits (2) $ 374,598 $ 5,968 $ 2,586 $ 371,216 Premiums and contract charges earned 245,200 8,181 2,662 239,681 Benefits, claims and settlement expenses 154,718 2,310 1,783 154,191 Three months ended September 30, 2018 Premiums written and contract deposits (2) $ 342,268 $ 5,370 $ 1,199 $ 338,097 Premiums and contract charges earned 210,953 5,385 1,252 206,820 Benefits, claims and settlement expenses 163,912 3,207 1,141 161,846 Nine months ended September 30, 2019 Premiums written and contract deposits (2) $ 988,588 $ 17,844 $ 7,557 $ 978,301 Premiums and contract charges earned 671,871 22,158 7,849 657,562 Benefits, claims and settlement expenses 450,206 9,399 5,460 446,267 Nine months ended September 30, 2018 Premiums written and contract deposits (2) $ 936,948 $ 16,367 $ 3,246 $ 923,827 Premiums and contract charges earned 628,582 16,418 3,264 615,428 Benefits, claims and settlement expenses 486,339 15,551 2,898 473,686 _____________ (1) Excludes the annuity reinsurance agreement accounted for under the deposit method that is discussed in Note 6. (2) This measure is not based on accounting principles generally accepted in the U.S. (non-GAAP). An explanation of this non-GAAP measure is contained in the Glossary of Selected Terms included as an exhibit in the Company's reports filed with the SEC.

Commitments

Commitments	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments	Investment Commitments From time to time, the Company has outstanding commitments to purchase investments and/or commitments to lend funds under bridge loans. Such unfunded commitments were $198.3 million and $145.4 million at September 30, 2019 and December 31, 2018 , respectively.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Segment Information	The Company conducts and manages its business through five segments. See Note 1 for a description of the Company's reporting segments that changed effective in the third quarter of 2019. The four operating segments, representing the major lines of insurance business, are Property and Casualty (primarily personal lines automobile and property insurance products), the newly created Supplemental (primarily heart, cancer, accident and limited supplemental disability insurance coverages), Retirement (primarily tax-qualified fixed and variable annuities) and Life (life insurance). The Company does not allocate the impact of corporate-level transactions to these operating segments, consistent with the basis for management's evaluation of the results of those segments, but classifies those items in the fifth segment, Corporate and Other. In addition to ongoing transactions such as corporate debt service, net investment gains (losses) and certain public company expenses, such items also have included corporate debt retirement costs, when applicable. Summarized financial information for these segments is as follows: ($ in thousands) Three Months Ended Nine Months Ended 2019 2018 2019 2018 Insurance premiums and contract charges earned Property and Casualty $ 170,483 $ 168,653 $ 512,626 $ 501,444 Supplemental 32,921 N/A 32,921 N/A Retirement 6,624 8,031 22,133 23,924 Life 29,653 30,136 89,882 90,060 Total $ 239,681 $ 206,820 $ 657,562 $ 615,428 Net investment income Property and Casualty $ 10,726 $ 12,361 $ 33,587 $ 32,177 Supplemental 3,691 N/A 3,691 N/A Retirement 60,770 67,750 188,193 199,706 Life 18,453 19,123 54,829 56,629 Corporate and Other — 41 (37 ) 119 Intersegment eliminations (569 ) (192 ) (934 ) (583 ) Total $ 93,071 $ 99,083 $ 279,329 $ 288,048 Net income (loss) Property and Casualty $ 14,194 $ (3,190 ) $ 34,347 $ (4,364 ) Supplemental 6,943 N/A 6,943 N/A Retirement 5,915 12,120 (6,979 ) 37,682 Life 5,101 5,331 13,617 14,997 Corporate and Other (6,699 ) (1,733 ) 103,514 (9,715 ) Total $ 25,454 $ 12,528 $ 151,442 $ 38,600 ($ in thousands) September 30, 2019 December 31, 2018 Assets Property and Casualty $ 1,297,585 $ 1,236,362 Supplemental 745,345 N/A Retirement 8,328,718 7,866,969 Life 1,857,331 1,821,351 Corporate and Other 156,310 149,014 Intersegment eliminations (52,744 ) (41,800 ) Total $ 12,332,545 $ 11,031,896 ________________ N/A - The acquisition of NTA closed on July 1, 2019.

Operating Leases

Operating Leases	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Operating Leases	The Company has various operating lease agreements, primarily for real estate offices as well as for computer equipment and copier machines. Such leases have remaining lease terms of 1 years to 6 years, some of which may include options to extend certain leases for up to an additional 25 years. The components of lease expense were as follows: ($ in thousands) Three Months Ended Nine Months Ended Operating lease cost $ 1,124 $ 2,720 Short-term lease cost 57 155 Total lease cost $ 1,181 $ 2,875 Supplemental cash flow information related to operating leases was as follows: ($ in thousands) Three Months Ended Nine Months Ended Cash paid for amounts included in the measurement of lease liabilities $ 1,006 $ 2,340 Supplemental balance sheet information related to operating leases was as follows: ($ in thousands, except lease term and discount rate) September 30, 2019 Assets Right of use assets, included in Other assets $ 17,527 Liabilities Operating lease liabilities, included in Other liabilities $ 18,439 Weighted average remaining lease term 4.74 Weighted average discount rate 3.78 % Future minimum lease payments under non-cancellable operating leases as of September 30, 2019 were as follows: ($ in thousands) Year Ending December 31, 2019 (excluding the nine months ended September 30, 2019) $ 1,108 2020 4,443 2021 4,284 2022 4,156 2023 3,459 Thereafter 2,717 Total future minimum lease payments 20,167 Less imputed interest (1,728 ) Total $ 18,439 As of September 30, 2019 , the Company has no additional operating leases that have not yet commenced.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2019
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Non-cash investing activities include $2.1 billion of investments transferred to a reinsurer as consideration paid during the second quarter of 2019 in connection with the Company's reinsurance of a $2.9 billion block of in force fixed and variable annuity business. See Note 6 for further information. Non-cash investing activities in respect to modifications or exchanges of fixed maturity securities as well as paid-in-kind activity for policy loans were insignificant for the nine months ended September 30, 2019 and 2018 , respectively.

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, net	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, net	The Company conducts impairment testing for goodwill at least annually, or more often if events, changes or circumstances indicate that the carrying amount may not be recoverable. See Item 8, Note 1 in the Company's Annual Report on Form 10-K for the year ended December 31, 2018 for further description of impairment testing. The annuity reinsurance transaction described in Note 6 triggered the requirement to evaluate the goodwill associated with the annuity business of the Retirement segment. For the evaluation, the fair value of the Retirement segment was measured using a discounted cash flow method. The carrying value exceeded the fair value, resulting in a $28,025 thousand non-cash impairment charge during the quarter ended June 30, 2019 which represented the entire balance of the goodwill associated with the annuity business of the Retirement segment. The impairment charge was reported as Other expense in the Consolidated Statement of Operations. The changes in the carrying amount of goodwill by reportable segment for the nine months ended September 30, 2019 were as follows: ($ in thousands) December 31, 2018 Impairment Acquisitions September 30, 2019 Property and Casualty $ 9,460 $ — $ — $ 9,460 Supplemental (1) — — 19,286 19,286 Retirement 28,025 (28,025 ) 10,087 10,087 Life 9,911 — — 9,911 Total $ 47,396 $ (28,025 ) $ 29,373 $ 48,744 _____________ (1) Based on preliminary purchase price allocation. As of September 30, 2019 , the outstanding amounts of definite-lived intangible assets subject to amortization are attributable to the acquisitions of BCG and NTA during 2019. The acquisition of BCG resulted in initial recognition of definite-lived intangible assets subject to amortization in the amount of $14,083 thousand and the acquisition of NTA resulted in initial recognition of definite-lived intangible assets subject to amortization in the amount of $160,313 thousand . As of September 30, 2019 the outstanding amounts of definite-lived intangible assets subject to amortization were as follows: ($ in thousands) Useful Life (in Years) At inception: Value of business acquired 17 - 35 $ 94,419 Value of distribution acquired 16 - 17 53,996 Value of agency relationships 14 16,981 Value of customer relationships 10 9,080 Total 174,476 Accumulated amortization: Value of business acquired (1,844 ) Value of distribution acquired (973 ) Value of agency relationships (745 ) Value of customer relationships (1,300 ) Total (4,862 ) Net intangible assets subject to amortization: $ 169,614 In regards to the definite-lived intangible assets in the table above, the value of business acquired intangible asset represents the present value of the expected underwriting profit within policies that were inforce on the date of acquisition. The value of distribution acquired intangible asset represents the present value of future business to be written by the existing agency force. The value of agency relationships intangible asset represents the present value of the commission overrides retained by NTA. The value of customer relationships intangible asset represents the present value of the expected profits from existing BCG customers in force at the date of acquisition. All of the aforementioned definite-lived intangible assets were valued using the income approach. Estimated future amortization of the Company's definite-lived intangible assets were as follows: ($ in thousands) Year Ending December 31, 2019 (excluding the nine months ended September 30, 2019) $ 3,920 2020 14,471 2021 13,396 2022 12,420 2023 11,566 2024 10,796 Thereafter 103,045 Total $ 169,614 The value of business acquired intangible asset is being amortized by product based on the present value of future premiums to be received. The value of distribution acquired intangible asset is being amortized on a straight-line basis. The value of agency relationships intangible asset in being amortized based on the present value of future premiums to be received. The value of customer relationships intangible asset is being amortized based on the present value of future profits to be received. Indefinite-lived intangible assets (not subject to amortization) as of September 30, 2019 were as follows: ($ in thousands) Trade names $ 8,645 State licenses 2,886 Total $ 11,531 The trade names intangible asset represents the present value of future savings accruing NTA by virtue of not having to pay royalties for the use of the trade names, valued using the relief from royalty method. The state licenses intangible asset represents the regulatory licenses held by NTA that were valued using the cost approach.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The accompanying unaudited consolidated financial statements of Horace Mann Educators Corporation (HMEC; and together with its subsidiaries, the Company or Horace Mann) have been prepared in conformity with accounting principles generally accepted in the U.S. (GAAP) and with the rules and regulations of the Securities and Exchange Commission (SEC). Certain information and disclosures normally included in annual financial statements prepared in conformity with GAAP, but are not required for interim reporting purposes, have been omitted. The Company believes that these consolidated financial statements contain all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to present fairly the Company's consolidated financial position as of September 30, 2019 , the consolidated results of operations, comprehensive income (loss) and changes in shareholders’ equity for the three and nine month periods ended September 30, 2019 and 2018 and cash flows for the nine month periods ended September 30, 2019 and 2018 . The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. The subsidiaries of HMEC market and underwrite personal lines of property and casualty insurance products (primarily personal lines of automobile and property insurance), retirement products (primarily tax-qualified annuities) and life insurance, primarily to K-12 teachers, administrators and other employees of public schools and their families. HMEC's principal operating subsidiaries are Horace Mann Life Insurance Company, Horace Mann Insurance Company, Teachers Insurance Company, Horace Mann Property & Casualty Insurance Company, Horace Mann Lloyds and National Teachers Associates Life Insurance Company (NTA). As described more fully in Note 2, the Company acquired NTA on July 1, 2019. As a result, the Company’s reporting segments have changed effective in the third quarter of 2019. A new reporting segment titled "Supplemental" was added to report on the personal lines of supplemental insurance products (primarily heart, cancer, accident and limited supplemental disability coverages) that are marketed and underwritten by NTA. These consolidated financial statements should be read in conjunction with the consolidated financial statements and the related notes to consolidated financial statements included in Item 8 of the Company's Annual Report on Form 10-K for the year ended December 31, 2018 . The results of operations for the three and nine month periods ended September 30, 2019 are not necessarily indicative of the results to be expected for the full year.
Cash	Cash Cash reported on the Consolidated Balance Sheet at September 30, 2019 includes restricted cash in the amount of $672 thousand , representing funds held in segregated accounts for insurance premiums to be remitted to insurance companies on behalf of the Company’s customers or for the purpose of reimbursement to cafeteria plan participants.
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Comparative information for elements that are not required to be reclassified in their entirety to net income in the same reporting period is disclosed in Note 3.
Adopted and Pending Accounting Standards	Adopted Accounting Standards Accounting for Leases Effective for the quarter ended March 31, 2019, the Company adopted guidance for leases and elected to utilize a cumulative-effect adjustment to the opening balance of retained earnings. Accordingly, the Company’s reporting for the comparative periods prior to adoption continues to be presented in the financial statements in accordance with previous lease accounting guidance. The Company elected to apply all practical expedients in the guidance for transition for leases in effect at adoption, including using hindsight to determine the lease term of existing leases, the option to not reassess whether an existing contract is a lease or contains a lease and whether the lease is an operating or finance lease. The adoption of the guidance resulted in the Company recognizing an initial $14,499 thousand lease liability equal to the present value of lease payments and an initial $13,908 thousand right-of-use (ROU) asset, which is the corresponding lease liability adjusted for qualifying accrued lease payments. The lease liability and ROU asset are reported in Other liabilities and Other assets on the Consolidated Balance Sheets. The impact of these changes at adoption had no impact on net income or shareholders' equity. Simplifying the Test for Goodwill Impairment Effective for the quarter ended June 30, 2019, the Company adopted guidance to simplify the accounting for goodwill impairment. Adoption of this guidance removed Step 2 of the goodwill impairment test, which required a hypothetical purchase price allocation. Goodwill impairment is now the amount by which a reporting unit's carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. Pending Accounting Standards Measurement of Credit Losses on Financial Instruments In June 2016, the FASB issued guidance to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments, including reinsurance receivables, held by companies. The new guidance replaces the incurred loss impairment methodology for financial instruments other than available for sale debt securities and requires an organization to measure and recognize all current expected credit losses (CECL) for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Companies will need to utilize forward-looking information to better estimate their credit losses. Companies will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. Any credit losses related to available for sale debt securities will be recorded through an allowance for credit losses with this allowance having a limit equal to the amount by which fair value is below amortized cost. The guidance also requires enhanced qualitative and quantitative disclosures to provide additional information about the amounts recorded in the financial statements. This guidance is effective for annual and interim reporting periods beginning after December 15, 2019. Early adoption is permitted beginning after December 15, 2018. Upon adoption, the guidance will be applied using the modified-retrospective approach, by which a cumulative-effect adjustment will be made to retained earnings as of the beginning of the first reporting period in which the guidance is effective. The guidance will have the most impact on the Company's available for sale fixed maturity securities portfolio. However, as the Company's fixed maturity securities portfolio is weighted towards higher rated bonds (96.7% investment grade, based on fair value, with an average quality rating of A+ at September 30, 2019), the Company does not expect that the effect of adoption will be material. Accounting for Long-Duration Insurance Contracts In August 2018, the FASB issued accounting and disclosure guidance that contains targeted improvements to the accounting for long-duration insurance contracts. Under the new guidance, the cash flow assumptions used to measure the liability for future policy benefits for traditional insurance contracts will be required to be updated at least annually with changes recognized as a benefit expense (i.e., assumptions will no longer be locked-in). Insurance entities will be required to use a standard discount rate to measure the liabilities that will be equivalent to the yield from a high-quality bond. The new guidance also changes the amortization of deferred acquisition costs (DAC) to be on a constant-level basis over the expected term of the related contracts with no interest accruing on the DAC balance. The new guidance also introduces a new category of contract features associated with deposit type contracts referred to as market risk benefits (MRBs). Contract features meeting the definition of a MRB will be measured at fair value. New disclosures will be required for long-duration insurance contracts in order to provide better transparency into the exposure of insurance entities and the drivers of their results. For public business entities, the guidance is effective for annual reporting periods beginning after December 15, 2021, including interim periods within those years. With regards to the liability for future policy benefits and DAC, the guidance applies to contracts in force as of the beginning of the earliest period presented and may be applied retrospectively. With regards to MRBs, the guidance is to be applied retrospectively at the beginning of the earliest period presented. Early adoption is permitted. Management is evaluating the impact this guidance will have on the results of operations and financial position of the Company.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of investment contract and life policy reserves	The following table summarizes investment contract and policy reserves. ($ in thousands) September 30, 2019 December 31, 2018 Investment contract reserves $ 4,658,148 $ 4,555,856 Policy reserves 1,549,740 1,155,337 Total $ 6,207,888 $ 5,711,193
Schedule of accumulated other comprehensive Income (loss)	The following tables reconcile these components. ($ in thousands) Net Unrealized Investment Gains (Losses) on Fixed Maturity Securities (1)(2) Net Funded Status of Benefit Plans (1) Total (1) Beginning balance, July 1, 2019 $ 203,077 $ (12,185 ) $ 190,892 Other comprehensive income (loss) before reclassifications 64,577 — 64,577 Amounts reclassified from AOCI (1,273 ) — (1,273 ) Net current period other comprehensive income (loss) 63,304 — 63,304 Ending balance, September 30, 2019 $ 266,381 $ (12,185 ) $ 254,196 Beginning balance, January 1, 2019 $ 96,941 $ (12,185 ) $ 84,756 Other comprehensive income (loss) before reclassifications 292,043 — 292,043 Amounts reclassified from AOCI (122,603 ) — (122,603 ) Net current period other comprehensive income (loss) 169,440 — 169,440 Ending balance, September 30, 2019 $ 266,381 $ (12,185 ) $ 254,196 ______________ (1) All amounts are net of tax. (2) The pretax amounts reclassified from AOCI, $1,612 thousand and $155,194 thousand , are included in net investment gains (losses) and the related income tax expenses, $339 thousand and $32,591 thousand , are included in income tax expense in the Consolidated Statements of Operations for the three and nine month periods ended September 30, 2019 , respectively.

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Summary of Assets Acquired and Liabilities Assumed	($ in millions) Assets: Investments $ 542.6 Cash and short-term investments 73.8 Intangible assets (1) 169.8 Other assets 18.3 Liabilities: Policy reserves 366.8 Policy claims 21.8 Unearned premiums 4.1 Other liabilities 5.5 Total identifiable net assets acquired 406.3 Goodwill (2) 19.3 Purchase price $ 425.6 _____________ (1) Intangible assets consist of the value of business acquired, value of distribution acquired, agency relationships, trade names and state licenses. The intangible assets that are amortizable have estimated lives of 14 to 35 years. See Note 14 for further information. (2) The amount of goodwill that is expected to be deductible for federal income tax purposes is $17.9 million .
Business Acquisition, Pro Forma Information	The adjustments to arrive at the unaudited pro forma information below includes, among other things, adjustments for lost investment income on the cash used to fund the acquisition, amortization of an estimated fair value adjustment on NTA's policy reserves, amortization of acquired intangible assets, interest expense on debt incurred to finance the acquisition and exclusion of certain transaction costs attributable to the acquisition as such costs are considered non-recurring. ($ in thousands, except per share data) Unaudited Nine Months Ended Year Ended December 31, 2019 2018 Total revenues $ 1,175,977 $ 1,339,896 Total expenses 967,352 1,288,690 Income before income taxes 208,625 51,206 Net income $ 161,463 $ 43,373 Net income per share: (1) Basic $ 3.87 $ 1.04 Diluted $ 3.85 $ 1.04 ___________ (1) The unaudited pro forma basic and diluted net income per share calculations are based on the Company's historical basic and diluted weighted average number of shares outstanding for the nine months ended September 30, 2019 and the year ended December 31, 2018.

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Unrealized gains and losses on fixed maturities and equity securities	Amortized cost, net unrealized investment gains (losses) and fair values of all fixed maturity securities in the portfolio were as follows: ($ in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value September 30, 2019 Fixed maturity securities U.S. Government and federally sponsored agency obligations: (1) Mortgage-backed securities $ 698,794 $ 55,868 $ 307 $ 754,355 Other, including U.S. Treasury securities 430,149 28,161 135 458,175 Municipal bonds 1,511,967 164,811 356 1,676,422 Foreign government bonds 45,301 2,616 2 47,915 Corporate bonds 1,465,217 121,861 1,970 1,585,108 Other mortgage-backed securities 1,302,005 23,465 7,885 1,317,585 Totals $ 5,453,433 $ 396,782 $ 10,655 $ 5,839,560 December 31, 2018 Fixed maturity securities U.S. Government and federally sponsored agency obligations: (1) Mortgage-backed securities $ 778,038 $ 22,724 $ 13,321 $ 787,441 Other, including U.S. Treasury securities 835,096 16,127 17,681 833,542 Municipal bonds 1,884,313 133,150 13,494 2,003,969 Foreign government bonds 83,343 2,321 760 84,904 Corporate bonds 2,054,105 64,296 38,891 2,079,510 Other mortgage-backed securities 1,739,016 10,467 23,531 1,725,952 Totals $ 7,373,911 $ 249,085 $ 107,678 $ 7,515,318 ______________ (1) Fair value includes securities issued by Federal National Mortgage Association (FNMA) of $429,676 thousand and $441,308 thousand ; Federal Home Loan Mortgage Corporation (FHLMC) of $290,964 thousand and $417,308 thousand ; and Government National Mortgage Association (GNMA) of $154,226 thousand and $96,466 thousand as of September 30, 2019 and December 31, 2018 , respectively.
Summary of fair value and gross unrealized losses of fixed maturity securities and equity securities in an unrealized loss position	The following table presents the fair value and gross unrealized losses of securities in an unrealized loss position at September 30, 2019 and December 31, 2018 , respectively. The Company views the decrease in fair value of all of the securities with unrealized losses at September 30, 2019 -- which was driven largely by increasing interest rates, spread widening, financial market illiquidity and/or market volatility from the date of acquisition -- as temporary. As of September 30, 2019, the Company has not made the decision to sell and it is not more likely than not the Company will be required to sell fixed maturity securities with unrealized losses before recovery of the amortized cost basis. Therefore, it was determined that the unrealized losses on the securities presented in the table below were not other-than-temporarily impaired as of September 30, 2019 . ($ in thousands) 12 Months or Less More than 12 Months Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses September 30, 2019 Fixed maturity securities U.S. Government and federally sponsored agency obligations: Mortgage-backed securities $ 21,323 $ 204 $ 2,795 $ 103 $ 24,118 $ 307 Other 12,712 128 2,024 7 14,736 135 Municipal bonds 11,707 74 13,185 282 24,892 356 Foreign government bonds 2,500 2 — — 2,500 2 Corporate bonds 57,329 1,145 16,371 825 73,700 1,970 Other mortgage-backed securities 320,293 3,498 293,852 4,387 614,145 7,885 Total $ 425,864 $ 5,051 $ 328,227 $ 5,604 $ 754,091 $ 10,655 Number of positions with a gross unrealized loss 214 102 316 Fair value as a percentage of total fixed maturity securities fair value 7.3 % 5.6 % 12.9 % December 31, 2018 Fixed maturity securities U.S. Government and federally sponsored agency obligations: Mortgage-backed securities $ 193,447 $ 5,026 $ 157,295 $ 8,295 $ 350,742 $ 13,321 Other 263,497 6,746 246,213 10,935 509,710 17,681 Municipal bonds 291,869 7,603 95,297 5,891 387,166 13,494 Foreign government bonds 16,250 760 — — 16,250 760 Corporate bonds 818,519 27,429 99,171 11,462 917,690 38,891 Other mortgage-backed securities 913,858 16,076 291,442 7,455 1,205,300 23,531 Total $ 2,497,440 $ 63,640 $ 889,418 $ 44,038 $ 3,386,858 $ 107,678 Number of positions with a gross unrealized loss 1,052 359 1,411 Fair value as a percentage of total fixed maturity securities fair value 33.2 % 11.8 % 45.0 %
Summary of cumulative credit losses	The following table summarizes the cumulative amounts related to the Company's credit loss component of other-than-temporary impairment (OTTI) losses on fixed maturity securities held as of September 30, 2019 and 2018 that the Company did not intend to sell as of those dates, and it was not more likely than not that the Company would be required to sell the securities before the anticipated recovery of the amortized cost basis, for which the non-credit portions of OTTI losses were recognized in other comprehensive income (loss) (OCI): ($ in thousands) Nine Months Ended 2019 2018 Cumulative credit loss (1) Beginning of period $ 1,529 $ 3,825 New credit losses — — Increases to previously recognized credit losses — 246 Losses related to securities sold or paid down during the period — (2,542 ) End of period $ 1,529 $ 1,529 _____________ (1) The cumulative credit loss amounts exclude OTTI losses on securities held as of the periods indicated that the Company intended to sell or it was more likely than not that the Company would be required to sell the security before the recovery of the amortized cost basis.
Distribution of the Company's fixed maturity portfolio by estimated expected maturity	The following table presents the distribution of the Company’s fixed maturity securities portfolio by estimated expected maturity. Estimated expected maturities differ from contractual maturities, reflecting assumptions regarding borrowers' utilization of the right to call or prepay obligations with or without call or prepayment penalties. For structured securities, including mortgage-backed securities and other asset-backed securities, estimated expected maturities consider broker-dealer survey prepayment assumptions and are verified for consistency with the interest rate and economic environments. ($ in thousands) Percent of Total Fair Value September 30, 2019 September 30, 2019 December 31, 2018 Fair Value Amortized Cost Estimated expected maturity: Due in 1 year or less 4.0 % 4.8 % $ 234,818 $ 228,604 Due after 1 year through 5 years 26.5 % 22.8 % 1,546,779 1,499,348 Due after 5 years through 10 years 29.3 % 32.8 % 1,709,053 1,601,491 Due after 10 years through 20 years 24.9 % 26.5 % 1,454,033 1,318,362 Due after 20 years 15.3 % 13.1 % 894,877 805,628 Total 100.0 % 100.0 % $ 5,839,560 $ 5,453,433 Average option-adjusted duration, in years 6.0 5.9
Proceeds received from sales of fixed maturities and equity securities	Proceeds received from sales of fixed maturity and equity securities, each determined using the specific identification method, and gross gains and gross losses realized as a result of those sales for each period were: ($ in thousands) Three Months Ended Nine Months Ended 2019 2018 2019 (1) 2018 Fixed maturity securities Proceeds received $ 149,319 $ 170,223 $ 651,058 $ 360,246 Gross gains realized 1,258 3,980 149,574 8,002 Gross losses realized (1,047 ) (5,893 ) (7,128 ) (7,530 ) Equity securities Proceeds received $ 1,367 $ 2,710 $ 18,489 $ 8,493 Gross gains realized 428 885 5,562 2,478 Gross losses realized (32 ) (321 ) (542 ) (502 ) _____________ (1) Gross gains realized presented above include a $135.3 million realized investment gain associated with a transfer of investments to a reinsurer as consideration paid during the second quarter of 2019 in connection with the reinsurance of a $2.9 billion block of in force fixed and variable annuity business. See Notes 6 and 13 for further information.
Schedule of net investment gains (losses)	The following table reconciles net investment gains (losses) pretax by transaction type: ($ in thousands) Three Months Ended Nine Months Ended 2019 2018 2019 2018 Impairment write-downs $ — $ — $ — $ — Change in intent write-downs (5 ) (70 ) (276 ) (1,357 ) Net OTTI losses recognized in earnings (5 ) (70 ) (276 ) (1,357 ) Sales and other, net 608 (1,331 ) 147,513 2,661 Change in fair value - equity securities 1,081 2,000 8,029 (4,342 ) Change in fair value and gains (losses) realized on settlements - derivatives (3,840 ) 2,204 (3,672 ) 4,922 Net investment gains (losses) $ (2,156 ) $ 2,803 $ 151,594 $ 1,884
Reconciliation of net unrealized investment gains (losses) on fixed maturity securities and equity securities	The following table reconciles net unrealized investment gains (losses) on fixed maturity securities, net of tax, included in AOCI, before the impact of DAC: ($ in thousands) Three Months Ended Nine Months Ended 2019 2018 2019 2018 Net unrealized investment gains (losses) on fixed maturity securities, net of tax Beginning of period $ 231,087 $ 144,998 $ 111,712 $ 286,176 Change in net unrealized investment gains (losses) on fixed maturity securities 75,283 (57,903 ) 315,988 (186,912 ) Reclassification of net investment (gains) losses on securities to net income (1,330 ) (473 ) (122,660 ) 2,399 Cumulative effect of change in accounting principle (1) — — — (15,041 ) End of period $ 305,040 $ 86,622 $ 305,040 $ 86,622 _____________ (1) Effective January 1, 2018, with the adoption of new accounting guidance for recognition and measurement of financial instruments, available for sale equity securities were reclassified to equity securities at fair value and the related net unrealized gains were reclassified from AOCI to Retained earnings.
Offsetting assets and liability	The following table presents instruments that were subject to a master netting arrangement for the Company. ($ in thousands) Gross Amounts Offset in the Net Amounts of Assets/ Liabilities Presented in the Gross Amounts Not Offset in the Consolidated Balance Sheets Gross Amounts Consolidated Balance Sheets Consolidated Balance Sheets Financial Instruments Cash Collateral Received Net Amount September 30, 2019 Asset derivatives: Free-standing derivatives $ 10,685 $ — $ 10,685 $ — $ 10,338 $ 347 December 31, 2018 Asset derivatives: Free-standing derivatives $ 2,647 $ — $ 2,647 $ — $ 1,868 $ 779

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Summary of Company's fair value hierarchy measured at recurring basis	The following table presents the Company's fair value hierarchy for those assets and liabilities measured and carried at fair value on a recurring basis. At September 30, 2019 , Level 3 invested assets comprised 4.3% of the Company’s total investment portfolio at fair value. ($ in thousands) Fair Value Measurements at Carrying Fair Reporting Date Using Amount Value Level 1 Level 2 Level 3 September 30, 2019 Financial Assets Investments Fixed maturity securities U.S. Government and federally sponsored agency obligations: Mortgage-backed securities $ 754,355 $ 754,355 $ — $ 749,551 $ 4,804 Other, including U.S. Treasury securities 458,175 458,175 17,779 440,396 — Municipal bonds 1,676,422 1,676,422 — 1,628,717 47,705 Foreign government bonds 47,915 47,915 — 47,915 — Corporate bonds 1,585,108 1,585,108 14,506 1,473,929 96,673 Other mortgage-backed securities 1,317,585 1,317,585 — 1,175,684 141,901 Total fixed maturity securities 5,839,560 5,839,560 32,285 5,516,192 291,083 Equity securities 105,483 105,483 57,876 47,491 116 Short-term investments 237,819 237,819 237,819 — — Other investments 23,935 23,935 — 23,935 — Totals $ 6,206,797 $ 6,206,797 $ 327,980 $ 5,587,618 $ 291,199 Separate Account (variable annuity) assets (1) $ 2,308,134 $ 2,308,134 $ 2,308,134 $ — $ — Financial Liabilities Investment contract and policy reserves, embedded derivatives $ 1,145 $ 1,145 $ — $ 1,145 $ — Other policyholder funds, embedded derivatives $ 89,098 $ 89,098 $ — $ — $ 89,098 December 31, 2018 Financial Assets Investments Fixed maturity securities U.S. Government and federally sponsored agency obligations: Mortgage-backed securities $ 787,441 $ 787,441 $ — $ 784,224 $ 3,217 Other, including U.S. Treasury securities 833,542 833,542 13,291 820,251 — Municipal bonds 2,003,969 2,003,969 — 1,956,438 47,531 Foreign government bonds 84,904 84,904 — 84,904 — Corporate bonds 2,079,510 2,079,510 12,281 1,986,487 80,742 Other mortgage-backed securities 1,725,952 1,725,952 — 1,608,958 116,994 Total fixed maturity securities 7,515,318 7,515,318 25,572 7,241,262 248,484 Equity securities 111,750 111,750 64,330 47,415 5 Short-term investments 122,222 122,222 117,296 4,926 — Other investments 16,147 16,147 — 16,147 — Totals $ 7,765,437 $ 7,765,437 $ 207,198 $ 7,309,750 $ 248,489 Separate Account (variable annuity) assets (1) $ 2,001,128 $ 2,001,128 $ 2,001,128 $ — $ — Financial Liabilities Investment contract and policy reserves, embedded derivatives $ 248 $ 248 $ — $ 248 $ — Other policyholder funds, embedded derivatives $ 78,700 $ 78,700 $ — $ — $ 78,700 ________________ (1) Separate Account (variable annuity) liabilities are equal to the estimated fair value of the Separate Account (variable annuity) assets.
Table for reconciliations for all Level 3 assets measured at fair value on a recurring basis	The following table presents reconciliations for the periods indicated for all Level 3 assets and liabilities measured at fair value on a recurring basis. ($ in thousands) Financial Assets Financial Liabilities (1) Municipal Bonds Corporate Bonds Other Mortgage- Backed Securities (2) Total Fixed Maturity Securities Equity Securities Total Beginning balance, July 1, 2019 $ 46,984 $ 79,222 $ 128,438 $ 254,644 $ 69 $ 254,713 $ 85,961 Transfers into Level 3 (3) — 18,916 21,004 39,920 1 39,921 — Transfers out of Level 3 (3) — (2,822 ) (449 ) (3,271 ) — (3,271 ) — Total gains or losses Net investment gains (losses) included in net income related to financial assets — — — — 46 46 — Net realized (gains) losses included in net income related to financial liabilities — — — — — — 3,661 Net unrealized investment gains (losses) included in OCI 842 1,744 397 2,983 — 2,983 — Purchases — — — — — — — Issuances — — — — — — 2,033 Sales — — — — — — — Settlements — — — — — — — Paydowns, maturities and distributions (121 ) (387 ) (2,685 ) (3,193 ) — (3,193 ) (2,557 ) Ending balance, September 30, 2019 $ 47,705 $ 96,673 $ 146,705 $ 291,083 $ 116 $ 291,199 $ 89,098 Beginning balance, January 1, 2019 $ 47,531 $ 80,742 $ 120,211 $ 248,484 $ 5 $ 248,489 $ 78,700 Transfers into Level 3 (3) — 24,798 42,938 67,736 65 67,801 — Transfers out of Level 3 (3) — (7,698 ) (449 ) (8,147 ) — (8,147 ) — Total gains or losses Net investment gains (losses) included in — — — — 46 46 — Net realized (gains) losses included in net — — — — — — 8,366 Net unrealized investment gains (losses) included in OCI 649 6,254 3,052 9,955 — 9,955 — Purchases — 1,566 — 1,566 — 1,566 — Issuances — — — — — — 7,482 Sales — — (607 ) (607 ) — (607 ) — Settlements — — — — — — — Paydowns, maturities and distributions (475 ) (8,989 ) (18,440 ) (27,904 ) — (27,904 ) (5,450 ) Ending balance, September 30, 2019 $ 47,705 $ 96,673 $ 146,705 $ 291,083 $ 116 $ 291,199 $ 89,098 _____________ (1) Represents embedded derivatives, all related to the Company's fixed indexed annuity products, reported in Other policyholder funds in the Company's Consolidated Balance Sheets. (2) Includes U.S. Government and federally sponsored agency obligations for mortgage-backed securities and other mortgage-backed securities. (3) Transfers into and out of Level 3 during the three and nine month periods ended September 30, 2019 were attributable to changes in the availability of observable market information for individual fixed maturity securities. The Company's policy is to recognize transfers into and transfers out of the levels as having occurred at the end of the reporting period in which the transfers were determined.
Summary of fair value assets and liabilities measured on nonrecurring basis	The Company has various other financial assets and financial liabilities used in the normal course of business that are not carried at fair value, but for which fair value disclosure is required. The following table presents the carrying value, fair value and fair value hierarchy of these financial assets and financial liabilities. ($ in thousands) Fair Value Measurements at Carrying Fair Reporting Date Using Amount Value Level 1 Level 2 Level 3 September 30, 2019 Financial Assets Investments Other investments $ 171,579 $ 175,478 $ — $ — $ 175,478 Deposit asset on reinsurance 2,342,305 2,619,640 — — 2,619,640 Financial Liabilities Investment contract and policy reserves, fixed annuity contracts 4,658,148 4,581,321 — — 4,581,321 Investment contract and policy reserves, account values on life contracts 91,788 94,899 — — 94,899 Other policyholder funds 583,747 583,747 — 526,113 57,634 Short-term debt 135,000 135,000 — — 135,000 Long-term debt 297,953 318,271 — 318,271 — December 31, 2018 Financial Assets Investments Other investments $ 156,725 $ 161,449 $ — $ — $ 161,449 Financial Liabilities Investment contract and policy reserves, fixed annuity contracts 4,555,849 4,478,338 — — 4,478,338 Investment contract and policy reserves, 87,229 90,402 — — 90,402 Other policyholder funds 689,287 689,287 — 626,325 62,962 Short-term debt — — — — — Long-term debt 297,740 291,938 — 291,938 —

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of derivative instruments embedded in FIA and IUL	The fair values of derivatives, including derivatives embedded in FIA and IUL contracts, are presented in the Consolidated Balance Sheets as follows: ($ in thousands) September 30, 2019 December 31, 2018 Assets Derivatives included in Short-term and other investments $ 10,685 $ 2,647 Liabilities FIA - embedded derivatives, included in Other policyholder funds $ 89,098 $ 78,700 IUL - embedded derivatives, included in Investment contract and policy reserves 1,145 248
Schedule of fair value of derivatives	The changes in fair value of derivatives included in the Consolidated Statements of Operations were as follows: ($ in thousands) Three Months Ended Nine Months Ended 2019 2018 2019 2018 Change in fair value of derivatives: (1) Revenues Net investment gains (losses) $ (149 ) $ 4,683 $ 5,280 $ 3,832 Change in fair value of embedded derivatives: Revenues Net investment gains (losses) $ (3,691 ) $ (2,479 ) $ (8,952 ) $ 1,090 ________________ (1) Includes the gains or losses recognized at the expiration of the option term or early termination and the changes in fair value for open options.
Schedule of counterparty's long-term credit ratings	The notional amount and fair value of call options by counterparty and each counterparty's long-term credit ratings were as follows: ($ in thousands) September 30, 2019 December 31, 2018 Credit Rating Notional Fair Notional Fair Counterparty S&P Moody's Amount Value Amount Value Bank of America, N.A. A+ Aa2 $ 145,100 $ 5,026 $ 144,500 $ 870 Barclays Bank PLC A A2 101,700 2,271 28,500 247 Citigroup Inc. BBB+ A3 — — — — Credit Suisse International A+ A1 — — 16,100 55 Societe Generale A A1 60,700 3,388 89,100 1,475 Total $ 307,500 $ 10,685 $ 278,200 $ 2,647

Unpaid Claims and Claim Expen_2

Unpaid Claims and Claim Expenses (Tables)	9 Months Ended
	Sep. 30, 2019
Insurance Loss Reserves [Abstract]
Reconciliation of property and casualty unpaid claims and claim expense	The end of the period gross reserve (before reinsurance) balances and the reinsurance recoverable balances are reflected on a gross basis in the Consolidated Balance Sheets. ($ in thousands) Three Months Ended Nine Months Ended 2019 2018 2019 2018 Property and Casualty Beginning gross reserves (1) $ 367,862 $ 352,817 $ 367,180 $ 319,182 Less: reinsurance recoverables 77,345 62,883 89,725 57,409 Net reserves, beginning of period (2) 290,517 289,934 277,455 261,773 Incurred claims and claim expenses: Claims occurring in the current period 122,470 140,035 375,648 408,028 Decrease in estimated reserves for claims occurring in prior periods (3) (3,500 ) — (7,500 ) (300 ) Total claims and claim expenses incurred (4) 118,970 140,035 368,148 407,728 Claims and claim expense payments for claims occurring during: Current period 101,499 106,187 230,968 233,638 Prior periods 29,747 28,997 136,394 141,078 Total claims and claim expense payments 131,246 135,184 367,362 374,716 Net reserves, end of period (2) 278,241 294,785 278,241 294,785 Plus: reinsurance recoverables 76,526 63,262 76,526 63,262 Ending gross reserves (1) $ 354,767 $ 358,047 $ 354,767 $ 358,047 _____________ (1) Unpaid claims and claim expenses as reported in the Consolidated Balance Sheets also include reserves for Supplemental, Life and Retirement of $57,505 thousand and $26,589 thousand as of September 30, 2019 and 2018 , respectively, in addition to Property and Casualty reserves. (2) Reserves net of anticipated reinsurance recoverables. (3) Shows the amounts by which the Company decreased its reserves in each of the periods indicated for claims occurring in previous periods to reflect subsequent information on such claims and changes in their projected final settlement costs. (4) Benefits, claims and settlement expenses as reported in the Consolidated Statements of Operations also include amounts for Supplemental, Life and Retirement of $35,221 thousand and $78,119 thousand for the three and nine month periods ended September 30, 2019 , respectively, in addition to Property and Casualty amounts. Benefits, claims and settlement expenses for Life and Retirement were $21,811 thousand and $65,958 thousand for the three and nine month periods ended September 30, 2018 , respectively.

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Summary of Indebtedness outstanding	Indebtedness outstanding was as follows: ($ in thousands) September 30, 2019 December 31, 2018 Short-term debt: Bank Credit Facility, expires June 21, 2024 $ 135,000 $ — Long-term debt: 4.50% Senior Notes, due December 1, 2025. Aggregate principal amount of $250,000 thousand less unaccrued discount of $442 and $488 thousand (4.5% imputed rate) and unamortized debt issuance costs of $1,605 thousand and $1,772 thousand 247,953 247,740 FHLB borrowing 50,000 50,000 Total $ 432,953 $ 297,740

Reinsurance (Tables)

Reinsurance (Tables)	9 Months Ended
	Sep. 30, 2019
Insurance [Abstract]
Effects of reinsurance on premiums and benefits	The effects of reinsurance on premiums written and contract deposits; premiums and contract charges earned; and benefits, claims and settlement expenses were as follows: ($ in thousands) Gross Amount Ceded to Other Companies (1) Assumed from Other Companies Net Amount Three months ended September 30, 2019 Premiums written and contract deposits (2) $ 374,598 $ 5,968 $ 2,586 $ 371,216 Premiums and contract charges earned 245,200 8,181 2,662 239,681 Benefits, claims and settlement expenses 154,718 2,310 1,783 154,191 Three months ended September 30, 2018 Premiums written and contract deposits (2) $ 342,268 $ 5,370 $ 1,199 $ 338,097 Premiums and contract charges earned 210,953 5,385 1,252 206,820 Benefits, claims and settlement expenses 163,912 3,207 1,141 161,846 Nine months ended September 30, 2019 Premiums written and contract deposits (2) $ 988,588 $ 17,844 $ 7,557 $ 978,301 Premiums and contract charges earned 671,871 22,158 7,849 657,562 Benefits, claims and settlement expenses 450,206 9,399 5,460 446,267 Nine months ended September 30, 2018 Premiums written and contract deposits (2) $ 936,948 $ 16,367 $ 3,246 $ 923,827 Premiums and contract charges earned 628,582 16,418 3,264 615,428 Benefits, claims and settlement expenses 486,339 15,551 2,898 473,686 _____________ (1) Excludes the annuity reinsurance agreement accounted for under the deposit method that is discussed in Note 6. (2) This measure is not based on accounting principles generally accepted in the U.S. (non-GAAP). An explanation of this non-GAAP measure is contained in the Glossary of Selected Terms included as an exhibit in the Company's reports filed with the SEC.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Summarized financial information for these segments	Summarized financial information for these segments is as follows: ($ in thousands) Three Months Ended Nine Months Ended 2019 2018 2019 2018 Insurance premiums and contract charges earned Property and Casualty $ 170,483 $ 168,653 $ 512,626 $ 501,444 Supplemental 32,921 N/A 32,921 N/A Retirement 6,624 8,031 22,133 23,924 Life 29,653 30,136 89,882 90,060 Total $ 239,681 $ 206,820 $ 657,562 $ 615,428 Net investment income Property and Casualty $ 10,726 $ 12,361 $ 33,587 $ 32,177 Supplemental 3,691 N/A 3,691 N/A Retirement 60,770 67,750 188,193 199,706 Life 18,453 19,123 54,829 56,629 Corporate and Other — 41 (37 ) 119 Intersegment eliminations (569 ) (192 ) (934 ) (583 ) Total $ 93,071 $ 99,083 $ 279,329 $ 288,048 Net income (loss) Property and Casualty $ 14,194 $ (3,190 ) $ 34,347 $ (4,364 ) Supplemental 6,943 N/A 6,943 N/A Retirement 5,915 12,120 (6,979 ) 37,682 Life 5,101 5,331 13,617 14,997 Corporate and Other (6,699 ) (1,733 ) 103,514 (9,715 ) Total $ 25,454 $ 12,528 $ 151,442 $ 38,600 ($ in thousands) September 30, 2019 December 31, 2018 Assets Property and Casualty $ 1,297,585 $ 1,236,362 Supplemental 745,345 N/A Retirement 8,328,718 7,866,969 Life 1,857,331 1,821,351 Corporate and Other 156,310 149,014 Intersegment eliminations (52,744 ) (41,800 ) Total $ 12,332,545 $ 11,031,896

Operating Leases (Tables)

Operating Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Schedule of components lease expense	The components of lease expense were as follows: ($ in thousands) Three Months Ended Nine Months Ended Operating lease cost $ 1,124 $ 2,720 Short-term lease cost 57 155 Total lease cost $ 1,181 $ 2,875
Schedule of supplemental cash flow information related to operating leases	Supplemental cash flow information related to operating leases was as follows: ($ in thousands) Three Months Ended Nine Months Ended Cash paid for amounts included in the measurement of lease liabilities $ 1,006 $ 2,340
Schedule of supplemental balance sheet information related to operating leases	Supplemental balance sheet information related to operating leases was as follows: ($ in thousands, except lease term and discount rate) September 30, 2019 Assets Right of use assets, included in Other assets $ 17,527 Liabilities Operating lease liabilities, included in Other liabilities $ 18,439 Weighted average remaining lease term 4.74 Weighted average discount rate 3.78 %
Schedule of future minimum lease payments under non-cancellable operating leases	Future minimum lease payments under non-cancellable operating leases as of September 30, 2019 were as follows: ($ in thousands) Year Ending December 31, 2019 (excluding the nine months ended September 30, 2019) $ 1,108 2020 4,443 2021 4,284 2022 4,156 2023 3,459 Thereafter 2,717 Total future minimum lease payments 20,167 Less imputed interest (1,728 ) Total $ 18,439

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, net (Tables)	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the carrying amount of goodwill by reportable segment for the nine months ended September 30, 2019 were as follows: ($ in thousands) December 31, 2018 Impairment Acquisitions September 30, 2019 Property and Casualty $ 9,460 $ — $ — $ 9,460 Supplemental (1) — — 19,286 19,286 Retirement 28,025 (28,025 ) 10,087 10,087 Life 9,911 — — 9,911 Total $ 47,396 $ (28,025 ) $ 29,373 $ 48,744 _____________ (1) Based on preliminary purchase price allocation.
Summary of Finite-Lived Intangible Assets	As of September 30, 2019 the outstanding amounts of definite-lived intangible assets subject to amortization were as follows: ($ in thousands) Useful Life (in Years) At inception: Value of business acquired 17 - 35 $ 94,419 Value of distribution acquired 16 - 17 53,996 Value of agency relationships 14 16,981 Value of customer relationships 10 9,080 Total 174,476 Accumulated amortization: Value of business acquired (1,844 ) Value of distribution acquired (973 ) Value of agency relationships (745 ) Value of customer relationships (1,300 ) Total (4,862 ) Net intangible assets subject to amortization: $ 169,614
Future Amortization Expense	Estimated future amortization of the Company's definite-lived intangible assets were as follows: ($ in thousands) Year Ending December 31, 2019 (excluding the nine months ended September 30, 2019) $ 3,920 2020 14,471 2021 13,396 2022 12,420 2023 11,566 2024 10,796 Thereafter 103,045 Total $ 169,614
Summary of Indefinite-Lived Intangible Assets	Indefinite-lived intangible assets (not subject to amortization) as of September 30, 2019 were as follows: ($ in thousands) Trade names $ 8,645 State licenses 2,886 Total $ 11,531 The trade names intangible asset represents the present value of future savings accruing NTA by virtue of not having to pay royalties for the use of the trade names, valued using the relief from royalty method. The state licenses intangible asset represents the regulatory licenses held by NTA that were valued using the cost approach.

Basis of Presentation - Investm

Basis of Presentation - Investment Contract and Life Policy Reserves (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Investment contract reserves	$ 4,658,148	$ 4,555,856
Policy reserves	1,549,740	1,155,337
Total	$ 6,207,888	$ 5,711,193

Basis of Presentation - Accumul

Basis of Presentation - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			$ 1,290,550
Other comprehensive income (loss) before reclassifications	$ (64,577)	$ 49,165	(292,043)	$ 211,577
Amounts reclassified from AOCI	(1,273)	(473)	(122,603)	2,399
Net current period other comprehensive income (loss)	63,304	(49,638)	169,440	(224,219)
Cumulative effect of change in accounting principle	0	0	0	(15,041)
Ending balance	1,578,612	1,304,256	1,578,612	1,304,256
Other income tax expense (benefit)	339	126	32,591	(638)
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	190,892	112,379	84,756	286,960
Cumulative effect of change in accounting principle	0	0	0	(15,041)
Ending balance	254,196	62,741	254,196	62,741
Net Unrealized Investment Gains (Losses) on Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	203,077	125,596	96,941	300,177
Other comprehensive income (loss) before reclassifications	(64,577)	49,165	(292,043)	211,577
Amounts reclassified from AOCI	(1,273)	(473)	(122,603)	2,399
Net current period other comprehensive income (loss)	63,304	(49,638)	169,440	(224,219)
Cumulative effect of change in accounting principle				(15,041)
Ending balance	266,381	75,958	266,381	75,958
Pretax reclassification amounts from accumulated other comprehensive income (loss)	1,612	599	155,194	(3,037)
Net Funded Status of Benefit Plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(12,185)	(13,217)	(12,185)	(13,217)
Other comprehensive income (loss) before reclassifications	0	0	0	0
Amounts reclassified from AOCI	0	0	0	0
Net current period other comprehensive income (loss)	0	0	0	0
Cumulative effect of change in accounting principle				0
Ending balance	$ (12,185)	$ (13,217)	$ (12,185)	$ (13,217)

Basis of Presentation - Narrati

Basis of Presentation - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jan. 01, 2019
Cash and Cash Equivalents [Line Items]
Right of use assets, included in Other assets	$ 17,527	$ 14,499
Operating lease liabilities, included in Other liabilities	18,439	$ 13,908
Cash
Cash and Cash Equivalents [Line Items]
Restricted cash	$ 672

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - USD ($) $ in Thousands	Jul. 01, 2019	Jan. 02, 2019	Sep. 30, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Goodwill			$ 48,744	$ 47,396
Benefit Consultants Group Inc.
Business Acquisition [Line Items]
Transaction value		$ 25,000
Finite-lived intangible assets acquired		16,200
Goodwill		10,100
Goodwill expected to be deductible for tax purposes		$ 10,100
NTA
Business Acquisition [Line Items]
Transaction value	$ 425,000
Goodwill	19,300
Goodwill expected to be deductible for tax purposes	17,900
Adjusted earnings consideration	$ 20,000
Minimum | Benefit Consultants Group Inc.
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, useful lives			10 years
Minimum | NTA
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, useful lives			14 years
Maximum | Benefit Consultants Group Inc.
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, useful lives			16 years
Maximum | NTA
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, useful lives			35 years

Investments - Summary of Fair V

Investments - Summary of Fair Value and Amortized Costs (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Unrealized gains and losses on fixed maturities and equity securities
Amortized Cost	$ 5,453,433	$ 7,373,911
Fair Value	5,839,560	7,515,318
Federal National Mortgage Association Certificates and Obligations (FNMA)
Unrealized gains and losses on fixed maturities and equity securities
Fair Value	429,676	441,308
Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC)
Unrealized gains and losses on fixed maturities and equity securities
Fair Value	290,964	417,308
Government National Mortgage Association Certificates and Obligations (GNMA)
Unrealized gains and losses on fixed maturities and equity securities
Fair Value	154,226	96,466
Total Fixed Maturity Securities
Unrealized gains and losses on fixed maturities and equity securities
Amortized Cost	5,453,433	7,373,911
Unrealized Gains	396,782	249,085
Unrealized Losses	10,655	107,678
Fair Value	5,839,560	7,515,318
Mortgage-backed securities
Unrealized gains and losses on fixed maturities and equity securities
Amortized Cost	698,794	778,038
Unrealized Gains	55,868	22,724
Unrealized Losses	307	13,321
Fair Value	754,355	787,441
Other, including U.S. Treasury securities
Unrealized gains and losses on fixed maturities and equity securities
Amortized Cost	430,149	835,096
Unrealized Gains	28,161	16,127
Unrealized Losses	135	17,681
Fair Value	458,175	833,542
Municipal bonds
Unrealized gains and losses on fixed maturities and equity securities
Amortized Cost	1,511,967	1,884,313
Unrealized Gains	164,811	133,150
Unrealized Losses	356	13,494
Fair Value	1,676,422	2,003,969
Foreign government bonds
Unrealized gains and losses on fixed maturities and equity securities
Amortized Cost	45,301	83,343
Unrealized Gains	2,616	2,321
Unrealized Losses	2	760
Fair Value	47,915	84,904
Corporate bonds
Unrealized gains and losses on fixed maturities and equity securities
Amortized Cost	1,465,217	2,054,105
Unrealized Gains	121,861	64,296
Unrealized Losses	1,970	38,891
Fair Value	1,585,108	2,079,510
Other mortgage-backed securities
Unrealized gains and losses on fixed maturities and equity securities
Amortized Cost	1,302,005	1,739,016
Unrealized Gains	23,465	10,467
Unrealized Losses	7,885	23,531
Fair Value	$ 1,317,585	$ 1,725,952

Acquisitions - Identifiable Ass

Acquisitions - Identifiable Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Jul. 01, 2019	Dec. 31, 2018
Liabilities:
Goodwill	$ 48,744		$ 47,396
Purchase price		$ 425,600
NTA
Assets:
Investments		542,600
Cash and short-term investments		73,800
Intangible assets		169,800
Other assets		18,300
Liabilities:
Policy reserves		366,800
Policy claims		21,800
Unearned premiums		4,100
Other liabilities		5,500
Total identifiable net assets acquired		406,300
Goodwill		19,300
Goodwill expected to be deductible for tax purposes		$ 17,900
Minimum | NTA
Liabilities:
Acquired finite-lived intangible assets, useful lives	14 years
Maximum | NTA
Liabilities:
Acquired finite-lived intangible assets, useful lives	35 years

Investments - Fair Value and Gr

Investments - Fair Value and Gross Unrealized Losses (Details) $ in Thousands	Sep. 30, 2019USD ($)security	Dec. 31, 2018USD ($)security
Fixed maturity securities, Fair Value
Fixed maturity securities, Fair Value, 12 Months or Less	$ 425,864
Fixed maturity securities, Fair Value, More than 12 Months	328,227
Fixed maturity securities, Fair Value, Total	754,091
Fixed maturity securities, Gross Unrealized Losses, 12 Months or Less	5,051
Fixed maturity securities, Gross Unrealized Losses, More than 12 Months	5,604
Fixed maturity securities, Gross Unrealized Losses, Total	$ 10,655
Number of positions with a gross unrealized loss, 12 Months or Less | security	214	1,052
Number of position with a gross unrealized loss, more than 12 months | security	102	359
Number of position with a gross unrealized loss, Total | security	316	1,411
Fair value as a percentage of total fixed maturities and equity securities fair value, 12 Months or Less	7.30%	33.20%
Fair value as a percentage of total fixed maturities and equity securities fair value, more than 12 months	5.60%	11.80%
Fair value as a percentage of total fixed maturities and equity securities fair value, Total	12.90%	45.00%
Mortgage-backed securities
Fixed maturity securities, Fair Value
Fixed maturity securities, Fair Value, 12 Months or Less	$ 21,323	$ 193,447
Fixed maturity securities, Fair Value, More than 12 Months	2,795	157,295
Fixed maturity securities, Fair Value, Total	24,118	350,742
Fixed maturity securities, Gross Unrealized Losses, 12 Months or Less	204	5,026
Fixed maturity securities, Gross Unrealized Losses, More than 12 Months	103	8,295
Fixed maturity securities, Gross Unrealized Losses, Total	307	13,321
Other
Fixed maturity securities, Fair Value
Fixed maturity securities, Fair Value, 12 Months or Less	12,712	263,497
Fixed maturity securities, Fair Value, More than 12 Months	2,024	246,213
Fixed maturity securities, Fair Value, Total	14,736	509,710
Fixed maturity securities, Gross Unrealized Losses, 12 Months or Less	128	6,746
Fixed maturity securities, Gross Unrealized Losses, More than 12 Months	7	10,935
Fixed maturity securities, Gross Unrealized Losses, Total	135	17,681
Municipal bonds
Fixed maturity securities, Fair Value
Fixed maturity securities, Fair Value, 12 Months or Less	11,707	291,869
Fixed maturity securities, Fair Value, More than 12 Months	13,185	95,297
Fixed maturity securities, Fair Value, Total	24,892	387,166
Fixed maturity securities, Gross Unrealized Losses, 12 Months or Less	74	7,603
Fixed maturity securities, Gross Unrealized Losses, More than 12 Months	282	5,891
Fixed maturity securities, Gross Unrealized Losses, Total	356	13,494
Foreign government bonds
Fixed maturity securities, Fair Value
Fixed maturity securities, Fair Value, 12 Months or Less	2,500	16,250
Fixed maturity securities, Fair Value, More than 12 Months	0	0
Fixed maturity securities, Fair Value, Total	2,500	16,250
Fixed maturity securities, Gross Unrealized Losses, 12 Months or Less	2	760
Fixed maturity securities, Gross Unrealized Losses, More than 12 Months	0	0
Fixed maturity securities, Gross Unrealized Losses, Total	2	760
Corporate bonds
Fixed maturity securities, Fair Value
Fixed maturity securities, Fair Value, 12 Months or Less	57,329	818,519
Fixed maturity securities, Fair Value, More than 12 Months	16,371	99,171
Fixed maturity securities, Fair Value, Total	73,700	917,690
Fixed maturity securities, Gross Unrealized Losses, 12 Months or Less	1,145	27,429
Fixed maturity securities, Gross Unrealized Losses, More than 12 Months	825	11,462
Fixed maturity securities, Gross Unrealized Losses, Total	1,970	38,891
Other mortgage-backed securities
Fixed maturity securities, Fair Value
Fixed maturity securities, Fair Value, 12 Months or Less	320,293	913,858
Fixed maturity securities, Fair Value, More than 12 Months	293,852	291,442
Fixed maturity securities, Fair Value, Total	614,145	1,205,300
Fixed maturity securities, Gross Unrealized Losses, 12 Months or Less	3,498	16,076
Fixed maturity securities, Gross Unrealized Losses, More than 12 Months	4,387	7,455
Fixed maturity securities, Gross Unrealized Losses, Total	$ 7,885	23,531
Total Fixed Maturity Securities
Fixed maturity securities, Fair Value
Fixed maturity securities, Fair Value, 12 Months or Less		2,497,440
Fixed maturity securities, Fair Value, More than 12 Months		889,418
Fixed maturity securities, Fair Value, Total		3,386,858
Fixed maturity securities, Gross Unrealized Losses, 12 Months or Less		63,640
Fixed maturity securities, Gross Unrealized Losses, More than 12 Months		44,038
Fixed maturity securities, Gross Unrealized Losses, Total		$ 107,678

Acquisitions - Pro Forma Inform

Acquisitions - Pro Forma Information Operations as Acquisition of NTA (Details) - NTA - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Total revenues	$ 1,175,977	$ 1,339,896
Total expenses	967,352	1,288,690
Income before income taxes	208,625	51,206
Net income	$ 161,463	$ 43,373
Earnings Per Share [Abstract]
Basic (in usd per share)	$ 3.87	$ 1.04
Diluted (in usd per share)	$ 3.85	$ 1.04

Investments - Rollforward of OT

Investments - Rollforward of OTTI Losses (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cumulative credit loss
Beginning of period	$ 1,529	$ 3,825
New credit losses	0	0
Increases to previously recognized credit losses	0	246
Losses related to securities sold or paid down during the period	0	(2,542)
End of period	$ 1,529	$ 1,529

Investments - Distribution of F

Investments - Distribution of Fixed Maturity Securities by Expected Maturity (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Percent of Total Fair Value
Due in 1 year or less, Percent of Total Fair Value	4.00%	4.80%
Due after 1 year through 5 years, Percent of Total Fair Value	26.50%	22.80%
Due after 5 years through 10 years, Percent of Total Fair Value	29.30%	32.80%
Due after 10 years through 20 years, Percent of Total Fair Value	24.90%	26.50%
Due after 20 years, Percent of Total Fair Value	15.30%	13.10%
Total, Percent of Total Fair Value	100.00%	100.00%
Fair Value
Due in 1 year or less, Fair Value	$ 234,818
Due after 1 year through 5 years, Fair Value	1,546,779
Due after 5 years through 10 years, Fair Value	1,709,053
Due after 10 years through 20 years, Fair Value	1,454,033
Due after 20 years, Fair Value	894,877
Fair Value	5,839,560	$ 7,515,318
Amortized Cost
Due in 1 year or less, Amortized Cost	228,604
Due after 1 year through 5 years, Amortized Cost	1,499,348
Due after 5 years through 10 years, Amortized Cost	1,601,491
Due after 10 years through 20 years, Amortized Cost	1,318,362
Due after 20 years, Amortized Cost	805,628
Total, Amortized Cost	$ 5,453,433	$ 7,373,911
Average option-adjusted duration, in years	6 years	5 years 10 months 24 days

Investments - Summary of Procee

Investments - Summary of Proceeds and Gains (Losses) Realized on Securities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019
Debt Securities, Available-for-sale [Line Items]
Proceeds received, Fixed maturity securities	$ 149,319	$ 170,223	$ 651,058	$ 360,246
Proceeds received, Equity securities	1,367	2,710	18,489	8,493
Investment gain realized on transfer			135,300
Reinsurance block of in-force fixed and variable annuity business					$ 2,900,000
Fixed maturity securities
Debt Securities, Available-for-sale [Line Items]
Gross gains realized	1,258	3,980	149,574	8,002
Gross losses realized	(1,047)	(5,893)	(7,128)	(7,530)
Equity securities
Debt Securities, Available-for-sale [Line Items]
Gross gains realized	428	885	5,562	2,478
Gross losses realized	$ (32)	$ (321)	$ (542)	$ (502)

Investments - Net Realized Gain

Investments - Net Realized Gain (Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Impairment write-downs	$ 0	$ 0	$ 0	$ 0
Change in intent write-downs	(5)	(70)	(276)	(1,357)
Net OTTI losses recognized in earnings	(5)	(70)	(276)	(1,357)
Sales and other, net	608	(1,331)	147,513	2,661
Change in fair value - equity securities	1,081	2,000	8,029	(4,342)
Change in fair value and gains (losses) realized on settlements - derivatives	(3,840)	2,204	(3,672)	4,922
Net investment gains (losses)	$ (2,156)	$ 2,803	$ 151,594	$ 1,884

Investments - Reconciliation of

Investments - Reconciliation of Net Unrealized Investment Gains (Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			$ 1,290,550
Change in net unrealized investment gains (losses) on fixed maturity securities	$ 63,304	$ (49,638)	169,440	$ (209,178)
Cumulative effect of change in accounting principle	0	0	0	(15,041)
Ending balance	1,578,612	1,304,256	1,578,612	1,304,256
Net unrealized investment gains (losses) on securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	203,077	125,596	96,941	300,177
Cumulative effect of change in accounting principle				(15,041)
Ending balance	266,381	75,958	266,381	75,958
Net unrealized investment gains (losses) on securities | Fixed maturity securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	231,087	144,998	111,712	286,176
Change in net unrealized investment gains (losses) on fixed maturity securities	75,283	(57,903)	315,988	(186,912)
Reclassification of net investment (gains) losses on securities to net income	(1,330)	(473)	(122,660)	2,399
Ending balance	$ 305,040	$ 86,622	$ 305,040	$ 86,622

Investments - Offsetting of Ass

Investments - Offsetting of Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Asset derivatives:
Net Amounts of Assets/Liabilities Presented in the Consolidated Balance Sheets	$ 10,685	$ 2,647
Free-standing derivatives
Asset derivatives:
Gross Amounts	10,685	2,647
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Net Amounts of Assets/Liabilities Presented in the Consolidated Balance Sheets	10,685	2,647
Gross Amounts Not Offset in the Consolidated Balance Sheets, Financial Instruments	0	0
Gross Amounts Not Offset in the Consolidated Balance Sheets, Cash Collateral Received	10,338	1,868
Net Amount	$ 347	$ 779

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Investment Holdings [Line Items]
Limited partnership interests	$ 354,611	$ 328,516
Fair value of issued securities	5,839,560	7,515,318
FHLB funding agreements	$ 575,000	675,000
Investment Grade Rate	77.50%
Federal Home Loans Bank Of Chicago
Investment Holdings [Line Items]
Fair value of issued securities	$ 629,010	740,016
Governmental Agencies as Required by Law in Various States
Investment Holdings [Line Items]
Fair value of issued securities	$ 26,119	$ 17,695

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Financial Instruments Measured and Carried at Fair Value (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	$ 5,839,560,000	$ 7,515,318,000
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	754,355,000	787,441,000
Other, including U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	458,175,000	833,542,000
Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	1,676,422,000	2,003,969,000
Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	47,915,000	84,904,000
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	1,585,108,000	2,079,510,000
Other mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	1,317,585,000	1,725,952,000
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	6,206,797,000	7,765,437,000
Separate Account (variable annuity) assets	2,308,134,000	2,001,128,000
Investment contract and policy reserves, embedded derivatives	1,145,000	248,000
Other policyholder funds, embedded derivatives	89,098,000	78,700,000
Carrying Amount | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	5,839,560,000	7,515,318,000
Carrying Amount | Short-term investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	237,819,000	122,222,000
Carrying Amount | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	754,355,000	787,441,000
Carrying Amount | Other, including U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	458,175,000	833,542,000
Carrying Amount | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	1,676,422,000	2,003,969,000
Carrying Amount | Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	47,915,000	84,904,000
Carrying Amount | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	1,585,108,000	2,079,510,000
Carrying Amount | Other mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	1,317,585,000	1,725,952,000
Carrying Amount | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	105,483,000	111,750,000
Carrying Amount | Other investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	23,935,000	16,147,000
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	6,206,797,000	7,765,437,000
Separate Account (variable annuity) assets	2,308,134,000	2,001,128,000
Investment contract and policy reserves, embedded derivatives	1,145,000	248,000
Other policyholder funds, embedded derivatives	89,098,000	78,700,000
Fair Value | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	5,839,560,000	7,515,318,000
Fair Value | Short-term investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	237,819,000	122,222,000
Fair Value | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	754,355,000	787,441,000
Fair Value | Other, including U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	458,175,000	833,542,000
Fair Value | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	1,676,422,000	2,003,969,000
Fair Value | Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	47,915,000	84,904,000
Fair Value | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	1,585,108,000	2,079,510,000
Fair Value | Other mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	1,317,585,000	1,725,952,000
Fair Value | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	105,483,000	111,750,000
Fair Value | Other investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	23,935,000	16,147,000
Fair Value | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	327,980,000	207,198,000
Separate Account (variable annuity) assets	2,308,134,000	2,001,128,000
Investment contract and policy reserves, embedded derivatives	0	0
Other policyholder funds, embedded derivatives	0	0
Fair Value | Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	32,285,000	25,572,000
Fair Value | Level 1 | Short-term investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	237,819,000	117,296,000
Fair Value | Level 1 | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	0	0
Fair Value | Level 1 | Other, including U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	17,779,000	13,291,000
Fair Value | Level 1 | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	0	0
Fair Value | Level 1 | Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	0	0
Fair Value | Level 1 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	14,506,000	12,281,000
Fair Value | Level 1 | Other mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	0	0
Fair Value | Level 1 | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	57,876,000	64,330,000
Fair Value | Level 1 | Other investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	0	0
Fair Value | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	5,587,618,000	7,309,750,000
Separate Account (variable annuity) assets	0	0
Investment contract and policy reserves, embedded derivatives	1,145,000	248,000
Other policyholder funds, embedded derivatives	0	0
Fair Value | Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	5,516,192,000	7,241,262,000
Fair Value | Level 2 | Short-term investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	0	4,926,000
Fair Value | Level 2 | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	749,551,000	784,224,000
Fair Value | Level 2 | Other, including U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	440,396,000	820,251,000
Fair Value | Level 2 | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	1,628,717,000	1,956,438,000
Fair Value | Level 2 | Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	47,915,000	84,904,000
Fair Value | Level 2 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	1,473,929,000	1,986,487,000
Fair Value | Level 2 | Other mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	1,175,684,000	1,608,958,000
Fair Value | Level 2 | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	47,491,000	47,415,000
Fair Value | Level 2 | Other investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	23,935,000	16,147,000
Fair Value | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	291,199,000	248,489,000
Separate Account (variable annuity) assets	0	0
Investment contract and policy reserves, embedded derivatives	0	0
Other policyholder funds, embedded derivatives	89,098,000	78,700,000
Fair Value | Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	291,083,000	248,484,000
Fair Value | Level 3 | Short-term investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	0	0
Fair Value | Level 3 | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	4,804,000	3,217,000
Fair Value | Level 3 | Other, including U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	0	0
Fair Value | Level 3 | Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	47,705,000	47,531,000
Fair Value | Level 3 | Foreign government bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	0	0
Fair Value | Level 3 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	96,673,000	80,742,000
Fair Value | Level 3 | Other mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	141,901,000	116,994,000
Fair Value | Level 3 | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	116,000	5,000
Fair Value | Level 3 | Other investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of issued securities	$ 0	$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Rollforward of Instruments Measured on Recurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Financial Assets
Beginning balance	$ 254,713	$ 271,651	$ 248,489	$ 230,257
Transfers into Level 3	39,921	17,030	67,801	90,661
Transfers out of Level 3	(3,271)	(970)	(8,147)	(16,479)
Total gains or losses
Net investment gains (losses) included in net income related to financial assets	46	0	46	(243)
Net unrealized investment gains (losses) included in OCI	2,983	(6,527)	9,955	(6,637)
Purchases	0	0	1,566	0
Issuances	0	0	0	0
Sales	0	(187)	(607)	(190)
Settlements	0	0	0	0
Paydowns, maturities and distributions	(3,193)	(19,513)	(27,904)	(35,885)
Ending balance	291,199	261,484	291,199	261,484
Financial Liabilities
Beginning balance	85,961	77,788	78,700	80,733
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Total gains or losses
Net realized (gains) losses included in net income related to financial liabilities	3,661	2,205	8,366	(1,308)
Net unrealized investment gains (losses) included in OCI	0	0	0	0
Purchases	0	0	0	0
Issuances	2,033	3,940	7,482	7,379
Sales	0	0	0	0
Settlements	0	0	0	0
Paydowns, maturities and distributions	(2,557)	(1,668)	(5,450)	(4,539)
Ending balance	89,098	82,265	89,098	82,265
Total Fixed Maturity Securities
Financial Assets
Beginning balance	254,644	271,645	248,484	230,251
Transfers into Level 3	39,920	17,030	67,736	90,661
Transfers out of Level 3	(3,271)	(970)	(8,147)	(16,479)
Total gains or losses
Net investment gains (losses) included in net income related to financial assets	0	0	0	(246)
Net unrealized investment gains (losses) included in OCI	2,983	(6,527)	9,955	(6,637)
Purchases	0	0	1,566	0
Issuances	0	0	0	0
Sales	0	(187)	(607)	(187)
Settlements	0	0	0	0
Paydowns, maturities and distributions	(3,193)	(19,513)	(27,904)	(35,885)
Ending balance	291,083	261,478	291,083	261,478
Municipal bonds
Financial Assets
Beginning balance	46,984	49,921	47,531	49,328
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Total gains or losses
Net investment gains (losses) included in net income related to financial assets	0	0	0	0
Net unrealized investment gains (losses) included in OCI	842	(471)	649	369
Purchases	0	0	0	0
Issuances	0	0	0	0
Sales	0	0	0	0
Settlements	0	0	0	0
Paydowns, maturities and distributions	(121)	(121)	(475)	(368)
Ending balance	47,705	49,329	47,705	49,329
Corporate bonds
Financial Assets
Beginning balance	79,222	92,663	80,742	72,979
Transfers into Level 3	18,916	0	24,798	40,487
Transfers out of Level 3	(2,822)	0	(7,698)	(11,279)
Total gains or losses
Net investment gains (losses) included in net income related to financial assets	0	0	0	(246)
Net unrealized investment gains (losses) included in OCI	1,744	128	6,254	(1,459)
Purchases	0	0	1,566	0
Issuances	0	0	0	0
Sales	0	0	0	0
Settlements	0	0	0	0
Paydowns, maturities and distributions	(387)	(3,926)	(8,989)	(11,617)
Ending balance	96,673	88,865	96,673	88,865
Mortgage-Backed Securities
Financial Assets
Beginning balance	128,438	129,061	120,211	107,944
Transfers into Level 3	21,004	17,030	42,938	50,174
Transfers out of Level 3	(449)	(970)	(449)	(5,200)
Total gains or losses
Net investment gains (losses) included in net income related to financial assets	0	0	0	0
Net unrealized investment gains (losses) included in OCI	397	(6,184)	3,052	(5,547)
Purchases	0	0	0	0
Issuances	0	0	0	0
Sales	0	(187)	(607)	(187)
Settlements	0	0	0	0
Paydowns, maturities and distributions	(2,685)	(15,466)	(18,440)	(23,900)
Ending balance	146,705	123,284	146,705	123,284
Equity securities
Financial Assets
Beginning balance	69	6	5	6
Transfers into Level 3	1	0	65	0
Transfers out of Level 3	0	0	0	0
Total gains or losses
Net investment gains (losses) included in net income related to financial assets	46	0	46	3
Net unrealized investment gains (losses) included in OCI	0	0	0	0
Purchases	0	0	0	0
Issuances	0	0	0	0
Sales	0	0	0	(3)
Settlements	0	0	0	0
Paydowns, maturities and distributions	0	0	0	0
Ending balance	$ 116	$ 6	$ 116	$ 6

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Financial Instrument Not Carried at Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Level 1
Investments
Other investments	$ 0	$ 0
Deposit asset on reinsurance	0
Financial Liabilities
Investment contract and policy reserves, fixed annuity contracts	0	0
Investment contract and policy reserves, account values on life contracts	0	0
Other policyholder funds	0	0
Short-term debt	0	0
Long-term debt	0	0
Level 2
Investments
Other investments	0	0
Deposit asset on reinsurance	0
Financial Liabilities
Investment contract and policy reserves, fixed annuity contracts	0	0
Investment contract and policy reserves, account values on life contracts	0	0
Other policyholder funds	526,113	626,325
Short-term debt	0	0
Long-term debt	318,271	291,938
Level 3
Investments
Other investments	175,478	161,449
Deposit asset on reinsurance	2,619,640
Financial Liabilities
Investment contract and policy reserves, fixed annuity contracts	4,581,321	4,478,338
Investment contract and policy reserves, account values on life contracts	94,899	90,402
Other policyholder funds	57,634	62,962
Short-term debt	135,000	0
Long-term debt	0	0
Carrying Amount
Investments
Other investments	171,579	156,725
Deposit asset on reinsurance	2,342,305
Financial Liabilities
Investment contract and policy reserves, fixed annuity contracts	4,658,148	4,555,849
Investment contract and policy reserves, account values on life contracts	91,788	87,229
Other policyholder funds	583,747	689,287
Short-term debt	135,000	0
Long-term debt	297,953	297,740
Fair Value
Investments
Other investments	175,478	161,449
Deposit asset on reinsurance	2,619,640
Financial Liabilities
Investment contract and policy reserves, fixed annuity contracts	4,581,321	4,478,338
Investment contract and policy reserves, account values on life contracts	94,899	90,402
Other policyholder funds	583,747	689,287
Short-term debt	135,000	0
Long-term debt	$ 318,271	$ 291,938

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Fair Value of Financial Instruments (Textual) [Abstract]
Net investment gains (losses) included in net income related to financial assets	$ 46	$ 0	$ 46	$ (243)
Level 3
Fair Value of Financial Instruments (Textual) [Abstract]
Percentage of invested assets in total investment portfolio Level 3 recurring	4.30%		4.30%
Net realized investment losses	$ (3,661)	$ (2,205)	$ (8,366)	$ (1,308)

Derivative Instruments - Fair V

Derivative Instruments - Fair Value of Derivatives in Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Assets
Derivatives included in Short-term and other investments	$ 10,685	$ 2,647
Short-term and other investments
Assets
Derivatives included in Short-term and other investments	10,685	2,647
Other policyholder funds
Liabilities
FIA - embedded derivatives, included in Other policyholder funds	89,098	78,700
Investment contract and life policy reserves
Liabilities
IUL - embedded derivatives, included in Investment contract and policy reserves	$ 1,145	$ 248

Derivative Instruments - Fair_2

Derivative Instruments - Fair Value of Derivatives Included in Consolidated Statements of Operations (Details) - Revenues - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Change in fair value of derivatives:
Net investment gains (losses)	$ (149)	$ 4,683	$ 5,280	$ 3,832
Change in fair value of embedded derivatives:
Net investment gains (losses)	$ (3,691)	$ (2,479)	$ (8,952)	$ 1,090

Derivative Instruments - Notion

Derivative Instruments - Notional and Fair Value Amounts of Derivative Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Derivative [Line Items]
Notional Amount	$ 307,500	$ 278,200
Fair Value	10,685	2,647
Bank of America, N.A.
Derivative [Line Items]
Notional Amount	145,100	144,500
Fair Value	5,026	870
Barclays Bank PLC
Derivative [Line Items]
Notional Amount	101,700	28,500
Fair Value	2,271	247
Citigroup Inc.
Derivative [Line Items]
Notional Amount	0	0
Fair Value	0	0
Credit Suisse International
Derivative [Line Items]
Notional Amount	0	16,100
Fair Value	0	55
Societe Generale
Derivative [Line Items]
Notional Amount	60,700	89,100
Fair Value	$ 3,388	$ 1,475

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Derivatives, Fair Value [Line Items]
Expected contract term	10 years
Maximum exposure	$ 250,000
Other liabilities
Derivatives, Fair Value [Line Items]
Fair value of collateral	$ 10,338,000	$ 1,868,000

Deposit Asset on Reinsurance -

Deposit Asset on Reinsurance - Narrative (Details) - USD ($) $ in Thousands	Apr. 01, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Effects of Reinsurance [Line Items]
Reinsurance block of in-force fixed and variable annuity business			$ 2,900,000
Fixed annuity reserves reinsured on a coinsurance basis	$ 2,200,000
Deposit asset on reinsurance	2,300,000	$ 2,342,305		$ 0
Investment gain realized, net of tax	$ 106,900
Separate account asset		2,308,134		2,001,128
Separate account liability		$ 2,308,134		$ 2,001,128
Reinsurance Deposit Receivable | Third Party Reinsurer Risk
Effects of Reinsurance [Line Items]
Concentration risk, percent		50.00%
Reinsurance Contract Modified Coinsurance Basis
Effects of Reinsurance [Line Items]
Separate account asset		$ 700,000
Separate account liability		$ 700,000
Minimum
Effects of Reinsurance [Line Items]
Minimum crediting rating		4.50%

Unpaid Claims and Claim Expen_3

Unpaid Claims and Claim Expenses - Summary of Reinsurance Reserve Balances (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Beginning Gross reserves			$ 396,714
Claims and claim expense payments for claims occurring during:
Ending Gross reserves	$ 412,272		412,272
Benefits, claims and settlement expenses	154,191	$ 161,846	446,267	$ 473,686
Property and Casualty
Segment Reporting Information [Line Items]
Beginning Gross reserves	367,862	352,817	367,180	319,182
Less: reinsurance recoverables	77,345	62,883	89,725	57,409
Net reserves, beginning of year	290,517	289,934	277,455	261,773
Incurred claims and claim expenses:
Claims occurring in the current period	122,470	140,035	375,648	408,028
Decrease in estimated reserves for claims occurring in prior years	(3,500)	0	(7,500)	(300)
Total claims and claim expenses incurred	118,970	140,035	368,148	407,728
Claims and claim expense payments for claims occurring during:
Current period	101,499	106,187	230,968	233,638
Prior periods	29,747	28,997	136,394	141,078
Total claims and claim expense payments	131,246	135,184	367,362	374,716
Net reserves, end of year	278,241	294,785	278,241	294,785
Plus: reinsurance recoverables	76,526	63,262	76,526	63,262
Ending Gross reserves	354,767	358,047	354,767	358,047
Life and Annuity segments
Claims and claim expense payments for claims occurring during:
Net reserves, end of year	57,505	26,589	57,505	26,589
Benefits, claims and settlement expenses	$ 35,221	$ 21,811	$ 78,119	$ 65,958

Unpaid Claims and Claim Expen_4

Unpaid Claims and Claim Expenses - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Insurance Loss Reserves [Abstract]
Favorable development of total reserves for property and casualty claims occurring in prior years	$ 7.5	$ 0.3

Debt - Summary of Indebtedness

Debt - Summary of Indebtedness (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Short-term debt:
Bank Credit Facility, expires June 21, 2024	$ 135,000,000	$ 0
Long-term debt:
Long-term debt	297,953,000	297,740,000
Debt and Lease Obligation	432,953,000	297,740,000
Senior Notes 4.50%
Long-term debt:
Long-term debt	247,953,000	247,740,000
Unamortized discount	$ 442,000	488,000
Stated rate	4.50%
Face amount	$ 250,000,000
Unamortized debt issuance costs	1,605,000	1,772,000
FHLB borrowing
Long-term debt:
Long-term debt	$ 50,000,000	$ 50,000,000

Reinsurance - Summary of Reinsu

Reinsurance - Summary of Reinsurance Activity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Gross Amount
Premiums written and contract deposits, Gross Amount	$ 374,598	$ 342,268	$ 988,588	$ 936,948
Premiums and contract charges earned, Gross Amount	245,200	210,953	671,871	628,582
Benefits, claims and settlement expenses, Gross Amount	154,718	163,912	450,206	486,339
Ceded to Other Companies
Premiums written and contract deposits, Ceded to Other Companies	5,968	5,370	17,844	16,367
Premiums and contract charges earned, Ceded to Other Companies	8,181	5,385	22,158	16,418
Benefits, claims and settlement expenses, Ceded to Other Companies	2,310	3,207	9,399	15,551
Assumed from Other Companies
Premiums written and contract deposits, Assumed from Other Companies	2,586	1,199	7,557	3,246
Premiums and contract charges earned, Assumed from Other Companies	2,662	1,252	7,849	3,264
Benefits, claims and settlement expenses, Assumed from Other Companies	1,783	1,141	5,460	2,898
Net Amount
Premiums written and contract deposits, Net Amount	371,216	338,097	978,301	923,827
Premiums and contract charges earned, Net Amount	239,681	206,820	657,562	615,428
Benefits, claims and settlement expenses, Net Amount	$ 154,191	$ 161,846	$ 446,267	$ 473,686

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Jun. 21, 2019	Jun. 20, 2019
Senior Notes 4.50%
Debt Instrument [Line Items]
Stated rate	4.50%
Line of Credit
Debt Instrument [Line Items]
Debt term	5 years
Borrowing capacity		$ 150,000,000	$ 225,000,000
Long-term Line of Credit	$ 135,000,000
Commitment fee percent	0.15%
London Interbank Offered Rate (LIBOR) | Line of Credit
Debt Instrument [Line Items]
Basis spread on variable rate	1.15%

Commitments - Narrative (Detail

Commitments - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Unfunded commitments to purchase investments	$ 198.3	$ 145.4

Segment Information - Summary o

Segment Information - Summary of Segment Activity (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)segment	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment			5
Number of operating segments | segment			4
Summarized financial information for these segments
Insurance premiums and contract charges earned	$ 239,681	$ 206,820	$ 657,562	$ 615,428
Net investment income	93,071	99,083	279,329	288,048
Net income	25,454	12,528	151,442	38,600
Assets	12,332,545		12,332,545		$ 11,031,896
Intersegment eliminations
Summarized financial information for these segments
Net investment income	(569)	(192)	(934)	(583)
Assets	(52,744)		(52,744)		(41,800)
Property and Casualty
Summarized financial information for these segments
Insurance premiums and contract charges earned	170,483	168,653	512,626	501,444
Property and Casualty | Operating segments
Summarized financial information for these segments
Net investment income	10,726	12,361	33,587	32,177
Net income	14,194	(3,190)	34,347	(4,364)
Assets	1,297,585		1,297,585		1,236,362
Supplemental
Summarized financial information for these segments
Insurance premiums and contract charges earned	32,921		32,921
Net investment income	3,691		3,691
Net income	6,943		6,943
Assets	745,345		745,345
Retirement
Summarized financial information for these segments
Insurance premiums and contract charges earned	6,624	8,031	22,133	23,924
Retirement | Operating segments
Summarized financial information for these segments
Net investment income	60,770	67,750	188,193	199,706
Net income	5,915	12,120	(6,979)	37,682
Assets	8,328,718		8,328,718		7,866,969
Life
Summarized financial information for these segments
Insurance premiums and contract charges earned	29,653	30,136	89,882	90,060
Life | Operating segments
Summarized financial information for these segments
Net investment income	18,453	19,123	54,829	56,629
Net income	5,101	5,331	13,617	14,997
Assets	1,857,331		1,857,331		1,821,351
Corporate and Other
Summarized financial information for these segments
Net investment income	0	41	(37)	119
Net income	(6,699)	$ (1,733)	103,514	$ (9,715)
Assets	$ 156,310		$ 156,310		$ 149,014

Operating Leases - Narrative (D

Operating Leases - Narrative (Details)	Sep. 30, 2019
Leases [Abstract]
Renewal term	25 years
Lessee, Lease, Description [Line Items]
Lease terms	4 years 8 months 26 days
Minimum
Lessee, Lease, Description [Line Items]
Lease terms	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease terms	6 years

Operating Leases - Components o

Operating Leases - Components of Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Leases [Abstract]
Operating lease cost	$ 1,124	$ 2,720
Short-term lease cost	57	155
Total lease cost	$ 1,181	$ 2,875

Operating Leases - Supplemental

Operating Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities	$ 1,006	$ 2,340

Operating Leases - Balance Shee

Operating Leases - Balance Sheet Information (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jan. 01, 2019
Leases [Abstract]
Right of use assets, included in Other assets	$ 17,527	$ 14,499
Operating lease liabilities, included in Other liabilities	$ 18,439	$ 13,908
Weighted average remaining lease term	4 years 8 months 26 days
Weighted average discount rate	3.78%

Operating Leases - Future Minim

Operating Leases - Future Minimum Operating Lease Payments (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jan. 01, 2019
Leases [Abstract]
2019 (excluding the nine months ended September 30, 2019)	$ 1,108
2020	4,443
2021	4,284
2022	4,156
2023	3,459
Thereafter	2,717
Total future minimum lease payments	20,167
Less imputed interest	(1,728)
Total	$ 18,439	$ 13,908

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information - Narrative (Details) $ in Billions	3 Months Ended
	Jun. 30, 2019USD ($)
Supplemental Cash Flow Elements [Abstract]
Transfer of investments and policy loans	$ 2.1
Reinsurance block of in-force fixed and variable annuity business	$ 2.9

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, net - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jun. 30, 2019	Sep. 30, 2019
Goodwill [Line Items]
Goodwill impairment charge		$ 28,025
Retirement
Goodwill [Line Items]
Goodwill impairment charge	$ 28,025	28,025
Benefit Consultants Group Inc.
Goodwill [Line Items]
Acquired finite-lived intangible assets		14,083
NTA
Goodwill [Line Items]
Acquired finite-lived intangible assets		$ 160,313

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, net - Goodwill Rollforward (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jun. 30, 2019	Sep. 30, 2019
Goodwill [Roll Forward]
Beginning balance		$ 47,396
Impairment		(28,025)
Acquisitions		29,373
Ending balance		48,744
Property and Casualty
Goodwill [Roll Forward]
Beginning balance		9,460
Impairment		0
Acquisitions		0
Ending balance		9,460
Supplemental
Goodwill [Roll Forward]
Beginning balance		0
Impairment		0
Acquisitions		19,286
Ending balance		19,286
Retirement
Goodwill [Roll Forward]
Beginning balance		28,025
Impairment	$ (28,025)	(28,025)
Acquisitions		10,087
Ending balance		10,087
Life
Goodwill [Roll Forward]
Beginning balance		9,911
Impairment		0
Acquisitions		0
Ending balance		$ 9,911

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets, net - Summary of Finite-Lived Intangible Assets (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Finite-Lived Intangible Assets [Line Items]
At inception	$ 174,476
Accumulated amortization	(4,862)
Total	169,614
Business acquired
Finite-Lived Intangible Assets [Line Items]
At inception	94,419
Accumulated amortization	$ (1,844)
Business acquired | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful Life (in Years)	35 years
Business acquired | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful Life (in Years)	17 years
Distribution acquired
Finite-Lived Intangible Assets [Line Items]
At inception	$ 53,996
Accumulated amortization	$ (973)
Distribution acquired | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful Life (in Years)	17 years
Distribution acquired | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful Life (in Years)	16 years
Agency relationships
Finite-Lived Intangible Assets [Line Items]
At inception	$ 16,981
Accumulated amortization	$ (745)
Useful Life (in Years)	14 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
At inception	$ 9,080
Accumulated amortization	$ (1,300)
Useful Life (in Years)	10 years

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets, net - Estimated Future Amortization (Details) $ in Thousands	Sep. 30, 2019USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2019 (excluding the nine months ended September 30, 2019)	$ 3,920
2020	14,471
2021	13,396
2022	12,420
2023	11,566
2024	10,796
Thereafter	103,045
Total	$ 169,614

Goodwill and Intangible Asset_7

Goodwill and Intangible Assets, net - Summary of Indefinite-Lived Intangibles (Details) $ in Thousands	Sep. 30, 2019USD ($)
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	$ 11,531
Trade names
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	8,645
State licenses
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	$ 2,886