| Summary of Disaggregation of Revenues from Contracts |
The disaggregation of our revenues from contracts with customers were as follows:
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|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, |
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|
Six months ended June 30, |
|
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
|
|
(In thousands) |
|
Term Life Insurance segment revenues: |
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|
|
|
|
|
|
|
|
|
|
|
Other, net |
|
$ |
12,221 |
|
|
$ |
12,624 |
|
|
$ |
24,966 |
|
|
$ |
25,274 |
|
Total segment revenues from contracts with customers |
|
|
12,221 |
|
|
|
12,624 |
|
|
|
24,966 |
|
|
|
25,274 |
|
Revenues from sources other than contracts with customers |
|
|
429,613 |
|
|
|
414,320 |
|
|
|
874,710 |
|
|
|
842,083 |
|
Total Term Life Insurance segment revenues |
|
$ |
441,834 |
|
|
$ |
426,944 |
|
|
$ |
899,676 |
|
|
$ |
867,357 |
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|
|
|
|
|
|
|
|
|
|
|
|
Investment and Savings Products segment revenues: |
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|
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|
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|
|
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Commissions and fees |
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|
|
|
|
|
|
|
|
|
|
|
Sales-based revenues |
|
$ |
115,933 |
|
|
$ |
101,177 |
|
|
$ |
227,204 |
|
|
$ |
189,924 |
|
Asset-based revenues |
|
|
141,811 |
|
|
|
119,411 |
|
|
|
280,941 |
|
|
|
234,110 |
|
Account-based revenues |
|
|
24,394 |
|
|
|
23,740 |
|
|
|
48,588 |
|
|
|
46,919 |
|
Other, net |
|
|
3,236 |
|
|
|
3,224 |
|
|
|
6,568 |
|
|
|
6,482 |
|
Total segment revenues from contracts with customers |
|
|
285,374 |
|
|
|
247,552 |
|
|
|
563,301 |
|
|
|
477,435 |
|
Revenues from sources other than contracts
with customers (segregated funds) |
|
|
12,924 |
|
|
|
13,354 |
|
|
|
25,808 |
|
|
|
27,187 |
|
Total Investment and Savings Products segment revenues |
|
$ |
298,298 |
|
|
$ |
260,906 |
|
|
$ |
589,109 |
|
|
$ |
504,622 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate and Other Distributed Products segment revenues: |
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|
|
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|
|
|
|
|
|
|
|
Commissions and fees |
|
$ |
10,970 |
|
|
$ |
10,511 |
|
|
$ |
20,447 |
|
|
$ |
18,998 |
|
Other, net |
|
|
937 |
|
|
|
764 |
|
|
|
1,996 |
|
|
|
1,467 |
|
Total segment revenues from contracts with customers |
|
|
11,907 |
|
|
|
11,275 |
|
|
|
22,443 |
|
|
|
20,465 |
|
Revenues from sources other than contracts with customers |
|
|
41,295 |
|
|
|
91,830 |
|
|
|
86,949 |
|
|
|
134,460 |
|
Total Corporate and Other Distributed Products segment revenues |
|
$ |
53,202 |
|
|
$ |
103,105 |
|
|
$ |
109,392 |
|
|
$ |
154,925 |
|
|
| Summary of Renewal Commissions Receivable |
Activity in the renewal commissions receivable account was as follows:
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|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, |
|
|
Six months ended June 30, |
|
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
|
|
(In thousands) |
|
Balance, beginning of period |
|
$ |
57,331 |
|
|
$ |
60,365 |
|
|
$ |
58,079 |
|
|
$ |
61,372 |
|
Commissions revenue |
|
|
5,793 |
|
|
|
5,864 |
|
|
|
11,077 |
|
|
|
10,903 |
|
Less: collections |
|
|
(6,309 |
) |
|
|
(6,349 |
) |
|
|
(12,341 |
) |
|
|
(12,395 |
) |
Balance, at the end of period |
|
$ |
56,815 |
|
|
$ |
59,880 |
|
|
$ |
56,815 |
|
|
$ |
59,880 |
|
|