| Summary of Disaggregation of Revenues from Contracts |
The disaggregation of our revenues from contracts with customers were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, |
|
|
Six months ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
|
(In thousands) |
|
Term Life Insurance segment revenues: |
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|
|
|
|
|
|
|
|
|
|
|
Other, net |
|
$ |
11,243 |
|
|
$ |
12,221 |
|
|
$ |
22,518 |
|
|
$ |
24,966 |
|
Total segment revenues from contracts with customers |
|
|
11,243 |
|
|
|
12,221 |
|
|
|
22,518 |
|
|
|
24,966 |
|
Revenues from sources other than contracts with customers |
|
|
432,362 |
|
|
|
429,613 |
|
|
|
885,722 |
|
|
|
874,710 |
|
Total Term Life Insurance segment revenues |
|
$ |
443,605 |
|
|
$ |
441,834 |
|
|
$ |
908,240 |
|
|
$ |
899,676 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment and Savings Products segment revenues: |
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|
|
|
|
|
|
|
|
|
|
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Commissions and fees |
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|
|
|
|
|
|
|
|
|
|
|
Sales-based revenues |
|
$ |
135,509 |
|
|
$ |
115,933 |
|
|
$ |
271,864 |
|
|
$ |
227,204 |
|
Asset-based revenues |
|
|
184,755 |
|
|
|
141,811 |
|
|
|
359,106 |
|
|
|
280,941 |
|
Account-based revenues |
|
|
24,118 |
|
|
|
24,394 |
|
|
|
47,737 |
|
|
|
48,588 |
|
Other, net |
|
|
3,293 |
|
|
|
3,236 |
|
|
|
6,598 |
|
|
|
6,568 |
|
Total segment revenues from contracts with customers |
|
|
347,675 |
|
|
|
285,374 |
|
|
|
685,305 |
|
|
|
563,301 |
|
Revenues from sources other than contracts
with customers (segregated funds we underwrite) |
|
|
12,843 |
|
|
|
12,924 |
|
|
|
25,859 |
|
|
|
25,808 |
|
Total Investment and Savings Products segment revenues |
|
$ |
360,518 |
|
|
$ |
298,298 |
|
|
$ |
711,164 |
|
|
$ |
589,109 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate and Other Distributed Products segment revenues: |
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|
|
|
|
|
|
|
|
|
|
|
Commissions and fees |
|
$ |
11,385 |
|
|
$ |
10,970 |
|
|
$ |
20,786 |
|
|
$ |
20,447 |
|
Other, net |
|
|
1,018 |
|
|
|
937 |
|
|
|
2,323 |
|
|
|
1,996 |
|
Total segment revenues from contracts with customers |
|
|
12,403 |
|
|
|
11,907 |
|
|
|
23,109 |
|
|
|
22,443 |
|
Revenues from sources other than contracts with customers |
|
|
48,541 |
|
|
|
41,295 |
|
|
|
95,246 |
|
|
|
86,949 |
|
Total Corporate and Other Distributed Products segment revenues |
|
$ |
60,944 |
|
|
$ |
53,202 |
|
|
$ |
118,355 |
|
|
$ |
109,392 |
|
|
| Summary of Renewal Commissions Receivable |
Activity in the renewal commissions receivable account was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, |
|
|
Six months ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
|
(In thousands) |
|
Balance, beginning of period |
|
$ |
53,278 |
|
|
$ |
57,331 |
|
|
$ |
54,321 |
|
|
$ |
58,079 |
|
Commissions revenue |
|
|
5,710 |
|
|
|
5,793 |
|
|
|
10,636 |
|
|
|
11,077 |
|
Less: collections |
|
|
(6,338 |
) |
|
|
(6,309 |
) |
|
|
(12,307 |
) |
|
|
(12,341 |
) |
Balance, at the end of period |
|
$ |
52,650 |
|
|
$ |
56,815 |
|
|
$ |
52,650 |
|
|
$ |
56,815 |
|
|