XML 66 R54.htm IDEA: XBRL DOCUMENT v3.7.0.1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Reconciliation of Beginning and Ending Balances for Fair Value Measurements (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Transfers        
Securities transferred into Level 3 $ 0 $ 27,200,000 $ 0 $ 71,300,000
Securities transferred into Level 2 from Level 3 2,200,000 44,000,000 11,500,000 150,100,000
Securities transferred from Level 2 to Level 1 0 0 0 12,200,000
Securities transferred out of Level 1 0 0 0 100,000
Level 3        
Assets:        
Beginning Balance 1,467,580,000 1,651,483,000 1,498,010,000 1,795,178,000
Total Realized and Unrealized Gains Included in Earnings 976,000 19,046,000 9,729,000 30,658,000
Total Realized and Unrealized Gains Included in Other Comprehensive Income 10,027,000 16,958,000 21,328,000 31,880,000
Total Realized and Unrealized Losses Included in Earnings (11,596,000) (10,411,000) (29,048,000) (32,721,000)
Total Realized and Unrealized Losses Included in Other Comprehensive Income (4,517,000) (9,044,000) (5,630,000) (28,388,000)
Purchases 55,354,000 30,085,000 92,613,000 47,514,000
Sales (68,201,000) (65,360,000) (128,411,000) (146,597,000)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers in/out of Level 3 (2,220,000) (16,773,000) (11,507,000) (78,802,000)
Other (550,000) (1,700,000) (231,000) (4,438,000)
Ending Balance 1,446,853,000 1,614,284,000 1,446,853,000 1,614,284,000
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date (10,414,000) 7,711,000 (18,599,000) (5,547,000)
Liabilities:        
Beginning Balance 525,216,000 586,361,000 493,419,000 468,360,000
Total Realized and Unrealized Gains Included in Earnings 0 15,217,000 15,280,000 15,585,000
Total Realized and Unrealized Gains Included in Other Comprehensive Income 0 0 0 0
Total Realized and Unrealized Losses Included in Earnings (95,072,000) (100,555,000) (144,237,000) (221,879,000)
Total Realized and Unrealized Losses Included in Other Comprehensive Income 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Issuances 212,000 63,000 392,000 250,000
Settlements 1,643,000 1,896,000 3,911,000 5,038,000
Transfers in/out of Level 3 0 0 0 0
Other 0 0 0 0
Ending Balance 618,857,000 669,866,000 618,857,000 669,866,000
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date (93,962,000) (84,808,000) (126,960,000) (205,198,000)
Level 3 | Annuity account        
Liabilities:        
Beginning Balance 86,415,000 90,123,000 87,616,000 92,512,000
Total Realized and Unrealized Gains Included in Earnings 0 0 0 0
Total Realized and Unrealized Gains Included in Other Comprehensive Income 0 0 0 0
Total Realized and Unrealized Losses Included in Earnings (1,110,000) (530,000) (1,997,000) (1,096,000)
Total Realized and Unrealized Losses Included in Other Comprehensive Income 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Issuances 212,000 63,000 392,000 250,000
Settlements 1,643,000 1,896,000 3,911,000 5,038,000
Transfers in/out of Level 3 0 0 0 0
Other 0 0 0 0
Ending Balance 86,094,000 88,820,000 86,094,000 88,820,000
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date 0 0 0 0
Level 3 | Other liabilities        
Liabilities:        
Beginning Balance 438,801,000 496,238,000 405,803,000 375,848,000
Total Realized and Unrealized Gains Included in Earnings 0 15,217,000 15,280,000 15,585,000
Total Realized and Unrealized Gains Included in Other Comprehensive Income 0 0 0 0
Total Realized and Unrealized Losses Included in Earnings (93,962,000) (100,025,000) (142,240,000) (220,783,000)
Total Realized and Unrealized Losses Included in Other Comprehensive Income 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers in/out of Level 3 0 0 0 0
Other 0 0 0 0
Ending Balance 532,763,000 581,046,000 532,763,000 581,046,000
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date (93,962,000) (84,808,000) (126,960,000) (205,198,000)
Level 3 | Total investments        
Assets:        
Beginning Balance 1,467,580,000 1,651,483,000 1,498,010,000 1,795,178,000
Total Realized and Unrealized Gains Included in Earnings 976,000 19,046,000 9,729,000 30,658,000
Total Realized and Unrealized Gains Included in Other Comprehensive Income 10,027,000 16,958,000 21,328,000 31,880,000
Total Realized and Unrealized Losses Included in Earnings (11,596,000) (10,411,000) (29,048,000) (32,721,000)
Total Realized and Unrealized Losses Included in Other Comprehensive Income (4,517,000) (9,044,000) (5,630,000) (28,388,000)
Purchases 55,354,000 30,085,000 92,613,000 47,514,000
Sales (68,201,000) (65,360,000) (128,411,000) (146,597,000)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers in/out of Level 3 (2,220,000) (16,773,000) (11,507,000) (78,802,000)
Other (550,000) (1,700,000) (231,000) (4,438,000)
Ending Balance 1,446,853,000 1,614,284,000 1,446,853,000 1,614,284,000
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date (10,414,000) 7,711,000 (18,599,000) (5,547,000)
Level 3 | Fixed maturities        
Assets:        
Beginning Balance 1,297,897,000 1,527,931,000 1,316,708,000 1,660,290,000
Total Realized and Unrealized Gains Included in Earnings 245,000 2,771,000 3,753,000 10,166,000
Total Realized and Unrealized Gains Included in Other Comprehensive Income 10,027,000 16,958,000 21,328,000 31,880,000
Total Realized and Unrealized Losses Included in Earnings (215,000) (8,000) (801,000) (5,336,000)
Total Realized and Unrealized Losses Included in Other Comprehensive Income (4,517,000) (9,044,000) (5,630,000) (28,388,000)
Purchases 55,354,000 30,063,000 92,613,000 46,063,000
Sales (68,098,000) (65,360,000) (128,308,000) (146,597,000)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers in/out of Level 3 (2,220,000) (16,773,000) (11,510,000) (78,802,000)
Other (551,000) (1,700,000) (231,000) (4,438,000)
Ending Balance 1,287,922,000 1,484,838,000 1,287,922,000 1,484,838,000
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date 236,000 1,839,000 3,672,000 1,346,000
Level 3 | Fixed maturities | Available-for-sale securities        
Assets:        
Beginning Balance 1,223,641,000 1,371,571,000 1,226,653,000 1,489,153,000
Total Realized and Unrealized Gains Included in Earnings 0 925,000 0 7,784,000
Total Realized and Unrealized Gains Included in Other Comprehensive Income 10,027,000 16,958,000 21,328,000 31,880,000
Total Realized and Unrealized Losses Included in Earnings 0 0 0 (4,135,000)
Total Realized and Unrealized Losses Included in Other Comprehensive Income (4,517,000) (9,044,000) (5,630,000) (28,388,000)
Purchases 55,354,000 19,155,000 92,613,000 35,155,000
Sales (54,078,000) (64,752,000) (94,980,000) (140,314,000)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers in/out of Level 3 (2,220,000) (16,773,000) (11,510,000) (70,495,000)
Other (728,000) (1,753,000) (995,000) (4,353,000)
Ending Balance 1,227,479,000 1,316,287,000 1,227,479,000 1,316,287,000
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date 0 0 0 0
Level 3 | Fixed maturities | Trading Securities        
Assets:        
Beginning Balance 74,256,000 156,360,000 90,055,000 171,137,000
Total Realized and Unrealized Gains Included in Earnings 245,000 1,846,000 3,753,000 2,382,000
Total Realized and Unrealized Gains Included in Other Comprehensive Income 0 0 0 0
Total Realized and Unrealized Losses Included in Earnings (215,000) (8,000) (801,000) (1,201,000)
Total Realized and Unrealized Losses Included in Other Comprehensive Income 0 0 0 0
Purchases 0 10,908,000 0 10,908,000
Sales (14,020,000) (608,000) (33,328,000) (6,283,000)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers in/out of Level 3 0 0 0 (8,307,000)
Other 177,000 53,000 764,000 (85,000)
Ending Balance 60,443,000 168,551,000 60,443,000 168,551,000
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date 236,000 1,839,000 3,672,000 1,346,000
Level 3 | Residential mortgage-backed securities | Available-for-sale securities        
Assets:        
Beginning Balance 0 3,000 3,000 3,000
Total Realized and Unrealized Gains Included in Earnings 0 0 0 0
Total Realized and Unrealized Gains Included in Other Comprehensive Income 0 0 0 0
Total Realized and Unrealized Losses Included in Earnings 0 0 0 0
Total Realized and Unrealized Losses Included in Other Comprehensive Income 0 0 0 0
Purchases 11,862,000 0 11,862,000 0
Sales 0 0 (3,000) 0
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers in/out of Level 3 0 0 0 0
Other 0 0 0 0
Ending Balance 11,862,000 3,000 11,862,000 3,000
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date 0 0 0 0
Level 3 | Commercial mortgage-backed securities | Available-for-sale securities        
Assets:        
Beginning Balance 0 0 0 0
Total Realized and Unrealized Gains Included in Earnings 0 0 0 0
Total Realized and Unrealized Gains Included in Other Comprehensive Income 0 0 0 0
Total Realized and Unrealized Losses Included in Earnings 0 0 0 0
Total Realized and Unrealized Losses Included in Other Comprehensive Income 0 0 0 0
Purchases 0 0 0 0
Sales 0 0 0 0
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers in/out of Level 3 0 0 0 0
Other 0 0 0 0
Ending Balance 0 0 0 0
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date 0 0 0 0
Level 3 | Other asset-backed securities | Available-for-sale securities        
Assets:        
Beginning Balance 556,936,000 537,831,000 562,604,000 587,031,000
Total Realized and Unrealized Gains Included in Earnings 0 0 0 6,859,000
Total Realized and Unrealized Gains Included in Other Comprehensive Income 0 769,000 3,530,000 769,000
Total Realized and Unrealized Losses Included in Earnings 0 0 0 0
Total Realized and Unrealized Losses Included in Other Comprehensive Income (4,257,000) (8,350,000) (5,088,000) (21,407,000)
Purchases 0 9,597,000 0 9,597,000
Sales (12,000) (7,629,000) (2,027,000) (58,449,000)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers in/out of Level 3 0 0 (6,643,000) 7,457,000
Other 296,000 923,000 587,000 1,284,000
Ending Balance 552,963,000 533,141,000 552,963,000 533,141,000
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date 0 0 0 0
Level 3 | Other asset-backed securities | Trading Securities        
Assets:        
Beginning Balance 68,752,000 150,683,000 84,563,000 152,912,000
Total Realized and Unrealized Gains Included in Earnings 205,000 1,822,000 3,679,000 2,050,000
Total Realized and Unrealized Gains Included in Other Comprehensive Income 0 0 0 0
Total Realized and Unrealized Losses Included in Earnings (215,000) (8,000) (801,000) (942,000)
Total Realized and Unrealized Losses Included in Other Comprehensive Income 0 0 0 0
Purchases 0 0 0 0
Sales (14,020,000) (609,000) (33,328,000) (2,212,000)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers in/out of Level 3 0 0 0 172,000
Other 201,000 76,000 810,000 (16,000)
Ending Balance 54,923,000 151,964,000 54,923,000 151,964,000
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date 196,000 1,814,000 3,598,000 1,105,000
Level 3 | Corporate securities | Available-for-sale securities        
Assets:        
Beginning Balance 666,705,000 833,737,000 664,046,000 902,119,000
Total Realized and Unrealized Gains Included in Earnings 0 925,000 0 925,000
Total Realized and Unrealized Gains Included in Other Comprehensive Income 10,027,000 16,189,000 17,798,000 31,111,000
Total Realized and Unrealized Losses Included in Earnings 0 0 0 (4,135,000)
Total Realized and Unrealized Losses Included in Other Comprehensive Income (260,000) (694,000) (542,000) (6,981,000)
Purchases 43,492,000 9,558,000 80,751,000 25,558,000
Sales (54,066,000) (57,123,000) (92,950,000) (81,865,000)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers in/out of Level 3 (2,220,000) (16,773,000) (4,867,000) (77,952,000)
Other (1,024,000) (2,676,000) (1,582,000) (5,637,000)
Ending Balance 662,654,000 783,143,000 662,654,000 783,143,000
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date 0 0 0 0
Level 3 | Corporate securities | Trading Securities        
Assets:        
Beginning Balance 5,504,000 5,677,000 5,492,000 18,225,000
Total Realized and Unrealized Gains Included in Earnings 40,000 24,000 74,000 332,000
Total Realized and Unrealized Gains Included in Other Comprehensive Income 0 0 0 0
Total Realized and Unrealized Losses Included in Earnings 0 0 0 (259,000)
Total Realized and Unrealized Losses Included in Other Comprehensive Income 0 0 0 0
Purchases 0 10,908,000 0 10,908,000
Sales 0 1,000 0 (4,071,000)
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers in/out of Level 3 0 0 0 (8,479,000)
Other (24,000) (23,000) (46,000) (69,000)
Ending Balance 5,520,000 16,587,000 5,520,000 16,587,000
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date 40,000 25,000 74,000 241,000
Level 3 | Equity securities        
Assets:        
Beginning Balance 65,788,000 66,504,000 65,786,000 66,504,000
Total Realized and Unrealized Gains Included in Earnings 0 0 0 0
Total Realized and Unrealized Gains Included in Other Comprehensive Income 0 0 0 0
Total Realized and Unrealized Losses Included in Earnings 0 0 0 0
Total Realized and Unrealized Losses Included in Other Comprehensive Income 0 0 0 0
Purchases 0 22,000 0 22,000
Sales (103,000) 0 (103,000) 0
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers in/out of Level 3 0 0 3,000 0
Other 1,000 0 0 0
Ending Balance 65,686,000 66,526,000 65,686,000 66,526,000
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date 0 0 0 0
Level 3 | Other long-term investments        
Assets:        
Beginning Balance 103,895,000 57,048,000 115,516,000 68,384,000
Total Realized and Unrealized Gains Included in Earnings 731,000 16,275,000 5,976,000 20,492,000
Total Realized and Unrealized Gains Included in Other Comprehensive Income 0 0 0 0
Total Realized and Unrealized Losses Included in Earnings (11,381,000) (10,403,000) (28,247,000) (27,385,000)
Total Realized and Unrealized Losses Included in Other Comprehensive Income 0 0 0 0
Purchases 0 0 0 1,429,000
Sales 0 0 0 0
Issuances 0 0 0 0
Settlements 0 0 0 0
Transfers in/out of Level 3 0 0 0 0
Other 0 0 0 0
Ending Balance 93,245,000 62,920,000 93,245,000 62,920,000
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date $ (10,650,000) $ 5,872,000 $ (22,271,000) $ (6,893,000)