XML 89 R77.htm IDEA: XBRL DOCUMENT v3.8.0.1
OPERATING SEGMENTS (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Summarized financial information for the company's segments          
Revenues $ 1,105,392 $ 1,053,788 $ 3,216,211 $ 3,388,532  
Pre-tax Adjusted Operating Income (Loss) 120,582 84,968 350,499 302,919  
Realized (losses) gains on investments and derivatives 45,400 9,299 35,413 286,907  
Income before income tax 165,982 94,267 385,912 589,826  
Income tax expense (49,016) (20,965) (120,975) (185,114)  
Net income 116,966 73,302 264,937 404,712  
Adjusted operating income tax (expense) benefit (33,126) (17,710) (108,580) (84,697)  
After-tax adjusted operating income 87,456 67,258 241,919 218,222  
Income tax benefit (expense) on adjustments (15,890) (3,255) (12,395) (100,417)  
Realized investment (losses) gains:          
Derivative financial instruments 5,302 532 (119,392) 75,988  
All other investments 18,150 24,152 94,526 194,644  
Net impairment losses recognized in earnings (273) (3,308) (8,259) (6,892)  
Less: related amortization (12,123) 21,532 (38,570) 4,409  
Less: VA GLWB economic cost (10,098) (9,455) (29,968) (27,576)  
Operating Segment Assets          
Investments and other assets 74,815,547   74,815,547   $ 70,959,790
DAC and VOBA 2,164,450   2,164,450   2,024,524
Other intangibles 672,912   672,912   687,348
Goodwill 793,470   793,470   793,470
Total assets 78,446,379   78,446,379   74,465,132
Life Marketing          
Summarized financial information for the company's segments          
Revenues 397,096 382,224 1,174,048 1,148,121  
Pre-tax Adjusted Operating Income (Loss) 10,798 (512) 55,217 37,712  
Operating Segment Assets          
Investments and other assets 14,700,306   14,700,306   14,050,905
DAC and VOBA 1,295,708   1,295,708   1,218,944
Other intangibles 286,444   286,444   300,664
Goodwill 200,274   200,274   200,274
Total assets 16,482,732   16,482,732   15,770,787
Acquisitions          
Summarized financial information for the company's segments          
Revenues 375,819 391,017 1,164,650 1,269,672  
Pre-tax Adjusted Operating Income (Loss) 62,880 70,157 184,825 184,095  
Operating Segment Assets          
Investments and other assets 19,681,306   19,681,306   19,679,690
DAC and VOBA 77,157   77,157   106,532
Other intangibles 35,187   35,187   37,103
Goodwill 14,524   14,524   14,524
Total assets 19,808,174   19,808,174   19,837,849
Annuities          
Summarized financial information for the company's segments          
Revenues 110,870 139,265 357,589 546,378  
Pre-tax Adjusted Operating Income (Loss) 51,779 43,033 130,128 135,789  
Operating Segment Assets          
Investments and other assets 20,442,345   20,442,345   20,076,818
DAC and VOBA 752,540   752,540   655,618
Other intangibles 173,450   173,450   183,449
Goodwill 336,677   336,677   336,677
Total assets 21,705,012   21,705,012   21,252,562
Stable Value Products          
Summarized financial information for the company's segments          
Revenues 49,933 27,380 132,863 83,519  
Pre-tax Adjusted Operating Income (Loss) 27,992 14,700 74,258 44,326  
Operating Segment Assets          
Investments and other assets 4,664,251   4,664,251   3,373,646
DAC and VOBA 7,605   7,605   5,455
Other intangibles 8,222   8,222   8,722
Goodwill 113,813   113,813   113,813
Total assets 4,793,891   4,793,891   3,501,636
Asset Protection          
Summarized financial information for the company's segments          
Revenues 93,799 79,030 277,433 229,128  
Pre-tax Adjusted Operating Income (Loss) 5,187 4,099 13,812 12,496  
Operating Segment Assets          
Investments and other assets 735,538   735,538   858,648
DAC and VOBA 31,440   31,440   37,975
Other intangibles 135,895   135,895   143,865
Goodwill 128,182   128,182   128,182
Total assets 1,031,055   1,031,055   1,168,670
Corporate and Other          
Summarized financial information for the company's segments          
Revenues 77,875 34,872 109,628 111,714  
Pre-tax Adjusted Operating Income (Loss) (38,054) $ (46,509) (107,741) $ (111,499)  
Operating Segment Assets          
Investments and other assets 14,591,801   14,591,801   12,920,083
DAC and VOBA 0   0   0
Other intangibles 33,714   33,714   13,545
Goodwill 0   0   0
Total assets $ 14,625,515   $ 14,625,515   $ 12,933,628