OFFSETTING OF ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2018

Offsetting [Abstract]

Schedule of derivative assets

The tables below present the derivative instruments by assets and liabilities for the Company as of December 31, 2018:

	Gross  Amounts of  Recognized  Assets		Gross  Amounts  Offset in the  Statement of  Financial  Position		Net Amounts  of Assets  Presented in  the Statement of  Financial  Position		Gross Amounts Not Offset in the Statement of Financial Position
							Financial  Instruments		Collateral Received		Net Amount
	(Dollars In Thousands)
Offsetting of Derivative Assets
Derivatives:
Free-Standing derivatives	$	263,349	$	—	$	263,349	$	70,322	$	99,199	$	93,828
Total derivatives, subject to a master netting arrangement or similar arrangement	263,349		—		263,349		70,322		99,199		93,828
Derivatives not subject to a master netting arrangement or similar arrangement
Embedded derivative - Modco reinsurance treaties	7,072		—		7,072		—		—		7,072
Embedded derivative - GLWB	54,221		—		54,221		—		—		54,221
Derivatives with PLC	90,049		—		90,049		—		—		90,049
Other	136		—		136		—		—		136
Total derivatives, not subject to a master netting arrangement or similar arrangement	151,478		—		151,478		—		—		151,478
Total derivatives	414,827		—		414,827		70,322		99,199		245,306
Total Assets	$	414,827	$	—	$	414,827	$	70,322	$	99,199	$	245,306

The tables below present the derivative instruments by assets and liabilities for the Company as of December 31, 2017.

	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Assets Presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position
							Financial Instruments		Collateral Received		Net Amount
	(Dollars In Thousands)
Offsetting of Derivative Assets
Derivatives:
Free-Standing derivatives	$	468,871	$	—	$	468,871	$	242,105	$	108,830	$	117,936
Total derivatives, subject to a master netting arrangement or similar arrangement	468,871		—		468,871		242,105		108,830		117,936
Derivatives not subject to a master netting arrangement or similar arrangement
Embedded derivative - Modco reinsurance treaties	1,009		—		1,009		—		—		1,009
Embedded derivative - GLWB	67,879		—		67,879		—		—		67,879
Derivatives with PLC	91,578		—		91,578		—		—		91,578
Other	200		—		200		—		—		200
Total derivatives, not subject to a master netting arrangement or similar arrangement	160,666		—		160,666		—		—		160,666
Total derivatives	629,537		—		629,537		242,105		108,830		278,602
Total Assets	$	629,537	$	—	$	629,537	$	242,105	$	108,830	$	278,602

Schedule of derivative liabilities

	Gross Amounts of Recognized  Liabilities		Gross  Amounts Offset in the Statement of Financial Position		Net Amounts of Liabilities Presented in  the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position
							Financial  Instruments		Collateral  Posted		Net Amount
	(Dollars In Thousands)
Offsetting of Derivative Liabilities
Derivatives:
Free-Standing derivatives	$	125,519	$	—	$	125,519	$	70,322	$	47,856	$	7,341
Total derivatives, subject to a master netting arrangement or similar arrangement	125,519		—		125,519		70,322		47,856		7,341
Derivatives not subject to a master netting arrangement or similar arrangement
Embedded derivative - Modco reinsurance treaties	32,828		—		32,828		—		—		32,828
Funds withheld derivative	95,142		—		95,142		—		—		95,142
Embedded derivative - GLWB	97,528		—		97,528		—		—		97,528
Embedded derivative - FIA	217,288		—		217,288		—		—		217,288
Embedded derivative - IUL	90,231		—		90,231		—		—		90,231
Other	252		—		252		—		—		252
Total derivatives, not subject to a master netting arrangement or similar arrangement	533,269		—		533,269		—		—		533,269
Total derivatives	658,788		—		658,788		70,322		47,856		540,610
Repurchase agreements(1)	418,090		—		418,090		—		—		418,090
Total Liabilities	$	1,076,878	$	—	$	1,076,878	$	70,322	$	47,856	$	958,700

(1) Borrowings under repurchase agreements are for a term less than 90 days.

	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Statement of Financial Position		Net Amounts of Liabilities Presented in the Statement of Financial Position		Gross Amounts Not Offset in the Statement of Financial Position
							Financial Instruments		Collateral Posted		Net Amount
	(Dollars In Thousands)
Offsetting of Derivative Liabilities
Derivatives:
Free-Standing derivatives	$	246,682	$	—	$	246,682	$	242,105	$	4,577	$	—
Total derivatives, subject to a master netting arrangement or similar arrangement	246,682		—		246,682		242,105		4,577		—
Derivatives not subject to a master netting arrangement or similar arrangement
Embedded derivative - Modco reinsurance treaties	215,247		—		215,247		—		—		215,247
Funds withheld derivative	61,729		—		61,729		—		—		61,729
Embedded derivative - GLWB	83,427		—		83,427		—		—		83,427
Embedded derivative - FIA	218,676		—		218,676		—		—		218,676
Embedded derivative - IUL	80,212		—		80,212		—		—		80,212
Total derivatives, not subject to a master netting arrangement or similar arrangement	659,291		—		659,291		—		—		659,291
Total derivatives	905,973		—		905,973		242,105		4,577		659,291
Repurchase agreements(1)	885,000		—		885,000		—		—		885,000
Total Liabilities	$	1,790,973	$	—	$	1,790,973	$	242,105	$	4,577	$	1,544,291

(1) Borrowings under repurchase agreements are for a term less than 90 days.