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INVESTMENT OPERATIONS - Amortized Cost and Fair Value of Investments (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Trading securities:    
Amortized Cost $ 52,452,334 $ 39,455,935
Gross Unrealized Gains 188,621 712,957
Gross Unrealized Losses (2,742,547) (680,458)
Fair Value 49,898,408 39,488,434
Total OTTI Recognized in OCI (28,827) (2,559)
Residential mortgage-backed securities    
Trading securities:    
Amortized Cost 3,641,678 2,321,811
Gross Unrealized Gains 23,248 19,412
Gross Unrealized Losses (61,935) (22,730)
Fair Value 3,602,991 2,318,493
Total OTTI Recognized in OCI (18) 41
Commercial mortgage-backed securities    
Trading securities:    
Amortized Cost 2,319,476 1,885,109
Gross Unrealized Gains 3,911 4,931
Gross Unrealized Losses (57,000) (29,552)
Fair Value 2,266,387 1,860,488
Total OTTI Recognized in OCI 0 0
Other asset-backed securities    
Trading securities:    
Amortized Cost 1,410,059 1,234,376
Gross Unrealized Gains 17,232 20,936
Gross Unrealized Losses (35,398) (5,763)
Fair Value 1,391,893 1,249,549
Total OTTI Recognized in OCI 0 0
U.S. government-related securities    
Trading securities:    
Amortized Cost 1,658,433 1,255,244
Gross Unrealized Gains 1,794 185
Gross Unrealized Losses (45,722) (32,177)
Fair Value 1,614,505 1,223,252
Total OTTI Recognized in OCI 0 0
Other government-related securities    
Trading securities:    
Amortized Cost 543,534 280,780
Gross Unrealized Gains 4,292 9,401
Gross Unrealized Losses (33,790) (4,948)
Fair Value 514,036 285,233
Total OTTI Recognized in OCI 0 0
States, municipals, and political subdivisions    
Trading securities:    
Amortized Cost 3,682,037 1,770,299
Gross Unrealized Gains 25,706 16,959
Gross Unrealized Losses (118,902) (45,613)
Fair Value 3,588,841 1,741,645
Total OTTI Recognized in OCI 876 (37)
Corporate securities    
Trading securities:    
Amortized Cost 38,467,380 29,446,365
Gross Unrealized Gains 112,438 618,582
Gross Unrealized Losses (2,378,240) (527,401)
Fair Value 36,201,578 29,537,546
Total OTTI Recognized in OCI (29,685) (2,563)
Redeemable preferred stock    
Trading securities:    
Amortized Cost 94,362 94,362
Gross Unrealized Gains 0 232
Gross Unrealized Losses (11,560) (3,503)
Fair Value 82,802 91,091
Total OTTI Recognized in OCI 0 0
Fixed Maturities    
Trading securities:    
Amortized Cost 51,816,959 38,288,346
Gross Unrealized Gains 188,621 690,638
Gross Unrealized Losses (2,742,547) (671,687)
Fair Value 49,263,033 38,307,297
Total OTTI Recognized in OCI (28,827) (2,559)
Equity securities    
Trading securities:    
Amortized Cost   696,706
Gross Unrealized Gains   22,319
Gross Unrealized Losses   (8,771)
Fair Value   710,254
Total OTTI Recognized in OCI   0
Short-term investments    
Trading securities:    
Amortized Cost 635,375 470,883
Gross Unrealized Gains 0 0
Gross Unrealized Losses 0 0
Fair Value 635,375 470,883
Total OTTI Recognized in OCI $ 0 $ 0