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FAIR VALUE OF FINANCIAL INSTRUMENTS - Hierarchy for Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Assets:    
Fixed maturity securities - available-for-sale $ 49,898,408 $ 39,488,434
Fixed maturity securities - trading 2,457,010 2,725,694
Total fixed maturity securities 51,679,226 40,971,486
Equity securities 557,708 715,498
Other long-term investments 414,827 629,537
Short-term investments 666,301 527,144
Assets related to separate accounts    
Variable annuity 12,288,919 13,956,071
Variable universal life 937,732 1,035,202
Fixed Maturities    
Assets:    
Fixed maturity securities - available-for-sale 49,263,033  
Level 2 | Corporate securities    
Assets:    
Total investments 42,100,000  
Level 3 | Other asset-backed securities    
Assets:    
Total investments 421,458 504,228
Level 3 | Corporate securities    
Assets:    
Total investments 631,068 617,770
Measured at fair value on a recurring basis    
Assets:    
Total fixed maturity securities 51,679,225 40,971,486
Equity securities 557,708 715,498
Other long-term investments 414,827 629,537
Short-term investments 666,301 527,144
Total investments 53,318,061 42,843,665
Cash 151,400 178,855
Assets related to separate accounts    
Variable annuity 12,288,919 13,956,071
Variable universal life 937,732 1,035,202
Total assets measured at fair value on a recurring basis 66,696,112 58,013,793
Liabilities:    
Annuity account balances 76,119 83,472
Other liabilities 658,788 905,973
Total liabilities measured at fair value on a recurring basis 734,907 989,445
Measured at fair value on a recurring basis | Residential mortgage-backed securities    
Assets:    
Fixed maturity securities - available-for-sale 3,602,991 2,318,493
Fixed maturity securities - trading 241,836 259,694
Measured at fair value on a recurring basis | Commercial mortgage-backed securities    
Assets:    
Fixed maturity securities - available-for-sale 2,266,387 1,860,488
Fixed maturity securities - trading 188,925 146,804
Measured at fair value on a recurring basis | Other asset-backed securities    
Assets:    
Fixed maturity securities - available-for-sale 1,391,893 1,249,549
Fixed maturity securities - trading 159,907 138,097
Measured at fair value on a recurring basis | U.S. government-related securities    
Assets:    
Fixed maturity securities - available-for-sale 1,614,505 1,223,252
Fixed maturity securities - trading 59,794 27,234
Measured at fair value on a recurring basis | States, municipals, and political subdivisions    
Assets:    
Fixed maturity securities - available-for-sale 3,588,841 1,741,645
Fixed maturity securities - trading 286,413 326,925
Measured at fair value on a recurring basis | Other government-related securities    
Assets:    
Fixed maturity securities - available-for-sale 514,036 285,233
Fixed maturity securities - trading 44,207 63,925
Measured at fair value on a recurring basis | Corporate securities    
Assets:    
Fixed maturity securities - available-for-sale 36,201,578 29,537,546
Fixed maturity securities - trading 1,423,833 1,698,183
Measured at fair value on a recurring basis | Redeemable preferred stock    
Assets:    
Fixed maturity securities - available-for-sale 82,802 91,091
Fixed maturity securities - trading 11,277 3,327
Measured at fair value on a recurring basis | Fixed Maturities    
Assets:    
Fixed maturity securities - available-for-sale 49,263,033 38,307,297
Fixed maturity securities - trading 2,416,192 2,664,189
Measured at fair value on a recurring basis | Level 1    
Assets:    
Total fixed maturity securities 1,089,751 1,055,756
Equity securities 494,287 649,981
Other long-term investments 83,047 51,102
Short-term investments 589,084 394,394
Total investments 2,256,169 2,151,233
Cash 151,400 178,855
Assets related to separate accounts    
Variable annuity 12,288,919 13,956,071
Variable universal life 937,732 1,035,202
Total assets measured at fair value on a recurring basis 15,634,220 17,321,361
Liabilities:    
Annuity account balances 0 0
Other liabilities 56,018 5,755
Total liabilities measured at fair value on a recurring basis 56,018 5,755
Measured at fair value on a recurring basis | Level 1 | Residential mortgage-backed securities    
Assets:    
Fixed maturity securities - available-for-sale 0 0
Fixed maturity securities - trading 0 0
Measured at fair value on a recurring basis | Level 1 | Commercial mortgage-backed securities    
Assets:    
Fixed maturity securities - available-for-sale 0 0
Fixed maturity securities - trading 0 0
Measured at fair value on a recurring basis | Level 1 | Other asset-backed securities    
Assets:    
Fixed maturity securities - available-for-sale 0 0
Fixed maturity securities - trading 0 0
Measured at fair value on a recurring basis | Level 1 | U.S. government-related securities    
Assets:    
Fixed maturity securities - available-for-sale 985,485 958,775
Fixed maturity securities - trading 27,453 21,183
Measured at fair value on a recurring basis | Level 1 | States, municipals, and political subdivisions    
Assets:    
Fixed maturity securities - available-for-sale 0 0
Fixed maturity securities - trading 0 0
Measured at fair value on a recurring basis | Level 1 | Other government-related securities    
Assets:    
Fixed maturity securities - available-for-sale 0
Fixed maturity securities - trading 0 0
Measured at fair value on a recurring basis | Level 1 | Corporate securities    
Assets:    
Fixed maturity securities - available-for-sale 0 0
Fixed maturity securities - trading 0 0
Measured at fair value on a recurring basis | Level 1 | Redeemable preferred stock    
Assets:    
Fixed maturity securities - available-for-sale 65,536 72,471
Fixed maturity securities - trading 11,277 3,327
Measured at fair value on a recurring basis | Level 1 | Fixed Maturities    
Assets:    
Fixed maturity securities - available-for-sale 1,051,021 1,031,246
Fixed maturity securities - trading 38,730 24,510
Measured at fair value on a recurring basis | Level 2    
Assets:    
Total fixed maturity securities 49,497,258 38,743,800
Equity securities 0 0
Other long-term investments 180,438 417,969
Short-term investments 77,217 132,750
Total investments 49,754,913 39,294,519
Cash 0 0
Assets related to separate accounts    
Variable annuity 0 0
Variable universal life 0 0
Total assets measured at fair value on a recurring basis 49,754,913 39,294,519
Liabilities:    
Annuity account balances 0 0
Other liabilities 164,643 302,656
Total liabilities measured at fair value on a recurring basis 164,643 302,656
Measured at fair value on a recurring basis | Level 2 | Residential mortgage-backed securities    
Assets:    
Fixed maturity securities - available-for-sale 3,602,991 2,318,493
Fixed maturity securities - trading 241,836 259,694
Measured at fair value on a recurring basis | Level 2 | Commercial mortgage-backed securities    
Assets:    
Fixed maturity securities - available-for-sale 2,266,387 1,860,488
Fixed maturity securities - trading 188,925 146,804
Measured at fair value on a recurring basis | Level 2 | Other asset-backed securities    
Assets:    
Fixed maturity securities - available-for-sale 970,251 745,184
Fixed maturity securities - trading 133,851 102,875
Measured at fair value on a recurring basis | Level 2 | U.S. government-related securities    
Assets:    
Fixed maturity securities - available-for-sale 629,020 264,477
Fixed maturity securities - trading 32,341 6,051
Measured at fair value on a recurring basis | Level 2 | States, municipals, and political subdivisions    
Assets:    
Fixed maturity securities - available-for-sale 3,588,841 1,741,645
Fixed maturity securities - trading 286,413 326,925
Measured at fair value on a recurring basis | Level 2 | Other government-related securities    
Assets:    
Fixed maturity securities - available-for-sale 514,036 285,233
Fixed maturity securities - trading 44,207 63,925
Measured at fair value on a recurring basis | Level 2 | Corporate securities    
Assets:    
Fixed maturity securities - available-for-sale 35,563,302 28,910,645
Fixed maturity securities - trading 1,417,591 1,692,741
Measured at fair value on a recurring basis | Level 2 | Redeemable preferred stock    
Assets:    
Fixed maturity securities - available-for-sale 17,266 18,620
Fixed maturity securities - trading 0 0
Measured at fair value on a recurring basis | Level 2 | Fixed Maturities    
Assets:    
Fixed maturity securities - available-for-sale 47,152,094 36,144,785
Fixed maturity securities - trading 2,345,164 2,599,015
Measured at fair value on a recurring basis | Level 3    
Assets:    
Total fixed maturity securities 1,092,216 1,171,930
Equity securities 63,421 65,517
Other long-term investments 151,342 160,466
Short-term investments 0 0
Total investments 1,306,979 1,397,913
Cash 0 0
Assets related to separate accounts    
Variable annuity 0 0
Variable universal life 0 0
Total assets measured at fair value on a recurring basis 1,306,979 1,397,913
Liabilities:    
Annuity account balances 76,119 83,472
Other liabilities 438,127 597,562
Total liabilities measured at fair value on a recurring basis 514,246 681,034
Measured at fair value on a recurring basis | Level 3 | Residential mortgage-backed securities    
Assets:    
Fixed maturity securities - available-for-sale 0 0
Fixed maturity securities - trading 0 0
Measured at fair value on a recurring basis | Level 3 | Commercial mortgage-backed securities    
Assets:    
Fixed maturity securities - available-for-sale 0 0
Fixed maturity securities - trading 0 0
Measured at fair value on a recurring basis | Level 3 | Other asset-backed securities    
Assets:    
Fixed maturity securities - available-for-sale 421,642 504,365
Fixed maturity securities - trading 26,056 35,222
Measured at fair value on a recurring basis | Level 3 | U.S. government-related securities    
Assets:    
Fixed maturity securities - available-for-sale 0 0
Fixed maturity securities - trading 0 0
Measured at fair value on a recurring basis | Level 3 | States, municipals, and political subdivisions    
Assets:    
Fixed maturity securities - available-for-sale 0 0
Fixed maturity securities - trading 0 0
Measured at fair value on a recurring basis | Level 3 | Other government-related securities    
Assets:    
Fixed maturity securities - available-for-sale 0 0
Fixed maturity securities - trading 0 0
Measured at fair value on a recurring basis | Level 3 | Corporate securities    
Assets:    
Fixed maturity securities - available-for-sale 638,276 626,901
Fixed maturity securities - trading 6,242 5,442
Measured at fair value on a recurring basis | Level 3 | Redeemable preferred stock    
Assets:    
Fixed maturity securities - available-for-sale 0 0
Fixed maturity securities - trading 0 0
Measured at fair value on a recurring basis | Level 3 | Fixed Maturities    
Assets:    
Fixed maturity securities - available-for-sale 1,059,918 1,131,266
Fixed maturity securities - trading $ 32,298 $ 40,664