XML 76 R61.htm IDEA: XBRL DOCUMENT v3.19.3
FAIR VALUE OF FINANCIAL INSTRUMENTS - Additional Information (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Jun. 30, 2019
Dec. 31, 2018
Jun. 30, 2018
Dec. 31, 2017
Determination of fair values                
Number of sources of information considered     1          
Number of sources of information     3          
Minimum percentage of the Company's fixed maturity securities priced by third party pricing services     91.50%          
Number of broker quotes obtained per security     2          
Percentage of derivatives excluding embedded derivatives that were priced using exchange prices or independent broker quotations     85.00%          
Other long-term investments $ 823,514,000   $ 823,514,000     $ 414,827,000    
Financial instruments owned, other 68,500,000   68,500,000     63,400,000    
Securities transferred into Level 3 52,100,000 $ 19,900,000 138,200,000 $ 30,900,000        
Securities transferred into Level 2 from Level 3 10,800,000 47,700,000 31,400,000 66,200,000        
Transfer from level 2 to level 1 0 0 0 0        
Transfers from level 1 into level 2 0 0 0 0        
Interest support, YRT premium support and portfolio maintenance agreement                
Determination of fair values                
Other long-term investments 103,200,000   103,200,000          
Golden Gate II | Interest Support Agreement                
Determination of fair values                
Other long-term investments 49,500,000   49,500,000          
Payments made under agreement 1,000,000.0   1,000,000.0          
Amount of collateralized support agreement obligations by PLC 4,900,000   4,900,000          
Golden Gate II | YRT premium support agreement                
Determination of fair values                
Other long-term investments 50,900,000   50,900,000          
Payments made under agreement     700,000          
Golden Gate, Golden Gate V and West Coast Life | Portfolio maintenance agreements                
Determination of fair values                
Other long-term investments 2,800,000   2,800,000          
Payments made under agreement     0          
Level 3                
Determination of fair values                
Level 3 fair value 1,139,111,000 $ 538,836,000 1,139,111,000 $ 538,836,000 $ 914,620,000 514,246,000 $ 537,106,000 $ 681,034,000
Financial instruments valued in broker quotes 78,300,000   78,300,000     39,700,000    
Level 3 | Annuity account                
Determination of fair values                
Level 3 fair value 71,800,000   71,800,000          
Asset-backed securities | Level 2                
Determination of fair values                
Fair value 10,000,000,000.0   10,000,000,000.0          
Asset-backed securities | Level 3                
Determination of fair values                
Fair value 487,200,000   $ 487,200,000          
Other asset-backed securities                
Determination of fair values                
Underlying collateral, percentage guaranteed by the Federal Family Education Loan Program     100.00%          
Other asset-backed securities | Level 3                
Determination of fair values                
Fair value 415,950,000   $ 415,950,000     421,458,000    
Underlying collateral, percentage guaranteed by the Federal Family Education Loan Program     97.00%          
Financial instruments valued in broker quotes 71,300,000   $ 71,300,000     26,200,000    
Other asset-backed securities | Level 3 | Available-for-sale securities                
Determination of fair values                
Fair value 425,700,000   425,700,000          
Other asset-backed securities | Level 3 | Trading securities                
Determination of fair values                
Fair value 61,500,000   61,500,000          
Corporate Bonds and Securities | Level 2                
Determination of fair values                
Fair value 53,700,000,000   53,700,000,000          
Corporate Bonds and Securities | Level 3                
Determination of fair values                
Fair value 1,300,000,000   1,300,000,000          
Equity securities                
Determination of fair values                
Fair value 68,500,000   68,500,000          
Federal Home Loan Bank stock 68,500,000   68,500,000          
Embedded derivative - GLWB | Level 3                
Determination of fair values                
Fair value 217,757,000   $ 217,757,000          
Embedded derivative - GLWB | Level 3 | Minimum                
Determination of fair values                
Mortality rate     87.00%          
Embedded derivative - GLWB | Level 3 | Maximum                
Determination of fair values                
Mortality rate     100.00%          
Embedded derivative - FIA | Level 3 | Minimum                
Determination of fair values                
Mortality rate     87.00%          
Embedded derivative - FIA | Level 3 | Maximum                
Determination of fair values                
Mortality rate     100.00%          
Embedded derivative - IUL | Level 3 | Minimum                
Determination of fair values                
Mortality rate     37.00%          
Embedded derivative - IUL | Level 3 | Maximum                
Determination of fair values                
Mortality rate     577.00%          
Embedded derivative - Modified coinsurance agreements                
Determination of fair values                
Statutory policy liabilities (net of policy loans) 3,500,000,000   $ 3,500,000,000          
Embedded derivative - Modified coinsurance agreements | Trading Securities [Member]                
Determination of fair values                
Fair value 285,900,000   285,900,000          
Funds withheld derivative | Level 2                
Determination of fair values                
Other liabilities 93,700,000   93,700,000          
Corporate securities | Level 3                
Determination of fair values                
Fair value 1,325,112,000   1,325,112,000     631,068,000    
Financial instruments valued in broker quotes $ 7,000,000.0   $ 7,000,000.0     $ 13,500,000