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OFFSETTING OF ASSETS AND LIABILITIES
 12 Months Ended
Dec. 31, 2019
Offsetting [Abstract]  
OFFSETTING OF ASSETS AND LIABILITIES OFFSETTING OF ASSETS AND LIABILITIESCertain of the Company’s derivative instruments are subject to enforceable master netting arrangements that provide for the net settlement of all derivative contracts between the Company and a counterparty in the event of default or upon the occurrence of certain termination events. Collateral support agreements associated with each master netting arrangement provide that the Company will receive or pledge financial collateral in the event either minimum thresholds, or in certain cases ratings levels, have been reached. Additionally, certain of the Company’s repurchase agreements provide for net settlement on termination of the agreement. Refer to Note 14, Debt and Other Obligations for details of the Company’s repurchase agreement programs.
Collateral received includes both cash and non-cash collateral. Cash collateral received by the Company is recorded on the consolidated balance sheet as “cash”, with a corresponding amount recorded in “other liabilities” to represent the Company’s obligation to return the collateral. Non-cash collateral received by the Company is not recognized on the consolidated balance sheet unless the Company exercises its right to sell or re-pledge the underlying asset. As of December 31, 2019 and 2018, the fair value of non-cash collateral received was $21.3 million and $45.0 million, respectively. 
The tables below present the derivative instruments by assets and liabilities for the Company as of December 31, 2019:
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$785,650  $—  $785,650  $452,562  $215,587  $117,501  
Total derivatives, subject to a master netting arrangement or similar arrangement785,650  —  785,650  452,562  215,587  117,501  
Derivatives not subject to a master netting arrangement or similar arrangement      
Embedded derivative - Modco reinsurance treaties31,926  —  31,926  —  —  31,926  
Embedded derivative - GLWB62,538  —  62,538  —  —  62,538  
Derivatives with PLC115,379  —  115,379  —  —  115,379  
Other—  —  —  —  —  —  
Total derivatives, not subject to a master netting arrangement or similar arrangement209,843  —  209,843  —  —  209,843  
Total derivatives995,493  —  995,493  452,562  215,587  327,344  
Total Assets$995,493  $—  $995,493  $452,562  $215,587  $327,344  
 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$458,623  $—  $458,623  $452,562  $4,791  $1,270  
Total derivatives, subject to a master netting arrangement or similar arrangement458,623  —  458,623  452,562  4,791  1,270  
Derivatives not subject to a master netting arrangement or similar arrangement      
Embedded derivative - Modco reinsurance treaties231,516  —  231,516  —  —  231,516  
Funds withheld derivative70,583  —  70,583  —  —  70,583  
Embedded derivative - GLWB248,577  —  248,577  —  —  248,577  
Embedded derivative - FIA332,869  —  332,869  —  —  332,869  
Embedded derivative - IUL151,765  —  151,765  —  —  151,765  
Other53,245  —  53,245  —  —  53,245  
Total derivatives, not subject to a master netting arrangement or similar arrangement1,088,555  —  1,088,555  —  —  1,088,555  
Total derivatives1,547,178  —  1,547,178  452,562  4,791  1,089,825  
Repurchase agreements(1)
270,000  —  270,000  —  —  270,000  
Total Liabilities$1,817,178  $—  $1,817,178  $452,562  $4,791  $1,359,825  
(1)Borrowings under repurchase agreements are for a term less than 90 days.
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 arrangement263,349  —  263,349  70,322  99,199  93,828  
Derivatives not subject to a master netting arrangement or similar arrangement      
Embedded derivative - Modco reinsurance treaties7,072  —  7,072  —  —  7,072  
Embedded derivative - GLWB54,221  —  54,221  —  —  54,221  
Derivatives with PLC90,049  —  90,049  —  —  90,049  
Other136  —  136  —  —  136  
Total derivatives, not subject to a master netting arrangement or similar arrangement151,478  —  151,478  —  —  151,478  
Total derivatives414,827  —  414,827  70,322  99,199  245,306  
Total Assets$414,827  $—  $414,827  $70,322  $99,199  $245,306  
 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 arrangement125,519  —  125,519  70,322  47,856  7,341  
Derivatives not subject to a master netting arrangement or similar arrangement      
Embedded derivative - Modco reinsurance treaties32,828  —  32,828  —  —  32,828  
Funds withheld derivative95,142  —  95,142  —  —  95,142  
Embedded derivative - GLWB97,528  —  97,528  —  —  97,528  
Embedded derivative - FIA217,288  —  217,288  —  —  217,288  
Embedded derivative - IUL90,231  —  90,231  —  —  90,231  
Other252  —  252  —  —  252  
Total derivatives, not subject to a master netting arrangement or similar arrangement533,269  —  533,269  —  —  533,269  
Total derivatives658,788  —  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.