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OFFSETTING OF ASSETS AND LIABILITIES (Tables)
12 Months Ended
Dec. 31, 2019
Offsetting [Abstract]  
Schedule of derivative assets
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  
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  
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$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.
 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.