REINSURANCE (Tables)

12 Months Ended

Dec. 31, 2014

REINSURANCE

Schedule of net life insurance in-force

	For The Year Ended December 31,
	2014			2013			2012
	(Dollars In Millions)
Direct life insurance in-force	$	721,036		$	726,697		$	706,416
Amounts assumed from other companies	43,237			46,752			30,470
Amounts ceded to other companies	(388,890		)	(416,809		)	(444,951		)
Net life insurance in-force	$	375,383		$	356,640		$	291,935
Percentage of amount assumed to net	12		%	13		%	10		%

Schedule of effect of reinsurance on life insurance premiums written and earned

					Assumed					Percentage of
			Ceded to		from					Amount
	Gross		Other		Other		Net			Assumed to
	Amount		Companies		Companies		Amount			Net
	(Dollars In Thousands)
For The Year Ended December 31, 2014:
Premiums and policy fees:
Life insurance	$	2,603,956	$	1,279,908	$	349,934	$	1,673,982	(1)	20.9
Accident/health insurance	81,037		42,741		20,804		59,100			35.2
Property and liability insurance	218,663		73,094		8,675		154,244			5.6
Total	$	2,903,656	$	1,395,743	$	379,413	$	1,887,326
For The Year Ended December 31, 2013:
Premiums and policy fees:
Life insurance	$	2,371,871	$	1,299,631	$	306,921	$	1,379,161	(1)	22.3
Accident/health insurance	45,262		20,011		24,291		49,542			49.0
Property and liability insurance	211,000		67,795		7,977		151,182			5.3
Total	$	2,628,133	$	1,387,437	$	339,189	$	1,579,885
For The Year Ended December 31, 2012
Premiums and policy fees:
Life insurance	$	2,226,614	$	1,228,444	$	281,711	$	1,279,881	(1)	22.0
Accident/health insurance	38,873		12,065		29,413		56,221			52.3
Property and liability insurance	216,014		69,588		6,765		153,191			4.4
Total	$	2,481,501	$	1,310,097	$	317,889	$	1,489,293

(1) Includes annuity policy fees of $92.8 million, $88.7 million, and $103.8 million for the years ended December 31, 2014, 2013, and 2012, respectively.

Schedule of receivables attributable to more significant reinsurance partners

	As of December 31,
	2014			2013
	Reinsurance		A.M. Best	Reinsurance		A.M. Best
	Receivable		Rating	Receivable		Rating
	(Dollars In Millions)
Security Life of Denver Insurance Company	$	842.1	A	$	819.3	A
Swiss Re Life & Health America, Inc.	820.9		A+	823.0		A+
Lincoln National Life Insurance Co.	556.3		A+	553.7		A+
Transamerica Life Insurance Co.	497.7		A+	531.1		A+
RGA Reinsurance Company	412.4		A+	419.1		A+
SCOR Global Life USA Reinsurance Company	411.8		A	402.7		A
American United Life Insurance Company	336.1		A+	342.2		A+
Scottish Re (U.S.), Inc.	298.0		NR	305.1		NR
Centre Reinsurance (Bermuda) Ltd	260.9		NR	281.6		NR
Employers Reassurance Corporation	254.3		A-	289.2		A-