XML 17 R70.htm IDEA: XBRL DOCUMENT v2.4.1.9
FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 2) (USD $)
3 Months Ended
Mar. 31, 2015
item
Determination of fair values  
Number of primary sources of information used for determining fair value 1plico_FairValueDeterminationNumberOfSourcesOfInformationConsidered
Total number of primary sources of information available for determining fair value 3plico_FairValueDeterminationNumberOfSourcesOfInformation
Minimum percentage of the Company's fixed maturity securities priced by third party pricing services 90.00%plico_FairValueDeterminationPercentageOfFixedMaturitySecuritiesPricedByThirdPartyPricingServicesMinimum
Number of independent non-binding broker quotes obtained per security 1plico_FairValueDeterminationNumberOfBrokerQuotesObtainedPerSecurity
Percentage of derivatives excluding embedded derivatives that were priced using exchange prices or independent broker quotations 81.60%plico_PercentageOfDerivativesExcludingEmbeddedDerivativesPricedUsingExchangePricesOrIndependentBrokerQuotations
Statutory policy liabilities (net of policy loans) $ 2,500,000,000us-gaap_LiabilityForFuturePolicyBenefits
Fair value of the trading securities 2,800,000,000us-gaap_TradingSecurities
Other long-term investments 353,441,000us-gaap_DerivativeFairValueOfDerivativeAsset
Fair value, derivative liability 595,997,000us-gaap_DerivativeFairValueOfDerivativeLiability
Annuity account balances  
Fixed indexed annuities, discount rate for one month (as a percent) 0.31%plico_LongDurationContractsAssumptionsByProductAndGuaranteeDiscountRateCurveOneMonth
Fixed indexed annuities, discount rate for five years (as a percent) 2.15%plico_LongDurationContractsAssumptionsByProductAndGuaranteeDiscountRateCurveFiveYear
Fixed indexed annuities, discount rate for thirty years (as a percent) 3.38%plico_LongDurationContractsAssumptionsByProductAndGuaranteeDiscountRateCurveThirtyYear
Interest support, YRT premium support and portfolio maintenance agreement  
Determination of fair values  
Other long-term investments 22,500,000us-gaap_DerivativeFairValueOfDerivativeAsset
/ us-gaap_DerivativeInstrumentRiskAxis
= plico_InterestSupportYearlyRenewableTermPremiumSupportAndPortfolioMaintenanceAgreementMember
Golden Gate II  
Determination of fair values  
Amount of collateralized support agreement obligations by PLC 1,900,000plico_AmountOfObligationsCollateralizedUnderSupportAgreements
/ dei_LegalEntityAxis
= plico_GoldenGateIICaptiveInsuranceCompanyMember
Golden Gate II | Interest Support Agreement  
Determination of fair values  
Other long-term investments 20,000,000us-gaap_DerivativeFairValueOfDerivativeAsset
/ us-gaap_DerivativeInstrumentRiskAxis
= plico_InterestSupportAgreementMember
/ dei_LegalEntityAxis
= plico_GoldenGateIICaptiveInsuranceCompanyMember
Payments triggered under agreement 0plico_PaymentsTriggeredUnderAgreement
/ us-gaap_DerivativeInstrumentRiskAxis
= plico_InterestSupportAgreementMember
/ dei_LegalEntityAxis
= plico_GoldenGateIICaptiveInsuranceCompanyMember
Golden Gate II | YRT premium support agreement  
Determination of fair values  
Other long-term investments 2,300,000us-gaap_DerivativeFairValueOfDerivativeAsset
/ us-gaap_DerivativeInstrumentRiskAxis
= plico_YearlyRenewableTermPremiumSupportAgreementMember
/ dei_LegalEntityAxis
= plico_GoldenGateIICaptiveInsuranceCompanyMember
Payments triggered under agreement 0plico_PaymentsTriggeredUnderAgreement
/ us-gaap_DerivativeInstrumentRiskAxis
= plico_YearlyRenewableTermPremiumSupportAgreementMember
/ dei_LegalEntityAxis
= plico_GoldenGateIICaptiveInsuranceCompanyMember
Golden Gate V and West Coast Life | Portfolio maintenance agreements  
Determination of fair values  
Other long-term investments 200,000us-gaap_DerivativeFairValueOfDerivativeAsset
/ us-gaap_DerivativeInstrumentRiskAxis
= plico_PortfolioMaintenanceAgreementMember
/ dei_LegalEntityAxis
= plico_GoldenGateVAndWestCoastLifeMember
Payments triggered under agreement 0plico_PaymentsTriggeredUnderAgreement
/ us-gaap_DerivativeInstrumentRiskAxis
= plico_PortfolioMaintenanceAgreementMember
/ dei_LegalEntityAxis
= plico_GoldenGateVAndWestCoastLifeMember
Asset-Backed Securities | Level 2  
Determination of fair values  
Fair Value 3,500,000,000us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_AssetBackedSecuritiesMember
Asset-Backed Securities | Level 3  
Determination of fair values  
Fair Value 770,600,000us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_AssetBackedSecuritiesMember
Asset-Backed Securities | Level 3 | Available-for-sale securities.  
Determination of fair values  
Fair Value 600,100,000us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentSecondaryCategorizationAxis
= us-gaap_AvailableforsaleSecuritiesMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_AssetBackedSecuritiesMember
Asset-Backed Securities | Level 3 | Trading Securities.  
Determination of fair values  
Fair Value 170,500,000us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentSecondaryCategorizationAxis
= us-gaap_TradingAccountAssetsMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_AssetBackedSecuritiesMember
Percentage of underlying collateral of student-loan backed auction rate securities guaranteed by the Federal Family Education Loan Program ("FFELP"), minimum 97.00%plico_PercentageOfUnderlyingCollateralGuaranteedByThirdPartyMinimum
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentSecondaryCategorizationAxis
= us-gaap_TradingAccountAssetsMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_AssetBackedSecuritiesMember
Corporate Bonds, U.S. Government-Related Securities, States, Municipals, and Political Subdivisions, and Other Government Related Securities | Level 2  
Determination of fair values  
Fair Value 30,600,000,000us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_InvestmentTypeAxis
= plico_CorporateBondsAndSecuritiesMember
Corporate Bonds, U.S. Government-Related Securities, States, Municipals, and Political Subdivisions, and Other Government Related Securities | Level 3  
Determination of fair values  
Fair Value 1,300,000,000us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= plico_CorporateBondsAndSecuritiesMember
Equity securities  
Determination of fair values  
Fair value of the trading securities 4,000,000us-gaap_TradingSecurities
/ us-gaap_InvestmentTypeAxis
= us-gaap_EquitySecuritiesMember
Equity securities | Level 2 and Level 3  
Determination of fair values  
Fair Value 78,500,000us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= plico_FairValueInputsLevel2AndLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_EquitySecuritiesMember
Federal Home Loan Bank stock 66,000,000us-gaap_FederalHomeLoanBankStock
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= plico_FairValueInputsLevel2AndLevel3Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_EquitySecuritiesMember
Embedded derivative - GMWB  
Annuity account balances  
Discount rate curve, base rate LIBOR
Embedded derivative - GMWB | Level 3 | Minimum  
Determination of fair values  
Mortality (as a percent) 44.50%plico_LongDurationContractsAssumptionsByProductAndGuaranteeMortalityRateRelativeToGMDB
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= plico_EmbeddedDerivativeGMWBMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
Embedded derivative - GMWB | Level 3 | Maximum  
Determination of fair values  
Mortality (as a percent) 100.00%plico_LongDurationContractsAssumptionsByProductAndGuaranteeMortalityRateRelativeToGMDB
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= plico_EmbeddedDerivativeGMWBMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
Embedded derivative - FIA  
Annuity account balances  
Discount rate curve, base rate LIBOR
Embedded derivative - FIA | Level 3 | Minimum  
Determination of fair values  
Mortality (as a percent) 49.00%plico_LongDurationContractsAssumptionsByProductAndGuaranteeMortalityRateRelativeToGMDB
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= plico_EmbeddedDerivativeFIAMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
Embedded derivative - FIA | Level 3 | Maximum  
Determination of fair values  
Mortality (as a percent) 80.00%plico_LongDurationContractsAssumptionsByProductAndGuaranteeMortalityRateRelativeToGMDB
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= plico_EmbeddedDerivativeFIAMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
Embedded derivative - IUL  
Annuity account balances  
Discount rate curve, base rate LIBOR
Embedded derivative - IUL | Level 3 | Minimum  
Determination of fair values  
Mortality (as a percent) 37.00%plico_LongDurationContractsAssumptionsByProductAndGuaranteeMortalityRateRelativeToGMDB
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= plico_EmbeddedDerivativeIulMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
Embedded derivative - IUL | Level 3 | Maximum  
Determination of fair values  
Mortality (as a percent) 74.00%plico_LongDurationContractsAssumptionsByProductAndGuaranteeMortalityRateRelativeToGMDB
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_InvestmentTypeAxis
= plico_EmbeddedDerivativeIulMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
Funds withheld derivative | Level 2  
Determination of fair values  
Fair value, derivative liability $ 71,500,000us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_InvestmentTypeAxis
= plico_FundsWithheldDerivativeMember