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Equity (Tables)
 6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
The balance of and changes in each component of “Accumulated other comprehensive income (loss)” for the six months ended June 30, 2017 and 2016, are as follows:
 
Accumulated Other Comprehensive Income (Loss)
 
Foreign
Currency
Translation
Adjustments
 
Net Unrealized
Investment Gains
(Losses)(1)
 
Total Accumulated
Other
Comprehensive
Income (Loss)
 
(in thousands)
Balance, December 31, 2016
$
(402
)
 
$
71,377

 
$
70,975

Change in OCI before reclassifications
149

 
129,391

 
129,540

Amounts reclassified from AOCI
0

 
(75
)
 
(75
)
Income tax benefit (expense)
(52
)
 
(45,260
)
 
(45,312
)
Balance, June 30, 2017
$
(305
)
 
$
155,433

 
$
155,128

 
 
Accumulated Other Comprehensive Income (Loss)
 
Foreign
Currency
Translation
Adjustments
 
Net Unrealized
Investment Gains
(Losses)(1)
 
Total Accumulated
Other
Comprehensive
Income (Loss)
 
(in thousands)
Balance, December 31, 2015
$
(397
)
 
$
65,202

 
$
64,805

Change in OCI before reclassifications
121

 
344,649

 
344,770

Amounts reclassified from AOCI
0

 
(73,677
)
 
(73,677
)
Income tax benefit (expense)
(42
)
 
(94,840
)
 
(94,882
)
Balance, June 30, 2016
$
(318
)
 
$
241,334

 
$
241,016


(1)
Includes cash flow hedges of $18 million and $41 million as of June 30, 2017 and December 31, 2016, respectively, and $38 million and $48 million as of June 30, 2016 and December 31, 2015, respectively.
Reclassification out of Accumulated Other Comprehensive Income
Reclassifications out of Accumulated Other Comprehensive Income (Loss)
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
 
(in thousands)
Amounts reclassified from AOCI (1)(2):
 
 
 
 
 
 
 
Net unrealized investment gains (losses):
 
 
 
 
 
 
 
Cash flow hedges - Currency/Interest rate(3)
$
(2,346
)
 
$
3,599

 
$
787

 
$
2,772

Net unrealized investment gains (losses) on available-for-sale securities(4)
6,565

 
85,002

 
(712
)
 
70,905

Total net unrealized investment gains (losses)
4,219

 
88,601

 
75

 
73,677

Total reclassifications for the period
$
4,219

 
$
88,601

 
$
75

 
$
73,677


(1)
All amounts are shown before tax.
(2)
Positive amounts indicate gains/benefits reclassified out of AOCI. Negative amounts indicate losses/costs reclassified out of AOCI.
(3)
See Note 6 for additional information on cash flow hedges.
(4)
See table below for additional information on unrealized investment gains (losses), including the impact on deferred policy acquisition costs and other costs, future policy benefits and policyholders’ account balances. 
OTTI Net Unrealized Investment Gains (Losses) AOCI Rollforward
The amounts for the periods indicated below, split between amounts related to fixed maturity securities on which an OTTI loss has been recognized, and all other net unrealized investment gains (losses), are as follows:

Net Unrealized Investment Gains (Losses) on Fixed Maturity Securities on which an OTTI loss has been recognized
 
Net Unrealized
Gains (Losses)
on Investments
 
Deferred Policy Acquisition Costs and Other Costs
 
Future Policy Benefits and Policyholders' Account Balances(2)
 
Deferred
Income Tax
(Liability)
Benefit
 
Accumulated
Other
Comprehensive
Income (Loss)
Related To Net
Unrealized
Investment
Gains (Losses)
 
(in thousands)
Balance, December 31, 2016
$
4,883

 
$
(1,559
)
 
$
1,279

 
$
(1,643
)
 
$
2,960

Net investment gains (losses) on investments arising during the period
20

 
0

 
0

 
(7
)
 
13

Reclassification adjustment for (gains) losses included in net income
(3,937
)
 
0

 
0

 
1,378

 
(2,559
)
Reclassification adjustment for OTTI (gains) losses excluded from net income(1)
(20
)
 
0

 
0

 
7

 
(13
)
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs
0

 
1,318

 
0

 
(462
)
 
856

Impact of net unrealized investment (gains) losses on future policy benefits and policyholders' account balances
0

 
0

 
(1,146
)
 
400

 
(746
)
Balance, June 30, 2017
$
946

 
$
(241
)
 
$
133

 
$
(327
)
 
$
511


(1)
Represents "transfers in" related to the portion of OTTI losses recognized during the period that were not recognized in earnings for securities with no prior OTTI loss.
(2)
Balances are net of reinsurance.
All Other Net Unrealized Investment Gains (Losses) in AOCI Rollforward
All Other Net Unrealized Investment Gains (Losses) in AOCI
 
Net Unrealized
Gains (Losses)
on Investments(2)
 
Deferred Policy Acquisition Costs and Other Costs
 
Future Policy Benefits and Policyholders' Account Balances(3)
 
Deferred
Income Tax
(Liability)
Benefit
 
Accumulated
Other
Comprehensive
Income (Loss)
Related To Net
Unrealized
Investment
Gains (Losses)
 
(in thousands)
Balance, December 31, 2016
$
107,549

 
$
(17,235
)
 
$
14,774

 
$
(36,671
)
 
$
68,417

Net investment gains (losses) on investments arising during the period
137,929

 
0

 
0

 
(48,275
)
 
89,654

Reclassification adjustment for (gains) losses included in net income
4,012

 
0

 
0

 
(1,404
)
 
2,608

Reclassification adjustment for OTTI (gains) losses excluded from net income(1)
20

 
0

 
0

 
(7
)
 
13

Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs
0

 
(28,905
)
 
0

 
10,117

 
(18,788
)
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders' account balances
0

 
0

 
20,027

 
(7,009
)
 
13,018

Balance, June 30, 2017
$
249,510

 
$
(46,140
)
 
$
34,801

 
$
(83,249
)
 
$
154,922


(1)
Includes cash flow hedges. See Note 6 for information on cash flow hedges.
(2)
Represents "transfers out" related to the portion of OTTI losses recognized during the period that were not recognized in earnings for securities with no prior OTTI loss.
(3)
Balances are net of reinsurance.