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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule Of Consolidated Balance Sheets
The fair values of derivative instruments, including derivative instruments embedded in fixed indexed annuity contracts, presented in the Consolidated Balance Sheets were as follows:
 
 
 
December 31,
 
 
2014
 
2013
Assets
 
 
 
 
 
 
 
 
 
 
Derivative instruments, included in Short-term
and Other Investments
 
 
$
2,458
 
 
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
Fixed indexed annuities - embedded derivatives,
included in Other Policyholder Funds
 
 
 
20,049
 
 
 
 
-
 
Schedule Of Derivative Instruments Consolidated Statements of Operations
The changes in fair value of derivatives included in the Consolidated Statements of Operations were as follows:
 
 
 
 
Year Ended December 31,
 
 
 
 
2014
 
 
 
2013
 
 
 
2012
 
Change in fair value of derivatives:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net realized investment gains (losses)
 
 
$
995
 
 
 
$
-
 
 
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Change in fair value of embedded derivatives:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net realized investment gains (losses)
 
 
 
(1,157
)
 
 
 
-
 
 
 
 
-
 
Schedule of Derivative Instruments
The notional amount and fair value of call options by counterparty and each counterparty's long-term credit ratings were as follows:
 
 
 
December 31, 2014
 
December 31, 2013
 
 
Credit Rating (1)
 
 
Notional
 
 
 
Fair
 
 
 
Notional
 
 
 
Fair
 
Counterparty
 
S&P
 
Moody’s
 
Amount
 
Value
 
Amount
 
Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Bank of America, N.A.
 
A
 
A2
 
 
$
8,700
 
 
 
$
439
 
 
 
$
-
 
 
 
$
-
 
Barclays Bank PLC
 
A
 
A2
 
 
 
5,000
 
 
 
 
70
 
 
 
 
-
 
 
 
 
-
 
Credit Suisse International
 
A
 
A1
 
 
 
27,500
 
 
 
 
1,193
 
 
 
 
-
 
 
 
 
-
 
Societe Generale
 
A
 
A2
 
 
 
25,400
 
 
 
 
756
 
 
 
 
-
 
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
 
 
 
 
$
66,600
 
 
 
$
2,458
 
 
 
$
-
 
 
 
$
-
 
 
______________________________________________________________________________________________________________________________________________________________________________________________________
(1)
As assigned by Standard & Poor’s Corporation (“S&P”) and Moody’s Investors Service, Inc. (“Moody’s”).