Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The fair values of derivative instruments, including derivative instruments embedded in fixed indexed annuity contracts, presented in the Consolidated Balance Sheets were as follows:

	September 30,			December 31,
	2015			2014
Assets
Derivative instruments, included in Short-term and Other Investments		$	1,135		$	2,458
Liabilities
Fixed indexed annuities - embedded derivatives, included in Other Policyholder Funds			31,755			20,049

Derivative Instruments, Gain (Loss)

The changes in fair value of derivatives included in the Consolidated Statements of Operations were as follows:

	Three Months Ended							Nine Months Ended
	September 30,							September 30,
		2015			2014				2015			2014
Change in fair value of derivatives (1):
Revenues
Net realized investment gains (losses)		$	(1,564	)	$	70			$	(2,171	)	$	161
Change in fair value of embedded derivatives:
Revenues
Net realized investment gains (losses)			1,328			(70	)			1,795			(139	)

(1) Includes the gains or losses recognized at the expiration of the option term or early termination and the changes in fair value for open options.

Financing Receivable Credit Quality Indicators

The notional amount and fair value of call options by counterparty and each counterparty's long-term credit ratings were as follows:

	September 30, 2015								December 31, 2014
	Credit Rating (1)		Notional			Fair			Notional			Fair
Counterparty	S&P	Moody’s	Amount			Value			Amount			Value
Bank of America, N.A.	A	A1		$	17,000		$	6		$	8,700		$	439
Barclays Bank PLC	A-	A2			9,400			84			5,000			70
Citigroup Inc.	A-	Baa1			11,500			400			-			-
Credit Suisse International	A	A1			4,900			34			27,500			1,193
Societe Generale	A	A2			75,100			611			25,400			756
Total				$	117,900		$	1,135		$	66,600		$	2,458

(1) As assigned by Standard & Poor’s Corporation (“S&P”) and Moody’s Investors Service, Inc. (“Moody’s”).