Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 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 FIA and IUL contracts, presented in the Consolidated Balance Sheets were as follows:

	December 31,
	2015			2014
Assets
Derivative instruments, included in Short-term and Other Investments		$	2,501		$	2,458
Liabilities
Fixed indexed annuities - embedded derivatives, included in Other Policyholder Funds			39,021			20,049
Indexed universal life - embedded derivatives, included in Investment Contract and Life Policy Reserves			14			-

Derivative Instruments, Gain (Loss)

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

	Year Ended December 31,
	2015			2014			2013
Change in fair value of derivatives (1):
Revenues
Net realized investment gains (losses)	$	(1,483	)	$	995			$   -
Change in fair value of embedded derivatives:
Revenues
Net realized investment gains (losses)		2,529			(1,157	)		-

(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:

	December 31, 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	$	5	$	8,700	$	439
Barclays Bank PLC		A-		A2		7,600		137		5,000		70
Citigroup Inc.		BBB+		Baa1		17,300		845		-		-
Credit Suisse International		A		A1-		12,000		167		27,500		1,193
Societe Generale		A		A2		80,800		1,347		25,400		756
Total					$	134,700	$	2,501	$	66,600	$	2,458

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