XML 94 R81.htm IDEA: XBRL DOCUMENT v3.5.0.2
Accumulated Other Comprehensive Income (Loss) - Changes in AOCI, net of tax (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]          
Beginning balance, net of tax $ 1,408,587 $ 1,076,174 $ 686,616 $ 1,484,458  
OCI before reclassifications 252,673 (28,508) 1,275,869 (322,827)  
Amounts reclassified from AOCI (149,032) (92,063) (374,490) (242,696)  
Tax benefit (expense) 7,577 (521) (68,190) 36,147  
Comprehensive income (loss) 111,218 (121,092) 833,189 (529,376)  
Ending balance, net of tax 1,519,805 955,082 1,519,805 955,082  
Change in adjustments related to future policy benefit reserves, net of tax (2,058) (40,681) (27,820) (127,365)  
Unrealized gains (losses) on investments          
Accumulated Other Comprehensive Income (Loss) [Line Items]          
Beginning balance, net of tax [1] 1,475,078 1,168,964 803,094 1,590,114  
OCI before reclassifications [1] 203,451 (4,334) 1,171,094 (294,341)  
Amounts reclassified from AOCI [1] (150,482) (94,393) (379,974) (256,731)  
Tax benefit (expense) [1] 8,600 (2,213) (57,567) 28,982  
Comprehensive income (loss) [1] 61,569 (100,940) 733,553 (522,090)  
Ending balance, net of tax [1] 1,536,647 1,068,024 1,536,647 1,068,024  
Cumulative impact of net unrealized gains losses on future policy benefit reserve 246,600   246,600   $ 274,400
Change in adjustments related to future policy benefit reserves, net of tax     (27,800)    
OTTI losses recognized in AOCI          
Accumulated Other Comprehensive Income (Loss) [Line Items]          
Beginning balance, net of tax (53,383) (64,614) (57,502) (76,047)  
OCI before reclassifications 0 0 0 0  
Amounts reclassified from AOCI 1,497 2,318 5,618 13,916  
Tax benefit (expense) (36) (181) (38) (346)  
Comprehensive income (loss) 1,461 2,137 5,580 13,570  
Ending balance, net of tax (51,922) (62,477) (51,922) (62,477)  
Foreign currency translation adjustments          
Accumulated Other Comprehensive Income (Loss) [Line Items]          
Beginning balance, net of tax 10,401 (9,508) (36,503) (11,188)  
OCI before reclassifications 45,185 (24,267) 101,687 (28,225)  
Amounts reclassified from AOCI 0 0 0 0  
Tax benefit (expense) (987) 1,873 (10,585) 7,511  
Comprehensive income (loss) 44,198 (22,394) 91,102 (20,714)  
Ending balance, net of tax 54,599 (31,902) 54,599 (31,902)  
Underfunded pension liability          
Accumulated Other Comprehensive Income (Loss) [Line Items]          
Beginning balance, net of tax (25,590) (21,143) (24,641) (20,789)  
OCI before reclassifications 4,037 93 3,088 (261)  
Amounts reclassified from AOCI 0 0 0 0  
Tax benefit (expense) 0 0 0 0  
Comprehensive income (loss) 4,037 93 3,088 (261)  
Ending balance, net of tax (21,553) (21,050) (21,553) (21,050)  
Cash flow hedge          
Accumulated Other Comprehensive Income (Loss) [Line Items]          
Beginning balance, net of tax 2,081 2,475 2,168 2,368  
OCI before reclassifications 0 0 0 0  
Amounts reclassified from AOCI (47) 12 (134) 119  
Tax benefit (expense) 0 0 0 0  
Comprehensive income (loss) (47) 12 (134) 119  
Ending balance, net of tax $ 2,034 $ 2,487 $ 2,034 $ 2,487  
[1] For certain annuity contracts that are subject to the GreyCastle Life Retro Arrangements, policy benefit reserves were historically increased for the impact of changes in unrealized gains on investments supporting such contracts as if the gains had been realized, with a corresponding entry to other comprehensive income ("Shadow Adjustments"). Upon completion of the GreyCastle Life Retro Arrangements, no further Shadow Adjustments were recorded. As of December 31, 2015, the cumulative impact of the Shadow Adjustments was $274.4 million. During the nine months ended September 30, 2016, net movements of $(27.8) million were recorded, resulting in a total cumulative net impact of Shadow Adjustments on future policy benefit reserves of $246.6 million as of September 30, 2016.