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Equity
 12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Equity
 EQUITY
Accumulated Other Comprehensive Income (Loss)
The balance of and changes in each component of "Accumulated other comprehensive income (loss)” for the years ended December 31, are as follows:

 
Accumulated Other Comprehensive Income (Loss)
 
Foreign Currency
Translation
Adjustment
 
Net Unrealized
Investment
Gains (Losses)(1)
 
Total Accumulated
Other
Comprehensive
Income (Loss)
 
 
 
 
 
 
 
(in thousands)
Balance, December 31, 2013
$
10

 
$
70,857

 
$
70,867

Change in other comprehensive income before reclassifications
(63
)
 
35,931

 
35,868

Amounts reclassified from AOCI
0

 
(14,706
)
 
(14,706
)
Income tax benefit (expense)
23

 
(7,430
)
 
(7,407
)
Balance, December 31, 2014
(30
)
 
84,652

 
84,622

Change in other comprehensive income before reclassifications
(54
)
 
(54,279
)
 
(54,333
)
Amounts reclassified from AOCI
0

 
(4,831
)
 
(4,831
)
Income tax benefit (expense)
19

 
20,689

 
20,708

Balance, December 31, 2015
(65
)
 
46,231

 
46,166

Change in other comprehensive income before reclassifications
(20
)
 
(469,356
)
 
(469,376
)
Amounts reclassified from AOCI
0

 
(86,184
)
 
(86,184
)
Income tax benefit (expense)
7

 
194,439

 
194,446

Balance, December 31, 2016
$
(78
)
 
$
(314,870
)
 
$
(314,948
)

(1)
Includes cash flow hedges of $12 million, $15 million and $5 million as of December 31, 2016, 2015, and 2014, respectively.
Reclassifications out of Accumulated Other Comprehensive Income (Loss)
 
Year Ended December 31, 2016
 
Year Ended December 31, 2015
 
Year Ended December 31, 2014
 
 
 
 
 
 
 
(in thousands)
Amounts reclassified from AOCI(1)(2):
 
 
 
 
 
Net unrealized investment gains (losses):
 
 
 
 
 
Cash flow hedges - Currency/Interest rate(3)
$
12,800

 
$
2,070

 
$
148

Net unrealized investment gains (losses) on available-for-sale securities
73,384

 
2,761

 
14,558

Total net unrealized investment gains (losses)(4)
86,184

 
4,831

 
14,706

Total reclassifications for the period
$
86,184

 
$
4,831

 
$
14,706


(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 11 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 and other costs and future policy benefits.


Net Unrealized Investment Gains (Losses)
Net unrealized investment gains and losses on securities classified as available-for-sale and certain other long-term investments and other assets are included in the Company’s Statements of Financial Position as a component of AOCI. Changes in these amounts include reclassification adjustments to exclude from “Other comprehensive income (loss)” those items that are included as part of “Net income” for a period that had been part of “Other comprehensive income (loss)” in earlier periods. 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 and losses, are as follows:

Net Unrealized Investment Gains and 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
 
Deferred
Income Tax
(Liability)
Benefit
 
Accumulated
Other
Comprehensive
Income (Loss)
Related To Net
Unrealized
Investment
Gains (Losses)
 
 
 
 
 
 
 
 
 
 
 
(in thousands)
Balance, December 31, 2013
$
323

 
$
(116
)
 
$
(14
)
 
$
(51
)
 
$
142

Net investment gains (losses) on investments arising during the period
(11
)
 
0

 
0

 
4

 
(7
)
Reclassification adjustment for (gains) losses included in net income
(311
)
 
0

 
0

 
109

 
(202
)
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs
0

 
116

 
0

 
(41
)
 
75

Impact of net unrealized investment (gains) losses on future policy benefits
0

 
0

 
14

 
(5
)
 
9

Balance, December 31, 2014
1

 
0

 
0

 
16

 
17

Net investment gains (losses) on investments arising during the period
(9
)
 
0

 
0

 
3

 
(6
)
Reclassification adjustment for (gains) losses included in net income
17

 
0

 
0

 
(6
)
 
11

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

 
(3
)
 
0

 
1

 
(2
)
Impact of net unrealized investment (gains) losses on future policy benefits
0

 
0

 
0

 
0

 
0

Balance, December 31, 2015
9

 
(3
)
 
0

 
14

 
20

Net investment gains (losses) on investments arising during the period
378

 
0

 
0

 
(132
)
 
246

Reclassification adjustment for (gains) losses included in net income
556

 
0

 
0

 
(195
)
 
361

Reclassification adjustment for (gains) losses excluded from net income(1)
(2,204
)
 
0

 
0

 
771

 
(1,433
)
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs
0

 
(2,130
)
 
0

 
746

 
(1,384
)
Impact of net unrealized investment (gains) losses on future policy benefits
0

 
0

 
(522
)
 
183

 
(339
)
Balance, December 31, 2016
$
(1,261
)
 
$
(2,133
)
 
$
(522
)
 
$
1,387

 
$
(2,529
)

(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.


All Other Net Unrealized Investment Gains and Losses in AOCI
 
Net Unrealized
Gains (Losses)
on Investments (1)
 
Deferred Policy
Acquisition Costs
and Other Costs
 
Future Policy Benefits
 
Deferred
Income Tax
(Liability)
Benefit
 
Accumulated
Other
Comprehensive
Income (Loss)
Related To Net
Unrealized
Investment
Gains (Losses)
 
 
 
 
 
 
 
 
 
 
 
(in thousands)
Balance, December 31, 2013
$
184,727

 
$
(66,452
)
 
$
(8,187
)
 
$
(39,363
)
 
$
70,725

Net investment gains (losses) on investments arising during the period
28,590

 
0

 
0

 
(10,013
)
 
18,577

Reclassification adjustment for (gains) losses included in net income
(14,395
)
 
0

 
0

 
5,036

 
(9,359
)
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs
0

 
7,407

 
0

 
(2,594
)
 
4,813

Impact of net unrealized investment (gains) losses on future policy benefits
0

 
0

 
(185
)
 
64

 
(121
)
Balance, December 31, 2014
198,922

 
(59,045
)
 
(8,372
)
 
(46,870
)
 
84,635

Net investment gains (losses) on investments arising during the period
(86,623
)
 
0

 
0

 
30,319

 
(56,304
)
Reclassification adjustment for (gains) losses included in net income
(4,848
)
 
0

 
0

 
1,697

 
(3,151
)
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs
0

 
28,580

 
0

 
(10,003
)
 
18,577

Impact of net unrealized investment (gains) losses on future policy benefits
0

 
0

 
3,776

 
(1,322
)
 
2,454

Balance, December 31, 2015
107,451

 
(30,465
)
 
(4,596
)
 
(26,179
)
 
46,211

Net investment gains (losses) on investments arising during the period
(637,597
)
 
0

 
0

 
223,159

 
(414,438
)
Reclassification adjustment for (gains) losses included in net income
85,628

 
0

 
0

 
(29,970
)
 
55,658

Reclassification adjustment for (gains) losses excluded from net income(2)
2,204

 
0

 
0

 
(771
)
 
1,433

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

 
(786
)
 
0

 
275

 
(511
)
Impact of net unrealized investment (gains) losses on future policy benefits
0

 
0

 
(1,068
)
 
374

 
(694
)
Balance, December 31, 2016
$
(442,314
)
 
$
(31,251
)
 
$
(5,664
)
 
$
166,888

 
$
(312,341
)

(1)
Includes cash flow hedges. See Note 11 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.