XML 56 R45.htm IDEA: XBRL DOCUMENT v3.7.0.1
Fair Value of Assets and Liabilities (Balances of Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: $ 9,915,916 $ 9,362,763
Trading securities, equity 158,202 149,871
Equity securities, available-for-sale 18 18
Short-term investments 2,009 947,150
Other long-term investments 179,005 551,931
Reinsurance recoverables 583,483 588,608
Receivables from parent and affiliates 101,776 111,703
Separate account assets 37,816,389 37,429,739
TOTAL ASSETS 61,810,278 59,822,165
Future policy benefits 10,308,756 8,686,196
Payables to parent and affiliates 163,935 91,432
Other Liabilities 547,473 489,007
Total Liabilities 54,805,747 52,732,435
Future policy benefits    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Embedded Derivative, Fair Value of Embedded Derivative, Net Liability 9,331,000 7,707,000
Embedded Derivative, Fair Value of Embedded Derivative Gross Asset 518,000 1,060,000
Embedded Derivative, Fair Value of Embedded Derivative Gross Liability 9,849,000 8,767,000
Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 9,915,916 9,362,763
Trading account assets 158,202 149,871
Equity securities, available-for-sale 18 18
Short-term investments 2,009 912,150
Cash equivalents 3,367,522 1,586,153
Other long-term investments 11 313,819
Reinsurance recoverables 268,337 240,091
Receivables from parent and affiliates 41,001 40,924
Subtotal excluding separate account assets 13,753,016 12,605,789
Separate account assets 37,816,389 37,429,739
TOTAL ASSETS 51,569,405 50,035,528
Future policy benefits 9,331,040 7,707,333
Payables to parent and affiliates 76,292 0
Other Liabilities 14,705 5,051
Total Liabilities 9,422,037 7,712,384
Assets Netting (4,965,587) (4,582,540)
Liabilities Netting (1,406,616) (1,654,360)
Netting 3,559,000 2,928,000
Fair Value, Measurements, Recurring | Other long-term investments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets Netting (4,965,587) (4,582,540)
Fair Value, Measurements, Recurring | Payables to parent and affiliates    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Liabilities Netting (1,406,616) (1,654,360)
Fair Value, Measurements, Recurring | U.S. Treasury securities and obligations of U.S. government authorities and agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 4,758,063 4,465,025
Trading account assets, debt 121,410 116,184
Fair Value, Measurements, Recurring | Obligations of U.S. states and their political subdivisions    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 101,073 89,974
Fair Value, Measurements, Recurring | Foreign government bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 117,077 69,386
Trading account assets, debt 0  
Fair Value, Measurements, Recurring | U.S. corporate public securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 1,834,959 1,925,038
Fair Value, Measurements, Recurring | U.S. corporate private securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 1,231,157 1,121,868
Fair Value, Measurements, Recurring | Foreign corporate public securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 203,888 217,363
Fair Value, Measurements, Recurring | Foreign corporate private securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 674,293 538,031
Fair Value, Measurements, Recurring | Corporate securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Trading account assets, debt 23,968 21,632
Fair Value, Measurements, Recurring | Asset-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 325,247 251,309
Trading account assets, debt 1,697 1,697
Fair Value, Measurements, Recurring | Commercial mortgage-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 487,333 484,713
Fair Value, Measurements, Recurring | Residential mortgage-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 182,826 200,056
Fair Value, Measurements, Recurring | Equity securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Trading securities, equity 11,127 10,358
Fair Value, Measurements, Recurring | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 0 0
Trading account assets 5,273 5,494
Equity securities, available-for-sale 0 0
Short-term investments 0 519,000
Cash equivalents 731,753 738,449
Other long-term investments 9 23,967
Reinsurance recoverables 0 0
Receivables from parent and affiliates 0 0
Subtotal excluding separate account assets 737,035 1,286,910
Separate account assets 0 0
TOTAL ASSETS 737,035 1,286,910
Future policy benefits 0 0
Payables to parent and affiliates 0 0
Other Liabilities 14,705 5,051
Total Liabilities 14,705 5,051
Fair Value, Measurements, Recurring | Level 1 | U.S. Treasury securities and obligations of U.S. government authorities and agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 0 0
Trading account assets, debt 0 0
Fair Value, Measurements, Recurring | Level 1 | Obligations of U.S. states and their political subdivisions    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 0 0
Fair Value, Measurements, Recurring | Level 1 | Foreign government bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 0 0
Trading account assets, debt 0  
Fair Value, Measurements, Recurring | Level 1 | U.S. corporate public securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 0 0
Fair Value, Measurements, Recurring | Level 1 | U.S. corporate private securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 0 0
Fair Value, Measurements, Recurring | Level 1 | Foreign corporate public securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 0 0
Fair Value, Measurements, Recurring | Level 1 | Foreign corporate private securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 0 0
Fair Value, Measurements, Recurring | Level 1 | Corporate securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Trading account assets, debt 0 0
Fair Value, Measurements, Recurring | Level 1 | Asset-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 0 0
Trading account assets, debt 0 0
Fair Value, Measurements, Recurring | Level 1 | Commercial mortgage-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 0 0
Fair Value, Measurements, Recurring | Level 1 | Residential mortgage-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 0 0
Fair Value, Measurements, Recurring | Level 1 | Equity securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Trading securities, equity 5,273 5,494
Fair Value, Measurements, Recurring | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 9,563,695 9,178,952
Trading account assets 147,075 139,513
Equity securities, available-for-sale 18 18
Short-term investments 1,559 392,700
Cash equivalents 2,635,394 847,329
Other long-term investments 4,965,589 4,872,392
Reinsurance recoverables 0 0
Receivables from parent and affiliates 41,001 6,962
Subtotal excluding separate account assets 17,354,331 15,437,866
Separate account assets 37,816,389 37,429,739
TOTAL ASSETS 55,170,720 52,867,605
Future policy benefits 0 0
Payables to parent and affiliates 1,482,908 1,654,360
Other Liabilities 0 0
Total Liabilities 1,482,908 1,654,360
Fair Value, Measurements, Recurring | Level 2 | U.S. Treasury securities and obligations of U.S. government authorities and agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 4,754,912 4,465,025
Trading account assets, debt 121,410 116,184
Fair Value, Measurements, Recurring | Level 2 | Obligations of U.S. states and their political subdivisions    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 101,073 89,974
Fair Value, Measurements, Recurring | Level 2 | Foreign government bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 117,077 69,299
Trading account assets, debt 0  
Fair Value, Measurements, Recurring | Level 2 | U.S. corporate public securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 1,833,048 1,909,440
Fair Value, Measurements, Recurring | Level 2 | U.S. corporate private securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 1,108,548 997,004
Fair Value, Measurements, Recurring | Level 2 | Foreign corporate public securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 203,888 217,363
Fair Value, Measurements, Recurring | Level 2 | Foreign corporate private securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 665,246 526,504
Fair Value, Measurements, Recurring | Level 2 | Corporate securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Trading account assets, debt 23,968 21,632
Fair Value, Measurements, Recurring | Level 2 | Asset-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 109,744 219,574
Trading account assets, debt 1,697 1,697
Fair Value, Measurements, Recurring | Level 2 | Commercial mortgage-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 487,333 484,713
Fair Value, Measurements, Recurring | Level 2 | Residential mortgage-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 182,826 200,056
Fair Value, Measurements, Recurring | Level 2 | Equity securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Trading securities, equity 0 0
Fair Value, Measurements, Recurring | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 352,221 183,811
Trading account assets 5,854 4,864
Equity securities, available-for-sale 0 0
Short-term investments 450 450
Cash equivalents 375 375
Other long-term investments 0 0
Reinsurance recoverables 268,337 240,091
Receivables from parent and affiliates 0 33,962
Subtotal excluding separate account assets 627,237 463,553
Separate account assets 0 0
TOTAL ASSETS 627,237 463,553
Future policy benefits 9,331,040 7,707,333
Payables to parent and affiliates 0 0
Other Liabilities 0 0
Total Liabilities 9,331,040 7,707,333
Fair Value, Measurements, Recurring | Level 3 | U.S. Treasury securities and obligations of U.S. government authorities and agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 3,151 0
Trading account assets, debt 0 0
Fair Value, Measurements, Recurring | Level 3 | Obligations of U.S. states and their political subdivisions    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 0 0
Fair Value, Measurements, Recurring | Level 3 | Foreign government bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 0 87
Trading account assets, debt 0  
Fair Value, Measurements, Recurring | Level 3 | U.S. corporate public securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 1,911 15,598
Fair Value, Measurements, Recurring | Level 3 | U.S. corporate private securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 122,609 124,864
Fair Value, Measurements, Recurring | Level 3 | Foreign corporate public securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 0 0
Fair Value, Measurements, Recurring | Level 3 | Foreign corporate private securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 9,047 11,527
Fair Value, Measurements, Recurring | Level 3 | Corporate securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Trading account assets, debt 0 0
Fair Value, Measurements, Recurring | Level 3 | Asset-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 215,503 31,735
Trading account assets, debt 0 0
Fair Value, Measurements, Recurring | Level 3 | Commercial mortgage-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 0 0
Fair Value, Measurements, Recurring | Level 3 | Residential mortgage-backed securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale: 0 0
Fair Value, Measurements, Recurring | Level 3 | Equity securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Trading securities, equity 5,854 4,864
Other long-term investments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value investment measured at NAV per share $ 300 $ 600