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Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2017
Reinsurance Disclosures [Abstract]  
Reinsurance Impact On Balance Sheet
Reinsurance amounts included in the Company's Statements of Financial Position as of December 31, were as follows:
 
2017
 
2016
 
(in thousands)
Reinsurance recoverables
$
563,428

 
$
588,608

Deferred policy acquisition costs
3,766,066

 
3,557,248

Deferred sales inducements
540,389

 
520,182

Value of business acquired
(2,702
)
 
(2,357
)
Other assets
105,167

 
112,802

Policyholders’ account balances
2,825,030

 
2,576,357

Future policy benefits
5,511,496

 
5,130,753

Reinsurance payables(1)
262,588

 
275,822

Other liabilities
329,019

 
335,713


(1)
"Reinsurance payables" includes $0.1 million of unaffiliated activity as of both December 31, 2017 and 2016.
Reinsurance Table By Affiliate
The reinsurance recoverables by counterparty are broken out below:
 
December 31, 2017
 
December 31, 2016
 
(in thousands)
Prudential Insurance
$
310,758

 
$
306,191

Pruco Life
252,383

 
282,326

Unaffiliated
287

 
91

Total reinsurance recoverables
$
563,428

 
$
588,608
Reinsurance Impact On Income Statement
Reinsurance amounts, included in the Company’s Statements of Operations and Comprehensive Income for the years ended December 31, were as follows:
 
2017
 
2016
 
2015(3)
 
(in thousands)
Premiums:
 
 
 
 
 
Direct
$
33,908

 
$
39,326

 
$
33,250

Assumed
32,890

 
860,831

 
0

Ceded
(3,225
)
 
(3,318
)
 
(23,463
)
Net premiums
63,573

 
896,839

 
9,787

Policy charges and fee income:
 
 
 
 
 
Direct
622,099

 
647,226

 
743,956

Assumed
1,632,132

 
1,153,752

 
0

Ceded(1)
(44,652
)
 
(45,754
)
 
(3,133
)
Net policy charges and fee income
2,209,579

 
1,755,224

 
740,823

Asset administration fees and other income:
 
 
 
 
 
Direct
129,847

 
103,892

 
177,479

Assumed
293,275

 
205,221

 
0

Ceded
(9,747
)
 
(9,729
)
 
0

Net asset administration fees and other income
413,375

 
299,384

 
177,479

Realized investment gains (losses), net:
 
 
 
 
 
Direct
(1,335,253
)
 
(3,612,578
)
 
247,525

Assumed
554,686

 
(81,510
)
 
0

Ceded
(24,833
)
 
251,328

 
(241,473
)
Realized investment gains (losses), net
(805,400
)
 
(3,442,760
)
 
6,052

Policyholders' benefits (including change in reserves):
 
 
 
 
 
Direct
52,477

 
74,438

 
81,719

Assumed
46,375

 
553,280

 
0

Ceded(2)
15,216

 
(23,661
)
 
(21,258
)
Net policyholders' benefits (including change in reserves)
114,068

 
604,057

 
60,461

Interest credited to policyholders’ account balances:
 
 
 
 
 
Direct
9,834

 
74,389

 
225,555

Assumed
24,708

 
(1,551
)
 
0

Ceded
(4,262
)
 
(3,949
)
 
0

Net interest credited to policyholders’ account balances
30,280

 
68,889

 
225,555

Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization
725,749

 
563,027

 
(6,054
)

(1)
"Policy charges and fee income ceded" includes $(2) million, $(2) million and $(3) million of unaffiliated activity for the years ended December 31, 2017, 2016 and 2015, respectively.
(2)
"Policyholders' benefits (including change in reserves) ceded" includes $(0.1) million, $(0.3) million and $(0.1) million of unaffiliated activity for the years ended December 31, 2017, 2016 and 2015, respectively.
(3)
Prior period amounts are presented on a basis consistent with the current presentation.