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Equity (Tables)
 9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
The balance of and changes in each component of “Accumulated other comprehensive income (loss)” for the nine months ended September 30, 2018 and 2017 are as follows:
 
Accumulated Other Comprehensive Income (Loss)
 
Foreign Currency Translation Adjustments
 
Net Unrealized
Investment Gains
(Losses)(1)
 
Total Accumulated Other Comprehensive Income (Loss)
 
(in thousands)
Balance, December 31, 2017
$
(7
)
 
$
(90,117
)
 
$
(90,124
)
Change in OCI before reclassifications
(1,192
)
 
(438,304
)
 
(439,496
)
Amounts reclassified from AOCI
0

 
54,870

 
54,870

Income tax benefit (expense)
251

 
80,522

 
80,773

Cumulative effect of adoption of ASU 2016-01
0

 
(3
)
 
(3
)
Cumulative effect of adoption of ASU 2018-02
(2
)
 
(36,712
)
 
(36,714
)
Balance, September 30, 2018
$
(950
)
 
$
(429,744
)
 
$
(430,694
)
 
 
 
Accumulated Other Comprehensive Income (Loss)
 
Foreign Currency Translation Adjustments
 
Net Unrealized
Investment Gains
(Losses)(1)
 
Total Accumulated Other Comprehensive Income (Loss)
 
(in thousands)
Balance, December 31, 2016
$
(78
)
 
$
(314,870
)
 
$
(314,948
)
Change in OCI before reclassifications
95

 
222,991

 
223,086

Amounts reclassified from AOCI
0

 
4,407

 
4,407

Income tax benefit (expense)
(33
)
 
(79,589
)
 
(79,622
)
Balance, September 30, 2017
$
(16
)
 
$
(167,061
)
 
$
(167,077
)

(1)
Includes cash flow hedges of $(24) million and $(26) million as of September 30, 2018 and December 31, 2017, respectively, and $(15) million and $12 million as of September 30, 2017 and December 31, 2016, respectively.
Reclassification out of Accumulated Other Comprehensive Income
Reclassifications out of Accumulated Other Comprehensive Income (Loss)
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2018
 
2017
 
2018
 
2017
 
(in thousands)
Amounts reclassified from AOCI(1)(2):
 
 
 
 
 
 
 
Net unrealized investment gains (losses):
 
 
 
 
 
 
 
Cash flow hedges—Currency/ Interest rate(3)
$
4,339

 
$
(1,484
)
 
$
13,850

 
$
(1,861
)
Net unrealized investment gains (losses) on available-for-sale securities
(10,755
)
 
(1,180
)
 
(68,720
)
 
(2,546
)
Total net unrealized investment gains (losses)(4)
(6,416
)
 
(2,664
)
 
(54,870
)
 
(4,407
)
Total reclassifications for the period
$
(6,416
)
 
$
(2,664
)
 
$
(54,870
)
 
$
(4,407
)

(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 4 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 costs, other costs, future policy benefits and other liabilities.
OTTI Net Unrealized Investment Gains (Losses) AOCI Rollforward
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 (losses), are as follows:

Net Unrealized Investment Gains (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 and Other Liabilities
 
Deferred
Income Tax
(Liability)
Benefit
 
Accumulated Other Comprehensive
Income (Loss) Related to Net Unrealized Investment Gains (Losses)
 
(in thousands)
Balance, December 31, 2017
$
12,311

 
$
(1,008
)
 
$
(157
)
 
$
(3,263
)
 
$
7,883

Net investment gains (losses) on investments arising during the period
(12,928
)
 
0

 
0

 
2,715

 
(10,213
)
Reclassification adjustment for (gains) losses included in net income
(192
)
 
0

 
0

 
40

 
(152
)
Reclassification adjustment for OTTI (gains) losses excluded from net income(1)
(225
)
 
0

 
0

 
47

 
(178
)
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs
0

 
2,841

 
0

 
(597
)
 
2,244

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

 
0

 
518

 
(109
)
 
409

Balance, September 30, 2018
$
(1,034
)
 
$
1,833

 
$
361

 
$
(1,167
)
 
$
(7
)

(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 (Losses) in AOCI Rollforward
All Other Net Unrealized Investment Gains (Losses) in AOCI
 
Net Unrealized
Gains (Losses)
on Investments(1)
 
Deferred Policy Acquisition Costs and Other Costs
 
Future Policy Benefits and Other Liabilities
 
Deferred
Income Tax
(Liability)
Benefit
 
Accumulated Other Comprehensive
Income (Loss) Related to Net Unrealized Investment Gains (Losses)
 
(in thousands)
Balance, December 31, 2017
$
(71,723
)
 
$
(82,212
)
 
$
(16,997
)
 
$
72,932

 
$
(98,000
)
Net investment gains (losses) on investments arising during the period
(553,949
)
 
0

 
0

 
116,330

 
(437,619
)
Reclassification adjustment for (gains) losses included in net income
55,062

 
0

 
0

 
(11,562
)
 
43,500

Reclassification adjustment for OTTI (gains) losses excluded from net income(2)
225

 
0

 
0

 
(47
)
 
178

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

 
105,676

 
0

 
(22,192
)
 
83,484

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

 
0

 
19,538

 
(4,103
)
 
15,435

Cumulative effect of adoption of ASU 2016-01
(4
)
 
0

 
0

 
1

 
(3
)
Cumulative effect of adoption of ASU 2018-02
0
 
0
 
0
 
(36,712
)
 
(36,712
)
Balance, September 30, 2018
$
(570,389
)
 
$
23,464

 
$
2,541

 
$
114,647

 
$
(429,737
)

(1)
Includes cash flow hedges. See Note 4 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.