Deferred Policy Acquisition Costs (Tables)

12 Months Ended

Dec. 31, 2018

Deferred Policy Acquisition Costs Disclosures [Abstract]

Schedule of Deferred Acquisition Costs Table

The balances of and changes in DAC as of and for the years ended December 31, are as follows:

	2018			2017			2016
	(in thousands)
Balance, beginning of year	$	4,596,565		$	4,344,361		$	749,302
Capitalization of commissions, sales and issue expenses	372,996			277,586			269,679
Amortization-Impact of assumption and experience unlocking and true-ups	(113,534		)	288,974			226,204
Amortization-All other	(476,261		)	(275,028		)	(46,388		)
Changes in unrealized investment gains and losses	67,739			(39,328		)	18,772
Ceded DAC upon reinsurance agreement with Prudential Insurance(1)(2)	0			0			(7,480		)
Assumed DAC upon reinsurance agreement with Pruco Life(1)	0			0			3,134,272
Balance, end of year	$	4,447,505		$	4,596,565		$	4,344,361

(1) See Note 1 and Note 10 for additional information.

(2) Represents a $7.5 million true-up in 2016 to the ceded DAC upon reinsurance agreement with Prudential Insurance in 2015.