XML 56 R45.htm IDEA: XBRL DOCUMENT v3.19.1
Fair Value of Assets and Liabilities (Balances of Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale $ 11,700,494 $ 9,771,673
Fixed maturities trading 335,751 289,752
Equity securities 26,247 20,613
Short-term investments 123,310 37,568
Other invested assets 334,737 348,541
Reinsurance recoverables 592,751 572,102
Receivables from parent and affiliates 15,676 46,381
Separate account assets 33,071,354 31,210,346
TOTAL ASSETS 56,370,730 54,677,844
Future policy benefits 10,346,448 9,368,986
Policyholders’ account balances 5,465,749 5,353,596
Payables to parent and affiliates 197,220 30,846
Other Liabilities 406,009 811,016
Total Liabilities 50,549,780 47,936,276
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 9,317,000 8,332,000
Embedded Derivative, Fair Value of Embedded Derivative Gross Asset 608,000 625,000
Embedded Derivative, Fair Value of Embedded Derivative Gross Liability 9,925,000 8,957,000
Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 11,700,494 9,771,673
Fixed maturities trading 335,751 289,752
Equity securities 16,247 10,613
Short-term investments 115,560 29,818
Cash equivalents 1,331,528 3,692,359
Other invested assets 2 42,978
Reinsurance recoverables 283,991 239,911
Receivables from parent and affiliates 3,171 37,193
Subtotal excluding separate account assets 13,786,744 14,114,297
Separate account assets 33,071,354 31,210,346
TOTAL ASSETS 46,858,098 45,324,643
Future policy benefits 9,316,905 8,332,474
Policyholders’ account balances 80,579 42,350
Payables to parent and affiliates 152,202 0
Other Liabilities 13,425 6,629
Total Liabilities 9,563,111 8,381,453
Assets Netting (4,467,947) (4,804,816)
Liabilities Netting (2,095,054) (2,134,160)
Netting 2,373,000 2,671,000
Fair Value, Measurements, Recurring | Other invested assets    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets Netting (4,467,947) (4,804,816)
Fair Value, Measurements, Recurring | Payables to parent and affiliates    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Liabilities Netting (2,094,591) (2,133,496)
Fair Value, Measurements, Recurring | Other liabilities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Liabilities Netting (463) (664)
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 6,437,194 4,884,091
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 135,099 131,164
Fair Value, Measurements, Recurring | Foreign government    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 211,474 199,636
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 1,619,726 1,473,973
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 1,064,225 1,062,953
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 301,248 291,086
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 916,309 812,232
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 512,969 505,244
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 416,733 361,880
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 85,517 49,414
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
Fixed maturities trading 0 0
Equity securities 5,324 4,896
Short-term investments 0 0
Cash equivalents 499,687 1,098,903
Other invested assets 463 4,380
Reinsurance recoverables 0 0
Receivables from parent and affiliates 0 0
Subtotal excluding separate account assets 505,474 1,108,179
Separate account assets 0 0
TOTAL ASSETS 505,474 1,108,179
Future policy benefits 0 0
Policyholders’ account balances 0 0
Payables to parent and affiliates 0 0
Other Liabilities 13,888 7,293
Total Liabilities 13,888 7,293
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
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    
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 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 | Asset-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 | 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 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 11,556,657 9,668,753
Fixed maturities trading 335,751 289,752
Equity securities 5,307 12
Short-term investments 115,560 29,818
Cash equivalents 831,841 2,593,456
Other invested assets 4,467,486 4,843,414
Reinsurance recoverables 0 0
Receivables from parent and affiliates 3,171 37,193
Subtotal excluding separate account assets 17,315,773 17,462,398
Separate account assets 33,071,354 31,210,346
TOTAL ASSETS 50,387,127 48,672,744
Future policy benefits 0 0
Policyholders’ account balances 0 0
Payables to parent and affiliates 2,246,793 2,133,496
Other Liabilities 0 0
Total Liabilities 2,246,793 2,133,496
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 6,428,415 4,875,959
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 135,099 131,164
Fair Value, Measurements, Recurring | Level 2 | Foreign government    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 211,474 199,636
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 1,619,726 1,473,973
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 1,010,861 1,008,632
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 301,031 291,086
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 885,090 781,101
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 493,289 495,908
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 386,155 361,880
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 85,517 49,414
Fair Value, Measurements, Recurring | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 143,837 102,920
Fixed maturities trading 0 0
Equity securities 5,616 5,705
Short-term investments 0 0
Cash equivalents 0 0
Other invested assets 0 0
Reinsurance recoverables 283,991 239,911
Receivables from parent and affiliates 0 0
Subtotal excluding separate account assets 433,444 348,536
Separate account assets 0 0
TOTAL ASSETS 433,444 348,536
Future policy benefits 9,316,905 8,332,474
Policyholders’ account balances 80,579 42,350
Payables to parent and affiliates 0 0
Other Liabilities 0 0
Total Liabilities 9,397,484 8,374,824
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 8,779 8,132
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    
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 | 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 3 | U.S. corporate private securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 53,364 54,321
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 217 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 31,219 31,131
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 19,680 9,336
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 30,578 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
Other invested assets    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value investment measured at NAV per share $ 8,200 $ 8,000