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Certain Nontraditional Long-Duration Contracts (Tables)
12 Months Ended
Dec. 31, 2014
DisclosureTextBlockAbstract  
ScheduleOfMinimumGuaranteedBenefitLiabilitiesTextBlock
   GMDB GMAB/GMWB/GMIWB GMIB Totals
     Variable Annuity  
     (in thousands)  
Beginning Balance as of December 31, 2011 $ 177,718$ 1,783,594$ 14,377$ 1,975,689
Incurred guarantee benefits (1)   76,240  9,541  9,821  95,602
Paid guarantee benefits   (31,431)  -  (682)  (32,113)
Beginning Balance as of December 31, 2012   222,527  1,793,135  23,516  2,039,178
Incurred guarantee benefits (1)   (3,191)  (1,014,909)  (11,650)  (1,029,750)
Paid guarantee benefits   (27,507)  -  (747)  (28,254)
Changes in unrealized investment gains and losses   8,041  -  160  8,201
Beginning Balance as of December 31, 2013   199,870  778,226  11,279  989,375
Incurred guarantee benefits (1)   81,524  2,334,185  8,506  2,424,215
Paid guarantee benefits   (25,909)  -  (724)  (26,633)
Changes in unrealized investment gains and losses   128  -  43  171
Balance as of December 31, 2014 $ 255,613$ 3,112,411$ 19,104$ 3,387,128

  • Incurred guarantee benefits include the portion of assessments established as additions to reserve as well as changes in estimates affecting the reserves. Also includes changes in the fair value of features accounted for as derivatives.
ScheduleOfNetAmountOfRiskByProductAndGuaranteeTextBlock
  December 31, 2014   December 31, 2013 
  In the Event of DeathAt Annuitization/ Accumulation (1)  In the Event of DeathAt Annuitization/ Accumulation (1)
Variable Annuity Contracts (in thousands)
            
Return of net deposits           
Account value  $ 38,410,155N/A  $ 40,828,166N/A
Net amount at risk  $ 353,902N/A  $ 407,488N/A
Average attained age of contractholders  65yearsN/A  64yearsN/A
            
Minimum return or contract value           
Account value  $ 7,886,833$ 38,471,465  $ 8,446,938$ 40,678,507
Net amount at risk  $ 916,016$ 1,358,023  $ 916,094$ 1,272,641
Average attained age of contractholders  67years64years  66years64years
Average period remaining until expected annuitization  N/A0.1years  N/A0.2year

  • Includes income and withdrawal benefits described herein.
scheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTextBlock
  December 31, 2014 December 31, 2013
  (in thousands)
Equity funds $ 28,191,315 $ 28,992,157
Bond funds   12,844,788   14,924,698
Money market funds   2,783,023   2,430,792
Total $ 43,819,126 $ 46,347,647
Deferred Sales Inducements Table Text Block
    Sales Inducements
    (in thousands)
Balance as of December 31, 2011$ 445,841
  Capitalization  59,269
  Amortization - Impact of assumption and experience unlocking and true-ups  133,214
  Amortization - All other  (94,752)
  Change in unrealized gains/losses  13,258
Balance as of December 31, 2012  556,830
  Capitalization  31,370
  Amortization - Impact of assumption and experience unlocking and true-ups  13,038
  Amortization - All other  179,219
  Change in unrealized gains/losses  28,790
Balance as of December 31, 2013  809,247
  Capitalization  11,515
  Amortization - Impact of assumption and experience unlocking and true-ups  45,417
  Amortization - All other  (204,563)
  Change in unrealized gains/losses  3,591
Balance as of December 31, 2014$ 665,207
Schedule of Account Value of Market Value Annuities Text Block
    December 31, 2014  December 31, 2013
    Unadjusted Value  Adjusted Value  Unadjusted Value  Adjusted Value
 Variable Annuity Contracts (in thousands)
 Market value adjusted annuities            
 Account value $ 1,244,131 $ 1,251,084 $ 1,554,743 $ 1,580,487