Certain Nontraditional Long-Duration Contracts (Tables)

12 Months Ended

Dec. 31, 2018

Summary of Variable Annuity Contracts

As of December 31, 2018 and 2017, the Company had the following guarantees associated with these contracts, by product and guarantee type:

	December 31, 2018
($ in millions)	In the Event of Death		At Annuitization/ Accumulation		For Cumulative Periodic Withdrawals		Accumulation at Specified Dates
Variable Annuity Contracts
Separate account value	$	443.6	$	98.2	$	8.1	$	40.4
Net amount at risk	$	60.3	$	14.8	$	0.5	$	6.3
Average attained age of contractholders		63 years		N/A		N/A		N/A
Weighted average waiting period until guarantee date		N/A		None		N/A		5 years
Variable Life, Variable Universal Life and Universal Life Contracts
No Lapse Guarantees
Separate account value	$	320.3
General account value	$	3,610.2
Net amount at risk	$	64,931.8
Average attained age of contractholders		51 years
	December 31, 2017
($ in millions)	In the Event of Death		At Annuitization/ Accumulation		For Cumulative Periodic Withdrawals		Accumulation at Specified Dates
Variable Annuity Contracts
Separate account value	$	543.4	$	121.8	$	9.9	$	52.9
Net amount at risk	$	44.1	$	10.6	$	0.1	$	4.6
Average attained age of contractholders		62 years		N/A		N/A		N/A
Weighted average waiting period until guarantee date		N/A		None		N/A		5 years
Variable Life, Variable Universal Life and Universal Life Contracts
No Lapse Guarantees
Separate account value	$	396.7
General account value	$	3,687.9
Net amount at risk	$	71,791.0
Average attained age of contractholders		50 years

Liabilities for Guarantee Benefits

The changes in general account liabilities for guarantees on variable contracts were as follows:

	GMDB		GMIB		GMWB/GMAB		Secondary Guarantees
($ in thousands)	Variable Annuity		Variable Annuity		Variable Annuity		Interest- Sensitive Life and Fixed Annuities			Total
Balance as of December 31, 2015	$	8,844	$	5,663	$	7,814	$	741,285		$	763,606
Less: reinsurance recoverable		8,844		5,663		7,814		100,317			122,638
Net balance as of December 31, 2015		—		—		—		640,968			640,968
Incurred guarantee benefits		—		—		—		316,344			316,344
Paid guarantee benefits		—		—		—		(156,067	)		(156,067	)
Net change		—		—		—		160,277			160,277
Net balance as of December 31, 2016		—		—		—		801,245			801,245
Plus reinsurance recoverable		8,626		3,440		6,835		122,608			141,509
Balance as of December 31, 2016	$	8,626	$	3,440	$	6,835	$	923,853		$	942,754
Less: reinsurance recoverable		8,626		3,440		6,835		122,608			141,509
Net balance as of December 31, 2016		—		—		—		801,245			801,245
Incurred guarantee benefits		—		—		—		309,455			309,455
Paid guarantee benefits		—		—		—		(151,946	)		(151,946	)
Net change		—		—		—		157,509			157,509
Net balance as of December 31, 2017		—		—		—		958,754			958,754
Plus reinsurance recoverable		7,516		2,248		4,670		149,618			164,052
Balance as of December 31, 2017	$	7,516	$	2,248	$	4,670	$	1,108,372		$	1,122,806
Less: reinsurance recoverable		7,516		2,248		4,670		149,618			164,052
Net balance as of December 31, 2017		—		—		—		958,754			958,754
Incurred guarantee benefits		—		—		—		307,878			307,878
Paid guarantee benefits		—		—		—		(201,517	)		(201,517	)
Net change		—		—		—		106,361			106,361
Net balance as of December 31, 2018		—		—		—		1,065,115			1,065,115
Plus reinsurance recoverable		9,903		3,299		5,316		169,022			187,540
Balance as of December 31, 2018	$	9,903	$	3,299	$	5,316	$	1,234,137		$	1,252,655