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Reinsurance (Tables) | 9 Months Ended
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Sep. 30, 2016
Reinsurance Disclosures [Abstract] |
In-force Life Insurance | Details on in-force life insurance follow:
|  | September 30, 2016 |  |  | December 31, 2015 |
|  | (Dollars in thousands) |
Direct life insurance in force |  | $ | 725,613,934 |  |  | $ | 696,884,429 |
Amounts ceded to other companies |  |  | (638,417,864 | ) |  |  | (616,252,839 | )
Net life insurance in force |  | $ | 87,196,070 |  |  | $ | 80,631,590 |
Percentage of reinsured life insurance in force |  |  | 88 | % |  |  | 88 | %
Reinsurance Receivable and Financial Strength Ratings by Reinsurer | Due from reinsurers includes ceded reserve balances and ceded claim liabilities. Reinsurance receivable and financial strength ratings by reinsurer were as follows:
|  | September 30, 2016 |  | December 31, 2015
|  | Reinsurance receivable |  |  | A.M. Best rating |  | Reinsurance receivable |  |  | A.M. Best rating
|  | (In thousands)
Pecan Re Inc.(1) (2) |  | $ | 2,718,356 |  |  | NR |  | $ | - |  |  | -
Prime Reinsurance Company(2) |  |  | - |  |  | - |  |  | 2,692,721 |  |  | NR
SCOR Global Life Reinsurance Companies(3) |  |  | 358,815 |  |  | A |  |  | 362,195 |  |  | A
Munich Re Life Insurance Company of Vermont(2) (5) |  |  | 290,384 |  |  | NR |  |  | 270,306 |  |  | NR
Swiss Re Life & Health America Inc.(4) |  |  | 246,036 |  |  | A+ |  |  | 254,461 |  |  | A+
American Health and Life Insurance Company(2) |  |  | 177,295 |  |  | B |  |  | 176,790 |  |  | B
Munich American Reassurance Company |  |  | 106,446 |  |  | A+ |  |  | 101,466 |  |  | A+
Korean Reinsurance Company |  |  | 96,066 |  |  | A |  |  | 91,605 |  |  | A
RGA Reinsurance Company |  |  | 83,313 |  |  | A+ |  |  | 81,217 |  |  | A+
TOA Reinsurance Company |  |  | 22,339 |  |  | A+ |  |  | 22,242 |  |  | A+
Hannover Life Reassurance Company |  |  | 22,606 |  |  | A+ |  |  | 20,650 |  |  | A+
All other reinsurers |  |  | 39,881 |  |  | - |  |  | 36,975 |  |  | -
Due from reinsurers |  | $ | 4,161,537 |  |  |  |  | $ | 4,110,628 |  |  |
NR – not rated
(1) | Pecan Re Inc. is a wholly owned subsidiary of Swiss Re Life & Health America Inc.
(2) | Includes balances ceded under coinsurance transactions of term life insurance policies that were in force as of December 31, 2009. Amounts shown are net of their share of the reinsurance receivable from other reinsurers.
(3) | Includes amounts ceded to Transamerica Reinsurance Companies and fully retroceded to SCOR Global Life Reinsurance Companies.
(4) | Includes amounts ceded to Lincoln National Life Insurance and fully retroceded to Swiss Re Life & Health America Inc.
(5) | Previously known as Financial Reassurance Company 2010, Ltd. This entity was acquired by Munich American Reassurance Company from Citigroup Inc. (“Citigroup”) as of September 23, 2016 and was subsequently renamed Munich Re Life Insurance Company of Vermont.

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- Definition Tabular disclosure of the effects of reinsurance, for example, but not limited to, disclosure of direct, assumed, and ceded insurance. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 605 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6486672&loc=d3e27261-158547 + Details
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- Definition Tabular disclosure of reinsurer or group of reinsurers for whom the entity has a concentration of credit risk. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 825 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=28088331&loc=SL29635902-196195 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13537-108611 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13531-108611 + Details
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