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Reinsurance (Tables) | 6 Months Ended
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Jun. 30, 2018
Reinsurance Disclosures [Abstract] |
In-force Life Insurance | Details on in-force life insurance were as follows:
|  | June 30, 2018 |  |  | December 31, 2017 |
|  | (Dollars in thousands) |
Direct life insurance in force |  | $ | 776,662,402 |  |  | $ | 767,001,938 |
Amounts ceded to other companies |  |  | (677,001,612 | ) |  |  | (668,446,638 | )
Net life insurance in force |  | $ | 99,660,790 |  |  | $ | 98,555,300 |
Percentage of reinsured life insurance in force |  |  | 87 | % |  |  | 87 | %
Reinsurance Recoverables and Financial Strength Ratings by Reinsurer | Reinsurance recoverables include ceded reserve balances and ceded claim liabilities. Reinsurance recoverables and financial strength ratings by reinsurer were as follows:
|  | June 30, 2018 |  | December 31, 2017
|  | Reinsurance recoverables |  |  | A.M. Best rating |  | Reinsurance recoverables |  |  | A.M. Best rating
|  | (In thousands)
Pecan Re Inc. (1) (2) |  | $ | 2,740,406 |  |  | NR |  | $ | 2,725,795 |  |  | NR
SCOR Global Life Reinsurance Companies (3) |  |  | 358,777 |  |  | A+ |  |  | 354,458 |  |  | A+
Munich Re of Malta (2) (5) |  |  | 287,853 |  |  | NR |  |  | 302,391 |  |  | NR
Swiss Re Life & Health America Inc. (4) |  |  | 237,868 |  |  | A+ |  |  | 245,543 |  |  | A+
American Health and Life Insurance Company (2) |  |  | 171,072 |  |  | B |  |  | 172,956 |  |  | B
Munich American Reassurance Company |  |  | 113,630 |  |  | A+ |  |  | 112,841 |  |  | A+
Korean Reinsurance Company |  |  | 102,602 |  |  | A |  |  | 102,915 |  |  | A
RGA Reinsurance Company |  |  | 89,156 |  |  | A+ |  |  | 90,037 |  |  | A+
Hannover Life Reassurance Company |  |  | 31,126 |  |  | A+ |  |  | 32,250 |  |  | A+
TOA Reinsurance Company |  |  | 24,446 |  |  | A |  |  | 24,619 |  |  | A
All other reinsurers |  |  | 42,339 |  |  | - |  |  | 41,368 |  |  | -
Reinsurance recoverables |  | $ | 4,199,275 |  |  |  |  | $ | 4,205,173 |  |  |
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 recoverables 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) | This entity is rated AA- by S&P.

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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://fasb.org/us-gaap/role/ref/legacyRef -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/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 825 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=99380617&loc=SL75241803-196195 + Details
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