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Reinsurance (Tables) | 12 Months Ended
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Dec. 31, 2018
Reinsurance Disclosures [Abstract] |
In-force Life Insurance | The following table represents the Company’s in-force life insurance at December 31, 2018 and 2017:
|  | December 31, 2018 |  |  | December 31, 2017 |
|  | (Dollars in thousands) |
Direct life insurance in force |  | $ | 783,979,673 |  |  | $ | 767,001,938 |
Amounts ceded to other companies |  |  | (682,708,797 | ) |  |  | (668,446,638 | )
Net life insurance in force |  | $ | 101,270,876 |  |  | $ | 98,555,300 |
Percentage of reinsured life insurance in force |  |  | 87 | % |  |  | 87 | %
Reinsurance Recoverables and Financial Strength Ratings by Reinsurer | Reinsurance recoverables includes ceded reserve balances and ceded claim liabilities. Reinsurance recoverables and financial strength ratings by reinsurer were as follows:
|  | December 31, 2018 |  | December 31, 2017
|  | Reinsurance recoverables |  |  | A.M. Best rating |  | Reinsurance recoverables |  |  | A.M. Best rating
|  | (In thousands)
Pecan Re Inc. (1) (2) |  | $ | 2,701,326 |  |  | NR |  | $ | 2,725,795 |  |  | NR
SCOR Global Life Reinsurance Companies (3) |  |  | 348,109 |  |  | A+ |  |  | 354,458 |  |  | A+
Munich Re of Malta (2) (5) |  |  | 276,154 |  |  | NR |  |  | 302,391 |  |  | NR
Swiss Re Life & Health America Inc. (4) |  |  | 234,643 |  |  | A+ |  |  | 245,543 |  |  | A+
American Health and Life Insurance Company (2) |  |  | 170,628 |  |  | B+ |  |  | 172,956 |  |  | B
Munich American Reassurance Company |  |  | 114,604 |  |  | A+ |  |  | 112,841 |  |  | A+
Korean Reinsurance Company |  |  | 104,101 |  |  | A |  |  | 102,915 |  |  | A
RGA Reinsurance Company |  |  | 90,989 |  |  | A+ |  |  | 90,037 |  |  | A+
Hannover Life Reassurance Company |  |  | 31,729 |  |  | A+ |  |  | 32,250 |  |  | A+
TOA Reinsurance Company |  |  | 25,434 |  |  | A |  |  | 24,619 |  |  | A
All other reinsurers |  |  | 43,852 |  |  | - |  |  | 41,368 |  |  | -
Reinsurance recoverables |  | $ | 4,141,569 |  |  |  |  | $ | 4,205,173 |  |  |
NR – not rated
(1) | Pecan Re Inc. (“Pecan Re”) is a wholly owned subsidiary of Swiss Re Life & Health America Inc. (“Swiss Re”).
(2) | Entity is an IPO coinsurer. Reinsurance recoverables 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) | Entity is rated AA- by S&P.

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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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