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Deferred Policy Acquisition Costs and Deferred Sales Inducements (Tables)
 12 Months Ended
Dec. 31, 2014
Deferred Policy Acquisition Costs and Deferred Sales Inducements [Abstract]  
Deferred Policy Acquisition Costs
Policy acquisition costs deferred and amortized are as follows:
 
December 31,
 
2014
 
2013
 
2012
 
(Dollars in thousands)
Balance at beginning of year
$
2,426,652

 
$
1,709,799

 
$
1,683,857

Costs deferred during the year:
 
 
 
 
 
Commissions
421,802

 
420,378

 
399,001

Policy issue costs
5,080

 
5,422

 
4,410

Amortization
(163,578
)
 
(365,468
)
 
(164,919
)
Effect of net unrealized gains/losses
(631,400
)
 
656,521

 
(212,550
)
Balance at end of year
$
2,058,556

 
$
2,426,652

 
$
1,709,799
Deferred Sales Inducements
Sales inducements deferred and amortized are as follows:
 
December 31,
 
2014
 
2013
 
2012
 
(Dollars in thousands)
Balance at beginning of year
$
1,875,880

 
$
1,292,341

 
$
1,242,787

Costs deferred during the year
330,079

 
337,787

 
306,659

Amortization
(131,419
)
 
(253,113
)
 
(87,157
)
Effect of net unrealized gains/losses
(487,283
)
 
498,865

 
(169,948
)
Balance at end of year
$
1,587,257

 
$
1,875,880

 
$
1,292,341