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Deferred Policy Acquisition Costs and Deferred Sales Inducements (Tables)
 12 Months Ended
Dec. 31, 2015
Deferred Policy Acquisition Costs and Deferred Sales Inducements [Abstract]  
Deferred Policy Acquisition Costs
Policy acquisition costs deferred and amortized are as follows:
 
December 31,
 
2015
 
2014
 
2013
 
(Dollars in thousands)
Balance at beginning of year
$
2,058,556

 
$
2,426,652

 
$
1,709,799

Costs deferred during the year:
 
 
 
 
 
Commissions
651,094

 
421,802

 
420,378

Policy issue costs
6,545

 
5,080

 
5,422

Amortization
(286,114
)
 
(163,578
)
 
(365,468
)
Effect of net unrealized gains/losses
475,055

 
(631,400
)
 
656,521

Balance at end of year
$
2,905,136

 
$
2,058,556

 
$
2,426,652
Deferred Sales Inducements
Sales inducements deferred and amortized are as follows:
 
December 31,
 
2015
 
2014
 
2013
 
(Dollars in thousands)
Balance at beginning of year
$
1,587,257

 
$
1,875,880

 
$
1,292,341

Costs deferred during the year
486,924

 
330,079

 
337,787

Amortization
(209,390
)
 
(131,419
)
 
(253,113
)
Effect of net unrealized gains/losses
367,357

 
(487,283
)
 
498,865

Balance at end of year
$
2,232,148

 
$
1,587,257

 
$
1,875,880