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Deferred Policy Acquisition Costs and Deferred Sales Inducements (Tables)
 12 Months Ended
Dec. 31, 2016
Insurance [Abstract]  
Deferred Policy Acquisition Costs
Policy acquisition costs deferred and amortized are as follows:
 
December 31,
 
2016
 
2015
 
2014
 
(Dollars in thousands)
Balance at beginning of year
$
2,905,136

 
$
2,058,556

 
$
2,426,652

Costs deferred during the year:
 
 
 
 
 
Commissions
538,863

 
651,094

 
421,802

Policy issue costs
4,462

 
6,545

 
5,080

Amortization
(374,012
)
 
(286,114
)
 
(163,578
)
Effect of net unrealized gains/losses
(169,072
)
 
475,055

 
(631,400
)
Balance at end of year
$
2,905,377

 
$
2,905,136

 
$
2,058,556
Deferred Sales Inducements
Sales inducements deferred and amortized are as follows:
 
December 31,
 
2016
 
2015
 
2014
 
(Dollars in thousands)
Balance at beginning of year
$
2,232,148

 
$
1,587,257

 
$
1,875,880

Costs deferred during the year
353,966

 
486,924

 
330,079

Amortization
(251,166
)
 
(209,390
)
 
(131,419
)
Effect of net unrealized gains/losses
(126,730
)
 
367,357

 
(487,283
)
Balance at end of year
$
2,208,218

 
$
2,232,148

 
$
1,587,257