XML 62 R49.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Fair Values of Financial Instruments (Assets and Liabilities Measured on a Recurring Basis by Fair Value Hierarchy) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017
--- | --- | ---
Assets |  |
Derivative instruments | $ 205,149 | $ 1,568,380
Fair Value, Measurements, Recurring |  |
Assets |  |
Derivative instruments | 205,149 | 1,568,380
Cash and cash equivalents | 344,396 | 1,434,045
Counterparty collateral | 33,101 | 186,108
Assets | 46,514,761 | 48,854,366
Liabilities |  |
Fixed index annuities - embedded derivatives | 8,165,405 | 8,790,427
Liabilities |  | 8,791,216
Fair Value, Measurements, Recurring | Interest Rate Caps |  |
Assets |  |
Interest rate derivative assets | 597 | 415
Fair Value, Measurements, Recurring | Interest Rate Swap |  |
Assets |  |
Interest rate derivative assets | 354 |
Liabilities |  |
Interest rate derivative liabilities |  | 789
Fair Value, Measurements, Recurring | United States Government Full Faith and Credit |  |
Assets |  |
Available for sale securities | 11,652 | 11,876
Fair Value, Measurements, Recurring | United States Government Sponsored Agencies |  |
Assets |  |
Available for sale securities | 1,138,529 | 1,305,017
Fair Value, Measurements, Recurring | United States Municipalities, States and Territories |  |
Assets |  |
Available for sale securities | 4,126,267 | 4,166,812
Fair Value, Measurements, Recurring | Foreign Government Obligations |  |
Assets |  |
Available for sale securities | 230,274 | 239,360
Fair Value, Measurements, Recurring | Corporate Securities |  |
Assets |  |
Available for sale securities | 28,371,514 | 29,878,971
Fair Value, Measurements, Recurring | Residential Mortgage Backed Securities |  |
Assets |  |
Available for sale securities | 1,202,159 | 1,105,567
Fair Value, Measurements, Recurring | Commercial Mortgage Backed Securities |  |
Assets |  |
Available for sale securities | 5,379,003 | 5,544,850
Fair Value, Measurements, Recurring | Other Asset Backed Securities |  |
Assets |  |
Available for sale securities | 5,464,329 | 3,120,536
Fair Value, Measurements, Recurring | Equity Securities |  |
Assets |  |
Available for sale securities | 7,437 | 292,429
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) |  |
Assets |  |
Derivative instruments | 0 | 0
Cash and cash equivalents | 344,396 | 1,434,045
Counterparty collateral | 0 | 0
Assets | 350,303 | 1,724,690
Liabilities |  |
Fixed index annuities - embedded derivatives | 0 | 0
Liabilities |  | 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Interest Rate Caps |  |
Assets |  |
Interest rate derivative assets | 0 | 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Interest Rate Swap |  |
Assets |  |
Interest rate derivative assets | 0 |
Liabilities |  |
Interest rate derivative liabilities |  | 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | United States Government Full Faith and Credit |  |
Assets |  |
Available for sale securities | 5,900 | 5,640
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | United States Government Sponsored Agencies |  |
Assets |  |
Available for sale securities | 0 | 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | United States Municipalities, States and Territories |  |
Assets |  |
Available for sale securities | 0 | 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Foreign Government Obligations |  |
Assets |  |
Available for sale securities | 0 | 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Corporate Securities |  |
Assets |  |
Available for sale securities | 7 | 5
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Residential Mortgage Backed Securities |  |
Assets |  |
Available for sale securities | 0 | 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Commercial Mortgage Backed Securities |  |
Assets |  |
Available for sale securities | 0 | 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Other Asset Backed Securities |  |
Assets |  |
Available for sale securities | 0 | 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Equity Securities |  |
Assets |  |
Available for sale securities | 0 | 285,000
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) |  |
Assets |  |
Derivative instruments | 205,149 | 1,568,380
Cash and cash equivalents | 0 | 0
Counterparty collateral | 33,101 | 186,108
Assets | 46,164,458 | 47,129,676
Liabilities |  |
Fixed index annuities - embedded derivatives | 0 | 0
Liabilities |  | 789
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Interest Rate Caps |  |
Assets |  |
Interest rate derivative assets | 597 | 415
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Interest Rate Swap |  |
Assets |  |
Interest rate derivative assets | 354 |
Liabilities |  |
Interest rate derivative liabilities |  | 789
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | United States Government Full Faith and Credit |  |
Assets |  |
Available for sale securities | 5,752 | 6,236
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | United States Government Sponsored Agencies |  |
Assets |  |
Available for sale securities | 1,138,529 | 1,305,017
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | United States Municipalities, States and Territories |  |
Assets |  |
Available for sale securities | 4,126,267 | 4,166,812
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Foreign Government Obligations |  |
Assets |  |
Available for sale securities | 230,274 | 239,360
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Corporate Securities |  |
Assets |  |
Available for sale securities | 28,371,507 | 29,878,966
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Residential Mortgage Backed Securities |  |
Assets |  |
Available for sale securities | 1,202,159 | 1,105,567
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Commercial Mortgage Backed Securities |  |
Assets |  |
Available for sale securities | 5,379,003 | 5,544,850
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Other Asset Backed Securities |  |
Assets |  |
Available for sale securities | 5,464,329 | 3,120,536
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Equity Securities |  |
Assets |  |
Available for sale securities | 7,437 | 7,429
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) |  |
Assets |  |
Derivative instruments | 0 | 0
Cash and cash equivalents | 0 | 0
Counterparty collateral | 0 | 0
Assets | 0 | 0
Liabilities |  |
Fixed index annuities - embedded derivatives | 8,165,405 | 8,790,427
Liabilities |  | 8,790,427
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Interest Rate Caps |  |
Assets |  |
Interest rate derivative assets | 0 | 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Interest Rate Swap |  |
Assets |  |
Interest rate derivative assets | 0 |
Liabilities |  |
Interest rate derivative liabilities |  | 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | United States Government Full Faith and Credit |  |
Assets |  |
Available for sale securities | 0 | 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | United States Government Sponsored Agencies |  |
Assets |  |
Available for sale securities | 0 | 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | United States Municipalities, States and Territories |  |
Assets |  |
Available for sale securities | 0 | 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Foreign Government Obligations |  |
Assets |  |
Available for sale securities | 0 | 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Corporate Securities |  |
Assets |  |
Available for sale securities | 0 | 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Residential Mortgage Backed Securities |  |
Assets |  |
Available for sale securities | 0 | 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Commercial Mortgage Backed Securities |  |
Assets |  |
Available for sale securities | 0 | 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Other Asset Backed Securities |  |
Assets |  |
Available for sale securities | 0 | 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Equity Securities |  |
Assets |  |
Available for sale securities | $ 0 | $ 0

X
- References No definition available. + Details
Name: | us-gaap_AssetsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
Name: | us-gaap_AssetsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References No definition available. + Details
Name: | us-gaap_CashAndCashEquivalentsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226008-175313 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13433-108611 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 + Details
Name: | us-gaap_DerivativeAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value as of the balance sheet date of the embedded derivative or group of embedded derivatives classified as a liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959 + Details
Name: | us-gaap_EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value as of the balance sheet date of interest rate derivative assets, which includes all such derivative instruments in hedging and nonhedging relationships that are recognized as assets. + References No definition available. + Details
Name: | us-gaap_InterestRateDerivativeAssetsAtFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value as of the balance sheet date of interest rate derivative liabilities, which includes all such derivative instruments in hedging and nonhedging relationships that are recognized as liabilities. + References No definition available. + Details
Name: | us-gaap_InterestRateDerivativeLiabilitiesAtFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value portion of investment securities, including, but not limited to, marketable securities, derivative financial instruments, and investments accounted for under the equity method. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
Name: | us-gaap_InvestmentsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- References No definition available. + Details
Name: | us-gaap_LiabilitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value of financial and nonfinancial obligations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
Name: | us-gaap_LiabilitiesFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value portion of other assets. + References No definition available. + Details
Name: | us-gaap_OtherAssetsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateCapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_USTreasurySecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_ForeignGovernmentDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_CorporateDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_AssetBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_EquitySecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |