XML 38 R27.htm IDEA: XBRL DOCUMENT
v3.19.2

Fair Values of Financial Instruments (Assets and Liabilities Measured on a Recurring Basis by Fair Value Hierarchy) (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018
--- | --- | ---
Assets |  |
Derivative instruments | $ 888,208 | $ 205,149
Fair Value, Measurements, Recurring |  |
Assets |  |
Derivative instruments | 888,208 | 205,149
Cash and cash equivalents | 1,215,967 | 344,396
Counterparty collateral |  | 33,101
Assets | 52,534,848 | 46,514,761
Liabilities |  |
Fixed index annuities - embedded derivatives | 9,281,117 | 8,165,405
Liabilities | 9,281,998 |
Fair Value, Measurements, Recurring | Interest Rate Caps |  |
Assets |  |
Interest rate derivative assets | 59 | 597
Fair Value, Measurements, Recurring | Interest Rate Swap |  |
Assets |  |
Interest rate derivative assets |  | 354
Liabilities |  |
Interest rate derivative liabilities | 881 |
Fair Value, Measurements, Recurring | United States Government Full Faith and Credit |  |
Assets |  |
Fixed maturity securities, available for sale | 12,023 | 11,652
Fair Value, Measurements, Recurring | United States Government Sponsored Agencies |  |
Assets |  |
Fixed maturity securities, available for sale | 1,214,609 | 1,138,529
Fair Value, Measurements, Recurring | United States Municipalities, States and Territories |  |
Assets |  |
Fixed maturity securities, available for sale | 4,299,962 | 4,126,267
Fair Value, Measurements, Recurring | Foreign Government Obligations |  |
Assets |  |
Fixed maturity securities, available for sale | 233,095 | 230,274
Fair Value, Measurements, Recurring | Corporate Securities |  |
Assets |  |
Fixed maturity securities, available for sale | 31,312,263 | 28,371,514
Fair Value, Measurements, Recurring | Residential Mortgage Backed Securities |  |
Assets |  |
Fixed maturity securities, available for sale | 1,338,946 | 1,202,159
Fair Value, Measurements, Recurring | Commercial Mortgage Backed Securities |  |
Assets |  |
Fixed maturity securities, available for sale | 5,673,990 | 5,379,003
Fair Value, Measurements, Recurring | Other Asset Backed Securities |  |
Assets |  |
Fixed maturity securities, available for sale | 6,086,415 | 5,464,329
Fair Value, Measurements, Recurring | Equity Securities |  |
Assets |  |
Fixed maturity securities, available for sale | 259,311 | 7,437
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) |  |
Assets |  |
Derivative instruments | 0 | 0
Cash and cash equivalents | 1,215,967 | 344,396
Counterparty collateral |  | 0
Assets | 1,473,920 | 350,303
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 |  |
Fixed maturity securities, available for sale | 6,080 | 5,900
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | United States Government Sponsored Agencies |  |
Assets |  |
Fixed maturity securities, available for sale | 0 | 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | United States Municipalities, States and Territories |  |
Assets |  |
Fixed maturity securities, available for sale | 0 | 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Foreign Government Obligations |  |
Assets |  |
Fixed maturity securities, available for sale | 0 | 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Corporate Securities |  |
Assets |  |
Fixed maturity securities, available for sale | 3 | 7
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Residential Mortgage Backed Securities |  |
Assets |  |
Fixed maturity securities, available for sale | 0 | 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Commercial Mortgage Backed Securities |  |
Assets |  |
Fixed maturity securities, available for sale | 0 | 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Other Asset Backed Securities |  |
Assets |  |
Fixed maturity securities, available for sale | 0 | 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Equity Securities |  |
Assets |  |
Fixed maturity securities, available for sale | 251,870 | 0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) |  |
Assets |  |
Derivative instruments | 888,208 | 205,149
Cash and cash equivalents | 0 | 0
Counterparty collateral |  | 33,101
Assets | 51,060,928 | 46,164,458
Liabilities |  |
Fixed index annuities - embedded derivatives | 0 | 0
Liabilities | 881 |
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Interest Rate Caps |  |
Assets |  |
Interest rate derivative assets | 59 | 597
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Interest Rate Swap |  |
Assets |  |
Interest rate derivative assets |  | 354
Liabilities |  |
Interest rate derivative liabilities | 881 |
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | United States Government Full Faith and Credit |  |
Assets |  |
Fixed maturity securities, available for sale | 5,943 | 5,752
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | United States Government Sponsored Agencies |  |
Assets |  |
Fixed maturity securities, available for sale | 1,214,609 | 1,138,529
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | United States Municipalities, States and Territories |  |
Assets |  |
Fixed maturity securities, available for sale | 4,299,962 | 4,126,267
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Foreign Government Obligations |  |
Assets |  |
Fixed maturity securities, available for sale | 233,095 | 230,274
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Corporate Securities |  |
Assets |  |
Fixed maturity securities, available for sale | 31,312,260 | 28,371,507
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Residential Mortgage Backed Securities |  |
Assets |  |
Fixed maturity securities, available for sale | 1,338,946 | 1,202,159
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Commercial Mortgage Backed Securities |  |
Assets |  |
Fixed maturity securities, available for sale | 5,673,990 | 5,379,003
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Other Asset Backed Securities |  |
Assets |  |
Fixed maturity securities, available for sale | 6,086,415 | 5,464,329
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Equity Securities |  |
Assets |  |
Fixed maturity securities, available for sale | 7,441 | 7,437
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) |  |
Assets |  |
Derivative instruments | 0 | 0
Cash and cash equivalents | 0 | 0
Counterparty collateral |  | 0
Assets | 0 | 0
Liabilities |  |
Fixed index annuities - embedded derivatives | 9,281,117 | 8,165,405
Liabilities | 9,281,117 |
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 |  |
Fixed maturity securities, available for sale | 0 | 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | United States Government Sponsored Agencies |  |
Assets |  |
Fixed maturity securities, available for sale | 0 | 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | United States Municipalities, States and Territories |  |
Assets |  |
Fixed maturity securities, available for sale | 0 | 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Foreign Government Obligations |  |
Assets |  |
Fixed maturity securities, available for sale | 0 | 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Corporate Securities |  |
Assets |  |
Fixed maturity securities, available for sale | 0 | 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Residential Mortgage Backed Securities |  |
Assets |  |
Fixed maturity securities, available for sale | 0 | 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Commercial Mortgage Backed Securities |  |
Assets |  |
Fixed maturity securities, available for sale | 0 | 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Other Asset Backed Securities |  |
Assets |  |
Fixed maturity securities, available for sale | 0 | 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Equity Securities |  |
Assets |  |
Fixed maturity securities, available for sale | $ 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: |