XML 36 R25.htm IDEA: XBRL DOCUMENT v3.7.0.1
Related Party Transactions (Tables)
 3 Months Ended
Mar. 31, 2017
Reinsurance Disclosure [Line Items]  
Schedule of Related Party Transactions [Table Text Block]
The following table summarizes income and expense from transactions with MetLife (excluding broker-dealer transactions) for the periods indicated:
 
Three Months Ended March 31,
 
2017
 
2016
 
2017
 
2016
 
Income
 
Expense
 
(In thousands)
MetLife
$
(174,298
)
 
$
54,528

 
$
(10,705
)
 
$
(12,483
)
The following table summarizes assets and liabilities from transactions with MetLife (excluding broker-dealer transactions) at:
 
March 31, 2017
 
December 31, 2016
 
Assets
 
Liabilities
 
Assets
 
Liabilities
 
(In thousands)
MetLife
$
481,416

 
$
378,193

 
$
322,394

 
$
99,641

The following table summarizes income and expense from transactions with related broker-dealers for the periods indicated:
 
Three Months Ended March 31,
 
2017
 
2016
 
2017
 
2016
 
Fee Income
 
Commission Expense
 
(In thousands)
MetLife broker-dealers
$
2,854

 
$
2,448

 
$
5,929

 
$
7,320


The following table summarizes assets and liabilities from transactions with affiliated broker-dealers at:
 
March 31, 2017
 
December 31, 2016
 
Fee Income Receivables
 
Secured Demand Notes
 
Fee Income Receivables
 
Secured Demand Notes
 
(In thousands)
MetLife broker-dealers
$
190

 
$
—

 
$
934

 
$
—
Effects of reinsurance
Information regarding the significant effects of affiliated reinsurance included on the interim condensed statements of operations and comprehensive income (loss) was as follows:
 
 
Three Months 
 Ended 
 March 31,
 
 
2017
 
2016
 
(In thousands)
Premiums
 
 
 
 
Reinsurance ceded
 
$
(9,844
)
 
$
(9,866
)
Universal life and investment-type product policy fees
 
 
 
 
Reinsurance ceded
 
$
(907
)
 
$
(913
)
Other revenues
 
 
 
 
Reinsurance ceded
 
$
(15,644
)
 
$
(6,653
)
Policyholder benefits and claims
 
 
 
 
Reinsurance ceded
 
$
(20,774
)
 
$
(17,072
)
Interest credited to policyholder account balances
 
 
 
 
Reinsurance ceded
 
$
(80
)
 
$
(62
)
Amortization of deferred policy acquisition costs and value of business acquired
 
 
 
 
Reinsurance ceded
 
$
(178
)
 
$
(782
)
Other expenses
 
 
 
 
Reinsurance ceded
 
$
2,641

 
$
(281
)
Information regarding the significant effects of ceded affiliated reinsurance included on the interim condensed balance sheets was as follows at:
 
 
March 31, 2017
 
December 31, 2016
 
 
(In thousands)
Assets
 
 
 
 
 
Premiums, reinsurance and other receivables
 
$
485,516

 
 
$
321,868

Deferred policy acquisition costs and value of business acquired
 
(4,662
)
 
 
(4,309
)
Total assets
 
$
480,854

 
 
$
317,559

Liabilities
 
 
 
 
 
Other liabilities
 
$
378,165

 
 
$
99,641

Total liabilities
 
$
378,165

 
 
$
99,641