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OFFSETTING OF ASSETS AND LIABILITIES (Tables)
 6 Months Ended
Jun. 30, 2020
Offsetting [Abstract]  
Schedule of Derivative Instruments by Assets and Liabilities
The tables below present the derivative instruments by assets and liabilities for the Company as of June 30, 2020.
Gross
Amounts of
Recognized
Assets		Gross
Amounts
Offset in the
Balance Sheets		Net Amounts
of Assets
Presented in
the
Balance Sheets		Gross Amounts Not Offset
in the 
Balance Sheets
Financial
Instruments		Collateral
Received		Net Amount
 (Dollars In Thousands)
Offsetting of Assets      
Derivatives:      
Free-Standing derivatives$897,057  $—  $897,057  $328,282  $404,541  $164,234  
Total derivatives, subject to a master netting arrangement or similar arrangement897,057  —  897,057  328,282  404,541  164,234  
Derivatives not subject to a master netting arrangement or similar arrangement      
Embedded derivative - Modco reinsurance treaties64,758  —  64,758  —  —  64,758  
Embedded derivative - GLWB45,636  —  45,636  —  —  45,636  
Derivatives with PLC113,653  —  113,653  —  —  113,653  
Other51,860  —  51,860  —  —  51,860  
Total derivatives, not subject to a master netting arrangement or similar arrangement275,907  —  275,907  —  —  275,907  
Total derivatives1,172,964  —  1,172,964  328,282  404,541  440,141  
Total Assets$1,172,964  $—  $1,172,964  $328,282  $404,541  $440,141  
Gross
Amounts of
Recognized
Liabilities		Gross
Amounts
Offset in the
Balance Sheets		Net Amounts
of Liabilities
Presented in
the
Balance Sheets		Gross Amounts Not Offset
in the 
Balance Sheets
Financial
Instruments		Collateral
Posted		Net Amount
 (Dollars In Thousands)
Offsetting of Liabilities      
Derivatives:      
Free-Standing derivatives$332,141  $—  $332,141  $328,282  $2,040  $1,819  
Total derivatives, subject to a master netting arrangement or similar arrangement332,141  —  332,141  328,282  2,040  1,819  
Derivatives, not subject to a master netting arrangement or similar arrangement      
Embedded derivative - Modco reinsurance treaties289,709  —  289,709  —  —  289,709  
Funds withheld derivative159,370  —  159,370  —  —  159,370  
Embedded derivative - GLWB636,398  —  636,398  —  —  636,398  
Embedded derivative - FIA497,336  —  497,336  —  —  497,336  
Embedded derivative - IUL196,655  —  196,655  —  —  196,655  
Other44,153  —  44,153  —  —  44,153  
Total derivatives, not subject to a master netting arrangement or similar arrangement1,823,621  —  1,823,621  —  —  1,823,621  
Total derivatives2,155,762  —  2,155,762  328,282  2,040  1,825,440  
Repurchase agreements(1)
100,000  —  100,000  —  —  100,000  
Total Liabilities$2,255,762  $—  $2,255,762  $328,282  $2,040  $1,925,440  
(1) Borrowings under repurchase agreements are for a term less than 90 days.
The tables below present the derivative instruments by assets and liabilities for the Company as of December 31, 2019.
Gross
Amounts of
Recognized
Assets		Gross
Amounts
Offset in the
Balance Sheets		Net Amounts
of Assets
Presented in
the
Balance Sheets		Gross Amounts Not Offset
in the Balance Sheets
Financial
Instruments		Collateral
Received		Net Amount
 (Dollars In Thousands)
Offsetting of Assets      
Derivatives:      
Free-Standing derivatives$785,650  $—  $785,650  $452,562  $215,587  $117,501  
Total derivatives, subject to a master netting arrangement or similar arrangement785,650  —  785,650  452,562  215,587  117,501  
Derivatives not subject to a master netting arrangement or similar arrangement      
Embedded derivative - Modco reinsurance treaties31,926  —  31,926  —  —  31,926  
Embedded derivative - GLWB62,538  —  62,538  —  —  62,538  
Derivatives with PLC115,379  —  115,379  —  —  115,379  
Other—  —  —  —  —  —  
Total derivatives, not subject to a master netting arrangement or similar arrangement209,843  —  209,843  —  —  209,843  
Total derivatives995,493  —  995,493  452,562  215,587  327,344  
Total Assets$995,493  $—  $995,493  $452,562  $215,587  $327,344  
Gross
Amounts of
Recognized
Liabilities		Gross
Amounts
Offset in the
Balance Sheets		Net Amounts
of Liabilities
Presented in
the
Balance Sheets		Gross Amounts Not Offset
in the
Balance Sheets
Financial
Instruments		Collateral
Posted		Net Amount
 (Dollars In Thousands)
Offsetting of Liabilities      
Derivatives:      
Free-Standing derivatives$458,623  $—  $458,623  $452,562  $4,791  $1,270  
Total derivatives, subject to a master netting arrangement or similar arrangement458,623  —  458,623  452,562  4,791  1,270  
Derivatives not subject to a master netting arrangement or similar arrangement      
Embedded derivative - Modco reinsurance treaties231,516  —  231,516  —  —  231,516  
Funds withheld derivative70,583  —  70,583  —  —  70,583  
Embedded derivative - GLWB248,577  —  248,577  —  —  248,577  
Embedded derivative - FIA332,869  —  332,869  —  —  332,869  
Embedded derivative - IUL151,765  —  151,765  —  —  151,765  
Other53,245  —  53,245  —  —  53,245  
Total derivatives, not subject to a master netting arrangement or similar arrangement1,088,555  —  1,088,555  —  —  1,088,555  
Total derivatives1,547,178  —  1,547,178  452,562  4,791  1,089,825  
Repurchase agreements(1)
270,000  —  270,000  —  —  270,000  
Total Liabilities$1,817,178  $—  $1,817,178  $452,562  $4,791  $1,359,825  
(1) Borrowings under repurchase agreements are for a term less than 90 days.