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FAIR VALUE OF FINANCIAL INSTRUMENTS - Estimated Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets:    
Commercial mortgage loans on real estate, net $ 9,545,793 $ 9,379,401
Policy loans 1,657,530 1,675,121
Fixed maturities, held-to-maturity 2,728,529 2,823,881
Other long-term investments 2,695,664 2,479,520
Liabilities:    
Stable value product account balances 5,984,036 5,443,752
Future policy benefits and claims 14,694,473 14,289,907
Other policyholders’ funds 1,691,472 1,576,856
Debt    
Non-recourse funding obligations 2,989,340 3,082,753
Capital lease obligations 800 1,000
Carrying Amounts    
Assets:    
Other long-term investments 1,300,000 1,300,000
Level 3 | Carrying Amounts    
Assets:    
Commercial mortgage loans on real estate, net 9,545,793 9,379,401
Policy loans 1,657,530 1,675,121
Other long-term investments 1,218,279 1,216,996
Liabilities:    
Stable value product account balances 5,984,036 5,443,752
Future policy benefits and claims 1,634,654 1,701,324
Other policyholders’ funds 101,558 127,084
Debt    
Non-recourse funding obligations 2,989,340 3,082,753
Subordinated funding obligations 110,000 110,000
Level 3 | Carrying Amounts | Golden Gate and Golden Gate V    
Debt    
Non-recourse funding obligations 2,700,000 2,800,000
Level 3 | Carrying Amounts | Fixed maturities    
Assets:    
Fixed maturities, held-to-maturity 2,728,529 2,823,881
Level 3 | Fair Values    
Assets:    
Commercial mortgage loans on real estate, net 10,055,284 9,584,487
Policy loans 1,657,530 1,675,121
Other long-term investments 1,278,991 1,246,889
Liabilities:    
Stable value product account balances 6,163,437 5,551,195
Future policy benefits and claims 1,646,695 1,705,235
Other policyholders’ funds 105,221 130,259
Debt    
Non-recourse funding obligations 3,164,771 3,298,580
Subordinated funding obligations 113,729 113,286
Level 3 | Fair Values | Golden Gate and Golden Gate V    
Debt    
Non-recourse funding obligations 2,900,000 3,000,000
Level 3 | Fair Values | Fixed maturities    
Assets:    
Fixed maturities, held-to-maturity $ 2,947,350 $ 3,025,790