Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of the derivatives not designated as hedges

The following is a summary of the asset derivatives not designated as hedges and embedded derivatives in our FIA product as of March 31, 2020 and December 31, 2019: 

		March 31, 2020					December 31, 2019
	Location in the
Derivatives Not Designated	Consolidated Statement	Notional		Number of	Estimated		Notional		Number of	Estimated
as Hedging Instruments	of Balance Sheets	Amount		Contracts	Fair Value		Amount		Contracts	Fair Value
Equity-indexed options	Derivatives	$	24,097,066	54	$	463,330	$	9,698,863	24	$	575,294
Equity-indexed embedded derivative	Deposit-type contracts		24,374,089	243		561,759		10,720,324	108		576,634

Summary of embedded derivatives related to the funds withheld provision

	March 31, 2020
	Book Value of			Market Value of		Total Return
Portfolio	Assets			Assets		Swap Value
Ironbound	$	97,863,315	$	78,198,346	$	19,664,969
SDA		17,756,548		14,182,598		3,573,950
Total	$	115,619,863	$	92,380,944	$	23,238,919