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FAIR VALUE OF FINANCIAL INSTRUMENTS - Additional Information (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2017
USD ($)
quote
primary_source
Dec. 31, 2016
USD ($)
Mar. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Assets and liabilities measured at fair value on a recurring basis        
Number of primary sources of information used for determining fair value | primary_source 1      
Total number of primary sources of information available for determining fair value | primary_source 3      
Number of independent non-binding broker quotes obtained per security | quote 1      
Minimum percentage of the Company's fixed maturity securities priced by third party pricing services 91.00%      
Percentage of derivatives excluding embedded derivatives that were priced using exchange prices or independent broker quotations 100.00%      
Financial instruments with book value approximating fair value $ 65,900 $ 65,900    
Level 3        
Assets and liabilities measured at fair value on a recurring basis        
Level 3 fair value 673,489 659,459 $ 891,904 $ 678,068
Financial instruments that are valued using broker quotes 101,700 128,200    
Level 3 | Annuity account        
Assets and liabilities measured at fair value on a recurring basis        
Level 3 fair value 86,415 $ 87,616 $ 90,123 $ 92,512
Other asset-backed securities | Level 2        
Assets and liabilities measured at fair value on a recurring basis        
Fair Value 4,900,000      
Other asset-backed securities | Level 3        
Assets and liabilities measured at fair value on a recurring basis        
Fair Value $ 625,700      
Other asset-backed securities        
Assets and liabilities measured at fair value on a recurring basis        
Percentage of underlying collateral of student-loan backed auction rate securities guaranteed by the Federal Family Education Loan Program (FFELP), minimum 97.00% 97.00%    
Other asset-backed securities | Level 3        
Assets and liabilities measured at fair value on a recurring basis        
Fair Value $ 556,782 $ 553,308    
Percentage of underlying collateral of student-loan backed auction rate securities guaranteed by the Federal Family Education Loan Program (FFELP), minimum 97.00%      
Financial instruments that are valued using broker quotes $ 68,900 93,900    
Corporate Bonds And Securities | Level 2        
Assets and liabilities measured at fair value on a recurring basis        
Fair Value 31,200,000      
Corporate Bonds And Securities | Level 3        
Assets and liabilities measured at fair value on a recurring basis        
Fair Value 672,200      
Corporate securities | Level 3        
Assets and liabilities measured at fair value on a recurring basis        
Fair Value 639,904 638,279    
Financial instruments that are valued using broker quotes 32,300 31,300    
Equity securities        
Assets and liabilities measured at fair value on a recurring basis        
Fair Value 66,400      
Federal Home Loan Bank (FHLB) Stock 65,700      
Equity securities | Level 3        
Assets and liabilities measured at fair value on a recurring basis        
Financial instruments that are valued using broker quotes $ 400 $ 3,100    
Embedded derivative - GLWB        
Assets and liabilities measured at fair value on a recurring basis        
Discount rate curve, base rate LIBOR      
Embedded derivative - GLWB | Minimum        
Assets and liabilities measured at fair value on a recurring basis        
Mortality (as a percent) 91.10%      
Embedded derivative - GLWB | Maximum        
Assets and liabilities measured at fair value on a recurring basis        
Mortality (as a percent) 106.60%      
Embedded derivative - FIA        
Assets and liabilities measured at fair value on a recurring basis        
Discount rate curve, base rate LIBOR      
Embedded derivative - FIA | Minimum        
Assets and liabilities measured at fair value on a recurring basis        
Mortality (as a percent) 46.00%      
Embedded derivative - FIA | Maximum        
Assets and liabilities measured at fair value on a recurring basis        
Mortality (as a percent) 113.00%      
Embedded derivative - IUL        
Assets and liabilities measured at fair value on a recurring basis        
Discount rate curve, base rate LIBOR      
Embedded derivative - IUL | Minimum        
Assets and liabilities measured at fair value on a recurring basis        
Mortality (as a percent) 38.00%      
Embedded derivative - IUL | Maximum        
Assets and liabilities measured at fair value on a recurring basis        
Mortality (as a percent) 153.00%      
Embedded derivative - Modified coinsurance agreements        
Assets and liabilities measured at fair value on a recurring basis        
Statutory policy liabilities (net of policy loans) $ 2,400,000      
Available-for-sale securities | Other asset-backed securities | Level 3        
Assets and liabilities measured at fair value on a recurring basis        
Fair Value 556,900      
Trading securities | Other asset-backed securities | Level 3        
Assets and liabilities measured at fair value on a recurring basis        
Fair Value 68,800      
Trading securities | Embedded derivative - Modified coinsurance agreements        
Assets and liabilities measured at fair value on a recurring basis        
Fair Value $ 158,200