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FAIR VALUE OF FINANCIAL INSTRUMENTS - Estimated Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Assets:    
Mortgage loans on real estate $ 6,472,861 $ 6,132,125
Policy loans 1,634,809 1,650,240
Fixed maturities, held-to-maturity 2,747,077 2,770,177
Fair Value 2,805,107 2,733,340
Liabilities:    
Stable value product account balances 4,023,790 3,501,636
Annuity account balances 10,770,111 10,642,115
Other policyholders’ funds 1,267,352 1,165,749
Debt:    
Subordinated debt securities 437,804 441,202
Non-recourse funding obligations 2,774,744 2,796,474
Capital lease obligation 900  
Golden Gate V    
Debt:    
Non-recourse funding obligations 657,166 628,025
Fixed maturities    
Assets:    
Fair Value 2,805,107 2,733,340
Level 3 | Carrying Amounts    
Assets:    
Mortgage loans on real estate 6,472,861 6,132,125
Policy loans 1,634,809 1,650,240
Liabilities:    
Stable value product account balances 4,023,790 3,501,636
Annuity account balances 220,616 221,634
Other policyholders’ funds 133,878 135,367
Debt:    
Bank borrowings 205,000 170,000
Non-recourse funding obligations 2,774,744 2,796,474
Level 3 | Carrying Amounts | Golden Gate V    
Debt:    
Non-recourse funding obligations 2,700,000 2,700,000
Level 3 | Carrying Amounts | Fixed maturities    
Assets:    
Fixed maturities, held-to-maturity 2,747,077 2,770,177
Level 3 | Fair Values    
Assets:    
Mortgage loans on real estate 6,424,394 5,930,992
Policy loans 1,634,809 1,650,240
Liabilities:    
Stable value product account balances 4,022,120 3,488,877
Annuity account balances 220,616 221,658
Other policyholders’ funds 134,633 136,127
Debt:    
Bank borrowings 205,000 170,000
Non-recourse funding obligations 2,833,271 2,765,558
Level 3 | Fair Values | Golden Gate V    
Debt:    
Non-recourse funding obligations 2,800,000 2,700,000
Level 3 | Fair Values | Fixed maturities    
Assets:    
Fair Value 2,805,107 2,733,340
Level 2 | Carrying Amounts    
Debt:    
Senior Notes 957,594 993,285
Subordinated debt securities 437,804 441,202
Level 2 | Fair Values    
Debt:    
Senior Notes 944,253 937,074
Subordinated debt securities $ 445,122 $ 443,355