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OFFSETTING OF ASSETS AND LIABILITIES (Tables)
9 Months Ended
Sep. 30, 2017
Offsetting [Abstract]  
Schedule of Derivative Instruments by Assets
 
Gross
Amounts of
Recognized
Assets
 
Gross
Amounts
Offset in the
Statement of
Financial
Position
 
Net Amounts
of Assets
Presented in
the
Statement of
Financial
Position
 
Gross Amounts Not Offset
in the Statement of
Financial Position
 
 
 
 
 
 
Financial
Instruments
 
Collateral Received
 
Net Amount
 
(Dollars In Thousands)
Offsetting of Assets
 

 
 

 
 

 
 

 
 

 
 

Derivatives:
 

 
 

 
 

 
 

 
 

 
 

Free-Standing derivatives
$
441,393

 
$

 
$
441,393

 
$
211,435

 
$
102,913

 
$
127,045

Total derivatives, subject to a master netting arrangement or similar arrangement
441,393

 

 
441,393

 
211,435

 
102,913

 
127,045

Derivatives not subject to a master netting arrangement or similar arrangement
 

 
 

 
 

 
 

 
 

 
 

Embedded derivative - Modco reinsurance treaties
1,008

 

 
1,008

 

 

 
1,008

Embedded derivative - GLWB
129,344

 

 
129,344

 

 

 
129,344

Other
191

 

 
191

 

 

 
191

Total derivatives, not subject to a master netting arrangement or similar arrangement
130,543

 

 
130,543

 

 

 
130,543

Total derivatives
571,936

 

 
571,936

 
211,435

 
102,913

 
257,588

Total Assets
$
571,936

 
$

 
$
571,936

 
$
211,435

 
$
102,913

 
$
257,588

 
Gross
Amounts of
Recognized
Assets
 
Gross
Amounts
Offset in the
Statement of
Financial
Position
 
Net Amounts
of Assets
Presented in
the
Statement of
Financial
Position
 
Gross Amounts Not Offset
in the Statement of
Financial Position
 
 
 
 
 
 
Financial
Instruments
 
Collateral
Received
 
Net Amount
 
(Dollars In Thousands)
Offsetting of Assets
 

 
 

 
 

 
 

 
 

 
 

Derivatives:
 

 
 

 
 

 
 

 
 

 
 

Free-Standing derivatives
$
417,769

 
$

 
$
417,769

 
$
171,384

 
$
100,890

 
$
145,495

Total derivatives, subject to a master netting arrangement or similar arrangement
417,769

 

 
417,769

 
171,384

 
100,890

 
145,495

Derivatives not subject to a master netting arrangement or similar arrangement
 

 
 

 
 

 
 

 
 

 
 

Embedded derivative - Modco reinsurance treaties
2,573

 

 
2,573

 

 

 
2,573

Embedded derivative - GLWB
121,752

 

 
121,752

 

 

 
121,752

Other
149

 

 
149

 

 

 
149

Total derivatives, not subject to a master netting arrangement or similar arrangement
124,474

 

 
124,474

 

 

 
124,474

Total derivatives
542,243

 

 
542,243

 
171,384

 
100,890

 
269,969

Total Assets
$
542,243

 
$

 
$
542,243

 
$
171,384

 
$
100,890

 
$
269,969

Schedule of Derivative Instruments by Liabilities
 
Gross
Amounts of
Recognized
Liabilities
 
Gross
Amounts
Offset in the
Statement of
Financial
Position
 
Net Amounts
of Liabilities
Presented in
the
Statement of
Financial
Position
 
Gross Amounts Not Offset
in the Statement of
Financial Position
 
 
 
 
 
 
Financial
Instruments
 
Collateral
Posted
 
Net Amount
 
(Dollars In Thousands)
Offsetting of Liabilities
 

 
 

 
 

 
 

 
 

 
 

Derivatives:
 

 
 

 
 

 
 

 
 

 
 

Free-Standing derivatives
$
176,979

 
$

 
$
176,979

 
$
171,384

 
$
5,595

 
$

Total derivatives, subject to a master netting arrangement or similar arrangement
176,979

 

 
176,979

 
171,384

 
5,595

 

Derivatives not subject to a master netting arrangement or similar arrangement
 

 
 

 
 

 
 

 
 

 
 

Embedded derivative - Modco reinsurance treaties
141,301

 

 
141,301

 

 

 
141,301

Embedded derivative - GLWB
237,122

 

 
237,122

 

 

 
237,122

Embedded derivative - FIA
147,368

 

 
147,368

 

 

 
147,368

Embedded derivative - IUL
46,051

 

 
46,051

 

 

 
46,051

Total derivatives, not subject to a master netting arrangement or similar arrangement
571,842

 

 
571,842

 

 

 
571,842

Total derivatives
748,821

 

 
748,821

 
171,384

 
5,595

 
571,842

Repurchase agreements(1)
797,721

 

 
797,721

 

 

 
797,721

Total Liabilities
$
1,546,542

 
$

 
$
1,546,542

 
$
171,384

 
$
5,595

 
$
1,369,563

 
 
 
 
 
 
 
 
 
 
 
 
(1) Borrowings under repurchase agreements are for a term less than 90 days.
 
Gross
Amounts of
Recognized
Liabilities
 
Gross
Amounts
Offset in the
Statement of
Financial
Position
 
Net Amounts
of Liabilities
Presented in
the
Statement of
Financial
Position
 
Gross Amounts Not Offset
in the Statement of
Financial Position
 
 
 
 
 
 
Financial
Instruments
 
Collateral Posted
 
Net Amount
 
(Dollars In Thousands)
Offsetting of Liabilities
 

 
 

 
 

 
 

 
 

 
 

Derivatives:
 

 
 

 
 

 
 

 
 

 
 

Free-Standing derivatives
$
230,082

 
$

 
$
230,082

 
$
211,435

 
$
18,647

 
$

Total derivatives, subject to a master netting arrangement or similar arrangement
230,082

 

 
230,082

 
211,435

 
18,647

 

Derivatives not subject to a master netting arrangement or similar arrangement
 

 
 

 
 

 
 

 
 

 
 

Embedded derivative - Modco reinsurance treaties
209,334

 

 
209,334

 

 

 
209,334

Embedded derivative - GLWB
260,620

 

 
260,620

 

 

 
260,620

Embedded derivative - FIA
197,378

 

 
197,378

 

 

 
197,378

Embedded derivative - IUL
69,081

 

 
69,081

 

 

 
69,081

Total derivatives, not subject to a master netting arrangement or similar arrangement
736,413

 

 
736,413

 

 

 
736,413

Total derivatives
966,495

 

 
966,495

 
211,435

 
18,647

 
736,413

Repurchase agreements(1)
493,785

 

 
493,785

 

 

 
493,785

Total Liabilities
$
1,460,280

 
$

 
$
1,460,280

 
$
211,435

 
$
18,647

 
$
1,230,198

 
 
 
 
 
 
 
 
 
 
 
 
(1) Borrowings under repurchase agreements are for a term less than 90 days.