ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

9 Months Ended

Sep. 30, 2017

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Summary of changes in the accumulated balances for each component of AOCI

The following tables summarize the changes in the accumulated balances for each component of accumulated other comprehensive income (loss) (“AOCI”) as of September 30, 2017 and December 31, 2016.

Changes in Accumulated Other Comprehensive Income (Loss) by Component



	Unrealized Gains and Losses on Investments⁽²⁾			Accumulated Gain and Loss Derivatives		Minimum Pension Liability Adjustment		Total Accumulated Other Comprehensive Income (Loss)
	(Dollars In Thousands, Net of Tax)
Beginning Balance, December 31, 2016	$	(656,322	)	$	727	$	1,072	$	(654,523	)
Other comprehensive income (loss) before reclassifications	549,234			36		—		549,270
Other comprehensive income (loss) relating to other-than-temporary impaired investments for which a portion has been recognized in earnings	1,174			—		—		1,174
Amounts reclassified from accumulated other comprehensive income (loss)⁽¹⁾	7,125			257		—		7,382
Net current-period other comprehensive income (loss)	557,533			293		—		557,826
Ending Balance, September 30, 2017	$	(98,789	)	$	1,020	$	1,072	$	(96,697	)

(1) See Reclassification table below for details.
(2) As of September 30, 2017, net unrealized losses reported in AOCI were offset by $93.6 million due to the impact those net unrealized losses would have had on certain of the Company’s insurance assets and liabilities if the net unrealized losses had been recognized in net income.

Changes in Accumulated Other Comprehensive Income (Loss) by Component



	Unrealized Gains and Losses on Investments⁽²⁾			Accumulated Gain and Loss Derivatives		Minimum Pension Liability Adjustment			Total Accumulated Other Comprehensive Income (Loss)
	(Dollars In Thousands, Net of Tax)
Beginning Balance, December 31, 2015	$	(1,247,065	)	$	—	$	5,931		$	(1,241,134	)
Other comprehensive income (loss) before reclassifications	606,985			688		(5,659		)	602,014
Other comprehensive income (loss) relating to other-than-temporary impaired investments for which a portion has been recognized in earnings	(6,782		)	—		—			(6,782		)
Amounts reclassified from accumulated other comprehensive income (loss)⁽¹⁾	(9,460		)	39		800			(8,621		)
Net current-period other comprehensive income (loss)	590,743			727		(4,859		)	586,611
Ending Balance, December 31, 2016	$	(656,322	)	$	727	$	1,072		$	(654,523	)

(1) See Reclassification table below for details.
(2) As of December 31, 2015 and December 31, 2016, net unrealized losses reported in AOCI were offset by $623.0 million and $424.1 million, respectively, due to the impact those net unrealized losses would have had on certain of the Company’s insurance assets and liabilities if the net unrealized losses had been recognized in net income.

Schedule of reclassifications amounts out of AOCI

The following tables summarize the reclassifications amounts out of AOCI for the three and nine months ended September 30, 2017 and 2016.

Reclassifications Out of Accumulated Other Comprehensive Income (Loss)



	Amount Reclassified from Accumulated
	Other Comprehensive			Affected Line Item in the
For The Three Months Ended September 30, 2017	Income (Loss)			Consolidated Condensed Statements of Income
	(Dollars In Thousands)
Gains and losses on derivative instruments
Net settlement (expense)/benefit⁽¹⁾	$	(38	)	Benefits and settlement expenses, net of reinsurance ceded
	(38		)	Total before tax
	14			Tax (expense) or benefit
	$	(24	)	Net of tax
Unrealized gains and losses on available-for-sale securities
Net investment gains (losses)	$	690		Realized investment gains (losses): All other investments
Impairments recognized in earnings	(273		)	Net impairment losses recognized in earnings
	417			Total before tax
	(146		)	Tax (expense) or benefit
	$	271		Net of tax
(1) See Note 6, Derivative Financial Instruments for additional information

Reclassifications Out of Accumulated Other Comprehensive Income (Loss)



	Amount Reclassified from Accumulated
	Other Comprehensive			Affected Line Item in the
For The Nine Months Ended September 30, 2017	Income (Loss)			Consolidated Condensed Statements of Income
	(Dollars In Thousands)
Gains and losses on derivative instruments
Net settlement (expense)/benefit⁽¹⁾	$	(396	)	Benefits and settlement expenses, net of reinsurance ceded
	(396		)	Total before tax
	139			Tax (expense) or benefit
	$	(257	)	Net of tax
Unrealized gains and losses on available-for-sale securities
Net investment gains (losses)	$	9,084		Realized investment gains (losses): All other investments
Impairments recognized in earnings	(10,889		)	Net impairment losses recognized in earnings
	(1,805		)	Total before tax
	631			Tax (expense) or benefit
	$	(1,174	)	Net of tax
(1) See Note 6, Derivative Financial Instruments for additional information

Reclassifications Out of Accumulated Other Comprehensive Income (Loss)



	Amount Reclassified from Accumulated
	Other Comprehensive			Affected Line Item in the
For The Three Months Ended September 30, 2016	Income (Loss)			Consolidated Condensed Statements of Income
	(Dollars In Thousands)
Unrealized gains and losses on available-for-sale securities
Net investment gains (losses)	$	1,665		Realized investment gains (losses): All other investments
Impairments recognized in earnings	(3,308		)	Net impairment losses recognized in earnings
	(1,643		)	Total before tax
	575			Tax (expense) or benefit
	$	(1,068	)	Net of tax

Postretirement benefits liability adjustment
Amortization of net actuarial gain/(loss)	$	(29	)	Other operating expenses
Amortization of prior service credit/(cost)	—			Other operating expenses
Amortization of transition asset/(obligation)	—			Other operating expenses
	(29		)	Total before tax
	10			Tax (expense) or benefit
	$	(19	)	Net of tax

Reclassifications Out of Accumulated Other Comprehensive Income (Loss)



	Amount Reclassified from Accumulated
	Other Comprehensive			Affected Line Item in the
For The Nine Months Ended September 30, 2016	Income (Loss)			Consolidated Condensed Statements of Income
	(Dollars In Thousands)
Unrealized gains and losses on available-for-sale securities
Net investment gains (losses)	$	24,152		Realized investment gains (losses): All other investments
Impairments recognized in earnings	(6,892		)	Net impairment losses recognized in earnings
	17,260			Total before tax
	(6,041		)	Tax (expense) or benefit
	$	11,219		Net of tax

Postretirement benefits liability adjustment
Amortization of net actuarial gain/(loss)	$	(29	)	Other operating expenses
Amortization of prior service credit/(cost)	—			Other operating expenses
Amortization of transition asset/(obligation)	—			Other operating expenses
	(29		)	Total before tax
	10			Tax (expense) or benefit
	$	(19	)	Net of tax