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FAIR VALUE OF FINANCIAL INSTRUMENTS - Estimated Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Assets:    
Mortgage loans on real estate $ 6,528,890 $ 6,132,125
Policy loans 1,625,960 1,650,240
Fixed maturities, held-to-maturity, Carrying Amount 2,730,995 2,770,177
Fixed maturities, held-to-maturity, Fair Values 2,796,603 2,733,340
Liabilities:    
Stable value product account balances 4,793,890 3,501,636
Annuity account balances 10,813,795 10,642,115
Other policyholders’ funds 1,265,500 1,165,749
Debt:    
Subordinated debt securities 495,255 441,202
Non-recourse funding obligations 2,759,640 2,796,474
Capital lease obligation 1,500  
Golden Gate V    
Debt:    
Non-recourse funding obligations 666,729 628,025
Fixed maturities    
Assets:    
Fixed maturities, held-to-maturity, Fair Values 2,796,603 2,733,340
Level 3 | Carrying Amounts    
Assets:    
Mortgage loans on real estate 6,528,890 6,132,125
Policy loans 1,625,960 1,650,240
Liabilities:    
Stable value product account balances 4,793,890 3,501,636
Annuity account balances 222,079 221,634
Other policyholders’ funds 132,565 135,367
Debt:    
Bank borrowings 170,000 170,000
Non-recourse funding obligations 2,759,640 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, Carrying Amount 2,730,995 2,770,177
Level 3 | Fair Values    
Assets:    
Mortgage loans on real estate 6,486,449 5,930,992
Policy loans 1,625,960 1,650,240
Liabilities:    
Stable value product account balances 4,816,919 3,488,877
Annuity account balances 222,079 221,658
Other policyholders’ funds 133,347 136,127
Debt:    
Bank borrowings 170,000 170,000
Non-recourse funding obligations 2,824,782 2,765,558
Level 3 | Fair Values | Golden Gate V    
Debt:    
Non-recourse funding obligations 2,700,000 2,700,000
Level 3 | Fair Values | Fixed maturities    
Assets:    
Fixed maturities, held-to-maturity, Fair Values 2,796,603 2,733,340
Level 2 | Carrying Amounts    
Debt:    
Senior Notes 950,505 993,285
Subordinated debt securities 495,255 441,202
Level 2 | Fair Values    
Debt:    
Senior Notes 936,497 937,074
Subordinated debt securities $ 496,065 $ 443,355