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INVESTMENT OPERATIONS - Schedule of Amortized Cost and Fair Value of the Company's Investments Classified as Available-for-Sale (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Investments classified as available-for-sale    
Amortized Cost $ 39,783,880 $ 38,233,986
Gross Unrealized Gains 718,229 199,654
Gross Unrealized Losses (682,181) (1,862,975)
Fair Value 39,819,928 36,570,665
Total OTTI Recognized in OCI (28) (11,039)
Fixed maturities    
Investments classified as available-for-sale    
Amortized Cost 38,489,362 37,192,864
Gross Unrealized Gains 695,911 191,903
Gross Unrealized Losses (673,410) (1,841,290)
Fair Value 38,511,863 35,543,477
Total OTTI Recognized in OCI (28) (11,039)
Residential mortgage-backed securities    
Investments classified as available-for-sale    
Amortized Cost 2,330,832 1,913,413
Gross Unrealized Gains 19,413 10,737
Gross Unrealized Losses (23,033) (25,667)
Fair Value 2,327,212 1,898,483
Total OTTI Recognized in OCI 10 (9)
Commercial mortgage-backed securities    
Investments classified as available-for-sale    
Amortized Cost 1,914,998 1,850,620
Gross Unrealized Gains 5,010 2,528
Gross Unrealized Losses (30,186) (41,678)
Fair Value 1,889,822 1,811,470
Other asset-backed securities    
Investments classified as available-for-sale    
Amortized Cost 1,234,376 1,210,490
Gross Unrealized Gains 20,936 21,741
Gross Unrealized Losses (5,763) (20,698)
Fair Value 1,249,549 1,211,533
U.S. government-related securities    
Investments classified as available-for-sale    
Amortized Cost 1,255,244 1,308,192
Gross Unrealized Gains 185 422
Gross Unrealized Losses (32,177) (40,455)
Fair Value 1,223,252 1,268,159
Other government-related securities    
Investments classified as available-for-sale    
Amortized Cost 282,767 253,182
Gross Unrealized Gains 9,463 1,536
Gross Unrealized Losses (4,948) (14,797)
Fair Value 287,282 239,921
States, municipals, and political subdivisions    
Investments classified as available-for-sale    
Amortized Cost 1,770,299 1,760,837
Gross Unrealized Gains 16,959 1,224
Gross Unrealized Losses (45,613) (105,558)
Fair Value 1,741,645 1,656,503
Total OTTI Recognized in OCI (37)  
Corporate securities    
Investments classified as available-for-sale    
Amortized Cost 29,606,484 28,801,768
Gross Unrealized Gains 623,713 153,715
Gross Unrealized Losses (528,187) (1,583,918)
Fair Value 29,702,010 27,371,565
Total OTTI Recognized in OCI (1) (11,030)
Redeemable preferred stock    
Investments classified as available-for-sale    
Amortized Cost 94,362 94,362
Gross Unrealized Gains 232 0
Gross Unrealized Losses (3,503) (8,519)
Fair Value 91,091 85,843
Equity securities    
Investments classified as available-for-sale    
Amortized Cost 735,569 761,340
Gross Unrealized Gains 22,318 7,751
Gross Unrealized Losses (8,771) (21,685)
Fair Value 749,116 747,406
Short-term investments    
Investments classified as available-for-sale    
Amortized Cost 558,949 279,782
Fair Value $ 558,949 $ 279,782