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INVESTMENT OPERATIONS - Additional Information (Details)
1 Months Ended 11 Months Ended 12 Months Ended
Jan. 31, 2015
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2017
USD ($)
subsidiary
position
Dec. 31, 2016
USD ($)
subsidiary
Variable Interest Entities        
Trading securities     $ 2,725,694,000 $ 2,699,591,000
Gross unrealized losses, 12 Months or More     $ 602,685,000 1,196,195,000
Number of positions in unrealized loss position | position     1,845  
Available-for-sale securities, fair value     $ 39,819,928,000 36,570,665,000
Available-for-sale securities, amortized cost     39,783,880,000 38,233,986,000
Held-to-maturity securities, unrecognized holding gain     76,600,000  
Held-to-maturity securities, unrecognized holding losses     19,200,000  
Non-income producing securities     17,500,000  
Policy loans     $ 1,615,615,000 $ 1,650,240,000
Interest rate on collateral loans on life insurance policies     13.64%  
Number of wholly owned subsidiaries that were determined to be VIEs | subsidiary     2  
Red Mountain        
Variable Interest Entities        
Number of wholly owned subsidiaries that were determined to be VIEs | subsidiary       2
Ownership through an affiliate (as a percent)     100.00%  
Risk of loss related to the VIE limited to the entity's investment     $ 10,000  
Payments made     $ 0  
Steel City        
Variable Interest Entities        
Ownership through an affiliate (as a percent)     100.00%  
Risk of loss related to the VIE limited to the entity's investment     $ 10,000  
Payments made     0  
Fixed maturities        
Variable Interest Entities        
Trading securities     2,664,189,000 $ 2,639,860,000
Other-than-temporary impairments   $ 0 0 0
Available-for-sale securities, fair value     38,511,863,000 35,543,477,000
Available-for-sale securities, amortized cost     38,489,362,000 37,192,864,000
Held-to-maturity securities, accumulated unrecognized holding gain     76,586,000 30,385,000
Held-to-maturity securities, accumulated unrecognized holding loss     19,163,000 67,222,000
Fixed maturities | Predecessor        
Variable Interest Entities        
Other-than-temporary impairments $ 0      
Equity securities        
Variable Interest Entities        
Trading securities     5,244,000 7,083,000
Other-than-temporary impairments   $ 0 0 0
Gross unrealized losses, 12 Months or More     7,370,000 6,412,000
Available-for-sale securities, fair value     749,116,000 747,406,000
Available-for-sale securities, amortized cost     735,569,000 761,340,000
Equity securities | Predecessor        
Variable Interest Entities        
Other-than-temporary impairments $ 0      
Short-term investments        
Variable Interest Entities        
Trading securities     56,261,000 52,648,000
Available-for-sale securities, fair value     558,949,000 279,782,000
Available-for-sale securities, amortized cost     558,949,000 279,782,000
Residential mortgage-backed securities        
Variable Interest Entities        
Trading securities     259,694,000 255,027,000
Gross unrealized losses, 12 Months or More     13,362,000 4,117,000
Available-for-sale securities, fair value     2,327,212,000 1,898,483,000
Available-for-sale securities, amortized cost     2,330,832,000 1,913,413,000
Commercial mortgage-backed securities        
Variable Interest Entities        
Trading securities     146,804,000 149,683,000
Gross unrealized losses, 12 Months or More     21,594,000 4,013,000
Available-for-sale securities, fair value     1,889,822,000 1,811,470,000
Available-for-sale securities, amortized cost     1,914,998,000 1,850,620,000
Other asset-backed securities        
Variable Interest Entities        
Trading securities     138,097,000 200,084,000
Gross unrealized losses, 12 Months or More     $ 5,441,000 $ 11,407,000
Percentage of underlying collateral of student-loan backed auction rate securities guaranteed by the Federal Family Education Loan Program (at least)     97.00% 97.00%
Available-for-sale securities, fair value     $ 1,249,549,000 $ 1,211,533,000
Available-for-sale securities, amortized cost     1,234,376,000 1,210,490,000
Other government-related securities        
Variable Interest Entities        
Trading securities     63,925,000 63,012,000
Gross unrealized losses, 12 Months or More     4,778,000 11,890,000
Available-for-sale securities, fair value     287,282,000 239,921,000
Available-for-sale securities, amortized cost     282,767,000 253,182,000
States, municipals, and political subdivisions        
Variable Interest Entities        
Trading securities     326,925,000 316,519,000
Gross unrealized losses, 12 Months or More     43,874,000 41,749,000
Available-for-sale securities, fair value     1,741,645,000 1,656,503,000
Available-for-sale securities, amortized cost     1,770,299,000 1,760,837,000
Corporate securities        
Variable Interest Entities        
Trading securities     1,698,183,000 1,624,589,000
Gross unrealized losses, 12 Months or More     472,394,000 1,114,729,000
Available-for-sale securities, fair value     29,702,010,000 27,371,565,000
Available-for-sale securities, amortized cost     29,606,484,000 $ 28,801,768,000
Below investment grade        
Variable Interest Entities        
Trading securities     229,000,000  
Available-for-sale securities, fair value     1,900,000,000  
Available-for-sale securities, amortized cost     1,900,000,000  
Securities not publicly traded     $ 311,800,000  
Minimum        
Variable Interest Entities        
Interest rate on standard policy loans     3.00%  
Maximum        
Variable Interest Entities        
Interest rate on standard policy loans     8.00%