OFFSETTING OF ASSETS AND LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2018

Offsetting [Abstract]

Schedule of Derivative Instruments by Assets

The tables below present the derivative instruments by assets and liabilities for the Company as of December 31, 2017: 

	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	$	468,871	$	—	$	468,871	$	242,105	$	108,830	$	117,936
Total derivatives, subject to a master netting arrangement or similar arrangement	468,871		—		468,871		242,105		108,830		117,936
Derivatives not subject to a master netting arrangement or similar arrangement
Embedded derivative - Modco reinsurance treaties	1,009		—		1,009		—		—		1,009
Embedded derivative - GLWB	134,995		—		134,995		—		—		134,995
Other	200		—		200		—		—		200
Total derivatives, not subject to a master netting arrangement or similar arrangement	136,204		—		136,204		—		—		136,204
Total derivatives	605,075		—		605,075		242,105		108,830		254,140
Total Assets	$	605,075	$	—	$	605,075	$	242,105	$	108,830	$	254,140

	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	$	379,860	$	—	$	379,860	$	182,942	$	74,202	$	122,716
Total derivatives, subject to a master netting arrangement or similar arrangement	379,860		—		379,860		182,942		74,202		122,716
Derivatives not subject to a master netting arrangement or similar arrangement
Embedded derivative - Modco reinsurance treaties	1,551		—		1,551		—		—		1,551
Embedded derivative - GLWB	155,123		—		155,123		—		—		155,123
Other	193		—		193		—		—		193
Total derivatives, not subject to a master netting arrangement or similar arrangement	156,867		—		156,867		—		—		156,867
Total derivatives	536,727		—		536,727		182,942		74,202		279,583
Total Assets	$	536,727	$	—	$	536,727	$	182,942	$	74,202	$	279,583

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	$	246,682	$	—	$	246,682	$	242,105	$	4,577	$	—
Total derivatives, subject to a master netting arrangement or similar arrangement	246,682		—		246,682		242,105		4,577		—
Derivatives not subject to a master netting arrangement or similar arrangement
Embedded derivative - Modco reinsurance treaties	215,247		—		215,247		—		—		215,247
Embedded derivative - GLWB	246,755		—		246,755		—		—		246,755
Embedded derivative - FIA	218,676		—		218,676		—		—		218,676
Embedded derivative - IUL	80,212		—		80,212		—		—		80,212
Total derivatives, not subject to a master netting arrangement or similar arrangement	760,890		—		760,890		—		—		760,890
Total derivatives	1,007,572		—		1,007,572		242,105		4,577		760,890
Repurchase agreements(1)	885,000		—		885,000		—		—		885,000
Total Liabilities	$	1,892,572	$	—	$	1,892,572	$	242,105	$	4,577	$	1,645,890
(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	$	186,348	$	—	$	186,348	$	182,942	$	3,406	$	—
Total derivatives, subject to a master netting arrangement or similar arrangement	186,348		—		186,348		182,942		3,406		—
Derivatives not subject to a master netting arrangement or similar arrangement
Embedded derivative - Modco reinsurance treaties	76,145		—		76,145		—		—		76,145
Embedded derivative - GLWB	175,036		—		175,036		—		—		175,036
Embedded derivative - FIA	238,569		—		238,569		—		—		238,569
Embedded derivative - IUL	83,166		—		83,166		—		—		83,166
Total derivatives, not subject to a master netting arrangement or similar arrangement	572,916		—		572,916		—		—		572,916
Total derivatives	759,264		—		759,264		182,942		3,406		572,916
Repurchase agreements(1)	39,322		—		39,322		—		—		39,322
Total Liabilities	$	798,586	$	—	$	798,586	$	182,942	$	3,406	$	612,238
(1) Borrowings under repurchase agreements are for a term less than 90 days.