XML 75 R63.htm IDEA: XBRL DOCUMENT v3.10.0.1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Valuation of Level 3 Financial Instruments (Details) - USD ($)
6 Months Ended 12 Months Ended
Jun. 30, 2018
Dec. 31, 2017
Liabilities:    
Fair Value $ 759,264,000 $ 1,007,572,000
Embedded derivative - GLWB | Minimum    
Unobservable input    
Mortality (as a percent) 91.10%  
Embedded derivative - GLWB | Maximum    
Unobservable input    
Mortality (as a percent) 106.60%  
Embedded derivative - FIA | Minimum    
Unobservable input    
Mortality (as a percent) 46.00%  
Embedded derivative - FIA | Maximum    
Unobservable input    
Mortality (as a percent) 113.00%  
Embedded derivative - IUL | Minimum    
Unobservable input    
Mortality (as a percent) 34.00%  
Embedded derivative - IUL | Maximum    
Unobservable input    
Mortality (as a percent) 152.00%  
Level 3 | Other asset-backed securities    
Assets:    
Fair value $ 515,379,000 504,228,000
Level 3 | Corporate securities    
Assets:    
Fair value 637,479,000 617,770,000
Level 3 | Embedded derivative - GLWB    
Liabilities:    
Fair Value 19,913,000 111,760,000
Level 3 | Embedded derivative - FIA    
Liabilities:    
Fair Value 238,569,000 218,676,000
Level 3 | Embedded derivative - IUL    
Liabilities:    
Fair Value 83,166,000 80,212,000
Level 3 | Liquidation Technique | Other asset-backed securities | Minimum    
Unobservable input    
Liquidation value 90 90
Level 3 | Liquidation Technique | Other asset-backed securities | Maximum    
Unobservable input    
Liquidation value 97 97
Level 3 | Liquidation Technique | Other asset-backed securities | Weighted average    
Unobservable input    
Liquidation value $ 94.91 $ 94.91
Level 3 | Discounted cash flow | Other asset-backed securities | Minimum    
Unobservable input    
Liquidity premium (as a percent) 0.06% 0.06%
Paydown rate (as a percent) 11.18% 11.31%
Level 3 | Discounted cash flow | Other asset-backed securities | Maximum    
Unobservable input    
Liquidity premium (as a percent) 0.90% 1.17%
Paydown rate (as a percent) 12.98% 11.97%
Level 3 | Discounted cash flow | Other asset-backed securities | Weighted average    
Unobservable input    
Liquidity premium (as a percent) 0.38% 0.75%
Paydown rate (as a percent) 12.30% 11.54%
Level 3 | Discounted cash flow | Corporate securities | Minimum    
Unobservable input    
Spread over treasury (as a percent) 0.83% 0.81%
Level 3 | Discounted cash flow | Corporate securities | Maximum    
Unobservable input    
Spread over treasury (as a percent) 2.78% 3.95%
Level 3 | Discounted cash flow | Corporate securities | Weighted average    
Unobservable input    
Spread over treasury (as a percent) 1.53% 1.06%
Level 3 | Actuarial cash flow model | Embedded derivative - GLWB    
Unobservable input    
Utilization (as a percent) 99.00% 99.00%
Policies that have a one-time over-utilization rate of a specified amount (as a percent) 10.00% 10.00%
Specified level of one-time over-utilization (as a percent) 400.00% 400.00%
Level 3 | Actuarial cash flow model | Embedded derivative - GLWB | Minimum    
Unobservable input    
Mortality (as a percent) 91.10% 91.10%
Lapse rate (as a percent)   1.00%
Nonperformance risk (as a percent) 0.13% 0.11%
Level 3 | Actuarial cash flow model | Embedded derivative - GLWB | Maximum    
Unobservable input    
Mortality (as a percent) 106.60% 106.60%
Lapse rate (as a percent)   30.00%
Nonperformance risk (as a percent) 0.93% 0.79%
Level 3 | Actuarial cash flow model | Embedded derivative - FIA    
Unobservable input    
Expenses per policy $ 146 $ 146
Withdrawal rate prior to age 70 (as a percent) 1.50% 1.50%
Withdrawal rate for ages 70 or more (as a percent) 100.00% 100.00%
Level 3 | Actuarial cash flow model | Embedded derivative - FIA | Minimum    
Unobservable input    
Lapse rate (as a percent) 1.00% 1.00%
Nonperformance risk (as a percent) 0.13% 0.11%
Level 3 | Actuarial cash flow model | Embedded derivative - FIA | Maximum    
Unobservable input    
Lapse rate (as a percent) 30.00% 30.00%
Nonperformance risk (as a percent) 0.93% 0.79%
Level 3 | Actuarial cash flow model | Embedded derivative - IUL | Minimum    
Unobservable input    
Mortality (as a percent) 34.00% 34.00%
Lapse rate (as a percent) 0.50% 0.50%
Nonperformance risk (as a percent) 0.13% 0.11%
Level 3 | Actuarial cash flow model | Embedded derivative - IUL | Maximum    
Unobservable input    
Mortality (as a percent) 152.00% 152.00%
Lapse rate (as a percent) 10.00% 10.00%
Nonperformance risk (as a percent) 0.93% 0.79%