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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2018

Intangible assets recognized by the Company included the following (excluding goodwill):



	As of December 31,				Estimated
	2018		2017		Useful Life
	(Dollars In Thousands)				(In Years)
Distribution relationships	$	377,441	$	402,975	14-22
Trade names	78,629		85,340		13-17
Technology	93,433		107,343		7-14
Other	31,928		35,914
Total intangible assets subject to amortization	581,431		631,572

Insurance licenses	32,000		32,000		Indefinite
Total intangible assets	$	613,431	$	663,572

Intangible assets recognized by the Company included the following (excluding goodwill):



	As of December 31,				Estimated
	2018		2017		Useful Life
	(Dollars In Thousands)				(In Years)
Distribution relationships	$	377,441	$	402,975	14-22
Trade names	78,629		85,340		13-17
Technology	93,433		107,343		7-14
Other	31,928		35,914
Total intangible assets subject to amortization	581,431		631,572

Insurance licenses	32,000		32,000		Indefinite
Total intangible assets	$	613,431	$	663,572

The following is a schedule of future estimated aggregate amortization expense:

Property and equipment consisted of the following:



	As of December 31,
	2018			2017
	(Dollars In Thousands)
Home office building	$	144,669		$	68,123
Data processing equipment	28,793			24,102
Other, principally furniture and equipment	19,774			17,198
Total property and equipment subject to depreciation	193,236			109,423
Accumulated depreciation	(33,199		)	(22,926		)
Land	24,920			24,920
Total property and equipment	$	184,957		$	111,417

As of December 31, 2018, future maturities of stable value products were as follows:

Future policy benefit liabilities for the year indicated are as follows:



	As of December 31,
	2018		2017		2018		2017
	Total Policy Liabilities and Accruals				Reinsurance Receivable
	(Dollars In Thousands)				(Dollars In Thousands)
Life and annuity benefit reserves	$	40,883,229	$	29,972,938	$	3,582,850	$	3,898,079
Unpaid life claim liabilities	654,077		595,188		383,376		362,827
Life and annuity future policy benefits	41,537,306		30,568,126		3,966,226		4,260,906
Other policy benefits reserves	142,855		157,101		80,688		92,330
Other policy benefits unpaid claim liabilities	221,391		232,365		176,155		185,826
Future policy benefits and claims and associated reinsurance receivable	$	41,901,552	$	30,957,592	$	4,223,069	$	4,539,062
Unearned premiums	872,594		875,405		541,674		536,636
Total policy liabilities and accruals and associated reinsurance receivable	$	42,774,146	$	31,832,997	$	4,764,743	$	5,075,698

Future policy benefit liabilities for the year indicated are as follows:



	As of December 31,
	2018		2017		2018		2017
	Total Policy Liabilities and Accruals				Reinsurance Receivable
	(Dollars In Thousands)				(Dollars In Thousands)
Life and annuity benefit reserves	$	40,883,229	$	29,972,938	$	3,582,850	$	3,898,079
Unpaid life claim liabilities	654,077		595,188		383,376		362,827
Life and annuity future policy benefits	41,537,306		30,568,126		3,966,226		4,260,906
Other policy benefits reserves	142,855		157,101		80,688		92,330
Other policy benefits unpaid claim liabilities	221,391		232,365		176,155		185,826
Future policy benefits and claims and associated reinsurance receivable	$	41,901,552	$	30,957,592	$	4,223,069	$	4,539,062
Unearned premiums	872,594		875,405		541,674		536,636
Total policy liabilities and accruals and associated reinsurance receivable	$	42,774,146	$	31,832,997	$	4,764,743	$	5,075,698

The following table reflects the effect of reinsurance on life, accident/health, and property and liability insurance premiums written and earned:



	Gross Amount		Ceded to Other Companies			Assumed from Other Companies		Net Amount
	(Dollars In Thousands)
For The Year Ended
December 31, 2018:
Premiums and policy fees:
Life insurance	$	2,681,191	$	(1,173,194	)	$	626,283	$	2,134,280	⁽¹⁾
Accident/health insurance	47,028		(30,126		)	12,826		29,728
Property and liability insurance	308,634		(181,621		)	4,883		131,896
Total	$	3,036,853	$	(1,384,941	)	$	643,992	$	2,295,904
December 31, 2017:
Premiums and policy fees:
Life insurance	$	2,655,846	$	(1,151,175	)	$	435,113	$	1,939,784	⁽¹⁾
Accident/health insurance	51,991		(33,051		)	14,945		33,885
Property and liability insurance	309,848		(176,509		)	9,676		143,015
Total	$	3,017,685	$	(1,360,735	)	$	459,734	$	2,116,684

December 31, 2016:
Premiums and policy fees:
Life insurance	$	2,610,682	$	(1,126,915	)	$	454,999	$	1,938,766	⁽¹⁾
Accident/health insurance	58,076		(36,935		)	17,439		38,580
Property and liability insurance	261,009		(150,866		)	5,726		115,869
Total	$	2,929,767	$	(1,314,716	)	$	478,164	$	2,093,215


(1)	Includes annuity policy fees of $177.1 million, $173.5 million, and $160.4 million, for the years ended December 31, 2018, 2017, and 2016, respectively.

The pre-tax impact to each affected line item on the Company’s financial statements is reflected in the table below:



	As of December 31, 2018
	As Reported		Previous Accounting Method
	(Dollars In Millions)
Financial Statement Line Item:
Balance Sheet
Deferred policy acquisition costs and value of business acquired	$	3,023.2	$	2,881.6
Other liabilities	$	2,374.1	$	2,110.5



	For The Year Ended December 31, 2018
	As Reported		Previous Accounting Method
	(Dollars In Millions)
Financial Statement Line Item:
Statements of Income
Other income	$	453.7	$	454.4
Amortization of deferred policy acquisition costs and value of business acquired	$	225.8	$	177.0
Other operating expenses, net of reinsurance ceded	$	916.3	$	968.1