CERTAIN NONTRADITIONAL LONG-DURATION CONTRACTS (Tables)

12 Months Ended

Dec. 31, 2018

CERTAIN NONTRADITIONAL LONG-DURATION CONTRACTS

Schedule of activity relating to GMDB reserves (excluding those 100% reinsured under the Modco agreement)

Activity relating to GMDB reserves (excluding those 100% reinsured under the Modco agreement) is as follows:

	For The Year Ended December 31,
	2018		2017		2016
	(Dollars In Thousands)
Beginning balance	$	34,083	$	34,796	$	36,427
Incurred guarantee benefits	13,619		902		678
Less: Paid guarantee benefits	3,381		1,615		2,309
Ending balance	$	44,321	$	34,083	$	34,796

Schedule of account balances of variable annuities with guarantees invested in VA separate accounts

Account balances of variable annuities with guarantees invested in VA separate accounts are as follows:

	As of December 31,
	2018		2017
	(Dollars In Thousands)
Equity mutual funds	$	5,300,024	$	8,914,637
Fixed income mutual funds	6,568,575		4,820,349
Total	$	11,868,599	$	13,734,986

Schedule of activity in the Company's deferred sales inducement asset

Activity in the Company’s deferred sales inducement asset was as follows:

	For The Year Ended December 31,
	2018			2017			2016
	(Dollars In Thousands)
Deferred asset, beginning of period	$	30,956		$	22,497		$	11,756
Amounts deferred	13,336			14,246			16,212
Amortization	(4,715		)	(5,787		)	(5,471		)
Deferred asset, end of period	$	39,577		$	30,956		$	22,497