REINSURANCE (Tables)

12 Months Ended

Dec. 31, 2018

Reinsurance Disclosures [Abstract]

Schedule of net life insurance in-force

The following table presents the net life insurance in-force:

	As of December 31,
	2018			2017
	(Dollars In Thousands)
Direct life insurance in-force	$	765,986,223		$	751,512,468
Amounts assumed from other companies	135,407,408			110,205,190
Amounts ceded to other companies	(302,149,614		)	(328,377,398		)
Net life insurance in-force	$	599,244,017		$	533,340,260
Percentage of amount assumed to net	23		%	21		%

Schedule of effect of reinsurance on life insurance premiums written and earned

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.

Schedule of receivables attributable to more significant reinsurance partners

The following table sets forth the receivables attributable to our more significant reinsurance partners:

	As of December 31,
	2018			2017
	Reinsurance Receivable		A.M. Best Rating	Reinsurance Receivable		A.M. Best Rating
	(Dollars In Millions)
Security Life of Denver Insurance Company	$	722.2	A	$	740.8	A
Swiss Re Life & Health America, Inc.	603.8		A+	614.8		A+
Lincoln National Life Insurance Co.	461.1		A+	489.1		A+
SCOR Global Life(1)	317.2		A+	331.8		A+
Transamerica Life Insurance Co.	301.0		A+	335.6		A+
RGA Reinsurance Company	260.5		A+	278.3		A+
American United Life Insurance Company	242.8		A+	266.7		A+
Centre Reinsurance (Bermuda) Ltd	197.4		NR	212.2		NR
The Canada Life Assurance Company	188.2		A+	186.1		A+
Employers Reassurance Corporation	178.4		B+	193.9		A-

(1) Includes SCOR Global Life Americas Reinsurance Company, SCOR Global Life USA Reinsurance Co, and SCOR Global Life Reinsurance Co of Delaware