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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 12 Months Ended
Dec. 31, 2018
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Summary of the changes in the accumulated balances for each component of AOCI
The following tables summarize the changes in the accumulated balances for each component of AOCI as of December 31, 2018, December 31, 2017, and December 31, 2016.
Changes in Accumulated Other Comprehensive Income (Loss) by Component
 
Unrealized
Gains and Losses
on Investments(2)
 
Accumulated
Gain and Loss
on Derivatives
 
Minimum
Pension
Benefits
Liability
Adjustment
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(Dollars In Thousands, Net of Tax)
Balance, December 31, 2015
$
(1,247,065
)
 
$
—

 
$
5,931

 
$
(1,241,134
)
Other comprehensive income (loss) before reclassifications
602,211

 
688

 
(5,659
)
 
597,240

Other comprehensive income (loss) relating to other-than-temporary impaired investments for which a portion has been recognized in earnings
(2,008
)
 
—

 
—

 
(2,008
)
Amounts reclassified from accumulated other comprehensive income (loss)(1)
(9,460
)
 
39

 
800

 
(8,621
)
Balance, December 31, 2016
$
(656,322
)
 
$
727

 
$
1,072

 
$
(654,523
)
Other comprehensive income (loss) before reclassifications
707,298

 
(563
)
 
(15,726
)
 
691,009

Other comprehensive income (loss) relating to other-than-temporary impaired investments for which a portion has been recognized in earnings
391

 
—

 
—

 
391

Amounts reclassified from accumulated other comprehensive income (loss)(1)
642

 
451

 
501

 
1,594

Cumulative effect adjustments
(26,135
)
 
132

 
228

 
(25,775
)
Balance, December 31, 2017
$
25,874

 
$
747

 
$
(13,925
)
 
$
12,696

Other comprehensive income (loss) before reclassifications
(1,420,499
)
 
(1,884
)
 
(3,546
)
 
(1,425,929
)
Other comprehensive income (loss) relating to other-than-temporary impaired investments for which a portion has been recognized in earnings
(20,751
)
 
—

 
—

 
(20,751
)
Amounts reclassified from accumulated other comprehensive income (loss)(1)
15,651

 
1,130

 
1,989

 
18,770

Cumulative effect adjustments
(10,552
)
 
—

 
—

 
(10,552
)
Balance, December 31, 2018
$
(1,410,277
)
 
$
(7
)
 
$
(15,482
)
 
$
(1,425,766
)
(1)
See Reclassification table below for details.
(2)
As of December 31, 2015, 2016, 2017 and 2018, net unrealized losses reported in AOCI were offset by $623.0 million, $424.1 million, $(6.3) million and $613.4 million, respectively, due to the impact those net unrealized losses would have had on certain of the Company’s insurance assets and liabilities if the net unrealized losses had been recognized in net income.
Summary of the reclassifications amounts out of AOCI
The following tables summarize the reclassifications amounts out of AOCI for the years ended December 31, 2018, 2017, and 2016.
Gains/(losses) in net income:
 
Affected Line Item in the Consolidated
Statements of Income
 
For The Year Ended December 31,
 
 
 
 
2018
 
2017
 
2016
 
 
 
 
(Dollars In Thousands)
Derivative instruments
 
Benefits and settlement expenses, net of reinsurance ceded(1)
 
$
(1,431
)
 
$
(694
)
 
$
(60
)
 
 
Tax (expense) benefit
 
301

 
243

 
21

 
 
 
 
$
(1,130
)
 
$
(451
)
 
$
(39
)
 
 
 
 
 
 
 
 
 
Unrealized gains and losses on available-for-sale securities
 
Realized investment gains (losses): All other investments
 
$
9,912

 
$
10,611

 
$
32,302

 
 
Net impairment losses recognized in earnings
 
(29,724
)
 
(11,742
)
 
(17,748
)
 
 
Tax (expense) or benefit
 
4,161

 
489

 
(5,094
)
 
 
 
 
$
(15,651
)
 
$
(642
)
 
$
9,460

 
 
 
 
 
 
 
 
 
Pension benefits liability adjustment
 
Other operating expenses:
 
 
 
 
 
 
 
 
Amortization of net actuarial gain/(loss)
 
$
(2,518
)
 
$
(634
)
 
$
(1,231
)
 
 
Tax (expense) or benefit
 
529

 
133

 
431

 
 
 
 
$
(1,989
)
 
$
(501
)
 
$
(800
)
 
 
 
 
 
 
 
 
 
(1) See Note 7, Derivative Financial Instruments for additional information