STATUTORY REPORTING PRACTICES AND OTHER REGULATORY MATTERS (Tables)

12 Months Ended

Dec. 31, 2018

STATUTORY REPORTING PRACTICES AND OTHER REGULATORY MATTERS

Schedule of favorable (unfavorable) effects of PLICO's statutory surplus, compared to NAIC statutory surplus, from the use of prescribed and permitted practices

The favorable (unfavorable) effects of PLICO’s statutory surplus, compared to NAIC statutory surplus, from the use of this prescribed practices was as follows:

	As of December 31,
	2018			2017
	(Dollars In Millions)
Non-admission of goodwill	$	(181	)	$	(219	)
Total (net)	$	(181	)	$	(219	)

Schedule of favorable (unfavorable) effects on the statutory surplus of the Company's insurance subsidiaries, compared to NAIC statutory surplus, from the use of prescribed and permitted practices

The favorable (unfavorable) effects on the statutory surplus of the Company’s insurance subsidiaries, compared to NAIC statutory surplus, from the use of these prescribed and permitted practices were as follows:

	As of December 31,
	2018			2017
	(Dollars In Millions)
Accounting for Letters of Credit as admitted assets	$	1,630		$	1,670
Accounting for certain notes as admitted assets	$	2,553		$	2,634
Reserving based on state specific actuarial practices	$	121		$	122
Reserving difference related to a captive insurance company	$	(50	)	$	(37	)