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INVESTMENT OPERATIONS - Additional Information (Details)
12 Months Ended
Dec. 31, 2018
USD ($)
subsidiary
position
Dec. 31, 2017
USD ($)
subsidiary
Variable Interest Entities    
Gross unrealized losses, 12 Months or More $ 1,658,939,000 $ 602,685,000
Number of positions in unrealized loss position | position 4,005  
Fixed maturity securities—available-for-sale $ 50,264,864,000 39,819,928,000
Available-for-sale securities, amortized cost 52,826,470,000 39,783,880,000
Fixed maturity securities—trading 2,457,010,000 2,725,694,000
Held-to-maturity securities, unrecognized holding gain 86,300,000  
Non-income producing securities 140,500,000  
Policy loans $ 1,695,886,000 $ 1,615,615,000
Interest rate on collateral loans on life insurance policies 13.64%  
Number of wholly owned subsidiaries that were determined to be VIEs | subsidiary 2  
Red Mountain LLC    
Variable Interest Entities    
Number of wholly owned subsidiaries that were determined to be VIEs | subsidiary   2
Ownership through an affiliate (as a percent) 100.00%  
Risk of loss related to the VIE limited to the entity's investment $ 10,000  
Payments made $ 0  
Steel City LLC    
Variable Interest Entities    
Ownership through an affiliate (as a percent) 100.00%  
Risk of loss related to the VIE limited to the entity's investment $ 10,000  
Payments made 0  
Fixed maturities    
Variable Interest Entities    
Fixed maturity securities—available-for-sale 49,488,507,000  
Available-for-sale securities, amortized cost 52,050,113,000  
Fixed maturity securities—trading 2,416,192,000 $ 2,664,189,000
Held-to-maturity securities, accumulated unrecognized holding gain 0 76,586,000
Held-to-maturity securities, accumulated unrecognized holding loss 86,264,000 19,163,000
Equity securities    
Variable Interest Entities    
Gross unrealized losses, 12 Months or More   7,370,000
Fixed maturity securities—trading 9,892,000 5,244,000
Short-term investments    
Variable Interest Entities    
Fixed maturity securities—trading 30,926,000 56,261,000
Residential mortgage-backed securities    
Variable Interest Entities    
Gross unrealized losses, 12 Months or More 30,894,000 13,362,000
Fixed maturity securities—trading 241,836,000 259,694,000
Commercial mortgage-backed securities    
Variable Interest Entities    
Gross unrealized losses, 12 Months or More 50,659,000 21,594,000
Fixed maturity securities—trading 188,925,000 146,804,000
Other asset-backed securities    
Variable Interest Entities    
Gross unrealized losses, 12 Months or More $ 4,435,000 $ 5,441,000
Percentage of underlying collateral of student-loan backed auction rate securities guaranteed by the Federal Family Education Loan Program (at least) 97.00% 97.00%
Fixed maturity securities—trading $ 159,907,000 $ 138,097,000
U.S. government-related securities    
Variable Interest Entities    
Gross unrealized losses, 12 Months or More 41,054,000 31,489,000
Fixed maturity securities—trading 59,794,000 27,234,000
Other government-related securities    
Variable Interest Entities    
Gross unrealized losses, 12 Months or More 18,583,000 4,778,000
Fixed maturity securities—trading 44,207,000 63,925,000
States, municipals, and political subdivisions    
Variable Interest Entities    
Gross unrealized losses, 12 Months or More 91,722,000 43,874,000
Fixed maturity securities—trading 286,413,000 326,925,000
Corporate securities    
Variable Interest Entities    
Gross unrealized losses, 12 Months or More 1,414,499,000 472,394,000
Fixed maturity securities—trading 1,423,833,000 $ 1,698,183,000
Below investment grade    
Variable Interest Entities    
Fixed maturity securities—available-for-sale 1,600,000,000  
Available-for-sale securities, amortized cost 1,800,000,000  
Fixed maturity securities—trading 144,300,000  
Securities not publicly traded $ 262,800,000  
Minimum    
Variable Interest Entities    
Interest rate on standard policy loans 3.00%  
Maximum    
Variable Interest Entities    
Interest rate on standard policy loans 8.00%