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OFFSETTING OF ASSETS AND LIABILITIES
 9 Months Ended
Sep. 30, 2019
Offsetting [Abstract]  
OFFSETTING OF ASSETS AND LIABILITIES OFFSETTING OF ASSETS AND LIABILITIES
Certain of the Company's derivative instruments are subject to enforceable master netting arrangements that provide for the net settlement of all derivative contracts between the Company and a counterparty in the event of default or upon the occurrence of certain termination events. Collateral support agreements associated with each master netting arrangement provide that the Company will receive or pledge financial collateral in the event either minimum thresholds, or in certain cases ratings levels, have been reached. Additionally, certain of the Company's repurchase agreements provide for net settlement on termination of the agreement. Refer to Note 10, Debt and Other Obligations for details of the Company’s repurchase agreement programs.
Collateral received includes both cash and non-cash collateral.  Cash collateral received by the Company is recorded on the consolidated condensed balance sheet as “cash”, with a corresponding amount recorded in “other liabilities” to represent the Company’s obligation to return the collateral. Non-cash collateral received by the Company is not recognized on the consolidated condensed balance sheet unless the Company exercises its right to sell or re-pledge the underlying asset. As of
September 30, 2019, the fair value of non-cash collateral received was $34.4 million. As of December 31, 2018, the fair value of non-cash collateral received was $45.0 million.
The tables below present the derivative instruments by assets and liabilities for the Company as of September 30, 2019:
Gross
Amounts of
Recognized
Assets		Gross
Amounts
Offset in the
Statement of
Financial
Position		Net Amounts
of Assets
Presented in
the
Statement of
Financial
Position		Gross Amounts Not Offset
in the Statement of
Financial Position
Financial
Instruments		Collateral ReceivedNet Amount
 (Dollars In Thousands)
Offsetting of Assets      
Derivatives:      
Free-Standing derivatives$630,474  $—  $630,474  $263,245  $255,776  $111,453  
Total derivatives, subject to a master netting arrangement or similar arrangement630,474  —  630,474  263,245  255,776  111,453  
Derivatives not subject to a master netting arrangement or similar arrangement      
Embedded derivative - Modco reinsurance treaties30,600  —  30,600  —  —  30,600  
Embedded derivative - GLWB137,360  —  137,360  —  —  137,360  
Other—  —  —  —  —  —  
Total derivatives, not subject to a master netting arrangement or similar arrangement167,960  —  167,960  —  —  167,960  
Total derivatives798,434  —  798,434  263,245  255,776  279,413  
Total Assets$798,434  $—  $798,434  $263,245  $255,776  $279,413  
Gross
Amounts of
Recognized
Liabilities		Gross
Amounts
Offset in the
Statement of
Financial
Position		Net Amounts
of Liabilities
Presented in
the
Statement of
Financial
Position		Gross Amounts Not Offset
in the Statement of
Financial Position
Financial
Instruments		Collateral PostedNet Amount
 (Dollars In Thousands)
Offsetting of Liabilities      
Derivatives:      
Free-Standing derivatives$263,957  $—  $263,957  $263,245  $186  $526  
Total derivatives, subject to a master netting arrangement or similar arrangement263,957  —  263,957  263,245  186  526  
Derivatives not subject to a master netting arrangement or similar arrangement      
Embedded derivative - Modco reinsurance treaties245,792  —  245,792  —  245,792  
Embedded derivative - GLWB735,465  —  735,465  —  —  735,465  
Embedded derivative - FIA306,063  —  306,063  —  —  306,063  
Embedded derivative - IUL141,793  —  141,793  —  —  141,793  
Other45,839  —  45,839  —  —  45,839  
Total derivatives, not subject to a master netting arrangement or similar arrangement1,474,952  —  1,474,952  —  —  1,474,952  
Total derivatives1,738,909  —  1,738,909  263,245  186  1,475,478  
Repurchase agreements(1)
272,127  —  272,127  —  —  272,127  
Total Liabilities$2,011,036  $—  $2,011,036  $263,245  $186  $1,747,605  
(1) Borrowings under repurchase agreements are for a term less than 90 days.
The tables below present the derivative instruments by assets and liabilities for the Company as of December 31, 2018: 
Gross
Amounts of
Recognized
Assets		Gross
Amounts
Offset in the
Statement of
Financial
Position		Net Amounts
of Assets
Presented in
the
Statement of
Financial
Position		Gross Amounts Not Offset
in the Statement of
Financial Position
Financial
Instruments		Collateral
Received		Net Amount
 (Dollars In Thousands)
Offsetting of Assets      
Derivatives:      
Free-Standing derivatives$263,349  $—  $263,349  $70,322  $99,199  $93,828  
Total derivatives, subject to a master netting arrangement or similar arrangement263,349  —  263,349  70,322  99,199  93,828  
Derivatives not subject to a master netting arrangement or similar arrangement      
Embedded derivative - Modco reinsurance treaties7,072  —  7,072  —  —  7,072  
Embedded derivative - GLWB105,272  —  105,272  —  —  105,272  
Other136  —  136  —  —  136  
Total derivatives, not subject to a master netting arrangement or similar arrangement112,480  —  112,480  —  —  112,480  
Total derivatives375,829  —  375,829  70,322  99,199  206,308  
Total Assets$375,829  $—  $375,829  $70,322  $99,199  $206,308  
Gross
Amounts of
Recognized
Liabilities		Gross
Amounts
Offset in the
Statement of
Financial
Position		Net Amounts
of Liabilities
Presented in
the
Statement of
Financial
Position		Gross Amounts Not Offset
in the Statement of
Financial Position
Financial
Instruments		Collateral
Posted		Net Amount
 (Dollars In Thousands)
Offsetting of Liabilities      
Derivatives:      
Free-Standing derivatives$125,519  $—  $125,519  $70,322  $47,856  $7,341  
Total derivatives, subject to a master netting arrangement or similar arrangement125,519  —  125,519  70,322  47,856  7,341  
Derivatives not subject to a master netting arrangement or similar arrangement      
Embedded derivative - Modco reinsurance treaties32,828  —  32,828  —  —  32,828  
Embedded derivative - GLWB289,343  —  289,343  —  —  289,343  
Embedded derivative - FIA217,288  —  217,288  —  —  217,288  
Embedded derivative - IUL90,231  —  90,231  —  —  90,231  
Other252  —  252  —  —  252  
Total derivatives, not subject to a master netting arrangement or similar arrangement629,942  —  629,942  —  —  629,942  
Total derivatives755,461  —  755,461  70,322  47,856  637,283  
Repurchase agreements(1)
418,090  —  418,090  —  —  418,090  
Total Liabilities$1,173,551  $—  $1,173,551  $70,322  $47,856  $1,055,373  
(1) Borrowings under repurchase agreements are for a term less than 90 days.