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OFFSETTING OF ASSETS AND LIABILITIES (Tables)
9 Months Ended
Sep. 30, 2019
Offsetting [Abstract]  
Schedule of Derivative Instruments by Assets and Liabilities
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.