Financing Receivables (Tables)

12 Months Ended

Dec. 31, 2016

Loan-to-Value Analysis of Commercial Properties

The credit quality as of December 31 is shown below:

	Debt Service Coverage Ratios
2016:	Greater than 1.4x		1.2x – 1.4x		1.0x – 1.2x		Less than 1.0x		Total		Percent of Total
Loan-to-value ratios:
Less than 50%	$	3,694,757		133,289		53,761		—		3,881,807		37.3	%
50% – 60%		3,740,956		173,453		23,378		18,930		3,956,717		38.0
60% – 70%		1,442,783		502,746		26,005		43,607		2,015,141		19.4
70% – 80%		198,103		153,481		24,086		—		375,670		3.6
80% – 90%		57,439		83,046		27,384		2,937		170,806		1.7
90% – 100%		—		—		—		—		—		—
Greater than 100%		—		—		—		—		—		—
Total	$	9,134,038		1,046,015		154,614		65,474		10,400,141		100.0	%
	Debt Service Coverage Ratios
2015:	Greater than 1.4x		1.2x – 1.4x		1.0x – 1.2x		Less than 1.0x		Total		Percent of Total
Loan-to-value ratios:
Less than 50%		3,310,857		134,224		117,417		76		3,562,574		40.4	%
50% – 60%		2,056,466		492,618		99,041		2,834		2,650,959		30.0
60% – 70%		1,347,641		633,125		51,113		66,702		2,098,581		23.8
70% – 80%		72,551		107,527		50,712		87,160		317,950		3.6
80% – 90%		96,548		51,230		27,874		6,460		182,112		2.0
90% – 100%		—		—		13,242		—		13,242		0.2
Greater than 100%		—		—		—		—		—		—
Total		6,884,063		1,418,724		359,399		163,232		8,825,418		100.0	%

Nontrade Receivables and Allowance for Credit Losses

The nontrade receivable and allowance for credit losses by customer classification as of December 31 are shown below:

	2016								2015
	Agent			Reinsurer		Total			Agent			Reinsurer		Total
Nontrade receivables	$	11,860			20,963		32,823			6,976			23,581		30,557
Allowance for credit losses		(4,876	)		—		(4,876	)		(5,525	)		—		(5,525	)
Net nontrade receivables	$	6,984			20,963		27,947			1,451			23,581		25,032

Allowances For Credit Losses And Investment in Financing Receivables

The allowances for credit losses and recorded investment in financing receivables as of December 31 are shown below:

	Mortgage loans		Nontrade receivables			Loans to affiliates		Loans to non-affiliates		Total
2016:
Financing receivables, gross	$	10,400,141		32,823			39,120		10,145		10,482,229
Allowance for credit losses:
Beginning balance	$	37,400		5,525			—		—		42,925
Provision/(benefit)		11,000		(649	)		—		—		10,351
Ending balance		48,400		4,876			—		—		53,276
Financing receivables ending balance net of valuation allowance	$	10,351,741		27,947			39,120		10,145		10,428,953
	Mortgage loans		Nontrade receivables			Loans to affiliates		Loans to non-affiliates		Total
2015:
Financing receivables, gross	$	8,825,418		30,557			33,000		11,341		8,900,316
Allowance for credit losses:
Beginning balance	$	35,000		6,486			—		—		41,486
Provision/(benefit)		2,400		(961	)		—		—		1,439
Ending balance		37,400		5,525			—		—		42,925
Financing receivables ending balance net of valuation allowance	$	8,788,018		25,032			33,000		11,341		8,857,391

Aging Analysis of Past Due Financing Receivables

Aging analysis of past-due financing receivables as of December 31 is shown below:

	31–60 days past due		61–90 days past due		Greater than 90 days past due		Total past due		Current		Total
2016:
Mortgage loans	$	—		—		—		—		10,400,141		10,400,141
Nontrade receivables		7,590		1,662		6,712		15,964		16,859		32,823
Loans to affiliates		—		—		—		—		39,120		39,120
Loans to non-affiliates		109		10		71		190		9,955		10,145
Total	$	7,699		1,672		6,783		16,154		10,466,075		10,482,229
	31–60 days   past due		61–90 days past due		Greater than 90 days past due		Total past due		Current		Total
2015:
Mortgage loans	$	—		—		—		—		8,825,418		8,825,418
Nontrade receivables		6,893		1,796		5,629		14,318		16,239		30,557
Loans to affiliates		—		—		—		—		33,000		33,000
Loans to non-affiliates		60		—		—		60		11,281		11,341
Total	$	6,953		1,796		5,629		14,378		8,885,938		8,900,316