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Other Comprehensive Income (Tables)
 9 Months Ended
Sep. 30, 2014
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Schedule of accumulated balances for each classification of other comprehensive income (loss)
The following tables present the accumulated balances for each classification of other comprehensive income (loss):
 
 
Three Months Ended September 30, 2014
 
Unrealized
holding gains
/ losses
arising on
fixed
maturities,
available-for-
sale
 
Unrealized
holding gains
/ losses
arising on
cash flow
hedges
 
Future policy
benefits, DAC
and VOBA
adjustments
 
Employee
benefit plan
adjustment
 
Total
Balances, July 1, 2014
$
790,332

 
$
25,068

 
$
(126,529
)
 
$
(43,786
)
 
$
645,085

Other comprehensive income (loss) before reclassifications
(65,520
)
 
4,815

 
263

 
(2,159
)
 
(62,601
)
Amounts reclassified from AOCI
(2,664
)
 
(1,716
)
 
—

 
2,802

 
(1,578
)
Net current period other comprehensive income (loss)
(68,184
)
 
3,099

 
263

 
643

 
(64,179
)
Balances, September 30, 2014
$
722,148

 
$
28,167

 
$
(126,266
)
 
$
(43,143
)
 
$
580,906

 
 
Three Months Ended September 30, 2013
 
Unrealized
holding gains
/ losses
arising on
fixed
maturities,
available-for-
sale
 
Unrealized
holding gains
/ losses
arising on
cash flow
hedges
 
Future policy
benefits, DAC
and VOBA
adjustments
 
Employee
benefit plan
adjustment
 
Total
Balances, July 1, 2013
$
506,490

 
$
33,386

 
$
(105,399
)
 
$
(122,795
)
 
$
311,682

Other comprehensive income (loss) before reclassifications
(13,373
)
 
(32,440
)
 
17,194

 
—

 
(28,619
)
Amounts reclassified from AOCI
(8,361
)
 
(384
)
 
—

 
—

 
(8,745
)
Net current period other comprehensive income (loss)
(21,734
)
 
(32,824
)
 
17,194

 
—

 
(37,364
)
Balances, September 30, 2013
$
484,756

 
$
562

 
$
(88,205
)
 
$
(122,795
)
 
$
274,318


 
Nine Months Ended September 30, 2014
 
Unrealized
holding gains
/ losses
arising on
fixed
maturities,
available-for-
sale
 
Unrealized
holding gains
/ losses
arising on
cash flow
hedges
 
Future policy
benefits, DAC
and VOBA
adjustments
 
Employee
benefit plan
adjustment
 
Total
Balances, January 1, 2014
$
434,023

 
$
25,517

 
$
(70,000
)
 
$
(43,786
)
 
$
345,754

Other comprehensive income (loss) before reclassifications
306,499

 
7,346

 
(56,266
)
 
(2,159
)
 
255,420

Amounts reclassified from AOCI
(18,374
)
 
(4,696
)
 
—

 
2,802

 
(20,268
)
Net current period other comprehensive income (loss)
288,125

 
2,650

 
(56,266
)
 
643

 
235,152

Balances, September 30, 2014
$
722,148

 
$
28,167

 
$
(126,266
)
 
$
(43,143
)
 
$
580,906


 
Nine Months Ended September 30, 2013
 
Unrealized
holding gains
/ losses
arising on
fixed
maturities,
available-for-
sale
 
Unrealized
holding gains
/ losses
arising on
cash flow
hedges
 
Future policy
benefits, DAC
and VOBA
adjustments
 
Employee
benefit plan
adjustment
 
Total
Balances, January 1, 2013
$
927,678

 
$
24,962

 
$
(194,146
)
 
$
(122,795
)
 
$
635,699

Other comprehensive income (loss) before reclassifications
(422,791
)
 
(21,450
)
 
105,941

 
—

 
(338,300
)
Amounts reclassified from AOCI
(20,131
)
 
(2,950
)
 
—

 
—

 
(23,081
)
Net current period other comprehensive income (loss)
(442,922
)
 
(24,400
)
 
105,941

 
—

 
(361,381
)
Balances, September 30, 2013
$
484,756

 
$
562

 
$
(88,205
)
 
$
(122,795
)
 
$
274,318
Schedule of composition of other comprehensive income (loss)
The following tables present the composition of other comprehensive income (loss):
 
 
Three Months Ended September 30, 2014
 
Before-tax
 
Tax (expense)
 
Net-of-tax
 
amount
 
benefit
 
amount
Unrealized holding gains (losses) arising on fixed maturities, available-for-sale
$
(100,800
)
 
$
35,280

 
$
(65,520
)
Unrealized holding gains (losses) arising on cash flow hedges
7,408

 
(2,593
)
 
4,815

Reclassification adjustment for (gains) losses realized in net income
(6,738
)
 
2,358

 
(4,380
)
Net unrealized gains (losses) related to investments
(100,130
)
 
35,045

 
(65,085
)
Future policy benefits, DAC and VOBA adjustments
405

 
(142
)
 
263

Net unrealized gains (losses)
(99,725
)
 
34,903

 
(64,822
)
Employee benefit plan adjustment
989

 
(346
)
 
643

Other comprehensive income (loss)
$
(98,736
)
 
$
34,557

 
$
(64,179
)
 
 
Three Months Ended September 30, 2013
 
Before-tax
 
Tax (expense)
 
Net-of-tax
 
amount
 
benefit
 
amount
Unrealized holding gains (losses) arising on fixed maturities, available-for-sale
$
(20,574
)
 
$
7,201

 
$
(13,373
)
Unrealized holding gains (losses) arising on cash flow hedges
(49,908
)
 
17,468

 
(32,440
)
Reclassification adjustment for (gains) losses realized in net income
(13,454
)
 
4,709

 
(8,745
)
Net unrealized gains (losses) related to investments
(83,936
)
 
29,378

 
(54,558
)
Future policy benefits, DAC and VOBA adjustments
26,455

 
(9,261
)
 
17,194

Net unrealized gains (losses)
(57,481
)
 
20,117

 
(37,364
)
Other comprehensive income (loss)
$
(57,481
)
 
$
20,117

 
$
(37,364
)

 
Nine Months Ended September 30, 2014
 
Before-tax
 
Tax (expense)
 
Net-of-tax
 
amount
 
benefit
 
amount
Unrealized holding gains (losses) arising on fixed maturities, available-for-sale
$
471,537

 
$
(165,038
)
 
$
306,499

Unrealized holding gains (losses) arising on cash flow hedges
11,302

 
(3,956
)
 
7,346

Reclassification adjustment for (gains) losses realized in net income
(35,492
)
 
12,422

 
(23,070
)
Net unrealized gains (losses) related to investments
447,347

 
(156,572
)
 
290,775

Future policy benefits, DAC and VOBA adjustments
(86,563
)
 
30,297

 
(56,266
)
Net unrealized gains (losses)
360,784

 
(126,275
)
 
234,509

Employee benefit plan adjustment
989

 
(346
)
 
643

Other comprehensive income (loss)
$
361,773

 
$
(126,621
)
 
$
235,152


 
Nine Months Ended September 30, 2013
 
Before-tax
 
Tax (expense)
 
Net-of-tax
 
amount
 
benefit
 
amount
Unrealized holding gains (losses) arising on fixed maturities, available-for-sale
$
(650,447
)
 
$
227,656

 
$
(422,791
)
Unrealized holding gains (losses) arising on cash flow hedges
(33,000
)
 
11,550

 
(21,450
)
Reclassification adjustment for (gains) losses realized in net income
(35,510
)
 
12,429

 
(23,081
)
Net unrealized gains (losses) related to investments
(718,957
)
 
251,635

 
(467,322
)
Future policy benefits, DAC and VOBA adjustments
162,987

 
(57,046
)
 
105,941

Net unrealized gains (losses)
(555,970
)
 
194,589

 
(361,381
)
Other comprehensive income (loss)
$
(555,970
)
 
$
194,589

 
$
(361,381
)
Schedule of reclassifications out of accumulated other comprehensive income (loss)
The following tables presents the reclassifications out of accumulated other comprehensive income (loss):
 
 
 
Three Months Ended September 30, 2014
Details about accumulated other 
comprehensive income (loss) components
 
Amount reclassified
from accumulated other comprehensive
income (loss)
 
Affected line item in the statement where net income is presented
Unrealized holding (gains) losses arising on fixed maturities, available-for-sale
 
$
(4,099
)
 
Other realized investment (gains) losses, net
 
 
(4,099
)
 
Total before tax
 
 
(1,435
)
 
Tax expense or benefit
 
 
$
(2,664
)
 
Net of tax
 
 
 
 
 
Unrealized holding (gains) losses arising on cash flow hedges
 
$
(2,639
)
 
Net investment income
 
 
(2,639
)
 
Total before tax
 
 
(923
)
 
Tax expense or benefit
 
 
$
(1,716
)
 
Net of tax
 
 
 
 
 
Amortization of employee benefit plan items
 
 
 
 
Prior service costs (benefits)
 
$
(542
)
(1) 
 
Actuarial losses (gains)
 
2,187

(1) 
 
Settlement
 
2,666

(1) 
 
 
 
4,311

 
Total before tax
 
 
1,509

 
Tax expense or benefit
 
 
$
2,802

 
Net of tax
 
 
 
 
 
Total reclassification
 
$
(1,578
)
 
Net of tax

(1) These accumulated other comprehensive income components are included in the computation of net periodic (benefit) cost of employee benefit plans (see Note 13 for additional details).

 
 
Three Months Ended September 30, 2013
Details about accumulated other 
comprehensive income (loss) components
 
Amount reclassified
from accumulated other comprehensive
income (loss)
 
Affected line item in the statement where net income is presented
Unrealized holding (gains) losses arising on fixed maturities, available-for-sale
 
$
(12,863
)
 
Other realized investment (gains) losses, net
 
 
(12,863
)
 
Total before tax
 
 
(4,502
)
 
Tax expense or benefit
 
 
$
(8,361
)
 
Net of tax
 
 
 
 
 
Unrealized holding (gains) losses arising on cash flow hedges
 
$
(591
)
 
Net investment income
 
 
(591
)
 
Total before tax
 
 
(207
)
 
Tax expense or benefit
 
 
$
(384
)
 
Net of tax
 
 
 
 
 
Total reclassification
 
$
(8,745
)
 
Net of tax

 
 
Nine Months Ended September 30, 2014
Details about accumulated other 
comprehensive income (loss) components
 
Amount reclassified
from accumulated other comprehensive
income (loss)
 
Affected line item in the statement where net income is presented
Unrealized holding (gains) losses arising on fixed maturities, available-for-sale
 
$
(28,268
)
 
Other realized investment (gains) losses, net
 
 
(28,268
)
 
Total before tax
 
 
(9,894
)
 
Tax expense or benefit
 
 
$
(18,374
)
 
Net of tax
 
 
 
 
 
Unrealized holding (gains) losses arising on cash flow hedges
 
$
(7,224
)
 
Net investment income
 
 
(7,224
)
 
Total before tax
 
 
(2,528
)
 
Tax expense or benefit
 
 
$
(4,696
)
 
Net of tax
 
 
 
 
 
Amortization of employee benefit plan items
 
 
 
 
Prior service costs (benefits)
 
$
(542
)
(1) 
 
Actuarial losses (gains)
 
2,187

(1) 
 
Settlement
 
2,666

(1) 
 
 
 
4,311

 
Total before tax
 
 
1,509

 
Tax expense or benefit
 
 
$
2,802

 
Net of tax
 
 
 
 
 
Total reclassification
 
$
(20,268
)
 
Net of tax

(1) These accumulated other comprehensive income components are included in the computation of net periodic (benefit) cost of employee benefit plans (see Note 13 for additional details).

 
 
Nine Months Ended September 30, 2013
Details about accumulated other 
comprehensive income (loss) components
 
Amount reclassified
from accumulated other comprehensive
income (loss)
 
Affected line item in the statement where net income is presented
Unrealized holding (gains) losses arising on fixed maturities, available-for-sale
 
$
(30,971
)
 
Other realized investment (gains) losses, net
 
 
(30,971
)
 
Total before tax
 
 
(10,840
)
 
Tax expense or benefit
 
 
$
(20,131
)
 
Net of tax
 
 
 
 
 
Unrealized holding (gains) losses arising on cash flow hedges
 
$
(4,539
)
 
Net investment income
 
 
(4,539
)
 
Total before tax
 
 
(1,589
)
 
Tax expense or benefit
 
 
$
(2,950
)
 
Net of tax
 
 
 
 
 
Total reclassification
 
$
(23,081
)
 
Net of tax