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Other Comprehensive Income (Tables)
 12 Months Ended
Dec. 31, 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):

 
 
 
Year Ended December 31, 2014
 
 
Unrealized holding gains / losses arising on
fixed maturities, available-for-sale
 
Unrealized holding gains / losses arising on cash flow hedged
 
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
 
381,198

 
13,089

 
(38,194
)
 
(67,380
)
 
288,713

Amounts reclassified from AOCI
 
(31,038
)
 
(5,465
)
 
—

 
5,054

 
(31,449
)
Net current period other comprehensive income (loss)
 
350,160

 
7,624

 
(38,194
)
 
(62,326
)
 
257,264

Balances, December 31, 2014
 
$
784,183

 
$
33,141

 
$
(108,194
)
 
$
(106,112
)
 
$
603,018


 
 
Year Ended December 31, 2013
 
 
Unrealized holding gains / losses arising on
fixed maturities, available-for-sale
 
Unrealized holding gains / losses arising on cash flow hedged
 
Future policy benefits, DAC and VOBA adjustments
 
Employee benefit plan adjustment
 
Total
Balances, January 1, 2013
 
$
927,678

 
$
24,962

 
$
(194,147
)
 
$
(122,794
)
 
$
635,699

Other comprehensive income (loss) before reclassifications
 
(467,178
)
 
2,016

 
124,147

 
68,422

 
(272,593
)
Amounts reclassified from AOCI
 
(26,477
)
 
(1,461
)
 
—

 
10,586

 
(17,352
)
Net current period other comprehensive income (loss)
 
(493,655
)
 
555

 
124,147

 
79,008

 
(289,945
)
Balances, December 31, 2013
 
$
434,023

 
$
25,517

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


 
 
Year Ended December 31, 2012
 
 
Unrealized holding gains / losses arising on
fixed maturities, available-for-sale
 
Unrealized holding gains / losses arising on cash flow hedged
 
Future policy benefits, DAC and VOBA adjustments
 
Employee benefit plan adjustment
 
Total
Balances, January 1, 2012
 
$
646,805

 
$
41,003

 
$
(139,655
)
 
$
(78,171
)
 
$
469,982

Other comprehensive income (loss) before reclassifications
 
347,118

 
(12,273
)
 
(54,492
)
 
(50,771
)
 
229,582

Amounts reclassified from AOCI
 
(66,245
)
 
(3,768
)
 
—

 
6,148

 
(63,865
)
Net current period other comprehensive income (loss)
 
280,873

 
(16,041
)
 
(54,492
)
 
(44,623
)
 
165,717

Balances, December 31, 2012
 
$
927,678

 
$
24,962

 
$
(194,147
)
 
$
(122,794
)
 
$
635,699
Schedule of composition of other comprehensive income (loss)
The following tables present the composition of other comprehensive income (loss):
 
 
 
Year Ended December 31, 2014
 
 
Before-tax
 
Tax (expense)
 
Net-of-tax
 
 
amount
 
benefit
 
amount
Unrealized holding gains (losses) arising on fixed maturities, available-for-sale
 
$
586,458

 
$
(205,260
)
 
$
381,198

Unrealized holding gains (losses) arising on cash flow hedges
 
20,137

 
(7,048
)
 
13,089

Reclassification adjustment for (gains) losses realized in net income
 
(56,159
)
 
19,656

 
(36,503
)
Net unrealized gains (losses) related to investments
 
550,436

 
(192,652
)
 
357,784

Future policy benefits, DAC and VOBA adjustments
 
(58,760
)
 
20,566

 
(38,194
)
Net unrealized gains (losses)
 
491,676

 
(172,086
)
 
319,590

Employee benefit plan adjustment
 
(95,886
)
 
33,560

 
(62,326
)
Other comprehensive income (loss)
 
$
395,790

 
$
(138,526
)
 
$
257,264


 
 
Year Ended December 31, 2013
 
 
Before-tax
 
Tax (expense)
 
Net-of-tax
 
 
amount
 
benefit
 
amount
Unrealized holding gains (losses) arising on fixed maturities, available-for-sale
 
$
(718,735
)
 
$
251,557

 
$
(467,178
)
Unrealized holding gains (losses) arising on cash flow hedges
 
3,102

 
(1,086
)
 
2,016

Reclassification adjustment for (gains) losses realized in net income
 
(42,982
)
 
15,044

 
(27,938
)
Net unrealized gains (losses) related to investments
 
(758,615
)
 
265,515

 
(493,100
)
Future policy benefits, DAC and VOBA adjustments
 
190,995

 
(66,848
)
 
124,147

Net unrealized gains (losses)
 
(567,620
)
 
198,667

 
(368,953
)
Employee benefit plan adjustment
 
121,551

 
(42,543
)
 
79,008

Other comprehensive income (loss)
 
$
(446,069
)
 
$
156,124

 
$
(289,945
)

 
 
Year Ended December 31, 2012
 
 
Before-tax
 
Tax (expense)
 
Net-of-tax
 
 
amount
 
benefit
 
amount
Unrealized holding gains (losses) arising on fixed maturities, available-for-sale
 
$
534,028

 
$
(186,910
)
 
$
347,118

Unrealized holding gains (losses) arising on cash flow hedges
 
(18,881
)
 
6,608

 
(12,273
)
Reclassification adjustment for (gains) losses realized in net income
 
(107,713
)
 
37,700

 
(70,013
)
Net unrealized gains (losses) related to investments
 
407,434

 
(142,602
)
 
264,832

Future policy benefits, DAC and VOBA adjustments
 
(83,835
)
 
29,343

 
(54,492
)
Net unrealized gains (losses)
 
323,599

 
(113,259
)
 
210,340

Employee benefit plan adjustment
 
(68,650
)
 
24,027

 
(44,623
)
Other comprehensive income (loss)
 
$
254,949

 
$
(89,232
)
 
$
165,717

 
Schedule of reclassifications out of accumulated other comprehensive income (loss)
The following table presents the reclassifications out of accumulated other comprehensive income (loss):
 
 
Year Ended December 31,
 
 
 
 
2014
 
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 holdings (gains) losses arising on fixed maturities, available-for-sale
 
$
(47,751
)
 
$
(40,734
)
 
Other realized investment (gains) losses, net
 
 
(47,751
)
 
(40,734
)
 
Total before tax
 
 
(16,713
)
 
(14,257
)
 
Tax expense or benefit
 
 
(31,038
)
 
(26,477
)
 
Net of tax
 
 
 
 
 
 
 
Unrealized holdings (gains) losses arising on cash flow hedges
 
(8,408
)
 
(2,248
)
 
Net investment income
 
 
(8,408
)
 
(2,248
)
 
Total before tax
 
 
(2,943
)
 
(787
)
 
Tax expense or benefit
 
 
(5,465
)
 
(1,461
)
 
Net of tax
 
 
 
 
 
 
 
Amortization of employee benefit plan items
 
 
 
 
 
 
Prior service costs (benefits)
 
3,189

(1) 
(666
)
(1) 
 
Actuarial losses (gains)
 
2,730

(1) 
16,952

(1) 
 
Settlement
 
1,857

(1) 
—

(1) 
 
 
 
7,776

 
16,286

 
Total before tax
 
 
2,722

 
5,700

 
Tax expense or benefit
 
 
5,054

 
10,586

 
Net of tax
 
 
 
 
 
 
 
Total reclassification for the period
 
$
(31,449
)
 
$
(17,352
)
 
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 17 for additional details).