XML 14 R54.htm IDEA: XBRL DOCUMENT v2.4.1.9
Related Party Transactions (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Nov. 15, 2004
May 19, 2006
Jan. 02, 2013
Related party transactions            
Reinsurance receivable $ 529,921,000gac_RelatedPartyTransactionReinsuranceRecoverables $ 502,471,000gac_RelatedPartyTransactionReinsuranceRecoverables        
Future policy benefits 25,968,411,000us-gaap_LiabilityForFuturePolicyBenefits 24,609,155,000us-gaap_LiabilityForFuturePolicyBenefits        
Premium income, net of related party premiums ceded of $13,901, $(30,114) and $18,112 71,453,000gac_RelatedPartyPremiumsEarnedNet 137,785,000gac_RelatedPartyPremiumsEarnedNet 85,873,000gac_RelatedPartyPremiumsEarnedNet      
Related party premiums ceded 13,901,000gac_RelatedPartyCededPremiumsEarned (30,114,000)gac_RelatedPartyCededPremiumsEarned 18,112,000gac_RelatedPartyCededPremiumsEarned      
Life and other policy benefits, net of reinsurance recoveries of $4,594, $(536) and $12,562 209,102,000gac_RelatedPartyTransactionPolicyholderBenefitsAndClaimsIncurredNet 216,809,000gac_RelatedPartyTransactionPolicyholderBenefitsAndClaimsIncurredNet 215,880,000gac_RelatedPartyTransactionPolicyholderBenefitsAndClaimsIncurredNet      
Reinsurance recoveries 4,594,000gac_RelatedPartyPolicyholderBenefitsandClaimsIncurredAssumedandCeded (536,000)gac_RelatedPartyPolicyholderBenefitsandClaimsIncurredAssumedandCeded 12,562,000gac_RelatedPartyPolicyholderBenefitsandClaimsIncurredAssumedandCeded      
Decrease in future policy benefits (46,915,000)gac_RelatedPartyTransactionLiabilityForFuturePolicyBenefitsPeriodExpense (2,556,000)gac_RelatedPartyTransactionLiabilityForFuturePolicyBenefitsPeriodExpense (39,439,000)gac_RelatedPartyTransactionLiabilityForFuturePolicyBenefitsPeriodExpense      
Due from parent and affiliates 47,193,000us-gaap_DueFromRelatedParties 91,057,000us-gaap_DueFromRelatedParties        
Due to parent and affiliates 547,266,000us-gaap_DueToRelatedPartiesCurrentAndNoncurrent 541,793,000us-gaap_DueToRelatedPartiesCurrentAndNoncurrent        
Revenue, expenses incurred and expense reimbursement from related parties for services provided            
Total 29,781,000us-gaap_RelatedPartyTransactionAmountsOfTransaction 26,036,000us-gaap_RelatedPartyTransactionAmountsOfTransaction 22,213,000us-gaap_RelatedPartyTransactionAmountsOfTransaction      
Affiliated Entity            
Related party transactions            
Future policy benefits 1,812,077,000us-gaap_LiabilityForFuturePolicyBenefits
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
1,887,182,000us-gaap_LiabilityForFuturePolicyBenefits
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_AffiliatedEntityMember
       
The Canada Life Assurance Company (CLAC), Great-West Life, MAM Holding, and Putnam            
Revenue, expenses incurred and expense reimbursement from related parties for services provided            
Provides corporate support service (2,055,000)gac_RelatedPartyTransactionAdministrativeAndUnderwritingExpenseReimbursementsIncludedAsReductionToGeneralInsuranceExpense
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_TheCanadaLifeAssuranceCompanyCLACGreatWestLifeMAMHoldingandPutnamMember
(1,971,000)gac_RelatedPartyTransactionAdministrativeAndUnderwritingExpenseReimbursementsIncludedAsReductionToGeneralInsuranceExpense
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_TheCanadaLifeAssuranceCompanyCLACGreatWestLifeMAMHoldingandPutnamMember
(1,698,000)gac_RelatedPartyTransactionAdministrativeAndUnderwritingExpenseReimbursementsIncludedAsReductionToGeneralInsuranceExpense
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_TheCanadaLifeAssuranceCompanyCLACGreatWestLifeMAMHoldingandPutnamMember
     
The Canada Life Assurance Company (CLAC), Great-West Life, and Putnam            
Revenue, expenses incurred and expense reimbursement from related parties for services provided            
Receives corporate support services (4,053,000)us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_TheCanadaLifeAssuranceCompanyCLACGreatWestLifeandPutnamMember
(2,556,000)us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_TheCanadaLifeAssuranceCompanyCLACGreatWestLifeandPutnamMember
(2,610,000)us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_TheCanadaLifeAssuranceCompanyCLACGreatWestLifeandPutnamMember
     
CLAC and Putnam            
Revenue, expenses incurred and expense reimbursement from related parties for services provided            
Related Party Transaction Investment Management and Administrative Revenue Included in Fee Income and Net Investment Income 13,956,000gac_RelatedPartyTransactionInvestmentManagementAndAdministrativeRevenueIncludedInFeeIncomeAndNetInvestmentIncome
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_TheCanadaLifeAssuranceCompanyCLACandPutnamMember
10,625,000gac_RelatedPartyTransactionInvestmentManagementAndAdministrativeRevenueIncludedInFeeIncomeAndNetInvestmentIncome
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_TheCanadaLifeAssuranceCompanyCLACandPutnamMember
7,677,000gac_RelatedPartyTransactionInvestmentManagementAndAdministrativeRevenueIncludedInFeeIncomeAndNetInvestmentIncome
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_TheCanadaLifeAssuranceCompanyCLACandPutnamMember
     
London Life, LRG (US) Inc., Putnam, Thomas H. Lee Partners L.P. and CLAC            
Revenue, expenses incurred and expense reimbursement from related parties for services provided            
Provides U.S. tax services (402,000)gac_RelatedPartyUSTaxServicesIncludedasReductiontoGeneralInsuranceExpense
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_LondonLifeLRGIncPutnamThomasH.LeePartnersLPandtheCanadaLifeAssuranceCompanyCLACMember
(361,000)gac_RelatedPartyUSTaxServicesIncludedasReductiontoGeneralInsuranceExpense
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_LondonLifeLRGIncPutnamThomasH.LeePartnersLPandtheCanadaLifeAssuranceCompanyCLACMember
(352,000)gac_RelatedPartyUSTaxServicesIncludedasReductiontoGeneralInsuranceExpense
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_LondonLifeLRGIncPutnamThomasH.LeePartnersLPandtheCanadaLifeAssuranceCompanyCLACMember
     
Putnam            
Related party transactions            
Due to parent and affiliates 7,257,000us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_PutnamMember
0us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_PutnamMember
       
Revenue, expenses incurred and expense reimbursement from related parties for services provided            
Receives reimbursement from tax sharing indemnification related to state and local tax liabilities 7,506,000gac_RelatedPartyTransactionReimbursementFromTaxSharingIndemnificationIncludedinOtherRevenue
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_PutnamMember
8,114,000gac_RelatedPartyTransactionReimbursementFromTaxSharingIndemnificationIncludedinOtherRevenue
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_PutnamMember
6,206,000gac_RelatedPartyTransactionReimbursementFromTaxSharingIndemnificationIncludedinOtherRevenue
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_PutnamMember
     
Received internally developed internal use software 1,008,000gac_RelatedPartyTransactionReceivedInternallyDevelopedInternalUseSoftwareIncludedinOtherAssets
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_PutnamMember
0gac_RelatedPartyTransactionReceivedInternallyDevelopedInternalUseSoftwareIncludedinOtherAssets
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_PutnamMember
0gac_RelatedPartyTransactionReceivedInternallyDevelopedInternalUseSoftwareIncludedinOtherAssets
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_PutnamMember
     
Lifeco U.S.            
Related party transactions            
Due from parent and affiliates 13,369,000us-gaap_DueFromRelatedParties
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_GreatWestLifecoUSIncMember
64,786,000us-gaap_DueFromRelatedParties
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_GreatWestLifecoUSIncMember
       
GWL&A Financial            
Related party transactions            
Due from parent and affiliates 32,572,000us-gaap_DueFromRelatedParties
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_ParentCompanyMember
23,396,000us-gaap_DueFromRelatedParties
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_ParentCompanyMember
       
Interest payable 1,012,162,000us-gaap_InterestPayableCurrentAndNoncurrent
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_ParentCompanyMember
[1]          
GWL&A Financial | Surplus note            
Related party transactions            
Minimum multiple required to be applied on authorized control level at the time of payments of principal and interest 2.5gac_DebtInstrumentPaymentMinimumMultipleAppliedToAuthorizedControlLevelCapitalAtTimeOfPayment
/ us-gaap_LongtermDebtTypeAxis
= gac_SurplusNotesPayableMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_ParentCompanyMember
         
Interest expense attributable to related party debt obligations 37,059,000us-gaap_InterestExpenseRelatedParty
/ us-gaap_LongtermDebtTypeAxis
= gac_SurplusNotesPayableMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_ParentCompanyMember
37,059,000us-gaap_InterestExpenseRelatedParty
/ us-gaap_LongtermDebtTypeAxis
= gac_SurplusNotesPayableMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_ParentCompanyMember
37,059,000us-gaap_InterestExpenseRelatedParty
/ us-gaap_LongtermDebtTypeAxis
= gac_SurplusNotesPayableMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_ParentCompanyMember
     
Interest payable 4,701,000us-gaap_InterestPayableCurrentAndNoncurrent
/ us-gaap_LongtermDebtTypeAxis
= gac_SurplusNotesPayableMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_ParentCompanyMember
4,701,000us-gaap_InterestPayableCurrentAndNoncurrent
/ us-gaap_LongtermDebtTypeAxis
= gac_SurplusNotesPayableMember
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_ParentCompanyMember
       
GWL&A Financial | Surplus note, November 2034            
Related party transactions            
Due to parent and affiliates 194,446,000us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
/ us-gaap_LongtermDebtTypeAxis
= gac_SurplusNotesPayableDueNovember2034Member
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_ParentCompanyMember
[2] 194,418,000us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
/ us-gaap_LongtermDebtTypeAxis
= gac_SurplusNotesPayableDueNovember2034Member
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_ParentCompanyMember
[2]        
Face amount       195,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_LongtermDebtTypeAxis
= gac_SurplusNotesPayableDueNovember2034Member
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_ParentCompanyMember
   
Interest rate (as a percent) 6.675%us-gaap_LongTermDebtPercentageBearingFixedInterestRate
/ us-gaap_LongtermDebtTypeAxis
= gac_SurplusNotesPayableDueNovember2034Member
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_ParentCompanyMember
         
GWL&A Financial | Surplus note, May 2046            
Related party transactions            
Due to parent and affiliates 333,400,000us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
/ us-gaap_LongtermDebtTypeAxis
= gac_SurplusNotesPayableDueMay2046Member
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_ParentCompanyMember
[3] 333,400,000us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
/ us-gaap_LongtermDebtTypeAxis
= gac_SurplusNotesPayableDueMay2046Member
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_ParentCompanyMember
[3]        
Face amount 333,400,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_LongtermDebtTypeAxis
= gac_SurplusNotesPayableDueMay2046Member
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_ParentCompanyMember
      333,400,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_LongtermDebtTypeAxis
= gac_SurplusNotesPayableDueMay2046Member
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_ParentCompanyMember
 
GWL&A Financial | Surplus note, May 2046 | Until May 16, 2016            
Related party transactions            
Interest rate (as a percent) 7.203%us-gaap_LongTermDebtPercentageBearingFixedInterestRate
/ us-gaap_DebtInstrumentRedemptionPeriodAxis
= gac_DebtInstrumentInterestRatePeriodUntil16May2016Member
/ us-gaap_LongtermDebtTypeAxis
= gac_SurplusNotesPayableDueMay2046Member
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_ParentCompanyMember
         
GWL&A Financial | Surplus note, May 2046 | After May 16, 2016            
Related party transactions            
Margin added to variable rate basis (as a percent) 2.588%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentRedemptionPeriodAxis
= gac_DebtInstrumentInterestRatePeriodAfter16May2016Member
/ us-gaap_LongtermDebtTypeAxis
= gac_SurplusNotesPayableDueMay2046Member
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_ParentCompanyMember
         
Variable rate basis three-month London Interbank Offering Rate (“LIBOR”)          
GWL&A Financial | Note interest, May 2014            
Related party transactions            
Due to parent and affiliates 4,701,000us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
/ us-gaap_LongtermDebtTypeAxis
= gac_SurplusNotesInterestPayableMay2014Member
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_ParentCompanyMember
4,701,000us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
/ us-gaap_LongtermDebtTypeAxis
= gac_SurplusNotesInterestPayableMay2014Member
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_ParentCompanyMember
       
Other related party receivables            
Related party transactions            
Due from parent and affiliates 1,252,000us-gaap_DueFromRelatedParties
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_OtherRelatedPartiesMember
2,875,000us-gaap_DueFromRelatedParties
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_OtherRelatedPartiesMember
       
London Life            
Related party transactions            
Due to parent and affiliates 1,737,000us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_LondonLifeFinancialCorporationMember
1,722,000us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_LondonLifeFinancialCorporationMember
       
Great-West Life            
Related party transactions            
Due to parent and affiliates 1,739,000us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_GreatWestLifeAssuranceCompanyMember
1,514,000us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_GreatWestLifeAssuranceCompanyMember
       
CLAC            
Related party transactions            
Due to parent and affiliates 3,986,000us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_CanadaLifeAssuranceCompanyMember
6,038,000us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_CanadaLifeAssuranceCompanyMember
      3,841,000us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_CanadaLifeAssuranceCompanyMember
UNITED STATES | The Canada Life Assurance Company (CLAC) and Great-West Life            
Revenue, expenses incurred and expense reimbursement from related parties for services provided            
Related Party Transaction Investment Management and Administrative Revenue Included in Fee Income and Net Investment Income 1,803,000gac_RelatedPartyTransactionInvestmentManagementAndAdministrativeRevenueIncludedInFeeIncomeAndNetInvestmentIncome
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_TheCanadaLifeAssuranceCompanyCLACandGreatWestLifeMember
/ us-gaap_StatementGeographicalAxis
= country_US
2,586,000gac_RelatedPartyTransactionInvestmentManagementAndAdministrativeRevenueIncludedInFeeIncomeAndNetInvestmentIncome
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_TheCanadaLifeAssuranceCompanyCLACandGreatWestLifeMember
/ us-gaap_StatementGeographicalAxis
= country_US
2,929,000gac_RelatedPartyTransactionInvestmentManagementAndAdministrativeRevenueIncludedInFeeIncomeAndNetInvestmentIncome
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_TheCanadaLifeAssuranceCompanyCLACandGreatWestLifeMember
/ us-gaap_StatementGeographicalAxis
= country_US
     
CANADA | The Canada Life Assurance Company (CLAC), Great-West Life, and London Life            
Revenue, expenses incurred and expense reimbursement from related parties for services provided            
Related Party Transaction Investment Management and Administrative Revenue Included in Fee Income and Net Investment Income $ 3,912,000gac_RelatedPartyTransactionInvestmentManagementAndAdministrativeRevenueIncludedInFeeIncomeAndNetInvestmentIncome
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_TheCanadaLifeAssuranceCompanyCLACGreatWestLifeandLondonLifeMember
/ us-gaap_StatementGeographicalAxis
= country_CA
$ 4,487,000gac_RelatedPartyTransactionInvestmentManagementAndAdministrativeRevenueIncludedInFeeIncomeAndNetInvestmentIncome
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_TheCanadaLifeAssuranceCompanyCLACGreatWestLifeandLondonLifeMember
/ us-gaap_StatementGeographicalAxis
= country_CA
$ 4,841,000gac_RelatedPartyTransactionInvestmentManagementAndAdministrativeRevenueIncludedInFeeIncomeAndNetInvestmentIncome
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= gac_TheCanadaLifeAssuranceCompanyCLACGreatWestLifeandLondonLifeMember
/ us-gaap_StatementGeographicalAxis
= country_CA
     
[1] Related party long-term debt interest - One long-term surplus note bears interest at a fixed rate through maturity. The second surplus note bears interest initially at a fixed rate that will change in the future based upon the then current three-month London Interbank Offering Rate. The interest payments shown in this table are calculated based upon the contractual rates in effect on December 31, 2014 and do not consider the impact of future interest rate changes.
[2] A note payable to GWL&A Financial was issued as a surplus note on November 15, 2004, with a face amount of $195,000 and carrying amounts of $194,446 and $194,418 at December 31, 2014 and 2013, respectively. The surplus note bears interest at the rate of 6.675% per annum, payable in arrears each May and November. The note matures on November 14, 2034.
[3] A note payable to GWL&A Financial was issued as a surplus note on May 19, 2006, with a face amount and carrying amount of $333,400. The surplus note bears interest initially at the rate of 7.203% per annum, payable in arrears each May and November until May 16, 2016. After May 16, 2016, the surplus note bears an interest rate of 2.588% plus the then-current three-month London Interbank Offering Rate (“LIBOR”). The surplus note is redeemable by the Company at the principal amount plus any accrued and unpaid interest after May 16, 2016. The note matures on May 16, 2046.