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Other Comprehensive Income
 3 Months Ended
Mar. 31, 2015
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Other Comprehensive Income
Other Comprehensive Income
 
The following tables present the accumulated balances for each classification of other comprehensive income (loss):
 
 
Three Months Ended March 31, 2015
 
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, 2015
$
784,183

 
$
33,141

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

Other comprehensive income (loss) before reclassifications
117,894

 
11,151

 
(22,834
)
 
(215
)
 
105,996

Amounts reclassified from AOCI
(18,316
)
 
(1,468
)
 
—

 
1,907

 
(17,877
)
Net current period other comprehensive income (loss)
99,578

 
9,683

 
(22,834
)
 
1,692

 
88,119

Balances, March 31, 2015
$
883,761

 
$
42,824

 
$
(131,028
)
 
$
(104,420
)
 
$
691,137

 
 
Three Months Ended March 31, 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
202,344

 
575

 
(37,211
)
 
—

 
165,708

Amounts reclassified from AOCI
(14,065
)
 
(377
)
 
—

 
—

 
(14,442
)
Net current period other comprehensive income (loss)
188,279

 
198

 
(37,211
)
 
—

 
151,266

Balances, March 31, 2014
$
622,302

 
$
25,715

 
$
(107,211
)
 
$
(43,786
)
 
$
497,020

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


The following tables present the composition of other comprehensive income (loss):
 
 
Three Months Ended March 31, 2015
 
Before-tax
 
Tax (expense)
 
Net-of-tax
 
amount
 
benefit
 
amount
Unrealized holding gains (losses), net, arising on fixed maturities, available-for-sale
$
181,375

 
$
(63,481
)
 
$
117,894

Unrealized holding gains (losses), net, arising on cash flow hedges
17,155

 
(6,004
)
 
11,151

Reclassification adjustment for (gains) losses, net, realized in net income
(30,437
)
 
10,653

 
(19,784
)
Net unrealized gains (losses) related to investments
168,093

 
(58,832
)
 
109,261

Future policy benefits, DAC and VOBA adjustments
(35,129
)
 
12,295

 
(22,834
)
Net unrealized gains (losses)
132,964

 
(46,537
)
 
86,427

Employee benefit plan adjustment
2,603

 
(911
)
 
1,692

Other comprehensive income (loss)
$
135,567

 
$
(47,448
)
 
$
88,119

 
 
Three Months Ended March 31, 2014
 
Before-tax
 
Tax (expense)
 
Net-of-tax
 
amount
 
benefit
 
amount
Unrealized holding gains (losses), net, arising on fixed maturities, available-for-sale
$
311,298

 
$
(108,954
)
 
$
202,344

Unrealized holding gains (losses), net, arising on cash flow hedges
884

 
(309
)
 
575

Reclassification adjustment for (gains) losses, net, realized in net income
(22,218
)
 
7,776

 
(14,442
)
Net unrealized gains (losses) related to investments
289,964

 
(101,487
)
 
188,477

Future policy benefits, DAC and VOBA adjustments
(57,248
)
 
20,037

 
(37,211
)
Net unrealized gains (losses)
232,716

 
(81,450
)
 
151,266

Other comprehensive income (loss)
$
232,716

 
$
(81,450
)
 
$
151,266


 
 
 
 
 
 

 
 
 
 
 
 


The following tables presents the reclassifications out of accumulated other comprehensive income (loss):
 
 
 
Three Months Ended March 31,
 
 
 
 
2015
 
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, net, arising on fixed maturities, available-for-sale
 
$
(28,179
)
 
$
(21,638
)
 
Other realized investment (gains) losses, net
 
 
(28,179
)
 
(21,638
)
 
Total before tax
 
 
(9,863
)
 
(7,573
)
 
Tax expense or benefit
 
 
$
(18,316
)
 
$
(14,065
)
 
Net of tax
 
 
 
 
 
 
 
Unrealized holding (gains) losses, net, arising on cash flow hedges
 
$
(2,258
)
 
$
(580
)
 
Net investment income
 
 
(2,258
)
 
(580
)
 
Total before tax
 
 
(790
)
 
(203
)
 
Tax expense or benefit
 
 
$
(1,468
)
 
$
(377
)
 
Net of tax
 
 
 
 
 
 
 
Amortization of employee benefit plan items
 
 
 
 
 
 
Prior service costs (benefits)
 
$
(181
)
(1) 
$
—

 
 
Actuarial losses (gains)
 
3,115

(1) 
—

 
 
 
 
2,934

 
—

 
Total before tax
 
 
1,027

 
—

 
Tax expense or benefit
 
 
$
1,907

 
$
—

 
Net of tax
 
 
 
 
 
 
 
Total reclassification
 
$
(17,877
)
 
$
(14,442
)
 
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 10 for additional details).