XML 85 R71.htm IDEA: XBRL DOCUMENT v3.3.1.900
Fair Value - Recurring by FV hierarchy (Details) - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Assets    
Fixed maturities, available-for-sale $ 20,531,627 $ 20,162,078
Fixed maturities held for trading 615,839 338,543
Short-term investments 267,026 263,501
Collateral under securities lending agreements 0 13,741
Collateral under derivative counterparty collateral agreements 50,924 106,110
Total derivative instruments [1] 68,600 35,604
Separate account assets 26,631,193 27,718,844
Liabilities    
Payable under securities lending agreements 0 13,741
Collateral under derivative counterparty collateral agreements 19,060 791
Total derivative instruments [1] 76,373 136,587
Separate account liabilities 26,631,193 27,718,844
Derivative instruments designated as hedges:    
Assets    
Total derivative instruments [1] 40,579 24,526
Liabilities    
Total derivative instruments [1] 22 2,952
Derivative instruments not designated as hedges:    
Assets    
Total derivative instruments [1] 28,021 11,078
Liabilities    
Total derivative instruments [1] 76,351 133,635
Derivative instruments not designated as hedges: | Interest rate swaps    
Assets    
Total derivative instruments [1] 8,295 6,246
Liabilities    
Total derivative instruments [1] 5,055 1,844
Derivative instruments not designated as hedges: | Interest rate swaptions    
Assets    
Total derivative instruments [1] 189 271
Derivative instruments not designated as hedges: | Cross-currency swaps    
Assets    
Total derivative instruments [1] 19,537 4,561
Liabilities    
Total derivative instruments [1] 71,296 131,791
U.S. government direct obligations and U.S. agencies    
Assets    
Fixed maturities, available-for-sale 3,341,752 3,547,256
Obligations of U.S. states and their subdivisions    
Assets    
Fixed maturities, available-for-sale 2,219,173 2,172,484
Foreign government securities    
Assets    
Fixed maturities, available-for-sale 2,286 2,451
Corporate debt securities    
Assets    
Fixed maturities, available-for-sale 12,505,712 [2] 11,939,449 [3]
Asset-backed securities    
Assets    
Fixed maturities, available-for-sale 1,311,370 1,398,539
Residential mortgage-backed securities    
Assets    
Fixed maturities, available-for-sale 125,372 173,229
Commercial mortgage-backed securities    
Assets    
Fixed maturities, available-for-sale 1,016,908 918,205
Collateralized debt obligations    
Assets    
Fixed maturities, available-for-sale 9,054 10,465
Recurring basis | Quoted prices in active markets for identical assets (Level 1)    
Assets    
Short-term investments 132,288 156,935
Collateral under securities lending agreements   13,741
Collateral under derivative counterparty collateral agreements 69,984 106,901
Separate account assets 15,249,966 16,146,057
Total assets 15,452,238 16,423,634
Liabilities    
Payable under securities lending agreements   13,741
Collateral under derivative counterparty collateral agreements 19,060 791
Separate account liabilities 24 [4] 15 [5]
Total liabilities 19,084 14,547
Recurring basis | Significant other observable inputs (Level 2)    
Assets    
Fixed maturities, available-for-sale 20,527,089 20,156,200
Fixed maturities held for trading 615,839 338,543
Short-term investments 134,738 106,566
Total derivative instruments 68,600 35,604
Separate account assets 11,381,227 11,572,787
Total assets 32,727,493 32,209,700
Liabilities    
Total derivative instruments 76,373 136,587
Separate account liabilities 290,293 [4] 217,712 [5]
Total liabilities 366,666 354,299
Recurring basis | Significant other observable inputs (Level 2) | Derivative instruments designated as hedges: | Interest rate swaps    
Assets    
Total derivative instruments 11,843 19,383
Liabilities    
Total derivative instruments   131
Recurring basis | Significant other observable inputs (Level 2) | Derivative instruments designated as hedges: | Cross-currency swaps    
Assets    
Total derivative instruments 28,736 5,143
Liabilities    
Total derivative instruments 22 2,821
Recurring basis | Significant other observable inputs (Level 2) | Derivative instruments not designated as hedges: | Interest rate swaps    
Assets    
Total derivative instruments 8,295 6,246
Liabilities    
Total derivative instruments 5,055 1,844
Recurring basis | Significant other observable inputs (Level 2) | Derivative instruments not designated as hedges: | Interest rate swaptions    
Assets    
Total derivative instruments 189 271
Recurring basis | Significant other observable inputs (Level 2) | Derivative instruments not designated as hedges: | Cross-currency swaps    
Assets    
Total derivative instruments 19,537 4,561
Liabilities    
Total derivative instruments 71,296 131,791
Recurring basis | Significant other observable inputs (Level 2) | U.S. government direct obligations and U.S. agencies    
Assets    
Fixed maturities, available-for-sale 3,341,752 3,547,256
Fixed maturities held for trading 558,208 279,602
Recurring basis | Significant other observable inputs (Level 2) | Obligations of U.S. states and their subdivisions    
Assets    
Fixed maturities, available-for-sale 2,219,173 2,172,484
Recurring basis | Significant other observable inputs (Level 2) | Foreign government securities    
Assets    
Fixed maturities, available-for-sale 2,286 2,451
Recurring basis | Significant other observable inputs (Level 2) | Corporate debt securities    
Assets    
Fixed maturities, available-for-sale 12,501,174 11,933,607
Fixed maturities held for trading 56,566 57,850
Recurring basis | Significant other observable inputs (Level 2) | Asset-backed securities    
Assets    
Fixed maturities, available-for-sale 1,311,370 1,398,503
Fixed maturities held for trading   0
Recurring basis | Significant other observable inputs (Level 2) | Residential mortgage-backed securities    
Assets    
Fixed maturities, available-for-sale 125,372 173,229
Recurring basis | Significant other observable inputs (Level 2) | Commercial mortgage-backed securities    
Assets    
Fixed maturities, available-for-sale 1,016,908 918,205
Fixed maturities held for trading 1,065 1,091
Recurring basis | Significant other observable inputs (Level 2) | Collateralized debt obligations    
Assets    
Fixed maturities, available-for-sale 9,054 10,465
Recurring basis | Significant unobservable inputs (Level 3)    
Assets    
Fixed maturities, available-for-sale 4,538 5,878
Total assets 4,538 5,878
Liabilities    
Embedded derivatives - GLWB 11,257  
Total liabilities 11,257  
Recurring basis | Significant unobservable inputs (Level 3) | Corporate debt securities    
Assets    
Fixed maturities, available-for-sale 4,538 5,842
Recurring basis | Significant unobservable inputs (Level 3) | Asset-backed securities    
Assets    
Fixed maturities, available-for-sale 0 36
Recurring basis | Significant unobservable inputs (Level 3) | Collateralized debt obligations    
Assets    
Fixed maturities, available-for-sale 0 0
Recurring basis | Total    
Assets    
Fixed maturities, available-for-sale 20,531,627 20,162,078
Fixed maturities held for trading 615,839 338,543
Short-term investments 267,026 263,501
Collateral under securities lending agreements   13,741
Collateral under derivative counterparty collateral agreements 69,984 106,901
Total derivative instruments 68,600 35,604
Separate account assets 26,631,193 27,718,844
Total assets 48,184,269 48,639,212
Liabilities    
Payable under securities lending agreements   13,741
Collateral under derivative counterparty collateral agreements 19,060 791
Total derivative instruments 76,373 136,587
Embedded derivatives - GLWB 11,257  
Separate account liabilities 290,317 [4] 217,727 [5]
Total liabilities 397,007 368,846
Recurring basis | Total | Derivative instruments designated as hedges: | Interest rate swaps    
Assets    
Total derivative instruments 11,843 19,383
Liabilities    
Total derivative instruments   131
Recurring basis | Total | Derivative instruments designated as hedges: | Cross-currency swaps    
Assets    
Total derivative instruments 28,736 5,143
Liabilities    
Total derivative instruments 22 2,821
Recurring basis | Total | Derivative instruments not designated as hedges: | Interest rate swaps    
Assets    
Total derivative instruments 8,295 6,246
Liabilities    
Total derivative instruments 5,055 1,844
Recurring basis | Total | Derivative instruments not designated as hedges: | Interest rate swaptions    
Assets    
Total derivative instruments 189 271
Recurring basis | Total | Derivative instruments not designated as hedges: | Cross-currency swaps    
Assets    
Total derivative instruments 19,537 4,561
Liabilities    
Total derivative instruments 71,296 131,791
Recurring basis | Total | U.S. government direct obligations and U.S. agencies    
Assets    
Fixed maturities, available-for-sale 3,341,752 3,547,256
Fixed maturities held for trading 558,208 279,602
Recurring basis | Total | Obligations of U.S. states and their subdivisions    
Assets    
Fixed maturities, available-for-sale 2,219,173 2,172,484
Recurring basis | Total | Foreign government securities    
Assets    
Fixed maturities, available-for-sale 2,286 2,451
Recurring basis | Total | Corporate debt securities    
Assets    
Fixed maturities, available-for-sale 12,505,712 11,939,449
Fixed maturities held for trading 56,566 57,850
Recurring basis | Total | Asset-backed securities    
Assets    
Fixed maturities, available-for-sale 1,311,370 1,398,539
Fixed maturities held for trading   0
Recurring basis | Total | Residential mortgage-backed securities    
Assets    
Fixed maturities, available-for-sale 125,372 173,229
Recurring basis | Total | Commercial mortgage-backed securities    
Assets    
Fixed maturities, available-for-sale 1,016,908 918,205
Fixed maturities held for trading 1,065 1,091
Recurring basis | Total | Collateralized debt obligations    
Assets    
Fixed maturities, available-for-sale $ 9,054 $ 10,465
[1] The estimated fair value excludes accrued income and expense. The estimated fair value of all derivatives in an asset position is reported within other assets and the estimated fair value of all derivatives in a liability position is reported within other liabilities in the consolidated balance sheets.
[2] Includes perpetual debt investments with amortized cost of $149,062 and estimated fair value of $116,423.
[3] Includes perpetual debt investments with amortized cost of $157,742 and estimated fair value of $131,799.
[4] Includes only separate account instruments which are carried at the fair value of the underlying liabilities owned by the separate accounts.
[5] Includes only separate account instruments which are carried at the fair value of the underlying liabilities owned by the separate accounts.