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Other Comprehensive Income (Tables)
 6 Months Ended
Jun. 30, 2017
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 June 30, 2017
 
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, April 1, 2017
$
398,293

 
$
61,618

 
$
(77,149
)
 
$
(82,908
)
 
$
299,854

Other comprehensive income (loss) before reclassifications
154,047

 
(11,859
)
 
(36,107
)
 
—

 
106,081

Amounts reclassified from AOCI
(1,564
)
 
373

 
—

 
1,395

 
204

Net current period other comprehensive income (loss)
152,483

 
(11,486
)
 
(36,107
)
 
1,395

 
106,285

Balances, June 30, 2017
$
550,776

 
$
50,132

 
$
(113,256
)
 
$
(81,513
)
 
$
406,139

 
 
Three Months Ended June 30, 2016
 
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, April 1, 2016
$
616,836

 
$
42,625

 
$
(115,341
)
 
$
(84,129
)
 
$
459,991

Other comprehensive income (loss) before reclassifications
255,535

 
3,967

 
(62,745
)
 
—

 
196,757

Amounts reclassified from AOCI
(17,337
)
 
(1,276
)
 
—

 
1,452

 
(17,161
)
Net current period other comprehensive income (loss)
238,198

 
2,691

 
(62,745
)
 
1,452

 
179,596

Balances, June 30, 2016
$
855,034

 
$
45,316

 
$
(178,086
)
 
$
(82,677
)
 
$
639,587

 
Six Months Ended June 30, 2017
 
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, 2017
$
311,748

 
$
67,076

 
$
(58,646
)
 
$
(84,303
)
 
$
235,875

Other comprehensive income (loss) before reclassifications
238,696

 
(16,380
)
 
(54,610
)
 
—

 
167,706

Amounts reclassified from AOCI
332

 
(564
)
 
—

 
2,790

 
2,558

Net current period other comprehensive income (loss)
239,028

 
(16,944
)
 
(54,610
)
 
2,790

 
170,264

Balances, June 30, 2017
$
550,776

 
$
50,132

 
$
(113,256
)
 
$
(81,513
)
 
$
406,139

 
Six Months Ended June 30, 2016
 
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, 2016
$
339,520

 
$
45,284

 
$
(65,785
)
 
$
(85,581
)
 
$
233,438

Other comprehensive income (loss) before reclassifications
545,831

 
2,924

 
(112,301
)
 
—

 
436,454

Amounts reclassified from AOCI
(30,317
)
 
(2,892
)
 
—

 
2,904

 
(30,305
)
Net current period other comprehensive income (loss)
515,514

 
32

 
(112,301
)
 
2,904

 
406,149

Balances, June 30, 2016
$
855,034

 
$
45,316

 
$
(178,086
)
 
$
(82,677
)
 
$
639,587
Schedule of composition of other comprehensive income (loss)
The following tables present the composition of other comprehensive income (loss):
 
Three Months Ended June 30, 2017
 
Before-tax
 
Tax (expense)
 
Net-of-tax
 
amount
 
benefit
 
amount
Unrealized holding gains (losses), net, arising on fixed maturities, available-for-sale
$
236,996

 
$
(82,949
)
 
$
154,047

Unrealized holding gains (losses), net, arising on cash flow hedges
(18,245
)
 
6,386

 
(11,859
)
Reclassification adjustment for (gains) losses, net, realized in net income
(1,832
)
 
641

 
(1,191
)
Net unrealized gains (losses) related to investments
216,919

 
(75,922
)
 
140,997

Future policy benefits, DAC and VOBA adjustments
(55,549
)
 
19,442

 
(36,107
)
Net unrealized gains (losses)
161,370

 
(56,480
)
 
104,890

Employee benefit plan adjustment
2,146

 
(751
)
 
1,395

Other comprehensive income (loss)
$
163,516

 
$
(57,231
)
 
$
106,285


 
Three Months Ended June 30, 2016
 
Before-tax
 
Tax (expense)
 
Net-of-tax
 
amount
 
benefit
 
amount
Unrealized holding gains (losses), net, arising on fixed maturities, available-for-sale
$
393,130

 
$
(137,595
)
 
$
255,535

Unrealized holding gains (losses), net, arising on cash flow hedges
6,102

 
(2,135
)
 
3,967

Reclassification adjustment for (gains) losses, net, realized in net income
(28,635
)
 
10,022

 
(18,613
)
Net unrealized gains (losses) related to investments
370,597

 
(129,708
)
 
240,889

Future policy benefits, DAC and VOBA adjustments
(96,531
)
 
33,786

 
(62,745
)
Net unrealized gains (losses)
274,066

 
(95,922
)
 
178,144

Employee benefit plan adjustment
2,234

 
(782
)
 
1,452

Other comprehensive income (loss)
$
276,300

 
$
(96,704
)
 
$
179,596

 
Six Months Ended June 30, 2017
 
Before-tax
 
Tax (expense)
 
Net-of-tax
 
amount
 
benefit
 
amount
Unrealized holding gains (losses), net, arising on fixed maturities, available-for-sale
$
367,225

 
$
(128,529
)
 
$
238,696

Unrealized holding gains (losses), net, arising on cash flow hedges
(25,200
)
 
8,820

 
(16,380
)
Reclassification adjustment for (gains) losses, net, realized in net income
(357
)
 
125

 
(232
)
Net unrealized gains (losses) related to investments
341,668

 
(119,584
)
 
222,084

Future policy benefits, DAC and VOBA adjustments
(84,015
)
 
29,405

 
(54,610
)
Net unrealized gains (losses)
257,653

 
(90,179
)
 
167,474

Employee benefit plan adjustment
4,292

 
(1,502
)
 
2,790

Other comprehensive income (loss)
$
261,945

 
$
(91,681
)
 
$
170,264

 
Six Months Ended June 30, 2016
 
Before-tax
 
Tax (expense)
 
Net-of-tax
 
amount
 
benefit
 
amount
Unrealized holding gains (losses), net, arising on fixed maturities, available-for-sale
$
839,740

 
$
(293,909
)
 
$
545,831

Unrealized holding gains (losses), net, arising on cash flow hedges
4,498

 
(1,574
)
 
2,924

Reclassification adjustment for (gains) losses, net, realized in net income
(51,091
)
 
17,882

 
(33,209
)
Net unrealized gains (losses) related to investments
793,147

 
(277,601
)
 
515,546

Future policy benefits, DAC and VOBA adjustments
(172,771
)
 
60,470

 
(112,301
)
Net unrealized gains (losses)
620,376

 
(217,131
)
 
403,245

Employee benefit plan adjustment
4,468

 
(1,564
)
 
2,904

Other comprehensive income (loss)
$
624,844

 
$
(218,695
)
 
$
406,149
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 June 30,
 
 
 
 
2017
 
2016
 
 
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
 
$
(2,406
)
 
$
(26,672
)
 
Other realized investment (gains) losses, net
 
 
(2,406
)
 
(26,672
)
 
Total before tax
 
 
(842
)
 
(9,335
)
 
Tax expense or benefit
 
 
$
(1,564
)
 
$
(17,337
)
 
Net of tax
 
 
 
 
 
 
 
Unrealized holding (gains) losses, net, arising on cash flow hedges
 
$
(213
)
 
$
(2,546
)
 
Net investment income
 
 
787

 
583

 
Interest Expense
 
 
574

 
(1,963
)
 
Total before tax
 
 
201

 
(687
)
 
Tax expense or benefit
 
 
$
373

 
$
(1,276
)
 
Net of tax
 
 
 
 
 
 
 
Amortization of employee benefit plan items
 
 
 
 
 
 
Prior service (benefits)
 
$
73

(1) 
$
(151
)
(1) 
 
Actuarial losses
 
2,073

(1) 
2,385

(1) 
 
 
 
2,146

 
2,234

 
Total before tax
 
 
751

 
782

 
Tax expense or benefit
 
 
$
1,395

 
$
1,452

 
Net of tax
 
 
 
 
 
 
 
Total reclassification
 
$
204

 
$
(17,161
)
 
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 9 for additional details).
 
 
Six Months Ended June 30,
 
 
 
 
2017
 
2016
 
 
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
 
$
511

 
$
(46,642
)
 
Other realized investment (gains) losses, net
 
 
511

 
(46,642
)
 
Total before tax
 
 
179

 
(16,325
)
 
Tax expense or benefit
 
 
$
332

 
$
(30,317
)
 
Net of tax
 
 
 
 
 
 
 
Unrealized holding (gains) losses, net, arising on cash flow hedges
 
$
(2,535
)
 
$
(5,032
)
 
Net investment income
 
 
1,667

 
583

 
Interest Expense
 
 
(868
)
 
(4,449
)
 
Total before tax
 
 
(304
)
 
(1,557
)
 
Tax expense or benefit
 
 
$
(564
)
 
$
(2,892
)
 
Net of tax
 
 
 
 
 
 
 
Amortization of employee benefit plan items
 
 
 
 
 
 
Prior service costs (benefits)
 
$
146

(1) 
$
(302
)
(1) 
 
Actuarial losses
 
4,146

(1) 
4,770

(1) 
 
 
 
4,292

 
4,468

 
Total before tax
 
 
1,502

 
1,564

 
Tax expense or benefit
 
 
$
2,790

 
$
2,904

 
Net of tax
 
 
 
 
 
 
 
Total reclassification
 
$
2,558

 
$
(30,305
)
 
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 9 for additional details).