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Other Comprehensive Income (Tables)
 9 Months Ended
Sep. 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 September 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, July 1, 2017
$
550,776

 
$
50,132

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

Other comprehensive income (loss) before reclassifications
25,989

 
(15,022
)
 
(1,285
)
 
5,559

 
15,241

Amounts reclassified from AOCI
(1,630
)
 
(245
)
 
—

 
1,425

 
(450
)
Net current period other comprehensive income (loss)
24,359

 
(15,267
)
 
(1,285
)
 
6,984

 
14,791

Balances, September 30, 2017
$
575,135

 
$
34,865

 
$
(114,541
)
 
$
(74,529
)
 
$
420,930

 
 
Three Months Ended September 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, July 1, 2016
$
855,034

 
$
45,316

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

Other comprehensive income (loss) before reclassifications
36,302

 
(5,074
)
 
(11,839
)
 
—

 
19,389

Amounts reclassified from AOCI
(5,503
)
 
(1,182
)
 
—

 
1,621

 
(5,064
)
Net current period other comprehensive income (loss)
30,799

 
(6,256
)
 
(11,839
)
 
1,621

 
14,325

Balances, September 30, 2016
$
885,833

 
$
39,060

 
$
(189,925
)
 
$
(81,056
)
 
$
653,912

 
Nine Months Ended September 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
264,685

 
(31,402
)
 
(55,895
)
 
5,559

 
182,947

Amounts reclassified from AOCI
(1,298
)
 
(809
)
 
—

 
4,215

 
2,108

Net current period other comprehensive income (loss)
263,387

 
(32,211
)
 
(55,895
)
 
9,774

 
185,055

Balances, September 30, 2017
$
575,135

 
$
34,865

 
$
(114,541
)
 
$
(74,529
)
 
$
420,930

 
Nine Months Ended September 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
582,133

 
(2,150
)
 
(124,140
)
 
—

 
455,843

Amounts reclassified from AOCI
(35,820
)
 
(4,074
)
 
—

 
4,525

 
(35,369
)
Net current period other comprehensive income (loss)
546,313

 
(6,224
)
 
(124,140
)
 
4,525

 
420,474

Balances, September 30, 2016
$
885,833

 
$
39,060

 
$
(189,925
)
 
$
(81,056
)
 
$
653,912
Schedule of composition of other comprehensive income (loss)
The following tables present the composition of other comprehensive income (loss):
 
Three Months Ended September 30, 2017
 
Before-tax
 
Tax (expense)
 
Net-of-tax
 
amount
 
benefit
 
amount
Unrealized holding gains (losses), net, arising on fixed maturities, available-for-sale
$
39,983

 
$
(13,994
)
 
$
25,989

Unrealized holding gains (losses), net, arising on cash flow hedges
(23,111
)
 
8,089

 
(15,022
)
Reclassification adjustment for (gains) losses, net, realized in net income
(2,885
)
 
1,010

 
(1,875
)
Net unrealized gains (losses) related to investments
13,987

 
(4,895
)
 
9,092

Future policy benefits, DAC and VOBA adjustments
(1,977
)
 
692

 
(1,285
)
Net unrealized gains (losses)
12,010

 
(4,203
)
 
7,807

Employee benefit plan adjustment
10,744

 
(3,760
)
 
6,984

Other comprehensive income (loss)
$
22,754

 
$
(7,963
)
 
$
14,791


 
Three Months Ended September 30, 2016
 
Before-tax
 
Tax (expense)
 
Net-of-tax
 
amount
 
benefit
 
amount
Unrealized holding gains (losses), net, arising on fixed maturities, available-for-sale
$
55,849

 
$
(19,547
)
 
$
36,302

Unrealized holding gains (losses), net, arising on cash flow hedges
(7,805
)
 
2,731

 
(5,074
)
Reclassification adjustment for (gains) losses, net, realized in net income
(10,284
)
 
3,599

 
(6,685
)
Net unrealized gains (losses) related to investments
37,760

 
(13,217
)
 
24,543

Future policy benefits, DAC and VOBA adjustments
(18,214
)
 
6,375

 
(11,839
)
Net unrealized gains (losses)
19,546

 
(6,842
)
 
12,704

Employee benefit plan adjustment
2,494

 
(873
)
 
1,621

Other comprehensive income (loss)
$
22,040

 
$
(7,715
)
 
$
14,325

 
Nine Months Ended September 30, 2017
 
Before-tax
 
Tax (expense)
 
Net-of-tax
 
amount
 
benefit
 
amount
Unrealized holding gains (losses), net, arising on fixed maturities, available-for-sale
$
407,208

 
$
(142,523
)
 
$
264,685

Unrealized holding gains (losses), net, arising on cash flow hedges
(48,311
)
 
16,909

 
(31,402
)
Reclassification adjustment for (gains) losses, net, realized in net income
(3,242
)
 
1,135

 
(2,107
)
Net unrealized gains (losses) related to investments
355,655

 
(124,479
)
 
231,176

Future policy benefits, DAC and VOBA adjustments
(85,992
)
 
30,097

 
(55,895
)
Net unrealized gains (losses)
269,663

 
(94,382
)
 
175,281

Employee benefit plan adjustment
15,036

 
(5,262
)
 
9,774

Other comprehensive income (loss)
$
284,699

 
$
(99,644
)
 
$
185,055

 
Nine Months Ended September 30, 2016
 
Before-tax
 
Tax (expense)
 
Net-of-tax
 
amount
 
benefit
 
amount
Unrealized holding gains (losses), net, arising on fixed maturities, available-for-sale
$
895,589

 
$
(313,456
)
 
$
582,133

Unrealized holding gains (losses), net, arising on cash flow hedges
(3,307
)
 
1,157

 
(2,150
)
Reclassification adjustment for (gains) losses, net, realized in net income
(61,375
)
 
21,481

 
(39,894
)
Net unrealized gains (losses) related to investments
830,907

 
(290,818
)
 
540,089

Future policy benefits, DAC and VOBA adjustments
(190,985
)
 
66,845

 
(124,140
)
Net unrealized gains (losses)
639,922

 
(223,973
)
 
415,949

Employee benefit plan adjustment
6,962

 
(2,437
)
 
4,525

Other comprehensive income (loss)
$
646,884

 
$
(226,410
)
 
$
420,474
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 September 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
 
$
(2,508
)
 
$
(8,465
)
 
Other realized investment (gains) losses, net
 
 
(2,508
)
 
(8,465
)
 
Total before tax
 
 
(878
)
 
(2,962
)
 
Tax expense or benefit
 
 
$
(1,630
)
 
$
(5,503
)
 
Net of tax
 
 
 
 
 
 
 
Unrealized holding (gains) losses, net, arising on cash flow hedges
 
$
(1,067
)
 
$
(2,911
)
 
Net investment income
 
 
690

 
1,092

 
Interest Expense
 
 
(377
)
 
(1,819
)
 
Total before tax
 
 
(132
)
 
(637
)
 
Tax expense or benefit
 
 
$
(245
)
 
$
(1,182
)
 
Net of tax
 
 
 
 
 
 
 
Amortization of employee benefit plan items
 
 
 
 
 
 
Prior service (benefits)
 
$
(109
)
(1) 
$
(150
)
(1) 
 
Actuarial losses
 
2,302

(1) 
2,644

(1) 
 
 
 
2,193

 
2,494

 
Total before tax
 
 
768

 
873

 
Tax expense or benefit
 
 
$
1,425

 
$
1,621

 
Net of tax
 
 
 
 
 
 
 
Total reclassification
 
$
(450
)
 
$
(5,064
)
 
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).
 
 
Nine Months Ended September 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
 
$
(1,997
)
 
$
(55,107
)
 
Other realized investment (gains) losses, net
 
 
(1,997
)
 
(55,107
)
 
Total before tax
 
 
(699
)
 
(19,287
)
 
Tax expense or benefit
 
 
$
(1,298
)
 
$
(35,820
)
 
Net of tax
 
 
 
 
 
 
 
Unrealized holding (gains) losses, net, arising on cash flow hedges
 
$
(3,602
)
 
$
(7,943
)
 
Net investment income
 
 
2,357

 
1,675

 
Interest Expense
 
 
(1,245
)
 
(6,268
)
 
Total before tax
 
 
(436
)
 
(2,194
)
 
Tax expense or benefit
 
 
$
(809
)
 
$
(4,074
)
 
Net of tax
 
 
 
 
 
 
 
Amortization of employee benefit plan items
 
 
 
 
 
 
Prior service costs (benefits)
 
$
37

(1) 
$
(452
)
(1) 
 
Actuarial losses
 
6,448

(1) 
7,414

(1) 
 
 
 
6,485

 
6,962

 
Total before tax
 
 
2,270

 
2,437

 
Tax expense or benefit
 
 
$
4,215

 
$
4,525

 
Net of tax
 
 
 
 
 
 
 
Total reclassification
 
$
2,108

 
$
(35,369
)
 
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).