XML 74 R62.htm IDEA: XBRL DOCUMENT v3.8.0.1
- SOI Fixed Maturity AFS and non-credit OTTI in AOCI (Details) - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Securities available-for-sale    
Amortized cost $ 22,762,962 $ 21,672,727
Fixed maturities, available-for-sale 23,593,139 22,153,703
Total fixed maturity investments    
Securities available-for-sale    
Amortized cost 22,762,962 21,672,727
Gross unrealized gains 973,941 871,205
Gross unrealized losses 143,764 390,229
Fixed maturities, available-for-sale 23,593,139 22,153,703
OTTI (gain) loss included in AOCI (57,893) [1] (73,929) [2]
U.S. government direct obligations and U.S. agencies    
Securities available-for-sale    
Amortized cost 1,837,748 3,022,279
Gross unrealized gains 41,777 47,791
Gross unrealized losses 7,883 34,958
Fixed maturities, available-for-sale 1,871,642 3,035,112
OTTI (gain) loss included in AOCI 0 [1] 0 [2]
Obligations of U.S. states and their subdivisions    
Securities available-for-sale    
Amortized cost 1,872,120 1,890,568
Gross unrealized gains 220,507 214,411
Gross unrealized losses 1,655 6,317
Fixed maturities, available-for-sale 2,090,972 2,098,662
OTTI (gain) loss included in AOCI 0 [1] 0 [2]
Corporate debt securities    
Securities available-for-sale    
Amortized cost 15,234,473 [3] 13,811,597 [4]
Gross unrealized gains 581,991 [3] 477,316 [4]
Gross unrealized losses 110,377 [3] 309,164 [4]
Fixed maturities, available-for-sale 15,706,087 [3] 13,979,749 [4]
OTTI (gain) loss included in AOCI (1,018) [1],[3] (1,488) [2],[4]
Asset-backed securities    
Securities available-for-sale    
Amortized cost 1,622,806 1,226,493
Gross unrealized gains 105,301 104,274
Gross unrealized losses 10,131 18,388
Fixed maturities, available-for-sale 1,717,976 1,312,379
OTTI (gain) loss included in AOCI (56,735) [1] (72,464) [2]
Residential mortgage-backed securities    
Securities available-for-sale    
Amortized cost 63,187 138,292
Gross unrealized gains 2,446 3,867
Gross unrealized losses 649 1,167
Fixed maturities, available-for-sale 64,984 140,992
OTTI (gain) loss included in AOCI (140) [1] 23 [2]
Commercial mortgage-backed securities    
Securities available-for-sale    
Amortized cost 1,352,906 1,222,257
Gross unrealized gains 17,692 23,207
Gross unrealized losses 12,989 20,182
Fixed maturities, available-for-sale 1,357,609 1,225,282
OTTI (gain) loss included in AOCI 0 [1] 0 [2]
Collateralized debt obligations    
Securities available-for-sale    
Amortized cost 779,722 361,241
Gross unrealized gains 4,227 339
Gross unrealized losses 80 53
Fixed maturities, available-for-sale 783,869 361,527
OTTI (gain) loss included in AOCI 0 [1] 0 [2]
Perpetual debt investments    
Securities available-for-sale    
Amortized cost 89,267 135,187
Fixed maturities, available-for-sale $ 87,348 $ 113,239
[1] Indicates the amount of any OTTI (gain) loss included in AOCI that is included in gross unrealized gains and losses. OTTI (gain) loss included in AOCI, as presented above, includes both the initial recognition of non-credit losses and the effects of subsequent increases and decreases in estimated fair value for those fixed maturity securities with previous non-credit impairment. The non-credit loss component of OTTI (gain) loss was in an unrealized gain position due to increases in estimated fair value subsequent to initial recognition of non-credit losses on such securities.
[2] Indicates the amount of any OTTI (gain) loss included in AOCI that is included in gross unrealized gains and losses. OTTI (gain) loss included in AOCI, as presented above, includes both the initial recognition of non-credit losses and the effects of subsequent increases and decreases in estimated fair value for those fixed maturity securities with previous non-credit impairment. The non-credit loss component of OTTI (gain) loss was in an unrealized gain position due to increases in estimated fair value subsequent to initial recognition of non-credit losses on such securities.
[3] Includes perpetual debt investments with amortized cost of $89,267 and estimated fair value of $87,348.
[4] Includes perpetual debt investments with amortized cost of $135,187 and estimated fair value of $113,239.