XML 39 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
Other Comprehensive Income (Tables)
 3 Months Ended
Mar. 31, 2018
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Schedule of accumulated balances for each classification of other comprehensive income (loss)
The following table presents the accumulated balances for each classification of other comprehensive income (loss):
 
 
Three Months Ended March 31, 2018

 
Unrealized holding gains (losses) arising on
fixed maturities, available-for-sale (1)
 
Unrealized holding gains (losses) arising on cash flow hedges (2)
 
Future policy benefits, DAC and VOBA adjustments
 
Employee benefit plan adjustment (3)
 
Total
Balances, January 1, 2018
 
$
544,887

 
$
103,529

 
$
(116,267
)
 
$
(91,192
)
 
$
440,957

Change in estimate of tax reform impact
 
108,846

 
(83,806
)
 
(25,040
)
 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
OCI before reclassifications
 
(459,680
)
 
(6,496
)
 
87,408

 
—

 
(378,768
)
Deferred income tax benefit (expense)
 
96,534

 
1,364

 
(18,356
)
 
—

 
79,542

AOCI before reclassification, net of tax
 
(363,146
)
 
(5,132
)
 
69,052

 
—

 
(299,226
)
Amounts reclassified from AOCI
 
(5,440
)
 
(147
)
 
—

 
580

 
(5,007
)
Deferred income tax benefit (expense)
 
1,142

 
31

 
—

 
(122
)
 
1,051

Amounts reclassified from AOCI, net of tax
 
(4,298
)
 
(116
)
 
—

 
458

 
(3,956
)
Balances, March 31, 2018
 
$
286,289

 
$
14,475

 
$
(72,255
)
 
$
(90,734
)
 
$
137,775

(1) Reclassifications affect investment gains (losses), net on the consolidated statements of income.
(2) Reclassifications affect net investment income on the consolidated statements of income, except for $255 (before tax) which affected interest expense for the three months ended March 31, 2018.
(3) The adjustments for defined benefit plans are included in the computation of net periodic (benefit) cost of employee benefit plans (see note 10 for additional details).

The following table presents the accumulated balances for each classification of other comprehensive income (loss):
 
 
Three Months Ended March 31, 2017
 
 
Unrealized holding gains (losses) arising on
fixed maturities, available-for-sale (1)
 
Unrealized holding gains (losses) arising on cash flow hedges (2)
 
Future policy benefits, DAC and VOBA adjustments
 
Employee benefit plan adjustment (3)
 
Total
Balances, January 1, 2017
 
$
311,748

 
$
67,076

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

OCI before reclassifications
 
130,229

 
(6,955
)
 
(28,466
)
 
—

 
94,808

Deferred income tax benefit (expense)
 
(45,580
)
 
2,434

 
9,963

 
—

 
(33,183
)
AOCI before reclassification, net of tax
 
84,649

 
(4,521
)
 
(18,503
)
 
—

 
61,625

Amounts reclassified from AOCI
 
2,917

 
(1,442
)
 
—

 
2,146

 
3,621

Deferred income tax benefit (expense)
 
(1,021
)
 
505

 
—

 
(751
)
 
(1,267
)
Amounts reclassified from AOCI, net of tax
 
1,896

 
(937
)
 
—

 
1,395

 
2,354

Balances, March 31, 2017
 
$
398,293

 
$
61,618

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

(1) Reclassifications affect investment gains(losses), net on the consolidated statements of income.
(2) Reclassifications affect net investment income on the consolidated statements of income, except for $880 (before tax) which affected interest expense for the three months ended March 31, 2017.
(3) The adjustments for defined benefit plans are included in the computation of net periodic (benefit) cost of employee benefit plans (see note 10 for additional details).