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Equity
 12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Equity
EQUITY

Accumulated Other Comprehensive Income (Loss)

The balance of and changes in each component of “Accumulated other comprehensive income (loss)” for the years ended December 31, were as follows:
 
 
Accumulated Other Comprehensive Income (Loss)
 
 
Foreign Currency
Translation
Adjustment
 
Net Unrealized
Investment Gains
(Losses)(1)
 
Total Accumulated
Other
Comprehensive
Income (Loss)
 
 
(in thousands)
Balance, December 31, 2013
 
$
403

 
$
56,243

 
$
56,646

Change in other comprehensive income before reclassifications
 
(723
)
 
207,134

 
206,411

Amounts reclassified from AOCI
 
0

 
(18,649
)
 
(18,649
)
Income tax benefit (expense)
 
253

 
(65,970
)
 
(65,717
)
Balance, December 31, 2014
 
$
(67
)
 
$
178,758

 
$
178,691

Change in other comprehensive income before reclassifications
 
(507
)
 
(164,799
)
 
(165,306
)
Amounts reclassified from AOCI
 
0

 
(9,902
)
 
(9,902
)
Income tax benefit (expense)
 
177

 
61,145

 
61,322

Balance, December 31, 2015
 
$
(397
)
 
$
65,202

 
$
64,805

Change in other comprehensive income before reclassifications
 
(8
)
 
74,040

 
74,032

Amounts reclassified from AOCI
 
0

 
(64,540
)
 
(64,540
)
Income tax benefit (expense)
 
3

 
(3,325
)
 
(3,322
)
Balance, December 31, 2016
 
$
(402
)
 
$
71,377

 
$
70,975


(1)
Includes cash flow hedges of $41 million, $48 million, and $12 million as of December 31, 2016, 2015 and 2014, respectively.

Reclassifications out of Accumulated Other Comprehensive Income (Loss) 
 
 
Year Ended
December 31, 2016
 
Year Ended
December 31, 2015
 
Year Ended
December 31, 2014
 
 
(in thousands)
Amounts reclassified from AOCI (1)(2):
 
 
 
 
 
 
Net unrealized investment gains (losses):
 
 
 
 
 
 
Cash flow hedges—Currency/Interest rate(3)
 
$
7,915

 
$
4,286

 
$
6,594

Net unrealized investment gains (losses) on available-for-sale securities(4)
 
56,625

 
5,616

 
12,055

Total net unrealized investment gains (losses)
 
64,540

 
9,902

 
18,649

Total reclassifications for the period
 
$
64,540

 
$
9,902

 
$
18,649


(1)
All amounts are shown before tax.
(2)
Positive amounts indicate gains/benefits reclassified out of AOCI. Negative amounts indicate losses/costs reclassified out of AOCI.
(3)
See Note 10 for additional information on cash flow hedges.
(4)
See table below for additional information on unrealized investment gains (losses), including the impact on deferred policy acquisition and other costs, future policy benefits and policyholders’ account balances.

Net Unrealized Investment Gains (Losses)

Net unrealized investment gains and losses on securities classified as available-for-sale and certain other long-term investments and other assets are included in the Company’s Consolidated Statements of Financial Position as a component of AOCI. Changes in these amounts include reclassification adjustments to exclude from “Other comprehensive income (loss)” those items that are included as part of “Net income” for a period that had been part of “Other comprehensive income (loss)” in earlier periods. The amounts for the periods indicated below, split between amounts related to fixed maturity securities on which an OTTI loss has been recognized, and all other net unrealized investment gains and losses, are as follows:
Net Unrealized Investment Gains and Losses on Fixed Maturity Securities on which an OTTI loss has been recognized 
 
 
Net Unrealized
Gains (Losses)
on Investments
 
Deferred
Policy
Acquisition
Costs and
Other Costs
 
Future Policy
Benefits and Policyholders' Account Balances(2)
 
Deferred
Income Tax
(Liability)
Benefit
 
Accumulated
Other
Comprehensive
Income (Loss)
Related To Net
Unrealized
Investment
Gains (Losses)
 
 
(in thousands)
Balance, December 31, 2013
 
$
4,498

 
$
(3,324
)
 
$
1,819

 
$
(1,079
)
 
$
1,914

Net investment gains (losses) on investments arising during the period
 
996

 
0

 
0

 
(348
)
 
648

Reclassification adjustment for (gains) losses included in net income
 
(161
)
 
0

 
0

 
56

 
(105
)
Reclassification adjustment for OTTI losses excluded from net income(1)
 
0

 
0

 
0

 
0

 
0

Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs
 
0

 
786

 
0

 
(275
)
 
511

Impact of net unrealized investment (gains) losses on future policy benefits
 
0

 
0

 
(591
)
 
206

 
(385
)
Balance, December 31, 2014
 
$
5,333

 
$
(2,538
)
 
$
1,228

 
$
(1,440
)
 
$
2,583

Net investment gains (losses) on investments arising during the period
 
107

 
0

 
0

 
(37
)
 
70

Reclassification adjustment for (gains) losses included in net income
 
(251
)
 
0

 
0

 
88

 
(163
)
Reclassification adjustment for OTTI losses excluded from net income(1)
 
7

 
0

 
0

 
(2
)
 
5

Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs
 
0

 
1,188

 
0

 
(416
)
 
772

Impact of net unrealized investment (gains) losses on future policy benefits
 
0

 
0

 
(114
)
 
40

 
(74
)
Balance, December 31, 2015
 
$
5,196

 
$
(1,350
)
 
$
1,114

 
$
(1,767
)
 
$
3,193

Net investment gains (losses) on investments arising during the period
 
1,238

 
0

 
0

 
(433
)
 
805

Reclassification adjustment for (gains) losses included in net income
 
(1,107
)
 
0

 
0

 
387

 
(720
)
Reclassification adjustment for OTTI losses excluded from net income(1)
 
(444
)
 
0

 
0

 
155

 
(289
)
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs
 
0

 
(209
)
 
0

 
73

 
(136
)
Impact of net unrealized investment (gains) losses on future policy benefits
 
0

 
0

 
165

 
(58
)
 
107

Balance, December 31, 2016
 
$
4,883

 
$
(1,559
)
 
$
1,279

 
$
(1,643
)
 
$
2,960


(1)
Represents "transfers in" related to the portion of OTTI losses recognized during the period that were not recognized in earnings for securities with no prior OTTI loss.
(2)
Balances are net of reinsurance.

All Other Net Unrealized Investment Gains and Losses in AOCI 
 
 
Net Unrealized
Gains (Losses)
on
Investments(2)
 
Deferred
Policy
Acquisition
Costs and
Other Costs
 
Future Policy
Benefits and Policyholders' Account Balances(3)
 
Deferred
Income Tax
(Liability)
Benefit
 
Accumulated
Other
Comprehensive
Income (Loss)
Related To Net
Unrealized
Investment
Gains (Losses)
 
 
(in thousands)
Balance, December 31, 2013
 
$
123,153

 
$
(43,030
)
 
$
3,293

 
$
(29,087
)
 
$
54,329

Net investment gains (losses) on investments arising during the period
 
239,912

 
0

 
0

 
(83,969
)
 
155,943

Reclassification adjustment for (gains) losses included in net income
 
(18,488
)
 
0

 
0

 
6,471

 
(12,017
)
Reclassification adjustment for OTTI losses excluded from net income(1)
 
0

 
0

 
0

 
0

 
0

Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs
 
0

 
(69,799
)
 
0

 
24,430

 
(45,369
)
Impact of net unrealized investment (gains) losses on future policy benefits
 
0

 
0

 
35,829

 
(12,540
)
 
23,289

Balance, December 31, 2014
 
$
344,577

 
$
(112,829
)
 
$
39,122

 
$
(94,695
)
 
$
176,175

Net investment gains (losses) on investments arising during the period
 
(223,082
)
 
0

 
0

 
78,078

 
(145,004
)
Reclassification adjustment for (gains) losses included in net income
 
(9,651
)
 
0

 
0

 
3,378

 
(6,273
)
Reclassification adjustment for OTTI losses excluded from net income(1)
 
(7
)
 
0

 
0

 
2

 
(5
)
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs
 
0

 
93,577

 
0

 
(32,752
)
 
60,825

Impact of net unrealized investment (gains) losses on future policy benefits
 
0

 
0

 
(36,475
)
 
12,766

 
(23,709
)
Balance, December 31, 2015
 
$
111,837

 
$
(19,252
)
 
$
2,647

 
$
(33,223
)
 
$
62,009

Net investment gains (losses) on investments arising during the period
 
(70,379
)
 
0

 
0

 
24,633

 
(45,746
)
Reclassification adjustment for (gains) losses included in net income
 
65,647

 
0

 
0

 
(22,976
)
 
42,671

Reclassification adjustment for OTTI losses excluded from net income(1)
 
444

 
0

 
0

 
(155
)
 
289

Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs
 
0

 
2,017

 
0

 
(706
)
 
1,311

Impact of net unrealized investment (gains) losses on future policy benefits
 
0

 
0

 
12,127

 
(4,244
)
 
7,883

Balance, December 31, 2016
 
$
107,549

 
$
(17,235
)
 
$
14,774

 
$
(36,671
)
 
$
68,417


(1)
Represents "transfers out" related to the portion of OTTI losses recognized during the period that were not recognized in earnings for securities with no prior OTTI loss.
(2)
Includes cash flow hedges. See Note 10 for information on cash flow hedges.
(3)
Balances are net of reinsurance.