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Revision to Prior Year Information (Tables)
 9 Months Ended
Sep. 30, 2018
Prior Period Adjustment [Abstract]  
Revisions to 2017 Consolidated Financial Statements
The following are selected line items from the consolidated financial statements illustrating the effects of these revisions:

Consolidated Statements of Financial Position
 
December 31, 2017
 
As Previously Reported
 
Revision
 
As Revised
 
(in thousands)
ASSETS
 
 
 
 
 
Reinsurance recoverables
$
32,555,500

 
$
(34,236
)
 
$
32,521,264

TOTAL ASSETS
172,459,576

 
(34,236
)
 
172,425,340

LIABILITIES AND EQUITY
 
 
 
 
 
LIABILITIES
 
 
 
 
 
Future policy benefits
$
18,593,130

 
$
(31,580
)
 
$
18,561,550

Income taxes
32,440

 
3,883

 
36,323

Other liabilities
1,060,123

 
(21,151
)
 
1,038,972

TOTAL LIABILITIES
169,638,940

 
(48,848
)
 
169,590,092

EQUITY
 
 
 
 
 
Retained earnings
1,511,698

 
14,612

 
1,526,310

TOTAL EQUITY
2,820,636

 
14,612

 
2,835,248

TOTAL LIABILITIES AND EQUITY
172,459,576

 
(34,236
)
 
172,425,340

Consolidated Statements of Operations and Comprehensive Income (Loss)
 
Three Months Ended September 30, 2017
 
Nine Months Ended September 30, 2017
 
As Previously Reported
 
Revision
 
As Revised
 
As Previously Reported
 
Revision
 
As Revised
 
(in thousands)
REVENUES
 
 
 
 
 
 
 
 
 
 
 
Policy charges and fee income
$
126,709

 
$
2,396

 
$
129,105

 
$
122,186

 
$
18,754

 
$
140,940

TOTAL REVENUES
(24,256
)
 
2,396

 
(21,860
)
 
457,424

 
18,754

 
476,178

BENEFITS AND EXPENSES
 
 
 
 
 
 
 
 
 
 
 
Policyholders' benefits
54,637

 
307

 
54,944

 
(77,893
)
 
19,658

 
(58,235
)
TOTAL BENEFITS AND EXPENSES
193,689

 
307

 
193,996

 
315,745

 
19,658

 
335,403

INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURE
(217,945
)
 
2,089

 
(215,856
)
 
141,679

 
(904
)
 
140,775

Income tax expense (benefit)
(39,449
)
 
789

 
(38,660
)
 
(69,061
)
 
(37
)
 
(69,098
)
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE
(178,496
)
 
1,300

 
(177,196
)
 
210,740

 
(867
)
 
209,873

NET INCOME (LOSS)
(178,496
)
 
1,300

 
(177,196
)
 
210,740

 
(867
)
 
209,873

COMPREHENSIVE INCOME (LOSS)
(184,951
)
 
1,300

 
(183,651
)
 
288,438

 
(867
)
 
287,571


Consolidated Statements of Equity
 
Retained Earnings
 
Total Equity
 
As Previously Reported
 
Revision
 
As Revised
 
As Previously Reported
 
Revision
 
As Revised
 
(in thousands)
Balance, December 31, 2017
$
1,511,698

 
$
14,612

 
$
1,526,310

 
$
2,820,636

 
$
14,612

 
$
2,835,248

 
Retained Earnings
 
Total Equity
 
As Previously Reported
 
Revision
 
As Revised
 
As Previously Reported
 
Revision
 
As Revised
 
(in thousands)
Balance, December 31, 2016
$
1,437,266

 
$
11,251

 
$
1,448,517

 
$
2,496,803

 
$
11,251

 
$
2,508,054

Comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
210,740

 
(867
)
 
209,873

 
210,740

 
(867
)
 
209,873

Total comprehensive income (loss)
 
 
 
 
 
 
288,438

 
(867
)
 
287,571

Balance, September 30, 2017
1,648,006

 
10,384

 
1,658,390

 
2,939,616

 
10,384

 
2,950,000


Consolidated Statements of Cash Flows
 
Nine Months Ended September 30, 2017
 
As Previously Reported
 
Revision
 
As Revised
 
(in thousands)
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES:
 
 
 
 
 
Net income (loss)
$
210,740

 
$
(867
)
 
$
209,873

Future policy benefits
1,466,123

 
(10,705
)
 
1,455,418

Reinsurance recoverables
(1,594,691
)
 
30,362

 
(1,564,329
)
Income taxes
53,508

 
(36
)
 
53,472

Other, net
109,283

 
(18,754
)
 
90,529

Cash flows from (used in) operating activities
85,494

 
0

 
85,494