XML 83 R72.htm IDEA: XBRL DOCUMENT v3.10.0.1
Revision to Prior Year Information (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
ASSETS          
Reinsurance recoverables $ 31,430,148   $ 31,430,148   $ 32,521,264
TOTAL ASSETS 172,561,326   172,561,326   172,425,340
LIABILITIES          
Future policy benefits 16,498,119   16,498,119   18,561,550
Income taxes payable 0   0   36,323
Other liabilities 1,084,739   1,084,739   1,038,972
TOTAL LIABILITIES 169,862,932   169,862,932   169,590,092
EQUITY          
Retained earnings 1,570,052   1,570,052   1,526,310
TOTAL EQUITY 2,698,394   2,698,394   2,835,248
TOTAL LIABILITIES AND EQUITY 172,561,326   172,561,326   172,425,340
REVENUES          
Policy charges and fee income 106,926 $ 129,105 405,085 $ 140,940  
TOTAL REVENUES 183,330 (21,860) 620,330 476,178  
BENEFITS AND EXPENSES          
Policyholders’ benefits 9,823 54,944 102,000 (58,235)  
TOTAL BENEFITS AND EXPENSES 166,760 193,996 571,210 335,403  
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURE 16,570 (215,856) 49,120 140,775  
Income tax expense (benefit) (2,760) (38,660) (18,471) (69,098)  
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE 19,330 (177,196) 67,591 209,873  
Net income (loss) 18,725 (177,196) 66,255 209,873  
COMPREHENSIVE INCOME (LOSS) (11,700) (183,651) (148,751) 287,571  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 18,725 (177,196) 66,255 209,873  
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income (loss) 18,725 (177,196) 66,255 209,873  
Policy charges and fee income     (97,276) (124,187)  
Future policy benefits     1,392,199 1,455,418  
Reinsurance recoverables     (1,304,316) (1,564,329)  
Income taxes     10,708 53,472  
Other, net     (70,025) 90,529  
Cash flows from (used in) operating activities     19,415 85,494  
As previously reported          
ASSETS          
Reinsurance recoverables         32,555,500
TOTAL ASSETS         172,459,576
LIABILITIES          
Future policy benefits         18,593,130
Income taxes payable         32,440
Other liabilities         1,060,123
TOTAL LIABILITIES         169,638,940
EQUITY          
Retained earnings         1,511,698
TOTAL EQUITY         2,820,636
TOTAL LIABILITIES AND EQUITY         172,459,576
REVENUES          
Policy charges and fee income   126,709   122,186  
TOTAL REVENUES   (24,256)   457,424  
BENEFITS AND EXPENSES          
Policyholders’ benefits   54,637   (77,893)  
TOTAL BENEFITS AND EXPENSES   193,689   315,745  
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURE   (217,945)   141,679  
Income tax expense (benefit)   (39,449)   (69,061)  
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE   (178,496)   210,740  
Net income (loss)   (178,496)   210,740  
COMPREHENSIVE INCOME (LOSS)   (184,951)   288,438  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss)   (178,496)   210,740  
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income (loss)   (178,496)   210,740  
Future policy benefits       1,466,123  
Reinsurance recoverables       (1,594,691)  
Income taxes       53,508  
Other, net       109,283  
Cash flows from (used in) operating activities       85,494  
Revision          
ASSETS          
Reinsurance recoverables         (34,236)
TOTAL ASSETS         (34,236)
LIABILITIES          
Future policy benefits         (31,580)
Income taxes payable         3,883
Other liabilities         (21,151)
TOTAL LIABILITIES         (48,848)
EQUITY          
Retained earnings         14,612
TOTAL EQUITY         14,612
TOTAL LIABILITIES AND EQUITY         $ (34,236)
REVENUES          
Policy charges and fee income   2,396   18,754  
TOTAL REVENUES   2,396   18,754  
BENEFITS AND EXPENSES          
Policyholders’ benefits   307   19,658  
TOTAL BENEFITS AND EXPENSES   307   19,658  
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURE   2,089   (904)  
Income tax expense (benefit)   789   (37)  
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE   1,300   (867)  
Net income (loss)   1,300   (867)  
COMPREHENSIVE INCOME (LOSS)   1,300   (867)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss)   1,300   (867)  
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income (loss)   1,300   (867)  
Future policy benefits       (10,705)  
Reinsurance recoverables       30,362  
Income taxes       (36)  
Other, net       (18,754)  
Cash flows from (used in) operating activities       0  
Retained Earnings          
BENEFITS AND EXPENSES          
Net income (loss)     66,255 209,873  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Beginning Balance     1,526,310 1,448,517  
Net income (loss)     66,255 209,873  
Ending Balance 1,570,052 1,658,390 1,570,052 1,658,390  
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income (loss)     66,255 209,873  
Retained Earnings | As previously reported          
BENEFITS AND EXPENSES          
Net income (loss)       210,740  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Beginning Balance     1,511,698 1,437,266  
Net income (loss)       210,740  
Ending Balance   1,648,006   1,648,006  
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income (loss)       210,740  
Retained Earnings | Revision          
BENEFITS AND EXPENSES          
Net income (loss)       (867)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Beginning Balance     14,612 11,251  
Net income (loss)       (867)  
Ending Balance   10,384   10,384  
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income (loss)       (867)  
Total Equity          
BENEFITS AND EXPENSES          
Net income (loss)     66,255 209,873  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Beginning Balance     2,835,248 2,508,054  
Net income (loss)     66,255 209,873  
Total comprehensive income (loss)     (148,751) 287,571  
Ending Balance $ 2,698,394 2,950,000 2,698,394 2,950,000  
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income (loss)     66,255 209,873  
Total Equity | As previously reported          
BENEFITS AND EXPENSES          
Net income (loss)       210,740  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Beginning Balance     2,820,636 2,496,803  
Net income (loss)       210,740  
Total comprehensive income (loss)       288,438  
Ending Balance   2,939,616   2,939,616  
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income (loss)       210,740  
Total Equity | Revision          
BENEFITS AND EXPENSES          
Net income (loss)       (867)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Beginning Balance     $ 14,612 11,251  
Net income (loss)       (867)  
Total comprehensive income (loss)       (867)  
Ending Balance   $ 10,384   10,384  
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income (loss)       $ (867)