XML 61 R50.htm IDEA: XBRL DOCUMENT v3.20.2
Fair Value of Assets and Liabilities (Balances of Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale $ 6,106,322 $ 5,681,970
Fixed maturities, trading 56,707 59,964
Equity securities 9,559 10,494
Other invested assets 468,005 429,558
Reinsurance recoverables 52,917,099 [1] 40,710,159
Receivables from parent and affiliates 297,911 271,981
Separate account assets 130,903,117 138,387,772
TOTAL ASSETS 196,862,729 191,158,387
Future policy benefits 37,371,656 [1] 25,258,673
Payables to parent and affiliates 88,384 216,842
Total liabilities 193,272,217 188,143,360
Future policy benefits    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Embedded Derivative, Fair Value of Embedded Derivative, Net Liability 19,014,000 8,530,000
Embedded Derivative, Fair Value of Embedded Derivative Gross Asset 236,000 611,000
Embedded Derivative, Fair Value of Embedded Derivative Gross Liability 19,250,000 9,141,000
Fair Value, Measurements, Recurring    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 6,106,322 5,681,970
Fixed maturities, trading 56,707 59,964
Equity securities 9,559 10,494
Short-term Investments 101,967 0
Cash equivalents 545,592 547,642
Other invested assets 35,759 12,548
Reinsurance recoverables 19,028,138 8,539,671
Receivables from parent and affiliates 120,138 122,566
Subtotal excluding separate account assets 26,004,182 14,974,855
Separate account assets 126,304,403 133,625,669
TOTAL ASSETS 152,308,585 148,600,524
Future policy benefits 19,014,066 8,529,566
Policyholders’ account balances 1,045,483 962,351
Payables to parent and affiliates 0 0
Total liabilities 20,059,549 9,491,917
Asset Netting (281,406) (239,220)
Liability Netting (74,351) (97,802)
Netting (207,100) (141,400)
Fair Value, Measurements, Recurring | Other invested assets    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Asset Netting (281,406) (239,220)
Fair Value, Measurements, Recurring | Payables to parent and affiliates    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Liability Netting (74,351) (97,802)
Fair Value, Measurements, Recurring | U.S. Treasury securities and obligations of U.S. government authorities and agencies    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 128,442 86,468
Fair Value, Measurements, Recurring | Obligations of U.S. states and their political subdivisions    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 512,875 497,827
Fair Value, Measurements, Recurring | Foreign government bonds    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 223,283 222,826
Fair Value, Measurements, Recurring | U.S. corporate public securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 2,394,774 2,141,327
Fair Value, Measurements, Recurring | U.S. corporate private securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 962,753 929,772
Fair Value, Measurements, Recurring | Foreign corporate public securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 251,658 278,616
Fair Value, Measurements, Recurring | Foreign corporate private securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 974,833 958,478
Fair Value, Measurements, Recurring | Asset-backed securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 120,890 119,936
Fair Value, Measurements, Recurring | Commercial mortgage-backed securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 472,524 382,916
Fair Value, Measurements, Recurring | Residential mortgage-backed securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 64,290 63,804
Fair Value, Measurements, Recurring | Level 1    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fixed maturities, trading 0 0
Equity securities 108 131
Short-term Investments 99,980 0
Cash equivalents 364,949 0
Other invested assets 0 0
Reinsurance recoverables 0 0
Receivables from parent and affiliates 0 0
Subtotal excluding separate account assets 465,037 131
Separate account assets 0 0
TOTAL ASSETS 465,037 131
Future policy benefits 0 0
Policyholders’ account balances 0 0
Payables to parent and affiliates 0 0
Total liabilities 0 0
Fair Value, Measurements, Recurring | Level 1 | U.S. Treasury securities and obligations of U.S. government authorities and agencies    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 1 | Obligations of U.S. states and their political subdivisions    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 1 | Foreign government bonds    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 1 | U.S. corporate public securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 1 | U.S. corporate private securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 1 | Foreign corporate public securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 1 | Foreign corporate private securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 1 | Asset-backed securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 1 | Commercial mortgage-backed securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 1 | Residential mortgage-backed securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 2    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 5,902,890 5,591,052
Fixed maturities, trading 56,063 59,296
Equity securities 301 465
Short-term Investments 1,987 0
Cash equivalents 180,643 547,642
Other invested assets 317,165 251,764
Reinsurance recoverables 0 0
Receivables from parent and affiliates 120,138 119,431
Subtotal excluding separate account assets 6,579,187 6,569,650
Separate account assets 126,304,403 133,625,669
TOTAL ASSETS 132,883,590 140,195,319
Future policy benefits 0 0
Policyholders’ account balances 0 0
Payables to parent and affiliates 74,351 97,802
Total liabilities 74,351 97,802
Fair Value, Measurements, Recurring | Level 2 | U.S. Treasury securities and obligations of U.S. government authorities and agencies    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 83,650 47,797
Fair Value, Measurements, Recurring | Level 2 | Obligations of U.S. states and their political subdivisions    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 512,875 497,827
Fair Value, Measurements, Recurring | Level 2 | Foreign government bonds    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 223,122 222,663
Fair Value, Measurements, Recurring | Level 2 | U.S. corporate public securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 2,394,770 2,141,324
Fair Value, Measurements, Recurring | Level 2 | U.S. corporate private securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 926,773 893,943
Fair Value, Measurements, Recurring | Level 2 | Foreign corporate public securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 242,461 278,435
Fair Value, Measurements, Recurring | Level 2 | Foreign corporate private securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 863,042 944,408
Fair Value, Measurements, Recurring | Level 2 | Asset-backed securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 119,383 117,935
Fair Value, Measurements, Recurring | Level 2 | Commercial mortgage-backed securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 472,524 382,916
Fair Value, Measurements, Recurring | Level 2 | Residential mortgage-backed securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 64,290 63,804
Fair Value, Measurements, Recurring | Level 3    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 203,432 90,918
Fixed maturities, trading 644 668
Equity securities 9,150 9,898
Short-term Investments 0 0
Cash equivalents 0 0
Other invested assets 0 4
Reinsurance recoverables 19,028,138 8,539,671
Receivables from parent and affiliates 0 3,135
Subtotal excluding separate account assets 19,241,364 8,644,294
Separate account assets 0 0
TOTAL ASSETS 19,241,364 8,644,294
Future policy benefits 19,014,066 8,529,566
Policyholders’ account balances 1,045,483 962,351
Payables to parent and affiliates 0 0
Total liabilities 20,059,549 9,491,917
Fair Value, Measurements, Recurring | Level 3 | U.S. Treasury securities and obligations of U.S. government authorities and agencies    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 44,792 38,671
Fair Value, Measurements, Recurring | Level 3 | Obligations of U.S. states and their political subdivisions    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 3 | Foreign government bonds    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 161 163
Fair Value, Measurements, Recurring | Level 3 | U.S. corporate public securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 4 3
Fair Value, Measurements, Recurring | Level 3 | U.S. corporate private securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 35,980 35,829
Fair Value, Measurements, Recurring | Level 3 | Foreign corporate public securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 9,197 181
Fair Value, Measurements, Recurring | Level 3 | Foreign corporate private securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 111,791 14,070
Fair Value, Measurements, Recurring | Level 3 | Asset-backed securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 1,507 2,001
Fair Value, Measurements, Recurring | Level 3 | Commercial mortgage-backed securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Fair Value, Measurements, Recurring | Level 3 | Residential mortgage-backed securities    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fixed maturities, available-for-sale 0 0
Other invested assets    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fair value investment measured at NAV per share 71,000 75,000
Separate Account Assets    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Fair value investment measured at NAV per share $ 4,599,000 $ 4,762,000
[1] June 30, 2020 amounts include the impacts of the January 1, 2020 adoption of ASU 2016-13. See Note 2 for details.