Accumulated Other Comprehensive Income ("AOCI") (Tables)

6 Months Ended

Jun. 30, 2016

Accumulated Other Comprehensive Income

The following table presents the change in AOCI by component for the three and six months ended June 30, 2016 and 2015:

	Three Months Ended June 30, 2016
	Unrealized Holding Gains (Losses) on AFS Securities			Unrealized Holding Gains (Losses) on Cash Flow Hedges			OCI Adjustments for Policy holder liabilities, VOBA, and Deferred  Tax			Total (a)
Beginning balance	$	141,722		$	2,855		$	(48,242	)	$	96,335
OCI before reclassifications		40,786			1,290			(7,318	)		34,758
Amounts reclassified from AOCI		68			513			-			581
Net current period OCI	$	40,854		$	1,803		$	(7,318	)	$	35,339
Ending balance	$	182,576		$	4,658		$	(55,560	)	$	131,674
	Six Months Ended June 30, 2016
	Unrealized Holding Gains (Losses) on AFS Securities			Unrealized Holding Gains (Losses) on Cash Flow Hedges			OCI Adjustments for Policy holder liabilities, VOBA, and Deferred Tax			Total (a)
Beginning balance	$	95,533		$	4,202		$	(43,144	)	$	56,591
OCI before reclassifications		88,654			140			(12,416	)		76,378
Amounts reclassified from AOCI		(1,611	)		316			-			(1,295	)
Net current period OCI	$	87,043		$	456		$	(12,416	)	$	75,083
Ending balance	$	182,576		$	4,658		$	(55,560	)	$	131,674
	Three Months Ended June 30, 2015
	Unrealized Holding Gains (Losses) on AFS Securities			Unrealized Holding Gains (Losses) on Cash Flow Hedges			OCI Adjustments for Policy holder liabilities, VOBA, and Deferred Tax			Total (a)
Beginning balance	$	191,016		$	2,584		$	(60,437	)	$	133,163
OCI before reclassifications		(68,286	)		(362	)		8,881			(59,767	)
Amounts reclassified from AOCI		60			626						686
Net current period OCI	$	(68,226	)	$	264		$	8,881		$	(59,081	)
Ending balance	$	122,790		$	2,848		$	(51,556	)	$	74,082
	Six Months Ended June 30, 2015
	Unrealized Holding Gains (Losses) on AFS Securities			Unrealized Holding Gains (Losses) on Cash Flow Hedges			OCI Adjustments for Policy holder liabilities, VOBA, and Deferred Tax			Total (a)
Beginning balance	$	164,221		$	2,296		$	(57,275	)	$	109,242
OCI before reclassifications		(42,653	)		726			5,719			(36,208	)
Amounts reclassified from AOCI		1,222			(174	)					1,048
Net current period OCI	$	(41,431	)	$	552		$	5,719		$	(35,160	)
Ending balance	$	122,790		$	2,848		$	(51,556	)	$	74,082

(a) All amounts are net of tax.

Reclassifications out of Accumulated Other Comprehensive Income

The following table presents the reclassifications out of accumulated other comprehensive income for the three and six months ended June 30, 2016 and 2015:

	Three Months Ended June 30, 2016			Six Months Ended June 30, 2016
AOCI Components	Amount Reclassified from AOCI			Amount Reclassified from AOCI			Affected Line Item in the Statement Where Net Income is Presented
Unrealized holding gains (losses) on AFS securities
Available-for-sale securities	$	(68	)	$	1,732		Net realized investment gains (losses)
		-			(121	)	Portion of OTTI previously recognized in OCI
	$	(68	)	$	1,611		Total before tax
		-			-		Tax expense (benefit)
	$	(68	)	$	1,611		Net of tax
Unrealized holding losses on cash flow hedges
Interest rate swaps	$	(513	)	$	(316	)	Net investment income
	$	(513	)	$	(316	)	Total before tax
		-			-		Tax expense (benefit)
	$	(513	)	$	(316	)	Net of tax
Total amounts reclassified from AOCI	$	(581	)	$	1,295
	Three Months Ended June 30, 2015			Six Months Ended June 30, 2015
AOCI Components	Amount Reclassified from AOCI			Amount Reclassified from AOCI			Affected Line Item in the Statement Where Net Income is Presented
Unrealized holding gains (losses) on AFS securities
Available-for-sale securities	$	42		$	(1,120	)	Net realized investment gains (losses)
		(102	)		(102	)	Portion of OTTI previously recognized in OCI
	$	(60	)	$	(1,222	)	Total before tax
		-			-		Tax expense (benefit)
	$	(60	)	$	(1,222	)	Net of tax
Unrealized holding losses on cash flow hedges
Interest rate swaps	$	(626	)	$	174		Net investment income
	$	(626	)	$	174		Total before tax
		-			-		Tax expense (benefit)
	$	(626	)	$	174		Net of tax
Total amounts reclassified from AOCI	$	(686	)	$	(1,048	)