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Variable Contracts Containing Guaranteed Benefits (Tables)
6 Months Ended
Jun. 30, 2017
Insurance [Abstract]  
Changes in Variable Annuity Guaranteed Minimum Death Benefits, Guaranteed Minimum Income Benefits and Guaranteed Minimum Withdrawal Benefits Liabilities

The changes in the variable annuity GMDB, GMIB and GMWB liabilities for the three and six months ended June 30, 2017 and 2016 were as follows: 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

GMDB

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Guaranteed benefits incurred

 

$

 

5,696

 

 

$

 

6,486

 

 

$

 

11,665

 

 

$

 

12,866

 

Guaranteed benefits paid

 

 

 

(6,791

)

 

 

 

(7,184

)

 

 

 

(11,425

)

 

 

 

(13,298

)

Unlocking

 

 

 

(2,803

)

 

 

 

(2,630

)

 

 

 

(16,460

)

 

 

 

4,841

 

Total

 

$

 

(3,898

)

 

$

 

(3,328

)

 

$

 

(16,220

)

 

$

 

4,409

 

 

 

Three Months Ended

 

 

 

Six Months Ended

 

 

 

June 30,

 

 

 

June 30,

 

GMIB

 

2017

 

 

2016

 

 

 

2017

 

 

2016

 

Guaranteed benefits incurred

 

$

 

2,742

 

 

$

 

3,529

 

 

 

$

 

5,803

 

 

$

 

6,765

 

Guaranteed benefits paid

 

 

 

(724

)

 

 

 

(1,308

)

 

 

 

 

(2,018

)

 

 

 

(1,406

)

Unlocking

 

 

 

(5,346

)

 

 

 

(1,911

)

 

 

 

 

(18,451

)

 

 

 

5,180

 

Total

 

$

 

(3,328

)

 

$

 

310

 

 

 

$

 

(14,666

)

 

$

 

10,539

 

 

 

 

Three Months Ended

 

 

 

Six Months Ended

 

 

 

June 30,

 

 

 

June 30,

 

GMWB

 

2017

 

 

2016

 

 

 

2017

 

 

2016

 

Change in fair value reserves

 

 

 

1,093

 

 

 

 

10,426

 

 

 

 

 

(5,655

)

 

 

 

23,872

 

Total

 

$

 

1,093

 

 

$

 

10,426

 

 

 

$

 

(5,655

)

 

$

 

23,872