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Accumulated Other Comprehensive Income (Tables)
 9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Accumulated Other Comprehensive Income

The changes in AOCI by component for the three and nine months ended September 30, 2017 and 2016 were as follows:

 

 

 

Three Months Ended September 30, 2017

 

 

 

Unrealized Holding

 

 

Unrealized Holding

 

 

OCI Adjustments for

 

 

Total Accumulated

 

 

 

Gains (Losses) on

 

 

Gains (Losses) on

 

 

Policyholder liabilities,

 

 

Other Comprehensive

 

 

 

AFS Securities

 

 

Cash Flow Hedges

 

 

VOBA, and Deferred Tax

 

 

Income (Loss)

 

Beginning balance

 

$

 

129,575

 

 

$

 

2,086

 

 

$

 

(51,922

)

 

$

 

79,739

 

OCI before reclassifications

 

 

 

1,999

 

 

 

 

(1,803

)

 

 

 

(780

)

 

 

 

(584

)

Amounts reclassified from

   AOCI

 

 

 

-

 

 

 

 

63

 

 

 

 

-

 

 

 

 

63

 

Net current period OCI

 

$

 

1,999

 

 

$

 

(1,740

)

 

$

 

(780

)

 

$

 

(521

)

Tax expense (benefit)

 

 

 

-

 

 

 

 

-

 

 

 

 

-

 

 

 

 

-

 

Total other comprehensive

   income (loss), net of taxes

 

 

 

1,999

 

 

 

 

(1,740

)

 

 

 

(780

)

 

 

 

(521

)

Ending balance, net of taxes

 

$

 

131,574

 

 

$

 

346

 

 

$

 

(52,702

)

 

$

 

79,218

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2017

 

 

 

Unrealized Holding

 

 

Unrealized Holding

 

 

OCI Adjustments for

 

 

Total Accumulated

 

 

 

Gains (Losses) on

 

 

Gains (Losses) on

 

 

Policyholder liabilities,

 

 

Other Comprehensive

 

 

 

AFS Securities

 

 

Cash Flow Hedges

 

 

VOBA, and Deferred Tax

 

 

Income (Loss)

 

Beginning balance

 

$

 

104,538

 

 

$

 

(1,225

)

 

$

 

(47,963

)

 

$

 

55,350

 

OCI before reclassifications

 

 

 

27,115

 

 

 

 

888

 

 

 

 

(4,739

)

 

 

 

23,264

 

Amounts reclassified from

   AOCI

 

 

 

(79

)

 

 

 

683

 

 

 

 

-

 

 

 

 

604

 

Net current period OCI

 

$

 

27,036

 

 

$

 

1,571

 

 

$

 

(4,739

)

 

$

 

23,868

 

Tax expense (benefit)

 

 

 

-

 

 

 

 

-

 

 

 

 

-

 

 

 

 

-

 

Total other comprehensive

   income (loss), net of taxes

 

 

 

27,036

 

 

 

 

1,571

 

 

 

 

(4,739

)

 

 

 

23,868

 

Ending balance, net of taxes

 

$

 

131,574

 

 

$

 

346

 

 

$

 

(52,702

)

 

$

 

79,218

 

 

 

 

Three Months Ended September 30, 2016

 

 

 

Unrealized Holding

 

 

Unrealized Holding

 

 

OCI Adjustments for

 

 

Total Accumulated

 

 

 

Gains (Losses) on

 

 

Gains (Losses) on

 

 

Policyholder liabilities,

 

 

Other Comprehensive

 

 

 

AFS Securities

 

 

Cash Flow Hedges

 

 

VOBA, and Deferred Tax

 

 

Income (Loss)

 

Beginning balance

 

$

 

182,576

 

 

$

 

4,658

 

 

$

 

(55,560

)

 

$

 

131,674

 

OCI before reclassifications

 

 

 

268

 

 

 

 

(3,101

)

 

 

 

(3,072

)

 

 

 

(5,905

)

Amounts reclassified from

   AOCI

 

 

 

1,775

 

 

 

 

305

 

 

 

 

-

 

 

 

 

2,080

 

Net current period OCI

 

$

 

2,043

 

 

$

 

(2,796

)

 

$

 

(3,072

)

 

$

 

(3,825

)

Tax expense (benefit)

 

 

 

-

 

 

 

 

-

 

 

 

 

-

 

 

 

 

-

 

Total other comprehensive

   income (loss), net of taxes

 

 

 

2,043

 

 

 

 

(2,796

)

 

 

 

(3,072

)

 

 

 

(3,825

)

Ending balance, net of taxes

 

$

 

184,619

 

 

$

 

1,862

 

 

$

 

(58,632

)

 

$

 

127,849

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2016

 

 

 

Unrealized Holding

 

 

Unrealized Holding

 

 

OCI Adjustments for

 

 

Total Accumulated

 

 

 

Gains (Losses) on

 

 

Gains (Losses) on

 

 

Policyholder liabilities,

 

 

Other Comprehensive

 

 

 

AFS Securities

 

 

Cash Flow Hedges

 

 

VOBA, and Deferred Tax

 

 

Income (Loss)

 

Beginning balance

 

$

 

95,533

 

 

$

 

4,202

 

 

$

 

(43,144

)

 

$

 

56,591

 

OCI before reclassifications

 

 

 

88,922

 

 

 

 

(2,961

)

 

 

 

(15,488

)

 

 

 

70,473

 

Amounts reclassified from

   AOCI

 

 

 

164

 

 

 

 

621

 

 

 

 

-

 

 

 

 

785

 

Net current period OCI

 

$

 

89,086

 

 

$

 

(2,340

)

 

$

 

(15,488

)

 

$

 

71,258

 

Tax expense (benefit)

 

 

 

-

 

 

 

 

-

 

 

 

 

-

 

 

 

 

-

 

Total other comprehensive

   income (loss), net of taxes

 

 

 

89,086

 

 

 

 

(2,340

)

 

 

 

(15,488

)

 

 

 

71,258

 

Ending balance, net of taxes

 

$

 

184,619

 

 

$

 

1,862

 

 

$

 

(58,632

)

 

$

 

127,849

 

 
Reclassifications out of AOCI

The reclassifications out of AOCI for the three and nine months ended September 30, 2017 and 2016 were as follows:

 

 

 

Three Months Ended

September 30, 2017

 

 

Nine Months Ended

September 30, 2017

 

 

 

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

 

$

 

-

 

 

$

 

79

 

 

Net realized investment gains (losses)

 

 

 

 

 

 

 

 

 

 

 

 

Portion of OTTI previously

 

 

 

 

-

 

 

 

 

-

 

 

recognized in OCI

 

 

$

 

-

 

 

$

 

79

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding gains

   (losses) on cash flow hedges

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

$

 

(63

)

 

$

 

(683

)

 

Net investment income

 

 

$

 

(63

)

 

$

 

(683

)

 

Total

Total amounts reclassified

   from AOCI

 

$

 

(63

)

 

$

 

(604

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

September 30, 2016

 

 

Nine Months Ended

September 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

 

$

 

(1,775

)

 

$

 

(43

)

 

Net realized investment gains (losses)

 

 

 

 

-

 

 

 

 

(121

)

 

Portion of OTTI previously recognized in OCI

 

 

$

 

(1,775

)

 

$

 

(164

)

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding gains

   (losses) on cash flow hedges

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

$

 

(305

)

 

$

 

(621

)

 

Net investment income

 

 

$

 

(305

)

 

$

 

(621

)

 

Total

Total amounts reclassified

   from AOCI

 

$

 

(2,080

)

 

$

 

(785

)