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Accumulated Other Comprehensive Income
 12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Accumulated Other Comprehensive Income

Note 7.  Accumulated Other Comprehensive Income

The changes in AOCI by component for the years ended December 31, 2017, 2016, and 2015 were as follows:

 

 

 

2017

 

 

 

Unrealized Holding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gains (Losses) on

 

 

Unrealized Holding

 

 

 

OCI Adjustments for

 

 

Total Accumulated

 

 

 

AFS Securities and

 

 

Gains (Losses) on

 

 

 

Policyholder liabilities,

 

 

Other Comprehensive

 

 

 

Cash Equivalents

 

 

Cash Flow Hedges

 

 

 

VOBA, and Deferred Tax

 

 

Income (Loss)

 

Beginning balance

 

$

 

104,538

 

 

$

 

(1,225

)

 

$

 

(47,963

)

 

$

 

55,350

 

OCI before

reclassifications

 

 

 

30,434

 

 

 

 

(806

)

 

 

 

(4,139

)

 

 

 

25,489

 

Amounts reclassified from

   AOCI

 

 

 

(1,440

)

 

 

 

1,100

 

 

 

 

-

 

 

 

 

(340

)

Net current period OCI

 

$

 

28,994

 

 

$

 

294

 

 

$

 

(4,139

)

 

$

 

25,149

 

Tax expense (benefit)

 

 

 

-

 

 

 

 

-

 

 

 

 

-

 

 

 

 

-

 

Total other comprehensive

   income (loss), net of taxes

 

$

 

28,994

 

 

$

 

294

 

 

$

 

(4,139

)

 

$

 

25,149

 

Ending balance, net of taxes

 

$

 

133,532

 

 

$

 

(931

)

 

$

 

(52,102

)

 

$

 

80,499

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

8,881

 

 

 

 

(6,288

)

 

 

 

(4,819

)

 

 

 

(2,226

)

Amounts reclassified from

   AOCI

 

 

 

124

 

 

 

 

861

 

 

 

 

-

 

 

 

 

985

 

Net current period OCI

 

$

 

9,005

 

 

$

 

(5,427

)

 

$

 

(4,819

)

 

$

 

(1,241

)

Tax expense (benefit)

 

 

 

-

 

 

 

 

-

 

 

 

 

-

 

 

 

 

-

 

Total other comprehensive

   income (loss), net of taxes

 

$

 

9,005

 

 

$

 

(5,427

)

 

$

 

(4,819

)

 

$

 

(1,241

)

Ending balance, net of taxes

 

$

 

104,538

 

 

$

 

(1,225

)

 

$

 

(47,963

)

 

$

 

55,350

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

 

 

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

 

$

 

164,221

 

 

$

 

2,296

 

 

$

 

(57,275

)

 

$

 

109,242

 

OCI before

reclassifications

 

 

 

(68,313

)

 

 

 

1,807

 

 

 

 

14,131

 

 

 

 

(52,375

)

Amounts reclassified from

   AOCI

 

 

 

(375

)

 

 

 

99

 

 

 

 

-

 

 

 

 

(276

)

Net current period OCI

 

$

 

(68,688

)

 

$

 

1,906

 

 

$

 

14,131

 

 

$

 

(52,651

)

Tax expense (benefit)

 

 

 

-

 

 

 

 

-

 

 

 

 

-

 

 

 

 

-

 

Total other comprehensive

   income (loss), net of taxes

 

$

 

(68,688

)

 

$

 

1,906

 

 

$

 

14,131

 

 

$

 

(52,651

)

Ending balance, net of taxes

 

$

 

95,533

 

 

$

 

4,202

 

 

$

 

(43,144

)

 

$

 

56,591

 

The reclassifications out of AOCI for the years ended December 31, 2017, 2016, and 2015 were as follows:

 

 

 

Amounts Reclassified from AOCI

 

 

 

 

AOCI Components

 

2017

 

 

2016

 

 

2015

 

 

 

Affected Line Item in the Statement

Where Net Income is Presented

Unrealized holding gains (losses) on AFS securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale securities

 

$

 

1,440

 

 

$

 

(3

)

 

$

 

484

 

 

 

Net realized investment gains (losses)

 

 

 

 

-

 

 

 

 

(121

)

 

 

 

(109

)

 

 

Portion of OTTI previously recognized in OCI

 

 

$

 

1,440

 

 

$

 

(124

)

 

 

 

375

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized holding gains (losses) on cash flow hedges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

$

 

(1,100

)

 

$

 

(861

)

 

$

 

(99

)

 

 

Net investment income

 

 

$

 

(1,100

)

 

$

 

(861

)

 

 

 

(99

)

 

 

Total

Total amounts reclassified from AOCI

 

$

 

340

 

 

$

 

(985

)

 

$

 

276