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Reinsurance (Tables)
12 Months Ended
Dec. 31, 2017
Reinsurance Disclosures [Abstract]  
Summary of Variable Annuity Contracts Containing GMIB and GMDB Provisions Reinsured With Life Insurance in Force

At December 31, 2016 and 2017, the Company had the following account values for variable annuity contracts containing GMIB and GMDB provisions that were reinsured along with life insurance in force:

December 31, 2017

 

 

 

Gross amount

 

 

Ceded to other companies

 

 

Assumed from other companies

 

 

Net amount

 

 

Percentage of amount assumed to net amount

 

 

Percentage of amount ceded to gross amount

 

Life insurance

 

$

 

4,465,980

 

 

$

 

143,356

 

 

$

 

1,047

 

 

$

 

4,323,671

 

 

 

0.02

%

 

 

3.21

%

GMIB

 

 

 

1,453,202

 

 

 

 

478,098

 

 

 

 

-

 

 

 

 

975,104

 

 

 

0.00

%

 

 

32.90

%

GMDB

 

 

 

3,979,129

 

 

 

 

171,818

 

 

 

 

-

 

 

 

 

3,807,311

 

 

 

0.00

%

 

 

4.32

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

 

 

Gross amount

 

 

Ceded to other companies

 

 

Assumed from other companies

 

 

Net amount

 

 

Percentage of amount assumed to net amount

 

 

Percentage of amount ceded to gross amount

 

Life insurance

 

$

 

4,586,845

 

 

$

 

160,455

 

 

$

 

924

 

 

$

 

4,427,314

 

 

 

0.02

%

 

 

3.50

%

GMIB

 

 

 

1,430,611

 

 

 

 

480,283

 

 

 

 

-

 

 

 

 

950,328

 

 

 

0.00

%

 

 

33.57

%

GMDB

 

 

 

3,947,838

 

 

 

 

168,608

 

 

 

 

-

 

 

 

 

3,779,230

 

 

 

0.00

%

 

 

4.27

%