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Variable Contracts Containing Guaranteed Benefits (Tables)
3 Months Ended
Mar. 31, 2018
Insurance [Abstract]  
Increases (Decreases) in Variable Annuity Guaranteed Minimum Death Benefits, Guaranteed Minimum Income Benefits and Guaranteed Minimum Withdrawal Benefits Liabilities

The increases (decreases) in the variable annuity GMDB, GMIB and GMWB liabilities for the three months ended March 31, 2018 and 2017 were as follows: 

 

 

Three Months Ended

 

 

 

March 31,

 

GMDB

 

2018

 

 

2017

 

Guaranteed benefits incurred

 

$

 

5,262

 

 

$

 

5,969

 

Guaranteed benefits paid

 

 

 

(4,814

)

 

 

 

(4,634

)

Unlocking

 

 

 

3,088

 

 

 

 

(13,657

)

Increase (decrease) in GMDB liability balance

 

$

 

3,536

 

 

$

 

(12,322

)

 

 

Three Months Ended

 

 

 

March 31,

 

GMIB

 

2018

 

 

2017

 

Guaranteed benefits incurred

 

$

 

2,281

 

 

$

 

3,061

 

Guaranteed benefits paid

 

 

 

(411

)

 

 

 

(1,294

)

Unlocking

 

 

 

781

 

 

 

 

(13,105

)

Increase (decrease) in GMIB liability balance

 

$

 

2,651

 

 

$

 

(11,338

)

 

 

 

Three Months Ended

 

 

 

March 31,

 

GMWB

 

2018

 

 

2017

 

Guaranteed benefits incurred

 

$

 

-

 

 

$

 

-

 

Guaranteed benefits paid

 

 

 

-

 

 

 

 

-

 

Change in fair value reserves

 

 

 

(3,660

)

 

 

 

(6,748

)

Increase (decrease) in GMWB liability balance

 

$

 

(3,660

)

 

$

 

(6,748

)