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Reinsurance (Tables)
 3 Months Ended
Mar. 31, 2018
Reinsurance Disclosures [Abstract]  
Summary of Variable Annuity Contracts Containing GMIB and GMDB Provisions Reinsured With Life Insurance in Force

At March 31, 2018 and December 31, 2017, the Company had the following account values for variable annuity contracts containing GMIB and GMDB provisions that were reinsured along with insurance in force:

 

March 31, 2018

 

 

 

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

 

$

 

4,415,816

 

 

$

 

139,449

 

 

$

 

1,108

 

 

$

 

4,277,475

 

 

 

0.03

%

 

 

3.16

%

GMIB

 

 

 

1,396,427

 

 

 

 

456,695

 

 

 

 

-

 

 

 

 

939,732

 

 

 

0.00

%

 

 

32.70

%

GMDB

 

 

 

3,825,029

 

 

 

 

163,040

 

 

 

 

-

 

 

 

 

3,661,990

 

 

 

0.00

%

 

 

4.26

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

%