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Basis of Presentation (Tables)
9 Months Ended
Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of investment contract and life policy reserves
The following table summarizes investment contract and policy reserves.
($ in thousands)
 
September 30, 2019
 
December 31, 2018
Investment contract reserves
 
$
4,658,148

 
$
4,555,856

Policy reserves
 
1,549,740

 
1,155,337

Total
 
$
6,207,888

 
$
5,711,193


Schedule of accumulated other comprehensive Income (loss) The following tables reconcile these components.
($ in thousands)
 
Net Unrealized Investment Gains (Losses) on Fixed Maturity Securities (1)(2)
 
Net Funded Status of
Benefit Plans (1)
 
Total (1)
Beginning balance, July 1, 2019
 
$
203,077

 
$
(12,185
)
 
$
190,892

Other comprehensive income (loss) before reclassifications
 
64,577

 

 
64,577

Amounts reclassified from AOCI
 
(1,273
)
 

 
(1,273
)
Net current period other comprehensive income (loss)
 
63,304

 

 
63,304

Ending balance, September 30, 2019
 
$
266,381

 
$
(12,185
)
 
$
254,196

 
 
 
 
 
 
 
Beginning balance, January 1, 2019
 
$
96,941

 
$
(12,185
)
 
$
84,756

Other comprehensive income (loss) before reclassifications
 
292,043

 

 
292,043

Amounts reclassified from AOCI
 
(122,603
)
 

 
(122,603
)
Net current period other comprehensive income (loss)
 
169,440

 

 
169,440

Ending balance, September 30, 2019
 
$
266,381

 
$
(12,185
)
 
$
254,196

______________
(1) 
All amounts are net of tax.
(2) 
The pretax amounts reclassified from AOCI, $1,612 thousand and $155,194 thousand, are included in net investment gains (losses) and the related income tax expenses, $339 thousand and $32,591 thousand, are included in income tax expense in the Consolidated Statements of Operations for the three and nine month periods ended September 30, 2019, respectively.