Mortgage Loans (Tables)

6 Months Ended

Jun. 30, 2019

Receivables [Abstract]

Distribution Based on Carrying Amount of Mortgage Loans by Location

The distribution based on carrying amount of mortgage loans by location is as follows:

	June 30, 2019		December 31, 2018
East North Central	12.5	%	13.9	%
East South Central	2.6		2.8
Mountain	21.6		20.0
Pacific	17.3		16.2
South Atlantic	12.5		12.1
West South Central	26.0		27.2
Other	7.5		7.8
Total	100.0	%	100.0	%

Age Analysis of Past Due Loans

The age analysis of past due loans is shown below (in thousands):

	30-59 Days		60-89 Days		More Than						Total
June 30, 2019	Past Due		Past Due		90 Days		Total		Current		Amount			Percent
Industrial	$	—	$	—	$	—	$	—	$	571,320	$	571,320		11.3	%
Office	—		—		8,644		8,644		1,660,163		1,668,807			33.1
Retail	—		—		—		—		875,078		875,078			17.4
Other	—		—		—		—		1,920,927		1,920,927			38.2
Total	$	—	$	—	$	8,644	$	8,644	$	5,027,488	$	5,036,132		100.0	%
Allowance for loan losses											(21,422		)
Total, net of allowance											$	5,014,710
December 31, 2018
Industrial	$	—	$	—	$	—	$	—	$	761,294	$	761,294		14.8	%
Office	—		—		—		—		1,747,926		1,747,926			34.0
Retail	—		—		—		—		896,429		896,429			17.4
Other	—		4,000		18,888		22,888		1,717,503		1,740,391			33.8
Total	$	—	$	4,000	$	18,888	$	22,888	$	5,123,152	$	5,146,040		100.0	%
Allowance for loan losses											(21,333		)
Total, net of allowance											$	5,124,707

Change in Allowance for Credit Losses in Mortgage Loans

The change in allowance for credit losses in mortgage loans is shown below (in thousands, except number of loans):

	Collectively Evaluated for Impairment								Individually Impaired						Total
	Number of Loans		Recorded Investment			Valuation Allowance			Number of Loans	Recorded Investment			Valuation Allowance		Number of Loans		Recorded Investment			Valuation Allowance
Beginning balance at January 1, 2019	449		$	5,128,417		$	18,607		2	$	17,623		$	2,726	451		$	5,146,040		$	21,333
Change in allowance	—		—			(179		)	—	—			268		—		—			89
Net change in recorded investment	(9	)	(101,423		)	—			—	(8,485		)	—		(9	)	(109,908		)	—
Ending balance at June 30, 2019	440		$	5,026,994		$	18,428		2	$	9,138		$	2,994	442		$	5,036,132		$	21,422

Schedule of Troubled Debt Restructuring Mortgage Loan Information

Troubled debt restructuring mortgage loan information is as follows (in thousands, except number of loans):

	Six months ended June 30,
	2019					2018
	Number of Loans	Recorded Investment  Pre-Modification		Recorded Investment  Post Modification		Number of Loans	Recorded Investment  Pre-Modification		Recorded Investment  Post Modification
Office	1	$	9,331	$	9,331	—	$	—	$	—
Retail	2	40,249		40,249		—	—		—
Industrial	4	20,595		20,595		—	—		—
Total	7	$	70,175	$	70,175	—	$	—	$	—