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Fair Value of Financial Instruments - Financial Instruments Measured at Fair Value on Recurring Basis Using (Level 3) Inputs (Detail) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Embedded Derivative    
Fair Value, Liabilities Measured on Recurring Basis [Roll Forward]    
Beginning balance $ 731,552 $ 596,075
Net loss for derivatives included in net investment income 0 0
Net change included in interest credited (89,581) 58,156
Net fair value change included in other comprehensive income 0 0
Purchases, sales and settlements or maturities    
Purchases 0 0
Sales 0 0
Settlements or maturities 0 0
Premiums less benefits (11,019) 14,254
Ending balance 630,952 668,485
Investment Securities    
Fair Value, Assets Measured on Recurring Basis [Roll Forward]    
Beginning balance 45,307 4,346
Net loss for derivatives included in net investment income 0 0
Net change included in interest credited 0 0
Net fair value change included in other comprehensive income 0 0
Purchases, sales and settlements or maturities    
Purchases 22,702 0
Sales (14,156) 0
Settlements or maturities 0 0
Premiums less benefits 0 0
Ending balance 53,853 4,346
Equity-Indexed Options    
Fair Value, Assets Measured on Recurring Basis [Roll Forward]    
Beginning balance 256,005 148,006
Net loss for derivatives included in net investment income (108,095) 66,485
Net change included in interest credited 0 0
Net fair value change included in other comprehensive income 0 0
Purchases, sales and settlements or maturities    
Purchases 14,164 17,356
Sales 0 0
Settlements or maturities (36,086) (15,691)
Premiums less benefits 0 0
Ending balance 125,988 216,156
Separately Managed Accounts    
Fair Value, Assets Measured on Recurring Basis [Roll Forward]    
Beginning balance 50,503 0
Net loss for derivatives included in net investment income 0 16,532
Net change included in interest credited 0 0
Net fair value change included in other comprehensive income 80 9
Purchases, sales and settlements or maturities    
Purchases 0 4,505
Sales 0 0
Settlements or maturities 0 0
Premiums less benefits 0 0
Ending balance $ 50,583 $ 21,046