BRIGHTHOUSE LIFE INSURANCE Co OF NY 10-Q 8 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 08, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity File Number	000-55705
Entity Central Index Key	0001167609
Entity Registrant Name	BRIGHTHOUSE LIFE INSURANCE Co OF NY
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	13-3690700
Entity Address, Address Line One	285 Madison Avenue, 14th Floor,
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10017
City Area Code	980
Local Phone Number	365-7100
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		200,000

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Investments:
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $2,694,974 and $2,469,801, respectively)	$ 2,817,791	$ 2,433,633
Mortgage loans (net of valuation allowances of $2,142 and $1,937, respectively)	520,644	448,105
Other invested assets, principally at estimated fair value	50,145	35,815
Total investments	3,388,580	2,917,553
Cash and cash equivalents	190,199	120,130
Accrued investment income	38,702	20,605
Premiums, reinsurance and other receivables	628,838	580,480
Deferred policy acquisition costs and value of business acquired	172,674	185,586
Other assets	34,012	37,348
Separate account assets	4,612,744	4,268,423
Total assets	9,065,749	8,130,125
Liabilities
Future policy benefits	732,751	718,599
Policyholder account balances	1,979,117	1,692,498
Other policy-related balances	18,638	9,288
Payables For Collateral Under Securities Loaned And Other Transactions	39,671	23,581
Current income tax payable	1,854	1,755
Deferred income tax liability	139,196	107,853
Other liabilities	505,893	471,490
Separate account liabilities	4,612,744	4,268,423
Total liabilities	8,029,864	7,293,487
Contingencies, Commitments and Guarantees (Note 9)
Stockholder's Equity
Common stock, par value $10 per share; 200,000 shares authorized, issued and outstanding	2,000	2,000
Additional paid-in capital	490,931	415,931
Retained earnings (deficit)	451,254	433,778
Accumulated other comprehensive income (loss)	91,700	(15,071)
Total stockholder's equity	1,035,885	836,638
Total liabilities and stockholder's equity	$ 9,065,749	$ 8,130,125

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets
Amortized cost of fixed maturity securities available-for-sale	$ 2,694,974	$ 2,469,801
Mortgage loans valuation allowances	$ 2,142	$ 1,937
Stockholder's Equity
Common stock, par value	$ 10	$ 10
Common stock, shares authorized	200,000	200,000
Common stock, shares issued	200,000	200,000
Common stock, shares outstanding	200,000	200,000

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues
Premiums	$ 6,966	$ 9,112	$ 15,998	$ 19,405
Universal life and investment-type product policy fees	24,143	25,883	47,393	51,869
Net investment income	29,716	24,089	56,209	48,020
Other revenues	(21,708)	(12,076)	(42,031)	(24,620)
Net investment gains (losses)	5,472	(2,063)	5,020	(4,418)
Net derivative gains (losses)	27,308	(21,112)	24,063	(65,374)
Total revenues	71,897	23,833	106,652	24,882
Expenses
Policyholder benefits and claims	14,388	3,948	23,847	2,407
Interest credited to policyholder account balances	9,133	9,337	17,391	18,569
Amortization of deferred policy acquisition costs and value of business acquired	5,560	1,495	6,463	(1,828)
Other expenses	19,624	16,181	38,514	31,908
Total expenses	48,705	30,961	86,215	51,056
Income (loss) before provision for income tax	23,192	(7,128)	20,437	(26,174)
Provision for income tax expense (benefit)	4,205	(2,167)	2,961	(6,843)
Net income (loss)	18,987	(4,961)	17,476	(19,331)
Comprehensive income (loss)	$ 79,838	$ (20,089)	$ 124,247	$ (64,749)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings (Deficit)	Accumulated Other Comprehensive Income (Loss)
Beginning Balance at Dec. 31, 2017	$ 843,487	$ 2,000	$ 415,931	$ 395,928	$ 29,628
Net income (loss)	(14,370)			(14,370)
Other comprehensive income (loss), net of income tax	(30,290)				(30,290)
Ending Balance at Mar. 31, 2018	798,827	2,000	415,931	381,558	(662)
Beginning Balance at Dec. 31, 2017	843,487	2,000	415,931	395,928	29,628
Net income (loss)	(19,331)
Ending Balance at Jun. 30, 2018	778,738	2,000	415,931	376,597	(15,790)
Beginning Balance at Mar. 31, 2018	798,827	2,000	415,931	381,558	(662)
Net income (loss)	(4,961)			(4,961)
Other comprehensive income (loss), net of income tax	(15,128)				(15,128)
Ending Balance at Jun. 30, 2018	778,738	2,000	415,931	376,597	(15,790)
Beginning Balance at Dec. 31, 2018	836,638	2,000	415,931	433,778	(15,071)
Net income (loss)	(1,511)			(1,511)
Capital contribution	75,000		75,000
Other comprehensive income (loss), net of income tax	45,920				45,920
Ending Balance at Mar. 31, 2019	956,047	2,000	490,931	432,267	30,849
Beginning Balance at Dec. 31, 2018	836,638	2,000	415,931	433,778	(15,071)
Net income (loss)	17,476
Ending Balance at Jun. 30, 2019	1,035,885	2,000	490,931	451,254	91,700
Beginning Balance at Mar. 31, 2019	956,047	2,000	490,931	432,267	30,849
Net income (loss)	18,987			18,987
Other comprehensive income (loss), net of income tax	60,851				60,851
Ending Balance at Jun. 30, 2019	$ 1,035,885	$ 2,000	$ 490,931	$ 451,254	$ 91,700

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Statement of Cash Flows [Abstract]
Net cash provided by (used in) operating activities	$ (3,696)	$ 55,004
Cash flows from investing activities
Sales, maturities and repayments of fixed maturity securities	460,751	183,586
Sales, maturities and repayments of mortgage loans	6,735	8,376
Purchases of fixed maturity securities	(662,395)	(306,386)
Purchases of mortgage loans	(81,578)	(23,922)
Cash received in connection with freestanding derivatives	49,501	3,121
Cash paid in connection with freestanding derivatives	(8,125)	(36,550)
Net change in short-term investments	0	(32,913)
Net change in other invested assets	6,326	372
Net cash provided by (used in) investing activities	(228,785)	(204,316)
Cash flows from financing activities
Policyholder account balances: Deposits	299,212	219,081
Policyholder account balances: Withdrawals	(87,752)	(61,144)
Net change in payables for collateral under derivative transactions	16,090	21,621
Capital contribution	75,000	0
Net cash provided by (used in) financing activities	302,550	179,558
Change in cash, cash equivalents and restricted cash	70,069	30,246
Cash, cash equivalents and restricted cash, beginning of period	120,130	86,154
Cash, cash equivalents and restricted cash, end of period	190,199	116,400
Supplemental disclosures of cash flow information
Net cash paid (received) for income tax	$ 0	$ 8

Business, Basis of Presentation

Business, Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business, Basis of Presentation and Summary of Significant Accounting Policies	1. Business, Basis of Presentation and Summary of Significant Accounting Policies Business “BHNY” and the “Company” refer to Brighthouse Life Insurance Company of NY, a New York domiciled life insurance company. Brighthouse Life Insurance Company of NY is a wholly-owned subsidiary of Brighthouse Life Insurance Company, which is an indirect wholly-owned subsidiary of Brighthouse Financial, Inc. (“BHF” together with its subsidiaries and affiliates, “Brighthouse Financial”). The Company is licensed to transact business in the state of New York. BHNY markets and/or administers traditional life, universal life, variable annuity and fixed annuity products to individuals. The Company is organized into two segments: Annuities; and Life. In addition, the Company reports certain of its results of operations in Corporate & Other. In 2016, MetLife, Inc. (together with its subsidiaries and affiliates, “MetLife”) announced its plan to pursue the separation of a substantial portion of its former U.S. retail business (the “Separation”). In connection with the Separation, 80.8% of MetLife, Inc.’s interest in BHF was distributed to holders of MetLife, Inc.’s common stock. On June 14, 2018, MetLife, Inc. divested its remaining shares of BHF common stock (the “MetLife Divestiture”). As a result, MetLife, Inc. and its subsidiaries and affiliates are no longer considered related parties subsequent to the MetLife Divestiture. Basis of Presentation The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to adopt accounting policies and make estimates and assumptions that affect amounts reported on the interim condensed financial statements. In applying these policies and estimates, management makes subjective and complex judgments that frequently require assumptions about matters that are inherently uncertain. Many of these policies, estimates and related judgments are common in the insurance and financial services industries; others are specific to the Company’s business and operations. Actual results could differ from these estimates. Reclassifications Certain amounts in the prior year periods’ interim condensed financial statements and related footnotes thereto have been reclassified to conform with the 2019 presentation as may be discussed throughout the Notes to the Interim Condensed Financial Statements. Since the Company is a member of a controlled group of affiliated companies, its results may not be indicative of those of a stand-alone entity. The accompanying interim condensed financial statements are unaudited and reflect all adjustments (including normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented in conformity with GAAP. Interim results are not necessarily indicative of full year performance. The December 31, 2018 balance sheet data was derived from audited financial statements included in BHNY’s Annual Report on Form 10-K for the year ended December 31, 2018 (the “2018 Annual Report”), which include all disclosures required by GAAP. Therefore, these interim condensed financial statements should be read in conjunction with the financial statements of the Company included in the 2018 Annual Report. Adoption of New Accounting Pronouncements Changes to GAAP are established by the Financial Accounting Standards Board (“FASB”) in the form of accounting standards updates (“ASUs”) to the FASB Accounting Standards Codification. The Company considers the applicability and impact of all ASUs. ASUs not listed below were assessed and determined to be either not applicable or are not expected to have a material impact on the Company’s financial statements. There were no ASUs adopted during 2019 which had a material impact on the Company’s financial statements. ASUs issued but not yet adopted as of June 30, 2019 are summarized in the table below. Standard Description Effective Date Impact on Financial Statements ASU 2018-12, Financial Services-Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts The amendments to Topic 944 will result in significant changes to the accounting for long-duration insurance contracts. These changes (1) require all guarantees that qualify as market risk benefits to be measured at fair value, (2) require more frequent updating of assumptions and modify existing discount rate requirements for certain insurance liabilities, (3) modify the methods of amortization for deferred acquisition costs (“DAC”), and (4) require new qualitative and quantitative disclosures around insurance contract asset and liability balances and the judgments, assumptions and methods used to measure those balances. The market risk benefit guidance is required to be applied on a retrospective basis, while the changes to guidance for insurance liabilities and DAC may be applied to existing carrying amounts on the effective date or on a retrospective basis. The amendments are currently effective on January 1, 2021. On July 17, 2019 the FASB tentatively decided to extend the effective date of the ASU by one year. The FASB intends to release an exposure draft, which if adopted, will change the effective date for the Company to January 1, 2022. The Company is in the early stages of evaluating the new guidance and therefore is unable to estimate the impact to its financial statements. The most significant impact will be the measurement of liabilities for variable annuity guarantees. ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments The amendments to Topic 326 replace the incurred loss impairment methodology for certain financial instruments with one that reflects expected credit losses based on historical loss information, current conditions, and reasonable and supportable forecasts. The new guidance also requires that an other-than- temporary impairment (“OTTI”) on a debt security will be recognized as an allowance going forward, such that improvements in expected future cash flows after an impairment will no longer be reflected as a prospective yield adjustment through net investment income, but rather a reversal of the previous impairment and recognized through realized investment gains and losses. January 1, 2020 using the modified retrospective method (with early adoption permitted beginning January 1, 2019) The Company is currently evaluating the impact of this guidance on its financial statements, with the most significant impact expected to be earlier recognition of credit losses on mortgage loan investments.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Segment Information	2. Segment Information The Company is organized into two segments: Annuities and Life. In addition, the Company reports certain of its results of operations in Corporate & Other. Annuities The Annuities segment consists of a variety of variable, fixed, index-linked and income annuities designed to address contract holders’ needs for protected wealth accumulation on a tax-deferred basis, wealth transfer and income security. Life The Life segment consists of insurance products and services, including term, whole and universal life products designed to address policyholders’ needs for financial security and protected wealth transfer, which may be provided on a tax-advantaged basis. Corporate & Other Corporate & Other contains the excess capital not allocated to the segments and expenses associated with certain legal proceedings and income tax audit issues. Corporate & Other also includes the elimination of intersegment amounts and a portion of MetLife’s former U.S. insurance business sold direct to consumers, which is no longer being offered for new sales. Financial Measures and Segment Accounting Policies Adjusted earnings is a financial measure used by management to evaluate performance, allocate resources and facilitate comparisons to industry results. Consistent with GAAP guidance for segment reporting, adjusted earnings is also used to measure segment performance. The Company believes the presentation of adjusted earnings, as the Company measures it for management purposes, enhances the understanding of its performance by highlighting the results of operations and the underlying profitability drivers of the business. Adjusted earnings should not be viewed as a substitute for net income (loss). Adjusted earnings, which may be positive or negative, focuses on the Company’s primary businesses principally by excluding the impact of market volatility, which could distort trends. The following are significant items excluded from total revenues, net of income tax, in calculating adjusted earnings: • Net investment gains (losses); • Net derivative gains (losses) except earned income on derivatives and amortization of premium on derivatives that are hedges of investments or that are used to replicate certain investments, but do not qualify for hedge accounting treatment; and • Certain variable annuity guaranteed minimum income benefits (“GMIBs”) fees (“GMIB Fees”) and amortization of unearned revenue related to net investment gains (losses) and net derivative gains (losses). The following are significant items excluded from total expenses, net of income tax, in calculating adjusted earnings: • Amounts associated with benefits and hedging costs related to GMIBs (“GMIB Costs”); • Amounts associated with periodic crediting rate adjustments based on the total return of a contractually referenced pool of assets and market value adjustments associated with surrenders or terminations of contracts (“Market Value Adjustments”); and • Amortization of DAC and value of business acquired related to: (i) net investment gains (losses), (ii) net derivative gains (losses), (iii) GMIB Fees and GMIB Costs and (iv) Market Value Adjustments. The tax impact of the adjustments mentioned above is calculated net of the statutory tax rate, which could differ from the Company’s effective tax rate. Set forth in the tables below is certain financial information with respect to the Company’s segments, as well as Corporate & Other, for the three months and six months ended June 30, 2019 and 2018 and at June 30, 2019 and December 31, 2018 . The segment accounting policies are the same as those used to prepare the Company’s condensed financial statements, except for the adjustments to calculate adjusted earnings described above. In addition, segment accounting policies include the methods of capital allocation described below. Segment investment and capitalization targets are based on statutory oriented risk principles and metrics. Segment invested assets backing liabilities are based on net statutory liabilities plus excess capital. For the variable annuity business, the excess capital held is based on the target statutory total asset requirement consistent with the Company’s variable annuity risk management strategy. For insurance businesses other than variable annuities, excess capital held is based on a percentage of required statutory risk-based capital. Assets in excess of those allocated to the segments, if any, are held in Corporate & Other. Segment net investment income reflects the performance of each segment’s respective invested assets. Operating Results Three Months Ended June 30, 2019 Annuities Life Corporate & Other Total (In thousands) Pre-tax adjusted earnings $ (6,972 ) $ (5,928 ) $ (1,149 ) $ (14,049 ) Provision for income tax expense (benefit) (1,886 ) (1,244 ) (485 ) (3,615 ) Adjusted earnings $ (5,086 ) $ (4,684 ) $ (664 ) (10,434 ) Adjustments for: Net investment gains (losses) 5,472 Net derivative gains (losses) 27,308 Other adjustments to net income 4,461 Provision for income tax (expense) benefit (7,820 ) Net income (loss) $ 18,987 Interest revenue $ 20,107 $ 9,306 $ 398 Operating Results Three Months Ended June 30, 2018 Annuities Life Corporate & Other Total (In thousands) Pre-tax adjusted earnings $ 6,473 $ 4,556 $ 186 $ 11,215 Provision for income tax expense (benefit) 880 959 (154 ) 1,685 Adjusted earnings $ 5,593 $ 3,597 $ 340 9,530 Adjustments for: Net investment gains (losses) (2,063 ) Net derivative gains (losses) (21,112 ) Other adjustments to net income 4,832 Provision for income tax (expense) benefit 3,852 Net income (loss) $ (4,961 ) Interest revenue $ 15,278 $ 8,482 $ 425 Operating Results Six Months Ended June 30, 2019 Annuities Life Corporate & Other Total (In thousands) Pre-tax adjusted earnings $ (11,951 ) $ (10,184 ) $ (1,702 ) $ (23,837 ) Provision for income tax expense (benefit) (3,354 ) (2,138 ) (844 ) (6,336 ) Adjusted earnings $ (8,597 ) $ (8,046 ) $ (858 ) (17,501 ) Adjustments for: Net investment gains (losses) 5,020 Net derivative gains (losses) 24,063 Other adjustments to net income 15,191 Provision for income tax (expense) benefit (9,297 ) Net income (loss) $ 17,476 Interest revenue $ 37,879 $ 17,610 $ 907 Operating Results Six Months Ended June 30, 2018 Annuities Life Corporate & Other Total (In thousands) Pre-tax adjusted earnings $ 11,903 $ 12,570 $ 2,448 $ 26,921 Provision for income tax expense (benefit) 1,537 2,642 127 4,306 Adjusted earnings $ 10,366 $ 9,928 $ 2,321 22,615 Adjustments for: Net investment gains (losses) (4,418 ) Net derivative gains (losses) (65,374 ) Other adjustments to net income 16,697 Provision for income tax (expense) benefit 11,149 Net income (loss) $ (19,331 ) Interest revenue $ 30,081 $ 17,321 $ 796 The following table presents total revenues with respect to the Company’s segments, as well as Corporate & Other: Three Months Ended Six Months Ended 2019 2018 2019 2018 (In thousands) Annuities $ 21,820 $ 28,106 $ 43,707 $ 55,744 Life 13,477 14,407 26,124 30,103 Corporate & Other 528 1,079 1,198 2,103 Adjustments 36,072 (19,759 ) 35,623 (63,068 ) Total $ 71,897 $ 23,833 $ 106,652 $ 24,882 The following table presents total assets with respect to the Company’s segments, as well as Corporate & Other, at: June 30, 2019 December 31, 2018 (In thousands) Annuities $ 7,828,964 $ 7,034,394 Life 1,157,104 1,083,641 Corporate & Other 79,681 12,090 Total $ 9,065,749 $ 8,130,125

Insurance

Insurance	6 Months Ended
	Jun. 30, 2019
Insurance [Abstract]
Insurance	3. Insurance Guarantees As discussed in Notes 1 and 3 of the Notes to the Financial Statements included in the 2018 Annual Report, the Company issues variable annuity contracts with guaranteed minimum benefits. Guaranteed minimum accumulation benefits (“GMABs”), the non-life contingent portion of guaranteed minimum withdrawal benefits (“GMWBs”) and certain portions of GMIBs that do not require the policyholder to annuitize are accounted for as embedded derivatives in policyholder account balances and are further discussed in Note 5 . Information regarding the Company’s guarantee exposure was as follows at: June 30, 2019 December 31, 2018 In the Event of Death At Annuitization In the Event of Death At Annuitization (Dollars in thousands) Annuity Contracts (1), (2) Variable Annuity Guarantees Total account value (3) $ 4,618,740 $ 3,732,716 $ 4,274,326 $ 3,483,668 Separate account value $ 4,610,504 $ 3,732,340 $ 4,266,520 $ 3,482,829 Net amount at risk $ 6,893 (4) $ 230,389 (5) $ 193,102 (4) $ 274,632 (5) Average attained age of contract holders 68 years 68 years 67 years 67 years ______________ (1) The Company’s annuity contracts with guarantees may offer more than one type of guarantee in each contract. Therefore, the amounts listed above may not be mutually exclusive. (2) Includes direct business, but excludes offsets from hedging or reinsurance, if any. Therefore, the net amount at risk presented reflects the economic exposures of living and death benefit guarantees associated with variable annuities, but not necessarily their impact on the Company. See Note 5 of t he Notes to the Financial Statements included in the 2018 Annual Report for a discussion of guaranteed minimum benefits which have been reinsured. (3) Includes the contract holder’s investments in the general account and separate account, if applicable. (4) Defined as the death benefit less the total account value, as of the balance sheet date. It represents the amount of the claim that the Company would incur if death claims were filed on all contracts on the balance sheet date and includes any additional contractual claims associated with riders purchased to assist with covering income taxes payable upon death. (5) Defined as the amount (if any) that would be required to be added to the total account value to purchase a lifetime income stream, based on current annuity rates, equal to the minimum amount provided under the guaranteed benefit. This amount represents the Company’s potential economic exposure to such guarantees in the event all contract holders were to annuitize on the balance sheet date, even though the contracts contain terms that allow annuitization of the guaranteed amount only after the 10th anniversary of the contract, which not all contract holders have achieved.

Investments

Investments	6 Months Ended
	Jun. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Investments	4. Investments See Note 1 of the Notes to the Financial Statements included in the 2018 Annual Report for a description of the Company’s accounting policies for investments and Note 6 for information about the fair value hierarchy for investments and the related valuation methodologies. Fixed Maturity Securities Available-for-sale (“AFS”) Fixed Maturity Securities AFS by Sector The following table presents the fixed maturity securities AFS by sector at: June 30, 2019 December 31, 2018 Amortized Gross Unrealized Estimated Amortized Gross Unrealized Estimated Gains Temporary OTTI Gains Temporary OTTI (In thousands) Fixed maturity securities: (1) U.S. corporate $ 1,251,600 $ 57,287 $ 2,807 $ — $ 1,306,080 $ 890,676 $ 5,402 $ 23,034 $ — $ 873,044 U.S. government and agency 299,264 22,155 23 — 321,396 511,255 9,961 13,697 — 507,519 Foreign corporate 395,861 14,648 4,493 — 406,016 368,149 1,473 17,258 — 352,364 CMBS 279,986 15,213 139 — 295,060 325,491 1,481 4,121 — 322,851 RMBS 306,421 11,692 1,162 — 316,951 200,827 4,643 2,882 — 202,588 ABS 75,917 674 297 — 76,294 79,806 158 1,133 — 78,831 State and political subdivision 65,825 8,829 — — 74,654 66,131 4,777 1,083 — 69,825 Foreign government 20,100 1,326 86 — 21,340 27,466 140 995 — 26,611 Total fixed maturity securities $ 2,694,974 $ 131,824 $ 9,007 $ — $ 2,817,791 $ 2,469,801 $ 28,035 $ 64,203 $ — $ 2,433,633 __________________ (1) Redeemable preferred stock is reported within foreign corporate fixed maturity securities. Included within fixed maturity securities are structured securities including residential mortgage-backed securities (“RMBS”), commercial mortgage-backed securities (“CMBS”) and asset-backed securities (“ABS”) (collectively, “Structured Securities”). The Company held no non-income producing fixed maturity securities at either June 30, 2019 and December 31, 2018 . Maturities of Fixed Maturity Securities The amortized cost and estimated fair value of fixed maturity securities, by contractual maturity date, were as follows at June 30, 2019 : Due in One Year or Less Due After One Year Through Five Years Due After Five Years Through Ten Years Due After Ten Years Structured Securities Total Fixed Maturity Securities (In thousands) Amortized cost $ 51,742 $ 345,953 $ 898,441 $ 736,514 $ 662,324 $ 2,694,974 Estimated fair value $ 52,130 $ 353,075 $ 935,970 $ 788,311 $ 688,305 $ 2,817,791 Actual maturities may differ from contractual maturities due to the exercise of call or prepayment options. Fixed maturity securities not due at a single maturity date have been presented in the year of final contractual maturity. Structured Securities are shown separately, as they are not due at a single maturity. Continuous Gross Unrealized Losses for Fixed Maturity Securities AFS by Sector The following table presents the estimated fair value and gross unrealized losses of fixed maturity securities AFS in an unrealized loss position, aggregated by sector and by length of time that the securities have been in a continuous unrealized loss position at: June 30, 2019 December 31, 2018 Less than 12 Months Equal to or Greater than 12 Months Less than 12 Months Equal to or Greater than 12 Months Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses (Dollars in thousands) Fixed maturity securities: U.S. corporate $ 50,818 $ 1,217 $ 66,497 $ 1,590 $ 483,424 $ 15,849 $ 131,812 $ 7,185 U.S. government and agency — — 8,682 23 102,447 1,925 296,265 11,772 Foreign corporate 46,883 1,250 39,765 3,243 194,924 10,156 72,803 7,102 CMBS 183 2 7,332 137 119,412 1,909 44,775 2,212 RMBS 8,628 143 17,840 1,019 57,510 1,746 28,573 1,136 ABS 24,476 183 10,594 114 51,028 985 11,699 148 State and political subdivision — — — — 18,260 744 13,999 339 Foreign government 1,571 86 — — 7,435 716 6,782 279 Total fixed maturity securities $ 132,559 $ 2,881 $ 150,710 $ 6,126 $ 1,034,440 $ 34,030 $ 606,708 $ 30,173 Total number of securities in an unrealized loss position 63 60 364 146 Evaluation of AFS Securities for OTTI and Evaluating Temporarily Impaired AFS Securities Evaluation and Measurement Methodologies Management considers a wide range of factors about the security issuer and uses its best judgment in evaluating the cause of the decline in the estimated fair value of the security and in assessing the prospects for near-term recovery. Inherent in management’s evaluation of the security are assumptions and estimates about the operations of the issuer and its future earnings potential. Considerations used in the impairment evaluation process include, but are not limited to: (i) the length of time and the extent to which the estimated fair value has been below amortized cost; (ii) the potential for impairments when the issuer is experiencing significant financial difficulties; (iii) the potential for impairments in an entire industry sector or sub-sector; (iv) the potential for impairments in certain economically depressed geographic locations; (v) the potential for impairments where the issuer, series of issuers or industry has suffered a catastrophic loss or has exhausted natural resources; (vi) whether the Company has the intent to sell or will more likely than not be required to sell a particular security before the decline in estimated fair value below amortized cost recovers; (vii) with respect to Structured Securities, changes in forecasted cash flows after considering the quality of underlying collateral, expected prepayment speeds, current and forecasted loss severity, consideration of the payment terms of the underlying assets backing a particular security, and the payment priority within the tranche structure of the security; (viii) the potential for impairments due to weakening of foreign currencies on non-functional currency denominated fixed maturity securities that are near maturity; and (ix) other subjective factors, including concentrations and information obtained from regulators and rating agencies. For securities in an unrealized loss position, an OTTI is recognized in earnings when it is anticipated that the amortized cost will not be recovered. When either: (i) the Company has the intent to sell the security; or (ii) it is more likely than not that the Company will be required to sell the security before recovery, the OTTI recognized in earnings is the entire difference between the security’s amortized cost and estimated fair value. If neither of these conditions exists, the difference between the amortized cost of the security and the present value of projected future cash flows expected to be collected is recognized as an OTTI in earnings (“credit loss”). If the estimated fair value is less than the present value of projected future cash flows expected to be collected, this portion of OTTI related to other-than-credit factors (“noncredit loss”) is recorded in other comprehensive income (“OCI”). Current Period Evaluation Based on the Company’s current evaluation of its AFS securities in an unrealized loss position in accordance with its impairment policy, and the Company’s current intentions and assessments (as applicable to the type of security) about holding, selling and any requirements to sell these securities, the Company concluded that these securities were not other-than-temporarily impaired at June 30, 2019 . Gross unrealized losses on fixed maturity securities decreased $55.2 million during the six months ended June 30, 2019 to $9.0 million . The decrease in gross unrealized losses for the six months ended June 30, 2019 was primarily attributable to decreasing longer-term interest rates and narrowing credit spreads. At June 30, 2019 , $928 thousand of the total $9.0 million of gross unrealized losses were from one fixed maturity security with an unrealized loss position of 20% Mortgage Loans Mortgage Loans by Portfolio Segment Mortgage loans are summarized as follows at: June 30, 2019 December 31, 2018 Carrying Value % of Total Carrying Value % of Total (Dollars in thousands) Mortgage loans: Commercial $ 364,139 69.9 % $ 310,681 69.3 % Agricultural 158,647 30.5 139,361 31.1 Subtotal 522,786 100.4 450,042 100.4 Valuation allowances (1) (2,142 ) (0.4 ) (1,937 ) (0.4 ) Total mortgage loans, net $ 520,644 100.0 % $ 448,105 100.0 % __________________ (1) The valuation allowances were primarily from collective evaluation (non-specific loan related). Information on commercial and agricultural mortgage loans is presented in the tables below. Valuation Allowance Methodology Mortgage loans are considered to be impaired when it is probable that, based upon current information and events, the Company will be unable to collect all amounts due under the loan agreement. Specific valuation allowances are established using the same methodology for both portfolio segments as the excess carrying value of a loan over either (i) the present value of expected future cash flows discounted at the loan’s original effective interest rate, (ii) the estimated fair value of the loan’s underlying collateral if the loan is in the process of foreclosure or otherwise collateral dependent, or (iii) the loan’s observable market price. A common evaluation framework is used for establishing non-specific valuation allowances for both loan portfolio segments; however, a separate non-specific valuation allowance is calculated and maintained for each loan portfolio segment that is based on inputs unique to each loan portfolio segment. Non-specific valuation allowances are established for pools of loans with similar risk characteristics where a property-specific or market-specific risk has not been identified, but for which the Company expects to incur a credit loss. These evaluations are based upon several loan portfolio segment-specific factors, including the Company’s experience for loan losses, defaults and loss severity, and loss expectations for loans with similar risk characteristics. These evaluations are revised as conditions change and new information becomes available. Credit Quality of Commercial Mortgage Loans The credit quality of commercial mortgage loans was as follows at: Recorded Investment Debt Service Coverage Ratios % of Total > 1.20x 1.00x - 1.20x < 1.00x Total (Dollars in thousands) June 30, 2019 Loan-to-value ratios: Less than 65% $ 335,635 $ 5,000 $ — $ 340,635 93.5 % 65% to 75% 19,224 — — 19,224 5.3 76% to 80% 4,280 — — 4,280 1.2 Total $ 359,139 $ 5,000 $ — $ 364,139 100.0 % December 31, 2018 Loan-to-value ratios: Less than 65% $ 273,681 $ 5,000 $ 13,447 $ 292,128 94.0 % 65% to 75% 14,257 — — 14,257 4.6 76% to 80% 4,296 — — 4,296 1.4 Total $ 292,234 $ 5,000 $ 13,447 $ 310,681 100.0 % Credit Quality of Agricultural Mortgage Loans The credit quality of agricultural mortgage loans was as follows at: June 30, 2019 December 31, 2018 Recorded Investment % of Total Recorded Investment % of Total (Dollars in thousands) Loan-to-value ratios: Less than 65% $ 150,530 94.9 % $ 133,884 96.1 % 65% to 75% 8,117 5.1 5,477 3.9 Total $ 158,647 100.0 % $ 139,361 100.0 % Past Due, Nonaccrual and Modified Mortgage Loans The Company has a high quality, well performing mortgage loan portfolio, with all mortgage loans classified as performing at both June 30, 2019 and December 31, 2018 . The Company defines delinquency consistent with industry practice, when mortgage loans are past due as follows: commercial mortgage loans — 60 days and agricultural mortgage loans — 90 days. The Company had no commercial or agricultural mortgage loans past due or in nonaccrual status at either June 30, 2019 or December 31, 2018 . During the three months and six months ended June 30, 2019 and 2018 , the Company had no mortgage loans modified in a troubled debt restructuring. Cash Equivalents The carrying value of cash equivalents, which includes securities and other investments with an original or remaining maturity of three months or less at the time of purchase, was $0 and $89.9 million at June 30, 2019 and December 31, 2018 , respectively. Net Unrealized Investment Gains (Losses) Unrealized investment gains (losses) on fixed maturity securities and the effect on DAC, deferred sales inducements (“DSI”) and future policy benefits, that would result from the realization of the unrealized gains (losses), are included in net unrealized investment gains (losses) in accumulated other comprehensive income (“AOCI”). The components of net unrealized investment gains (losses), included in AOCI, were as follows: June 30, 2019 December 31, 2018 (In thousands) Fixed maturity securities $ 122,817 $ (36,166 ) Derivatives 8,859 5,791 Subtotal 131,676 (30,375 ) Amounts allocated from: DAC and DSI (15,600 ) 11,299 Deferred income tax benefit (expense) (24,376 ) 4,005 Net unrealized investment gains (losses) $ 91,700 $ (15,071 ) The changes in net unrealized investment gains (losses) were as follows: Six Months Ended (In thousands) Balance, December 31, 2018 $ (15,071 ) Unrealized investment gains (losses) during the period 162,051 Unrealized investment gains (losses) relating to: DAC and DSI (26,899 ) Deferred income tax benefit (expense) (28,381 ) Balance, June 30, 2019 $ 91,700 Change in net unrealized investment gains (losses) $ 106,771 Concentrations of Credit Risk There were no investments in any counterparty that were greater than 10% of the Company’s equity, other than the U.S. government and its agencies, at both June 30, 2019 and December 31, 2018 . Invested Assets on Deposit and Pledged as Collateral Invested assets on deposit and pledged as collateral are presented below at estimated fair value: June 30, 2019 December 31, 2018 (In thousands) Invested assets on deposit (regulatory deposits) $ 1,598 $ 1,482 Invested assets pledged as collateral (1) 6,270 158 Total invested assets on deposit and pledged as collateral (2) $ 7,868 $ 1,640 __________________ (1) The Company has pledged invested assets in connection with derivative transactions (see Note 5 ). (2) The Company held no restricted cash at either June 30, 2019 or December 31, 2018. Variable Interest Entities The Company has invested in legal entities that are variable interest entities (“VIEs”). VIEs are consolidated when the investor is the primary beneficiary. A primary beneficiary is the variable interest holder in a VIE with both the power to direct the activities of the VIE that most significantly impact the economic performance of the VIE and the obligation to absorb losses, or the right to receive benefits that could potentially be significant to the VIE. There were no material VIEs for which the Company has concluded that it is the primary beneficiary at June 30, 2019 or December 31, 2018. The Company’s investments in unconsolidated VIEs are described below. Fixed Maturity Securities The Company invests in U.S. corporate bonds, foreign corporate bonds, and Structured Securities issued by VIEs. The Company is not obligated to provide any financial or other support to these VIEs, other than the original investment. The Company’s involvement with these entities is limited to that of a passive investor. The Company has no unilateral right to appoint or remove the servicer, special servicer, or investment manager, which are generally viewed as having the power to direct the activities that most significantly impact the economic performance of the VIE, nor does the Company function in any of these roles. The Company does not have the obligation to absorb losses or the right to receive benefits from the entity that could potentially be significant to the entity; as a result, the Company has determined it is not the primary beneficiary, or consolidator, of the VIE. The Company’s maximum exposure to loss on these fixed maturity securities is limited to the amortized cost of these investments. See “— Fixed Maturity Securities AFS” for information on these securities. The carrying amount and maximum exposure to loss related to the VIEs in which the Company concluded that it holds a variable interest, but is not the primary beneficiary, were as follows at: June 30, 2019 December 31, 2018 Carrying Maximum Carrying Maximum (In thousands) Fixed maturity securities $ 396,963 $ 379,151 $ 409,699 $ 409,699 Net Investment Income The components of net investment income were as follows: Three Months Ended Six Months Ended 2019 2018 2019 2018 (In thousands) Investment income: Fixed maturity securities $ 24,785 $ 20,937 $ 47,698 $ 41,302 Mortgage loans 4,919 4,314 8,818 8,505 Cash, cash equivalents and short-term investments 765 298 1,152 456 Other 361 225 711 321 Subtotal 30,830 25,775 58,379 50,585 Less: Investment expenses 1,114 1,686 2,170 2,565 Net investment income $ 29,716 $ 24,089 $ 56,209 $ 48,020 See “— Related Party Investment Transactions” for discussion of related party investment expenses. Net Investment Gains (Losses) Components of Net Investment Gains (Losses) The components of net investment gains (losses) were as follows: Three Months Ended Six Months Ended 2019 2018 2019 2018 (In thousands) Fixed maturity securities $ 5,662 $ (2,123 ) $ 5,194 $ (4,962 ) Mortgage loans (136 ) 135 (205 ) 53 Other (54 ) (75 ) 31 491 Total net investment gains (losses) $ 5,472 $ (2,063 ) $ 5,020 $ (4,418 ) Gains (losses) from foreign currency transactions included within net investment gains (losses) were ($7) thousand and $3 thousand for the three months and six months ended June 30, 2019 , respectively, and ($122) thousand and $292 thousand for the three months and six months ended June 30, 2018 , respectively. Sales or Disposals of Fixed Maturity Securities Investment gains and losses on sales of securities are determined on a specific identification basis. Proceeds from sales or disposals of fixed maturity securities and the components of fixed maturity securities net investment gains (losses) were as shown in the table below. Three Months Ended Six Months Ended 2019 2018 2019 2018 (In thousands) Proceeds $ 358,205 $ 73,115 $ 413,682 $ 126,676 Gross investment gains $ 6,501 $ 21 $ 6,651 $ 36 Gross investment losses (839 ) (2,144 ) (1,457 ) (4,998 ) Net investment gains (losses) $ 5,662 $ (2,123 ) $ 5,194 $ (4,962 ) Related Party Investment Transactions The Company receives investment administrative services from MetLife Investment Advisors, LLC, which was considered a related party investment manager until the completion of the MetLife Divestiture. The related investment administrative service charges were $1.5 million and $2.3 million for the three months and six months ended June 30, 2018 , respectively. All of the charges reported as related party activity in 2018 occurred prior to the MetLife Divestiture. See Note 1 regarding the MetLife Divestiture.

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	5. Derivatives Derivative Strategies The Company maintains an overall risk management strategy that incorporates the use of derivative instruments to minimize its exposure to various market risks, including interest rate, foreign currency exchange rate and equity market. Derivatives are financial instruments with values derived from interest rates, foreign currency exchange rates and/or financial indices. Derivatives may be exchange-traded or contracted in the over-the-counter (“OTC”) market. The Company’s OTC derivatives are settled bilateral contracts between two counterparties (“OTC-bilateral”). Interest Rate Derivatives Interest rate caps: The Company uses interest rate caps to protect against interest rate exposure arising from mismatches between assets and liabilities. Interest rate caps are used in nonqualifying hedging relationships. Foreign Currency Exchange Rate Derivatives Foreign currency swaps: The Company uses foreign currency swaps to convert foreign currency denominated cash flows to U.S. dollars to reduce cash flow fluctuations due to changes in currency exchange rates. Foreign currency swaps are used in cash flow and nonqualifying hedging relationships. Equity Derivatives Equity index options: The Company uses equity index options to hedge index-linked annuity products against adverse changes in equity markets. Equity index options are used in nonqualifying hedging relationships. Primary Risks Managed by Derivatives The following table presents the primary underlying risk exposure, gross notional amount, and estimated fair value of the Company’s derivatives, held at: June 30, 2019 December 31, 2018 Primary Underlying Risk Exposure Gross Notional Estimated Fair Value Gross Notional Estimated Fair Value Assets Liabilities Assets Liabilities (In thousands) Derivatives Designated as Hedging Instruments: Cash flow hedges: Foreign currency swaps Foreign currency exchange rate $ 89,224 $ 8,754 $ 249 $ 82,704 $ 5,649 $ 187 Derivatives Not Designated or Not Qualifying as Hedging Instruments: Interest rate caps Interest rate 800,000 2,925 — 800,000 9,284 — Foreign currency swaps Foreign currency exchange rate 17,892 4,249 123 28,133 3,395 144 Equity index options Equity market 1,692,574 33,462 14,859 2,154,321 10,389 96 Total non-designated or nonqualifying derivatives 2,510,466 40,636 14,982 2,982,454 23,068 240 Embedded derivatives: Ceded guaranteed minimum income benefits Other N/A 330,407 — N/A 298,112 — Direct guaranteed minimum benefits Other N/A — (23,278 ) N/A — (18,811 ) Direct index-linked annuities Other N/A — 93,212 N/A — 5,617 Total embedded derivatives Other N/A 330,407 69,934 N/A 298,112 (13,194 ) Total $ 2,599,690 $ 379,797 $ 85,165 $ 3,065,158 $ 326,829 $ (12,767 ) The following tables present the amount and location of gains (losses), including earned income, recognized for derivatives and gains (losses) pertaining to hedged items presented in net derivative gains (losses): Net Derivative Gains (Losses) Recognized for Derivatives Net Derivative Gains (Losses) Recognized for Hedged Items Net Investment Income Amount of Gains (Losses) deferred in AOCI (In thousands) Three Months Ended June 30, 2019 Derivatives Designated as Hedging Instruments: Cash flow hedges: Foreign currency exchange rate derivatives $ 3 $ (8 ) $ 353 $ 4,106 Total cash flow hedges 3 (8 ) 353 4,106 Derivatives Not Designated or Not Qualifying as Hedging Instruments: Interest rate derivatives (1,847 ) — — — Foreign currency exchange rate derivatives 1,091 (96 ) — — Equity derivatives 13,571 — — — Embedded derivatives 14,594 — — — Total non-qualifying hedges 27,409 (96 ) — — Total $ 27,412 $ (104 ) $ 353 $ 4,106 Three Months Ended June 30, 2018 Derivatives Designated as Hedging Instruments: Cash flow hedges: Foreign currency exchange rate derivatives $ 49 $ — $ 215 $ 3,576 Total cash flow hedges 49 — 215 3,576 Derivatives Not Designated or Not Qualifying as Hedging Instruments: Interest rate derivatives 12 — — — Foreign currency exchange rate derivatives 1,265 (256 ) — — Equity derivatives 1,722 — — — Embedded derivatives (23,904 ) — — — Total non-qualifying hedges (20,905 ) (256 ) — — Total $ (20,856 ) $ (256 ) $ 215 $ 3,576 Net Derivative Gains (Losses) Recognized for Derivatives Net Derivative Gains (Losses) Recognized for Hedged Items Net Investment Income Amount of Gains (Losses) deferred in AOCI (In thousands) Six Months Ended June 30, 2019 Derivatives Designated as Hedging Instruments: Cash flow hedges: Foreign currency exchange rate derivatives $ 3 $ (14 ) $ 623 $ 3,071 Total cash flow hedges 3 (14 ) 623 3,071 Derivatives Not Designated or Not Qualifying as Hedging Instruments: Interest rate derivatives (6,359 ) — — — Foreign currency exchange rate derivatives 1,055 (2 ) — — Equity derivatives 49,687 — — — Embedded derivatives (20,307 ) — — — Total non-qualifying hedges 24,076 (2 ) — — Total $ 24,079 $ (16 ) $ 623 $ 3,071 Six Months Ended June 30, 2018 Derivatives Designated as Hedging Instruments: Cash flow hedges: Foreign currency exchange rate derivatives $ 55 $ — $ 401 $ 902 Total cash flow hedges 55 — 401 902 Derivatives Not Designated or Not Qualifying as Hedging Instruments: Interest rate derivatives (3,990 ) — — — Foreign currency exchange rate derivatives 293 (104 ) — — Equity derivatives (7,014 ) — — — Embedded derivatives (54,614 ) — — — Total non-qualifying hedges (65,325 ) (104 ) — — Total $ (65,270 ) $ (104 ) $ 401 $ 902 At June 30, 2019 and December 31, 2018 , the balance in AOCI associated with cash flow hedges was $8.9 million and $5.8 million , respectively. Counterparty Credit Risk The Company may be exposed to credit-related losses in the event of counterparty nonperformance on derivative instruments. Generally, the credit exposure is the fair value at the reporting date less any collateral received from the counterparty. The Company manages its credit risk by: (i) entering into derivative transactions with creditworthy counterparties governed by master netting agreements; (ii) trading through regulated exchanges and central clearing counterparties; (iii) obtaining collateral, such as cash and securities, when appropriate; and (iv) setting limits on single party credit exposures which are subject to periodic management review. See Note 6 for a description of the impact of credit risk on the valuation of derivatives. The estimated fair values of the Company’s net derivative assets and net derivative liabilities after the application of master netting agreements and collateral were as follows at: Gross Amounts Not Offset on the Balance Sheets Gross Amount Recognized Financial Instruments (1) Collateral Received/Pledged (2) Net Amount Off-balance Sheet Securities Collateral (3) Net Amount After Securities Collateral (In thousands) June 30, 2019 Derivative assets $ 49,664 $ (10,170 ) $ (31,818 ) $ 7,676 $ (3,915 ) $ 3,761 Derivative liabilities $ 15,211 $ (10,170 ) $ — $ 5,041 $ (5,041 ) $ — December 31, 2018 Derivative assets $ 29,006 $ (365 ) $ (23,197 ) $ 5,444 $ (2,212 ) $ 3,232 Derivative liabilities $ 411 $ (365 ) $ — $ 46 $ (46 ) $ — __________________ (1) Represents amounts subject to an enforceable master netting agreement or similar agreement. (2) The amount of cash collateral offset in the table above is limited to the net estimated fair value of derivatives after application of netting agreement. (3) Securities collateral received by the Company is not recorded on the balance sheet. Amounts do not include excess of collateral pledged or received. The Company’s collateral arrangements generally require the counterparty in a net liability position, after considering the effect of netting agreements, to pledge collateral when the amount owed by that counterparty reaches a minimum transfer amount. Certain of these arrangements also include credit contingent provisions which permit the party with positive fair value to terminate the derivative at the current fair value or demand immediate full collateralization from the party in a net liability position, in the event that the financial strength or credit rating of the party in a net liability position falls below a certain level. The following table presents the aggregate estimated fair value of derivatives in a net liability position containing such credit contingent provisions and the aggregate estimated fair value of assets posted as collateral for such instruments. June 30, 2019 December 31, 2018 (In thousands) Estimated fair value of derivatives in a net liability position (1) $ 5,041 $ 46 Estimated Fair Value of Collateral Provided (2): Fixed maturity securities $ 6,270 $ 158 __________________ (1) After taking into consideration the existence of netting agreements. (2) Substantially all of the Company’s collateral arrangements provide for daily posting of collateral for the full value of the derivative contract. As a result, if the credit contingent provisions of derivative contracts in a net liability position were triggered minimal additional assets would be required to be posted as collateral or needed to settle the instruments immediately.

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value	6. Fair Value Considerable judgment is often required in interpreting market data to develop estimates of fair value, and the use of different assumptions or valuation methodologies may have a material effect on the estimated fair value amounts. Recurring Fair Value Measurements The assets and liabilities measured at estimated fair value on a recurring basis and their corresponding placement in the fair value hierarchy, are presented below. Investments that do not have a readily determinable fair value and are measured at net asset value (or equivalent) as a practical expedient to estimated fair value are excluded from the fair value hierarchy. June 30, 2019 Fair Value Hierarchy Level 1 Level 2 Level 3 Total (In thousands) Assets Fixed maturity securities: U.S. corporate $ — $ 1,302,367 $ 3,713 $ 1,306,080 U.S. government and agency 191,142 130,254 — 321,396 Foreign corporate — 388,308 17,708 406,016 CMBS — 295,060 — 295,060 RMBS — 316,951 — 316,951 ABS — 76,294 — 76,294 State and political subdivision — 74,654 — 74,654 Foreign government — 21,340 — 21,340 Total fixed maturity securities 191,142 2,605,228 21,421 2,817,791 Derivative assets: (1) Interest rate — 2,925 — 2,925 Foreign currency exchange rate — 13,003 — 13,003 Equity market — 33,462 — 33,462 Total derivative assets — 49,390 — 49,390 Embedded derivatives within asset host contracts (2) — — 330,407 330,407 Separate account assets — 4,612,744 — 4,612,744 Total assets $ 191,142 $ 7,267,362 $ 351,828 $ 7,810,332 Liabilities Derivative liabilities: (1) Foreign currency exchange rate $ — $ 372 $ — $ 372 Equity market — 14,859 — 14,859 Total derivative liabilities — 15,231 — 15,231 Embedded derivatives within liability host contracts (2) — — 69,934 69,934 Total liabilities $ — $ 15,231 $ 69,934 $ 85,165 December 31, 2018 Fair Value Hierarchy Level 1 Level 2 Level 3 Total Estimated (In thousands) Assets Fixed maturity securities: U.S. corporate $ — $ 869,498 $ 3,546 $ 873,044 U.S. government and agency 389,491 118,028 — 507,519 Foreign corporate — 342,600 9,764 352,364 CMBS — 318,120 4,731 322,851 RMBS — 202,588 — 202,588 ABS — 78,831 — 78,831 State and political subdivision — 69,825 — 69,825 Foreign government — 26,611 — 26,611 Total fixed maturity securities 389,491 2,026,101 18,041 2,433,633 Derivative assets: (1) Interest rate — 9,284 — 9,284 Foreign currency exchange rate — 8,572 472 9,044 Equity market — 10,389 — 10,389 Total derivative assets — 28,245 472 28,717 Embedded derivatives within asset host contracts (2) — — 298,112 298,112 Separate account assets — 4,268,423 — 4,268,423 Total assets $ 389,491 $ 6,322,769 $ 316,625 $ 7,028,885 Liabilities Derivative liabilities: (1) Foreign currency exchange rate $ — $ 331 $ — $ 331 Equity market — 96 — 96 Total derivative liabilities — 427 — 427 Embedded derivatives within liability host contracts (2) — — (13,194 ) (13,194 ) Total liabilities $ — $ 427 $ (13,194 ) $ (12,767 ) ______________ (1) Derivative assets are presented within other invested assets on the balance sheets and derivative liabilities are presented within other liabilities on the balance sheets. The amounts are presented gross in the tables above to reflect the presentation on the balance sheets. (2) Embedded derivatives within asset host contracts are presented within premiums, reinsurance and other receivables and other invested assets on the balance sheets. Embedded derivatives within liability host contracts are presented within policyholder account balances on the balance sheets. Valuation Controls and Procedures The Company monitors and provides oversight of valuation controls and policies for securities, mortgage loans and derivatives, which are primarily executed by its valuation service providers. The valuation methodologies used to determine fair values prioritize the use of observable market prices and market-based parameters and determines that judgmental valuation adjustments, when applied, are based upon established policies and are applied consistently over time. The valuation methodologies for securities, mortgage loans and derivatives are reviewed on an ongoing basis and revised when necessary. In addition, the Chief Accounting Officer periodically reports to the Audit Committee of Brighthouse Financial’s Board of Directors regarding compliance with fair value accounting standards. The fair value of financial assets and financial liabilities is based on quoted market prices, where available. The Company assesses whether prices received represent a reasonable estimate of fair value through controls designed to ensure valuations represent an exit price. Valuation service providers perform several controls, including certain monthly controls, which include, but are not limited to, analysis of portfolio returns to corresponding benchmark returns, comparing a sample of executed prices of securities sold to the fair value estimates, reviewing the bid/ask spreads to assess activity, comparing prices from multiple independent pricing services and ongoing due diligence to confirm that independent pricing services use market-based parameters. The process includes a determination of the observability of inputs used in estimated fair values received from independent pricing services or brokers by assessing whether these inputs can be corroborated by observable market data. Independent non-binding broker quotes, also referred to herein as “consensus pricing,” are used for non-significant portion of the portfolio. Prices received from independent brokers are assessed to determine if they represent a reasonable estimate of fair value by considering such pricing relative to the current market dynamics and current pricing for similar financial instruments. Valuation service providers also apply a formal process to challenge any prices received from independent pricing services that are not considered representative of estimated fair value. If prices received from independent pricing services are not considered reflective of market activity or representative of estimated fair value, independent non-binding broker quotations are obtained. If obtaining an independent non-binding broker quotation is unsuccessful, valuation service providers will use the last available price. The Company reviews outputs of the valuation service providers’ controls and performs additional controls, including certain monthly controls, which include but are not limited to, performing balance sheet analytics to assess reasonableness of period to period pricing changes, including any price adjustments. Price adjustments are applied if prices or quotes received from independent pricing services or brokers are not considered reflective of market activity or representative of estimated fair value. The Company did not have significant price adjustments during the six months ended June 30, 2019 . Determination of Fair Value Fixed Maturity Securities The fair values for actively traded marketable bonds, primarily U.S. government and agency securities, are determined using the quoted market prices and are classified as Level 1 assets. For fixed maturity securities classified as Level 2 assets, fair values are determined using either a market or income approach and are valued based on a variety of observable inputs as described below. U.S. corporate and foreign corporate securities: Fair value is determined using third-party commercial pricing services, with the primary inputs being quoted prices in markets that are not active, benchmark yields, spreads off benchmark yields, new issuances, issuer rating, trades of identical or comparable securities, or duration. Privately-placed securities are valued using the additional key inputs: market yield curve, call provisions, observable prices and spreads for similar public or private securities that incorporate the credit quality and industry sector of the issuer, and delta spread adjustments to reflect specific credit-related issues. U.S. government and agency, state and political subdivision and foreign government securities: Fair value is determined using third-party commercial pricing services, with the primary inputs being quoted prices in markets that are not active, benchmark U.S. Treasury yield or other yields, spread off the U.S. Treasury yield curve for the identical security, issuer ratings and issuer spreads, broker dealer quotes, and comparable securities that are actively traded. Structured Securities: Fair value is determined using third-party commercial pricing services, with the primary inputs being quoted prices in markets that are not active, spreads for actively traded securities, spreads off benchmark yields, expected prepayment speeds and volumes, current and forecasted loss severity, ratings, geographic region, weighted average coupon and weighted average maturity, average delinquency rates and debt-service coverage ratios. Other issuance-specific information is also used, including, but not limited to; collateral type, structure of the security, vintage of the loans, payment terms of the underlying asset, payment priority within tranche, and deal performance. Derivatives The fair values for OTC-bilateral derivatives classified as Level 2 assets or liabilities are determined using the income approach. Valuations of non-option-based derivatives utilize present value techniques, whereas valuations of option-based derivatives utilize option pricing models which are based on market standard valuation methodologies and a variety of observable inputs. The significant inputs to the pricing models for most OTC-bilateral derivatives are inputs that are observable in the market or can be derived principally from, or corroborated by, observable market data. Certain OTC-bilateral derivatives may rely on inputs that are significant to the estimated fair value that are not observable in the market or cannot be derived principally from, or corroborated by, observable market data. These unobservable inputs may involve significant management judgment or estimation. Even though unobservable, these inputs are based on assumptions deemed appropriate given the circumstances and management believes they are consistent with what other market participants would use when pricing such instruments. Most inputs for OTC-bilateral derivatives are mid-market inputs but, in certain cases, liquidity adjustments are made when they are deemed more representative of exit value. Market liquidity, as well as the use of different methodologies, assumptions and inputs, may have a material effect on the estimated fair values of the Company’s derivatives and could materially affect net income. The credit risk of both the counterparty and the Company are considered in determining the estimated fair value for all OTC-bilateral derivatives, and any potential credit adjustment is based on the net exposure by counterparty after taking into account the effects of netting agreements and collateral arrangements. The Company values its OTC-bilateral derivatives using standard swap curves which may include a spread to the risk-free rate, depending upon specific collateral arrangements. This credit spread is appropriate for those parties that execute trades at pricing levels consistent with similar collateral arrangements. As the Company and its significant derivative counterparties generally execute trades at such pricing levels and hold sufficient collateral, additional credit risk adjustments are not currently required in the valuation process. The Company’s ability to consistently execute at such pricing levels is in part due to the netting agreements and collateral arrangements that are in place with all of its significant derivative counterparties. An evaluation of the requirement to make additional credit risk adjustments is performed by the Company each reporting period. Embedded Derivatives Embedded derivatives principally include certain direct variable annuity guarantees and certain affiliated ceded reinsurance agreements related to such variable annuity guarantees. Embedded derivatives are recorded at estimated fair value with changes in estimated fair value reported in net income. The Company issues certain variable annuity products with guaranteed minimum benefits. GMWBs, GMABs and certain GMIBs contain embedded derivatives, which are measured at estimated fair value separately from the host variable annuity contract, with changes in estimated fair value reported in net derivative gains (losses). These embedded derivatives are classified within policyholder account balances on the balance sheets. The Company determines the fair value of these embedded derivatives by estimating the present value of projected future benefits minus the present value of projected future fees using actuarial and capital market assumptions including expectations of policyholder behavior. The calculation is based on in-force business, and is performed using standard actuarial valuation software which projects future cash flows from the embedded derivative over multiple risk neutral stochastic scenarios using observable risk-free rates. The percentage of fees included in the initial fair value measurement is not updated in subsequent periods. Capital market assumptions, such as risk-free rates and implied volatilities, are based on market prices for publicly traded instruments to the extent that prices for such instruments are observable. Implied volatilities beyond the observable period are extrapolated based on observable implied volatilities and historical volatilities. Actuarial assumptions, including mortality, lapse, withdrawal and utilization, are unobservable and are reviewed at least annually based on actuarial studies of historical experience. The valuation of these guarantee liabilities includes nonperformance risk adjustments and adjustments for a risk margin related to non-capital market inputs. The nonperformance adjustment is determined by taking into consideration publicly available information relating to spreads in the secondary market for BHF’s debt. These observable spreads are then adjusted to reflect the priority of these liabilities and claims paying ability of the issuing insurance subsidiaries as compared to BHF’s overall financial strength. Risk margins are established to capture the non-capital market risks of the instrument which represent the additional compensation a market participant would require to assume the risks related to the uncertainties of such actuarial assumptions as annuitization, premium persistency, partial withdrawal and surrenders. The establishment of risk margins requires the use of significant management judgment, including assumptions of the amount and cost of capital needed to cover the guarantees. Transfers Into or Out of Level 3: Assets and liabilities are transferred into Level 3 when a significant input cannot be corroborated with market observable data. This occurs when market activity decreases significantly and underlying inputs cannot be observed, current prices are not available, and/or when there are significant variances in quoted prices, thereby affecting transparency. Assets and liabilities are transferred out of Level 3 when circumstances change such that a significant input can be corroborated with market observable data. This may be due to a significant increase in market activity, a specific event, or one or more significant input(s) becoming observable. Assets and Liabilities Measured at Fair Value Using Significant Unobservable Inputs (Level 3) The following table presents certain quantitative information about the significant unobservable inputs used in the fair value measurement, and the sensitivity of the estimated fair value to changes in those inputs, for the more significant asset and liability classes measured at fair value on a recurring basis using significant unobservable inputs (Level 3) at: June 30, 2019 December 31, 2018 Impact of Increase in Input on Estimated Valuation Techniques Significant Unobservable Inputs Range Embedded derivatives Direct, assumed and ceded guaranteed minimum benefits • Option pricing techniques • Mortality rates 0.02% - 11.31% 0.02% - 11.31% Decrease (1) • Lapse rates 0.25% - 16.00% 0.25% - 16.00% Decrease (2) • Utilization rates 0.00% - 25.00% 0.00% - 25.00% Increase (3) • Withdrawal rates 0.25% - 10.00% 0.25% - 10.00% (4) • Long-term equity volatilities 16.50% - 22.00% 16.50% - 22.00% Increase (5) • Nonperformance risk spread 0.94% - 2.43% 1.91% - 2.66% Decrease (6) ______________ (1) Mortality rates vary by age and by demographic characteristics such as gender. Range shown reflects the mortality rate for policyholders between 35 and 90 years old, which represents the majority of the business with living benefits. Mortality rate assumptions are set based on company experience and include an assumption for mortality improvement. (2) Range reflects base lapse rates for major product categories for duration 1-20, which represents majority of business with living benefit riders. Base lapse rates are adjusted at the contract level based on a comparison of the actuarially calculated guaranteed values and the current policyholder account value, as well as other factors, such as the applicability of any surrender charges. A dynamic lapse function reduces the base lapse rate when the guaranteed amount is greater than the account value as in-the-money contracts are less likely to lapse. Lapse rates are also generally assumed to be lower in periods when a surrender charge applies. (3) The utilization rate assumption estimates the percentage of contract holders with a GMIB or lifetime withdrawal benefit who will elect to utilize the benefit upon becoming eligible in a given year. The range shown represents the floor and cap of the GMIB dynamic election rates across varying levels of in-the-money. For lifetime withdrawal guarantee riders, the assumption is that everyone will begin withdrawals once account value reaches zero which is equivalent to a 100% utilization rate. Utilization rates may vary by the type of guarantee, the amount by which the guaranteed amount is greater than the account value, the contract’s withdrawal history and by the age of the policyholder. (4) The withdrawal rate represents the percentage of account balance that any given policyholder will elect to withdraw from the contract each year. The withdrawal rate assumption varies by age and duration of the contract, and also by other factors such as benefit type. For any given contract, withdrawal rates vary throughout the period over which cash flows are projected for purposes of valuing the embedded derivative. For GMWBs, any increase (decrease) in withdrawal rates results in an increase (decrease) in the estimated fair value of the guarantees. For GMABs and GMIBs, any increase (decrease) in withdrawal rates results in a decrease (increase) in the estimated fair value. (5) Long-term equity volatilities represent equity volatility beyond the period for which observable equity volatilities are available. For any given contract, long-term equity volatility rates vary throughout the period over which cash flows are projected for purposes of valuing the embedded derivative. (6) Nonperformance risk spread varies by duration. For any given contract, multiple nonperformance risk spreads will apply, depending on the duration of the cash flow being discounted for purposes of valuing the embedded derivative. The Company does not develop unobservable inputs used in measuring fair value for all other assets and liabilities classified within Level 3; therefore, these are not included in the table above. The other Level 3 assets and liabilities primarily included fixed maturity securities and derivatives. For fixed maturity securities valued based on non-binding broker quotes, an increase (decrease) in credit spreads would result in a higher (lower) fair value. For derivatives valued based on third-party pricing models, an increase (decrease) in credit spreads would generally result in a higher (lower) fair value. The following tables summarize the change of all assets and (liabilities) measured at estimated fair value on a recurring basis using significant unobservable inputs (Level 3): Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Fixed Maturity Securities Corporate (1) Structured Securities Net Derivatives (2) Net Embedded (In thousands) Three Months Ended June 30, 2019 Balance, beginning of period $ 13,725 $ 10,177 $ — $ 261,740 Total realized/unrealized gains (losses) included in net income (loss) (4) (5) 9 — — 14,594 Total realized/unrealized gains (losses) included in AOCI (187 ) — — — Purchases (6) 9,000 — — — Sales (6) (63 ) — — — Issuances (6) — — — — Settlements (6) — — — (15,861 ) Transfers into Level 3 (7) — — — — Transfers out of Level 3 (7) (1,063 ) (10,177 ) — — Balance, end of period $ 21,421 $ — $ — $ 260,473 Three Months Ended June 30, 2018 Balance, beginning of period $ 92,080 $ 21,337 $ — $ 311,011 Total realized/unrealized gains (losses) included in net income (loss) (4) (5) (221 ) 78 — (23,904 ) Total realized/unrealized gains (losses) included in AOCI (3,003 ) 98 — — Purchases (6) 10,498 6,901 — — Sales (6) (4,109 ) (301 ) — — Issuances (6) — — — — Settlements (6) — — — (5,922 ) Transfers into Level 3 (7) — — — — Transfers out of Level 3 (7) — (1,951 ) — — Balance, end of period $ 95,245 $ 26,162 $ — $ 281,185 Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at June 30, 2019 (8) $ 9 $ — $ — $ 25,980 Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at June 30, 2018 (8) $ 4 $ 78 $ — $ (15,574 ) Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Fixed Maturity Securities Corporate (1) Structured Securities Net Derivatives (2) Net Embedded (In thousands) Six Months Ended June 30, 2019 Balance, beginning of period $ 13,310 $ 4,731 $ 472 $ 311,306 Total realized/unrealized gains (losses) included in net income (loss) (4) (5) 18 — — (20,307 ) Total realized/unrealized gains (losses) included in AOCI 201 — — — Purchases (6) 9,000 — — — Sales (6) (111 ) — — — Issuances (6) — — — — Settlements (6) — — — (30,526 ) Transfers into Level 3 (7) 262 — — — Transfers out of Level 3 (7) (1,259 ) (4,731 ) (472 ) — Balance, end of period $ 21,421 $ — $ — $ 260,473 Six Months Ended June 30, 2018 Balance, beginning of period $ 95,950 $ 19,557 $ — $ 347,633 Total realized/unrealized gains (losses) included in net income (loss) (4) (5) (220 ) 186 — (54,614 ) Total realized/unrealized gains (losses) included in AOCI (3,778 ) 208 — — Purchases (6) 11,285 6,901 — — Sales (6) (4,826 ) (690 ) — — Issuances (6) — — — — Settlements (6) — — — (11,834 ) Transfers into Level 3 (7) — — — — Transfers out of Level 3 (7) (3,166 ) — — — Balance, end of period $ 95,245 $ 26,162 $ — $ 281,185 Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at June 30, 2019 (8) $ 18 $ — $ — $ 39,060 Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at June 30, 2018 (8) $ 8 $ 187 $ — $ (48,637 ) ______________ (1) Comprised of U.S. and foreign corporate securities. (2) Freestanding derivative assets and liabilities are presented net for purposes of the rollforward. (3) Embedded derivative assets and liabilities are presented net for purposes of the rollforward. (4) Amortization of premium/accretion of discount is included within net investment income. Impairments charged to net income (loss) on securities are included in net investment gains (losses). Lapses associated with net embedded derivatives are included in net derivative gains (losses). Substantially all realized/unrealized gains (losses) included in net income (loss) for net embedded derivatives are reported in net derivative gains (losses). (5) Interest accruals, as well as cash interest coupons received, are excluded from the rollforward. (6) Items purchased/issued and then sold/settled in the same period are excluded from the rollforward. Fees attributed to embedded derivatives are included in settlements. (7) Gains and losses, in net income (loss) and OCI, are calculated assuming transfers into and/or out of Level 3 occurred at the beginning of the period. Items transferred into and then out of Level 3 in the same period are excluded from the rollforward. (8) Changes in unrealized gains (losses) included in net income (loss) relate to assets and liabilities still held at the end of the respective periods. Substantially all changes in unrealized gains (losses) included in net income (loss) for net embedded derivatives are reported in net derivative gains (losses). Fair Value of Financial Instruments Carried at Other Than Fair Value The following tables provide fair value information for financial instruments that are carried on the balance sheet at amounts other than fair value. These tables exclude the following financial instruments: cash and cash equivalents, accrued investment income and payables for collateral under derivative transactions. The estimated fair value of the excluded financial instruments, which are primarily classified in Level 2, approximates carrying value as they are short-term in nature such that the Company believes there is minimal risk of material changes in interest rates or credit quality. All remaining balance sheet amounts excluded from the tables below are not considered financial instruments subject to this disclosure. The carrying values and estimated fair values for such financial instruments, and their corresponding placement in the fair value hierarchy, are summarized as follows at: June 30, 2019 Fair Value Hierarchy Carrying Level 1 Level 2 Level 3 Total Estimated Fair Value (In thousands) Assets Mortgage loans $ 520,644 $ — $ — $ 538,265 $ 538,265 Premiums, reinsurance and other receivables $ 18,403 $ — $ 3,213 $ 14,265 $ 17,478 Liabilities Policyholder account balances $ 995,188 $ — $ — $ 956,791 $ 956,791 Other liabilities $ 35,047 $ — $ 35,047 $ — $ 35,047 December 31, 2018 Fair Value Hierarchy Carrying Level 1 Level 2 Level 3 Total Estimated Fair Value (In thousands) Assets Mortgage loans $ 448,105 $ — $ — $ 447,510 $ 447,510 Premiums, reinsurance and other receivables $ 20,001 $ — $ 2,314 $ 15,512 $ 17,826 Liabilities Policyholder account balances $ 1,056,419 $ — $ — $ 949,916 $ 949,916 Other liabilities $ 10,399 $ — $ 10,399 $ — $ 10,399

Equity

Equity	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Equity	7. Equity Capital Transactions During the first quarter of 2019, the Company received a cash capital contribution of $75 million from Brighthouse Life Insurance Company. Accumulated Other Comprehensive Income (Loss) Information regarding changes in the balances of each component of AOCI was as follows: Three Months Ended Unrealized Unrealized Total (In thousands) Balance, March 31, 2019 $ 26,235 $ 4,614 $ 30,849 OCI before reclassifications 78,579 4,106 82,685 Deferred income tax benefit (expense) (16,501 ) (862 ) (17,363 ) AOCI before reclassifications, net of income tax 88,313 7,858 96,171 Amounts reclassified from AOCI (5,655 ) (3 ) (5,658 ) Deferred income tax benefit (expense) 1,186 1 1,187 Amounts reclassified from AOCI, net of income tax (4,469 ) (2 ) (4,471 ) Balance, June 30, 2019 $ 83,844 $ 7,856 $ 91,700 Three Months Ended Unrealized Unrealized Total (In thousands) Balance, March 31, 2018 $ 1,150 $ (1,812 ) $ (662 ) OCI before reclassifications (24,793 ) 3,576 (21,217 ) Deferred income tax benefit (expense) 5,206 (751 ) 4,455 AOCI before reclassifications, net of income tax (18,437 ) 1,013 (17,424 ) Amounts reclassified from AOCI 2,117 (49 ) 2,068 Deferred income tax benefit (expense) (445 ) 11 (434 ) Amounts reclassified from AOCI, net of income tax 1,672 (38 ) 1,634 Balance, June 30, 2018 $ (16,765 ) $ 975 $ (15,790 ) Six Months Ended Unrealized Unrealized Total (In thousands) Balance, December 31, 2018 $ (20,503 ) $ 5,432 $ (15,071 ) OCI before reclassifications 137,268 3,071 140,339 Deferred income tax benefit (expense) (28,826 ) (645 ) (29,471 ) AOCI before reclassifications, net of income tax 87,939 7,858 95,797 Amounts reclassified from AOCI (5,184 ) (3 ) (5,187 ) Deferred income tax benefit (expense) 1,089 1 1,090 Amounts reclassified from AOCI, net of income tax (4,095 ) (2 ) (4,097 ) Balance, June 30, 2019 $ 83,844 $ 7,856 $ 91,700 Six Months Ended Unrealized Unrealized Total (In thousands) Balance, December 31, 2017 $ 29,323 $ 305 $ 29,628 OCI before reclassifications (63,292 ) 902 (62,390 ) Deferred income tax benefit (expense) 13,289 (189 ) 13,100 AOCI before reclassifications, net of income tax (20,680 ) 1,018 (19,662 ) Amounts reclassified from AOCI 4,956 (55 ) 4,901 Deferred income tax benefit (expense) (1,041 ) 12 (1,029 ) Amounts reclassified from AOCI, net of income tax 3,915 (43 ) 3,872 Balance, June 30, 2018 $ (16,765 ) $ 975 $ (15,790 ) ______________ (1) See Note 4 for information on offsets to investments related to DAC and DSI. Information regarding amounts reclassified out of each component of AOCI was as follows: AOCI Components Amounts Reclassified from AOCI Statements of Operations and Comprehensive Income (Loss) Locations Three Months Ended Six Months Ended 2019 2018 2019 2018 (In thousands) Net unrealized investment gains (losses): Net unrealized investment gains (losses) $ 5,663 $ (2,123 ) $ 5,198 $ (4,962 ) Net investment gains (losses) Net unrealized investment gains (losses) — 6 — 6 Net investment income Net unrealized investment gains (losses) (8 ) — (14 ) — Net derivative gains (losses) Net unrealized investment gains (losses), before income tax 5,655 (2,117 ) 5,184 (4,956 ) Income tax (expense) benefit (1,186 ) 445 (1,089 ) 1,041 Net unrealized investment gains (losses), net of income tax 4,469 (1,672 ) 4,095 (3,915 ) Unrealized gains (losses) on derivatives - cash flow hedges: Foreign currency swaps 3 49 3 55 Net derivative gains (losses) Gains (losses) on cash flow hedges, before income tax 3 49 3 55 Income tax (expense) benefit (1 ) (11 ) (1 ) (12 ) Gains (losses) on cash flow hedges, net of income tax 2 38 2 43 Total reclassifications, net of income tax $ 4,471 $ (1,634 ) $ 4,097 $ (3,872 )

Other Revenues and Other Expens

Other Revenues and Other Expenses	6 Months Ended
	Jun. 30, 2019
Other Income and Expenses [Abstract]
Other Revenues and Other Expenses	8. Other Revenues and Other Expenses Other Revenues The Company has entered into contracts with mutual funds, fund managers, and their affiliates (collectively, the “Funds”) whereby the Company is paid monthly or quarterly fees (“12b-1 fees”) for providing certain services to customers and distributors of the Funds. The 12b-1 fees are generally equal to a fixed percentage of the average daily balance of the customer’s investment in a fund. The percentage is specified in the contract between the Company and the Funds. Payments are generally collected when due and are neither refundable nor able to offset future fees. To earn these fees, the Company performs services such as responding to phone inquiries, maintaining records, providing information to distributors and shareholders about fund performance and providing training to account managers and sales agents. The passage of time reflects the satisfaction of the Company’s performance obligations to the Funds and is used to recognize revenue associated with 12b-1 fees. Other revenues consisted primarily of 12b-1 fees of $3.2 million and $6.3 million for the three months and six months ended June 30, 2019 , respectively, and $3.4 million and $6.9 million for the three months and six months ended June 30, 2018 , respectively, of which all were reported in the Annuities segment. Other Expenses Information on other expenses was as follows: Three Months Ended Six Months Ended 2019 2018 2019 2018 (In thousands) Compensation $ 4,771 $ 3,680 $ 9,440 $ 7,190 Contracted services and other labor costs 3,439 2,685 6,036 4,522 Transition services agreements 3,743 2,818 7,527 5,765 Establishment costs 1,360 — 2,841 — Premium and other taxes, licenses and fees (653 ) 742 51 1,785 Volume related costs, excluding compensation, net of DAC capitalization 4,715 4,546 8,714 9,810 Other 2,249 1,710 3,905 2,836 Total other expenses $ 19,624 $ 16,181 $ 38,514 $ 31,908 Related Party Expenses See Note 10 for a discussion of related party expenses included in the table above.

Contingencies, Commitments and

Contingencies, Commitments and Guarantees	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Contingencies, Commitments and Guarantees	9. Contingencies, Commitments and Guarantees Contingencies Litigation Sales Practices Claims Over the past several years, the Company has faced claims and regulatory inquiries and investigations, alleging improper marketing or sales of individual life insurance policies, annuities, or other products. The Company continues to defend vigorously against the claims in these matters. The Company believes adequate provision has been made in its financial statements for all probable and reasonably estimable losses for sales practices matters. Summary Various litigation, claims and assessments against the Company, in addition to those discussed previously and those otherwise provided for in the Company’s financial statements, have arisen in the course of the Company’s business, including, but not limited to, in connection with its activities as an insurer, investor and taxpayer. Further, state insurance regulatory authorities and other federal and state authorities regularly make inquiries and conduct investigations concerning the Company’s compliance with applicable insurance and other laws and regulations. It is not possible to predict the ultimate outcome of all pending investigations and legal proceedings. In some of the matters referred to previously, large and/or indeterminate amounts, including punitive and treble damages, are sought. Although, in light of these considerations it is possible that an adverse outcome in certain cases could have a material effect upon the Company’s financial position, based on information currently known by the Company’s management, in its opinion, the outcomes of such pending investigations and legal proceedings are not likely to have such an effect. However, given the large and/or indeterminate amounts sought in certain of these matters and the inherent unpredictability of litigation, it is possible that an adverse outcome in certain matters could, from time to time, have a material effect on the Company’s net income or cash flows in particular quarterly or annual periods. Commitments Mortgage Loan Commitments The Company commits to lend funds under mortgage loan commitments. The amounts of these mortgage loan commitments were $15.1 million and $7.6 million at June 30, 2019 and December 31, 2018 , respectively. Commitments to Fund Private Corporate Bond Investments The Company commits to lend funds under private corporate bond investments. The amounts of these unfunded commitments were $2.7 million and $11.4 million at June 30, 2019 and December 31, 2018 , respectively. Guarantees In the normal course of its business, the Company has provided certain indemnities, guarantees and commitments to third parties such that it may be required to make payments now or in the future. In the context of acquisition, disposition, investment and other transactions, the Company has provided indemnities and guarantees, including those related to tax, environmental and other specific liabilities and other indemnities and guarantees that are triggered by, among other things, breaches of representations, warranties or covenants provided by the Company. In addition, in the normal course of business, the Company provides indemnifications to counterparties in contracts with triggers similar to the foregoing, as well as for certain other liabilities, such as third-party lawsuits. These obligations are often subject to time limitations that vary in duration, including contractual limitations and those that arise by operation of law, such as applicable statutes of limitation. In some cases, the maximum potential obligation under the indemnities and guarantees is subject to a contractual limitation, while in other cases such limitations are not specified or applicable. Since certain of these obligations are not subject to limitations, the Company does not believe that it is possible to determine the maximum potential amount that could become due under these guarantees in the future. Management believes that it is unlikely the Company will have to make any material payments under these indemnities, guarantees, or commitments. In addition, the Company indemnifies its directors and officers as provided in its charters and by-laws. Also, the Company indemnifies its agents for liabilities incurred as a result of their representation of the Company’s interests. Since these indemnities are generally not subject to limitation with respect to duration or amount, the Company does not believe that it is possible to determine the maximum potential amount that could become due under these indemnities in the future. The Company had no liability for indemnities, guarantees and commitments at both June 30, 2019 and December 31, 2018 .

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2019
Related Party Transactions [Abstract]
Related Party Transactions	10. Related Party Transactions The Company has various existing arrangements with its Brighthouse affiliates and had previous arrangements with MetLife for services necessary to conduct its activities. Certain of the MetLife services have continued, however, MetLife was no longer considered a related party upon the completion of the MetLife Divestiture on June 14, 2018 (see Note 1 ). The Company has related party investment and equity transactions (see Notes 4 and 7). Other material arrangements between the Company and its related parties not disclosed elsewhere are as follows: Reinsurance Agreements The Company enters into reinsurance agreements primarily as a purchaser of reinsurance for its various insurance products. The Company participates in reinsurance activities in order to limit losses, minimize exposure to significant risks and provide additional capacity for future growth. Information regarding the significant effects of related party reinsurance included on the interim condensed statements of operations and comprehensive income (loss) was as follows: Three Months Ended Six Months Ended 2019 2018 2019 2018 (In thousands) Premiums Reinsurance ceded $ (10,776 ) $ (9,614 ) $ (20,986 ) $ (17,726 ) Universal life and investment-type product policy fees Reinsurance ceded $ (990 ) $ (873 ) $ (1,793 ) $ (1,916 ) Other revenues Reinsurance ceded $ (24,998 ) $ (15,490 ) $ (48,506 ) $ (31,426 ) Policyholder benefits and claims Reinsurance ceded $ (17,745 ) $ (21,762 ) $ (25,958 ) $ (46,494 ) Information regarding the significant effects of ceded related party reinsurance included on the interim condensed balance sheets was as follows at: June 30, 2019 December 31, 2018 (In thousands) Assets Premiums, reinsurance and other receivables $ 575,642 $ 534,487 Liabilities Other liabilities $ 423,852 $ 429,656 The Company cedes risks to Brighthouse Life Insurance Company related to guaranteed minimum benefit guarantees written directly by the Company. These ceded reinsurance agreements contain embedded derivatives and changes in the estimated fair value are included within net derivative gains (losses). The embedded derivatives associated with the cessions are included within premiums, reinsurance and other receivables and were $330.4 million and $298.1 million at June 30, 2019 and December 31, 2018 , respectively. Net derivative gains (losses) associated with the embedded derivatives were $34.8 million and $31.4 million for the three months and six months ended June 30, 2019 , respectively, and ($25.6) million and ($71.4) million for the three months and six months ended June 30, 2018 , respectively. Shared Services and Overhead Allocations Brighthouse affiliates currently provide and previously MetLife provided the Company certain services, which include, but are not limited to, treasury, financial planning and analysis, legal, human resources, tax planning, internal audit, financial reporting and information technology. Costs incurred under these arrangements with Brighthouse affiliates, as well as with MetLife prior to the MetLife Divestiture, were $15.2 million and $30.3 million for the three months and six months ended June 30, 2019 , respectively, and $10.1 million and $19.8 million for the three months and six months ended June 30, 2018 , respectively, and were recorded in other expenses. Revenues received from affiliates related to these agreements, recorded in universal life and investment-type product policy fees, were $2.9 million and $5.8 million for the three months and six months ended June 30, 2019 , respectively, and $3.1 million and $6.3 million for the three months and six months ended June 30, 2018 , respectively. The Company had net receivables (payables) from/to affiliates, related to the items discussed above, of ($6.6) million and $622 thousand at June 30, 2019 and December 31, 2018 , respectively. Brighthouse affiliates incur costs related to the establishment of services and infrastructure to replace those previously provided by MetLife. The Company is charged a fee to reflect the value of the available infrastructure and services provided by these costs. While management believes the method used to allocate expenses under this arrangement is reasonable, the allocated expenses may not be indicative of those of a stand-alone entity. If expenses were allocated to the Company under this arrangement as incurred by Brighthouse affiliates, the Company would not have incurred additional expenses for the three months and six months ended June 30, 2019 . The Company would have incurred additional expenses of $2.2 million and $4.1 million under this arrangement for the three months and six months ended June 30, 2018 , respectively. Broker-Dealer Transactions The related party expense for the Company was commissions paid on the sale of variable products and passed through to the broker-dealer affiliate. The related party revenue for the Company was fee income passed through the broker-dealer affiliate from trusts and mutual funds whose shares serve as investment options of policyholders of the Company. Fee income received related to these transactions and recorded in other revenues was $2.9 million and $5.8 million for the three months and six months ended June 30, 2019 , respectively, and $3.1 million and $6.3 million for the three months and six months ended June 30, 2018 , respectively. Commission expenses incurred related to these transactions and recorded in other expenses was $17.0 million and $31.7 million for the three months and six months ended June 30, 2019 , respectively, and $12.2 million and $25.3 million for the three months and six months ended June 30, 2018 , respectively. The Company also had related party fee income receivables of $962 thousand and $951 thousand at June 30, 2019 and December 31, 2018 , respectively.

Business, Basis of Presentati_2

Business, Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Use of Estimates, Policy [Policy Text Block]	Basis of Presentation The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to adopt accounting policies and make estimates and assumptions that affect amounts reported on the interim condensed financial statements. In applying these policies and estimates, management makes subjective and complex judgments that frequently require assumptions about matters that are inherently uncertain. Many of these policies, estimates and related judgments are common in the insurance and financial services industries; others are specific to the Company’s business and operations. Actual results could differ from these estimates.
Consolidation of Subsidiaries, Policy [Policy Text Block]	Reclassifications Certain amounts in the prior year periods’ interim condensed financial statements and related footnotes thereto have been reclassified to conform with the 2019 presentation as may be discussed throughout the Notes to the Interim Condensed Financial Statements. Since the Company is a member of a controlled group of affiliated companies, its results may not be indicative of those of a stand-alone entity. The accompanying interim condensed financial statements are unaudited and reflect all adjustments (including normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented in conformity with GAAP. Interim results are not necessarily indicative of full year performance. The December 31, 2018 balance sheet data was derived from audited financial statements included in BHNY’s Annual Report on Form 10-K for the year ended December 31, 2018 (the “2018 Annual Report”), which include all disclosures required by GAAP. Therefore, these interim condensed financial statements should be read in conjunction with the financial statements of the Company included in the 2018 Annual Report.
New Accounting Pronouncements, Policy [Policy Text Block]	Adoption of New Accounting Pronouncements Changes to GAAP are established by the Financial Accounting Standards Board (“FASB”) in the form of accounting standards updates (“ASUs”) to the FASB Accounting Standards Codification. The Company considers the applicability and impact of all ASUs. ASUs not listed below were assessed and determined to be either not applicable or are not expected to have a material impact on the Company’s financial statements. There were no ASUs adopted during 2019 which had a material impact on the Company’s financial statements. ASUs issued but not yet adopted as of June 30, 2019 are summarized in the table below. Standard Description Effective Date Impact on Financial Statements ASU 2018-12, Financial Services-Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts The amendments to Topic 944 will result in significant changes to the accounting for long-duration insurance contracts. These changes (1) require all guarantees that qualify as market risk benefits to be measured at fair value, (2) require more frequent updating of assumptions and modify existing discount rate requirements for certain insurance liabilities, (3) modify the methods of amortization for deferred acquisition costs (“DAC”), and (4) require new qualitative and quantitative disclosures around insurance contract asset and liability balances and the judgments, assumptions and methods used to measure those balances. The market risk benefit guidance is required to be applied on a retrospective basis, while the changes to guidance for insurance liabilities and DAC may be applied to existing carrying amounts on the effective date or on a retrospective basis. The amendments are currently effective on January 1, 2021. On July 17, 2019 the FASB tentatively decided to extend the effective date of the ASU by one year. The FASB intends to release an exposure draft, which if adopted, will change the effective date for the Company to January 1, 2022. The Company is in the early stages of evaluating the new guidance and therefore is unable to estimate the impact to its financial statements. The most significant impact will be the measurement of liabilities for variable annuity guarantees. ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments The amendments to Topic 326 replace the incurred loss impairment methodology for certain financial instruments with one that reflects expected credit losses based on historical loss information, current conditions, and reasonable and supportable forecasts. The new guidance also requires that an other-than- temporary impairment (“OTTI”) on a debt security will be recognized as an allowance going forward, such that improvements in expected future cash flows after an impairment will no longer be reflected as a prospective yield adjustment through net investment income, but rather a reversal of the previous impairment and recognized through realized investment gains and losses. January 1, 2020 using the modified retrospective method (with early adoption permitted beginning January 1, 2019) The Company is currently evaluating the impact of this guidance on its financial statements, with the most significant impact expected to be earlier recognition of credit losses on mortgage loan investments.
Investments, Policy [Policy Text Block]	Actual maturities may differ from contractual maturities due to the exercise of call or prepayment options. Fixed maturity securities not due at a single maturity date have been presented in the year of final contractual maturity. Structured Securities are shown separately, as they are not due at a single maturity. Maturities of Fixed Maturity Securities Valuation Allowance Methodology Mortgage loans are considered to be impaired when it is probable that, based upon current information and events, the Company will be unable to collect all amounts due under the loan agreement. Specific valuation allowances are established using the same methodology for both portfolio segments as the excess carrying value of a loan over either (i) the present value of expected future cash flows discounted at the loan’s original effective interest rate, (ii) the estimated fair value of the loan’s underlying collateral if the loan is in the process of foreclosure or otherwise collateral dependent, or (iii) the loan’s observable market price. A common evaluation framework is used for establishing non-specific valuation allowances for both loan portfolio segments; however, a separate non-specific valuation allowance is calculated and maintained for each loan portfolio segment that is based on inputs unique to each loan portfolio segment. Non-specific valuation allowances are established for pools of loans with similar risk characteristics where a property-specific or market-specific risk has not been identified, but for which the Company expects to incur a credit loss. These evaluations are based upon several loan portfolio segment-specific factors, including the Company’s experience for loan losses, defaults and loss severity, and loss expectations for loans with similar risk characteristics. These evaluations are revised as conditions change and new information becomes available. Past Due, Nonaccrual and Modified Mortgage Loans Variable Interest Entities The Company has invested in legal entities that are variable interest entities (“VIEs”). VIEs are consolidated when the investor is the primary beneficiary. A primary beneficiary is the variable interest holder in a VIE with both the power to direct the activities of the VIE that most significantly impact the economic performance of the VIE and the obligation to absorb losses, or the right to receive benefits that could potentially be significant to the VIE.
Derivatives, Policy [Policy Text Block]	Accounting for Derivatives Freestanding Derivatives Freestanding derivatives are carried on the Company’s balance sheet either as assets within other invested assets or as liabilities within other liabilities at estimated fair value. The Company does not offset the estimated fair value amounts recognized for derivatives executed with the same counterparty under the same master netting agreement. If a derivative is not designated or did not qualify as an accounting hedge, changes in the estimated fair value of the derivative are reported in net derivative gains (losses).The Company generally reports cash received or paid for a derivative in the investing activity section of the statement of cash flows except for cash flows of certain derivative options with deferred premiums, which are reported in the financing activity section of the statement of cash flows. Hedge Accounting The Company primarily designates derivatives as a hedge of a forecasted transaction or a variability of cash flows to be received or paid related to a recognized asset or liability (cash flow hedge). When a derivative is designated as a cash flow hedge and is determined to be highly effective, changes in fair value are recorded in OCI and subsequently reclassified into the statement of operations when the Company’s earnings are affected by the variability in cash flows of the hedged item. To qualify for hedge accounting, at the inception of the hedging relationship, the Company formally documents its risk management objective and strategy for undertaking the hedging transaction, as well as its designation of the hedge. In its hedge documentation, the Company sets forth how the hedging instrument is expected to hedge the designated risks related to the hedged item and sets forth the method that will be used to retrospectively and prospectively assess the hedging instrument’s effectiveness. A derivative designated as a hedging instrument must be assessed as being highly effective in offsetting the designated risk of the hedged item. Hedge effectiveness is formally assessed at inception and at least quarterly throughout the life of the designated hedging relationship. The Company discontinues hedge accounting prospectively when: (i) it is determined that the derivative is no longer highly effective in offsetting changes in the estimated fair value or cash flows of a hedged item; (ii) the derivative or hedged item expires, is sold, terminated, or exercised; (iii) it is no longer probable that the hedged forecasted transaction will occur; or (iv) the derivative is de-designated as a hedging instrument. When hedge accounting is discontinued the derivative is carried at its estimated fair value on the balance sheet, with changes in its estimated fair value recognized in the current period as net derivative gains (losses). The changes in estimated fair value of derivatives previously recorded in OCI related to discontinued cash flow hedges are released into the statement of operations when the Company’s earnings are affected by the variability in cash flows of the hedged item. When the hedged item matures or is sold, or the forecasted transaction is not probable of occurring, the Company immediately reclassifies any remaining balances in OCI to net derivative gains (losses). Embedded Derivatives Derivative Strategies Derivatives are financial instruments with values derived from interest rates, foreign currency exchange rates and/or financial indices. Derivatives may be exchange-traded or contracted in the over-the-counter (“OTC”) market. The Company’s OTC derivatives are settled bilateral contracts between two counterparties (“OTC-bilateral”). Counterparty Credit Risk The Company may be exposed to credit-related losses in the event of counterparty nonperformance on derivative instruments. Generally, the credit exposure is the fair value at the reporting date less any collateral received from the counterparty. The Company manages its credit risk by: (i) entering into derivative transactions with creditworthy counterparties governed by master netting agreements; (ii) trading through regulated exchanges and central clearing counterparties; (iii) obtaining collateral, such as cash and securities, when appropriate; and (iv) setting limits on single party credit exposures which are subject to periodic management review. See Note 6 for a description of the impact of credit risk on the valuation of derivatives.

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Segment Reporting Information, by Segment	Operating Results Three Months Ended June 30, 2019 Annuities Life Corporate & Other Total (In thousands) Pre-tax adjusted earnings $ (6,972 ) $ (5,928 ) $ (1,149 ) $ (14,049 ) Provision for income tax expense (benefit) (1,886 ) (1,244 ) (485 ) (3,615 ) Adjusted earnings $ (5,086 ) $ (4,684 ) $ (664 ) (10,434 ) Adjustments for: Net investment gains (losses) 5,472 Net derivative gains (losses) 27,308 Other adjustments to net income 4,461 Provision for income tax (expense) benefit (7,820 ) Net income (loss) $ 18,987 Interest revenue $ 20,107 $ 9,306 $ 398 Operating Results Three Months Ended June 30, 2018 Annuities Life Corporate & Other Total (In thousands) Pre-tax adjusted earnings $ 6,473 $ 4,556 $ 186 $ 11,215 Provision for income tax expense (benefit) 880 959 (154 ) 1,685 Adjusted earnings $ 5,593 $ 3,597 $ 340 9,530 Adjustments for: Net investment gains (losses) (2,063 ) Net derivative gains (losses) (21,112 ) Other adjustments to net income 4,832 Provision for income tax (expense) benefit 3,852 Net income (loss) $ (4,961 ) Interest revenue $ 15,278 $ 8,482 $ 425 Operating Results Six Months Ended June 30, 2019 Annuities Life Corporate & Other Total (In thousands) Pre-tax adjusted earnings $ (11,951 ) $ (10,184 ) $ (1,702 ) $ (23,837 ) Provision for income tax expense (benefit) (3,354 ) (2,138 ) (844 ) (6,336 ) Adjusted earnings $ (8,597 ) $ (8,046 ) $ (858 ) (17,501 ) Adjustments for: Net investment gains (losses) 5,020 Net derivative gains (losses) 24,063 Other adjustments to net income 15,191 Provision for income tax (expense) benefit (9,297 ) Net income (loss) $ 17,476 Interest revenue $ 37,879 $ 17,610 $ 907 Operating Results Six Months Ended June 30, 2018 Annuities Life Corporate & Other Total (In thousands) Pre-tax adjusted earnings $ 11,903 $ 12,570 $ 2,448 $ 26,921 Provision for income tax expense (benefit) 1,537 2,642 127 4,306 Adjusted earnings $ 10,366 $ 9,928 $ 2,321 22,615 Adjustments for: Net investment gains (losses) (4,418 ) Net derivative gains (losses) (65,374 ) Other adjustments to net income 16,697 Provision for income tax (expense) benefit 11,149 Net income (loss) $ (19,331 ) Interest revenue $ 30,081 $ 17,321 $ 796 The following table presents total assets with respect to the Company’s segments, as well as Corporate & Other, at: June 30, 2019 December 31, 2018 (In thousands) Annuities $ 7,828,964 $ 7,034,394 Life 1,157,104 1,083,641 Corporate & Other 79,681 12,090 Total $ 9,065,749 $ 8,130,125
Reconciliation of Revenue from Segments to Consolidated	The following table presents total revenues with respect to the Company’s segments, as well as Corporate & Other: Three Months Ended Six Months Ended 2019 2018 2019 2018 (In thousands) Annuities $ 21,820 $ 28,106 $ 43,707 $ 55,744 Life 13,477 14,407 26,124 30,103 Corporate & Other 528 1,079 1,198 2,103 Adjustments 36,072 (19,759 ) 35,623 (63,068 ) Total $ 71,897 $ 23,833 $ 106,652 $ 24,882

Insurance (Tables)

Insurance (Tables)	6 Months Ended
	Jun. 30, 2019
Insurance [Abstract]
Guarantees related to Annuity, Universal and Variable Life Contracts	Information regarding the Company’s guarantee exposure was as follows at: June 30, 2019 December 31, 2018 In the Event of Death At Annuitization In the Event of Death At Annuitization (Dollars in thousands) Annuity Contracts (1), (2) Variable Annuity Guarantees Total account value (3) $ 4,618,740 $ 3,732,716 $ 4,274,326 $ 3,483,668 Separate account value $ 4,610,504 $ 3,732,340 $ 4,266,520 $ 3,482,829 Net amount at risk $ 6,893 (4) $ 230,389 (5) $ 193,102 (4) $ 274,632 (5) Average attained age of contract holders 68 years 68 years 67 years 67 years ______________ (1) The Company’s annuity contracts with guarantees may offer more than one type of guarantee in each contract. Therefore, the amounts listed above may not be mutually exclusive. (2) Includes direct business, but excludes offsets from hedging or reinsurance, if any. Therefore, the net amount at risk presented reflects the economic exposures of living and death benefit guarantees associated with variable annuities, but not necessarily their impact on the Company. See Note 5 of t he Notes to the Financial Statements included in the 2018 Annual Report for a discussion of guaranteed minimum benefits which have been reinsured. (3) Includes the contract holder’s investments in the general account and separate account, if applicable. (4) Defined as the death benefit less the total account value, as of the balance sheet date. It represents the amount of the claim that the Company would incur if death claims were filed on all contracts on the balance sheet date and includes any additional contractual claims associated with riders purchased to assist with covering income taxes payable upon death. (5) Defined as the amount (if any) that would be required to be added to the total account value to purchase a lifetime income stream, based on current annuity rates, equal to the minimum amount provided under the guaranteed benefit. This amount represents the Company’s potential economic exposure to such guarantees in the event all contract holders were to annuitize on the balance sheet date, even though the contracts contain terms that allow annuitization of the guaranteed amount only after the 10th anniversary of the contract, which not all contract holders have achieved.

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Fixed Maturity Securities AFS by Sector	The following table presents the fixed maturity securities AFS by sector at: June 30, 2019 December 31, 2018 Amortized Gross Unrealized Estimated Amortized Gross Unrealized Estimated Gains Temporary OTTI Gains Temporary OTTI (In thousands) Fixed maturity securities: (1) U.S. corporate $ 1,251,600 $ 57,287 $ 2,807 $ — $ 1,306,080 $ 890,676 $ 5,402 $ 23,034 $ — $ 873,044 U.S. government and agency 299,264 22,155 23 — 321,396 511,255 9,961 13,697 — 507,519 Foreign corporate 395,861 14,648 4,493 — 406,016 368,149 1,473 17,258 — 352,364 CMBS 279,986 15,213 139 — 295,060 325,491 1,481 4,121 — 322,851 RMBS 306,421 11,692 1,162 — 316,951 200,827 4,643 2,882 — 202,588 ABS 75,917 674 297 — 76,294 79,806 158 1,133 — 78,831 State and political subdivision 65,825 8,829 — — 74,654 66,131 4,777 1,083 — 69,825 Foreign government 20,100 1,326 86 — 21,340 27,466 140 995 — 26,611 Total fixed maturity securities $ 2,694,974 $ 131,824 $ 9,007 $ — $ 2,817,791 $ 2,469,801 $ 28,035 $ 64,203 $ — $ 2,433,633 __________________ (1) Redeemable preferred stock is reported within foreign corporate fixed maturity securities. Included within fixed maturity securities are structured securities including residential mortgage-backed securities (“RMBS”), commercial mortgage-backed securities (“CMBS”) and asset-backed securities (“ABS”) (collectively, “Structured Securities”).
Maturities of Fixed Maturity Securities	The amortized cost and estimated fair value of fixed maturity securities, by contractual maturity date, were as follows at June 30, 2019 : Due in One Year or Less Due After One Year Through Five Years Due After Five Years Through Ten Years Due After Ten Years Structured Securities Total Fixed Maturity Securities (In thousands) Amortized cost $ 51,742 $ 345,953 $ 898,441 $ 736,514 $ 662,324 $ 2,694,974 Estimated fair value $ 52,130 $ 353,075 $ 935,970 $ 788,311 $ 688,305 $ 2,817,791
Continuous Gross Unrealized Losses for Fixed Maturity Securities AFS by Sector	The following table presents the estimated fair value and gross unrealized losses of fixed maturity securities AFS in an unrealized loss position, aggregated by sector and by length of time that the securities have been in a continuous unrealized loss position at: June 30, 2019 December 31, 2018 Less than 12 Months Equal to or Greater than 12 Months Less than 12 Months Equal to or Greater than 12 Months Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses Estimated Fair Value Gross Unrealized Losses (Dollars in thousands) Fixed maturity securities: U.S. corporate $ 50,818 $ 1,217 $ 66,497 $ 1,590 $ 483,424 $ 15,849 $ 131,812 $ 7,185 U.S. government and agency — — 8,682 23 102,447 1,925 296,265 11,772 Foreign corporate 46,883 1,250 39,765 3,243 194,924 10,156 72,803 7,102 CMBS 183 2 7,332 137 119,412 1,909 44,775 2,212 RMBS 8,628 143 17,840 1,019 57,510 1,746 28,573 1,136 ABS 24,476 183 10,594 114 51,028 985 11,699 148 State and political subdivision — — — — 18,260 744 13,999 339 Foreign government 1,571 86 — — 7,435 716 6,782 279 Total fixed maturity securities $ 132,559 $ 2,881 $ 150,710 $ 6,126 $ 1,034,440 $ 34,030 $ 606,708 $ 30,173 Total number of securities in an unrealized loss position 63 60 364 146
Mortgage Loans by Portfolio Segment	Mortgage loans are summarized as follows at: June 30, 2019 December 31, 2018 Carrying Value % of Total Carrying Value % of Total (Dollars in thousands) Mortgage loans: Commercial $ 364,139 69.9 % $ 310,681 69.3 % Agricultural 158,647 30.5 139,361 31.1 Subtotal 522,786 100.4 450,042 100.4 Valuation allowances (1) (2,142 ) (0.4 ) (1,937 ) (0.4 ) Total mortgage loans, net $ 520,644 100.0 % $ 448,105 100.0 % __________________ (1) The valuation allowances were primarily from collective evaluation (non-specific loan related).
Credit Quality of Mortgage Loans by Portfolio Segment	The credit quality of agricultural mortgage loans was as follows at: June 30, 2019 December 31, 2018 Recorded Investment % of Total Recorded Investment % of Total (Dollars in thousands) Loan-to-value ratios: Less than 65% $ 150,530 94.9 % $ 133,884 96.1 % 65% to 75% 8,117 5.1 5,477 3.9 Total $ 158,647 100.0 % $ 139,361 100.0 % The credit quality of commercial mortgage loans was as follows at: Recorded Investment Debt Service Coverage Ratios % of Total > 1.20x 1.00x - 1.20x < 1.00x Total (Dollars in thousands) June 30, 2019 Loan-to-value ratios: Less than 65% $ 335,635 $ 5,000 $ — $ 340,635 93.5 % 65% to 75% 19,224 — — 19,224 5.3 76% to 80% 4,280 — — 4,280 1.2 Total $ 359,139 $ 5,000 $ — $ 364,139 100.0 % December 31, 2018 Loan-to-value ratios: Less than 65% $ 273,681 $ 5,000 $ 13,447 $ 292,128 94.0 % 65% to 75% 14,257 — — 14,257 4.6 76% to 80% 4,296 — — 4,296 1.4 Total $ 292,234 $ 5,000 $ 13,447 $ 310,681 100.0 %
Net Unrealized Investment Gains (Losses)	The components of net unrealized investment gains (losses), included in AOCI, were as follows: June 30, 2019 December 31, 2018 (In thousands) Fixed maturity securities $ 122,817 $ (36,166 ) Derivatives 8,859 5,791 Subtotal 131,676 (30,375 ) Amounts allocated from: DAC and DSI (15,600 ) 11,299 Deferred income tax benefit (expense) (24,376 ) 4,005 Net unrealized investment gains (losses) $ 91,700 $ (15,071 ) The changes in net unrealized investment gains (losses) were as follows: Six Months Ended (In thousands) Balance, December 31, 2018 $ (15,071 ) Unrealized investment gains (losses) during the period 162,051 Unrealized investment gains (losses) relating to: DAC and DSI (26,899 ) Deferred income tax benefit (expense) (28,381 ) Balance, June 30, 2019 $ 91,700 Change in net unrealized investment gains (losses) $ 106,771
Invested Assets on Deposit and Pledged as Collateral	Invested assets on deposit and pledged as collateral are presented below at estimated fair value: June 30, 2019 December 31, 2018 (In thousands) Invested assets on deposit (regulatory deposits) $ 1,598 $ 1,482 Invested assets pledged as collateral (1) 6,270 158 Total invested assets on deposit and pledged as collateral (2) $ 7,868 $ 1,640 __________________ (1) The Company has pledged invested assets in connection with derivative transactions (see Note 5 ). (2) The Company held no restricted cash at either June 30, 2019 or December 31, 2018.
Variable Interest Entities	The carrying amount and maximum exposure to loss related to the VIEs in which the Company concluded that it holds a variable interest, but is not the primary beneficiary, were as follows at: June 30, 2019 December 31, 2018 Carrying Maximum Carrying Maximum (In thousands) Fixed maturity securities $ 396,963 $ 379,151 $ 409,699 $ 409,699
Components of Net Investment Income	The components of net investment income were as follows: Three Months Ended Six Months Ended 2019 2018 2019 2018 (In thousands) Investment income: Fixed maturity securities $ 24,785 $ 20,937 $ 47,698 $ 41,302 Mortgage loans 4,919 4,314 8,818 8,505 Cash, cash equivalents and short-term investments 765 298 1,152 456 Other 361 225 711 321 Subtotal 30,830 25,775 58,379 50,585 Less: Investment expenses 1,114 1,686 2,170 2,565 Net investment income $ 29,716 $ 24,089 $ 56,209 $ 48,020
Components of Net Investment Gains (Losses)	The components of net investment gains (losses) were as follows: Three Months Ended Six Months Ended 2019 2018 2019 2018 (In thousands) Fixed maturity securities $ 5,662 $ (2,123 ) $ 5,194 $ (4,962 ) Mortgage loans (136 ) 135 (205 ) 53 Other (54 ) (75 ) 31 491 Total net investment gains (losses) $ 5,472 $ (2,063 ) $ 5,020 $ (4,418 )
Sales or Disposals of Fixed Maturity Securities	Proceeds from sales or disposals of fixed maturity securities and the components of fixed maturity securities net investment gains (losses) were as shown in the table below. Three Months Ended Six Months Ended 2019 2018 2019 2018 (In thousands) Proceeds $ 358,205 $ 73,115 $ 413,682 $ 126,676 Gross investment gains $ 6,501 $ 21 $ 6,651 $ 36 Gross investment losses (839 ) (2,144 ) (1,457 ) (4,998 ) Net investment gains (losses) $ 5,662 $ (2,123 ) $ 5,194 $ (4,962 )

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location	The following table presents the primary underlying risk exposure, gross notional amount, and estimated fair value of the Company’s derivatives, held at: June 30, 2019 December 31, 2018 Primary Underlying Risk Exposure Gross Notional Estimated Fair Value Gross Notional Estimated Fair Value Assets Liabilities Assets Liabilities (In thousands) Derivatives Designated as Hedging Instruments: Cash flow hedges: Foreign currency swaps Foreign currency exchange rate $ 89,224 $ 8,754 $ 249 $ 82,704 $ 5,649 $ 187 Derivatives Not Designated or Not Qualifying as Hedging Instruments: Interest rate caps Interest rate 800,000 2,925 — 800,000 9,284 — Foreign currency swaps Foreign currency exchange rate 17,892 4,249 123 28,133 3,395 144 Equity index options Equity market 1,692,574 33,462 14,859 2,154,321 10,389 96 Total non-designated or nonqualifying derivatives 2,510,466 40,636 14,982 2,982,454 23,068 240 Embedded derivatives: Ceded guaranteed minimum income benefits Other N/A 330,407 — N/A 298,112 — Direct guaranteed minimum benefits Other N/A — (23,278 ) N/A — (18,811 ) Direct index-linked annuities Other N/A — 93,212 N/A — 5,617 Total embedded derivatives Other N/A 330,407 69,934 N/A 298,112 (13,194 ) Total $ 2,599,690 $ 379,797 $ 85,165 $ 3,065,158 $ 326,829 $ (12,767 )
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following tables present the amount and location of gains (losses), including earned income, recognized for derivatives and gains (losses) pertaining to hedged items presented in net derivative gains (losses): Net Derivative Gains (Losses) Recognized for Derivatives Net Derivative Gains (Losses) Recognized for Hedged Items Net Investment Income Amount of Gains (Losses) deferred in AOCI (In thousands) Three Months Ended June 30, 2019 Derivatives Designated as Hedging Instruments: Cash flow hedges: Foreign currency exchange rate derivatives $ 3 $ (8 ) $ 353 $ 4,106 Total cash flow hedges 3 (8 ) 353 4,106 Derivatives Not Designated or Not Qualifying as Hedging Instruments: Interest rate derivatives (1,847 ) — — — Foreign currency exchange rate derivatives 1,091 (96 ) — — Equity derivatives 13,571 — — — Embedded derivatives 14,594 — — — Total non-qualifying hedges 27,409 (96 ) — — Total $ 27,412 $ (104 ) $ 353 $ 4,106 Three Months Ended June 30, 2018 Derivatives Designated as Hedging Instruments: Cash flow hedges: Foreign currency exchange rate derivatives $ 49 $ — $ 215 $ 3,576 Total cash flow hedges 49 — 215 3,576 Derivatives Not Designated or Not Qualifying as Hedging Instruments: Interest rate derivatives 12 — — — Foreign currency exchange rate derivatives 1,265 (256 ) — — Equity derivatives 1,722 — — — Embedded derivatives (23,904 ) — — — Total non-qualifying hedges (20,905 ) (256 ) — — Total $ (20,856 ) $ (256 ) $ 215 $ 3,576 Net Derivative Gains (Losses) Recognized for Derivatives Net Derivative Gains (Losses) Recognized for Hedged Items Net Investment Income Amount of Gains (Losses) deferred in AOCI (In thousands) Six Months Ended June 30, 2019 Derivatives Designated as Hedging Instruments: Cash flow hedges: Foreign currency exchange rate derivatives $ 3 $ (14 ) $ 623 $ 3,071 Total cash flow hedges 3 (14 ) 623 3,071 Derivatives Not Designated or Not Qualifying as Hedging Instruments: Interest rate derivatives (6,359 ) — — — Foreign currency exchange rate derivatives 1,055 (2 ) — — Equity derivatives 49,687 — — — Embedded derivatives (20,307 ) — — — Total non-qualifying hedges 24,076 (2 ) — — Total $ 24,079 $ (16 ) $ 623 $ 3,071 Six Months Ended June 30, 2018 Derivatives Designated as Hedging Instruments: Cash flow hedges: Foreign currency exchange rate derivatives $ 55 $ — $ 401 $ 902 Total cash flow hedges 55 — 401 902 Derivatives Not Designated or Not Qualifying as Hedging Instruments: Interest rate derivatives (3,990 ) — — — Foreign currency exchange rate derivatives 293 (104 ) — — Equity derivatives (7,014 ) — — — Embedded derivatives (54,614 ) — — — Total non-qualifying hedges (65,325 ) (104 ) — — Total $ (65,270 ) $ (104 ) $ 401 $ 902
Components of Net Derivatives Gains (Losses)	The following tables present the amount and location of gains (losses), including earned income, recognized for derivatives and gains (losses) pertaining to hedged items presented in net derivative gains (losses): Net Derivative Gains (Losses) Recognized for Derivatives Net Derivative Gains (Losses) Recognized for Hedged Items Net Investment Income Amount of Gains (Losses) deferred in AOCI (In thousands) Three Months Ended June 30, 2019 Derivatives Designated as Hedging Instruments: Cash flow hedges: Foreign currency exchange rate derivatives $ 3 $ (8 ) $ 353 $ 4,106 Total cash flow hedges 3 (8 ) 353 4,106 Derivatives Not Designated or Not Qualifying as Hedging Instruments: Interest rate derivatives (1,847 ) — — — Foreign currency exchange rate derivatives 1,091 (96 ) — — Equity derivatives 13,571 — — — Embedded derivatives 14,594 — — — Total non-qualifying hedges 27,409 (96 ) — — Total $ 27,412 $ (104 ) $ 353 $ 4,106 Three Months Ended June 30, 2018 Derivatives Designated as Hedging Instruments: Cash flow hedges: Foreign currency exchange rate derivatives $ 49 $ — $ 215 $ 3,576 Total cash flow hedges 49 — 215 3,576 Derivatives Not Designated or Not Qualifying as Hedging Instruments: Interest rate derivatives 12 — — — Foreign currency exchange rate derivatives 1,265 (256 ) — — Equity derivatives 1,722 — — — Embedded derivatives (23,904 ) — — — Total non-qualifying hedges (20,905 ) (256 ) — — Total $ (20,856 ) $ (256 ) $ 215 $ 3,576 Net Derivative Gains (Losses) Recognized for Derivatives Net Derivative Gains (Losses) Recognized for Hedged Items Net Investment Income Amount of Gains (Losses) deferred in AOCI (In thousands) Six Months Ended June 30, 2019 Derivatives Designated as Hedging Instruments: Cash flow hedges: Foreign currency exchange rate derivatives $ 3 $ (14 ) $ 623 $ 3,071 Total cash flow hedges 3 (14 ) 623 3,071 Derivatives Not Designated or Not Qualifying as Hedging Instruments: Interest rate derivatives (6,359 ) — — — Foreign currency exchange rate derivatives 1,055 (2 ) — — Equity derivatives 49,687 — — — Embedded derivatives (20,307 ) — — — Total non-qualifying hedges 24,076 (2 ) — — Total $ 24,079 $ (16 ) $ 623 $ 3,071 Six Months Ended June 30, 2018 Derivatives Designated as Hedging Instruments: Cash flow hedges: Foreign currency exchange rate derivatives $ 55 $ — $ 401 $ 902 Total cash flow hedges 55 — 401 902 Derivatives Not Designated or Not Qualifying as Hedging Instruments: Interest rate derivatives (3,990 ) — — — Foreign currency exchange rate derivatives 293 (104 ) — — Equity derivatives (7,014 ) — — — Embedded derivatives (54,614 ) — — — Total non-qualifying hedges (65,325 ) (104 ) — — Total $ (65,270 ) $ (104 ) $ 401 $ 902
Estimated Fair Value of Derivative Assets and Liabilities after Master Netting Agreements and Cash Collateral	The estimated fair values of the Company’s net derivative assets and net derivative liabilities after the application of master netting agreements and collateral were as follows at: Gross Amounts Not Offset on the Balance Sheets Gross Amount Recognized Financial Instruments (1) Collateral Received/Pledged (2) Net Amount Off-balance Sheet Securities Collateral (3) Net Amount After Securities Collateral (In thousands) June 30, 2019 Derivative assets $ 49,664 $ (10,170 ) $ (31,818 ) $ 7,676 $ (3,915 ) $ 3,761 Derivative liabilities $ 15,211 $ (10,170 ) $ — $ 5,041 $ (5,041 ) $ — December 31, 2018 Derivative assets $ 29,006 $ (365 ) $ (23,197 ) $ 5,444 $ (2,212 ) $ 3,232 Derivative liabilities $ 411 $ (365 ) $ — $ 46 $ (46 ) $ — __________________ (1) Represents amounts subject to an enforceable master netting agreement or similar agreement. (2) The amount of cash collateral offset in the table above is limited to the net estimated fair value of derivatives after application of netting agreement. (3) Securities collateral received by the Company is not recorded on the balance sheet. Amounts do not include excess of collateral pledged or received.
Estimated Fair Value of Derivative Assets and Liabilities after Master Netting Agreements and Cash Collateral	The estimated fair values of the Company’s net derivative assets and net derivative liabilities after the application of master netting agreements and collateral were as follows at: Gross Amounts Not Offset on the Balance Sheets Gross Amount Recognized Financial Instruments (1) Collateral Received/Pledged (2) Net Amount Off-balance Sheet Securities Collateral (3) Net Amount After Securities Collateral (In thousands) June 30, 2019 Derivative assets $ 49,664 $ (10,170 ) $ (31,818 ) $ 7,676 $ (3,915 ) $ 3,761 Derivative liabilities $ 15,211 $ (10,170 ) $ — $ 5,041 $ (5,041 ) $ — December 31, 2018 Derivative assets $ 29,006 $ (365 ) $ (23,197 ) $ 5,444 $ (2,212 ) $ 3,232 Derivative liabilities $ 411 $ (365 ) $ — $ 46 $ (46 ) $ — __________________ (1) Represents amounts subject to an enforceable master netting agreement or similar agreement. (2) The amount of cash collateral offset in the table above is limited to the net estimated fair value of derivatives after application of netting agreement. (3) Securities collateral received by the Company is not recorded on the balance sheet. Amounts do not include excess of collateral pledged or received.
Schedule of Derivative Instruments [Table Text Block]	The following table presents the aggregate estimated fair value of derivatives in a net liability position containing such credit contingent provisions and the aggregate estimated fair value of assets posted as collateral for such instruments. June 30, 2019 December 31, 2018 (In thousands) Estimated fair value of derivatives in a net liability position (1) $ 5,041 $ 46 Estimated Fair Value of Collateral Provided (2): Fixed maturity securities $ 6,270 $ 158 __________________ (1) After taking into consideration the existence of netting agreements. (2) Substantially all of the Company’s collateral arrangements provide for daily posting of collateral for the full value of the derivative contract. As a result, if the credit contingent provisions of derivative contracts in a net liability position were triggered minimal additional assets would be required to be posted as collateral or needed to settle the instruments immediately.

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Recurring Fair Value Measurements	June 30, 2019 Fair Value Hierarchy Level 1 Level 2 Level 3 Total (In thousands) Assets Fixed maturity securities: U.S. corporate $ — $ 1,302,367 $ 3,713 $ 1,306,080 U.S. government and agency 191,142 130,254 — 321,396 Foreign corporate — 388,308 17,708 406,016 CMBS — 295,060 — 295,060 RMBS — 316,951 — 316,951 ABS — 76,294 — 76,294 State and political subdivision — 74,654 — 74,654 Foreign government — 21,340 — 21,340 Total fixed maturity securities 191,142 2,605,228 21,421 2,817,791 Derivative assets: (1) Interest rate — 2,925 — 2,925 Foreign currency exchange rate — 13,003 — 13,003 Equity market — 33,462 — 33,462 Total derivative assets — 49,390 — 49,390 Embedded derivatives within asset host contracts (2) — — 330,407 330,407 Separate account assets — 4,612,744 — 4,612,744 Total assets $ 191,142 $ 7,267,362 $ 351,828 $ 7,810,332 Liabilities Derivative liabilities: (1) Foreign currency exchange rate $ — $ 372 $ — $ 372 Equity market — 14,859 — 14,859 Total derivative liabilities — 15,231 — 15,231 Embedded derivatives within liability host contracts (2) — — 69,934 69,934 Total liabilities $ — $ 15,231 $ 69,934 $ 85,165 December 31, 2018 Fair Value Hierarchy Level 1 Level 2 Level 3 Total Estimated (In thousands) Assets Fixed maturity securities: U.S. corporate $ — $ 869,498 $ 3,546 $ 873,044 U.S. government and agency 389,491 118,028 — 507,519 Foreign corporate — 342,600 9,764 352,364 CMBS — 318,120 4,731 322,851 RMBS — 202,588 — 202,588 ABS — 78,831 — 78,831 State and political subdivision — 69,825 — 69,825 Foreign government — 26,611 — 26,611 Total fixed maturity securities 389,491 2,026,101 18,041 2,433,633 Derivative assets: (1) Interest rate — 9,284 — 9,284 Foreign currency exchange rate — 8,572 472 9,044 Equity market — 10,389 — 10,389 Total derivative assets — 28,245 472 28,717 Embedded derivatives within asset host contracts (2) — — 298,112 298,112 Separate account assets — 4,268,423 — 4,268,423 Total assets $ 389,491 $ 6,322,769 $ 316,625 $ 7,028,885 Liabilities Derivative liabilities: (1) Foreign currency exchange rate $ — $ 331 $ — $ 331 Equity market — 96 — 96 Total derivative liabilities — 427 — 427 Embedded derivatives within liability host contracts (2) — — (13,194 ) (13,194 ) Total liabilities $ — $ 427 $ (13,194 ) $ (12,767 ) ______________ (1) Derivative assets are presented within other invested assets on the balance sheets and derivative liabilities are presented within other liabilities on the balance sheets. The amounts are presented gross in the tables above to reflect the presentation on the balance sheets. (2) Embedded derivatives within asset host contracts are presented within premiums, reinsurance and other receivables and other invested assets on the balance sheets. Embedded derivatives within liability host contracts are presented within policyholder account balances on the balance sheets.
Fair Value Inputs, Quantitative Information	The following table presents certain quantitative information about the significant unobservable inputs used in the fair value measurement, and the sensitivity of the estimated fair value to changes in those inputs, for the more significant asset and liability classes measured at fair value on a recurring basis using significant unobservable inputs (Level 3) at: June 30, 2019 December 31, 2018 Impact of Increase in Input on Estimated Valuation Techniques Significant Unobservable Inputs Range Embedded derivatives Direct, assumed and ceded guaranteed minimum benefits • Option pricing techniques • Mortality rates 0.02% - 11.31% 0.02% - 11.31% Decrease (1) • Lapse rates 0.25% - 16.00% 0.25% - 16.00% Decrease (2) • Utilization rates 0.00% - 25.00% 0.00% - 25.00% Increase (3) • Withdrawal rates 0.25% - 10.00% 0.25% - 10.00% (4) • Long-term equity volatilities 16.50% - 22.00% 16.50% - 22.00% Increase (5) • Nonperformance risk spread 0.94% - 2.43% 1.91% - 2.66% Decrease (6) ______________ (1) Mortality rates vary by age and by demographic characteristics such as gender. Range shown reflects the mortality rate for policyholders between 35 and 90 years old, which represents the majority of the business with living benefits. Mortality rate assumptions are set based on company experience and include an assumption for mortality improvement. (2) Range reflects base lapse rates for major product categories for duration 1-20, which represents majority of business with living benefit riders. Base lapse rates are adjusted at the contract level based on a comparison of the actuarially calculated guaranteed values and the current policyholder account value, as well as other factors, such as the applicability of any surrender charges. A dynamic lapse function reduces the base lapse rate when the guaranteed amount is greater than the account value as in-the-money contracts are less likely to lapse. Lapse rates are also generally assumed to be lower in periods when a surrender charge applies. (3) The utilization rate assumption estimates the percentage of contract holders with a GMIB or lifetime withdrawal benefit who will elect to utilize the benefit upon becoming eligible in a given year. The range shown represents the floor and cap of the GMIB dynamic election rates across varying levels of in-the-money. For lifetime withdrawal guarantee riders, the assumption is that everyone will begin withdrawals once account value reaches zero which is equivalent to a 100% utilization rate. Utilization rates may vary by the type of guarantee, the amount by which the guaranteed amount is greater than the account value, the contract’s withdrawal history and by the age of the policyholder. (4) The withdrawal rate represents the percentage of account balance that any given policyholder will elect to withdraw from the contract each year. The withdrawal rate assumption varies by age and duration of the contract, and also by other factors such as benefit type. For any given contract, withdrawal rates vary throughout the period over which cash flows are projected for purposes of valuing the embedded derivative. For GMWBs, any increase (decrease) in withdrawal rates results in an increase (decrease) in the estimated fair value of the guarantees. For GMABs and GMIBs, any increase (decrease) in withdrawal rates results in a decrease (increase) in the estimated fair value. (5) Long-term equity volatilities represent equity volatility beyond the period for which observable equity volatilities are available. For any given contract, long-term equity volatility rates vary throughout the period over which cash flows are projected for purposes of valuing the embedded derivative. (6) Nonperformance risk spread varies by duration. For any given contract, multiple nonperformance risk spreads will apply, depending on the duration of the cash flow being discounted for purposes of valuing the embedded derivative.
Fair Value, Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables summarize the change of all assets and (liabilities) measured at estimated fair value on a recurring basis using significant unobservable inputs (Level 3): Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Fixed Maturity Securities Corporate (1) Structured Securities Net Derivatives (2) Net Embedded (In thousands) Three Months Ended June 30, 2019 Balance, beginning of period $ 13,725 $ 10,177 $ — $ 261,740 Total realized/unrealized gains (losses) included in net income (loss) (4) (5) 9 — — 14,594 Total realized/unrealized gains (losses) included in AOCI (187 ) — — — Purchases (6) 9,000 — — — Sales (6) (63 ) — — — Issuances (6) — — — — Settlements (6) — — — (15,861 ) Transfers into Level 3 (7) — — — — Transfers out of Level 3 (7) (1,063 ) (10,177 ) — — Balance, end of period $ 21,421 $ — $ — $ 260,473 Three Months Ended June 30, 2018 Balance, beginning of period $ 92,080 $ 21,337 $ — $ 311,011 Total realized/unrealized gains (losses) included in net income (loss) (4) (5) (221 ) 78 — (23,904 ) Total realized/unrealized gains (losses) included in AOCI (3,003 ) 98 — — Purchases (6) 10,498 6,901 — — Sales (6) (4,109 ) (301 ) — — Issuances (6) — — — — Settlements (6) — — — (5,922 ) Transfers into Level 3 (7) — — — — Transfers out of Level 3 (7) — (1,951 ) — — Balance, end of period $ 95,245 $ 26,162 $ — $ 281,185 Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at June 30, 2019 (8) $ 9 $ — $ — $ 25,980 Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at June 30, 2018 (8) $ 4 $ 78 $ — $ (15,574 ) Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Fixed Maturity Securities Corporate (1) Structured Securities Net Derivatives (2) Net Embedded (In thousands) Six Months Ended June 30, 2019 Balance, beginning of period $ 13,310 $ 4,731 $ 472 $ 311,306 Total realized/unrealized gains (losses) included in net income (loss) (4) (5) 18 — — (20,307 ) Total realized/unrealized gains (losses) included in AOCI 201 — — — Purchases (6) 9,000 — — — Sales (6) (111 ) — — — Issuances (6) — — — — Settlements (6) — — — (30,526 ) Transfers into Level 3 (7) 262 — — — Transfers out of Level 3 (7) (1,259 ) (4,731 ) (472 ) — Balance, end of period $ 21,421 $ — $ — $ 260,473 Six Months Ended June 30, 2018 Balance, beginning of period $ 95,950 $ 19,557 $ — $ 347,633 Total realized/unrealized gains (losses) included in net income (loss) (4) (5) (220 ) 186 — (54,614 ) Total realized/unrealized gains (losses) included in AOCI (3,778 ) 208 — — Purchases (6) 11,285 6,901 — — Sales (6) (4,826 ) (690 ) — — Issuances (6) — — — — Settlements (6) — — — (11,834 ) Transfers into Level 3 (7) — — — — Transfers out of Level 3 (7) (3,166 ) — — — Balance, end of period $ 95,245 $ 26,162 $ — $ 281,185 Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at June 30, 2019 (8) $ 18 $ — $ — $ 39,060 Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at June 30, 2018 (8) $ 8 $ 187 $ — $ (48,637 ) ______________ (1) Comprised of U.S. and foreign corporate securities. (2) Freestanding derivative assets and liabilities are presented net for purposes of the rollforward. (3) Embedded derivative assets and liabilities are presented net for purposes of the rollforward. (4) Amortization of premium/accretion of discount is included within net investment income. Impairments charged to net income (loss) on securities are included in net investment gains (losses). Lapses associated with net embedded derivatives are included in net derivative gains (losses). Substantially all realized/unrealized gains (losses) included in net income (loss) for net embedded derivatives are reported in net derivative gains (losses). (5) Interest accruals, as well as cash interest coupons received, are excluded from the rollforward. (6) Items purchased/issued and then sold/settled in the same period are excluded from the rollforward. Fees attributed to embedded derivatives are included in settlements. (7) Gains and losses, in net income (loss) and OCI, are calculated assuming transfers into and/or out of Level 3 occurred at the beginning of the period. Items transferred into and then out of Level 3 in the same period are excluded from the rollforward. (8) Changes in unrealized gains (losses) included in net income (loss) relate to assets and liabilities still held at the end of the respective periods. Substantially all changes in unrealized gains (losses) included in net income (loss) for net embedded derivatives are reported in net derivative gains (losses).
Fair Value of Financial Instruments Carried at Other Than Fair Value	The carrying values and estimated fair values for such financial instruments, and their corresponding placement in the fair value hierarchy, are summarized as follows at: June 30, 2019 Fair Value Hierarchy Carrying Level 1 Level 2 Level 3 Total Estimated Fair Value (In thousands) Assets Mortgage loans $ 520,644 $ — $ — $ 538,265 $ 538,265 Premiums, reinsurance and other receivables $ 18,403 $ — $ 3,213 $ 14,265 $ 17,478 Liabilities Policyholder account balances $ 995,188 $ — $ — $ 956,791 $ 956,791 Other liabilities $ 35,047 $ — $ 35,047 $ — $ 35,047 December 31, 2018 Fair Value Hierarchy Carrying Level 1 Level 2 Level 3 Total Estimated Fair Value (In thousands) Assets Mortgage loans $ 448,105 $ — $ — $ 447,510 $ 447,510 Premiums, reinsurance and other receivables $ 20,001 $ — $ 2,314 $ 15,512 $ 17,826 Liabilities Policyholder account balances $ 1,056,419 $ — $ — $ 949,916 $ 949,916 Other liabilities $ 10,399 $ — $ 10,399 $ — $ 10,399

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Components of Accumulated Other Comprehensive Income (Loss)	Information regarding changes in the balances of each component of AOCI was as follows: Three Months Ended Unrealized Unrealized Total (In thousands) Balance, March 31, 2019 $ 26,235 $ 4,614 $ 30,849 OCI before reclassifications 78,579 4,106 82,685 Deferred income tax benefit (expense) (16,501 ) (862 ) (17,363 ) AOCI before reclassifications, net of income tax 88,313 7,858 96,171 Amounts reclassified from AOCI (5,655 ) (3 ) (5,658 ) Deferred income tax benefit (expense) 1,186 1 1,187 Amounts reclassified from AOCI, net of income tax (4,469 ) (2 ) (4,471 ) Balance, June 30, 2019 $ 83,844 $ 7,856 $ 91,700 Three Months Ended Unrealized Unrealized Total (In thousands) Balance, March 31, 2018 $ 1,150 $ (1,812 ) $ (662 ) OCI before reclassifications (24,793 ) 3,576 (21,217 ) Deferred income tax benefit (expense) 5,206 (751 ) 4,455 AOCI before reclassifications, net of income tax (18,437 ) 1,013 (17,424 ) Amounts reclassified from AOCI 2,117 (49 ) 2,068 Deferred income tax benefit (expense) (445 ) 11 (434 ) Amounts reclassified from AOCI, net of income tax 1,672 (38 ) 1,634 Balance, June 30, 2018 $ (16,765 ) $ 975 $ (15,790 ) Six Months Ended Unrealized Unrealized Total (In thousands) Balance, December 31, 2018 $ (20,503 ) $ 5,432 $ (15,071 ) OCI before reclassifications 137,268 3,071 140,339 Deferred income tax benefit (expense) (28,826 ) (645 ) (29,471 ) AOCI before reclassifications, net of income tax 87,939 7,858 95,797 Amounts reclassified from AOCI (5,184 ) (3 ) (5,187 ) Deferred income tax benefit (expense) 1,089 1 1,090 Amounts reclassified from AOCI, net of income tax (4,095 ) (2 ) (4,097 ) Balance, June 30, 2019 $ 83,844 $ 7,856 $ 91,700 Six Months Ended Unrealized Unrealized Total (In thousands) Balance, December 31, 2017 $ 29,323 $ 305 $ 29,628 OCI before reclassifications (63,292 ) 902 (62,390 ) Deferred income tax benefit (expense) 13,289 (189 ) 13,100 AOCI before reclassifications, net of income tax (20,680 ) 1,018 (19,662 ) Amounts reclassified from AOCI 4,956 (55 ) 4,901 Deferred income tax benefit (expense) (1,041 ) 12 (1,029 ) Amounts reclassified from AOCI, net of income tax 3,915 (43 ) 3,872 Balance, June 30, 2018 $ (16,765 ) $ 975 $ (15,790 ) ______________ (1) See Note 4 for information on offsets to investments related to DAC and DSI.
Reclassification out of Accumulated Other Comprehensive Income (Loss)	Information regarding amounts reclassified out of each component of AOCI was as follows: AOCI Components Amounts Reclassified from AOCI Statements of Operations and Comprehensive Income (Loss) Locations Three Months Ended Six Months Ended 2019 2018 2019 2018 (In thousands) Net unrealized investment gains (losses): Net unrealized investment gains (losses) $ 5,663 $ (2,123 ) $ 5,198 $ (4,962 ) Net investment gains (losses) Net unrealized investment gains (losses) — 6 — 6 Net investment income Net unrealized investment gains (losses) (8 ) — (14 ) — Net derivative gains (losses) Net unrealized investment gains (losses), before income tax 5,655 (2,117 ) 5,184 (4,956 ) Income tax (expense) benefit (1,186 ) 445 (1,089 ) 1,041 Net unrealized investment gains (losses), net of income tax 4,469 (1,672 ) 4,095 (3,915 ) Unrealized gains (losses) on derivatives - cash flow hedges: Foreign currency swaps 3 49 3 55 Net derivative gains (losses) Gains (losses) on cash flow hedges, before income tax 3 49 3 55 Income tax (expense) benefit (1 ) (11 ) (1 ) (12 ) Gains (losses) on cash flow hedges, net of income tax 2 38 2 43 Total reclassifications, net of income tax $ 4,471 $ (1,634 ) $ 4,097 $ (3,872 )

Other Revenues and Other Expe_2

Other Revenues and Other Expenses Other Revenues and Other Expenses (Tables)	6 Months Ended
	Jun. 30, 2019
Other Income and Expenses [Abstract]
Schedule of Other Operating Cost and Expense, by Component [Table Text Block]	Information on other expenses was as follows: Three Months Ended Six Months Ended 2019 2018 2019 2018 (In thousands) Compensation $ 4,771 $ 3,680 $ 9,440 $ 7,190 Contracted services and other labor costs 3,439 2,685 6,036 4,522 Transition services agreements 3,743 2,818 7,527 5,765 Establishment costs 1,360 — 2,841 — Premium and other taxes, licenses and fees (653 ) 742 51 1,785 Volume related costs, excluding compensation, net of DAC capitalization 4,715 4,546 8,714 9,810 Other 2,249 1,710 3,905 2,836 Total other expenses $ 19,624 $ 16,181 $ 38,514 $ 31,908

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2019
Related Party Transactions [Abstract]
Effects of reinsurance	Information regarding the significant effects of related party reinsurance included on the interim condensed statements of operations and comprehensive income (loss) was as follows: Three Months Ended Six Months Ended 2019 2018 2019 2018 (In thousands) Premiums Reinsurance ceded $ (10,776 ) $ (9,614 ) $ (20,986 ) $ (17,726 ) Universal life and investment-type product policy fees Reinsurance ceded $ (990 ) $ (873 ) $ (1,793 ) $ (1,916 ) Other revenues Reinsurance ceded $ (24,998 ) $ (15,490 ) $ (48,506 ) $ (31,426 ) Policyholder benefits and claims Reinsurance ceded $ (17,745 ) $ (21,762 ) $ (25,958 ) $ (46,494 ) Information regarding the significant effects of ceded related party reinsurance included on the interim condensed balance sheets was as follows at: June 30, 2019 December 31, 2018 (In thousands) Assets Premiums, reinsurance and other receivables $ 575,642 $ 534,487 Liabilities Other liabilities $ 423,852 $ 429,656

Business, Basis of Presentati_3

Business, Basis of Presentation and Summary of Significant Accounting Policies (Narrative) (Details) - segment	6 Months Ended
	Jun. 30, 2019	Aug. 04, 2017
Instrument [Line Items]
Number of segments	2
Spinoff [Member]
Instrument [Line Items]
Common Stock Distribution by Parent		80.80%

Segment Information (Operating

Segment Information (Operating Results) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
Pre-tax adjusted earnings	$ 23,192		$ (7,128)		$ 20,437	$ (26,174)
Provision for income tax expense (benefit)	4,205		(2,167)		2,961	(6,843)
Net investment gains (losses)	5,472		(2,063)		5,020	(4,418)
Net derivative gains (losses)	27,308		(21,112)		24,063	(65,374)
Other adjustments to net income	(21,708)		(12,076)		(42,031)	(24,620)
Net income (loss)	18,987	$ (1,511)	(4,961)	$ (14,370)	17,476	(19,331)
Annuities
Segment Reporting Information [Line Items]
Interest revenue	20,107		15,278		37,879	30,081
Life
Segment Reporting Information [Line Items]
Interest revenue	9,306		8,482		17,610	17,321
Corporate & Other
Segment Reporting Information [Line Items]
Interest revenue	398		425		907	796
Operating Segments
Segment Reporting Information [Line Items]
Pre-tax adjusted earnings	(14,049)		11,215		(23,837)	26,921
Provision for income tax expense (benefit)	(3,615)		1,685		(6,336)	4,306
Adjusted earnings	(10,434)		9,530		(17,501)	22,615
Operating Segments | Annuities
Segment Reporting Information [Line Items]
Pre-tax adjusted earnings	(6,972)		6,473		(11,951)	11,903
Provision for income tax expense (benefit)	(1,886)		880		(3,354)	1,537
Adjusted earnings	(5,086)		5,593		(8,597)	10,366
Operating Segments | Life
Segment Reporting Information [Line Items]
Pre-tax adjusted earnings	(5,928)		4,556		(10,184)	12,570
Provision for income tax expense (benefit)	(1,244)		959		(2,138)	2,642
Adjusted earnings	(4,684)		3,597		(8,046)	9,928
Operating Segments | Corporate & Other
Segment Reporting Information [Line Items]
Pre-tax adjusted earnings	(1,149)		186		(1,702)	2,448
Provision for income tax expense (benefit)	(485)		(154)		(844)	127
Adjusted earnings	(664)		340		(858)	2,321
Segment Reconciling Items
Segment Reporting Information [Line Items]
Provision for income tax expense (benefit)	(7,820)		3,852		(9,297)	11,149
Net investment gains (losses)	5,472		(2,063)		5,020	(4,418)
Net derivative gains (losses)	27,308		(21,112)		24,063	(65,374)
Other adjustments to net income	$ 4,461		$ 4,832		$ 15,191	$ 16,697

Segment Information (Reconcilia

Segment Information (Reconciliation of Operating Revenues to Total Revenues) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 71,897	$ 23,833	$ 106,652	$ 24,882
Annuities
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	21,820	28,106	43,707	55,744
Life
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	13,477	14,407	26,124	30,103
Corporate & Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	528	1,079	1,198	2,103
Segment Reconciling Items
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 36,072	$ (19,759)	$ 35,623	$ (63,068)

Segment Information (Total Asse

Segment Information (Total Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total assets	$ 9,065,749	$ 8,130,125
Annuities
Segment Reporting Information [Line Items]
Total assets	7,828,964	7,034,394
Life
Segment Reporting Information [Line Items]
Total assets	1,157,104	1,083,641
Corporate & Other
Segment Reporting Information [Line Items]
Total assets	$ 79,681	$ 12,090

Segment Information (Narrative)

Segment Information (Narrative) (Details)	6 Months Ended
	Jun. 30, 2019segment
Segment Reporting [Abstract]
Number of segments	2

Insurance (Guarantees Related t

Insurance (Guarantees Related to Annuity Contracts) (Details) - Variable Annuity Guarantees - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Guaranteed Death Benefits
Net Amount at Risk by Product and Guarantee [Line Items]
Total account value (3)	$ 4,618,740	$ 4,274,326
Separate account value	4,610,504	4,266,520
Net amount at risk	$ 6,893	$ 193,102
Average attained age of contract holders	68 years	67 years
Guaranteed Annuitization Benefits
Net Amount at Risk by Product and Guarantee [Line Items]
Total account value (3)	$ 3,732,716	$ 3,483,668
Separate account value	3,732,340	3,482,829
Net amount at risk	$ 230,389	$ 274,632
Average attained age of contract holders	68 years	67 years

Investments (Fixed Maturity Sec

Investments (Fixed Maturity Securities AFS by Sector) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 2,694,974	$ 2,469,801
Gross Unrealized Gains	131,824	28,035
Gross Unrealized Temporary Losses	9,007	64,203
Gross Unrealized OTTI Losses	0	0
Debt Securities, Available-for-sale	2,817,791	2,433,633
U.S. corporate
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,251,600	890,676
Gross Unrealized Gains	57,287	5,402
Gross Unrealized Temporary Losses	2,807	23,034
Gross Unrealized OTTI Losses	0	0
Debt Securities, Available-for-sale	1,306,080	873,044
U.S. government and agency
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	299,264	511,255
Gross Unrealized Gains	22,155	9,961
Gross Unrealized Temporary Losses	23	13,697
Gross Unrealized OTTI Losses	0	0
Debt Securities, Available-for-sale	321,396	507,519
Foreign corporate
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	395,861	368,149
Gross Unrealized Gains	14,648	1,473
Gross Unrealized Temporary Losses	4,493	17,258
Gross Unrealized OTTI Losses	0	0
Debt Securities, Available-for-sale	406,016	352,364
CMBS
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	279,986	325,491
Gross Unrealized Gains	15,213	1,481
Gross Unrealized Temporary Losses	139	4,121
Gross Unrealized OTTI Losses	0	0
Debt Securities, Available-for-sale	295,060	322,851
RMBS
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	306,421	200,827
Gross Unrealized Gains	11,692	4,643
Gross Unrealized Temporary Losses	1,162	2,882
Gross Unrealized OTTI Losses	0	0
Debt Securities, Available-for-sale	316,951	202,588
ABS
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	75,917	79,806
Gross Unrealized Gains	674	158
Gross Unrealized Temporary Losses	297	1,133
Gross Unrealized OTTI Losses	0	0
Debt Securities, Available-for-sale	76,294	78,831
State and political subdivision
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	65,825	66,131
Gross Unrealized Gains	8,829	4,777
Gross Unrealized Temporary Losses	0	1,083
Gross Unrealized OTTI Losses	0	0
Debt Securities, Available-for-sale	74,654	69,825
Foreign government
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	20,100	27,466
Gross Unrealized Gains	1,326	140
Gross Unrealized Temporary Losses	86	995
Gross Unrealized OTTI Losses	0	0
Debt Securities, Available-for-sale	$ 21,340	$ 26,611

Investments (Maturities of Fixe

Investments (Maturities of Fixed Maturity Securities) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Amortized Cost, Due in one year or less	$ 51,742
Amortized Cost, Due after one year through five years	345,953
Amortized Cost, Due after five years through ten years	898,441
Amortized Cost, Due after ten years	736,514
Amortized Cost, Structured Securities	662,324
Amortized Cost	2,694,974	$ 2,469,801
Estimated Fair Value, Due in one year or less	52,130
Estimated Fair Value, Due after one year through five years	353,075
Estimated Fair Value, Due after five years through ten years	935,970
Estimated Fair Value, Due after ten years	788,311
Estimated Fair Value, Structured Securities	688,305
Debt Securities, Available-for-sale	$ 2,817,791	$ 2,433,633

Investments (Continuous Gross U

Investments (Continuous Gross Unrealized Losses for Fixed Maturity Securities AFS by Sector) (Details) $ in Thousands	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)
U.S. corporate
Debt Securities, Available-for-sale [Line Items]
Estimated Fair Value of securities in an unrealized loss position for less than 12 months	$ 50,818	$ 483,424
Gross Unrealized Losses of securities in an unrealized loss position for less than 12 months	1,217	15,849
Estimated Fair Value of securities in an unrealized loss position for 12 months or greater	66,497	131,812
Gross Unrealized Losses of securities in an unrealized loss position for 12 months or greater	1,590	7,185
U.S. government and agency
Debt Securities, Available-for-sale [Line Items]
Estimated Fair Value of securities in an unrealized loss position for less than 12 months	0	102,447
Gross Unrealized Losses of securities in an unrealized loss position for less than 12 months	0	1,925
Estimated Fair Value of securities in an unrealized loss position for 12 months or greater	8,682	296,265
Gross Unrealized Losses of securities in an unrealized loss position for 12 months or greater	23	11,772
Foreign corporate
Debt Securities, Available-for-sale [Line Items]
Estimated Fair Value of securities in an unrealized loss position for less than 12 months	46,883	194,924
Gross Unrealized Losses of securities in an unrealized loss position for less than 12 months	1,250	10,156
Estimated Fair Value of securities in an unrealized loss position for 12 months or greater	39,765	72,803
Gross Unrealized Losses of securities in an unrealized loss position for 12 months or greater	3,243	7,102
CMBS
Debt Securities, Available-for-sale [Line Items]
Estimated Fair Value of securities in an unrealized loss position for less than 12 months	183	119,412
Gross Unrealized Losses of securities in an unrealized loss position for less than 12 months	2	1,909
Estimated Fair Value of securities in an unrealized loss position for 12 months or greater	7,332	44,775
Gross Unrealized Losses of securities in an unrealized loss position for 12 months or greater	137	2,212
RMBS
Debt Securities, Available-for-sale [Line Items]
Estimated Fair Value of securities in an unrealized loss position for less than 12 months	8,628	57,510
Gross Unrealized Losses of securities in an unrealized loss position for less than 12 months	143	1,746
Estimated Fair Value of securities in an unrealized loss position for 12 months or greater	17,840	28,573
Gross Unrealized Losses of securities in an unrealized loss position for 12 months or greater	1,019	1,136
ABS
Debt Securities, Available-for-sale [Line Items]
Estimated Fair Value of securities in an unrealized loss position for less than 12 months	24,476	51,028
Gross Unrealized Losses of securities in an unrealized loss position for less than 12 months	183	985
Estimated Fair Value of securities in an unrealized loss position for 12 months or greater	10,594	11,699
Gross Unrealized Losses of securities in an unrealized loss position for 12 months or greater	114	148
State and political subdivision
Debt Securities, Available-for-sale [Line Items]
Estimated Fair Value of securities in an unrealized loss position for less than 12 months	0	18,260
Gross Unrealized Losses of securities in an unrealized loss position for less than 12 months	0	744
Estimated Fair Value of securities in an unrealized loss position for 12 months or greater	0	13,999
Gross Unrealized Losses of securities in an unrealized loss position for 12 months or greater	0	339
Foreign government
Debt Securities, Available-for-sale [Line Items]
Estimated Fair Value of securities in an unrealized loss position for less than 12 months	1,571	7,435
Gross Unrealized Losses of securities in an unrealized loss position for less than 12 months	86	716
Estimated Fair Value of securities in an unrealized loss position for 12 months or greater	0	6,782
Gross Unrealized Losses of securities in an unrealized loss position for 12 months or greater	0	279
Fixed maturity securities
Debt Securities, Available-for-sale [Line Items]
Estimated Fair Value of securities in an unrealized loss position for less than 12 months	132,559	1,034,440
Gross Unrealized Losses of securities in an unrealized loss position for less than 12 months	$ 2,881	$ 34,030
Total number of securities in an unrealized loss position for less than 12 months	63	364
Estimated Fair Value of securities in an unrealized loss position for 12 months or greater	$ 150,710	$ 606,708
Gross Unrealized Losses of securities in an unrealized loss position for 12 months or greater	$ 6,126	$ 30,173
Total number of securities in an unrealized loss position for 12 months or greater	60	146

Investments (Mortgage Loans by

Investments (Mortgage Loans by Portfolio Segment) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Loans and Leases Receivable Disclosure [Line Items]
Carrying Value	$ 522,786	$ 450,042
Mortgage loans, gross as a percentage of total mortgage loans, net	100.40%	100.40%
Mortgage loans valuation allowances	$ (2,142)	$ (1,937)
Mortgage loans valuation allowances as a percentage of total mortgage loans, net	(0.40%)	(0.40%)
Total mortgage loans, net	$ 520,644	$ 448,105
Total mortgage loans, net as a percentage of total mortgage loans, net	100.00%	100.00%
Mortgage Loans | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Carrying Value	$ 364,139	$ 310,681
Mortgage loans, gross as a percentage of total mortgage loans, net	69.90%	69.30%
Mortgage Loans | Agricultural
Loans and Leases Receivable Disclosure [Line Items]
Carrying Value	$ 158,647	$ 139,361
Mortgage loans, gross as a percentage of total mortgage loans, net	30.50%	31.10%

Investments (Credit Quality of

Investments (Credit Quality of Mortgage Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment	$ 522,786	$ 450,042
Mortgage Loans | Commercial
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment	$ 364,139	$ 310,681
Recorded Investment as a % of Total	100.00%	100.00%
Mortgage Loans | Commercial | Debt Service Coverage Ratio, Greater than 1.20x
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment	$ 359,139	$ 292,234
Mortgage Loans | Commercial | Debt Service Coverage Ratio, 1.00x to 1.20x
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment	5,000	5,000
Mortgage Loans | Commercial | Debt Service Coverage Ratio, Less than 1.00x
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment	0	13,447
Mortgage Loans | Commercial | Loan-to-Value Ratio, Less than 65%
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment	$ 340,635	$ 292,128
Recorded Investment as a % of Total	93.50%	94.00%
Mortgage Loans | Commercial | Loan-to-Value Ratio, Less than 65% | Debt Service Coverage Ratio, Greater than 1.20x
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment	$ 335,635	$ 273,681
Mortgage Loans | Commercial | Loan-to-Value Ratio, Less than 65% | Debt Service Coverage Ratio, 1.00x to 1.20x
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment	5,000	5,000
Mortgage Loans | Commercial | Loan-to-Value Ratio, Less than 65% | Debt Service Coverage Ratio, Less than 1.00x
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment	0	13,447
Mortgage Loans | Commercial | Loan-to-Value Ratio, 65% to 75%
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment	$ 19,224	$ 14,257
Recorded Investment as a % of Total	5.30%	4.60%
Mortgage Loans | Commercial | Loan-to-Value Ratio, 65% to 75% | Debt Service Coverage Ratio, Greater than 1.20x
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment	$ 19,224	$ 14,257
Mortgage Loans | Commercial | Loan-to-Value Ratio, 65% to 75% | Debt Service Coverage Ratio, 1.00x to 1.20x
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment	0	0
Mortgage Loans | Commercial | Loan-to-Value Ratio, 65% to 75% | Debt Service Coverage Ratio, Less than 1.00x
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment	0	0
Mortgage Loans | Commercial | Loan-to-Value Ratio, 76% to 80%
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment	$ 4,280	$ 4,296
Recorded Investment as a % of Total	1.20%	1.40%
Mortgage Loans | Commercial | Loan-to-Value Ratio, 76% to 80% | Debt Service Coverage Ratio, Greater than 1.20x
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment	$ 4,280	$ 4,296
Mortgage Loans | Commercial | Loan-to-Value Ratio, 76% to 80% | Debt Service Coverage Ratio, 1.00x to 1.20x
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment	0	0
Mortgage Loans | Commercial | Loan-to-Value Ratio, 76% to 80% | Debt Service Coverage Ratio, Less than 1.00x
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment	0	0
Mortgage Loans | Agricultural
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment	$ 158,647	$ 139,361
Recorded Investment as a % of Total	100.00%	100.00%
Mortgage Loans | Agricultural | Loan-to-Value Ratio, Less than 65%
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment	$ 150,530	$ 133,884
Recorded Investment as a % of Total	94.90%	96.10%
Mortgage Loans | Agricultural | Loan-to-Value Ratio, 65% to 75%
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment	$ 8,117	$ 5,477
Recorded Investment as a % of Total	5.10%	3.90%

Investments (Net Unrealized Inv

Investments (Net Unrealized Investment Gains (Losses)) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Components of net unrealized investment gains (losses) included in accumulated other comprehensive loss
Fixed maturity securities	$ 122,817	$ (36,166)
Derivatives	8,859	5,791
Subtotal	131,676	(30,375)
DAC and DSI	(15,600)	11,299
Deferred income tax benefit (expense)	(24,376)	4,005
Net unrealized investment gains (losses)	$ 91,700	$ (15,071)

Investments (Changes in Net Unr

Investments (Changes in Net Unrealized Investment Gains (Losses)) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Investments, Debt and Equity Securities [Abstract]
Balance, December 31, 2018	$ (15,071)
Unrealized investment gains (losses) during the period	162,051
Unrealized investment gains (losses) relating to:
DAC and DSI	(26,899)
Deferred income tax benefit (expense)	(28,381)
Balance, June 30, 2019	91,700
Change in net unrealized investment gains (losses)	$ 106,771

Investments (Invested Assets on

Investments (Invested Assets on Deposit and Pledged as Collateral) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Invested assets on deposit (regulatory deposits)	$ 1,598	$ 1,482
Invested assets pledged as collateral	6,270	158
Total invested assets on deposit and pledged as collateral	$ 7,868	$ 1,640

Investments (Variable Interest

Investments (Variable Interest Entities) (Details) - Fixed maturity securities - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Variable Interest Entity [Line Items]
Carrying Amount	$ 396,963	$ 409,699
Maximum Exposure to Loss	$ 379,151	$ 409,699

Investments (Net Investment Inc

Investments (Net Investment Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Net Investment Income [Line Items]
Gross investment income	$ 30,830	$ 25,775	$ 58,379	$ 50,585
Less: Investment expenses	1,114	1,686	2,170	2,565
Net investment income	29,716	24,089	56,209	48,020
Fixed maturity securities
Net Investment Income [Line Items]
Gross investment income	24,785	20,937	47,698	41,302
Mortgage loans
Net Investment Income [Line Items]
Gross investment income	4,919	4,314	8,818	8,505
Cash, cash equivalents and short-term investments
Net Investment Income [Line Items]
Gross investment income	765	298	1,152	456
Other
Net Investment Income [Line Items]
Gross investment income	$ 361	$ 225	$ 711	$ 321

Investments (Components of Net

Investments (Components of Net Investment Gains (Losses)) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Net investment gains (losses), fixed maturity securities	$ 5,662	$ (2,123)	$ 5,194	$ (4,962)
Net investment gains (losses), mortgage loans	(136)	135	(205)	53
Net investment gains (losses), other	(54)	(75)	31	491
Total net investment gains (losses)	$ 5,472	$ (2,063)	$ 5,020	$ (4,418)

Investments (Sales or Disposals

Investments (Sales or Disposals of Fixed Maturity Securities) (Details) - Fixed maturity securities - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Debt Securities, Available-for-sale [Line Items]
Proceeds	$ 358,205	$ 73,115	$ 413,682	$ 126,676
Gross investment gains	6,501	21	6,651	36
Gross investment losses	(839)	(2,144)	(1,457)	(4,998)
Net investment gains (losses)	$ 5,662	$ (2,123)	$ 5,194	$ (4,962)

Investments (Fixed Maturity S_2

Investments (Fixed Maturity Securities AFS - Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale	$ 2,817,791	$ 2,433,633
Non-Income Producing Debt Securities
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale	$ 0	$ 0

Investments (Continuous Gross_2

Investments (Continuous Gross Unrealized Losses for Fixed Maturity Securities AFS by Sector - Narrative) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)Contracts
Debt Securities, Available-for-sale [Line Items]
Fixed maturity securities available-for-sale with gross unrealized loss of equal to or greater than stated percentage	20.00%
Fixed maturity securities
Debt Securities, Available-for-sale [Line Items]
Change in gross unrealized losses of securities in an unrealized loss position	$ 55,200
Gross unrealized losses of securities in an unrealized loss position	9,000
20% or more | Six months or greater | Fixed maturity securities
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses of securities in an unrealized loss position	$ 928
Number of Securities | Contracts	1

Investments (Mortgage Loans - N

Investments (Mortgage Loans - Narrative) (Details) - Mortgage Loans $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)Contracts	Jun. 30, 2018Contracts	Jun. 30, 2019USD ($)Contracts	Jun. 30, 2018Contracts	Dec. 31, 2018USD ($)
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Loans Modified in Troubled Debt Restructuring | Contracts	0	0	0	0
Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Recorded Investment as a % of Total	100.00%		100.00%		100.00%
Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Recorded Investment of Loans Past Due	$ 0		$ 0		$ 0
Recorded Investment of Loans in Nonaccrual Status	0		0		0
Agricultural
Financing Receivable, Recorded Investment, Past Due [Line Items]
Recorded Investment of Loans Past Due	0		0		0
Recorded Investment of Loans in Nonaccrual Status	$ 0		$ 0		$ 0

Investments (Cash Equivalents -

Investments (Cash Equivalents - Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Cash equivalents	$ 0	$ 89.9

Investments (Invested Assets _2

Investments (Invested Assets on Deposit and Pledged as Collateral - Narrative) (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Restricted Cash	$ 0	$ 0

Investments (Variable Interes_2

Investments (Variable Interest Entities - Narrative) (Details)	Jun. 30, 2019	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Material VIEs	0	0

Investments (Net Investment I_2

Investments (Net Investment Income & Net Investment Gains (Losses) - Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Gains (losses) from foreign currency transactions	$ (7)	$ (122)	$ 3	$ 292

Investments (Related Party Inve

Investments (Related Party Investment Transactions - Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Related Party Transaction [Line Items]
Related party investment administrative service charges	$ 15,200	$ 10,100	$ 30,300	$ 19,800
Metlife Investment Advisors, LLC
Related Party Transaction [Line Items]
Related party investment administrative service charges		$ 1,500		$ 2,300

Derivatives (Primary Risks Mana

Derivatives (Primary Risks Managed by Derivatives) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Derivatives, Fair Value [Line Items]
Gross Notional Amount	$ 2,599,690	$ 3,065,158
Derivative Asset, Fair Value, Gross Asset	379,797	326,829
Derivative Liability, Fair Value, Gross Liability	85,165	(12,767)
Embedded Derivative, Fair Value of Embedded Derivative Asset	330,407	298,112
Embedded Derivative, Fair Value of Embedded Derivative Liability	69,934	(13,194)
Derivatives Designated as Hedging Instruments: | Cash flow hedges: | Foreign currency swaps
Derivatives, Fair Value [Line Items]
Gross Notional Amount	89,224	82,704
Derivative Asset, Fair Value, Gross Asset	8,754	5,649
Derivative Liability, Fair Value, Gross Liability	249	187
Derivatives Not Designated or Not Qualifying as Hedging Instruments:
Derivatives, Fair Value [Line Items]
Gross Notional Amount	2,510,466	2,982,454
Derivative Asset, Fair Value, Gross Asset	40,636	23,068
Derivative Liability, Fair Value, Gross Liability	14,982	240
Derivatives Not Designated or Not Qualifying as Hedging Instruments: | Interest rate caps
Derivatives, Fair Value [Line Items]
Gross Notional Amount	800,000	800,000
Derivative Asset, Fair Value, Gross Asset	2,925	9,284
Derivative Liability, Fair Value, Gross Liability	0	0
Derivatives Not Designated or Not Qualifying as Hedging Instruments: | Equity index options
Derivatives, Fair Value [Line Items]
Gross Notional Amount	1,692,574	2,154,321
Derivative Asset, Fair Value, Gross Asset	33,462	10,389
Derivative Liability, Fair Value, Gross Liability	14,859	96
Derivatives Not Designated or Not Qualifying as Hedging Instruments: | Foreign currency swaps
Derivatives, Fair Value [Line Items]
Gross Notional Amount	17,892	28,133
Derivative Asset, Fair Value, Gross Asset	4,249	3,395
Derivative Liability, Fair Value, Gross Liability	123	144
Ceded guaranteed minimum benefits
Derivatives, Fair Value [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset	330,407	298,112
Embedded Derivative, Fair Value of Embedded Derivative Liability	0	0
Direct guaranteed minimum benefit
Derivatives, Fair Value [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset	0	0
Embedded Derivative, Fair Value of Embedded Derivative Liability	(23,278)	(18,811)
Direct index-linked annuities
Derivatives, Fair Value [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset	0	0
Embedded Derivative, Fair Value of Embedded Derivative Liability	$ 93,212	$ 5,617

Derivatives Derivatives (NQ, CF

Derivatives Derivatives (NQ, CF, FV) Details (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Net Derivative Gains (Losses) Recognized for Hedged Items	$ (104)	$ (256)	$ (16)	$ (104)
Amount of Gains (Losses) deferred in AOCI	4,106	3,576	3,071	902
Derivatives Not Designated or Not Qualifying as Hedging Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Net Derivative Gains (Losses) Recognized for Hedged Items	(96)	(256)	(2)	(104)
Amount of Gains (Losses) deferred in AOCI	0	0	0	0
Cash flow hedges:
Derivative Instruments, Gain (Loss) [Line Items]
Net Derivative Gains (Losses) Recognized for Hedged Items	(8)	0	(14)	0
Amount of Gains (Losses) deferred in AOCI	4,106	3,576	3,071	902
Net derivative gains (losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	27,412	(20,856)	24,079	(65,270)
Net derivative gains (losses) | Derivatives Not Designated or Not Qualifying as Hedging Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	27,409	(20,905)	24,076	(65,325)
Net derivative gains (losses) | Cash flow hedges:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	3	49	3	55
Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	353	215	623	401
Net Investment Income | Derivatives Not Designated or Not Qualifying as Hedging Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	0	0	0	0
Net Investment Income | Cash flow hedges:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	353	215	623	401
Interest rate derivatives | Derivatives Not Designated or Not Qualifying as Hedging Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Net Derivative Gains (Losses) Recognized for Hedged Items	0	0	0	0
Amount of Gains (Losses) deferred in AOCI	0	0	0	0
Interest rate derivatives | Net derivative gains (losses) | Derivatives Not Designated or Not Qualifying as Hedging Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(1,847)	12	(6,359)	(3,990)
Interest rate derivatives | Net Investment Income | Derivatives Not Designated or Not Qualifying as Hedging Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	0	0	0	0
Foreign currency exchange rate derivatives | Derivatives Not Designated or Not Qualifying as Hedging Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Net Derivative Gains (Losses) Recognized for Hedged Items	(96)	(256)	(2)	(104)
Amount of Gains (Losses) deferred in AOCI	0	0	0	0
Foreign currency exchange rate derivatives | Cash flow hedges:
Derivative Instruments, Gain (Loss) [Line Items]
Net Derivative Gains (Losses) Recognized for Hedged Items	(8)	0	(14)	0
Amount of Gains (Losses) deferred in AOCI	4,106	3,576	3,071	902
Foreign currency exchange rate derivatives | Net derivative gains (losses) | Derivatives Not Designated or Not Qualifying as Hedging Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	1,091	1,265	1,055	293
Foreign currency exchange rate derivatives | Net derivative gains (losses) | Cash flow hedges:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	3	49	3	55
Foreign currency exchange rate derivatives | Net Investment Income | Derivatives Not Designated or Not Qualifying as Hedging Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	0	0	0	0
Foreign currency exchange rate derivatives | Net Investment Income | Cash flow hedges:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	353	215	623	401
Equity derivatives | Derivatives Not Designated or Not Qualifying as Hedging Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Net Derivative Gains (Losses) Recognized for Hedged Items	0	0	0	0
Amount of Gains (Losses) deferred in AOCI	0	0	0	0
Equity derivatives | Net derivative gains (losses) | Derivatives Not Designated or Not Qualifying as Hedging Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	13,571	1,722	49,687	(7,014)
Equity derivatives | Net Investment Income | Derivatives Not Designated or Not Qualifying as Hedging Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	0	0	0	0
Embedded derivatives | Derivatives Not Designated or Not Qualifying as Hedging Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Net Derivative Gains (Losses) Recognized for Hedged Items	0	0	0	0
Amount of Gains (Losses) deferred in AOCI	0	0	0	0
Embedded derivatives | Net derivative gains (losses) | Derivatives Not Designated or Not Qualifying as Hedging Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	14,594	(23,904)	(20,307)	(54,614)
Embedded derivatives | Net Investment Income | Derivatives Not Designated or Not Qualifying as Hedging Instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ 0	$ 0	$ 0	$ 0

Derivatives (Derivatives (Estim

Derivatives (Derivatives (Estimated Fair Value of Derivative Assets and Liabilities after Master Netting Agreements and Cash Collateral) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Offsetting Derivative Assets [Abstract]
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	$ 49,664	$ 29,006
Derivative Asset, Not Offset, Policy Election Deduction	(10,170)	(365)
Derivative Asset, Collateral, Obligation to Return Cash, Offset	(31,818)	(23,197)
Derivative Asset, Fair Value, Amount Offset Against Collateral	7,676	5,444
Derivative Asset, Collateral, Obligation to Return Securities, Offset	(3,915)	(2,212)
Derivative Asset, Fair Value, Offset Against Collateral, Net of Not Subject to Master Netting Arrangement, Policy Election	3,761	3,232
Offsetting Derivative Liabilities [Abstract]
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	15,211	411
Derivative Liability, Not Offset, Policy Election Deduction	(10,170)	(365)
Derivative Liability, Collateral, Right to Reclaim Cash, Offset	0	0
Derivative Liability, Fair Value, Amount Offset Against Collateral	5,041	46
Derivative Liability, Collateral, Right to Reclaim Securities, Offset	(5,041)	(46)
Derivative Liability, Fair Value, Offset Against Collateral, Net of Not Subject to Master Netting Arrangement, Policy Election	$ 0	$ 0

Derivatives (Estimated Fair Val

Derivatives (Estimated Fair Value of OTC-Bilateral Derivatives (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Derivative [Line Items]
Estimated Fair Value of Derivatives in Net Liability Position	$ 5,041	$ 46
Fixed Maturities Securities
Derivative [Line Items]
Estimated Fair Value of Collateral Provided	$ 6,270	$ 158

Derivatives (NQ, FV, CF - Narra

Derivatives (NQ, FV, CF - Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax	$ 8.9	$ 5.8

Fair Value (Recurring Fair Valu

Fair Value (Recurring Fair Value Measurements) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets [Abstract]
Debt Securities, Available-for-sale	$ 2,817,791	$ 2,433,633
Derivative assets	379,797	326,829
Embedded derivatives within asset host contracts	330,407	298,112
Separate account assets	4,612,744	4,268,423
Liabilities [Abstract]
Derivative liabilities	85,165	(12,767)
Embedded derivatives within liability host contracts	69,934	(13,194)
Recurring
Assets [Abstract]
Debt Securities, Available-for-sale	2,817,791	2,433,633
Derivative assets	49,390	28,717
Embedded derivatives within asset host contracts	330,407	298,112
Separate account assets	4,612,744	4,268,423
Total assets	7,810,332	7,028,885
Liabilities [Abstract]
Derivative liabilities	15,231	427
Embedded derivatives within liability host contracts	69,934	(13,194)
Total liabilities	85,165	(12,767)
Recurring | Interest rate derivatives
Assets [Abstract]
Derivative assets	2,925	9,284
Recurring | Foreign currency exchange rate
Assets [Abstract]
Derivative assets	13,003	9,044
Liabilities [Abstract]
Derivative liabilities	372	331
Recurring | Equity derivatives
Assets [Abstract]
Derivative assets	33,462	10,389
Liabilities [Abstract]
Derivative liabilities	14,859	96
Recurring | U.S. corporate
Assets [Abstract]
Debt Securities, Available-for-sale	1,306,080	873,044
Recurring | U.S. government and agency
Assets [Abstract]
Debt Securities, Available-for-sale	321,396	507,519
Recurring | Foreign corporate
Assets [Abstract]
Debt Securities, Available-for-sale	406,016	352,364
Recurring | CMBS
Assets [Abstract]
Debt Securities, Available-for-sale	295,060	322,851
Recurring | RMBS
Assets [Abstract]
Debt Securities, Available-for-sale	316,951	202,588
Recurring | ABS
Assets [Abstract]
Debt Securities, Available-for-sale	76,294	78,831
Recurring | State and political subdivision
Assets [Abstract]
Debt Securities, Available-for-sale	74,654	69,825
Recurring | Foreign government
Assets [Abstract]
Debt Securities, Available-for-sale	21,340	26,611
Recurring | Level 1
Assets [Abstract]
Debt Securities, Available-for-sale	191,142	389,491
Derivative assets	0	0
Embedded derivatives within asset host contracts	0	0
Separate account assets	0	0
Total assets	191,142	389,491
Liabilities [Abstract]
Derivative liabilities	0	0
Embedded derivatives within liability host contracts	0	0
Total liabilities	0	0
Recurring | Level 1 | Interest rate derivatives
Assets [Abstract]
Derivative assets	0	0
Recurring | Level 1 | Foreign currency exchange rate
Assets [Abstract]
Derivative assets	0	0
Liabilities [Abstract]
Derivative liabilities	0	0
Recurring | Level 1 | Equity derivatives
Assets [Abstract]
Derivative assets	0	0
Liabilities [Abstract]
Derivative liabilities	0	0
Recurring | Level 1 | U.S. corporate
Assets [Abstract]
Debt Securities, Available-for-sale	0	0
Recurring | Level 1 | U.S. government and agency
Assets [Abstract]
Debt Securities, Available-for-sale	191,142	389,491
Recurring | Level 1 | Foreign corporate
Assets [Abstract]
Debt Securities, Available-for-sale	0	0
Recurring | Level 1 | CMBS
Assets [Abstract]
Debt Securities, Available-for-sale	0	0
Recurring | Level 1 | RMBS
Assets [Abstract]
Debt Securities, Available-for-sale	0	0
Recurring | Level 1 | ABS
Assets [Abstract]
Debt Securities, Available-for-sale	0	0
Recurring | Level 1 | State and political subdivision
Assets [Abstract]
Debt Securities, Available-for-sale	0	0
Recurring | Level 1 | Foreign government
Assets [Abstract]
Debt Securities, Available-for-sale	0	0
Recurring | Level 2
Assets [Abstract]
Debt Securities, Available-for-sale	2,605,228	2,026,101
Derivative assets	49,390	28,245
Embedded derivatives within asset host contracts	0	0
Separate account assets	4,612,744	4,268,423
Total assets	7,267,362	6,322,769
Liabilities [Abstract]
Derivative liabilities	15,231	427
Embedded derivatives within liability host contracts	0	0
Total liabilities	15,231	427
Recurring | Level 2 | Interest rate derivatives
Assets [Abstract]
Derivative assets	2,925	9,284
Recurring | Level 2 | Foreign currency exchange rate
Assets [Abstract]
Derivative assets	13,003	8,572
Liabilities [Abstract]
Derivative liabilities	372	331
Recurring | Level 2 | Equity derivatives
Assets [Abstract]
Derivative assets	33,462	10,389
Liabilities [Abstract]
Derivative liabilities	14,859	96
Recurring | Level 2 | U.S. corporate
Assets [Abstract]
Debt Securities, Available-for-sale	1,302,367	869,498
Recurring | Level 2 | U.S. government and agency
Assets [Abstract]
Debt Securities, Available-for-sale	130,254	118,028
Recurring | Level 2 | Foreign corporate
Assets [Abstract]
Debt Securities, Available-for-sale	388,308	342,600
Recurring | Level 2 | CMBS
Assets [Abstract]
Debt Securities, Available-for-sale	295,060	318,120
Recurring | Level 2 | RMBS
Assets [Abstract]
Debt Securities, Available-for-sale	316,951	202,588
Recurring | Level 2 | ABS
Assets [Abstract]
Debt Securities, Available-for-sale	76,294	78,831
Recurring | Level 2 | State and political subdivision
Assets [Abstract]
Debt Securities, Available-for-sale	74,654	69,825
Recurring | Level 2 | Foreign government
Assets [Abstract]
Debt Securities, Available-for-sale	21,340	26,611
Recurring | Level 3
Assets [Abstract]
Debt Securities, Available-for-sale	21,421	18,041
Derivative assets	0	472
Embedded derivatives within asset host contracts	330,407	298,112
Separate account assets	0	0
Total assets	351,828	316,625
Liabilities [Abstract]
Derivative liabilities	0	0
Embedded derivatives within liability host contracts	69,934	(13,194)
Total liabilities	69,934	(13,194)
Recurring | Level 3 | Interest rate derivatives
Assets [Abstract]
Derivative assets	0	0
Recurring | Level 3 | Foreign currency exchange rate
Assets [Abstract]
Derivative assets	0	472
Liabilities [Abstract]
Derivative liabilities	0	0
Recurring | Level 3 | Equity derivatives
Assets [Abstract]
Derivative assets	0	0
Liabilities [Abstract]
Derivative liabilities	0	0
Recurring | Level 3 | U.S. corporate
Assets [Abstract]
Debt Securities, Available-for-sale	3,713	3,546
Recurring | Level 3 | U.S. government and agency
Assets [Abstract]
Debt Securities, Available-for-sale	0	0
Recurring | Level 3 | Foreign corporate
Assets [Abstract]
Debt Securities, Available-for-sale	17,708	9,764
Recurring | Level 3 | CMBS
Assets [Abstract]
Debt Securities, Available-for-sale	0	4,731
Recurring | Level 3 | RMBS
Assets [Abstract]
Debt Securities, Available-for-sale	0	0
Recurring | Level 3 | ABS
Assets [Abstract]
Debt Securities, Available-for-sale	0	0
Recurring | Level 3 | State and political subdivision
Assets [Abstract]
Debt Securities, Available-for-sale	0	0
Recurring | Level 3 | Foreign government
Assets [Abstract]
Debt Securities, Available-for-sale	$ 0	$ 0

Fair Value (Assets and Liabilit

Fair Value (Assets and Liabilities Measured - Quantitative Information) (Details) - Level 3	Jun. 30, 2019	Dec. 31, 2018
Measurement Input, Mortality Rate | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Embedded Derivative Liability, Measurement Input	0.0002	0.0002
Measurement Input, Mortality Rate | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Embedded Derivative Liability, Measurement Input	0.1131	0.1131
Measurement Input, Lapse Rate | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Embedded Derivative Liability, Measurement Input	0.0025	0.0025
Measurement Input, Lapse Rate | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Embedded Derivative Liability, Measurement Input	0.1600	0.1600
Measurement Input, Utilization Rate | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Embedded Derivative Liability, Measurement Input	0	0
Measurement Input, Utilization Rate | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Embedded Derivative Liability, Measurement Input	0.2500	0.2500
Measurement Input, Withdrawal Rate | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Embedded Derivative Liability, Measurement Input	0.0025	0.0025
Measurement Input, Withdrawal Rate | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Embedded Derivative Liability, Measurement Input	0.1000	0.1000
Measurement Input, Long Term Equity Volatilities | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Embedded Derivative Liability, Measurement Input	0.1650	0.1650
Measurement Input, Long Term Equity Volatilities | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Embedded Derivative Liability, Measurement Input	0.2200	0.2200
Measurement Input, Entity Credit Risk | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Embedded Derivative Liability, Measurement Input	0.0094	0.0191
Measurement Input, Entity Credit Risk | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Embedded Derivative Liability, Measurement Input	0.0243	0.0266

Fair Value (Unobservable Input

Fair Value (Unobservable Input Reconciliation) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
NetDerivatives [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Balance, beginning of period	$ 0	$ 0	$ 472	$ 0
Total realized/unrealized gains (losses) included in net income (loss) (4) (5)	0	0	0	0
Total realized/unrealized gains (losses) included in AOCI	0	0	0	0
Purchases (6)	0	0	0	0
Sales (6)	0	0	0	0
Issuances (6)	0	0	0	0
Settlements (6)	0	0	0	0
Transfers into Level 3 (7)	0	0	0	0
Transfers out of Level 3 (7)	0	0	(472)	0
Balance, end of period	0	0	0	0
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period	0	0	0	0
Net Embedded Derivatives (3)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Balance, beginning of period	261,740	311,011	311,306	347,633
Total realized/unrealized gains (losses) included in net income (loss) (4) (5)	14,594	(23,904)	(20,307)	(54,614)
Total realized/unrealized gains (losses) included in AOCI	0	0	0	0
Purchases (6)	0	0	0	0
Sales (6)	0	0	0	0
Issuances (6)	0	0	0	0
Settlements (6)	(15,861)	(5,922)	(30,526)	(11,834)
Transfers into Level 3 (7)	0	0	0	0
Transfers out of Level 3 (7)	0	0	0	0
Balance, end of period	260,473	281,185	260,473	281,185
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period	25,980	(15,574)	39,060	(48,637)
Corporate (1)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	13,725	92,080	13,310	95,950
Total realized/unrealized gains (losses) included in net income (loss) (4) (5)	9	(221)	18	(220)
Total realized/unrealized gains (losses) included in AOCI	(187)	(3,003)	201	(3,778)
Purchases (6)	9,000	10,498	9,000	11,285
Sales (6)	(63)	(4,109)	(111)	(4,826)
Issuances (6)	0	0	0	0
Settlements (6)	0	0	0	0
Transfers into Level 3 (7)	0	0	262	0
Transfers out of Level 3 (7)	(1,063)	0	(1,259)	(3,166)
Balance, end of period	21,421	95,245	21,421	95,245
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period	9	4	18	8
Structured Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	10,177	21,337	4,731	19,557
Total realized/unrealized gains (losses) included in net income (loss) (4) (5)	0	78	0	186
Total realized/unrealized gains (losses) included in AOCI	0	98	0	208
Purchases (6)	0	6,901	0	6,901
Sales (6)	0	(301)	0	(690)
Issuances (6)	0	0	0	0
Settlements (6)	0	0	0	0
Transfers into Level 3 (7)	0	0	0	0
Transfers out of Level 3 (7)	(10,177)	(1,951)	(4,731)	0
Balance, end of period	0	26,162	0	26,162
Changes in unrealized gains (losses) included in net income (loss) for the instruments still held at end of period	$ 0	$ 78	$ 0	$ 187

Fair Value (Financial Instrumen

Fair Value (Financial Instruments Carried at Other Than Fair Value) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Carrying Value
Assets
Mortgage loans	$ 520,644	$ 448,105
Premiums, reinsurance and other receivables	18,403	20,001
Liabilities
Policyholder account balances	995,188	1,056,419
Other liabilities	35,047	10,399
Estimate of Fair Value Measurement
Assets
Mortgage loans	538,265	447,510
Premiums, reinsurance and other receivables	17,478	17,826
Liabilities
Policyholder account balances	956,791	949,916
Other liabilities	35,047	10,399
Estimate of Fair Value Measurement | Level 1
Assets
Mortgage loans	0	0
Premiums, reinsurance and other receivables	0	0
Liabilities
Policyholder account balances	0	0
Other liabilities	0	0
Estimate of Fair Value Measurement | Level 2
Assets
Mortgage loans	0	0
Premiums, reinsurance and other receivables	3,213	2,314
Liabilities
Policyholder account balances	0	0
Other liabilities	35,047	10,399
Estimate of Fair Value Measurement | Level 3
Assets
Mortgage loans	538,265	447,510
Premiums, reinsurance and other receivables	14,265	15,512
Liabilities
Policyholder account balances	956,791	949,916
Other liabilities	$ 0	$ 0

Equity (Capital Transactions) (

Equity (Capital Transactions) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2019	Jun. 30, 2019	Jun. 30, 2018
Equity [Abstract]
Capital contribution	$ 75,000	$ 75,000	$ 0

Equity (Components of Accumulat

Equity (Components of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning of period	$ 30,849	$ (662)	$ (15,071)	$ 29,628
OCI before reclassifications	82,685	(21,217)	140,339	(62,390)
Deferred income tax benefit (expense)	(17,363)	4,455	(29,471)	13,100
AOCI before reclassifications, net of income tax	96,171	(17,424)	95,797	(19,662)
Amounts reclassified from AOCI	(5,658)	2,068	(5,187)	4,901
Deferred income tax benefit (expense)	1,187	(434)	1,090	(1,029)
Amounts reclassified from AOCI, net of income tax	(4,471)	1,634	(4,097)	3,872
Balance, end of period	91,700	(15,790)	91,700	(15,790)
Unrealized Investment Gains (Losses), Net of Related Offsets (1)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning of period	26,235	1,150	(20,503)	29,323
OCI before reclassifications	78,579	(24,793)	137,268	(63,292)
Deferred income tax benefit (expense)	(16,501)	5,206	(28,826)	13,289
AOCI before reclassifications, net of income tax	88,313	(18,437)	87,939	(20,680)
Amounts reclassified from AOCI	(5,655)	2,117	(5,184)	4,956
Deferred income tax benefit (expense)	1,186	(445)	1,089	(1,041)
Amounts reclassified from AOCI, net of income tax	(4,469)	1,672	(4,095)	3,915
Balance, end of period	83,844	(16,765)	83,844	(16,765)
Unrealized Gains (Losses) on Derivatives
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning of period	4,614	(1,812)	5,432	305
OCI before reclassifications	4,106	3,576	3,071	902
Deferred income tax benefit (expense)	(862)	(751)	(645)	(189)
AOCI before reclassifications, net of income tax	7,858	1,013	7,858	1,018
Amounts reclassified from AOCI	(3)	(49)	(3)	(55)
Deferred income tax benefit (expense)	1	11	1	12
Amounts reclassified from AOCI, net of income tax	(2)	(38)	(2)	(43)
Balance, end of period	$ 7,856	$ 975	$ 7,856	$ 975

Equity (Reclassifications Out o

Equity (Reclassifications Out of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gain (Loss) on Investments	$ 5,472		$ (2,063)		$ 5,020	$ (4,418)
Net Investment Income	29,716		24,089		56,209	48,020
Net derivative gains (losses)	27,308		(21,112)		24,063	(65,374)
Net unrealized investment gains (losses), before income tax	23,192		(7,128)		20,437	(26,174)
Income tax (expense) benefit	(4,205)		2,167		(2,961)	6,843
Net income (loss)	18,987	$ (1,511)	(4,961)	$ (14,370)	17,476	(19,331)
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income (loss)	4,471		(1,634)		4,097	(3,872)
Reclassification out of Accumulated Other Comprehensive Income | Net unrealized investment gains (losses):
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gain (Loss) on Investments	5,663		(2,123)		5,198	(4,962)
Net Investment Income	0		6		0	6
Net derivative gains (losses)	(8)		0		(14)	0
Net unrealized investment gains (losses), before income tax	5,655		(2,117)		5,184	(4,956)
Income tax (expense) benefit	(1,186)		445		(1,089)	1,041
Net income (loss)	4,469		(1,672)		4,095	(3,915)
Reclassification out of Accumulated Other Comprehensive Income | Unrealized gains (losses) on derivatives - cash flow hedges:
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses), before income tax	3		49		3	55
Income tax (expense) benefit	(1)		(11)		(1)	(12)
Net income (loss)	2		38		2	43
Reclassification out of Accumulated Other Comprehensive Income | Unrealized gains (losses) on derivatives - cash flow hedges: | Foreign currency swaps
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net derivative gains (losses)	$ 3		$ 49		$ 3	$ 55

Other Expenses (Other Expenses)

Other Expenses (Other Expenses) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Other Income and Expenses [Abstract]
Compensation	$ 4,771	$ 3,680	$ 9,440	$ 7,190
Contracted services and other labor costs	3,439	2,685	6,036	4,522
Transition services agreements	3,743	2,818	7,527	5,765
Establishment costs	1,360	0	2,841	0
Premium and other taxes, licenses and fees	(653)	742	51	1,785
Volume related costs, excluding compensation, net of DAC capitalization	4,715	4,546	8,714	9,810
Other	2,249	1,710	3,905	2,836
Total other expenses	$ 19,624	$ 16,181	$ 38,514	$ 31,908

Other Revenues and Other Expe_3

Other Revenues and Other Expenses Other Revenues (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Distribution Service [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 3.2	$ 3.4	$ 6.3	$ 6.9

Contingencies, Commitments an_2

Contingencies, Commitments and Guarantees (Commitments and Guarantees - Narrative) (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Liabilities for indemnities, guarantees and commitments	$ 0	$ 0
Mortgage Loan Commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	15,100,000	7,600,000
Commitments to Fund Private Corporate Bond Investments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	$ 2,700,000	$ 11,400,000

Related Party Transactions (Eff

Related Party Transactions (Effects of Affiliated Reinsurance on Statements of Operations) (Details) - Affiliated Entity - Ceded - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Premiums
Reinsurance ceded	$ (10,776)	$ (9,614)	$ (20,986)	$ (17,726)
Universal life and investment-type product policy fees
Reinsurance ceded	(990)	(873)	(1,793)	(1,916)
Other revenues
Reinsurance ceded	(24,998)	(15,490)	(48,506)	(31,426)
Policyholder benefits and claims
Reinsurance ceded	$ (17,745)	$ (21,762)	$ (25,958)	$ (46,494)

Related Party Transactions (E_2

Related Party Transactions (Effects of Affiliated Reinsurance on Balance Sheets) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets:
Premiums, reinsurance and other receivables	$ 628,838	$ 580,480
Liabilities:
Other liabilities	505,893	471,490
Ceded | Affiliated Entity
Assets:
Premiums, reinsurance and other receivables	575,642	534,487
Liabilities:
Other liabilities	$ 423,852	$ 429,656

Related Party Transactions (Rei

Related Party Transactions (Reinsurance Transactions - Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Embedded Derivative, Fair Value of Embedded Derivative Asset	$ 330,407		$ 330,407		$ 298,112
Affiliated Entity | Ceded guaranteed minimum benefits
Embedded Derivative, Fair Value of Embedded Derivative Asset	330,400		330,400		$ 298,100
Net derivatives gains (losses)	$ 34,800	$ (25,600)	$ 31,400	$ (71,400)

Related Party Transactions (Sha

Related Party Transactions (Shared Services and Overhead Allocations - Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party	$ 15,200	$ 10,100	$ 30,300	$ 19,800
Insurance Commissions and Fees	24,143	25,883	47,393	51,869
Costs and Expenses, Related Party		2,200		4,100
All Services and Transactions Except Broker Dealer Activities [Member]
Related Party Transaction, Due from (to) Related Party	(6,600)		(6,600)		$ 622
Affiliated Entity
Insurance Commissions and Fees	$ 2,900	$ 3,100	$ 5,800	$ 6,300

Related Party Transactions (Bro

Related Party Transactions (Broker Dealer Transactions - Narrative) (Details) - Broker Dealer Activities [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Revenue from Related Parties	$ 2,900	$ 3,100	$ 5,800	$ 6,300
Related Party Transaction, Expenses from Transactions with Related Party	17,000	$ 12,200	31,700	$ 25,300
Due from Related Parties	$ 962		$ 962		$ 951