Great West Life & Annuity Insurance 10-K 1 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Feb. 01, 2017	Jun. 30, 2016
Document and Entity Information
Entity Registrant Name	GREAT WEST LIFE & ANNUITY INSURANCE CO
Entity Central Index Key	744,455
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		7,292,708
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost of $21,672,727 and $20,007,462)	$ 22,153,703	$ 20,531,627
Fixed maturities, held-for-trading, at fair value (amortized cost of $519,495 and $612,899)	514,738	615,839
Mortgage loans on real estate (net of valuation allowances of $2,882 and $2,890)	3,558,826	3,247,704
Policy loans	4,019,648	4,092,661
Short-term investments (amortized cost of $303,988 and $267,026)	303,988	267,026
Limited partnership and other corporation interests	34,895	40,980
Other investments	15,052	15,189
Total investments	30,600,850	28,811,026
Other assets:
Cash	18,321	34,362
Reinsurance receivable	598,864	604,946
Deferred acquisition costs (“DAC”) and value of business acquired (“VOBA”)	486,690	414,143
Investment income due and accrued	287,681	283,183
Due from parent and affiliates	81,995	62,596
Goodwill	137,683	137,683
Other intangible assets	20,087	23,819
Other assets	1,021,210	874,918
Assets of discontinued operations	17,652	21,910
Separate account assets	27,037,765	26,631,193
Total assets	60,308,798	57,899,779
Policy benefit liabilities:
Future policy benefits	28,872,899	27,110,981
Policy and contract claims	372,259	354,899
Policyholders’ funds	285,554	299,577
Provision for policyholders’ dividends	49,521	55,481
Undistributed earnings on participating business	15,573	17,024
Total policy benefit liabilities	29,595,806	27,837,962
General liabilities:
Due to parent and affiliates	537,990	540,310
Commercial paper	99,049	93,371
Deferred income tax liabilities, net	191,911	137,116
Other liabilities	816,304	755,651
Liabilities of discontinued operations	17,652	21,910
Separate account liabilities	27,037,765	26,631,193
Total	58,296,477	56,017,513
Commitments and contingencies (See Note 21)
Stockholder’s equity:
Preferred stock, $1 par value, 50,000,000 shares authorized; none issued and outstanding	0	0
Common stock, $1 par value, 50,000,000 shares authorized; 7,292,708 and 7,232,986 shares issued and outstanding	7,293	7,233
Additional paid-in capital	863,031	840,874
Accumulated other comprehensive income	235,875	233,438
Retained earnings	906,122	800,721
Total stockholder’s equity	2,012,321	1,882,266
Total liabilities and stockholder’s equity	$ 60,308,798	$ 57,899,779

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Fixed maturities, available-for-sale, amortized cost (in dollars)	$ 21,672,727	$ 20,007,462
Fixed maturities, held-for-trading, amortized cost (in dollars)	519,495	612,889
Mortgage loans on real estate, allowances (in dollars)	2,882	2,890
Short-term investments, available-for-sale, amortized cost (in dollars)	$ 303,988	$ 267,026
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	7,292,708	7,232,986
Common stock, shares outstanding	7,292,708	7,232,986

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues
Premium income	$ 465,349	$ 445,550	$ 446,395
Fee income	956,817	944,526	729,179
Other revenue	12,261	13,563	7,506
Net investment income	1,276,559	1,254,430	1,228,388
Realized investment gains (losses), net:
Total other-than-temporary losses	(4,963)	(1,044)	(4,334)
Other-than-temporary (gains) losses transferred to other comprehensive income	0	(78)	0
Other realized investment gains (losses), net	97,845	84,832	151,705
Total realized investment gains (losses), net	92,882	83,710	147,371
Total revenues	2,803,868	2,741,779	2,558,839
Benefits and expenses:
Life and other policy benefits	709,333	636,855	643,420
Decrease in future policy benefits	(124,576)	(41,636)	(56,073)
Interest paid or credited to contractholders	608,803	583,319	575,400
Provision for policyholders’ share of losses on participating business	(1,024)	(1,267)	(1,041)
Dividends to policyholders	48,487	57,356	60,739
Total benefits	1,241,023	1,234,627	1,222,445
General insurance expenses	1,181,227	1,078,996	780,991
Amortization of DAC and VOBA	31,309	100,589	44,845
Interest expense	33,705	38,588	37,286
Total benefits and expenses	2,487,264	2,452,800	2,085,567
Total before tax	316,604	288,979	473,272
Income tax expense	85,512	98,524	155,903
Net income	$ 231,092	$ 190,455	$ 317,369

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Comprehensive Income [Abstract]
Net income		$ 231,092	$ 190,455	$ 317,369
Components of other comprehensive income (loss)
Unrealized holding gains (losses), net, arising on available-for-sale fixed maturity investments		20,295	(643,880)	586,458
Unrealized holding gains (losses), net, arising on cash flow hedges		44,776	31,061	20,137
Reclassification adjustment for (gains) losses, net, realized in net income		74,271	52,597	56,159
Net unrealized gains (losses) related to investments		(9,200)	(665,416)	550,436
Future policy benefits, DAC and VOBA adjustments		10,983	65,245	(58,760)
Employee benefit plan adjustment		1,966	31,586	(95,886)
Other, net		12,949	96,831	(154,646)
Other comprehensive income (loss) before income taxes		3,749	(568,585)	395,790
Income tax expense (benefit) related to items of other comprehensive income		1,312	(199,005)	138,526
Net current period other comprehensive income (loss)	[1]	2,437	(369,580)	257,264
Total comprehensive income (loss)		$ 233,529	$ (179,125)	$ 574,633
[1]	Other comprehensive income (loss) includes the non-credit component of impaired losses on fixed maturities available-for-sale, net of future policy benefits, DAC and VOBA adjustments and income taxes, in the amounts of $(6,520), $(6,596), and $177 for the years ended December 31, 2016, 2015, and 2014, respectively.

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Comprehensive Income [Abstract]
Non-credit component of impaired losses on fixed maturities available-for-sale, net of future policy benefits, DAC and VOBA adjustments and income taxes	$ (6,520)	$ (6,596)	$ 177

Consolidated Statements of Stoc

Consolidated Statements of Stockholder's Equity - USD ($) $ in Thousands	Total		Common stock	Additional paid-in capital	Accumulated other comprehensive income (loss)	Retained earnings
Balances at Dec. 31, 2013	$ 1,875,732		$ 7,032	$ 774,115	$ 345,754	$ 748,831
Increase (Decrease) in Stockholder's Equity
Net income	317,369					317,369
Other comprehensive income, net of income taxes	257,264	[1]			257,264
Dividends	(316,401)					(316,401)
Share-based compensation	3,384			3,384
Income tax benefit on share-based compensation	165			165
Balances at Dec. 31, 2014	2,137,513		7,032	777,664	603,018	749,799
Increase (Decrease) in Stockholder's Equity
Net income	190,455					190,455
Other comprehensive income, net of income taxes	(369,580)	[1]			(369,580)
Dividends	(139,533)					(139,533)
Common stock issuance	60,803		201	60,602
Share-based compensation	1,655			1,655
Income tax benefit on share-based compensation	953			953
Balances at Dec. 31, 2015	1,882,266		7,233	840,874	233,438	800,721
Increase (Decrease) in Stockholder's Equity
Net income	231,092					231,092
Other comprehensive income, net of income taxes	2,437	[1]			2,437
Dividends	(125,691)					(125,691)
Common stock issuance	19,750		60	19,690
Share-based compensation	2,190			2,190
Income tax benefit on share-based compensation	277			277
Balances at Dec. 31, 2016	$ 2,012,321		$ 7,293	$ 863,031	$ 235,875	$ 906,122
[1]	Other comprehensive income (loss) includes the non-credit component of impaired losses on fixed maturities available-for-sale, net of future policy benefits, DAC and VOBA adjustments and income taxes, in the amounts of $(6,520), $(6,596), and $177 for the years ended December 31, 2016, 2015, and 2014, respectively.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net income	$ 231,092	$ 190,455	$ 317,369
Adjustments to reconcile net income to net cash provided by operating activities:
Losses allocated to participating policyholders	(1,024)	(1,267)	(1,041)
Amortization of premiums (accretion of discounts) on investments, net	2,209	(12,213)	(42,022)
Net realized (gains) losses on investments	(75,472)	(73,331)	(64,323)
Net proceeds (purchases) of trading securities	107,770	(277,510)	11,478
Interest credited to contractholders	606,790	577,548	571,860
Depreciation and amortization	74,987	139,735	76,461
Deferral of acquisition costs	(93,621)	(64,709)	(110,843)
Deferred income taxes	53,481	21,682	75,044
Contingent consideration	(209)	(17,600)	0
Amortization of low-income housing partnerships	372	4,563	21,713
Other, net	(1,366)	(3,072)	(4,984)
Changes in assets and liabilities:
Policy benefit liabilities	(231,952)	(273,507)	(151,096)
Reinsurance recoverable	10,340	8,738	(18,054)
Investment income due and accrued	(4,392)	(4,385)	(8,951)
Other, net	(23,705)	8,949	(12,273)
Net cash provided by operating activities	655,300	224,076	660,338
Proceeds from sales, maturities, and redemptions of investments:
Fixed maturities, available-for-sale	6,229,209	5,470,124	4,124,159
Mortgage loans on real estate	389,663	594,497	384,306
Limited partnership interests, other corporation interests, and other investments	10,742	6,833	7,555
Purchases of investments:
Fixed maturities, available-for-sale	(7,840,166)	(6,468,699)	(5,174,996)
Mortgage loans on real estate	(694,127)	(448,924)	(609,008)
Limited partnership interests, other corporation interests, and other investments	(5,766)	(1,527)	(2,983)
Net change in short-term investments	(39,677)	(2,238)	22,096
Policy loans, net	5,527	98,143	(11,169)
Acquisition payment	0	0	(28,356)
Purchases of furniture, equipment, and software	(44,644)	(78,778)	(35,537)
Net cash used in investing activities	(1,989,239)	(830,569)	(1,323,933)
Cash flows from financing activities:
Contract deposits	3,546,320	2,527,039	2,709,043
Contract withdrawals	(2,098,286)	(1,782,571)	(1,757,936)
Change in due to/from parent and affiliates	(21,719)	(22,359)	49,337
Dividends paid	(125,691)	(139,533)	(316,401)
Proceeds from issuance of common stock	19,750	60,803	0
Proceeds from financing element derivatives	0	0	5,516
Payments for and interest paid on financing element derivatives, net	(6,744)	(9,383)	(8,392)
Payment of contingent consideration	(14,400)	0	0
Net commercial paper borrowings	5,678	(5,218)	(401)
Change in book overdrafts	12,713	(1,651)	(12,052)
Income tax benefit of stock option exercises	277	953	165
Net cash provided by financing activities	1,317,898	628,080	668,879
Net (decrease) increase in cash	(16,041)	21,587	5,284
Cash, beginning of year	34,362	12,775	7,491
Cash, end of year	18,321	34,362	12,775
Net cash (paid) received during the year for:
Income taxes	(1,543)	(4,093)	46,453
Interest	(31,254)	(37,288)	(37,284)
Non-cash investing and financing transactions during the years:
Share-based compensation expense	(2,190)	(1,655)	(3,384)
Contingent consideration	$ 0	$ 0	$ (32,209)

Organization and Significant Ac

Organization and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Organization and Significant Accounting Policies	Organization and Significant Accounting Policies Organization Great-West Life & Annuity Insurance Company (“GWLA”) and its subsidiaries (collectively, the “Company”) is a direct wholly-owned subsidiary of GWL&A Financial Inc. (“GWL&A Financial”), a holding company formed in 1998. GWL&A Financial is a direct wholly-owned subsidiary of Great-West Lifeco U.S. LLC (“Lifeco U.S.”) and an indirect wholly-owned subsidiary of Great-West Lifeco Inc. (“Lifeco”), a Canadian holding company. The Company offers a wide range of life insurance, retirement, and investment products to individuals, businesses, and other private and public organizations throughout the United States. The Company is an insurance company domiciled in the State of Colorado and is subject to regulation by the Colorado Division of Insurance. Basis of Presentation The consolidated financial statements include the accounts of the Company and the accounts of its subsidiaries over which it exercises control and are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Intercompany transactions and balances have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates are required to account for items and matters such as, but not limited to, the valuation of investments and derivatives in the absence of quoted market values, impairment of investments, accounting for derivative financial instruments, valuation of DAC and VOBA, valuation of policy benefit liabilities, valuation of employee benefits plan obligation, the valuation of deferred tax assets or liabilities, net, and valuation of contingent consideration. Actual results could differ from those estimates. Summary of Significant Accounting Policies Investments Investments are reported as follows: 1. The Company classifies the majority of its fixed maturity investments as available-for-sale which are recorded at fair value with the related net unrealized gain or loss, net of policyholder related amounts, and deferred taxes, recorded in accumulated other comprehensive income (loss) (“AOCI”). Included in fixed maturities are perpetual debt investments which primarily consist of junior subordinated debt instruments that have no stated maturity date but pay fixed or floating interest in perpetuity. Also included in AOCI is net unrealized gain or loss resulting from foreign currency translations of fixed maturity investments denominated in foreign currencies. Premiums and discounts are recognized as a component of net investment income using the effective interest method. Realized gains and losses are included in net realized investment gains (losses), declines in value determined to be other-than-temporary are included in total other-than-temporary losses, and realized gains and losses from foreign currency translations are recorded in net investment income. The Company also classifies certain fixed maturity investments as held-for-trading. Assets in the held-for-trading category are carried at fair value with changes in fair value reported in net investment income. The recognition of income on certain investments (e.g. loan-backed securities, including mortgage-backed and asset-backed securities) is dependent upon market conditions, which may result in prepayments and changes in amounts to be earned. Prepayments on all mortgage-backed and asset-backed securities are monitored monthly, and amortization of the premium and/or the accretion of the discount associated with the purchase of such securities are adjusted by such prepayments. The Company recognizes the acquisition of its public fixed maturity investments on a trade date basis and its private placement investments on a funding date basis. 2. Mortgage loans on real estate consist primarily of domestic commercial collateralized loans and are carried at their unpaid principal balances adjusted for any unamortized premiums or discounts, origination fees, provision allowances, and foreign currency translations. Interest income is accrued on the unpaid principal balance for all loans, except for loans on non-accrual status. Premiums, discounts, and origination fees are amortized to net investment income using the effective interest method. Prepayment penalty fees are recognized in other realized investment gains upon receipt. The Company actively manages its mortgage loan portfolio by completing ongoing comprehensive analysis of factors such as debt service coverage ratios, loan-to-value ratios, payment status, default or legal status, annual collateral property evaluations, and general market conditions. On a quarterly basis, the Company reviews the above primary credit quality indicators in its internal risk assessment of loan impairment and credit loss. Management’s risk assessment process is subjective and includes the categorization of all loans, based on the above mentioned credit quality indicators, into one of the following categories: • Performing - generally indicates the loan has standard market risk and is within its original underwriting guidelines. • Non-performing - generally indicates there is a potential for loss due to the deterioration of financial/monetary default indicators or potential foreclosure. Due to the potential for loss, these loans are evaluated for impairment. The adequacy of the Company’s mortgage provision allowance is reviewed quarterly. The determination of the calculation and the adequacy of the mortgage provision allowance and mortgage impairments involve judgments that incorporate qualitative and quantitative Company and industry mortgage performance data. Management’s periodic evaluation and assessment of the adequacy of the mortgage provision allowance and the need for mortgage impairments is based on known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay, the fair value of the underlying collateral, composition of the loan portfolio, current economic conditions, loss experience, and other relevant factors. Loans included in the non-performing category and other loans with certain substandard credit quality indicators are individually reviewed to determine if a specific impairment is required. Risk is mitigated primarily through first position collateralization, guarantees, loan covenants, and borrower reporting requirements. Since the Company does not originate or hold uncollateralized mortgages, loans are generally not deemed fully uncollectable. Generally, unrecoverable amounts are written off during the final stage of the foreclosure process. Loan balances are considered past due when payment has not been received based on contractually agreed upon terms. The accrual of interest is discontinued when concerns exist regarding the realization of loan principal or interest. The Company resumes interest accrual on loans when a loan returns to current status or under new terms when loans are restructured or modified. On a quarterly basis, any loans with terms that were modified during that period are reviewed to determine if the loan modifications constitute a troubled debt restructuring (“TDR”). In evaluating whether a loan modification constitutes a TDR, it must be determined that the modification is a significant concession and the debtor is experiencing financial difficulties. 3. Limited partnership and other corporation interests are accounted for using either the cost or equity method of accounting. The Company uses the cost method on investments where it has a minor equity interest and no significant influence over the entity’s operations. The Company uses the equity method when it has a partnership interest that is considered more than minor, although the Company has no significant influence over the entity’s operations. Also included in limited partnership interests are limited partnerships established for the purpose of investing in low-income housing that qualify for federal and state tax credits. These interests are carried at amortized cost as determined using the effective yield method. In the normal course of its activities, the Company is involved with other entities that are considered variable interest entities (“VIE”). The Company would be determined to be a primary beneficiary, and thus consolidate the VIE when the Company has both (a) the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance, and (b) the obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. The Company would also consolidate a VIE when it has, directly or indirectly, more than 50% of the outstanding voting shares (or more than 50% of the kick-out rights through voting interests for investments in limited partnerships). When the Company becomes involved with an entity and when the nature of the Company’s involvement with the entity changes, in order to determine if the Company must consolidate the entity, it evaluates: • The structure and purpose of the entity; • The risks and rewards created by and shared through the entity; • The entity’s participants’ ability to direct the activities, receive its benefits, and absorb its losses; and • If the Company has more than 50% of the outstanding voting rights or can unilaterally exercise substantive kick-out rights. The Company performs ongoing qualitative analyses of its involvement with VIEs to determine if consolidation is required. 4. Policy loans are carried at their unpaid balances. Interest income on policy loans is recognized in net investment income at the contract interest rate when earned. Policy loans are fully collateralized by the cash surrender value of the associated insurance policy. 5. Short-term investments include securities purchased with investment intent and with initial maturities of one year or less, and are generally carried at fair value which is approximated from amortized cost. They also include highly liquid money market securities that are traded in an active market and are carried at fair value. 6. The Company participates in a securities lending program in which the Company lends fixed maturity securities that are held as part of its general account investment portfolio to third parties. The Company does not enter into these types of transactions for liquidity purposes, but rather for yield enhancement on its investment portfolio. The borrower can return and the Company can request the loaned securities be returned at any time. The Company maintains ownership of the securities at all times and is entitled to receive from the borrower any payments for interest received on such securities during the loan term. Securities lending transactions are accounted for as secured borrowings. The securities on loan are included within fixed maturities and short-term investments in the accompanying consolidated balance sheets. The securities lending agent indemnifies the Company against borrower risk, meaning that the lending agent agrees contractually to replace securities not returned due to a borrower default. The Company generally requires initial collateral in an amount greater than or equal to 102% of the fair value of domestic securities loaned and 105% of foreign securities loaned. Such collateral is used to replace the securities loaned in event of default by the borrower. Acceptable collateral is generally defined as government securities, letters of credit and/or cash collateral. Some cash collateral may be reinvested in short-term repurchase agreements which are also collateralized by U.S. Government or U.S. Government Agency securities. Reinvested cash collateral is recognized within collateral under securities lending agreements in the accompanying consolidated balance sheets. Non-cash collateral is not recognized as the Company does not have effective control. 7. The Company’s other-than-temporary impairments (“OTTI”) accounting policy requires that a decline in the value of a security below its cost or amortized cost basis be assessed to determine if the decline is other-than-temporary. The assessment of whether an OTTI has occurred on fixed maturity investments, where management does not intend to sell the fixed maturity investment and it is not more likely than not the Company will be required to sell the fixed maturity investment before recovery of its amortized cost basis, is based upon management’s case-by-case evaluation of the underlying reasons for the decline in fair value of each individual security. Management considers a wide range of factors, as described below, regarding the security issuer and uses its best judgment in evaluating the cause of the decline in its estimated fair value and in assessing the prospects for near-term recovery. Considerations used by the Company in the impairment evaluation process include, but are not limited to, the following: • The extent to which estimated fair value is below cost; • Whether the decline in fair value is attributable to specific adverse conditions affecting a particular instrument, its issuer, an industry, or geographic area; • The length of time for which the estimated fair value has been below cost; • Downgrade of a fixed maturity investment by a credit rating agency; • Deterioration of the financial condition of the issuer; • The payment structure of the fixed maturity investment and the likelihood of the issuer being able to make payments in the future; and • Whether dividends have been reduced or eliminated or scheduled interest payments have not been made. If either (a) management has the intent to sell a fixed maturity investment or (b) it is more likely than not the Company will be required to sell a fixed maturity investment before its anticipated recovery, a charge is recorded in net realized investment losses equal to the difference between the fair value and cost or amortized cost basis of the security. If management does not intend to sell the security and it is not more likely than not the Company will be required to sell the fixed maturity investment before recovery of its amortized cost basis, but the present value of the cash flows expected to be collected (discounted at the effective interest rate implicit in the fixed maturity investment prior to impairment) is less than the amortized cost basis of the fixed maturity investment (referred to as the credit loss portion), an OTTI is considered to have occurred. In this instance, total OTTI is bifurcated into two components: the amount related to the credit loss, which is recognized in current period earnings; and the amount attributed to other factors (referred to as the non-credit portion), which is recognized as a separate component in AOCI. The expected cash flows utilized during the impairment evaluation process are determined using judgment and the best information available to the Company including default rates, credit ratings, collateral characteristics, and current levels of subordination. After the recognition of an OTTI, a fixed maturity investment is accounted for as if it had been purchased on the measurement date of the OTTI, with an amortized cost basis equal to the previous amortized cost basis less the OTTI recognized in earnings. The difference between the new amortized cost basis and the future cash flows is accreted into net investment income. The Company continues to estimate the present value of cash flows expected to be collected over the life of the security. Derivative financial instruments The Company enters into derivative transactions which include the use of interest rate swaps, interest rate swaptions, cross-currency swaps, foreign currency forwards, U.S. government treasury futures, Eurodollar futures, futures on equity indices, interest rate swap futures, and other forward contracts. The Company uses these derivative instruments to manage various risks, including interest rate and foreign currency exchange rate risk associated with its invested assets and liabilities. Derivative instruments are not used for speculative reasons. Certain of the Company’s over-the-counter (“OTC”) derivatives are cleared and settled through a central clearing counterparty while others are bilateral contracts between the Company and a counterparty. All derivatives, regardless of hedge accounting treatment, are recorded in other assets and other liabilities at fair value. Although some derivatives are executed under a master netting arrangement, the Company does not offset in the consolidated balance sheets the fair value of those derivative instruments and the related cash collateral or net derivative receivables and payables executed with the same counterparty under the same master netting arrangement. At inception of a derivative transaction, the hedge relationship and risk management objective is documented and the designation of the derivative is determined based on specific criteria of the transaction. Accounting for the ongoing changes in the fair value of a derivative depends on the intended use of the derivative. If the derivative is designated as a cash flow hedge, the effective portions of the changes in the fair value of the derivative are recorded in AOCI and are recognized in the consolidated income statements when the hedged item affects earnings. Changes in fair value resulting from foreign currency translations are recorded in either AOCI or net investment income, consistent with where they are recorded on the underlying hedged asset or liability. If the derivative is designated as a fair value hedge, the changes in its fair value and of the fair value of the hedged item attributable to the hedged risk are recognized in earnings in net investment income. Changes in the fair value, including changes resulting from foreign currency translations, of derivatives not qualifying for hedge accounting or where hedge accounting is not elected and the over effective portion of cash flow hedges are recognized in net investment income in the period of the change. Realized foreign currency transactional gains and losses, regardless of hedge accounting treatment, are recorded in net investment income. Termination of derivative contracts prior to expiration generally result in investment gains and losses. Fluctuations in interest rates, foreign currencies, or equity markets may cause the Company to experience volatility in net income. The Company uses forward settling TBA securities to gain exposure to the investment risk and return of agency mortgage-backed securities (pass-throughs). These transactions are utilized to enhance the return of the Company’s investment portfolio and are accounted for as derivative instruments not qualifying for hedge accounting. The Company purchases agency mortgage-backed TBAs yet does not always take physical delivery of a security but rather may roll the security into the next month. The Company generally takes physical delivery of a security before year end. Changes in fair value on open TBA transactions are recorded in net investment income while realized investment gains or losses are recorded once the Company cash settles or accepts physical delivery of a security. As part of its hedging strategy, the Company may enter into certain derivative transactions where a cash investment is made by one party. Certain derivative instruments that contain a financing element at inception and where the Company is deemed to be the borrower are included in financing activities in the consolidated statements of cash flows. The cash flows from all other derivative transactions are included in operating activities. The Company uses derivative financial instruments for risk management purposes associated with certain invested assets and policy liabilities. Derivatives are used to (a) hedge the economic effects of interest rate and stock market movements on the Company’s guaranteed lifetime withdrawal benefit (“GLWB”) liability, (b) hedge the economic effect of a large increase in interest rates on the Company’s general account life insurance, group pension liabilities, and certain separate account life insurance liabilities, (c) hedge the economic risks of other transactions such as future asset acquisitions or dispositions, the timing of liability pricing, currency risks on non-U.S. dollar denominated assets, and (d) convert floating rate assets or debt obligations to fixed rate assets or debt obligations for asset/liability management purposes. The Company controls the credit risk of its derivative contracts through credit approvals, limits, monitoring procedures, and in many cases, requiring collateral. The Company’s exposure is limited to the portion of the fair value of derivative instruments that exceeds the value of the collateral held and not to the notional or contractual amounts of the derivatives. Derivatives in a net asset position may have cash or securities pledged as collateral to the Company in accordance with the collateral support agreements with the counterparty. This collateral is held in a custodial account for the benefit of the Company. Unrestricted cash collateral is included in other assets and the obligation to return it is included in other liabilities. The cash collateral is reinvested in a government money market fund. Cash collateral pledged by the Company is included in other assets. Fair Value Certain assets and liabilities are recorded at fair value on the Company’s consolidated balance sheets. The Company defines fair value as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The Company categorizes its assets and liabilities measured at fair value on a recurring basis into a three-level hierarchy, based on the priority of the inputs to the respective valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The Company’s assets and liabilities recorded at fair value on a recurring basis have been categorized based upon the following fair value hierarchy: • Level 1 inputs utilize observable, quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Financial assets and liabilities utilizing Level 1 inputs include certain money market funds. • Level 2 inputs utilize other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets and inputs other than quoted prices that are observable for the asset or liability, such as interest rates and yield curves that are observable at commonly quoted intervals. The fair values for some Level 2 securities are obtained from pricing services. The inputs used by the pricing services are reviewed at least quarterly or when the pricing vendor issues updates to its pricing methodology. For fixed maturity securities and separate account assets and liabilities, inputs include benchmark yields, reported trades, broker-dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, evaluated bids, offers, and reference data including market research publications. Additional inputs utilized for assets and liabilities classified as Level 2 are: • Asset-backed, residential mortgage-backed, commercial mortgage-backed securities, and collateralized debt obligations - new issue data, monthly payment information, collateral performance, and third party real estate analysis. • U.S. states and their subdivisions - material event notices. • Short-term investments - valued based on amortized cost due to their short term nature and high credit quality of the issuers. • Derivative instruments - trading activity, swap curves, credit spreads, currency volatility, net present value of cash flows, and news sources. • Separate account assets and liabilities - various index data and news sources, amortized cost (which approximates fair value), trading activity, swap curves, credit spreads, recovery rates, restructuring, net present value of cash flows, and quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. • Level 3 inputs are unobservable and include situations where there is little, if any, market activity for the asset or liability. In general, the prices of Level 3 securities are obtained from single broker quotes and internal pricing models. If the broker’s inputs are largely unobservable, the valuation is classified as a Level 3. Broker quotes are validated through an internal analyst review process, which includes validation through known market conditions and other relevant data, as noted below. Internal models are usually cash flow based utilizing characteristics of the underlying collateral of the security such as default rate and other relevant data. Inputs utilized for securities classified as Level 3 are as follows: • Corporate debt securities - unadjusted single broker quotes which may be in an illiquid market or otherwise deemed unobservable. • Asset-backed securities - internal models utilizing asset-backed securities index spreads. • GLWB - internal models utilizing long-term equity and interest rate implied volatility, mortality, and policyholder behavior assumptions, such as benefit utilization and partial withdrawals. The fair value of certain investments in the separate accounts, limited partnerships, and common collective trusts are estimated using net asset value per unit as a practical expedient and are excluded from the fair value hierarchy tables in Notes 8 and 17. These net asset values are based on the fair value of the underlying investments less liabilities. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. Overall, transfers between levels are attributable to a change in the observability of inputs. Assets and liabilities are transferred to a lower level in the hierarchy when a significant input cannot be corroborated with market observable data. This may occur when market activity decreases 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 to a higher level in the hierarchy 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 including recent trades, a specific event, or one or more significant input(s) becoming observable. All transfers between levels are recognized at the beginning of the reporting period in which the transfer occurred. The policies and procedures utilized to review, account for, and report on the value and level of the Company’s securities were determined and implemented by the Finance division. The Investments division is responsible for the processes related to security purchases and sales and provides valuation and leveling input to the Finance division when necessary. Both divisions within the Company have worked in conjunction to establish thorough pricing, review, approval, accounting, and reporting policies and procedures around the securities valuation process. In some instances, securities are priced using external broker quotes. In most cases, when broker quotes are used as pricing inputs, more than one broker quote is obtained. External broker quotes are reviewed internally by comparing the quotes to similar securities in the public market and/or to vendor pricing, if available. Additionally, external broker quotes are compared to market reported trade activity to ascertain whether the price is reasonable, reflective of the current market prices, and takes into account the characteristics of the Company’s securities. Cash Cash includes only amounts in demand deposit accounts. Book overdrafts occur when checks have been issued by the Company, but have not been presented to the Company’s disbursement bank accounts for payment. These bank accounts allow the Company to delay funding of the issued checks until they are presented for payment. This delay in funding results in a temporary source of financing. The activity related to book overdrafts is included in the financing activities in the consolidated statement of cash flows. The book overdrafts, in the amounts of $12,850 and $137 , are included in other liabilities at December 31, 2016, and 2015 , respectively. Internal use software Purchased software costs, as well as certain internal and external costs incurred to develop internal use computer software during the application development stage, are capitalized and amortized using the straight-line method over the software’s estimated useful life up to five years. Capitalized internal use software development costs, net of accumulated amortization, in the amounts of $98,074 and $93,646 , are included in other assets at December 31, 2016, and 2015 , respectively. The Company capitalized $30,420 , $47,895 , and $31,473 of internal use software development costs during the years ended December 31, 2016, 2015, and 2014 , respectively. DAC and VOBA The Company incurs costs in connection with the acquisition of new and renewal insurance business. Costs that vary directly with and relate to the successful production of new business are deferred as DAC. These costs consist primarily of commissions, costs associated with the Company’s sales representatives, and policy issuance and underwriting expenses related to the production of successfully acquired new business. A success factor is derived from actual contracts issued by the Company from requests for proposals or applications received and applied to the deferrable costs. The recoverability of such costs is dependent upon the future profitability of the related business. Recoverability testing is performed for current issue year products to determine if gross revenues are sufficient to cover DAC and expenses. At least annually, loss recognition testing is performed on aggregated blocks of business to adjust the DAC balance. VOBA represents the estimated fair value of insurance or annuity contracts acquired either directly through the acquisition of another insurance company or through the acquisition of insurance or annuity contracts through assumption reinsurance transactions. DAC and VOBA associated with the annuity products and flexible premium universal life insurance products are being amortized over the life of the contracts in proportion to the emergence of gross profits. Retrospective adjustments of these amounts are made when the Company revises its estimates of current or future gross profits on an annual basis. DAC and VOBA associated with traditional life insurance are amortized over the premium-paying period of the related policies in proportion to premium revenues recognized. DAC and VOBA, for applicable products, are adjusted for the impact of unrealized gains or losses on investments as if these gains or losses had been realized, with corresponding credits or charges included in AOCI. Goodwill and other intangible assets Goodwill is the excess of cost over the fair value of assets acquired and liabilities assumed in connection with an acquisition. It is considered an indefinite lived asset and therefore is not amortized. The Company tests goodwill for impairment annually or more frequently if events or circumstances indicate that there may be justification for conducting an interim test. If the carrying

Acquisition

Acquisition	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Acquisition	Acquisition Putnam Retirement Business Description of transaction On January 1, 2015, the Company acquired the retirement business of Putnam Investments, LLC (“Putnam”), an affiliate of the Company. The transaction was accounted for as a combination between entities under common control. As such, the assets and liabilities acquired from Putnam were recorded at historical cost as of January 1, 2015. In exchange for cash paid in the amount of $4,114 , the Company acquired $11,501 of other assets, assumed $7,717 of other liabilities, and recognized a dividend of $330 . The 2016 and 2015 amounts presented are aligned with the new business structure which includes the Putnam retirement business. The 2014 consolidated statement of income amounts reflect the previous structure which excludes the Putnam retirement business as the amounts were considered immaterial. J.P. Morgan Retirement Plan Services Description of transaction On August 29, 2014, the Company completed the acquisition of all of the voting equity interests in the J.P. Morgan Retirement Plan Services (“RPS”) large-market recordkeeping business for a total purchase price of $59,776 . The Company incurred $2,859 of acquisition costs for the year ended December 31, 2014, which are included in general insurance expenses. This acquisition transformed the Company, together with Putnam, into the second largest provider based on number of participants in the U.S. defined contribution market. Contingent consideration The Company was obligated to make an additional earnout payment up to $50,000 based on the retention of aggregated revenue, as defined in the Purchase and Sale Agreement, 24 months after the close date. As such, an earnout payment of $14,400 was paid in 2016. The Company recorded adjustments to general insurance expense to recognize the liability at its fair value of $209 , $17,600 , and zero for the years ended December 31, 2016, 2015, and 2014, respectively. The contingent consideration liability was zero and $14,609 for the years-ended December 31, 2016, and 2015, respectively. Revenues and earnings of the acquiree RPS contributed revenue and net income (loss), included in the consolidated statements of income, as follows: Year Ended December 31, 2015 2014 Revenue $ 182,759 $ 54,267 Net loss (944 ) (3,416 ) Pro-forma information Supplementary pro-forma revenues and net earnings for the combined entity, as though the acquisition date for this business combination had been as of January 1, 2014 have not been included as it is impracticable since historical records are not available.

Application of Recent Accountin

Application of Recent Accounting Pronouncements	12 Months Ended
	Dec. 31, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Application of Recent Accounting Pronouncements	Application of Recent Accounting Pronouncements Recently adopted accounting pronouncements In February 2015, the FASB issued ASU 2015-02, Amendments to the Consolidation Analysis . The update primarily amends the criteria used to evaluate whether certain VIEs should be consolidated. The update also modifies the criteria used to determine whether partnerships and similar entities are VIEs. The update is effective for interim and annual periods beginning after December 15, 2015, with early adoption permitted, including in the interim periods. The adoption of this ASU did not have a material effect on the Company’s consolidated financial position or results of operations; however, the Company has additional investments that meet the definition of VIE under this update. As such, the guidance was retrospectively applied and the December 31, 2015 carrying value and maximum exposure to loss in relation to the activities of the VIEs disclosed in Note 5 includes an additional $35,776 to conform to the current period presentation. In April 2015, the FASB issued ASU 2015-05, Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement . The update requires the Company to determine if a cloud computing arrangement contains a software license and if so, apply the accounting requirements for other intangible assets. The update also supersedes the requirement to apply lease accounting requirements by analogy for lease classification. If the arrangement is not a software license, then the Company applies accounting requirements for a service requirement. The update is effective for interim and annual periods beginning after December 15, 2015, with early adoption permitted. The adoption of this ASU did not have a material effect on the Company’s consolidated financial position or results of operations. In May 2015, the FASB issued ASU 2015-07, Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) (“ASU 2015-07”). The update required assets being valued using net asset value (“NAV”) as a practical expedient to be excluded from the fair value hierarchy table. The update is effective for interim and annual periods beginning after December 15, 2015. The adoption of this ASU did not have an impact on the Company’s consolidated financial position or results of operations; however, the Company has investments in separate accounts, limited partnerships and common collective trust funds for which fair value is estimated using NAV as a practical expedient. As such, the Company has retroactively applied this guidance as required by the ASU and made the following updates to conform to the current year presentation: • Note 8 - removed $533,961 from the December 31, 2015, Level 2 investments in separate accounts in the fair value hierarchy table. • Note 17 - removed $286 ,000 from the Level 2 investments in common collective trust funds and $7,654 from Level 3 investments in limited partnership investments in the December 31, 2015 fair value hierarchy table and removed the $7,654 from the December 31, 2015, Level 3 fair value rollforward. In May 2015, the FASB issued ASU 2015-09, Financial Services-Insurance: Disclosures about Short-Duration Contracts . The update requires that all years in the claims development table that precede the current reporting period and the related disclosure about the history of claims duration should be presented as required supplementary information. The update also includes a disclosure objective of providing information about claim frequency along with a description of methodologies for determining claim frequency information, unless it is impracticable to do so. The update is effective for annual reporting periods beginning after December 15, 2015, and for interim reporting periods within annual reporting periods beginning after December 15, 2016, with early adoption permitted. The adoption of this ASU did not have a material effect on the Company’s consolidated financial position or results of operations. Future adoption of new accounting pronouncements In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”). The update outlines a comprehensive accounting model for revenue arising from customer contracts and supersedes most current revenue recognition guidance, including industry-specific guidance. While the update does not apply to insurance contracts within the scope of Topic 944, it does apply to fee income earned by the Company which includes fees from assets under management, assets under administration, shareholder servicing, administration and recordkeeping services, and investment advisory services. The core principle of the model requires that an entity recognizes revenue for the transfer of goods or services equal to the amount that it expects to be entitled to receive for those goods or services. The update also requires increased disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts. The FASB has also issued several updates to ASU 2014-09 including ASU 2016-08, Revenue from Contracts with Customers: Principal versus Agent Considerations (improving the operability and understandability of the implementation guidance on principal versus agent considerations), ASU 2016-10, Revenue from Contracts with Customers: Identifying Performance Obligations and Licensing (reducing the cost and complexity of applying the guidance on identifying promised goods or services and to improve the operability and understandability of the licensing implementation guidance), ASU 2016-12 , Revenue from Contracts with Customers: Narrow-Scope Improvements and Practical Expedients (amending the guidance on collectability, non cash consideration, presentation of sales tax, and transition) and ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers (amending the guidance on contract costs, certain disclosure requirements, etc.). In adopting ASU 2014-09, the Company may use either a full retrospective or a modified retrospective approach. The update is effective for public business entities for interim and annual periods beginning after December 15, 2017. Early adoption is permitted as of accounting periods beginning after December 15, 2016. The Company’s evaluation of ASU 2014-09 is ongoing and not complete. The FASB has issued and may issue in the future, interpretative guidance, which may cause the evaluation to change. While the Company anticipates some changes to revenue recognition, it does not currently believe ASU 2014-09 will have a material effect on its consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities. The amendments in this update address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments by requiring equity investments (except those accounted for under the equity method of accounting) to be measured at fair value with changes in fair value recognized in net income, simplify the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment, use of exit price notion when measuring the fair value of financial instruments for disclosure purposes, separate presentation of financial assets and liabilities by measurement category and form of financial assets (i.e. securities or loans and receivables) on the balance sheet or notes to the financial statements, eliminating the requirement to disclose the method and significant assumptions used to estimate fair value of a financial instrument measured at amortized cost on the balance sheet, requiring entities to present separately in other comprehensive income the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk (i.e. “own credit”) when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments, and clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. The update is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The ASU also permits early adoption of the own credit provision. The Company is currently evaluating the impact of this update on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases . This update requires organizations to recognize lease assets and lease liabilities on the balance sheet and also disclose key information about leasing arrangements. This ASU is effective for annual reporting periods beginning on or after December 15, 2018, and interim periods within those annual periods. Earlier application is permitted for all entities as of the beginning of an interim or annual period. The Company is currently evaluating the impact of this update on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-05, Derivative Contract Novations . This update clarifies that a change in the counterparty to a derivative instrument that has been designated as a hedging instrument in an existing hedging relationship would not, in and of itself, be considered a termination of the derivative instrument or a change in critical term of the hedging relationship. The update is effective for fiscal years and interim periods within those beginning after December 15, 2016. The Company does not believe this ASU will have a material impact on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-07, Investments - Equity Method and Joint Ventures . This update simplifies the equity method of accounting by eliminating the requirement to retrospectively apply the equity method to an investment that subsequently qualifies for such accounting as a result of an increase in the level of ownership interest or degree of influence. The update is effective for fiscal years and interim periods within those beginning after December 15, 2016. The Company does not believe this ASU will have a material impact on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Compensation-Stock Compensation: Improvements to Employee Share-Based Payment Account . This update simplifies several aspects of the accounting for employee share-based payment transactions including the accounting for income taxes, forfeitures, statutory tax withholding requirements, and cash flow statements. The update is effective for fiscal years and interim periods within those beginning after December 15, 2016. The Company does not believe this ASU will have a material impact on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13 , Financial Instruments: Credit Losses: Measurement of Credit Losses on Financial Instruments . This update amends guidance on the impairment of financial instruments by adding an impairment model that is based on expected losses rather than incurred losses and is intended to result in more timely recognition of losses. The standard also simplifies the accounting by decreasing the number of credit impairment models that an entity can use to account for debt instruments. The update is effective for fiscal years and interim periods within those beginning after December 15, 2019 and early adoption is permitted for fiscal years beginning after December 15, 2018. The Company is currently evaluating the impact of this update on its consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments (a consensus of the Emerging Issues Task Force) . This update amends the guidance on the classification of certain cash receipts and payments on the statement of cash flows including debt prepayment or debt extinguishment costs, settlement of zero-coupon debt instruments or other debt instruments with interest rates that are insignificant in relation to the effective interest rate of the borrowing, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, proceeds from the settlement of corporate and bank-owned life insurance policies, distributions from equity method investees, beneficial interests in securitized transactions, and separately identifiable cash flows and application of the predominance principle. The update is effective for fiscal years and interim periods within those beginning after December 15, 2017 and early adoption is permitted. The Company is currently evaluating the impact of this update on its consolidated financial statements. In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows: Restricted Cash (a consensus of the Emerging Issues Task Force) . This update requires organizations to show the changes in the total of cash, cash equivalents, restricted cash and restricted cash equivalents in the statement of cash flows. As a result organizations will no longer present transfers between cash and cash equivalents and restricted cash and restricted cash equivalents in the statement of cash flows. The update is effective for fiscal years and interim periods within those beginning after December 15, 2017 and early adoption is permitted. The Company is currently evaluating the impact of this update on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other. The update eliminates Step 2 from the goodwill impairment test and will require management to perform its goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. Any amount by which the carrying amount exceeds the reporting unit’s fair value (not to exceed the goodwill allocated to that reporting unit) is recognized as an impairment charge. The update is effective for annual or any interim goodwill impairment tests after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not expect this update to have a material impact on its consolidated financial statements.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions In the normal course of its business, the Company enters into reinsurance agreements with related parties. Included in the consolidated balance sheets are the following amounts related to reinsurance ceded to and assumed from related parties: December 31, 2016 2015 Reinsurance recoverable $ 522,950 $ 530,213 Future policy benefits 1,608,884 1,724,797 Included in the consolidated statements of income are the following related party amounts: Year Ended December 31, 2016 2015 2014 Premium income, net of related party premiums ceded of $17,774, $15,731, and $13,901 $ 66,928 $ 68,722 $ 71,453 Life and other policy benefits, net of reinsurance recoveries of $8,862, $6,494, and $4,594 189,125 193,215 209,102 Decrease in future policy benefits (88,639 ) (52,842 ) (46,915 ) In the normal course of business the Company enters into agreements with related parties whereby it provides and/or receives recordkeeping services, investment advisory services, and tax-related services, as well as corporate support services which include general and administrative services, information technology services, and marketing services. The following table presents revenue, expenses incurred and expense reimbursement from related parties for services provided and/or received pursuant to these service agreements. These amounts, in accordance with the terms of the contracts, are based upon market price, estimated costs incurred or resources expended as determined by number of policies, number of participants, certificates in-force, administered assets, or other similar drivers. Year Ended December 31, Financial statement line Description Related party 2016 2015 2014 Receives corporate support services CLAC (1) , Great-West Life (1) , Great West Global (3) , and Putnam (2) $ 18,763 $ 12,609 $ 4,053 General insurance expense Provides recordkeeping services CLAC (1) and Putnam (2) 245 377 13,956 Fee income Provides shareholder services Putnam (2) 15,852 5,531 — Fee income Receives reimbursement from tax sharing indemnification related to state and local tax liabilities Putnam (2) 12,261 13,563 7,506 Other revenue Provides advisory, trustee, recordkeeping and administrative services Great-West Funds, Inc. and Collective Income Trusts (4) 140,455 138,936 126,726 Fee income (1) An indirect wholly-owned subsidiary of Lifeco (2) A wholly-owned subsidiary of Lifeco U.S. (3) An indirect wholly-owned subsidiary of Lifeco U.S. (4) Great-West Capital Management, LLC, a subsidiary of the Company, serves as a Registered Investment Advisor to Great-West Funds, Inc., an affiliated open-end management investment company, and to Great-West Trust Company, LLC, an affiliated trust company. Great-West Trust Company, LLC, serves as trustee to several collective investment trusts. The Company provides Great-West Funds, Inc. recordkeeping and administrative services to shareholders and account owners. The following table summarizes amounts due from parent and affiliates: December 31, Related party Indebtedness Due date 2016 2015 GWL&A Financial On account On demand $ 45,190 $ 38,864 Lifeco U.S. On account On demand 34,992 11,783 Other related party receivables On account On demand 1,813 11,949 Total $ 81,995 $ 62,596 The following table summarizes amounts due to parent and affiliates: December 31, Related party Indebtedness Due date 2016 2015 GWL&A Financial (1) Surplus note November 2034 $ 194,502 $ 194,474 GWL&A Financial (2) Surplus note May 2046 333,400 333,400 GWL&A Financial Note interest May 2017 3,190 4,701 Other related party payables On account On demand 6,898 7,735 Total $ 537,990 $ 540,310 (1) A note payable to GWL&A Financial was issued as a surplus note on November 15, 2004 , with a face amount of $195,000 and carrying amounts of $194,502 and $ 194,474 at December 31, 2016, and 2015 , respectively. The surplus note bears interest at the rate of 6.675% per annum, payable in arrears each May and November. The note matures on November 15, 2034 . (2) A note payable to GWL&A Financial was issued as a surplus note on May 19, 2006 , with a face amount and carrying amount of $333,400 . The surplus note bears an interest rate of 2.588% plus the then-current three-month London Interbank Offering Rate (“LIBOR”) . The surplus note became redeemable by the Company at the principal amount plus any accrued and unpaid interest after May 16, 2016 . The note matures on May 16, 2046. Payments of principal and interest under the surplus notes shall be made only out of surplus funds of the Company and only with prior written approval of the Commissioner of Insurance of the State of Colorado when the Commissioner of Insurance is satisfied that the financial condition of the Company warrants such action pursuant to applicable Colorado law. Payments of principal and interest on the surplus notes are payable only if at the time of such payment and after giving effect to the making thereof, the Company’s surplus would not fall below 2.5 times the authorized control level as required by the most recent risk-based capital calculations. Interest expense attributable to these related party debt obligations was $29,185 for the year ended December 31, 2016 and $37,059 for the years ended December 31, 2015 and 2014 . Included in other liabilities on the consolidated balance sheets is $3,190 and $4,701 of interest payable attributable to these related party debt obligations for the years ended December 31, 2016, and 2015 , respectively. The Company’s wholly owned subsidiary Great-West Life & Annuity Insurance Company of South Carolina (“GWSC”) and CLAC are parties to a reinsurance agreement pursuant to which GWSC assumes term life insurance from CLAC. GWL&A Financial obtained two letters of credit for the benefit of the Company as collateral under the GWSC and CLAC reinsurance agreement for policy liabilities and capital support. The first letter of credit is for $1,165,030 and renews annually until it expires on July 3, 2027 . The second letter of credit is for $70,000 and renews annually until it expires on December 31, 2017 . At December 31, 2016, and 2015 there were no outstanding amounts related to the letters of credit. Included within reinsurance recoverable in the consolidated balance sheets are $511,575 and $520,753 of funds withheld assets as of December 31, 2016, and 2015 , respectively. CLAC pays the Company, on a quarterly basis, interest on the funds withheld balance at a rate of 4.55% per annum. The interest income, in the amount of $22,045 , $22,165 , and $21,295 , is included in net investment income for the years ended December 31, 2016, 2015, and 2014 , respectively. The Company’s separate accounts invest in shares of Great-West Funds, Inc. and Putnam Funds, which are affiliates of the Company and shares of other non-affiliated mutual funds and government and corporate bonds. The Company’s separate accounts include mutual funds or other investment options that purchase guaranteed interest annuity contracts issued by the Company. During the years ended December 31, 2016, 2015, and 2014 , these purchases totaled $183,365 , $146,547 , and $132,961 , respectively. As the general account investment contracts are also included in the separate account balances in the accompanying consolidated balance sheets, the Company has reduced the separate account assets and liabilities by $302,898 and $309,108 at December 31, 2016, and 2015 , respectively, to eliminate these amounts in its consolidated balance sheets at those dates.

Summary of Investments

Summary of Investments	12 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Summary of Investments	Summary of Investments The following tables summarize fixed maturity investments classified as available-for-sale and the non-credit-related component of OTTI in AOCI: December 31, 2016 Amortized Gross unrealized Gross unrealized Estimated fair value OTTI (gain) loss Fixed maturities: cost gains losses and carrying value included in AOCI (1) U.S. government direct obligations and U.S. agencies $ 3,022,279 $ 47,791 $ 34,958 $ 3,035,112 $ — Obligations of U.S. states and their subdivisions 1,890,568 214,411 6,317 2,098,662 — Corporate debt securities (2) 13,811,597 477,316 309,164 13,979,749 (1,488 ) Asset-backed securities 1,226,493 104,274 18,388 1,312,379 (72,464 ) Residential mortgage-backed securities 138,292 3,867 1,167 140,992 23 Commercial mortgage-backed securities 1,222,257 23,207 20,182 1,225,282 — Collateralized debt obligations 361,241 339 53 361,527 — Total fixed maturities $ 21,672,727 $ 871,205 $ 390,229 $ 22,153,703 $ (73,929 ) (1) Indicates the amount of any OTTI (gain) loss included in AOCI that is included in gross unrealized gains and losses. OTTI (gain) loss included in AOCI, as presented above, includes both the initial recognition of non-credit losses and the effects of subsequent increases and decreases in estimated fair value for those fixed maturity securities with previous non-credit impairment. The non-credit loss component of OTTI (gain) loss was in an unrealized gain position due to increases in estimated fair value subsequent to initial recognition of non-credit losses on such securities. (2) Includes perpetual debt investments with amortized cost of $135,187 and estimated fair value of $113,239 . December 31, 2015 Amortized Gross unrealized Gross unrealized Estimated fair value OTTI (gain) loss Fixed maturities: cost gains losses and carrying value included in AOCI (1) U.S. government direct obligations and U.S. agencies $ 3,291,167 $ 55,193 $ 4,608 $ 3,341,752 $ — Obligations of U.S. states and their subdivisions 1,988,214 238,862 7,903 2,219,173 50 Foreign government securities 2,291 — 5 2,286 — Corporate debt securities (2) 12,388,886 437,207 320,381 12,505,712 (1,810 ) Asset-backed securities 1,196,326 128,406 13,362 1,311,370 (86,474 ) Residential mortgage-backed securities 122,146 4,734 1,508 125,372 (123 ) Commercial mortgage-backed securities 1,009,320 19,117 11,529 1,016,908 — Collateralized debt obligations 9,112 — 58 9,054 — Total fixed maturities $ 20,007,462 $ 883,519 $ 359,354 $ 20,531,627 $ (88,357 ) (1) Indicates the amount of any OTTI (gain) loss included in AOCI that is included in gross unrealized gains and losses. OTTI (gain) loss included in AOCI, as presented above, includes both the initial recognition of non-credit losses and the effects of subsequent increases and decreases in estimated fair value for those fixed maturity securities with previous non-credit impairment. The non-credit loss component of OTTI (gain) loss was in an unrealized gain position due to increases in estimated fair value subsequent to initial recognition of non-credit losses on such securities. (2) Includes perpetual debt investments with amortized cost of $149,062 and estimated fair value of $116,423 . See Note 8 for additional discussion regarding fair value measurements. The amortized cost and estimated fair value of fixed maturity investments classified as available-for-sale, based on estimated cash flows, are shown in the table below. Actual maturities will likely differ from these projections because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. December 31, 2016 Amortized cost Estimated fair value Maturing in one year or less $ 668,305 $ 690,369 Maturing after one year through five years 3,741,043 3,917,479 Maturing after five years through ten years 6,570,148 6,650,854 Maturing after ten years 5,088,280 5,208,071 Mortgage-backed and asset-backed securities 5,604,951 5,686,930 Total fixed maturities $ 21,672,727 $ 22,153,703 Mortgage-backed (commercial and residential) and asset-backed securities include those issued by the U.S. government and U.S. agencies. The following table summarizes information regarding the sales of securities classified as available-for-sale: Year Ended December 31, 2016 2015 2014 Proceeds from sales $ 4,541,303 $ 4,187,547 $ 2,705,999 Gross realized gains from sales 84,305 47,965 47,852 Gross realized losses from sales 16,858 6,476 1,229 Mortgage loans on real estate - The following table summarizes the carrying value of the mortgage loan portfolio by component: December 31, 2016 December 31, 2015 Principal $ 3,558,863 $ 3,242,627 Unamortized premium (discount) and fees, net 5,541 7,967 Foreign exchange translation (2,696 ) — Mortgage provision allowance (2,882 ) (2,890 ) Total mortgage loans $ 3,558,826 $ 3,247,704 The following table summarizes the recorded investment of the mortgage loan portfolio by risk assessment category as of December 31, 2016 , and 2015 , respectively. December 31, 2016 December 31, 2015 Performing $ 3,560,243 $ 3,249,129 Non-performing 1,465 1,465 Total $ 3,561,708 $ 3,250,594 The following table summarizes activity in the mortgage provision allowance: Year Ended December 31, 2016 2015 2014 Commercial mortgages Commercial mortgages Commercial mortgages Beginning balance $ 2,890 $ 2,890 $ 2,890 Provision increases 536 — — Provision decreases (544 ) — — Ending balance $ 2,882 $ 2,890 $ 2,890 Allowance ending balance by basis of impairment method: Individually evaluated for impairment $ 536 $ — $ — Collectively evaluated for impairment 2,346 2,890 2,890 Recorded investment balance in the mortgage loan portfolio, gross of allowance, by basis of impairment method: $ 3,561,708 $ 3,250,594 $ 3,366,460 Individually evaluated for impairment 1,465 14,031 12,986 Collectively evaluated for impairment 3,560,243 3,236,563 3,353,474 Limited partnership and other corporation interests - At December 31, 2016 , and 2015 , the Company had $34,895 and $40,980 , respectively, invested in limited partnership and other corporation interests. Limited partnership interests represent the Company’s minority ownership interests in pooled investment funds that primarily make private equity investments across diverse industries and geographical focuses. The Company has determined its interest in each limited partnership to be considered a VIE. Consolidation is not required as the Company is not deemed to be the primary beneficiary of the VIEs. The carrying value and maximum exposure to loss in relation to the activities of the VIEs was $32,444 and $38,504 at December 31, 2016 , and 2015 , respectively. Special deposits - The Company had securities on deposit with government authorities as required by certain insurance laws with fair values of $7,659 and $14,000 at December 31, 2016 , and 2015 , respectively. Securities lending - The Company had no securities on loan under the program, and therefore no cash or securities held as collateral, at December 31, 2016 , and 2015 . Unrealized losses on fixed maturity investments classified as available-for-sale - The following tables summarize unrealized investment losses, including the non-credit-related portion of OTTI losses reported in AOCI, by class of investment: December 31, 2016 Less than twelve months Twelve months or longer Total Estimated Unrealized Estimated Unrealized Estimated Unrealized Fixed maturities: fair value loss and OTTI fair value loss and OTTI fair value loss and OTTI U.S. government direct obligations and U.S. agencies $ 2,006,588 $ 34,752 $ 10,526 $ 206 $ 2,017,114 $ 34,958 Obligations of U.S. states and their subdivisions 216,154 5,922 10,498 395 226,652 6,317 Corporate debt securities 4,119,630 170,453 860,153 138,711 4,979,783 309,164 Asset-backed securities 316,065 6,971 230,331 11,417 546,396 18,388 Residential mortgage-backed securities 16,962 102 14,297 1,065 31,259 1,167 Commercial mortgage-backed securities 592,508 17,535 26,068 2,647 618,576 20,182 Collateralized debt obligations 160,612 53 — — 160,612 53 Total fixed maturities $ 7,428,519 $ 235,788 $ 1,151,873 $ 154,441 $ 8,580,392 $ 390,229 Total number of securities in an unrealized loss position 610 128 738 December 31, 2015 Less than twelve months Twelve months or longer Total Estimated Unrealized Estimated Unrealized Estimated Unrealized Fixed maturities: fair value loss and OTTI fair value loss and OTTI fair value loss and OTTI U.S. government direct obligations and U.S. agencies $ 1,357,822 $ 4,101 $ 23,604 $ 507 $ 1,381,426 $ 4,608 Obligations of U.S. states and their subdivisions 267,581 7,903 — — 267,581 7,903 Foreign government securities 2,286 5 — — 2,286 5 Corporate debt securities 4,412,965 202,874 552,791 117,507 4,965,756 320,381 Asset-backed securities 247,082 4,372 182,404 8,990 429,486 13,362 Residential mortgage-backed securities — — 18,625 1,508 18,625 1,508 Commercial mortgage-backed securities 429,175 11,154 44,498 375 473,673 11,529 Collateralized debt obligations 9,054 58 — — 9,054 58 Total fixed maturities $ 6,725,965 $ 230,467 $ 821,922 $ 128,887 $ 7,547,887 $ 359,354 Total number of securities in an unrealized loss position 558 106 664 Fixed maturity investments - Total unrealized losses and OTTI increased by $30,875 , or 9% , from December 31, 2015 , to December 31, 2016 . The overall increase in unrealized losses was across several asset classes and reflects higher interest rates at December 31, 2016 , compared to December 31, 2015 , resulting in generally lower valuations of these fixed maturity securities. Total unrealized losses greater than twelve months increased by $25,554 from December 31, 2015 , to December 31, 2016 . Corporate debt securities account for 90% , or $138,711 , of the unrealized losses and OTTI greater than twelve months at December 31, 2016 . Non-investment grade corporate debt securities account for $13,285 of the unrealized losses and OTTI greater than twelve months, and $6,791 of the losses are on perpetual debt investments issued by investment grade rated banks in the United Kingdom. Management does not have the intent to sell these assets; therefore, an OTTI was not recognized in earnings. Asset-backed securities account for 7% of the unrealized losses and OTTI greater than twelve months at December 31, 2016 . The present value of the cash flows expected to be collected is not less than amortized cost and management does not have the intent to sell these assets; therefore, an OTTI was not recognized in earnings. Other-than-temporary impairment recognition - The OTTI on fixed maturity securities where the loss portion is bifurcated and the credit related component is recognized in realized investment gains (losses) is summarized as follows: Year Ended December 31, 2016 2015 2014 Beginning balance $ 102,343 $ 119,532 $ 167,961 Initial impairments - credit loss on securities not previously impaired — 759 — Reductions: Due to sales, maturities, or payoffs during the period (1,785 ) (559 ) (646 ) Due to increases in cash flows expected to be collected that are recognized over the remaining life of the security (16,893 ) (17,389 ) (47,783 ) Ending balance $ 83,665 $ 102,343 $ 119,532 Net Investment Income The following table summarizes net investment income: Year Ended December 31, 2016 2015 2014 Investment income: Fixed maturity and short-term investments $ 819,047 $ 796,133 $ 816,907 Mortgage loans on real estate 142,478 150,284 149,497 Policy loans 199,737 206,081 207,013 Limited partnership interests 1,759 10,462 9,128 Net interest on funds withheld balances under reinsurance agreements, related party 22,045 22,165 21,295 Derivative instruments (1) 100,007 78,655 39,533 Other 10,468 9,228 5,008 1,295,541 1,273,008 1,248,381 Investment expenses (18,982 ) (18,578 ) (19,993 ) Net investment income $ 1,276,559 $ 1,254,430 $ 1,228,388 (1) Includes gains (losses) on the hedged asset for fair value hedges. Realized Investment Gains (Losses) The following table summarizes realized investment gains (losses): Year Ended December 31, 2016 2015 2014 Realized investment gains (losses): Fixed maturity and short-term investments $ 87,108 $ 46,027 $ 54,219 Derivative instruments (5,318 ) 5,840 90,504 Mortgage loans on real estate 10,972 31,841 6,857 Other 120 2 (4,209 ) Realized investment gains (losses) $ 92,882 $ 83,710 $ 147,371 Included in net investment income and realized investment gains (losses) are amounts allocable to the participating fund account. This allocation is based upon the activity in a specific block of investments that are segmented for the benefit of the participating fund account.

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments Derivative transactions are generally entered into pursuant to International Swaps and Derivatives Association (“ISDA”) Master Agreements or Master Securities Forward Transaction Agreements (“MSFTA”) with approved counterparties that provide for a single net payment to be made by one party to the other on a daily basis, periodic payment dates, or at the due date, expiration, or termination of the agreement. The ISDA Master Agreements contain provisions that would allow the counterparties to require immediate settlement of all derivative instruments in a net liability position if the Company were to default on any debt obligations over a certain threshold. The MSFTA contain provisions which do not stipulate a threshold for default and only apply to debt obligations between the Company and the specific counterparty. The aggregate fair value, inclusive of accrued income and expense, of derivative instruments with credit-risk-related contingent features that were in a net liability position was $38,324 and $76,107 as of December 31, 2016 , and 2015 , respectively. The Company had pledged collateral related to these derivatives of zero and $45,940 as of December 31, 2016 , and 2015 , respectively, in the normal course of business. If the credit-risk-related contingent features were triggered on December 31, 2016 , the fair value of assets that could be required to settle the derivatives in a net liability position was $38,324 . At December 31, 2016 , and 2015 , the Company had pledged zero and $50,924 of unrestricted cash collateral to counterparties in the normal course of business, while other counterparties had pledged $103,214 and $19,060 of unrestricted cash collateral to the Company to satisfy collateral netting agreements, respectively. At December 31, 2016 , the Company estimated $9,581 of net derivative gains related to cash flow hedges included in AOCI will be reclassified into net income within the next twelve months. Gains and losses included in AOCI are reclassified into net income when the hedged item affects earnings. Types of derivative instruments and derivative strategies Interest rate contracts Cash flow hedges Interest rate swap agreements are used to convert the interest rate on certain debt security investments and debt obligations from a floating rate to a fixed rate. Interest rate futures are used to manage the interest rate risks of forecasted acquisitions of fixed rate maturity investments and are primarily structured to hedge interest rate risk inherent in the assumptions used to price certain liabilities. Fair value hedges Interest rate swap agreements are used to convert the interest rate on certain debt securities from a fixed rate to a floating rate to manage the interest rate risk of the change in the fair value of certain fixed rate maturity investments. Not designated as hedging instruments The Company enters into certain transactions in which derivatives are hedging an economic risk but hedge accounting is not elected. These derivative instruments include: exchange-traded interest rate swap futures, over-the-counter (“OTC”) interest rate swaptions, OTC interest rate swaps, exchange-traded Eurodollar interest rate futures, and treasury interest rate futures. Certain of the Company’s OTC derivatives are cleared and settled through a central clearing counterparty while others are bilateral contracts between the Company and a counterparty. The derivative instruments mentioned above are economic hedges and used to manage risk. These transactions are used to offset changes in liabilities including those in variable annuity products, hedge the economic effect of a large increase in interest rates, manage the potential variability in future interest payments due to a change in credited interest rates and the related change in cash flows due to increased surrenders, and manage interest rate risks of forecasted acquisitions of fixed rate maturity investments and forecasted liability pricing. Foreign currency contracts Cross-currency swaps and foreign currency forwards are used to manage the foreign currency exchange rate risk associated with investments denominated in other than U.S. dollars. The Company uses cross-currency swaps to convert interest and principal payments on foreign denominated debt instruments into U.S. dollars. Cross-currency swaps may be designated as cash flow hedges; however, hedge accounting is not always elected. The Company uses foreign currency forwards to reduce the risk of foreign currency exchange rate changes on proceeds received on sales of foreign denominated debt instruments; however, hedge accounting is not elected. Equity contracts The Company uses futures on equity indices to offset changes in guaranteed lifetime withdrawal benefit liabilities; however, hedge accounting is not elected. Other forward contracts The Company uses forward settling to be announced (“TBA”) securities to gain exposure to the investment risk and return of agency mortgage-backed securities (pass-throughs). These transactions enhance the return on the Company’s investment portfolio and provide a more liquid and cost effective method of achieving these goals than purchasing or selling individual agency mortgage-backed pools. As the Company does not regularly accept delivery of such securities, they are accounted for as derivatives but hedge accounting is not elected. The Company had no open TBA contracts at either December 31, 2016, or 2015. The following tables summarize the notional amount and fair value of derivative financial instruments, excluding embedded derivatives: December 31, 2016 Net derivatives Asset derivatives Liability derivatives Notional amount Fair value Fair value (1) Fair value (1) Hedge designation/derivative type: Derivatives designated as hedges: Cash flow hedges: Interest rate swaps $ 419,800 $ 33,390 $ 33,390 $ — Cross-currency swaps 614,208 45,347 53,641 8,294 Total cash flow hedges 1,034,008 78,737 87,031 8,294 Total derivatives designated as hedges 1,034,008 78,737 87,031 8,294 Derivatives not designated as hedges: Interest rate swaps 468,100 (4,358 ) 8,982 13,340 Futures on equity indices 34,422 — — — Interest rate futures 81,500 — — — Interest rate swaptions 165,534 354 354 — Cross-currency swaps 612,733 33,371 50,018 16,647 Total derivatives not designated as hedges 1,362,289 29,367 59,354 29,987 Total derivative financial instruments $ 2,396,297 $ 108,104 $ 146,385 $ 38,281 (1) The estimated fair value excludes accrued income and expense. The estimated fair value of all derivatives in an asset position is reported within other assets and the estimated fair value of all derivatives in a liability position is reported within other liabilities in the consolidated balance sheets. December 31, 2015 Net derivatives Asset derivatives Liability derivatives Notional amount Fair value Fair value (1) Fair value (1) Hedge designation/derivative type: Derivatives designated as hedges: Cash flow hedges: Interest rate swaps $ 143,800 $ 11,843 $ 11,843 $ — Cross-currency swaps 380,873 28,714 28,736 22 Total cash flow hedges 524,673 40,557 40,579 22 Total derivatives designated as hedges 524,673 40,557 40,579 22 Derivatives not designated as hedges: Interest rate swaps 303,600 3,240 8,295 5,055 Futures on equity indices 29,310 — — — Interest rate futures 117,200 — — — Interest rate swaptions 151,204 189 189 — Cross-currency swaps 662,935 (51,759 ) 19,537 71,296 Total derivatives not designated as hedges 1,264,249 (48,330 ) 28,021 76,351 Total derivative financial instruments $ 1,788,922 $ (7,773 ) $ 68,600 $ 76,373 (1) The estimated fair value excludes accrued income and expense. The estimated fair value of all derivatives in an asset position is reported within other assets and the estimated fair value of all derivatives in a liability position is reported within other liabilities in the consolidated balance sheets. Notional amounts are used to express the extent of the Company’s involvement in derivative transactions and represent a standard measurement of the volume of its derivative activity. Notional amounts represent those amounts used to calculate contractual flows to be exchanged and are not paid or received. The average notional outstanding during the year ended December 31, 2016 , was $784,900 , $1,141,967 , $145,658 , $156,632 , and $2,230,167 for interest rate swaps, cross-currency swaps, futures, swaptions, and other forward contracts, respectively. The average notional outstanding during the year ended December 31, 2015 , was $443,589 , $937,242 , $111,801 , $212,299 , and $5,014,845 for interest rate swaps, cross-currency swaps, futures, swaptions, and other forward contracts, respectively. The following tables present the effect of derivative instruments in the consolidated statements of income reported by cash flow hedges, fair value hedges, and economic hedges, excluding embedded derivatives: Gain (loss) recognized in OCI on derivatives (Effective portion) Gain (loss) reclassified from OCI into net income (Effective portion) Year Ended December 31, Year Ended December 31, 2016 2015 2014 2016 2015 2014 Cash flow hedges: Interest rate swaps $ 810 $ 2,228 $ 9,096 $ 5,437 $ 6,779 $ 7,462 (A) Interest rate swaps — — — — 3,634 — (B) Interest rate swaps 21,228 — — (2,657 ) — — (C) Cross-currency swaps 22,738 28,833 11,041 8,469 2,101 1,030 (A) Cross-currency swaps — — — — — (154 ) (B) Interest rate futures — — — — (134 ) 70 (A) Total cash flow hedges $ 44,776 $ 31,061 $ 20,137 $ 11,249 $ 12,380 $ 8,408 (A) Net investment income. (B) Represents realized gains (losses) on closed positions recorded in realized investment gains (losses), net. (C) Interest expense. Gain (loss) on derivatives recognized in net income Gain (loss) on hedged assets recognized in net income Year Ended December 31, Year Ended December 31, 2016 2015 2014 2016 2015 2014 Fair value hedges: Interest rate swaps $ — $ (1,507 ) $ (3,444 ) (A) $ — $ — $ — Interest rate swaps — 773 — (B) — — — Items hedged in interest rate swaps — — — — 1,511 3,439 (A) Items hedged in interest rate swaps — — — — (773 ) — (B) Total fair value hedges $ — $ (734 ) $ (3,444 ) $ — $ 738 $ 3,439 (A) Net investment income. (B) Represents realized gains (losses) on closed positions recorded in realized investment gains (losses), net. Gain (loss) on derivatives recognized in net income Year Ended December 31, 2016 2015 2014 Derivatives not designated as hedging instruments: Futures on equity indices $ 817 (A) $ (284 ) (A) $ (41 ) (A) Futures on equity indices (7,930 ) (B) (527 ) (B) (534 ) (B) Interest rate swaps (4,541 ) (A) (1,094 ) (A) 6,508 (A) Interest rate futures (57 ) (A) (65 ) (A) (51 ) (A) Interest rate futures (164 ) (B) 1 (B) 305 (B) Interest rate swaptions 302 (A) 2,868 (A) 2,424 (A) Interest rate swaptions (313 ) (B) (3,115 ) (B) (3,578 ) (B) Currency forwards 111 (A) — (A) — (A) Other forward contracts 4,690 (B) 5,074 (B) 94,465 (B) Cross-currency swaps 85,746 (A) 69,819 (A) 24,588 (A) Cross-currency swaps (1,601 ) (B) — (B) — (B) Total derivatives not designated as hedging instruments $ 77,060 $ 72,677 $ 124,086 (A) Net investment income. (B) Represents realized gains (losses) on closed positions recorded in realized investment gains (losses), net. Embedded derivative - GLWB The Company offers GLWB through a variable annuity or a contingent deferred annuity. The GLWB is deemed to be an embedded derivative. The GLWB is recorded at fair value within future policy benefits on the consolidated balance sheets. Changes in fair value of GLWB are recorded in net investment income in the consolidated statements of income. The estimated fair value of the GLWB was $5,712 and $11,257 at December 31, 2016, and 2015 , respectively. The changes in fair value of the GLWB were $(5,545) and $11,257 for the years ended December 31, 2016, and 2015 , respectively.

Summary of Offsetting Assets an

Summary of Offsetting Assets and Liabilities	12 Months Ended
	Dec. 31, 2016
Offsetting [Abstract]
Summary of Offsetting Assets and Liabilities	Summary of Offsetting Assets and Liabilities The Company enters into derivative transactions with several approved counterparties. The Company’s derivative transactions are generally governed by MSFTA or ISDA Master Agreements which provide for legally enforceable set-off and close-out netting in the event of default or bankruptcy of the Company’s counterparties. The Company’s MSFTA and ISDA Master Agreements generally include provisions which require both the pledging and accepting of collateral in connection with its derivative transactions. These provisions have the effect of securing each party’s position to the extent of collateral held. The following tables summarize the effect of master netting arrangements on the Company’s financial position in the normal course of business and in the event of default or bankruptcy of the Company’s counterparties: December 31, 2016 Gross fair value not offset in balance sheets Gross fair value of Financial Cash collateral Net Financial instruments: recognized assets/liabilities (1) instruments received/(pledged) fair value Derivative instruments (assets) (2) $ 119,862 $ (26,254 ) $ 92,756 $ 852 Derivative instruments (liabilities) (3) 26,254 (26,254 ) — — December 31, 2015 Gross fair value not offset in balance sheets Gross fair value of Financial Cash collateral Net Financial instruments: recognized assets/liabilities (1) instruments received/(pledged) fair value Derivative instruments (assets) (2) $ 66,435 $ (38,236 ) $ 19,060 $ 9,139 Derivative instruments (liabilities) (3) 76,107 (38,236 ) (37,871 ) — (1) The gross fair value of derivative instruments is not netted against offsetting liabilities for presentation on the consolidated balance sheets. (2) The estimated fair value of derivative instrument assets is reported in other assets in the consolidated balance sheets. Derivative transactions entered into under ISDA master agreements include income and expense accruals. (3) The estimated fair value of derivative instrument liabilities is reported in other liabilities in the consolidated balance sheets. Derivative transactions entered into under ISDA master agreements include income and expense accruals.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Recurring fair value measurements The following tables present the Company’s financial assets and liabilities carried at fair value on a recurring basis by fair value hierarchy category: Assets and liabilities measured at fair value on a recurring basis December 31, 2016 Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Total Assets Fixed maturities available-for-sale: U.S. government direct obligations and U.S. agencies $ — $ 3,035,112 $ — $ 3,035,112 Obligations of U.S. states and their subdivisions — 2,098,662 — 2,098,662 Corporate debt securities — 13,968,110 11,639 13,979,749 Asset-backed securities — 1,312,379 — 1,312,379 Residential mortgage-backed securities — 140,992 — 140,992 Commercial mortgage-backed securities — 1,225,282 — 1,225,282 Collateralized debt obligations — 361,527 — 361,527 Total fixed maturities available-for-sale — 22,142,064 11,639 22,153,703 Fixed maturities held-for-trading: U.S. government direct obligations and U.S. agencies — 458,067 — 458,067 Corporate debt securities — 55,591 — 55,591 Commercial mortgage-backed securities — 1,080 — 1,080 Total fixed maturities held-for-trading — 514,738 — 514,738 Short-term investments 267,851 36,137 — 303,988 Collateral under derivative counterparty collateral agreements 103,214 — — 103,214 Derivative instruments designated as hedges: Interest rate swaps — 33,390 — 33,390 Cross-currency swaps — 53,641 — 53,641 Derivative instruments not designated as hedges: Interest rate swaps — 8,982 — 8,982 Interest rate swaptions — 354 — 354 Cross-currency swaps — 50,018 — 50,018 Total derivative instruments — 146,385 — 146,385 Separate account assets (1) 15,407,992 11,199,924 — 27,037,765 Total assets $ 15,779,057 $ 34,039,248 $ 11,639 $ 50,259,793 Liabilities Collateral under derivative counterparty collateral agreements $ 103,214 $ — $ — $ 103,214 Derivative instruments designated as hedges: Cross-currency swaps — 8,294 — 8,294 Derivative instruments not designated as hedges: Interest rate swaps — 13,340 — 13,340 Cross-currency swaps — 16,647 — 16,647 Total derivative instruments — 38,281 — 38,281 Embedded derivatives - GLWB — — 5,712 5,712 Separate account liabilities (2) 55 336,468 — 336,523 Total liabilities $ 103,269 $ 374,749 $ 5,712 $ 483,730 (1) Included in the total fair value amount are $430 million of investments as of December 31, 2016 for which the fair value is estimated using net asset value per unit as a practical expedient which are excluded from the disclosure requirement to classify amounts in the fair value hierarchy in connection with the adoption of ASU 2015-07. (2) Includes only separate account instruments which are carried at the fair value of the underlying liabilities owned by the separate accounts. Assets and liabilities measured at fair value on a recurring basis December 31, 2015 Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Total Assets Fixed maturities available-for-sale: U.S. government direct obligations and U.S. agencies $ — $ 3,341,752 $ — $ 3,341,752 Obligations of U.S. states and their subdivisions — 2,219,173 — 2,219,173 Foreign government securities — 2,286 — 2,286 Corporate debt securities — 12,501,174 4,538 12,505,712 Asset-backed securities — 1,311,370 — 1,311,370 Residential mortgage-backed securities — 125,372 — 125,372 Commercial mortgage-backed securities — 1,016,908 — 1,016,908 Collateralized debt obligations — 9,054 — 9,054 Total fixed maturities available-for-sale — 20,527,089 4,538 20,531,627 Fixed maturities held-for-trading: U.S. government direct obligations and U.S. agencies — 558,208 — 558,208 Corporate debt securities — 56,566 — 56,566 Commercial mortgage-backed securities — 1,065 — 1,065 Total fixed maturities held-for-trading — 615,839 — 615,839 Short-term investments 132,288 134,738 — 267,026 Collateral under derivative counterparty collateral agreements 69,984 — — 69,984 Derivative instruments designated as hedges: Interest rate swaps — 11,843 — 11,843 Cross-currency swaps — 28,736 — 28,736 Derivative instruments not designated as hedges: Interest rate swaps — 8,295 — 8,295 Interest rate swaptions — 189 — 189 Cross-currency swaps — 19,537 — 19,537 Total derivative instruments — 68,600 — 68,600 Separate account assets (1) 15,249,966 10,847,266 — 26,631,193 Total assets $ 15,452,238 $ 32,193,532 $ 4,538 $ 48,184,269 Liabilities Collateral under derivative counterparty collateral agreements 19,060 — — 19,060 Derivative instruments designated as hedges: Cross-currency swaps — 22 — 22 Derivative instruments not designated as hedges: Interest rate swaps — 5,055 — 5,055 Cross-currency swaps — 71,296 — 71,296 Total derivative instruments — 76,373 — 76,373 Embedded derivatives - GLWB — — 11,257 11,257 Separate account liabilities (2) 24 290,293 — 290,317 Total liabilities $ 19,084 $ 366,666 $ 11,257 $ 397,007 (1) Included in the total fair value amount are $534 million of investments as of December 31, 2015 for which the fair value is estimated using net asset value per unit as a practical expedient which are excluded from the disclosure requirement to classify amounts in the fair value hierarchy in connection with the adoption of ASU 2015-07. (2) Includes only separate account instruments which are carried at the fair value of the underlying liabilities owned by the separate accounts. The methods and assumptions used to estimate the fair value of the Company’s financial assets and liabilities carried at fair value on a recurring basis are as follows: Fixed maturity investments The fair values for fixed maturity investments are generally based upon evaluated prices from independent pricing services. In cases where these prices are not readily available, fair values are estimated by the Company. To determine estimated fair value for these instruments, the Company generally utilizes discounted cash flow models with market observable pricing inputs such as spreads, average life, and credit quality. Fair value estimates are made at a specific point in time, based on available market information and judgments about financial instruments, including estimates of the timing and amounts of expected future cash flows and the credit standing of the issuer or counterparty. Short-term investments The amortized cost of short-term investments is a reasonable estimate of fair value due to their short-term nature and high credit quality of the issuers. Derivative counterparty collateral agreements Included in other assets is cash collateral received from or pledged to derivative counterparties and included in other liabilities is the obligation to return the cash collateral to the counterparties. The carrying value of the collateral is a reasonable estimate of fair value. Derivative instruments Included in other assets and other liabilities are derivative financial instruments. The estimated fair values of OTC derivatives, primarily consisting of cross-currency swaps, interest rate swaps, and interest rate swaptions, are the estimated amounts the Company would receive or pay to terminate the agreements at the end of each reporting period, taking into consideration current interest rates and other relevant factors. Embedded derivatives - GLWB Significant unobservable inputs are used in the fair value measurements of GLWB include long-term equity and interest rate implied volatility, mortality, and policyholder behavior assumptions, such as benefit utilization and partial withdrawals. Separate account assets and liabilities Separate account assets and liabilities primarily include investments in mutual fund, fixed maturity, and short-term securities. Mutual funds are recorded at net asset value, which approximates fair value, on a daily basis. The fixed maturity and short-term investments are valued in the same manner, and using the same pricing sources and inputs as the fixed maturity and short-term investments of the Company. The following tables present additional information about assets and liabilities measured at fair value on a recurring basis and for which the Company has utilized Level 3 inputs to determine fair value: Recurring Level 3 financial assets and liabilities Year Ended December 31, 2016 Assets Liabilities Fixed maturities available-for-sale Corporate debt securities Embedded derivatives - GLWB Balances, January 1, 2016 $ 4,538 $ 11,257 Realized and unrealized gains (losses) included in: Net Income — (5,545 ) Other comprehensive income (loss) 273 — Settlements (1,478 ) — Transfers into Level 3 (1) 11,236 — Transfers out of Level 3 (2) (2,930 ) $ — Balances, December 31, 2016 $ 11,639 $ 5,712 Total gains (losses) for the period included in net income attributable to the change in unrealized gains and losses relating to assets held at December 31, 2016 $ — $ (5,545 ) (1) Transfers into Level 3 are due primarily to decreased observability of inputs in valuation methodologies. (2) Transfers out of Level 3 are due primarily to increased observability of inputs in valuation methodologies as evidenced by corroboration of market prices with multiple pricing vendors and internal models. Recurring Level 3 financial assets and liabilities Year Ended December 31, 2015 Assets Liabilities Fixed maturities available-for-sale Embedded derivatives - GLWB Corporate debt securities Asset-backed securities Total Balances, January 1, 2015 $ 5,842 $ 36 $ 5,878 $ — Realized and unrealized gains (losses) included in: Net Income — — — 11,257 Other comprehensive income (loss) (178 ) — (178 ) — Settlements (1,126 ) — (1,126 ) — Transfers out of Level 3 (1) — (36 ) (36 ) $ — Balances, December 31, 2015 $ 4,538 $ — $ 4,538 $ 11,257 Total gains (losses) for the period included in net income attributable to the change in unrealized gains and losses relating to assets held at December 31, 2015 $ — $ — $ — $ 11,257 (1) Transfers out of Level 3 are due primarily to increased observability of inputs in valuation methodologies as evidenced by corroboration of market prices with multiple pricing vendors and internal models. Recurring Level 3 financial assets and liabilities Year Ended December 31, 2014 Fixed maturities available-for-sale Corporate Asset-backed Collateralized debt securities securities debt obligations Total January 1, 2014 $ 6,652 $ 252,958 $ 32 $ 259,642 Realized and unrealized gains (losses) included in: Net Income — — (17 ) (17 ) Other Comprehensive income (loss) (178 ) — (15 ) (193 ) Settlements (632 ) (19 ) — (651 ) Transfers out of Level 3 (1) — (252,903 ) — (252,903 ) Balances, December 31, 2014 $ 5,842 $ 36 $ — $ 5,878 Total gains (losses) for the period included in net income attributable to the change in unrealized gains and losses relating to assets held at December 31, 2014 $ — $ — $ — $ — (1) Transfers out of Level 3 are due primarily to increased observability of inputs in valuation methodologies as evidenced by corroboration of market prices with multiple pricing vendors and internal models. The following table presents significant unobservable inputs used during the valuation of certain assets categorized within Level 3 of the recurring fair value measurements table: Valuation Technique Unobservable Input Range December 31, 2016 December 31, 2015 Embedded derivatives - GLWB Risk neutral stochastic valuation methodology Equity volatility 15% - 30% 15% - 28% Swap curve 0.75% - 3.00% 0.75% - 3.00% Mortality rate Based on the Annuity 2000 Mortality Table Based on the Annuity 2000 Mortality Table Lapse rate 1% - 15% 1% - 15% Generally, the following will cause an increase (decrease) in GLWB embedded derivative fair value liabilities: • An increase (decrease) in equity volatility; • A decrease (increase) in interest rates; • A decrease (increase) in mortality; • A decrease (increase) in lapses. The Company notes the following interrelationships: • Low equity returns will potentially result in higher in-the-moneyness. This may result in lower lapses increasing the projected number of inforce policies and may also increase the fair value of the GLWB reserve. Fair value of financial instruments The following tables summarize the carrying amounts and estimated fair values of the Company’s financial instruments and investments not carried at fair value on a recurring basis: December 31, 2016 December 31, 2015 Carrying Estimated Carrying Estimated amount fair value amount fair value Assets Mortgage loans on real estate $ 3,558,826 $ 3,574,240 $ 3,247,704 $ 3,362,496 Policy loans 4,019,648 4,019,648 4,092,661 4,092,661 Limited partnership interests 29,345 29,822 35,039 34,882 Other investments 14,382 44,687 14,596 44,723 Liabilities Annuity contract benefits without life contingencies $ 12,291,378 $ 12,129,631 $ 11,104,721 $ 10,839,205 Policyholders’ funds 285,554 285,554 299,577 299,577 Commercial paper 99,049 99,049 93,371 93,371 Notes payable 531,092 495,004 532,575 563,633 The methods and assumptions used to estimate the fair value of financial instruments not carried at fair value on a recurring basis are summarized as follows: Mortgage loans on real estate Mortgage loan fair value estimates are generally based on discounted cash flows. A discount rate matrix is used where the discount rate valuing a specific mortgage generally corresponds to that mortgage’s remaining term and credit quality. Management believes the discount rate used is comparable to the credit, interest rate, term, servicing costs, and risks of loans similar to the portfolio loans that the Company would make today given its internal pricing strategy. The estimated fair value is classified as Level 2. Policy loans Policy loans are funds provided to policyholders in return for a claim on the policy. The funds provided are limited to the cash surrender value of the underlying policy. The nature of policy loans is to have a negligible default risk as the loans are fully collateralized by the value of the policy. Policy loans do not have a stated maturity, and the balances and accrued interest are repaid either by the policyholder or with proceeds from the policy. Due to the collateralized nature of policy loans and unpredictable timing of repayments, the Company believes the fair value of policy loans approximates their carrying value. The estimated fair value is classified as Level 2. Limited partnership interests Limited partnership interests, accounted for using the cost method, represent the Company’s minority ownership interests in pooled investment funds. These funds employ varying investment strategies that primarily make private equity investments across diverse industries and geographical focuses. The estimated fair value is determined using the partnership financial statement reported capital account or net asset value adjusted for other relevant information which may impact the exit value of the investments. Distributions by these investments are generated from investment gains, from operating income generated by the underlying investments of the funds, and from liquidation of the underlying assets of the funds which are estimated to be liquidated over the next one to 10 years . The estimated fair value is classified as Level 3. Other investments Other investments primarily include real estate held for investment. The estimated fair value for real estate is based on the unadjusted appraised value which includes factors such as comparable property sales, property income analysis, and capitalization rates. The estimated fair value is classified as Level 3. Annuity contract benefits without life contingencies The estimated fair value of annuity contract benefits without life contingencies is estimated by discounting the projected expected cash flows to the maturity of the contracts utilizing risk-free spot interest rates plus a provision for the Company’s credit risk. The estimated fair value is classified as Level 2. Policyholders’ funds The carrying amount of policyholders’ funds approximates the fair value since the Company can change the interest credited rates with 30 days notice. The estimated fair value is classified as Level 2. Commercial paper The amortized cost of commercial paper is a reasonable estimate of fair value due to its short-term nature and the high credit quality of the obligor. The estimated fair value is classified as Level 2. Notes payable Notes payable is recorded in due to parent and affiliates in the consolidated balance sheets. The estimated fair value of the notes payable to GWL&A Financial is based upon quoted market prices from independent pricing services of securities with characteristics similar to those of the notes payable. The estimated fair value is classified as Level 2.

Minimum Guarantees

Minimum Guarantees	12 Months Ended
	Dec. 31, 2016
Insurance [Abstract]
Minimum Guarantees	Minimum Guarantees The Company calculates additional liabilities for GMDB and GLWB. The following assumptions and methodology were used to determine GMDB additional reserves at December 31, 2016, and 2015 . Area Assumptions/Basis for Assumptions Data Used Based on 1,050 investment performance scenarios Mean Investment Performance Equity: 7% - 13% Volatility Equity: 10% - 35% Fixed, Bond, Money Market Fund: 0% - 9% Mortality Based on the 1994 VA MGDB Mortality Table Lapse Rates Lapse Rates vary by duration and surrender charge Discount Rates 5% The assumptions and techniques for valuing the GLWB reserve is disclosed within Note 8 and are identical to those used for valuing the GLWB embedded derivative. The separate account liabilities subject to the requirements for additional liabilities for GMDB and GLWB, net amount at risk, net of reinsurance, and the weighted average attained age of contract owners for GMDB and GLWB at December 31, 2016, and 2015 , were as follows: GMDB GLWB Total December 31, 2016 Separate account liability $ 55,607 $ 413,569 $ 469,176 Net amount at risk, net of reinsurance $ 25,891 $ 2,941 $ 28,832 Weighted average attained age 71 58 N/A December 31, 2015 Separate account liability $ 55,999 $ 210,240 $ 266,239 Net amount at risk, net of reinsurance $ 29,050 $ 7,582 $ 36,632 Weighted average attained age 70 57 N/A The paid and incurred amounts for GMDB and GLWB for the years ended December 31, 2016, 2015, and 2014 were as follows: GMDB GLWB Total Additional liability balance: Balances, January 1, 2014 $ 5,993 $ — $ 5,993 Incurred guaranteed benefits 305 — 305 Paid guaranteed benefits (732 ) — (732 ) Balances, December 31, 2014 5,566 — 5,566 Incurred guaranteed benefits 821 4,813 5,634 Paid guaranteed benefits (920 ) — (920 ) Balances, December 31, 2015 5,467 4,813 10,280 Incurred guaranteed benefits 132 (2,740 ) (2,608 ) Paid guaranteed benefits (503 ) — (503 ) Balances, December 31, 2016 $ 5,096 $ 2,073 $ 7,169 The aggregate fair value of equity securities supporting separate accounts with GMDB and GLWB were as follows: December 31, 2016 December 31, 2015 Equity securities - GMDB $ 55,605 $ 55,997 Equity securities - GLWB 412,977 209,828 Total $ 468,582 $ 265,825

Reinsurance

Reinsurance	12 Months Ended
	Dec. 31, 2016
Insurance [Abstract]
Reinsurance	Reinsurance In the normal course of its business, the Company seeks to limit its exposure to loss on any single insured and to recover a portion of benefits paid by ceding risks to other insurance enterprises under excess coverage, quota share, yearly renewable term, coinsurance, and modified coinsurance contracts. The Company retains an initial maximum of $3,500 of coverage per individual life. This initial retention limit of $3,500 may increase due to automatic policy increases in coverage at a maximum rate of $175 per annum, with an overall maximum increase in coverage of $1,000 . Ceded reinsurance contracts do not relieve the Company from its obligations to policyholders. The failure of reinsurers to honor their obligations could result in losses to the Company. The Company evaluates the financial condition of its reinsurers and monitors concentrations of credit risk arising from similar geographic regions, activities or economic characteristics of the reinsurers to minimize its exposure to significant losses from reinsurer insolvencies. At December 31, 2016, and 2015 , the reinsurance recoverables had carrying values in the amounts of $598,864 and $604,946 , respectively. Included in these amounts are $522,950 and $530,213 at December 31, 2016, and 2015 , respectively, associated with reinsurance agreements with related parties. At December 31, 2016, and 2015 , 87% and 88% , respectively, of the total reinsurance receivable was due from CLAC, a related party. The Company assumes risk from approximately 40 insurers and reinsurers by participating in yearly renewable term and coinsurance pool agreements. When assuming risk, the Company seeks to generate revenue while maintaining reciprocal working relationships with these partners as they also seek to limit their exposure to loss on any single life. Maximum capacity to be retained by the Company is dictated at the treaty level and is monitored annually to ensure the total risk retained on any one life is limited to a maximum retention of $4,500 . The following tables summarize life insurance in-force and total premium income at and for the year ended December 31, 2016 : Life insurance in-force Individual Group Total Written and earned direct $ 54,618,888 $ 41,809,635 $ 96,428,523 Reinsurance ceded (10,568,467 ) (833,090 ) (11,401,557 ) Reinsurance assumed 56,165,011 — 56,165,011 Net $ 100,215,432 $ 40,976,545 $ 141,191,977 Percentage of amount assumed to net 56 % — % 40 % Premium income Life insurance Annuities Total Written and earned direct $ 392,654 $ 1,998 $ 394,652 Reinsurance ceded (52,397 ) (81 ) (52,478 ) Reinsurance assumed 123,175 — 123,175 Net $ 463,432 $ 1,917 $ 465,349 The following tables summarizes life insurance in-force and total premium income at and for the year ended December 31, 2015 : Life insurance in-force Individual Group Total Written and earned direct $ 53,403,194 $ 41,855,857 $ 95,259,051 Reinsurance ceded (10,169,625 ) (393,512 ) (10,563,137 ) Reinsurance assumed 58,742,234 — 58,742,234 Net $ 101,975,803 $ 41,462,345 $ 143,438,148 Percentage of amount assumed to net 58 % — % 41 % Premium income Life insurance Annuities Total Written and earned direct $ 368,442 $ 503 $ 368,945 Reinsurance ceded (48,107 ) (86 ) (48,193 ) Reinsurance assumed 124,798 — 124,798 Net $ 445,133 $ 417 $ 445,550 The following table summarizes total premium income for the year ended December 31, 2014 : Premium income Life insurance Annuities Total Written and earned direct $ 360,959 $ 1,255 $ 362,214 Reinsurance ceded (45,925 ) (95 ) (46,020 ) Reinsurance assumed 130,201 — 130,201 Net $ 445,235 $ 1,160 $ 446,395 Reinsurance recoveries for life and other policy benefits were $39,520 , $23,179 , and $23,965 for the years ended December 31, 2016, 2015, and 2014 , respectively.

Deferred Acquisition Costs and

Deferred Acquisition Costs and Value of Business Acquired	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Deferred Acquisition Costs and Value of Business Acquired	Deferred Acquisition Costs and Value of Business Acquired The following table summarizes activity in DAC and VOBA: DAC VOBA Total Balances, January 1, 2014 $ 314,071 $ 29,217 $ 343,288 Capitalized additions 110,315 — 110,315 Amortization and writedowns (41,045 ) (3,801 ) (44,846 ) Unrealized investment (gains) losses (29,933 ) (130 ) (30,063 ) Balances, December 31, 2014 353,408 25,286 378,694 Capitalized additions 63,093 — 63,093 Amortization and writedowns (96,095 ) (4,493 ) (100,588 ) Unrealized investment (gains) losses 73,012 (68 ) 72,944 Balances, December 31, 2015 393,418 20,725 414,143 Capitalized additions 93,222 — 93,222 Amortization and writedowns (29,317 ) (1,992 ) (31,309 ) Unrealized investment (gains) losses 10,522 112 10,634 Balances, December 31, 2016 $ 467,845 $ 18,845 $ 486,690 The estimated future amortization of VOBA for the years ended December 31, 2017 , through December 31, 2021 , is approximately $3,200 per annum.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The balance of goodwill, all of which is within the Empower Retirement segment, at December 31, 2016, and 2015 was $137,683 . The following tables summarize other intangible assets, all of which are within the Empower Retirement segment: December 31, 2016 Gross carrying Accumulated amount amortization Net book value Customer relationships $ 47,580 $ (27,517 ) $ 20,063 Non-competition 1,325 (1,301 ) 24 Total $ 48,905 $ (28,818 ) $ 20,087 December 31, 2015 Gross carrying Accumulated amount amortization Net book value Customer relationships $ 47,580 $ (24,251 ) $ 23,329 Non-competition 1,325 (835 ) 490 Total $ 48,905 $ (25,086 ) $ 23,819 Amortization expense for other intangible assets included in general insurance expenses was $3,732 , $4,096 , and $3,531 for the years ended December 31, 2016, 2015, and 2014 , respectively. Except for goodwill, the Company has no intangible assets with indefinite lives. The estimated future amortization of other intangible assets using current assumptions, which are subject to change, for the years ended December 31, 2017 , through December 31, 2021 , is approximately $2,200 per annum.

Commercial Paper

Commercial Paper	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Commercial Paper	Commercial Paper The Company maintains a commercial paper program that is partially supported by a $50,000 corporate credit facility. The following table provides information regarding the Company’s commercial paper program: December 31, 2016 2015 Face value $ 99,049 $ 93,371 Carrying value $ 99,049 $ 93,371 Effective interest rate 0.7%-0.8% 0.5%-0.6% Maturity range (days) 10 - 30 8 - 28

Stockholder's Equity and Divide

Stockholder's Equity and Dividend Restrictions	12 Months Ended
	Dec. 31, 2016
Stockholders' Equity Note [Abstract]
Stockholder's Equity and Dividend Restrictions	Stockholder’s Equity and Dividend Restrictions At December 31, 2016, and 2015 , the Company had 50,000,000 shares of $1 par value preferred stock authorized, none of which was issued or outstanding at either date. In addition, the Company has 50,000,000 shares of $1 par value common stock authorized, 7,292,708 and 7,232,986 of which were issued and outstanding at December 31, 2016, and 2015 , respectively. The Company’s net income and capital and surplus, as determined in accordance with statutory accounting principles and practices as prescribed by the National Association of Insurance Commissioners (“NAIC”), is as follows: Year Ended December 31, December 31, 2016 2015 2014 2016 2015 Net income $ 100,657 $ 187,232 $ 134,091 Capital and surplus $ 1,053,333 $ 1,114,764 Regulatory compliance is determined by a ratio of a company’s total adjusted capital (“TAC”) to its authorized control level risk-based capital (“ACL”), as determined in accordance with statutory accounting principles and practices as prescribed by the NAIC. Companies below specific trigger points or ratios are classified within certain levels, each of which requires specified corrective action. The minimum level of TAC before corrective action commences is 200% of ACL. The Company’s risk-based capital ratio was in excess of the required amount as of December 31, 2016 . Dividends are paid as determined by the Board of Directors, subject to restrictions as discussed below. During the years ended December 31, 2016, 2015, and 2014 , the Company paid dividends in the amounts of $125,691 , $139,533 , and $316,401 , respectively, to its parent company, GWL&A Financial. As an insurance company domiciled in the State of Colorado, the Company is required to maintain a minimum of $2,000 of capital and surplus. In addition, the maximum amount of dividends which can be paid to stockholders by insurance companies domiciled in the State of Colorado, without prior approval of the Insurance Commissioner, is subject to restrictions relating to statutory capital and surplus and statutory net gain from operations. As filed with the Colorado Division of Insurance, the statutory capital and surplus and net gain from operations at and for the year ended December 31, 2016 , were $1,053,333 and $101,753 , respectively. Based on the as filed amounts, the Company may pay an amount up to $101,753 of dividends during the year ended December 31, 2017 , without the prior approval of the Colorado Insurance Commissioner. Prior to any payments of dividends, the Company seeks approval from the Colorado Insurance Commissioner.

Other Comprehensive Income

Other Comprehensive Income	12 Months Ended
	Dec. 31, 2016
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Other Comprehensive Income	Other Comprehensive Income The following tables present the accumulated balances for each classification of other comprehensive income (loss): Year Ended December 31, 2016 Unrealized holding gains / losses arising on Unrealized holding gains / losses arising on cash flow hedges Future policy benefits, DAC and VOBA adjustments Employee benefit plan adjustment Total Balances, January 1, 2016 $ 339,520 $ 45,284 $ (65,785 ) $ (85,581 ) $ 233,438 Other comprehensive income (loss) before reclassifications 13,192 29,104 7,139 (4,755 ) 44,680 Amounts reclassified from AOCI (40,964 ) (7,312 ) — 6,033 (42,243 ) Net current period other comprehensive income (loss) (27,772 ) 21,792 7,139 1,278 2,437 Balances, December 31, 2016 $ 311,748 $ 67,076 $ (58,646 ) $ (84,303 ) $ 235,875 Year Ended December 31, 2015 Unrealized holding gains / losses arising on Unrealized holding gains / losses arising on cash flow hedges Future policy benefits, DAC and VOBA adjustments Employee benefit plan adjustment Total Balances, January 1, 2015 $ 784,183 $ 33,141 $ (108,194 ) $ (106,112 ) $ 603,018 Other comprehensive income (loss) before reclassifications (418,522 ) 20,190 42,409 12,825 (343,098 ) Amounts reclassified from AOCI (26,141 ) (8,047 ) — 7,706 (26,482 ) Net current period other comprehensive income (loss) (444,663 ) 12,143 42,409 20,531 (369,580 ) Balances, December 31, 2015 $ 339,520 $ 45,284 $ (65,785 ) $ (85,581 ) $ 233,438 Year Ended December 31, 2014 Unrealized holding gains / losses arising on Unrealized holding gains / losses arising on cash flow hedges Future policy benefits, DAC and VOBA adjustments Employee benefit plan adjustment Total Balances, January 1, 2014 $ 434,023 $ 25,517 $ (70,000 ) $ (43,786 ) $ 345,754 Other comprehensive income (loss) before reclassifications 381,198 13,089 (38,194 ) (67,380 ) 288,713 Amounts reclassified from AOCI (31,038 ) (5,465 ) — 5,054 (31,449 ) Net current period other comprehensive income (loss) 350,160 7,624 (38,194 ) (62,326 ) 257,264 Balances, December 31, 2014 $ 784,183 $ 33,141 $ (108,194 ) $ (106,112 ) $ 603,018 The following tables present the composition of other comprehensive income (loss): Year Ended December 31, 2016 Before-tax Tax (expense) Net-of-tax amount benefit amount Unrealized holding gains (losses), net, arising on fixed maturities, available-for-sale $ 20,295 $ (7,103 ) $ 13,192 Unrealized holding gains (losses), net, arising on cash flow hedges 44,776 (15,672 ) 29,104 Reclassification adjustment for (gains) losses, net, realized in net income (74,271 ) 25,995 (48,276 ) Net unrealized gains (losses) related to investments (9,200 ) 3,220 (5,980 ) Future policy benefits, DAC and VOBA adjustments 10,983 (3,844 ) 7,139 Net unrealized gains (losses) 1,783 (624 ) 1,159 Employee benefit plan adjustment 1,966 (688 ) 1,278 Other comprehensive income (loss) $ 3,749 $ (1,312 ) $ 2,437 Year Ended December 31, 2015 Before-tax Tax (expense) Net-of-tax amount benefit amount Unrealized holding gains (losses), net, arising on fixed maturities, available-for-sale $ (643,880 ) $ 225,358 $ (418,522 ) Unrealized holding gains (losses), net, arising on cash flow hedges 31,061 (10,871 ) 20,190 Reclassification adjustment for (gains) losses, net, realized in net income (52,597 ) 18,409 (34,188 ) Net unrealized gains (losses) related to investments (665,416 ) 232,896 (432,520 ) Future policy benefits, DAC and VOBA adjustments 65,245 (22,836 ) 42,409 Net unrealized gains (losses) (600,171 ) 210,060 (390,111 ) Employee benefit plan adjustment 31,586 (11,055 ) 20,531 Other comprehensive income (loss) $ (568,585 ) $ 199,005 $ (369,580 ) Year Ended December 31, 2014 Before-tax Tax (expense) Net-of-tax amount benefit amount Unrealized holding gains (losses), net, arising on fixed maturities, available-for-sale $ 586,458 $ (205,260 ) $ 381,198 Unrealized holding gains (losses), net, arising on cash flow hedges 20,137 (7,048 ) 13,089 Reclassification adjustment for (gains) losses, net, realized in net income (56,159 ) 19,656 (36,503 ) Net unrealized gains (losses) related to investments 550,436 (192,652 ) 357,784 Future policy benefits, DAC and VOBA adjustments (58,760 ) 20,566 (38,194 ) Net unrealized gains (losses) 491,676 (172,086 ) 319,590 Employee benefit plan adjustment (95,886 ) 33,560 (62,326 ) Other comprehensive income (loss) $ 395,790 $ (138,526 ) $ 257,264 The following table presents the reclassifications from accumulated other comprehensive income (loss): Year Ended December 31, 2016 2015 2014 Details about accumulated other comprehensive income (loss) components Amount reclassified from accumulated other comprehensive income (loss) Affected line item in the statement where net income is presented Unrealized holdings (gains) losses, net, arising on fixed maturities, available-for-sale $ (63,022 ) $ (40,217 ) $ (47,751 ) Other realized investment (gains) losses, net (63,022 ) (40,217 ) (47,751 ) Total before tax (22,058 ) (14,076 ) (16,713 ) Tax expense or benefit $ (40,964 ) $ (26,141 ) $ (31,038 ) Net of tax Unrealized holdings (gains) losses, net, arising on cash flow hedges $ (13,906 ) $ (12,380 ) $ (8,408 ) Net investment income 2,657 — — Interest expense (11,249 ) (12,380 ) (8,408 ) Total before tax (3,937 ) (4,333 ) (2,943 ) Tax expense or benefit $ (7,312 ) $ (8,047 ) $ (5,465 ) Net of tax Amortization of employee benefit plan items Prior service costs (benefits) $ (601 ) (1) $ (694 ) (1) $ 3,189 (1) Actuarial losses (gains) 9,882 (1) 12,550 (1) 2,730 (1) Settlement — (1) — (1) 1,857 (1) 9,281 11,856 7,776 Total before tax 3,248 4,150 2,722 Tax expense or benefit $ 6,033 $ 7,706 $ 5,054 Net of tax Total reclassification $ (42,243 ) $ (26,482 ) $ (31,449 ) Net of tax (1) These accumulated other comprehensive income components are included in the computation of net periodic (benefit) cost of employee benefit plans (see Note 17 for additional details).

General Insurance Expenses

General Insurance Expenses	12 Months Ended
	Dec. 31, 2016
Selling, General and Administrative Expense [Abstract]
General Insurance Expenses	General Insurance Expenses The following table summarizes the significant components of general insurance expenses: Year Ended December 31, 2016 2015 2014 Compensation $ 625,364 $ 564,008 $ 406,601 Commissions 222,028 206,360 210,797 Other 333,835 308,628 163,593 Total general insurance expenses $ 1,181,227 $ 1,078,996 $ 780,991

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plans	Employee Benefit Plans Defined Benefit Pension, Post-Retirement Medical, and Supplemental Executive Retirement Plans The Company has a noncontributory Defined Benefit Pension Plan covering substantially all of its employees that were hired before January 1, 1999. Prior to December 31, 2012, the Company accounted for the Defined Benefit Pension Plan as the direct legal obligation of the Company and accounted for the corresponding plan obligations on its balance sheet and statements of income. Effective December 31, 2012, the Company transferred the sponsorship of the Defined Benefit Pension Plan to GWL&A Financial, the Company’s immediate parent. Despite the change in sponsorship of the Defined Benefit Pension Plan, the Company continues to account for the corresponding plan obligations on its balance sheet and statements of income. Benefits for the Defined Benefit Pension Plan are based principally on an employee’s years of service and compensation levels near retirement. The Company’s policy for funding the Defined Benefit Pension Plans is to make annual contributions, which equal or exceed regulatory requirements. The Company sponsors an unfunded Post-Retirement Medical Plan (the “Medical Plan”) that provides health benefits to retired employees who are not Medicare eligible. The Medical Plan is contributory and contains other cost sharing features which may be adjusted annually for the expected general inflation rate. The Company’s policy is to fund the cost of the Medical Plan benefits in amounts determined at the discretion of management. The Company also provides Supplemental Executive Retirement Plans to certain key executives. These plans provide key executives with certain benefits upon retirement, disability, or death based upon total compensation. The Company has purchased individual life insurance policies with respect to employees covered by these plans. The Company is the owner and beneficiary of the insurance contracts. A December 31 measurement date is used for the employee benefit plans. The following tables provide a reconciliation of the changes in the benefit obligations, fair value of plan assets and the underfunded status for the Company’s Defined Benefit Pension, Post-Retirement Medical, and Supplemental Executive Retirement plans: Defined Benefit Pension Plan Post-Retirement Medical Plan Supplemental Executive Retirement Plan Total Year Ended December 31, Year Ended December 31, Year Ended December 31, Year Ended December 31, 2016 2015 2016 2015 2016 2015 2016 2015 Change in projected benefit obligation: Benefit obligation, January 1 $ 560,817 $ 583,080 $ 16,637 $ 12,782 $ 43,858 $ 55,832 $ 621,312 $ 651,694 Service cost (1,403 ) 12,851 1,246 1,042 294 282 137 14,175 Interest cost 25,263 23,987 713 560 1,775 2,122 27,751 26,669 Actuarial (gain) loss 24,928 (42,863 ) 1,408 3,360 1,911 (9,504 ) 28,247 (49,007 ) Regular benefits paid (17,315 ) (16,238 ) (973 ) (1,446 ) (3,337 ) (4,874 ) (21,625 ) (22,558 ) Acquisition — — — 339 — — — 339 Benefit obligation, December 31 $ 592,290 $ 560,817 $ 19,031 $ 16,637 $ 44,501 $ 43,858 $ 655,822 $ 621,312 Accumulated benefit obligation $ 575,024 $ 544,011 $ 19,031 $ 16,637 $ 43,098 $ 42,182 $ 637,153 $ 602,830 On January 1, 2015, the Company acquired the retirement business of Putnam, an affiliate of the Company. See Note 2 for additional discussion regarding the acquisition. Per the terms of the Asset Transfer Agreement, the Company was required to give each Putnam employee full credit for the employee’s service period with Putnam prior to the closing date for the purpose of eligibility to participate, vesting and level of benefits under the Post-Retirement Medical Plan. As a result, approximately 150 individuals became eligible participants of the Post-Retirement Medical Plan at January 1, 2015. The transaction was recorded as a prior service cost, which resulted in a $339 increase before tax to other liabilities and expenses and a decrease to accumulated other comprehensive income. Defined Benefit Post-Retirement Supplemental Executive Total Year Ended December 31, Year Ended December 31, Year Ended December 31, Year Ended December 31, 2016 2015 2016 2015 2016 2015 2016 2015 Change in plan assets: Value of plan assets, January 1 $ 427,131 $ 443,962 $ — $ — $ — $ — $ 427,131 $ 443,962 Actual return on plan assets 43,271 (593 ) — — — — 43,271 (593 ) Employer contributions — — 973 1,446 3,337 4,874 4,310 6,320 Benefits paid (17,315 ) (16,238 ) (973 ) (1,446 ) (3,337 ) (4,874 ) (21,625 ) (22,558 ) Value of plan assets, December 31 $ 453,087 $ 427,131 $ — $ — $ — $ — $ 453,087 $ 427,131 Defined Benefit Post-Retirement Supplemental Executive Total December 31, December 31, December 31, December 31, 2016 2015 2016 2015 2016 2015 2016 2015 Under funded status at December 31 $ (139,203 ) $ (133,686 ) $ (19,031 ) $ (16,637 ) $ (44,501 ) $ (43,858 ) $ (202,735 ) $ (194,181 ) The following table presents amounts recognized in the consolidated balance sheets for the Company’s Defined Benefit Pension, Post-Retirement Medical, and Supplemental Executive Retirement plans: Defined Benefit Post-Retirement Supplemental Executive Total December 31, December 31, December 31, December 31, 2016 2015 2016 2015 2016 2015 2016 2015 Amounts recognized in consolidated balance sheets: Other liabilities $ (139,203 ) $ (133,686 ) $ (19,031 ) $ (16,637 ) $ (44,501 ) $ (43,858 ) $ (202,735 ) $ (194,181 ) Accumulated other comprehensive income (loss) (133,055 ) (139,316 ) 5,715 8,540 (2,360 ) (890 ) (129,700 ) (131,666 ) The following table provides information regarding amounts in AOCI that have not yet been recognized as components of net periodic benefit cost at December 31, 2016 : Defined Benefit Post-Retirement Supplemental Executive Total Gross Net of tax Gross Net of tax Gross Net of tax Gross Net of tax Net gain (loss) $ (133,055 ) $ (86,486 ) $ 5,091 $ 3,309 $ (660 ) $ (429 ) $ (128,624 ) $ (83,606 ) Net prior service (cost) credit — — 624 406 (1,700 ) (1,105 ) (1,076 ) (699 ) $ (133,055 ) $ (86,486 ) $ 5,715 $ 3,715 $ (2,360 ) $ (1,534 ) $ (129,700 ) $ (84,305 ) The following table provides information regarding amounts in AOCI that are expected to be recognized as components of net periodic benefit costs during the year ended December 31, 2017 : Defined Benefit Post-Retirement Supplemental Executive Total Gross Net of tax Gross Net of tax Gross Net of tax Gross Net of tax Net gain (loss) $ (8,799 ) $ (5,719 ) $ 210 $ 137 $ 54 $ 35 $ (8,535 ) $ (5,547 ) Prior service (cost) credit — — 453 294 (501 ) (326 ) (48 ) (32 ) $ (8,799 ) $ (5,719 ) $ 663 $ 431 $ (447 ) $ (291 ) $ (8,583 ) $ (5,579 ) The expected benefit payments for the Company’s Defined Benefit Pension, Post-Retirement Medical, and Supplemental Executive Retirement plans for the years indicated are as follows: Defined Benefit Pension Plan Post-Retirement Medical Plan Supplemental Executive Retirement Plan 2017 $ 16,600 $ 856 $ 3,435 2018 20,029 843 2,775 2019 21,231 917 2,460 2020 22,694 946 2,438 2021 24,820 1,028 2,400 2022 through 2026 154,223 6,776 27,188 Net periodic (benefit) cost of the Defined Benefit Pension, Post-Retirement Medical, and Supplemental Executive Retirement plans included in general insurance expenses in the accompanying consolidated statements of income includes the following components: Defined Benefit Pension Plan Year Ended December 31, 2016 2015 2014 Components of net periodic cost: Service cost $ (1,403 ) $ 12,851 $ 4,952 Interest cost 25,263 23,987 23,068 Expected return on plan assets (22,339 ) (28,345 ) (29,288 ) Amortization of unrecognized prior service cost — 13 51 Amortization of loss from earlier periods 10,260 12,398 2,898 Net periodic cost $ 11,781 $ 20,904 $ 1,681 Post-Retirement Medical Plan Year Ended December 31, 2016 2015 2014 Components of net periodic benefit: Service cost $ 1,246 $ 1,042 $ 985 Interest cost 713 560 574 Amortization of unrecognized prior service benefit (1,102 ) (1,640 ) (1,706 ) Amortization of gain from earlier periods (317 ) (511 ) (450 ) Net periodic benefit $ 540 $ (549 ) $ (597 ) Supplemental Executive Retirement Plan Year Ended December 31, 2016 2015 2014 Components of net periodic cost: Service cost $ 294 $ 282 $ 586 Interest cost 1,775 2,122 2,528 Amortization of unrecognized prior service cost 501 933 4,844 Amortization of loss from earlier periods (61 ) 663 282 Settlement — — 1,857 Net periodic cost $ 2,509 $ 4,000 $ 10,097 On August 1, 2014, the Company made a lump-sum benefit payment from the Supplemental Executive Retirement Plan. The lump-sum distribution resulted in the settlement of 21% of the Supplemental Executive Retirement Plan’s projected benefit obligation and exceeded the total of the projected service cost and interest cost for the plan year. In connection with this settlement during the third quarter of 2014, the Company reclassified a $1,857 loss before tax to earnings from accumulated other comprehensive income. The lump-sum benefit payment also resulted in the recognition of $3,911 of prior service costs within earnings from accumulated other comprehensive income. The following tables present the assumptions used in determining benefit obligations of the Defined Benefit Pension, Post-Retirement Medical, and the Supplemental Executive Retirement plans: Defined Benefit Pension Plan December 31, 2016 2015 Discount rate 4.20 % 4.55 % Rate of compensation increase 4.47 % 4.47 % Post-Retirement Medical Plan December 31, 2016 2015 Discount rate 4.05 % 4.31 % Initial health care cost trend 6.75 % 7.00 % Ultimate health care cost trend 5.00 % 5.00 % Year ultimate trend is reached 2024 2024 Supplemental Executive Retirement Plan December 31, 2016 2015 Discount rate 3.80 % 4.22 % Rate of compensation increase 4.00 % 4.00 % During 2016, the Company adopted the Society of Actuaries Mortality Improvement Scale (MP-2016). During 2015, the Company adopted the Society of Actuaries 2015 Mortality Tables Report (RP-2015) and Mortality Improvement Scale (MP-2015), which adjusted the mortality assumptions used to measure retirement plan obligations. These mortality assumptions are an update to the tables adopted in 2014, to reflect two additional years of U.S. population mortality improvement data. The following tables present the assumptions used in determining the net periodic (benefit) cost of the Defined Benefit Pension, Post-Retirement Medical, and the Supplemental Executive Retirement plans: Defined Benefit Pension Plan Year Ended December 31, 2016 2015 Discount rate 4.55 % 4.17 % Expected return on plan assets 6.00 % 6.50 % Rate of compensation increase 4.47 % 4.47 % Post-Retirement Medical Plan Year Ended December 31, 2016 2015 Discount rate 4.31 % 3.94 % Initial health care cost trend 7.00 % 6.50 % Ultimate health care cost trend 5.00 % 5.00 % Year ultimate trend is reached 2024 2018 Supplemental Executive Retirement Plan Year Ended December 31, 2016 2015 Discount rate 4.22 % 3.99 % Rate of compensation increase 4.00 % 4.00 % The discount rate has been set based on the rates of return on high-quality fixed-income investments currently available and expected to be available during the period the benefits will be paid. In particular, the yields on bonds rated AA or better on the measurement date have been used to set the discount rate. The following table presents the impact on the Post-Retirement Medical Plan that a one-percentage-point change in assumed health care cost trend rates would have on the following: One percentage point increase One percentage Increase (decrease) on total service and interest cost on components $ 322 $ (269 ) Increase (decrease) on post-retirement benefit obligation 2,430 (2,083 ) The following table presents how the Company’s Defined Benefit Pension Plan assets are invested: December 31, 2016 2015 Equity securities 45 % 67 % Debt securities 39 % 31 % Other 16 % 2 % Total 100 % 100 % The following tables present information about the Defined Benefit Retirement Plan’s assets measured at fair value on a recurring basis and indicates the fair value hierarchy of the valuation approach utilized to determine such fair value: Defined benefit plan assets measured at fair value on a recurring basis December 31, 2016 Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Total Common collective trust funds: (1) Equity index funds $ — $ — $ — $ 34,578 Midcap index funds — — — 35,330 World equity index funds — — — 44,235 U.S. equity market funds — — — 45,614 International equity funds — — — 11,143 Total common collective trust funds — — — 170,900 Fixed maturity investments: U.S. government direct obligations and agencies — 5,672 — 5,672 Obligations of U.S. states and their municipalities — 18,670 — 18,670 Corporate debt securities — 141,102 1,316 142,418 Asset-backed securities — 7,828 — 7,828 Commercial mortgage-backed securities — 2,884 — 2,884 Total fixed maturity investments — 176,156 1,316 177,472 Equity investments: Fixed income mutual funds 21,321 — — 21,321 Equity mutual funds 11,106 — — 11,106 Preferred stock 640 — — 640 Total equity investments 33,067 — — 33,067 Limited partnership investments (1) — — — 7,022 Money market funds 62,883 — — 62,883 Total defined benefit plan assets $ 95,950 $ 176,156 $ 1,316 $ 451,344 (1) Fair values of Common collective trust funds and Limited partnership investments are estimated using net asset value per unit as a practical expedient which are excluded from the disclosure requirement to classify amounts in the fair value hierarchy in connection with the adoption of ASU 2015-07. Defined benefit plan assets measured at fair value on a recurring basis December 31, 2015 Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Total Common collective trust funds: (1) Equity index funds $ — $ — $ — $ 94,751 Midcap index funds — — — 88,267 World equity index funds — — — 8,511 U.S. equity market funds — — — 94,471 Total common collective trust funds — — — 286,000 Fixed maturity investments: U.S. government direct obligations and agencies — 6,753 — 6,753 Obligations of U.S. states and their municipalities — 19,074 — 19,074 Corporate debt securities — 93,811 — 93,811 Asset-backed securities — 8,149 — 8,149 Commercial mortgage-backed securities — 2,926 — 2,926 Total fixed maturity investments — 130,713 — 130,713 Preferred stock 280 — — 280 Limited partnership investments (1) — — — 7,654 Money market funds 2,484 — — 2,484 Total defined benefit plan assets $ 2,764 $ 130,713 $ — $ 427,131 (1) Fair values of Common collective trust funds and Limited partnership investments are estimated using net asset value per unit as a practical expedient which are excluded from the disclosure requirement to classify amounts in the fair value hierarchy in connection with the adoption of ASU 2015-07. The following tables present additional information about assets of the Defined Benefit Retirement Plan measured at fair value on a recurring basis and for which the Company has utilized Level 3 inputs to determine fair value: Recurring Level 3 financial assets Corporate debt securities Year Ended December 31, 2016 2015 Balance, January 1 $ — $ — Actual return on plan assets 54 — Settlements (213 ) — Transfers into Level 3 (1) 1,475 — Balance, December 31 $ 1,316 $ — (1) Transfers into Level 3 are due primarily to decreased observability of inputs in valuation methodologies. The investment objective of the Defined Benefit Pension Plan is to provide a risk-adjusted return that will ensure the payment of benefits while protecting against the risk of substantial investment losses. Correlations among the asset classes are used to identify an asset mix that the Company believes will provide the most attractive returns. Long-term return forecasts for each asset class using historical data and other qualitative considerations to adjust for projected economic forecasts are used to set the expected rate of return for the entire portfolio. The Defined Benefit Pension Plan utilizes various investment securities. Generally, investment securities are exposed to various risks, such as interest rate risks, credit risk, and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur and that such changes could materially affect the amounts reported. The following table presents the ranges the Company targets for the allocation of invested Defined Benefit Pension Plan assets at December 31, 2017 : December 31, 2017 Equity securities 30 % Debt securities 52 % Other 18 % Total 100 % Management estimates the value of these investments will be recoverable. The Company does not expect any plan assets to be returned to it during the year ended December 31, 2017 . The Company expects to make payments of approximately $856 with respect to its Post-Retirement Medical Plan and $3,435 with respect to its Supplemental Executive Retirement Plan during the year ended December 31, 2017 . Other employee benefit plans The Company has an executive deferred compensation plan providing key executives with the opportunity to participate in an unfunded deferred compensation program. Under the program, participants may defer base compensation and bonuses and earn interest on the amounts deferred. The program is not qualified under Section 401 of the Internal Revenue Code. Participant balances, which are reflected in other liabilities in the accompanying consolidated balance sheets, are $7,236 and $8,678 at December 31, 2016, and 2015 , respectively. The participant deferrals earned interest at the average rates of 6.42% and 6.48% during the years ended December 31, 2016, and 2015 , respectively. The interest rate is based on the Moody’s Average Annual Corporate Bond Index rate plus 0.45% for actively employed participants and fixed rates ranging from 4.12% to 5.03% for retired participants. The Company offers an unfunded, non-qualified deferred compensation plan to a select group of management and highly compensated individuals. Participants defer a portion of their compensation and realize potential market gains or losses on the invested contributions. The program is not qualified under Section 401 of the Internal Revenue Code. Participant balances, which are included in other liabilities in the accompanying consolidated balance sheets, are $21,758 and $18,654 at December 31, 2016, and 2015 , respectively. The Company sponsors a qualified defined contribution benefit plan covering all employees. Under this plan, employees may contribute a percentage of their annual compensation to the plan up to certain maximums, as defined by the plan and by the Internal Revenue Service (“IRS”). Currently, the Company matches a percentage of employee contributions in cash. The Company recognized $12,364 , $13,016 , and $8,479 in expense related to this plan for the years ended December 31, 2016, 2015, and 2014 , respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income taxes is comprised of the following: Year Ended December 31, 2016 2015 2014 Current $ 32,031 $ 76,842 $ 80,859 Deferred 53,481 21,682 75,044 Total income tax provision $ 85,512 $ 98,524 $ 155,903 The following table presents a reconciliation between the statutory federal income tax rate and the Company’s effective federal income tax rate: Year Ended December 31, 2016 2015 2014 Statutory federal income tax rate 35.0 % 35.0 % 35.0 % Income tax effect of: Investment income not subject to federal tax (3.0 )% (3.0 )% (1.8 )% Tax credits (6.9 )% (0.2 )% (0.3 )% State income taxes, net of federal benefit 2.3 % 3.2 % 1.0 % Income tax contingency provisions — % — % (1.2 )% Other, net (0.4 )% (0.9 )% 0.2 % Effective federal income tax rate 27.0 % 34.1 % 32.9 % A reconciliation of unrecognized tax benefits is as follows: Year Ended December 31, 2016 2015 2014 Balance, beginning of year $ 23,093 $ 26,890 $ 21,154 Additions to tax positions in the current year — 1,383 13,931 Additions to tax positions in the prior year 1,902 50 — Reductions to tax positions from statutes expiring (7,727 ) (5,230 ) (8,195 ) Balance, end of year $ 17,268 $ 23,093 $ 26,890 There were no tax benefits included in the unrecognized tax benefits of $17,268 at December 31, 2016 , that would impact the annual effective tax rate. The Company does not anticipate material changes to its unrecognized tax benefits in the next twelve months. The Company recognizes accrued interest and penalties related to unrecognized tax benefits in current income tax expense. The Company recognized decreases of $153 , $193 , and $2,916 in interest and penalties related to the uncertain tax positions during the years ended December 31, 2016, 2015, and 2014 , respectively. The Company had approximately $864 and $1,017 accrued for the payment of interest and penalties at December 31, 2016, and 2015 , respectively. The Company files income tax returns in the U.S. federal jurisdiction and various states. With few exceptions, the Company is no longer subject to U.S. federal income tax examinations by tax authorities for years 2012 and prior. Tax years 2013 through 2015 are open to federal examination by the I.R.S. The Company does not expect significant increases or decreases to unrecognized tax benefits relating to federal, state, or local audits. Deferred income taxes represent the tax effect of the differences between the book and tax bases of assets and liabilities. The tax effect of temporary differences, which give rise to the deferred tax assets and liabilities, is as follows: December 31, 2016 2015 Deferred Deferred Deferred Deferred tax asset tax liability tax asset tax liability Policyholder reserves $ — $ 278,632 $ — $ 262,822 Deferred acquisition costs — 28,071 — 8,533 Investment assets — 233,583 — 221,303 Policyholder dividends 8,583 — 8,919 — Net operating loss carryforward 96,693 — 113,637 — Pension plan accrued benefit liability 83,562 — 79,945 — Goodwill — 35,306 — 33,034 Experience rated refunds 6,654 — 12,673 — Tax credits 168,597 — 154,017 — Other 19,592 — 19,385 — Total deferred taxes $ 383,681 $ 575,592 $ 388,576 $ 525,692 The deferred tax liability amounts presented for investment assets above include $172,405 and $171,780 related to the net unrealized losses (gains) on the Company’s investments, which are classified as available-for-sale at December 31, 2016, and 2015 , respectively. The Company, together with certain of its subsidiaries, and Lifeco U.S. have entered into an income tax allocation agreement whereby Lifeco U.S. files a consolidated federal income tax return. Under the agreement, these companies are responsible for and will receive the benefits of any income tax liability or benefit computed on a separate tax return basis. As of December 31, 2016 , the subsidiary had net operating loss carry forwards expiring as follows: Year Amount 2021 $ 5,977 2022 136,796 2023 81,693 2028 2,215 Total $ 226,681 During the years ended December 31, 2016, 2015, and 2014 , the Company generated $215 , $3,295 , and $15,506 of Guaranteed Federal Low Income Housing tax credit carryforwards, respectively. As of December 31, 2016 , the total credit carryforward for Low Income Housing is $143,105 . These credits will begin to expire in 2030 . The Company generated $4,286 of foreign tax credit carryforwards during the year ended December 31, 2016 . During the years ended December 31, 2010 through December 31, 2015 , the Company generated credit carryforwards of $21,025 . The Company determined in 2016 that it will amend its prior year previously filed federal income tax returns in order to elect to claim foreign tax credits in lieu of foreign tax expense. These credits will begin to expire in 2020. Included in due from parent and affiliates at December 31, 2016, and 2015 is $35,093 and $11,790 , respectively, of income taxes receivable primarily from Lifeco U.S. related to the consolidated income tax return filed by the Company and certain subsidiaries. Included in the consolidated balance sheets at December 31, 2016, and 2015 is $7,819 and $7,721 , respectively, of income taxes receivable in other assets primarily related to the separate state income tax returns filed by certain subsidiaries.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Segment Information	Segment Information The Chief Operating Decision Maker (“CODM”) of the Company is also the Chief Executive Officer (“CEO”) of the Company and Lifeco U.S. The CODM reviews the financial information for the purposes of assessing performance and allocating resources based upon the results of Lifeco U.S. and other U.S. affiliates prepared in accordance with International Financial Reporting Standards. The CODM, in his capacity as CEO of the Company, reviews the Company’s financial information only in connection with the quarterly and annual reports that are filed with the Securities and Exchange Commission (“SEC”). Consequently, the Company does not provide its discrete financial information to the CODM to be regularly reviewed to make decisions about resources to be allocated or to assess performance. For purposes of SEC reporting requirements, the Company has chosen to present its financial information in three segments, notwithstanding the above. The three segments are: Individual Markets, Empower Retirement, and Other. Individual Markets The Individual Markets reporting and operating segment distributes life insurance and individual annuity products to both individuals and businesses through various distribution channels. Life insurance products in-force include participating and non-participating term life, whole life, universal life, and variable universal life. Empower Retirement The Empower Retirement reporting and operating segment provides various retirement plan products and investment options as well as comprehensive administrative and recordkeeping services for financial institutions and employers, which include educational, advisory, enrollment, and communication services for employer-sponsored defined contribution plans and associated defined benefit plans. Other The Company’s Other reporting segment is substantially comprised of activity under the assumption of reinsurance between GWSC and CLAC (“the GWSC operating segment”), corporate items not directly allocated to the other operating segments and interest expense on long-term debt. The accounting principles used to determine segment results are the same as those used in the consolidated financial statements. The Company evaluates performance of its reportable segments based on their profitability from operations after income taxes. Inter-segment transactions and balances have been eliminated in consolidation. The Company’s operations are not materially dependent on one or a few customers, brokers, or agents. The following tables summarize segment financial information: Year Ended December 31, 2016 Individual Empower Markets Retirement Other Total Revenue: Premium income $ 379,127 $ 1,853 $ 84,369 $ 465,349 Fee income 99,514 851,620 5,683 956,817 Other revenue — 12,261 — 12,261 Net investment income 798,557 428,327 49,675 1,276,559 Realized investments gains (losses), net 40,899 51,209 774 92,882 Total revenues 1,318,097 1,345,270 140,501 2,803,868 Benefits and expenses: Policyholder benefits 969,182 206,143 65,698 1,241,023 Operating expenses 175,016 1,002,129 69,096 1,246,241 Total benefits and expenses 1,144,198 1,208,272 134,794 2,487,264 Income before income taxes 173,899 136,998 5,707 316,604 Income tax expense 58,601 25,144 1,767 85,512 Net income $ 115,298 $ 111,854 $ 3,940 $ 231,092 December 31, 2016 Individual Empower Markets Retirement Other Total Assets: Investments $ 16,770,772 $ 12,195,748 $ 1,634,330 $ 30,600,850 Other assets 1,453,717 1,057,148 141,666 2,652,531 Separate account assets 7,521,475 19,516,290 — 27,037,765 Assets of continuing operations $ 25,745,964 $ 32,769,186 $ 1,775,996 60,291,146 Assets of discontinued operations 17,652 Total assets $ 60,308,798 Year Ended December 31, 2015 Individual Empower Markets Retirement Other Total Revenue: Premium income $ 360,783 $ 533 $ 84,234 $ 445,550 Fee income 87,471 853,076 3,979 944,526 Other revenue — 13,563 — 13,563 Net investment income 801,935 398,639 53,856 1,254,430 Realized investments gains (losses), net 28,864 54,752 94 83,710 Total revenues 1,279,053 1,320,563 142,163 2,741,779 Benefits and expenses: Policyholder benefits 931,631 201,791 101,205 1,234,627 Operating expenses 159,719 992,564 65,890 1,218,173 Total benefits and expenses 1,091,350 1,194,355 167,095 2,452,800 Income (loss) before income taxes 187,703 126,208 (24,932 ) 288,979 Income tax expense (benefit) 64,360 43,058 (8,894 ) 98,524 Net income (loss) $ 123,343 $ 83,150 $ (16,038 ) $ 190,455 December 31, 2015 Individual Empower Markets Retirement Other Total Assets: Investments $ 16,074,681 $ 10,966,096 $ 1,770,249 $ 28,811,026 Other assets 1,358,934 927,061 149,655 2,435,650 Separate account assets 7,031,013 19,600,180 — 26,631,193 Assets of continuing operations $ 24,464,628 $ 31,493,337 $ 1,919,904 57,877,869 Assets of discontinued operations 21,910 Total assets $ 57,899,779 Year Ended December 31, 2014 Individual Empower Markets Retirement Other Total Revenue: Premium income $ 360,305 $ 1,215 $ 84,875 $ 446,395 Fee income 95,631 629,533 4,015 729,179 Other revenue — 7,506 — 7,506 Net investment income 748,015 426,340 54,033 1,228,388 Realized investments gains (losses), net 44,381 102,597 393 147,371 Total revenues 1,248,332 1,167,191 143,316 2,558,839 Benefits and expenses: Policyholder benefits 902,982 206,339 113,124 1,222,445 Operating expenses 136,850 647,165 79,107 863,122 Total benefits and expenses 1,039,832 853,504 192,231 2,085,567 Income (loss) before income taxes 208,500 313,687 (48,915 ) 473,272 Income tax expense (benefit) 68,719 104,162 (16,978 ) 155,903 Net income (loss) $ 139,781 $ 209,525 $ (31,937 ) $ 317,369

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Share-Based Compensation Equity Awards Lifeco, of which the Company is an indirect wholly-owned subsidiary, maintains the Great-West Lifeco Inc. Stock Option Plan (the “Lifeco plan”) that provides for the granting of options on its common shares to certain of its officers and employees and those of its subsidiaries, including the Company. Options are granted with exercise prices not less than the average market price of the shares on the five days preceding the date of the grant. The Lifeco plan provides for the granting of options with varying terms and vesting requirements with vesting commencing on the first anniversary of the grant, exercisable within 10 years from the date of grant. Termination of employment prior to the vesting of the options results in the forfeiture of the unvested options, unless otherwise determined by Human Resources Committee. At its discretion the Human Resources Committee may vest the unvested options of retiring option holders, with the options exercisable within five years from the date of retirement. In such event, the Company accelerates the recognition period to the date of retirement for any unrecognized share-based compensation cost related thereto and recognizes it in its earnings at that time. Liability Awards The Company maintains a Performance Share Unit Plan (“PSU plan”) for senior executives of the Company. Under the PSU plan, “performance share units” are granted to certain senior executives of the Company. Each performance unit has a value equal to one share of Lifeco common stock and is subject to adjustment for cash dividends paid to Lifeco stockholders, Company earnings results as well as stock dividends and splits, consolidations and the like that affect shares of Lifeco common stock outstanding. If the performance share units vest, they are payable in cash equal to the average closing price of Lifeco common stock for the 20 trading days prior to the date following the last day of the three -year performance period. The estimated fair value of the performance unit is based on the average closing price of Lifeco common stock for the twenty trading days prior to the grant. The performance share units generally vest in their entirety at the end of the three years performance period based on continued service. The PSU plan contains a provision that permits all unvested performance share units to become vested upon death or retirement. Performance share units are settled in cash and are recorded as liabilities until payout is made. Unlike share-settled awards, which have a fixed grant-date fair value, the fair value of unsettled or unvested liabilities awards is remeasured at the end of each reporting period based on the change in fair value of one share of Lifeco common stock. The liability and corresponding expense are adjusted accordingly until the award is settled. Compensation Expense Related to Share-Based Compensation The compensation expense related to share-based compensation was as follows: Year Ended December 31, 2016 2015 2014 Lifeco Stock Plan $ 2,190 $ 1,655 $ 3,384 Performance Share Unit Plan 5,318 2,320 6,263 Total compensation expense $ 7,508 $ 3,975 $ 9,647 Income tax benefits $ 2,458 $ 1,143 $ 2,404 The following table presents the total unrecognized compensation expense related to share-based compensation at December 31, 2016 , and the expected weighted average period over which these expenses will be recognized: Expense Weighted average period (years) Lifeco Stock Plan $ 2,684 1.7 Performance Share Unit Plan 6,403 1.4 Equity Award Activity During the year ended December 31, 2016 , Lifeco granted 973,100 stock options to employees of the Company. These stock options vest over five - year periods ending in 2021 . Compensation expense of $2,664 will be recognized in the Company’s financial statements over the vesting period of these stock options using the accelerated method of recognition. The following table summarizes the status of, and changes in, the Lifeco plan options granted to Company employees which are outstanding. The options granted relate to underlying stock traded in Canadian dollars on the Toronto Stock Exchange; therefore, the amounts, which are presented in United States dollars, will fluctuate as a result of exchange rate fluctuations. Weighted average Shares under option Exercise price (Whole dollars) Remaining contractual term (Years) Intrinsic value (1) Outstanding, January 1, 2016 3,633,343 $ 21.68 Granted 973,100 25.88 Exercised (359,345 ) 20.03 Cancelled and expired (185,097 ) 25.87 Outstanding, December 31, 2016 4,062,001 23.25 6.1 $ 12,814 Vested and expected to vest, December 31, 2016 4,062,001 $ 23.25 6.1 $ 12,814 Exercisable, December 31, 2016 2,292,059 $ 21.81 4.3 $ 10,654 (1) The aggregate intrinsic value is calculated as the difference between the market price of Lifeco common shares on December 31, 2016 , and the exercise price of the option (only if the result is positive) multiplied by the number of options. The following table presents additional information regarding stock options under the Lifeco plan: Year Ended December 31, 2016 2015 2014 Weighted average fair value of options granted $ 2.74 $ 3.33 $ 5.53 Intrinsic value of options exercised (1) 2,102 4,234 401 Fair value of options vested 1,605 1,670 4,491 (1) The intrinsic value of options exercised is calculated as the difference between the market price of Lifeco common shares on the date of exercise and the exercise price of the option multiplied by the number of options exercised. The fair value of the options granted during the years ended December 31, 2016, 2015, and 2014 was estimated on the date of the grant using the Black-Scholes option-pricing model with the following weighted average assumptions: Year Ended December 31, 2016 2015 2014 Dividend yield 3.99 % 3.66 % 3.95 % Expected volatility 19.03 % 19.10 % 26.63 % Risk free interest rate 0.80 % 0.90 % 1.75 % Expected duration (years) 6.0 6.0 6.0 Liability Award Activity The following table summarizes the status of, and changes in, the Performance Share Unit Plan units granted to Company employees which are outstanding: Performance Outstanding, January 1, 2016 440,089 Granted 313,837 Forfeited (3,158 ) Exercised (151,857 ) Outstanding, December 31, 2016 598,911 Vested and expected to vest, December 31, 2016 598,911 The cash payment in settlement of the Performance Share Unit Plan units was $3,988 and $6,375 for the years ended December 31, 2016, and 2015 , respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments The following table summarizes the Company’s future purchase obligations and commitments: Payment due by period Less than one year One to three years Three to five years More than five years Total Related party long-term debt - principal (1) $ — $ — $ — $ 528,400 $ 528,400 Related party long-term debt - interest (2) 24,683 49,365 49,365 451,951 575,364 Investment purchase obligations (3) 438,458 — — — 438,458 Operating leases (4) 14,152 23,830 13,114 69 51,165 Other liabilities (5) 28,147 16,046 11,389 33,964 89,546 Total $ 505,440 $ 89,241 $ 73,868 $ 1,014,384 $ 1,682,933 (1) Related party long-term debt principal - Represents contractual maturities of principal due to the Company’s parent, GWL&A Financial, under the terms of two long-term surplus notes. The amounts shown in this table differ from the amounts included in the Company’s consolidated balance sheet because the amounts shown above do not consider the discount upon the issuance of one of the surplus notes. (2) Related party long-term debt interest - One long-term surplus note bears interest at a fixed rate through maturity. The other surplus note bears a variable interest rate plus the then-current three-month London Interbank Offering Rate (“LIBOR”) . The interest payments shown in this table are calculated based upon the contractual rates in effect on December 31, 2016 , and do not consider the impact of future interest rate changes. (3) Investment purchase obligations - The Company makes commitments to fund partnership interests, mortgage loans on real estate, and other investments in the normal course of its business. As the timing of the fulfillment of the commitment to fund partnership interests cannot be predicted, such obligations are presented in the less than one year category. The timing of the funding of mortgage loans on real estate is based on the expiration date of the commitment. The amounts of these unfunded commitments at December 31, 2016, and 2015 , were $438,458 and $50,692 , of which $93,440 and $8,692 were related to cost basis limited partnership interests, respectively, all of which is due within one year from the dates indicated. (4) Operating leases - The Company is obligated to make payments under various non-cancelable operating leases, primarily for office space. Contractual provisions exist that could increase the lease obligations presented, including operating expense escalation clauses. Management does not consider the impact of any such clauses to be material to the Company’s operating lease obligations. The Company incurred rent expense, net of sublease income, of $12,575 , $12,050 , and $7,628 for the years ended December 31, 2016, 2015, and 2014 , respectively and is recorded in general insurance expense. The Company’s total future operating lease obligation will be reduced by minimum reimbursement of $7,301 due in the future under non-cancelable agreements. From time to time, the Company enters into agreements or contracts, including capital leases, to purchase goods or services in the normal course of its business. However, these agreements and contracts are not material and are excluded from the table above. (5) Other liabilities - Other liabilities include those other liabilities which represent contractual obligations not included elsewhere in the table above. If the timing of the payment of any other liabilities was sufficiently uncertain, the amounts were included in the less than one year category. Other liabilities presented in the table above include: · Expected contributions to the Company’s defined benefit pension plan and benefit payments for the Post-Retirement Medical Plan and Supplemental Executive Retirement Plan. · Miscellaneous purchase obligations to acquire goods and services. · Unrecognized tax benefits The Company has a revolving credit facility agreement in the amount of $50,000 for general corporate purposes. The credit facility expires on March 1, 2018 . Interest accrues at a rate dependent on various conditions and terms of borrowings. The agreement requires, among other things, the Company to maintain a minimum adjusted net worth, of $1,100,000 , as defined in the credit facility agreement (both compiled on the unconsolidated statutory accounting basis prescribed by the NAIC), for each quarter ending after December 31, 2015 . The Company was in compliance with all covenants at December 31, 2016, and 2015 . At December 31, 2016, and 2015 there were no outstanding amounts related to the current and prior credit facilities. GWSC and CLAC are parties to a reinsurance agreement pursuant to which GWSC assumes term life insurance from CLAC. GWL&A Financial obtained two letters of credit for the benefit of the Company as collateral under the GWSC and CLAC reinsurance agreement for policy liabilities and capital support. The first letter of credit is for $1,165,030 and renews annually until it expires on July 3, 2027 . The second letter of credit is for $70,000 and renews annually until it expires on December 31, 2017 . At December 31, 2016, and 2015 , there were no outstanding amounts related to the letters of credit. See Note 4 for additional discussion regarding these letters of credit. In addition, the Company has other letters of credit with a total amount of $9,095 , renewable annually for an indefinite period of time. At December 31, 2016, and 2015 , there were no outstanding amounts related to those letters of credit. Contingencies From time to time, the Company may be threatened with, or named as a defendant in, lawsuits, arbitrations, and administrative claims. Any such claims that are decided against the Company could harm the Company’s business. The Company is also subject to periodic regulatory audits and inspections which could result in fines or other disciplinary actions. Unfavorable outcomes in such matters may result in a material impact on the Company's financial position, results of operations, or cash flows. The Company is defending lawsuits relating to the costs and features of certain retirement or fund products. These actions have not reached the trial stage. Management believes the claims are without merit and will defend these actions. Based on the information known, these actions will not have a material adverse effect on the consolidated financial position of the Company. The Company is involved in other various legal proceedings that arise in the ordinary course of its business. In the opinion of management, after consultation with counsel, the likelihood of loss from the resolution of these proceedings is remote and/or the estimated loss is not expected to have a material effect on the Company’s consolidated financial position, results of its operations, or cash flows.

Subsequent Event

Subsequent Event	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Event	Subsequent Events On February 6, 2017 , the Company’s Board of Directors declared dividends of $77,000 , payable on March 15, 2017 , to its sole shareholder, GWL&A Financial.

Schedule III Supplemental Insur

Schedule III Supplemental Insurance Information	12 Months Ended
	Dec. 31, 2016
Supplementary Insurance Information [Abstract]
Schedule III Supplemental Insurance Information	Schedule III Supplemental Insurance Information (In Thousands) As of and for the Year Ended December 31, 2016 Individual Markets Segment Empower Retirement Segment Other Segment Total Deferred acquisition costs $ 340,532 $ 127,313 $ — $ 467,845 Future policy benefits, losses, claims, and expenses 16,420,554 12,019,243 387,181 28,826,978 Unearned premium reserves 45,921 — — 45,921 Other policy claims and benefits payable 694,965 713 27,229 722,907 Premium income 379,127 1,853 84,369 465,349 Net investment income 798,557 428,327 49,675 1,276,559 Benefits, claims, losses, and settlement expenses 969,182 206,143 65,698 1,241,023 Amortization of deferred acquisition costs 45,944 (16,627 ) — 29,317 Other operating expenses 129,072 1,018,756 69,096 1,216,924 As of and for the Year Ended December 31, 2015 Individual Empower Other Total Deferred acquisition costs $ 319,447 $ 73,971 $ — $ 393,418 Future policy benefits, losses, claims, and expenses 15,835,811 10,810,352 419,493 27,065,656 Unearned premium reserves 45,325 — — 45,325 Other policy claims and benefits payable 699,559 662 26,760 726,981 Premium income 360,783 533 84,234 445,550 Net investment income 801,935 398,639 53,856 1,254,430 Benefits, claims, losses, and settlement expenses 931,631 201,791 101,205 1,234,627 Amortization of deferred acquisition costs 55,876 40,219 — 96,095 Other operating expenses 103,843 952,345 65,890 1,122,078 As of and for the Year Ended December 31, 2014 Individual Empower Other Total Premium income 360,305 1,215 84,875 446,395 Net investment income 748,015 426,340 54,033 1,228,388 Benefits, claims, losses and settlement expenses 902,982 206,339 113,124 1,222,445 Amortization of deferred acquisition costs 13,700 27,345 — 41,045 Other operating expenses 123,150 619,820 79,107 822,077

Organization and Significant 32

Organization and Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Basis of presentation	Basis of Presentation The consolidated financial statements include the accounts of the Company and the accounts of its subsidiaries over which it exercises control and are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Intercompany transactions and balances have been eliminated in consolidation.
Use of estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates are required to account for items and matters such as, but not limited to, the valuation of investments and derivatives in the absence of quoted market values, impairment of investments, accounting for derivative financial instruments, valuation of DAC and VOBA, valuation of policy benefit liabilities, valuation of employee benefits plan obligation, the valuation of deferred tax assets or liabilities, net, and valuation of contingent consideration. Actual results could differ from those estimates.
Investments	Investments Investments are reported as follows: 1. The Company classifies the majority of its fixed maturity investments as available-for-sale which are recorded at fair value with the related net unrealized gain or loss, net of policyholder related amounts, and deferred taxes, recorded in accumulated other comprehensive income (loss) (“AOCI”). Included in fixed maturities are perpetual debt investments which primarily consist of junior subordinated debt instruments that have no stated maturity date but pay fixed or floating interest in perpetuity. Also included in AOCI is net unrealized gain or loss resulting from foreign currency translations of fixed maturity investments denominated in foreign currencies. Premiums and discounts are recognized as a component of net investment income using the effective interest method. Realized gains and losses are included in net realized investment gains (losses), declines in value determined to be other-than-temporary are included in total other-than-temporary losses, and realized gains and losses from foreign currency translations are recorded in net investment income. The Company also classifies certain fixed maturity investments as held-for-trading. Assets in the held-for-trading category are carried at fair value with changes in fair value reported in net investment income. The recognition of income on certain investments (e.g. loan-backed securities, including mortgage-backed and asset-backed securities) is dependent upon market conditions, which may result in prepayments and changes in amounts to be earned. Prepayments on all mortgage-backed and asset-backed securities are monitored monthly, and amortization of the premium and/or the accretion of the discount associated with the purchase of such securities are adjusted by such prepayments. The Company recognizes the acquisition of its public fixed maturity investments on a trade date basis and its private placement investments on a funding date basis. 2. Mortgage loans on real estate consist primarily of domestic commercial collateralized loans and are carried at their unpaid principal balances adjusted for any unamortized premiums or discounts, origination fees, provision allowances, and foreign currency translations. Interest income is accrued on the unpaid principal balance for all loans, except for loans on non-accrual status. Premiums, discounts, and origination fees are amortized to net investment income using the effective interest method. Prepayment penalty fees are recognized in other realized investment gains upon receipt. The Company actively manages its mortgage loan portfolio by completing ongoing comprehensive analysis of factors such as debt service coverage ratios, loan-to-value ratios, payment status, default or legal status, annual collateral property evaluations, and general market conditions. On a quarterly basis, the Company reviews the above primary credit quality indicators in its internal risk assessment of loan impairment and credit loss. Management’s risk assessment process is subjective and includes the categorization of all loans, based on the above mentioned credit quality indicators, into one of the following categories: • Performing - generally indicates the loan has standard market risk and is within its original underwriting guidelines. • Non-performing - generally indicates there is a potential for loss due to the deterioration of financial/monetary default indicators or potential foreclosure. Due to the potential for loss, these loans are evaluated for impairment. The adequacy of the Company’s mortgage provision allowance is reviewed quarterly. The determination of the calculation and the adequacy of the mortgage provision allowance and mortgage impairments involve judgments that incorporate qualitative and quantitative Company and industry mortgage performance data. Management’s periodic evaluation and assessment of the adequacy of the mortgage provision allowance and the need for mortgage impairments is based on known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay, the fair value of the underlying collateral, composition of the loan portfolio, current economic conditions, loss experience, and other relevant factors. Loans included in the non-performing category and other loans with certain substandard credit quality indicators are individually reviewed to determine if a specific impairment is required. Risk is mitigated primarily through first position collateralization, guarantees, loan covenants, and borrower reporting requirements. Since the Company does not originate or hold uncollateralized mortgages, loans are generally not deemed fully uncollectable. Generally, unrecoverable amounts are written off during the final stage of the foreclosure process. Loan balances are considered past due when payment has not been received based on contractually agreed upon terms. The accrual of interest is discontinued when concerns exist regarding the realization of loan principal or interest. The Company resumes interest accrual on loans when a loan returns to current status or under new terms when loans are restructured or modified. On a quarterly basis, any loans with terms that were modified during that period are reviewed to determine if the loan modifications constitute a troubled debt restructuring (“TDR”). In evaluating whether a loan modification constitutes a TDR, it must be determined that the modification is a significant concession and the debtor is experiencing financial difficulties. 3. Limited partnership and other corporation interests are accounted for using either the cost or equity method of accounting. The Company uses the cost method on investments where it has a minor equity interest and no significant influence over the entity’s operations. The Company uses the equity method when it has a partnership interest that is considered more than minor, although the Company has no significant influence over the entity’s operations. Also included in limited partnership interests are limited partnerships established for the purpose of investing in low-income housing that qualify for federal and state tax credits. These interests are carried at amortized cost as determined using the effective yield method. In the normal course of its activities, the Company is involved with other entities that are considered variable interest entities (“VIE”). The Company would be determined to be a primary beneficiary, and thus consolidate the VIE when the Company has both (a) the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance, and (b) the obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. The Company would also consolidate a VIE when it has, directly or indirectly, more than 50% of the outstanding voting shares (or more than 50% of the kick-out rights through voting interests for investments in limited partnerships). When the Company becomes involved with an entity and when the nature of the Company’s involvement with the entity changes, in order to determine if the Company must consolidate the entity, it evaluates: • The structure and purpose of the entity; • The risks and rewards created by and shared through the entity; • The entity’s participants’ ability to direct the activities, receive its benefits, and absorb its losses; and • If the Company has more than 50% of the outstanding voting rights or can unilaterally exercise substantive kick-out rights. The Company performs ongoing qualitative analyses of its involvement with VIEs to determine if consolidation is required. 4. Policy loans are carried at their unpaid balances. Interest income on policy loans is recognized in net investment income at the contract interest rate when earned. Policy loans are fully collateralized by the cash surrender value of the associated insurance policy. 5. Short-term investments include securities purchased with investment intent and with initial maturities of one year or less, and are generally carried at fair value which is approximated from amortized cost. They also include highly liquid money market securities that are traded in an active market and are carried at fair value. 6. The Company participates in a securities lending program in which the Company lends fixed maturity securities that are held as part of its general account investment portfolio to third parties. The Company does not enter into these types of transactions for liquidity purposes, but rather for yield enhancement on its investment portfolio. The borrower can return and the Company can request the loaned securities be returned at any time. The Company maintains ownership of the securities at all times and is entitled to receive from the borrower any payments for interest received on such securities during the loan term. Securities lending transactions are accounted for as secured borrowings. The securities on loan are included within fixed maturities and short-term investments in the accompanying consolidated balance sheets. The securities lending agent indemnifies the Company against borrower risk, meaning that the lending agent agrees contractually to replace securities not returned due to a borrower default. The Company generally requires initial collateral in an amount greater than or equal to 102% of the fair value of domestic securities loaned and 105% of foreign securities loaned. Such collateral is used to replace the securities loaned in event of default by the borrower. Acceptable collateral is generally defined as government securities, letters of credit and/or cash collateral. Some cash collateral may be reinvested in short-term repurchase agreements which are also collateralized by U.S. Government or U.S. Government Agency securities. Reinvested cash collateral is recognized within collateral under securities lending agreements in the accompanying consolidated balance sheets. Non-cash collateral is not recognized as the Company does not have effective control. 7. The Company’s other-than-temporary impairments (“OTTI”) accounting policy requires that a decline in the value of a security below its cost or amortized cost basis be assessed to determine if the decline is other-than-temporary. The assessment of whether an OTTI has occurred on fixed maturity investments, where management does not intend to sell the fixed maturity investment and it is not more likely than not the Company will be required to sell the fixed maturity investment before recovery of its amortized cost basis, is based upon management’s case-by-case evaluation of the underlying reasons for the decline in fair value of each individual security. Management considers a wide range of factors, as described below, regarding the security issuer and uses its best judgment in evaluating the cause of the decline in its estimated fair value and in assessing the prospects for near-term recovery. Considerations used by the Company in the impairment evaluation process include, but are not limited to, the following: • The extent to which estimated fair value is below cost; • Whether the decline in fair value is attributable to specific adverse conditions affecting a particular instrument, its issuer, an industry, or geographic area; • The length of time for which the estimated fair value has been below cost; • Downgrade of a fixed maturity investment by a credit rating agency; • Deterioration of the financial condition of the issuer; • The payment structure of the fixed maturity investment and the likelihood of the issuer being able to make payments in the future; and • Whether dividends have been reduced or eliminated or scheduled interest payments have not been made. If either (a) management has the intent to sell a fixed maturity investment or (b) it is more likely than not the Company will be required to sell a fixed maturity investment before its anticipated recovery, a charge is recorded in net realized investment losses equal to the difference between the fair value and cost or amortized cost basis of the security. If management does not intend to sell the security and it is not more likely than not the Company will be required to sell the fixed maturity investment before recovery of its amortized cost basis, but the present value of the cash flows expected to be collected (discounted at the effective interest rate implicit in the fixed maturity investment prior to impairment) is less than the amortized cost basis of the fixed maturity investment (referred to as the credit loss portion), an OTTI is considered to have occurred. In this instance, total OTTI is bifurcated into two components: the amount related to the credit loss, which is recognized in current period earnings; and the amount attributed to other factors (referred to as the non-credit portion), which is recognized as a separate component in AOCI. The expected cash flows utilized during the impairment evaluation process are determined using judgment and the best information available to the Company including default rates, credit ratings, collateral characteristics, and current levels of subordination. After the recognition of an OTTI, a fixed maturity investment is accounted for as if it had been purchased on the measurement date of the OTTI, with an amortized cost basis equal to the previous amortized cost basis less the OTTI recognized in earnings. The difference between the new amortized cost basis and the future cash flows is accreted into net investment income. The Company continues to estimate the present value of cash flows expected to be collected over the life of the security.
Derivative financial instruments	Derivative financial instruments The Company enters into derivative transactions which include the use of interest rate swaps, interest rate swaptions, cross-currency swaps, foreign currency forwards, U.S. government treasury futures, Eurodollar futures, futures on equity indices, interest rate swap futures, and other forward contracts. The Company uses these derivative instruments to manage various risks, including interest rate and foreign currency exchange rate risk associated with its invested assets and liabilities. Derivative instruments are not used for speculative reasons. Certain of the Company’s over-the-counter (“OTC”) derivatives are cleared and settled through a central clearing counterparty while others are bilateral contracts between the Company and a counterparty. All derivatives, regardless of hedge accounting treatment, are recorded in other assets and other liabilities at fair value. Although some derivatives are executed under a master netting arrangement, the Company does not offset in the consolidated balance sheets the fair value of those derivative instruments and the related cash collateral or net derivative receivables and payables executed with the same counterparty under the same master netting arrangement. At inception of a derivative transaction, the hedge relationship and risk management objective is documented and the designation of the derivative is determined based on specific criteria of the transaction. Accounting for the ongoing changes in the fair value of a derivative depends on the intended use of the derivative. If the derivative is designated as a cash flow hedge, the effective portions of the changes in the fair value of the derivative are recorded in AOCI and are recognized in the consolidated income statements when the hedged item affects earnings. Changes in fair value resulting from foreign currency translations are recorded in either AOCI or net investment income, consistent with where they are recorded on the underlying hedged asset or liability. If the derivative is designated as a fair value hedge, the changes in its fair value and of the fair value of the hedged item attributable to the hedged risk are recognized in earnings in net investment income. Changes in the fair value, including changes resulting from foreign currency translations, of derivatives not qualifying for hedge accounting or where hedge accounting is not elected and the over effective portion of cash flow hedges are recognized in net investment income in the period of the change. Realized foreign currency transactional gains and losses, regardless of hedge accounting treatment, are recorded in net investment income. Termination of derivative contracts prior to expiration generally result in investment gains and losses. Fluctuations in interest rates, foreign currencies, or equity markets may cause the Company to experience volatility in net income. The Company uses forward settling TBA securities to gain exposure to the investment risk and return of agency mortgage-backed securities (pass-throughs). These transactions are utilized to enhance the return of the Company’s investment portfolio and are accounted for as derivative instruments not qualifying for hedge accounting. The Company purchases agency mortgage-backed TBAs yet does not always take physical delivery of a security but rather may roll the security into the next month. The Company generally takes physical delivery of a security before year end. Changes in fair value on open TBA transactions are recorded in net investment income while realized investment gains or losses are recorded once the Company cash settles or accepts physical delivery of a security. As part of its hedging strategy, the Company may enter into certain derivative transactions where a cash investment is made by one party. Certain derivative instruments that contain a financing element at inception and where the Company is deemed to be the borrower are included in financing activities in the consolidated statements of cash flows. The cash flows from all other derivative transactions are included in operating activities. The Company uses derivative financial instruments for risk management purposes associated with certain invested assets and policy liabilities. Derivatives are used to (a) hedge the economic effects of interest rate and stock market movements on the Company’s guaranteed lifetime withdrawal benefit (“GLWB”) liability, (b) hedge the economic effect of a large increase in interest rates on the Company’s general account life insurance, group pension liabilities, and certain separate account life insurance liabilities, (c) hedge the economic risks of other transactions such as future asset acquisitions or dispositions, the timing of liability pricing, currency risks on non-U.S. dollar denominated assets, and (d) convert floating rate assets or debt obligations to fixed rate assets or debt obligations for asset/liability management purposes. The Company controls the credit risk of its derivative contracts through credit approvals, limits, monitoring procedures, and in many cases, requiring collateral. The Company’s exposure is limited to the portion of the fair value of derivative instruments that exceeds the value of the collateral held and not to the notional or contractual amounts of the derivatives. Derivatives in a net asset position may have cash or securities pledged as collateral to the Company in accordance with the collateral support agreements with the counterparty. This collateral is held in a custodial account for the benefit of the Company. Unrestricted cash collateral is included in other assets and the obligation to return it is included in other liabilities. The cash collateral is reinvested in a government money market fund. Cash collateral pledged by the Company is included in other assets.
Fair value	Fair Value Certain assets and liabilities are recorded at fair value on the Company’s consolidated balance sheets. The Company defines fair value as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The Company categorizes its assets and liabilities measured at fair value on a recurring basis into a three-level hierarchy, based on the priority of the inputs to the respective valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The Company’s assets and liabilities recorded at fair value on a recurring basis have been categorized based upon the following fair value hierarchy: • Level 1 inputs utilize observable, quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Financial assets and liabilities utilizing Level 1 inputs include certain money market funds. • Level 2 inputs utilize other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets and inputs other than quoted prices that are observable for the asset or liability, such as interest rates and yield curves that are observable at commonly quoted intervals. The fair values for some Level 2 securities are obtained from pricing services. The inputs used by the pricing services are reviewed at least quarterly or when the pricing vendor issues updates to its pricing methodology. For fixed maturity securities and separate account assets and liabilities, inputs include benchmark yields, reported trades, broker-dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, evaluated bids, offers, and reference data including market research publications. Additional inputs utilized for assets and liabilities classified as Level 2 are: • Asset-backed, residential mortgage-backed, commercial mortgage-backed securities, and collateralized debt obligations - new issue data, monthly payment information, collateral performance, and third party real estate analysis. • U.S. states and their subdivisions - material event notices. • Short-term investments - valued based on amortized cost due to their short term nature and high credit quality of the issuers. • Derivative instruments - trading activity, swap curves, credit spreads, currency volatility, net present value of cash flows, and news sources. • Separate account assets and liabilities - various index data and news sources, amortized cost (which approximates fair value), trading activity, swap curves, credit spreads, recovery rates, restructuring, net present value of cash flows, and quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. • Level 3 inputs are unobservable and include situations where there is little, if any, market activity for the asset or liability. In general, the prices of Level 3 securities are obtained from single broker quotes and internal pricing models. If the broker’s inputs are largely unobservable, the valuation is classified as a Level 3. Broker quotes are validated through an internal analyst review process, which includes validation through known market conditions and other relevant data, as noted below. Internal models are usually cash flow based utilizing characteristics of the underlying collateral of the security such as default rate and other relevant data. Inputs utilized for securities classified as Level 3 are as follows: • Corporate debt securities - unadjusted single broker quotes which may be in an illiquid market or otherwise deemed unobservable. • Asset-backed securities - internal models utilizing asset-backed securities index spreads. • GLWB - internal models utilizing long-term equity and interest rate implied volatility, mortality, and policyholder behavior assumptions, such as benefit utilization and partial withdrawals. The fair value of certain investments in the separate accounts, limited partnerships, and common collective trusts are estimated using net asset value per unit as a practical expedient and are excluded from the fair value hierarchy tables in Notes 8 and 17. These net asset values are based on the fair value of the underlying investments less liabilities. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. Overall, transfers between levels are attributable to a change in the observability of inputs. Assets and liabilities are transferred to a lower level in the hierarchy when a significant input cannot be corroborated with market observable data. This may occur when market activity decreases 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 to a higher level in the hierarchy 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 including recent trades, a specific event, or one or more significant input(s) becoming observable. All transfers between levels are recognized at the beginning of the reporting period in which the transfer occurred. The policies and procedures utilized to review, account for, and report on the value and level of the Company’s securities were determined and implemented by the Finance division. The Investments division is responsible for the processes related to security purchases and sales and provides valuation and leveling input to the Finance division when necessary. Both divisions within the Company have worked in conjunction to establish thorough pricing, review, approval, accounting, and reporting policies and procedures around the securities valuation process. In some instances, securities are priced using external broker quotes. In most cases, when broker quotes are used as pricing inputs, more than one broker quote is obtained. External broker quotes are reviewed internally by comparing the quotes to similar securities in the public market and/or to vendor pricing, if available. Additionally, external broker quotes are compared to market reported trade activity to ascertain whether the price is reasonable, reflective of the current market prices, and takes into account the characteristics of the Company’s securities.
Cash	Cash Cash includes only amounts in demand deposit accounts. Book overdrafts occur when checks have been issued by the Company, but have not been presented to the Company’s disbursement bank accounts for payment. These bank accounts allow the Company to delay funding of the issued checks until they are presented for payment. This delay in funding results in a temporary source of financing. The activity related to book overdrafts is included in the financing activities in the consolidated statement of cash flows. The book overdrafts, in the amounts of $12,850 and $137 , are included in other liabilities at December 31, 2016, and 2015 , respectively.
Internal use software	Internal use software Purchased software costs, as well as certain internal and external costs incurred to develop internal use computer software during the application development stage, are capitalized and amortized using the straight-line method over the software’s estimated useful life up to five years. Capitalized internal use software development costs, net of accumulated amortization, in the amounts of $98,074 and $93,646 , are included in other assets at December 31, 2016, and 2015 , respectively. The Company capitalized $30,420 , $47,895 , and $31,473 of internal use software development costs during the years ended December 31, 2016, 2015, and 2014 , respectively.
DAC and VOBA	DAC and VOBA The Company incurs costs in connection with the acquisition of new and renewal insurance business. Costs that vary directly with and relate to the successful production of new business are deferred as DAC. These costs consist primarily of commissions, costs associated with the Company’s sales representatives, and policy issuance and underwriting expenses related to the production of successfully acquired new business. A success factor is derived from actual contracts issued by the Company from requests for proposals or applications received and applied to the deferrable costs. The recoverability of such costs is dependent upon the future profitability of the related business. Recoverability testing is performed for current issue year products to determine if gross revenues are sufficient to cover DAC and expenses. At least annually, loss recognition testing is performed on aggregated blocks of business to adjust the DAC balance. VOBA represents the estimated fair value of insurance or annuity contracts acquired either directly through the acquisition of another insurance company or through the acquisition of insurance or annuity contracts through assumption reinsurance transactions. DAC and VOBA associated with the annuity products and flexible premium universal life insurance products are being amortized over the life of the contracts in proportion to the emergence of gross profits. Retrospective adjustments of these amounts are made when the Company revises its estimates of current or future gross profits on an annual basis. DAC and VOBA associated with traditional life insurance are amortized over the premium-paying period of the related policies in proportion to premium revenues recognized. DAC and VOBA, for applicable products, are adjusted for the impact of unrealized gains or losses on investments as if these gains or losses had been realized, with corresponding credits or charges included in AOCI.
Goodwill and other intangible assets	Goodwill and other intangible assets Goodwill is the excess of cost over the fair value of assets acquired and liabilities assumed in connection with an acquisition. It is considered an indefinite lived asset and therefore is not amortized. The Company tests goodwill for impairment annually or more frequently if events or circumstances indicate that there may be justification for conducting an interim test. If the carrying value of goodwill exceeds its fair value, the excess is recognized as an impairment and recorded as a charge against net income in the period in which the impairment is identified. Other intangible assets represent the estimated fair value of the portion of the purchase price that was allocated to the value of customer relationships and non-competition intangible asset in various acquisitions. These intangible assets have been assigned values using various methodologies, including present value of projected future cash flows, analysis of similar transactions that have occurred or could be expected to occur in the market and replacement or reproduction cost. The initial valuations of these intangible assets were supported by an independent valuation study commissioned by the Company. Other identified intangible assets with finite lives are amortized over their estimated useful lives, which initially ranged from two to 18 years (weighted average 15 years), primarily based on the cash flows generated by these assets.
Separate accounts	Separate accounts Separate account assets and related liabilities are carried at fair value in the accompanying consolidated balance sheets. The Company issues variable annuity contracts and variable universal life contracts through separate accounts for which investment income and investment gains and losses accrue directly to, and investment risk is borne by, the contract holder and therefore, are not included in the Company’s consolidated statements of income. Revenues to the Company from the separate accounts consist of contract maintenance fees, investment management fees, administrative fees, and mortality and expense risk charges. The Company’s separate accounts invest in shares of Great-West Funds, Inc. (“Great-West Funds”) and Putnam-sponsored mutual funds (“Putnam Funds”), open-end management investment companies, which are affiliates of the Company, and shares of other non-affiliated mutual funds and government and corporate bonds.
Future policy benefits liability	Future policy benefits liabilities Life insurance and annuity future benefits liabilities with life contingencies in the amounts of $16,530,160 and $15,955,510 at December 31, 2016, and 2015 , respectively, are computed on the basis of assumed investment yield, mortality, morbidity, and expenses, including a margin for adverse deviation. These future policy benefits are calculated as the present value of future benefits (including dividends) and expenses less the present value of future net premiums. The assumptions used in calculating the future policy benefits generally vary by plan, year of issue, and policy duration. Additionally, these future policy benefits are established for claims that have been incurred but not reported based on factors derived from past experience. Annuity contract benefits liabilities without life contingencies in the amounts of $12,291,378 and $11,104,721 at December 31, 2016, and 2015 , respectively, are established at the contract holder’s account value, which is equal to cumulative deposits and credited interest, less withdrawals and mortality, and expense and/or administrative service charges. The Company’s general account also has some immediate annuities. Future benefits for immediate annuities without life contingent payouts are computed on the basis of assumed investment yield and expenses.
Minimum guarantees	Minimum guarantees The Company calculates additional liabilities for certain variable annuity guaranteed death benefits. The additional reserve for such products recognizes the portion of contract assessments received to compensate the Company for death benefits. Reserves for annuity guaranteed minimum death benefits (“GMDB”) are determined by estimating the present value of expected benefits in excess of the projected account balance. Expected experience is based on a range of inputs and scenarios. The assumptions of investment performance and volatility are consistent with the historical experience of the appropriate underlying equity index, such as the Standard & Poor’s (“S&P”) 500 Index. The Company also offers GLWB through a variable annuity or a contingent deferred annuity. The GLWB is deemed to be an embedded derivative. The GLWB is recorded at fair value within future policy benefits on the consolidated balance sheets. Changes in fair value of GLWB are recorded in net investment income in the consolidated statements of income.
Reinsurance	Reinsurance In the normal course of its business, the Company seeks to limit its exposure to loss on any single insured and to recover a portion of benefits paid by ceding risks to other insurance enterprises under excess coverage, quota share, yearly renewable term, coinsurance, and modified coinsurance contracts. The Company also assumes risk by participating in yearly renewable term and coinsurance agreements. For each of its reinsurance agreements, the Company determines if the agreement provides indemnification against loss or liability relating to insurance risk in accordance with applicable accounting standards. If the Company determines that a reinsurance agreement does not provide indemnification against loss or liability relating to insurance risk, the Company records the agreement using the deposit method of accounting. The Company reviews all contractual features, particularly those that may limit the amount of insurance risk to which the reinsurer is subject or features that delay the timely reimbursement of claims. Policy benefits, and policy and contract claims ceded to (assumed from) other insurance companies, are carried as a reinsurance recoverable (payable) in the accompanying consolidated balance sheets. Premiums, fee income, and policyholder benefits are reported net of reinsurance ceded (assumed) in the accompanying consolidated statements of income. The cost of reinsurance related to long duration contracts is accounted for over the life of the underlying reinsured policies using assumptions consistent with those used to account for the underlying policies. The Company strives to cede risks to highly rated, well-capitalized reinsurers. The Company monitors and evaluates the financial condition of reinsurers to minimize exposure to credit risk.
Policy and contract claims	Policy and contract claims Policy and contract claims include provisions for claims incurred but not reported and claims in the process of settlement. The provision for claims incurred but not reported is valued based primarily on the Company’s prior experience. Claims in the process of settlement are valued in accordance with the terms of the related policies and contracts.
Participating business	Participating business The Company has participating policies in which the policyholder shares in the Company’s earnings through policyholder dividends that reflect the difference between the assumptions used in the premium charged and the actual experience on those policies. The amount of dividends to be paid is determined by the Board of Directors. Participating life and annuity policy benefit liabilities were $6,844,640 and $6,890,616 at December 31, 2016, and 2015 , respectively. Participating business composed approximately 10% and 10% of the Company’s individual life insurance in-force at December 31, 2016, and 2015 , respectively, and 18% , 20% , and 21% of individual life insurance premium income for the years ended December 31, 2016, 2015, and 2014 , respectively. The policyholder’s share of net income on participating policies that cannot be distributed to the Company’s stockholder is excluded from stockholder’s equity and recorded as undistributed earnings on participating business in the consolidated balance sheet.
Revenue recognition	Revenue recognition Life insurance premiums are recognized when due. Annuity contract premiums with life contingencies are recognized as received. Revenues for annuity and other contracts without significant life contingencies consist of contract charges for the cost of insurance, and contract administration and surrender fees that have been assessed against the contract account balance during the period and are recognized when earned in fee income. Fees from assets under management, assets under administration, shareholder servicing, mortality and expense risk charges, administration and recordkeeping services, and investment advisory services are recognized when earned in fee income.
Net investment income	Net investment income Interest income from fixed maturities, mortgage loans on real estate, and policy loans is recognized when earned.
Realized investment gains (losses)	Realized investment gains (losses) Realized investment gains and losses are reported as a component of revenues and are determined on a specific identification basis. Realized investment gains and losses also result from the termination of derivative contracts prior to expiration that are not designated as hedges for accounting purposes and certain fair-value hedge relationships.
Benefits and expenses	Benefits and expenses Benefits and expenses on policies with life contingencies are associated with earned premiums so as to result in recognition of profits over the life of the contracts
Income taxes	Income taxes Income taxes are recorded using the asset and liability method in which deferred tax assets and liabilities are recorded for expected future tax consequences of events that have been recognized in either the Company’s consolidated financial statements or consolidated tax returns. In estimating future tax consequences, all expected future events, other than enactments or changes in the tax laws or rules, are considered. A valuation allowance is provided to the extent that it is more likely than not that deferred tax assets will not be realized. Although realization is not assured, management believes it is more likely than not that the deferred tax asset will be realized. The effect on deferred taxes from a change in tax rates is recognized in income in the period that includes the enactment date.

Acquisition (Tables)

Acquisition (Tables)	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Business Acquisition, Pro Forma Information	RPS contributed revenue and net income (loss), included in the consolidated statements of income, as follows: Year Ended December 31, 2015 2014 Revenue $ 182,759 $ 54,267 Net loss (944 ) (3,416 )

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Schedule of related party amounts included in the consolidated balance sheets in connection with the reinsurance agreements	Included in the consolidated balance sheets are the following amounts related to reinsurance ceded to and assumed from related parties: December 31, 2016 2015 Reinsurance recoverable $ 522,950 $ 530,213 Future policy benefits 1,608,884 1,724,797
Schedule of related party amounts included in the consolidated statements of income in connection with the reinsurance agreements	Included in the consolidated statements of income are the following related party amounts: Year Ended December 31, 2016 2015 2014 Premium income, net of related party premiums ceded of $17,774, $15,731, and $13,901 $ 66,928 $ 68,722 $ 71,453 Life and other policy benefits, net of reinsurance recoveries of $8,862, $6,494, and $4,594 189,125 193,215 209,102 Decrease in future policy benefits (88,639 ) (52,842 ) (46,915 )
Schedule of revenue, expenses incurred and expense reimbursement from related parties for services provided	The following table presents revenue, expenses incurred and expense reimbursement from related parties for services provided and/or received pursuant to these service agreements. These amounts, in accordance with the terms of the contracts, are based upon market price, estimated costs incurred or resources expended as determined by number of policies, number of participants, certificates in-force, administered assets, or other similar drivers. Year Ended December 31, Financial statement line Description Related party 2016 2015 2014 Receives corporate support services CLAC (1) , Great-West Life (1) , Great West Global (3) , and Putnam (2) $ 18,763 $ 12,609 $ 4,053 General insurance expense Provides recordkeeping services CLAC (1) and Putnam (2) 245 377 13,956 Fee income Provides shareholder services Putnam (2) 15,852 5,531 — Fee income Receives reimbursement from tax sharing indemnification related to state and local tax liabilities Putnam (2) 12,261 13,563 7,506 Other revenue Provides advisory, trustee, recordkeeping and administrative services Great-West Funds, Inc. and Collective Income Trusts (4) 140,455 138,936 126,726 Fee income (1) An indirect wholly-owned subsidiary of Lifeco (2) A wholly-owned subsidiary of Lifeco U.S. (3) An indirect wholly-owned subsidiary of Lifeco U.S. (4) Great-West Capital Management, LLC, a subsidiary of the Company, serves as a Registered Investment Advisor to Great-West Funds, Inc., an affiliated open-end management investment company, and to Great-West Trust Company, LLC, an affiliated trust company. Great-West Trust Company, LLC, serves as trustee to several collective investment trusts. The Company provides Great-West Funds, Inc. recordkeeping and administrative services to shareholders and account owners.
Schedule of amounts due from parent and affiliates	The following table summarizes amounts due from parent and affiliates: December 31, Related party Indebtedness Due date 2016 2015 GWL&A Financial On account On demand $ 45,190 $ 38,864 Lifeco U.S. On account On demand 34,992 11,783 Other related party receivables On account On demand 1,813 11,949 Total $ 81,995 $ 62,596
Schedule of amounts due to parent and affiliates	The following table summarizes amounts due to parent and affiliates: December 31, Related party Indebtedness Due date 2016 2015 GWL&A Financial (1) Surplus note November 2034 $ 194,502 $ 194,474 GWL&A Financial (2) Surplus note May 2046 333,400 333,400 GWL&A Financial Note interest May 2017 3,190 4,701 Other related party payables On account On demand 6,898 7,735 Total $ 537,990 $ 540,310 (1) A note payable to GWL&A Financial was issued as a surplus note on November 15, 2004 , with a face amount of $195,000 and carrying amounts of $194,502 and $ 194,474 at December 31, 2016, and 2015 , respectively. The surplus note bears interest at the rate of 6.675% per annum, payable in arrears each May and November. The note matures on November 15, 2034 . (2) A note payable to GWL&A Financial was issued as a surplus note on May 19, 2006 , with a face amount and carrying amount of $333,400 . The surplus note bears an interest rate of 2.588% plus the then-current three-month London Interbank Offering Rate (“LIBOR”) . The surplus note became redeemable by the Company at the principal amount plus any accrued and unpaid interest after May 16, 2016 . The note matures on May 16, 2046.

Summary of Investments (Tables)

Summary of Investments (Tables)	12 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Summary of fixed maturity investments classified as available-for-sale and the non-credit related components of OTTI in AOCI	The following tables summarize fixed maturity investments classified as available-for-sale and the non-credit-related component of OTTI in AOCI: December 31, 2016 Amortized Gross unrealized Gross unrealized Estimated fair value OTTI (gain) loss Fixed maturities: cost gains losses and carrying value included in AOCI (1) U.S. government direct obligations and U.S. agencies $ 3,022,279 $ 47,791 $ 34,958 $ 3,035,112 $ — Obligations of U.S. states and their subdivisions 1,890,568 214,411 6,317 2,098,662 — Corporate debt securities (2) 13,811,597 477,316 309,164 13,979,749 (1,488 ) Asset-backed securities 1,226,493 104,274 18,388 1,312,379 (72,464 ) Residential mortgage-backed securities 138,292 3,867 1,167 140,992 23 Commercial mortgage-backed securities 1,222,257 23,207 20,182 1,225,282 — Collateralized debt obligations 361,241 339 53 361,527 — Total fixed maturities $ 21,672,727 $ 871,205 $ 390,229 $ 22,153,703 $ (73,929 ) (1) Indicates the amount of any OTTI (gain) loss included in AOCI that is included in gross unrealized gains and losses. OTTI (gain) loss included in AOCI, as presented above, includes both the initial recognition of non-credit losses and the effects of subsequent increases and decreases in estimated fair value for those fixed maturity securities with previous non-credit impairment. The non-credit loss component of OTTI (gain) loss was in an unrealized gain position due to increases in estimated fair value subsequent to initial recognition of non-credit losses on such securities. (2) Includes perpetual debt investments with amortized cost of $135,187 and estimated fair value of $113,239 . December 31, 2015 Amortized Gross unrealized Gross unrealized Estimated fair value OTTI (gain) loss Fixed maturities: cost gains losses and carrying value included in AOCI (1) U.S. government direct obligations and U.S. agencies $ 3,291,167 $ 55,193 $ 4,608 $ 3,341,752 $ — Obligations of U.S. states and their subdivisions 1,988,214 238,862 7,903 2,219,173 50 Foreign government securities 2,291 — 5 2,286 — Corporate debt securities (2) 12,388,886 437,207 320,381 12,505,712 (1,810 ) Asset-backed securities 1,196,326 128,406 13,362 1,311,370 (86,474 ) Residential mortgage-backed securities 122,146 4,734 1,508 125,372 (123 ) Commercial mortgage-backed securities 1,009,320 19,117 11,529 1,016,908 — Collateralized debt obligations 9,112 — 58 9,054 — Total fixed maturities $ 20,007,462 $ 883,519 $ 359,354 $ 20,531,627 $ (88,357 ) (1) Indicates the amount of any OTTI (gain) loss included in AOCI that is included in gross unrealized gains and losses. OTTI (gain) loss included in AOCI, as presented above, includes both the initial recognition of non-credit losses and the effects of subsequent increases and decreases in estimated fair value for those fixed maturity securities with previous non-credit impairment. The non-credit loss component of OTTI (gain) loss was in an unrealized gain position due to increases in estimated fair value subsequent to initial recognition of non-credit losses on such securities. (2) Includes perpetual debt investments with amortized cost of $149,062 and estimated fair value of $116,423 .
Schedule of amortized cost and estimated fair value of fixed maturity investments classified as available-for-sale	The amortized cost and estimated fair value of fixed maturity investments classified as available-for-sale, based on estimated cash flows, are shown in the table below. Actual maturities will likely differ from these projections because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. December 31, 2016 Amortized cost Estimated fair value Maturing in one year or less $ 668,305 $ 690,369 Maturing after one year through five years 3,741,043 3,917,479 Maturing after five years through ten years 6,570,148 6,650,854 Maturing after ten years 5,088,280 5,208,071 Mortgage-backed and asset-backed securities 5,604,951 5,686,930 Total fixed maturities $ 21,672,727 $ 22,153,703
Summary of information regarding the sales of securities classified as available-for-sale	The following table summarizes information regarding the sales of securities classified as available-for-sale: Year Ended December 31, 2016 2015 2014 Proceeds from sales $ 4,541,303 $ 4,187,547 $ 2,705,999 Gross realized gains from sales 84,305 47,965 47,852 Gross realized losses from sales 16,858 6,476 1,229
Schedule of the carrying value of the mortgage loan portfolio by component	Mortgage loans on real estate - The following table summarizes the carrying value of the mortgage loan portfolio by component: December 31, 2016 December 31, 2015 Principal $ 3,558,863 $ 3,242,627 Unamortized premium (discount) and fees, net 5,541 7,967 Foreign exchange translation (2,696 ) — Mortgage provision allowance (2,882 ) (2,890 ) Total mortgage loans $ 3,558,826 $ 3,247,704
Financing Receivable Credit Quality Indicators [Table Text Block]	The following table summarizes the recorded investment of the mortgage loan portfolio by risk assessment category as of December 31, 2016 , and 2015 , respectively. December 31, 2016 December 31, 2015 Performing $ 3,560,243 $ 3,249,129 Non-performing 1,465 1,465 Total $ 3,561,708 $ 3,250,594
Summary of activity in the mortgage provision allowance	The following table summarizes activity in the mortgage provision allowance: Year Ended December 31, 2016 2015 2014 Commercial mortgages Commercial mortgages Commercial mortgages Beginning balance $ 2,890 $ 2,890 $ 2,890 Provision increases 536 — — Provision decreases (544 ) — — Ending balance $ 2,882 $ 2,890 $ 2,890 Allowance ending balance by basis of impairment method: Individually evaluated for impairment $ 536 $ — $ — Collectively evaluated for impairment 2,346 2,890 2,890 Recorded investment balance in the mortgage loan portfolio, gross of allowance, by basis of impairment method: $ 3,561,708 $ 3,250,594 $ 3,366,460 Individually evaluated for impairment 1,465 14,031 12,986 Collectively evaluated for impairment 3,560,243 3,236,563 3,353,474
Schedule of unrealized investment losses, including the non-credit-related portion of OTTI losses reported in AOCI, by class of investment	Unrealized losses on fixed maturity investments classified as available-for-sale - The following tables summarize unrealized investment losses, including the non-credit-related portion of OTTI losses reported in AOCI, by class of investment: December 31, 2016 Less than twelve months Twelve months or longer Total Estimated Unrealized Estimated Unrealized Estimated Unrealized Fixed maturities: fair value loss and OTTI fair value loss and OTTI fair value loss and OTTI U.S. government direct obligations and U.S. agencies $ 2,006,588 $ 34,752 $ 10,526 $ 206 $ 2,017,114 $ 34,958 Obligations of U.S. states and their subdivisions 216,154 5,922 10,498 395 226,652 6,317 Corporate debt securities 4,119,630 170,453 860,153 138,711 4,979,783 309,164 Asset-backed securities 316,065 6,971 230,331 11,417 546,396 18,388 Residential mortgage-backed securities 16,962 102 14,297 1,065 31,259 1,167 Commercial mortgage-backed securities 592,508 17,535 26,068 2,647 618,576 20,182 Collateralized debt obligations 160,612 53 — — 160,612 53 Total fixed maturities $ 7,428,519 $ 235,788 $ 1,151,873 $ 154,441 $ 8,580,392 $ 390,229 Total number of securities in an unrealized loss position 610 128 738 December 31, 2015 Less than twelve months Twelve months or longer Total Estimated Unrealized Estimated Unrealized Estimated Unrealized Fixed maturities: fair value loss and OTTI fair value loss and OTTI fair value loss and OTTI U.S. government direct obligations and U.S. agencies $ 1,357,822 $ 4,101 $ 23,604 $ 507 $ 1,381,426 $ 4,608 Obligations of U.S. states and their subdivisions 267,581 7,903 — — 267,581 7,903 Foreign government securities 2,286 5 — — 2,286 5 Corporate debt securities 4,412,965 202,874 552,791 117,507 4,965,756 320,381 Asset-backed securities 247,082 4,372 182,404 8,990 429,486 13,362 Residential mortgage-backed securities — — 18,625 1,508 18,625 1,508 Commercial mortgage-backed securities 429,175 11,154 44,498 375 473,673 11,529 Collateralized debt obligations 9,054 58 — — 9,054 58 Total fixed maturities $ 6,725,965 $ 230,467 $ 821,922 $ 128,887 $ 7,547,887 $ 359,354 Total number of securities in an unrealized loss position 558 106 664
Schedule of OTTI of fixed maturity securities where loss portion is bifurcated and the credit related component recognized in realized investment gains (losses)	Other-than-temporary impairment recognition - The OTTI on fixed maturity securities where the loss portion is bifurcated and the credit related component is recognized in realized investment gains (losses) is summarized as follows: Year Ended December 31, 2016 2015 2014 Beginning balance $ 102,343 $ 119,532 $ 167,961 Initial impairments - credit loss on securities not previously impaired — 759 — Reductions: Due to sales, maturities, or payoffs during the period (1,785 ) (559 ) (646 ) Due to increases in cash flows expected to be collected that are recognized over the remaining life of the security (16,893 ) (17,389 ) (47,783 ) Ending balance $ 83,665 $ 102,343 $ 119,532
Summary of net investment income	The following table summarizes net investment income: Year Ended December 31, 2016 2015 2014 Investment income: Fixed maturity and short-term investments $ 819,047 $ 796,133 $ 816,907 Mortgage loans on real estate 142,478 150,284 149,497 Policy loans 199,737 206,081 207,013 Limited partnership interests 1,759 10,462 9,128 Net interest on funds withheld balances under reinsurance agreements, related party 22,045 22,165 21,295 Derivative instruments (1) 100,007 78,655 39,533 Other 10,468 9,228 5,008 1,295,541 1,273,008 1,248,381 Investment expenses (18,982 ) (18,578 ) (19,993 ) Net investment income $ 1,276,559 $ 1,254,430 $ 1,228,388 (1) Includes gains (losses) on the hedged asset for fair value hedges.
Summary of realized investment gains (losses)	The following table summarizes realized investment gains (losses): Year Ended December 31, 2016 2015 2014 Realized investment gains (losses): Fixed maturity and short-term investments $ 87,108 $ 46,027 $ 54,219 Derivative instruments (5,318 ) 5,840 90,504 Mortgage loans on real estate 10,972 31,841 6,857 Other 120 2 (4,209 ) Realized investment gains (losses) $ 92,882 $ 83,710 $ 147,371

Derivative Financial Instrume36

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of derivative financial instruments	The following tables summarize the notional amount and fair value of derivative financial instruments, excluding embedded derivatives: December 31, 2016 Net derivatives Asset derivatives Liability derivatives Notional amount Fair value Fair value (1) Fair value (1) Hedge designation/derivative type: Derivatives designated as hedges: Cash flow hedges: Interest rate swaps $ 419,800 $ 33,390 $ 33,390 $ — Cross-currency swaps 614,208 45,347 53,641 8,294 Total cash flow hedges 1,034,008 78,737 87,031 8,294 Total derivatives designated as hedges 1,034,008 78,737 87,031 8,294 Derivatives not designated as hedges: Interest rate swaps 468,100 (4,358 ) 8,982 13,340 Futures on equity indices 34,422 — — — Interest rate futures 81,500 — — — Interest rate swaptions 165,534 354 354 — Cross-currency swaps 612,733 33,371 50,018 16,647 Total derivatives not designated as hedges 1,362,289 29,367 59,354 29,987 Total derivative financial instruments $ 2,396,297 $ 108,104 $ 146,385 $ 38,281 (1) The estimated fair value excludes accrued income and expense. The estimated fair value of all derivatives in an asset position is reported within other assets and the estimated fair value of all derivatives in a liability position is reported within other liabilities in the consolidated balance sheets. December 31, 2015 Net derivatives Asset derivatives Liability derivatives Notional amount Fair value Fair value (1) Fair value (1) Hedge designation/derivative type: Derivatives designated as hedges: Cash flow hedges: Interest rate swaps $ 143,800 $ 11,843 $ 11,843 $ — Cross-currency swaps 380,873 28,714 28,736 22 Total cash flow hedges 524,673 40,557 40,579 22 Total derivatives designated as hedges 524,673 40,557 40,579 22 Derivatives not designated as hedges: Interest rate swaps 303,600 3,240 8,295 5,055 Futures on equity indices 29,310 — — — Interest rate futures 117,200 — — — Interest rate swaptions 151,204 189 189 — Cross-currency swaps 662,935 (51,759 ) 19,537 71,296 Total derivatives not designated as hedges 1,264,249 (48,330 ) 28,021 76,351 Total derivative financial instruments $ 1,788,922 $ (7,773 ) $ 68,600 $ 76,373 (1) The estimated fair value excludes accrued income and expense. The estimated fair value of all derivatives in an asset position is reported within other assets and the estimated fair value of all derivatives in a liability position is reported within other liabilities in the consolidated balance sheets.
Schedule of the effect of derivative instruments in the consolidated statement of income reported by cash flow hedges, fair value hedges and economic hedges	The following tables present the effect of derivative instruments in the consolidated statements of income reported by cash flow hedges, fair value hedges, and economic hedges, excluding embedded derivatives: Gain (loss) recognized in OCI on derivatives (Effective portion) Gain (loss) reclassified from OCI into net income (Effective portion) Year Ended December 31, Year Ended December 31, 2016 2015 2014 2016 2015 2014 Cash flow hedges: Interest rate swaps $ 810 $ 2,228 $ 9,096 $ 5,437 $ 6,779 $ 7,462 (A) Interest rate swaps — — — — 3,634 — (B) Interest rate swaps 21,228 — — (2,657 ) — — (C) Cross-currency swaps 22,738 28,833 11,041 8,469 2,101 1,030 (A) Cross-currency swaps — — — — — (154 ) (B) Interest rate futures — — — — (134 ) 70 (A) Total cash flow hedges $ 44,776 $ 31,061 $ 20,137 $ 11,249 $ 12,380 $ 8,408 (A) Net investment income. (B) Represents realized gains (losses) on closed positions recorded in realized investment gains (losses), net. (C) Interest expense. Gain (loss) on derivatives recognized in net income Gain (loss) on hedged assets recognized in net income Year Ended December 31, Year Ended December 31, 2016 2015 2014 2016 2015 2014 Fair value hedges: Interest rate swaps $ — $ (1,507 ) $ (3,444 ) (A) $ — $ — $ — Interest rate swaps — 773 — (B) — — — Items hedged in interest rate swaps — — — — 1,511 3,439 (A) Items hedged in interest rate swaps — — — — (773 ) — (B) Total fair value hedges $ — $ (734 ) $ (3,444 ) $ — $ 738 $ 3,439 (A) Net investment income. (B) Represents realized gains (losses) on closed positions recorded in realized investment gains (losses), net. Gain (loss) on derivatives recognized in net income Year Ended December 31, 2016 2015 2014 Derivatives not designated as hedging instruments: Futures on equity indices $ 817 (A) $ (284 ) (A) $ (41 ) (A) Futures on equity indices (7,930 ) (B) (527 ) (B) (534 ) (B) Interest rate swaps (4,541 ) (A) (1,094 ) (A) 6,508 (A) Interest rate futures (57 ) (A) (65 ) (A) (51 ) (A) Interest rate futures (164 ) (B) 1 (B) 305 (B) Interest rate swaptions 302 (A) 2,868 (A) 2,424 (A) Interest rate swaptions (313 ) (B) (3,115 ) (B) (3,578 ) (B) Currency forwards 111 (A) — (A) — (A) Other forward contracts 4,690 (B) 5,074 (B) 94,465 (B) Cross-currency swaps 85,746 (A) 69,819 (A) 24,588 (A) Cross-currency swaps (1,601 ) (B) — (B) — (B) Total derivatives not designated as hedging instruments $ 77,060 $ 72,677 $ 124,086 (A) Net investment income. (B) Represents realized gains (losses) on closed positions recorded in realized investment gains (losses), net.

Summary of Offsetting Assets 37

Summary of Offsetting Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2016
Offsetting [Abstract]
Summary of the Company's financial instruments that are subject to master netting arrangements	The following tables summarize the effect of master netting arrangements on the Company’s financial position in the normal course of business and in the event of default or bankruptcy of the Company’s counterparties: December 31, 2016 Gross fair value not offset in balance sheets Gross fair value of Financial Cash collateral Net Financial instruments: recognized assets/liabilities (1) instruments received/(pledged) fair value Derivative instruments (assets) (2) $ 119,862 $ (26,254 ) $ 92,756 $ 852 Derivative instruments (liabilities) (3) 26,254 (26,254 ) — — December 31, 2015 Gross fair value not offset in balance sheets Gross fair value of Financial Cash collateral Net Financial instruments: recognized assets/liabilities (1) instruments received/(pledged) fair value Derivative instruments (assets) (2) $ 66,435 $ (38,236 ) $ 19,060 $ 9,139 Derivative instruments (liabilities) (3) 76,107 (38,236 ) (37,871 ) — (1) The gross fair value of derivative instruments is not netted against offsetting liabilities for presentation on the consolidated balance sheets. (2) The estimated fair value of derivative instrument assets is reported in other assets in the consolidated balance sheets. Derivative transactions entered into under ISDA master agreements include income and expense accruals. (3) The estimated fair value of derivative instrument liabilities is reported in other liabilities in the consolidated balance sheets. Derivative transactions entered into under ISDA master agreements include income and expense accruals.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Schedule of financial assets and liabilities carried at fair value on a recurring basis	The following tables present the Company’s financial assets and liabilities carried at fair value on a recurring basis by fair value hierarchy category: Assets and liabilities measured at fair value on a recurring basis December 31, 2016 Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Total Assets Fixed maturities available-for-sale: U.S. government direct obligations and U.S. agencies $ — $ 3,035,112 $ — $ 3,035,112 Obligations of U.S. states and their subdivisions — 2,098,662 — 2,098,662 Corporate debt securities — 13,968,110 11,639 13,979,749 Asset-backed securities — 1,312,379 — 1,312,379 Residential mortgage-backed securities — 140,992 — 140,992 Commercial mortgage-backed securities — 1,225,282 — 1,225,282 Collateralized debt obligations — 361,527 — 361,527 Total fixed maturities available-for-sale — 22,142,064 11,639 22,153,703 Fixed maturities held-for-trading: U.S. government direct obligations and U.S. agencies — 458,067 — 458,067 Corporate debt securities — 55,591 — 55,591 Commercial mortgage-backed securities — 1,080 — 1,080 Total fixed maturities held-for-trading — 514,738 — 514,738 Short-term investments 267,851 36,137 — 303,988 Collateral under derivative counterparty collateral agreements 103,214 — — 103,214 Derivative instruments designated as hedges: Interest rate swaps — 33,390 — 33,390 Cross-currency swaps — 53,641 — 53,641 Derivative instruments not designated as hedges: Interest rate swaps — 8,982 — 8,982 Interest rate swaptions — 354 — 354 Cross-currency swaps — 50,018 — 50,018 Total derivative instruments — 146,385 — 146,385 Separate account assets (1) 15,407,992 11,199,924 — 27,037,765 Total assets $ 15,779,057 $ 34,039,248 $ 11,639 $ 50,259,793 Liabilities Collateral under derivative counterparty collateral agreements $ 103,214 $ — $ — $ 103,214 Derivative instruments designated as hedges: Cross-currency swaps — 8,294 — 8,294 Derivative instruments not designated as hedges: Interest rate swaps — 13,340 — 13,340 Cross-currency swaps — 16,647 — 16,647 Total derivative instruments — 38,281 — 38,281 Embedded derivatives - GLWB — — 5,712 5,712 Separate account liabilities (2) 55 336,468 — 336,523 Total liabilities $ 103,269 $ 374,749 $ 5,712 $ 483,730 (1) Included in the total fair value amount are $430 million of investments as of December 31, 2016 for which the fair value is estimated using net asset value per unit as a practical expedient which are excluded from the disclosure requirement to classify amounts in the fair value hierarchy in connection with the adoption of ASU 2015-07. (2) Includes only separate account instruments which are carried at the fair value of the underlying liabilities owned by the separate accounts. Assets and liabilities measured at fair value on a recurring basis December 31, 2015 Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Total Assets Fixed maturities available-for-sale: U.S. government direct obligations and U.S. agencies $ — $ 3,341,752 $ — $ 3,341,752 Obligations of U.S. states and their subdivisions — 2,219,173 — 2,219,173 Foreign government securities — 2,286 — 2,286 Corporate debt securities — 12,501,174 4,538 12,505,712 Asset-backed securities — 1,311,370 — 1,311,370 Residential mortgage-backed securities — 125,372 — 125,372 Commercial mortgage-backed securities — 1,016,908 — 1,016,908 Collateralized debt obligations — 9,054 — 9,054 Total fixed maturities available-for-sale — 20,527,089 4,538 20,531,627 Fixed maturities held-for-trading: U.S. government direct obligations and U.S. agencies — 558,208 — 558,208 Corporate debt securities — 56,566 — 56,566 Commercial mortgage-backed securities — 1,065 — 1,065 Total fixed maturities held-for-trading — 615,839 — 615,839 Short-term investments 132,288 134,738 — 267,026 Collateral under derivative counterparty collateral agreements 69,984 — — 69,984 Derivative instruments designated as hedges: Interest rate swaps — 11,843 — 11,843 Cross-currency swaps — 28,736 — 28,736 Derivative instruments not designated as hedges: Interest rate swaps — 8,295 — 8,295 Interest rate swaptions — 189 — 189 Cross-currency swaps — 19,537 — 19,537 Total derivative instruments — 68,600 — 68,600 Separate account assets (1) 15,249,966 10,847,266 — 26,631,193 Total assets $ 15,452,238 $ 32,193,532 $ 4,538 $ 48,184,269 Liabilities Collateral under derivative counterparty collateral agreements 19,060 — — 19,060 Derivative instruments designated as hedges: Cross-currency swaps — 22 — 22 Derivative instruments not designated as hedges: Interest rate swaps — 5,055 — 5,055 Cross-currency swaps — 71,296 — 71,296 Total derivative instruments — 76,373 — 76,373 Embedded derivatives - GLWB — — 11,257 11,257 Separate account liabilities (2) 24 290,293 — 290,317 Total liabilities $ 19,084 $ 366,666 $ 11,257 $ 397,007 (1) Included in the total fair value amount are $534 million of investments as of December 31, 2015 for which the fair value is estimated using net asset value per unit as a practical expedient which are excluded from the disclosure requirement to classify amounts in the fair value hierarchy in connection with the adoption of ASU 2015-07. (2) Includes only separate account instruments which are carried at the fair value of the underlying liabilities owned by the separate accounts.
Schedule of assets and liabilities measured at fair value on a recurring basis, for which Level 3 inputs are utilized to determine fair value	The following tables present additional information about assets and liabilities measured at fair value on a recurring basis and for which the Company has utilized Level 3 inputs to determine fair value: Recurring Level 3 financial assets and liabilities Year Ended December 31, 2016 Assets Liabilities Fixed maturities available-for-sale Corporate debt securities Embedded derivatives - GLWB Balances, January 1, 2016 $ 4,538 $ 11,257 Realized and unrealized gains (losses) included in: Net Income — (5,545 ) Other comprehensive income (loss) 273 — Settlements (1,478 ) — Transfers into Level 3 (1) 11,236 — Transfers out of Level 3 (2) (2,930 ) $ — Balances, December 31, 2016 $ 11,639 $ 5,712 Total gains (losses) for the period included in net income attributable to the change in unrealized gains and losses relating to assets held at December 31, 2016 $ — $ (5,545 ) (1) Transfers into Level 3 are due primarily to decreased observability of inputs in valuation methodologies. (2) Transfers out of Level 3 are due primarily to increased observability of inputs in valuation methodologies as evidenced by corroboration of market prices with multiple pricing vendors and internal models. Recurring Level 3 financial assets and liabilities Year Ended December 31, 2015 Assets Liabilities Fixed maturities available-for-sale Embedded derivatives - GLWB Corporate debt securities Asset-backed securities Total Balances, January 1, 2015 $ 5,842 $ 36 $ 5,878 $ — Realized and unrealized gains (losses) included in: Net Income — — — 11,257 Other comprehensive income (loss) (178 ) — (178 ) — Settlements (1,126 ) — (1,126 ) — Transfers out of Level 3 (1) — (36 ) (36 ) $ — Balances, December 31, 2015 $ 4,538 $ — $ 4,538 $ 11,257 Total gains (losses) for the period included in net income attributable to the change in unrealized gains and losses relating to assets held at December 31, 2015 $ — $ — $ — $ 11,257 (1) Transfers out of Level 3 are due primarily to increased observability of inputs in valuation methodologies as evidenced by corroboration of market prices with multiple pricing vendors and internal models. Recurring Level 3 financial assets and liabilities Year Ended December 31, 2014 Fixed maturities available-for-sale Corporate Asset-backed Collateralized debt securities securities debt obligations Total January 1, 2014 $ 6,652 $ 252,958 $ 32 $ 259,642 Realized and unrealized gains (losses) included in: Net Income — — (17 ) (17 ) Other Comprehensive income (loss) (178 ) — (15 ) (193 ) Settlements (632 ) (19 ) — (651 ) Transfers out of Level 3 (1) — (252,903 ) — (252,903 ) Balances, December 31, 2014 $ 5,842 $ 36 $ — $ 5,878 Total gains (losses) for the period included in net income attributable to the change in unrealized gains and losses relating to assets held at December 31, 2014 $ — $ — $ — $ — (1) Transfers out of Level 3 are due primarily to increased observability of inputs in valuation methodologies as evidenced by corroboration of market prices with multiple pricing vendors and internal models.
Schedule of significant unobservable inputs used during the valuation of assets categorized within Level 3 of the recurring fair value measurements table	The following table presents significant unobservable inputs used during the valuation of certain assets categorized within Level 3 of the recurring fair value measurements table: Valuation Technique Unobservable Input Range December 31, 2016 December 31, 2015 Embedded derivatives - GLWB Risk neutral stochastic valuation methodology Equity volatility 15% - 30% 15% - 28% Swap curve 0.75% - 3.00% 0.75% - 3.00% Mortality rate Based on the Annuity 2000 Mortality Table Based on the Annuity 2000 Mortality Table Lapse rate 1% - 15% 1% - 15%
Summary of the carrying amounts and estimated fair values of financial instruments not carried at fair value on a recurring basis	The following tables summarize the carrying amounts and estimated fair values of the Company’s financial instruments and investments not carried at fair value on a recurring basis: December 31, 2016 December 31, 2015 Carrying Estimated Carrying Estimated amount fair value amount fair value Assets Mortgage loans on real estate $ 3,558,826 $ 3,574,240 $ 3,247,704 $ 3,362,496 Policy loans 4,019,648 4,019,648 4,092,661 4,092,661 Limited partnership interests 29,345 29,822 35,039 34,882 Other investments 14,382 44,687 14,596 44,723 Liabilities Annuity contract benefits without life contingencies $ 12,291,378 $ 12,129,631 $ 11,104,721 $ 10,839,205 Policyholders’ funds 285,554 285,554 299,577 299,577 Commercial paper 99,049 99,049 93,371 93,371 Notes payable 531,092 495,004 532,575 563,633

Minimum Guarantees (Tables)

Minimum Guarantees (Tables)	12 Months Ended
	Dec. 31, 2016
Insurance [Abstract]
Schedule of Minimum Guaranteed Benefit Liabilities	The following assumptions and methodology were used to determine GMDB additional reserves at December 31, 2016, and 2015 . Area Assumptions/Basis for Assumptions Data Used Based on 1,050 investment performance scenarios Mean Investment Performance Equity: 7% - 13% Volatility Equity: 10% - 35% Fixed, Bond, Money Market Fund: 0% - 9% Mortality Based on the 1994 VA MGDB Mortality Table Lapse Rates Lapse Rates vary by duration and surrender charge Discount Rates 5% The assumptions and techniques for valuing the GLWB reserve is disclosed within Note 8 and are identical to those used for valuing the GLWB embedded derivative. The paid and incurred amounts for GMDB and GLWB for the years ended December 31, 2016, 2015, and 2014 were as follows: GMDB GLWB Total Additional liability balance: Balances, January 1, 2014 $ 5,993 $ — $ 5,993 Incurred guaranteed benefits 305 — 305 Paid guaranteed benefits (732 ) — (732 ) Balances, December 31, 2014 5,566 — 5,566 Incurred guaranteed benefits 821 4,813 5,634 Paid guaranteed benefits (920 ) — (920 ) Balances, December 31, 2015 5,467 4,813 10,280 Incurred guaranteed benefits 132 (2,740 ) (2,608 ) Paid guaranteed benefits (503 ) — (503 ) Balances, December 31, 2016 $ 5,096 $ 2,073 $ 7,169 The separate account liabilities subject to the requirements for additional liabilities for GMDB and GLWB, net amount at risk, net of reinsurance, and the weighted average attained age of contract owners for GMDB and GLWB at December 31, 2016, and 2015 , were as follows: GMDB GLWB Total December 31, 2016 Separate account liability $ 55,607 $ 413,569 $ 469,176 Net amount at risk, net of reinsurance $ 25,891 $ 2,941 $ 28,832 Weighted average attained age 71 58 N/A December 31, 2015 Separate account liability $ 55,999 $ 210,240 $ 266,239 Net amount at risk, net of reinsurance $ 29,050 $ 7,582 $ 36,632 Weighted average attained age 70 57 N/A
Schedule of Fair Value of Separate Accounts by Major Category of Investment	The aggregate fair value of equity securities supporting separate accounts with GMDB and GLWB were as follows: December 31, 2016 December 31, 2015 Equity securities - GMDB $ 55,605 $ 55,997 Equity securities - GLWB 412,977 209,828 Total $ 468,582 $ 265,825

Reinsurance (Tables)

Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2016
Insurance [Abstract]
Summary of life insurance in-force	The following tables summarize life insurance in-force and total premium income at and for the year ended December 31, 2016 : Life insurance in-force Individual Group Total Written and earned direct $ 54,618,888 $ 41,809,635 $ 96,428,523 Reinsurance ceded (10,568,467 ) (833,090 ) (11,401,557 ) Reinsurance assumed 56,165,011 — 56,165,011 Net $ 100,215,432 $ 40,976,545 $ 141,191,977 Percentage of amount assumed to net 56 % — % 40 % The following tables summarizes life insurance in-force and total premium income at and for the year ended December 31, 2015 : Life insurance in-force Individual Group Total Written and earned direct $ 53,403,194 $ 41,855,857 $ 95,259,051 Reinsurance ceded (10,169,625 ) (393,512 ) (10,563,137 ) Reinsurance assumed 58,742,234 — 58,742,234 Net $ 101,975,803 $ 41,462,345 $ 143,438,148 Percentage of amount assumed to net 58 % — % 41 %
Summary of total premium income	Premium income Life insurance Annuities Total Written and earned direct $ 360,959 $ 1,255 $ 362,214 Reinsurance ceded (45,925 ) (95 ) (46,020 ) Reinsurance assumed 130,201 — 130,201 Net $ 445,235 $ 1,160 $ 446,395 Premium income Life insurance Annuities Total Written and earned direct $ 392,654 $ 1,998 $ 394,652 Reinsurance ceded (52,397 ) (81 ) (52,478 ) Reinsurance assumed 123,175 — 123,175 Net $ 463,432 $ 1,917 $ 465,349 Premium income Life insurance Annuities Total Written and earned direct $ 368,442 $ 503 $ 368,945 Reinsurance ceded (48,107 ) (86 ) (48,193 ) Reinsurance assumed 124,798 — 124,798 Net $ 445,133 $ 417 $ 445,550

Deferred Acquisition Costs an41

Deferred Acquisition Costs and Value of Business Acquired (Tables)	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Schedule of activity in DAC and VOBA	The following table summarizes activity in DAC and VOBA: DAC VOBA Total Balances, January 1, 2014 $ 314,071 $ 29,217 $ 343,288 Capitalized additions 110,315 — 110,315 Amortization and writedowns (41,045 ) (3,801 ) (44,846 ) Unrealized investment (gains) losses (29,933 ) (130 ) (30,063 ) Balances, December 31, 2014 353,408 25,286 378,694 Capitalized additions 63,093 — 63,093 Amortization and writedowns (96,095 ) (4,493 ) (100,588 ) Unrealized investment (gains) losses 73,012 (68 ) 72,944 Balances, December 31, 2015 393,418 20,725 414,143 Capitalized additions 93,222 — 93,222 Amortization and writedowns (29,317 ) (1,992 ) (31,309 ) Unrealized investment (gains) losses 10,522 112 10,634 Balances, December 31, 2016 $ 467,845 $ 18,845 $ 486,690

Goodwill and Other Intangible42

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of other intangible assets	The following tables summarize other intangible assets, all of which are within the Empower Retirement segment: December 31, 2016 Gross carrying Accumulated amount amortization Net book value Customer relationships $ 47,580 $ (27,517 ) $ 20,063 Non-competition 1,325 (1,301 ) 24 Total $ 48,905 $ (28,818 ) $ 20,087 December 31, 2015 Gross carrying Accumulated amount amortization Net book value Customer relationships $ 47,580 $ (24,251 ) $ 23,329 Non-competition 1,325 (835 ) 490 Total $ 48,905 $ (25,086 ) $ 23,819

Commercial Paper (Tables)

Commercial Paper (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Schedule of information regarding commercial paper program	The following table provides information regarding the Company’s commercial paper program: December 31, 2016 2015 Face value $ 99,049 $ 93,371 Carrying value $ 99,049 $ 93,371 Effective interest rate 0.7%-0.8% 0.5%-0.6% Maturity range (days) 10 - 30 8 - 28

Stockholder's Equity and Divi44

Stockholder's Equity and Dividend Restrictions (Tables)	12 Months Ended
	Dec. 31, 2016
Stockholders' Equity Note [Abstract]
Schedule of net income and capital and surplus, as determined in accordance with statutory accounting principles and practices as prescribed by the National Association of Insurance Commissioners	The Company’s net income and capital and surplus, as determined in accordance with statutory accounting principles and practices as prescribed by the National Association of Insurance Commissioners (“NAIC”), is as follows: Year Ended December 31, December 31, 2016 2015 2014 2016 2015 Net income $ 100,657 $ 187,232 $ 134,091 Capital and surplus $ 1,053,333 $ 1,114,764

Other Comprehensive Income (Tab

Other Comprehensive Income (Tables)	12 Months Ended
	Dec. 31, 2016
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Schedule of accumulated balances for each classification of other comprehensive income (loss)	The following tables present the accumulated balances for each classification of other comprehensive income (loss): Year Ended December 31, 2016 Unrealized holding gains / losses arising on Unrealized holding gains / losses arising on cash flow hedges Future policy benefits, DAC and VOBA adjustments Employee benefit plan adjustment Total Balances, January 1, 2016 $ 339,520 $ 45,284 $ (65,785 ) $ (85,581 ) $ 233,438 Other comprehensive income (loss) before reclassifications 13,192 29,104 7,139 (4,755 ) 44,680 Amounts reclassified from AOCI (40,964 ) (7,312 ) — 6,033 (42,243 ) Net current period other comprehensive income (loss) (27,772 ) 21,792 7,139 1,278 2,437 Balances, December 31, 2016 $ 311,748 $ 67,076 $ (58,646 ) $ (84,303 ) $ 235,875 Year Ended December 31, 2015 Unrealized holding gains / losses arising on Unrealized holding gains / losses arising on cash flow hedges Future policy benefits, DAC and VOBA adjustments Employee benefit plan adjustment Total Balances, January 1, 2015 $ 784,183 $ 33,141 $ (108,194 ) $ (106,112 ) $ 603,018 Other comprehensive income (loss) before reclassifications (418,522 ) 20,190 42,409 12,825 (343,098 ) Amounts reclassified from AOCI (26,141 ) (8,047 ) — 7,706 (26,482 ) Net current period other comprehensive income (loss) (444,663 ) 12,143 42,409 20,531 (369,580 ) Balances, December 31, 2015 $ 339,520 $ 45,284 $ (65,785 ) $ (85,581 ) $ 233,438 Year Ended December 31, 2014 Unrealized holding gains / losses arising on Unrealized holding gains / losses arising on cash flow hedges Future policy benefits, DAC and VOBA adjustments Employee benefit plan adjustment Total Balances, January 1, 2014 $ 434,023 $ 25,517 $ (70,000 ) $ (43,786 ) $ 345,754 Other comprehensive income (loss) before reclassifications 381,198 13,089 (38,194 ) (67,380 ) 288,713 Amounts reclassified from AOCI (31,038 ) (5,465 ) — 5,054 (31,449 ) Net current period other comprehensive income (loss) 350,160 7,624 (38,194 ) (62,326 ) 257,264 Balances, December 31, 2014 $ 784,183 $ 33,141 $ (108,194 ) $ (106,112 ) $ 603,018
Schedule of composition of other comprehensive income (loss)	The following tables present the composition of other comprehensive income (loss): Year Ended December 31, 2016 Before-tax Tax (expense) Net-of-tax amount benefit amount Unrealized holding gains (losses), net, arising on fixed maturities, available-for-sale $ 20,295 $ (7,103 ) $ 13,192 Unrealized holding gains (losses), net, arising on cash flow hedges 44,776 (15,672 ) 29,104 Reclassification adjustment for (gains) losses, net, realized in net income (74,271 ) 25,995 (48,276 ) Net unrealized gains (losses) related to investments (9,200 ) 3,220 (5,980 ) Future policy benefits, DAC and VOBA adjustments 10,983 (3,844 ) 7,139 Net unrealized gains (losses) 1,783 (624 ) 1,159 Employee benefit plan adjustment 1,966 (688 ) 1,278 Other comprehensive income (loss) $ 3,749 $ (1,312 ) $ 2,437 Year Ended December 31, 2015 Before-tax Tax (expense) Net-of-tax amount benefit amount Unrealized holding gains (losses), net, arising on fixed maturities, available-for-sale $ (643,880 ) $ 225,358 $ (418,522 ) Unrealized holding gains (losses), net, arising on cash flow hedges 31,061 (10,871 ) 20,190 Reclassification adjustment for (gains) losses, net, realized in net income (52,597 ) 18,409 (34,188 ) Net unrealized gains (losses) related to investments (665,416 ) 232,896 (432,520 ) Future policy benefits, DAC and VOBA adjustments 65,245 (22,836 ) 42,409 Net unrealized gains (losses) (600,171 ) 210,060 (390,111 ) Employee benefit plan adjustment 31,586 (11,055 ) 20,531 Other comprehensive income (loss) $ (568,585 ) $ 199,005 $ (369,580 ) Year Ended December 31, 2014 Before-tax Tax (expense) Net-of-tax amount benefit amount Unrealized holding gains (losses), net, arising on fixed maturities, available-for-sale $ 586,458 $ (205,260 ) $ 381,198 Unrealized holding gains (losses), net, arising on cash flow hedges 20,137 (7,048 ) 13,089 Reclassification adjustment for (gains) losses, net, realized in net income (56,159 ) 19,656 (36,503 ) Net unrealized gains (losses) related to investments 550,436 (192,652 ) 357,784 Future policy benefits, DAC and VOBA adjustments (58,760 ) 20,566 (38,194 ) Net unrealized gains (losses) 491,676 (172,086 ) 319,590 Employee benefit plan adjustment (95,886 ) 33,560 (62,326 ) Other comprehensive income (loss) $ 395,790 $ (138,526 ) $ 257,264
Schedule of reclassifications out of accumulated other comprehensive income (loss)	The following table presents the reclassifications from accumulated other comprehensive income (loss): Year Ended December 31, 2016 2015 2014 Details about accumulated other comprehensive income (loss) components Amount reclassified from accumulated other comprehensive income (loss) Affected line item in the statement where net income is presented Unrealized holdings (gains) losses, net, arising on fixed maturities, available-for-sale $ (63,022 ) $ (40,217 ) $ (47,751 ) Other realized investment (gains) losses, net (63,022 ) (40,217 ) (47,751 ) Total before tax (22,058 ) (14,076 ) (16,713 ) Tax expense or benefit $ (40,964 ) $ (26,141 ) $ (31,038 ) Net of tax Unrealized holdings (gains) losses, net, arising on cash flow hedges $ (13,906 ) $ (12,380 ) $ (8,408 ) Net investment income 2,657 — — Interest expense (11,249 ) (12,380 ) (8,408 ) Total before tax (3,937 ) (4,333 ) (2,943 ) Tax expense or benefit $ (7,312 ) $ (8,047 ) $ (5,465 ) Net of tax Amortization of employee benefit plan items Prior service costs (benefits) $ (601 ) (1) $ (694 ) (1) $ 3,189 (1) Actuarial losses (gains) 9,882 (1) 12,550 (1) 2,730 (1) Settlement — (1) — (1) 1,857 (1) 9,281 11,856 7,776 Total before tax 3,248 4,150 2,722 Tax expense or benefit $ 6,033 $ 7,706 $ 5,054 Net of tax Total reclassification $ (42,243 ) $ (26,482 ) $ (31,449 ) Net of tax (1) These accumulated other comprehensive income components are included in the computation of net periodic (benefit) cost of employee benefit plans (see Note 17 for additional details).

General Insurance Expenses (Tab

General Insurance Expenses (Tables)	12 Months Ended
	Dec. 31, 2016
Selling, General and Administrative Expense [Abstract]
Summary of significant components of general insurance expenses	The following table summarizes the significant components of general insurance expenses: Year Ended December 31, 2016 2015 2014 Compensation $ 625,364 $ 564,008 $ 406,601 Commissions 222,028 206,360 210,797 Other 333,835 308,628 163,593 Total general insurance expenses $ 1,181,227 $ 1,078,996 $ 780,991

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Schedule of reconciliation of the changes in the benefit obligations	The following tables provide a reconciliation of the changes in the benefit obligations, fair value of plan assets and the underfunded status for the Company’s Defined Benefit Pension, Post-Retirement Medical, and Supplemental Executive Retirement plans: Defined Benefit Pension Plan Post-Retirement Medical Plan Supplemental Executive Retirement Plan Total Year Ended December 31, Year Ended December 31, Year Ended December 31, Year Ended December 31, 2016 2015 2016 2015 2016 2015 2016 2015 Change in projected benefit obligation: Benefit obligation, January 1 $ 560,817 $ 583,080 $ 16,637 $ 12,782 $ 43,858 $ 55,832 $ 621,312 $ 651,694 Service cost (1,403 ) 12,851 1,246 1,042 294 282 137 14,175 Interest cost 25,263 23,987 713 560 1,775 2,122 27,751 26,669 Actuarial (gain) loss 24,928 (42,863 ) 1,408 3,360 1,911 (9,504 ) 28,247 (49,007 ) Regular benefits paid (17,315 ) (16,238 ) (973 ) (1,446 ) (3,337 ) (4,874 ) (21,625 ) (22,558 ) Acquisition — — — 339 — — — 339 Benefit obligation, December 31 $ 592,290 $ 560,817 $ 19,031 $ 16,637 $ 44,501 $ 43,858 $ 655,822 $ 621,312 Accumulated benefit obligation $ 575,024 $ 544,011 $ 19,031 $ 16,637 $ 43,098 $ 42,182 $ 637,153 $ 602,830
Schedule of fair value of plan assets	Defined Benefit Post-Retirement Supplemental Executive Total Year Ended December 31, Year Ended December 31, Year Ended December 31, Year Ended December 31, 2016 2015 2016 2015 2016 2015 2016 2015 Change in plan assets: Value of plan assets, January 1 $ 427,131 $ 443,962 $ — $ — $ — $ — $ 427,131 $ 443,962 Actual return on plan assets 43,271 (593 ) — — — — 43,271 (593 ) Employer contributions — — 973 1,446 3,337 4,874 4,310 6,320 Benefits paid (17,315 ) (16,238 ) (973 ) (1,446 ) (3,337 ) (4,874 ) (21,625 ) (22,558 ) Value of plan assets, December 31 $ 453,087 $ 427,131 $ — $ — $ — $ — $ 453,087 $ 427,131
Schedule of fair value of plan assets and the underfunded status	Defined Benefit Post-Retirement Supplemental Executive Total December 31, December 31, December 31, December 31, 2016 2015 2016 2015 2016 2015 2016 2015 Under funded status at December 31 $ (139,203 ) $ (133,686 ) $ (19,031 ) $ (16,637 ) $ (44,501 ) $ (43,858 ) $ (202,735 ) $ (194,181 )
Schedule of amounts recognized in the consolidated balance sheets	The following table presents amounts recognized in the consolidated balance sheets for the Company’s Defined Benefit Pension, Post-Retirement Medical, and Supplemental Executive Retirement plans: Defined Benefit Post-Retirement Supplemental Executive Total December 31, December 31, December 31, December 31, 2016 2015 2016 2015 2016 2015 2016 2015 Amounts recognized in consolidated balance sheets: Other liabilities $ (139,203 ) $ (133,686 ) $ (19,031 ) $ (16,637 ) $ (44,501 ) $ (43,858 ) $ (202,735 ) $ (194,181 ) Accumulated other comprehensive income (loss) (133,055 ) (139,316 ) 5,715 8,540 (2,360 ) (890 ) (129,700 ) (131,666 )
Schedule of amounts recognized in AOCI that have not yet been recognized as components of net periodic benefit costs	The following table provides information regarding amounts in AOCI that have not yet been recognized as components of net periodic benefit cost at December 31, 2016 : Defined Benefit Post-Retirement Supplemental Executive Total Gross Net of tax Gross Net of tax Gross Net of tax Gross Net of tax Net gain (loss) $ (133,055 ) $ (86,486 ) $ 5,091 $ 3,309 $ (660 ) $ (429 ) $ (128,624 ) $ (83,606 ) Net prior service (cost) credit — — 624 406 (1,700 ) (1,105 ) (1,076 ) (699 ) $ (133,055 ) $ (86,486 ) $ 5,715 $ 3,715 $ (2,360 ) $ (1,534 ) $ (129,700 ) $ (84,305 )
Schedule of information regarding amounts in AOCI that are expected to be recognized as components of net periodic benefit costs during the next fiscal year	The following table provides information regarding amounts in AOCI that are expected to be recognized as components of net periodic benefit costs during the year ended December 31, 2017 : Defined Benefit Post-Retirement Supplemental Executive Total Gross Net of tax Gross Net of tax Gross Net of tax Gross Net of tax Net gain (loss) $ (8,799 ) $ (5,719 ) $ 210 $ 137 $ 54 $ 35 $ (8,535 ) $ (5,547 ) Prior service (cost) credit — — 453 294 (501 ) (326 ) (48 ) (32 ) $ (8,799 ) $ (5,719 ) $ 663 $ 431 $ (447 ) $ (291 ) $ (8,583 ) $ (5,579 )
Schedule of expected benefit payments	The expected benefit payments for the Company’s Defined Benefit Pension, Post-Retirement Medical, and Supplemental Executive Retirement plans for the years indicated are as follows: Defined Benefit Pension Plan Post-Retirement Medical Plan Supplemental Executive Retirement Plan 2017 $ 16,600 $ 856 $ 3,435 2018 20,029 843 2,775 2019 21,231 917 2,460 2020 22,694 946 2,438 2021 24,820 1,028 2,400 2022 through 2026 154,223 6,776 27,188
Schedule of net periodic (benefit) cost	Net periodic (benefit) cost of the Defined Benefit Pension, Post-Retirement Medical, and Supplemental Executive Retirement plans included in general insurance expenses in the accompanying consolidated statements of income includes the following components: Defined Benefit Pension Plan Year Ended December 31, 2016 2015 2014 Components of net periodic cost: Service cost $ (1,403 ) $ 12,851 $ 4,952 Interest cost 25,263 23,987 23,068 Expected return on plan assets (22,339 ) (28,345 ) (29,288 ) Amortization of unrecognized prior service cost — 13 51 Amortization of loss from earlier periods 10,260 12,398 2,898 Net periodic cost $ 11,781 $ 20,904 $ 1,681 Post-Retirement Medical Plan Year Ended December 31, 2016 2015 2014 Components of net periodic benefit: Service cost $ 1,246 $ 1,042 $ 985 Interest cost 713 560 574 Amortization of unrecognized prior service benefit (1,102 ) (1,640 ) (1,706 ) Amortization of gain from earlier periods (317 ) (511 ) (450 ) Net periodic benefit $ 540 $ (549 ) $ (597 ) Supplemental Executive Retirement Plan Year Ended December 31, 2016 2015 2014 Components of net periodic cost: Service cost $ 294 $ 282 $ 586 Interest cost 1,775 2,122 2,528 Amortization of unrecognized prior service cost 501 933 4,844 Amortization of loss from earlier periods (61 ) 663 282 Settlement — — 1,857 Net periodic cost $ 2,509 $ 4,000 $ 10,097
Schedule of weighted average interest rate assumptions used in determining benefit obligations	The following tables present the assumptions used in determining benefit obligations of the Defined Benefit Pension, Post-Retirement Medical, and the Supplemental Executive Retirement plans: Defined Benefit Pension Plan December 31, 2016 2015 Discount rate 4.20 % 4.55 % Rate of compensation increase 4.47 % 4.47 % Post-Retirement Medical Plan December 31, 2016 2015 Discount rate 4.05 % 4.31 % Initial health care cost trend 6.75 % 7.00 % Ultimate health care cost trend 5.00 % 5.00 % Year ultimate trend is reached 2024 2024 Supplemental Executive Retirement Plan December 31, 2016 2015 Discount rate 3.80 % 4.22 % Rate of compensation increase 4.00 % 4.00 %
Schedule of weighted average interest rate assumptions used in determining the net periodic (benefit) cost	The following tables present the assumptions used in determining the net periodic (benefit) cost of the Defined Benefit Pension, Post-Retirement Medical, and the Supplemental Executive Retirement plans: Defined Benefit Pension Plan Year Ended December 31, 2016 2015 Discount rate 4.55 % 4.17 % Expected return on plan assets 6.00 % 6.50 % Rate of compensation increase 4.47 % 4.47 % Post-Retirement Medical Plan Year Ended December 31, 2016 2015 Discount rate 4.31 % 3.94 % Initial health care cost trend 7.00 % 6.50 % Ultimate health care cost trend 5.00 % 5.00 % Year ultimate trend is reached 2024 2018 Supplemental Executive Retirement Plan Year Ended December 31, 2016 2015 Discount rate 4.22 % 3.99 % Rate of compensation increase 4.00 % 4.00 %
Schedule of effect of one-percentage-point change in assumed healthcare cost trend rates	The following table presents the impact on the Post-Retirement Medical Plan that a one-percentage-point change in assumed health care cost trend rates would have on the following: One percentage point increase One percentage Increase (decrease) on total service and interest cost on components $ 322 $ (269 ) Increase (decrease) on post-retirement benefit obligation 2,430 (2,083 )
Schedule of investment of defined benefit pension plan assets	The following table presents how the Company’s Defined Benefit Pension Plan assets are invested: December 31, 2016 2015 Equity securities 45 % 67 % Debt securities 39 % 31 % Other 16 % 2 % Total 100 % 100 %
Schedule of defined benefit retirement plan assets measured at fair value on a recurring basis	The following tables present information about the Defined Benefit Retirement Plan’s assets measured at fair value on a recurring basis and indicates the fair value hierarchy of the valuation approach utilized to determine such fair value: Defined benefit plan assets measured at fair value on a recurring basis December 31, 2016 Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Total Common collective trust funds: (1) Equity index funds $ — $ — $ — $ 34,578 Midcap index funds — — — 35,330 World equity index funds — — — 44,235 U.S. equity market funds — — — 45,614 International equity funds — — — 11,143 Total common collective trust funds — — — 170,900 Fixed maturity investments: U.S. government direct obligations and agencies — 5,672 — 5,672 Obligations of U.S. states and their municipalities — 18,670 — 18,670 Corporate debt securities — 141,102 1,316 142,418 Asset-backed securities — 7,828 — 7,828 Commercial mortgage-backed securities — 2,884 — 2,884 Total fixed maturity investments — 176,156 1,316 177,472 Equity investments: Fixed income mutual funds 21,321 — — 21,321 Equity mutual funds 11,106 — — 11,106 Preferred stock 640 — — 640 Total equity investments 33,067 — — 33,067 Limited partnership investments (1) — — — 7,022 Money market funds 62,883 — — 62,883 Total defined benefit plan assets $ 95,950 $ 176,156 $ 1,316 $ 451,344 (1) Fair values of Common collective trust funds and Limited partnership investments are estimated using net asset value per unit as a practical expedient which are excluded from the disclosure requirement to classify amounts in the fair value hierarchy in connection with the adoption of ASU 2015-07. Defined benefit plan assets measured at fair value on a recurring basis December 31, 2015 Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Total Common collective trust funds: (1) Equity index funds $ — $ — $ — $ 94,751 Midcap index funds — — — 88,267 World equity index funds — — — 8,511 U.S. equity market funds — — — 94,471 Total common collective trust funds — — — 286,000 Fixed maturity investments: U.S. government direct obligations and agencies — 6,753 — 6,753 Obligations of U.S. states and their municipalities — 19,074 — 19,074 Corporate debt securities — 93,811 — 93,811 Asset-backed securities — 8,149 — 8,149 Commercial mortgage-backed securities — 2,926 — 2,926 Total fixed maturity investments — 130,713 — 130,713 Preferred stock 280 — — 280 Limited partnership investments (1) — — — 7,654 Money market funds 2,484 — — 2,484 Total defined benefit plan assets $ 2,764 $ 130,713 $ — $ 427,131 (1) Fair values of Common collective trust funds and Limited partnership investments are estimated using net asset value per unit as a practical expedient which are excluded from the disclosure requirement to classify amounts in the fair value hierarchy in connection with the adoption of ASU 2015-07.
Schedule of defined benefit retirement plan assets measured at fair value on a recurring basis for which Level 3 inputs are utilized	The following tables present additional information about assets of the Defined Benefit Retirement Plan measured at fair value on a recurring basis and for which the Company has utilized Level 3 inputs to determine fair value: Recurring Level 3 financial assets Corporate debt securities Year Ended December 31, 2016 2015 Balance, January 1 $ — $ — Actual return on plan assets 54 — Settlements (213 ) — Transfers into Level 3 (1) 1,475 — Balance, December 31 $ 1,316 $ — (1) Transfers into Level 3 are due primarily to decreased observability of inputs in valuation methodologies.
Schedule of targets for the allocation of invested Defined Benefit Pension Plan assets	The following table presents the ranges the Company targets for the allocation of invested Defined Benefit Pension Plan assets at December 31, 2017 : December 31, 2017 Equity securities 30 % Debt securities 52 % Other 18 % Total 100 %

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of the provision for income taxes	The provision for income taxes is comprised of the following: Year Ended December 31, 2016 2015 2014 Current $ 32,031 $ 76,842 $ 80,859 Deferred 53,481 21,682 75,044 Total income tax provision $ 85,512 $ 98,524 $ 155,903
Schedule of reconciliation between the statutory federal income tax rate and the Company's effective federal income tax rate	The following table presents a reconciliation between the statutory federal income tax rate and the Company’s effective federal income tax rate: Year Ended December 31, 2016 2015 2014 Statutory federal income tax rate 35.0 % 35.0 % 35.0 % Income tax effect of: Investment income not subject to federal tax (3.0 )% (3.0 )% (1.8 )% Tax credits (6.9 )% (0.2 )% (0.3 )% State income taxes, net of federal benefit 2.3 % 3.2 % 1.0 % Income tax contingency provisions — % — % (1.2 )% Other, net (0.4 )% (0.9 )% 0.2 % Effective federal income tax rate 27.0 % 34.1 % 32.9 %
Schedule of reconciliation of unrecognized tax benefits	A reconciliation of unrecognized tax benefits is as follows: Year Ended December 31, 2016 2015 2014 Balance, beginning of year $ 23,093 $ 26,890 $ 21,154 Additions to tax positions in the current year — 1,383 13,931 Additions to tax positions in the prior year 1,902 50 — Reductions to tax positions from statutes expiring (7,727 ) (5,230 ) (8,195 ) Balance, end of year $ 17,268 $ 23,093 $ 26,890
Schedule of tax effect of temporary differences, which give rise to the deferred tax assets and liabilities	The tax effect of temporary differences, which give rise to the deferred tax assets and liabilities, is as follows: December 31, 2016 2015 Deferred Deferred Deferred Deferred tax asset tax liability tax asset tax liability Policyholder reserves $ — $ 278,632 $ — $ 262,822 Deferred acquisition costs — 28,071 — 8,533 Investment assets — 233,583 — 221,303 Policyholder dividends 8,583 — 8,919 — Net operating loss carryforward 96,693 — 113,637 — Pension plan accrued benefit liability 83,562 — 79,945 — Goodwill — 35,306 — 33,034 Experience rated refunds 6,654 — 12,673 — Tax credits 168,597 — 154,017 — Other 19,592 — 19,385 — Total deferred taxes $ 383,681 $ 575,592 $ 388,576 $ 525,692
Schedule of federal net operating loss carry forwards of a subsidiary	As of December 31, 2016 , the subsidiary had net operating loss carry forwards expiring as follows: Year Amount 2021 $ 5,977 2022 136,796 2023 81,693 2028 2,215 Total $ 226,681

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Summary of financial information related to segments	The following tables summarize segment financial information: Year Ended December 31, 2016 Individual Empower Markets Retirement Other Total Revenue: Premium income $ 379,127 $ 1,853 $ 84,369 $ 465,349 Fee income 99,514 851,620 5,683 956,817 Other revenue — 12,261 — 12,261 Net investment income 798,557 428,327 49,675 1,276,559 Realized investments gains (losses), net 40,899 51,209 774 92,882 Total revenues 1,318,097 1,345,270 140,501 2,803,868 Benefits and expenses: Policyholder benefits 969,182 206,143 65,698 1,241,023 Operating expenses 175,016 1,002,129 69,096 1,246,241 Total benefits and expenses 1,144,198 1,208,272 134,794 2,487,264 Income before income taxes 173,899 136,998 5,707 316,604 Income tax expense 58,601 25,144 1,767 85,512 Net income $ 115,298 $ 111,854 $ 3,940 $ 231,092 December 31, 2016 Individual Empower Markets Retirement Other Total Assets: Investments $ 16,770,772 $ 12,195,748 $ 1,634,330 $ 30,600,850 Other assets 1,453,717 1,057,148 141,666 2,652,531 Separate account assets 7,521,475 19,516,290 — 27,037,765 Assets of continuing operations $ 25,745,964 $ 32,769,186 $ 1,775,996 60,291,146 Assets of discontinued operations 17,652 Total assets $ 60,308,798 Year Ended December 31, 2015 Individual Empower Markets Retirement Other Total Revenue: Premium income $ 360,783 $ 533 $ 84,234 $ 445,550 Fee income 87,471 853,076 3,979 944,526 Other revenue — 13,563 — 13,563 Net investment income 801,935 398,639 53,856 1,254,430 Realized investments gains (losses), net 28,864 54,752 94 83,710 Total revenues 1,279,053 1,320,563 142,163 2,741,779 Benefits and expenses: Policyholder benefits 931,631 201,791 101,205 1,234,627 Operating expenses 159,719 992,564 65,890 1,218,173 Total benefits and expenses 1,091,350 1,194,355 167,095 2,452,800 Income (loss) before income taxes 187,703 126,208 (24,932 ) 288,979 Income tax expense (benefit) 64,360 43,058 (8,894 ) 98,524 Net income (loss) $ 123,343 $ 83,150 $ (16,038 ) $ 190,455 December 31, 2015 Individual Empower Markets Retirement Other Total Assets: Investments $ 16,074,681 $ 10,966,096 $ 1,770,249 $ 28,811,026 Other assets 1,358,934 927,061 149,655 2,435,650 Separate account assets 7,031,013 19,600,180 — 26,631,193 Assets of continuing operations $ 24,464,628 $ 31,493,337 $ 1,919,904 57,877,869 Assets of discontinued operations 21,910 Total assets $ 57,899,779 Year Ended December 31, 2014 Individual Empower Markets Retirement Other Total Revenue: Premium income $ 360,305 $ 1,215 $ 84,875 $ 446,395 Fee income 95,631 629,533 4,015 729,179 Other revenue — 7,506 — 7,506 Net investment income 748,015 426,340 54,033 1,228,388 Realized investments gains (losses), net 44,381 102,597 393 147,371 Total revenues 1,248,332 1,167,191 143,316 2,558,839 Benefits and expenses: Policyholder benefits 902,982 206,339 113,124 1,222,445 Operating expenses 136,850 647,165 79,107 863,122 Total benefits and expenses 1,039,832 853,504 192,231 2,085,567 Income (loss) before income taxes 208,500 313,687 (48,915 ) 473,272 Income tax expense (benefit) 68,719 104,162 (16,978 ) 155,903 Net income (loss) $ 139,781 $ 209,525 $ (31,937 ) $ 317,369

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of compensation expense related to stock-based compensation	The compensation expense related to share-based compensation was as follows: Year Ended December 31, 2016 2015 2014 Lifeco Stock Plan $ 2,190 $ 1,655 $ 3,384 Performance Share Unit Plan 5,318 2,320 6,263 Total compensation expense $ 7,508 $ 3,975 $ 9,647 Income tax benefits $ 2,458 $ 1,143 $ 2,404
Schedule of total unrecognized compensation expense related to stock-based compensation and the expected weighted-average period over which these expenses will be recognized	The following table presents the total unrecognized compensation expense related to share-based compensation at December 31, 2016 , and the expected weighted average period over which these expenses will be recognized: Expense Weighted average period (years) Lifeco Stock Plan $ 2,684 1.7 Performance Share Unit Plan 6,403 1.4
Summary of status of, and changes in, the Lifeco plan options granted to employees	The following table summarizes the status of, and changes in, the Lifeco plan options granted to Company employees which are outstanding. The options granted relate to underlying stock traded in Canadian dollars on the Toronto Stock Exchange; therefore, the amounts, which are presented in United States dollars, will fluctuate as a result of exchange rate fluctuations. Weighted average Shares under option Exercise price (Whole dollars) Remaining contractual term (Years) Intrinsic value (1) Outstanding, January 1, 2016 3,633,343 $ 21.68 Granted 973,100 25.88 Exercised (359,345 ) 20.03 Cancelled and expired (185,097 ) 25.87 Outstanding, December 31, 2016 4,062,001 23.25 6.1 $ 12,814 Vested and expected to vest, December 31, 2016 4,062,001 $ 23.25 6.1 $ 12,814 Exercisable, December 31, 2016 2,292,059 $ 21.81 4.3 $ 10,654 (1) The aggregate intrinsic value is calculated as the difference between the market price of Lifeco common shares on December 31, 2016 , and the exercise price of the option (only if the result is positive) multiplied by the number of options.
Schedule of additional information regarding stock options under the Lifeco plan	The following table presents additional information regarding stock options under the Lifeco plan: Year Ended December 31, 2016 2015 2014 Weighted average fair value of options granted $ 2.74 $ 3.33 $ 5.53 Intrinsic value of options exercised (1) 2,102 4,234 401 Fair value of options vested 1,605 1,670 4,491 (1) The intrinsic value of options exercised is calculated as the difference between the market price of Lifeco common shares on the date of exercise and the exercise price of the option multiplied by the number of options exercised.
Schedule of weighted average assumptions	The fair value of the options granted during the years ended December 31, 2016, 2015, and 2014 was estimated on the date of the grant using the Black-Scholes option-pricing model with the following weighted average assumptions: Year Ended December 31, 2016 2015 2014 Dividend yield 3.99 % 3.66 % 3.95 % Expected volatility 19.03 % 19.10 % 26.63 % Risk free interest rate 0.80 % 0.90 % 1.75 % Expected duration (years) 6.0 6.0 6.0
Summary of the status of, and changes in, the Performance Share Unit Plan units granted to employees	The following table summarizes the status of, and changes in, the Performance Share Unit Plan units granted to Company employees which are outstanding: Performance Outstanding, January 1, 2016 440,089 Granted 313,837 Forfeited (3,158 ) Exercised (151,857 ) Outstanding, December 31, 2016 598,911 Vested and expected to vest, December 31, 2016 598,911

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of estimated future contractual obligations	The following table summarizes the Company’s future purchase obligations and commitments: Payment due by period Less than one year One to three years Three to five years More than five years Total Related party long-term debt - principal (1) $ — $ — $ — $ 528,400 $ 528,400 Related party long-term debt - interest (2) 24,683 49,365 49,365 451,951 575,364 Investment purchase obligations (3) 438,458 — — — 438,458 Operating leases (4) 14,152 23,830 13,114 69 51,165 Other liabilities (5) 28,147 16,046 11,389 33,964 89,546 Total $ 505,440 $ 89,241 $ 73,868 $ 1,014,384 $ 1,682,933 (1) Related party long-term debt principal - Represents contractual maturities of principal due to the Company’s parent, GWL&A Financial, under the terms of two long-term surplus notes. The amounts shown in this table differ from the amounts included in the Company’s consolidated balance sheet because the amounts shown above do not consider the discount upon the issuance of one of the surplus notes. (2) Related party long-term debt interest - One long-term surplus note bears interest at a fixed rate through maturity. The other surplus note bears a variable interest rate plus the then-current three-month London Interbank Offering Rate (“LIBOR”) . The interest payments shown in this table are calculated based upon the contractual rates in effect on December 31, 2016 , and do not consider the impact of future interest rate changes. (3) Investment purchase obligations - The Company makes commitments to fund partnership interests, mortgage loans on real estate, and other investments in the normal course of its business. As the timing of the fulfillment of the commitment to fund partnership interests cannot be predicted, such obligations are presented in the less than one year category. The timing of the funding of mortgage loans on real estate is based on the expiration date of the commitment. The amounts of these unfunded commitments at December 31, 2016, and 2015 , were $438,458 and $50,692 , of which $93,440 and $8,692 were related to cost basis limited partnership interests, respectively, all of which is due within one year from the dates indicated. (4) Operating leases - The Company is obligated to make payments under various non-cancelable operating leases, primarily for office space. Contractual provisions exist that could increase the lease obligations presented, including operating expense escalation clauses. Management does not consider the impact of any such clauses to be material to the Company’s operating lease obligations. The Company incurred rent expense, net of sublease income, of $12,575 , $12,050 , and $7,628 for the years ended December 31, 2016, 2015, and 2014 , respectively and is recorded in general insurance expense. The Company’s total future operating lease obligation will be reduced by minimum reimbursement of $7,301 due in the future under non-cancelable agreements. From time to time, the Company enters into agreements or contracts, including capital leases, to purchase goods or services in the normal course of its business. However, these agreements and contracts are not material and are excluded from the table above. (5) Other liabilities - Other liabilities include those other liabilities which represent contractual obligations not included elsewhere in the table above. If the timing of the payment of any other liabilities was sufficiently uncertain, the amounts were included in the less than one year category. Other liabilities presented in the table above include: · Expected contributions to the Company’s defined benefit pension plan and benefit payments for the Post-Retirement Medical Plan and Supplemental Executive Retirement Plan. · Miscellaneous purchase obligations to acquire goods and services. · Unrecognized tax benefits

Organization and Significant 52

Organization and Significant Accounting Policies Organization and Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Collateral of the fair value of domestic securities loaned (as a percentage)	102.00%
Collateral of the fair value of foreign securities loaned (as a percentage)	105.00%
Cash and Cash Equivalents [Abstract]
Bank overdrafts	$ 12,850,000	$ 137,000
Finite-Lived Intangible Assets [Line Items]
Life insurance and annuity future benefits with life contingencies	16,530,160,000	15,955,510,000
Annuity contract benefits liabilities without life contingencies	12,291,378,000	11,104,721,000
Property, Plant and Equipment [Abstract]
Capitalized internal use software development costs, net of accumulated amortization	98,074,000	93,646,000
Capitalized internal use software development costs	30,420,000	47,895,000	$ 31,473,000
Business Combinations [Abstract]
Participating life and annuity policy benefit liabilities	$ 6,844,640,000	$ 6,890,616,000
Participating business of individual life insurance in-force (as a percentage)	10.00%	10.00%
Participating business of individual's life insurance premium income (as a percentage)	18.00%	20.00%	21.00%
Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	18 years
Life insurance and annuity future benefits with life contingencies	$ 4,500,000
Maximum | Software and Software Development Costs
Property, Plant and Equipment [Abstract]
Useful life	5 years
Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	2 years
Weighted Average
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	15 years

Acquisition (Details)

Acquisition (Details) - USD ($)	Jan. 01, 2015	Aug. 29, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Acquisition payment			$ 0	$ 0	$ 28,356,000
Decrease in contingent consideration			209,000	17,600,000	0
J.P. Morgan Retirement Plan Services
Business Acquisition [Line Items]
Acquisition payment		$ 59,776,000
Acquisition costs					2,859,000
Maximum potential earn out payment		$ 50,000,000
Months to make additional earn out payment		24 months
Earn out payment to acquiree			14,400,000
Decrease in contingent consideration			(209,000)	(17,600,000)	$ 0
Contingent consideration liability			$ 0	$ 14,609,000
Putnam Retirement Business Services
Business Acquisition [Line Items]
Cash paid	$ 4,114,000
Other assets assumed	11,501,000
Other liabilities assumed	7,717,000
Dividends	$ 330,000

Acquisition Revenues and Earnin

Acquisition Revenues and Earnings of the Acquiree (Details) - J.P. Morgan Retirement Plan Services - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Revenue	$ 182,759	$ 54,267
Net loss	$ (944)	$ (3,416)

Application of Recent Account55

Application of Recent Accounting Pronouncements Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Maximum loss exposure of VIE	$ 38,504	$ 32,444
Separate account assets	26,631,193	$ 27,037,765
Accounting Standards Update 2015-02 | Restatement Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Maximum loss exposure of VIE	35,776
Accounting Standards Update 2015-07 | Significant other observable inputs (Level 2) | Restatement Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Separate account assets	(533,961)
Removal of investments	286
Accounting Standards Update 2015-07 | Significant unobservable inputs (Level 3) | Restatement Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Removal of investments	$ 7,654

Related Party Transactions (Det

Related Party Transactions (Details)		12 Months Ended
		Dec. 31, 2016USD ($)debt_instrument	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
GWL&A Financial
Related Party Transaction [Line Items]
Interest payable	[1]	$ 575,364,000
Letters of credit obtained by parent | debt_instrument		2
GWL&A Financial | Surplus Notes Payable
Related Party Transaction [Line Items]
Minimum multiple required to be applied on authorized control level at the time of payments of principal and interest		2.5
Interest expense attributable to related party debt obligations		$ 29,185,000	$ 37,059,000	$ 37,059,000
Interest payable		3,190,000	4,701,000
CLAC
Related Party Transaction [Line Items]
Funds withheld assets		$ 511,575,000	520,753,000
Interest rate on the funds withheld		4.55%
Interest Income, related party		$ 22,045,000	22,165,000	21,295,000
Entities Affiliated to Subsidiaries
Related Party Transaction [Line Items]
Related party purchased in interest annuity contracts		183,365,000	146,547,000	$ 132,961,000
Related party reduction of separate account assets and liabilities		302,898,000	309,108,000
First Letter of Credit | GWL&A Financial
Related Party Transaction [Line Items]
First letter of credit		1,165,030,000
Amount outstanding		0	$ 0
Second Letter of Credit | GWL&A Financial
Related Party Transaction [Line Items]
Second letter of credit		$ 70,000,000
[1]	Related party long-term debt interest - One long-term surplus note bears interest at a fixed rate through maturity. The other surplus note bears a variable interest rate plus the then-current three-month London Interbank Offering Rate (“LIBOR”). The interest payments shown in this table are calculated based upon the contractual rates in effect on December 31, 2016, and do not consider the impact of future interest rate changes.

Related Party Transactions Resi

Related Party Transactions Resinuranced Ceded To and From Related Parties (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Reinsurance recoverable	$ 522,950	$ 530,213
Future policy benefits	28,872,899	27,110,981
Affiliated Entity
Related Party Transaction [Line Items]
Future policy benefits	$ 1,608,884	$ 1,724,797

Related Party Transactions Inco

Related Party Transactions Income Statement Related Party Amounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Related Party Transactions [Abstract]
Premium income, net of related party premiums ceded of $17,774, $15,731, and $13,901	$ 66,928	$ 68,722	$ 71,453
Life and other policy benefits, net of reinsurance recoveries of $8,862, $6,494, and $4,594	189,125	193,215	209,102
Decrease in future policy benefits	(88,639)	(52,842)	(46,915)
Related party premiums ceded	17,774	15,731	13,901
Reinsurance recoveries	$ 8,862	$ 6,494	$ 4,594

Related Party Transactions Reve

Related Party Transactions Revenue and Expense Reimbursements from Related Parties (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
The Canada Life Assurance Company (CLAC), Great-West Life, and Putnam
Related Party Transaction [Line Items]
Receives corporate support services	[1],[2],[3]	$ 18,763	$ 12,609	$ 4,053
The Canada Life Assurance Company (CLAC) and Putnam
Related Party Transaction [Line Items]
Provides recordkeeping services	[2],[3]	245	377	13,956
Putnam
Related Party Transaction [Line Items]
Provides shareholder services	[2]	15,852	5,531	0
Receives reimbursement from tax sharing indemnification related to state and local tax liabilities	[2]	12,261	13,563	7,506
Entities Affiliated to Subsidiaries
Related Party Transaction [Line Items]
Investment Advisory Fees	[4]	$ 140,455	$ 138,936	$ 126,726
[1]	(3) An indirect wholly-owned subsidiary of Lifeco U.S.
[2]	A wholly-owned subsidiary of Lifeco U.S.
[3]	An indirect wholly-owned subsidiary of Lifeco
[4]	(4) Great-West Capital Management, LLC, a subsidiary of the Company, serves as a Registered Investment Advisor to Great-West Funds, Inc., an affiliated open-end management investment company, and to Great-West Trust Company, LLC, an affiliated trust company. Great-West Trust Company, LLC, serves as trustee to several collective investment trusts. The Company provides Great-West Funds, Inc. recordkeeping and administrative services to shareholders and account owners.

Related Party Transactions Amou

Related Party Transactions Amounts Due from Parent and Affiliates (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Due from parent and affiliates	$ 81,995	$ 62,596
GWL&A Financial
Related Party Transaction [Line Items]
Due from parent and affiliates	45,190	38,864
Great West Lifeco US Inc
Related Party Transaction [Line Items]
Due from parent and affiliates	34,992	11,783
Other Related Parties
Related Party Transaction [Line Items]
Due from parent and affiliates	$ 1,813	$ 11,949

Related Party Transactions Am61

Related Party Transactions Amounts Due to Parent and Affiliates (Details) - USD ($)		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	May 19, 2006	Nov. 15, 2004
Related Party Transaction [Line Items]
Due to parent and affiliates		$ 537,990,000	$ 540,310,000
Other Related Parties
Related Party Transaction [Line Items]
Due to parent and affiliates		6,898,000	7,735,000
Surplus Notes Payable Due November 2034 | GWL&A Financial
Related Party Transaction [Line Items]
Face amount					$ 195,000,000
Due to parent and affiliates	[1]	$ 194,502,000	194,474,000
Long-term debt, surplus note, interest rate (as a percent)		6.675%
Surplus Notes Payable Due May 2046 | GWL&A Financial
Related Party Transaction [Line Items]
Face amount				$ 333,400,000
Due to parent and affiliates	[2]	$ 333,400,000	333,400,000
Surplus Notes Interest Payable, May 2017 | GWL&A Financial
Related Party Transaction [Line Items]
Due to parent and affiliates		$ 3,190,000	$ 4,701,000
After May 16, 2016 | Surplus Notes Payable Due May 2046 | GWL&A Financial
Related Party Transaction [Line Items]
Margin added to variable rate basis (as a percent)		2.588%
Variable rate basis		three-month London Interbank Offering Rate (“LIBOR”)
[1]	A note payable to GWL&A Financial was issued as a surplus note on November 15, 2004, with a face amount of $195,000 and carrying amounts of $194,502 and $194,474 at December 31, 2016, and 2015, respectively. The surplus note bears interest at the rate of 6.675% per annum, payable in arrears each May and November. The note matures on November 15, 2034.
[2]	A note payable to GWL&A Financial was issued as a surplus note on May 19, 2006, with a face amount and carrying amount of $333,400. The surplus note bears an interest rate of 2.588% plus the then-current three-month London Interbank Offering Rate (“LIBOR”). The surplus note became redeemable by the Company at the principal amount plus any accrued and unpaid interest after May 16, 2016. The note matures on May 16, 2046.

SOI Fixed Maturity AFS and non-

SOI Fixed Maturity AFS and non-credit OTTI in AOCI (Details) - USD ($) $ in Thousands		Dec. 31, 2016		Dec. 31, 2015
Securities available-for-sale
Total fixed maturities		$ 21,672,727		$ 20,007,462
Fixed maturities, available-for-sale		22,153,703		20,531,627
Total fixed maturity investments
Securities available-for-sale
Total fixed maturities		21,672,727		20,007,462
Gross unrealized gains		871,205		883,519
Gross unrealized losses		390,229		359,354
Fixed maturities, available-for-sale		22,153,703		20,531,627
OTTI (gain) loss included in AOCI		(73,929)	[1]	(88,357)	[2]
U.S. government direct obligations and U.S. agencies
Securities available-for-sale
Total fixed maturities		3,022,279		3,291,167
Gross unrealized gains		47,791		55,193
Gross unrealized losses		34,958		4,608
Fixed maturities, available-for-sale		3,035,112		3,341,752
OTTI (gain) loss included in AOCI		0	[1]	0	[2]
Obligations of U.S. states and their subdivisions
Securities available-for-sale
Total fixed maturities		1,890,568		1,988,214
Gross unrealized gains		214,411		238,862
Gross unrealized losses		6,317		7,903
Fixed maturities, available-for-sale		2,098,662		2,219,173
OTTI (gain) loss included in AOCI		0	[1]	50	[2]
Foreign government securities
Securities available-for-sale
Total fixed maturities				2,291
Gross unrealized gains				0
Gross unrealized losses				5
Fixed maturities, available-for-sale				2,286
OTTI (gain) loss included in AOCI	[2]			0
Corporate debt securities
Securities available-for-sale
Total fixed maturities		13,811,597	[3]	12,388,886	[4]
Gross unrealized gains		477,316	[3]	437,207	[4]
Gross unrealized losses		309,164	[3]	320,381	[4]
Fixed maturities, available-for-sale		13,979,749	[3]	12,505,712	[4]
OTTI (gain) loss included in AOCI		(1,488)	[1],[3]	(1,810)	[2],[4]
Perpetual debt investments
Securities available-for-sale
Total fixed maturities		135,187		149,062
Fixed maturities, available-for-sale		113,239		116,423
Asset-backed securities
Securities available-for-sale
Total fixed maturities		1,226,493		1,196,326
Gross unrealized gains		104,274		128,406
Gross unrealized losses		18,388		13,362
Fixed maturities, available-for-sale		1,312,379		1,311,370
OTTI (gain) loss included in AOCI		(72,464)	[1]	(86,474)	[2]
Residential mortgage-backed securities
Securities available-for-sale
Total fixed maturities		138,292		122,146
Gross unrealized gains		3,867		4,734
Gross unrealized losses		1,167		1,508
Fixed maturities, available-for-sale		140,992		125,372
OTTI (gain) loss included in AOCI		23	[1]	(123)	[2]
Commercial mortgage-backed securities
Securities available-for-sale
Total fixed maturities		1,222,257		1,009,320
Gross unrealized gains		23,207		19,117
Gross unrealized losses		20,182		11,529
Fixed maturities, available-for-sale		1,225,282		1,016,908
OTTI (gain) loss included in AOCI		0	[1]	0	[2]
Collateralized debt obligations
Securities available-for-sale
Total fixed maturities		361,241		9,112
Gross unrealized gains		339		0
Gross unrealized losses		53		58
Fixed maturities, available-for-sale		361,527		9,054
OTTI (gain) loss included in AOCI		$ 0	[1]	$ 0	[2]
[1]	Indicates the amount of any OTTI (gain) loss included in AOCI that is included in gross unrealized gains and losses. OTTI (gain) loss included in AOCI, as presented above, includes both the initial recognition of non-credit losses and the effects of subsequent increases and decreases in estimated fair value for those fixed maturity securities with previous non-credit impairment. The non-credit loss component of OTTI (gain) loss was in an unrealized gain position due to increases in estimated fair value subsequent to initial recognition of non-credit losses on such securities.
[2]	Indicates the amount of any OTTI (gain) loss included in AOCI that is included in gross unrealized gains and losses. OTTI (gain) loss included in AOCI, as presented above, includes both the initial recognition of non-credit losses and the effects of subsequent increases and decreases in estimated fair value for those fixed maturity securities with previous non-credit impairment. The non-credit loss component of OTTI (gain) loss was in an unrealized gain position due to increases in estimated fair value subsequent to initial recognition of non-credit losses on such securities.
[3]	Includes perpetual debt investments with amortized cost of $135,187 and estimated fair value of $113,239.
[4]	Includes perpetual debt investments with amortized cost of $149,062 and estimated fair value of $116,423.

SOI Fixed Maturity AFS maturity

SOI Fixed Maturity AFS maturity aging (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Amortized cost
Maturing in one year or less	$ 668,305
Maturing after one year through five years	3,741,043
Maturing after five years through ten years	6,570,148
Maturing after ten years	5,088,280
Mortgage-backed and asset-backed securities	5,604,951
Total fixed maturities	21,672,727	$ 20,007,462
Estimated fair value
Maturing in one year or less	690,369
Maturing after one year through five years	3,917,479
Maturing after five years through ten years	6,650,854
Maturing after ten years	5,208,071
Mortgage-backed and asset-backed securities	5,686,930
Total fixed maturities	$ 22,153,703	$ 20,531,627

SOI Proceeds from sales (Detail

SOI Proceeds from sales (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]
Proceeds from sales	[1]	$ 4,541,303	$ 4,187,547	$ 2,705,999
Gross realized gains from sales		84,305	47,965	47,852
Gross realized losses from sales		$ 16,858	$ 6,476	$ 1,229
[1]	Includes gains (losses) on the hedged asset for fair value hedges.

SOI Mortgage loans on real esta

SOI Mortgage loans on real estate by component (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Mortgage loans on real estate
Principal	$ 3,558,863	$ 3,242,627
Unamortized premium (discount) and fees, net	5,541	7,967
Foreign exchange translation	(2,696)	0
Mortgage provision allowance	(2,882)	(2,890)	$ (2,890)	$ (2,890)
Total mortgage loans	3,558,826	3,247,704
Recorded investment of the mortgage loan portfolio by risk assessment category
Recorded investment	3,561,708	3,250,594	$ 3,366,460
Mortgage loans on real estate | Performing
Recorded investment of the mortgage loan portfolio by risk assessment category
Recorded investment	3,560,243	3,249,129
Mortgage loans on real estate | Non-performing
Recorded investment of the mortgage loan portfolio by risk assessment category
Recorded investment	$ 1,465	$ 1,465

SOI Mortgage provision allowanc

SOI Mortgage provision allowance rollforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Activity in the allowance for commercial mortgage loans credit losses
Beginning balance	$ 2,890	$ 2,890	$ 2,890
Provision increases	536	0	0
Provision decreases	(544)	0	0
Ending balance	2,882	2,890	2,890
Allowance ending balance by basis of impairment method:
Individually evaluated for impairment	536	0	0
Collectively evaluated for impairment	2,346	2,890	2,890
Recorded investment balance in the mortgage loan portfolio, gross of allowance, by basis of impairment method:
Recorded investment balance in the mortgage loan portfolio, gross of allowance, by basis of impairment method:	3,561,708	3,250,594	3,366,460
Individually evaluated for impairment	1,465	14,031	12,986
Collectively evaluated for impairment	$ 3,560,243	$ 3,236,563	$ 3,353,474

SOI Unrealized losses fixed mat

SOI Unrealized losses fixed maturities AFS (Details) $ in Thousands	Dec. 31, 2016USD ($)position	Dec. 31, 2015USD ($)position
Total fixed maturity investments
Unrealized losses on fixed maturity and equity investments classified as available-for-sale
Less than twelve months, Estimated fair value	$ 7,428,519	$ 6,725,965
Less than twelve months, Unrealized loss and OTTI	235,788	230,467
Twelve months or longer, Estimated fair value	1,151,873	821,922
Unrealized loss and OTTI, 12 months or longer	154,441	128,887
Total Estimated fair value	8,580,392	7,547,887
Total Unrealized losses and OTTI	$ 390,229	$ 359,354
Additional disclosure
Total number of securities in an unrealized loss position, Less than twelve months | position	610	558
Total number of securities in an unrealized loss position, twelve months or longer | position	128	106
Total number of securities in an unrealized loss position | position	738	664
U.S. government direct obligations and U.S. agencies
Unrealized losses on fixed maturity and equity investments classified as available-for-sale
Less than twelve months, Estimated fair value	$ 2,006,588	$ 1,357,822
Less than twelve months, Unrealized loss and OTTI	34,752	4,101
Twelve months or longer, Estimated fair value	10,526	23,604
Unrealized loss and OTTI, 12 months or longer	206	507
Total Estimated fair value	2,017,114	1,381,426
Total Unrealized losses and OTTI	34,958	4,608
Obligations of U.S. states and their subdivisions
Unrealized losses on fixed maturity and equity investments classified as available-for-sale
Less than twelve months, Estimated fair value	216,154	267,581
Less than twelve months, Unrealized loss and OTTI	5,922	7,903
Twelve months or longer, Estimated fair value	10,498	0
Unrealized loss and OTTI, 12 months or longer	395	0
Total Estimated fair value	226,652	267,581
Total Unrealized losses and OTTI	6,317	7,903
Foreign government securities
Unrealized losses on fixed maturity and equity investments classified as available-for-sale
Less than twelve months, Estimated fair value		2,286
Less than twelve months, Unrealized loss and OTTI		5
Twelve months or longer, Estimated fair value		0
Unrealized loss and OTTI, 12 months or longer		0
Total Estimated fair value		2,286
Total Unrealized losses and OTTI		5
Corporate debt securities
Unrealized losses on fixed maturity and equity investments classified as available-for-sale
Less than twelve months, Estimated fair value	4,119,630	4,412,965
Less than twelve months, Unrealized loss and OTTI	170,453	202,874
Twelve months or longer, Estimated fair value	860,153	552,791
Unrealized loss and OTTI, 12 months or longer	138,711	117,507
Total Estimated fair value	4,979,783	4,965,756
Total Unrealized losses and OTTI	309,164	320,381
Asset-backed securities
Unrealized losses on fixed maturity and equity investments classified as available-for-sale
Less than twelve months, Estimated fair value	316,065	247,082
Less than twelve months, Unrealized loss and OTTI	6,971	4,372
Twelve months or longer, Estimated fair value	230,331	182,404
Unrealized loss and OTTI, 12 months or longer	11,417	8,990
Total Estimated fair value	546,396	429,486
Total Unrealized losses and OTTI	18,388	13,362
Residential mortgage-backed securities
Unrealized losses on fixed maturity and equity investments classified as available-for-sale
Less than twelve months, Estimated fair value	16,962	0
Less than twelve months, Unrealized loss and OTTI	102	0
Twelve months or longer, Estimated fair value	14,297	18,625
Unrealized loss and OTTI, 12 months or longer	1,065	1,508
Total Estimated fair value	31,259	18,625
Total Unrealized losses and OTTI	1,167	1,508
Commercial mortgage-backed securities
Unrealized losses on fixed maturity and equity investments classified as available-for-sale
Less than twelve months, Estimated fair value	592,508	429,175
Less than twelve months, Unrealized loss and OTTI	17,535	11,154
Twelve months or longer, Estimated fair value	26,068	44,498
Unrealized loss and OTTI, 12 months or longer	2,647	375
Total Estimated fair value	618,576	473,673
Total Unrealized losses and OTTI	20,182	11,529
Collateralized debt obligations
Unrealized losses on fixed maturity and equity investments classified as available-for-sale
Less than twelve months, Estimated fair value	160,612	9,054
Less than twelve months, Unrealized loss and OTTI	53	58
Twelve months or longer, Estimated fair value	0	0
Unrealized loss and OTTI, 12 months or longer	0	0
Total Estimated fair value	160,612	9,054
Total Unrealized losses and OTTI	$ 53	$ 58

Summary of Investments SOI Othe

Summary of Investments SOI Other-than-temporary impairment recognition (Details) - Total fixed maturity investments - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Beginning balance	$ 102,343	$ 119,532	$ 167,961
Initial impairments - credit loss on securities not previously impaired	0	759	0
Due to sales, maturities, or payoffs during the period	(1,785)	(559)	(646)
Due to increases in cash flows expected to be collected that are recognized over the remaining life of the security	(16,893)	(17,389)	(47,783)
Ending balance	$ 83,665	$ 102,343	$ 119,532

SOI Net investment income (Deta

SOI Net investment income (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net investment income
Investment income before expenses		$ 1,295,541	$ 1,273,008	$ 1,248,381
Investment expenses		(18,982)	(18,578)	(19,993)
Net investment income		1,276,559	1,254,430	1,228,388
Fixed maturity and short-term investments
Net investment income
Investment income before expenses		819,047	796,133	816,907
Mortgage loans on real estate
Net investment income
Investment income before expenses		142,478	150,284	149,497
Policy loans
Net investment income
Investment income before expenses		199,737	206,081	207,013
Limited partnership interests
Net investment income
Investment income before expenses		1,759	10,462	9,128
Net interest on funds withheld balances under reinsurance agreements, related party
Net investment income
Investment income before expenses		22,045	22,165	21,295
Derivative instruments (1)
Net investment income
Investment income before expenses	[1]	100,007	78,655	39,533
Other
Net investment income
Investment income before expenses		$ 10,468	$ 9,228	$ 5,008
[1]	Includes gains (losses) on the hedged asset for fair value hedges.

Summary of Investments Realized

Summary of Investments Realized Investments Gaines (Losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule of Investments [Line Items]
Realized investments gains (losses), net	$ 92,882	$ 83,710	$ 147,371
Fixed maturity and short-term investments
Schedule of Investments [Line Items]
Realized investments gains (losses), net	87,108	46,027	54,219
Derivative instruments (1)
Schedule of Investments [Line Items]
Realized investments gains (losses), net	(5,318)	5,840	90,504
Mortgage loans on real estate
Schedule of Investments [Line Items]
Realized investments gains (losses), net	10,972	31,841	6,857
Other
Schedule of Investments [Line Items]
Realized investments gains (losses), net	$ 120	$ 2	$ (4,209)

Summary of Investments Narrativ

Summary of Investments Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Schedule of Investments [Line Items]
Limited partnership and other corporation interests	$ 34,895,000	$ 40,980,000
Carrying value in relation to the activities of the VIEs	32,444,000	38,504,000
Maximum loss exposure of VIE	32,444,000	38,504,000
Fair value of securities on deposit with governmental authorities	7,659,000	14,000,000
Securities loaned to third parties at amortized cost	0	0
Total fixed maturity investments
Schedule of Investments [Line Items]
Change in net unrealized holding gain	$ (30,875,000)
Change in net realized holding gain (as a percent)	(9.00%)
Increase (decrease) in greater than twelve months unrealized losses and other-than-temporary impairment losses	$ 25,554,000
Unrealized loss and OTTI, 12 months or longer	$ 154,441,000	128,887,000
Corporate debt securities
Schedule of Investments [Line Items]
Unrealized losses and OTTI over twelve months on securities (as a percent)	90.00%
Unrealized loss and OTTI, 12 months or longer	$ 138,711,000	117,507,000
Perpetual debt securities
Schedule of Investments [Line Items]
Unrealized loss and OTTI, 12 months or longer	$ 6,791,000
Asset-backed securities
Schedule of Investments [Line Items]
Unrealized losses and OTTI over twelve months on securities (as a percent)	7.00%
Unrealized loss and OTTI, 12 months or longer	$ 11,417,000	$ 8,990,000
External Credit Rating, Non Investment Grade | Corporate debt securities
Schedule of Investments [Line Items]
Unrealized loss and OTTI, 12 months or longer	$ 13,285,000

Derivative Financial Instrume72

Derivative Financial Instruments (Details) - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015
Derivative financial instruments
Notional amount		$ 2,396,297	$ 1,788,922
Net derivatives, Fair value		108,104	(7,773)
Asset derivatives, Fair value	[1]	146,385	68,600
Liability derivatives, Fair value	[1]	38,281	76,373
Derivatives designated as hedges
Derivative financial instruments
Notional amount		1,034,008	524,673
Net derivatives, Fair value		78,737	40,557
Asset derivatives, Fair value	[1]	87,031	40,579
Liability derivatives, Fair value	[1]	8,294	22
Derivatives designated as hedges | Cash flow hedges
Derivative financial instruments
Notional amount		1,034,008	524,673
Net derivatives, Fair value		78,737	40,557
Asset derivatives, Fair value	[1]	87,031	40,579
Liability derivatives, Fair value	[1]	8,294	22
Derivatives designated as hedges | Cash flow hedges | Interest rate swaps
Derivative financial instruments
Notional amount		419,800	143,800
Net derivatives, Fair value		33,390	11,843
Asset derivatives, Fair value	[1]	33,390	11,843
Derivatives designated as hedges | Cash flow hedges | Cross-currency swaps
Derivative financial instruments
Notional amount		614,208	380,873
Net derivatives, Fair value		45,347	28,714
Asset derivatives, Fair value	[1]	53,641	28,736
Liability derivatives, Fair value	[1]	8,294	22
Derivatives not designated as hedges
Derivative financial instruments
Notional amount		1,362,289	1,264,249
Net derivatives, Fair value		29,367	(48,330)
Asset derivatives, Fair value	[1]	59,354	28,021
Liability derivatives, Fair value	[1]	29,987	76,351
Derivatives not designated as hedges | Interest rate swaps
Derivative financial instruments
Notional amount		468,100	303,600
Net derivatives, Fair value		(4,358)	3,240
Asset derivatives, Fair value	[1]	8,982	8,295
Liability derivatives, Fair value	[1]	13,340	5,055
Derivatives not designated as hedges | Cross-currency swaps
Derivative financial instruments
Notional amount		612,733	662,935
Net derivatives, Fair value		33,371	(51,759)
Asset derivatives, Fair value	[1]	50,018	19,537
Liability derivatives, Fair value	[1]	16,647	71,296
Derivatives not designated as hedges | Futures on equity indices
Derivative financial instruments
Notional amount		34,422	29,310
Derivatives not designated as hedges | Interest rate futures
Derivative financial instruments
Notional amount		81,500	117,200
Derivatives not designated as hedges | Interest rate swaptions
Derivative financial instruments
Notional amount		165,534	151,204
Net derivatives, Fair value		354	189
Asset derivatives, Fair value	[1]	$ 354	$ 189
[1]	The estimated fair value excludes accrued income and expense. The estimated fair value of all derivatives in an asset position is reported within other assets and the estimated fair value of all derivatives in a liability position is reported within other liabilities in the consolidated balance sheets.

Derivative Financial Instrume73

Derivative Financial Instruments (Details 2) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives recognized in net income		$ 77,060	$ 72,677	$ 124,086
Interest rate swaps | Net investment income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives recognized in net income	[1]	(4,541)	(1,094)	6,508
Cross-currency swaps | Net investment income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives recognized in net income	[1]	85,746	69,819	24,588
Cross-currency swaps | Realized investment gains (losses)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives recognized in net income	[1]	(1,601)
Interest rate futures | Net investment income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives recognized in net income	[1]	(57)	(65)	(51)
Interest rate futures | Realized investment gains (losses)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives recognized in net income	[2]	(164)	1	305
Futures on equity indices | Net investment income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives recognized in net income	[1]	817	(284)	(41)
Futures on equity indices | Realized investment gains (losses)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives recognized in net income	[2]	(7,930)	(527)	(534)
Interest rate swaptions | Net investment income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives recognized in net income	[1]	302	2,868	2,424
Interest rate swaptions | Realized investment gains (losses)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives recognized in net income	[2]	(313)	(3,115)	(3,578)
Currency forwards | Net investment income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives recognized in net income	[2]	111
Other forward contracts | Realized investment gains (losses)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives recognized in net income	[2]	4,690	5,074	94,465
Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in OCI on derivatives (Effective portion)		44,776	31,061	20,137
Gain (loss) reclassified from OCI into net income (Effective portion)		11,249	12,380	8,408
Cash flow hedges | Interest rate swaps | Net investment income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in OCI on derivatives (Effective portion)		810	2,228	9,096
Gain (loss) reclassified from OCI into net income (Effective portion)	[1]	5,437	6,779	7,462
Cash flow hedges | Interest rate swaps | Realized investment gains (losses)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from OCI into net income (Effective portion)	[2]	0	3,634	0
Cash flow hedges | Interest rate swaps | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in OCI on derivatives (Effective portion)		21,228
Gain (loss) reclassified from OCI into net income (Effective portion)	[2]	(2,657)
Cash flow hedges | Cross-currency swaps | Net investment income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in OCI on derivatives (Effective portion)		22,738	28,833	11,041
Gain (loss) reclassified from OCI into net income (Effective portion)	[1]	8,469	2,101	1,030
Cash flow hedges | Cross-currency swaps | Realized investment gains (losses)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from OCI into net income (Effective portion)	[2]	0	0	(154)
Cash flow hedges | Interest rate futures | Net investment income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from OCI into net income (Effective portion)	[1]	0	(134)	70
Fair value hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives recognized in net income		0	(734)	(3,444)
Gain (loss) on hedged assets recognized in net income		0	738	3,439
Fair value hedges | Interest rate swaps | Net investment income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives recognized in net income	[1]	0	(1,507)	(3,444)
Gain (loss) on hedged assets recognized in net income	[1]	0	1,511	3,439
Fair value hedges | Interest rate swaps | Realized investment gains (losses)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives recognized in net income	[2]	0	773	0
Gain (loss) on hedged assets recognized in net income	[2]	$ 0	$ (773)	$ 0
[1]	Net investment income.
[2]	Represents realized gains (losses) on closed positions recorded in realized investment gains (losses), net.

Derivative Financial Instrume74

Derivative Financial Instruments Derivative Financial Instruments (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Aggregate fair value of derivatives	$ 38,324,000	$ 76,107,000
Pledged collateral	0	45,940,000
Fair value of assets needed for settlement	38,324,000
Unrestricted cash collateral under derivative counterparty	0	50,924,000
Collateral under derivative counterparty to satisfy netting agreements	103,214,000	19,060,000
Net derivative gains	9,581,000
Net investment income
Derivative Instruments, Gain (Loss) [Line Items]
Change in fair value	(5,545,000)	11,257,000
Policyholders' Funds
Derivative Instruments, Gain (Loss) [Line Items]
Embedded derivatives - GLWB	5,712,000	11,257,000
Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Average notional amount of the derivative instruments	784,900,000	443,589,000
Cross-currency swaps
Derivative Instruments, Gain (Loss) [Line Items]
Average notional amount of the derivative instruments	1,141,967,000	937,242,000
Futures
Derivative Instruments, Gain (Loss) [Line Items]
Average notional amount of the derivative instruments	145,658,000	111,801,000
Swaptions
Derivative Instruments, Gain (Loss) [Line Items]
Average notional amount of the derivative instruments	156,632,000	212,299,000
Other forward contracts
Derivative Instruments, Gain (Loss) [Line Items]
Average notional amount of the derivative instruments	$ 2,230,167,000	$ 5,014,845,000

Summary of Offsetting Assets 75

Summary of Offsetting Assets and Liabilities (Details) - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015
Derivative instruments (assets)
Gross fair value of recognized assets	[1],[2]	$ 119,862	$ 66,435
Assets Gross fair value not offset in balance sheets
Financial instruments	[1]	(26,254)	(38,236)
Cash collateral pledged	[1]	92,756	19,060
Net fair value	[1]	852	9,139
Derivatives instrument (liabilities)
Gross fair value of recognized liabilities	[2],[3]	26,254	76,107
Liabilities Gross fair value not offset in balance sheets
Financial Instruments	[3]	(26,254)	(38,236)
Cash collateral pledged	[3]	0	(37,871)
Net fair value	[3]	$ 0	$ 0
[1]	The estimated fair value of derivative instrument assets is reported in other assets in the consolidated balance sheets. Derivative transactions entered into under ISDA master agreements include income and expense accruals.
[2]	The gross fair value of derivative instruments is not netted against offsetting liabilities for presentation on the consolidated balance sheets.
[3]	The estimated fair value of derivative instrument liabilities is reported in other liabilities in the consolidated balance sheets. Derivative transactions entered into under ISDA master agreements include income and expense accruals.

Fair Value - Recurring by FV hi

Fair Value - Recurring by FV hierarchy (Details) - USD ($)		Dec. 31, 2016		Dec. 31, 2015
Assets
Fixed maturities, available-for-sale		$ 22,153,703,000		$ 20,531,627,000
Fixed maturities held for trading		514,738,000		615,839,000
Short-term investments		303,988,000		267,026,000
Collateral under derivative counterparty collateral agreements		0		50,924,000
Total derivative instruments	[1]	146,385,000		68,600,000
Separate account assets		27,037,765,000		26,631,193,000
Liabilities
Collateral under derivative counterparty collateral agreements		103,214,000		19,060,000
Total derivative instruments	[1]	38,281,000		76,373,000
Separate account liabilities		27,037,765,000		26,631,193,000
Derivative instruments designated as hedges:
Assets
Total derivative instruments	[1]	87,031,000		40,579,000
Liabilities
Total derivative instruments	[1]	8,294,000		22,000
Derivative instruments not designated as hedges:
Assets
Total derivative instruments	[1]	59,354,000		28,021,000
Liabilities
Total derivative instruments	[1]	29,987,000		76,351,000
Derivative instruments not designated as hedges: | Interest rate swaps
Assets
Total derivative instruments	[1]	8,982,000		8,295,000
Liabilities
Total derivative instruments	[1]	13,340,000		5,055,000
Derivative instruments not designated as hedges: | Cross-currency swaps
Assets
Total derivative instruments	[1]	50,018,000		19,537,000
Liabilities
Total derivative instruments	[1]	16,647,000		71,296,000
Derivative instruments not designated as hedges: | Interest rate swaptions
Assets
Total derivative instruments	[1]	354,000		189,000
U.S. government direct obligations and U.S. agencies
Assets
Fixed maturities, available-for-sale		3,035,112,000		3,341,752,000
Obligations of U.S. states and their subdivisions
Assets
Fixed maturities, available-for-sale		2,098,662,000		2,219,173,000
Foreign government securities
Assets
Fixed maturities, available-for-sale				2,286,000
Corporate debt securities
Assets
Fixed maturities, available-for-sale		13,979,749,000	[2]	12,505,712,000	[3]
Asset-backed securities
Assets
Fixed maturities, available-for-sale		1,312,379,000		1,311,370,000
Residential mortgage-backed securities
Assets
Fixed maturities, available-for-sale		140,992,000		125,372,000
Commercial mortgage-backed securities
Assets
Fixed maturities, available-for-sale		1,225,282,000		1,016,908,000
Collateralized debt obligations
Assets
Fixed maturities, available-for-sale		361,527,000		9,054,000
Recurring basis
Assets and liabilities measured at fair value
Fair value alternative investments		430,000,000		534,000,000
Assets
Fixed maturities, available-for-sale		22,153,703,000		20,531,627,000
Fixed maturities held for trading		514,738,000		615,839,000
Short-term investments		303,988,000		267,026,000
Collateral under derivative counterparty collateral agreements		103,214,000		69,984,000
Total derivative instruments		146,385,000		68,600,000
Separate account assets		27,037,765,000		26,631,193,000
Total assets		50,259,793,000		48,184,269,000
Liabilities
Collateral under derivative counterparty collateral agreements		103,214,000		19,060,000
Total derivative instruments		38,281,000		76,373,000
Embedded derivatives - GLWB		5,712,000		11,257,000
Separate account liabilities		336,523,000	[4]	290,317,000	[5]
Total liabilities		483,730,000		397,007,000
Recurring basis | Derivative instruments designated as hedges: | Interest rate swaps
Assets
Total derivative instruments		33,390,000		11,843,000
Recurring basis | Derivative instruments designated as hedges: | Cross-currency swaps
Assets
Total derivative instruments		53,641,000		28,736,000
Liabilities
Total derivative instruments		8,294,000		22,000
Recurring basis | Derivative instruments not designated as hedges: | Interest rate swaps
Assets
Total derivative instruments		8,982,000		8,295,000
Liabilities
Total derivative instruments		13,340,000		5,055,000
Recurring basis | Derivative instruments not designated as hedges: | Cross-currency swaps
Assets
Total derivative instruments		50,018,000		19,537,000
Liabilities
Total derivative instruments		16,647,000		71,296,000
Recurring basis | Derivative instruments not designated as hedges: | Interest rate swaptions
Assets
Total derivative instruments		354,000		189,000
Recurring basis | U.S. government direct obligations and U.S. agencies
Assets
Fixed maturities, available-for-sale		3,035,112,000		3,341,752,000
Fixed maturities held for trading		458,067,000		558,208,000
Recurring basis | Obligations of U.S. states and their subdivisions
Assets
Fixed maturities, available-for-sale		2,098,662,000		2,219,173,000
Recurring basis | Foreign government securities
Assets
Fixed maturities, available-for-sale				2,286,000
Recurring basis | Corporate debt securities
Assets
Fixed maturities, available-for-sale		13,979,749,000		12,505,712,000
Fixed maturities held for trading		55,591,000		56,566,000
Recurring basis | Asset-backed securities
Assets
Fixed maturities, available-for-sale		1,312,379,000		1,311,370,000
Recurring basis | Residential mortgage-backed securities
Assets
Fixed maturities, available-for-sale		140,992,000		125,372,000
Recurring basis | Commercial mortgage-backed securities
Assets
Fixed maturities, available-for-sale		1,225,282,000		1,016,908,000
Fixed maturities held for trading		1,080,000		1,065,000
Recurring basis | Collateralized debt obligations
Assets
Fixed maturities, available-for-sale		361,527,000		9,054,000
Recurring basis | Quoted prices in active markets for identical assets (Level 1)
Assets
Short-term investments		267,851,000		132,288,000
Collateral under derivative counterparty collateral agreements		103,214,000		69,984,000
Separate account assets		15,407,992,000		15,249,966,000
Total assets		15,779,057,000		15,452,238,000
Liabilities
Collateral under derivative counterparty collateral agreements		103,214,000		19,060,000
Separate account liabilities		55,000	[4]	24,000	[5]
Total liabilities		103,269,000		19,084,000
Recurring basis | Significant other observable inputs (Level 2)
Assets
Fixed maturities, available-for-sale		22,142,064,000		20,527,089,000
Fixed maturities held for trading		514,738,000		615,839,000
Short-term investments		36,137,000		134,738,000
Total derivative instruments		146,385,000		68,600,000
Separate account assets		11,199,924,000		10,847,266,000
Total assets		34,039,248,000		32,193,532,000
Liabilities
Total derivative instruments		38,281,000		76,373,000
Separate account liabilities		336,468,000	[4]	290,293,000	[5]
Total liabilities		374,749,000		366,666,000
Recurring basis | Significant other observable inputs (Level 2) | Derivative instruments designated as hedges: | Interest rate swaps
Assets
Total derivative instruments		33,390,000		11,843,000
Recurring basis | Significant other observable inputs (Level 2) | Derivative instruments designated as hedges: | Cross-currency swaps
Assets
Total derivative instruments		53,641,000		28,736,000
Liabilities
Total derivative instruments		8,294,000		22,000
Recurring basis | Significant other observable inputs (Level 2) | Derivative instruments not designated as hedges: | Interest rate swaps
Assets
Total derivative instruments		8,982,000		8,295,000
Liabilities
Total derivative instruments		13,340,000		5,055,000
Recurring basis | Significant other observable inputs (Level 2) | Derivative instruments not designated as hedges: | Cross-currency swaps
Assets
Total derivative instruments		50,018,000		19,537,000
Liabilities
Total derivative instruments		16,647,000		71,296,000
Recurring basis | Significant other observable inputs (Level 2) | Derivative instruments not designated as hedges: | Interest rate swaptions
Assets
Total derivative instruments		354,000		189,000
Recurring basis | Significant other observable inputs (Level 2) | U.S. government direct obligations and U.S. agencies
Assets
Fixed maturities, available-for-sale		3,035,112,000		3,341,752,000
Fixed maturities held for trading		458,067,000		558,208,000
Recurring basis | Significant other observable inputs (Level 2) | Obligations of U.S. states and their subdivisions
Assets
Fixed maturities, available-for-sale		2,098,662,000		2,219,173,000
Recurring basis | Significant other observable inputs (Level 2) | Foreign government securities
Assets
Fixed maturities, available-for-sale				2,286,000
Recurring basis | Significant other observable inputs (Level 2) | Corporate debt securities
Assets
Fixed maturities, available-for-sale		13,968,110,000		12,501,174,000
Fixed maturities held for trading		55,591,000		56,566,000
Recurring basis | Significant other observable inputs (Level 2) | Asset-backed securities
Assets
Fixed maturities, available-for-sale		1,312,379,000		1,311,370,000
Recurring basis | Significant other observable inputs (Level 2) | Residential mortgage-backed securities
Assets
Fixed maturities, available-for-sale		140,992,000		125,372,000
Recurring basis | Significant other observable inputs (Level 2) | Commercial mortgage-backed securities
Assets
Fixed maturities, available-for-sale		1,225,282,000		1,016,908,000
Fixed maturities held for trading		1,080,000		1,065,000
Recurring basis | Significant other observable inputs (Level 2) | Collateralized debt obligations
Assets
Fixed maturities, available-for-sale		361,527,000		9,054,000
Recurring basis | Significant unobservable inputs (Level 3)
Assets
Fixed maturities, available-for-sale		11,639,000		4,538,000
Total assets		11,639,000		4,538,000
Liabilities
Embedded derivatives - GLWB		5,712,000		11,257,000
Total liabilities		5,712,000		11,257,000
Recurring basis | Significant unobservable inputs (Level 3) | Corporate debt securities
Assets
Fixed maturities, available-for-sale		11,639,000		4,538,000
Recurring basis | Significant unobservable inputs (Level 3) | Asset-backed securities
Assets
Fixed maturities, available-for-sale		0		0
Recurring basis | Significant unobservable inputs (Level 3) | Collateralized debt obligations
Assets
Fixed maturities, available-for-sale		$ 0		$ 0
[1]	The estimated fair value excludes accrued income and expense. The estimated fair value of all derivatives in an asset position is reported within other assets and the estimated fair value of all derivatives in a liability position is reported within other liabilities in the consolidated balance sheets.
[2]	Includes perpetual debt investments with amortized cost of $135,187 and estimated fair value of $113,239.
[3]	Includes perpetual debt investments with amortized cost of $149,062 and estimated fair value of $116,423.
[4]	Includes only separate account instruments which are carried at the fair value of the underlying liabilities owned by the separate accounts.
[5]	Includes only separate account instruments which are carried at the fair value of the underlying liabilities owned by the separate accounts.

Fair Value - Recurring basis Le

Fair Value - Recurring basis Level 3 rollforward (Details) - Recurring basis - Significant unobservable inputs (Level 3) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016		Dec. 31, 2015		Dec. 31, 2014
Recurring Level 3 financial assets and liabilities
Balance at the beginning of the period		$ 4,538		$ 5,878		$ 259,642
Net Income				0		(17)
Other comprehensive income (loss)				(178)		(193)
Settlements				(1,126)		(651)	[1]
Transfers out of Level 3 (1)				(36)	[2]	(252,903)
Balance at the end of the period				4,538		5,878
Total gains (losses) for the period included in net income attributable to the change in unrealized gains and losses relating to assets held at December 31, 2015				0		0
Corporate debt securities
Recurring Level 3 financial assets and liabilities
Balance at the beginning of the period		4,538		5,842		6,652
Net Income		0		0		0
Other comprehensive income (loss)		273		(178)		(178)
Settlements		(1,478)		(1,126)		(632)	[1]
Transfers into Level 3 (1)	[1]	11,236
Transfers out of Level 3 (1)		(2,930)	[3]	0	[2]	0
Balance at the end of the period		11,639		4,538		5,842
Total gains (losses) for the period included in net income attributable to the change in unrealized gains and losses relating to assets held at December 31, 2015		0		0		0
Asset-backed securities
Recurring Level 3 financial assets and liabilities
Balance at the beginning of the period		0		36		252,958
Net Income				0		0
Other comprehensive income (loss)				0		0
Settlements				0		(19)	[1]
Transfers out of Level 3 (1)				(36)	[2]	(252,903)
Balance at the end of the period				0		36
Total gains (losses) for the period included in net income attributable to the change in unrealized gains and losses relating to assets held at December 31, 2015				0		0
Fixed maturities available-for-sale, Collateralized debt obligations
Recurring Level 3 financial assets and liabilities
Balance at the beginning of the period				0		32
Net Income						(17)
Other comprehensive income (loss)						(15)
Settlements	[1]					0
Transfers out of Level 3 (1)						0
Balance at the end of the period						0
Total gains (losses) for the period included in net income attributable to the change in unrealized gains and losses relating to assets held at December 31, 2015						0
Embedded derivatives - GLWB
Recurring Level 3 financial assets and liabilities
Balance at the beginning of the period		11,257		0
Net Income		(5,545)		11,257
Other comprehensive income (loss)		0		0
Settlements		0		0
Transfers out of Level 3 (1)		0	[3]	0
Balance at the end of the period		5,712		11,257		$ 0
Total gains (losses) for the period included in net income attributable to the change in unrealized gains and losses relating to assets held at December 31, 2015		$ (5,545)		$ 11,257
[1]	1) Transfers out of Level 3 are due primarily to increased observability of inputs in valuation methodologies as evidenced by corroboration of market prices with multiple pricing vendors and internal models.
[2]	1) Transfers out of Level 3 are due primarily to increased observability of inputs in valuation methodologies as evidenced by corroboration of market prices with multiple pricing vendors and internal models.
[3]	Transfers out of Level 3 are due primarily to increased observability of inputs in valuation methodologies as evidenced by corroboration of market prices with multiple pricing vendors and internal models.

Fair Value Measurements FV Inpu

Fair Value Measurements FV Inputs of Assets (Details) - Recurring basis - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Embedded derivatives - GLWB	$ 5,712	$ 11,257
Significant unobservable inputs (Level 3)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Embedded derivatives - GLWB	$ 5,712	$ 11,257
Minimum | Internal model pricing valuation | Significant unobservable inputs (Level 3)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity Volatility	15.00%	15.00%
Swap Curve	0.75%	0.75%
Lapse Rate	1.00%	1.00%
Maximum | Internal model pricing valuation | Significant unobservable inputs (Level 3)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity Volatility	28.00%	28.00%
Swap Curve	3.00%	3.00%
Lapse Rate	15.00%	15.00%

Fair Value Measurements - Finan

Fair Value Measurements - Financial Instruments and Investments Not Carried at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Assets
Mortgage loans on real estate	$ 3,558,826	$ 3,247,704
Policy loans	4,019,648	4,092,661
Liabilities
Policyholders’ funds	285,554	299,577
Commercial paper	99,049	93,371
Carrying amount
Assets
Mortgage loans on real estate	3,558,826	3,247,704
Policy loans	4,019,648	4,092,661
Limited partnership interests	29,345	35,039
Other investments	14,382	14,596
Liabilities
Annuity contract benefits without life contingencies	12,291,378	11,104,721
Policyholders’ funds	285,554	299,577
Commercial paper	99,049	93,371
Notes payable	531,092	532,575
Estimated fair value
Assets
Mortgage loans on real estate	3,574,240	3,362,496
Policy loans	4,019,648	4,092,661
Limited partnership interests	29,822	34,882
Other investments	44,687	44,723
Liabilities
Annuity contract benefits without life contingencies	12,129,631	10,839,205
Policyholders’ funds	285,554	299,577
Commercial paper	99,049	93,371
Notes payable	$ 495,004	$ 563,633

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details)	12 Months Ended
	Dec. 31, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notice required to change policyholders' funds interest crediting rate	30 days
Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Estimated liquidation period of underlying assets of the funds	1 year
Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Estimated liquidation period of underlying assets of the funds	10 years

Minimum Guarantees - Assumption

Minimum Guarantees - Assumptions and Methodologies Used to Determine GMDB (Details) - GMDB - Scenario	Dec. 31, 2016	Dec. 31, 2015
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Data used (number of scenarios)	1,050	1,050
Discount rates	5.00%	5.00%
Minimum | Regular Equity
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Mean investment performance	7.00%	7.00%
Volatility	10.00%	10.00%
Minimum | Fixed, Bond, Money Market
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Mean investment performance	0.00%	0.00%
Volatility	0.00%	0.00%
Maximum | Regular Equity
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Mean investment performance	13.00%	13.00%
Volatility	35.00%	35.00%
Maximum | Fixed, Bond, Money Market
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Mean investment performance	10.00%	10.00%
Volatility	9.00%	9.00%

Minimum Guarantees - Separate A

Minimum Guarantees - Separate Account Liabilities for GMDB (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Net Amount at Risk by Product and Guarantee [Line Items]
Separate account liability	$ 469,176	$ 266,239
Net amount at risk, net of reinsurance	28,832	36,632
GMDB
Net Amount at Risk by Product and Guarantee [Line Items]
Separate account liability	55,607	55,999
Net amount at risk, net of reinsurance	$ 25,891	$ 29,050
Weighted average attained age	71 years	70 years
GLWB
Net Amount at Risk by Product and Guarantee [Line Items]
Separate account liability	$ 413,569	$ 210,240
Net amount at risk, net of reinsurance	$ 2,941	$ 7,582
Weighted average attained age	58 years	57 years

Minimum Guarantees - Amounts Pa

Minimum Guarantees - Amounts Paid and Incurred for GMDB (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Movement in Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross [Roll Forward]
Balances, January 1,	$ 10,280	$ 5,566	$ 5,993
Incurred guaranteed benefits	(2,608)	5,634	305
Paid guaranteed benefits	(503)	(920)	(732)
Balances, December 31,	7,169	10,280	5,566
GMDB
Movement in Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross [Roll Forward]
Balances, January 1,	5,467	5,566	5,993
Incurred guaranteed benefits	132	821	305
Paid guaranteed benefits	(503)	(920)	(732)
Balances, December 31,	5,096	5,467	5,566
GLWB
Movement in Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross [Roll Forward]
Balances, January 1,	4,813	0	0
Incurred guaranteed benefits	(2,740)	4,813	0
Paid guaranteed benefits	0	0	0
Balances, December 31,	$ 2,073	$ 4,813	$ 0

Minimum Guarantees - Fair Value

Minimum Guarantees - Fair Value of Equity Securities Supporting Separate Accounts (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Fair value of assets supporting separate accounts	$ 468,582	$ 265,825
GMDB
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Fair value of assets supporting separate accounts	55,605	55,997
GLWB
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Fair value of assets supporting separate accounts	$ 412,977	$ 209,828

Reinsurance (Details)

Reinsurance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Life insurance in-force
Written and earned direct	$ 96,428,523	$ 95,259,051
Reinsurance ceded	(11,401,557)	(10,563,137)
Reinsurance assumed	56,165,011	58,742,234
Net	$ 141,191,977	$ 143,438,148
Percentage of amount assumed to net	40.00%	41.00%
Premium income
Net	$ 465,349	$ 445,550	$ 446,395
Individual
Life insurance in-force
Written and earned direct	54,618,888	53,403,194
Reinsurance ceded	(10,568,467)	(10,169,625)
Reinsurance assumed	56,165,011	58,742,234
Net	$ 100,215,432	$ 101,975,803
Percentage of amount assumed to net	56.00%	58.00%
Group
Life insurance in-force
Written and earned direct	$ 41,809,635	$ 41,855,857
Reinsurance ceded	(833,090)	(393,512)
Reinsurance assumed	0	0
Net	$ 40,976,545	$ 41,462,345
Percentage of amount assumed to net	0.00%	0.00%
Life insurance
Premium income
Written and earned direct	$ 392,654	$ 368,442	360,959
Reinsurance ceded	(52,397)	(48,107)	(45,925)
Reinsurance assumed	123,175	124,798	130,201
Net	463,432	445,133	445,235
Annuities
Premium income
Written and earned direct	1,998	503	1,255
Reinsurance ceded	(81)	(86)	(95)
Net	1,917	417	1,160
Premium Income
Premium income
Written and earned direct	394,652	368,945	362,214
Reinsurance ceded	(52,478)	(48,193)	(46,020)
Reinsurance assumed	123,175	124,798	130,201
Net	$ 465,349	$ 445,550	$ 446,395

Reinsurance Reinsurance Narrati

Reinsurance Reinsurance Narrative (Details)	12 Months Ended
	Dec. 31, 2016USD ($)counterparty	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Initial maximum coverage, per individual life retained	$ 3,500,000
Maximum annual growth due to automatic policy increases in coverage, per annum	175,000
Overall maximum growth due to automatic increase in coverage	1,000,000
Reinsurance receivable	598,864,000	$ 604,946,000
Reinsurance recoverable	$ 522,950,000	530,213,000
Number of insurers and reinsurers from whom risk is assumed, in counterparties | counterparty	40
Life insurance and annuity future benefits with life contingencies	$ 16,530,160,000	15,955,510,000
Life and other policy benefits, reinsurance recoveries	$ 39,520,000	$ 23,179,000	$ 23,965,000
CLAC | Reinsurance Recoverable | Reinsurer Concentration Risk
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Total reinsurance receivable due from CLAC, a related party (as a percent)	87.00%	88.00%
Maximum
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Life insurance and annuity future benefits with life contingencies	$ 4,500,000

Deferred Acquisition Costs an87

Deferred Acquisition Costs and Value of Business Acquired (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
DAC
Balance at the beginning of the period	$ 393,418	$ 353,408	$ 314,071
Capitalized additions	93,222	63,093	110,315
Amortization and writedowns	(29,317)	(96,095)	(41,045)
Unrealized investment (gains) losses	10,522	73,012	(29,933)
Balance at the end of the period	467,845	393,418	353,408
VOBA
Balance at the beginning of the period	20,725	25,286	29,217
Amortization and writedowns	(1,992)	(4,493)	(3,801)
Unrealized investment (gains) losses	112	(68)	(130)
Balance at the end of the period	18,845	20,725	25,286
Total
Balance at the beginning of the period	414,143	378,694	343,288
Capitalized additions	93,222	63,093	110,315
Amortization and writedowns	(31,309)	(100,588)	(44,846)
Unrealized investment (gains) losses	10,634	72,944	(30,063)
Balance at the end of the period	486,690	$ 414,143	$ 378,694
Estimated future amortization of VOBA
Estimated future amortization of VOBA in 2017	3,200
Estimated future amortization of VOBA in 2018	3,200
Estimated future amortization of VOBA in 2019	3,200
Estimated future amortization of VOBA in 2020	3,200
Estimated future amortization of VOBA in 2021	$ 3,200

Goodwill and Other Intangible88

Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Goodwill and other intangible assets
Net book value	$ 20,087	$ 23,819
Empower Retirement Segment
Goodwill and other intangible assets
Gross carrying amount	48,905	48,905
Accumulated amortization	(28,818)	(25,086)
Net book value	20,087	23,819
Empower Retirement Segment | Customer relationships
Goodwill and other intangible assets
Gross carrying amount	47,580	47,580
Accumulated amortization	(27,517)	(24,251)
Net book value	20,063	23,329
Empower Retirement Segment | NonCompete
Goodwill and other intangible assets
Gross carrying amount	1,325	1,325
Accumulated amortization	(1,301)	(835)
Net book value	$ 24	$ 490

Goodwill and Other Intangible89

Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 137,683,000	$ 137,683,000
Amortization expense included in general insurance expenses	3,732,000	4,096,000	$ 3,531,000
Intangible assets with indefinite lives	0
2,017	2,200,000
2,018	2,200,000
2,019	2,200,000
2,020	2,200,000
2,021	2,200,000
Empower Retirement Segment
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 137,683,000	$ 137,683,000

Commercial Paper (Details)

Commercial Paper (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Short-term Debt [Line Items]
Carrying value	$ 99,049	$ 93,371
Commercial paper
Short-term Debt [Line Items]
Face value	99,049	93,371
Carrying value	$ 99,049	$ 93,371
Minimum | Commercial paper
Short-term Debt [Line Items]
Maturity range	10 days	8 days
Effective interest rate (as a percent)	0.70%	0.50%
Maximum | Commercial paper
Short-term Debt [Line Items]
Maturity range	30 days	28 days
Effective interest rate (as a percent)	0.80%	0.60%

Commercial Paper Commercial Pap

Commercial Paper Commercial Paper (Narrative) (Details)	Dec. 31, 2016USD ($)
Commercial paper
Short-term Debt [Line Items]
Amount of credit facility under agreement for general corporate purposes	$ 50,000,000

Stockholder's Equity and Divi92

Stockholder's Equity and Dividend Restrictions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net income and capital and surplus, as determined in accordance with statutory accounting principles and practices as prescribed by the National Association of Insurance Commissioners
Net income	$ 100,657,000	$ 187,232,000	$ 134,091,000
Capital and surplus	$ 1,053,333,000	$ 1,114,764,000
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized	50,000,000	50,000,000
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares issued	7,292,708	7,232,986
Common stock, shares outstanding	7,292,708	7,232,986
Percentage of ACL as minimum level of TAC before corrective action commences	200.00%
Dividends paid to the parent company, GWL&A Financial	$ 125,691,000	$ 139,533,000	$ 316,401,000
Dividends available for distribution without prior approval	101,753,000
Colorado Division of Insurance
Net income and capital and surplus, as determined in accordance with statutory accounting principles and practices as prescribed by the National Association of Insurance Commissioners
Statutory capital and surplus required	2,000,000
Net gain from operations	$ 101,753,000

Other Comprehensive Income - Ac

Other Comprehensive Income - Accum Balances for each classification (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balances		$ 1,882,266	$ 2,137,513	$ 1,875,732
Other comprehensive income (loss) before reclassifications		44,680	(343,098)	288,713
Amounts reclassified from AOCI		(42,243)	(26,482)	(31,449)
Net current period other comprehensive income (loss)	[1]	2,437	(369,580)	257,264
Balances		2,012,321	1,882,266	2,137,513
Unrealized holding gains / losses arising on fixed maturities, available-for-sale
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balances		339,520	784,183	434,023
Other comprehensive income (loss) before reclassifications		13,192	(418,522)	381,198
Amounts reclassified from AOCI		(40,964)	(26,141)	(31,038)
Net current period other comprehensive income (loss)		(27,772)	(444,663)	350,160
Balances		311,748	339,520	784,183
Unrealized holding gains / losses arising on cash flow hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balances		45,284	33,141	25,517
Other comprehensive income (loss) before reclassifications		29,104	20,190	13,089
Amounts reclassified from AOCI		(7,312)	(8,047)	(5,465)
Net current period other comprehensive income (loss)		21,792	12,143	7,624
Balances		67,076	45,284	33,141
Future policy benefits, DAC and VOBA adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balances		(65,785)	(108,194)	(70,000)
Other comprehensive income (loss) before reclassifications		7,139	42,409	(38,194)
Net current period other comprehensive income (loss)		7,139	42,409	(38,194)
Balances		(58,646)	(65,785)	(108,194)
Employee benefit plan adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balances		(85,581)	(106,112)	(43,786)
Other comprehensive income (loss) before reclassifications		(4,755)	12,825	(67,380)
Amounts reclassified from AOCI		6,033	7,706	5,054
Net current period other comprehensive income (loss)		1,278	20,531	(62,326)
Balances		(84,303)	(85,581)	(106,112)
Accumulated other comprehensive income (loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balances		233,438	603,018	345,754
Net current period other comprehensive income (loss)		2,437	(369,580)	257,264
Balances		$ 235,875	$ 233,438	$ 603,018
[1]	Other comprehensive income (loss) includes the non-credit component of impaired losses on fixed maturities available-for-sale, net of future policy benefits, DAC and VOBA adjustments and income taxes, in the amounts of $(6,520), $(6,596), and $177 for the years ended December 31, 2016, 2015, and 2014, respectively.

Other Comprehensive Income - Co

Other Comprehensive Income - Composition of OCI (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Before-tax amount
Unrealized holding gains (losses) arising during the period on available-for-sale fixed maturity investments		$ 20,295	$ (643,880)	$ 586,458
Unrealized holding gains (losses) arising during the period on cash flow hedges		44,776	31,061	20,137
Reclassification adjustment for (gains) losses realized in net income		(74,271)	(52,597)	(56,159)
Net unrealized gains (losses) related to investments		(9,200)	(665,416)	550,436
Future policy benefits, DAC and VOBA adjustments		10,983	65,245	(58,760)
Net unrealized gains (losses)		1,783	(600,171)	491,676
Employee benefit plan adjustment		1,966	31,586	(95,886)
Other comprehensive income (loss) before income taxes		3,749	(568,585)	395,790
Tax (expense) benefit
Unrealized holding gains (losses) arising during the period on available-for-sale fixed maturity investments		(7,103)	225,358	(205,260)
Unrealized holding gains (losses) arising during the period on cash flow hedges		(15,672)	(10,871)	(7,048)
Reclassification adjustment for (gains) losses realized in net income		25,995	18,409	19,656
Net unrealized gains (losses)		3,220	232,896	(192,652)
Future policy benefits, DAC and VOBA adjustments		(3,844)	(22,836)	20,566
Net unrealized gains (losses)		(624)	210,060	(172,086)
Employee benefit plan adjustment		(688)	(11,055)	33,560
Other comprehensive income (loss)		(1,312)	199,005	(138,526)
Net-of-tax amount
Unrealized holding gains (losses) arising during the period on available-for-sale fixed maturity investments		13,192	(418,522)	381,198
Unrealized holding gains (losses) arising during the period on cash flow hedges		29,104	20,190	13,089
Reclassification adjustment for (gains) losses realized in net income		(48,276)	(34,188)	(36,503)
Net unrealized gains (losses)		(5,980)	(432,520)	357,784
Future policy benefits, DAC and VOBA adjustments		7,139	42,409	(38,194)
Net unrealized gains (losses)		1,159	(390,111)	319,590
Employee benefit plan adjustment		1,278	20,531	(62,326)
Net current period other comprehensive income (loss)	[1]	$ 2,437	$ (369,580)	$ 257,264
[1]	Other comprehensive income (loss) includes the non-credit component of impaired losses on fixed maturities available-for-sale, net of future policy benefits, DAC and VOBA adjustments and income taxes, in the amounts of $(6,520), $(6,596), and $177 for the years ended December 31, 2016, 2015, and 2014, respectively.

Other Comprehensive Income - Re

Other Comprehensive Income - Reclassifications out of AOCI (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Reclassifications out of accumulated other comprehensive income (loss)
Other realized investment (gains) losses, net		$ (97,845)	$ (84,832)	$ (151,705)
Net investment income		(1,276,559)	(1,254,430)	(1,228,388)
Interest expense		33,705	38,588	37,286
Total before tax		316,604	288,979	473,272
Tax expense or benefit		85,512	98,524	155,903
Net income		231,092	190,455	317,369
Net of tax		(42,243)	(26,482)	(31,449)
Unrealized holding gains / losses arising on fixed maturities, available-for-sale | Amount reclassified from accumulated other comprehensive income (loss)
Reclassifications out of accumulated other comprehensive income (loss)
Other realized investment (gains) losses, net		(63,022)	(40,217)	(47,751)
Total before tax		63,022	40,217	47,751
Tax expense or benefit		22,058	14,076	16,713
Net income		40,964	26,141	31,038
Unrealized holding gains / losses arising on cash flow hedges | Amount reclassified from accumulated other comprehensive income (loss)
Reclassifications out of accumulated other comprehensive income (loss)
Net investment income		(13,906)	(12,380)	(8,408)
Interest expense		2,657	0	0
Total before tax		11,249	12,380	8,408
Tax expense or benefit		3,937	4,333	2,943
Net income		7,312	8,047	5,465
Employee benefit plan adjustment
Reclassifications out of accumulated other comprehensive income (loss)
Reclassification from AOCI		9,281	11,856	7,776
Tax expense or benefit		(3,248)	(4,150)	(2,722)
Net of tax		6,033	7,706	5,054
Prior service costs (benefits)
Reclassifications out of accumulated other comprehensive income (loss)
Reclassification from AOCI	[1]	601	694	(3,189)
Actuarial losses (gains)
Reclassifications out of accumulated other comprehensive income (loss)
Reclassification from AOCI	[1]	9,882	12,550	2,730
Settlement
Reclassifications out of accumulated other comprehensive income (loss)
Reclassification from AOCI	[1]	$ 0	$ 0	$ 1,857
[1]	These accumulated other comprehensive income components are included in the computation of net periodic (benefit) cost of employee benefit plans (see Note 17 for additional details).

General Insurance Expenses (Det

General Insurance Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Selling, General and Administrative Expense [Abstract]
Compensation	$ 625,364	$ 564,008	$ 406,601
Commissions	222,028	206,360	210,797
Other	333,835	308,628	163,593
Total general insurance expenses	$ 1,181,227	$ 1,078,996	$ 780,991

Employee Benefit Plans Employee

Employee Benefit Plans Employee Benefit Plan (Change in projected benefit obligation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation, January 1	$ 655,822	$ 621,312	$ 651,694
Service cost	137	14,175
Interest cost	27,751	26,669
Actuarial (gain) loss	28,247	(49,007)
Regular benefits paid	(21,625)	(22,558)
Acquisition	0	339
Benefit obligation, December 31	655,822	621,312	651,694	$ 655,822	$ 621,312
Accumulated benefit obligation				637,153	602,830
Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation, January 1	592,290	560,817	583,080
Service cost	(1,403)	12,851	4,952
Interest cost	25,263	23,987	23,068
Actuarial (gain) loss	24,928	(42,863)
Regular benefits paid	(17,315)	(16,238)
Benefit obligation, December 31	592,290	560,817	583,080	592,290	560,817
Accumulated benefit obligation				575,024	544,011
Post-Retirement Medical Plan
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation, January 1	19,031	16,637	12,782
Service cost	1,246	1,042	985
Interest cost	713	560	574
Actuarial (gain) loss	1,408	3,360
Regular benefits paid	(973)	(1,446)
Acquisition	0	339
Benefit obligation, December 31	19,031	16,637	12,782	19,031	16,637
Accumulated benefit obligation				19,031	16,637
Supplemental Executive Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation, January 1	44,501	43,858	55,832
Service cost	294	282	586
Interest cost	1,775	2,122	2,528
Actuarial (gain) loss	1,911	(9,504)
Regular benefits paid	(3,337)	(4,874)
Benefit obligation, December 31	$ 44,501	$ 43,858	$ 55,832	44,501	43,858
Accumulated benefit obligation				$ 43,098	$ 42,182

Employee Benefit Plans Employ98

Employee Benefit Plans Employee Benefit Plan (change in plan assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Value of plan assets, January 1	$ 427,131	$ 443,962
Actual return on plan assets	43,271	(593)
Employer contributions	4,310	6,320
Regular benefits paid	(21,625)	(22,558)
Value of plan assets, December 31	453,087	427,131
Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Value of plan assets, January 1	427,131	443,962
Actual return on plan assets	43,271	(593)
Employer contributions	0	0
Regular benefits paid	(17,315)	(16,238)
Value of plan assets, December 31	453,087	427,131
Post-Retirement Medical Plan
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	973	1,446
Regular benefits paid	(973)	(1,446)
Supplemental Executive Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	3,337	4,874
Regular benefits paid	$ (3,337)	$ (4,874)

Employee Benefit Plans Employ99

Employee Benefit Plans Employee Benefit Plan (underfunded status) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Under funded status at December 31	$ (202,735)	$ (194,181)
Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Under funded status at December 31	(139,203)	(133,686)
Post-Retirement Medical Plan
Defined Benefit Plan Disclosure [Line Items]
Under funded status at December 31	(19,031)	(16,637)
Supplemental Executive Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
Under funded status at December 31	$ (44,501)	$ (43,858)

Employee Benefit Plans Emplo100

Employee Benefit Plans Employee Benefit Plans (Amount recognized in consolidated balance sheet) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Under funded status at December 31	$ (202,735)	$ (194,181)
Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Under funded status at December 31	(139,203)	(133,686)
Post-Retirement Medical Plan
Defined Benefit Plan Disclosure [Line Items]
Under funded status at December 31	(19,031)	(16,637)
Supplemental Executive Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
Under funded status at December 31	(44,501)	(43,858)
Other liabilities
Defined Benefit Plan Disclosure [Line Items]
Under funded status at December 31	(202,735)	(194,181)
Other liabilities | Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Under funded status at December 31	(139,203)	(133,686)
Other liabilities | Post-Retirement Medical Plan
Defined Benefit Plan Disclosure [Line Items]
Under funded status at December 31	(19,031)	(16,637)
Other liabilities | Supplemental Executive Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
Under funded status at December 31	(44,501)	(43,858)
Accumulated other comprehensive income (loss)
Defined Benefit Plan Disclosure [Line Items]
Under funded status at December 31	(129,700)	(131,666)
Accumulated other comprehensive income (loss) | Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Under funded status at December 31	(133,055)	(139,316)
Accumulated other comprehensive income (loss) | Post-Retirement Medical Plan
Defined Benefit Plan Disclosure [Line Items]
Under funded status at December 31	5,715	8,540
Accumulated other comprehensive income (loss) | Supplemental Executive Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
Under funded status at December 31	$ (2,360)	$ (890)

Employee Benefit Plans Emplo101

Employee Benefit Plans Employee Benefit Plan (Amount in AOCI not yet realized) (Details) $ in Thousands	Dec. 31, 2016USD ($)
Defined Benefit Plan Disclosure [Line Items]
Net gain (loss), gross	$ (128,624)
Net prior service (cost) credit, Gross	(1,076)
Amounts in accumulated other comprehensive income (loss) that have not yet been recognized as components of net periodic benefit cost, Gross	(129,700)
Net gain (loss), Net of tax	(83,606)
Net prior service (cost) credit, Net of tax	(699)
Amounts in accumulated other comprehensive income (loss) that have not yet been recognized as components of net periodic benefit cost, Net of tax	(84,305)
Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Net gain (loss), gross	(133,055)
Net prior service (cost) credit, Gross	0
Amounts in accumulated other comprehensive income (loss) that have not yet been recognized as components of net periodic benefit cost, Gross	(133,055)
Net gain (loss), Net of tax	(86,486)
Net prior service (cost) credit, Net of tax	0
Amounts in accumulated other comprehensive income (loss) that have not yet been recognized as components of net periodic benefit cost, Net of tax	(86,486)
Post-Retirement Medical Plan
Defined Benefit Plan Disclosure [Line Items]
Net gain (loss), gross	5,091
Net prior service (cost) credit, Gross	624
Amounts in accumulated other comprehensive income (loss) that have not yet been recognized as components of net periodic benefit cost, Gross	5,715
Net gain (loss), Net of tax	3,309
Net prior service (cost) credit, Net of tax	406
Amounts in accumulated other comprehensive income (loss) that have not yet been recognized as components of net periodic benefit cost, Net of tax	3,715
Supplemental Executive Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
Net gain (loss), gross	(660)
Net prior service (cost) credit, Gross	(1,700)
Amounts in accumulated other comprehensive income (loss) that have not yet been recognized as components of net periodic benefit cost, Gross	(2,360)
Net gain (loss), Net of tax	(429)
Net prior service (cost) credit, Net of tax	(1,105)
Amounts in accumulated other comprehensive income (loss) that have not yet been recognized as components of net periodic benefit cost, Net of tax	$ (1,534)

Employee Benefit Plans Emplo102

Employee Benefit Plans Employee Benefit Plans (Amounts in AOCI expected to be realized) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Defined Benefit Plan Disclosure [Line Items]
Net gain (loss), Gross	$ (8,535)
Net prior service (cost) credit, Gross	(48)
Amounts in accumulated other comprehensive income (loss) that are expected to be recognized as components of net periodic benefit costs during the next fiscal year, Gross	(8,583)
Net gain (loss), Net of tax	(5,547)
Net prior service (cost) credit, Net of tax	(32)
Amounts in accumulated other comprehensive income (loss) that are expected to be recognized as components of net periodic benefit costs during the next fiscal year, Net of tax	(5,579)
Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Net gain (loss), Gross	(8,799)
Net prior service (cost) credit, Gross	0
Amounts in accumulated other comprehensive income (loss) that are expected to be recognized as components of net periodic benefit costs during the next fiscal year, Gross	(8,799)
Net gain (loss), Net of tax	(5,719)
Net prior service (cost) credit, Net of tax	0
Amounts in accumulated other comprehensive income (loss) that are expected to be recognized as components of net periodic benefit costs during the next fiscal year, Net of tax	(5,719)
Post-Retirement Medical Plan
Defined Benefit Plan Disclosure [Line Items]
Net gain (loss), Gross	210
Net prior service (cost) credit, Gross	453
Amounts in accumulated other comprehensive income (loss) that are expected to be recognized as components of net periodic benefit costs during the next fiscal year, Gross	663
Net gain (loss), Net of tax	137
Net prior service (cost) credit, Net of tax	294
Amounts in accumulated other comprehensive income (loss) that are expected to be recognized as components of net periodic benefit costs during the next fiscal year, Net of tax	431
Supplemental Executive Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
Net gain (loss), Gross	54
Net prior service (cost) credit, Gross	(501)
Amounts in accumulated other comprehensive income (loss) that are expected to be recognized as components of net periodic benefit costs during the next fiscal year, Gross	(447)
Net gain (loss), Net of tax	35
Net prior service (cost) credit, Net of tax	(326)
Amounts in accumulated other comprehensive income (loss) that are expected to be recognized as components of net periodic benefit costs during the next fiscal year, Net of tax	$ (291)

Employee Benefit Plans Emplo103

Employee Benefit Plans Employee Benefit Plans (Schedule of expected benefit payments) (Details) $ in Thousands	Dec. 31, 2016USD ($)
Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
2,017	$ 16,600
2,018	20,029
2,019	21,231
2,020	22,694
2,021	24,820
2022 through 2026	154,223
Post-Retirement Medical Plan
Defined Benefit Plan Disclosure [Line Items]
2,017	856
2,018	843
2,019	917
2,020	946
2,021	1,028
2022 through 2026	6,776
Supplemental Executive Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
2,017	3,435
2,018	2,775
2,019	2,460
2,020	2,438
2,021	2,400
2022 through 2026	$ 27,188

Employee Benefit Plans Emplo104

Employee Benefit Plans Employee Benefit Plans (Net benefit costs) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 137	$ 14,175
Interest cost	27,751	26,669
Supplemental Executive Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	294	282	$ 586
Interest cost	1,775	2,122	2,528
Amortization of unrecognized prior service cost	501	933	4,844
Amortization of loss from earlier periods	(61)	663	282
Settlement	0	0	1,857
Net periodic cost	2,509	4,000	10,097
Post-Retirement Medical Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	1,246	1,042	985
Interest cost	713	560	574
Amortization of unrecognized prior service cost	(1,102)	(1,640)	(1,706)
Amortization of loss from earlier periods	(317)	(511)	(450)
Net periodic cost	540	(549)	(597)
Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	(1,403)	12,851	4,952
Interest cost	25,263	23,987	23,068
Expected return on plan assets	(22,339)	(28,345)	(29,288)
Amortization of unrecognized prior service cost	0	13	51
Amortization of loss from earlier periods	10,260	12,398	2,898
Net periodic cost	$ 11,781	$ 20,904	$ 1,681

Employee Benefit Plans Emplo105

Employee Benefit Plans Employee Benefit Plans (Weighted average interest rate assumptions) (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Supplemental Executive Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.80%	4.22%
Rate of compensation increase	4.00%	4.00%
Post-Retirement Medical Plan
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.05%	4.31%
Initial health care cost trend	6.75%	7.00%
Ultimate health care cost trend	5.00%	5.00%
Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.20%	4.55%
Rate of compensation increase	4.47%	4.47%

Employee Benefit Plans Emplo106

Employee Benefit Plans Employee Benefit Plans (Weighted average interest rate assumptions - net periodic benefits) (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Supplemental Executive Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.22%	3.99%
Rate of compensation increase	4.00%	4.00%
Post-Retirement Medical Plan
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.31%	3.94%
Initial health care cost trend	7.00%	6.50%
Ultimate health care cost trend	5.00%	5.00%
Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.55%	4.17%
Expected return on plan assets	6.00%	6.50%
Rate of compensation increase	4.47%	4.47%

Employee Benefit Plans Emplo107

Employee Benefit Plans Employee Benefits Plan (Effect of 1% change) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Compensation and Retirement Disclosure [Abstract]
Increase (decrease) on total service and interest cost on components, One percentage point increase	$ 322
Increase (decrease) on total service and interest cost on components, One percentage point decrease	269
Increase (decrease) on post-retirement benefit obligation, One percentage point increase	2,430
Increase (decrease) on post-retirement benefit obligation, One percentage point decrease	$ 2,083

Employee Benefit Plans Emplo108

Employee Benefit Plans Employee Benefits Plan (Investment of pension plan assets) (Details) - Defined Benefit Pension Plan	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Assets (as a percent)	100.00%	100.00%
Equity securities
Defined Benefit Plan Disclosure [Line Items]
Assets (as a percent)	45.00%	67.00%
Debt securities
Defined Benefit Plan Disclosure [Line Items]
Assets (as a percent)	39.00%	31.00%
Other
Defined Benefit Plan Disclosure [Line Items]
Assets (as a percent)	16.00%	2.00%

Employee Benefit Plans Emplo109

Employee Benefit Plans Employee Benefits Plan (Fair value of plan assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	$ 453,087	$ 427,131	$ 443,962
Limited partnership interests | Significant unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	1,316	0	0
Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	453,087	427,131	$ 443,962
Recurring basis | Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	451,344	427,131
Recurring basis | Defined Benefit Pension Plan | Quoted prices in active markets for identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	95,950	2,764
Recurring basis | Defined Benefit Pension Plan | Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	176,156	130,713
Recurring basis | Defined Benefit Pension Plan | Significant unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	1,316	0
Recurring basis | Defined Benefit Pension Plan | Equity securities
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	34,578	94,751
Recurring basis | Defined Benefit Pension Plan | Equity securities | Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1		0
Recurring basis | Defined Benefit Pension Plan | Midcap index funds
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	35,330	88,267
Recurring basis | Defined Benefit Pension Plan | Midcap index funds | Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1		0
Recurring basis | Defined Benefit Pension Plan | World equity index funds
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	44,235	8,511
Recurring basis | Defined Benefit Pension Plan | World equity index funds | Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1		0
Recurring basis | Defined Benefit Pension Plan | U.S. equity market funds
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	45,614	94,471
Recurring basis | Defined Benefit Pension Plan | U.S. equity market funds | Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1		0
Recurring basis | Defined Benefit Pension Plan | International equity funds
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	11,143
Recurring basis | Defined Benefit Pension Plan | Total common collective trust funds
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	170,900	286,000
Recurring basis | Defined Benefit Pension Plan | Total common collective trust funds | Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1		0
Recurring basis | Defined Benefit Pension Plan | U.S. government direct obligations and U.S. agencies
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	5,672	6,753
Recurring basis | Defined Benefit Pension Plan | U.S. government direct obligations and U.S. agencies | Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	5,672	6,753
Recurring basis | Defined Benefit Pension Plan | Obligations of U.S. states and their subdivisions
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	18,670	19,074
Recurring basis | Defined Benefit Pension Plan | Obligations of U.S. states and their subdivisions | Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	18,670	19,074
Recurring basis | Defined Benefit Pension Plan | Corporate debt securities
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	142,418	93,811
Recurring basis | Defined Benefit Pension Plan | Corporate debt securities | Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	141,102	93,811
Recurring basis | Defined Benefit Pension Plan | Corporate debt securities | Significant unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	1,316
Recurring basis | Defined Benefit Pension Plan | Asset-backed securities
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	7,828	8,149
Recurring basis | Defined Benefit Pension Plan | Asset-backed securities | Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	7,828	8,149
Recurring basis | Defined Benefit Pension Plan | Commercial mortgage-backed securities
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	2,884	2,926
Recurring basis | Defined Benefit Pension Plan | Commercial mortgage-backed securities | Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	2,884	2,926
Recurring basis | Defined Benefit Pension Plan | Total fixed maturity investments
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	177,472	130,713
Recurring basis | Defined Benefit Pension Plan | Total fixed maturity investments | Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	176,156	130,713
Recurring basis | Defined Benefit Pension Plan | Total fixed maturity investments | Significant unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	1,316
Recurring basis | Defined Benefit Pension Plan | Fixed income mutual funds
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	21,321
Recurring basis | Defined Benefit Pension Plan | Fixed income mutual funds | Quoted prices in active markets for identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	21,321
Recurring basis | Defined Benefit Pension Plan | Equity mutual funds
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	11,106
Recurring basis | Defined Benefit Pension Plan | Equity mutual funds | Quoted prices in active markets for identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	11,106
Recurring basis | Defined Benefit Pension Plan | Preferred stock
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	640	280
Recurring basis | Defined Benefit Pension Plan | Preferred stock | Quoted prices in active markets for identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	640	280
Recurring basis | Defined Benefit Pension Plan | Total equity investments
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	33,067
Recurring basis | Defined Benefit Pension Plan | Total equity investments | Quoted prices in active markets for identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	33,067
Recurring basis | Defined Benefit Pension Plan | Limited partnership interests
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	7,022	7,654
Recurring basis | Defined Benefit Pension Plan | Limited partnership interests | Significant unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1		0
Recurring basis | Defined Benefit Pension Plan | Money market funds
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	62,883	2,484
Recurring basis | Defined Benefit Pension Plan | Money market funds | Quoted prices in active markets for identical assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	$ 62,883	$ 2,484

Employee Benefit Plans Emplo110

Employee Benefit Plans Employee Benefits Plan (Fair value of plan assets - level 3 utilization) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	$ 453,087	$ 427,131	$ 443,962
Actual return on plan assets	43,271	(593)
Value of plan assets, December 31	453,087	427,131
Limited partnership interests | Significant unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Balance, January 1	1,316	0	$ 0
Actual return on plan assets	54	0
Settlements	(213)
Transfers into Level 3 (1)	1,475
Value of plan assets, December 31	$ 1,316	$ 0

Employee Benefit Plans Emplo111

Employee Benefit Plans Employee Benefits Plan (Target allocation of plan assets) (Details) - Defined Benefit Pension Plan	12 Months Ended
	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations	100.00%
Equity securities
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations	30.00%
Debt securities
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations	52.00%
Other
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations	18.00%

Employee Benefit Plans Emplo112

Employee Benefit Plans Employee Benefit Plans (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Aug. 01, 2014
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Expense recognized related to qualified defined contribution benefit plan		$ 12,364	$ 13,016	$ 8,479
Supplemental Executive Retirement Plan
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Settlement of Supplemental Executive Retirement Plan (as a percent)					21.00%
Reclassification loss adjustment from AOCI before Tax	$ 1,857
Payments to medical and retirement plans		3,435
Post-Retirement Medical Plan
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Payments to medical and retirement plans		856
Other noncurrent liabilities with offset to goodwill | Supplemental Executive Retirement Plan
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Prior services costs		3,911
Key executives
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Participant balances, reflected in other liabilities		$ 7,236	$ 8,678
Participant deferrals average interest rate (as a percent)		6.42%	6.48%
Reference rate		Moody’s Average Annual Corporate Bond Index rate
Fixed rates for retired participants (as a percent)		0.45%
Select group of management and highly compensated individuals
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Participant balances, reflected in other liabilities		$ 21,758	$ 18,654
Minimum | Key executives
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Fixed rates for retired participants (as a percent)		4.12%
Maximum | Key executives
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Fixed rates for retired participants (as a percent)		5.03%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Current	$ 32,031	$ 76,842	$ 80,859
Deferred	53,481	21,682	75,044
Total income tax provision	$ 85,512	$ 98,524	$ 155,903
Reconciliation between the statutory federal income tax rate and the effective federal income tax rate from continuing operations
Statutory federal income tax rate	35.00%	35.00%	35.00%
Investment income not subject to federal tax	(3.00%)	(3.00%)	(1.80%)
Tax credits	(6.90%)	(0.20%)	(0.30%)
State income taxes, net of federal benefit	2.30%	3.20%	1.00%
Income tax contingency provisions	0.00%	0.00%	(1.20%)
Other, net	(0.40%)	(0.90%)	0.20%
Effective federal income tax rate	27.00%	34.10%	32.90%
Reconciliation of unrecognized tax benefits
Balance, beginning of year	$ 23,093	$ 26,890	$ 21,154
Additions to tax positions in the current year	0	1,383	13,931
Additions to tax positions in the prior year	1,902	50	0
Reductions to tax positions from statutes expiring	(7,727)	(5,230)	(8,195)
Balance, end of year	$ 17,268	$ 23,093	$ 26,890

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Deferred tax asset
Deferred acquisition costs	$ 0	$ 0
Policyholder dividends	8,583	8,919
Net operating loss carryforward	96,693	113,637
Pension plan accrued benefit liability	83,562	79,945
Experience rated refunds	6,654	12,673
Tax credits	168,597	154,017
Other	19,592	19,385
Total deferred taxes	383,681	388,576
Deferred tax liability
Policyholder reserves	278,632	262,822
Deferred acquisition costs	28,071	8,533
Investment assets	233,583	221,303
Goodwill	35,306	33,034
Other	0	0
Total deferred taxes	575,592	$ 525,692
Subsidiary | Federal
Federal net operating loss carry forwards generated by a subsidiary
2,021	5,977
2,022	136,796
2,023	81,693
2,028	2,215
Total	$ 226,681

Income Taxes Narrative (Details

Income Taxes Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Contingency [Line Items]
Unrecognized tax benefits	$ 17,268	$ 23,093	$ 26,890	$ 21,154
Decreases in interest and penalties	153	193	2,916
Accrued amount for interest and penalties	864	1,017
Investment assets	233,583	221,303
Income taxes receivable in other assets primarily related to the separate state income tax returns filed by certain subsidiaries	7,819	7,721
Federal Low Income Housing tax credit carryforward
Income Tax Contingency [Line Items]
Guaranteed Federal low Income Housing tax credit carryforwards generated	215	3,295	$ 15,506
Total credit carryforward	143,105
Foreign investment tax credit carryforward
Income Tax Contingency [Line Items]
Guaranteed Federal low Income Housing tax credit carryforwards generated	4,286
Total credit carryforward		21,025
Great West Lifeco US Inc
Income Tax Contingency [Line Items]
Income taxes receivable from Lifeco	35,093	11,790
Available-for-sale Securities
Income Tax Contingency [Line Items]
Investment assets	$ 172,405	$ 171,780

Segment Information (Details)

Segment Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)segment	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Financial information of the segments
Number of Reportable Segments | segment	3
Revenue:
Premium income	$ 465,349	$ 445,550	$ 446,395
Fee income	956,817	944,526	729,179
Other revenue	12,261	13,563	7,506
Net investment income	1,276,559	1,254,430	1,228,388
Realized investments gains (losses), net	92,882	83,710	147,371
Total revenues	2,803,868	2,741,779	2,558,839
Benefits and expenses:
Policyholder benefits	1,241,023	1,234,627	1,222,445
Operating expenses	1,246,241	1,218,173	863,122
Total benefits and expenses	2,487,264	2,452,800	2,085,567
Total before tax	316,604	288,979	473,272
Income tax expense	85,512	98,524	155,903
Net income	231,092	190,455	317,369
Assets:
Investments	30,600,850	28,811,026
Other assets	2,652,531	2,435,650
Separate account assets	27,037,765	26,631,193
Assets of continuing operations	60,291,146	57,877,869
Assets of discontinued operations	17,652	21,910
Total assets	60,308,798	57,899,779
Individual Markets Segment
Revenue:
Premium income	379,127	360,783	360,305
Fee income	99,514	87,471	95,631
Other revenue	0	0	0
Net investment income	798,557	801,935	748,015
Realized investments gains (losses), net	40,899	28,864	44,381
Total revenues	1,318,097	1,279,053	1,248,332
Benefits and expenses:
Policyholder benefits	969,182	931,631	902,982
Operating expenses	175,016	159,719	136,850
Total benefits and expenses	1,144,198	1,091,350	1,039,832
Total before tax	173,899	187,703	208,500
Income tax expense	58,601	64,360	68,719
Net income	115,298	123,343	139,781
Assets:
Investments	16,770,772	16,074,681
Other assets	1,453,717	1,358,934
Separate account assets	7,521,475	7,031,013
Assets of continuing operations	25,745,964	24,464,628
Empower Retirement Segment
Revenue:
Premium income	1,853	533	1,215
Fee income	851,620	853,076	629,533
Other revenue	12,261	13,563	7,506
Net investment income	428,327	398,639	426,340
Realized investments gains (losses), net	51,209	54,752	102,597
Total revenues	1,345,270	1,320,563	1,167,191
Benefits and expenses:
Policyholder benefits	206,143	201,791	206,339
Operating expenses	1,002,129	992,564	647,165
Total benefits and expenses	1,208,272	1,194,355	853,504
Total before tax	136,998	126,208	313,687
Income tax expense	25,144	43,058	104,162
Net income	111,854	83,150	209,525
Assets:
Investments	12,195,748	10,966,096
Other assets	1,057,148	927,061
Separate account assets	19,516,290	19,600,180
Assets of continuing operations	32,769,186	31,493,337
Other Segment
Revenue:
Premium income	84,369	84,234	84,875
Fee income	5,683	3,979	4,015
Other revenue	0	0	0
Net investment income	49,675	53,856	54,033
Realized investments gains (losses), net	774	94	393
Total revenues	140,501	142,163	143,316
Benefits and expenses:
Policyholder benefits	65,698	101,205	113,124
Operating expenses	69,096	65,890	79,107
Total benefits and expenses	134,794	167,095	192,231
Total before tax	5,707	(24,932)	(48,915)
Income tax expense	1,767	(8,894)	(16,978)
Net income	3,940	(16,038)	$ (31,937)
Assets:
Investments	1,634,330	1,770,249
Other assets	141,666	149,655
Separate account assets	0	0
Assets of continuing operations	$ 1,775,996	$ 1,919,904

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation expense		$ 7,508	$ 3,975	$ 9,647
Income tax benefits		2,458	1,143	2,404
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation expense		5,318	$ 2,320	6,263
Expense		$ 6,403
Weighted average period (years)		1 year 4 months 24 days
Status of, and changes in, the Performance Share Unit Plan units granted to employees
Outstanding at the beginning of the period (in shares)		440,089
Granted (in shares)		313,837
Forfeited (in shares)		(3,158)
Exercised (in shares)		(151,857)
Outstanding at the end of the period (in shares)		598,911	440,089
Vested and expected to vest (in shares)		598,911
Great West Lifeco Inc | Employee and Directors Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation expense		$ 2,190	$ 1,655	$ 3,384
Expense		$ 2,684
Weighted average period (years)		1 year 8 months 12 days
Shares under option
Outstanding at the beginning of the period (in shares)		3,633,343
Granted (in shares)		973,100
Exercised (in shares)		(359,345)
Cancelled and Expired (in shares)		(185,097)
Outstanding at the end of the period (in shares)		4,062,001	3,633,343
Vested and expected to vest at the end of the period (in shares)		4,062,001
Exercisable at the end of the period (in shares)		2,292,059
Exercise price (Whole dollars)
Outstanding at the beginning of the period (in dollars per share)		$ 21.68
Granted (in dollars per share)		25.88
Exercised (in dollars per share)		20.03
Cancelled and Expired (in dollars per share)		25.87
Outstanding at the end of the period (in dollars per share)		23.25	$ 21.68
Vested and expected to vest at the end of the period (in dollars per share)		23.25
Exercisable at the end of the period (in dollars per share)		$ 21.81
Remaining contractual term
Outstanding, December 31, 2016		6 years 1 month 6 days
Vested and expected to vest, December 31, 2016		6 years 1 month 6 days
Exercisable, December 31, 2016		4 years 3 months 18 days
Aggregate intrinsic value
Outstanding, December 31, 2016	[1]	$ 12,814
Vested and expected to vest, December 31, 2016	[1]	12,814
Exercisable, December 31, 2016	[1]	$ 10,654
Other information
Weighted average fair value of options granted (in dollars per share)		$ 2.74	$ 3.33	$ 5.53
Intrinsic value of options exercised	[2]	$ 2,102	$ 4,234	$ 401
Fair value of options vested		$ 1,605	$ 1,670	$ 4,491
Weighted-average assumptions
Dividend yield		3.99%	3.66%	3.95%
Expected volatility		19.03%	19.10%	26.63%
Risk free interest rate		0.80%	0.90%	1.75%
Expected duration (years)		6 years	6 years	6 years
[1]	The aggregate intrinsic value is calculated as the difference between the market price of Lifeco common shares on December 31, 2016, and the exercise price of the option (only if the result is positive) multiplied by the number of options.
[2]	The intrinsic value of options exercised is calculated as the difference between the market price of Lifeco common shares on the date of exercise and the exercise price of the option multiplied by the number of options exercised.

Share-Based Compensation Narrat

Share-Based Compensation Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period	3 years
Cash payment in settlement of Performance Share Unit Plan Units	$ 3,988	$ 6,375
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period	5 years
Great West Lifeco Inc
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of trading days considered for determination of average closing price of common stock	20 days
Great West Lifeco Inc | Employee and Directors Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period preceding the date of the grant, to determine exercise price of options granted	5 days
Options exercisable, term	10 years
Maximum period that retiring option holders can continue to exercise outstanding options	5 years
Granted (in shares)	973,100
Compensation expense to be recognized	$ 2,664
Great West Lifeco Inc | Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares considered for valuation of each stock award	1

Commitments and Contingencie119

Commitments and Contingencies (Details) $ in Thousands		12 Months Ended
		Dec. 31, 2016USD ($)debt_instrument	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Commitments
Less than one year		$ 438,458	$ 50,692
Total
Unfunded commitments, due in one year		438,458	50,692
Unfunded commitments related to cost basis limited partnership interests, due in one year		93,440	8,692
Rent expense, net of sublease income		12,575	$ 12,050	$ 7,628
Minimum reimbursement amount due in the future		7,301
GWL&A Financial
Related party long-term debt - principal
More than five years	[1]	528,400
Total	[1]	528,400
Related party long-term debt - interest
Less than one year	[2]	24,683
One to three years	[2]	49,365
Three to five years	[2]	49,365
More than five years	[2]	451,951
Total	[2]	575,364
Investment purchase obligations
Less than one year	[3]	438,458
Total	[3]	438,458
Operating leases
Less than one year	[4]	14,152
One to three years	[4]	23,830
Three to five years	[4]	13,114
More than five years	[4]	69
Total	[4]	51,165
Commitments
Less than one year	[5]	28,147
One to three years	[5]	16,046
Three to five years	[5]	11,389
More than five years	[5]	33,964
Total	[5]	89,546
Total
Less than one year		505,440
One to three years		89,241
Three to five years		73,868
More than five years		1,014,384
Total		$ 1,682,933
Number of long-term surplus notes | debt_instrument		2
Unfunded commitments, due in one year	[5]	$ 28,147
[1]	Related party long-term debt principal - Represents contractual maturities of principal due to the Company’s parent, GWL&A Financial, under the terms of two long-term surplus notes. The amounts shown in this table differ from the amounts included in the Company’s consolidated balance sheet because the amounts shown above do not consider the discount upon the issuance of one of the surplus notes.
[2]	Related party long-term debt interest - One long-term surplus note bears interest at a fixed rate through maturity. The other surplus note bears a variable interest rate plus the then-current three-month London Interbank Offering Rate (“LIBOR”). The interest payments shown in this table are calculated based upon the contractual rates in effect on December 31, 2016, and do not consider the impact of future interest rate changes.
[3]	Investment purchase obligations - The Company makes commitments to fund partnership interests, mortgage loans on real estate, and other investments in the normal course of its business. As the timing of the fulfillment of the commitment to fund partnership interests cannot be predicted, such obligations are presented in the less than one year category. The timing of the funding of mortgage loans on real estate is based on the expiration date of the commitment. The amounts of these unfunded commitments at December 31, 2016, and 2015, were $438,458 and $50,692, of which $93,440 and $8,692 were related to cost basis limited partnership interests, respectively, all of which is due within one year from the dates indicated.
[4]	Operating leases - The Company is obligated to make payments under various non-cancelable operating leases, primarily for office space. Contractual provisions exist that could increase the lease obligations presented, including operating expense escalation clauses. Management does not consider the impact of any such clauses to be material to the Company’s operating lease obligations. The Company incurred rent expense, net of sublease income, of $12,575, $12,050, and $7,628 for the years ended December 31, 2016, 2015, and 2014, respectively and is recorded in general insurance expense. The Company’s total future operating lease obligation will be reduced by minimum reimbursement of $7,301 due in the future under non-cancelable agreements. From time to time, the Company enters into agreements or contracts, including capital leases, to purchase goods or services in the normal course of its business. However, these agreements and contracts are not material and are excluded from the table above.
[5]	Other liabilities - Other liabilities include those other liabilities which represent contractual obligations not included elsewhere in the table above. If the timing of the payment of any other liabilities was sufficiently uncertain, the amounts were included in the less than one year category. Other liabilities presented in the table above include: · Expected contributions to the Company’s defined benefit pension plan and benefit payments for the Post-Retirement Medical Plan and Supplemental Executive Retirement Plan.· Miscellaneous purchase obligations to acquire goods and services.· Unrecognized tax benefits

Commitments and Contingencies C

Commitments and Contingencies Commitments and Contingencies - Narrative (Details)	12 Months Ended
	Dec. 31, 2016USD ($)debt_instrument	Dec. 31, 2015USD ($)
Revolving credit facility
Other Commitments [Line Items]
Amount of credit facility under agreement for general corporate purposes	$ 50,000,000
Adjusted net worth required for each quarter	1,100,000,000
Amount outstanding	0	$ 0
Other Letters of Credit
Other Commitments [Line Items]
Amount of credit facility under agreement for general corporate purposes	9,095,000
Other letters of credit outstanding	0	0
GWL&A Financial | First Letter of Credit
Other Commitments [Line Items]
Amount outstanding	0	$ 0
First letter of credit	1,165,030,000
GWL&A Financial | Second Letter of Credit
Other Commitments [Line Items]
Second letter of credit	$ 70,000,000
GWL&A Financial | Letter of Credit
Other Commitments [Line Items]
Number of letters of credit | debt_instrument	2

Subsequent Event (Details)

Subsequent Event (Details) $ in Thousands	Feb. 06, 2017USD ($)
Subsequent event
Subsequent event
Dividends payable	$ 77,000

Schedule III Supplemental In122

Schedule III Supplemental Insurance Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Supplemental insurance information
Deferred acquisition costs	$ 467,845	$ 393,418
Future policy benefits, losses, claims, and expenses	28,826,978	27,065,656
Unearned premium reserves	45,921	45,325
Other policy claims and benefits payable	722,907	726,981
Premium income	465,349	445,550	$ 446,395
Net investment income	1,276,559	1,254,430	1,228,388
Benefits, claims, losses, and settlement expenses	1,241,023	1,234,627	1,222,445
Amortization of deferred acquisition costs	29,317	96,095	41,045
Other operating expenses	1,216,924	1,122,078	822,077
Individual Markets Segment
Supplemental insurance information
Deferred acquisition costs	340,532	319,447
Future policy benefits, losses, claims, and expenses	16,420,554	15,835,811
Unearned premium reserves	45,921	45,325
Other policy claims and benefits payable	694,965	699,559
Premium income	379,127	360,783	360,305
Net investment income	798,557	801,935	748,015
Benefits, claims, losses, and settlement expenses	969,182	931,631	902,982
Amortization of deferred acquisition costs	45,944	55,876	13,700
Other operating expenses	129,072	103,843	123,150
Empower Retirement Segment
Supplemental insurance information
Deferred acquisition costs	127,313	73,971
Future policy benefits, losses, claims, and expenses	12,019,243	10,810,352
Other policy claims and benefits payable	713	662
Premium income	1,853	533	1,215
Net investment income	428,327	398,639	426,340
Benefits, claims, losses, and settlement expenses	206,143	201,791	206,339
Amortization of deferred acquisition costs	(16,627)	40,219	27,345
Other operating expenses	1,018,756	952,345	619,820
Other Segment
Supplemental insurance information
Future policy benefits, losses, claims, and expenses	387,181	419,493
Other policy claims and benefits payable	27,229	26,760
Premium income	84,369	84,234	84,875
Net investment income	49,675	53,856	54,033
Benefits, claims, losses, and settlement expenses	65,698	101,205	113,124
Other operating expenses	$ 69,096	$ 65,890	$ 79,107