Pruco Life Insurance 10-Q 12 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 12, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Entity Registrant Name	PRUCO LIFE INSURANCE CO
Entity Central Index Key	777,917
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		250,000

Unaudited Interim Consolidated

Unaudited Interim Consolidated Statements of Financial Position - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Fixed maturities, available-for-sale, at fair value (amortized cost: 2016 – $7,120,844; 2015 – $6,775,806)	$ 7,412,357	$ 6,840,932
Equity securities, available-for-sale, at fair value (cost: 2016 – $59,599; 2015 – $54,609)	57,578	51,973
Trading account assets, at fair value	67,862	64,612
Policy loans	1,141,331	1,143,303
Short-term investments	46,614	54,806
Commercial mortgage and other loans	1,641,942	1,658,235
Other long-term investments	334,380	379,237
Total investments	10,702,064	10,193,098
Cash and cash equivalents	495,840	370,286
Deferred policy acquisition costs	4,565,346	5,111,373
Accrued investment income	104,075	100,031
Reinsurance recoverables	24,780,544	22,546,361
Receivables from parent and affiliates	229,974	228,253
Deferred sales inducements	550,121	684,844
Other assets	93,860	59,578
Separate account assets	110,336,987	109,350,121
TOTAL ASSETS	151,858,811	148,643,945
LIABILITIES
Policyholders’ account balances	17,244,845	17,164,705
Future policy benefits	17,551,419	15,031,390
Cash collateral for loaned securities	5,317	40,416
Income taxes	90,576	154,043
Short-term debt to affiliates	180,500	180,000
Long-term debt to affiliates	1,204,000	1,204,000
Payables to parent and affiliates	70,195	72,791
Other liabilities	870,019	935,662
Separate account liabilities	110,336,987	109,350,121
TOTAL LIABILITIES	$ 147,553,858	$ 144,133,128
COMMITMENTS AND CONTINGENT LIABILITIES
EQUITY
Common stock ($10 par value; 1,000,000 shares authorized; 250,000 shares issued and outstanding)	$ 2,500	$ 2,500
Additional paid-in capital	784,913	779,973
Retained earnings	3,337,408	3,663,539
Accumulated other comprehensive income	180,132	64,805
TOTAL EQUITY	4,304,953	4,510,817
TOTAL LIABILITIES AND EQUITY	$ 151,858,811	$ 148,643,945

Unaudited Interim Consolidated3

Unaudited Interim Consolidated Statements of Financial Position (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Fixed maturities, available-for-sale, amortized cost	$ 7,120,844	$ 6,775,806
Equity maturities, available-for-sale, amortized cost	$ 59,599	$ 54,609
Common Stock, Par Value (in dollars per share)	$ 10	$ 10
Common Stock, Shares, Authorized	1,000,000	1,000,000
Common Stock, Shares, Issued	250,000	250,000
Common Stock, Shares, Outstanding	250,000	250,000

Unaudited Interim Consolidated4

Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
REVENUES
Premiums	$ 17,915	$ 15,637
Policy charges and fee income	527,407	540,765
Net investment income	105,452	103,420
Asset administration fees	72,791	98,687
Other income	13,522	17,217
Realized investment gains (losses), net:
Other-than-temporary impairments on fixed maturity securities	(16,349)	(33)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income	199	22
Other realized investment gains (losses), net	71,301	59,036
Total realized investment gains (losses), net	55,151	59,025
TOTAL REVENUES	792,238	834,751
BENEFITS AND EXPENSES
Policyholders’ benefits	98,528	58,401
Interest credited to policyholders’ account balances	186,431	117,477
Amortization of deferred policy acquisition costs	640,552	302,751
General, administrative and other expenses	236,953	258,546
TOTAL BENEFITS AND EXPENSES	1,162,464	737,175
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES	(370,226)	97,576
Income tax expense (benefit)	(44,095)	13,346
NET INCOME (LOSS)	(326,131)	84,230
Other comprehensive income (loss), before tax:
Foreign currency translation adjustments	219	(520)
Net unrealized investment gains (losses):
Unrealized investment gains (losses) for the period	162,282	81,731
Reclassification adjustment for (gains) losses included in net income (loss)	14,924	(2,114)
Net unrealized investment gains (losses)	177,206	79,617
Other comprehensive income (loss), before tax	177,425	79,097
Less: Income tax expense (benefit) related to:
Foreign currency translation adjustments	76	(182)
Net unrealized investment gains (losses)	62,022	27,866
Total	62,098	27,684
Other comprehensive income (loss), net of tax	115,327	51,413
COMPREHENSIVE INCOME (LOSS)	$ (210,804)	$ 135,643

Unaudited Interim Consolidated5

Unaudited Interim Consolidated Statements of Equity - USD ($)	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total Equity
Balance, beginning at Dec. 31, 2014		$ 2,500,000	$ 792,153,000	$ 3,580,641,000	$ 178,691,000	$ 4,553,985,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Contributed capital	$ 0
Contributed (distributed) capital-parent/child asset transfers			(11,780,000)			(11,780,000)
Comprehensive income (loss):
Net income (loss)	84,230,000			84,230,000		84,230,000
Other comprehensive income (loss), net of tax	51,413,000				51,413,000	51,413,000
Total comprehensive income (loss)						135,643,000
Balance, ending at Mar. 31, 2015		2,500,000	780,373,000	3,664,871,000	230,104,000	4,677,848,000
Balance, beginning at Dec. 31, 2014		2,500,000	792,153,000	3,580,641,000	178,691,000	4,553,985,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Contributed capital						0
Balance, ending at Dec. 31, 2015		2,500,000	779,973,000	3,663,539,000	64,805,000	4,510,817,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Contributed capital	5,000,000		5,000,000			5,000,000
Contributed (distributed) capital-parent/child asset transfers			(60,000)			(60,000)
Comprehensive income (loss):
Net income (loss)	(326,131,000)			(326,131,000)		(326,131,000)
Other comprehensive income (loss), net of tax	$ 115,327,000				115,327,000	115,327,000
Total comprehensive income (loss)						(210,804,000)
Balance, ending at Mar. 31, 2016		$ 2,500,000	$ 784,913,000	$ 3,337,408,000	$ 180,132,000	$ 4,304,953,000

Unaudited Interim Consolidated6

Unaudited Interim Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (326,131)	$ 84,230
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Policy charges and fee income	(5,850)	(10,057)
Interest credited to policyholders’ account balances	186,431	117,477
Realized investment (gains) losses, net	(55,151)	(59,025)
Amortization and other non-cash items	(9,102)	(19,863)
Change in:
Future policy benefits	416,396	401,279
Reinsurance recoverables	(353,572)	(411,861)
Accrued investment income	(4,044)	(2,374)
Net payable to/receivable from parent and affiliates	(7,099)	(35,906)
Deferred policy acquisition costs	489,279	156,424
Income taxes	(125,565)	(25,420)
Deferred sales inducements	(932)	(2,002)
Derivatives, net	202,678	151,514
Other, net	(73,914)	(21,814)
Cash flows from (used in) operating activities	333,424	322,602
Proceeds from the sale/maturity/prepayment of:
Fixed maturities, available-for-sale	459,445	229,453
Short-term investments	192,422	145,309
Policy loans	38,255	31,243
Ceded policy loans	(1,976)	(1,868)
Commercial mortgage and other loans	83,528	8,346
Other long-term investments	1,261	1,697
Equity securities, available-for-sale	10	11
Trading account assets	626	1,500
Payments for the purchase/origination of:
Fixed maturities, available-for-sale	(818,934)	(366,407)
Short-term investments	(184,142)	(239,688)
Policy loans	(26,081)	(24,773)
Ceded policy loans	3,509	2,909
Commercial mortgage and other loans	(64,988)	(54,315)
Other long-term investments	(14,085)	(10,234)
Equity securities, available-for-sale	(5,644)	(5,010)
Trading account assets	0	(12,001)
Notes receivable from parent and affiliates, net	1,917	11,784
Derivatives, net	466	(4,150)
Other, net	(4,389)	2,827
Cash flows from (used in) investing activities	(338,800)	(283,367)
CASH FLOWS FROM FINANCING ACTIVITIES:
Policyholders’ account deposits	1,023,782	829,044
Ceded policyholders’ account deposits	(276,350)	(258,767)
Policyholders’ account withdrawals	(586,669)	(455,336)
Ceded policyholders’ account withdrawals	16,445	10,218
Net change in cash collateral for loaned securities	(35,098)	25,596
Contributed capital	5,000	0
Contributed (distributed) capital - parent/child asset transfers	(60)	(18,123)
Net change in financing arrangements (maturities 90 days or less)	500	6,804
Drafts outstanding	(16,620)	14,698
Cash flows from (used in) financing activities	130,930	154,134
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	125,554	193,369
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	370,286	214,952
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 495,840	$ 408,321

Business and Basis of Presentat

Business and Basis of Presentation	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and Basis of Presentation	BUSINESS AND BASIS OF PRESENTATION Pruco Life Insurance Company (“Pruco Life”) is a wholly-owned subsidiary of The Prudential Insurance Company of America (“Prudential Insurance”), which in turn is a direct wholly-owned subsidiary of Prudential Financial, Inc. (“Prudential Financial”). Pruco Life is a stock life insurance company organized in 1971 under the laws of the State of Arizona. It is licensed to sell life insurance and annuities in the District of Columbia, Guam and in all States except New York, and sells such products primarily through affiliated and unaffiliated distributors. Pruco Life has two subsidiaries, including one wholly-owned insurance subsidiary, Pruco Life Insurance Company of New Jersey (“PLNJ”) and one indirect subsidiary formed in 2009 for the purpose of holding certain commercial loan investments. Pruco Life and its subsidiaries are together referred to as the “Company”, "we" or "our" and all financial information is shown on a consolidated basis. PLNJ is a stock life insurance company organized in 1982 under the laws of the state of New Jersey. It is licensed to sell life insurance and annuities in New Jersey and New York only. Effective April 1, 2016, the Company recaptured the risks related to its variable annuity living benefit riders that were previously reinsured to Pruco Reinsurance, Ltd. ("Pruco Re"). In addition, the Company reinsured the variable annuity base contracts, along with the living benefit riders, to Prudential Annuities Life Assurance Corporation ("PALAC"), excluding the PLNJ business which was reinsured to Prudential Insurance. This reinsurance agreement covers new and in force business and excludes business reinsured externally. The product risks related to the business reinsured to PALAC are being managed in PALAC and the product risks related to the business reinsured to Prudential Insurance are being managed in Prudential Insurance. In addition, the living benefit hedging program related to the reinsured living benefit riders will be managed within PALAC or Prudential Insurance, as applicable. Basis of Presentation The Unaudited Interim Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) on a basis consistent with reporting interim financial information in accordance with instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission (“SEC”). Intercompany balances and transactions have been eliminated. In the opinion of management, all adjustments necessary for a fair statement of the financial position and results of operations have been made. All such adjustments are of a normal, recurring nature. Interim results are not necessarily indicative of the results that may be expected for the full year. These financial statements should be read in conjunction with the Company’s Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 . 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 as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The most significant estimates include those used in determining deferred policy acquisition costs and related amortization; amortization of deferred sales inducements ("DSI"); valuation of investments including derivatives and the recognition of other-than-temporary impairments (“OTTI”); future policy benefits including guarantees; reinsurance recoverables; provision for income taxes and valuation of deferred tax assets; and accruals for contingent liabilities, including estimates for losses in connection with unresolved legal matters. Reclassifications Certain amounts in prior periods have been reclassified to conform to the current period presentation.

Significant Accounting Policies

Significant Accounting Policies and Pronouncements	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Significant Accounting Policies and Pronouncements	SIGNIFICANT ACCOUNTING POLICIES AND PRONOUNCEMENTS This section supplements, and should be read in conjunction with, Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 . Adoption of New Accounting Pronouncements In May 2015, the Financial Accounting Standards Board (“FASB”) issued guidance (Accounting Standards Update (“ASU” ) 2015-07 , Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) ) to remove the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient. The new guidance became effective for annual periods and interim periods within those annual periods that began after December 15, 2015, and was applied retrospectively. Adoption of the guidance did not have a significant effect on the Company’s financial statement disclosures. See Note 4 . In February 2015, the FASB issued updated guidance (ASU 2015-02, Consolidation (Topic 810): Amendments to Consolidation Analysis ) that modifies the rules regarding consolidation. The pronouncement eliminates specialized guidance for limited partnerships and similar legal entities, and removes the indefinite deferral for certain investment funds. The new guidance is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015, with early adoption permitted. The Company adopted the updated guidance effective January 1, 2016 and applied the modified retrospective method of adoption. This guidance did not have a significant impact on the Company’s consolidated financial position, results of operations, or financial statement disclosures. In August 2014, the FASB issued updated guidance (ASU 2014-14, Receivables-Troubled Debt Restructurings by Creditors (Subtopic 310-40): Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure ) requiring that mortgage loans be derecognized and that a separate other receivable be recognized upon foreclosure if certain conditions are met. Upon foreclosure, the separate other receivable should be measured based on the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. The new guidance became effective for annual periods and interim periods within those annual periods that began after December 15, 2014, and was applied prospectively. Adoption of the guidance did not have a significant effect on the Company’s consolidated financial position, results of operations or financial statement disclosures. In August 2014, the FASB issued updated guidance (ASU 2014-13, Consolidation (Topic 810): Measuring the Financial Assets and the Financial Liabilities of a Consolidated Collateralized Financing Entity ) for measuring the financial assets and the financial liabilities of a consolidated collateralized financing entity. Under the guidance, an entity within scope is permitted to measure both the financial assets and financial liabilities of a consolidated collateralized financing entity based on either the fair value of the financial assets or the financial liabilities, whichever is more observable. If adopted, the guidance eliminates the measurement difference that exists when both are measured at fair value. The Company adopted the updated guidance effective January 1, 2016, and applied the modified retrospective method of adoption. This guidance did not have a significant impact on the Company’s consolidated financial position, results of operations, or financial statement disclosures. In June 2014, the FASB issued updated guidance (ASU 2014-11, Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures ) that requires repurchase-to-maturity transactions to be accounted for as secured borrowings and eliminates existing guidance for repurchase financings. The guidance also requires new disclosures for certain transactions accounted for as secured borrowings and for transfers accounted for as sales when the transferor also retains substantially all of the exposure to the economic return on the transferred financial assets. Accounting changes and new disclosures for transfers accounted for as sales under the new guidance were effective for the first interim or annual period beginning after December 15, 2014 and did not have a significant effect on the Company's consolidated financial position, results of operations or financial statement disclosures. Disclosures for certain transactions accounted for as secured borrowings were effective for interim periods beginning after March 15, 2015 and are included in Note 3 . In January 2014, the FASB issued updated guidance (ASU 2014-04, Receivables-Troubled Debt Restructuring by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure ) for troubled debt restructurings clarifying when an in-substance repossession or foreclosure occurs, and when a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan. The new guidance became effective for annual periods and interim periods within those annual periods that began after December 15, 2014 and was applied prospectively. Adoption of the guidance did not have a significant effect on the Company’s consolidated financial position, results of operations or financial statement disclosures. In January 2014, the FASB issued updated guidance (ASU 2014-01, Investments-Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects ) regarding investments in flow-through limited liability entities that manage or invest in affordable housing projects that qualify for the low-income housing tax credit. Under the guidance, an entity is permitted to make an accounting policy election to amortize the initial cost of its investment in proportion to the tax credits and other tax benefits received and recognize the net investment performance in the statement of operations as a component of income tax expense (benefit) if certain conditions are met. The new guidance became effective for annual periods and interim reporting periods within those annual periods that began after December 15, 2014. The Company did not elect the proportional amortization method under this guidance. Future Adoption of New Accounting Pronouncements In May 2014 , the FASB issued updated guidance (ASU 2014-09, Revenue from Contracts with Customers (Topic 606) ) on accounting for revenue recognition. The guidance is based on the core principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. The guidance also requires additional disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from cost incurred to obtain or fulfill a contract. Revenue recognition for insurance contracts is explicitly scoped out of the guidance. In August 2015 , the FASB issued an update to defer the original effective date of this guidance. As a result of the deferral, the new guidance is effective for annual periods and interim periods within those annual periods, beginning after December 15, 2017 and must be applied using one of two retrospective application methods. Early adoption is permitted for only annual reporting periods beginning after December 15, 2016 , including interim reporting periods within that reporting period. The Company is currently assessing the impact of the guidance on the Company’s consolidated financial position, results of operations and financial statement disclosures. In January 2016, the FASB issued updated guidance (ASU 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities) on the recognition and measurement of financial assets and financial liabilities. The guidance revises an entity’s accounting related to the classification and measurement of certain equity investments and the presentation of certain fair value changes for financial liabilities measured at fair value. The guidance also amends certain disclosure requirements associated with the fair value of financial instruments. The new guidance is effective for annual periods and interim reporting periods within those annual periods beginning after December 15, 2017. Early adoption is not permitted except for the provisions related to the presentation of certain fair value changes for financial liabilities measured at fair value. The Company is currently assessing the impact of the guidance on the Company’s consolidated financial position, results of operations and financial statement disclosures. In February 2016, the FASB issued guidance (ASU 2016-02, Leases (Topic 842) ) that ensures assets and liabilities from all outstanding lease contracts are recognized on balance sheet (with limited exception). The guidance substantially changes a Lessee’s accounting for leases and requires the recording on balance sheet of a “right-of-use” asset and liability to make lease payments for most leases. A Lessee will continue to recognize expense in its income statement in a manner similar to the requirements under the current lease accounting guidance. For Lessors, the guidance modifies classification criteria and accounting for sales-type and direct financing leases and requires a Lessor to derecognize the carrying value of the leased asset that is considered to have been transferred to a Lessee and record a lease receivable and residual asset (“receivable and residual” approach). The guidance also eliminates the real estate specific provisions of the current guidance (i.e., sale-leaseback). The amendments are effective for financial statements issued for annual reporting periods beginning after December 15, 2018 and for interim periods within those annual periods. Early adoption is permitted. The Company is currently assessing the impact of the guidance on the Company’s consolidated financial position, results of operations and financial statement disclosures. In March 2016, the FASB issued guidance (ASU 2016-07, Investments—Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting ) to simplify the transition to equity method when an investment qualifies for use of the equity method as a result of an increase in the level of ownership or degree of influence. The amendments require that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. The amendments are effective for financial statements issued for annual reporting periods beginning after December 15, 2016 and for interim periods within those annual periods. The Company is currently assessing the impact of the guidance on the Company’s consolidated financial position, results of operations and financial statement disclosures.

Investments

Investments	3 Months Ended
	Mar. 31, 2016
Investments [Abstract]
Investments	INVESTMENTS Fixed Maturities and Equity Securities The following tables provide information relating to fixed maturities and equity securities (excluding investments classified as trading) as of the dates indicated: March 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value OTTI in AOCI(3) (in thousands) Fixed maturities, available-for-sale U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 165,404 $ 11,764 $ 1 $ 177,167 $ 0 Obligations of U.S. states and their political subdivisions 631,330 39,057 184 670,203 0 Foreign government bonds 95,589 4,019 640 98,968 0 Public utilities 839,673 57,342 4,932 892,083 0 Redeemable preferred stock 17,345 2,079 156 19,268 0 All other U.S. public corporate securities 2,280,085 139,206 24,873 2,394,418 (191 ) All other U.S. private corporate securities 1,121,831 38,499 8,461 1,151,869 (224 ) All other foreign public corporate securities 268,944 12,143 3,353 277,734 0 All other foreign private corporate securities 784,955 18,316 23,873 779,398 0 Asset-backed securities(1) 350,399 5,866 2,679 353,586 (2,903 ) Commercial mortgage-backed securities 455,185 23,655 62 478,778 0 Residential mortgage-backed securities(2) 110,104 8,818 37 118,885 (657 ) Total fixed maturities, available-for-sale $ 7,120,844 $ 360,764 $ 69,251 $ 7,412,357 $ (3,975 ) Equity securities, available-for-sale Common stocks: Public utilities $ 66 $ 2 $ 25 $ 43 Industrial, miscellaneous & other 0 150 0 150 Mutual funds 59,533 688 2,836 57,385 Non-redeemable preferred stocks 0 0 0 0 Total equity securities, available-for-sale $ 59,599 $ 840 $ 2,861 $ 57,578 (1) Includes credit-tranched securities collateralized by sub-prime mortgages, auto loans, credit cards, education loans and other asset types. (2) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (3) Represents the amount of OTTI losses in Accumulated Other Comprehensive Income ("AOCI"), which were not included in earnings. Amount excludes $9 million of net unrealized gains on impaired available-for-sale securities relating to changes in the value of such securities subsequent to the impairment measurement date. December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value OTTI in AOCI(3) (in thousands) Fixed maturities, available-for-sale U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 87,107 $ 7,170 $ 228 $ 94,049 $ 0 Obligations of U.S. states and their political subdivisions 602,508 24,219 1,958 624,769 0 Foreign government bonds 70,107 3,094 2,791 70,410 0 Public utilities 790,038 30,862 18,402 802,498 0 Redeemable preferred stock 5,316 1,530 145 6,701 0 All other U.S. public corporate securities 2,138,358 81,905 61,142 2,159,121 (217 ) All other U.S. private corporate securities 1,085,345 26,299 13,963 1,097,681 0 All other foreign public corporate securities 270,063 8,230 6,508 271,785 0 All other foreign private corporate securities 784,283 9,933 42,528 751,688 0 Asset-backed securities(1) 431,578 6,203 2,650 435,131 (3,056 ) Commercial mortgage-backed securities 396,160 10,614 2,429 404,345 0 Residential mortgage-backed securities(2) 114,943 7,876 65 122,754 (690 ) Total fixed maturities, available-for-sale $ 6,775,806 $ 217,935 $ 152,809 $ 6,840,932 $ (3,963 ) Equity securities, available-for-sale Common stocks: Public utilities $ 66 $ 2 $ 29 $ 39 Industrial, miscellaneous & other 0 165 0 165 Mutual funds 54,543 256 3,030 51,769 Non-redeemable preferred stocks 0 0 0 0 Total equity securities, available-for-sale $ 54,609 $ 423 $ 3,059 $ 51,973 (1) Includes credit-tranched securities collateralized by sub-prime mortgages, auto loans, credit cards, education loans and other asset types. (2) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (3) Represents the amount of OTTI losses in AOCI, which were not included in earnings. Amount excludes $9 million of net unrealized gains on impaired available-for-sale securities relating to changes in the value of such securities subsequent to the impairment measurement date. The amortized cost and fair value of fixed maturities by contractual maturities at March 31, 2016 , are as follows: Available-for-Sale Amortized Cost Fair Value (in thousands) Due in one year or less $ 477,002 $ 481,347 Due after one year through five years 1,199,786 1,248,874 Due after five years through ten years 1,432,613 1,475,328 Due after ten years 3,095,755 3,255,559 Asset-backed securities 350,399 353,586 Commercial mortgage-backed securities 455,185 478,778 Residential mortgage-backed securities 110,104 118,885 Total $ 7,120,844 $ 7,412,357 Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Asset-backed, commercial mortgage-backed and residential mortgage-backed securities are shown separately in the table above, as they are not due at a single maturity date. The following table depicts the sources of fixed maturity and equity security proceeds and related investment gains (losses), as well as losses on impairments of both fixed maturities and equity securities: Three Months Ended March 31, 2016 2015 (in thousands) Fixed maturities, available-for-sale Proceeds from sales $ 279,272 $ 88,320 Proceeds from maturities/repayments 169,867 151,823 Gross investment gains from sales, prepayments and maturities 2,794 2,517 Gross investment losses from sales and maturities (1,568 ) (391 ) Equity securities, available-for-sale Proceeds from sales $ 10 $ 0 Gross investment gains from sales 0 0 Gross investment losses from sales 0 0 Fixed maturity and equity security impairments Net writedowns for OTTI losses on fixed maturities recognized in earnings(1) $ (16,150 ) $ (12 ) Writedowns for impairments on equity securities 0 0 (1) Excludes the portion of OTTI recorded in “Other comprehensive income (loss),” representing any difference between the fair value of the impaired debt security and the net present value of its projected future cash flows at the time of the impairment. As discussed in Note 2 to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2015 , a portion of certain OTTI losses on fixed maturity securities is recognized in “Other comprehensive income (loss)” (“OCI”). For these securities, the net amount recognized in earnings (“credit loss impairments”) represents the difference between the amortized cost of the security and the net present value of its projected future cash flows discounted at the effective interest rate implicit in the debt security prior to impairment. Any remaining difference between the fair value and amortized cost is recognized in OCI. The following table sets forth the amount of pre-tax credit loss impairments on fixed maturity securities held by the Company as of the dates indicated, for which a portion of the OTTI loss was recognized in OCI, and the corresponding changes in such amounts. Three Months Ended March 31, 2016 2015 (in thousands) Balance, beginning of period $ 7,041 $ 8,729 Credit loss impairments previously recognized on securities which matured, paid down, prepaid or were sold during the period (907 ) (64 ) Credit loss impairments previously recognized on securities impaired to fair value during the period(1) (670 ) 0 Credit loss impairments recognized in the current period on securities not previously impaired 420 0 Additional credit loss impairments recognized in the current period on securities previously impaired 0 12 Increases due to the passage of time on previously recorded credit losses 53 37 Accretion of credit loss impairments previously recognized due to an increase in cash flows expected to be collected (79 ) (86 ) Balance, end of period $ 5,858 $ 8,628 (1) Represents circumstances where the Company determined in the current period that it intends to sell the security or it is more likely than not that it will be required to sell the security before recovery of the security's amortized cost. Trading Account Assets The following table sets forth the composition of “Trading account assets” as of the dates indicated: March 31, 2016 December 31, 2015 Amortized Cost Fair Value Amortized Cost Fair Value (in thousands) Fixed maturities $ 50,585 $ 45,663 $ 50,565 $ 46,364 Equity securities 15,831 22,199 14,761 18,248 Total trading account assets $ 66,416 $ 67,862 $ 65,326 $ 64,612 The net change in unrealized gains (losses) from trading account assets still held at period end, recorded within “Other income,” was $2.2 million and $(0.6) million for the three months ended March 31, 2016 and 2015 , respectively. Commercial Mortgage and Other Loans The Company’s commercial mortgage and other loans are comprised as follows, as of the dates indicated: March 31, 2016 December 31, 2015 Amount (in thousands) % of Total Amount (in thousands) % of Total Commercial mortgage and agricultural property loans by property type: Retail $ 387,326 23.7 % $ 440,767 26.7 % Apartments/Multi-Family 467,242 28.6 445,379 27.0 Industrial 252,402 15.4 254,884 15.4 Office 252,435 15.4 226,332 13.6 Other 102,552 6.3 92,581 5.6 Hospitality 70,179 4.3 85,910 5.2 Total commercial mortgage loans 1,532,136 93.7 1,545,853 93.5 Agricultural property loans 103,486 6.3 106,623 6.5 Total commercial mortgage and agricultural property loans by property type 1,635,622 100.0 % 1,652,476 100.0 % Valuation allowance (2,090 ) (2,651 ) Total net commercial mortgage and agricultural property loans by property type 1,633,532 1,649,825 Other Loans Uncollateralized loans 8,410 8,410 Valuation allowance 0 0 Total other loans 8,410 8,410 Total commercial mortgage and other loans $ 1,641,942 $ 1,658,235 The commercial mortgage and agricultural property loans are geographically dispersed throughout the United States (with the largest concentrations in California ( 24% ), Texas ( 12% ) and New Jersey ( 9% )) and include loans secured by properties in Australia and Europe at March 31, 2016 . Activity in the allowance for credit losses for all commercial mortgage and other loans, as of the dates indicated, is as follows: March 31, 2016 Commercial Mortgage Loans Agricultural Property Loans Uncollateralized Loans Total (in thousands) Allowance for credit losses, beginning of year $ 2,587 $ 64 $ 0 $ 2,651 Addition to (release of) allowance for losses (556 ) (5 ) 0 (561 ) Charge-offs, net of recoveries 0 0 0 0 Total ending balance $ 2,031 $ 59 $ 0 $ 2,090 December 31, 2015 Commercial Mortgage Loans Agricultural Property Loans Uncollateralized Loans Total (in thousands) Allowance for credit losses, beginning of year $ 4,071 $ 83 $ 0 $ 4,154 Addition to (release of) allowance for losses (1,484 ) (19 ) 0 (1,503 ) Charge-offs, net of recoveries 0 0 0 0 Total ending balance $ 2,587 $ 64 $ 0 $ 2,651 The following tables set forth the allowance for credit losses and the recorded investment in commercial mortgage and other loans as of the dates indicated: March 31, 2016 Commercial Mortgage Loans Agricultural Property Loans Uncollateralized Loans Total (in thousands) Allowance for Credit Losses: Individually evaluated for impairment $ 0 $ 0 $ 0 $ 0 Collectively evaluated for impairment 2,031 59 0 2,090 Loans acquired with deteriorated credit quality 0 0 0 0 Total ending balance $ 2,031 $ 59 $ 0 $ 2,090 Recorded Investment(1): Gross of reserves: individually evaluated for impairment $ 0 $ 287 $ 0 $ 287 Gross of reserves: collectively evaluated for impairment 1,532,136 103,199 8,410 1,643,745 Gross of reserves: loans acquired with deteriorated credit quality 0 0 0 0 Total ending balance, gross of reserves $ 1,532,136 $ 103,486 $ 8,410 $ 1,644,032 (1) Recorded investment reflects the carrying value gross of related allowance. December 31, 2015 Commercial Mortgage Loans Agricultural Property Loans Uncollateralized Loans Total (in thousands) Allowance for Credit Losses: Individually evaluated for impairment $ 0 $ 0 $ 0 $ 0 Collectively evaluated for impairment 2,587 64 0 2,651 Loans acquired with deteriorated credit quality 0 0 0 0 Total ending balance $ 2,587 $ 64 $ 0 $ 2,651 Recorded Investment(1): Gross of reserves: individually evaluated for impairment $ 0 $ 287 $ 0 $ 287 Gross of reserves: collectively evaluated for impairment 1,545,853 106,336 8,410 1,660,599 Gross of reserves: loans acquired with deteriorated credit quality 0 0 0 0 Total ending balance, gross of reserves $ 1,545,853 $ 106,623 $ 8,410 $ 1,660,886 (1) Recorded investment reflects the carrying value gross of related allowance. Impaired loans include those loans for which it is probable that all amounts due will not be collected according to the contractual terms of the loan agreement. Impaired commercial mortgage and other loans identified in management's specific review of probable loan losses and the related allowance for losses, as of the dates indicated, are as follows: March 31, 2016 Recorded Investment(1) Unpaid Principal Balance Related Allowance Average Recorded Investment Before Allowance(2) Interest Income Recognized(3) (in thousands) With no related allowance recorded $ 0 $ 0 $ 0 $ 0 $ 0 With an allowance recorded 0 0 0 0 0 Total $ 0 $ 0 $ 0 $ 0 $ 0 (1) Recorded investment reflects the carrying value gross of related allowance. (2) Average recorded investment represents the average of the beginning-of-period and end-of-period balances. (3) The interest income recognized is for the year-to-date income regardless of when the impairments occurred. December 31, 2015 Recorded Investment(1) Unpaid Principal Balance Related Allowance Average Recorded Investment Before Allowance(2) Interest Income Recognized(3) (in thousands) With no related allowance recorded $ 0 $ 0 $ 0 $ 0 $ 0 With an allowance recorded 0 0 0 12,700 769 Total $ 0 $ 0 $ 0 $ 12,700 $ 769 (1) Recorded investment reflects the carrying value gross of related allowance. (2) Average recorded investment represents the average of the beginning-of-period and all subsequent quarterly end-of-period balances. (3) The interest income recognized is for the year-to-date income regardless of when the impairments occurred. The following tables set forth certain key credit quality indicators based upon the recorded investment gross of allowance for credit losses as of the dates indicated: Debt Service Coverage Ratio - March 31, 2016 Greater than 1.2X 1.0X to <1.2X Less than 1.0X Total (in thousands) Loan-to-Value Ratio 0%-59.99% $ 978,771 $ 22,821 $ 287 $ 1,001,879 60%-69.99% 396,369 16,769 0 413,138 70%-79.99% 204,064 13,617 0 217,681 Greater than 80% 0 2,924 0 2,924 Total commercial mortgage and agricultural property loans $ 1,579,204 $ 56,131 $ 287 $ 1,635,622 Debt Service Coverage Ratio - December 31, 2015 Greater than 1.2X 1.0X to <1.2X Less than 1.0X Total (in thousands) Loan-to-Value Ratio 0%-59.99% $ 1,004,751 $ 35,579 $ 6,762 $ 1,047,092 60%-69.99% 378,799 4,969 4,016 387,784 70%-79.99% 197,208 12,471 0 209,679 Greater than 80% 0 2,938 4,983 7,921 Total commercial mortgage and agricultural property loans $ 1,580,758 $ 55,957 $ 15,761 $ 1,652,476 The following tables provide an aging of past due commercial mortgage and other loans as of the dates indicated, based upon the recorded investment gross of allowance for credit losses, as well as the amount of commercial mortgage loans on non-accrual status as of the dates indicated. March 31, 2016 Current 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Total Commercial Mortgage and Other Loans Non-Accrual Status (in thousands) Commercial mortgage loans $ 1,532,136 $ 0 $ 0 $ 0 1,532,136 $ 0 Agricultural property loans 103,199 0 0 287 103,486 287 Uncollateralized loans 8,410 0 0 0 8,410 0 Total $ 1,643,745 $ 0 $ 0 $ 287 $ 1,644,032 $ 287 December 31, 2015 Current 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Total Commercial Mortgage and Other Loans Non-Accrual Status (in thousands) Commercial mortgage loans $ 1,545,853 $ 0 $ 0 $ 0 1,545,853 $ 0 Agricultural property loans 106,336 287 0 0 106,623 0 Uncollateralized loans 8,410 0 0 0 8,410 0 Total $ 1,660,599 $ 287 $ 0 $ 0 $ 1,660,886 $ 0 See Note 2 to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2015 for further discussion regarding non-accrual status loans. For the three months ended March 31, 2016 and 2015 , there were no commercial mortgage and other loans acquired, other than those through direct origination, nor were there any commercial mortgage and other loans sold. The Company’s commercial mortgage and other loans may occasionally be involved in a troubled debt restructuring. As of both March 31, 2016 and December 31, 2015 , the Company had no significant commitments to borrowers that have been involved in a troubled debt restructuring. For the three months ended March 31, 2016 and 2015 , there were no new troubled debt restructurings related to commercial mortgage and other loans and no payment defaults on commercial mortgage and other loans that were modified as a troubled debt restructuring within the twelve months preceding. For additional information relating to the accounting for troubled debt restructurings, see Note 2 to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2015 . As of both March 31, 2016 and December 31, 2015 , the Company did not have any foreclosed residential real estate property. Net Investment Income Net investment income for the three months ended March 31, 2016 and 2015 , was from the following sources: Three Months Ended March 31, 2016 2015 (in thousands) Fixed maturities, available-for-sale $ 75,710 $ 63,938 Equity securities, available-for-sale 0 1 Trading account assets 759 512 Commercial mortgage and other loans 19,773 20,897 Policy loans 15,498 15,115 Short-term investments and cash equivalents 737 275 Other long-term investments (880 ) 8,070 Gross investment income 111,597 108,808 Less: investment expenses (6,145 ) (5,388 ) Net investment income $ 105,452 $ 103,420 Realized Investment Gains (Losses), Net Realized investment gains (losses), net, for the three months ended March 31, 2016 and 2015 , were from the following sources: Three Months Ended March 31, 2016 2015 (in thousands) Fixed maturities $ (14,924 ) $ 2,114 Equity securities 0 0 Commercial mortgage and other loans 562 151 Joint ventures and limited partnerships (148 ) 38 Derivatives 69,647 56,720 Other 14 2 Realized investment gains (losses), net $ 55,151 $ 59,025 Accumulated Other Comprehensive Income (Loss) The balance of and changes in each component of “Accumulated other comprehensive income (loss)” for the three months ended March 31, 2016 and 2015 , are as follows: Accumulated Other Comprehensive Income (Loss) Foreign Currency Translation Adjustment Net Unrealized Investment Gains (Losses)(1) Total Accumulated Other Comprehensive Income (Loss) (in thousands) Balance, December 31, 2015 $ (397 ) $ 65,202 $ 64,805 Change in OCI before reclassifications 219 162,282 162,501 Amounts reclassified from AOCI 0 14,924 14,924 Income tax benefit (expense) (76 ) (62,022 ) (62,098 ) Balance, March 31, 2016 $ (254 ) $ 180,386 $ 180,132 Accumulated Other Comprehensive Income (Loss) Foreign Currency Translation Adjustment Net Unrealized Investment Gains (Losses)(1) Total Accumulated Other Comprehensive Income (Loss) (in thousands) Balance, December 31, 2014 $ (67 ) $ 178,758 $ 178,691 Change in OCI before reclassifications (520 ) 81,731 81,211 Amounts reclassified from AOCI 0 (2,114 ) (2,114 ) Income tax benefit (expense) 182 (27,866 ) (27,684 ) Balance, March 31, 2015 $ (405 ) $ 230,509 $ 230,104 (1) Includes cash flow hedges of $31 million and $48 million as of March 31, 2016 and December 31, 2015 , respectively, and $36 million and $12 million as of March 31, 2015 and December 31, 2014 , respectively . Reclassifications out of Accumulated Other Comprehensive Income (Loss) Three Months Ended Three Months Ended (in thousands) Amounts reclassified from AOCI (1)(2): Net unrealized investment gains (losses): Cash flow hedges - Currency/Interest rate(3) $ (827 ) $ 1,801 Net unrealized investment gains (losses) on available-for-sale securities(4) (14,097 ) 313 Total net unrealized investment gains (losses) (14,924 ) 2,114 Total reclassifications for the period $ (14,924 ) $ 2,114 (1) All amounts are shown before tax. (2) Positive amounts indicate gains/benefits reclassified out of AOCI. Negative amounts indicate losses/costs reclassified out of AOCI. (3) See Note 5 for additional information on cash flow hedges. (4) See table below for additional information on unrealized investment gains (losses), including the impact on deferred policy acquisition costs and other costs, future policy benefits and policyholders’ account balances. Net Unrealized Investment Gains (Losses) Net unrealized investment gains and losses on securities classified as available-for-sale and certain other long-term investments and other assets are included in the Company’s Unaudited Interim Consolidated Statements of Financial Position as a component of AOCI. Changes in these amounts include reclassification adjustments to exclude from OCI those items that are included as part of “Net income” for a period that had been part of OCI in earlier periods. The amounts for the periods indicated below, split between amounts related to fixed maturity securities on which an OTTI loss has been recognized, and all other net unrealized investment gains and losses, are as follows: Net Unrealized Investment Gains and Losses on Fixed Maturity Securities on which an OTTI loss has been recognized Net Unrealized Gains (Losses) on Investments DAC and Other Costs Future Policy Benefits and Policyholders’ Account Balances(2) Deferred Income Tax (Liability) Benefit Accumulated Other Comprehensive Income (Loss) Related To Net Unrealized Investment Gains (Losses) (in thousands) Balance, December 31, 2015 $ 5,196 $ (1,350 ) $ 1,114 $ (1,767 ) $ 3,193 Net investment gains (losses) on investments arising during the period 96 0 0 (34 ) 62 Reclassification adjustment for (gains) losses included in net income (111 ) 0 0 39 (72 ) Reclassification adjustment for OTTI losses excluded from net income(1) (485 ) 0 0 170 (315 ) Impact of net unrealized investment (gains) losses on DAC and other costs 0 118 0 (41 ) 77 Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances 0 0 (147 ) 51 (96 ) Balance, March 31, 2016 $ 4,696 $ (1,232 ) $ 967 $ (1,582 ) $ 2,849 (1) Represents "transfers in" related to the portion of OTTI losses recognized during the period that were not recognized in earnings for securities with no prior OTTI loss. (2) Balances are net of reinsurance. All Other Net Unrealized Investment Gains and Losses in AOCI Net Unrealized Gains (Losses) on Investments(2) DAC and Future Policy Benefits and Policyholders’ Account Balances(3) Deferred Income Tax (Liability) Benefit Accumulated Other Comprehensive Income (Loss) Related To Net Unrealized Investment Gains (Losses) (in thousands) Balance, December 31, 2015 $ 111,837 $ (19,252 ) $ 2,647 $ (33,223 ) $ 62,009 Net investment gains (losses) on investments arising during the period 196,014 0 0 (68,604 ) 127,410 Reclassification adjustment for (gains) losses included in net income 15,035 0 0 (5,262 ) 9,773 Reclassification adjustment for OTTI losses excluded from net income(1) 485 0 0 (170 ) 315 Impact of net unrealized investment (gains) losses on DAC and other costs 0 (59,669 ) 0 20,884 (38,785 ) Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances 0 0 25,870 (9,055 ) 16,815 Balance, March 31, 2016 $ 323,371 $ (78,921 ) $ 28,517 $ (95,430 ) $ 177,537 (1) Represents "transfers out" related to the portion of OTTI losses recognized during the period that were not recognized in earnings for securities with no prior OTTI loss. (2) Includes cash flow hedges. See Note 5 for information on cash flow hedges. (3) Balances are net of reinsurance. Net Unrealized Gains (Losses) on Investments by Asset Class The table below presents net unrealized gains (losses) on investments by asset class as of the dates indicated: March 31, 2016 December 31, 2015 (in thousands) Fixed maturity securities on which an OTTI loss has been recognized $ 4,696 $ 5,196 Fixed maturity securities, available-for-sale - all other 286,817 59,930 Equity securities, available-for-sale (2,021 ) (2,636 ) Derivatives designated as cash flow hedges(1) 31,172 48,271 Other investments 7,403 6,272 Net unrealized gains (losses) on investments $ 328,067 $ 117,033 (1) See Note 5 for more information on cash flow hedges. Duration of Gross Unrealized Loss Positions for Fixed Maturities and Equity Securities The following table shows the fair value and gross unrealized losses aggregated by investment category and length of time that individual fixed maturity securities and equity securities have been in a continuous unrealized loss position, as of the dates indicated: March 31, 2016 Less than twelve months Twelve months or more Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (in thousands) Fixed maturities, available-for-sale U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 24,999 $ 1 $ 0 $ 0 $ 24,999 $ 1 Obligations of U.S. states and their political subdivisions 2,912 10 12,747 174 15,659 184 Foreign government bonds 8,708 85 4,708 555 13,416 640 Public utilities 61,981 1,272 51,984 3,660 113,965 4,932 Redeemable preferred stock 0 156 0 0 0 156 All other U.S. public corporate securities 241,672 11,310 158,461 13,563 400,133 24,873 All other U.S. private corporate securities 162,658 7,223 16,168 1,238 178,826 8,461 All other foreign public corporate securities 29,403 2,424 6,827 929 36,230 3,353 All other foreign private corporate securities 112,218 4,206 179,934 19,667 292,152 23,873 Asset-backed securities 118,032 1,962 43,545 717 161,577 2,679 Commercial mortgage-backed securities 522 0 3,828 62 4,350 62 Residential mortgage-backed securities 888 27 1,406 10 2,294 37 Total $ 763,993 $ 28,676 $ 479,608 $ 40,575 $ 1,243,601 $ 69,251 Equity securities, available-for-sale $ 32,679 $ 2,471 $ 4,611 $ 390 $ 37,290 $ 2,861 December 31, 2015 Less than twelve months Twelve months or more Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (in thousands) Fixed maturities, available-for-sale U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 5,985 $ 228 $ 0 $ 0 $ 5,985 $ 228 Obligations of U.S. states and their political subdivisions 77,756 1,958 0 0 77,756 1,958 Foreign government bonds 44,854 1,940 1,813 851 46,667 2,791 Public utilities 323,086 13,151 26,094 5,251 349,180 18,402 All other U.S. public corporate securities 802,158 49,343 61,110 11,799 863,268 61,142 All other U.S. private corporate securities 323,218 12,476 17,103 1,487 340,321 13,963 All other foreign public corporate securities 121,662 5,098 6,079 1,410 127,741 6,508 All other foreign private corporate securities 284,191 14,234 154,791 28,439 438,982 42,673 Asset-backed securities 249,084 1,565 93,675 1,085 342,759 2,650 Commercial mortgage-backed securities 129,765 2,350 4,221 79 133,986 2,429 Residential mortgage-backed securities 18,435 59 1,519 6 19,954 65 Total $ 2,380,194 $ 102,402 $ 366,405 $ 50,407 $ 2,746,599 $ 152,809 Equity securities, available-for-sale $ 35,869 $ 2,339 $ 9,281 $ 720 $ 45,150 $ 3,059 The gross unrealized losses on fixed maturity securities as of March 31, 2016 and December 31, 2015 , were composed of $53.3 million and $133.6 million , respectively, related to high or highest quality securities based on the National Association of Insurance Commissioners (“NAIC”) or equivalent rating and $15.9 million and $19.2 million , respectively, related to other than high or highest quality securities based on NAIC or equivalent rating. As of March 31, 2016 , the $40.6 million of gross unrealized losses of twelve months or more were concentrated in the energy, consumer non-cyclical, utility and basic industry sectors of the Company's corporate securities. As of December 31, 2015 , the $50.4 million of gross unrealized losses of twelve months or more were concentrated in the energy, consumer non-cyclical, utility and finance sectors of the Company's corporate securities. In accordance with its policy described in Note 2 to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2015 , the Company concluded that an adjustment to earnings for OTTI for these securities was not warranted at March 31, 2016 or December 31, 2015 . These conclusions are based on a detailed analysis of the underlying credit and cash flows on each security. The gross unrealized losses are primarily attributable to a decrease in interest rates, general credit spread tightening and foreign currency exchange rate movements. As of March 31, 2016 , the Company does not intend to sell these securities and it is not more likely than not that the Company will be required to sell these securities before the anticipated recovery of the remaining amortized cost basis. As of both March 31, 2016 and December 31, 2015 , none of the gross unrealized losses related to equity securities represented declines in value of greater than 20%. In accordance with its policy described in Note 2 to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2015 , the Company concluded that an adjustment for OTTI for these equity securities was not warranted at March 31, 2016 or December 31, 2015 . Securities Lending and Repurchase Agreements In the normal course of business, the Company sells securities under agreements to repurchase and enters into securities lending transactions. As of March 31, 2016 , the Company had $5 million of securities lending transactions recorded as "Cash collateral for loaned securities," comprised of $2 million in corporate securities, and $3 million in foreign government bonds. All of the $5 million of securities lending transactions have a remaining contractual maturity that is overnight and continuous. As of December 31, 2015 , the Company had $40 million of securities lending transactions recorded as "Cash collateral for loaned securities," comprised of $33 million in corporate securities and $7 million in foreign government bonds. Of the $40 million of securities lending transactions, $38 million had a remaining contractual maturity that was overnight and continuous, while the other $2 million had a remaining contractual maturity of up to thirty days. As of both March 31, 2016 and December 31, 2015 , the Company had no repurchase transactions.

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities	FAIR VALUE OF ASSETS AND LIABILITIES Fair Value Measurement - Fair value represents the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The authoritative fair value guidance establishes a framework for measuring fair value that includes a hierarchy used to classify the inputs used in measuring fair value. The level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. The levels of the fair value hierarchy are as follows: Level 1 – Fair value is based on unadjusted quoted prices in active markets that are accessible to the Company for identical assets or liabilities. The Company’s Level 1 assets and liabilities primarily include certain cash equivalents, short-term investments and equity securities that trade on an active exchange market. Level 2 – Fair value is based on significant inputs, other than quoted prices included in Level 1, that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability through corroboration with observable market data. Level 2 inputs include quoted market prices in active markets for similar assets and liabilities, quoted market prices in markets that are not active for identical or similar assets or liabilities, and other market observable inputs. The Company’s Level 2 assets and liabilities include: fixed maturities (corporate public and private bonds, most government securities, certain asset-backed and mortgage-backed securities, etc.), certain equity securities (mutual funds, which do not trade in active markets because they are not publicly available), certain short-term investments and certain cash equivalents, and certain over-the-counter ("OTC") derivatives. Level 3 – Fair value is based on at least one significant unobservable input for the asset or liability. The assets and liabilities in this category may require significant judgment or estimation in determining the fair value. The Company’s Level 3 assets and liabilities primarily include: certain private fixed maturities and equity securities, certain manually priced public equity securities and fixed maturities, certain highly structured OTC derivative contracts, certain real estate funds for which the Company is the general partner and embedded derivatives resulting from reinsurance or certain products with guaranteed benefits. Assets and Liabilities by Hierarchy Level – The tables below present the balances of assets and liabilities reported at fair value on a recurring basis, as of the dates indicated. March 31, 2016 Level 1 Level 2 Level 3 Netting(1) Total (in thousands) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 177,167 $ 0 $ 0 $ 177,167 Obligations of U.S. states and their political subdivisions 0 670,203 0 0 670,203 Foreign government bonds 0 98,968 0 0 98,968 U.S. corporate public securities 0 2,961,999 55,003 0 3,017,002 U.S. corporate private securities 0 1,354,510 29,248 0 1,383,758 Foreign corporate public securities 0 293,841 0 0 293,841 Foreign corporate private securities 0 805,971 14,198 0 820,169 Asset-backed securities 0 229,195 124,391 0 353,586 Commercial mortgage-backed securities 0 478,778 0 0 478,778 Residential mortgage-backed securities 0 118,885 0 0 118,885 Sub-total 0 7,189,517 222,840 0 7,412,357 Trading account assets: Corporate securities 0 43,668 0 0 43,668 Asset-backed securities 0 1,995 0 0 1,995 Equity securities 0 0 22,199 0 22,199 Sub-total 0 45,663 22,199 0 67,862 Equity securities, available-for-sale 43 57,385 150 0 57,578 Short-term investments 7 46,607 0 0 46,614 Cash equivalents 5,317 200,964 0 0 206,281 Other long-term investments 0 458,035 2,444 (444,724 ) 15,755 Reinsurance recoverables 0 0 6,741,737 0 6,741,737 Receivables from parent and affiliates 0 161,396 569 0 161,965 Sub-total excluding separate account assets 5,367 8,159,567 6,989,939 (444,724 ) 14,710,149 Separate account assets(2) 0 109,912,778 0 0 109,912,778 Total assets $ 5,367 $ 118,072,345 $ 6,989,939 $ (444,724 ) $ 124,622,927 Future policy benefits(3) $ 0 $ 0 $ 7,098,647 $ 0 $ 7,098,647 Payables to parent and affiliates 0 45,035 0 (45,035 ) 0 Total liabilities $ 0 $ 45,035 $ 7,098,647 $ (45,035 ) $ 7,098,647 December 31, 2015 Level 1 Level 2 Level 3 Netting(1) Total (in thousands) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 94,049 $ 0 $ 0 $ 94,049 Obligations of U.S. states and their political subdivisions 0 624,769 0 0 624,769 Foreign government bonds 0 70,410 0 0 70,410 U.S. corporate public securities 0 2,635,551 55,003 0 2,690,554 U.S. corporate private securities 0 1,322,213 22,716 0 1,344,929 Foreign corporate public securities 0 275,349 0 0 275,349 Foreign corporate private securities 0 760,869 17,773 0 778,642 Asset-backed securities 0 261,784 173,347 0 435,131 Commercial mortgage-backed securities 0 404,345 0 0 404,345 Residential mortgage-backed securities 0 122,754 0 0 122,754 Sub-total 0 6,572,093 268,839 0 6,840,932 Trading account assets: Corporate securities 0 44,374 0 0 44,374 Asset-backed securities 0 1,990 0 0 1,990 Equity securities 0 0 18,248 0 18,248 Sub-total 0 46,364 18,248 0 64,612 Equity securities, available-for-sale 39 51,769 165 0 51,973 Short-term investments 18,713 36,093 0 0 54,806 Cash equivalents 50,998 143,927 0 0 194,925 Other long-term investments(4) 0 297,394 5,704 (230,554 ) 72,544 Reinsurance recoverables 0 0 4,940,011 0 4,940,011 Receivables from parent and affiliates 0 157,625 5,000 0 162,625 Sub-total excluding separate account assets 69,750 7,305,265 5,237,967 (230,554 ) 12,382,428 Separate account assets(2)(4) 0 108,967,162 0 0 108,967,162 Total assets $ 69,750 $ 116,272,427 $ 5,237,967 $ (230,554 ) $ 121,349,590 Future policy benefits(3) $ 0 $ 0 $ 5,205,434 $ 0 $ 5,205,434 Payables to parent and affiliates 0 32,849 0 (32,849 ) 0 Total liabilities $ 0 $ 32,849 $ 5,205,434 $ (32,849 ) $ 5,205,434 (1) “Netting” amounts represent cash collateral of $400 million and $198 million as of March 31, 2016 and December 31, 2015 , respectively, and the impact of offsetting asset and liability positions held with the same counterparty, subject to master netting arrangements. (2) Separate account assets represent segregated funds that are invested for certain customers. Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts. Separate account liabilities are not included in the above table as they are reported at contract value and not fair value in the Company’s Unaudited Interim Consolidated Statements of Financial Position. (3) As of March 31, 2016 , the net embedded derivative liability position of $7,099 million includes $653 million of embedded derivatives in an asset position and $7,752 million of embedded derivatives in a liability position. As of December 31, 2015 , the net embedded derivative liability position of $5,205 million includes $655 million of embedded derivatives in an asset position and $5,860 million of embedded derivatives in a liability position. (4) Prior period amounts are presented on a basis consistent with the current period presentation, reflecting the adoption of ASU 2015-07. The methods and assumptions the Company uses to estimate the fair value of assets and liabilities measured at fair value on a recurring basis are summarized below. Fixed Maturity Securities – The fair values of the Company’s public fixed maturity securities are generally based on prices obtained from independent pricing services. Prices for each security are generally sourced from multiple pricing vendors, and a vendor hierarchy is maintained by asset type based on historical pricing experience and vendor expertise. The Company ultimately uses the price from the pricing service highest in the vendor hierarchy based on the respective asset type. The pricing hierarchy is updated for new financial products and recent pricing experience with various vendors. Consistent with the fair value hierarchy described above, securities with validated quotes from pricing services are generally reflected within Level 2, as they are primarily based on observable pricing for similar assets and/or other market observable inputs. Typical inputs used by these pricing services include but are not limited to, reported trades, benchmark yields, issuer spreads, bids, offers, and/or estimated cash flow, prepayment speeds, and default rates. If the pricing information received from third-party pricing services is deemed not reflective of market activity or other inputs observable in the market, the Company may challenge the price through a formal process with the pricing service or classify the securities as Level 3. If the pricing service updates the price to be more consistent with the presented market observations, the security remains within Level 2. Internally-developed valuations or indicative broker quotes are also used to determine fair value in circumstances where vendor pricing is not available, or where the Company ultimately concludes that pricing information received from independent pricing services is not reflective of market activity. If the Company concludes the values from both pricing services and brokers are not reflective of market activity, it may override the information with an internally-developed valuation. As of March 31, 2016 and December 31, 2015 , overrides on a net basis were not material. Pricing service overrides, internally-developed valuations and indicative broker quotes are generally included in Level 3 in the fair value hierarchy. The Company conducts several specific price monitoring activities. Daily analyses identify price changes over predetermined thresholds defined at the financial instrument level. Various pricing integrity reports are reviewed on a daily and monthly basis to determine if pricing is reflective of market activity or if it would warrant any adjustments. Other procedures performed include, but are not limited to, reviews of third-party pricing services methodologies, reviews of pricing trends, and back testing. The fair value of private fixed maturities, which are comprised of investments in private placement securities, originated by internal private asset managers, are primarily determined using discounted cash flow models. These models primarily use observable inputs that include Treasury or similar base rates plus estimated credit spreads to value each security. The credit spreads are obtained through a survey of private market intermediaries who are active in both primary and secondary transactions, and consider, among other factors, the credit quality and industry sector of the issuer and the reduced liquidity associated with private placements. Since most private placements are valued using standard market observable inputs and inputs derived from, or corroborated by, market observable data including observed prices and spreads for similar publicly-traded or privately-traded issues, they have been reflected within Level 2. For certain private fixed maturities, the discounted cash flow model may incorporate significant unobservable inputs, which reflect the Company’s own assumptions about the inputs that market participants would use in pricing the asset. To the extent management determines that such unobservable inputs are significant to the price of a security, a Level 3 classification is made. Trading Account Assets – Trading account assets consist primarily of corporate and equity securities, asset-backed securities and perpetual preferred stock whose fair values are determined consistent with similar instruments described above under “Fixed Maturity Securities” and below under “Equity Securities”. Equity Securities – Equity securities consist principally of investments in common and preferred stock of publicly-traded companies, perpetual preferred stock, privately-traded securities, as well as mutual fund shares. The fair values of most publicly-traded equity securities are based on quoted market prices in active markets for identical assets and are classified within Level 1 in the fair value hierarchy. Estimated fair values for most privately traded equity securities are determined using discounted cash flow, earnings multiple and other valuation models that require a substantial level of judgment around inputs and therefore are classified within Level 3. The fair values of mutual fund shares that transact regularly (but do not trade in active markets because they are not publicly available) are based on transaction prices of identical fund shares and are classified within Level 2 in the fair value hierarchy. The fair values of perpetual preferred stock are based on inputs obtained from independent pricing services that are primarily based on indicative broker quotes. As a result, the fair values of perpetual preferred stock are classified as Level 3. Derivative Instruments – Derivatives are recorded at fair value either as assets, within “Other long-term investments”, or as liabilities, within “Payables to parent and affiliates”, except for embedded derivatives which are recorded with the associated host contract. The fair values of derivative contracts can be affected by changes in interest rates, foreign exchange rates, credit spreads, market volatility, expected returns, non-performance risk (“NPR”), liquidity and other factors. For derivative positions included within Level 3 of the fair value hierarchy, liquidity valuation adjustments are made to reflect the cost of exiting significant risk positions and consider the bid-ask spread, maturity, complexity, and other specific attributes of the underlying derivative position. The majority of the Company’s derivative positions are traded in the OTC derivative market and are classified within Level 2 in the fair value hierarchy. OTC derivatives classified within Level 2 are valued using models that utilize actively quoted or observable market input values from external market data providers, third-party pricing vendors and/or recent trading activity. The Company’s policy is to use mid-market pricing in determining its best estimate of fair value. The fair values of most OTC derivatives, including interest rate, cross-currency swaps, currency forward contracts and single name credit default swaps are determined using discounted cash flow models. The fair values of European style option contracts are determined using Black Scholes option pricing models. These models’ key inputs include the contractual terms of the respective contract, along with significant observable inputs, including interest rates, currency rates, credit spreads, equity prices, index dividend yields, NPR, volatility and other factors. The Company’s cleared interest rate swaps and credit derivatives linked to an index are valued using models that utilize actively quoted or observable market inputs, including Overnight Indexed Swap discount rates, obtained from external market data providers, third-party pricing vendors and/or recent trading activity. These derivatives are classified as Level 2 in the fair value hierarchy. To reflect the market’s perception of its own and the counterparty’s NPR, the Company incorporates additional spreads over London Inter-Bank Offered Rate ("LIBOR") into the discount rate used in determining the fair value of OTC derivative assets and liabilities that are not otherwise collateralized. Derivatives classified as Level 3 include structured products. These derivatives are valued based upon models such as Monte Carlo simulation models and other techniques that utilize significant unobservable inputs. Level 3 methodologies are validated through periodic comparison of the Company’s fair values to external broker-dealer values. As discussed in Note 2 , the Company adopted ASU 2015-07, effective January 1, 2016, which resulted in the exclusion of certain "Other long-term investments" from the fair value hierarchy. The guidance was required to be applied retrospectively, and therefore, prior period amounts have been revised to conform to the current period presentation. At both March 31, 2016 and December 31, 2015 , the fair values of these investments, which include certain hedge funds, private equity funds and other funds were $1 million , which had been previously classified in Level 3 at December 31, 2015 . Cash Equivalents and Short-Term Investments – Cash equivalents and short-term investments include money market instruments, and other highly liquid debt instruments. Certain money market instruments are valued using unadjusted quoted prices in active markets that are accessible for identical assets and are primarily classified as Level 1. The remaining instruments in this category are generally fair valued based on market observable inputs and, these investments have primarily been classified within Level 2. Separate Account Assets – Separate account assets include fixed maturity securities, treasuries, equity securities and mutual funds for which values are determined consistent with similar instruments described above under “Fixed Maturity Securities” and “Equity Securities”. As discussed in Note 2 , the Company adopted ASU 2015-07, effective January 1, 2016, which resulted in the exclusion of certain separate account investments from the fair value hierarchy. The guidance was required to be applied retrospectively, and therefore, prior period amounts have been revised to conform to the current period presentation. At March 31, 2016 and December 31, 2015 , the fair values of separate account assets excluded from the fair value hierarchy, which include investments in real estate and other invested assets, were $424 million and $383 million , respectively, which had been previously classified in Level 3 at December 31, 2015 . Receivables from Parent and Affiliates – Receivables from parent and affiliates carried at fair value include affiliated bonds within the Company’s legal entity whose fair values are determined consistent with similar securities described above under “Fixed Maturity Securities” managed by affiliated asset managers. Reinsurance Recoverables – Reinsurance recoverables carried at fair value include the reinsurance of the Company’s living benefit guarantees on certain variable annuity contracts. These guarantees are accounted for as embedded derivatives and are recorded in “Reinsurance Recoverables” or “Other Liabilities” when fair value is in an asset or liability position, respectively. The methods and assumptions used to estimate the fair value are consistent with those described below in “Future Policy Benefits”. The reinsurance agreements covering these guarantees are derivatives with fair value determined in the same manner as the living benefit guarantee. The Company also has an agreement with Universal Prudential Arizona Reinsurance Company (“UPARC”), an affiliated captive reinsurance company, to reinsure risks associated with the no-lapse guarantee provision available on a portion of certain universal life products (see Note 7 ). Under this agreement, the Company pays a premium to UPARC to reinsure the risk of uncollectible policy charges and fees associated with the no-lapse guarantee provision. Reinsurance of this risk is accounted for as an embedded derivative which is included in “Reinsurance recoverables”. The fair value of this embedded derivative is the present value of expected reimbursement from UPARC for cost of insurance charges the Company is unable to collect from policyholders, less the present value of reinsurance premiums that is attributable to the embedded derivative feature. This methodology could result in either an asset or liability, given changes in capital market conditions and various policyholder behavior assumptions. Significant inputs to the valuation model for this embedded derivative include capital market assumptions, such as interest rates, estimated NPR of the counterparty, and various assumptions that are actuarially determined, including lapse rates, premium payment patterns and mortality rates. Future Policy Benefits – The liability for future policy benefits is related to guarantees primarily associated with the living benefit features of certain variable annuity contracts, including guaranteed minimum accumulation benefits (“GMAB”), guaranteed minimum withdrawal benefits (“GMWB”) and guaranteed minimum income and withdrawal benefits (“GMIWB”), accounted for as embedded derivatives. The fair values of these liabilities are calculated as the present value of future expected benefit payments to contractholders less the present value of future expected rider fees attributable to the optional living benefit feature. This methodology could result in either a liability or contra-liability balance, given changing capital market conditions and various actuarial assumptions. Since there is no observable active market for the transfer of these obligations, the valuations are calculated using internally-developed models with option pricing techniques. The models are based on a risk neutral valuation framework and incorporate premiums for risks inherent in valuation techniques, inputs, and the general uncertainty around the timing and amount of future cash flows. The determination of these risk premiums requires the use of management’s judgment. The significant inputs to the valuation models for these embedded derivatives include capital market assumptions, such as interest rate levels and volatility assumptions, the Company’s market-perceived NPR, as well as actuarially determined assumptions, including contractholder behavior such as lapse rates, benefit utilization rates, withdrawal rates and mortality rates. Since many of these assumptions are unobservable and are considered to be significant inputs to the liability valuation, the liability included in future policy benefits has been reflected within Level 3 in the fair value hierarchy. Capital market inputs and actual contractholders’ account values are updated each quarter based on capital market conditions as of the end of the quarter, including interest rates, equity markets and volatility. In the risk neutral valuation, the initial swap curve drives the total return used to grow the contractholders’ account values. The Company’s discount rate assumption is based on the LIBOR swap curve adjusted for an additional spread relative to LIBOR to reflect NPR. Actuarial assumptions, including contractholder behavior and mortality, are reviewed at least annually and updated based upon emerging experience, future expectations and other data, including any observable market data. These assumptions are generally updated annually unless a material change that the Company feels is indicative of a long-term trend is observed in an interim period. Transfers between Levels 1 and 2 – Transfers between levels are made to reflect changes in observability of inputs and market activity. Transfers into or out of any level are generally reported as the value as of the beginning of the quarter in which the transfers occur for any such assets still held at the end of the quarter. Periodically there are transfers between Level 1 and Level 2 for assets held in the Company’s separate account. During the three months ended March 31, 2016 and 2015 , there were no transfers between Levels 1 and 2. Level 3 Assets and Liabilities by Price Source – The tables below present the balances of Level 3 assets and liabilities measured at fair value with their corresponding pricing sources. March 31, 2016 Internal(1) External(2) Total (in thousands) Corporate securities(3) $ 43,449 $ 55,000 $ 98,449 Asset-backed securities(4) 136 124,255 124,391 Equity securities 4,589 17,760 22,349 Other long-term investments 0 2,444 2,444 Reinsurance recoverables 6,741,737 0 6,741,737 Receivables from parent and affiliates 0 569 569 Total assets $ 6,789,911 $ 200,028 $ 6,989,939 Future policy benefits $ 7,098,647 $ 0 $ 7,098,647 Total liabilities $ 7,098,647 $ 0 $ 7,098,647 December 31, 2015 Internal(1) External(2) Total (in thousands) Corporate securities(3) $ 40,492 $ 55,000 $ 95,492 Asset-backed securities(4) 158 173,189 173,347 Equity securities 165 18,248 18,413 Other long-term investments(5) 3,260 2,444 5,704 Reinsurance recoverables 4,940,011 0 4,940,011 Receivables from parent and affiliates 0 5,000 5,000 Total assets $ 4,984,086 $ 253,881 $ 5,237,967 Future policy benefits $ 5,205,434 $ 0 $ 5,205,434 Total liabilities $ 5,205,434 $ 0 $ 5,205,434 (1) Represents valuations reflecting both internally-derived and market inputs, as well as third-party pricing information or quotes. See below for additional information related to internally-developed valuation for significant items in the above table. (2) Represents unadjusted prices from independent pricing services and independent indicative broker quotes where pricing inputs are not readily available. (3) Includes assets classified as fixed maturities available-for-sale. (4) Includes credit-tranched securities collateralized by sub-prime mortgages, auto loans, credit cards, education loans and other asset types. (5) Prior period amounts are presented on a basis consistent with the current period presentation, reflecting the adoption of ASU 2015-07. Quantitative Information Regarding Internally Priced Level 3 Assets and Liabilities – The tables below present quantitative information on significant internally-priced Level 3 assets and liabilities (see narrative below for quantitative information for separate account assets). March 31, 2016 Fair Value Valuation Techniques Unobservable Inputs Minimum Maximum Weighted Average Impact of Increase in Input on Fair Value(1) (in thousands) Assets: Corporate securities(12) $ 43,449 Discounted cash flow Discount rate 5.29 % 20.38 % 9.90 % Decrease Market comparables EBITDA multiples(2) 5.0 X 5.0 X 5.0 X Increase Reinsurance recoverables - Living Benefits $ 6,348,158 Fair values are determined in the same manner as future policy benefits Reinsurance recoverables - No Lapse Guarantee $ 393,579 Discounted cash flow Lapse rate(3) 0 % 12 % Decrease NPR spread(4) 0.44 % 2.07 % Decrease Mortality rate(5) 0 % 20 % Decrease Premium payment(6) 1.00 X 3.75 X Decrease Liabilities: Future policy benefits(7) $ 7,098,647 Discounted cash flow Lapse rate(8) 0 % 14 % Decrease NPR spread(4) 0.44 % 2.07 % Decrease Utilization rate(9) 56 % 96 % Increase Withdrawal rate(10) 74 % 100 % Increase Mortality rate(11) 0 % 14 % Decrease Equity volatility curve 16 % 28 % Increase December 31, 2015 Fair Value Valuation Techniques Unobservable Inputs Minimum Maximum Weighted Average Impact of Increase in Input on Fair Value(1) (in thousands) Assets: Corporate securities(12) $ 40,492 Discounted cash flow Discount rate 5.76 % 17.95 % 8.35 % Decrease Market comparables EBITDA multiples(2) 5.0 X 5.0 X 5.0 X Increase Reinsurance recoverables - Living Benefits $ 4,600,193 Fair values are determined in the same manner as future policy benefits Reinsurance recoverables - No Lapse Guarantee $ 339,818 Discounted cash flow Lapse rate(3) 0 % 12 % Decrease NPR spread(4) 0.06 % 1.76 % Decrease Mortality rate(5) 0 % 20 % Decrease Premium payment(6) 1.00 X 3.75 X Decrease Liabilities: Future policy benefits(7) $ 5,205,434 Discounted cash flow Lapse rate(8) 0 % 14 % Decrease NPR spread(4) 0.06 % 1.76 % Decrease Utilization rate(9) 56 % 96 % Increase Withdrawal rate(10) 74 % 100 % Increase Mortality rate(11) 0 % 14 % Decrease Equity volatility curve 17 % 28 % Increase (1) Conversely, the impact of a decrease in input would have the opposite impact for the fair value as that presented in the table. (2) EBITDA multiples represent multiples of earnings before interest, taxes, depreciation and amortization, and are amounts used when the reporting entity has determined that market participants would use such multiples when pricing the investments. (3) For universal life, lapse rates vary based on funding level and other factors. Rates are set to zero when the no lapse guarantee is fully funded and the cash value is zero. (4) To reflect NPR, the Company incorporates an additional spread over LIBOR into the discount rate used in the valuation of contracts in a liability position and generally not to those in a contra-liability position. The NPR spread reflects the financial strength ratings of the Company and its affiliates, as these are insurance liabilities and senior to debt. The additional spread over LIBOR is determined by utilizing the credit spreads associated with issuing funding agreements, adjusted for any illiquidity risk premium. (5) Universal life mortality rates are adjusted based on underwriting information. A mortality improvement assumption is also incorporated into the projection. (6) For universal life, premium payment assumptions vary by funding level. Some policies are assumed to pay the minimum premium required to maintain the no lapse guarantee. Other policies are assumed to pay a multiple of commissionable target premium levels (shown above and indicated as “X”). Policyholders are assumed to stop premium payments once the no lapse guarantee is fully funded. (7) Future policy benefits primarily represent general account liabilities for the living benefit features of the Company’s variable annuity contracts which are accounted for as embedded derivatives. Since the valuation methodology for these liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (8) Lapse rates are adjusted at the contract level based on the in-the-moneyness of the living benefit and reflect other factors, such as the applicability of any surrender charges. Lapse rates are reduced when contracts are more in-the-money. Lapse rates are also generally assumed to be lower for the period where surrender charges apply. (9) The utilization rate assumption estimates the percentage of contracts that will utilize the benefit during the contract duration, and begin lifetime withdrawals at various time intervals from contract inception. The remaining contractholders are assumed to either begin lifetime withdrawals immediately or never utilize the benefit. Utilization assumptions may vary by product type, tax status and age. The impact of changes in these assumptions is highly dependent on the product type, the age of the contractholder at the time of the sale, and the timing of the first lifetime income withdrawal. Range reflects the utilization rate for the vast majority of business with living benefits. (10) The withdrawal rate assumption estimates the magnitude of annual contractholder withdrawals relative to the maximum allowable amount under the contract. These assumptions may vary based on the product type, contractholder age, tax status and withdrawal timing. The fair value of the liability will generally increase the closer the withdrawal rate is to 100%. (11) Range reflects the mortality rate for the vast majority of business with living benefits, with policyholders ranging from 35 to 90 years old. While the majority of living benefits have a minimum age requirement, certain benefits do not have an age restriction. This results in contractholders for certain benefits with mortality rates approaching 0%. Based on historical experience, the Company applies a set of age and duration specific mortality rate adjustments compared to standard industry tables. A mortality improvement assumption is also incorporated into the overall mortality table. (12) Includes assets classified as fixed maturities available-for-sale and other trading account assets. Interrelationships Between Unobservable Inputs – In addition to the sensitivities of fair value measurements to changes in each unobservable input in isolation, as reflected in the table above, interrelationships between these inputs may also exist, such that a change in one unobservable input may give rise to a change in another, or multiple, inputs. Examples of such interrelationships for significant internally-priced Level 3 assets and liabilities are as follows: Corporate Securities - The rate used to discount future cash flows reflects current risk free rates plus credit and liquidity spread requirements that marke

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	DERIVATIVE INSTRUMENTS Types of Derivative Instruments and Derivative Strategies Interest Rate Contracts Interest rate swaps are used by the Company to reduce risks from changes in interest rates, manage interest rate exposures arising from mismatches between assets and liabilities (including duration mismatches) and to hedge against changes in the value of assets it owns or anticipates acquiring or selling. Swaps may be attributed to specific assets or liabilities or may be used on a portfolio basis. Under interest rate swaps, the Company agrees with counterparties to exchange, at specified intervals, the difference between fixed-rate and floating-rate interest amounts calculated by reference to an agreed upon notional principal amount. Equity Contracts Equity index options are contracts which will settle in cash based on differentials in the underlying indices at the time of exercise and the strike price. The Company uses combinations of purchases and sales of equity index options to hedge the effects of adverse changes in equity indices within a predetermined range. Total return swaps are contracts whereby the Company agrees with counterparties to exchange, at specified intervals, the difference between the return on an asset (or market index) and LIBOR plus an associated funding spread based on a notional amount. The Company generally uses total return swaps to hedge the effect of adverse changes in equity indices. Foreign Exchange Contracts Currency derivatives, including currency swaps and forwards, are used by the Company to reduce risks from changes in currency exchange rates with respect to investments denominated in foreign currencies that the Company either holds or intends to acquire or sell. Under currency forwards, the Company agrees with counterparties to deliver a specified amount of an identified currency at a specified future date. Typically, the price is agreed upon at the time of the contract and payment for such a contract is made at the specified future date. The Company executes forward sales of the hedged currency in exchange for U.S. dollars at a specified exchange rate. The maturities of these forwards correspond with the future periods in which the non-U.S. dollar-denominated earnings are expected to be generated. These earnings hedges do not qualify for hedge accounting. Under currency swaps, the Company agrees with counterparties to exchange, at specified intervals, the difference between one currency and another at an exchange rate and calculated by reference to an agreed principal amount. Generally, the principal amount of each currency is exchanged at the beginning and termination of the currency swap by each party. These transactions are entered into pursuant to master agreements that provide for a single net payment to be made by one counterparty for payments made in the same currency at each due date. Credit Contracts Credit derivatives are used by the Company to enhance the return on the Company’s investment portfolio by creating credit exposure similar to an investment in public fixed maturity cash instruments. With credit derivatives the Company sells credit protection on a single name reference, or certain index reference, and in return receives a quarterly premium. With credit default derivatives, this premium or credit spread generally corresponds to the difference between the yield on the referenced name’s public fixed maturity cash instruments and swap rates, at the time the agreement is executed. If there is an event of default by the referenced name, as defined by the agreement, then the Company is obligated to pay the counterparty the referenced amount of the contract and receive in return the referenced defaulted security or similar security or pay the referenced amount less the auction recovery rate. See credit derivatives section below for discussion of guarantees related to credit derivatives written. In addition to selling credit protection, the Company has purchased credit protection using credit derivatives in order to hedge specific credit exposures in the Company’s investment portfolio. Embedded Derivatives The Company sells variable annuity products, which may include guaranteed benefit features that are accounted for as embedded derivatives. The Company has reinsurance agreements to transfer the risk related to certain of these benefit features to an affiliate, Pruco Re. See Note 1 for the subsequent change effective April 1, 2016. Some of the Company’s universal life products contain a no-lapse guarantee provision that is reinsured with an affiliate, UPARC, which contains an embedded derivative primarily related to the interest rate risk of the reinsurance contract. In addition, the Company has entered into a reinsurance agreement with Union Hamilton Reinsurance, Ltd., an external counterparty, which is also accounted for in the same manner as an embedded derivative. The embedded derivatives related to the living benefit features and the related reinsurance agreements are carried at fair value. These embedded derivatives and reinsurance agreements are marked to market through “Realized investment gains (losses), net” based on the change in value of the underlying contractual guarantees, which are determined using valuation models as described in Note 4 . The table below provides a summary of the gross notional amount and fair value of derivative contracts by the primary underlying, excluding embedded derivatives and associated reinsurance recoverables which are recorded with the associated host. Many derivative instruments contain multiple underlyings. The fair value amounts below represent the gross fair value of derivative contracts prior to taking into account the netting effects of master netting agreements, cash collateral held with the same counterparty, and non-performance risk. March 31, 2016 December 31, 2015 Gross Fair Value Gross Fair Value Primary Underlying Notional Assets Liabilities Notional Assets Liabilities (in thousands) Derivatives Designated as Hedge Accounting Instruments: Currency/Interest Rate Foreign Currency Swaps $ 574,628 $ 40,661 $ (10,626 ) $ 529,128 $ 50,877 $ (1,385 ) Total Qualifying Hedges $ 574,628 $ 40,661 $ (10,626 ) $ 529,128 $ 50,877 $ (1,385 ) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 2,797,400 $ 381,028 $ (6,443 ) $ 3,159,400 $ 203,313 $ (8,605 ) Foreign Currency Foreign Currency Forwards 3,756 0 (46 ) 3,722 39 (15 ) Credit Credit Default Swaps 7,275 115 (262 ) 7,275 268 (222 ) Currency/Interest Rate Foreign Currency Swaps 132,403 16,160 (336 ) 122,425 17,079 (71 ) Equity Total Return Swaps 533,801 25 (20,135 ) 542,294 411 (10,451 ) Equity Options 25,388,907 20,046 (7,187 ) 25,345,369 28,668 (12,100 ) Total Non-Qualifying Hedges $ 28,863,542 $ 417,374 $ (34,409 ) $ 29,180,485 $ 249,778 $ (31,464 ) Total Derivatives (1) $ 29,438,170 $ 458,035 $ (45,035 ) $ 29,709,613 $ 300,655 $ (32,849 ) (1) Excludes embedded derivatives and associated reinsurance recoverables which contain multiple underlyings. The fair value of these embedded derivatives was a net liability of $7,099 million and $5,205 million as of March 31, 2016 and December 31, 2015 , respectively, included in “Future policy benefits.” The fair value of the embedded derivatives related to the reinsurance of certain of these benefits to Pruco Re was an asset of $6,312 million and $4,594 million as of March 31, 2016 and December 31, 2015 , included in “Reinsurance recoverables.” The fair value of the embedded derivative related to the no-lapse guarantee with UPARC was an asset of $394 million and $340 million as of March 31, 2016 and December 31, 2015 , respectively, included in "Reinsurance recoverables." The fair value of the reinsurance related to the living benefits guarantee with Union Hamilton Reinsurance, Ltd., an external counterparty, was an asset of $36 million and $7 million as of March 31, 2016 and December 31, 2015 , respectively, and is included in "Reinsurance recoverables." See Note 7 for additional information on the affiliated reinsurance agreements in "Reinsurance with Affiliates." Offsetting Assets and Liabilities The following table presents recognized derivative instruments (excluding embedded derivatives and associated reinsurance recoverables), and repurchase and reverse repurchase agreements that are offset in the Unaudited Interim Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Unaudited Interim Consolidated Statements of Financial Position. March 31, 2016 Gross Amounts of Recognized Financial Instruments Gross Amounts Offset in the Consolidated Statement of Financial Position Net Amounts Financial Instruments/ Collateral (1) Net Amount (in thousands) Offsetting of Financial Assets: Derivatives (1) $ 458,021 $ (444,724 ) $ 13,297 $ (13,297 ) $ 0 Securities purchased under agreement to resell 263,000 0 263,000 (263,000 ) 0 Total Assets $ 721,021 $ (444,724 ) $ 276,297 $ (276,297 ) $ 0 Offsetting of Financial Liabilities: Derivatives (1) $ 45,035 $ (45,035 ) $ 0 $ 0 $ 0 Securities sold under agreement to repurchase 0 0 0 0 0 Total Liabilities $ 45,035 $ (45,035 ) $ 0 $ 0 $ 0 December 31, 2015 Gross Amounts of Recognized Financial Instruments Gross Amounts Offset in the Consolidated Statement of Financial Position Net Amounts Presented in the Consolidated Statement of Financial Position Financial Net Amount (in thousands) Offsetting of Financial Assets: Derivatives (1) $ 297,371 $ (230,554 ) $ 66,817 $ (15,157 ) $ 51,660 Securities purchased under agreement to resell 156,064 0 156,064 (156,064 ) 0 Total Assets $ 453,435 $ (230,554 ) $ 222,881 $ (171,221 ) $ 51,660 Offsetting of Financial Liabilities: Derivatives (1) $ 32,849 $ (32,849 ) $ 0 $ 0 $ 0 Securities sold under agreement to repurchase 0 0 0 0 0 Total Liabilities $ 32,849 $ (32,849 ) $ 0 $ 0 $ 0 (1) Amounts exclude the excess of collateral received/pledged from/to the counterparty. For information regarding the rights of offset associated with the derivative assets and liabilities in the table above see “Credit Risk” below and Note 7. For securities purchased under agreements to resell and securities sold under agreements to repurchase, the Company monitors the value of the securities and maintains collateral, as appropriate, to protect against credit exposure. Where the Company has entered into repurchase and resale agreements with the same counterparty, in the event of default, the Company would generally be permitted to exercise rights of offset. For additional information on the Company’s accounting policy for securities repurchase and resale agreements, see Note 2 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 . Cash Flow Hedges The primary derivative instruments used by the Company in its cash flow hedge accounting relationships are currency swaps. These instruments are only designated for hedge accounting in instances where the appropriate criteria are met. The Company does not use futures, options, credit, equity or embedded derivatives in any of its cash flow hedge accounting relationships. The following tables provide the financial statement classification and impact of derivatives used in qualifying and non-qualifying hedge relationships, excluding the offset of the hedged item in an effective hedge relationship. Three Months Ended March 31, 2016 Realized Investment Gains/(Losses) Net Investment Income Other Income AOCI (1) (in thousands) Derivatives Designated as Hedge Accounting Instruments: Cash flow hedges Currency/Interest Rate $ 0 $ 1,405 $ (1,899 ) $ (17,099 ) Total cash flow hedges 0 1,405 (1,899 ) (17,099 ) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 189,927 0 0 0 Currency (126 ) 0 0 0 Currency/Interest Rate (1,095 ) 0 (10 ) 0 Credit (241 ) 0 0 0 Equity (3,314 ) 0 0 0 Embedded Derivatives (115,504 ) 0 0 0 Total non-qualifying hedges 69,647 0 (10 ) 0 Total $ 69,647 $ 1,405 $ (1,909 ) $ (17,099 ) Three Months Ended March 31, 2015 Realized Investment Gains/(Losses) Net Investment Income Other Income AOCI (1) (in thousands) Derivatives Designated as Hedge Accounting Instruments: Cash flow hedges Currency/Interest Rate $ 0 $ 537 $ 1,264 $ 24,696 Total cash flow hedges 0 537 1,264 24,696 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 115,132 0 0 0 Currency 136 0 0 0 Currency/Interest Rate 8,265 0 135 0 Credit (75 ) 0 0 0 Equity (15,324 ) 0 0 0 Embedded Derivatives (51,414 ) 0 0 0 Total non-qualifying hedges 56,720 0 135 0 Total $ 56,720 $ 537 $ 1,399 $ 24,696 (1) Amounts deferred in AOCI. For the three months ended March 31, 2016 and 2015 , the ineffective portion of derivatives accounted for using hedge accounting was not material to the Company’s results of operations. Also, there were no material amounts reclassified into earnings relating to instances in which the Company discontinued cash flow hedge accounting because the forecasted transaction did not occur by the anticipated date or within the additional time period permitted by the authoritative guidance for the accounting for derivatives and hedging. Presented below is a roll forward of current period cash flow hedges in “Accumulated other comprehensive income (loss)” before taxes: (in thousands) Balance, December 31, 2015 $ 48,271 Net deferred gains (losses) on cash flow hedges from January 1 to March 31, 2016 (17,926 ) Amounts reclassified into current period earnings 827 Balance, March 31, 2016 $ 31,172 Using March 31, 2016 values, it is estimated that a pre-tax gain of $3 million will be reclassified from AOCI to earnings during the subsequent twelve months ending March 31, 2017 , offset by amounts pertaining to the hedged items. As of March 31, 2016 , the Company did not have any qualifying cash flow hedges of forecasted transactions other than those related to the variability of the payment or receipt of interest or foreign currency amounts on existing financial instruments. The maximum length of time for which these variable cash flows are hedged is 19 years . Income amounts deferred in AOCI as a result of cash flow hedges are included in “Net unrealized investment gains (losses)” within OCI in the Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss). Credit Derivatives The Company has no exposure from credit derivatives where it has written credit protection as of March 31, 2016 and December 31, 2015 . The Company has purchased credit protection using credit derivatives in order to hedge specific credit exposures in the Company’s investment portfolio. As of both March 31, 2016 and December 31, 2015 , the Company had $7 million of outstanding notional amounts, reported at fair value as a liability of less than $1 million as of March 31, 2016 and an asset of less than $1 million as of December 31, 2015 , respectively. Credit Risk The Company is exposed to credit-related losses in the event of non-performance by our counterparty to financial derivative transactions. The Company has credit risk exposure to an affiliate, Prudential Global Funding, LLC (“PGF”), related to its OTC derivative transactions. PGF manages credit risk with external counterparties by entering into derivative transactions with highly rated major international financial institutions and other creditworthy counterparties, and by obtaining collateral, such as cash and securities, when appropriate. Additionally, limits are set on single party credit exposures which are subject to periodic management review. Under fair value measurements, the Company incorporates the market’s perception of its own and the counterparty’s non-performance risk in determining the fair value of the portion of its OTC derivative assets and liabilities that are uncollateralized. Credit spreads are applied to the derivative fair values on a net basis by counterparty. To reflect the Company’s own credit spread, a proxy based on relevant debt spreads is applied to OTC derivative net liability positions. Similarly, the Company’s counterparty’s credit spread is applied to OTC derivative net asset positions.

Commitments, Contingent Liabili

Commitments, Contingent Liabilities And Litigation And Regulatory Matters	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingent Liabilities And Litigation And Regulatory Matters	COMMITMENTS, CONTINGENT LIABILITIES AND LITIGATION AND REGULATORY MATTERS Commitments The Company has made commitments to fund commercial loans. As of March 31, 2016 and December 31, 2015 , the outstanding balance on this commitment was $128 million and $62 million , respectively. The Company also made commitments to purchase or fund investments, mostly private fixed maturities. As of March 31, 2016 and December 31, 2015 , $95 million and $52 million , respectively, of this commitment were outstanding. Contingent Liabilities On an ongoing basis, the Company’s internal supervisory and control functions review the quality of sales, marketing and other customer interface procedures and practices and may recommend modifications or enhancements. From time to time, this review process results in the discovery of product administration, servicing or other errors, including errors relating to the timing or amount of payments or contract values due to customers. In certain cases, if appropriate, the Company may offer customers remediation and may incur charges, including the costs of such remediation, administrative costs and regulatory fines. The Company is subject to the laws and regulations of states and other jurisdictions concerning the identification, reporting and escheatment of unclaimed or abandoned funds, and is subject to audit and examination for compliance with these requirements. For additional discussion of these matters, see “Litigation and Regulatory Matters” below. It is possible that the results of operations or the cash flows of the Company in a particular quarterly or annual period could be materially affected as a result of payments in connection with the matters discussed above or other matters depending, in part, upon the results of operations or cash flows for such period. Management believes, however, that ultimate payments in connection with these matters, after consideration of applicable reserves and rights to indemnification, should not have a material adverse effect on the Company’s financial position. Litigation and Regulatory Matters The Company is subject to legal and regulatory actions in the ordinary course of its business. Pending legal and regulatory actions include proceedings specific to the Company and proceedings generally applicable to business practices in the industry in which it operates. The Company is subject to class action lawsuits and other litigation involving a variety of issues and allegations involving sales practices, claims payments and procedures, premium charges, policy servicing and breach of fiduciary duty to customers. The Company is also subject to litigation arising out of its general business activities, such as its investments, contracts, leases and labor and employment relationships, including claims of discrimination and harassment, and could be exposed to claims or litigation concerning certain business or process patents. In addition, the Company, along with other participants in the businesses in which it engages, may be subject from time to time to investigations, examinations and inquiries, in some cases industry-wide, concerning issues or matters upon which such regulators have determined to focus. In some of the Company’s pending legal and regulatory actions, parties are seeking large and/or indeterminate amounts, including punitive or exemplary damages. The outcome of litigation or a regulatory matter, and the amount or range of potential loss at any particular time, is often inherently uncertain. The Company establishes accruals for litigation and regulatory matters when it is probable that a loss has been incurred and the amount of that loss can be reasonably estimated. For litigation and regulatory matters where a loss may be reasonably possible, but not probable, or is probable but not reasonably estimable, no accrual is established, but the matter, if material, is disclosed. The Company estimates that as of March 31, 2016 , the aggregate range of reasonably possible losses in excess of accruals established for those litigation and regulatory matters for which such an estimate currently can be made is less than $7.5 million . This estimate is not an indication of expected loss, if any, or the Company's maximum possible loss exposure on such matters. The Company reviews relevant information with respect to its litigation and regulatory matters on a quarterly and annual basis and updates its accruals, disclosures and estimates of reasonably possible loss based on such reviews. For a discussion of the Company's litigations and regulatory matters, see Note 11 to the Company’s Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 . Summary The Company’s litigation and regulatory matters are subject to many uncertainties, and given their complexity and scope, their outcome cannot be predicted. It is possible that the Company’s results of operations or cash flows in a particular quarterly or annual period could be materially affected by an ultimate unfavorable resolution of pending litigation and regulatory matters depending, in part, upon the results of operations or cash flows for such period. In light of the unpredictability of the Company’s litigation and regulatory matters, it is also possible that in certain cases an ultimate unfavorable resolution of one or more pending litigation or regulatory matters could have a material adverse effect on the Company’s financial position. Management believes, however, that, based on information currently known to it, the ultimate outcome of all pending litigation and regulatory matters, after consideration of applicable reserves and rights to indemnification, is not likely to have a material adverse effect on the Company’s financial position.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS The Company has extensive transactions and relationships with Prudential Insurance and other affiliates. Although we seek to ensure that these transactions and relationships are fair and reasonable, it is possible that the terms of these transactions are not the same as those that would result from transactions among unrelated parties. Expense Charges and Allocations Many of the Company’s expenses are allocations or charges from Prudential Insurance or other affiliates. These expenses can be grouped into general and administrative expenses and agency distribution expenses. The Company’s general and administrative expenses are charged to the Company using allocation methodologies based on business production processes. Management believes that the methodology is reasonable and reflects costs incurred by Prudential Insurance to process transactions on behalf of the Company. The Company operates under service and lease agreements whereby services of officers and employees, supplies, use of equipment and office space are provided by Prudential Insurance. The Company reviews its allocation methodology periodically which it may adjust accordingly. General and administrative expenses include allocations of stock compensation expenses related to a stock option program and a deferred compensation program issued by Prudential Financial. The expense charged to the Company for the stock option program was less than $ 1 million for both the three months ended March 31, 2016 and 2015 . The expense charged to the Company for the deferred compensation program was $1 million and $2 million for the three months ended March 31, 2016 and 2015 , respectively. The Company is charged for its share of employee benefits expenses. These expenses include costs for funded and non-funded contributory and non-contributory defined benefit pension plans. Some of these benefits are based on final group earnings and length of service while others are based on an account balance, which takes into consideration age, service and earnings during career. The Company’s share of net expense for the pension plans was $5 million for both the three months ended March 31, 2016 and 2015 . Prudential Insurance sponsors voluntary savings plans for its employee’s 401(k) plans. The plans provide for salary reduction contributions by employees and matching contributions by the Company of up to 4% of annual salary. The Company’s expense for its share of the voluntary savings plan was $2 million for both the three months ended March 31, 2016 and 2015 . The Company is charged distribution expenses from Prudential Insurance’s agency network for both its domestic life and annuity products through a transfer pricing agreement, which is intended to reflect a market based pricing arrangement. The Company pays commissions and certain other fees to Prudential Annuities Distributors, Inc. (“PAD”) in consideration for PAD’s marketing and underwriting of the Company’s products. Commissions and fees are paid by PAD to broker-dealers who sell the Company’s products. Commissions and fees paid by the Company to PAD were $174 million and $204 million for the three months ended March 31, 2016 and 2015 , respectively. Corporate Owned Life Insurance The Company has sold five Corporate Owned Life Insurance (“COLI”) policies to Prudential Insurance, and one to Prudential Financial. The cash surrender value included in separate accounts for these COLI policies was $3,044 million at March 31, 2016 and $2,873 million at December 31, 2015 . Fees related to these COLI policies were $11 million for both the three months ended March 31, 2016 and 2015 . The Company retains the majority of the mortality risk associated with these COLI policies. In October 2013, the Company increased the maximum amount of mortality risk on any life to $3.5 million for certain COLI policies. Derivative Trades In its ordinary course of business, the Company enters into OTC derivative contracts with an affiliate, PGF. For these OTC derivative contracts, PGF has a substantially equal and offsetting position with an external counterparty. Reinsurance with Affiliates The Company participates in reinsurance with its affiliates Prudential Life Insurance Company of Taiwan Inc. (“Prudential of Taiwan”), Prudential Arizona Reinsurance Captive Company (“PARCC”), UPARC, Pruco Re, Prudential Arizona Reinsurance Term Company (“PAR Term”), Prudential Arizona Reinsurance Universal Company (“PAR U”), Prudential Universal Reinsurance Company ("PURC"), and Prudential Term Reinsurance Company (“Term Re”), and its parent company, Prudential Insurance, in order to provide risk diversification and additional capacity for future growth, limit the maximum net loss potential, manage the statutory capital for its individual life business, facilitate its capital market hedging program and align accounting methodology for the assets and liabilities of living benefit riders contained in annuities contracts. Life reinsurance is accomplished through various plans of reinsurance, primarily yearly renewable term and coinsurance. Reinsurance ceded arrangements do not discharge the Company as the primary insurer. Ceded balances would represent a liability of the Company in the event the reinsurers were unable to meet their obligations to the Company under the terms of the reinsurance agreements. The Company believes a material reinsurance liability resulting from such inability of reinsurers to meet their obligations is unlikely. On January 2, 2013, the Company began to assume Guaranteed Universal Life ("GUL") business from Prudential Insurance in connection with the acquisition of the Hartford Life Business. The GUL business assumed from Prudential Insurance was subsequently retroceded to PAR U. Collectively, reinsurance of this GUL business does not have a material impact on the equity of the Company. Reserves related to reinsured long duration contracts are accounted for using assumptions consistent with those used to account for the underlying contracts. Amounts recoverable from reinsurers, for long duration reinsurance arrangements, are estimated in a manner consistent with the claim liabilities and policy benefits associated with the reinsured policies. Reinsurance premiums ceded for universal life products are accounted for as a reduction of policy charges and fee income. Reinsurance premiums ceded for term insurance products are accounted for as a reduction of premiums. Realized investment gains and losses include the impact of reinsurance agreements that are accounted for as embedded derivatives. Changes in the fair value of the embedded derivatives are recognized through “Realized investment gains (losses), net”. The Company has entered into reinsurance agreements to transfer the risk related to certain living benefit options on variable annuities to Pruco Re. The Company has also entered into an agreement with UPARC to reinsure a portion of the no-lapse guarantee provision on certain universal life products. These reinsurance agreements are derivatives and have been accounted for in the same manner as an embedded derivative. See Note 5 for additional information related to the accounting for embedded derivatives. Reinsurance amounts included in the Company’s Unaudited Interim Consolidated Statements of Financial Position as of March 31, 2016 and December 31, 2015 were as follows: March 31, 2016 December 31, 2015 (in thousands) Reinsurance recoverable $ 24,780,544 $ 22,546,361 Policy loans (77,784 ) (75,697 ) Deferred policy acquisition costs (2,098,908 ) (2,122,349 ) Other assets 35,117 35,616 Policyholders’ account balances 4,905,603 5,020,230 Future policy benefits and other policyholder liabilities 2,715,376 2,380,215 Other liabilities (reinsurance payables) 446,846 494,660 The reinsurance recoverables by counterparty is broken out below. March 31, 2016 December 31, 2015 (in thousands) UPARC $ 427,999 $ 376,660 PAR U 10,002,215 9,797,733 PURC 2,351,566 2,251,692 PARCC 2,568,479 2,560,798 PAR Term 1,261,597 1,226,761 Term Re 376,564 298,002 Prudential Insurance 200,442 226,926 Pruco Re 6,312,862 4,594,412 Prudential of Taiwan 1,206,591 1,169,664 Unaffiliated 72,229 43,713 Total reinsurance recoverables $ 24,780,544 $ 22,546,361 Reinsurance amounts, excluding investment gains (losses) on affiliated asset transfers, included in the Company’s Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss) for the three months ended March 31, 2016 and 2015 were as follows: Three Months Ended March 31, 2016 2015 (in thousands) Premiums: Direct $ 391,180 $ 366,243 Assumed 148 0 Ceded (373,413 ) (350,606 ) Net premiums 17,915 15,637 Policy charges and fee income: Direct 734,977 732,565 Assumed 194,313 168,786 Ceded (401,883 ) (360,586 ) Net policy charges and fee income 527,407 540,765 Net investment income: Direct 106,137 104,049 Assumed 345 329 Ceded (1,030 ) (958 ) Net investment income 105,452 103,420 Other income: Direct 11,695 12,527 Assumed & Ceded 1,827 4,690 Net other income 13,522 17,217 Interest credited to policyholders’ account balances: Direct 213,482 142,405 Assumed 33,835 32,714 Ceded (60,886 ) (57,642 ) Net interest credited to policyholders’ account balances 186,431 117,477 Policyholders’ benefits (including change in reserves): Direct 609,636 480,655 Assumed 260,876 235,461 Ceded (771,984 ) (657,715 ) Net policyholders’ benefits (including change in reserves) 98,528 58,401 Realized investment gains (losses), net: Direct (1,534,352 ) (666,435 ) Assumed (39 ) 0 Ceded 1,589,542 725,460 Realized investment gains (losses), net 55,151 59,025 Net reinsurance expense allowances, net of capitalization and amortization $ (93,929 ) $ (69,712 ) The gross and net amounts of life insurance face amount in force as of March 31, 2016 and 2015 were as follows: March 31, 2016 March 31, 2015 (in thousands) Direct gross life insurance face amount in force $ 783,961,855 $ 724,268,816 Assumed gross life insurance face amount in force 43,367,167 44,296,568 Reinsurance ceded (765,067,750 ) (708,312,995 ) Net life insurance face amount in force $ 62,261,272 $ 60,252,389 UPARC Through June 30, 2011 , the Company, excluding its subsidiaries, reinsured Universal Protector policies having no-lapse guarantees with UPARC, an affiliated company. UPARC reinsured an amount equal to 90% of the net amount at risk related to the first $1 million in face amount plus 100% of the net amount at risk related to the face amount in excess of $1 million as well as 100% of the risk of uncollectible policy charges and fees associated with the no-lapse guarantee provision of these policies. Effective July 1, 2011 , the agreement between the Company and UPARC to reinsure Universal Protector policies having no-lapse guarantees was amended for policies with effective dates prior to January 1, 2011 . Under the amended agreement, UPARC reinsures an amount equal to 27% of the net amount at risk related to the first $1 million in face amount plus 30% of the net amount at risk related to the face amount in excess of $1 million as well as 30% of the risk of uncollectible policy charges and fees associated with the no-lapse guarantee provision of these policies. During the first quarter of 2013 , the agreement between the Company and UPARC was further amended to revise language relating to the consideration due to the Company. Effective July 1, 2013 the agreement between the Company and UPARC to reinsure Universal Protector policies having no-lapse guarantees was amended for policies with effective dates January 1, 2011 through December 31, 2012 . Under the amended agreement, UPARC reinsures an amount equal to 27% of the net amount at risk related to the first $1 million in face amount plus 30% of the net amount at risk related to the face amount in excess of $1 million as well as 30% of the risk of uncollectible policy charges and fees associated with the no-lapse guarantee provision of these policies. Effective January 1, 2014 , the agreement between the Company and UPARC to reinsure Universal Protector policies having no-lapse guarantees was amended for policies with effective dates on or after January 1, 2014 . Under the amended agreement, UPARC will no longer reinsure Universal Protector policies having no-lapse guarantees. Effective July 1, 2014 , the agreement between the Company and UPARC to reinsure Universal Protector policies having no-lapse guarantees was further amended for policies with effective dates January 1, 2013 through December 31, 2013 . Under the amended agreement, UPARC reinsures an amount equal to 27% of the net amount at risk related to the first $1 million in face amount plus 30% of the net amount at risk related to the face amount in excess of $1 million as well as 30% of the risk of uncollectible policy charges and fees associated with the no-lapse guarantee provision of these policies. PAR U Effective July 1, 2011 , the Company, excluding its subsidiaries, entered into an automatic coinsurance agreement with PAR U, an affiliated company, to reinsure an amount equal to 70% of all the risks associated with Universal Protector policies having no- lapse guarantees as well as Universal Plus policies, with effective dates prior to January 1, 2011 . During the first quarter of 2013 , the agreement between the Company, excluding its subsidiaries, and PAR U was amended to revise language relating to the consideration due to PAR U. Effective July 1, 2012, the Company’s wholly-owned subsidiary, PLNJ, entered into an automatic coinsurance agreement with PAR U, to reinsure an amount equal to 95% of all the risks associated with universal life policies. During the fourth quarter of 2012 , the agreement between PLNJ and PAR U was amended to revise language relating to the consideration due to PAR U. On January 2, 2013, the Company began to assume GUL business from Prudential Insurance in connection with the acquisition of the Hartford Life Business. The GUL business assumed from Prudential Insurance was subsequently retroceded to PAR U. Collectively, reinsurance of the GUL business does not have a material impact on the equity of the Company. Effective July 1, 2013, the agreement between the Company, excluding its subsidiaries, and PAR U was amended for policies with effective dates from January 1, 2011 through December 31, 2012 . Under the amended agreement, PAR U reinsures an amount equal to 70% of all the risks associated with Universal Protector policies having no lapse guarantees as well as Universal Plus policies, with effective dates from January 1, 2011 through December 31, 2012 in addition to policies covered by the initial reinsurance agreement discussed above. Effective October 1, 2013, the Company entered into an Assumption and Novation Agreement with PAR U and PURC, an affiliated company. Under this agreement, PAR U novates, assigns, and transfers to PURC all of its rights, title, interests, duties, obligations, and liabilities under the aforementioned amendment entered into on July 1, 2013. PURC will succeed PAR U and become the counterparty to the Company with respect to the novated business pursuant to the Novated Coinsurance Agreement (the “PURC Novated Coinsurance Agreement”). There is no financial impact to the Company as a result of this transaction. PURC The Company, excluding its subsidiaries, reinsures an amount equal to 70% of all the risks associated with Universal Protector policies having no lapse guarantees as well as Universal Plus policies, with effective dates from January 1, 2011 through December 31, 2012 with PURC pursuant to the PURC Novated Coinsurance Agreement (as defined in “PAR U” above). Effective January 1, 2014 , the Company, excluding its subsidiaries, entered into an automatic coinsurance agreement with PURC to reinsure an amount equal to 95% of all the risks associated with Universal Protector policies having no-lapse guarantees, as well as Universal Plus policies, with effective dates on or after January 1, 2014 . Effective July 1, 2014 , the agreement between the Company, excluding its subsidiaries, and PURC was amended to reinsure policies with effective dates from January 1, 2013 through December 31, 2013 . Under the amended agreement, PURC reinsures an amount equal to 70% of all the risks associated with Universal Protector policies having no lapse guarantees as well as Universal Plus policies in addition to policies initially covered by the PURC Novated Coinsurance Agreement. PARCC The Company reinsures 90% of the risks under its term life insurance policies, with effective dates prior to January 1, 2010 , through an automatic coinsurance agreement with PARCC. PAR Term The Company reinsures 95% of the risks under its term life insurance policies with effective dates January 1, 2010 through December 31, 2013 , through an automatic coinsurance agreement with PAR Term. Term Re The Company reinsures 95% of the risks under its term life insurance policies with effective dates on or after January 1, 2014 through an automatic coinsurance agreement with Term Re. Prudential Insurance The Company has a yearly renewable term reinsurance agreement with Prudential Insurance and reinsures the majority of all mortality risks not otherwise reinsured. On January 2, 2013, the Company began to assume GUL business from Prudential Insurance in connection with the acquisition of the Hartford Life Business. The GUL business assumed from Prudential Insurance was subsequently retroceded to PAR U. Collectively, reinsurance of this GUL business does not have a material impact on the equity of the Company. The Company has reinsured a group annuity contract with Prudential Insurance, in consideration for a single premium payment by the Company, providing reinsurance equal to 100% of all payments due under the contract. Pruco Re The Company uses reinsurance as part of its risk management and capital management strategies for certain of its optional living benefit features available under certain of its annuity products. Starting from 2005 , the Company has entered into various automatic coinsurance agreements with Pruco Re, an affiliated company, to reinsure its living benefit features sold on certain of its annuities. See Note 1 for the subsequent change effective April 1, 2016. Taiwan Branch Reinsurance Agreement On January 31, 2001 , the Company transferred all of its assets and liabilities associated with its Taiwan branch, including its Taiwan insurance book of business, to Prudential of Taiwan, an affiliated company. The mechanism used to transfer this block of business in Taiwan is referred to as a “full acquisition and assumption” transaction. Under this mechanism, the Company is jointly liable with Prudential of Taiwan for two years from the giving of notice to all obligees for all matured obligations and for two years after the maturity date of not-yet-matured obligations. Prudential of Taiwan is also contractually liable, under indemnification provisions of the transaction, for any liabilities that may be asserted against the Company. The transfer of the insurance related assets and liabilities was accounted for as a long-duration coinsurance transaction under U.S. GAAP. Under this accounting treatment, the insurance related liabilities remain on the books of the Company and an offsetting reinsurance recoverable is established. These assets and liabilities are denominated in U.S. dollars. Affiliated Asset Administration Fee Income The Company has a revenue sharing agreement with AST Investment Services, Inc. ("ASTISI") and Prudential Investments LLC ("Prudential Investments") whereby the Company receives fee income calculated on contractholder separate account balances invested in the Advanced Series Trust. Income received from ASTISI and Prudential Investments related to this agreement was $69 million and $95 million for the three months ended March 31, 2016 and 2015 , respectively. These revenues are recorded as “Asset administration fees” in the Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss). The Company has a revenue sharing agreement with Prudential Investments, whereby the Company receives fee income based on contractholders’ separate account balances invested in The Prudential Series Fund. Income received from Prudential Investments related to this agreement was $3 million for both the three months ended March 31, 2016 and 2015 . These revenues are recorded as “Asset administration fees” in the Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss). Affiliated Investment Management Expenses In accordance with an agreement with PGIM, Inc. ("PGIM"), the Company pays investment management expenses to PGIM who acts as investment manager to certain Company general account and separate account assets. Investment management expenses paid to PGIM related to this agreement were $5 million and $4 million for the three months ended March 31, 2016 and 2015 , respectively. These expenses are recorded as “Net investment income” in the Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss). Affiliated Asset Transfers From time to time, the Company participates in affiliated asset trades with parent and sister companies. Book and market value differences for trades with a parent and sister are recognized within "Additional paid-in capital" (“APIC”) and "Realized investment gains (losses), net", respectively. The table below shows affiliated asset trades as of March 31, 2016 and December 31, 2015 . Affiliate Date Transaction Security Type Fair Value Book Value APIC, Net of Tax Increase/(Decrease) Realized Investment Gain/(Loss), Net Derivative Gain/(Loss) (in millions) Prudential Insurance March-15 Purchase Fixed Maturities & Trading Account Assets $ 92 $ 74 $ (12 ) $ 0 $ 0 Prudential Insurance June-15 Purchase Fixed Maturities $ 11 $ 10 $ (1 ) $ 0 $ 0 Prudential Insurance March-16 Sale Fixed Maturities & Short-Term Investments $ 89 $ 89 $ (1 ) $ 0 $ 0 Debt Agreements The Company is authorized to borrow funds up to $2.2 billion from affiliates to meet its capital and other funding needs. The following table provides the breakout of the Company’s short-term and long-term debt with affiliates: Affiliate Date Issued Amount of Notes - March 31, 2016 Amount of Notes - December 31, 2015 Interest Rate Date of Maturity (in thousands) Prudential Financial 12/15/2011 $ 11,000 $ 11,000 3.61 % 12/15/2016 Prudential Financial 12/16/2011 11,000 11,000 3.61 % 12/16/2016 Prudential Financial 11/15/2013 9,000 9,000 2.24 % 12/15/2018 Prudential Financial 11/15/2013 23,000 23,000 3.19 % 12/15/2020 Prudential Insurance 12/6/2013 120,000 120,000 2.60 % 12/15/2018 Prudential Insurance 12/6/2013 130,000 130,000 4.39 % 12/15/2023 Prudential Insurance 12/6/2013 250,000 250,000 3.64 % 12/15/2020 Prudential Insurance 9/25/2014 30,000 30,000 1.89 % 6/20/2017 Prudential Insurance 9/25/2014 40,000 40,000 3.95 % 6/20/2024 Prudential Insurance 9/25/2014 20,000 20,000 2.80 % 6/20/2019 Prudential Insurance 9/25/2014 50,000 50,000 3.95 % 6/20/2024 Prudential Insurance 9/25/2014 50,000 50,000 2.80 % 6/20/2019 Prudential Insurance 9/25/2014 100,000 100,000 3.47 % 6/20/2021 Prudential Insurance 9/25/2014 100,000 100,000 3.95 % 6/20/2024 Prudential Financial 12/15/2014 5,000 5,000 2.57 % 12/15/2019 Prudential Financial 12/15/2014 23,000 23,000 3.14 % 12/15/2021 Prudential Financial 6/15/2015 66,000 66,000 3.52 % 6/15/2022 Prudential Financial 6/15/2015 6,000 6,000 2.86 % 6/15/2020 Prudential Financial 9/21/2015 158,000 158,000 1.09 % - 1.63 % 6/15/2016 - 6/15/2017 Prudential Financial 9/21/2015 132,000 132,000 1.40 % - 1.93 % 12/17/2016 - 12/17/2017 Prudential Financial 9/21/2015 26,000 26,000 1.40 % - 1.93 % 12/17/2016 - 12/17/2017 Prudential Financial 12/16/2015 5,000 5,000 2.85 % 12/16/2020 Prudential Financial 12/16/2015 1,000 1,000 2.85 % 12/16/2020 Prudential Financial 12/16/2015 18,000 18,000 3.37 % 12/16/2022 Prudential Funding 3/31/2016 500 0 0.48 % 4/1/2016 Total Loans Payable to Affiliates $ 1,384,500 $ 1,384,000 The total interest expense to the Company related to loans payable to affiliates was $10.5 million and $13.2 million for the three months ended March 31, 2016 , and 2015 , respectively. Contributed Capital and Dividends In March 2016, the Company received a capital contribution in the amount of $5 million from Prudential Insurance. For the year ended December 31, 2015 , the Company did not receive any capital contributions. For the three months ended March 31, 2016 , the Company did not pay any dividends. In June and December of 2015, the Company paid dividends in the amounts of $230 million and $200 million , respectively, to Prudential Insurance.

Significant Accounting Polici14

Significant Accounting Policies and Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The Unaudited Interim Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) on a basis consistent with reporting interim financial information in accordance with instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission (“SEC”). Intercompany balances and transactions have been eliminated. In the opinion of management, all adjustments necessary for a fair statement of the financial position and results of operations have been made. All such adjustments are of a normal, recurring nature. Interim results are not necessarily indicative of the results that may be expected for the full year. These financial statements should be read in conjunction with the Company’s Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 .
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 as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The most significant estimates include those used in determining deferred policy acquisition costs and related amortization; amortization of deferred sales inducements ("DSI"); valuation of investments including derivatives and the recognition of other-than-temporary impairments (“OTTI”); future policy benefits including guarantees; reinsurance recoverables; provision for income taxes and valuation of deferred tax assets; and accruals for contingent liabilities, including estimates for losses in connection with unresolved legal matters.
Reclassifications	Reclassifications Certain amounts in prior periods have been reclassified to conform to the current period presentation.
New Accounting Pronouncements	Adoption of New Accounting Pronouncements In May 2015, the Financial Accounting Standards Board (“FASB”) issued guidance (Accounting Standards Update (“ASU” ) 2015-07 , Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) ) to remove the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient. The new guidance became effective for annual periods and interim periods within those annual periods that began after December 15, 2015, and was applied retrospectively. Adoption of the guidance did not have a significant effect on the Company’s financial statement disclosures. See Note 4 . In February 2015, the FASB issued updated guidance (ASU 2015-02, Consolidation (Topic 810): Amendments to Consolidation Analysis ) that modifies the rules regarding consolidation. The pronouncement eliminates specialized guidance for limited partnerships and similar legal entities, and removes the indefinite deferral for certain investment funds. The new guidance is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015, with early adoption permitted. The Company adopted the updated guidance effective January 1, 2016 and applied the modified retrospective method of adoption. This guidance did not have a significant impact on the Company’s consolidated financial position, results of operations, or financial statement disclosures. In August 2014, the FASB issued updated guidance (ASU 2014-14, Receivables-Troubled Debt Restructurings by Creditors (Subtopic 310-40): Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure ) requiring that mortgage loans be derecognized and that a separate other receivable be recognized upon foreclosure if certain conditions are met. Upon foreclosure, the separate other receivable should be measured based on the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. The new guidance became effective for annual periods and interim periods within those annual periods that began after December 15, 2014, and was applied prospectively. Adoption of the guidance did not have a significant effect on the Company’s consolidated financial position, results of operations or financial statement disclosures. In August 2014, the FASB issued updated guidance (ASU 2014-13, Consolidation (Topic 810): Measuring the Financial Assets and the Financial Liabilities of a Consolidated Collateralized Financing Entity ) for measuring the financial assets and the financial liabilities of a consolidated collateralized financing entity. Under the guidance, an entity within scope is permitted to measure both the financial assets and financial liabilities of a consolidated collateralized financing entity based on either the fair value of the financial assets or the financial liabilities, whichever is more observable. If adopted, the guidance eliminates the measurement difference that exists when both are measured at fair value. The Company adopted the updated guidance effective January 1, 2016, and applied the modified retrospective method of adoption. This guidance did not have a significant impact on the Company’s consolidated financial position, results of operations, or financial statement disclosures. In June 2014, the FASB issued updated guidance (ASU 2014-11, Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures ) that requires repurchase-to-maturity transactions to be accounted for as secured borrowings and eliminates existing guidance for repurchase financings. The guidance also requires new disclosures for certain transactions accounted for as secured borrowings and for transfers accounted for as sales when the transferor also retains substantially all of the exposure to the economic return on the transferred financial assets. Accounting changes and new disclosures for transfers accounted for as sales under the new guidance were effective for the first interim or annual period beginning after December 15, 2014 and did not have a significant effect on the Company's consolidated financial position, results of operations or financial statement disclosures. Disclosures for certain transactions accounted for as secured borrowings were effective for interim periods beginning after March 15, 2015 and are included in Note 3 . In January 2014, the FASB issued updated guidance (ASU 2014-04, Receivables-Troubled Debt Restructuring by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure ) for troubled debt restructurings clarifying when an in-substance repossession or foreclosure occurs, and when a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan. The new guidance became effective for annual periods and interim periods within those annual periods that began after December 15, 2014 and was applied prospectively. Adoption of the guidance did not have a significant effect on the Company’s consolidated financial position, results of operations or financial statement disclosures. In January 2014, the FASB issued updated guidance (ASU 2014-01, Investments-Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects ) regarding investments in flow-through limited liability entities that manage or invest in affordable housing projects that qualify for the low-income housing tax credit. Under the guidance, an entity is permitted to make an accounting policy election to amortize the initial cost of its investment in proportion to the tax credits and other tax benefits received and recognize the net investment performance in the statement of operations as a component of income tax expense (benefit) if certain conditions are met. The new guidance became effective for annual periods and interim reporting periods within those annual periods that began after December 15, 2014. The Company did not elect the proportional amortization method under this guidance. Future Adoption of New Accounting Pronouncements In May 2014 , the FASB issued updated guidance (ASU 2014-09, Revenue from Contracts with Customers (Topic 606) ) on accounting for revenue recognition. The guidance is based on the core principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. The guidance also requires additional disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from cost incurred to obtain or fulfill a contract. Revenue recognition for insurance contracts is explicitly scoped out of the guidance. In August 2015 , the FASB issued an update to defer the original effective date of this guidance. As a result of the deferral, the new guidance is effective for annual periods and interim periods within those annual periods, beginning after December 15, 2017 and must be applied using one of two retrospective application methods. Early adoption is permitted for only annual reporting periods beginning after December 15, 2016 , including interim reporting periods within that reporting period. The Company is currently assessing the impact of the guidance on the Company’s consolidated financial position, results of operations and financial statement disclosures. In January 2016, the FASB issued updated guidance (ASU 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities) on the recognition and measurement of financial assets and financial liabilities. The guidance revises an entity’s accounting related to the classification and measurement of certain equity investments and the presentation of certain fair value changes for financial liabilities measured at fair value. The guidance also amends certain disclosure requirements associated with the fair value of financial instruments. The new guidance is effective for annual periods and interim reporting periods within those annual periods beginning after December 15, 2017. Early adoption is not permitted except for the provisions related to the presentation of certain fair value changes for financial liabilities measured at fair value. The Company is currently assessing the impact of the guidance on the Company’s consolidated financial position, results of operations and financial statement disclosures. In February 2016, the FASB issued guidance (ASU 2016-02, Leases (Topic 842) ) that ensures assets and liabilities from all outstanding lease contracts are recognized on balance sheet (with limited exception). The guidance substantially changes a Lessee’s accounting for leases and requires the recording on balance sheet of a “right-of-use” asset and liability to make lease payments for most leases. A Lessee will continue to recognize expense in its income statement in a manner similar to the requirements under the current lease accounting guidance. For Lessors, the guidance modifies classification criteria and accounting for sales-type and direct financing leases and requires a Lessor to derecognize the carrying value of the leased asset that is considered to have been transferred to a Lessee and record a lease receivable and residual asset (“receivable and residual” approach). The guidance also eliminates the real estate specific provisions of the current guidance (i.e., sale-leaseback). The amendments are effective for financial statements issued for annual reporting periods beginning after December 15, 2018 and for interim periods within those annual periods. Early adoption is permitted. The Company is currently assessing the impact of the guidance on the Company’s consolidated financial position, results of operations and financial statement disclosures. In March 2016, the FASB issued guidance (ASU 2016-07, Investments—Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting ) to simplify the transition to equity method when an investment qualifies for use of the equity method as a result of an increase in the level of ownership or degree of influence. The amendments require that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. The amendments are effective for financial statements issued for annual reporting periods beginning after December 15, 2016 and for interim periods within those annual periods. The Company is currently assessing the impact of the guidance on the Company’s consolidated financial position, results of operations and financial statement disclosures.

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2016
Investments [Abstract]
Fixed Maturities and Equity Securities, Available-for-sale Securities	The following tables provide information relating to fixed maturities and equity securities (excluding investments classified as trading) as of the dates indicated: March 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value OTTI in AOCI(3) (in thousands) Fixed maturities, available-for-sale U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 165,404 $ 11,764 $ 1 $ 177,167 $ 0 Obligations of U.S. states and their political subdivisions 631,330 39,057 184 670,203 0 Foreign government bonds 95,589 4,019 640 98,968 0 Public utilities 839,673 57,342 4,932 892,083 0 Redeemable preferred stock 17,345 2,079 156 19,268 0 All other U.S. public corporate securities 2,280,085 139,206 24,873 2,394,418 (191 ) All other U.S. private corporate securities 1,121,831 38,499 8,461 1,151,869 (224 ) All other foreign public corporate securities 268,944 12,143 3,353 277,734 0 All other foreign private corporate securities 784,955 18,316 23,873 779,398 0 Asset-backed securities(1) 350,399 5,866 2,679 353,586 (2,903 ) Commercial mortgage-backed securities 455,185 23,655 62 478,778 0 Residential mortgage-backed securities(2) 110,104 8,818 37 118,885 (657 ) Total fixed maturities, available-for-sale $ 7,120,844 $ 360,764 $ 69,251 $ 7,412,357 $ (3,975 ) Equity securities, available-for-sale Common stocks: Public utilities $ 66 $ 2 $ 25 $ 43 Industrial, miscellaneous & other 0 150 0 150 Mutual funds 59,533 688 2,836 57,385 Non-redeemable preferred stocks 0 0 0 0 Total equity securities, available-for-sale $ 59,599 $ 840 $ 2,861 $ 57,578 (1) Includes credit-tranched securities collateralized by sub-prime mortgages, auto loans, credit cards, education loans and other asset types. (2) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (3) Represents the amount of OTTI losses in Accumulated Other Comprehensive Income ("AOCI"), which were not included in earnings. Amount excludes $9 million of net unrealized gains on impaired available-for-sale securities relating to changes in the value of such securities subsequent to the impairment measurement date. December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value OTTI in AOCI(3) (in thousands) Fixed maturities, available-for-sale U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 87,107 $ 7,170 $ 228 $ 94,049 $ 0 Obligations of U.S. states and their political subdivisions 602,508 24,219 1,958 624,769 0 Foreign government bonds 70,107 3,094 2,791 70,410 0 Public utilities 790,038 30,862 18,402 802,498 0 Redeemable preferred stock 5,316 1,530 145 6,701 0 All other U.S. public corporate securities 2,138,358 81,905 61,142 2,159,121 (217 ) All other U.S. private corporate securities 1,085,345 26,299 13,963 1,097,681 0 All other foreign public corporate securities 270,063 8,230 6,508 271,785 0 All other foreign private corporate securities 784,283 9,933 42,528 751,688 0 Asset-backed securities(1) 431,578 6,203 2,650 435,131 (3,056 ) Commercial mortgage-backed securities 396,160 10,614 2,429 404,345 0 Residential mortgage-backed securities(2) 114,943 7,876 65 122,754 (690 ) Total fixed maturities, available-for-sale $ 6,775,806 $ 217,935 $ 152,809 $ 6,840,932 $ (3,963 ) Equity securities, available-for-sale Common stocks: Public utilities $ 66 $ 2 $ 29 $ 39 Industrial, miscellaneous & other 0 165 0 165 Mutual funds 54,543 256 3,030 51,769 Non-redeemable preferred stocks 0 0 0 0 Total equity securities, available-for-sale $ 54,609 $ 423 $ 3,059 $ 51,973 (1) Includes credit-tranched securities collateralized by sub-prime mortgages, auto loans, credit cards, education loans and other asset types. (2) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (3) Represents the amount of OTTI losses in AOCI, which were not included in earnings. Amount excludes $9 million of net unrealized gains on impaired available-for-sale securities relating to changes in the value of such securities subsequent to the impairment measurement date.
Investments Classified by Contractual Maturity Date	The amortized cost and fair value of fixed maturities by contractual maturities at March 31, 2016 , are as follows: Available-for-Sale Amortized Cost Fair Value (in thousands) Due in one year or less $ 477,002 $ 481,347 Due after one year through five years 1,199,786 1,248,874 Due after five years through ten years 1,432,613 1,475,328 Due after ten years 3,095,755 3,255,559 Asset-backed securities 350,399 353,586 Commercial mortgage-backed securities 455,185 478,778 Residential mortgage-backed securities 110,104 118,885 Total $ 7,120,844 $ 7,412,357
Sources of Fixed Maturity Proceeds, Related Investment Gains (Losses), and Losses on Impairments of Fixed Maturities and Equity Securities	The following table depicts the sources of fixed maturity and equity security proceeds and related investment gains (losses), as well as losses on impairments of both fixed maturities and equity securities: Three Months Ended March 31, 2016 2015 (in thousands) Fixed maturities, available-for-sale Proceeds from sales $ 279,272 $ 88,320 Proceeds from maturities/repayments 169,867 151,823 Gross investment gains from sales, prepayments and maturities 2,794 2,517 Gross investment losses from sales and maturities (1,568 ) (391 ) Equity securities, available-for-sale Proceeds from sales $ 10 $ 0 Gross investment gains from sales 0 0 Gross investment losses from sales 0 0 Fixed maturity and equity security impairments Net writedowns for OTTI losses on fixed maturities recognized in earnings(1) $ (16,150 ) $ (12 ) Writedowns for impairments on equity securities 0 0 (1) Excludes the portion of OTTI recorded in “Other comprehensive income (loss),” representing any difference between the fair value of the impaired debt security and the net present value of its projected future cash flows at the time of the impairment.
Credit Losses Recognized in Earnings on Fixed Maturity Securities Held by the Company for which a Portion of the OTTI Loss was Recognized in OCI	The following table sets forth the amount of pre-tax credit loss impairments on fixed maturity securities held by the Company as of the dates indicated, for which a portion of the OTTI loss was recognized in OCI, and the corresponding changes in such amounts. Three Months Ended March 31, 2016 2015 (in thousands) Balance, beginning of period $ 7,041 $ 8,729 Credit loss impairments previously recognized on securities which matured, paid down, prepaid or were sold during the period (907 ) (64 ) Credit loss impairments previously recognized on securities impaired to fair value during the period(1) (670 ) 0 Credit loss impairments recognized in the current period on securities not previously impaired 420 0 Additional credit loss impairments recognized in the current period on securities previously impaired 0 12 Increases due to the passage of time on previously recorded credit losses 53 37 Accretion of credit loss impairments previously recognized due to an increase in cash flows expected to be collected (79 ) (86 ) Balance, end of period $ 5,858 $ 8,628 (1) Represents circumstances where the Company determined in the current period that it intends to sell the security or it is more likely than not that it will be required to sell the security before recovery of the security's amortized cost.
Trading Account Assets Disclosure	The following table sets forth the composition of “Trading account assets” as of the dates indicated: March 31, 2016 December 31, 2015 Amortized Cost Fair Value Amortized Cost Fair Value (in thousands) Fixed maturities $ 50,585 $ 45,663 $ 50,565 $ 46,364 Equity securities 15,831 22,199 14,761 18,248 Total trading account assets $ 66,416 $ 67,862 $ 65,326 $ 64,612
Commercial Mortgage and Other Loans	The Company’s commercial mortgage and other loans are comprised as follows, as of the dates indicated: March 31, 2016 December 31, 2015 Amount (in thousands) % of Total Amount (in thousands) % of Total Commercial mortgage and agricultural property loans by property type: Retail $ 387,326 23.7 % $ 440,767 26.7 % Apartments/Multi-Family 467,242 28.6 445,379 27.0 Industrial 252,402 15.4 254,884 15.4 Office 252,435 15.4 226,332 13.6 Other 102,552 6.3 92,581 5.6 Hospitality 70,179 4.3 85,910 5.2 Total commercial mortgage loans 1,532,136 93.7 1,545,853 93.5 Agricultural property loans 103,486 6.3 106,623 6.5 Total commercial mortgage and agricultural property loans by property type 1,635,622 100.0 % 1,652,476 100.0 % Valuation allowance (2,090 ) (2,651 ) Total net commercial mortgage and agricultural property loans by property type 1,633,532 1,649,825 Other Loans Uncollateralized loans 8,410 8,410 Valuation allowance 0 0 Total other loans 8,410 8,410 Total commercial mortgage and other loans $ 1,641,942 $ 1,658,235
Allowance for Losses	Activity in the allowance for credit losses for all commercial mortgage and other loans, as of the dates indicated, is as follows: March 31, 2016 Commercial Mortgage Loans Agricultural Property Loans Uncollateralized Loans Total (in thousands) Allowance for credit losses, beginning of year $ 2,587 $ 64 $ 0 $ 2,651 Addition to (release of) allowance for losses (556 ) (5 ) 0 (561 ) Charge-offs, net of recoveries 0 0 0 0 Total ending balance $ 2,031 $ 59 $ 0 $ 2,090 December 31, 2015 Commercial Mortgage Loans Agricultural Property Loans Uncollateralized Loans Total (in thousands) Allowance for credit losses, beginning of year $ 4,071 $ 83 $ 0 $ 4,154 Addition to (release of) allowance for losses (1,484 ) (19 ) 0 (1,503 ) Charge-offs, net of recoveries 0 0 0 0 Total ending balance $ 2,587 $ 64 $ 0 $ 2,651
Allowance for Credit Losses and Recorded Investment in Commercial Mortgage and Other Loans	The following tables set forth the allowance for credit losses and the recorded investment in commercial mortgage and other loans as of the dates indicated: March 31, 2016 Commercial Mortgage Loans Agricultural Property Loans Uncollateralized Loans Total (in thousands) Allowance for Credit Losses: Individually evaluated for impairment $ 0 $ 0 $ 0 $ 0 Collectively evaluated for impairment 2,031 59 0 2,090 Loans acquired with deteriorated credit quality 0 0 0 0 Total ending balance $ 2,031 $ 59 $ 0 $ 2,090 Recorded Investment(1): Gross of reserves: individually evaluated for impairment $ 0 $ 287 $ 0 $ 287 Gross of reserves: collectively evaluated for impairment 1,532,136 103,199 8,410 1,643,745 Gross of reserves: loans acquired with deteriorated credit quality 0 0 0 0 Total ending balance, gross of reserves $ 1,532,136 $ 103,486 $ 8,410 $ 1,644,032 (1) Recorded investment reflects the carrying value gross of related allowance. December 31, 2015 Commercial Mortgage Loans Agricultural Property Loans Uncollateralized Loans Total (in thousands) Allowance for Credit Losses: Individually evaluated for impairment $ 0 $ 0 $ 0 $ 0 Collectively evaluated for impairment 2,587 64 0 2,651 Loans acquired with deteriorated credit quality 0 0 0 0 Total ending balance $ 2,587 $ 64 $ 0 $ 2,651 Recorded Investment(1): Gross of reserves: individually evaluated for impairment $ 0 $ 287 $ 0 $ 287 Gross of reserves: collectively evaluated for impairment 1,545,853 106,336 8,410 1,660,599 Gross of reserves: loans acquired with deteriorated credit quality 0 0 0 0 Total ending balance, gross of reserves $ 1,545,853 $ 106,623 $ 8,410 $ 1,660,886 (1) Recorded investment reflects the carrying value gross of related allowance.
Impaired Financing Receivables	Impaired loans include those loans for which it is probable that all amounts due will not be collected according to the contractual terms of the loan agreement. Impaired commercial mortgage and other loans identified in management's specific review of probable loan losses and the related allowance for losses, as of the dates indicated, are as follows: March 31, 2016 Recorded Investment(1) Unpaid Principal Balance Related Allowance Average Recorded Investment Before Allowance(2) Interest Income Recognized(3) (in thousands) With no related allowance recorded $ 0 $ 0 $ 0 $ 0 $ 0 With an allowance recorded 0 0 0 0 0 Total $ 0 $ 0 $ 0 $ 0 $ 0 (1) Recorded investment reflects the carrying value gross of related allowance. (2) Average recorded investment represents the average of the beginning-of-period and end-of-period balances. (3) The interest income recognized is for the year-to-date income regardless of when the impairments occurred. December 31, 2015 Recorded Investment(1) Unpaid Principal Balance Related Allowance Average Recorded Investment Before Allowance(2) Interest Income Recognized(3) (in thousands) With no related allowance recorded $ 0 $ 0 $ 0 $ 0 $ 0 With an allowance recorded 0 0 0 12,700 769 Total $ 0 $ 0 $ 0 $ 12,700 $ 769 (1) Recorded investment reflects the carrying value gross of related allowance. (2) Average recorded investment represents the average of the beginning-of-period and all subsequent quarterly end-of-period balances. (3) The interest income recognized is for the year-to-date income regardless of when the impairments occurred.
Credit Quality Indicators	The following tables set forth certain key credit quality indicators based upon the recorded investment gross of allowance for credit losses as of the dates indicated: Debt Service Coverage Ratio - March 31, 2016 Greater than 1.2X 1.0X to <1.2X Less than 1.0X Total (in thousands) Loan-to-Value Ratio 0%-59.99% $ 978,771 $ 22,821 $ 287 $ 1,001,879 60%-69.99% 396,369 16,769 0 413,138 70%-79.99% 204,064 13,617 0 217,681 Greater than 80% 0 2,924 0 2,924 Total commercial mortgage and agricultural property loans $ 1,579,204 $ 56,131 $ 287 $ 1,635,622 Debt Service Coverage Ratio - December 31, 2015 Greater than 1.2X 1.0X to <1.2X Less than 1.0X Total (in thousands) Loan-to-Value Ratio 0%-59.99% $ 1,004,751 $ 35,579 $ 6,762 $ 1,047,092 60%-69.99% 378,799 4,969 4,016 387,784 70%-79.99% 197,208 12,471 0 209,679 Greater than 80% 0 2,938 4,983 7,921 Total commercial mortgage and agricultural property loans $ 1,580,758 $ 55,957 $ 15,761 $ 1,652,476
Past Due Financing Receivables	The following tables provide an aging of past due commercial mortgage and other loans as of the dates indicated, based upon the recorded investment gross of allowance for credit losses, as well as the amount of commercial mortgage loans on non-accrual status as of the dates indicated. March 31, 2016 Current 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Total Commercial Mortgage and Other Loans Non-Accrual Status (in thousands) Commercial mortgage loans $ 1,532,136 $ 0 $ 0 $ 0 1,532,136 $ 0 Agricultural property loans 103,199 0 0 287 103,486 287 Uncollateralized loans 8,410 0 0 0 8,410 0 Total $ 1,643,745 $ 0 $ 0 $ 287 $ 1,644,032 $ 287 December 31, 2015 Current 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Total Commercial Mortgage and Other Loans Non-Accrual Status (in thousands) Commercial mortgage loans $ 1,545,853 $ 0 $ 0 $ 0 1,545,853 $ 0 Agricultural property loans 106,336 287 0 0 106,623 0 Uncollateralized loans 8,410 0 0 0 8,410 0 Total $ 1,660,599 $ 287 $ 0 $ 0 $ 1,660,886 $ 0
Net Investment Income	Net investment income for the three months ended March 31, 2016 and 2015 , was from the following sources: Three Months Ended March 31, 2016 2015 (in thousands) Fixed maturities, available-for-sale $ 75,710 $ 63,938 Equity securities, available-for-sale 0 1 Trading account assets 759 512 Commercial mortgage and other loans 19,773 20,897 Policy loans 15,498 15,115 Short-term investments and cash equivalents 737 275 Other long-term investments (880 ) 8,070 Gross investment income 111,597 108,808 Less: investment expenses (6,145 ) (5,388 ) Net investment income $ 105,452 $ 103,420
Realized Gain (Loss) on Investments	Realized investment gains (losses), net, for the three months ended March 31, 2016 and 2015 , were from the following sources: Three Months Ended March 31, 2016 2015 (in thousands) Fixed maturities $ (14,924 ) $ 2,114 Equity securities 0 0 Commercial mortgage and other loans 562 151 Joint ventures and limited partnerships (148 ) 38 Derivatives 69,647 56,720 Other 14 2 Realized investment gains (losses), net $ 55,151 $ 59,025
Components of Accumulated Other Comprehensive Income	The balance of and changes in each component of “Accumulated other comprehensive income (loss)” for the three months ended March 31, 2016 and 2015 , are as follows: Accumulated Other Comprehensive Income (Loss) Foreign Currency Translation Adjustment Net Unrealized Investment Gains (Losses)(1) Total Accumulated Other Comprehensive Income (Loss) (in thousands) Balance, December 31, 2015 $ (397 ) $ 65,202 $ 64,805 Change in OCI before reclassifications 219 162,282 162,501 Amounts reclassified from AOCI 0 14,924 14,924 Income tax benefit (expense) (76 ) (62,022 ) (62,098 ) Balance, March 31, 2016 $ (254 ) $ 180,386 $ 180,132 Accumulated Other Comprehensive Income (Loss) Foreign Currency Translation Adjustment Net Unrealized Investment Gains (Losses)(1) Total Accumulated Other Comprehensive Income (Loss) (in thousands) Balance, December 31, 2014 $ (67 ) $ 178,758 $ 178,691 Change in OCI before reclassifications (520 ) 81,731 81,211 Amounts reclassified from AOCI 0 (2,114 ) (2,114 ) Income tax benefit (expense) 182 (27,866 ) (27,684 ) Balance, March 31, 2015 $ (405 ) $ 230,509 $ 230,104 (1) Includes cash flow hedges of $31 million and $48 million as of March 31, 2016 and December 31, 2015 , respectively, and $36 million and $12 million as of March 31, 2015 and December 31, 2014 , respectively .
Reclassification Out Of Accumulated Other Comprehensive Income	Reclassifications out of Accumulated Other Comprehensive Income (Loss) Three Months Ended Three Months Ended (in thousands) Amounts reclassified from AOCI (1)(2): Net unrealized investment gains (losses): Cash flow hedges - Currency/Interest rate(3) $ (827 ) $ 1,801 Net unrealized investment gains (losses) on available-for-sale securities(4) (14,097 ) 313 Total net unrealized investment gains (losses) (14,924 ) 2,114 Total reclassifications for the period $ (14,924 ) $ 2,114 (1) All amounts are shown before tax. (2) Positive amounts indicate gains/benefits reclassified out of AOCI. Negative amounts indicate losses/costs reclassified out of AOCI. (3) See Note 5 for additional information on cash flow hedges. (4) See table below for additional information on unrealized investment gains (losses), including the impact on deferred policy acquisition costs and other costs, future policy benefits and policyholders’ account balances.
Net Unrealized Investment Gain (Loss) AOCI Rollforward	Net Unrealized Investment Gains and Losses on Fixed Maturity Securities on which an OTTI loss has been recognized Net Unrealized Gains (Losses) on Investments DAC and Other Costs Future Policy Benefits and Policyholders’ Account Balances(2) Deferred Income Tax (Liability) Benefit Accumulated Other Comprehensive Income (Loss) Related To Net Unrealized Investment Gains (Losses) (in thousands) Balance, December 31, 2015 $ 5,196 $ (1,350 ) $ 1,114 $ (1,767 ) $ 3,193 Net investment gains (losses) on investments arising during the period 96 0 0 (34 ) 62 Reclassification adjustment for (gains) losses included in net income (111 ) 0 0 39 (72 ) Reclassification adjustment for OTTI losses excluded from net income(1) (485 ) 0 0 170 (315 ) Impact of net unrealized investment (gains) losses on DAC and other costs 0 118 0 (41 ) 77 Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances 0 0 (147 ) 51 (96 ) Balance, March 31, 2016 $ 4,696 $ (1,232 ) $ 967 $ (1,582 ) $ 2,849 (1) Represents "transfers in" related to the portion of OTTI losses recognized during the period that were not recognized in earnings for securities with no prior OTTI loss. (2) Balances are net of reinsurance.
All Other Net Unrealized Investment Gain (Loss) AOCI Rollforward	All Other Net Unrealized Investment Gains and Losses in AOCI Net Unrealized Gains (Losses) on Investments(2) DAC and Future Policy Benefits and Policyholders’ Account Balances(3) Deferred Income Tax (Liability) Benefit Accumulated Other Comprehensive Income (Loss) Related To Net Unrealized Investment Gains (Losses) (in thousands) Balance, December 31, 2015 $ 111,837 $ (19,252 ) $ 2,647 $ (33,223 ) $ 62,009 Net investment gains (losses) on investments arising during the period 196,014 0 0 (68,604 ) 127,410 Reclassification adjustment for (gains) losses included in net income 15,035 0 0 (5,262 ) 9,773 Reclassification adjustment for OTTI losses excluded from net income(1) 485 0 0 (170 ) 315 Impact of net unrealized investment (gains) losses on DAC and other costs 0 (59,669 ) 0 20,884 (38,785 ) Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances 0 0 25,870 (9,055 ) 16,815 Balance, March 31, 2016 $ 323,371 $ (78,921 ) $ 28,517 $ (95,430 ) $ 177,537 (1) Represents "transfers out" related to the portion of OTTI losses recognized during the period that were not recognized in earnings for securities with no prior OTTI loss. (2) Includes cash flow hedges. See Note 5 for information on cash flow hedges. (3) Balances are net of reinsurance.
Unrealized Gains and (Losses) on Investments	The table below presents net unrealized gains (losses) on investments by asset class as of the dates indicated: March 31, 2016 December 31, 2015 (in thousands) Fixed maturity securities on which an OTTI loss has been recognized $ 4,696 $ 5,196 Fixed maturity securities, available-for-sale - all other 286,817 59,930 Equity securities, available-for-sale (2,021 ) (2,636 ) Derivatives designated as cash flow hedges(1) 31,172 48,271 Other investments 7,403 6,272 Net unrealized gains (losses) on investments $ 328,067 $ 117,033 (1) See Note 5 for more information on cash flow hedges.
Duration Of Gross Unrealized Losses On Fixed Maturity Securities Disclosures	The following table shows the fair value and gross unrealized losses aggregated by investment category and length of time that individual fixed maturity securities and equity securities have been in a continuous unrealized loss position, as of the dates indicated: March 31, 2016 Less than twelve months Twelve months or more Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (in thousands) Fixed maturities, available-for-sale U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 24,999 $ 1 $ 0 $ 0 $ 24,999 $ 1 Obligations of U.S. states and their political subdivisions 2,912 10 12,747 174 15,659 184 Foreign government bonds 8,708 85 4,708 555 13,416 640 Public utilities 61,981 1,272 51,984 3,660 113,965 4,932 Redeemable preferred stock 0 156 0 0 0 156 All other U.S. public corporate securities 241,672 11,310 158,461 13,563 400,133 24,873 All other U.S. private corporate securities 162,658 7,223 16,168 1,238 178,826 8,461 All other foreign public corporate securities 29,403 2,424 6,827 929 36,230 3,353 All other foreign private corporate securities 112,218 4,206 179,934 19,667 292,152 23,873 Asset-backed securities 118,032 1,962 43,545 717 161,577 2,679 Commercial mortgage-backed securities 522 0 3,828 62 4,350 62 Residential mortgage-backed securities 888 27 1,406 10 2,294 37 Total $ 763,993 $ 28,676 $ 479,608 $ 40,575 $ 1,243,601 $ 69,251 Equity securities, available-for-sale $ 32,679 $ 2,471 $ 4,611 $ 390 $ 37,290 $ 2,861 December 31, 2015 Less than twelve months Twelve months or more Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (in thousands) Fixed maturities, available-for-sale U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 5,985 $ 228 $ 0 $ 0 $ 5,985 $ 228 Obligations of U.S. states and their political subdivisions 77,756 1,958 0 0 77,756 1,958 Foreign government bonds 44,854 1,940 1,813 851 46,667 2,791 Public utilities 323,086 13,151 26,094 5,251 349,180 18,402 All other U.S. public corporate securities 802,158 49,343 61,110 11,799 863,268 61,142 All other U.S. private corporate securities 323,218 12,476 17,103 1,487 340,321 13,963 All other foreign public corporate securities 121,662 5,098 6,079 1,410 127,741 6,508 All other foreign private corporate securities 284,191 14,234 154,791 28,439 438,982 42,673 Asset-backed securities 249,084 1,565 93,675 1,085 342,759 2,650 Commercial mortgage-backed securities 129,765 2,350 4,221 79 133,986 2,429 Residential mortgage-backed securities 18,435 59 1,519 6 19,954 65 Total $ 2,380,194 $ 102,402 $ 366,405 $ 50,407 $ 2,746,599 $ 152,809 Equity securities, available-for-sale $ 35,869 $ 2,339 $ 9,281 $ 720 $ 45,150 $ 3,059

Fair Value of Assets and Liab16

Fair Value of Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value, Assets and Liabilities Measured on Recurring Basis	The tables below present the balances of assets and liabilities reported at fair value on a recurring basis, as of the dates indicated. March 31, 2016 Level 1 Level 2 Level 3 Netting(1) Total (in thousands) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 177,167 $ 0 $ 0 $ 177,167 Obligations of U.S. states and their political subdivisions 0 670,203 0 0 670,203 Foreign government bonds 0 98,968 0 0 98,968 U.S. corporate public securities 0 2,961,999 55,003 0 3,017,002 U.S. corporate private securities 0 1,354,510 29,248 0 1,383,758 Foreign corporate public securities 0 293,841 0 0 293,841 Foreign corporate private securities 0 805,971 14,198 0 820,169 Asset-backed securities 0 229,195 124,391 0 353,586 Commercial mortgage-backed securities 0 478,778 0 0 478,778 Residential mortgage-backed securities 0 118,885 0 0 118,885 Sub-total 0 7,189,517 222,840 0 7,412,357 Trading account assets: Corporate securities 0 43,668 0 0 43,668 Asset-backed securities 0 1,995 0 0 1,995 Equity securities 0 0 22,199 0 22,199 Sub-total 0 45,663 22,199 0 67,862 Equity securities, available-for-sale 43 57,385 150 0 57,578 Short-term investments 7 46,607 0 0 46,614 Cash equivalents 5,317 200,964 0 0 206,281 Other long-term investments 0 458,035 2,444 (444,724 ) 15,755 Reinsurance recoverables 0 0 6,741,737 0 6,741,737 Receivables from parent and affiliates 0 161,396 569 0 161,965 Sub-total excluding separate account assets 5,367 8,159,567 6,989,939 (444,724 ) 14,710,149 Separate account assets(2) 0 109,912,778 0 0 109,912,778 Total assets $ 5,367 $ 118,072,345 $ 6,989,939 $ (444,724 ) $ 124,622,927 Future policy benefits(3) $ 0 $ 0 $ 7,098,647 $ 0 $ 7,098,647 Payables to parent and affiliates 0 45,035 0 (45,035 ) 0 Total liabilities $ 0 $ 45,035 $ 7,098,647 $ (45,035 ) $ 7,098,647 December 31, 2015 Level 1 Level 2 Level 3 Netting(1) Total (in thousands) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 94,049 $ 0 $ 0 $ 94,049 Obligations of U.S. states and their political subdivisions 0 624,769 0 0 624,769 Foreign government bonds 0 70,410 0 0 70,410 U.S. corporate public securities 0 2,635,551 55,003 0 2,690,554 U.S. corporate private securities 0 1,322,213 22,716 0 1,344,929 Foreign corporate public securities 0 275,349 0 0 275,349 Foreign corporate private securities 0 760,869 17,773 0 778,642 Asset-backed securities 0 261,784 173,347 0 435,131 Commercial mortgage-backed securities 0 404,345 0 0 404,345 Residential mortgage-backed securities 0 122,754 0 0 122,754 Sub-total 0 6,572,093 268,839 0 6,840,932 Trading account assets: Corporate securities 0 44,374 0 0 44,374 Asset-backed securities 0 1,990 0 0 1,990 Equity securities 0 0 18,248 0 18,248 Sub-total 0 46,364 18,248 0 64,612 Equity securities, available-for-sale 39 51,769 165 0 51,973 Short-term investments 18,713 36,093 0 0 54,806 Cash equivalents 50,998 143,927 0 0 194,925 Other long-term investments(4) 0 297,394 5,704 (230,554 ) 72,544 Reinsurance recoverables 0 0 4,940,011 0 4,940,011 Receivables from parent and affiliates 0 157,625 5,000 0 162,625 Sub-total excluding separate account assets 69,750 7,305,265 5,237,967 (230,554 ) 12,382,428 Separate account assets(2)(4) 0 108,967,162 0 0 108,967,162 Total assets $ 69,750 $ 116,272,427 $ 5,237,967 $ (230,554 ) $ 121,349,590 Future policy benefits(3) $ 0 $ 0 $ 5,205,434 $ 0 $ 5,205,434 Payables to parent and affiliates 0 32,849 0 (32,849 ) 0 Total liabilities $ 0 $ 32,849 $ 5,205,434 $ (32,849 ) $ 5,205,434 (1) “Netting” amounts represent cash collateral of $400 million and $198 million as of March 31, 2016 and December 31, 2015 , respectively, and the impact of offsetting asset and liability positions held with the same counterparty, subject to master netting arrangements. (2) Separate account assets represent segregated funds that are invested for certain customers. Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts. Separate account liabilities are not included in the above table as they are reported at contract value and not fair value in the Company’s Unaudited Interim Consolidated Statements of Financial Position. (3) As of March 31, 2016 , the net embedded derivative liability position of $7,099 million includes $653 million of embedded derivatives in an asset position and $7,752 million of embedded derivatives in a liability position. As of December 31, 2015 , the net embedded derivative liability position of $5,205 million includes $655 million of embedded derivatives in an asset position and $5,860 million of embedded derivatives in a liability position. (4) Prior period amounts are presented on a basis consistent with the current period presentation, reflecting the adoption of ASU 2015-07
Fair Value Level Three Amounts By Pricing Source	The tables below present the balances of Level 3 assets and liabilities measured at fair value with their corresponding pricing sources. March 31, 2016 Internal(1) External(2) Total (in thousands) Corporate securities(3) $ 43,449 $ 55,000 $ 98,449 Asset-backed securities(4) 136 124,255 124,391 Equity securities 4,589 17,760 22,349 Other long-term investments 0 2,444 2,444 Reinsurance recoverables 6,741,737 0 6,741,737 Receivables from parent and affiliates 0 569 569 Total assets $ 6,789,911 $ 200,028 $ 6,989,939 Future policy benefits $ 7,098,647 $ 0 $ 7,098,647 Total liabilities $ 7,098,647 $ 0 $ 7,098,647 December 31, 2015 Internal(1) External(2) Total (in thousands) Corporate securities(3) $ 40,492 $ 55,000 $ 95,492 Asset-backed securities(4) 158 173,189 173,347 Equity securities 165 18,248 18,413 Other long-term investments(5) 3,260 2,444 5,704 Reinsurance recoverables 4,940,011 0 4,940,011 Receivables from parent and affiliates 0 5,000 5,000 Total assets $ 4,984,086 $ 253,881 $ 5,237,967 Future policy benefits $ 5,205,434 $ 0 $ 5,205,434 Total liabilities $ 5,205,434 $ 0 $ 5,205,434 (1) Represents valuations reflecting both internally-derived and market inputs, as well as third-party pricing information or quotes. See below for additional information related to internally-developed valuation for significant items in the above table. (2) Represents unadjusted prices from independent pricing services and independent indicative broker quotes where pricing inputs are not readily available. (3) Includes assets classified as fixed maturities available-for-sale. (4) Includes credit-tranched securities collateralized by sub-prime mortgages, auto loans, credit cards, education loans and other asset types. (5) Prior period amounts are presented on a basis consistent with the current period presentation, reflecting the adoption of ASU 2015-07.
Fair Value Inputs, Assets, Quantitative Information	The tables below present quantitative information on significant internally-priced Level 3 assets and liabilities (see narrative below for quantitative information for separate account assets). March 31, 2016 Fair Value Valuation Techniques Unobservable Inputs Minimum Maximum Weighted Average Impact of Increase in Input on Fair Value(1) (in thousands) Assets: Corporate securities(12) $ 43,449 Discounted cash flow Discount rate 5.29 % 20.38 % 9.90 % Decrease Market comparables EBITDA multiples(2) 5.0 X 5.0 X 5.0 X Increase Reinsurance recoverables - Living Benefits $ 6,348,158 Fair values are determined in the same manner as future policy benefits Reinsurance recoverables - No Lapse Guarantee $ 393,579 Discounted cash flow Lapse rate(3) 0 % 12 % Decrease NPR spread(4) 0.44 % 2.07 % Decrease Mortality rate(5) 0 % 20 % Decrease Premium payment(6) 1.00 X 3.75 X Decrease Liabilities: Future policy benefits(7) $ 7,098,647 Discounted cash flow Lapse rate(8) 0 % 14 % Decrease NPR spread(4) 0.44 % 2.07 % Decrease Utilization rate(9) 56 % 96 % Increase Withdrawal rate(10) 74 % 100 % Increase Mortality rate(11) 0 % 14 % Decrease Equity volatility curve 16 % 28 % Increase December 31, 2015 Fair Value Valuation Techniques Unobservable Inputs Minimum Maximum Weighted Average Impact of Increase in Input on Fair Value(1) (in thousands) Assets: Corporate securities(12) $ 40,492 Discounted cash flow Discount rate 5.76 % 17.95 % 8.35 % Decrease Market comparables EBITDA multiples(2) 5.0 X 5.0 X 5.0 X Increase Reinsurance recoverables - Living Benefits $ 4,600,193 Fair values are determined in the same manner as future policy benefits Reinsurance recoverables - No Lapse Guarantee $ 339,818 Discounted cash flow Lapse rate(3) 0 % 12 % Decrease NPR spread(4) 0.06 % 1.76 % Decrease Mortality rate(5) 0 % 20 % Decrease Premium payment(6) 1.00 X 3.75 X Decrease Liabilities: Future policy benefits(7) $ 5,205,434 Discounted cash flow Lapse rate(8) 0 % 14 % Decrease NPR spread(4) 0.06 % 1.76 % Decrease Utilization rate(9) 56 % 96 % Increase Withdrawal rate(10) 74 % 100 % Increase Mortality rate(11) 0 % 14 % Decrease Equity volatility curve 17 % 28 % Increase (1) Conversely, the impact of a decrease in input would have the opposite impact for the fair value as that presented in the table. (2) EBITDA multiples represent multiples of earnings before interest, taxes, depreciation and amortization, and are amounts used when the reporting entity has determined that market participants would use such multiples when pricing the investments. (3) For universal life, lapse rates vary based on funding level and other factors. Rates are set to zero when the no lapse guarantee is fully funded and the cash value is zero. (4) To reflect NPR, the Company incorporates an additional spread over LIBOR into the discount rate used in the valuation of contracts in a liability position and generally not to those in a contra-liability position. The NPR spread reflects the financial strength ratings of the Company and its affiliates, as these are insurance liabilities and senior to debt. The additional spread over LIBOR is determined by utilizing the credit spreads associated with issuing funding agreements, adjusted for any illiquidity risk premium. (5) Universal life mortality rates are adjusted based on underwriting information. A mortality improvement assumption is also incorporated into the projection. (6) For universal life, premium payment assumptions vary by funding level. Some policies are assumed to pay the minimum premium required to maintain the no lapse guarantee. Other policies are assumed to pay a multiple of commissionable target premium levels (shown above and indicated as “X”). Policyholders are assumed to stop premium payments once the no lapse guarantee is fully funded. (7) Future policy benefits primarily represent general account liabilities for the living benefit features of the Company’s variable annuity contracts which are accounted for as embedded derivatives. Since the valuation methodology for these liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (8) Lapse rates are adjusted at the contract level based on the in-the-moneyness of the living benefit and reflect other factors, such as the applicability of any surrender charges. Lapse rates are reduced when contracts are more in-the-money. Lapse rates are also generally assumed to be lower for the period where surrender charges apply. (9) The utilization rate assumption estimates the percentage of contracts that will utilize the benefit during the contract duration, and begin lifetime withdrawals at various time intervals from contract inception. The remaining contractholders are assumed to either begin lifetime withdrawals immediately or never utilize the benefit. Utilization assumptions may vary by product type, tax status and age. The impact of changes in these assumptions is highly dependent on the product type, the age of the contractholder at the time of the sale, and the timing of the first lifetime income withdrawal. Range reflects the utilization rate for the vast majority of business with living benefits. (10) The withdrawal rate assumption estimates the magnitude of annual contractholder withdrawals relative to the maximum allowable amount under the contract. These assumptions may vary based on the product type, contractholder age, tax status and withdrawal timing. The fair value of the liability will generally increase the closer the withdrawal rate is to 100%. (11) Range reflects the mortality rate for the vast majority of business with living benefits, with policyholders ranging from 35 to 90 years old. While the majority of living benefits have a minimum age requirement, certain benefits do not have an age restriction. This results in contractholders for certain benefits with mortality rates approaching 0%. Based on historical experience, the Company applies a set of age and duration specific mortality rate adjustments compared to standard industry tables. A mortality improvement assumption is also incorporated into the overall mortality table. (12) Includes assets classified as fixed maturities available-for-sale and other trading account assets.
Fair Value Inputs, Liabilities, Quantitative Information	The tables below present quantitative information on significant internally-priced Level 3 assets and liabilities (see narrative below for quantitative information for separate account assets). March 31, 2016 Fair Value Valuation Techniques Unobservable Inputs Minimum Maximum Weighted Average Impact of Increase in Input on Fair Value(1) (in thousands) Assets: Corporate securities(12) $ 43,449 Discounted cash flow Discount rate 5.29 % 20.38 % 9.90 % Decrease Market comparables EBITDA multiples(2) 5.0 X 5.0 X 5.0 X Increase Reinsurance recoverables - Living Benefits $ 6,348,158 Fair values are determined in the same manner as future policy benefits Reinsurance recoverables - No Lapse Guarantee $ 393,579 Discounted cash flow Lapse rate(3) 0 % 12 % Decrease NPR spread(4) 0.44 % 2.07 % Decrease Mortality rate(5) 0 % 20 % Decrease Premium payment(6) 1.00 X 3.75 X Decrease Liabilities: Future policy benefits(7) $ 7,098,647 Discounted cash flow Lapse rate(8) 0 % 14 % Decrease NPR spread(4) 0.44 % 2.07 % Decrease Utilization rate(9) 56 % 96 % Increase Withdrawal rate(10) 74 % 100 % Increase Mortality rate(11) 0 % 14 % Decrease Equity volatility curve 16 % 28 % Increase December 31, 2015 Fair Value Valuation Techniques Unobservable Inputs Minimum Maximum Weighted Average Impact of Increase in Input on Fair Value(1) (in thousands) Assets: Corporate securities(12) $ 40,492 Discounted cash flow Discount rate 5.76 % 17.95 % 8.35 % Decrease Market comparables EBITDA multiples(2) 5.0 X 5.0 X 5.0 X Increase Reinsurance recoverables - Living Benefits $ 4,600,193 Fair values are determined in the same manner as future policy benefits Reinsurance recoverables - No Lapse Guarantee $ 339,818 Discounted cash flow Lapse rate(3) 0 % 12 % Decrease NPR spread(4) 0.06 % 1.76 % Decrease Mortality rate(5) 0 % 20 % Decrease Premium payment(6) 1.00 X 3.75 X Decrease Liabilities: Future policy benefits(7) $ 5,205,434 Discounted cash flow Lapse rate(8) 0 % 14 % Decrease NPR spread(4) 0.06 % 1.76 % Decrease Utilization rate(9) 56 % 96 % Increase Withdrawal rate(10) 74 % 100 % Increase Mortality rate(11) 0 % 14 % Decrease Equity volatility curve 17 % 28 % Increase (1) Conversely, the impact of a decrease in input would have the opposite impact for the fair value as that presented in the table. (2) EBITDA multiples represent multiples of earnings before interest, taxes, depreciation and amortization, and are amounts used when the reporting entity has determined that market participants would use such multiples when pricing the investments. (3) For universal life, lapse rates vary based on funding level and other factors. Rates are set to zero when the no lapse guarantee is fully funded and the cash value is zero. (4) To reflect NPR, the Company incorporates an additional spread over LIBOR into the discount rate used in the valuation of contracts in a liability position and generally not to those in a contra-liability position. The NPR spread reflects the financial strength ratings of the Company and its affiliates, as these are insurance liabilities and senior to debt. The additional spread over LIBOR is determined by utilizing the credit spreads associated with issuing funding agreements, adjusted for any illiquidity risk premium. (5) Universal life mortality rates are adjusted based on underwriting information. A mortality improvement assumption is also incorporated into the projection. (6) For universal life, premium payment assumptions vary by funding level. Some policies are assumed to pay the minimum premium required to maintain the no lapse guarantee. Other policies are assumed to pay a multiple of commissionable target premium levels (shown above and indicated as “X”). Policyholders are assumed to stop premium payments once the no lapse guarantee is fully funded. (7) Future policy benefits primarily represent general account liabilities for the living benefit features of the Company’s variable annuity contracts which are accounted for as embedded derivatives. Since the valuation methodology for these liabilities uses a range of inputs that vary at the contract level over the cash flow projection period, presenting a range, rather than weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (8) Lapse rates are adjusted at the contract level based on the in-the-moneyness of the living benefit and reflect other factors, such as the applicability of any surrender charges. Lapse rates are reduced when contracts are more in-the-money. Lapse rates are also generally assumed to be lower for the period where surrender charges apply. (9) The utilization rate assumption estimates the percentage of contracts that will utilize the benefit during the contract duration, and begin lifetime withdrawals at various time intervals from contract inception. The remaining contractholders are assumed to either begin lifetime withdrawals immediately or never utilize the benefit. Utilization assumptions may vary by product type, tax status and age. The impact of changes in these assumptions is highly dependent on the product type, the age of the contractholder at the time of the sale, and the timing of the first lifetime income withdrawal. Range reflects the utilization rate for the vast majority of business with living benefits. (10) The withdrawal rate assumption estimates the magnitude of annual contractholder withdrawals relative to the maximum allowable amount under the contract. These assumptions may vary based on the product type, contractholder age, tax status and withdrawal timing. The fair value of the liability will generally increase the closer the withdrawal rate is to 100%. (11) Range reflects the mortality rate for the vast majority of business with living benefits, with policyholders ranging from 35 to 90 years old. While the majority of living benefits have a minimum age requirement, certain benefits do not have an age restriction. This results in contractholders for certain benefits with mortality rates approaching 0%. Based on historical experience, the Company applies a set of age and duration specific mortality rate adjustments compared to standard industry tables. A mortality improvement assumption is also incorporated into the overall mortality table. (12) Includes assets classified as fixed maturities available-for-sale and other trading account assets.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables provide summaries of the changes in fair values of Level 3 assets and liabilities as of the dates indicated, as well as the portion of gains or losses included in income attributable to unrealized gains or losses related to those assets and liabilities still held at the end of their respective periods: Three Months Ended March 31, 2016 Fixed Maturities Available-for-Sale U.S. Corporate Public Securities U.S. Corporate Private Securities Foreign Corporate Private Securities Asset-Backed Securities Trading Account Assets- Equity Securities (in thousands) Fair value, beginning of period $ 55,003 $ 22,716 $ 17,773 $ 173,347 $ 18,248 Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 0 (508 ) (194 ) 9 0 Asset management fees and other income 0 0 0 0 691 Included in other comprehensive income (loss) 0 (976 ) (215 ) (902 ) 0 Net investment income 0 4 5 98 0 Purchases 0 209 65 0 0 Sales 0 0 0 0 0 Issuances 0 0 0 0 0 Settlements 0 (950 ) (4,823 ) (343 ) 0 Transfers into Level 3(1) 0 8,753 1,587 10,916 0 Transfers out of Level 3(1) 0 0 0 (58,734 ) 0 Other(5) 0 0 0 0 3,260 Fair value, end of period $ 55,003 $ 29,248 $ 14,198 $ 124,391 $ 22,199 Unrealized gains (losses) for assets still held(2): Included in earnings: Realized investment gains (losses), net $ 0 $ (508 ) $ 0 $ 0 $ 0 Asset management fees and other income $ 0 $ 0 $ 0 $ 0 $ 691 Three Months Ended March 31, 2016 Equity Securities, Other Long-term Investments Reinsurance Recoverables Receivables from Parent and Affiliates Future Policy Benefits (in thousands) Fair value, beginning of period $ 165 $ 5,704 $ 4,940,011 $ 5,000 $ (5,205,434 ) Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 0 0 1,625,887 (13 ) (1,700,231 ) Asset management fees and other income 0 0 0 0 0 Included in other comprehensive income (loss) (15 ) 0 0 34 0 Net investment income 0 0 0 0 0 Purchases 0 0 175,839 0 0 Sales 0 0 0 (1,988 ) 0 Issuances 0 0 0 0 (192,982 ) Settlements 0 0 0 0 0 Transfers into Level 3(1) 0 0 0 0 0 Transfers out of Level 3(1) 0 0 0 (2,464 ) 0 Other(5) 0 (3,260 ) 0 0 0 Fair value, end of period $ 150 $ 2,444 $ 6,741,737 $ 569 $ (7,098,647 ) Unrealized gains (losses) for assets/liabilities still held(2): Included in earnings: Realized investment gains (losses), net $ 0 $ 0 $ 1,655,557 $ 0 $ (1,727,547 ) Asset management fees and other income $ 0 $ 0 $ 0 $ 0 $ 0 Three Months Ended March 31, 2015(4) Fixed Maturities Available-for-Sale U.S. Corporate Public Securities U.S. Corporate Private Securities Foreign Corporate Private Securities Asset-Backed (in thousands) Fair value, beginning of period $ 61,092 $ 14,539 $ 9,170 $ 100,217 Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 0 0 62 2 Asset management fees and other income 0 0 0 0 Included in other comprehensive income (loss) (44 ) (277 ) (117 ) 530 Net investment income (2 ) (12 ) 8 (8 ) Purchases 56,903 249 188 73,630 Sales (55,000 ) (2 ) (31 ) 0 Settlements (152 ) (511 ) (678 ) (72 ) Transfers into Level 3(1) 704 826 0 44,798 Transfers out of Level 3(1) 0 0 0 (18,046 ) Fair value, end of period $ 63,501 $ 14,812 $ 8,602 $ 201,051 Unrealized gains (losses) for assets still held(2): Included in earnings: Realized investment gains (losses), net $ 0 $ 0 $ 0 $ 0 Asset management fees and other income $ 0 $ 0 $ 0 $ 0 Three Months Ended March 31, 2015(4) Trading Equity Other Long- Reinsurance Receivables from Parent and Affiliates Future Policy (in thousands) Fair value, beginning of period $ 5,540 $ 750 $ 596 $ 4,897,545 $ 19,203 $ (4,993,611 ) Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 0 0 51 759,357 0 (776,607 ) Asset management fees and other income 2,328 0 0 0 0 0 Included in other comprehensive income (loss) 0 (3 ) 0 0 (20 ) 0 Net investment income 0 0 0 0 0 0 Purchases 0 0 0 165,205 0 0 Sales 0 0 0 0 0 0 Issuances 0 0 0 0 0 (174,597 ) Settlements (1,500 ) 0 0 0 0 0 Transfers into Level 3(1) 0 0 0 0 1,986 0 Transfers out of Level 3(1) 0 0 (30 ) 0 0 0 Other(3) 12,001 0 0 0 0 0 Fair value, end of period $ 18,369 $ 747 $ 617 $ 5,822,107 $ 21,169 $ (5,944,815 ) Unrealized gains (losses) for assets/liabilities still held(2): Included in earnings: Realized investment gains (losses), net $ 0 $ 0 $ 52 $ 788,607 $ 0 $ (809,087 ) Asset management fees and other income $ 2,283 $ 0 $ 0 $ 0 $ 0 $ 0 (1) Transfers into or out of any level are generally reported as the value as of the beginning of the quarter in which the transfer occurs for any such assets still held at the end of the quarter. (2) Unrealized gains or losses related to assets still held at the end of the period do not include amortization or accretion of premiums and discounts. (3) Other primarily represents reclassifications of certain assets between reporting categories. (4) Prior period amounts have been reclassified to conform to current period presentation, including the adoption of ASU 2015-07. (5) Primarily related to private warrants reclassified from derivatives to trading securities.
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables provide summaries of the changes in fair values of Level 3 assets and liabilities as of the dates indicated, as well as the portion of gains or losses included in income attributable to unrealized gains or losses related to those assets and liabilities still held at the end of their respective periods: Three Months Ended March 31, 2016 Fixed Maturities Available-for-Sale U.S. Corporate Public Securities U.S. Corporate Private Securities Foreign Corporate Private Securities Asset-Backed Securities Trading Account Assets- Equity Securities (in thousands) Fair value, beginning of period $ 55,003 $ 22,716 $ 17,773 $ 173,347 $ 18,248 Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 0 (508 ) (194 ) 9 0 Asset management fees and other income 0 0 0 0 691 Included in other comprehensive income (loss) 0 (976 ) (215 ) (902 ) 0 Net investment income 0 4 5 98 0 Purchases 0 209 65 0 0 Sales 0 0 0 0 0 Issuances 0 0 0 0 0 Settlements 0 (950 ) (4,823 ) (343 ) 0 Transfers into Level 3(1) 0 8,753 1,587 10,916 0 Transfers out of Level 3(1) 0 0 0 (58,734 ) 0 Other(5) 0 0 0 0 3,260 Fair value, end of period $ 55,003 $ 29,248 $ 14,198 $ 124,391 $ 22,199 Unrealized gains (losses) for assets still held(2): Included in earnings: Realized investment gains (losses), net $ 0 $ (508 ) $ 0 $ 0 $ 0 Asset management fees and other income $ 0 $ 0 $ 0 $ 0 $ 691 Three Months Ended March 31, 2016 Equity Securities, Other Long-term Investments Reinsurance Recoverables Receivables from Parent and Affiliates Future Policy Benefits (in thousands) Fair value, beginning of period $ 165 $ 5,704 $ 4,940,011 $ 5,000 $ (5,205,434 ) Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 0 0 1,625,887 (13 ) (1,700,231 ) Asset management fees and other income 0 0 0 0 0 Included in other comprehensive income (loss) (15 ) 0 0 34 0 Net investment income 0 0 0 0 0 Purchases 0 0 175,839 0 0 Sales 0 0 0 (1,988 ) 0 Issuances 0 0 0 0 (192,982 ) Settlements 0 0 0 0 0 Transfers into Level 3(1) 0 0 0 0 0 Transfers out of Level 3(1) 0 0 0 (2,464 ) 0 Other(5) 0 (3,260 ) 0 0 0 Fair value, end of period $ 150 $ 2,444 $ 6,741,737 $ 569 $ (7,098,647 ) Unrealized gains (losses) for assets/liabilities still held(2): Included in earnings: Realized investment gains (losses), net $ 0 $ 0 $ 1,655,557 $ 0 $ (1,727,547 ) Asset management fees and other income $ 0 $ 0 $ 0 $ 0 $ 0 Three Months Ended March 31, 2015(4) Fixed Maturities Available-for-Sale U.S. Corporate Public Securities U.S. Corporate Private Securities Foreign Corporate Private Securities Asset-Backed (in thousands) Fair value, beginning of period $ 61,092 $ 14,539 $ 9,170 $ 100,217 Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 0 0 62 2 Asset management fees and other income 0 0 0 0 Included in other comprehensive income (loss) (44 ) (277 ) (117 ) 530 Net investment income (2 ) (12 ) 8 (8 ) Purchases 56,903 249 188 73,630 Sales (55,000 ) (2 ) (31 ) 0 Settlements (152 ) (511 ) (678 ) (72 ) Transfers into Level 3(1) 704 826 0 44,798 Transfers out of Level 3(1) 0 0 0 (18,046 ) Fair value, end of period $ 63,501 $ 14,812 $ 8,602 $ 201,051 Unrealized gains (losses) for assets still held(2): Included in earnings: Realized investment gains (losses), net $ 0 $ 0 $ 0 $ 0 Asset management fees and other income $ 0 $ 0 $ 0 $ 0 Three Months Ended March 31, 2015(4) Trading Equity Other Long- Reinsurance Receivables from Parent and Affiliates Future Policy (in thousands) Fair value, beginning of period $ 5,540 $ 750 $ 596 $ 4,897,545 $ 19,203 $ (4,993,611 ) Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 0 0 51 759,357 0 (776,607 ) Asset management fees and other income 2,328 0 0 0 0 0 Included in other comprehensive income (loss) 0 (3 ) 0 0 (20 ) 0 Net investment income 0 0 0 0 0 0 Purchases 0 0 0 165,205 0 0 Sales 0 0 0 0 0 0 Issuances 0 0 0 0 0 (174,597 ) Settlements (1,500 ) 0 0 0 0 0 Transfers into Level 3(1) 0 0 0 0 1,986 0 Transfers out of Level 3(1) 0 0 (30 ) 0 0 0 Other(3) 12,001 0 0 0 0 0 Fair value, end of period $ 18,369 $ 747 $ 617 $ 5,822,107 $ 21,169 $ (5,944,815 ) Unrealized gains (losses) for assets/liabilities still held(2): Included in earnings: Realized investment gains (losses), net $ 0 $ 0 $ 52 $ 788,607 $ 0 $ (809,087 ) Asset management fees and other income $ 2,283 $ 0 $ 0 $ 0 $ 0 $ 0 (1) Transfers into or out of any level are generally reported as the value as of the beginning of the quarter in which the transfer occurs for any such assets still held at the end of the quarter. (2) Unrealized gains or losses related to assets still held at the end of the period do not include amortization or accretion of premiums and discounts. (3) Other primarily represents reclassifications of certain assets between reporting categories. (4) Prior period amounts have been reclassified to conform to current period presentation, including the adoption of ASU 2015-07. (5) Primarily related to private warrants reclassified from derivatives to trading securities.
Fair Value Disclosure Financial Instruments Not Carried at Fair Value	The table below presents the carrying amount and fair value by fair value hierarchy level of certain financial instruments that are not reported at fair value. The financial instruments presented below are reported at carrying value on the Company’s Unaudited Interim Consolidated Statements of Financial Position; however, in some cases, as described below, the carrying amount equals or approximates fair value. March 31, 2016(1) Fair Value Carrying Amount(2) Level 1 Level 2 Level 3 Total Total (in thousands) Assets: Commercial mortgage and other loans $ 0 $ 8,394 $ 1,720,581 $ 1,728,975 $ 1,641,942 Policy loans 0 0 1,141,331 1,141,331 1,141,331 Cash and cash equivalents 26,937 262,622 0 289,559 289,559 Accrued investment income 0 104,075 0 104,075 104,075 Receivables from parent and affiliates 0 68,009 0 68,009 68,009 Other assets 0 36,060 0 36,060 36,060 Total assets $ 26,937 $ 479,160 $ 2,861,912 $ 3,368,009 $ 3,280,976 Liabilities: Policyholders’ account balances - investment contracts $ 0 $ 994,880 $ 240,957 $ 1,235,837 $ 1,240,597 Cash collateral for loaned securities 0 5,317 0 5,317 5,317 Short-term debt 0 180,335 0 180,335 180,500 Long-term debt 0 1,237,111 0 1,237,111 1,204,000 Payables to parent and affiliates 0 70,195 0 70,195 70,195 Other liabilities 0 291,029 0 291,029 291,029 Total liabilities $ 0 $ 2,778,867 $ 240,957 $ 3,019,824 $ 2,991,638 December 31, 2015(1) Fair Value Carrying Amount(2) Level 1 Level 2 Level 3 Total Total (in thousands) Assets: Commercial mortgage and other loans $ 0 $ 8,540 $ 1,701,951 $ 1,710,491 $ 1,658,235 Policy loans 0 0 1,143,303 1,143,303 1,143,303 Cash and cash equivalents 19,297 156,064 0 175,361 175,361 Accrued investment income 0 100,031 0 100,031 100,031 Receivables from parent and affiliates 0 65,628 0 65,628 65,628 Other assets 0 6,162 0 6,162 6,162 Total assets $ 19,297 $ 336,425 $ 2,845,254 $ 3,200,976 $ 3,148,720 Liabilities: Policyholders’ account balances - investment contracts $ 0 $ 947,853 $ 236,891 $ 1,184,744 $ 1,190,596 Cash collateral for loaned securities 0 40,416 0 40,416 40,416 Short-term debt 0 180,105 0 180,105 180,000 Long-term debt 0 1,227,110 0 1,227,110 1,204,000 Payables to parent and affiliates 0 72,791 0 72,791 72,791 Other liabilities 0 343,089 0 343,089 343,089 Total liabilities $ 0 $ 2,811,364 $ 236,891 $ 3,048,255 $ 3,030,892 (1) As discussed in Note 2 , the Company adopted ASU 2015-07, effective January 1, 2016, which resulted in the exclusion of certain other long-term investments from the fair value hierarchy. The guidance was required to be applied retrospectively, and therefore, prior period amounts have been revised to conform to the current period presentation. At March 31, 2016 and December 31, 2015 , the fair values of these cost method investments were $31 million and $27 million , respectively, which had been previously classified in Level 3 at December 31, 2015 . The carrying values of these investments were $29 million and $26 million as of March 31, 2016 and December 31, 2015 , respectively. (2) Carrying values presented herein differ from those in the Company’s Unaudited Interim Consolidated Statements of Financial Position because certain items within the respective financial statement captions are not considered financial instruments or out of scope under authoritative guidance relating to disclosures of the fair value of financial instruments. Financial statement captions excluded from the above table are not considered financial instruments.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The table below provides a summary of the gross notional amount and fair value of derivative contracts by the primary underlying, excluding embedded derivatives and associated reinsurance recoverables which are recorded with the associated host. Many derivative instruments contain multiple underlyings. The fair value amounts below represent the gross fair value of derivative contracts prior to taking into account the netting effects of master netting agreements, cash collateral held with the same counterparty, and non-performance risk. March 31, 2016 December 31, 2015 Gross Fair Value Gross Fair Value Primary Underlying Notional Assets Liabilities Notional Assets Liabilities (in thousands) Derivatives Designated as Hedge Accounting Instruments: Currency/Interest Rate Foreign Currency Swaps $ 574,628 $ 40,661 $ (10,626 ) $ 529,128 $ 50,877 $ (1,385 ) Total Qualifying Hedges $ 574,628 $ 40,661 $ (10,626 ) $ 529,128 $ 50,877 $ (1,385 ) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 2,797,400 $ 381,028 $ (6,443 ) $ 3,159,400 $ 203,313 $ (8,605 ) Foreign Currency Foreign Currency Forwards 3,756 0 (46 ) 3,722 39 (15 ) Credit Credit Default Swaps 7,275 115 (262 ) 7,275 268 (222 ) Currency/Interest Rate Foreign Currency Swaps 132,403 16,160 (336 ) 122,425 17,079 (71 ) Equity Total Return Swaps 533,801 25 (20,135 ) 542,294 411 (10,451 ) Equity Options 25,388,907 20,046 (7,187 ) 25,345,369 28,668 (12,100 ) Total Non-Qualifying Hedges $ 28,863,542 $ 417,374 $ (34,409 ) $ 29,180,485 $ 249,778 $ (31,464 ) Total Derivatives (1) $ 29,438,170 $ 458,035 $ (45,035 ) $ 29,709,613 $ 300,655 $ (32,849 ) (1) Excludes embedded derivatives and associated reinsurance recoverables which contain multiple underlyings. The fair value of these embedded derivatives was a net liability of $7,099 million and $5,205 million as of March 31, 2016 and December 31, 2015 , respectively, included in “Future policy benefits.” The fair value of the embedded derivatives related to the reinsurance of certain of these benefits to Pruco Re was an asset of $6,312 million and $4,594 million as of March 31, 2016 and December 31, 2015 , included in “Reinsurance recoverables.” The fair value of the embedded derivative related to the no-lapse guarantee with UPARC was an asset of $394 million and $340 million as of March 31, 2016 and December 31, 2015 , respectively, included in "Reinsurance recoverables." The fair value of the reinsurance related to the living benefits guarantee with Union Hamilton Reinsurance, Ltd., an external counterparty, was an asset of $36 million and $7 million as of March 31, 2016 and December 31, 2015 , respectively, and is included in "Reinsurance recoverables." See Note 7 for additional information on the affiliated reinsurance agreements in "Reinsurance with Affiliates."
Offsetting Of Financial Assets	The following table presents recognized derivative instruments (excluding embedded derivatives and associated reinsurance recoverables), and repurchase and reverse repurchase agreements that are offset in the Unaudited Interim Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Unaudited Interim Consolidated Statements of Financial Position. March 31, 2016 Gross Amounts of Recognized Financial Instruments Gross Amounts Offset in the Consolidated Statement of Financial Position Net Amounts Financial Instruments/ Collateral (1) Net Amount (in thousands) Offsetting of Financial Assets: Derivatives (1) $ 458,021 $ (444,724 ) $ 13,297 $ (13,297 ) $ 0 Securities purchased under agreement to resell 263,000 0 263,000 (263,000 ) 0 Total Assets $ 721,021 $ (444,724 ) $ 276,297 $ (276,297 ) $ 0 Offsetting of Financial Liabilities: Derivatives (1) $ 45,035 $ (45,035 ) $ 0 $ 0 $ 0 Securities sold under agreement to repurchase 0 0 0 0 0 Total Liabilities $ 45,035 $ (45,035 ) $ 0 $ 0 $ 0 December 31, 2015 Gross Amounts of Recognized Financial Instruments Gross Amounts Offset in the Consolidated Statement of Financial Position Net Amounts Presented in the Consolidated Statement of Financial Position Financial Net Amount (in thousands) Offsetting of Financial Assets: Derivatives (1) $ 297,371 $ (230,554 ) $ 66,817 $ (15,157 ) $ 51,660 Securities purchased under agreement to resell 156,064 0 156,064 (156,064 ) 0 Total Assets $ 453,435 $ (230,554 ) $ 222,881 $ (171,221 ) $ 51,660 Offsetting of Financial Liabilities: Derivatives (1) $ 32,849 $ (32,849 ) $ 0 $ 0 $ 0 Securities sold under agreement to repurchase 0 0 0 0 0 Total Liabilities $ 32,849 $ (32,849 ) $ 0 $ 0 $ 0 (1) Amounts exclude the excess of collateral received/pledged from/to the counterparty.
Offsetting Of Financial Liabilities	The following table presents recognized derivative instruments (excluding embedded derivatives and associated reinsurance recoverables), and repurchase and reverse repurchase agreements that are offset in the Unaudited Interim Consolidated Statements of Financial Position, and/or are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in the Unaudited Interim Consolidated Statements of Financial Position. March 31, 2016 Gross Amounts of Recognized Financial Instruments Gross Amounts Offset in the Consolidated Statement of Financial Position Net Amounts Financial Instruments/ Collateral (1) Net Amount (in thousands) Offsetting of Financial Assets: Derivatives (1) $ 458,021 $ (444,724 ) $ 13,297 $ (13,297 ) $ 0 Securities purchased under agreement to resell 263,000 0 263,000 (263,000 ) 0 Total Assets $ 721,021 $ (444,724 ) $ 276,297 $ (276,297 ) $ 0 Offsetting of Financial Liabilities: Derivatives (1) $ 45,035 $ (45,035 ) $ 0 $ 0 $ 0 Securities sold under agreement to repurchase 0 0 0 0 0 Total Liabilities $ 45,035 $ (45,035 ) $ 0 $ 0 $ 0 December 31, 2015 Gross Amounts of Recognized Financial Instruments Gross Amounts Offset in the Consolidated Statement of Financial Position Net Amounts Presented in the Consolidated Statement of Financial Position Financial Net Amount (in thousands) Offsetting of Financial Assets: Derivatives (1) $ 297,371 $ (230,554 ) $ 66,817 $ (15,157 ) $ 51,660 Securities purchased under agreement to resell 156,064 0 156,064 (156,064 ) 0 Total Assets $ 453,435 $ (230,554 ) $ 222,881 $ (171,221 ) $ 51,660 Offsetting of Financial Liabilities: Derivatives (1) $ 32,849 $ (32,849 ) $ 0 $ 0 $ 0 Securities sold under agreement to repurchase 0 0 0 0 0 Total Liabilities $ 32,849 $ (32,849 ) $ 0 $ 0 $ 0 (1) Amounts exclude the excess of collateral received/pledged from/to the counterparty.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The following tables provide the financial statement classification and impact of derivatives used in qualifying and non-qualifying hedge relationships, excluding the offset of the hedged item in an effective hedge relationship. Three Months Ended March 31, 2016 Realized Investment Gains/(Losses) Net Investment Income Other Income AOCI (1) (in thousands) Derivatives Designated as Hedge Accounting Instruments: Cash flow hedges Currency/Interest Rate $ 0 $ 1,405 $ (1,899 ) $ (17,099 ) Total cash flow hedges 0 1,405 (1,899 ) (17,099 ) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 189,927 0 0 0 Currency (126 ) 0 0 0 Currency/Interest Rate (1,095 ) 0 (10 ) 0 Credit (241 ) 0 0 0 Equity (3,314 ) 0 0 0 Embedded Derivatives (115,504 ) 0 0 0 Total non-qualifying hedges 69,647 0 (10 ) 0 Total $ 69,647 $ 1,405 $ (1,909 ) $ (17,099 ) Three Months Ended March 31, 2015 Realized Investment Gains/(Losses) Net Investment Income Other Income AOCI (1) (in thousands) Derivatives Designated as Hedge Accounting Instruments: Cash flow hedges Currency/Interest Rate $ 0 $ 537 $ 1,264 $ 24,696 Total cash flow hedges 0 537 1,264 24,696 Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 115,132 0 0 0 Currency 136 0 0 0 Currency/Interest Rate 8,265 0 135 0 Credit (75 ) 0 0 0 Equity (15,324 ) 0 0 0 Embedded Derivatives (51,414 ) 0 0 0 Total non-qualifying hedges 56,720 0 135 0 Total $ 56,720 $ 537 $ 1,399 $ 24,696 (1) Amounts deferred in AOCI.
Schedule of Derivative Instruments Recognized in Accumulated Other Comprehensive Income (Loss) Before Taxes	Presented below is a roll forward of current period cash flow hedges in “Accumulated other comprehensive income (loss)” before taxes: (in thousands) Balance, December 31, 2015 $ 48,271 Net deferred gains (losses) on cash flow hedges from January 1 to March 31, 2016 (17,926 ) Amounts reclassified into current period earnings 827 Balance, March 31, 2016 $ 31,172

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Reinsurance Table	Reinsurance amounts included in the Company’s Unaudited Interim Consolidated Statements of Financial Position as of March 31, 2016 and December 31, 2015 were as follows: March 31, 2016 December 31, 2015 (in thousands) Reinsurance recoverable $ 24,780,544 $ 22,546,361 Policy loans (77,784 ) (75,697 ) Deferred policy acquisition costs (2,098,908 ) (2,122,349 ) Other assets 35,117 35,616 Policyholders’ account balances 4,905,603 5,020,230 Future policy benefits and other policyholder liabilities 2,715,376 2,380,215 Other liabilities (reinsurance payables) 446,846 494,660
Reinsurance Table By Affiliate	The reinsurance recoverables by counterparty is broken out below. March 31, 2016 December 31, 2015 (in thousands) UPARC $ 427,999 $ 376,660 PAR U 10,002,215 9,797,733 PURC 2,351,566 2,251,692 PARCC 2,568,479 2,560,798 PAR Term 1,261,597 1,226,761 Term Re 376,564 298,002 Prudential Insurance 200,442 226,926 Pruco Re 6,312,862 4,594,412 Prudential of Taiwan 1,206,591 1,169,664 Unaffiliated 72,229 43,713 Total reinsurance recoverables $ 24,780,544 $ 22,546,361
Reinsurance Impact On Income Statement	Reinsurance amounts, excluding investment gains (losses) on affiliated asset transfers, included in the Company’s Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss) for the three months ended March 31, 2016 and 2015 were as follows: Three Months Ended March 31, 2016 2015 (in thousands) Premiums: Direct $ 391,180 $ 366,243 Assumed 148 0 Ceded (373,413 ) (350,606 ) Net premiums 17,915 15,637 Policy charges and fee income: Direct 734,977 732,565 Assumed 194,313 168,786 Ceded (401,883 ) (360,586 ) Net policy charges and fee income 527,407 540,765 Net investment income: Direct 106,137 104,049 Assumed 345 329 Ceded (1,030 ) (958 ) Net investment income 105,452 103,420 Other income: Direct 11,695 12,527 Assumed & Ceded 1,827 4,690 Net other income 13,522 17,217 Interest credited to policyholders’ account balances: Direct 213,482 142,405 Assumed 33,835 32,714 Ceded (60,886 ) (57,642 ) Net interest credited to policyholders’ account balances 186,431 117,477 Policyholders’ benefits (including change in reserves): Direct 609,636 480,655 Assumed 260,876 235,461 Ceded (771,984 ) (657,715 ) Net policyholders’ benefits (including change in reserves) 98,528 58,401 Realized investment gains (losses), net: Direct (1,534,352 ) (666,435 ) Assumed (39 ) 0 Ceded 1,589,542 725,460 Realized investment gains (losses), net 55,151 59,025 Net reinsurance expense allowances, net of capitalization and amortization $ (93,929 ) $ (69,712 )
Gross and Net Life Insurance in Force	The gross and net amounts of life insurance face amount in force as of March 31, 2016 and 2015 were as follows: March 31, 2016 March 31, 2015 (in thousands) Direct gross life insurance face amount in force $ 783,961,855 $ 724,268,816 Assumed gross life insurance face amount in force 43,367,167 44,296,568 Reinsurance ceded (765,067,750 ) (708,312,995 ) Net life insurance face amount in force $ 62,261,272 $ 60,252,389
Affiliated Asset Transfer	The table below shows affiliated asset trades as of March 31, 2016 and December 31, 2015 . Affiliate Date Transaction Security Type Fair Value Book Value APIC, Net of Tax Increase/(Decrease) Realized Investment Gain/(Loss), Net Derivative Gain/(Loss) (in millions) Prudential Insurance March-15 Purchase Fixed Maturities & Trading Account Assets $ 92 $ 74 $ (12 ) $ 0 $ 0 Prudential Insurance June-15 Purchase Fixed Maturities $ 11 $ 10 $ (1 ) $ 0 $ 0 Prudential Insurance March-16 Sale Fixed Maturities & Short-Term Investments $ 89 $ 89 $ (1 ) $ 0 $ 0
Debt Agreements	The following table provides the breakout of the Company’s short-term and long-term debt with affiliates: Affiliate Date Issued Amount of Notes - March 31, 2016 Amount of Notes - December 31, 2015 Interest Rate Date of Maturity (in thousands) Prudential Financial 12/15/2011 $ 11,000 $ 11,000 3.61 % 12/15/2016 Prudential Financial 12/16/2011 11,000 11,000 3.61 % 12/16/2016 Prudential Financial 11/15/2013 9,000 9,000 2.24 % 12/15/2018 Prudential Financial 11/15/2013 23,000 23,000 3.19 % 12/15/2020 Prudential Insurance 12/6/2013 120,000 120,000 2.60 % 12/15/2018 Prudential Insurance 12/6/2013 130,000 130,000 4.39 % 12/15/2023 Prudential Insurance 12/6/2013 250,000 250,000 3.64 % 12/15/2020 Prudential Insurance 9/25/2014 30,000 30,000 1.89 % 6/20/2017 Prudential Insurance 9/25/2014 40,000 40,000 3.95 % 6/20/2024 Prudential Insurance 9/25/2014 20,000 20,000 2.80 % 6/20/2019 Prudential Insurance 9/25/2014 50,000 50,000 3.95 % 6/20/2024 Prudential Insurance 9/25/2014 50,000 50,000 2.80 % 6/20/2019 Prudential Insurance 9/25/2014 100,000 100,000 3.47 % 6/20/2021 Prudential Insurance 9/25/2014 100,000 100,000 3.95 % 6/20/2024 Prudential Financial 12/15/2014 5,000 5,000 2.57 % 12/15/2019 Prudential Financial 12/15/2014 23,000 23,000 3.14 % 12/15/2021 Prudential Financial 6/15/2015 66,000 66,000 3.52 % 6/15/2022 Prudential Financial 6/15/2015 6,000 6,000 2.86 % 6/15/2020 Prudential Financial 9/21/2015 158,000 158,000 1.09 % - 1.63 % 6/15/2016 - 6/15/2017 Prudential Financial 9/21/2015 132,000 132,000 1.40 % - 1.93 % 12/17/2016 - 12/17/2017 Prudential Financial 9/21/2015 26,000 26,000 1.40 % - 1.93 % 12/17/2016 - 12/17/2017 Prudential Financial 12/16/2015 5,000 5,000 2.85 % 12/16/2020 Prudential Financial 12/16/2015 1,000 1,000 2.85 % 12/16/2020 Prudential Financial 12/16/2015 18,000 18,000 3.37 % 12/16/2022 Prudential Funding 3/31/2016 500 0 0.48 % 4/1/2016 Total Loans Payable to Affiliates $ 1,384,500 $ 1,384,000

Business and Basis of Present19

Business and Basis of Presentation (Details)	3 Months Ended
	Mar. 31, 2016subsidiary
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of Subsidiaries	2

Investments (Fixed Maturities a

Investments (Fixed Maturities and Equity Securities Excluding Investments Classified as Trading) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost	$ 7,120,844	$ 6,775,806
Amortized Cost	59,599	54,609
Corporate securities	7,412,357	6,840,932
Fair Value	57,578	51,973
Net unrealized gains on impaired securities relating to changes in value of securities subsequent to the impairment measurement date	9,000	9,000
Fixed maturities, available-for-sale
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost	7,120,844	6,775,806
Gross Unrealized Gains	360,764	217,935
Gross Unrealized Losses	69,251	152,809
Corporate securities	7,412,357	6,840,932
OTTI in AOCI	(3,975)	(3,963)
Fixed maturities, available-for-sale | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost	165,404	87,107
Gross Unrealized Gains	11,764	7,170
Gross Unrealized Losses	1	228
Corporate securities	177,167	94,049
OTTI in AOCI	0	0
Fixed maturities, available-for-sale | Obligations of U.S. states and their political subdivisions
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost	631,330	602,508
Gross Unrealized Gains	39,057	24,219
Gross Unrealized Losses	184	1,958
Corporate securities	670,203	624,769
OTTI in AOCI	0	0
Fixed maturities, available-for-sale | Foreign government bonds
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost	95,589	70,107
Gross Unrealized Gains	4,019	3,094
Gross Unrealized Losses	640	2,791
Corporate securities	98,968	70,410
OTTI in AOCI	0	0
Fixed maturities, available-for-sale | Public utilities
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost	839,673	790,038
Gross Unrealized Gains	57,342	30,862
Gross Unrealized Losses	4,932	18,402
Corporate securities	892,083	802,498
OTTI in AOCI	0	0
Fixed maturities, available-for-sale | Redeemable preferred stock
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost	17,345	5,316
Gross Unrealized Gains	2,079	1,530
Gross Unrealized Losses	156	145
Corporate securities	19,268	6,701
OTTI in AOCI	0	0
Fixed maturities, available-for-sale | All other U.S. public corporate securities
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost	2,280,085	2,138,358
Gross Unrealized Gains	139,206	81,905
Gross Unrealized Losses	24,873	61,142
Corporate securities	2,394,418	2,159,121
OTTI in AOCI	(191)	(217)
Fixed maturities, available-for-sale | All other U.S. private corporate securities
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost	1,121,831	1,085,345
Gross Unrealized Gains	38,499	26,299
Gross Unrealized Losses	8,461	13,963
Corporate securities	1,151,869	1,097,681
OTTI in AOCI	(224)	0
Fixed maturities, available-for-sale | All other foreign public corporate securities
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost	268,944	270,063
Gross Unrealized Gains	12,143	8,230
Gross Unrealized Losses	3,353	6,508
Corporate securities	277,734	271,785
OTTI in AOCI	0	0
Fixed maturities, available-for-sale | All other foreign private corporate securities
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost	784,955	784,283
Gross Unrealized Gains	18,316	9,933
Gross Unrealized Losses	23,873	42,528
Corporate securities	779,398	751,688
OTTI in AOCI	0	0
Fixed maturities, available-for-sale | Asset-backed securities
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost	350,399	431,578
Gross Unrealized Gains	5,866	6,203
Gross Unrealized Losses	2,679	2,650
Corporate securities	353,586	435,131
OTTI in AOCI	(2,903)	(3,056)
Fixed maturities, available-for-sale | Commercial mortgage-backed securities
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost	455,185	396,160
Gross Unrealized Gains	23,655	10,614
Gross Unrealized Losses	62	2,429
Corporate securities	478,778	404,345
OTTI in AOCI	0	0
Fixed maturities, available-for-sale | Residential mortgage-backed securities
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost	110,104	114,943
Gross Unrealized Gains	8,818	7,876
Gross Unrealized Losses	37	65
Corporate securities	118,885	122,754
OTTI in AOCI	(657)	(690)
Equity securities, available-for-sale
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost	59,599	54,609
Gross Unrealized Gains	840	423
Gross Unrealized Losses	2,861	3,059
Fair Value	57,578	51,973
Equity securities, available-for-sale | Public utilities
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost	66	66
Gross Unrealized Gains	2	2
Gross Unrealized Losses	25	29
Fair Value	43	39
Equity securities, available-for-sale | Industrial, miscellaneous & other
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost	0	0
Gross Unrealized Gains	150	165
Gross Unrealized Losses	0	0
Fair Value	150	165
Equity securities, available-for-sale | Mutual funds
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost	59,533	54,543
Gross Unrealized Gains	688	256
Gross Unrealized Losses	2,836	3,030
Fair Value	57,385	51,769
Equity securities, available-for-sale | Non-redeemable preferred stocks
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost	0	0
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	$ 0	$ 0

Investments (Amortized Cost and

Investments (Amortized Cost and Fair Value of Fixed Maturities by Contractual Maturities) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Available for Sale Amortized Cost
Due in one year or less	$ 477,002
Due after one year through five years	1,199,786
Due after five years through ten years	1,432,613
Due after ten years	3,095,755
Amortized Cost	7,120,844	$ 6,775,806
Available for Sale Securities Fair Value
Due in one year or less	481,347
Due after one year through five years	1,248,874
Due after five years through ten years	1,475,328
Due after ten years	3,255,559
Corporate securities	7,412,357	$ 6,840,932
Commercial mortgage-backed securities
Available for Sale Amortized Cost
Debt Maturities, without single maturity date	455,185
Available for Sale Securities Fair Value
Debt Maturities, without Single Maturity Date	478,778
Residential mortgage-backed securities
Available for Sale Amortized Cost
Debt Maturities, without single maturity date	110,104
Available for Sale Securities Fair Value
Debt Maturities, without Single Maturity Date	118,885
Asset-backed securities
Available for Sale Amortized Cost
Debt Maturities, without single maturity date	350,399
Available for Sale Securities Fair Value
Debt Maturities, without Single Maturity Date	$ 353,586

Investments (Fixed Maturities P

Investments (Fixed Maturities Proceeds) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Fixed maturities, available-for-sale
Available For Sale
Proceeds from sales	$ 279,272	$ 88,320
Proceeds from maturities/repayments	169,867	151,823
Gross investment gains from sales, prepayments and maturities	2,794	2,517
Gross investment losses from sales and maturities	(1,568)	(391)
Fixed maturity and equity security impairments
Net writedowns for OTTI losses on fixed maturities recognized in earnings	(16,150)	(12)
Equity securities, available-for-sale
Available For Sale
Proceeds from sales	10	0
Gross investment gains from sales, prepayments and maturities	0	0
Gross investment losses from sales and maturities	0	0
Fixed maturity and equity security impairments
Writedowns for impairments on equity securities	$ 0	$ 0

Investments (Credit Losses Reco

Investments (Credit Losses Recognized In Earnings on Fixed Maturity Securities Held by the Company) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance, beginning of period	$ 7,041	$ 8,729
Credit loss impairments previously recognized on securities which matured, paid down, prepaid or were sold during the period	(907)	(64)
Credit loss impairments previously recognized on securities impaired to fair value during the period	(670)	0
Credit loss impairments recognized in the current period on securities not previously impaired	420	0
Additional credit loss impairments recognized in the current period on securities previously impaired	0	12
Increases due to the passage of time on previously recorded credit losses	53	37
Accretion of credit loss impairments previously recognized due to an increase in cash flows expected to be collected	(79)	(86)
Balance, end of period	$ 5,858	$ 8,628

Investments (Trading Account As

Investments (Trading Account Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Major Types of Investment Securities [Line Items]
Amortized Cost	$ 66,416	$ 65,326
Fair Value	67,862	64,612
Fixed maturities
Major Types of Investment Securities [Line Items]
Amortized Cost	50,585	50,565
Fair Value	45,663	46,364
Equity securities
Major Types of Investment Securities [Line Items]
Amortized Cost	15,831	14,761
Fair Value	$ 22,199	$ 18,248

Investments (Narrative) (Detail

Investments (Narrative) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Investment [Line Items]
Net change in unrealized gains (losses) from trading account assets supporting insurance liabilities	$ 2,200,000	$ (600,000)
% of Total	100.00%		100.00%
Investment Grade Securities Gross Unrealized Losses	$ 53,300,000		$ 133,600,000
Gross unrealized losses related to other than high or highest quality securities	15,900,000		19,200,000
Available For Sale Securities Continuous Unrealized Loss Twelve Months Or Longer	40,600,000		50,400,000
Securities Loaned, Including Not Subject To Master Netting Arrangement And Assets Other Than Securities Transferred	5,000,000		40,000,000
Maturity Overnight
Investment [Line Items]
Securities Loaned, Including Not Subject To Master Netting Arrangement And Assets Other Than Securities Transferred			38,000,000
Maturity Less than 30 Days
Investment [Line Items]
Securities Loaned, Including Not Subject To Master Netting Arrangement And Assets Other Than Securities Transferred			2,000,000
Corporate securities
Investment [Line Items]
Securities Loaned, Including Not Subject To Master Netting Arrangement And Assets Other Than Securities Transferred	2,000,000		33,000,000
Foreign government bonds
Investment [Line Items]
Securities Loaned, Including Not Subject To Master Netting Arrangement And Assets Other Than Securities Transferred	3,000,000		7,000,000
Equity securities
Investment [Line Items]
Gross unrealized losses representing declines in value of greater than 20% (less than in 2015)	$ 0		$ 0
California
Investment [Line Items]
% of Total	24.00%
Texas
Investment [Line Items]
% of Total	12.00%
New Jersey
Investment [Line Items]
% of Total	9.00%

Investments (Commercial Mortgag

Investments (Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Servicing Assets at Fair Value [Line Items]
Commercial mortgage and agricultural property loans by property type:	$ 1,635,622	$ 1,652,476
Valuation allowance	(2,090)	(2,651)
Total net commercial mortgage and agricultural property loans by property type	1,633,532	1,649,825
Total other loans	8,410	8,410
Valuation allowance	0	0
Total commercial mortgage and other loans	$ 1,641,942	$ 1,658,235
% of Total	100.00%	100.00%
Total commercial mortgage loans
Servicing Assets at Fair Value [Line Items]
Commercial mortgage and agricultural property loans by property type:	$ 1,532,136	$ 1,545,853
% of Total	93.70%	93.50%
Uncollateralized loans
Servicing Assets at Fair Value [Line Items]
Total other loans	$ 8,410	$ 8,410
Retail
Servicing Assets at Fair Value [Line Items]
Commercial mortgage and agricultural property loans by property type:	$ 387,326	$ 440,767
% of Total	23.70%	26.70%
Apartments/Multi-Family
Servicing Assets at Fair Value [Line Items]
Commercial mortgage and agricultural property loans by property type:	$ 467,242	$ 445,379
% of Total	28.60%	27.00%
Industrial
Servicing Assets at Fair Value [Line Items]
Commercial mortgage and agricultural property loans by property type:	$ 252,402	$ 254,884
% of Total	15.40%	15.40%
Office
Servicing Assets at Fair Value [Line Items]
Commercial mortgage and agricultural property loans by property type:	$ 252,435	$ 226,332
% of Total	15.40%	13.60%
Other
Servicing Assets at Fair Value [Line Items]
Commercial mortgage and agricultural property loans by property type:	$ 102,552	$ 92,581
% of Total	6.30%	5.60%
Hospitality
Servicing Assets at Fair Value [Line Items]
Commercial mortgage and agricultural property loans by property type:	$ 70,179	$ 85,910
% of Total	4.30%	5.20%
Agricultural property loans
Servicing Assets at Fair Value [Line Items]
Commercial mortgage and agricultural property loans by property type:	$ 103,486	$ 106,623
% of Total	6.30%	6.50%

Investments (Allowance for Loss

Investments (Allowance for Losses) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, beginning of year	$ 2,651	$ 4,154
Addition to (release of) allowance for losses	(561)	(1,503)
Charge-offs, net of recoveries	0	0
Total ending balance	2,090	2,651
Commercial Mortgage Loans
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, beginning of year	2,587	4,071
Addition to (release of) allowance for losses	(556)	(1,484)
Charge-offs, net of recoveries	0	0
Total ending balance	2,031	2,587
Agricultural Property Loans
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, beginning of year	64	83
Addition to (release of) allowance for losses	(5)	(19)
Charge-offs, net of recoveries	0	0
Total ending balance	59	64
Uncollateralized Loans
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, beginning of year	0	0
Addition to (release of) allowance for losses	0	0
Charge-offs, net of recoveries	0	0
Total ending balance	$ 0	$ 0

Investments (Allowance for Cred

Investments (Allowance for Credit Losses and Recorded Investment in Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Allowance for Credit Losses:
Individually evaluated for impairment	$ 0	$ 0
Collectively evaluated for impairment	2,090	2,651
Total ending balance	2,090	2,651
Recorded Investment:
Gross of reserves: individually evaluated for impairment	287	287
Gross of reserves: collectively evaluated for impairment	1,643,745	1,660,599
Total ending balance, gross of reserves	1,644,032	1,660,886
Loans acquired with deteriorated credit quality
Allowance for Credit Losses:
Total ending balance	0	0
Recorded Investment:
Total ending balance, gross of reserves	0	0
Commercial Mortgage Loans
Allowance for Credit Losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	2,031	2,587
Total ending balance	2,031	2,587
Recorded Investment:
Gross of reserves: individually evaluated for impairment	0	0
Gross of reserves: collectively evaluated for impairment	1,532,136	1,545,853
Total ending balance, gross of reserves	1,532,136	1,545,853
Commercial Mortgage Loans | Loans acquired with deteriorated credit quality
Allowance for Credit Losses:
Total ending balance	0	0
Recorded Investment:
Total ending balance, gross of reserves	0	0
Agricultural Property Loans
Allowance for Credit Losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	59	64
Total ending balance	59	64
Recorded Investment:
Gross of reserves: individually evaluated for impairment	287	287
Gross of reserves: collectively evaluated for impairment	103,199	106,336
Total ending balance, gross of reserves	103,486	106,623
Agricultural Property Loans | Loans acquired with deteriorated credit quality
Allowance for Credit Losses:
Total ending balance	0	0
Recorded Investment:
Total ending balance, gross of reserves	0	0
Uncollateralized Loans
Allowance for Credit Losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	0	0
Total ending balance	0	0
Recorded Investment:
Gross of reserves: individually evaluated for impairment	0	0
Gross of reserves: collectively evaluated for impairment	8,410	8,410
Total ending balance, gross of reserves	8,410	8,410
Uncollateralized Loans | Loans acquired with deteriorated credit quality
Allowance for Credit Losses:
Total ending balance	0	0
Recorded Investment:
Total ending balance, gross of reserves	$ 0	$ 0

Investments (Impaired Loans) (D

Investments (Impaired Loans) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Valuation and Qualifying Accounts Disclosure [Line Items]
Recorded Investment	$ 0	$ 0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment Before Allowance	0	12,700
Interest Income Recognized	0	769
With no related allowance recorded
Valuation and Qualifying Accounts Disclosure [Line Items]
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment Before Allowance	0	0
Interest Income Recognized	0	0
With an allowance recorded
Valuation and Qualifying Accounts Disclosure [Line Items]
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment Before Allowance	0	12,700
Interest Income Recognized	$ 0	$ 769

Investments (Credit Quality Ind

Investments (Credit Quality Indicators) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	$ 1,644,032	$ 1,660,886
Greater than 1.2X | 0%-59.99% | Commercial Mortgage and Agricultural Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	978,771	1,004,751
Greater than 1.2X | 60%-69.99% | Commercial Mortgage and Agricultural Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	396,369	378,799
Greater than 1.2X | 70%-79.99% | Commercial Mortgage and Agricultural Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	204,064	197,208
Greater than 1.2X | Greater than 80% | Commercial Mortgage and Agricultural Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	0	0
Greater than 1.2X | Total | Commercial Mortgage and Agricultural Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	1,579,204	1,580,758
1.0X to 1.2X | 0%-59.99% | Commercial Mortgage and Agricultural Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	22,821	35,579
1.0X to 1.2X | 60%-69.99% | Commercial Mortgage and Agricultural Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	16,769	4,969
1.0X to 1.2X | 70%-79.99% | Commercial Mortgage and Agricultural Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	13,617	12,471
1.0X to 1.2X | Greater than 80% | Commercial Mortgage and Agricultural Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	2,924	2,938
1.0X to 1.2X | Total | Commercial Mortgage and Agricultural Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	56,131	55,957
Less than 1.0X | 0%-59.99% | Commercial Mortgage and Agricultural Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	287	6,762
Less than 1.0X | 60%-69.99% | Commercial Mortgage and Agricultural Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	0	4,016
Less than 1.0X | 70%-79.99% | Commercial Mortgage and Agricultural Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	0	0
Less than 1.0X | Greater than 80% | Commercial Mortgage and Agricultural Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	0	4,983
Less than 1.0X | Total | Commercial Mortgage and Agricultural Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	287	15,761
Total | 0%-59.99% | Commercial Mortgage and Agricultural Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	1,001,879	1,047,092
Total | 60%-69.99% | Commercial Mortgage and Agricultural Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	413,138	387,784
Total | 70%-79.99% | Commercial Mortgage and Agricultural Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	217,681	209,679
Total | Greater than 80% | Commercial Mortgage and Agricultural Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	2,924	7,921
Total | Total | Commercial Mortgage and Agricultural Loans
Credit Quality Indicators [Line Items]
Total commercial mortgage and agricultural property loans	$ 1,635,622	$ 1,652,476

Investments (Analysis of Past D

Investments (Analysis of Past Due Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Servicing Liabilities at Fair Value [Line Items]
Current	$ 1,643,745	$ 1,660,599
Total Commercial Mortgage and Other Loans	1,644,032	1,660,886
Non-Accrual Status	287	0
30-59 Days Past Due
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	287
60-89 Days Past Due
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	0
Greater than 90 Days
Servicing Liabilities at Fair Value [Line Items]
Past Due	287	0
Commercial mortgage loans
Servicing Liabilities at Fair Value [Line Items]
Current	1,532,136	1,545,853
Total Commercial Mortgage and Other Loans	1,532,136	1,545,853
Non-Accrual Status	0	0
Commercial mortgage loans | 30-59 Days Past Due
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	0
Commercial mortgage loans | 60-89 Days Past Due
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	0
Commercial mortgage loans | Greater than 90 Days
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	0
Agricultural property loans
Servicing Liabilities at Fair Value [Line Items]
Current	103,199	106,336
Total Commercial Mortgage and Other Loans	103,486	106,623
Non-Accrual Status	287	0
Agricultural property loans | 30-59 Days Past Due
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	287
Agricultural property loans | 60-89 Days Past Due
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	0
Agricultural property loans | Greater than 90 Days
Servicing Liabilities at Fair Value [Line Items]
Past Due	287	0
Uncollateralized loans
Servicing Liabilities at Fair Value [Line Items]
Current	8,410	8,410
Total Commercial Mortgage and Other Loans	8,410	8,410
Non-Accrual Status	0	0
Uncollateralized loans | 30-59 Days Past Due
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	0
Uncollateralized loans | 60-89 Days Past Due
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	0
Uncollateralized loans | Greater than 90 Days
Servicing Liabilities at Fair Value [Line Items]
Past Due	$ 0	$ 0

Investments (Net Investment Inc

Investments (Net Investment Income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 111,597	$ 108,808
Less: investment expenses	(6,145)	(5,388)
Net investment income	105,452	103,420
Fixed maturities, available-for-sale
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	75,710	63,938
Equity securities, available-for-sale
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	0	1
Trading account assets
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	759	512
Commercial mortgage and other loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	19,773	20,897
Policy loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	15,498	15,115
Short-term investments and cash equivalents
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	737	275
Other long-term investments
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ (880)	$ 8,070

Investments (Realized Investmen

Investments (Realized Investment Gains Losses Net) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	$ 55,151	$ 59,025
Fixed maturities
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	(14,924)	2,114
Equity securities
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	0	0
Commercial mortgage and other loans
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	562	151
Joint ventures and limited partnerships
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	(148)	38
Derivatives
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	69,647	56,720
Other
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	$ 14	$ 2

Investments (Balance of and Cha

Investments (Balance of and Changes in AOCI Components) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance	$ 64,805
Income tax benefit (expense)	44,095	$ (13,346)
Balance	180,132		$ 64,805
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance	(397)	(67)	(67)
Change in OCI before reclassifications	219	(520)
Amounts reclassified from AOCI	0	0
Income tax benefit (expense)	(76)	182
Balance	(254)	(405)	(397)	$ (67)
Total net unrealized investment gains (losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance	65,202	178,758	178,758
Change in OCI before reclassifications	162,282	81,731
Amounts reclassified from AOCI	14,924	(2,114)
Income tax benefit (expense)	(62,022)	(27,866)
Balance	180,386	230,509	65,202	178,758
Cash Flow Hedge Gain (Loss) To AOCI	31,000	36,000	48,000	12,000
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance	64,805	178,691	178,691
Change in OCI before reclassifications	162,501	81,211
Amounts reclassified from AOCI	14,924	(2,114)
Income tax benefit (expense)	(62,098)	(27,684)
Balance	$ 180,132	$ 230,104	$ 64,805	$ 178,691

Investments (Reclassifications

Investments (Reclassifications of AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flow hedges - Currency/Interest rate
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from AOCI	$ (827)	$ 1,801
Net unrealized investments gains (losses) on available-for-sale securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from AOCI	(14,097)	313
Total net unrealized investment gains (losses)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from AOCI	(14,924)	2,114
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from AOCI	$ (14,924)	$ 2,114

Investments (Net Unrealized Inv

Investments (Net Unrealized Investment Gains and Losses on Fixed Maturity Securities on which an OTTI loss) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance	$ 64,805
Balance	180,132
Securities Related to Other Than Temporary Impairments | Net Unrealized Gains (Losses) on Investments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance	5,196
Net investment gains (losses) on investments arising during the period	96
Reclassification adjustment for (gains) losses included in net income	(111)
Reclassification adjustment for OTTI losses excluded from net income	(485)
Impact of net unrealized investment (gains) losses on DAC and other costs	0
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	0
Balance	4,696
Securities Related to Other Than Temporary Impairments | DAC and Other Costs
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance	(1,350)
Net investment gains (losses) on investments arising during the period	0
Reclassification adjustment for (gains) losses included in net income	0
Reclassification adjustment for OTTI losses excluded from net income	0
Impact of net unrealized investment (gains) losses on DAC and other costs	118
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	0
Balance	(1,232)
Securities Related to Other Than Temporary Impairments | Future Policy Benefits and Policyholders’ Account Balances
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance	1,114
Net investment gains (losses) on investments arising during the period	0
Reclassification adjustment for (gains) losses included in net income	0
Reclassification adjustment for OTTI losses excluded from net income	0
Impact of net unrealized investment (gains) losses on DAC and other costs	0
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	(147)
Balance	967
Securities Related to Other Than Temporary Impairments | Deferred Income Tax (Liability) Benefit
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance	(1,767)
Net investment gains (losses) on investments arising during the period	(34)
Reclassification adjustment for (gains) losses included in net income	39
Reclassification adjustment for OTTI losses excluded from net income	170
Impact of net unrealized investment (gains) losses on DAC and other costs	(41)
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	51
Balance	(1,582)
Securities Related to Other Than Temporary Impairments | Accumulated Other Comprehensive Income (Loss) Related To Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance	3,193
Net investment gains (losses) on investments arising during the period	62
Reclassification adjustment for (gains) losses included in net income	(72)
Reclassification adjustment for OTTI losses excluded from net income	(315)
Impact of net unrealized investment (gains) losses on DAC and other costs	77
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	(96)
Balance	$ 2,849

Investments (All Other Net Unre

Investments (All Other Net Unrealized Investment Gains and Losses in AOCI) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance	$ 64,805
Balance	180,132
Other Net Unrealized Investment Gains and Losses | Net Unrealized Gains (Losses) on Investments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance	111,837
Net investment gains (losses) on investments arising during the period	196,014
Reclassification adjustment for (gains) losses included in net income	15,035
Reclassification adjustment for OTTI losses excluded from net income	485
Impact of net unrealized investment (gains) losses on DAC and other costs	0
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	0
Balance	323,371
Other Net Unrealized Investment Gains and Losses | DAC and Other Costs
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance	(19,252)
Net investment gains (losses) on investments arising during the period	0
Reclassification adjustment for (gains) losses included in net income	0
Reclassification adjustment for OTTI losses excluded from net income	0
Impact of net unrealized investment (gains) losses on DAC and other costs	(59,669)
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	0
Balance	(78,921)
Other Net Unrealized Investment Gains and Losses | Future Policy Benefits and Policyholders’ Account Balances
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance	2,647
Net investment gains (losses) on investments arising during the period	0
Reclassification adjustment for (gains) losses included in net income	0
Reclassification adjustment for OTTI losses excluded from net income	0
Impact of net unrealized investment (gains) losses on DAC and other costs	0
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	25,870
Balance	28,517
Other Net Unrealized Investment Gains and Losses | Deferred Income Tax (Liability) Benefit
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance	(33,223)
Net investment gains (losses) on investments arising during the period	(68,604)
Reclassification adjustment for (gains) losses included in net income	(5,262)
Reclassification adjustment for OTTI losses excluded from net income	(170)
Impact of net unrealized investment (gains) losses on DAC and other costs	20,884
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	(9,055)
Balance	(95,430)
Other Net Unrealized Investment Gains and Losses | Total net unrealized investment gains (losses)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance	62,009
Net investment gains (losses) on investments arising during the period	127,410
Reclassification adjustment for (gains) losses included in net income	9,773
Reclassification adjustment for OTTI losses excluded from net income	315
Impact of net unrealized investment (gains) losses on DAC and other costs	(38,785)
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	16,815
Balance	$ 177,537

Investments (Net Unrealized Gai

Investments (Net Unrealized Gains Losses on Investments by Asset Class) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Investment [Line Items]
Net unrealized gains (losses) on investments	$ 328,067	$ 117,033
Derivatives designated as cash flow hedges
Investment [Line Items]
Net unrealized gains (losses) on investments	31,172	48,271
Fixed maturities | Available-for-sale Securities
Investment [Line Items]
Net unrealized gains (losses) on investments	286,817	59,930
Equity securities, available-for-sale | Available-for-sale Securities
Investment [Line Items]
Net unrealized gains (losses) on investments	(2,021)	(2,636)
Other investments
Investment [Line Items]
Net unrealized gains (losses) on investments	7,403	6,272
Securities Related to Other Than Temporary Impairments | Fixed maturities | Available-for-sale Securities
Investment [Line Items]
Net unrealized gains (losses) on investments	$ 4,696	$ 5,196

Investments (Fair Value and Los

Investments (Fair Value and Losses by Investment Category and Length of Time in a Loss Position) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months Fair Value	$ 763,993	$ 2,380,194
Less than 12 months Gross Unrealized Losses	28,676	102,402
Twelve months or more Fair Value	479,608	366,405
Twelve months or more Gross Unrealized Losses	40,575	50,407
Total Fair Value	1,243,601	2,746,599
Total Gross Unrealized Losses	69,251	152,809
U.S. Treasury securities and obligations of U.S. government authorities and agencies
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months Fair Value	24,999	5,985
Less than 12 months Gross Unrealized Losses	1	228
Twelve months or more Fair Value	0	0
Twelve months or more Gross Unrealized Losses	0	0
Total Fair Value	24,999	5,985
Total Gross Unrealized Losses	1	228
Obligations of U.S. states and their political subdivisions
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months Fair Value	2,912	77,756
Less than 12 months Gross Unrealized Losses	10	1,958
Twelve months or more Fair Value	12,747	0
Twelve months or more Gross Unrealized Losses	174	0
Total Fair Value	15,659	77,756
Total Gross Unrealized Losses	184	1,958
Foreign government bonds
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months Fair Value	8,708	44,854
Less than 12 months Gross Unrealized Losses	85	1,940
Twelve months or more Fair Value	4,708	1,813
Twelve months or more Gross Unrealized Losses	555	851
Total Fair Value	13,416	46,667
Total Gross Unrealized Losses	640	2,791
Public utilities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months Fair Value	61,981	323,086
Less than 12 months Gross Unrealized Losses	1,272	13,151
Twelve months or more Fair Value	51,984	26,094
Twelve months or more Gross Unrealized Losses	3,660	5,251
Total Fair Value	113,965	349,180
Total Gross Unrealized Losses	4,932	18,402
Redeemable preferred stock
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months Fair Value	0
Less than 12 months Gross Unrealized Losses	156
Twelve months or more Fair Value	0
Twelve months or more Gross Unrealized Losses	0
Total Fair Value	0
Total Gross Unrealized Losses	156
All other U.S. public corporate securities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months Fair Value	241,672	802,158
Less than 12 months Gross Unrealized Losses	11,310	49,343
Twelve months or more Fair Value	158,461	61,110
Twelve months or more Gross Unrealized Losses	13,563	11,799
Total Fair Value	400,133	863,268
Total Gross Unrealized Losses	24,873	61,142
All other U.S. private corporate securities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months Fair Value	162,658	323,218
Less than 12 months Gross Unrealized Losses	7,223	12,476
Twelve months or more Fair Value	16,168	17,103
Twelve months or more Gross Unrealized Losses	1,238	1,487
Total Fair Value	178,826	340,321
Total Gross Unrealized Losses	8,461	13,963
All other foreign public corporate securities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months Fair Value	29,403	121,662
Less than 12 months Gross Unrealized Losses	2,424	5,098
Twelve months or more Fair Value	6,827	6,079
Twelve months or more Gross Unrealized Losses	929	1,410
Total Fair Value	36,230	127,741
Total Gross Unrealized Losses	3,353	6,508
All other foreign private corporate securities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months Fair Value	112,218	284,191
Less than 12 months Gross Unrealized Losses	4,206	14,234
Twelve months or more Fair Value	179,934	154,791
Twelve months or more Gross Unrealized Losses	19,667	28,439
Total Fair Value	292,152	438,982
Total Gross Unrealized Losses	23,873	42,673
Asset-backed securities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months Fair Value	118,032	249,084
Less than 12 months Gross Unrealized Losses	1,962	1,565
Twelve months or more Fair Value	43,545	93,675
Twelve months or more Gross Unrealized Losses	717	1,085
Total Fair Value	161,577	342,759
Total Gross Unrealized Losses	2,679	2,650
Commercial mortgage-backed securities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months Fair Value	522	129,765
Less than 12 months Gross Unrealized Losses	0	2,350
Twelve months or more Fair Value	3,828	4,221
Twelve months or more Gross Unrealized Losses	62	79
Total Fair Value	4,350	133,986
Total Gross Unrealized Losses	62	2,429
Residential mortgage-backed securities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months Fair Value	888	18,435
Less than 12 months Gross Unrealized Losses	27	59
Twelve months or more Fair Value	1,406	1,519
Twelve months or more Gross Unrealized Losses	10	6
Total Fair Value	2,294	19,954
Total Gross Unrealized Losses	37	65
Equity securities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Less than twelve months Fair Value	32,679	35,869
Less than 12 months Gross Unrealized Losses	2,471	2,339
Twelve months or more Fair Value	4,611	9,281
Twelve months or more Gross Unrealized Losses	390	720
Total Fair Value	37,290	45,150
Total Gross Unrealized Losses	$ 2,861	$ 3,059

Fair Value of Assets and Liab40

Fair Value of Assets and Liabilities (Balances of Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	$ 7,412,357	$ 6,840,932
Trading account assets:	67,862	64,612
Equity securities, available-for-sale	57,578	51,973
Separate account assets	110,336,987	109,350,121
Margin Deposit Assets	400,000	198,000
Embedded Derivative Net	7,099,000	5,205,000
Embedded Derivative Gross Asset	653,000	655,000
Embedded Derivative Gross Liability	7,752,000	5,860,000
Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	7,412,357	6,840,932
Trading account assets:	67,862	64,612
Equity securities, available-for-sale	57,578	51,973
Short-term investments	46,614	54,806
Cash equivalents	206,281	194,925
Other long-term investments	15,755	72,544
Reinsurance recoverables	6,741,737	4,940,011
Receivables from parent and affiliates	161,965	162,625
Sub-total excluding separate account assets	14,710,149	12,382,428
Separate account assets	109,912,778	108,967,162
Total assets	124,622,927	121,349,590
Future policy benefits	7,098,647	5,205,434
Payables to parent and affiliates	0	0
Total liabilities	7,098,647	5,205,434
Asset, Netting	(444,724)	(230,554)
Liability, Netting	(45,035)	(32,849)
Fair Value, Measurements, Recurring | Other long-term investments
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Asset, Netting	(444,724)	(230,554)
Fair Value, Measurements, Recurring | Payables to parent and affiliates
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liability, Netting	(45,035)	(32,849)
Fair Value, Measurements, Recurring | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	177,167	94,049
Fair Value, Measurements, Recurring | Obligations of U.S. states and their political subdivisions
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	670,203	624,769
Fair Value, Measurements, Recurring | Foreign government bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	98,968	70,410
Fair Value, Measurements, Recurring | U.S. corporate public securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	3,017,002	2,690,554
Fair Value, Measurements, Recurring | U.S. corporate private securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	1,383,758	1,344,929
Fair Value, Measurements, Recurring | Foreign corporate public securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	293,841	275,349
Fair Value, Measurements, Recurring | Foreign corporate private securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	820,169	778,642
Fair Value, Measurements, Recurring | Corporate securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading account assets:	43,668	44,374
Fair Value, Measurements, Recurring | Asset-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	353,586	435,131
Trading account assets:	1,995	1,990
Fair Value, Measurements, Recurring | Commercial mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	478,778	404,345
Fair Value, Measurements, Recurring | Residential mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	118,885	122,754
Fair Value, Measurements, Recurring | Equity securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading account assets:	22,199	18,248
Fair Value, Measurements, Recurring | Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	0	0
Trading account assets:	0	0
Equity securities, available-for-sale	43	39
Short-term investments	7	18,713
Cash equivalents	5,317	50,998
Other long-term investments	0	0
Reinsurance recoverables	0	0
Receivables from parent and affiliates	0	0
Sub-total excluding separate account assets	5,367	69,750
Separate account assets	0	0
Total assets	5,367	69,750
Future policy benefits	0	0
Payables to parent and affiliates	0	0
Total liabilities	0	0
Fair Value, Measurements, Recurring | Level 1 | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	0	0
Fair Value, Measurements, Recurring | Level 1 | Obligations of U.S. states and their political subdivisions
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	0	0
Fair Value, Measurements, Recurring | Level 1 | Foreign government bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	0	0
Fair Value, Measurements, Recurring | Level 1 | U.S. corporate public securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	0	0
Fair Value, Measurements, Recurring | Level 1 | U.S. corporate private securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	0	0
Fair Value, Measurements, Recurring | Level 1 | Foreign corporate public securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	0	0
Fair Value, Measurements, Recurring | Level 1 | Foreign corporate private securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	0	0
Fair Value, Measurements, Recurring | Level 1 | Corporate securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading account assets:	0	0
Fair Value, Measurements, Recurring | Level 1 | Asset-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	0	0
Trading account assets:	0	0
Fair Value, Measurements, Recurring | Level 1 | Commercial mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	0	0
Fair Value, Measurements, Recurring | Level 1 | Residential mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	0	0
Fair Value, Measurements, Recurring | Level 1 | Equity securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading account assets:	0	0
Fair Value, Measurements, Recurring | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	7,189,517	6,572,093
Trading account assets:	45,663	46,364
Equity securities, available-for-sale	57,385	51,769
Short-term investments	46,607	36,093
Cash equivalents	200,964	143,927
Other long-term investments	458,035	297,394
Reinsurance recoverables	0	0
Receivables from parent and affiliates	161,396	157,625
Sub-total excluding separate account assets	8,159,567	7,305,265
Separate account assets	109,912,778	108,967,162
Total assets	118,072,345	116,272,427
Future policy benefits	0	0
Payables to parent and affiliates	45,035	32,849
Total liabilities	45,035	32,849
Fair Value, Measurements, Recurring | Level 2 | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	177,167	94,049
Fair Value, Measurements, Recurring | Level 2 | Obligations of U.S. states and their political subdivisions
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	670,203	624,769
Fair Value, Measurements, Recurring | Level 2 | Foreign government bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	98,968	70,410
Fair Value, Measurements, Recurring | Level 2 | U.S. corporate public securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	2,961,999	2,635,551
Fair Value, Measurements, Recurring | Level 2 | U.S. corporate private securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	1,354,510	1,322,213
Fair Value, Measurements, Recurring | Level 2 | Foreign corporate public securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	293,841	275,349
Fair Value, Measurements, Recurring | Level 2 | Foreign corporate private securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	805,971	760,869
Fair Value, Measurements, Recurring | Level 2 | Corporate securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading account assets:	43,668	44,374
Fair Value, Measurements, Recurring | Level 2 | Asset-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	229,195	261,784
Trading account assets:	1,995	1,990
Fair Value, Measurements, Recurring | Level 2 | Commercial mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	478,778	404,345
Fair Value, Measurements, Recurring | Level 2 | Residential mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	118,885	122,754
Fair Value, Measurements, Recurring | Level 2 | Equity securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading account assets:	0	0
Fair Value, Measurements, Recurring | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	222,840	268,839
Trading account assets:	22,199	18,248
Equity securities, available-for-sale	150	165
Short-term investments	0	0
Cash equivalents	0	0
Other long-term investments	2,444	5,704
Reinsurance recoverables	6,741,737	4,940,011
Receivables from parent and affiliates	569	5,000
Sub-total excluding separate account assets	6,989,939	5,237,967
Separate account assets	0	0
Total assets	6,989,939	5,237,967
Future policy benefits	7,098,647	5,205,434
Payables to parent and affiliates	0	0
Total liabilities	7,098,647	5,205,434
Fair Value, Measurements, Recurring | Level 3 | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	0	0
Fair Value, Measurements, Recurring | Level 3 | Obligations of U.S. states and their political subdivisions
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	0	0
Fair Value, Measurements, Recurring | Level 3 | Foreign government bonds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	0	0
Fair Value, Measurements, Recurring | Level 3 | U.S. corporate public securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	55,003	55,003
Fair Value, Measurements, Recurring | Level 3 | U.S. corporate private securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	29,248	22,716
Fair Value, Measurements, Recurring | Level 3 | Foreign corporate public securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	0	0
Fair Value, Measurements, Recurring | Level 3 | Foreign corporate private securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	14,198	17,773
Fair Value, Measurements, Recurring | Level 3 | Corporate securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading account assets:	0	0
Fair Value, Measurements, Recurring | Level 3 | Asset-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	124,391	173,347
Trading account assets:	0	0
Fair Value, Measurements, Recurring | Level 3 | Commercial mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	0	0
Fair Value, Measurements, Recurring | Level 3 | Residential mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	0	0
Fair Value, Measurements, Recurring | Level 3 | Equity securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading account assets:	$ 22,199	$ 18,248

Fair Value of Assets and Liab41

Fair Value of Assets and Liabilities (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Separate Account assets transferred from Level 1 to Level 2	$ 0	$ 0
Accounting Standards Update 2015-07 | Other long-term investments | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	1,000,000		$ 1,000,000
Accounting Standards Update 2015-07 | Separate Account Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	$ 424,000,000		$ 383,000,000

Fair Value of Assets and Liab42

Fair Value of Assets and Liabilities (Level 3 by Pricing Source) (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Other long-term investments	$ 15,755	$ 72,544
Reinsurance recoverables	6,741,737	4,940,011
Receivables from parent and affiliates	161,965	162,625
Total assets	124,622,927	121,349,590
Future policy benefits	7,098,647	5,205,434
Total liabilities	7,098,647	5,205,434
Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity securities	22,349	18,413
Other long-term investments	2,444	5,704
Reinsurance recoverables	6,741,737	4,940,011
Receivables from parent and affiliates	569	5,000
Total assets	6,989,939	5,237,967
Future policy benefits	7,098,647	5,205,434
Total liabilities	7,098,647	5,205,434
Level 3 | Corporate securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities	98,449	95,492
Level 3 | Asset-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities	124,391	173,347
Level 3 | Internal
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity securities	4,589	165
Other long-term investments	0	3,260
Reinsurance recoverables	6,741,737	4,940,011
Receivables from parent and affiliates	0	0
Total assets	6,789,911	4,984,086
Future policy benefits	7,098,647	5,205,434
Total liabilities	7,098,647	5,205,434
Level 3 | Internal | Corporate securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities	43,449	40,492
Level 3 | Internal | Asset-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities	136	158
Level 3 | External
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity securities	17,760	18,248
Other long-term investments	2,444	2,444
Reinsurance recoverables	0	0
Receivables from parent and affiliates	569	5,000
Total assets	200,028	253,881
Future policy benefits	0	0
Total liabilities	0	0
Level 3 | External | Corporate securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities	55,000	55,000
Level 3 | External | Asset-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities	$ 124,255	$ 173,189

Fair Value of Assets and Liab43

Fair Value of Assets and Liabilities (Quantitative Info for Level 3 Inputs) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Measurements, Recurring
Fair Value Quantiative Information [Line Items]
Future policy benefits	$ 7,098,647	$ 5,205,434
Level 3 | Minimum
Fair Value Quantiative Information [Line Items]
Fair Value Inputs, Policyholder Age	35 years
Level 3 | Maximum
Fair Value Quantiative Information [Line Items]
Fair Value Inputs, Policyholder Age	90 years
Level 3 | Discounted cash flow | Minimum | Corporate securities
Fair Value Quantiative Information [Line Items]
Discount rate	5.29%	5.76%
Level 3 | Discounted cash flow | Minimum | Future Policy Benefits
Fair Value Quantiative Information [Line Items]
Lapse rate	0.00%	0.00%
NPR spread	0.44%	0.06%
Utilization rate	56.00%	56.00%
Withdrawal rate	74.00%	74.00%
Mortality rate	0.00%	0.00%
Equity volatility curve	16.00%	17.00%
Level 3 | Discounted cash flow | Maximum | Corporate securities
Fair Value Quantiative Information [Line Items]
Discount rate	20.38%	17.95%
Level 3 | Discounted cash flow | Maximum | Future Policy Benefits
Fair Value Quantiative Information [Line Items]
Lapse rate	14.00%	14.00%
NPR spread	2.07%	1.76%
Utilization rate	96.00%	96.00%
Withdrawal rate	100.00%	100.00%
Mortality rate	14.00%	14.00%
Equity volatility curve	28.00%	28.00%
Level 3 | Discounted cash flow | Weighted Average | Corporate securities
Fair Value Quantiative Information [Line Items]
Discount rate	9.90%	8.35%
Level 3 | Market comparables | Minimum | Corporate securities
Fair Value Quantiative Information [Line Items]
EBITDA multiples	5	5
Level 3 | Market comparables | Maximum | Corporate securities
Fair Value Quantiative Information [Line Items]
EBITDA multiples	5	5
Level 3 | Market comparables | Weighted Average | Corporate securities
Fair Value Quantiative Information [Line Items]
EBITDA multiples	5	5
Level 3 | Fair Value, Measurements, Recurring
Fair Value Quantiative Information [Line Items]
Future policy benefits	$ 7,098,647	$ 5,205,434
Level 3 | Fair Value, Measurements, Recurring | Internal
Fair Value Quantiative Information [Line Items]
Reinsurance recoverables - Living Benefits	6,348,158	4,600,193
Future policy benefits	7,098,647	5,205,434
Level 3 | Fair Value, Measurements, Recurring | Internal | No Lapse Guarantee
Fair Value Quantiative Information [Line Items]
Reinsurance recoverables - No Lapse Guarantee	393,579	339,818
Corporate securities | Level 3 | Fair Value, Measurements, Recurring
Fair Value Quantiative Information [Line Items]
Corporate securities	98,449	95,492
Corporate securities | Level 3 | Fair Value, Measurements, Recurring | Internal
Fair Value Quantiative Information [Line Items]
Corporate securities	$ 43,449	$ 40,492
Reinsurance Recoverables | Level 3 | Discounted cash flow | Minimum | No Lapse Guarantee
Fair Value Quantiative Information [Line Items]
Lapse rate	0.00%	0.00%
NPR spread	0.44%	0.06%
Mortality rate	0.00%	0.00%
Premium Payment	1	1
Reinsurance Recoverables | Level 3 | Discounted cash flow | Maximum | No Lapse Guarantee
Fair Value Quantiative Information [Line Items]
Lapse rate	12.00%	12.00%
NPR spread	2.07%	1.76%
Mortality rate	20.00%	20.00%
Premium Payment	3.75	3.75

Fair Value of Assets and Liab44

Fair Value of Assets and Liabilities (Changes in Level 3 Assets and Liabilities) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	$ 165	$ 750
Included in earnings:
Realized investment gains (losses), net	0	0
Asset management fees and other income	0	0
Included in other comprehensive income (loss)	(15)	(3)
Net investment income	0	0
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Other	0	0
Fair Value, end of period	150	747
Included in earnings:
Realized investment gains (losses), net	0	0
Asset management fees and other income	0	0
Fixed Maturities Available-For-Sale | U.S. Corporate Public Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	55,003	61,092
Included in earnings:
Realized investment gains (losses), net	0	0
Asset management fees and other income	0	0
Included in other comprehensive income (loss)	0	(44)
Net investment income	0	(2)
Purchases	0	56,903
Sales	0	(55,000)
Issuances	0
Settlements	0	(152)
Transfers into Level 3	0	704
Transfers out of Level 3	0	0
Other	0
Fair Value, end of period	55,003	63,501
Included in earnings:
Realized investment gains (losses), net	0	0
Asset management fees and other income	0	0
Fixed Maturities Available-For-Sale | U.S. Corporate Private Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	22,716	14,539
Included in earnings:
Realized investment gains (losses), net	(508)	0
Asset management fees and other income	0	0
Included in other comprehensive income (loss)	(976)	(277)
Net investment income	4	(12)
Purchases	209	249
Sales	0	(2)
Issuances	0
Settlements	(950)	(511)
Transfers into Level 3	8,753	826
Transfers out of Level 3	0	0
Other	0
Fair Value, end of period	29,248	14,812
Included in earnings:
Realized investment gains (losses), net	(508)	0
Asset management fees and other income	0	0
Fixed Maturities Available-For-Sale | Foreign Corporate Private Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	17,773	9,170
Included in earnings:
Realized investment gains (losses), net	(194)	62
Asset management fees and other income	0	0
Included in other comprehensive income (loss)	(215)	(117)
Net investment income	5	8
Purchases	65	188
Sales	0	(31)
Issuances	0
Settlements	(4,823)	(678)
Transfers into Level 3	1,587	0
Transfers out of Level 3	0	0
Other	0
Fair Value, end of period	14,198	8,602
Included in earnings:
Realized investment gains (losses), net	0	0
Asset management fees and other income	0	0
Fixed Maturities Available-For-Sale | Asset-Backed Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	173,347	100,217
Included in earnings:
Realized investment gains (losses), net	9	2
Asset management fees and other income	0	0
Included in other comprehensive income (loss)	(902)	530
Net investment income	98	(8)
Purchases	0	73,630
Sales	0	0
Issuances	0
Settlements	(343)	(72)
Transfers into Level 3	10,916	44,798
Transfers out of Level 3	(58,734)	(18,046)
Other	0
Fair Value, end of period	124,391	201,051
Included in earnings:
Realized investment gains (losses), net	0	0
Asset management fees and other income	0	0
Trading Account Assets-Equity Securities | Equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	18,248	5,540
Included in earnings:
Realized investment gains (losses), net	0	0
Asset management fees and other income	691	2,328
Included in other comprehensive income (loss)	0	0
Net investment income	0	0
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	0	(1,500)
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Other	3,260	12,001
Fair Value, end of period	22,199	18,369
Included in earnings:
Realized investment gains (losses), net	0	0
Asset management fees and other income	691	2,283
Other Long-term Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	5,704	596
Included in earnings:
Realized investment gains (losses), net	0	51
Asset management fees and other income	0	0
Included in other comprehensive income (loss)	0	0
Net investment income	0	0
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	(30)
Other	(3,260)	0
Fair Value, end of period	2,444	617
Included in earnings:
Realized investment gains (losses), net	0	52
Asset management fees and other income	0	0
Reinsurance Recoverables
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	4,940,011	4,897,545
Included in earnings:
Realized investment gains (losses), net	1,625,887	759,357
Asset management fees and other income	0	0
Included in other comprehensive income (loss)	0	0
Net investment income	0	0
Purchases	175,839	165,205
Sales	0	0
Issuances	0	0
Settlements	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Other	0	0
Fair Value, end of period	6,741,737	5,822,107
Included in earnings:
Realized investment gains (losses), net	1,655,557	788,607
Asset management fees and other income	0	0
Receivables from Parent and Affiliates
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	5,000	19,203
Included in earnings:
Realized investment gains (losses), net	(13)	0
Asset management fees and other income	0	0
Included in other comprehensive income (loss)	34	(20)
Net investment income	0	0
Purchases	0	0
Sales	(1,988)	0
Issuances	0	0
Settlements	0	0
Transfers into Level 3	0	1,986
Transfers out of Level 3	(2,464)	0
Other	0	0
Fair Value, end of period	569	21,169
Included in earnings:
Realized investment gains (losses), net	0	0
Asset management fees and other income	0	0
Future Policy Benefits
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(5,205,434)	(4,993,611)
Included in earnings:
Realized investment gains (losses), net	(1,700,231)	(776,607)
Asset management fees and other income	0	0
Included in other comprehensive income (loss)	0	0
Net investment income	0	0
Purchases	0	0
Sales	0	0
Issuances	(192,982)	(174,597)
Settlements	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Other	0	0
Fair Value, end of period	(7,098,647)	(5,944,815)
Included in earnings:
Realized investment gains (losses), net	(1,727,547)	(809,087)
Asset management fees and other income	$ 0	$ 0

Fair Value of Assets and Liab45

Fair Value of Assets and Liabilities (Financial Instruments where Carrying Amounts and Fair Values May Differ) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Assets:
Policy loans	$ 1,141,331	$ 1,143,303
Accrued investment income	104,075	100,031
Liabilities:
Cash collateral for loaned securities	5,317	40,416
Short-term debt	180,500	180,000
Long-term debt	1,204,000	1,204,000
Fair Value
Assets:
Commercial mortgage and other loans	1,728,975	1,710,491
Policy loans	1,141,331	1,143,303
Cash and cash equivalents	289,559	175,361
Accrued investment income	104,075	100,031
Receivables from parent and affiliates	68,009	65,628
Other assets	36,060	6,162
Total assets	3,368,009	3,200,976
Liabilities:
Policyholders’ account balances - investment contracts	1,235,837	1,184,744
Cash collateral for loaned securities	5,317	40,416
Short-term debt	180,335	180,105
Long-term debt	1,237,111	1,227,110
Payables to parent and affiliates	70,195	72,791
Other liabilities	291,029	343,089
Total liabilities	3,019,824	3,048,255
Fair Value | Accounting Standards Update 2015-07
Liabilities:
Cost Method Investments, Fair Value Disclosure	31,000	27,000
Fair Value | Level 1
Assets:
Commercial mortgage and other loans	0	0
Policy loans	0	0
Cash and cash equivalents	26,937	19,297
Accrued investment income	0	0
Receivables from parent and affiliates	0	0
Other assets	0	0
Total assets	26,937	19,297
Liabilities:
Policyholders’ account balances - investment contracts	0	0
Cash collateral for loaned securities	0	0
Short-term debt	0	0
Long-term debt	0	0
Payables to parent and affiliates	0	0
Other liabilities	0	0
Total liabilities	0	0
Fair Value | Level 2
Assets:
Commercial mortgage and other loans	8,394	8,540
Policy loans	0	0
Cash and cash equivalents	262,622	156,064
Accrued investment income	104,075	100,031
Receivables from parent and affiliates	68,009	65,628
Other assets	36,060	6,162
Total assets	479,160	336,425
Liabilities:
Policyholders’ account balances - investment contracts	994,880	947,853
Cash collateral for loaned securities	5,317	40,416
Short-term debt	180,335	180,105
Long-term debt	1,237,111	1,227,110
Payables to parent and affiliates	70,195	72,791
Other liabilities	291,029	343,089
Total liabilities	2,778,867	2,811,364
Fair Value | Level 3
Assets:
Commercial mortgage and other loans	1,720,581	1,701,951
Policy loans	1,141,331	1,143,303
Cash and cash equivalents	0	0
Accrued investment income	0	0
Receivables from parent and affiliates	0	0
Other assets	0	0
Total assets	2,861,912	2,845,254
Liabilities:
Policyholders’ account balances - investment contracts	240,957	236,891
Cash collateral for loaned securities	0	0
Short-term debt	0	0
Long-term debt	0	0
Payables to parent and affiliates	0	0
Other liabilities	0	0
Total liabilities	240,957	236,891
Carrying Amount
Assets:
Commercial mortgage and other loans	1,641,942	1,658,235
Policy loans	1,141,331	1,143,303
Cash and cash equivalents	289,559	175,361
Accrued investment income	104,075	100,031
Receivables from parent and affiliates	68,009	65,628
Other assets	36,060	6,162
Total assets	3,280,976	3,148,720
Liabilities:
Policyholders’ account balances - investment contracts	1,240,597	1,190,596
Cash collateral for loaned securities	5,317	40,416
Short-term debt	180,500	180,000
Long-term debt	1,204,000	1,204,000
Payables to parent and affiliates	70,195	72,791
Other liabilities	291,029	343,089
Total liabilities	2,991,638	3,030,892
Carrying Amount | Accounting Standards Update 2015-07
Liabilities:
Cost Method Investments, Fair Value Disclosure	$ 29,000	$ 26,000

Derivative Instruments (Gross N

Derivative Instruments (Gross Notional Amount and Fair Value of Derivatives Contracts) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Derivative [Line Items]
Notional	$ 29,438,170	$ 29,709,613
Assets	458,035	300,655
Liabilities	(45,035)	(32,849)
Future Policy Benefits
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset (Liability), Net	(7,099,000)	(5,205,000)
Reinsurance Recoverables | Pruco Re
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset (Liability), Net	6,312,000	4,594,000
Reinsurance Recoverables | UPARC
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset (Liability), Net	394,000	340,000
Reinsurance Recoverables | Union Hamilton Reinsurance, Ltd.
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset (Liability), Net	36,000	7,000
Derivatives Designated as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	574,628	529,128
Assets	40,661	50,877
Liabilities	(10,626)	(1,385)
Derivatives Designated as Hedge Accounting Instruments: | Foreign Currency Swaps
Derivative [Line Items]
Notional	574,628	529,128
Assets	40,661	50,877
Liabilities	(10,626)	(1,385)
Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	28,863,542	29,180,485
Assets	417,374	249,778
Liabilities	(34,409)	(31,464)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Foreign Currency Swaps
Derivative [Line Items]
Notional	132,403	122,425
Assets	16,160	17,079
Liabilities	(336)	(71)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Swaps
Derivative [Line Items]
Notional	2,797,400	3,159,400
Assets	381,028	203,313
Liabilities	(6,443)	(8,605)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Foreign Currency Forwards
Derivative [Line Items]
Notional	3,756	3,722
Assets	0	39
Liabilities	(46)	(15)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit Default Swaps
Derivative [Line Items]
Notional	7,275	7,275
Assets	115	268
Liabilities	(262)	(222)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Total Return Swaps
Derivative [Line Items]
Notional	533,801	542,294
Assets	25	411
Liabilities	(20,135)	(10,451)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity Options
Derivative [Line Items]
Notional	25,388,907	25,345,369
Assets	20,046	28,668
Liabilities	$ (7,187)	$ (12,100)

Derivative Instruments (Offsett

Derivative Instruments (Offsetting Assets and Liabilities) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Derivatives
Gross Amounts of Recognized Financial Instruments	$ 458,035	$ 300,655
Securities purchased under agreement to resell
Gross Amounts of Recognized Financial Instruments	263,000	156,064
Gross Amounts Offset in the Consolidated Statement of Financial Position	0	0
Net Amounts Presented in the Consolidated Statement of Financial Position	263,000	156,064
Financial Instruments/Collateral	(263,000)	(156,064)
Net Amount	0	0
Total Assets
Gross Amounts of Recognized Financial Instruments	721,021	453,435
Gross Amounts Offset in the Consolidated Statement of Financial Position	(444,724)	(230,554)
Net Amounts Presented in the Consolidated Statement of Financial Position	276,297	222,881
Financial Instruments/Collateral	(276,297)	(171,221)
Net Amount	0	51,660
Derivatives
Gross Amounts of Recognized Financial Instruments	45,035	32,849
Securities sold under agreement to repurchase
Gross Amounts of Recognized Financial Instruments	0	0
Gross Amounts Offset in the Consolidated Statement of Financial Position	0	0
Net Amounts Presented in the Consolidated Statement of Financial Position	0	0
Financial Instruments/Collateral	0	0
Net Amount	0	0
Total Liabilities
Gross Amounts of Recognized Financial Instruments	45,035	32,849
Gross Amounts Offset in the Consolidated Statement of Financial Position	(45,035)	(32,849)
Net Amounts Presented in the Consolidated Statement of Financial Position	0	0
Financial Instruments/Collateral	0	0
Net Amount	0	0
Counterparty
Derivatives
Gross Amounts of Recognized Financial Instruments	458,021	297,371
Gross Amounts Offset in the Consolidated Statement of Financial Position	(444,724)	(230,554)
Net Amounts Presented in the Consolidated Statement of Financial Position	13,297	66,817
Financial Instruments/Collateral	(13,297)	(15,157)
Net Amount	0	51,660
Derivatives
Gross Amounts of Recognized Financial Instruments	45,035	32,849
Gross Amounts Offset in the Consolidated Statement of Financial Position	(45,035)	(32,849)
Net Amounts Presented in the Consolidated Statement of Financial Position	0	0
Financial Instruments/Collateral	0	0
Net Amount	$ 0	$ 0

Derivative Instruments (Financi

Derivative Instruments (Financial Statement Classification and Impact of Derivatives Used in Qualifying and Non-qualifying Hedge Relationships) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Realized Investment Gains/(Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	$ 69,647	$ 56,720
Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	1,405	537
Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(1,909)	1,399
AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(17,099)	24,696
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Realized Investment Gains/(Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	1,405	537
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(1,899)	1,264
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(17,099)	24,696
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Currency/Interest Rate | Realized Investment Gains/(Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Currency/Interest Rate | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	1,405	537
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Currency/Interest Rate | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(1,899)	1,264
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Currency/Interest Rate | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(17,099)	24,696
Derivatives Not Qualifying as Hedge Accounting Instruments: | Realized Investment Gains/(Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	69,647	56,720
Derivatives Not Qualifying as Hedge Accounting Instruments: | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(10)	135
Derivatives Not Qualifying as Hedge Accounting Instruments: | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate | Realized Investment Gains/(Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	189,927	115,132
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency | Realized Investment Gains/(Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(126)	136
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency/Interest Rate | Realized Investment Gains/(Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(1,095)	8,265
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency/Interest Rate | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency/Interest Rate | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(10)	135
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency/Interest Rate | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit | Realized Investment Gains/(Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(241)	(75)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity | Realized Investment Gains/(Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(3,314)	(15,324)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Embedded Derivatives | Realized Investment Gains/(Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(115,504)	(51,414)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Embedded Derivatives | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Embedded Derivatives | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Embedded Derivatives | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	$ 0	$ 0

Derivative Instruments (Current

Derivative Instruments (Current Period Cash Flow Hedges in AOCI (loss) before Taxes) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance	$ 48,271
Net deferred gains (losses) on cash flow hedges from January 1 to March 31, 2016	(17,926)
Amounts reclassified into current period earnings	827
Balance	$ 31,172

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 3
Maximum length of time hedged in cash flow hedge	19 years
Credit Protection Purchased Notional Amounts	$ 7	$ 7
Credit Derivative Protection Purchased Fair Value Asset (Liability) (less than)	$ (1)	$ 1

Commitments, Contingent Liabi51

Commitments, Contingent Liabilities And Litigation And Regulatory Matters (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Total outstanding mortgage loan commitments	$ 128	$ 62
Obligation to purchase or fund investments	95	$ 52
Estimate of possible losses in excess of accruals (less than)	$ 7.5

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details)	Jul. 01, 2014USD ($)	Jan. 01, 2014	Jul. 01, 2013	Dec. 31, 2009	Jan. 31, 2001	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2011USD ($)	Mar. 31, 2016USD ($)policy	Mar. 31, 2015USD ($)	Dec. 31, 2014	Dec. 31, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2013	Jun. 30, 2012USD ($)	Dec. 31, 2012	Dec. 31, 2013	Oct. 31, 2013USD ($)
Related Party Transaction [Line Items]
Stock or Unit Option Plan Expense (less than for three month periods)										$ 1,000,000	$ 1,000,000
Deferred Compensation Arrangement with Individual, Compensation Expense										1,000,000	2,000,000
Pension Expense										$ 5,000,000	5,000,000
Defined Contribution Plan, Employer Matching Contribution, Percent (up to)										4.00%
Defined Contribution Plan, Cost Recognized										$ 2,000,000	2,000,000
Commissions Paid To PAD										174,000,000	204,000,000
Life Insurance, Corporate or Bank Owned, Amount						$ 3,044,000,000	$ 2,873,000,000			3,044,000,000			$ 2,873,000,000
Fees related to corporate owned life insurance										11,000,000	11,000,000
Maximum amount of mortality risk																			$ 3,500,000
AST Revenue Sharing Income										69,000,000	95,000,000
PSF Revenue Sharing Income										3,000,000	3,000,000
PGIM Management Expenses										5,000,000	4,000,000
Line of Credit Facility, Maximum Borrowing Capacity						2,200,000,000				2,200,000,000
Interest Expense										10,500,000	13,200,000
Contributed capital										5,000,000	$ 0
Dividend							$ 200,000,000	$ 230,000,000		0
Prudential Insurance
Related Party Transaction [Line Items]
Contributed capital						$ 5,000,000				$ 5,000,000			$ 0
Prudential Insurance
Related Party Transaction [Line Items]
Number Of Corporate Owned Life Insurance Policies Sold | policy										5
Reinsurance Retention Policy, Reinsured Risk, Percentage										100.00%
Prudential Financial
Related Party Transaction [Line Items]
Number Of Corporate Owned Life Insurance Policies Sold | policy										1
Affiliated Entity | UPARC
Related Party Transaction [Line Items]
Reinsurance Retention Policy, Reinsured Risk, Percentage	27.00%								90.00%					27.00%		27.00%
Reinsurance Retention Policy, Amount Retained	$ 1,000,000								$ 1,000,000					$ 1,000,000		$ 1,000,000
Reinsurance Retention Policy, Excess Retention, Percentage	30.00%								100.00%					30.00%		30.00%
Reinsurance Retention Policy, Uncollected Charges And Fees Risk, Percentage	30.00%								100.00%					30.00%		30.00%
Affiliated Entity | PAR U
Related Party Transaction [Line Items]
Reinsurance Retention Policy, Reinsured Risk, Percentage			70.00%												95.00%	70.00%
Affiliated Entity | PURC
Related Party Transaction [Line Items]
Reinsurance Retention Policy, Reinsured Risk, Percentage		95.00%										70.00%					70.00%
Affiliated Entity | PARCC
Related Party Transaction [Line Items]
Reinsurance Retention Policy, Reinsured Risk, Percentage				90.00%
Affiliated Entity | PAR Term
Related Party Transaction [Line Items]
Reinsurance Retention Policy, Reinsured Risk, Percentage																		95.00%
Affiliated Entity | Term Re
Related Party Transaction [Line Items]
Reinsurance Retention Policy, Reinsured Risk, Percentage		95.00%
Affiliated Entity | Prudential of Taiwan
Related Party Transaction [Line Items]
Related Party Transaction, Term					2 years

Related Party Transactions (Rei

Related Party Transactions (Reinsurance With Affiliates) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Related Party Transactions [Abstract]
Reinsurance recoverable	$ 24,780,544	$ 22,546,361
Policy loans	(77,784)	(75,697)
Deferred policy acquisition costs	(2,098,908)	(2,122,349)
Other assets	35,117	35,616
Policyholders’ account balances	4,905,603	5,020,230
Future policy benefits and other policyholder liabilities	2,715,376	2,380,215
Other liabilities (reinsurance payables)	$ 446,846	$ 494,660

Related Party Transactions (R54

Related Party Transactions (Reinsurance by Counterparty) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Total reinsurance recoverables	$ 24,780,544	$ 22,546,361
UPARC
Related Party Transaction [Line Items]
Total reinsurance recoverables	427,999	376,660
PAR U
Related Party Transaction [Line Items]
Total reinsurance recoverables	10,002,215	9,797,733
PURC
Related Party Transaction [Line Items]
Total reinsurance recoverables	2,351,566	2,251,692
PARCC
Related Party Transaction [Line Items]
Total reinsurance recoverables	2,568,479	2,560,798
PAR Term
Related Party Transaction [Line Items]
Total reinsurance recoverables	1,261,597	1,226,761
Term Re
Related Party Transaction [Line Items]
Total reinsurance recoverables	376,564	298,002
Prudential Insurance
Related Party Transaction [Line Items]
Total reinsurance recoverables	200,442	226,926
Pruco Re
Related Party Transaction [Line Items]
Total reinsurance recoverables	6,312,862	4,594,412
Prudential of Taiwan
Related Party Transaction [Line Items]
Total reinsurance recoverables	1,206,591	1,169,664
Unaffiliated
Related Party Transaction [Line Items]
Total reinsurance recoverables	$ 72,229	$ 43,713

Related Party Transactions (Amo

Related Party Transactions (Amounts Included In IS) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Premiums:
Direct	$ 391,180	$ 366,243
Assumed	148	0
Ceded	(373,413)	(350,606)
Net premiums	17,915	15,637
Policy charges and fee income:
Direct	734,977	732,565
Assumed	194,313	168,786
Ceded	(401,883)	(360,586)
Net policy charges and fee income	527,407	540,765
Net investment income:
Direct	106,137	104,049
Assumed	345	329
Ceded	(1,030)	(958)
Net investment income	105,452	103,420
Other income:
Direct	11,695	12,527
Assumed & Ceded	1,827	4,690
Net other income	13,522	17,217
Interest credited to policyholders’ account balances:
Direct	213,482	142,405
Assumed	33,835	32,714
Ceded	(60,886)	(57,642)
Net interest credited to policyholders’ account balances	186,431	117,477
Policyholders’ benefits (including change in reserves):
Direct	609,636	480,655
Assumed	260,876	235,461
Ceded	(771,984)	(657,715)
Net policyholders’ benefits (including change in reserves)	98,528	58,401
Realized investment gains (losses), net:
Direct	(1,534,352)	(666,435)
Assumed	(39)	0
Ceded	1,589,542	725,460
Total realized investment gains (losses), net	55,151	59,025
Net reinsurance expense allowances, net of capitalization and amortization	$ (93,929)	$ (69,712)

Related Party Transactions (Lif

Related Party Transactions (Life Insurance In Force) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2015
Related Party Transactions [Abstract]
Direct gross life insurance face amount in force	$ 783,961,855	$ 724,268,816
Assumed gross life insurance face amount in force	43,367,167	44,296,568
Reinsurance ceded	(765,067,750)	(708,312,995)
Net life insurance face amount in force	$ 62,261,272	$ 60,252,389

Related Party Transactions (Aff

Related Party Transactions (Affiliated Asset Transfers) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
Prudential Insurance March 15 Purchase
Related Party [Line Items]
Fair Value	$ 92
Book Value	74
APIC, Net of Tax Increase/(Decrease)	(12)
Realized Investment Gain/(Loss), Net	0
Derivative Gain/(Loss)	0
Prudential Insurance June 15 Purchase
Related Party [Line Items]
Fair Value	11
Book Value	10
APIC, Net of Tax Increase/(Decrease)	(1)
Realized Investment Gain/(Loss), Net	0
Derivative Gain/(Loss)	0
Prudential Insurance March 16 Sale
Related Party [Line Items]
Fair Value	89
Book Value	89
APIC, Net of Tax Increase/(Decrease)	(1)
Realized Investment Gain/(Loss), Net	0
Derivative Gain/(Loss)	$ 0

Related Party Transactions (Deb

Related Party Transactions (Debt Agreements) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Related Party [Line Items]
Amount of Notes	$ 1,384,500
Amount of Notes		$ 1,384,000
Prudential Financial Loan Issued 12/15/2011
Related Party [Line Items]
Amount of Notes	$ 11,000
Amount of Notes		11,000
Interest Rate	3.61%
Prudential Financial Loan Issued 12/16/2011
Related Party [Line Items]
Amount of Notes	$ 11,000
Amount of Notes		11,000
Interest Rate	3.61%
Prudential Financial Loan Issued 11/15/2013
Related Party [Line Items]
Amount of Notes	$ 9,000
Amount of Notes		9,000
Interest Rate	2.24%
Prudential Financial Loan Issued 11/15/2013
Related Party [Line Items]
Amount of Notes	$ 23,000
Amount of Notes		23,000
Interest Rate	3.19%
Prudential Insurance Loan Issued 12/6/2013
Related Party [Line Items]
Amount of Notes	$ 120,000
Amount of Notes		120,000
Interest Rate	2.60%
Prudential Insurance Loan Issued 12/6/2013
Related Party [Line Items]
Amount of Notes	$ 130,000
Amount of Notes		130,000
Interest Rate	4.39%
Prudential Insurance Loan Issued 12/6/2013
Related Party [Line Items]
Amount of Notes	$ 250,000
Amount of Notes		250,000
Interest Rate	3.64%
Prudential Insurance Loan Issued 9/25/2014
Related Party [Line Items]
Amount of Notes	$ 30,000
Amount of Notes		30,000
Interest Rate	1.89%
Prudential Insurance Loan Issued 9/25/2014
Related Party [Line Items]
Amount of Notes	$ 40,000
Amount of Notes		40,000
Interest Rate	3.95%
Prudential Insurance Loan Issued 9/25/2014
Related Party [Line Items]
Amount of Notes	$ 20,000
Amount of Notes		20,000
Interest Rate	2.80%
Prudential Insurance Loan Issued 9/25/2014
Related Party [Line Items]
Amount of Notes	$ 50,000
Amount of Notes		50,000
Interest Rate	3.95%
Prudential Insurance Loan Issued 9/25/2014
Related Party [Line Items]
Amount of Notes	$ 50,000
Amount of Notes		50,000
Interest Rate	2.80%
Prudential Insurance Loan Issued 9/25/2014
Related Party [Line Items]
Amount of Notes	$ 100,000
Amount of Notes		100,000
Interest Rate	3.47%
Prudential Insurance Loan Issued 9/25/2014
Related Party [Line Items]
Amount of Notes	$ 100,000
Amount of Notes		100,000
Interest Rate	3.95%
Prudential Financial Loan Issued 12/15/2014
Related Party [Line Items]
Amount of Notes	$ 5,000
Amount of Notes		5,000
Interest Rate	2.57%
Prudential Financial Loan Issued 12/15/2014
Related Party [Line Items]
Amount of Notes	$ 23,000
Amount of Notes		23,000
Interest Rate	3.14%
Prudential Financial Loan Issued 6/15/2015
Related Party [Line Items]
Amount of Notes	$ 66,000
Amount of Notes		66,000
Interest Rate	3.52%
Prudential Financial Loan Issued 6/15/2015
Related Party [Line Items]
Amount of Notes	$ 6,000
Amount of Notes		6,000
Interest Rate	2.86%
Prudential Financial Loan Issued 9/21/2015
Related Party [Line Items]
Amount of Notes	$ 158,000
Amount of Notes		158,000
Prudential Financial Loan Issued 9/21/2015 | Minimum
Related Party [Line Items]
Interest Rate	1.09%
Prudential Financial Loan Issued 9/21/2015 | Maximum
Related Party [Line Items]
Interest Rate	1.63%
Prudential Financial Loan Issued 9/21/2015
Related Party [Line Items]
Amount of Notes	$ 132,000
Amount of Notes		132,000
Prudential Financial Loan Issued 9/21/2015 | Minimum
Related Party [Line Items]
Interest Rate	1.40%
Prudential Financial Loan Issued 9/21/2015 | Maximum
Related Party [Line Items]
Interest Rate	1.93%
Prudential Financial Loan Issued 9/21/2015
Related Party [Line Items]
Amount of Notes	$ 26,000
Amount of Notes		26,000
Prudential Financial Loan Issued 9/21/2015 | Minimum
Related Party [Line Items]
Interest Rate	1.40%
Prudential Financial Loan Issued 9/21/2015 | Maximum
Related Party [Line Items]
Interest Rate	1.93%
Prudential Financial Loan Issued 12/16/2015
Related Party [Line Items]
Amount of Notes	$ 5,000
Amount of Notes		5,000
Interest Rate	2.85%
Prudential Financial Loan Issued 12/16/2015
Related Party [Line Items]
Amount of Notes	$ 1,000
Amount of Notes		1,000
Interest Rate	2.85%
Prudential Financial Loan Issued 12/16/2015
Related Party [Line Items]
Amount of Notes	$ 18,000
Amount of Notes		18,000
Interest Rate	3.37%
Prudential Funding Loan Issued 3/31/2016
Related Party [Line Items]
Amount of Notes	$ 500
Amount of Notes		$ 0
Interest Rate	0.48%