Pruco Life Insurance 10-Q 11 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 11, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
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, 2017	Dec. 31, 2016
ASSETS
Fixed maturities, available-for-sale, at fair value (amortized cost: 2017 – $5,589,001; 2016 – $5,552,911)	$ 5,691,408	$ 5,617,549
Equity securities, available-for-sale, at fair value (cost: 2017 – $20,767; 2016 – $16,390)	21,993	16,756
Trading account assets, at fair value	37,414	35,328
Policy loans	1,167,204	1,166,456
Short-term investments	26,989	36,657
Commercial mortgage and other loans	1,219,827	1,150,381
Other long-term investments	348,071	344,463
Total investments	8,512,906	8,367,590
Cash and cash equivalents	133,390	96,157
Deferred policy acquisition costs	1,379,461	1,341,093
Accrued investment income	88,697	87,322
Reinsurance recoverables	29,009,729	28,674,226
Receivables from parent and affiliates	285,648	213,952
Other assets	309,789	279,222
Separate account assets	120,395,206	116,606,428
TOTAL ASSETS	160,114,826	155,665,990
LIABILITIES
Policyholders’ account balances	19,261,316	18,894,893
Future policy benefits	16,608,824	16,503,260
Securities sold under agreements to repurchase	24,714	68,904
Cash collateral for loaned securities	74,204	74,976
Income taxes	88,384	97,400
Short-term debt to affiliates	108,100	0
Payables to parent and affiliates	197,515	73,628
Other liabilities	796,991	849,698
Separate account liabilities	120,395,206	116,606,428
TOTAL LIABILITIES	157,555,254	153,169,187
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	991,062	986,062
Retained earnings	1,477,338	1,437,266
Accumulated other comprehensive income	88,672	70,975
TOTAL EQUITY	2,559,572	2,496,803
TOTAL LIABILITIES AND EQUITY	$ 160,114,826	$ 155,665,990

Unaudited Interim Consolidated3

Unaudited Interim Consolidated Statements of Financial Position (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Fixed maturities, available for sale, at amortized cost	$ 5,589,001	$ 5,552,911
Equity securities, available-for-sale, at cost	$ 20,767	$ 16,390
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, 2017	Mar. 31, 2016
REVENUES
Premiums	$ 5,757	$ 17,915
Policy charges and fee income	128,002	526,562
Net investment income	89,615	105,452
Asset administration fees	4,187	72,791
Other income	15,977	13,522
Realized investment gains (losses), net:
Other-than-temporary impairments on fixed maturity securities	(4,412)	(16,349)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income	8	199
Other realized investment gains (losses), net	(28,175)	71,301
Total realized investment gains (losses), net	(32,579)	55,151
TOTAL REVENUES	210,959	791,393
BENEFITS AND EXPENSES
Policyholders’ benefits	71,487	100,730
Interest credited to policyholders’ account balances	44,760	186,431
Amortization of deferred policy acquisition costs	16,272	639,586
General, administrative and other expenses	56,819	236,953
TOTAL BENEFITS AND EXPENSES	189,338	1,163,700
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES	21,621	(372,307)
Income tax expense (benefit)	(18,451)	(44,108)
NET INCOME (LOSS)	40,072	(328,199)
Other comprehensive income (loss), before tax:
Foreign currency translation adjustments	23	219
Net unrealized investment gains (losses):
Unrealized investment gains (losses) for the period	23,059	162,282
Reclassification adjustment for (gains) losses included in net income (loss)	4,144	14,924
Net unrealized investment gains (losses)	27,203	177,206
Other comprehensive income (loss), before tax	27,226	177,425
Less: Income tax expense (benefit) related to:
Foreign currency translation adjustments	8	76
Net unrealized investment gains (losses)	9,521	62,022
Total	9,529	62,098
Other comprehensive income (loss), net of tax	17,697	115,327
COMPREHENSIVE INCOME (LOSS)	$ 57,769	$ (212,872)

Unaudited Interim Consolidated5

Unaudited Interim Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total Equity
Beginning Balance at Dec. 31, 2015		$ 2,500	$ 779,973	$ 3,635,147	$ 64,805	$ 4,482,425
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Contributed capital	$ 5,000		5,000			5,000
Contributed (distributed) capital-parent/child asset transfers			(60)			(60)
Comprehensive income (loss):
Net income (loss)	(328,199)			(328,199)		(328,199)
Other comprehensive income (loss), net of tax	115,327				115,327	115,327
Total comprehensive income (loss)						(212,872)
Ending Balance at Mar. 31, 2016		2,500	784,913	3,306,948	180,132	4,274,493
Beginning Balance at Dec. 31, 2016		2,500	986,062	1,437,266	70,975	2,496,803
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Contributed capital	0		5,000			5,000
Contributed (distributed) capital-parent/child asset transfers			0			0
Comprehensive income (loss):
Net income (loss)	40,072			40,072		40,072
Other comprehensive income (loss), net of tax	$ 17,697				17,697	17,697
Total comprehensive income (loss)						57,769
Ending Balance at Mar. 31, 2017		$ 2,500	$ 991,062	$ 1,477,338	$ 88,672	$ 2,559,572

Unaudited Interim Consolidated6

Unaudited Interim Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 40,072	$ (328,199)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Policy charges and fee income	(5,861)	(5,005)
Interest credited to policyholders’ account balances	44,760	186,431
Realized investment (gains) losses, net	32,579	(55,151)
Amortization and other non-cash items	(13,524)	(9,102)
Change in:
Future policy benefits	636,570	424,904
Reinsurance recoverables	(573,224)	(359,878)
Accrued investment income	(1,375)	(4,044)
Net payable to/receivable from parent and affiliates	51,947	(7,099)
Deferred policy acquisition costs	(42,083)	488,313
Income taxes	(18,545)	(125,578)
Derivatives, net	4,288	202,678
Other, net	(101,520)	(74,846)
Cash flows from (used in) operating activities	54,084	333,424
Proceeds from the sale/maturity/prepayment of:
Fixed maturities, available-for-sale	364,657	459,445
Short-term investments	26,651	192,422
Policy loans	37,016	38,255
Ceded policy loans	(2,980)	(1,976)
Commercial mortgage and other loans	8,775	83,528
Other long-term investments	4,089	1,261
Equity securities, available-for-sale	510	10
Trading account assets	386	626
Payments for the purchase/origination of:
Fixed maturities, available-for-sale	(454,404)	(818,934)
Short-term investments	(16,979)	(184,142)
Policy loans	(26,120)	(26,081)
Ceded policy loans	3,272	3,509
Commercial mortgage and other loans	(76,114)	(64,988)
Other long-term investments	(8,028)	(14,085)
Equity securities, available-for-sale	(5,000)	(5,644)
Trading account assets	(386)	0
Notes receivable from parent and affiliates, net	4,718	1,917
Derivatives, net	151	466
Other, net	(606)	(4,389)
Cash flows from (used in) investing activities	(140,392)	(338,800)
CASH FLOWS FROM FINANCING ACTIVITIES:
Policyholders’ account deposits	1,055,826	1,023,782
Ceded policyholders’ account deposits	(734,147)	(276,350)
Policyholders’ account withdrawals	(656,190)	(586,669)
Ceded policyholders’ account withdrawals	375,116	16,445
Net change in securities sold under agreement to repurchase and cash collateral for loaned securities	(44,961)	(35,098)
Contributed capital	0	5,000
Contributed (distributed) capital - parent/child asset transfers	0	(60)
Net change in financing arrangements (maturities 90 days or less)	108,100	500
Drafts outstanding	19,797	(16,620)
Cash flows from (used in) financing activities	123,541	130,930
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	37,233	125,554
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	96,157	370,286
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 133,390	$ 495,840

Business and Basis of Presentat

Business and Basis of Presentation	3 Months Ended
	Mar. 31, 2017
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. Through March 31, 2016, the Company reinsured the majority of its variable annuity living benefit guarantees to an affiliated reinsurance company, Pruco Reinsurance, Ltd. ("Pruco Re"). Effective April 1, 2016, the Company recaptured the risks related to its variable annuity living benefit guarantees that were previously reinsured to Pruco Re. In addition, the Company reinsured variable annuity base contracts, along with the living benefit guarantees, to Prudential Annuities Life Assurance Corporation ("PALAC"), excluding the PLNJ business, which was reinsured to Prudential Insurance, in each case under a coinsurance and modified coinsurance agreement. These reinsurance agreements cover new and in force business and exclude business reinsured externally. The product risks related to the reinsured business are being managed in PALAC and Prudential Insurance, as applicable. In addition, the living benefit hedging program related to the reinsured living benefit guarantees is being managed within PALAC and Prudential Insurance, as applicable. These series of transactions are collectively referred to as the "Variable Annuities Recapture". The financial statement impacts of these transactions were as follows: Affected Financial Statement Lines Only Interim Statement of Financial Position Balance as of March 31, 2016 Impacts of Recapture Impacts of Reinsurance Total (in millions) ASSETS Total investments(1) $ 10,702 $ 4,166 $ (7,719 ) $ 7,149 Cash and cash equivalents 496 0 12 508 Deferred policy acquisition costs 4,565 0 (3,449 ) 1,116 Reinsurance recoverables 24,781 (6,312 ) 10,267 28,736 Deferred sales inducements 550 0 (550 ) 0 Other assets 94 0 211 305 Income taxes 0 0 23 23 TOTAL ASSETS 151,859 (2,146 ) (1,205 ) 148,508 LIABILITIES AND EQUITY LIABILITIES Income taxes $ 91 $ 17 $ 0 $ 108 Short-term and long-term debt to affiliates(2) 1,385 0 (1,384 ) 1 Other liabilities 870 0 0 870 TOTAL LIABILITIES 147,554 17 (1,384 ) 146,187 EQUITY Retained earnings(3) 3,337 (2,163 ) 258 1,432 Accumulated other comprehensive income 180 0 (79 ) 101 TOTAL EQUITY 4,305 (2,163 ) 179 2,321 TOTAL LIABILITIES AND EQUITY 151,859 (2,146 ) (1,205 ) 148,508 Significant Non-Cash Transactions (1) The decline in total investments includes non-cash activities of $7.7 billion for asset transfers related to the reinsurance transaction with PALAC and Prudential Insurance, partially offset by $4.2 billion of assets received related to the recapture transaction with Pruco Re. (2) The Company received ceding commissions of $3.6 billion and $0.4 billion from PALAC and Prudential Insurance, respectively, of which $1.1 billion and $0.1 billion were in the form of reassignment of debt to PALAC and Prudential Insurance, respectively. (3) Retained earnings includes dividends of $2.8 billion to Prudential Insurance, and then distributed to Prudential Financial, as part of the Variable Annuities Recapture. Statement of Operations and Comprehensive Income (Loss) Day 1 Impact of the Variable Annuities Recapture Impacts of Recapture Impacts of Reinsurance Total Impacts (in millions) REVENUES Premiums $ 0 $ (880 ) $ (880 ) Realized investment gains (losses), net (2,146 ) 2,951 805 TOTAL REVENUES (2,146 ) 2,071 (75 ) BENEFITS AND EXPENSES Policyholders' benefits 0 (547 ) (547 ) General, administrative and other expenses 0 (211 ) (211 ) TOTAL BENEFITS AND EXPENSES 0 (758 ) (758 ) INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES (2,146 ) 2,829 683 Income tax expense (benefit) 17 (23 ) (6 ) NET INCOME (LOSS) $ (2,163 ) $ 2,852 $ 689 As part of the Variable Annuities Recapture, the Company received invested assets of $4.2 billion as consideration from Pruco Re, which is equivalent to the amount of statutory reserve credit taken as of March 31, 2016 and unwound the associated reinsurance recoverable of $6.3 billion . As a result, the Company recognized a loss of $2.1 billion immediately. As part of the Variable Annuities Recapture, the Company transferred invested assets of $7 billion and $0.7 billion to PALAC and Prudential Insurance, respectively, and established reinsurance recoverables of $10.3 billion . In addition, the Company received ceding commissions of $3.6 billion and $0.4 billion from PALAC and Prudential Insurance, respectively, of which $1.1 billion and $0.1 billion were in the form of reassignment of debt to PALAC and Prudential Insurance, respectively. Also, the Company unwound its deferred policy acquisition costs ("DAC") and deferred sales inducements ("DSI") balances related to its variable annuity contracts as of March 31, 2016, which was equivalent to the ceding commission. For the reinsurance of the variable annuity base contracts, the Company recognized a loss of $0.2 billion , which was deferred and will subsequently be amortized through General, administrative and other expenses. For the reinsurance of the living benefit guarantees, the Company recognized a benefit of $2.8 billion immediately since the reinsurance contract is accounted for as a free-standing derivative. The Company paid a dividend of $2.6 billion to Prudential Insurance, which was then distributed to Prudential Financial. The following table summarizes the asset transfers related to Variable Annuities Recapture between the Company and its affiliates. Affiliate Period Transaction Security Type Fair Value Book Value APIC and Retained Earnings Increase/(Decrease) Realized Investment Gain/(Loss), Net (in millions) Pruco Re Apr - June 2016 Purchase Derivatives $ 4,166 $ 4,166 $ 0 $ 0 PALAC Apr - June 2016 Sale Fixed Maturity, Trading Account Assets, Commercial Mortgages, Derivatives and JV/LP Investments $ (6,994 ) $ (6,872 ) $ 0 $ 122 Prudential Insurance Apr - June 2016 Dividend Fixed Maturity $ (19 ) $ (19 ) $ (19 ) $ 0 Prudential Insurance Apr - June 2016 Sale Fixed Maturity, Trading Account Assets, Equity Securities, Commercial Mortgages and Derivatives $ (717 ) $ (703 ) $ 15 $ 0 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, 2016 . 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 DAC and related amortization; amortization of 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. Revision to Prior Period Consolidated Financial Statements In 2016, the Company identified errors in the calculation of reserves for certain individual life insurance products that impacted several line items within our previously issued consolidated financial statements. Prior period amounts have been revised in the Consolidated Financial Statements and related disclosures to correct these errors. Management evaluated these adjustments and concluded they were not material to any previously reported quarterly or annual financial statements. See Note 11 for a more detailed description of the revisions and for comparisons of amounts previously reported to the revised amounts. 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, 2017
Accounting Policies [Abstract]
Significant Accounting Policies and Pronouncements	SIGNIFICANT ACCOUNTING POLICIES AND PRONOUNCEMENTS Recent Accounting Pronouncements Changes to U.S. GAAP are established by the Financial Accounting Standards Board ("FASB") in the form of accounting standards updates ("ASU") to the FASB Accounting Standards Codification. The Company considers the applicability and impact of all ASU. ASU listed below include those that have been adopted during the current fiscal year and/or those that have been issued but not yet adopted as of the date of this filing. ASU not listed below were assessed and determined to be either not applicable or not material. There have been no ASU adopted during the current quarter ended March 31, 2017 . ASU issued but not yet adopted as of the reporting date March 31, 2017 Standard Description Effective date and method of adoption Effect on the financial statements or other significant matters ASU 2014-09, Revenue from Contracts with Customers (Topic 606) The ASU is based on the core principle that revenue is recognized to depict the transfer of promised 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 standard also requires additional disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, and assets recognized from the costs to obtain or fulfill a contract with a customer. Revenue recognition for insurance contracts and financial instruments are explicitly scoped out of the standard. January 1, 2018 using one of two retrospective application methods (early adoption permitted beginning January 1, 2017). The Company plans to adopt the standard on January 1, 2018 using the modified retrospective application. Given that insurance contracts and financial instruments are explicitly scoped out of the standard, the Company does not expect the adoption of the ASU to have a significant impact on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements. ASU 2016-01 , The ASU 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 standard also amends certain disclosure requirements associated with the fair value of financial instruments. January 1, 2018 using the modified retrospective method. The amendments are to be applied prospectively as they relate to equity investments without readily determinable fair value. The Company’s equity investments, except for those accounted for using the equity method, will generally be carried on the Consolidated Statements of Financial Position at fair value with changes in fair value reported in current earnings. The Company is continuing to assess additional impacts of the ASU on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements. Standard Description Effective date and method of adoption Effect on the financial statements or other significant matters ASU 2016-13 , This ASU provides a new current expected credit loss model to account for credit losses on certain financial assets and off-balance sheet exposures (e.g., loans held for investment, debt securities held to maturity, reinsurance receivables, net investments in leases and loan commitments). The model requires an entity to estimate lifetime credit losses related to such financial assets and exposures based on relevant information about past events, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. The standard also modifies the current other-than-temporary impairment standard for available-for-sale debt securities to require the use of an allowance rather than a direct write down of the investment, and replaces existing standard for purchased credit deteriorated loans and debt securities. January 1, 2020 using the modified retrospective method, however prospective application is required for purchased credit deteriorated assets previously accounted for under ASU 310-30 and for debt securities for which an other-than-temporary-impairment was recognized prior to the date of adoption. Early adoption is permitted beginning January 1, 2019. The Company is currently assessing the impact of the ASU on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements. ASU 2016-15 , This ASU addresses diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The standard provides clarity on the treatment of eight specifically defined types of cash inflows and outflows. January 1, 2018 using the retrospective method (with early adoption permitted provided that all amendments are adopted in the same period). The Company is currently assessing the impact of the ASU on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements. Update 2016-18 , Statement of Cash Flows (Topic 230): Restricted Cash In November 2016, the FASB issued this ASU to address diversity in practice from entities classifying and presenting transfers between cash and restricted cash as operating, investing, or financing activities, or as a combination of those activities in the Statement of Cash Flows. The ASU requires entities to show the changes in the total of cash, cash equivalents, restricted cash, and restricted cash equivalents in the Statement of Cash Flows. As a result, transfers between such categories will no longer be presented in the Statement of Cash Flows. January 1, 2018 using the retrospective method (with early adoption permitted). The Company is currently assessing the impact of the ASU on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements Standard Description Effective date and method of adoption Effect on the financial statements or other significant matters ASU 2017-08, Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20) Premium Amortization on Purchased Callable Debt Securities This ASU requires certain premiums on callable debt securities to be amortized to the earliest call date. January 1, 2019 using the modified retrospective method (with early adoption permitted). The Company is currently assessing the impact of the ASU on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements.

Investments

Investments	3 Months Ended
	Mar. 31, 2017
Investments [Abstract]
Investments	INVESTMENTS Fixed Maturities and Equity Securities The following tables set forth information relating to fixed maturities and equity securities (excluding investments classified as trading), as of the dates indicated: March 31, 2017 Amortized Cost or 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 $ 132,083 $ 5,727 $ 47 $ 137,763 $ 0 Obligations of U.S. states and their political subdivisions 647,583 15,220 5,516 657,287 0 Foreign government bonds 108,750 3,571 1,891 110,430 0 Public utilities 819,436 36,857 9,308 846,985 0 Redeemable preferred stock 4,165 854 169 4,850 0 All other U.S. public corporate securities 1,769,707 69,899 25,258 1,814,348 (214 ) All other U.S. private corporate securities 706,676 17,247 4,466 719,457 (236 ) All other foreign public corporate securities 210,101 8,586 2,437 216,250 0 All other foreign private corporate securities 595,227 7,136 22,641 579,722 0 Asset-backed securities(1) 160,224 5,382 146 165,460 (2,413 ) Commercial mortgage-backed securities 356,047 5,534 4,473 357,108 0 Residential mortgage-backed securities(2) 79,002 3,103 357 81,748 (261 ) Total fixed maturities, available-for-sale $ 5,589,001 $ 179,116 $ 76,709 $ 5,691,408 $ (3,124 ) Equity securities, available-for-sale: Common stocks: Mutual funds $ 20,701 $ 1,153 $ 5 $ 21,849 Public utilities 66 3 7 62 Industrial, miscellaneous & other 0 82 0 82 Total equity securities, available-for-sale $ 20,767 $ 1,238 $ 12 $ 21,993 (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 $7.5 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, 2016 Amortized 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 $ 154,180 $ 6,593 $ 33 $ 160,740 $ 0 Obligations of U.S. states and their political subdivisions 618,447 14,592 6,553 626,486 0 Foreign government bonds 111,025 2,143 4,386 108,782 0 Public utilities 706,536 33,950 10,519 729,967 0 Redeemable preferred stock 4,136 834 156 4,814 0 All other U.S. public corporate securities 1,802,350 67,908 28,846 1,841,412 (215 ) All other U.S. private corporate securities 714,776 14,555 7,702 721,629 (236 ) All other foreign public corporate securities 216,428 7,371 4,127 219,672 0 All other foreign private corporate securities 577,761 4,866 33,455 549,172 0 Asset-backed securities(1) 184,414 5,164 562 189,016 (2,534 ) Commercial mortgage-backed securities 382,717 5,783 5,829 382,671 0 Residential mortgage-backed securities(2) 80,141 3,355 308 83,188 (274 ) Total fixed maturities, available-for-sale $ 5,552,911 $ 167,114 $ 102,476 $ 5,617,549 $ (3,259 ) Equity securities, available-for-sale: Common stocks: Mutual funds $ 16,324 $ 441 $ 124 $ 16,641 Public utilities 66 2 28 40 Industrial, miscellaneous & other 0 75 0 75 Total equity securities, available-for-sale $ 16,390 $ 518 $ 152 $ 16,756 (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 $8.1 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 following tables set forth the fair value and gross unrealized losses aggregated by investment category and length of time that individual fixed maturities and equity securities had been in a continuous unrealized loss position, as of the dates indicated: March 31, 2017 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 $ 9,218 $ 47 $ 0 $ 0 $ 9,218 $ 47 Obligations of U.S. states and their political subdivisions 213,862 5,516 0 0 213,862 5,516 Foreign government bonds 47,111 1,718 1,848 173 48,959 1,891 Public utilities 290,056 7,204 21,731 2,104 311,787 9,308 Redeemable preferred stock 0 0 0 169 0 169 All other U.S. public corporate securities 578,297 17,966 70,126 7,292 648,423 25,258 All other U.S. private corporate securities 143,113 2,691 31,243 1,775 174,356 4,466 All other foreign public corporate securities 62,368 1,985 5,920 452 68,288 2,437 All other foreign private corporate securities 185,083 6,302 123,941 16,339 309,024 22,641 Asset-backed securities 13,020 110 29,171 36 42,191 146 Commercial mortgage-backed securities 173,368 4,473 395 0 173,763 4,473 Residential mortgage-backed securities 35,556 352 938 5 36,494 357 Total fixed maturities, available-for-sale $ 1,751,052 $ 48,364 $ 285,313 $ 28,345 $ 2,036,365 $ 76,709 Equity securities, available-for-sale $ 4,995 $ 5 $ 59 $ 7 $ 5,054 $ 12 December 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 $ 603 $ 33 $ 0 $ 0 $ 603 $ 33 Obligations of U.S. states and their political subdivisions 239,146 6,553 0 0 239,146 6,553 Foreign government bonds 81,074 4,055 1,690 331 82,764 4,386 Public utilities 207,226 7,847 21,394 2,672 228,620 10,519 Redeemable preferred stock 0 0 0 156 0 156 All other U.S. public corporate securities 568,763 20,695 73,575 8,151 642,338 28,846 All other U.S. private corporate securities 232,561 6,082 29,071 1,620 261,632 7,702 All other foreign public corporate securities 86,492 3,188 5,433 939 91,925 4,127 All other foreign private corporate securities 236,512 13,604 101,858 19,851 338,370 33,455 Asset-backed securities 37,355 492 49,346 70 86,701 562 Commercial mortgage-backed securities 191,674 5,827 947 2 192,621 5,829 Residential mortgage-backed securities 36,224 302 1,045 6 37,269 308 Total fixed maturities, available-for-sale $ 1,917,630 $ 68,678 $ 284,359 $ 33,798 $ 2,201,989 $ 102,476 Equity securities, available-for-sale $ 0 $ 0 $ 2,965 $ 152 $ 2,965 $ 152 As of March 31, 2017 and December 31, 2016 the gross unrealized losses were composed of $68.9 million and $93.3 million , respectively, related to high or highest quality securities based on the National Association of Insurance Commissioners (“NAIC”) or equivalent rating and $7.8 million and $9.2 million , respectively, related to other than high or highest quality securities based on NAIC or equivalent rating. As of March 31, 2017 , the $28.3 million of gross unrealized losses of twelve months or more were concentrated in the energy , finance and consumer non-cyclical sectors of the Company's corporate securities. As of December 31, 2016 , the $33.8 million of gross unrealized losses of twelve months or more were concentrated in the energy , finance and utility 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, 2016 , the Company concluded that an adjustment to earnings for OTTI for these fixed maturities was not warranted at either March 31, 2017 or December 31, 2016 . These conclusions are based on a detailed analysis of the underlying credit and cash flows on each security. Gross unrealized losses are primarily attributable to general credit spread widening, increases in interest rates and foreign currency exchange rate movements. As of March 31, 2017 , the Company did not intend to sell these securities, and it was not more likely than not that the Company would be required to sell these securities before the anticipated recovery of the remaining amortized cost basis. As of March 31, 2017 , none of the gross unrealized losses related to equity securities represented declines in value of 20% or more. As of December 31, 2016 , none of the gross unrealized losses related to equity securities represented declines in value of 20% or more. 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, 2016 , the Company concluded that an adjustment to earnings for OTTI for these equity securities was not warranted at either March 31, 2017 or December 31, 2016 . The following table sets forth the amortized cost and fair value of fixed maturities by contractual maturities, as of the date indicated: March 31, 2017 Amortized Cost Fair Value (in thousands) Fixed maturities, available-for-sale: Due in one year or less $ 288,127 $ 291,275 Due after one year through five years 764,383 779,090 Due after five years through ten years 901,656 908,555 Due after ten years 3,039,562 3,108,172 Asset-backed securities 160,224 165,460 Commercial mortgage-backed securities 356,047 357,108 Residential mortgage-backed securities 79,002 81,748 Total fixed maturities, available-for-sale $ 5,589,001 $ 5,691,408 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 do not have a single maturity date. The following table sets forth 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, for the periods indicated: Three Months Ended March 31, 2017 2016 (in thousands) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 287,708 $ 279,272 Proceeds from maturities/prepayments 114,846 169,867 Gross investment gains from sales and maturities 3,197 2,794 Gross investment losses from sales and maturities (2,823 ) (1,568 ) OTTI recognized in earnings(2) (4,404 ) (16,150 ) Equity securities, available-for-sale: Proceeds from sales $ 510 $ 10 Gross investment gains from sales 10 0 Gross investment losses from sales 0 0 OTTI recognized in earnings (124 ) 0 (1) Includes $37.9 million and $(10.3) million of non-cash related proceeds for the three months ended March 31, 2017 and 2016 , respectively. (2) Excludes the portion of OTTI recorded in “Other comprehensive income (loss)” ("OCI"), 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. The following tables set forth the amount of pre-tax credit loss impairments on fixed maturity securities held by the Company for which a portion of the OTTI loss was recognized in OCI and the corresponding changes in such amounts, for the periods indicated: Three Months Ended March 31, 2017 2016 (in thousands) Credit loss impairments: Balance, beginning of period $ 5,520 $ 7,041 New credit loss impairments 0 420 Increases due to the passage of time on previously recorded credit losses 27 53 Reductions for securities which matured, paid down, prepaid or were sold during the period (118 ) (907 ) Reductions for securities impaired to fair value during the period(1) 0 (670 ) Accretion of credit loss impairments previously recognized due to an increase in cash flows expected to be collected (72 ) (79 ) Balance, end of period $ 5,357 $ 5,858 (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, 2017 December 31, 2016 Amortized Cost or Cost Fair Value Amortized Fair Value (in thousands) Fixed maturities $ 23,558 $ 20,224 $ 23,555 $ 19,558 Equity securities 11,929 17,190 11,929 15,770 Total trading account assets $ 35,487 $ 37,414 $ 35,484 $ 35,328 The net change in unrealized gains (losses) from trading account assets still held at period end, recorded within “Other income,” was $2.1 million and $2.2 million for the three months ended March 31, 2017 and 2016 , respectively. Commercial Mortgage and Other Loans The following table sets forth the composition of the Company's commercial mortgage and other loans, as of the dates indicated: March 31, 2017 December 31, 2016 Amount (in thousands) % of Total Amount (in thousands) % of Total Commercial mortgage and agricultural property loans by property type: Apartments/Multi-Family $ 345,631 28.2 % $ 318,667 27.7 % Hospitality 54,229 4.4 54,597 4.7 Industrial 213,704 17.5 185,682 16.1 Office 181,674 14.9 161,980 14.1 Other 124,182 10.2 124,465 10.8 Retail 239,175 19.6 243,225 21.1 Total commercial mortgage loans 1,158,595 94.8 1,088,616 94.5 Agricultural property loans 62,929 5.2 63,323 5.5 Total commercial mortgage and agricultural property loans 1,221,524 100.0 % 1,151,939 100.0 % Valuation allowance (1,697 ) (1,558 ) Total commercial mortgage and other loans $ 1,219,827 $ 1,150,381 As of March 31, 2017 , the commercial mortgage and agricultural property loans were geographically dispersed throughout the United States (with the largest concentrations in California ( 23% ), Texas ( 15% ) and Illinois ( 7% )) and included loans secured by properties in Australia and Europe. The following tables set forth the activity in the allowance for credit losses for commercial mortgage and other loans, as of the dates indicated: March 31, 2017 Commercial Mortgage Loans Agricultural Property Loans Total (in thousands) Allowance for credit losses: Balance, beginning of year $ 1,513 $ 45 $ 1,558 Addition to (release of) allowance for losses 139 0 139 Charge-offs, net of recoveries 0 0 0 Total ending balance $ 1,652 $ 45 $ 1,697 December 31, 2016 Commercial Mortgage Loans Agricultural Property Loans Total (in thousands) Allowance for credit losses: Balance, beginning of year $ 2,587 $ 64 $ 2,651 Addition to (release of) allowance for losses (1,074 ) (19 ) (1,093 ) Charge-offs, net of recoveries 0 0 0 Total ending balance $ 1,513 $ 45 $ 1,558 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, 2017 Commercial Mortgage Loans Agricultural Property Loans Total (in thousands) Allowance for credit losses: Individually evaluated for impairment $ 0 $ 0 $ 0 Collectively evaluated for impairment 1,652 45 1,697 Total ending balance(1) $ 1,652 $ 45 $ 1,697 Recorded investment(2): Individually evaluated for impairment $ 2,476 $ 0 $ 2,476 Collectively evaluated for impairment 1,156,119 62,929 1,219,048 Total ending balance(1) $ 1,158,595 $ 62,929 $ 1,221,524 (1) As of March 31, 2017 , there were no loans acquired with deteriorated credit quality. (2) Recorded investment reflects the carrying value gross of related allowance. December 31, 2016 Commercial Mortgage Loans Agricultural Property Loans Total (in thousands) Allowance for credit losses: Individually evaluated for impairment $ 0 $ 0 $ 0 Collectively evaluated for impairment 1,513 45 1,558 Total ending balance(1) $ 1,513 $ 45 $ 1,558 Recorded investment(2): Individually evaluated for impairment $ 2,528 $ 0 $ 2,528 Collectively evaluated for impairment 1,086,088 63,323 1,149,411 Total ending balance(1) $ 1,088,616 $ 63,323 $ 1,151,939 (1) As of December 31, 2016 , there were no loans acquired with deteriorated credit quality. (2) Recorded investment reflects the carrying value gross of related allowance. The following tables set forth certain key credit quality indicators for commercial mortgage and agricultural property loans based upon the recorded investment gross of allowance for credit losses, as of the dates indicated: Debt Service Coverage Ratio - March 31, 2017 ≥ 1.2X 1.0X to < 1.2X < 1.0X Total Loans (in thousands) Loan-to-Value Ratio: 0%-59.99% $ 726,744 $ 19,705 $ 0 $ 746,449 60%-69.99% 323,448 5,371 2,945 331,764 70%-79.99% 108,213 30,369 0 138,582 80% or greater 4,492 237 0 4,729 Total loans $ 1,162,897 $ 55,682 $ 2,945 $ 1,221,524 Debt Service Coverage Ratio - December 31, 2016 ≥ 1.2X 1.0X to < 1.2X < 1.0X Total Loans (in thousands) Loan-to-Value Ratio: 0%-59.99% $ 732,473 $ 19,844 $ 0 $ 752,317 60%-69.99% 267,122 7,515 900 275,537 70%-79.99% 88,811 30,533 0 119,344 80% or greater 4,503 0 238 4,741 Total loans $ 1,092,909 $ 57,892 $ 1,138 $ 1,151,939 The following tables set forth the aging of past due commercial mortgage and other loans, based upon the recorded investment gross of allowance for credit losses, as well as the amount of commercial mortgage and other loans on non-accrual status, as of the dates indicated: March 31, 2017 Current 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due(1) Total Loans Non-Accrual Status(2) (in thousands) Commercial mortgage loans $ 1,158,595 $ 0 $ 0 $ 0 $ 1,158,595 $ 0 Agricultural property loans 62,929 0 0 0 62,929 0 Total $ 1,221,524 $ 0 $ 0 $ 0 $ 1,221,524 $ 0 (1) As of March 31, 2017 , there were no loans in this category accruing interest. (2) For additional information on the Company's policies for accruing interest on loans, 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, 2016 for further discussion regarding non-accrual status loans. December 31, 2016 Current 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due(1) Total Loans Non-Accrual Status(2) (in thousands) Commercial mortgage loans $ 1,088,616 $ 0 $ 0 $ 0 $ 1,088,616 $ 0 Agricultural property loans 63,323 0 0 0 63,323 0 Total $ 1,151,939 $ 0 $ 0 $ 0 $ 1,151,939 $ 0 (1) As of December 31, 2016 , there were no loans in this category accruing interest. (2) For additional information on the Company's policies for accruing interest on loans, 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, 2016 for further discussion regarding non-accrual status loans. For the three months ended March 31, 2017 and 2016 , 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. For the three months ended March 31, 2017 and 2016 , 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. As of both March 31, 2017 and December 31, 2016 , the Company had no significant commitments to provide additional funds to borrowers that had been involved in a troubled debt restructuring. 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, 2016 . Other Long-Term Investments The following table sets forth the composition of “Other long-term investments,” as of the dates indicated: March 31, 2017 December 31, 2016 (in thousands) Company's investment in separate accounts $ 35,687 $ 34,088 Joint ventures and limited partnerships: Private equity 143,359 139,493 Hedge funds 85,724 81,104 Real estate-related 11,766 11,912 Total joint ventures and limited partnerships 240,849 232,509 Derivatives 71,535 77,866 Total other long-term investments $ 348,071 $ 344,463 Net Investment Income The following table sets forth net investment income by investment type, for the periods indicated: Three Months Ended March 31, 2017 2016 (in thousands) Fixed maturities, available-for-sale $ 59,067 $ 75,710 Equity securities, available-for-sale 0 0 Trading account assets 400 759 Commercial mortgage and other loans 13,116 19,773 Policy loans 15,628 15,498 Short-term investments and cash equivalents 187 737 Other long-term investments 6,379 (880 ) Gross investment income 94,777 111,597 Less: investment expenses (5,162 ) (6,145 ) Net investment income $ 89,615 $ 105,452 Realized Investment Gains (Losses), Net The following table sets forth realized investment gains (losses), net, by investment type, for the periods indicated: Three Months Ended March 31, 2017 2016 (in thousands) Fixed maturities $ (4,030 ) $ (14,924 ) Equity securities (114 ) 0 Commercial mortgage and other loans (139 ) 562 Joint ventures and limited partnerships (73 ) (148 ) Derivatives (28,217 ) 69,647 Other long-term investments 0 0 Short-term investments and cash equivalents (6 ) 14 Realized investment gains (losses), net $ (32,579 ) $ 55,151 Net Unrealized Gains (Losses) on Investments by Asset Class The following table sets forth net unrealized gains (losses) on investments by asset class, as of the dates indicated: March 31, 2017 December 31, 2016 (in thousands) Fixed maturity securities, available-for-sale — with OTTI $ 4,354 $ 4,883 Fixed maturity securities, available-for-sale — all other 98,053 59,755 Equity securities, available-for-sale 1,226 366 Derivatives designated as cash flow hedges(1) 30,670 40,931 Affiliated notes 5,013 5,056 Other investments 1,494 1,441 Net unrealized gains (losses) on investments $ 140,810 $ 112,432 (1) See Note 6 for more information on cash flow hedges. 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. The following tables set forth the composition of "Cash collateral for loaned securities," as of the dates indicated: March 31, 2017 Remaining Contractual Maturities of the Agreements Overnight & Continuous Up to 30 Days 30 to 90 Days Greater than 90 Days Total (in thousands) U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 1,044 $ 0 $ 0 $ 0 $ 1,044 Obligations of U.S. states and their political subdivisions 1,676 0 0 0 1,676 Foreign government bonds 7,619 0 0 0 7,619 U.S. public corporate securities 54,781 0 0 0 54,781 Foreign public corporate securities 9,084 0 0 0 9,084 Total cash collateral for loaned securities $ 74,204 $ 0 $ 0 $ 0 $ 74,204 December 31, 2016 Remaining Contractual Maturities of the Agreements Overnight & Continuous Up to 30 Days 30 to 90 Days Greater than 90 Days Total (in thousands) U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 0 $ 0 $ 0 $ 0 Obligations of U.S. states and their political subdivisions 0 0 0 0 0 Foreign government bonds 6,827 0 0 0 6,827 U.S. public corporate securities 62,584 0 0 0 62,584 Foreign public corporate securities 5,565 0 0 0 5,565 Total cash collateral for loaned securities $ 74,976 $ 0 $ 0 $ 0 $ 74,976 The following tables set forth the composition of "Securities sold under agreements to repurchase," as of the dates indicated: March 31, 2017 Remaining Contractual Maturities of the Agreements Overnight & Continuous Up to 30 Days 30 to 90 Days Greater than 90 Days Total (in thousands) U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 24,714 $ 0 $ 0 $ 0 $ 24,714 Total securities sold under agreements to repurchase $ 24,714 $ 0 $ 0 $ 0 $ 24,714 December 31, 2016 Remaining Contractual Maturities of the Agreements Overnight & Continuous Up to 30 Days 30 to 90 Days Greater than 90 Days Total (in thousands) U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 68,904 $ 0 $ 0 $ 0 $ 68,904 Total securities sold under agreements to repurchase $ 68,904 $ 0 $ 0 $ 0 $ 68,904

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Income Tax	INCOME TAXES The Company uses a full year projected effective tax rate approach to calculate taxes at interim periods. In addition, certain items impacting total income tax expense are recorded in the periods in which they occur. The projected effective tax rate is the ratio of projected “Total income tax expense” divided by projected “Income from operations before income taxes”. Our income tax provision amounted to an income tax benefit of $18.5 million , or -85.3% of income from operations before income taxes in the first quarter of 2017, compared to a benefit of $44.1 million , or 11.9% of loss from operations before income taxes in the first quarter of 2016. The Company’s current effective tax rate differed from the U.S. statutory rate of 35% primarily due to non-taxable investment income, tax credits, and domestic production activities deduction while its prior effective tax rate differed primarily due to non-taxable investment income and tax credits.

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	3 Months Ended
	Mar. 31, 2017
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, 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. As of March 31, 2017 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 $ 134,168 $ 3,595 $ 0 $ 137,763 Obligations of U.S. states and their political subdivisions 0 657,287 0 0 657,287 Foreign government bonds 0 110,430 0 0 110,430 U.S. corporate public securities 0 2,405,204 1,160 0 2,406,364 U.S. corporate private securities 0 867,750 32,507 0 900,257 Foreign corporate public securities 0 218,486 0 0 218,486 Foreign corporate private securities 0 641,356 15,149 0 656,505 Asset-backed securities(4) 0 77,117 88,343 0 165,460 Commercial mortgage-backed securities 0 357,108 0 0 357,108 Residential mortgage-backed securities 0 81,748 0 0 81,748 Subtotal 0 5,550,654 140,754 0 5,691,408 Trading account assets: Corporate securities 0 19,922 0 0 19,922 Asset-backed securities(4) 0 302 0 0 302 Equity securities 0 0 17,190 0 17,190 Subtotal 0 20,224 17,190 0 37,414 Equity securities, available-for-sale 63 21,848 82 0 21,993 Short-term investments 7,000 19,989 0 0 26,989 Cash equivalents 5,856 11,984 0 0 17,840 Other long-term investments 0 90,800 19 (19,284 ) 71,535 Reinsurance recoverables 0 0 5,080,379 0 5,080,379 Receivables from parent and affiliates 0 137,394 0 0 137,394 Subtotal excluding separate account assets 12,919 5,852,893 5,238,424 (19,284 ) 11,084,952 Separate account assets(2) 0 119,776,488 0 0 119,776,488 Total assets $ 12,919 $ 125,629,381 $ 5,238,424 $ (19,284 ) $ 130,861,440 Future policy benefits(3) $ 0 $ 0 $ 4,632,555 $ 0 $ 4,632,555 Policyholders' account balances 0 0 24,867 0 24,867 Payables to parent and affiliates 0 19,123 0 (19,123 ) 0 Total liabilities $ 0 $ 19,123 $ 4,657,422 $ (19,123 ) $ 4,657,422 As of December 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 $ 160,740 $ 0 $ 0 $ 160,740 Obligations of U.S. states and their political subdivisions 0 626,486 0 0 626,486 Foreign government bonds 0 108,782 0 0 108,782 U.S. corporate public securities 0 2,306,409 55,109 0 2,361,518 U.S. corporate private securities 0 851,585 32,699 0 884,284 Foreign corporate public securities 0 221,848 0 0 221,848 Foreign corporate private securities 0 584,268 14,748 0 599,016 Asset-backed securities(4) 0 169,160 19,856 0 189,016 Commercial mortgage-backed securities 0 382,671 0 0 382,671 Residential mortgage-backed securities 0 83,188 0 0 83,188 Subtotal 0 5,495,137 122,412 0 5,617,549 Trading account assets: Corporate securities 0 19,256 0 0 19,256 Asset-backed securities(4) 0 302 0 0 302 Equity securities 0 0 15,770 0 15,770 Subtotal 0 19,558 15,770 0 35,328 Equity securities, available-for-sale 41 16,640 75 0 16,756 Short-term investments 31,007 5,650 0 0 36,657 Cash equivalents 5,644 1,998 0 0 7,642 Other long-term investments 0 90,884 0 (13,019 ) 77,865 Reinsurance recoverables 0 0 5,474,263 0 5,474,263 Receivables from parent and affiliates 0 131,144 6,493 0 137,637 Subtotal excluding separate account assets 36,692 5,761,011 5,619,013 (13,019 ) 11,403,697 Separate account assets(2) 0 116,040,888 0 0 116,040,888 Total assets $ 36,692 $ 121,801,899 $ 5,619,013 $ (13,019 ) $ 127,444,585 Future policy benefits(3) $ 0 $ 0 $ 5,041,007 $ 0 $ 5,041,007 Policyholders' account balances 0 0 20,337 0 20,337 Payables to parent and affiliates 0 12,854 0 (12,854 ) 0 Total liabilities $ 0 $ 12,854 $ 5,061,344 $ (12,854 ) $ 5,061,344 (1) “Netting” amounts represent cash collateral of $0.2 million and $0.2 million as of March 31, 2017 and December 31, 2016 , 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, 2017 , the net embedded derivative liability position of $4,633 million includes $1,235 million of embedded derivatives in an asset position and $5,868 million of embedded derivatives in a liability position. As of December 31, 2016 , the net embedded derivative liability position of $5,041 million includes $1,157 million of embedded derivatives in an asset position and $6,198 million of embedded derivatives in a liability position. (4) Includes credit tranched securities collateralized by sub-prime mortgages, auto loans, credit cards, education loans and other asset types. 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 the 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, 2017 and December 31, 2016 , 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 fixed maturity securities and equity securities 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. 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 and 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. 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. 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”. Separate account assets excluded from the fair value hierarchy, include investments in real estate, hedge funds and other invested assets, for which fair value is measured at NAV per share (or its equivalent) as a practical expedient. At March 31, 2017 and December 31, 2016, the fair values of such investments were $619 million and $566 million , respectively. Receivables from Parent and Affiliates – Receivables from parent and affiliates carried at fair value include affiliated bonds within the Company’s legal entity where fair value is 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 8 ). 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, guaranteed minimum withdrawal benefits and guaranteed minimum income and withdrawal benefits, 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 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. Policyholders' account balances – The liability for policyholders' account balances is related to certain embedded derivative instruments associated with certain policyholders' account balances. The fair values are determined consistent with similar derivative instruments described above under "Derivative Instruments". 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, 2017 and 2016 , 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. As of March 31, 2017 Internal(1) External(2) Total (in thousands) U.S Treasury securities and obligations of U.S government authorities and agencies $ 0 $ 3,595 $ 3,595 Corporate securities(3) 46,854 1,962 48,816 Asset-backed securities(4) 35 88,308 88,343 Equity securities 4,008 13,264 17,272 Other long-term investments 19 0 19 Reinsurance recoverables 5,080,379 0 5,080,379 Receivables from parent and affiliates 0 0 0 Total assets $ 5,131,295 $ 107,129 $ 5,238,424 Future policy benefits $ 4,632,555 $ 0 $ 4,632,555 Policyholders' account balances 24,867 0 24,867 Total liabilities $ 4,657,422 $ 0 $ 4,657,422 As of December 31, 2016 Internal(1) External(2) Total (in thousands) U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 0 $ 0 Corporate securities(3) 45,715 56,841 102,556 Asset-backed securities(4) 55 19,801 19,856 Equity securities 3,014 12,831 15,845 Other long-term investments 0 0 0 Reinsurance recoverables 5,474,263 0 5,474,263 Receivables from parent and affiliates 0 6,493 6,493 Total assets $ 5,523,047 $ 95,966 $ 5,619,013 Future policy benefits $ 5,041,007 $ 0 $ 5,041,007 Policyholders' account balances 20,337 0 20,337 Total liabilities $ 5,061,344 $ 0 $ 5,061,344 (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. 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. As of March 31, 2017 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) $ 46,854 Discounted cash flow Discount rate 1.25 % 11.81 % 7.34 % Decrease Reinsurance recoverables - Living Benefits $ 4,640,172 Fair values are determined in the same manner as future policy benefits Reinsurance recoverables - No Lapse Guarantee $ 440,207 Discounted cash flow Lapse rate (3 ) 0 % 12 % Decrease NPR spread (4 ) 0.19 % 1.42 % Decrease Mortality rate (5 ) 0 % 31 % Decrease Premium Payment (6 ) 0.65 X 0.95 X Decrease Liabilities: Future policy benefits(7) $ 4,632,555 Discounted cash flow Lapse rate (8 ) 0 % 13 % Decrease NPR spread (4 ) 0.19 % 1.42 % Decrease Utilization rate (9 ) 52 % 96 % Increase Withdrawal rate See table footnote (10) below Mortality rate (11 ) 0 % 14 % Decrease Equity volatility curve 14 % 25 % Increase As of December 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) $ 45,715 Discounted cash flow Discount rate 4.54 % 15.00 % 8.06 % Decrease Market comparables EBITDA multiples(2) 4.0 X 4.0 X 4.0 X Increase Liquidation Liquidation value 98.21 % 98.21 % 98.21 % Increase Reinsurance recoverables - Living Benefits $ 5,041,262 Fair values are determined in the same manner as future policy benefits Reinsurance recoverables - No Lapse Guarantee $ 433,001 Discounted cash flow Lapse rate(3) 0 % 12 % Decrease NPR spread(4) 0.25 % 1.50 % Decrease Mortality rate(5) 0 % 31 % Decrease Premium payment(6) 0.65 X 0.95 X Decrease Liabilities: Future policy benefits(7) $ 5,041,007 Discounted cash flow Lapse rate(8) 0 % 13 % Decrease NPR spread(4) 0.25 % 1.50 % Decrease Utilization rate(9) 52 % 96 % Increase Withdrawal rate See table footnote (10) below. Mortality rate(11) 0 % 14 % Decrease Equity volatility curve 16 % 25 % 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, policyholders are assumed to pay a multiple of commissionable target premium levels (shown above and indicated as “X”). The multiples vary by funding level and policy duration. If the resulting premium in any duration is smaller than the minimum annual premium required to maintain the no-lapse guarantee, policyholders are assumed to pay the minimum annual premium. Policyholders are assumed to stop premium payments once the no-lapse guarantee is fully funded. The range shown as of March 31, 2017 excludes multiples for the first duration since all contracts are beyond the first duration. Assumption ranges for prior periods included first duration multiples. (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 age of the contractholder, the tax status of the contract and the duration since the contractholder began lifetime withdrawals. As of March 31, 2017 and December 31, 2016 , the minimum withdrawal assumption rate is 78% and the maximum withdrawal assumption rate may be greater than 100% . The fair value of the liability will generally increase the closer the withdrawal rate is to 100% and decrease as the withdrawal rate moves further away from 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. 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 market participants would use to value an asset. The discount rate may be influenced by many factors, including market cycles, expectations of default, collateral, term, and asset complexity. Each of these factors can influence discount rates, either in isolation, or in response to other factors. Future Policy Benefits - The Company expects efficient benefit utilization and withdrawal rates to generally be correlated with lapse rates. However, behavior is generally highly dependent on the facts and circumstances surroundi

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2017
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 contracts 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. 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" below for a discussion of guarantees related to credit derivatives written. In addition to selling credit protection, the Company may purchase 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. Related to these embedded derivatives, the Company has entered into reinsurance agreements to transfer the risk associated with certain benefit features to affiliates, PALAC and Prudential Insurance. See Note 1 for additional information on the change to the reinsurance agreements effective April 1, 2016. Additionally, the Company has an agreement with Union Hamilton Reinsurance, Ltd. ("Union Hamilton"), an external counterparty, to reinsure certain Prudential Premier® Retirement Variable Annuity business. The Company also reinsures a portion of the no-lapse guarantee provision on certain universal life products to an affiliate, UPARC. See Note 8 for additional information on these reinsurance agreements. These embedded derivatives and reinsurance agreements, which are derivatives and accounted for in the same manner as the embedded derivatives, are carried at fair value and 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 5 . Primary Risks Managed by Derivatives The table below provides a summary of the gross notional amount and fair value of derivative contracts by the primary underlying, excluding embedded derivatives which are recorded with the associated host and the related reinsurance recoverables. 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. Based on notional amounts, most of the Company’s derivatives do not qualify for hedge accounting. Derivatives that economically hedge embedded derivatives do not qualify for hedge accounting because changes in the fair value of the embedded derivatives are already recorded in net income. March 31, 2017 December 31, 2016 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 $ 502,863 $ 39,817 $ (5,959 ) $ 435,602 $ 44,040 $ (1,835 ) Total Qualifying Hedges $ 502,863 $ 39,817 $ (5,959 ) $ 435,602 $ 44,040 $ (1,835 ) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 101,075 $ 7,622 $ 0 $ 101,076 $ 8,215 $ 0 Interest Rate Options 94,000 500 0 0 0 0 Foreign Currency Foreign Currency Forwards 13,169 8 (87 ) 13,447 216 (20 ) Credit Credit Default Swaps 3,000 0 (274 ) 3,000 0 (281 ) Currency/Interest Rate Foreign Currency Swaps 99,863 7,015 (1,698 ) 56,626 7,789 (211 ) Equity Equity Options 776,504 35,857 (11,105 ) 649,807 30,624 (10,507 ) Total Non-Qualifying Hedges $ 1,087,611 $ 51,002 $ (13,164 ) $ 823,956 $ 46,844 $ (11,019 ) Total Derivatives (1) $ 1,590,474 $ 90,819 $ (19,123 ) $ 1,259,558 $ 90,884 $ (12,854 ) (1) Excludes embedded derivatives and the related reinsurance recoverables which contain multiple underlyings. The fair value of the embedded derivatives, included in "Future policy benefits," was a net liability of $4,633 million and $5,041 million as of March 31, 2017 and December 31, 2016 , respectively. The fair value of the related reinsurance recoverables, included in "Reinsurance recoverables," was an asset of $5,080 million and $5,474 million as of March 31, 2017 and December 31, 2016 , respectively. Of these reinsurance recoverables, the fair value related to the living benefits guarantee from PALAC and Prudential Insurance was an asset of $4,640 million and $5,041 million , the fair value related to the Prudential Premier® Retirement Variable Annuity from Union Hamilton was zero, and the fair value related to the no-lapse guarantee from UPARC was an asset of $440 million and $433 million as of March 31, 2017 and December 31, 2016 , respectively. See Note 8 for additional information on these reinsurance agreements. The fair value of the embedded derivatives, included in "Policyholders' account balances," was a net liability of $25 million and $20 million as of March 31, 2017 and December 31, 2016 , respectively. There was no related reinsurance recoverable. 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, 2017 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) $ 90,800 $ (19,284 ) $ 71,516 $ (69,356 ) $ 2,160 Securities purchased under agreements to resell 65,000 0 65,000 (65,000 ) 0 Total Assets $ 155,800 $ (19,284 ) $ 136,516 $ (134,356 ) $ 2,160 Offsetting of Financial Liabilities: Derivatives (1) $ 19,123 $ (19,123 ) $ 0 $ 0 $ 0 Securities sold under agreements to repurchase 24,714 0 24,714 (24,714 ) 0 Total Liabilities $ 43,837 $ (19,123 ) $ 24,714 $ (24,714 ) $ 0 December 31, 2016 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) $ 90,877 $ (13,019 ) $ 77,858 $ (77,858 ) $ 0 Securities purchased under agreements to resell 58,366 0 58,366 (58,366 ) 0 Total Assets $ 149,243 $ (13,019 ) $ 136,224 $ (136,224 ) $ 0 Offsetting of Financial Liabilities: Derivatives (1) $ 12,854 $ (12,854 ) $ 0 $ 0 $ 0 Securities sold under agreements to repurchase 68,904 0 68,904 (68,904 ) 0 Total Liabilities $ 81,758 $ (12,854 ) $ 68,904 $ (68,904 ) $ 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 10 . 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, 2016 . 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, 2017 Realized Net Other AOCI (1) (in thousands) Derivatives Designated as Hedge Accounting Instruments: Cash flow hedges Currency/Interest Rate $ 0 $ 1,188 $ (2,421 ) $ (10,261 ) Total cash flow hedges 0 1,188 (2,421 ) (10,261 ) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 501 0 0 0 Currency (128 ) 0 0 0 Currency/Interest Rate 2,127 0 3 0 Credit (31 ) 0 0 0 Equity 5,921 0 0 0 Embedded Derivatives (36,607 ) 0 0 0 Total non-qualifying hedges (28,217 ) 0 3 0 Total $ (28,217 ) $ 1,188 $ (2,418 ) $ (10,261 ) 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 ) (1) Amounts deferred in AOCI. For the three months ended March 31, 2017 and 2016 , 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 rollforward of current period cash flow hedges in “Accumulated other comprehensive income (loss)” before taxes: (in thousands) Balance, December 31, 2016 $ 40,931 Net deferred gains (losses) on cash flow hedges from January 1 to March 31, 2017 (7,128 ) Amounts reclassified into current period earnings (3,133 ) Balance, March 31, 2017 $ 30,670 Using March 31, 2017 values, it is estimated that a pre-tax gain of $5 million will be reclassified from AOCI to earnings during the subsequent twelve months ending March 31, 2018 , offset by amounts pertaining to the hedged items. As of March 31, 2017 , 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 18 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 As of March 31, 2017 and December 31, 2016 , the Company has not written credit protection. The Company has purchased credit protection using credit derivatives in order to hedge specific credit exposures in the Company’s investment portfolio. As of March 31, 2017 and December 31, 2016 , the Company has outstanding notional amounts of $3 million reported at fair value as a liability of $0.3 million for both periods. 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, 2017
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, 2017 and December 31, 2016 , the outstanding balances on these commitments were $45 million and $49 million , respectively. The Company also made commitments to purchase or fund investments, mostly private fixed maturities. As of March 31, 2017 and December 31, 2016 , $249 million and $133 million , respectively, of these commitments 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, including matters discussed below. The Company estimates that as of March 31, 2017 , 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 $30 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, 2016 . 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.

Reinsurance

Reinsurance	3 Months Ended
	Mar. 31, 2017
Reinsurance Disclosures [Abstract]
Reinsurance	REINSURANCE 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, Prudential Arizona Reinsurance Term Company (“PAR Term”), Prudential Arizona Reinsurance Universal Company (“PAR U”), Prudential Universal Reinsurance Company ("PURC"), Prudential Term Reinsurance Company (“Term Re”), PALAC, Gibraltar Universal Life Reinsurance Company ("GUL Re"), its parent company Prudential Insurance, third parties, and participated in reinsurance with its affiliate Pruco Re through March 31, 2016 . The reinsurance agreements provide risk diversification and additional capacity for future growth, limit the maximum net loss potential, manage statutory capital, facilitate its capital market hedging program, and align accounting methodology for the assets and liabilities of living benefit guarantees contained in annuities contracts. See Note 1 for additional information on the change effective April 1, 2016 related to the Variable Annuities Recapture. 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. 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, particularly reinsurance agreements involving living benefit guarantees. The Company has entered into reinsurance agreements to transfer the risk related to the living benefit guarantees on variable annuities to PALAC excluding the PLNJ business which was reinsured to Prudential Insurance. See Note 1 for additional information on the change effective April 1, 2016 related to the Variable Annuities Recapture. 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 embedded derivatives and the changes in the fair value of these derivatives are recognized through “Realized investment gains (losses), net”. See Note 6 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, 2017 and December 31, 2016 were as follows: March 31, 2017 December 31, 2016 (in thousands) Reinsurance recoverables $ 29,009,729 $ 28,674,226 Policy loans (87,977 ) (87,112 ) Deferred policy acquisition costs (6,581,824 ) (6,482,889 ) Deferred sales inducements (606,301 ) (615,117 ) Other assets(1) 231,001 226,347 Policyholders’ account balances 4,985,550 4,978,859 Future policy benefits 2,927,105 2,833,327 Other liabilities(2) 398,051 410,376 (1) “Other assets” includes $0.1 million of unaffiliated activity as of both March 31, 2017 and December 31, 2016 . (2) “Other liabilities” includes $32 million and $28 million of unaffiliated activity as of March 31, 2017 and December 31, 2016 , respectively. The reinsurance recoverables by counterparty are broken out below: March 31, 2017 December 31, 2016 (in thousands) PAR U $ 10,695,767 $ 10,514,125 PALAC 7,392,109 7,706,860 PURC 3,310,211 3,153,449 PARCC 2,622,411 2,589,397 PAR Term 1,449,910 1,403,738 Prudential of Taiwan 1,338,239 1,246,241 Prudential Insurance 952,767 976,652 Term Re 690,793 593,084 UPARC 482,004 467,904 GUL Re 55,524 0 Unaffiliated 19,994 22,776 Total reinsurance recoverables $ 29,009,729 $ 28,674,226 Reinsurance amounts, included in the Company’s Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss) for the three months ended March 31, were as follows: 2017 2016(1) (in thousands) Premiums: Direct $ 417,993 $ 391,180 Assumed(2) 66 148 Ceded (412,302 ) (373,413 ) Net premiums 5,757 17,915 Policy charges and fee income: Direct 781,561 732,890 Assumed 116,339 194,313 Ceded(3) (769,898 ) (400,641 ) Net policy charges and fee income 128,002 526,562 Net investment income: Direct 90,401 106,137 Assumed 360 345 Ceded (1,146 ) (1,030 ) Net investment income 89,615 105,452 Asset administration fees: Direct 80,999 72,791 Assumed 0 0 Ceded (76,812 ) 0 Net asset administration fees 4,187 72,791 Other income: Direct 15,438 11,695 Assumed(4) 551 (41 ) Ceded (12 ) 0 Amortization of reinsurance income 0 1,868 Net other income 15,977 13,522 Realized investment gains (losses), net: Direct 622,126 (1,534,352 ) Assumed 0 (39 ) Ceded(5) (654,705 ) 1,589,542 Realized investment gains (losses), net (32,579 ) 55,151 Policyholders’ benefits (including change in reserves): Direct 685,495 618,143 Assumed(6) 129,137 260,876 Ceded(7) (743,145 ) (778,289 ) Net policyholders’ benefits (including change in reserves) 71,487 100,730 Interest credited to policyholders’ account balances: Direct 98,917 213,482 Assumed 33,934 33,835 Ceded (88,091 ) (60,886 ) Net interest credited to policyholders’ account balances 44,760 186,431 Net reinsurance expense allowances, net of capitalization and amortization (362,236 ) (92,068 ) (1) Prior period amounts in the table above have been revised to correct previously reported numbers. These prior periods revisions have also been reflected in the Unaudited Interim Consolidated Financial Statements. See Note 11 for a more detailed description of the revision. (2) "Premiums assumed" includes $0.1 million of unaffiliated activity for both the three months ended March 31, 2017 and 2016 . (3) "Policy charges and fee income ceded" includes $(0.7) million and $(0.2) million of unaffiliated activity for the three months ended March 31, 2017 and 2016 , respectively. (4) "Other income assumed" includes $ 0.6 million and $ 0.0 million of unaffiliated activity for the three months ended March 31, 2017 and 2016 , respectively. (5) “Realized investment gains (losses), net ceded” includes $ (8) million and $ 25 million of unaffiliated activity for the three months ended March 31, 2017 and 2016 , respectively. (6) "Policyholders' benefits (including change in reserves) assumed" includes $0.4 million and $ 0.2 million of unaffiliated activity for the three months ended March 31, 2017 and 2016 , respectively. (7) "Policyholders' benefits (including change in reserves) ceded" includes $ 3 million and $ 2 million of unaffiliated activity for the three months ended March 31, 2017 and 2016 , respectively. The gross and net amounts of life insurance face amount in force as of March 31, 2017 and 2016 were as follows: 2017 2016 (in thousands) Direct gross life insurance face amount in force $ 840,190,324 $ 783,961,855 Assumed gross life insurance face amount in force 42,499,716 43,367,167 Reinsurance ceded (817,213,475 ) (765,067,750 ) Net life insurance face amount in force $ 65,476,565 $ 62,261,272 Information regarding significant affiliated reinsurance arrangements is described below. PAR U Pruco Life reinsures an amount equal to 70% of all the risks associated with Universal Protector policies having no-lapse guarantees as well as its Universal Plus policies, with effective dates prior to January 1, 2011 . Effective July 1, 2011 , PLNJ reinsures an amount equal to 95% of all the risks associated with its universal life policies with PAR U. On January 2, 2013 , Pruco Life 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. PALAC Effective April 1, 2016 , the Company entered into a reinsurance agreement with PALAC, to reinsure its variable annuity base contracts, along with the living benefit guarantees, excluding business reinsured externally and the PLNJ business, which was reinsured to Prudential Insurance. See Note 1 for additional information related to the Variable Annuities Recapture. PURC Pruco Life reinsures an amount equal to 70% of all the risks associated with its Universal Protector policies having no lapse guarantees as well as its Universal Plus policies, with effective dates from January 1, 2011 through December 31, 2013 , with PURC and 95% 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, 2014 through December 31, 2016 . 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. Prudential of Taiwan On January 31, 2001 , Pruco Life 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, Pruco Life 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 Pruco Life. 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 Pruco Life and an offsetting reinsurance recoverable is established. These assets and liabilities are denominated in U.S. dollars. 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 , Pruco Life 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. 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. Effective April 1, 2016 , PLNJ entered into a reinsurance agreement with Prudential Insurance to reinsure its variable annuity base contracts, along with the living benefit guarantees. See Note 1 for additional information related to the Variable Annuities Recapture. 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. UPARC Pruco Life reinsures Universal Protector policies having no-lapse guarantees with effective dates through December 31, 2013 with UPARC. 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. GUL Re Effective January 1, 2017 , Pruco Life entered into an automatic coinsurance agreement with GUL Re 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, 2017 . Pruco Re Through March 31, 2016 , the Company, including its wholly-owned subsidiary PLNJ, entered into various automatic coinsurance agreements with Pruco Re to reinsure its living benefit features sold on certain of its annuities. See Note 1 for additional information on the change effective April 1, 2016 related to the Variable Annuities Recapture. Information regarding significant third party reinsurance arrangements is described below. Union Hamilton Effective April 1, 2015 , the Company, excluding its subsidiaries, entered into an agreement with Union Hamilton, an external counterparty, to reinsure approximately 50% of the Prudential Premier® Retirement Variable Annuity with Highest Daily Lifetime Income (“HDI”) v.3.0 business, a guaranteed benefit feature. This reinsurance agreement covered most new HDI v.3.0 variable annuity business issued between April 1, 2015 and December 31, 2016 on a quota share basis, with Union Hamilton’s cumulative quota share amounting to $2.9 billion of new rider premiums as of December 31, 2016 . Reinsurance on business subject to this agreement remains in force over the lives of the underlying annuity contracts. New business written subsequent to December 31, 2016 is not covered by external reinsurance. These guaranteed benefit features are accounted for as embedded derivatives.

Equity

Equity	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Equity	EQUITY 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, 2017 and 2016 , 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, 2016 $ (402 ) $ 71,377 $ 70,975 Change in OCI before reclassifications 23 23,059 23,082 Amounts reclassified from AOCI 0 4,144 4,144 Income tax benefit (expense) (8 ) (9,521 ) (9,529 ) Balance, March 31, 2017 $ (387 ) $ 89,059 $ 88,672 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 (1) Includes cash flow hedges of $31 million and $41 million as of March 31, 2017 and December 31, 2016 , respectively, and $31 million and $48 million as of March 31, 2016 and December 31, 2015, respectively . Reclassifications out of Accumulated Other Comprehensive Income (Loss) Three Months Ended March 31, 2017 2016 (in thousands) Amounts reclassified from AOCI (1)(2): Net unrealized investment gains (losses): Cash flow hedges - Currency/Interest rate(3) $ 3,133 $ (827 ) Net unrealized investment gains (losses) on available-for-sale securities(4) (7,277 ) (14,097 ) Total net unrealized investment gains (losses) (4,144 ) (14,924 ) Total reclassifications for the period $ (4,144 ) $ (14,924 ) (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 6 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 (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 "Other comprehensive income (loss)" those items that are included as part of “Net income” for a period that had been part of "Other comprehensive income (loss)" 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 (losses), are as follows: Net Unrealized Investment Gains (Losses) on Fixed Maturity Securities on which an OTTI loss has been recognized Net Unrealized Gains (Losses) on Investments Deferred Policy Acquisition Costs 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, 2016 $ 4,883 $ (1,559 ) $ 1,279 $ (1,643 ) $ 2,960 Net investment gains (losses) on investments arising during the period 54 0 0 (19 ) 35 Reclassification adjustment for (gains) losses included in net income (541 ) 0 0 189 (352 ) Reclassification adjustment for OTTI losses excluded from net income(1) (42 ) 0 0 15 (27 ) Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs 0 396 0 (139 ) 257 Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances 0 0 (372 ) 130 (242 ) Balance, March 31, 2017 $ 4,354 $ (1,163 ) $ 907 $ (1,467 ) $ 2,631 (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 (Losses) in AOCI Net Unrealized Gains (Losses) on Investments(2) Deferred Policy Acquisition Costs and Other Costs 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, 2016 $ 107,549 $ (17,235 ) $ 14,774 $ (36,671 ) $ 68,417 Net investment gains (losses) on investments arising during the period 32,468 0 0 (11,364 ) 21,104 Reclassification adjustment for (gains) losses included in net income (3,603 ) 0 0 1,261 (2,342 ) Reclassification adjustment for OTTI losses excluded from net income(1) 42 0 0 (15 ) 27 Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs 0 (4,111 ) 0 1,439 (2,672 ) Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances 0 0 2,912 (1,018 ) 1,894 Balance, March 31, 2017 $ 136,456 $ (21,346 ) $ 17,686 $ (46,368 ) $ 86,428 (1) Includes cash flow hedges. See Note 6 for information on cash flow hedges. (2) 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. (3) Balances are net of reinsurance.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2017
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 $0.1 million and $0.2 million for the three months ended March 31, 2017 and 2016 , respectively. The expense charged to the Company for the deferred compensation program was $3 million and $1 million for the three months ended March 31, 2017 and 2016 , respectively. The Company is charged for its share of employee benefit 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 earnings and length of service while others are based on an account balance, which takes into consideration age, service and earnings during a career. The Company’s share of net expense for the pension plans was $6 million and $5 million for the three months ended March 31, 2017 and 2016 , respectively. The Company is also charged for its share of the costs associated with welfare plans issued by Prudential Insurance. These expenses include costs related to medical, dental, life insurance and disability. The Company's share of net expense for the welfare plans was $7 million for both the three months ended March 31, 2017 and 2016 . Prudential Insurance sponsors voluntary savings plans for its employee 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 $3 million and $2 million for the three months ended March 31, 2017 and 2016 , respectively. 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, Incorporated (“PAD”) in consideration for PAD’s marketing and underwriting of the Company’s annuity products. Commissions and fees are paid by PAD to broker-dealers who sell the Company’s annuity products. Commissions and fees paid by the Company to PAD were $155 million and $174 million for the three months ended March 31, 2017 and 2016 , respectively. The Company is charged for its share of corporate expenses incurred by Prudential Financial to benefit its businesses, such as advertising, executive oversight, external affairs and philanthropic activity. The Company’s share of corporate expenses was $ 17 million and $ 15 million for the three months ended March 31, 2017 and 2016 , 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 $3,539 million at March 31, 2017 and $3,367 million at December 31, 2016 . Fees related to these COLI policies were $12 million and $11 million for the three months ended March 31, 2017 and 2016 , respectively. The Company retains the majority of the mortality risk associated with these COLI policies up to $3.5 million . 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 $3 million and $5 million for the three months ended March 31, 2017 and 2016 , respectively. These expenses are recorded as “Net investment income” in the Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss). 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. See Note 6 for additional information. Joint Ventures The Company has made investments in joint ventures with certain subsidiaries of Prudential Financial. "Other long-term investments" includes $107 million and $100 million as of March 31, 2017 and December 31, 2016 , respectively. "Net investment income" related to these ventures includes a gain of $4 million and a loss of $4 million for the three months ended March 31, 2017 and 2016 , respectively. 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 based on policyholders' separate account balances invested in the Advanced Series Trust. Income received from ASTISI and Prudential Investments related to this agreement was $77 million and $69 million for the three months ended March 31, 2017 and 2016 , 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 policyholders' 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, 2017 and 2016 . These revenues are recorded as “Asset administration fees” in the Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss). Affiliated Notes Receivable Affiliated notes receivable included in “Other assets” at March 31, 2017 and December 31, 2016 were as follows: Maturity Dates Interest Rates March 31, 2017 December 31, 2016 (in thousands) U.S. Dollar floating rate notes 2028 2.31% - 2.45 % $ 6,518 $ 0 U.S. Dollar fixed rate notes 2022 - 2028 0.00% - 14.85 % 130,876 137,636 Total long-term notes receivable - affiliated(1) $ 137,394 $ 137,636 (1) All long-term notes receivable may be called for prepayment prior to the respective maturity dates under specified circumstances. The affiliated notes receivable shown above include those classified as loans, and carried at unpaid principal balance, net of any allowance for losses and those classified as available-for-sale securities and other trading account assets carried at fair value. The Company monitors the internal and external credit ratings of these loans and loan performance. The Company also considers any guarantees made by Prudential Insurance for loans due from affiliates. Accrued interest receivable related to these loans was $0.8 million and $1 million at March 31, 2017 and December 31, 2016 , and is included in “Other assets”. Revenues related to these loans were $1 million for both the three months ended March 31, 2017 and 2016 , and are included in “Other income”. Affiliated Asset Transfers 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 for the three months ended March 31, 2017 and for the year ended December 31, 2016 , excluding those related to the Variable Annuities Recapture effective April 1, 2016 , as described in Note 1 . Affiliate Date Transaction Security Type Fair Value Book Value Additional Paid-in Capital, Net of Tax Increase/(Decrease) Realized Investment Gain/(Loss), Net of Tax (in thousands) Prudential Insurance March 2016 Sale Fixed Maturities & Short-Term Investments $ 88,783 $ 88,875 $ (60 ) $ 0 PALAC January 2017 Purchase Fixed Maturities & Short-Term Investments $ 29 $ 29 $ 0 $ 0 Debt Agreements The Company is authorized to borrow funds up to $2 billion from affiliates to meet its capital and other funding needs. During the second quarter of 2016 , the Company prepaid $125 million of its debt and reassigned all the remaining debt to PALAC and Prudential Insurance as part of the Variable Annuities Recapture. See Note 1 for additional information on the reassignment effective April 1, 2016 . 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, 2017 Amount of Notes - December 31, 2016 Interest Rate Date of Maturity (in thousands) Prudential Funding, LLC 3/31/2017 $ 108,100 $ 0 0.94 % - 1.10% 4/3/2017 - 4/28/2017 Total Loans Payable to Affiliates $ 108,100 $ 0 The total interest expense to the Company related to loans payable to affiliates was $0.2 million and $11 million for the three months ended March 31, 2017 and 2016 , respectively. Contributed Capital and Dividends In March 2017 , the Company received a capital contribution in the amount of $5 million from Prudential Insurance. In March and June 2016 , the Company received capital contributions in the amounts of $5 million and $200 million , respectively, from Prudential Insurance. Through March 31, 2017 , the Company did not pay any dividends. In April 2016 , the Company paid a dividend in the amount of $2,593 million to Prudential Insurance. Reinsurance with affiliates As discussed in Note 8 , the Company participates in reinsurance transactions with certain affiliates.

Revision to Prior Year Informat

Revision to Prior Year Information	3 Months Ended
	Mar. 31, 2017
Prior Period Adjustment [Abstract]
Revision to Prior Year Information	REVISION TO PRIOR YEAR INFORMATION Revisions to 2016 Consolidated Financial Statements In 2016, the Company identified errors in the calculation of reserves for certain individual life insurance products that impacted several line items within our previously issued consolidated financial statements. Prior period amounts have been revised in the financial statements and related disclosures to correct these errors. Management evaluated these adjustments and concluded they were not material to any previously reported quarterly financial statements. Management assessed the materiality of the misstatements described above on prior period financial statements in accordance with SEC Staff Accounting Bulletin ("SAB") No. 99, Materiality, codified in Accounting Standards Codification ("ASC") 250-10, Accounting Changes and Error Corrections ("ASC 250"), and concluded that these misstatements were not material to any prior annual or interim periods. Accordingly, in accordance with ASC 250 (SAB No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements), the consolidated financial statements as of and for the three months ended March 31, 2016, which are presented herein, have been revised. The following are selected line items from the consolidated financial statements illustrating the effects of these revisions: Consolidated Statements of Operations and Comprehensive Income (Loss) (UNAUDITED) Three Months Ended March 31, 2016 As Previously Reported Revision As Revised (in thousands) REVENUES Policy charges and fee income $ 527,407 $ (845 ) $ 526,562 TOTAL REVENUES 792,238 (845 ) 791,393 BENEFITS AND EXPENSES Policyholders' benefits 98,528 2,202 100,730 Amortization of deferred policy acquisition costs 640,552 (966 ) 639,586 TOTAL BENEFITS AND EXPENSES 1,162,464 1,236 1,163,700 INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES (370,226 ) (2,081 ) (372,307 ) Income tax expense (benefit) (44,095 ) (13 ) (44,108 ) NET INCOME (LOSS) (326,131 ) (2,068 ) (328,199 ) COMPREHENSIVE INCOME (LOSS) (210,804 ) (2,068 ) (212,872 ) Consolidated Statements of Equity (UNAUDITED) Retained Earnings Total Equity As Previously Reported Revision As Revised As Previously Reported Revision As Revised (in thousands) Balance, December 31, 2015 $ 3,663,539 $ (28,392 ) $ 3,635,147 $ 4,510,817 $ (28,392 ) $ 4,482,425 Comprehensive income (loss): Net income (loss) (326,131 ) (2,068 ) (328,199 ) (326,131 ) (2,068 ) (328,199 ) Total comprehensive income (loss) (210,804 ) (2,068 ) (212,872 ) Balance, March 31, 2016 3,337,408 (30,460 ) 3,306,948 4,304,953 (30,460 ) 4,274,493 Consolidated Statements of Cash Flows (UNAUDITED) Three Months Ended March 31, 2016 As Previously Reported Revision As Revised (in thousands) CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) $ (326,131 ) $ (2,068 ) $ (328,199 ) Policy charges and fee income (5,850 ) 845 (5,005 ) Future policy benefits 416,396 8,508 424,904 Reinsurance recoverables (353,572 ) (6,306 ) (359,878 ) Deferred policy acquisition costs 489,279 (966 ) 488,313 Income taxes (125,565 ) (13 ) (125,578 ) Cash flows from (used in) operating activities 333,424 0 333,424

Significant Accounting Polici18

Significant Accounting Policies and Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2017
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, 2016 .
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 DAC and related amortization; amortization of 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.
Revision to Prior Period Consolidated Financial Statements	Revision to Prior Period Consolidated Financial Statements In 2016, the Company identified errors in the calculation of reserves for certain individual life insurance products that impacted several line items within our previously issued consolidated financial statements. Prior period amounts have been revised in the Consolidated Financial Statements and related disclosures to correct these errors. Management evaluated these adjustments and concluded they were not material to any previously reported quarterly or annual financial statements. See Note 11 for a more detailed description of the revisions and for comparisons of amounts previously reported to the revised amounts.
Reclassifications	Reclassifications Certain amounts in prior periods have been reclassified to conform to the current period presentation.
Adoption of New Accounting Pronoucements	There have been no ASU adopted during the current quarter ended March 31, 2017 .
Future Adoption Of New Accounting Pronouncements	ASU issued but not yet adopted as of the reporting date March 31, 2017 Standard Description Effective date and method of adoption Effect on the financial statements or other significant matters ASU 2014-09, Revenue from Contracts with Customers (Topic 606) The ASU is based on the core principle that revenue is recognized to depict the transfer of promised 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 standard also requires additional disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, and assets recognized from the costs to obtain or fulfill a contract with a customer. Revenue recognition for insurance contracts and financial instruments are explicitly scoped out of the standard. January 1, 2018 using one of two retrospective application methods (early adoption permitted beginning January 1, 2017). The Company plans to adopt the standard on January 1, 2018 using the modified retrospective application. Given that insurance contracts and financial instruments are explicitly scoped out of the standard, the Company does not expect the adoption of the ASU to have a significant impact on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements. ASU 2016-01 , The ASU 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 standard also amends certain disclosure requirements associated with the fair value of financial instruments. January 1, 2018 using the modified retrospective method. The amendments are to be applied prospectively as they relate to equity investments without readily determinable fair value. The Company’s equity investments, except for those accounted for using the equity method, will generally be carried on the Consolidated Statements of Financial Position at fair value with changes in fair value reported in current earnings. The Company is continuing to assess additional impacts of the ASU on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements. Standard Description Effective date and method of adoption Effect on the financial statements or other significant matters ASU 2016-13 , This ASU provides a new current expected credit loss model to account for credit losses on certain financial assets and off-balance sheet exposures (e.g., loans held for investment, debt securities held to maturity, reinsurance receivables, net investments in leases and loan commitments). The model requires an entity to estimate lifetime credit losses related to such financial assets and exposures based on relevant information about past events, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. The standard also modifies the current other-than-temporary impairment standard for available-for-sale debt securities to require the use of an allowance rather than a direct write down of the investment, and replaces existing standard for purchased credit deteriorated loans and debt securities. January 1, 2020 using the modified retrospective method, however prospective application is required for purchased credit deteriorated assets previously accounted for under ASU 310-30 and for debt securities for which an other-than-temporary-impairment was recognized prior to the date of adoption. Early adoption is permitted beginning January 1, 2019. The Company is currently assessing the impact of the ASU on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements. ASU 2016-15 , This ASU addresses diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The standard provides clarity on the treatment of eight specifically defined types of cash inflows and outflows. January 1, 2018 using the retrospective method (with early adoption permitted provided that all amendments are adopted in the same period). The Company is currently assessing the impact of the ASU on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements. Update 2016-18 , Statement of Cash Flows (Topic 230): Restricted Cash In November 2016, the FASB issued this ASU to address diversity in practice from entities classifying and presenting transfers between cash and restricted cash as operating, investing, or financing activities, or as a combination of those activities in the Statement of Cash Flows. The ASU requires entities to show the changes in the total of cash, cash equivalents, restricted cash, and restricted cash equivalents in the Statement of Cash Flows. As a result, transfers between such categories will no longer be presented in the Statement of Cash Flows. January 1, 2018 using the retrospective method (with early adoption permitted). The Company is currently assessing the impact of the ASU on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements Standard Description Effective date and method of adoption Effect on the financial statements or other significant matters ASU 2017-08, Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20) Premium Amortization on Purchased Callable Debt Securities This ASU requires certain premiums on callable debt securities to be amortized to the earliest call date. January 1, 2019 using the modified retrospective method (with early adoption permitted). The Company is currently assessing the impact of the ASU on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements.

Business and Basis of Present19

Business and Basis of Presentation (Tables)	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Effects of Reinsurance	The following table summarizes the asset transfers related to Variable Annuities Recapture between the Company and its affiliates. Affiliate Period Transaction Security Type Fair Value Book Value APIC and Retained Earnings Increase/(Decrease) Realized Investment Gain/(Loss), Net (in millions) Pruco Re Apr - June 2016 Purchase Derivatives $ 4,166 $ 4,166 $ 0 $ 0 PALAC Apr - June 2016 Sale Fixed Maturity, Trading Account Assets, Commercial Mortgages, Derivatives and JV/LP Investments $ (6,994 ) $ (6,872 ) $ 0 $ 122 Prudential Insurance Apr - June 2016 Dividend Fixed Maturity $ (19 ) $ (19 ) $ (19 ) $ 0 Prudential Insurance Apr - June 2016 Sale Fixed Maturity, Trading Account Assets, Equity Securities, Commercial Mortgages and Derivatives $ (717 ) $ (703 ) $ 15 $ 0 The financial statement impacts of these transactions were as follows: Affected Financial Statement Lines Only Interim Statement of Financial Position Balance as of March 31, 2016 Impacts of Recapture Impacts of Reinsurance Total (in millions) ASSETS Total investments(1) $ 10,702 $ 4,166 $ (7,719 ) $ 7,149 Cash and cash equivalents 496 0 12 508 Deferred policy acquisition costs 4,565 0 (3,449 ) 1,116 Reinsurance recoverables 24,781 (6,312 ) 10,267 28,736 Deferred sales inducements 550 0 (550 ) 0 Other assets 94 0 211 305 Income taxes 0 0 23 23 TOTAL ASSETS 151,859 (2,146 ) (1,205 ) 148,508 LIABILITIES AND EQUITY LIABILITIES Income taxes $ 91 $ 17 $ 0 $ 108 Short-term and long-term debt to affiliates(2) 1,385 0 (1,384 ) 1 Other liabilities 870 0 0 870 TOTAL LIABILITIES 147,554 17 (1,384 ) 146,187 EQUITY Retained earnings(3) 3,337 (2,163 ) 258 1,432 Accumulated other comprehensive income 180 0 (79 ) 101 TOTAL EQUITY 4,305 (2,163 ) 179 2,321 TOTAL LIABILITIES AND EQUITY 151,859 (2,146 ) (1,205 ) 148,508 Significant Non-Cash Transactions (1) The decline in total investments includes non-cash activities of $7.7 billion for asset transfers related to the reinsurance transaction with PALAC and Prudential Insurance, partially offset by $4.2 billion of assets received related to the recapture transaction with Pruco Re. (2) The Company received ceding commissions of $3.6 billion and $0.4 billion from PALAC and Prudential Insurance, respectively, of which $1.1 billion and $0.1 billion were in the form of reassignment of debt to PALAC and Prudential Insurance, respectively. (3) Retained earnings includes dividends of $2.8 billion to Prudential Insurance, and then distributed to Prudential Financial, as part of the Variable Annuities Recapture. Statement of Operations and Comprehensive Income (Loss) Day 1 Impact of the Variable Annuities Recapture Impacts of Recapture Impacts of Reinsurance Total Impacts (in millions) REVENUES Premiums $ 0 $ (880 ) $ (880 ) Realized investment gains (losses), net (2,146 ) 2,951 805 TOTAL REVENUES (2,146 ) 2,071 (75 ) BENEFITS AND EXPENSES Policyholders' benefits 0 (547 ) (547 ) General, administrative and other expenses 0 (211 ) (211 ) TOTAL BENEFITS AND EXPENSES 0 (758 ) (758 ) INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES (2,146 ) 2,829 683 Income tax expense (benefit) 17 (23 ) (6 ) NET INCOME (LOSS) $ (2,163 ) $ 2,852 $ 689

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2017
Investments [Abstract]
Fixed Maturities and Equity Securities, Available-for-sale Securities	The following tables set forth information relating to fixed maturities and equity securities (excluding investments classified as trading), as of the dates indicated: March 31, 2017 Amortized Cost or 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 $ 132,083 $ 5,727 $ 47 $ 137,763 $ 0 Obligations of U.S. states and their political subdivisions 647,583 15,220 5,516 657,287 0 Foreign government bonds 108,750 3,571 1,891 110,430 0 Public utilities 819,436 36,857 9,308 846,985 0 Redeemable preferred stock 4,165 854 169 4,850 0 All other U.S. public corporate securities 1,769,707 69,899 25,258 1,814,348 (214 ) All other U.S. private corporate securities 706,676 17,247 4,466 719,457 (236 ) All other foreign public corporate securities 210,101 8,586 2,437 216,250 0 All other foreign private corporate securities 595,227 7,136 22,641 579,722 0 Asset-backed securities(1) 160,224 5,382 146 165,460 (2,413 ) Commercial mortgage-backed securities 356,047 5,534 4,473 357,108 0 Residential mortgage-backed securities(2) 79,002 3,103 357 81,748 (261 ) Total fixed maturities, available-for-sale $ 5,589,001 $ 179,116 $ 76,709 $ 5,691,408 $ (3,124 ) Equity securities, available-for-sale: Common stocks: Mutual funds $ 20,701 $ 1,153 $ 5 $ 21,849 Public utilities 66 3 7 62 Industrial, miscellaneous & other 0 82 0 82 Total equity securities, available-for-sale $ 20,767 $ 1,238 $ 12 $ 21,993 (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 $7.5 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, 2016 Amortized 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 $ 154,180 $ 6,593 $ 33 $ 160,740 $ 0 Obligations of U.S. states and their political subdivisions 618,447 14,592 6,553 626,486 0 Foreign government bonds 111,025 2,143 4,386 108,782 0 Public utilities 706,536 33,950 10,519 729,967 0 Redeemable preferred stock 4,136 834 156 4,814 0 All other U.S. public corporate securities 1,802,350 67,908 28,846 1,841,412 (215 ) All other U.S. private corporate securities 714,776 14,555 7,702 721,629 (236 ) All other foreign public corporate securities 216,428 7,371 4,127 219,672 0 All other foreign private corporate securities 577,761 4,866 33,455 549,172 0 Asset-backed securities(1) 184,414 5,164 562 189,016 (2,534 ) Commercial mortgage-backed securities 382,717 5,783 5,829 382,671 0 Residential mortgage-backed securities(2) 80,141 3,355 308 83,188 (274 ) Total fixed maturities, available-for-sale $ 5,552,911 $ 167,114 $ 102,476 $ 5,617,549 $ (3,259 ) Equity securities, available-for-sale: Common stocks: Mutual funds $ 16,324 $ 441 $ 124 $ 16,641 Public utilities 66 2 28 40 Industrial, miscellaneous & other 0 75 0 75 Total equity securities, available-for-sale $ 16,390 $ 518 $ 152 $ 16,756 (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 $8.1 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.
Duration Of Gross Unrealized Losses On Fixed Maturity Securities Disclosures	The following tables set forth the fair value and gross unrealized losses aggregated by investment category and length of time that individual fixed maturities and equity securities had been in a continuous unrealized loss position, as of the dates indicated: March 31, 2017 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 $ 9,218 $ 47 $ 0 $ 0 $ 9,218 $ 47 Obligations of U.S. states and their political subdivisions 213,862 5,516 0 0 213,862 5,516 Foreign government bonds 47,111 1,718 1,848 173 48,959 1,891 Public utilities 290,056 7,204 21,731 2,104 311,787 9,308 Redeemable preferred stock 0 0 0 169 0 169 All other U.S. public corporate securities 578,297 17,966 70,126 7,292 648,423 25,258 All other U.S. private corporate securities 143,113 2,691 31,243 1,775 174,356 4,466 All other foreign public corporate securities 62,368 1,985 5,920 452 68,288 2,437 All other foreign private corporate securities 185,083 6,302 123,941 16,339 309,024 22,641 Asset-backed securities 13,020 110 29,171 36 42,191 146 Commercial mortgage-backed securities 173,368 4,473 395 0 173,763 4,473 Residential mortgage-backed securities 35,556 352 938 5 36,494 357 Total fixed maturities, available-for-sale $ 1,751,052 $ 48,364 $ 285,313 $ 28,345 $ 2,036,365 $ 76,709 Equity securities, available-for-sale $ 4,995 $ 5 $ 59 $ 7 $ 5,054 $ 12 December 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 $ 603 $ 33 $ 0 $ 0 $ 603 $ 33 Obligations of U.S. states and their political subdivisions 239,146 6,553 0 0 239,146 6,553 Foreign government bonds 81,074 4,055 1,690 331 82,764 4,386 Public utilities 207,226 7,847 21,394 2,672 228,620 10,519 Redeemable preferred stock 0 0 0 156 0 156 All other U.S. public corporate securities 568,763 20,695 73,575 8,151 642,338 28,846 All other U.S. private corporate securities 232,561 6,082 29,071 1,620 261,632 7,702 All other foreign public corporate securities 86,492 3,188 5,433 939 91,925 4,127 All other foreign private corporate securities 236,512 13,604 101,858 19,851 338,370 33,455 Asset-backed securities 37,355 492 49,346 70 86,701 562 Commercial mortgage-backed securities 191,674 5,827 947 2 192,621 5,829 Residential mortgage-backed securities 36,224 302 1,045 6 37,269 308 Total fixed maturities, available-for-sale $ 1,917,630 $ 68,678 $ 284,359 $ 33,798 $ 2,201,989 $ 102,476 Equity securities, available-for-sale $ 0 $ 0 $ 2,965 $ 152 $ 2,965 $ 152
Investments Classified by Contractual Maturity Date	The following table sets forth the amortized cost and fair value of fixed maturities by contractual maturities, as of the date indicated: March 31, 2017 Amortized Cost Fair Value (in thousands) Fixed maturities, available-for-sale: Due in one year or less $ 288,127 $ 291,275 Due after one year through five years 764,383 779,090 Due after five years through ten years 901,656 908,555 Due after ten years 3,039,562 3,108,172 Asset-backed securities 160,224 165,460 Commercial mortgage-backed securities 356,047 357,108 Residential mortgage-backed securities 79,002 81,748 Total fixed maturities, available-for-sale $ 5,589,001 $ 5,691,408
Sources of Fixed Maturity Proceeds, Related Investment Gains (Losses), and Losses on Impairments of Fixed Maturities and Equity Securities	The following table sets forth 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, for the periods indicated: Three Months Ended March 31, 2017 2016 (in thousands) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 287,708 $ 279,272 Proceeds from maturities/prepayments 114,846 169,867 Gross investment gains from sales and maturities 3,197 2,794 Gross investment losses from sales and maturities (2,823 ) (1,568 ) OTTI recognized in earnings(2) (4,404 ) (16,150 ) Equity securities, available-for-sale: Proceeds from sales $ 510 $ 10 Gross investment gains from sales 10 0 Gross investment losses from sales 0 0 OTTI recognized in earnings (124 ) 0 (1) Includes $37.9 million and $(10.3) million of non-cash related proceeds for the three months ended March 31, 2017 and 2016 , respectively. (2) Excludes the portion of OTTI recorded in “Other comprehensive income (loss)” ("OCI"), 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 tables set forth the amount of pre-tax credit loss impairments on fixed maturity securities held by the Company for which a portion of the OTTI loss was recognized in OCI and the corresponding changes in such amounts, for the periods indicated: Three Months Ended March 31, 2017 2016 (in thousands) Credit loss impairments: Balance, beginning of period $ 5,520 $ 7,041 New credit loss impairments 0 420 Increases due to the passage of time on previously recorded credit losses 27 53 Reductions for securities which matured, paid down, prepaid or were sold during the period (118 ) (907 ) Reductions for securities impaired to fair value during the period(1) 0 (670 ) Accretion of credit loss impairments previously recognized due to an increase in cash flows expected to be collected (72 ) (79 ) Balance, end of period $ 5,357 $ 5,858 (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, 2017 December 31, 2016 Amortized Cost or Cost Fair Value Amortized Fair Value (in thousands) Fixed maturities $ 23,558 $ 20,224 $ 23,555 $ 19,558 Equity securities 11,929 17,190 11,929 15,770 Total trading account assets $ 35,487 $ 37,414 $ 35,484 $ 35,328
Commercial Mortgage and Other Loans	The following table sets forth the composition of the Company's commercial mortgage and other loans, as of the dates indicated: March 31, 2017 December 31, 2016 Amount (in thousands) % of Total Amount (in thousands) % of Total Commercial mortgage and agricultural property loans by property type: Apartments/Multi-Family $ 345,631 28.2 % $ 318,667 27.7 % Hospitality 54,229 4.4 54,597 4.7 Industrial 213,704 17.5 185,682 16.1 Office 181,674 14.9 161,980 14.1 Other 124,182 10.2 124,465 10.8 Retail 239,175 19.6 243,225 21.1 Total commercial mortgage loans 1,158,595 94.8 1,088,616 94.5 Agricultural property loans 62,929 5.2 63,323 5.5 Total commercial mortgage and agricultural property loans 1,221,524 100.0 % 1,151,939 100.0 % Valuation allowance (1,697 ) (1,558 ) Total commercial mortgage and other loans $ 1,219,827 $ 1,150,381
Allowance for Losses	The following tables set forth the activity in the allowance for credit losses for commercial mortgage and other loans, as of the dates indicated: March 31, 2017 Commercial Mortgage Loans Agricultural Property Loans Total (in thousands) Allowance for credit losses: Balance, beginning of year $ 1,513 $ 45 $ 1,558 Addition to (release of) allowance for losses 139 0 139 Charge-offs, net of recoveries 0 0 0 Total ending balance $ 1,652 $ 45 $ 1,697 December 31, 2016 Commercial Mortgage Loans Agricultural Property Loans Total (in thousands) Allowance for credit losses: Balance, beginning of year $ 2,587 $ 64 $ 2,651 Addition to (release of) allowance for losses (1,074 ) (19 ) (1,093 ) Charge-offs, net of recoveries 0 0 0 Total ending balance $ 1,513 $ 45 $ 1,558
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, 2017 Commercial Mortgage Loans Agricultural Property Loans Total (in thousands) Allowance for credit losses: Individually evaluated for impairment $ 0 $ 0 $ 0 Collectively evaluated for impairment 1,652 45 1,697 Total ending balance(1) $ 1,652 $ 45 $ 1,697 Recorded investment(2): Individually evaluated for impairment $ 2,476 $ 0 $ 2,476 Collectively evaluated for impairment 1,156,119 62,929 1,219,048 Total ending balance(1) $ 1,158,595 $ 62,929 $ 1,221,524 (1) As of March 31, 2017 , there were no loans acquired with deteriorated credit quality. (2) Recorded investment reflects the carrying value gross of related allowance. December 31, 2016 Commercial Mortgage Loans Agricultural Property Loans Total (in thousands) Allowance for credit losses: Individually evaluated for impairment $ 0 $ 0 $ 0 Collectively evaluated for impairment 1,513 45 1,558 Total ending balance(1) $ 1,513 $ 45 $ 1,558 Recorded investment(2): Individually evaluated for impairment $ 2,528 $ 0 $ 2,528 Collectively evaluated for impairment 1,086,088 63,323 1,149,411 Total ending balance(1) $ 1,088,616 $ 63,323 $ 1,151,939 (1) As of December 31, 2016 , there were no loans acquired with deteriorated credit quality. (2) Recorded investment reflects the carrying value gross of related allowance.
Credit Quality Indicators	The following tables set forth certain key credit quality indicators for commercial mortgage and agricultural property loans based upon the recorded investment gross of allowance for credit losses, as of the dates indicated: Debt Service Coverage Ratio - March 31, 2017 ≥ 1.2X 1.0X to < 1.2X < 1.0X Total Loans (in thousands) Loan-to-Value Ratio: 0%-59.99% $ 726,744 $ 19,705 $ 0 $ 746,449 60%-69.99% 323,448 5,371 2,945 331,764 70%-79.99% 108,213 30,369 0 138,582 80% or greater 4,492 237 0 4,729 Total loans $ 1,162,897 $ 55,682 $ 2,945 $ 1,221,524 Debt Service Coverage Ratio - December 31, 2016 ≥ 1.2X 1.0X to < 1.2X < 1.0X Total Loans (in thousands) Loan-to-Value Ratio: 0%-59.99% $ 732,473 $ 19,844 $ 0 $ 752,317 60%-69.99% 267,122 7,515 900 275,537 70%-79.99% 88,811 30,533 0 119,344 80% or greater 4,503 0 238 4,741 Total loans $ 1,092,909 $ 57,892 $ 1,138 $ 1,151,939
Past Due Financing Receivables	The following tables set forth the aging of past due commercial mortgage and other loans, based upon the recorded investment gross of allowance for credit losses, as well as the amount of commercial mortgage and other loans on non-accrual status, as of the dates indicated: March 31, 2017 Current 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due(1) Total Loans Non-Accrual Status(2) (in thousands) Commercial mortgage loans $ 1,158,595 $ 0 $ 0 $ 0 $ 1,158,595 $ 0 Agricultural property loans 62,929 0 0 0 62,929 0 Total $ 1,221,524 $ 0 $ 0 $ 0 $ 1,221,524 $ 0 (1) As of March 31, 2017 , there were no loans in this category accruing interest. (2) For additional information on the Company's policies for accruing interest on loans, 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, 2016 for further discussion regarding non-accrual status loans. December 31, 2016 Current 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due(1) Total Loans Non-Accrual Status(2) (in thousands) Commercial mortgage loans $ 1,088,616 $ 0 $ 0 $ 0 $ 1,088,616 $ 0 Agricultural property loans 63,323 0 0 0 63,323 0 Total $ 1,151,939 $ 0 $ 0 $ 0 $ 1,151,939 $ 0 (1) As of December 31, 2016 , there were no loans in this category accruing interest. (2) For additional information on the Company's policies for accruing interest on loans, 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, 2016 for further discussion regarding non-accrual status loans.
Schedule Of Other Long Term Investments	The following table sets forth the composition of “Other long-term investments,” as of the dates indicated: March 31, 2017 December 31, 2016 (in thousands) Company's investment in separate accounts $ 35,687 $ 34,088 Joint ventures and limited partnerships: Private equity 143,359 139,493 Hedge funds 85,724 81,104 Real estate-related 11,766 11,912 Total joint ventures and limited partnerships 240,849 232,509 Derivatives 71,535 77,866 Total other long-term investments $ 348,071 $ 344,463
Net Investment Income	The following table sets forth net investment income by investment type, for the periods indicated: Three Months Ended March 31, 2017 2016 (in thousands) Fixed maturities, available-for-sale $ 59,067 $ 75,710 Equity securities, available-for-sale 0 0 Trading account assets 400 759 Commercial mortgage and other loans 13,116 19,773 Policy loans 15,628 15,498 Short-term investments and cash equivalents 187 737 Other long-term investments 6,379 (880 ) Gross investment income 94,777 111,597 Less: investment expenses (5,162 ) (6,145 ) Net investment income $ 89,615 $ 105,452
Realized Gain (Loss) on Investments	The following table sets forth realized investment gains (losses), net, by investment type, for the periods indicated: Three Months Ended March 31, 2017 2016 (in thousands) Fixed maturities $ (4,030 ) $ (14,924 ) Equity securities (114 ) 0 Commercial mortgage and other loans (139 ) 562 Joint ventures and limited partnerships (73 ) (148 ) Derivatives (28,217 ) 69,647 Other long-term investments 0 0 Short-term investments and cash equivalents (6 ) 14 Realized investment gains (losses), net $ (32,579 ) $ 55,151
Unrealized Gains and (Losses) on Investments	The following table sets forth net unrealized gains (losses) on investments by asset class, as of the dates indicated: March 31, 2017 December 31, 2016 (in thousands) Fixed maturity securities, available-for-sale — with OTTI $ 4,354 $ 4,883 Fixed maturity securities, available-for-sale — all other 98,053 59,755 Equity securities, available-for-sale 1,226 366 Derivatives designated as cash flow hedges(1) 30,670 40,931 Affiliated notes 5,013 5,056 Other investments 1,494 1,441 Net unrealized gains (losses) on investments $ 140,810 $ 112,432 (1) See Note 6 for more information on cash flow hedges.
Schedule of Securities Financing Transactions	The following tables set forth the composition of "Cash collateral for loaned securities," as of the dates indicated: March 31, 2017 Remaining Contractual Maturities of the Agreements Overnight & Continuous Up to 30 Days 30 to 90 Days Greater than 90 Days Total (in thousands) U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 1,044 $ 0 $ 0 $ 0 $ 1,044 Obligations of U.S. states and their political subdivisions 1,676 0 0 0 1,676 Foreign government bonds 7,619 0 0 0 7,619 U.S. public corporate securities 54,781 0 0 0 54,781 Foreign public corporate securities 9,084 0 0 0 9,084 Total cash collateral for loaned securities $ 74,204 $ 0 $ 0 $ 0 $ 74,204 December 31, 2016 Remaining Contractual Maturities of the Agreements Overnight & Continuous Up to 30 Days 30 to 90 Days Greater than 90 Days Total (in thousands) U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 0 $ 0 $ 0 $ 0 Obligations of U.S. states and their political subdivisions 0 0 0 0 0 Foreign government bonds 6,827 0 0 0 6,827 U.S. public corporate securities 62,584 0 0 0 62,584 Foreign public corporate securities 5,565 0 0 0 5,565 Total cash collateral for loaned securities $ 74,976 $ 0 $ 0 $ 0 $ 74,976 The following tables set forth the composition of "Securities sold under agreements to repurchase," as of the dates indicated: March 31, 2017 Remaining Contractual Maturities of the Agreements Overnight & Continuous Up to 30 Days 30 to 90 Days Greater than 90 Days Total (in thousands) U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 24,714 $ 0 $ 0 $ 0 $ 24,714 Total securities sold under agreements to repurchase $ 24,714 $ 0 $ 0 $ 0 $ 24,714 December 31, 2016 Remaining Contractual Maturities of the Agreements Overnight & Continuous Up to 30 Days 30 to 90 Days Greater than 90 Days Total (in thousands) U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 68,904 $ 0 $ 0 $ 0 $ 68,904 Total securities sold under agreements to repurchase $ 68,904 $ 0 $ 0 $ 0 $ 68,904

Fair Value of Assets and Liab21

Fair Value of Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2017
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. As of March 31, 2017 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 $ 134,168 $ 3,595 $ 0 $ 137,763 Obligations of U.S. states and their political subdivisions 0 657,287 0 0 657,287 Foreign government bonds 0 110,430 0 0 110,430 U.S. corporate public securities 0 2,405,204 1,160 0 2,406,364 U.S. corporate private securities 0 867,750 32,507 0 900,257 Foreign corporate public securities 0 218,486 0 0 218,486 Foreign corporate private securities 0 641,356 15,149 0 656,505 Asset-backed securities(4) 0 77,117 88,343 0 165,460 Commercial mortgage-backed securities 0 357,108 0 0 357,108 Residential mortgage-backed securities 0 81,748 0 0 81,748 Subtotal 0 5,550,654 140,754 0 5,691,408 Trading account assets: Corporate securities 0 19,922 0 0 19,922 Asset-backed securities(4) 0 302 0 0 302 Equity securities 0 0 17,190 0 17,190 Subtotal 0 20,224 17,190 0 37,414 Equity securities, available-for-sale 63 21,848 82 0 21,993 Short-term investments 7,000 19,989 0 0 26,989 Cash equivalents 5,856 11,984 0 0 17,840 Other long-term investments 0 90,800 19 (19,284 ) 71,535 Reinsurance recoverables 0 0 5,080,379 0 5,080,379 Receivables from parent and affiliates 0 137,394 0 0 137,394 Subtotal excluding separate account assets 12,919 5,852,893 5,238,424 (19,284 ) 11,084,952 Separate account assets(2) 0 119,776,488 0 0 119,776,488 Total assets $ 12,919 $ 125,629,381 $ 5,238,424 $ (19,284 ) $ 130,861,440 Future policy benefits(3) $ 0 $ 0 $ 4,632,555 $ 0 $ 4,632,555 Policyholders' account balances 0 0 24,867 0 24,867 Payables to parent and affiliates 0 19,123 0 (19,123 ) 0 Total liabilities $ 0 $ 19,123 $ 4,657,422 $ (19,123 ) $ 4,657,422 As of December 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 $ 160,740 $ 0 $ 0 $ 160,740 Obligations of U.S. states and their political subdivisions 0 626,486 0 0 626,486 Foreign government bonds 0 108,782 0 0 108,782 U.S. corporate public securities 0 2,306,409 55,109 0 2,361,518 U.S. corporate private securities 0 851,585 32,699 0 884,284 Foreign corporate public securities 0 221,848 0 0 221,848 Foreign corporate private securities 0 584,268 14,748 0 599,016 Asset-backed securities(4) 0 169,160 19,856 0 189,016 Commercial mortgage-backed securities 0 382,671 0 0 382,671 Residential mortgage-backed securities 0 83,188 0 0 83,188 Subtotal 0 5,495,137 122,412 0 5,617,549 Trading account assets: Corporate securities 0 19,256 0 0 19,256 Asset-backed securities(4) 0 302 0 0 302 Equity securities 0 0 15,770 0 15,770 Subtotal 0 19,558 15,770 0 35,328 Equity securities, available-for-sale 41 16,640 75 0 16,756 Short-term investments 31,007 5,650 0 0 36,657 Cash equivalents 5,644 1,998 0 0 7,642 Other long-term investments 0 90,884 0 (13,019 ) 77,865 Reinsurance recoverables 0 0 5,474,263 0 5,474,263 Receivables from parent and affiliates 0 131,144 6,493 0 137,637 Subtotal excluding separate account assets 36,692 5,761,011 5,619,013 (13,019 ) 11,403,697 Separate account assets(2) 0 116,040,888 0 0 116,040,888 Total assets $ 36,692 $ 121,801,899 $ 5,619,013 $ (13,019 ) $ 127,444,585 Future policy benefits(3) $ 0 $ 0 $ 5,041,007 $ 0 $ 5,041,007 Policyholders' account balances 0 0 20,337 0 20,337 Payables to parent and affiliates 0 12,854 0 (12,854 ) 0 Total liabilities $ 0 $ 12,854 $ 5,061,344 $ (12,854 ) $ 5,061,344 (1) “Netting” amounts represent cash collateral of $0.2 million and $0.2 million as of March 31, 2017 and December 31, 2016 , 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, 2017 , the net embedded derivative liability position of $4,633 million includes $1,235 million of embedded derivatives in an asset position and $5,868 million of embedded derivatives in a liability position. As of December 31, 2016 , the net embedded derivative liability position of $5,041 million includes $1,157 million of embedded derivatives in an asset position and $6,198 million of embedded derivatives in a liability position. (4) Includes credit tranched securities collateralized by sub-prime mortgages, auto loans, credit cards, education loans and other asset types.
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. As of March 31, 2017 Internal(1) External(2) Total (in thousands) U.S Treasury securities and obligations of U.S government authorities and agencies $ 0 $ 3,595 $ 3,595 Corporate securities(3) 46,854 1,962 48,816 Asset-backed securities(4) 35 88,308 88,343 Equity securities 4,008 13,264 17,272 Other long-term investments 19 0 19 Reinsurance recoverables 5,080,379 0 5,080,379 Receivables from parent and affiliates 0 0 0 Total assets $ 5,131,295 $ 107,129 $ 5,238,424 Future policy benefits $ 4,632,555 $ 0 $ 4,632,555 Policyholders' account balances 24,867 0 24,867 Total liabilities $ 4,657,422 $ 0 $ 4,657,422 As of December 31, 2016 Internal(1) External(2) Total (in thousands) U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 0 $ 0 $ 0 Corporate securities(3) 45,715 56,841 102,556 Asset-backed securities(4) 55 19,801 19,856 Equity securities 3,014 12,831 15,845 Other long-term investments 0 0 0 Reinsurance recoverables 5,474,263 0 5,474,263 Receivables from parent and affiliates 0 6,493 6,493 Total assets $ 5,523,047 $ 95,966 $ 5,619,013 Future policy benefits $ 5,041,007 $ 0 $ 5,041,007 Policyholders' account balances 20,337 0 20,337 Total liabilities $ 5,061,344 $ 0 $ 5,061,344 (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.
Fair Value Inputs, Assets, Quantitative Information	The tables below present quantitative information on significant internally-priced Level 3 assets and liabilities. As of March 31, 2017 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) $ 46,854 Discounted cash flow Discount rate 1.25 % 11.81 % 7.34 % Decrease Reinsurance recoverables - Living Benefits $ 4,640,172 Fair values are determined in the same manner as future policy benefits Reinsurance recoverables - No Lapse Guarantee $ 440,207 Discounted cash flow Lapse rate (3 ) 0 % 12 % Decrease NPR spread (4 ) 0.19 % 1.42 % Decrease Mortality rate (5 ) 0 % 31 % Decrease Premium Payment (6 ) 0.65 X 0.95 X Decrease Liabilities: Future policy benefits(7) $ 4,632,555 Discounted cash flow Lapse rate (8 ) 0 % 13 % Decrease NPR spread (4 ) 0.19 % 1.42 % Decrease Utilization rate (9 ) 52 % 96 % Increase Withdrawal rate See table footnote (10) below Mortality rate (11 ) 0 % 14 % Decrease Equity volatility curve 14 % 25 % Increase As of December 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) $ 45,715 Discounted cash flow Discount rate 4.54 % 15.00 % 8.06 % Decrease Market comparables EBITDA multiples(2) 4.0 X 4.0 X 4.0 X Increase Liquidation Liquidation value 98.21 % 98.21 % 98.21 % Increase Reinsurance recoverables - Living Benefits $ 5,041,262 Fair values are determined in the same manner as future policy benefits Reinsurance recoverables - No Lapse Guarantee $ 433,001 Discounted cash flow Lapse rate(3) 0 % 12 % Decrease NPR spread(4) 0.25 % 1.50 % Decrease Mortality rate(5) 0 % 31 % Decrease Premium payment(6) 0.65 X 0.95 X Decrease Liabilities: Future policy benefits(7) $ 5,041,007 Discounted cash flow Lapse rate(8) 0 % 13 % Decrease NPR spread(4) 0.25 % 1.50 % Decrease Utilization rate(9) 52 % 96 % Increase Withdrawal rate See table footnote (10) below. Mortality rate(11) 0 % 14 % Decrease Equity volatility curve 16 % 25 % 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, policyholders are assumed to pay a multiple of commissionable target premium levels (shown above and indicated as “X”). The multiples vary by funding level and policy duration. If the resulting premium in any duration is smaller than the minimum annual premium required to maintain the no-lapse guarantee, policyholders are assumed to pay the minimum annual premium. Policyholders are assumed to stop premium payments once the no-lapse guarantee is fully funded. The range shown as of March 31, 2017 excludes multiples for the first duration since all contracts are beyond the first duration. Assumption ranges for prior periods included first duration multiples. (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 age of the contractholder, the tax status of the contract and the duration since the contractholder began lifetime withdrawals. As of March 31, 2017 and December 31, 2016 , the minimum withdrawal assumption rate is 78% and the maximum withdrawal assumption rate may be greater than 100% . The fair value of the liability will generally increase the closer the withdrawal rate is to 100% and decrease as the withdrawal rate moves further away from 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.
Fair Value Inputs, Liabilities, Quantitative Information	The tables below present quantitative information on significant internally-priced Level 3 assets and liabilities. As of March 31, 2017 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) $ 46,854 Discounted cash flow Discount rate 1.25 % 11.81 % 7.34 % Decrease Reinsurance recoverables - Living Benefits $ 4,640,172 Fair values are determined in the same manner as future policy benefits Reinsurance recoverables - No Lapse Guarantee $ 440,207 Discounted cash flow Lapse rate (3 ) 0 % 12 % Decrease NPR spread (4 ) 0.19 % 1.42 % Decrease Mortality rate (5 ) 0 % 31 % Decrease Premium Payment (6 ) 0.65 X 0.95 X Decrease Liabilities: Future policy benefits(7) $ 4,632,555 Discounted cash flow Lapse rate (8 ) 0 % 13 % Decrease NPR spread (4 ) 0.19 % 1.42 % Decrease Utilization rate (9 ) 52 % 96 % Increase Withdrawal rate See table footnote (10) below Mortality rate (11 ) 0 % 14 % Decrease Equity volatility curve 14 % 25 % Increase As of December 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) $ 45,715 Discounted cash flow Discount rate 4.54 % 15.00 % 8.06 % Decrease Market comparables EBITDA multiples(2) 4.0 X 4.0 X 4.0 X Increase Liquidation Liquidation value 98.21 % 98.21 % 98.21 % Increase Reinsurance recoverables - Living Benefits $ 5,041,262 Fair values are determined in the same manner as future policy benefits Reinsurance recoverables - No Lapse Guarantee $ 433,001 Discounted cash flow Lapse rate(3) 0 % 12 % Decrease NPR spread(4) 0.25 % 1.50 % Decrease Mortality rate(5) 0 % 31 % Decrease Premium payment(6) 0.65 X 0.95 X Decrease Liabilities: Future policy benefits(7) $ 5,041,007 Discounted cash flow Lapse rate(8) 0 % 13 % Decrease NPR spread(4) 0.25 % 1.50 % Decrease Utilization rate(9) 52 % 96 % Increase Withdrawal rate See table footnote (10) below. Mortality rate(11) 0 % 14 % Decrease Equity volatility curve 16 % 25 % 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, policyholders are assumed to pay a multiple of commissionable target premium levels (shown above and indicated as “X”). The multiples vary by funding level and policy duration. If the resulting premium in any duration is smaller than the minimum annual premium required to maintain the no-lapse guarantee, policyholders are assumed to pay the minimum annual premium. Policyholders are assumed to stop premium payments once the no-lapse guarantee is fully funded. The range shown as of March 31, 2017 excludes multiples for the first duration since all contracts are beyond the first duration. Assumption ranges for prior periods included first duration multiples. (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 age of the contractholder, the tax status of the contract and the duration since the contractholder began lifetime withdrawals. As of March 31, 2017 and December 31, 2016 , the minimum withdrawal assumption rate is 78% and the maximum withdrawal assumption rate may be greater than 100% . The fair value of the liability will generally increase the closer the withdrawal rate is to 100% and decrease as the withdrawal rate moves further away from 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.
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, 2017 Fixed Maturities, Available-for-Sale U.S. Treasury Securities and obligations of U.S. government authorities U.S. Corporate Public Securities U.S. Corporate Private Securities Foreign Corporate Private Securities Asset-Backed Securities(4) Trading Account Assets- Equity Securities (in thousands) Fair value, beginning of period $ 0 $ 55,109 $ 32,699 $ 14,748 $ 19,856 $ 15,770 Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 0 0 414 (62 ) 0 0 Asset management fees and other income 0 0 0 0 0 1,420 Included in other comprehensive income (loss) 0 8 23 422 73 0 Net investment income 0 0 24 (21 ) 36 0 Purchases 25 0 5,896 62 4,000 0 Sales 0 (51,430 ) 0 0 0 0 Issuances 0 0 0 0 0 0 Settlements 0 (362 ) (5,156 ) 0 (129 ) 0 Transfers into Level 3(1) 0 1,472 342 0 64,507 0 Transfers out of Level 3(1) 0 (67 ) (1,735 ) 0 0 0 Other(3) 3,570 (3,570 ) 0 0 0 0 Fair value, end of period $ 3,595 $ 1,160 $ 32,507 $ 15,149 $ 88,343 $ 17,190 Unrealized gains (losses) for assets still held(2): Included in earnings: Realized investment gains (losses), net $ 0 $ 0 $ 0 $ (62 ) $ 0 $ 0 Asset management fees and other income $ 0 $ 0 $ 0 $ 0 $ 0 $ 1,420 Three Months Ended March 31, 2017 Equity Securities, Other Long-term Investments Reinsurance Recoverables Receivables from Parent and Affiliates Future Policy Benefits Policyholders' Account Balances (in thousands) Fair value, beginning of period $ 75 $ 0 $ 5,474,263 $ 6,493 $ (5,041,007 ) $ (20,337 ) Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net(5) 0 11 (610,479 ) 0 623,193 (6,007 ) Asset management fees and other income 0 0 0 0 0 0 Included in other comprehensive income (loss) 7 0 0 0 0 0 Net investment income 0 0 0 0 0 0 Purchases 0 0 216,595 0 0 0 Sales 0 0 0 0 0 0 Issuances 0 0 0 0 (214,741 ) 0 Settlements 0 0 0 0 0 1,477 Transfers into Level 3(1) 0 8 0 0 0 0 Transfers out of Level 3(1) 0 0 0 (6,493 ) 0 0 Other 0 0 0 0 0 0 Fair value, end of period $ 82 $ 19 $ 5,080,379 $ 0 $ (4,632,555 ) $ (24,867 ) Unrealized gains (losses) for assets/liabilities still held(2): Included in earnings: Realized investment gains (losses), net $ 0 $ 0 $ (574,024 ) $ 0 $ 586,992 $ (6,007 ) Asset management fees and other income $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Three Months Ended March 31, 2016 Fixed Maturities, Available-for-Sale U.S. Treasury Securities and obligations of U.S. government authorities U.S. Corporate Public Securities U.S. Corporate Private Securities Foreign Corporate Private Securities Asset-Backed Trading Account Assets - (in thousands) Fair value, beginning of period $ 0 $ 55,003 $ 22,716 $ 17,773 $ 173,347 $ 18,248 Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 0 0 (508 ) (194 ) 9 0 Asset management fees and other income 0 0 0 0 0 691 Included in other comprehensive income (loss) 0 0 (976 ) (215 ) (902 ) 0 Net investment income 0 0 4 5 98 0 Purchases 0 0 209 65 0 0 Sales 0 0 0 0 0 0 Issuances 0 0 0 0 0 0 Settlements 0 0 (950 ) (4,823 ) (343 ) 0 Transfers into Level 3(1) 0 0 8,753 1,587 10,916 0 Transfers out of Level 3(1) 0 0 0 0 (58,734 ) 0 Other(3) 0 0 0 0 0 3,260 Fair value, end of period $ 0 $ 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 $ 0 $ (508 ) $ 0 $ 0 $ 0 Asset management fees and other income $ 0 $ 0 $ 0 $ 0 $ 0 $ 691 Three Months Ended March 31, 2016 Equity Other Long- Reinsurance Receivables from Parent and Affiliates Future Policy Policyholders' account balances (in thousands) Fair value, beginning of period $ 165 $ 5,704 $ 4,940,011 $ 5,000 $ (5,205,434 ) $ 0 Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net(5) 0 0 1,625,887 (13 ) (1,700,231 ) 0 Asset management fees and other income 0 0 0 0 0 0 Included in other comprehensive income (loss) (15 ) 0 0 34 0 0 Net investment income 0 0 0 0 0 0 Purchases 0 0 175,839 0 0 0 Sales 0 0 0 (1,988 ) 0 0 Issuances 0 0 0 0 (192,982 ) 0 Settlements 0 0 0 0 0 0 Transfers into Level 3(1) 0 0 0 0 0 0 Transfers out of Level 3(1) 0 0 0 (2,464 ) 0 0 Other(3) 0 (3,260 ) 0 0 0 0 Fair value, end of period $ 150 $ 2,444 $ 6,741,737 $ 569 $ (7,098,647 ) $ 0 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 ) $ 0 Asset management fees and other income $ 0 $ 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 and liabilities between reporting categories. (4) Includes credit-tranched securities collateralized by sub-prime mortgages, auto loans, credit cards, education loans and other asset types. (5) Realized investment gains (losses) on Future Policy Benefits and Reinsurance Recoverables primarily represents the change in the fair value of the Company's living benefit guarantees on certain of its variable annuity contracts. Refer to Note 1 for impacts to Realized investment gains (losses) related to the Variable Annuities Recapture.
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, 2017 Fixed Maturities, Available-for-Sale U.S. Treasury Securities and obligations of U.S. government authorities U.S. Corporate Public Securities U.S. Corporate Private Securities Foreign Corporate Private Securities Asset-Backed Securities(4) Trading Account Assets- Equity Securities (in thousands) Fair value, beginning of period $ 0 $ 55,109 $ 32,699 $ 14,748 $ 19,856 $ 15,770 Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 0 0 414 (62 ) 0 0 Asset management fees and other income 0 0 0 0 0 1,420 Included in other comprehensive income (loss) 0 8 23 422 73 0 Net investment income 0 0 24 (21 ) 36 0 Purchases 25 0 5,896 62 4,000 0 Sales 0 (51,430 ) 0 0 0 0 Issuances 0 0 0 0 0 0 Settlements 0 (362 ) (5,156 ) 0 (129 ) 0 Transfers into Level 3(1) 0 1,472 342 0 64,507 0 Transfers out of Level 3(1) 0 (67 ) (1,735 ) 0 0 0 Other(3) 3,570 (3,570 ) 0 0 0 0 Fair value, end of period $ 3,595 $ 1,160 $ 32,507 $ 15,149 $ 88,343 $ 17,190 Unrealized gains (losses) for assets still held(2): Included in earnings: Realized investment gains (losses), net $ 0 $ 0 $ 0 $ (62 ) $ 0 $ 0 Asset management fees and other income $ 0 $ 0 $ 0 $ 0 $ 0 $ 1,420 Three Months Ended March 31, 2017 Equity Securities, Other Long-term Investments Reinsurance Recoverables Receivables from Parent and Affiliates Future Policy Benefits Policyholders' Account Balances (in thousands) Fair value, beginning of period $ 75 $ 0 $ 5,474,263 $ 6,493 $ (5,041,007 ) $ (20,337 ) Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net(5) 0 11 (610,479 ) 0 623,193 (6,007 ) Asset management fees and other income 0 0 0 0 0 0 Included in other comprehensive income (loss) 7 0 0 0 0 0 Net investment income 0 0 0 0 0 0 Purchases 0 0 216,595 0 0 0 Sales 0 0 0 0 0 0 Issuances 0 0 0 0 (214,741 ) 0 Settlements 0 0 0 0 0 1,477 Transfers into Level 3(1) 0 8 0 0 0 0 Transfers out of Level 3(1) 0 0 0 (6,493 ) 0 0 Other 0 0 0 0 0 0 Fair value, end of period $ 82 $ 19 $ 5,080,379 $ 0 $ (4,632,555 ) $ (24,867 ) Unrealized gains (losses) for assets/liabilities still held(2): Included in earnings: Realized investment gains (losses), net $ 0 $ 0 $ (574,024 ) $ 0 $ 586,992 $ (6,007 ) Asset management fees and other income $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Three Months Ended March 31, 2016 Fixed Maturities, Available-for-Sale U.S. Treasury Securities and obligations of U.S. government authorities U.S. Corporate Public Securities U.S. Corporate Private Securities Foreign Corporate Private Securities Asset-Backed Trading Account Assets - (in thousands) Fair value, beginning of period $ 0 $ 55,003 $ 22,716 $ 17,773 $ 173,347 $ 18,248 Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net 0 0 (508 ) (194 ) 9 0 Asset management fees and other income 0 0 0 0 0 691 Included in other comprehensive income (loss) 0 0 (976 ) (215 ) (902 ) 0 Net investment income 0 0 4 5 98 0 Purchases 0 0 209 65 0 0 Sales 0 0 0 0 0 0 Issuances 0 0 0 0 0 0 Settlements 0 0 (950 ) (4,823 ) (343 ) 0 Transfers into Level 3(1) 0 0 8,753 1,587 10,916 0 Transfers out of Level 3(1) 0 0 0 0 (58,734 ) 0 Other(3) 0 0 0 0 0 3,260 Fair value, end of period $ 0 $ 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 $ 0 $ (508 ) $ 0 $ 0 $ 0 Asset management fees and other income $ 0 $ 0 $ 0 $ 0 $ 0 $ 691 Three Months Ended March 31, 2016 Equity Other Long- Reinsurance Receivables from Parent and Affiliates Future Policy Policyholders' account balances (in thousands) Fair value, beginning of period $ 165 $ 5,704 $ 4,940,011 $ 5,000 $ (5,205,434 ) $ 0 Total gains (losses) (realized/unrealized): Included in earnings: Realized investment gains (losses), net(5) 0 0 1,625,887 (13 ) (1,700,231 ) 0 Asset management fees and other income 0 0 0 0 0 0 Included in other comprehensive income (loss) (15 ) 0 0 34 0 0 Net investment income 0 0 0 0 0 0 Purchases 0 0 175,839 0 0 0 Sales 0 0 0 (1,988 ) 0 0 Issuances 0 0 0 0 (192,982 ) 0 Settlements 0 0 0 0 0 0 Transfers into Level 3(1) 0 0 0 0 0 0 Transfers out of Level 3(1) 0 0 0 (2,464 ) 0 0 Other(3) 0 (3,260 ) 0 0 0 0 Fair value, end of period $ 150 $ 2,444 $ 6,741,737 $ 569 $ (7,098,647 ) $ 0 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 ) $ 0 Asset management fees and other income $ 0 $ 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 and liabilities between reporting categories. (4) Includes credit-tranched securities collateralized by sub-prime mortgages, auto loans, credit cards, education loans and other asset types. (5) Realized investment gains (losses) on Future Policy Benefits and Reinsurance Recoverables primarily represents the change in the fair value of the Company's living benefit guarantees on certain of its variable annuity contracts. Refer to Note 1 for impacts to Realized investment gains (losses) related to the Variable Annuities Recapture.
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, 2017(1) Fair Value Carrying Amount(2) Level 1 Level 2 Level 3 Total Total (in thousands) Assets: Commercial mortgage and other loans $ 0 $ 0 $ 1,255,347 $ 1,255,347 $ 1,219,827 Policy loans 0 0 1,167,204 1,167,204 1,167,204 Cash and cash equivalents 50,550 65,000 0 115,550 115,550 Accrued investment income 0 88,697 0 88,697 88,697 Receivables from parent and affiliates 0 148,254 0 148,254 148,254 Other assets 0 63,860 0 63,860 63,860 Total assets $ 50,550 $ 365,811 $ 2,422,551 $ 2,838,912 $ 2,803,392 Liabilities: Policyholders’ account balances - investment contracts $ 0 $ 1,145,799 $ 258,289 $ 1,404,088 $ 1,407,862 Securities sold under agreements to repurchase 0 24,714 0 24,714 24,714 Cash collateral for loaned securities 0 74,204 0 74,204 74,204 Short-term debt to affiliates 0 108,100 0 108,100 108,100 Payables to parent and affiliates 0 197,515 0 197,515 197,515 Other liabilities 0 269,492 0 269,492 269,492 Total liabilities $ 0 $ 1,819,824 $ 258,289 $ 2,078,113 $ 2,081,887 December 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 $ 0 $ 1,181,582 $ 1,181,582 $ 1,150,381 Policy loans 0 0 1,166,456 1,166,456 1,166,456 Cash and cash equivalents 30,149 58,366 0 88,515 88,515 Accrued investment income 0 87,322 0 87,322 87,322 Receivables from parent and affiliates 0 76,315 0 76,315 76,315 Other assets 0 37,969 0 37,969 37,969 Total assets $ 30,149 $ 259,972 $ 2,348,038 $ 2,638,159 $ 2,606,958 Liabilities: Policyholders’ account balances - investment contracts $ 0 $ 1,129,378 $ 253,007 $ 1,382,385 $ 1,386,099 Securities sold under agreements to repurchase 0 68,904 0 68,904 68,904 Cash collateral for loaned securities 0 74,976 0 74,976 74,976 Short-term debt to affiliates 0 0 0 0 0 Payables to parent and affiliates 0 73,628 0 73,628 73,628 Other liabilities 0 305,969 0 305,969 305,969 Total liabilities $ 0 $ 1,652,855 $ 253,007 $ 1,905,862 $ 1,909,576 (1) Other long-term investments excluded from the fair value hierarchy include certain hedge funds, private equity funds and other funds for which fair value is measured at net asset value per share (or its equivalent) as a practical expedient. At March 31, 2017 and December 31, 2016 , the fair values of these cost method investments were $40 million and $35 million , respectively. The carrying amounts of these investments were $34 million and $32 million as of March 31, 2017 and December 31, 2016 , 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, 2017
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 which are recorded with the associated host and the related reinsurance recoverables. 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. Based on notional amounts, most of the Company’s derivatives do not qualify for hedge accounting. Derivatives that economically hedge embedded derivatives do not qualify for hedge accounting because changes in the fair value of the embedded derivatives are already recorded in net income. March 31, 2017 December 31, 2016 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 $ 502,863 $ 39,817 $ (5,959 ) $ 435,602 $ 44,040 $ (1,835 ) Total Qualifying Hedges $ 502,863 $ 39,817 $ (5,959 ) $ 435,602 $ 44,040 $ (1,835 ) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 101,075 $ 7,622 $ 0 $ 101,076 $ 8,215 $ 0 Interest Rate Options 94,000 500 0 0 0 0 Foreign Currency Foreign Currency Forwards 13,169 8 (87 ) 13,447 216 (20 ) Credit Credit Default Swaps 3,000 0 (274 ) 3,000 0 (281 ) Currency/Interest Rate Foreign Currency Swaps 99,863 7,015 (1,698 ) 56,626 7,789 (211 ) Equity Equity Options 776,504 35,857 (11,105 ) 649,807 30,624 (10,507 ) Total Non-Qualifying Hedges $ 1,087,611 $ 51,002 $ (13,164 ) $ 823,956 $ 46,844 $ (11,019 ) Total Derivatives (1) $ 1,590,474 $ 90,819 $ (19,123 ) $ 1,259,558 $ 90,884 $ (12,854 ) (1) Excludes embedded derivatives and the related reinsurance recoverables which contain multiple underlyings.
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, 2017 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) $ 90,800 $ (19,284 ) $ 71,516 $ (69,356 ) $ 2,160 Securities purchased under agreements to resell 65,000 0 65,000 (65,000 ) 0 Total Assets $ 155,800 $ (19,284 ) $ 136,516 $ (134,356 ) $ 2,160 Offsetting of Financial Liabilities: Derivatives (1) $ 19,123 $ (19,123 ) $ 0 $ 0 $ 0 Securities sold under agreements to repurchase 24,714 0 24,714 (24,714 ) 0 Total Liabilities $ 43,837 $ (19,123 ) $ 24,714 $ (24,714 ) $ 0 December 31, 2016 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) $ 90,877 $ (13,019 ) $ 77,858 $ (77,858 ) $ 0 Securities purchased under agreements to resell 58,366 0 58,366 (58,366 ) 0 Total Assets $ 149,243 $ (13,019 ) $ 136,224 $ (136,224 ) $ 0 Offsetting of Financial Liabilities: Derivatives (1) $ 12,854 $ (12,854 ) $ 0 $ 0 $ 0 Securities sold under agreements to repurchase 68,904 0 68,904 (68,904 ) 0 Total Liabilities $ 81,758 $ (12,854 ) $ 68,904 $ (68,904 ) $ 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, 2017 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) $ 90,800 $ (19,284 ) $ 71,516 $ (69,356 ) $ 2,160 Securities purchased under agreements to resell 65,000 0 65,000 (65,000 ) 0 Total Assets $ 155,800 $ (19,284 ) $ 136,516 $ (134,356 ) $ 2,160 Offsetting of Financial Liabilities: Derivatives (1) $ 19,123 $ (19,123 ) $ 0 $ 0 $ 0 Securities sold under agreements to repurchase 24,714 0 24,714 (24,714 ) 0 Total Liabilities $ 43,837 $ (19,123 ) $ 24,714 $ (24,714 ) $ 0 December 31, 2016 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) $ 90,877 $ (13,019 ) $ 77,858 $ (77,858 ) $ 0 Securities purchased under agreements to resell 58,366 0 58,366 (58,366 ) 0 Total Assets $ 149,243 $ (13,019 ) $ 136,224 $ (136,224 ) $ 0 Offsetting of Financial Liabilities: Derivatives (1) $ 12,854 $ (12,854 ) $ 0 $ 0 $ 0 Securities sold under agreements to repurchase 68,904 0 68,904 (68,904 ) 0 Total Liabilities $ 81,758 $ (12,854 ) $ 68,904 $ (68,904 ) $ 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, 2017 Realized Net Other AOCI (1) (in thousands) Derivatives Designated as Hedge Accounting Instruments: Cash flow hedges Currency/Interest Rate $ 0 $ 1,188 $ (2,421 ) $ (10,261 ) Total cash flow hedges 0 1,188 (2,421 ) (10,261 ) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 501 0 0 0 Currency (128 ) 0 0 0 Currency/Interest Rate 2,127 0 3 0 Credit (31 ) 0 0 0 Equity 5,921 0 0 0 Embedded Derivatives (36,607 ) 0 0 0 Total non-qualifying hedges (28,217 ) 0 3 0 Total $ (28,217 ) $ 1,188 $ (2,418 ) $ (10,261 ) 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 ) (1) Amounts deferred in AOCI.
Schedule of Derivative Instruments Recognized in Accumulated Other Comprehensive Income (Loss) Before Taxes	Presented below is a rollforward of current period cash flow hedges in “Accumulated other comprehensive income (loss)” before taxes: (in thousands) Balance, December 31, 2016 $ 40,931 Net deferred gains (losses) on cash flow hedges from January 1 to March 31, 2017 (7,128 ) Amounts reclassified into current period earnings (3,133 ) Balance, March 31, 2017 $ 30,670

Reinsurance (Tables)

Reinsurance (Tables)	3 Months Ended
	Mar. 31, 2017
Reinsurance Disclosures [Abstract]
Reinsurance Impact on Balance Sheet	Reinsurance amounts included in the Company’s Unaudited Interim Consolidated Statements of Financial Position as of March 31, 2017 and December 31, 2016 were as follows: March 31, 2017 December 31, 2016 (in thousands) Reinsurance recoverables $ 29,009,729 $ 28,674,226 Policy loans (87,977 ) (87,112 ) Deferred policy acquisition costs (6,581,824 ) (6,482,889 ) Deferred sales inducements (606,301 ) (615,117 ) Other assets(1) 231,001 226,347 Policyholders’ account balances 4,985,550 4,978,859 Future policy benefits 2,927,105 2,833,327 Other liabilities(2) 398,051 410,376 (1) “Other assets” includes $0.1 million of unaffiliated activity as of both March 31, 2017 and December 31, 2016 . (2) “Other liabilities” includes $32 million and $28 million of unaffiliated activity as of March 31, 2017 and December 31, 2016 , respectively.
Reinsurance Recoverable by Affiliate	The reinsurance recoverables by counterparty are broken out below: March 31, 2017 December 31, 2016 (in thousands) PAR U $ 10,695,767 $ 10,514,125 PALAC 7,392,109 7,706,860 PURC 3,310,211 3,153,449 PARCC 2,622,411 2,589,397 PAR Term 1,449,910 1,403,738 Prudential of Taiwan 1,338,239 1,246,241 Prudential Insurance 952,767 976,652 Term Re 690,793 593,084 UPARC 482,004 467,904 GUL Re 55,524 0 Unaffiliated 19,994 22,776 Total reinsurance recoverables $ 29,009,729 $ 28,674,226
Reinsurance Impact On Income Statement	Reinsurance amounts, included in the Company’s Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss) for the three months ended March 31, were as follows: 2017 2016(1) (in thousands) Premiums: Direct $ 417,993 $ 391,180 Assumed(2) 66 148 Ceded (412,302 ) (373,413 ) Net premiums 5,757 17,915 Policy charges and fee income: Direct 781,561 732,890 Assumed 116,339 194,313 Ceded(3) (769,898 ) (400,641 ) Net policy charges and fee income 128,002 526,562 Net investment income: Direct 90,401 106,137 Assumed 360 345 Ceded (1,146 ) (1,030 ) Net investment income 89,615 105,452 Asset administration fees: Direct 80,999 72,791 Assumed 0 0 Ceded (76,812 ) 0 Net asset administration fees 4,187 72,791 Other income: Direct 15,438 11,695 Assumed(4) 551 (41 ) Ceded (12 ) 0 Amortization of reinsurance income 0 1,868 Net other income 15,977 13,522 Realized investment gains (losses), net: Direct 622,126 (1,534,352 ) Assumed 0 (39 ) Ceded(5) (654,705 ) 1,589,542 Realized investment gains (losses), net (32,579 ) 55,151 Policyholders’ benefits (including change in reserves): Direct 685,495 618,143 Assumed(6) 129,137 260,876 Ceded(7) (743,145 ) (778,289 ) Net policyholders’ benefits (including change in reserves) 71,487 100,730 Interest credited to policyholders’ account balances: Direct 98,917 213,482 Assumed 33,934 33,835 Ceded (88,091 ) (60,886 ) Net interest credited to policyholders’ account balances 44,760 186,431 Net reinsurance expense allowances, net of capitalization and amortization (362,236 ) (92,068 ) (1) Prior period amounts in the table above have been revised to correct previously reported numbers. These prior periods revisions have also been reflected in the Unaudited Interim Consolidated Financial Statements. See Note 11 for a more detailed description of the revision. (2) "Premiums assumed" includes $0.1 million of unaffiliated activity for both the three months ended March 31, 2017 and 2016 . (3) "Policy charges and fee income ceded" includes $(0.7) million and $(0.2) million of unaffiliated activity for the three months ended March 31, 2017 and 2016 , respectively. (4) "Other income assumed" includes $ 0.6 million and $ 0.0 million of unaffiliated activity for the three months ended March 31, 2017 and 2016 , respectively. (5) “Realized investment gains (losses), net ceded” includes $ (8) million and $ 25 million of unaffiliated activity for the three months ended March 31, 2017 and 2016 , respectively. (6) "Policyholders' benefits (including change in reserves) assumed" includes $0.4 million and $ 0.2 million of unaffiliated activity for the three months ended March 31, 2017 and 2016 , respectively. (7) "Policyholders' benefits (including change in reserves) ceded" includes $ 3 million and $ 2 million of unaffiliated activity for the three months ended March 31, 2017 and 2016 , respectively.
Gross and Net Life Insurance in Force	The gross and net amounts of life insurance face amount in force as of March 31, 2017 and 2016 were as follows: 2017 2016 (in thousands) Direct gross life insurance face amount in force $ 840,190,324 $ 783,961,855 Assumed gross life insurance face amount in force 42,499,716 43,367,167 Reinsurance ceded (817,213,475 ) (765,067,750 ) Net life insurance face amount in force $ 65,476,565 $ 62,261,272

Equity (Tables)

Equity (Tables)	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
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, 2017 and 2016 , 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, 2016 $ (402 ) $ 71,377 $ 70,975 Change in OCI before reclassifications 23 23,059 23,082 Amounts reclassified from AOCI 0 4,144 4,144 Income tax benefit (expense) (8 ) (9,521 ) (9,529 ) Balance, March 31, 2017 $ (387 ) $ 89,059 $ 88,672 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 (1) Includes cash flow hedges of $31 million and $41 million as of March 31, 2017 and December 31, 2016 , respectively, and $31 million and $48 million as of March 31, 2016 and December 31, 2015, respectively .
Reclassification out of Accumulated Other Comprehensive Income	Reclassifications out of Accumulated Other Comprehensive Income (Loss) Three Months Ended March 31, 2017 2016 (in thousands) Amounts reclassified from AOCI (1)(2): Net unrealized investment gains (losses): Cash flow hedges - Currency/Interest rate(3) $ 3,133 $ (827 ) Net unrealized investment gains (losses) on available-for-sale securities(4) (7,277 ) (14,097 ) Total net unrealized investment gains (losses) (4,144 ) (14,924 ) Total reclassifications for the period $ (4,144 ) $ (14,924 ) (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 6 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.
OTTI Net Unrealized Investment Gains (Losses) AOCI Rollforward	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 (losses), are as follows: Net Unrealized Investment Gains (Losses) on Fixed Maturity Securities on which an OTTI loss has been recognized Net Unrealized Gains (Losses) on Investments Deferred Policy Acquisition Costs 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, 2016 $ 4,883 $ (1,559 ) $ 1,279 $ (1,643 ) $ 2,960 Net investment gains (losses) on investments arising during the period 54 0 0 (19 ) 35 Reclassification adjustment for (gains) losses included in net income (541 ) 0 0 189 (352 ) Reclassification adjustment for OTTI losses excluded from net income(1) (42 ) 0 0 15 (27 ) Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs 0 396 0 (139 ) 257 Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances 0 0 (372 ) 130 (242 ) Balance, March 31, 2017 $ 4,354 $ (1,163 ) $ 907 $ (1,467 ) $ 2,631 (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 (Losses) in AOCI Rollforward	All Other Net Unrealized Investment Gains (Losses) in AOCI Net Unrealized Gains (Losses) on Investments(2) Deferred Policy Acquisition Costs and Other Costs 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, 2016 $ 107,549 $ (17,235 ) $ 14,774 $ (36,671 ) $ 68,417 Net investment gains (losses) on investments arising during the period 32,468 0 0 (11,364 ) 21,104 Reclassification adjustment for (gains) losses included in net income (3,603 ) 0 0 1,261 (2,342 ) Reclassification adjustment for OTTI losses excluded from net income(1) 42 0 0 (15 ) 27 Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs 0 (4,111 ) 0 1,439 (2,672 ) Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances 0 0 2,912 (1,018 ) 1,894 Balance, March 31, 2017 $ 136,456 $ (21,346 ) $ 17,686 $ (46,368 ) $ 86,428 (1) Includes cash flow hedges. See Note 6 for information on cash flow hedges. (2) 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. (3) Balances are net of reinsurance.

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Affiliated Notes Receivable	Affiliated notes receivable included in “Other assets” at March 31, 2017 and December 31, 2016 were as follows: Maturity Dates Interest Rates March 31, 2017 December 31, 2016 (in thousands) U.S. Dollar floating rate notes 2028 2.31% - 2.45 % $ 6,518 $ 0 U.S. Dollar fixed rate notes 2022 - 2028 0.00% - 14.85 % 130,876 137,636 Total long-term notes receivable - affiliated(1) $ 137,394 $ 137,636 (1) All long-term notes receivable may be called for prepayment prior to the respective maturity dates under specified circumstances.
Affiliated Asset Transfer	The table below shows affiliated asset trades for the three months ended March 31, 2017 and for the year ended December 31, 2016 , excluding those related to the Variable Annuities Recapture effective April 1, 2016 , as described in Note 1 . Affiliate Date Transaction Security Type Fair Value Book Value Additional Paid-in Capital, Net of Tax Increase/(Decrease) Realized Investment Gain/(Loss), Net of Tax (in thousands) Prudential Insurance March 2016 Sale Fixed Maturities & Short-Term Investments $ 88,783 $ 88,875 $ (60 ) $ 0 PALAC January 2017 Purchase Fixed Maturities & Short-Term Investments $ 29 $ 29 $ 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, 2017 Amount of Notes - December 31, 2016 Interest Rate Date of Maturity (in thousands) Prudential Funding, LLC 3/31/2017 $ 108,100 $ 0 0.94 % - 1.10% 4/3/2017 - 4/28/2017 Total Loans Payable to Affiliates $ 108,100 $ 0

Revision to Prior Year Inform26

Revision to Prior Year Information (Tables)	3 Months Ended
	Mar. 31, 2017
Prior Period Adjustment [Abstract]
Revisions to 2016 Consolidated Financial Statements	The following are selected line items from the consolidated financial statements illustrating the effects of these revisions: Consolidated Statements of Operations and Comprehensive Income (Loss) (UNAUDITED) Three Months Ended March 31, 2016 As Previously Reported Revision As Revised (in thousands) REVENUES Policy charges and fee income $ 527,407 $ (845 ) $ 526,562 TOTAL REVENUES 792,238 (845 ) 791,393 BENEFITS AND EXPENSES Policyholders' benefits 98,528 2,202 100,730 Amortization of deferred policy acquisition costs 640,552 (966 ) 639,586 TOTAL BENEFITS AND EXPENSES 1,162,464 1,236 1,163,700 INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES (370,226 ) (2,081 ) (372,307 ) Income tax expense (benefit) (44,095 ) (13 ) (44,108 ) NET INCOME (LOSS) (326,131 ) (2,068 ) (328,199 ) COMPREHENSIVE INCOME (LOSS) (210,804 ) (2,068 ) (212,872 ) Consolidated Statements of Equity (UNAUDITED) Retained Earnings Total Equity As Previously Reported Revision As Revised As Previously Reported Revision As Revised (in thousands) Balance, December 31, 2015 $ 3,663,539 $ (28,392 ) $ 3,635,147 $ 4,510,817 $ (28,392 ) $ 4,482,425 Comprehensive income (loss): Net income (loss) (326,131 ) (2,068 ) (328,199 ) (326,131 ) (2,068 ) (328,199 ) Total comprehensive income (loss) (210,804 ) (2,068 ) (212,872 ) Balance, March 31, 2016 3,337,408 (30,460 ) 3,306,948 4,304,953 (30,460 ) 4,274,493 Consolidated Statements of Cash Flows (UNAUDITED) Three Months Ended March 31, 2016 As Previously Reported Revision As Revised (in thousands) CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) $ (326,131 ) $ (2,068 ) $ (328,199 ) Policy charges and fee income (5,850 ) 845 (5,005 ) Future policy benefits 416,396 8,508 424,904 Reinsurance recoverables (353,572 ) (6,306 ) (359,878 ) Deferred policy acquisition costs 489,279 (966 ) 488,313 Income taxes (125,565 ) (13 ) (125,578 ) Cash flows from (used in) operating activities 333,424 0 333,424

Business and Basis of Present27

Business and Basis of Presentation (Narrative) (Details) $ in Millions	1 Months Ended	3 Months Ended
	Apr. 30, 2016USD ($)	Mar. 31, 2017subsidiary	Jun. 30, 2016USD ($)	Apr. 01, 2016USD ($)	Mar. 31, 2016USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number Of Subsidiaries | subsidiary		2
Variable Annuity
Effects of Reinsurance [Line Items]
Reinsurance recoverables				$ 28,736	$ 24,781
Variable Annuity | Impacts of Recapture
Effects of Reinsurance [Line Items]
Reinsurance recoverables				(6,312)
Variable Annuity | Impacts of Recapture | Pruco Re
Effects of Reinsurance [Line Items]
Asset transfer				4,200
Reinsurance recoverables				(6,300)
Gain (loss) recognized on transfer	$ (2,100)
Variable Annuity | Impacts of Recapture | PALAC
Effects of Reinsurance [Line Items]
Asset transfer			$ (7,000)
Ceding commissions	3,600
Variable Annuity | Impacts of Recapture | Prudential Insurance
Effects of Reinsurance [Line Items]
Asset transfer			$ (700)
Ceding commissions	400
Dividend paid	2,600
Variable Annuity | Impacts of Recapture | PALAC and Prudential Insurance
Effects of Reinsurance [Line Items]
Reinsurance recoverables				$ 10,300
Gain (loss) recognized on transfer	(200)
Variable Annuity | Reassignment of debt | Impacts of Recapture | PALAC
Effects of Reinsurance [Line Items]
Ceding commissions	1,100
Variable Annuity | Reassignment of debt | Impacts of Recapture | Prudential Insurance
Effects of Reinsurance [Line Items]
Ceding commissions	100
Living benefit guarantees | Impacts of Recapture
Effects of Reinsurance [Line Items]
Gain (loss) recognized on transfer	$ 2,800

Business and Basis of Present28

Business and Basis of Presentation (Variable Annuities Recapture Affected Financial Statement Lines) (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Apr. 30, 2016	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Jun. 30, 2016	Apr. 01, 2016	Dec. 31, 2015
ASSETS
Total investments		$ 8,512,906		$ 8,367,590
Cash and cash equivalents		133,390	$ 495,840	96,157			$ 370,286
Deferred Policy Acquisition Costs		1,379,461		1,341,093
Other Assets		309,789		279,222
TOTAL ASSETS		160,114,826		155,665,990
LIABILITIES
Income taxes		88,384		97,400
Other Liabilities		796,991		849,698
TOTAL LIABILITIES		157,555,254		153,169,187
EQUITY
Retained earnings		1,477,338		1,437,266
Accumulated other comprehensive income		88,672		70,975
TOTAL EQUITY		2,559,572		2,496,803
TOTAL LIABILITIES AND EQUITY		160,114,826		155,665,990
REVENUES
Premiums		5,757	17,915
Realized Investment Gains (Losses)		(32,579)	55,151
TOTAL REVENUES		210,959	791,393
BENEFITS AND EXPENSES
Policyholders’ benefits		71,487	100,730
General, administrative and other expenses		56,819	236,953
TOTAL BENEFITS AND EXPENSES		189,338	1,163,700
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES		21,621	(372,307)
Income tax expense (benefit)		(18,451)	(44,108)
NET INCOME (LOSS)		40,072	(328,199)
Impacts of Reinsurance
ASSETS
Deferred Policy Acquisition Costs		(6,581,824)		(6,482,889)
Deferred sales inducements		(606,301)		(615,117)
Other Assets		231,001		226,347
LIABILITIES
Other Liabilities		$ 398,051		$ 410,376
Variable Annuity
ASSETS
Total investments			10,702,000			$ 7,149,000
Cash and cash equivalents			496,000			508,000
Deferred Policy Acquisition Costs			4,565,000			1,116,000
Reinsurance recoverables			24,781,000			28,736,000
Deferred sales inducements			550,000			0
Other Assets			94,000			305,000
Income taxes			0			23,000
TOTAL ASSETS			151,859,000			148,508,000
LIABILITIES
Income taxes			91,000			108,000
Short-term and long-term debt to affiliates			1,385,000			1,000
Other Liabilities			870,000			870,000
TOTAL LIABILITIES			147,554,000			146,187,000
EQUITY
Retained earnings			3,337,000			1,432,000
Accumulated other comprehensive income			180,000			101,000
TOTAL EQUITY			4,305,000			2,321,000
TOTAL LIABILITIES AND EQUITY			$ 151,859,000			148,508,000
REVENUES
Premiums	$ (880,000)
Realized Investment Gains (Losses)	805,000
TOTAL REVENUES	(75,000)
BENEFITS AND EXPENSES
Policyholders’ benefits	(547,000)
General, administrative and other expenses	(211,000)
TOTAL BENEFITS AND EXPENSES	(758,000)
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES	683,000
Income tax expense (benefit)	(6,000)
NET INCOME (LOSS)	689,000
Variable Annuity | Impacts of Recapture
ASSETS
Total investments						4,166,000
Cash and cash equivalents						0
Deferred Policy Acquisition Costs						0
Reinsurance recoverables						(6,312,000)
Deferred sales inducements						0
Other Assets						0
Income taxes						0
TOTAL ASSETS						(2,146,000)
LIABILITIES
Income taxes						17,000
Short-term and long-term debt to affiliates						0
Other Liabilities						0
TOTAL LIABILITIES						17,000
EQUITY
Retained earnings						(2,163,000)
Accumulated other comprehensive income						0
TOTAL EQUITY						(2,163,000)
TOTAL LIABILITIES AND EQUITY						(2,146,000)
REVENUES
Premiums	0
Realized Investment Gains (Losses)	(2,146,000)
TOTAL REVENUES	(2,146,000)
BENEFITS AND EXPENSES
Policyholders’ benefits	0
General, administrative and other expenses	0
TOTAL BENEFITS AND EXPENSES	0
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES	(2,146,000)
Income tax expense (benefit)	17,000
NET INCOME (LOSS)	(2,163,000)
Variable Annuity | Impacts of Reinsurance
ASSETS
Total investments						(7,719,000)
Cash and cash equivalents						12,000
Deferred Policy Acquisition Costs						(3,449,000)
Reinsurance recoverables						10,267,000
Deferred sales inducements						(550,000)
Other Assets						211,000
Income taxes						23,000
TOTAL ASSETS						(1,205,000)
LIABILITIES
Income taxes						0
Short-term and long-term debt to affiliates						(1,384,000)
Other Liabilities						0
TOTAL LIABILITIES						(1,384,000)
EQUITY
Retained earnings						258,000
Accumulated other comprehensive income						(79,000)
TOTAL EQUITY						179,000
TOTAL LIABILITIES AND EQUITY						(1,205,000)
REVENUES
Premiums	(880,000)
Realized Investment Gains (Losses)	2,951,000
TOTAL REVENUES	2,071,000
BENEFITS AND EXPENSES
Policyholders’ benefits	(547,000)
General, administrative and other expenses	(211,000)
TOTAL BENEFITS AND EXPENSES	(758,000)
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES	2,829,000
Income tax expense (benefit)	(23,000)
NET INCOME (LOSS)	2,852,000
PALAC and Prudential Insurance | Variable Annuity | Impacts of Recapture
ASSETS
Reinsurance recoverables						10,300,000
PALAC and Prudential Insurance | Variable Annuity | Impacts of Reinsurance
ASSETS
Asset transfer						(7,700,000)
Pruco Re | Variable Annuity | Impacts of Recapture
ASSETS
Reinsurance recoverables						(6,300,000)
Asset transfer						4,200,000
PALAC | Variable Annuity | Impacts of Recapture
ASSETS
Asset transfer					$ (7,000,000)
Ceding commissions	3,600,000
Prudential Insurance | Variable Annuity | Impacts of Recapture
ASSETS
Asset transfer					$ (700,000)
Ceding commissions	400,000
Reassignment of debt | PALAC | Variable Annuity | Impacts of Recapture
ASSETS
Ceding commissions	1,100,000
Reassignment of debt | Prudential Insurance | Variable Annuity | Impacts of Recapture
ASSETS
Ceding commissions	$ 100,000
Dividends | Prudential Insurance | Variable Annuity | Impacts of Recapture
EQUITY
Retained earnings						$ 2,800,000

Business and Basis of Present29

Business and Basis of Presentation (Affiliated Asset Transfers) (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Apr. 30, 2016	Mar. 31, 2017	Jun. 30, 2016	Mar. 31, 2016
Related Party Transaction [Line Items]
Realized Investment Gains (Losses)		$ (32,579)		$ 55,151
Variable Annuity
Related Party Transaction [Line Items]
Realized Investment Gains (Losses)	$ 805,000
Variable Annuity | Impacts of Recapture
Related Party Transaction [Line Items]
Realized Investment Gains (Losses)	$ (2,146,000)
Variable Annuity | Impacts of Recapture | Pruco Re Apr - June 2016 Purchase
Related Party Transaction [Line Items]
Fair Value			$ 4,166,000
Book Value			4,166,000
APIC and Retained Earnings Increase/(Decrease)			0
Realized Investment Gains (Losses)			0
Variable Annuity | Impacts of Recapture | PALAC Apr - June 2016 Sale
Related Party Transaction [Line Items]
Fair Value			(6,994,000)
Book Value			(6,872,000)
APIC and Retained Earnings Increase/(Decrease)			0
Realized Investment Gains (Losses)			122,000
Variable Annuity | Impacts of Recapture | Prudential Insurance Apr - June 2016 Dividend
Related Party Transaction [Line Items]
Fair Value			(19,000)
Book Value			(19,000)
APIC and Retained Earnings Increase/(Decrease)			(19,000)
Realized Investment Gains (Losses)			0
Variable Annuity | Impacts of Recapture | Prudential Insurance Apr - June 2016 Sale
Related Party Transaction [Line Items]
Fair Value			(717,000)
Book Value			(703,000)
APIC and Retained Earnings Increase/(Decrease)			15,000
Realized Investment Gains (Losses)			$ 0

Investments (Fixed Maturities a

Investments (Fixed Maturities and Equity Securities Excluding Investments Classified as Trading) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost or Cost	$ 5,589,001	$ 5,552,911
Amortized Cost or Cost	20,767	16,390
Fair Value	5,691,408	5,617,549
Fair Value	21,993	16,756
Available-for-sale securities | Fixed maturities
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost or Cost	5,589,001	5,552,911
Gross Unrealized Gains	179,116	167,114
Gross Unrealized Losses	76,709	102,476
Fair Value	5,691,408	5,617,549
OTTI in AOCI	(3,124)	(3,259)
Available-for-sale securities | Fixed maturities | 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 or Cost	132,083	154,180
Gross Unrealized Gains	5,727	6,593
Gross Unrealized Losses	47	33
Fair Value	137,763	160,740
OTTI in AOCI	0	0
Available-for-sale securities | Fixed maturities | Obligations of U.S. states and their political subdivisions
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost or Cost	647,583	618,447
Gross Unrealized Gains	15,220	14,592
Gross Unrealized Losses	5,516	6,553
Fair Value	657,287	626,486
OTTI in AOCI	0	0
Available-for-sale securities | Fixed maturities | Foreign government bonds
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost or Cost	108,750	111,025
Gross Unrealized Gains	3,571	2,143
Gross Unrealized Losses	1,891	4,386
Fair Value	110,430	108,782
OTTI in AOCI	0	0
Available-for-sale securities | Fixed maturities | Public utilities
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost or Cost	819,436	706,536
Gross Unrealized Gains	36,857	33,950
Gross Unrealized Losses	9,308	10,519
Fair Value	846,985	729,967
OTTI in AOCI	0	0
Available-for-sale securities | Fixed maturities | Redeemable preferred stock
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost or Cost	4,165	4,136
Gross Unrealized Gains	854	834
Gross Unrealized Losses	169	156
Fair Value	4,850	4,814
OTTI in AOCI	0	0
Available-for-sale securities | Fixed maturities | All other U.S. public corporate securities
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost or Cost	1,769,707	1,802,350
Gross Unrealized Gains	69,899	67,908
Gross Unrealized Losses	25,258	28,846
Fair Value	1,814,348	1,841,412
OTTI in AOCI	(214)	(215)
Available-for-sale securities | Fixed maturities | All other U.S. private corporate securities
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost or Cost	706,676	714,776
Gross Unrealized Gains	17,247	14,555
Gross Unrealized Losses	4,466	7,702
Fair Value	719,457	721,629
OTTI in AOCI	(236)	(236)
Available-for-sale securities | Fixed maturities | All other foreign public corporate securities
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost or Cost	210,101	216,428
Gross Unrealized Gains	8,586	7,371
Gross Unrealized Losses	2,437	4,127
Fair Value	216,250	219,672
OTTI in AOCI	0	0
Available-for-sale securities | Fixed maturities | All other foreign private corporate securities
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost or Cost	595,227	577,761
Gross Unrealized Gains	7,136	4,866
Gross Unrealized Losses	22,641	33,455
Fair Value	579,722	549,172
OTTI in AOCI	0	0
Available-for-sale securities | Fixed maturities | Asset-backed securities
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost or Cost	160,224	184,414
Gross Unrealized Gains	5,382	5,164
Gross Unrealized Losses	146	562
Fair Value	165,460	189,016
OTTI in AOCI	(2,413)	(2,534)
Available-for-sale securities | Fixed maturities | Commercial mortgage-backed securities
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost or Cost	356,047	382,717
Gross Unrealized Gains	5,534	5,783
Gross Unrealized Losses	4,473	5,829
Fair Value	357,108	382,671
OTTI in AOCI	0	0
Available-for-sale securities | Fixed maturities | Residential mortgage-backed securities
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost or Cost	79,002	80,141
Gross Unrealized Gains	3,103	3,355
Gross Unrealized Losses	357	308
Fair Value	81,748	83,188
OTTI in AOCI	(261)	(274)
Available-for-sale securities | Equity securities
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost or Cost	20,767	16,390
Gross Unrealized Gains	1,238	518
Gross Unrealized Losses	12	152
Fair Value	21,993	16,756
Available-for-sale securities | Equity securities | Mutual funds
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost or Cost	20,701	16,324
Gross Unrealized Gains	1,153	441
Gross Unrealized Losses	5	124
Fair Value	21,849	16,641
Available-for-sale securities | Equity securities | Public utility, equities
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost or Cost	66	66
Gross Unrealized Gains	3	2
Gross Unrealized Losses	7	28
Fair Value	62	40
Available-for-sale securities | Equity securities | Industrial, miscellaneous, and other
Summary of Investments Other than Investments in Related Parties, Reportable Data [Line Items]
Amortized Cost or Cost	0	0
Gross Unrealized Gains	82	75
Gross Unrealized Losses	0	0
Fair Value	$ 82	$ 75

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, 2017	Dec. 31, 2016
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$ 1,751,052	$ 1,917,630
Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	48,364	68,678
Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	285,313	284,359
Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	28,345	33,798
Continuous Unrealized Loss Position, Fair Value	2,036,365	2,201,989
Continuous Unrealized Loss Position, Accumulated Loss	76,709	102,476
US Treasury securities and obligations of U.S. government authorities and agencies
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	9,218	603
Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	47	33
Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0	0
Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Continuous Unrealized Loss Position, Fair Value	9,218	603
Continuous Unrealized Loss Position, Accumulated Loss	47	33
US States and Political Subdivisions Debt Securities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	213,862	239,146
Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	5,516	6,553
Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0	0
Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Continuous Unrealized Loss Position, Fair Value	213,862	239,146
Continuous Unrealized Loss Position, Accumulated Loss	5,516	6,553
Foreign government bonds
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	47,111	81,074
Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	1,718	4,055
Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	1,848	1,690
Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	173	331
Continuous Unrealized Loss Position, Fair Value	48,959	82,764
Continuous Unrealized Loss Position, Accumulated Loss	1,891	4,386
Public utilities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	290,056	207,226
Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	7,204	7,847
Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	21,731	21,394
Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	2,104	2,672
Continuous Unrealized Loss Position, Fair Value	311,787	228,620
Continuous Unrealized Loss Position, Accumulated Loss	9,308	10,519
Redeemable preferred stock
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	0	0
Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	0
Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0	0
Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	169	156
Continuous Unrealized Loss Position, Fair Value	0	0
Continuous Unrealized Loss Position, Accumulated Loss	169	156
All other U.S. public corporate securities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	578,297	568,763
Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	17,966	20,695
Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	70,126	73,575
Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	7,292	8,151
Continuous Unrealized Loss Position, Fair Value	648,423	642,338
Continuous Unrealized Loss Position, Accumulated Loss	25,258	28,846
All other U.S. private corporate securities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	143,113	232,561
Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	2,691	6,082
Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	31,243	29,071
Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	1,775	1,620
Continuous Unrealized Loss Position, Fair Value	174,356	261,632
Continuous Unrealized Loss Position, Accumulated Loss	4,466	7,702
All other foreign public corporate securities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	62,368	86,492
Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	1,985	3,188
Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	5,920	5,433
Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	452	939
Continuous Unrealized Loss Position, Fair Value	68,288	91,925
Continuous Unrealized Loss Position, Accumulated Loss	2,437	4,127
All other foreign private corporate securities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	185,083	236,512
Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	6,302	13,604
Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	123,941	101,858
Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	16,339	19,851
Continuous Unrealized Loss Position, Fair Value	309,024	338,370
Continuous Unrealized Loss Position, Accumulated Loss	22,641	33,455
Asset-backed securities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	13,020	37,355
Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	110	492
Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	29,171	49,346
Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	36	70
Continuous Unrealized Loss Position, Fair Value	42,191	86,701
Continuous Unrealized Loss Position, Accumulated Loss	146	562
Commercial mortgage-backed securities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	173,368	191,674
Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	4,473	5,827
Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	395	947
Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	2
Continuous Unrealized Loss Position, Fair Value	173,763	192,621
Continuous Unrealized Loss Position, Accumulated Loss	4,473	5,829
Residential mortgage-backed securities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	35,556	36,224
Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	352	302
Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	938	1,045
Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	5	6
Continuous Unrealized Loss Position, Fair Value	36,494	37,269
Continuous Unrealized Loss Position, Accumulated Loss	357	308
Equity securities
Duration Of Unrealized Losses On Fixed Maturities Investments [Line Items]
Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	4,995	0
Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	5	0
Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	59	2,965
Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	7	152
Continuous Unrealized Loss Position, Fair Value	5,054	2,965
Continuous Unrealized Loss Position, Accumulated Loss	$ 12	$ 152

Investments (Narrative) (Detail

Investments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Investment [Line Items]
Commercial mortgage loans, Percentage	100.00%		100.00%
Investment Grade Securities Gross Unrealized Losses	$ 68,900		$ 93,300
Gross unrealized losses related to other than high or highest quality securities	7,800		9,200
Net change in unrealized gains (losses) from trading account assets supporting insurance liabilities	2,100	$ 2,200
Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	28,345		33,798
Accumulated Other Comprehensive Income Loss Unrealized Gains And Losses On Other Than Temporarily Impaired Securities Net Of Tax	7,500		8,100
Securities Continuous Unrealized Loss Position Declines In Value Of Greater Than 20 Percent Aggregate Losses	$ 0		$ 0
California
Investment [Line Items]
Commercial mortgage loans, Percentage	23.00%
Texas
Investment [Line Items]
Commercial mortgage loans, Percentage	15.00%
Illinois
Investment [Line Items]
Commercial mortgage loans, Percentage	7.00%
Available-for-sale securities | Fixed maturities
Investment [Line Items]
Other Noncash Income (Expense)	$ 37,900	$ (10,300)

Investments (Amortized Cost and

Investments (Amortized Cost and Fair Value of Fixed Maturities by Contractual Maturities) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Available for Sale Amortized Cost
Due in one year or less	$ 288,127
Due after one year through five years	764,383
Due after five years through ten years	901,656
Due after ten years	3,039,562
Amortized Cost	5,589,001	$ 5,552,911
Available for Sale Securities Fair Value
Due in one year or less	291,275
Due after one year through five years	779,090
Due after five years through ten years	908,555
Due after ten years	3,108,172
Fair Value	5,691,408	$ 5,617,549
Asset-backed securities
Available for Sale Amortized Cost
Debt Maturities, without single maturity date	160,224
Available for Sale Securities Fair Value
Debt Maturities, without Single Maturity Date	165,460
Commercial mortgage-backed securities
Available for Sale Amortized Cost
Debt Maturities, without single maturity date	356,047
Available for Sale Securities Fair Value
Debt Maturities, without Single Maturity Date	357,108
Residential mortgage-backed securities
Available for Sale Amortized Cost
Debt Maturities, without single maturity date	79,002
Available for Sale Securities Fair Value
Debt Maturities, without Single Maturity Date	$ 81,748

Investments (Fixed Maturities34

Investments (Fixed Maturities and Equity Securities Proceeds) (Details) - Available-for-sale securities - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Fixed maturities
Available For Sale
Proceeds from sales	$ 287,708	$ 279,272
Proceeds from maturities/repayments	114,846	169,867
Gross investment gains from sales and maturities	3,197	2,794
Gross investment losses from sales and maturities	(2,823)	(1,568)
OTTI recognized in earnings	(4,404)	(16,150)
Equity securities
Available For Sale
Proceeds from sales	510	10
Gross investment gains from sales and maturities	10	0
Gross investment losses from sales and maturities	0	0
OTTI recognized in earnings	$ (124)	$ 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, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Investments [Abstract]
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Balance	$ 5,357	$ 5,858	$ 5,520	$ 7,041
Movement in Valuation Allowances and Reserves [Roll Forward]
New credit loss impairments	0	420
Increases due to the passage of time	27	53
Reductions for securities which matured, paid down, prepaid, or were sold	(118)	(907)
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Reductions, Change in Status	0	(670)
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Reductions, Cash Flows	$ (72)	$ (79)

Investments (Trading Account As

Investments (Trading Account Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Investment [Line Items]
Trading securities, amortized cost or cost	$ 35,487	$ 35,484
Trading securities, fair value	37,414	35,328
Fixed maturities
Investment [Line Items]
Trading securities, debt, amortized cost	23,558	23,555
Trading securities, debt, fair value	20,224	19,558
Equity securities
Investment [Line Items]
Trading securities, equity, cost	11,929	11,929
Trading securities, equity, fair value	$ 17,190	$ 15,770

Investments (Commercial Mortgag

Investments (Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Servicing Assets at Fair Value [Line Items]
Commercial mortgage and agricultural property loans	$ 1,221,524	$ 1,151,939
Commercial mortgage loans, Percentage	100.00%	100.00%
Allowance for Doubtful Accounts, Premiums and Other Receivables	$ (1,697)	$ (1,558)
Total commercial mortgage and other loans	1,219,827	1,150,381
Apartments and multi-family
Servicing Assets at Fair Value [Line Items]
Commercial mortgage and agricultural property loans	$ 345,631	$ 318,667
Commercial mortgage loans, Percentage	28.20%	27.70%
Hospitality
Servicing Assets at Fair Value [Line Items]
Commercial mortgage and agricultural property loans	$ 54,229	$ 54,597
Commercial mortgage loans, Percentage	4.40%	4.70%
Industrial
Servicing Assets at Fair Value [Line Items]
Commercial mortgage and agricultural property loans	$ 213,704	$ 185,682
Commercial mortgage loans, Percentage	17.50%	16.10%
Office
Servicing Assets at Fair Value [Line Items]
Commercial mortgage and agricultural property loans	$ 181,674	$ 161,980
Commercial mortgage loans, Percentage	14.90%	14.10%
Other
Servicing Assets at Fair Value [Line Items]
Commercial mortgage and agricultural property loans	$ 124,182	$ 124,465
Commercial mortgage loans, Percentage	10.20%	10.80%
Retail
Servicing Assets at Fair Value [Line Items]
Commercial mortgage and agricultural property loans	$ 239,175	$ 243,225
Commercial mortgage loans, Percentage	19.60%	21.10%
Commercial loans
Servicing Assets at Fair Value [Line Items]
Commercial mortgage and agricultural property loans	$ 1,158,595	$ 1,088,616
Commercial mortgage loans, Percentage	94.80%	94.50%
Agricultural property loans
Servicing Assets at Fair Value [Line Items]
Commercial mortgage and agricultural property loans	$ 62,929	$ 63,323
Commercial mortgage loans, Percentage	5.20%	5.50%

Investments (Allowance for Loss

Investments (Allowance for Losses) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	$ 1,558	$ 2,651
Allowance for Loan and Lease Losses, Adjustments, Other	139	(1,093)
Allowance for Loan and Lease Losses Write-offs, Net	0	0
Ending balance	1,697	1,558
Commercial Mortgage Loans
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,513	2,587
Allowance for Loan and Lease Losses, Adjustments, Other	139	(1,074)
Allowance for Loan and Lease Losses Write-offs, Net	0	0
Ending balance	1,652	1,513
Agricultural Property Loans
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	45	64
Allowance for Loan and Lease Losses, Adjustments, Other	0	(19)
Allowance for Loan and Lease Losses Write-offs, Net	0	0
Ending balance	$ 45	$ 45

Investments (Allowance for Cred

Investments (Allowance for Credit Losses and Recorded Investment in Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Allowance for Credit Losses:
Individually evaluated for impairment	$ 0	$ 0
Collectively evaluated for impairment	1,697	1,558
Total ending balance	1,697	1,558
Recorded Investment:
Individually evaluated for impairment	2,476	2,528
Collectively evaluated for impairment	1,219,048	1,149,411
Total ending balance	1,221,524	1,151,939
Commercial Mortgage Loans
Allowance for Credit Losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	1,652	1,513
Total ending balance	1,652	1,513
Recorded Investment:
Individually evaluated for impairment	2,476	2,528
Collectively evaluated for impairment	1,156,119	1,086,088
Total ending balance	1,158,595	1,088,616
Agricultural Property Loans
Allowance for Credit Losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	45	45
Total ending balance	45	45
Recorded Investment:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	62,929	63,323
Total ending balance	$ 62,929	$ 63,323

Investments (Credit Quality Ind

Investments (Credit Quality Indicators) (Details) - Commercial Mortgage and Agricultural Loans - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Credit Quality Indicators [Line Items]
Financing Receivable, Gross	$ 1,221,524	$ 1,151,939
≥ 1.2X
Credit Quality Indicators [Line Items]
Financing Receivable, Gross	1,162,897	1,092,909
1.0X to 1.2X
Credit Quality Indicators [Line Items]
Financing Receivable, Gross	55,682	57,892
Less than 1.0X
Credit Quality Indicators [Line Items]
Financing Receivable, Gross	2,945	1,138
0%-59.99%
Credit Quality Indicators [Line Items]
Financing Receivable, Gross	746,449	752,317
0%-59.99% | ≥ 1.2X
Credit Quality Indicators [Line Items]
Financing Receivable, Gross	726,744	732,473
0%-59.99% | 1.0X to 1.2X
Credit Quality Indicators [Line Items]
Financing Receivable, Gross	19,705	19,844
0%-59.99% | Less than 1.0X
Credit Quality Indicators [Line Items]
Financing Receivable, Gross	0	0
60%-69.99%
Credit Quality Indicators [Line Items]
Financing Receivable, Gross	331,764	275,537
60%-69.99% | ≥ 1.2X
Credit Quality Indicators [Line Items]
Financing Receivable, Gross	323,448	267,122
60%-69.99% | 1.0X to 1.2X
Credit Quality Indicators [Line Items]
Financing Receivable, Gross	5,371	7,515
60%-69.99% | Less than 1.0X
Credit Quality Indicators [Line Items]
Financing Receivable, Gross	2,945	900
70%-79.99%
Credit Quality Indicators [Line Items]
Financing Receivable, Gross	138,582	119,344
70%-79.99% | ≥ 1.2X
Credit Quality Indicators [Line Items]
Financing Receivable, Gross	108,213	88,811
70%-79.99% | 1.0X to 1.2X
Credit Quality Indicators [Line Items]
Financing Receivable, Gross	30,369	30,533
70%-79.99% | Less than 1.0X
Credit Quality Indicators [Line Items]
Financing Receivable, Gross	0	0
80% and greater
Credit Quality Indicators [Line Items]
Financing Receivable, Gross	4,729	4,741
80% and greater | ≥ 1.2X
Credit Quality Indicators [Line Items]
Financing Receivable, Gross	4,492	4,503
80% and greater | 1.0X to 1.2X
Credit Quality Indicators [Line Items]
Financing Receivable, Gross	237	0
80% and greater | Less than 1.0X
Credit Quality Indicators [Line Items]
Financing Receivable, Gross	$ 0	$ 238

Investments (Analysis of Past D

Investments (Analysis of Past Due Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Servicing Liabilities at Fair Value [Line Items]
Current	$ 1,221,524	$ 1,151,939
Total Loans	1,221,524	1,151,939
Non-Accrual Status	0	0
30-59 Days Past Due
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	0
60-89 Days Past Due
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	0
90 Days or More Past Due
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	0
Commercial mortgage loans
Servicing Liabilities at Fair Value [Line Items]
Current	1,158,595	1,088,616
Total Loans	1,158,595	1,088,616
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 | 90 Days or More Past Due
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	0
Agricultural property loans
Servicing Liabilities at Fair Value [Line Items]
Current	62,929	63,323
Total Loans	62,929	63,323
Non-Accrual Status	0	0
Agricultural property loans | 30-59 Days Past Due
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	0
Agricultural property loans | 60-89 Days Past Due
Servicing Liabilities at Fair Value [Line Items]
Past Due	0	0
Agricultural property loans | 90 Days or More Past Due
Servicing Liabilities at Fair Value [Line Items]
Past Due	$ 0	$ 0

Investments (Other Long-term In

Investments (Other Long-term Investments) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Other long-term investments	$ 348,071	$ 344,463
Company's investment in separate accounts
Debt Instrument [Line Items]
Other long-term investments	35,687	34,088
Private equity
Debt Instrument [Line Items]
Other long-term investments	143,359	139,493
Hedge funds
Debt Instrument [Line Items]
Other long-term investments	85,724	81,104
Real estate-related
Debt Instrument [Line Items]
Other long-term investments	11,766	11,912
Total joint ventures and limited partnerships
Debt Instrument [Line Items]
Other long-term investments	240,849	232,509
Derivatives
Debt Instrument [Line Items]
Other long-term investments	$ 71,535	$ 77,866

Investments (Net Investment Inc

Investments (Net Investment Income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 94,777	$ 111,597
Less: investment expenses	(5,162)	(6,145)
Net investment income	89,615	105,452
Fixed maturities, available-for-sale
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	59,067	75,710
Equity securities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	0	0
Trading account assets
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	400	759
Commercial mortgage and other loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	13,116	19,773
Policy loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	15,628	15,498
Short-term investments and cash equivalents
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	187	737
Other long-term investments
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 6,379	$ (880)

Investments (Realized Investmen

Investments (Realized Investment Gains Losses Net) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	$ (32,579)	$ 55,151
Fixed maturities
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	(4,030)	(14,924)
Equity securities
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	(114)	0
Commercial mortgage and other loans
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	(139)	562
Joint ventures and limited partnerships
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	(73)	(148)
Derivatives
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	(28,217)	69,647
Other long-term investments
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	0	0
Short-term investments and cash equivalents
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	$ (6)	$ 14

Investments (Net Unrealized Gai

Investments (Net Unrealized Gains Losses on Investments by Asset Class) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Investment [Line Items]
Net unrealized gains (losses) on investments	$ 140,810	$ 112,432
Fixed maturities, available-for-sale - with OTTI
Investment [Line Items]
Net unrealized gains (losses) on investments	4,354	4,883
Fixed maturities, available-for-sale - all other
Investment [Line Items]
Net unrealized gains (losses) on investments	98,053	59,755
Equity securities
Investment [Line Items]
Net unrealized gains (losses) on investments	1,226	366
Derivatives designated as cash flow hedges
Investment [Line Items]
Net unrealized gains (losses) on investments	30,670	40,931
Affiliated notes
Investment [Line Items]
Net unrealized gains (losses) on investments	5,013	5,056
Other investments
Investment [Line Items]
Net unrealized gains (losses) on investments	$ 1,494	$ 1,441

Investments (Cash Collateral an

Investments (Cash Collateral and loaned securities) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	$ 74,204	$ 74,976
US Treasury securities and obligations of U.S. government authorities and agencies
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	1,044	0
US States and Political Subdivisions Debt Securities
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	1,676	0
Foreign government bonds
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	7,619	6,827
All other U.S. public corporate securities
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	54,781	62,584
All other foreign public corporate securities
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	9,084	5,565
Maturity Overnight and on Demand
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	74,204	74,976
Maturity Overnight and on Demand | US Treasury securities and obligations of U.S. government authorities and agencies
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	1,044	0
Maturity Overnight and on Demand | US States and Political Subdivisions Debt Securities
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	1,676	0
Maturity Overnight and on Demand | Foreign government bonds
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	7,619	6,827
Maturity Overnight and on Demand | All other U.S. public corporate securities
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	54,781	62,584
Maturity Overnight and on Demand | All other foreign public corporate securities
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	9,084	5,565
Maturity Less than 30 Days
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	0	0
Maturity Less than 30 Days | US Treasury securities and obligations of U.S. government authorities and agencies
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	0	0
Maturity Less than 30 Days | US States and Political Subdivisions Debt Securities
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	0	0
Maturity Less than 30 Days | Foreign government bonds
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	0	0
Maturity Less than 30 Days | All other U.S. public corporate securities
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	0	0
Maturity Less than 30 Days | All other foreign public corporate securities
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	0	0
Maturity 30 to 90 Days
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	0	0
Maturity 30 to 90 Days | US Treasury securities and obligations of U.S. government authorities and agencies
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	0	0
Maturity 30 to 90 Days | US States and Political Subdivisions Debt Securities
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	0	0
Maturity 30 to 90 Days | Foreign government bonds
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	0	0
Maturity 30 to 90 Days | All other U.S. public corporate securities
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	0	0
Maturity 30 to 90 Days | All other foreign public corporate securities
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	0	0
Maturity Greater than 90 Days
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	0	0
Maturity Greater than 90 Days | US Treasury securities and obligations of U.S. government authorities and agencies
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	0	0
Maturity Greater than 90 Days | US States and Political Subdivisions Debt Securities
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	0	0
Maturity Greater than 90 Days | Foreign government bonds
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	0	0
Maturity Greater than 90 Days | All other U.S. public corporate securities
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	0	0
Maturity Greater than 90 Days | All other foreign public corporate securities
Schedule of Available-for-sale Securities [Line Items]
Securities Loaned, Not Subject to Master Netting Arrangement	$ 0	$ 0

Investments (Securities sold un

Investments (Securities sold under agreements to purchase) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities sold under agreements to repurchase	$ 24,714	$ 68,904
US Treasury securities and obligations of U.S. government authorities and agencies
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities sold under agreements to repurchase	24,714	68,904
Maturity Overnight and on Demand
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities sold under agreements to repurchase	24,714	68,904
Maturity Overnight and on Demand | US Treasury securities and obligations of U.S. government authorities and agencies
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities sold under agreements to repurchase	24,714	68,904
Maturity Less than 30 Days
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities sold under agreements to repurchase	0	0
Maturity Less than 30 Days | US Treasury securities and obligations of U.S. government authorities and agencies
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities sold under agreements to repurchase	0	0
Maturity 30 to 90 Days
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities sold under agreements to repurchase	0	0
Maturity 30 to 90 Days | US Treasury securities and obligations of U.S. government authorities and agencies
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities sold under agreements to repurchase	0	0
Maturity Greater than 90 Days
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities sold under agreements to repurchase	0	0
Maturity Greater than 90 Days | US Treasury securities and obligations of U.S. government authorities and agencies
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities sold under agreements to repurchase	$ 0	$ 0

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (18,451)	$ (44,108)
Effective income tax rate, percent	(85.30%)	11.90%
Federal Statutory income tax rate, percent	35.00%

Fair Value of Assets and Liab49

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, 2017	Dec. 31, 2016
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	$ 5,691,408	$ 5,617,549
Trading accounts assets	37,414	35,328
Equity securities, available-for-sale	21,993	16,756
Short-term investments	26,989	36,657
Other long-term investments	348,071	344,463
Receivables from parent and affiliates	285,648	213,952
Separate account assets	120,395,206	116,606,428
TOTAL ASSETS	160,114,826	155,665,990
Future policy benefits	16,608,824	16,503,260
Payables to parent and affiliates	197,515	73,628
TOTAL LIABILITIES	157,555,254	153,169,187
Future Policy Benefits
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative, Net Liability	4,633,000	5,041,000
Embedded Derivative, Fair Value of Embedded Derivative Gross Asset	1,235,000	1,157,000
Embedded Derivative, Fair Value of Embedded Derivative Gross Liability	5,868,000	6,198,000
Equity securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading securities, equity	17,190	15,770
Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale:	5,691,408	5,617,549
Trading accounts assets	37,414	35,328
Equity securities, available-for-sale	21,993	16,756
Short-term investments	26,989	36,657
Cash equivalents	17,840	7,642
Other long-term investments	71,535	77,865
Reinsurance recoverables	5,080,379	5,474,263
Receivables from parent and affiliates	137,394	137,637
Subtotal excluding separate account assets	11,084,952	11,403,697
Separate account assets	119,776,488	116,040,888
TOTAL ASSETS	130,861,440	127,444,585
Future policy benefits	4,632,555	5,041,007
Policyholders’ account balances	24,867	20,337
Payables to parent and affiliates	0	0
TOTAL LIABILITIES	4,657,422	5,061,344
Asset Netting	(19,284)	(13,019)
Liability Netting	(19,123)	(12,854)
Netting	200	200
Fair Value, Measurements, Recurring | Other long-term investments
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Asset Netting	(19,284)	(13,019)
Fair Value, Measurements, Recurring | Payables to parent and affiliates
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liability Netting	(19,123)	(12,854)
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:	137,763	160,740
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:	657,287	626,486
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:	110,430	108,782
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:	2,406,364	2,361,518
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:	900,257	884,284
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:	218,486	221,848
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:	656,505	599,016
Fair Value, Measurements, Recurring | Corporate securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading account assets, debt	19,922	19,256
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:	165,460	189,016
Trading account assets, debt	302	302
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:	357,108	382,671
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:	81,748	83,188
Fair Value, Measurements, Recurring | Equity securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading securities, equity	17,190	15,770
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 accounts assets	0	0
Equity securities, available-for-sale	63	41
Short-term investments	7,000	31,007
Cash equivalents	5,856	5,644
Other long-term investments	0	0
Reinsurance recoverables	0	0
Receivables from parent and affiliates	0	0
Subtotal excluding separate account assets	12,919	36,692
Separate account assets	0	0
TOTAL ASSETS	12,919	36,692
Future policy benefits	0	0
Policyholders’ account balances	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, debt	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, debt	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 securities, equity	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:	5,550,654	5,495,137
Trading accounts assets	20,224	19,558
Equity securities, available-for-sale	21,848	16,640
Short-term investments	19,989	5,650
Cash equivalents	11,984	1,998
Other long-term investments	90,800	90,884
Reinsurance recoverables	0	0
Receivables from parent and affiliates	137,394	131,144
Subtotal excluding separate account assets	5,852,893	5,761,011
Separate account assets	119,776,488	116,040,888
TOTAL ASSETS	125,629,381	121,801,899
Future policy benefits	0	0
Policyholders’ account balances	0	0
Payables to parent and affiliates	19,123	12,854
TOTAL LIABILITIES	19,123	12,854
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:	134,168	160,740
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:	657,287	626,486
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:	110,430	108,782
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:	2,405,204	2,306,409
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:	867,750	851,585
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:	218,486	221,848
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:	641,356	584,268
Fair Value, Measurements, Recurring | Level 2 | Corporate securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading account assets, debt	19,922	19,256
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:	77,117	169,160
Trading account assets, debt	302	302
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:	357,108	382,671
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:	81,748	83,188
Fair Value, Measurements, Recurring | Level 2 | Equity securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading securities, equity	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:	140,754	122,412
Trading accounts assets	17,190	15,770
Equity securities, available-for-sale	82	75
Short-term investments	0	0
Cash equivalents	0	0
Other long-term investments	19	0
Reinsurance recoverables	5,080,379	5,474,263
Receivables from parent and affiliates	0	6,493
Subtotal excluding separate account assets	5,238,424	5,619,013
Separate account assets	0	0
TOTAL ASSETS	5,238,424	5,619,013
Future policy benefits	4,632,555	5,041,007
Policyholders’ account balances	24,867	20,337
Payables to parent and affiliates	0	0
TOTAL LIABILITIES	4,657,422	5,061,344
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:	3,595	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:	1,160	55,109
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:	32,507	32,699
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:	15,149	14,748
Fair Value, Measurements, Recurring | Level 3 | Corporate securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading account assets, debt	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:	88,343	19,856
Trading account assets, debt	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 securities, equity	$ 17,190	$ 15,770

Fair Value of Assets and Liab50

Fair Value of Assets and Liabilities (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers Between Level 1 and Level 2	$ 0	$ 0
Measurement at NAV per share | Separate account assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	$ 619,000,000		$ 566,000,000

Fair Value of Assets and Liab51

Fair Value of Assets and Liabilities (Level 3 by Pricing Source) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Other long-term investments	$ 348,071	$ 344,463
Future policy benefits	16,608,824	16,503,260
Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Other long-term investments	71,535	77,865
Reinsurance recoverables	5,080,379	5,474,263
Future policy benefits	4,632,555	5,041,007
Policyholders’ account balances	24,867	20,337
Fair Value, Measurements, Recurring | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity securities	17,272	15,845
Other long-term investments	19	0
Reinsurance recoverables	5,080,379	5,474,263
Receivables from parent and affiliates	0	6,493
Total assets	5,238,424	5,619,013
Future policy benefits	4,632,555	5,041,007
Policyholders’ account balances	24,867	20,337
Total liabilities	4,657,422	5,061,344
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	3,595	0
Fair Value, Measurements, Recurring | Level 3 | Corporate securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities	48,816	102,556
Fair Value, Measurements, Recurring | Level 3 | Asset-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities	88,343	19,856
Fair Value, Measurements, Recurring | Level 3 | Internal
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity securities	4,008	3,014
Other long-term investments	19	0
Reinsurance recoverables	5,080,379	5,474,263
Receivables from parent and affiliates	0	0
Total assets	5,131,295	5,523,047
Future policy benefits	4,632,555	5,041,007
Policyholders’ account balances	24,867	20,337
Total liabilities	4,657,422	5,061,344
Fair Value, Measurements, Recurring | Level 3 | Internal | 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	0	0
Fair Value, Measurements, Recurring | Level 3 | Internal | Corporate securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities	46,854	45,715
Fair Value, Measurements, Recurring | Level 3 | Internal | Asset-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities	35	55
Fair Value, Measurements, Recurring | Level 3 | External
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity securities	13,264	12,831
Other long-term investments	0	0
Reinsurance recoverables	0	0
Receivables from parent and affiliates	0	6,493
Total assets	107,129	95,966
Future policy benefits	0	0
Policyholders’ account balances	0	0
Total liabilities	0	0
Fair Value, Measurements, Recurring | Level 3 | External | 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	3,595	0
Fair Value, Measurements, Recurring | Level 3 | External | Corporate securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities	1,962	56,841
Fair Value, Measurements, Recurring | Level 3 | External | Asset-backed securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities	$ 88,308	$ 19,801

Fair Value of Assets and Liab52

Fair Value of Assets and Liabilities (Quantitative Info for Level 3 Inputs) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Fair Value Quantiative Information [Line Items]
Future policy benefits	$ 16,608,824	$ 16,503,260
Fair Value, Measurements, Recurring
Fair Value Quantiative Information [Line Items]
Future policy benefits	$ 4,632,555	$ 5,041,007
Level 3 | Minimum
Fair Value Quantiative Information [Line Items]
Fair Value Inputs, Policyholder Age	35 years
Level 3 | Minimum | Discounted cash flow | Future Policy Benefits
Fair Value Quantiative Information [Line Items]
Lapse rate	0.00%	0.00%
NPR spread	0.19%	0.25%
Utilization rate	52.00%	52.00%
Withdrawal rate (greater than maximum range)	78.00%	78.00%
Mortality rate	0.00%	0.00%
Equity volatility curve	14.00%	16.00%
Level 3 | Minimum | Discounted cash flow | Corporate securities
Fair Value Quantiative Information [Line Items]
Discount rate	1.25%	4.54%
Level 3 | Minimum | Discounted cash flow | Reinsurance Recoverables | No Lapse Guarantee
Fair Value Quantiative Information [Line Items]
Lapse rate	0.00%	0.00%
NPR spread	0.19%	0.25%
Mortality rate	0.00%	0.00%
Premium Payment	0.65	0.65
Level 3 | Minimum | Market comparables | Corporate securities
Fair Value Quantiative Information [Line Items]
EBITDA multiples		4
Level 3 | Minimum | Liquidation | Corporate securities
Fair Value Quantiative Information [Line Items]
Liquidation value		98.21%
Level 3 | Maximum
Fair Value Quantiative Information [Line Items]
Fair Value Inputs, Policyholder Age	90 years
Level 3 | Maximum | Discounted cash flow | Future Policy Benefits
Fair Value Quantiative Information [Line Items]
Lapse rate	13.00%	13.00%
NPR spread	1.42%	1.50%
Utilization rate	96.00%	96.00%
Withdrawal rate (greater than maximum range)	100.00%	100.00%
Mortality rate	14.00%	14.00%
Equity volatility curve	25.00%	25.00%
Level 3 | Maximum | Discounted cash flow | Corporate securities
Fair Value Quantiative Information [Line Items]
Discount rate	11.81%	15.00%
Level 3 | Maximum | Discounted cash flow | Reinsurance Recoverables | No Lapse Guarantee
Fair Value Quantiative Information [Line Items]
Lapse rate	12.00%	12.00%
NPR spread	1.42%	1.50%
Mortality rate	31.00%	31.00%
Premium Payment	0.95	0.95
Level 3 | Maximum | Market comparables | Corporate securities
Fair Value Quantiative Information [Line Items]
EBITDA multiples		4
Level 3 | Maximum | Liquidation | Corporate securities
Fair Value Quantiative Information [Line Items]
Liquidation value		98.21%
Level 3 | Weighted Average | Discounted cash flow | Corporate securities
Fair Value Quantiative Information [Line Items]
Discount rate	7.34%	8.06%
Level 3 | Weighted Average | Market comparables | Corporate securities
Fair Value Quantiative Information [Line Items]
EBITDA multiples		4
Level 3 | Weighted Average | Liquidation | Corporate securities
Fair Value Quantiative Information [Line Items]
Liquidation value		98.21%
Level 3 | Fair Value, Measurements, Recurring
Fair Value Quantiative Information [Line Items]
Future policy benefits	$ 4,632,555	$ 5,041,007
Level 3 | Fair Value, Measurements, Recurring | Corporate securities
Fair Value Quantiative Information [Line Items]
Corporate securities	48,816	102,556
Level 3 | Internal | Fair Value, Measurements, Recurring
Fair Value Quantiative Information [Line Items]
Reinsurance recoverables - Living Benefits	4,640,172	5,041,262
Future policy benefits	4,632,555	5,041,007
Level 3 | Internal | Fair Value, Measurements, Recurring | No Lapse Guarantee
Fair Value Quantiative Information [Line Items]
Reinsurance recoverables - No Lapse Guarantee	440,207	433,001
Level 3 | Internal | Fair Value, Measurements, Recurring | Future Policy Benefits
Fair Value Quantiative Information [Line Items]
Future policy benefits	4,632,555	5,041,007
Level 3 | Internal | Fair Value, Measurements, Recurring | Corporate securities
Fair Value Quantiative Information [Line Items]
Corporate securities	$ 46,854	$ 45,715

Fair Value of Assets and Liab53

Fair Value of Assets and Liabilities (Changes in Level 3 Assets and Liabilities) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	$ 75	$ 165
Included in earnings:
Realized investment gains (losses), net	0	0
Asset management fees and other income	0	0
Included in other comprehensive income (loss)	7	(15)
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	82	150
Unrealized gains (losses) for assets/liabilities still held:
Realized investment gains (losses), net	0	0
Asset management fees and other income	0	0
Fixed Maturities Available-For-Sale | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0	0
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	0
Net investment income	0	0
Purchases	25	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Other	3,570	0
Fair Value, end of period	3,595	0
Unrealized gains (losses) for assets/liabilities still held:
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	55,109	55,003
Included in earnings:
Realized investment gains (losses), net	0	0
Asset management fees and other income	0	0
Included in other comprehensive income (loss)	8	0
Net investment income	0	0
Purchases	0	0
Sales	(51,430)	0
Issuances	0	0
Settlements	(362)	0
Transfers into Level 3	1,472	0
Transfers out of Level 3	(67)	0
Other	(3,570)	0
Fair Value, end of period	1,160	55,003
Unrealized gains (losses) for assets/liabilities still held:
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	32,699	22,716
Included in earnings:
Realized investment gains (losses), net	414	(508)
Asset management fees and other income	0	0
Included in other comprehensive income (loss)	23	(976)
Net investment income	24	4
Purchases	5,896	209
Sales	0	0
Issuances	0	0
Settlements	(5,156)	(950)
Transfers into Level 3	342	8,753
Transfers out of Level 3	(1,735)	0
Other	0	0
Fair Value, end of period	32,507	29,248
Unrealized gains (losses) for assets/liabilities still held:
Realized investment gains (losses), net	0	(508)
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	14,748	17,773
Included in earnings:
Realized investment gains (losses), net	(62)	(194)
Asset management fees and other income	0	0
Included in other comprehensive income (loss)	422	(215)
Net investment income	(21)	5
Purchases	62	65
Sales	0	0
Issuances	0	0
Settlements	0	(4,823)
Transfers into Level 3	0	1,587
Transfers out of Level 3	0	0
Other	0	0
Fair Value, end of period	15,149	14,198
Unrealized gains (losses) for assets/liabilities still held:
Realized investment gains (losses), net	(62)	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	19,856	173,347
Included in earnings:
Realized investment gains (losses), net	0	9
Asset management fees and other income	0	0
Included in other comprehensive income (loss)	73	(902)
Net investment income	36	98
Purchases	4,000	0
Sales	0	0
Issuances	0	0
Settlements	(129)	(343)
Transfers into Level 3	64,507	10,916
Transfers out of Level 3	0	(58,734)
Other	0	0
Fair Value, end of period	88,343	124,391
Unrealized gains (losses) for assets/liabilities still held:
Realized investment gains (losses), net	0	0
Asset management fees and other income	0	0
Trading Account Assets | Equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	15,770	18,248
Included in earnings:
Realized investment gains (losses), net	0	0
Asset management fees and other income	1,420	691
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	0
Other	0	3,260
Fair Value, end of period	17,190	22,199
Unrealized gains (losses) for assets/liabilities still held:
Realized investment gains (losses), net	0	0
Asset management fees and other income	1,420	691
Other long-term investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0	5,704
Included in earnings:
Realized investment gains (losses), net	11	0
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	8	0
Transfers out of Level 3	0	0
Other	0	(3,260)
Fair Value, end of period	19	2,444
Unrealized gains (losses) for assets/liabilities still held:
Realized investment gains (losses), net	0	0
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	5,474,263	4,940,011
Included in earnings:
Realized investment gains (losses), net	(610,479)	1,625,887
Asset management fees and other income	0	0
Included in other comprehensive income (loss)	0	0
Net investment income	0	0
Purchases	216,595	175,839
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	5,080,379	6,741,737
Unrealized gains (losses) for assets/liabilities still held:
Realized investment gains (losses), net	(574,024)	1,655,557
Asset management fees and other income	0	0
Receivables From Parents And Affiliates
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	6,493	5,000
Included in earnings:
Realized investment gains (losses), net	0	(13)
Asset management fees and other income	0	0
Included in other comprehensive income (loss)	0	34
Net investment income	0	0
Purchases	0	0
Sales	0	(1,988)
Issuances	0	0
Settlements	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	(6,493)	(2,464)
Other	0	0
Fair Value, end of period	0	569
Unrealized gains (losses) for assets/liabilities still held:
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	(5,041,007)	(5,205,434)
Included in earnings:
Realized investment gains (losses), net	623,193	(1,700,231)
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	(214,741)	(192,982)
Settlements	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Other	0	0
Fair Value, end of period	(4,632,555)	(7,098,647)
Unrealized gains (losses) for assets/liabilities still held:
Realized investment gains (losses), net	586,992	(1,727,547)
Asset management fees and other income	0	0
Policyholders' Account Balances
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(20,337)	0
Included in earnings:
Realized investment gains (losses), net	(6,007)	0
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	1,477	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Other	0	0
Fair Value, end of period	(24,867)	0
Unrealized gains (losses) for assets/liabilities still held:
Realized investment gains (losses), net	(6,007)	0
Asset management fees and other income	$ 0	$ 0

Fair Value of Assets and Liab54

Fair Value of Assets and Liabilities (Financial Instruments where Carrying Amounts and Fair Values May Differ) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Assets:
Policy loans	$ 1,167,204	$ 1,166,456
Accrued investment income	88,697	87,322
Liabilities:
Securities sold under agreements to repurchase	24,714	68,904
Cash collateral for loaned securities	74,204	74,976
Short-term debt	108,100	0
Fair Value
Assets:
Commercial mortgage and other loans	1,255,347	1,181,582
Policy loans	1,167,204	1,166,456
Cash and cash equivalents	115,550	88,515
Accrued investment income	88,697	87,322
Receivables from parent and affiliates	148,254	76,315
Other assets	63,860	37,969
Total assets	2,838,912	2,638,159
Liabilities:
Policyholders’ account balances - investment contracts	1,404,088	1,382,385
Securities sold under agreements to repurchase	24,714	68,904
Cash collateral for loaned securities	74,204	74,976
Short-term debt	108,100	0
Payables to parent and affiliates	197,515	73,628
Other liabilities	269,492	305,969
Total liabilities	2,078,113	1,905,862
Fair Value | Measurement at NAV per share
Liabilities:
Cost Method Investments, Fair Value Disclosure	40,000	35,000
Fair Value | Level 1
Assets:
Commercial mortgage and other loans	0	0
Policy loans	0	0
Cash and cash equivalents	50,550	30,149
Accrued investment income	0	0
Receivables from parent and affiliates	0	0
Other assets	0	0
Total assets	50,550	30,149
Liabilities:
Policyholders’ account balances - investment contracts	0	0
Securities sold under agreements to repurchase	0	0
Cash collateral for loaned securities	0	0
Short-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	0	0
Policy loans	0	0
Cash and cash equivalents	65,000	58,366
Accrued investment income	88,697	87,322
Receivables from parent and affiliates	148,254	76,315
Other assets	63,860	37,969
Total assets	365,811	259,972
Liabilities:
Policyholders’ account balances - investment contracts	1,145,799	1,129,378
Securities sold under agreements to repurchase	24,714	68,904
Cash collateral for loaned securities	74,204	74,976
Short-term debt	108,100	0
Payables to parent and affiliates	197,515	73,628
Other liabilities	269,492	305,969
Total liabilities	1,819,824	1,652,855
Fair Value | Level 3
Assets:
Commercial mortgage and other loans	1,255,347	1,181,582
Policy loans	1,167,204	1,166,456
Cash and cash equivalents	0	0
Accrued investment income	0	0
Receivables from parent and affiliates	0	0
Other assets	0	0
Total assets	2,422,551	2,348,038
Liabilities:
Policyholders’ account balances - investment contracts	258,289	253,007
Securities sold under agreements to repurchase	0	0
Cash collateral for loaned securities	0	0
Short-term debt	0	0
Payables to parent and affiliates	0	0
Other liabilities	0	0
Total liabilities	258,289	253,007
Carrying Amount
Assets:
Commercial mortgage and other loans	1,219,827	1,150,381
Policy loans	1,167,204	1,166,456
Cash and cash equivalents	115,550	88,515
Accrued investment income	88,697	87,322
Receivables from parent and affiliates	148,254	76,315
Other assets	63,860	37,969
Total assets	2,803,392	2,606,958
Liabilities:
Policyholders’ account balances - investment contracts	1,407,862	1,386,099
Securities sold under agreements to repurchase	24,714	68,904
Cash collateral for loaned securities	74,204	74,976
Short-term debt	108,100	0
Payables to parent and affiliates	197,515	73,628
Other liabilities	269,492	305,969
Total liabilities	2,081,887	1,909,576
Carrying Amount | Measurement at NAV per share
Liabilities:
Cost Method Investments, Fair Value Disclosure	$ 34,000	$ 32,000

Derivative Instruments (Gross N

Derivative Instruments (Gross Notional Amount and Fair Value of Derivatives Contracts) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Derivative [Line Items]
Notional	$ 1,590,474	$ 1,259,558
Assets	90,819	90,884
Liabilities	(19,123)	(12,854)
Derivatives Designated as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	502,863	435,602
Assets	39,817	44,040
Liabilities	(5,959)	(1,835)
Derivatives Designated as Hedge Accounting Instruments: | Foreign Currency Swaps
Derivative [Line Items]
Notional	502,863	435,602
Assets	39,817	44,040
Liabilities	(5,959)	(1,835)
Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	1,087,611	823,956
Assets	51,002	46,844
Liabilities	(13,164)	(11,019)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Swaps
Derivative [Line Items]
Notional	101,075	101,076
Assets	7,622	8,215
Liabilities	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Option
Derivative [Line Items]
Notional	94,000	0
Assets	500	0
Liabilities	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Foreign Currency Forwards
Derivative [Line Items]
Notional	13,169	13,447
Assets	8	216
Liabilities	(87)	(20)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit Default Swaps
Derivative [Line Items]
Notional	3,000	3,000
Assets	0	0
Liabilities	(274)	(281)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Foreign Currency Swaps
Derivative [Line Items]
Notional	99,863	56,626
Assets	7,015	7,789
Liabilities	(1,698)	(211)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity Options
Derivative [Line Items]
Notional	776,504	649,807
Assets	35,857	30,624
Liabilities	$ (11,105)	$ (10,507)

Derivative Instruments (Offsett

Derivative Instruments (Offsetting Assets and Liabilities) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Derivatives Assets
Gross Amounts of Recognized Financial Instruments	$ 90,800	$ 90,877
Gross Amounts Offset in the Consolidated Statement of Financial Position	(19,284)	(13,019)
Net Amounts Presented in the Consolidated Statement of Financial Position	71,516	77,858
Financial Instruments/Collateral	(69,356)	(77,858)
Net Amount	2,160	0
Securities Purchased under Agreements to Resell
Gross Amounts of Recognized Financial Instruments	65,000	58,366
Gross Amounts Offset in the Consolidated Statement of Financial Position	0	0
Net Amounts Presented in the Consolidated Statement of Financial Position	65,000	58,366
Financial Instruments/Collateral	(65,000)	(58,366)
Net Amount	0	0
Total Assets
Gross Amounts of Recognized Financial Instruments	155,800	149,243
Gross Amounts Offset in the Consolidated Statement of Financial Position	(19,284)	(13,019)
Net Amounts Presented in the Consolidated Statement of Financial Position	136,516	136,224
Financial Instruments/Collateral	(134,356)	(136,224)
Net Amount	2,160	0
Derivatives Liabilities
Gross Amounts of Recognized Financial Instruments	19,123	12,854
Gross Amounts Offset in the Consolidated Statement of Financial Position	(19,123)	(12,854)
Net Amounts Presented in the Consolidated Statement of Financial Position	0	0
Financial Instruments/Collateral	0	0
Net Amount	0	0
Securities Sold under Agreements to Repurchase
Gross Amounts of Recognized Financial Instruments	24,714	68,904
Gross Amounts Offset in the Consolidated Statement of Financial Position	0	0
Net Amounts Presented in the Consolidated Statement of Financial Position	24,714	68,904
Financial Instruments/Collateral	(24,714)	(68,904)
Net Amount	0	0
Total Liabilities
Gross Amounts of Recognized Financial Instruments	43,837	81,758
Gross Amounts Offset in the Consolidated Statement of Financial Position	(19,123)	(12,854)
Net Amounts Presented in the Consolidated Statement of Financial Position	24,714	68,904
Financial Instruments/Collateral	(24,714)	(68,904)
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, 2017	Mar. 31, 2016
Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	$ (28,217)	$ 69,647
Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	1,188	1,405
Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(2,418)	(1,909)
AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(10,261)	(17,099)
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	1,188	1,405
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(2,421)	(1,899)
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(10,261)	(17,099)
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	1,188	1,405
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	(2,421)	(1,899)
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	(10,261)	(17,099)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(28,217)	69,647
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	3	(10)
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	501	189,927
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	(128)	(126)
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	2,127	(1,095)
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	3	(10)
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	(31)	(241)
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	5,921	(3,314)
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	(36,607)	(115,504)
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) - Cash flow hedgers in AOCI $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Balance, beginning	$ 40,931
Net deferred gains (losses) on cash flow hedges from January 1 to March 31, 2017	(7,128)
Amounts reclassified into current period earnings	(3,133)
Balance, ending	$ 30,670

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Derivative [Line Items]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 5
Maximum length of time hedged in cash flow hedge	18 years
Credit Protection Purchased Notional Amounts	$ 3	$ 3
Credit Derivative Protection Purchased Fair Value Liability	0.3	0.3
Future Policy Benefits
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset (Liability), Net	(4,633)	(5,041)
Reinsurance Recoverables
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset (Liability), Net	5,080	5,474
Reinsurance Recoverables | PALAC and Prudential Insurance
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset (Liability), Net	4,640	5,041
Reinsurance Recoverables | Union Hamilton Reinsurance, Ltd.
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset (Liability), Net	0	0
Reinsurance Recoverables | UPARC
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset (Liability), Net	440	433
Policyholders' Account Balances
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset (Liability), Net	$ (25)	$ (20)

Commitments, Contingent Liabi60

Commitments, Contingent Liabilities And Litigation And Regulatory Matters (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Commitments and Guarantees and Contingent Liabilities [Line Items]
Loss contingency, range of possible loss, maximum (less than)	$ 30
Commitments | Mortgage Loans
Commitments and Guarantees and Contingent Liabilities [Line Items]
Purchase obligation commercial mortgage loan	45	$ 49
Commitments | Investments
Commitments and Guarantees and Contingent Liabilities [Line Items]
Commitments to purchase or fund investments	$ 249	$ 133

Reinsurance (Balance Sheet Rein

Reinsurance (Balance Sheet Reinsurance Results) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Effects of Reinsurance [Line Items]
Reinsurance recoverables	$ 29,009,729	$ 28,674,226
Policy loans	1,167,204	1,166,456
Deferred policy acquisition costs	1,379,461	1,341,093
Other assets	309,789	279,222
Future policy benefits	16,608,824	16,503,260
Other liabilities	796,991	849,698
Impacts of Reinsurance
Effects of Reinsurance [Line Items]
Reinsurance recoverables	29,009,729	28,674,226
Policy loans	(87,977)	(87,112)
Deferred policy acquisition costs	(6,581,824)	(6,482,889)
Deferred sales inducements	(606,301)	(615,117)
Other assets	231,001	226,347
Policyholders’ account balances	4,985,550	4,978,859
Future policy benefits	2,927,105	2,833,327
Other liabilities	398,051	410,376
Unaffiliated activity
Effects of Reinsurance [Line Items]
Other assets	100	100
Other liabilities	$ 32,000	$ 28,000

Reinsurance (Reinsurance Recove

Reinsurance (Reinsurance Recoverable by Counterparty) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	$ 29,009,729	$ 28,674,226
PAR U
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	10,695,767	10,514,125
PALAC
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	7,392,109	7,706,860
PURC
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	3,310,211	3,153,449
PARCC
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	2,622,411	2,589,397
PAR Term
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	1,449,910	1,403,738
Prudential of Taiwan
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	1,338,239	1,246,241
Prudential Insurance
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	952,767	976,652
Term Re
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	690,793	593,084
UPARC
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	482,004	467,904
GUL Re
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	55,524	0
Unaffiliated
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	$ 19,994	$ 22,776

Reinsurance (Income Statement R

Reinsurance (Income Statement Reinsurance Results) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Premiums
Direct	$ 417,993	$ 391,180
Assumed	66	148
Ceded	(412,302)	(373,413)
Net premiums	5,757	17,915
Policy charges and fee income
Direct	781,561	732,890
Assumed	116,339	194,313
Ceded	(769,898)	(400,641)
Net policy charges and fee income	128,002	526,562
Net investment income
Direct	90,401	106,137
Assumed	360	345
Ceded	(1,146)	(1,030)
Net investment income	89,615	105,452
Asset administration fees
Direct	80,999	72,791
Assumed	0	0
Ceded	(76,812)	0
Net asset administration fees	4,187	72,791
Other income
Direct	15,438	11,695
Assumed	551	(41)
Ceded	(12)	0
Amortization of reinsurance income	0	1,868
Net other income	15,977	13,522
Realized investment gains (losses), net
Direct	622,126	(1,534,352)
Assumed	0	(39)
Ceded	(654,705)	1,589,542
Total realized investment gains (losses), net	(32,579)	55,151
Policyholders’ benefits (including change in reserves)
Direct	685,495	618,143
Assumed	129,137	260,876
Ceded	(743,145)	(778,289)
Net policyholders’ benefits (including change in reserves)	71,487	100,730
Interest credited to policyholders’ account balances
Direct	98,917	213,482
Assumed	33,934	33,835
Ceded	(88,091)	(60,886)
Net interest credited to policyholders’ account balances	44,760	186,431
Net reinsurance expense allowances, net of capitalization and amortization	(362,236)	(92,068)
Unaffiliated activity
Premiums
Assumed	100	100
Policy charges and fee income
Ceded	(700)	(200)
Other income
Assumed	600	0
Realized investment gains (losses), net
Ceded	(8,000)	25,000
Policyholders’ benefits (including change in reserves)
Assumed	400	200
Ceded	$ 3,000	$ 2,000

Reinsurance (Life Insurance In

Reinsurance (Life Insurance In Force) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Mar. 31, 2016
Reinsurance Disclosures [Abstract]
Direct gross life insurance face amount in force	$ 840,190,324	$ 783,961,855
Assumed gross life insurance face amount in force	42,499,716	43,367,167
Reinsurance ceded	(817,213,475)	(765,067,750)
Net life insurance face amount in force	$ 65,476,565	$ 62,261,272

Reinsurance (Narrative) (Detail

Reinsurance (Narrative) (Details) - USD ($) $ in Millions

Jan. 01, 2017

Jan. 01, 2014

Dec. 31, 2013

Jul. 01, 2011

Dec. 31, 2010

Dec. 31, 2009

Jan. 31, 2001

Mar. 31, 2017

Dec. 31, 2016

Dec. 31, 2016

Dec. 31, 2013

Dec. 31, 2013

Union Hamilton Reinsurance, Ltd. | Quote Share Reinsurance

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Amount Retained

$ 2,900

Reinsurance Retention Policy, Reinsured Risk, Percentage

50.00%

Affiliated Entity | PAR U

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

95.00%

70.00%

Affiliated Entity | PURC

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

95.00%

70.00%

Affiliated Entity | PARCC

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

90.00%

Affiliated Entity | PAR Term

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

95.00%

Affiliated Entity | Prudential of Taiwan

Effects of Reinsurance [Line Items]

Related Party Transaction, Term

2 years

Affiliated Entity | Prudential Insurance

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

100.00%

Affiliated Entity | Term Re

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

95.00%

Affiliated Entity | UPARC

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Excess Retention, Percentage

30.00%

Reinsurance Retention Policy, Amount Retained

$ 1

Reinsurance Retention Policy, Reinsured Risk, Percentage

27.00%

Reinsurance Retention Policy, Uncollected Charges And Fees Risk, Percentage

30.00%

Affiliated Entity | GUL Re

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

95.00%

Equity (Accumulated Other Compr

Equity (Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ 70,975
Amounts reclassified from AOCI	(4,144)	$ (14,924)
Income tax benefit (expense)	(9,529)	(62,098)
Ending Balance	88,672
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(402)	(397)
Change in OCI before reclassifications	23	219
Amounts reclassified from AOCI	0	0
Income tax benefit (expense)	(8)	(76)
Ending Balance	(387)	(254)
Net unrealized investment gains (losses)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	71,377	65,202
Change in OCI before reclassifications	23,059	162,282
Amounts reclassified from AOCI	4,144	14,924
Income tax benefit (expense)	(9,521)	(62,022)
Ending Balance	89,059	180,386
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	70,975	64,805
Change in OCI before reclassifications	23,082	162,501
Amounts reclassified from AOCI	4,144	14,924
Income tax benefit (expense)	(9,529)	(62,098)
Ending Balance	88,672	180,132
Cash flow hedges | Net unrealized investment gains (losses)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	41,000	48,000
Ending Balance	$ 31,000	$ 31,000

Equity (Reclassification out of

Equity (Reclassification out of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	$ (4,144)	$ (14,924)
Net unrealized investment gains (losses)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	4,144	14,924
Total reclassifications for the period
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	4,144	14,924
Reclassification out of Accumulated Other Comprehensive Income | Net unrealized investment gains (losses)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(4,144)	(14,924)
Reclassification out of Accumulated Other Comprehensive Income | Total reclassifications for the period
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(4,144)	(14,924)
Reclassification out of Accumulated Other Comprehensive Income | Net unrealized investment gains (losses) on available-for-sale securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	(7,277)	(14,097)
Reclassification out of Accumulated Other Comprehensive Income | Currency/Interest rate | Cash flow hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	$ 3,133	$ (827)

Equity (OTTI Net Unrealized Inv

Equity (OTTI Net Unrealized Investment Gains (Losses) in AOCI) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ 70,975
Ending Balance	88,672
Accumulated Other Comprehensive Income (Loss) Related To Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	71,377
Ending Balance	89,059
OTTI | Net Unrealized Gains (Losses) on Investments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	4,883
Net investment gains (losses) on investments arising during the period	54
Reclassification adjustment for (gains) losses included in net income	(541)
Reclassification adjustment for OTTI losses excluded from net income	(42)
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs	0
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	0
Ending Balance	4,354
OTTI | Deferred Policy Acquisition Costs and Other Costs
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(1,559)
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 deferred policy acquisition costs and other costs	396
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	0
Ending Balance	(1,163)
OTTI | Future Policy Benefits and Policyholders’ Account Balances
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	1,279
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 deferred policy acquisition costs and other costs	0
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	(372)
Ending Balance	907
OTTI | Deferred Income Tax (Liability) Benefit
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(1,643)
Net investment gains (losses) on investments arising during the period	(19)
Reclassification adjustment for (gains) losses included in net income	189
Reclassification adjustment for OTTI losses excluded from net income	15
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs	(139)
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	130
Ending Balance	(1,467)
OTTI | Accumulated Other Comprehensive Income (Loss) Related To Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	2,960
Net investment gains (losses) on investments arising during the period	35
Reclassification adjustment for (gains) losses included in net income	(352)
Reclassification adjustment for OTTI losses excluded from net income	(27)
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs	257
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	(242)
Ending Balance	$ 2,631

Equity (All Other Net Unrealize

Equity (All Other Net Unrealized Investment Gains (Losses) in AOCI) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ 70,975
Ending Balance	88,672
Accumulated Other Comprehensive Income (Loss) Related To Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	71,377
Ending Balance	89,059
All Other | Net Unrealized Gains (Losses) on Investments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	107,549
Net investment gains (losses) on investments arising during the period	32,468
Reclassification adjustment for (gains) losses included in net income	(3,603)
Reclassification adjustment for OTTI losses excluded from net income	42
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs	0
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	0
Ending Balance	136,456
All Other | Deferred Policy Acquisition Costs and Other Costs
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(17,235)
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 deferred policy acquisition costs and other costs	(4,111)
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	0
Ending Balance	(21,346)
All Other | Future Policy Benefits and Policyholders’ Account Balances
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	14,774
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 deferred policy acquisition costs and other costs	0
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	2,912
Ending Balance	17,686
All Other | Deferred Income Tax (Liability) Benefit
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(36,671)
Net investment gains (losses) on investments arising during the period	(11,364)
Reclassification adjustment for (gains) losses included in net income	1,261
Reclassification adjustment for OTTI losses excluded from net income	(15)
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs	1,439
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	(1,018)
Ending Balance	(46,368)
All Other | Accumulated Other Comprehensive Income (Loss) Related To Net Unrealized Investment Gains (Losses)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	68,417
Net investment gains (losses) on investments arising during the period	21,104
Reclassification adjustment for (gains) losses included in net income	(2,342)
Reclassification adjustment for OTTI losses excluded from net income	27
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs	(2,672)
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders’ account balances	1,894
Ending Balance	$ 86,428

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details) $ in Thousands	3 Months Ended			12 Months Ended
	Mar. 31, 2017USD ($)policy	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)	Apr. 01, 2016USD ($)	Oct. 31, 2013USD ($)
Related Party Transaction [Line Items]
Other long-term investments	$ 348,071			$ 344,463
Net investment income	89,615		$ 105,452
Contributed capital	0		5,000
Prudential Insurance
Related Party Transaction [Line Items]
Contributed capital	5,000	$ 200,000	5,000
Dividend	0	$ 2,593,000
Prudential Insurance
Related Party Transaction [Line Items]
Stock option program plan expense	100		200
Deferred compensation program expense	3,000		1,000
Pension plan expense	6,000		5,000
Welfare plan expense	$ 7,000		7,000
Defined contribution plan, employer matching contribution, percent (up to)	4.00%
Defined contribution plan, cost recognized	$ 3,000		2,000
Number of Corporate Owned Life Insurance policies sold | policy	5
Prudential Insurance and Prudential FInancial
Related Party Transaction [Line Items]
Life Insurance, Corporate or Bank Owned, amount	$ 3,539,000			3,367,000
Fees related to Life Insurance, Corporate or Bank Owned, amount	12,000		11,000
Maximum amount of mortality risk						$ 3,500
Prudential Financial
Related Party Transaction [Line Items]
Company's share of corporate expenses	$ 17,000		15,000
Number of Corporate Owned Life Insurance policies sold | policy	1
Affiliated Entity
Related Party Transaction [Line Items]
Accrued interested receivable related to long-tern notes receivable	$ 800			1,000
Revenues related to long-term notes receivable	1,000		1,000
Line of credit facility, maximum borrowing capacity	2,000,000
Prepaid debt					$ 125,000
Interest expense related to loans payable	200		11,000
Affiliated Entity | PAD
Related Party Transaction [Line Items]
Commissions and certain other fees	155,000		174,000
Affiliated Entity | ASTISI and Prudential Investments
Related Party Transaction [Line Items]
Fee income from revenue sharing agreement	77,000		69,000
Affiliated Entity | Prudential Investments
Related Party Transaction [Line Items]
Fee income from revenue sharing agreement	3,000		3,000
Affiliated Entity | PGIM
Related Party Transaction [Line Items]
Net investment income	3,000		$ 5,000
Prudential Financial Joint Ventures
Related Party Transaction [Line Items]
Other long-term investments	107,000			100,000
Net investment income	$ 4,000			$ (4,000)

Related Party Transactions (Aff

Related Party Transactions (Affiliated Notes Receivable) (Details) - Affiliated Entity - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Total long-term notes receivable - affiliated	$ 137,394	$ 137,636
U.S. Dollar floating rate notes
Related Party Transaction [Line Items]
Total long-term notes receivable - affiliated	$ 6,518	0
U.S. Dollar floating rate notes | Minimum
Related Party Transaction [Line Items]
Interest Rates	2.31%
U.S. Dollar floating rate notes | Maximum
Related Party Transaction [Line Items]
Interest Rates	2.45%
U.S. Dollar fixed rate notes
Related Party Transaction [Line Items]
Total long-term notes receivable - affiliated	$ 130,876	$ 137,636
U.S. Dollar fixed rate notes | Minimum
Related Party Transaction [Line Items]
Interest Rates	0.00%
U.S. Dollar fixed rate notes | Maximum
Related Party Transaction [Line Items]
Interest Rates	14.85%

Related Party Transactions (A72

Related Party Transactions (Affiliated Asset Transfers) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Related Party Transaction [Line Items]
Realized Investment Gains (Losses)	$ (32,579)	$ 55,151
Affiliated Entity | Prudential Insurance March 16 Sale
Related Party Transaction [Line Items]
Fair Value	88,783
Book Value	88,875
Additional Paid-in Capital, Net of Tax Increase/(Decrease)	(60)
Realized Investment Gains (Losses)	0
Affiliated Entity | PALAC January 17 Purchase
Related Party Transaction [Line Items]
Fair Value	29
Book Value	29
Additional Paid-in Capital, Net of Tax Increase/(Decrease)	0
Realized Investment Gains (Losses)	$ 0

Related Party Transactions (Deb

Related Party Transactions (Debt Agreements) (Details) - Affiliated Entity - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 108,100	$ 0
Prudential Funding, LLC Loan Issued 3/31/2017
Related Party Transaction [Line Items]
Short-term and Long-term debt	$ 108,100	$ 0
Minimum | Prudential Funding, LLC Loan Issued 3/31/2017
Related Party Transaction [Line Items]
Interest Rate	0.94%
Maximum | Prudential Funding, LLC Loan Issued 3/31/2017
Related Party Transaction [Line Items]
Interest Rate	1.10%

Revision to Prior Year Inform74

Revision to Prior Year Information (Consolidated Statements of Financial Operations and Comprehensive Income) (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
REVENUES
Policy charges and fee income	$ 128,002	$ 526,562
TOTAL REVENUES	210,959	791,393
BENEFITS AND EXPENSES
Policyholders’ benefits	71,487	100,730
Amortization of deferred policy acquisition costs	16,272	639,586
TOTAL BENEFITS AND EXPENSES	189,338	1,163,700
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES	21,621	(372,307)
Income tax expense (benefit)	(18,451)	(44,108)
NET INCOME (LOSS)	40,072	(328,199)
COMPREHENSIVE INCOME (LOSS)	$ 57,769	(212,872)
Revision
REVENUES
Policy charges and fee income		(845)
TOTAL REVENUES		(845)
BENEFITS AND EXPENSES
Policyholders’ benefits		2,202
Amortization of deferred policy acquisition costs		(966)
TOTAL BENEFITS AND EXPENSES		1,236
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES		(2,081)
Income tax expense (benefit)		(13)
NET INCOME (LOSS)		(2,068)
COMPREHENSIVE INCOME (LOSS)		(2,068)
As Previously Reported
REVENUES
Policy charges and fee income		527,407
TOTAL REVENUES		792,238
BENEFITS AND EXPENSES
Policyholders’ benefits		98,528
Amortization of deferred policy acquisition costs		640,552
TOTAL BENEFITS AND EXPENSES		1,162,464
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES		(370,226)
Income tax expense (benefit)		(44,095)
NET INCOME (LOSS)		(326,131)
COMPREHENSIVE INCOME (LOSS)		$ (210,804)

Revision to Prior Year Inform75

Revision to Prior Year Information (Consolidated Statements of Equity) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Comprehensive income (loss):
Net income (loss)	$ 40,072	$ (328,199)
Revision
Comprehensive income (loss):
Net income (loss)		(2,068)
As Previously Reported
Comprehensive income (loss):
Net income (loss)		(326,131)
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	1,437,266	3,635,147
Comprehensive income (loss):
Net income (loss)	40,072	(328,199)
Ending Balance	1,477,338	3,306,948
Retained Earnings | Revision
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance		(28,392)
Comprehensive income (loss):
Net income (loss)		(2,068)
Ending Balance		(30,460)
Retained Earnings | As Previously Reported
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance		3,663,539
Comprehensive income (loss):
Net income (loss)		(326,131)
Ending Balance		3,337,408
Total Equity
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	2,496,803	4,482,425
Comprehensive income (loss):
Net income (loss)	40,072	(328,199)
Total comprehensive income (loss)	57,769	(212,872)
Ending Balance	$ 2,559,572	4,274,493
Total Equity | Revision
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance		(28,392)
Comprehensive income (loss):
Net income (loss)		(2,068)
Total comprehensive income (loss)		(2,068)
Ending Balance		(30,460)
Total Equity | As Previously Reported
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance		4,510,817
Comprehensive income (loss):
Net income (loss)		(326,131)
Total comprehensive income (loss)		(210,804)
Ending Balance		$ 4,304,953

Revision to Prior Year Inform76

Revision to Prior Year Information (Consolidated Statements of Cash Flows) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 40,072	$ (328,199)
Policy charges and fee income	(5,861)	(5,005)
Future policy benefits	636,570	424,904
Reinsurance recoverables	(573,224)	(359,878)
Deferred policy acquisition costs	(42,083)	488,313
Income taxes	(18,545)	(125,578)
Cash flows from (used in) operating activities	$ 54,084	333,424
Revision
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)		(2,068)
Policy charges and fee income		845
Future policy benefits		8,508
Reinsurance recoverables		(6,306)
Deferred policy acquisition costs		(966)
Income taxes		(13)
Cash flows from (used in) operating activities		0
As Previously Reported
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)		(326,131)
Policy charges and fee income		(5,850)
Future policy benefits		416,396
Reinsurance recoverables		(353,572)
Deferred policy acquisition costs		489,279
Income taxes		(125,565)
Cash flows from (used in) operating activities		$ 333,424