Pruco Life Insurance 10-Q 9 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 09, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Entity Registrant Name	PRUCO LIFE INSURANCE CO
Entity Central Index Key	0000777917
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding		250,000

Unaudited Interim Consolidated

Unaudited Interim Consolidated Statements of Financial Position - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
ASSETS
Fixed maturities, available for sale, at fair value (amortized cost: 2019 – $5,468,161; 2018 - $5,244,903)	$ 5,606,209	$ 5,199,595
Fixed maturities, trading, at fair value (amortized cost: 2019 – $44,759; 2018 – $44,759)	43,000	41,627
Equity securities, at fair value (cost: 2019 – $28,920; 2018 – $31,824)	34,747	36,922
Policy loans	1,251,094	1,236,077
Commercial mortgage and other loans	1,212,618	1,209,150
Other invested assets (includes $88,109 and $120,717 measured at fair value at March 31, 2019 and December 31, 2018, respectively)	358,288	377,429
Total investments	8,505,956	8,100,800
Cash and cash equivalents	403,283	416,840
Deferred policy acquisition costs	1,675,860	1,613,922
Accrued investment income	89,358	88,278
Reinsurance recoverables	36,106,323	34,682,127
Receivables from parent and affiliates	278,050	289,580
Income Taxes Receivable	29,763	46,102
Other assets	378,154	365,219
Separate account assets	128,998,408	119,077,916
TOTAL ASSETS	176,465,155	164,680,784
LIABILITIES
Policyholders’ account balances	22,209,376	22,059,692
Future policy benefits	20,943,806	19,476,394
Cash collateral for loaned securities	10,334	11,063
Payables to parent and affiliates	217,073	229,345
Other liabilities	1,133,756	1,093,143
Separate account liabilities	128,998,408	119,077,916
TOTAL LIABILITIES	173,512,753	161,947,553
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	1,146,588	1,146,592
Retained earnings	1,699,109	1,612,435
Accumulated other comprehensive income (loss)	104,205	(28,296)
TOTAL EQUITY	2,952,402	2,733,231
TOTAL LIABILITIES AND EQUITY	$ 176,465,155	$ 164,680,784

Unaudited Interim Consolidate_2

Unaudited Interim Consolidated Statements of Financial Position (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Fixed maturities, available for sale, amortized cost	$ 5,468,161	$ 5,244,903
Fixed maturities, trading, amortized cost	44,759	44,759
Equity securities, cost	28,920	31,824
Other invested assets, at fair value	$ 88,109	$ 120,717
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 Consolidate_3

Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
REVENUES
Premiums	$ 13,994	$ 7,915
Policy charges and fee income	139,189	129,155
Net investment income	93,250	77,915
Asset administration fees	3,657	3,473
Other income	20,957	19,296
Realized investment gains (losses), net:
Other-than-temporary impairments on fixed maturity securities	(2,784)	(594)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income	(379)	0
Other realized investment gains (losses), net	(45,472)	(48,448)
Total realized investment gains (losses), net	(48,635)	(49,042)
TOTAL REVENUES	222,412	188,712
BENEFITS AND EXPENSES
Policyholders’ benefits	39,478	51,736
Interest credited to policyholders’ account balances	44,197	40,798
Amortization of deferred policy acquisition costs	19,179	26,145
General, administrative and other expenses	47,944	60,790
TOTAL BENEFITS AND EXPENSES	150,798	179,469
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURE	71,614	9,243
Income tax expense (benefit)	(16,880)	(2,699)
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE	88,494	11,942
Equity in earnings of operating joint venture, net of taxes	(706)	(638)
NET INCOME (LOSS)	87,788	11,304
Other comprehensive income (loss), before tax:
Foreign currency translation adjustments	6,049	(923)
Net unrealized investment gains (losses)	160,085	(145,051)
Total	166,134	(145,974)
Less: Income tax expense (benefit) related to other comprehensive income (loss)	33,633	(30,700)
Other comprehensive income (loss), net of tax	132,501	(115,274)
COMPREHENSIVE INCOME (LOSS)	$ 220,289	$ (103,970)

Unaudited Interim Consolidate_4

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, 2017			$ 2,500	$ 1,141,092	$ 1,526,310	$ 165,346	$ 2,835,248
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Contributed capital				5,500			5,500
Contributed (distributed) capital-parent/child asset transfers				0
Comprehensive income (loss):
Net income (loss)		$ 11,304			11,304		11,304
Other comprehensive income (loss), net of tax		(115,274)				(115,274)	(115,274)
Total comprehensive income (loss)							(103,970)
Ending Balance at Mar. 31, 2018			2,500	1,146,592	1,515,151	78,932	2,743,175
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of adoption | ASU 2016-01					7,936	(1,539)	6,397
Cumulative effect of adoption | ASU 2018-02					(30,399)	30,399	0
Cumulative effect of adoption		(27)
Beginning Balance at Dec. 31, 2018			2,500	1,146,592	1,612,435	(28,296)	2,733,231
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Contributed capital				0			0
Contributed (distributed) capital-parent/child asset transfers				(4)			(4)
Comprehensive income (loss):
Net income (loss)		87,788			87,788		87,788
Other comprehensive income (loss), net of tax		$ 132,501				132,501	132,501
Total comprehensive income (loss)							220,289
Ending Balance at Mar. 31, 2019			$ 2,500	$ 1,146,588	1,699,109	104,205	2,952,402
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of adoption	[1]				$ (1,114)	$ 0	$ (1,114)
[1]	(1)Includes the impact from the adoption of ASUs 2017-08 and 2017-12. See Note 2.

Unaudited Interim Consolidate_5

Unaudited Interim Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 87,788	$ 11,304
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Policy charges and fee income	(28,634)	(23,697)
Interest credited to policyholders’ account balances	44,197	40,798
Realized investment (gains) losses, net	48,635	49,042
Amortization and other non-cash items	(21,640)	(9,397)
Change in:
Future policy benefits	437,726	508,412
Reinsurance recoverables	(423,868)	(424,467)
Accrued investment income	(1,080)	(1,537)
Net payables to/receivables from parent and affiliates	(6,905)	29,615
Deferred policy acquisition costs	(74,610)	(45,642)
Income taxes	(16,996)	(2,902)
Derivatives, net	66,403	(41,944)
Other, net	(83,032)	(97,354)
Cash flows from (used in) operating activities	27,984	(7,769)
Proceeds from the sale/maturity/prepayment of:
Fixed maturities, available-for-sale	70,725	69,410
Equity securities	3,553	6
Policy loans	38,542	39,271
Ceded policy loans	(3,325)	(5,192)
Short-term investments	0	3,513
Commercial mortgage and other loans	12,184	16,369
Other invested assets	4,784	2,502
Payments for the purchase/origination of:
Fixed maturities, available-for-sale	(298,629)	(188,613)
Equity securities	(110)	(5,000)
Policy loans	(42,342)	(35,689)
Ceded policy loans	4,344	4,957
Short-term investments	0	(3,400)
Commercial mortgage and other loans	(14,143)	(69,717)
Other invested assets	(10,745)	(30,358)
Notes receivable from parent and affiliates, net	8,251	3,853
Derivatives, net	306	(776)
Other, net	(1,408)	(1,465)
Cash flows from (used in) investing activities	(228,013)	(200,329)
CASH FLOWS FROM FINANCING ACTIVITIES:
Policyholders’ account deposits	1,284,926	1,119,440
Ceded policyholders’ account deposits	(854,083)	(757,139)
Policyholders’ account withdrawals	(858,819)	(694,382)
Ceded policyholders’ account withdrawals	602,592	437,445
Net change in securities sold under agreement to repurchase and cash collateral for loaned securities	(729)	(19,593)
Contributed (distributed) capital - parent/child asset transfers	(5)	0
Net change in financing arrangements (maturities 90 days or less)	0	80
Drafts outstanding	12,590	(9,136)
Cash flows from (used in) financing activities	186,472	76,715
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(13,557)	(131,383)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	416,840	212,569
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 403,283	$ 81,186

Business and Basis of Presentat

Business and Basis of Presentation	3 Months Ended
	Mar. 31, 2019
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 one wholly-owned insurance subsidiary, Pruco Life Insurance Company of New Jersey (“PLNJ”) and had one indirect subsidiary formed in 2009 for the purpose of holding certain commercial mortgage loans and other investments, which ceased operations and was dissolved as of December 31, 2018. Pruco Life and its subsidiary 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. 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, 2018 . Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The most significant estimates include those used in determining deferred policy acquisition costs ("DAC") and related amortization; amortization of deferred sales inducements ("DSI"); valuation of investments including derivatives and the recognition of other-than-temporary impairments (“OTTI”); future policy benefits including guarantees; reinsurance recoverables; provision for income taxes and valuation of deferred tax assets; and accruals for contingent liabilities, including estimates for losses in connection with unresolved legal and regulatory matters. Revision to Prior Period Consolidated Financial Statements In 2018, the Company identified an error in the calculation of reserves for certain individual life insurance products that impacted several line items within previously issued consolidated financial statements. Prior period amounts have been revised in the financial statements and related disclosures to correct this error. 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

Significant Accounting Policies

Significant Accounting Policies and Pronouncements	3 Months Ended
	Mar. 31, 2019
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. ASU adopted during the three months ended March 31, 2019 . 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 which included cumulative-effect adjustment on the balance sheet as of the beginning of the fiscal year of adoption. Adoption of the ASU did not have a significant impact on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements. The impact of the cumulative-effect adjustment to retained earnings was immaterial. ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities This ASU makes targeted changes to the existing hedge accounting model to better portray the economics of an entity’s risk management activities and to simplify the use of hedge accounting. The ASU eliminates separate measurement and recording of hedge ineffectiveness. It requires entities to present the earnings effect of the hedging instrument in the same income statement line item in which the hedged item is reported and also requires expanded disclosures. January 1, 2019 using the modified retrospective method which included cumulative-effect adjustment on the balance sheet as of the beginning of the fiscal year of adoption. Adoption of the ASU did not have a significant impact on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements. The impact of the cumulative-effect adjustment to retained earnings and accumulated other comprehensive income (loss) ("AOCI") related to ineffectiveness of the hedge instruments outstanding at the date of the adoption was immaterial. See Note 4 for additional required disclosures. ASU issued but not yet adopted as of March 31, 2019 — ASU 2018-12 ASU 2018-12, Financial Services - Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts, was issued by the FASB on August 15, 2018 and is expected to have a significant impact on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements. The ASU is effective January 1, 2021 (with early adoption permitted), and will impact, at least to some extent, the accounting and disclosure requirements for all long-duration insurance and investment contracts issued by the Company. Outlined below are four key areas of change, although there are other changes not noted below. In addition to the impacts to the balance sheet upon adoption, the Company also expects an impact to how earnings emerge thereafter. ASU 2018-12 Amended Topic Description Method of adoption Effect on the financial statements or other significant matters Cash flow assumptions used to measure the liability for future policy benefits for non-participating traditional and limited-pay insurance products Requires an entity to review, and if necessary, update the cash flow assumptions used to measure the liability for future policy benefits, for both changes in future assumptions and actual experience, at least annually using a retrospective update method with a cumulative catch-up adjustment recorded in a separate line item in the Consolidated Statements of Operations. An entity may choose one of two adoption methods for the liability for future policy benefits: (1) a modified retrospective transition method whereby the entity will apply the amendments to contracts in force as of the beginning of the earliest period presented on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in AOCI or (2) a full retrospective transition method. The options for method of adoption and the impacts of such methods are under assessment. Discount rate assumption used to measure the liability for future policy benefits for non-participating traditional and limited-pay insurance products Requires discount rate assumptions to be based on an upper-medium grade fixed income instrument yield and will be required to be updated each quarter with the impact recorded through Other Comprehensive Income ("OCI"). As noted above, an entity may choose either a modified retrospective transition method or full retrospective transition method for the liability for future policy benefits. Under either method, for balance sheet remeasurement purposes, the liability for future policy benefits will be remeasured using current discount rates as of the beginning of the earliest period presented with the impact recorded as a cumulative effect adjustment to AOCI. Upon adoption, under either transition method, there will be an adjustment to AOCI as a result of remeasuring in force contract liabilities using current upper-medium grade fixed income instrument yields. The adjustment upon adoption will largely reflect the difference between the discount rate locked-in at contract inception versus current discount rates at transition. The magnitude of such adjustment is currently being assessed. Amortization of DAC and other balances Requires DAC and other balances, such as unearned revenue reserves and DSI, to be amortized on a constant level basis over the expected term of the related contract, independent of expected profitability. An entity may apply one of two adoption methods: (1) a modified retrospective transition method whereby the entity will apply the amendments to contracts in force as of the beginning of the earliest period presented on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in AOCI or (2) if an entity chooses a full retrospective transition method for its future policy benefits, as described above, it is required to also use a retrospective transition method for DAC and other balances. The options for method of adoption and the impacts of such methods are under assessment. Under the modified retrospective transition method, the Company would not expect a significant impact to the balance sheet, other than the impact of the removal of any related amounts in AOCI. Market Risk Benefits Requires an entity to measure all market risk benefits (e.g., living benefit and death benefit guarantees associated with variable annuities) at fair value with changes in value attributable to changes in an entity’s non-performance risk ("NPR") to be recognized in OCI. An entity will apply a retrospective transition method which will include a cumulative-effect adjustment on the balance sheet as of the earliest period presented. Upon adoption, the Company expects an impact to retained earnings for the difference between the fair value and carrying value of benefits not currently measured at fair value (e.g., guaranteed minimum death benefits on variable annuities) and an impact from reclassifying the cumulative effect of changes in NPR from retained earnings to AOCI. The magnitude of such adjustments is currently being assessed. Other ASU issued but not yet adopted as of March 31, 2019 Standard Description Effective date and method of adoption Effect on the financial statements or other significant matters ASU 2016-13 , Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments 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 which will include a cumulative-effect adjustment on the balance sheet as of the beginning of the fiscal year of adoption. 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 does not plan to early adopt this ASU and is currently assessing its impact on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements.

Investments

Investments	3 Months Ended
	Mar. 31, 2019
Investments [Abstract]
Investments	3. INVESTMENTS Fixed Maturity Securities The following tables set forth the composition of fixed maturity securities (excluding investments classified as trading), as of the dates indicated: March 31, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value OTTI in AOCI(3) (in thousands) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 77,354 $ 2,645 $ 0 $ 79,999 $ 0 Obligations of U.S. states and their political subdivisions 608,071 31,553 18 639,606 0 Foreign government bonds 209,128 8,172 2,488 214,812 0 U.S. public corporate securities 1,926,382 96,244 17,364 2,005,262 0 U.S. private corporate securities 890,441 19,701 9,185 900,957 0 Foreign public corporate securities 289,697 10,112 3,953 295,856 0 Foreign private corporate securities 885,807 19,955 25,216 880,546 0 Asset-backed securities(1) 148,802 1,462 531 149,733 (85 ) Commercial mortgage-backed securities 345,909 7,239 1,379 351,769 0 Residential mortgage-backed securities(2) 86,570 1,482 383 87,669 (172 ) Total fixed maturities, available-for-sale $ 5,468,161 $ 198,565 $ 60,517 $ 5,606,209 $ (257 ) (1) Includes credit-tranched securities collateralized by loan obligations, sub-prime mortgages, auto loans, education loans and other asset types. (2) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (3) Represents the amount of unrealized losses remaining in AOCI, from the impairment measurement date. Amount excludes $0.2 million of net unrealized losses on impaired available-for-sale securities relating to changes in the value of such securities subsequent to the impairment measurement date. December 31, 2018 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 $ 75,049 $ 2,427 $ 6 $ 77,470 $ 0 Obligations of U.S. states and their political subdivisions 609,955 15,154 2,351 622,758 0 Foreign government bonds 208,009 2,137 8,199 201,947 0 U.S. public corporate securities 1,739,860 46,166 54,401 1,731,625 0 U.S. private corporate securities 890,748 11,181 18,591 883,338 0 Foreign public corporate securities 270,428 3,746 12,151 262,023 0 Foreign private corporate securities 857,604 9,797 40,022 827,379 0 Asset-backed securities(1) 156,818 1,528 750 157,596 (122 ) Commercial mortgage-backed securities 347,570 3,353 4,527 346,396 0 Residential mortgage-backed securities(2) 88,862 1,268 1,067 89,063 (177 ) Total fixed maturities, available-for-sale $ 5,244,903 $ 96,757 $ 142,065 $ 5,199,595 $ (299 ) (1) Includes credit-tranched securities collateralized by loan obligations, 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 unrealized losses remaining in AOCI, from the impairment measurement date. Amount excludes $0.4 million of net unrealized losses 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 maturity securities had been in a continuous unrealized loss position, as of the dates indicated: March 31, 2019 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 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Obligations of U.S. states and their political subdivisions 0 0 6,771 18 6,771 18 Foreign government bonds 4,181 28 71,392 2,460 75,573 2,488 U.S. public corporate securities 110,017 2,347 330,357 15,017 440,374 17,364 U.S. private corporate securities 54,835 4,183 194,614 5,002 249,449 9,185 Foreign public corporate securities 7,508 93 83,890 3,860 91,398 3,953 Foreign private corporate securities 114,485 3,592 228,928 21,624 343,413 25,216 Asset-backed securities 98,426 473 10,015 58 108,441 531 Commercial mortgage-backed securities 0 0 110,228 1,379 110,228 1,379 Residential mortgage-backed securities 186 1 28,181 382 28,367 383 Total fixed maturities, available-for-sale $ 389,638 $ 10,717 $ 1,064,376 $ 49,800 $ 1,454,014 $ 60,517 December 31, 2018 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 $ 0 $ 0 $ 630 $ 6 $ 630 $ 6 Obligations of U.S. states and their political subdivisions 124,776 1,571 31,215 780 155,991 2,351 Foreign government bonds 77,055 3,184 59,700 5,015 136,755 8,199 U.S. public corporate securities 784,916 37,635 213,147 16,766 998,063 54,401 U.S. private corporate securities 263,934 9,159 287,031 9,432 550,965 18,591 Foreign public corporate securities 124,764 6,286 72,725 5,865 197,489 12,151 Foreign private corporate securities 424,921 22,605 127,201 17,417 552,122 40,022 Asset-backed securities 112,527 650 6,523 100 119,050 750 Commercial mortgage-backed securities 49,616 434 116,786 4,093 166,402 4,527 Residential mortgage-backed securities 34,249 240 32,432 827 66,681 1,067 Total fixed maturities, available-for-sale $ 1,996,758 $ 81,764 $ 947,390 $ 60,301 $ 2,944,148 $ 142,065 As of March 31, 2019 and December 31, 2018 , the gross unrealized losses on fixed maturity securities were composed of $46.4 million and $121.3 million , respectively, related to “1” highest quality or “2” high quality securities based on the National Association of Insurance Commissioners (“NAIC”) or equivalent rating and $14.1 million and $20.8 million , respectively, related to other than high or highest quality securities based on NAIC or equivalent rating. As of March 31, 2019 , the $49.8 million of gross unrealized losses of twelve months or more were concentrated in the Company’s corporate securities within the finance , consumer non-cyclical and energy sectors. As of December 31, 2018 , the $60.3 million of gross unrealized losses of twelve months or more were concentrated in the Company's corporate securities within the finance , energy and consumer non-cyclical sectors. 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, 2018 , the Company concluded that an adjustment to earnings for OTTI for these fixed maturity securities was not warranted at either March 31, 2019 or December 31, 2018 . These conclusions were 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, 2019 , 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. The following table sets forth the amortized cost and fair value of fixed maturities by contractual maturities, as of the date indicated: March 31, 2019 Amortized Cost Fair Value (in thousands) Fixed maturities, available-for-sale: Due in one year or less $ 206,941 $ 208,192 Due after one year through five years 705,933 703,752 Due after five years through ten years 993,523 1,008,175 Due after ten years 2,980,483 3,096,919 Asset-backed securities 148,802 149,733 Commercial mortgage-backed securities 345,909 351,769 Residential mortgage-backed securities 86,570 87,669 Total fixed maturities, available-for-sale $ 5,468,161 $ 5,606,209 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 proceeds and related investment gains (losses), as well as losses on impairments of fixed maturities, for the periods indicated: Three Months Ended March 31, 2019 2018 (in thousands) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 24,787 $ 16,852 Proceeds from maturities/prepayments 52,875 54,310 Gross investment gains from sales and maturities 949 144 Gross investment losses from sales and maturities (1,970 ) (359 ) OTTI recognized in earnings(2) (3,163 ) (594 ) (1) Includes $6.9 million and $1.8 million of non-cash related proceeds due to the timing of trade settlements for the three months ended March 31, 2019 and 2018 , respectively. (2) Excludes the portion of OTTI amounts remaining in 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 table sets forth a rollforward of pre-tax amounts remaining in OCI related to fixed maturity securities with credit loss impairments recognized in earnings, for the periods indicated: Three Months Ended March 31, 2019 2018 (in thousands) Credit loss impairments: Balance, beginning of period $ 1,291 $ 4,374 New credit loss impairments 3,022 0 Increases due to the passage of time on previously recorded credit losses 10 37 Reductions for securities which matured, paid down, prepaid or were sold during the period (593 ) (42 ) Accretion of credit loss impairments previously recognized due to an increase in cash flows expected to be collected (120 ) (25 ) Balance, end of period $ 3,610 $ 4,344 Equity Securities The net change in unrealized gains (losses) from equity securities still held at period end, recorded within “Other income,” was $0.7 million and $(1.2) million during the three months ended March 31, 2019 and 2018 , respectively. Commercial Mortgage and Other Loans The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated: March 31, 2019 December 31, 2018 Amount (in thousands) % of Total Amount (in thousands) % of Total Commercial mortgage and agricultural property loans by property type: Apartments/Multi-Family $ 356,454 29.3 % $ 362,811 29.9 % Hospitality 15,969 1.3 16,083 1.3 Industrial 271,953 22.5 263,999 21.8 Office 191,236 15.7 187,450 15.5 Other 131,850 10.9 131,961 10.9 Retail 192,381 15.8 193,473 16.0 Total commercial mortgage loans 1,159,843 95.5 1,155,777 95.4 Agricultural property loans 54,833 4.5 55,438 4.6 Total commercial mortgage and agricultural property loans by property type 1,214,676 100.0 % 1,211,215 100.0 % Allowance for credit losses (2,058 ) (2,065 ) Total commercial mortgage and other loans $ 1,212,618 $ 1,209,150 As of March 31, 2019 , the commercial mortgage and agricultural property loans were secured by properties geographically dispersed throughout the United States (with the largest concentrations in California ( 21% ), Texas ( 14% ) and New York ( 7% )) and included loans secured by properties in Europe ( 6% ), Australia ( 4% ) and Mexico ( 2% ). The following table sets forth the activity in the allowance for credit losses for commercial mortgage and other loans, as of the dates indicated: Commercial Mortgage Loans Agricultural Property Loans Total (in thousands) Balance at December 31, 2017 $ 1,728 $ 66 $ 1,794 Addition to (release of) allowance for credit losses 298 (27 ) 271 Charge-offs, net of recoveries 0 0 0 Balance at December 31, 2018 2,026 39 2,065 Addition to (release of) allowance for credit losses (10 ) 3 (7 ) Charge-offs, net of recoveries 0 0 0 Balance at March 31, 2019 $ 2,016 $ 42 $ 2,058 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, 2019 Commercial Mortgage Loans Agricultural Property Loans Total (in thousands) Allowance for credit losses: Individually evaluated for impairment $ 0 $ 0 $ 0 Collectively evaluated for impairment 2,016 42 2,058 Total ending balance(1) $ 2,016 $ 42 $ 2,058 Recorded investment(2): Individually evaluated for impairment $ 0 $ 0 $ 0 Collectively evaluated for impairment 1,159,843 54,833 1,214,676 Total ending balance(1) $ 1,159,843 $ 54,833 $ 1,214,676 (1) As of March 31, 2019 , there were no loans acquired with deteriorated credit quality. (2) Recorded investment reflects the carrying value gross of related allowance. December 31, 2018 Commercial Mortgage Loans Agricultural Property Loans Total (in thousands) Allowance for credit losses: Individually evaluated for impairment $ 0 $ 0 $ 0 Collectively evaluated for impairment 2,026 39 2,065 Total ending balance(1) $ 2,026 $ 39 $ 2,065 Recorded investment(2): Individually evaluated for impairment $ 0 $ 816 $ 816 Collectively evaluated for impairment 1,155,777 54,622 1,210,399 Total ending balance(1) $ 1,155,777 $ 55,438 $ 1,211,215 (1) As of December 31, 2018 , 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: March 31, 2019 Debt Service Coverage Ratio ≥ 1.2X 1.0X to < 1.2X < 1.0X Total (in thousands) Loan-to-Value Ratio: 0%-59.99% $ 698,110 $ 14,468 $ 0 $ 712,578 60%-69.99% 316,532 16,469 0 333,001 70%-79.99% 114,257 27,612 0 141,869 80% or greater 27,000 0 228 27,228 Total commercial mortgage and agricultural property loans $ 1,155,899 $ 58,549 $ 228 $ 1,214,676 December 31, 2018 Debt Service Coverage Ratio ≥ 1.2X 1.0X to < 1.2X < 1.0X Total (in thousands) Loan-to-Value Ratio: 0%-59.99% $ 696,507 $ 12,771 $ 80 $ 709,358 60%-69.99% 321,586 18,525 0 340,111 70%-79.99% 105,727 27,790 0 133,517 80% or greater 28,000 229 0 28,229 Total commercial mortgage and agricultural property loans $ 1,151,820 $ 59,315 $ 80 $ 1,211,215 The following tables set forth an 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, 2019 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 $ 1,159,843 $ 0 $ 0 $ 0 $ 1,159,843 $ 0 Agricultural property loans 54,833 0 0 0 54,833 0 Total $ 1,214,676 $ 0 $ 0 $ 0 $ 1,214,676 $ 0 (1) As of March 31, 2019 , there were no loans in this category accruing interest. (2) For additional information regarding 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, 2018 . December 31, 2018 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 $ 1,155,777 $ 0 $ 0 $ 0 $ 1,155,777 $ 0 Agricultural property loans 55,438 0 0 0 55,438 0 Total $ 1,211,215 $ 0 $ 0 $ 0 $ 1,211,215 $ 0 (1) As of December 31, 2018 , there were no loans in this category accruing interest. (2) For additional information regarding 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, 2018 . For the three months ended March 31, 2019 and 2018 , there were no commercial mortgage and other loans acquired, other than those through direct origination. For the three months ended March 31, 2019 , there were $5 million of commercial mortgage and other loans sold. For the three months ended March 31, 2018 , there were no commercial mortgage and other loans sold. Other Invested Assets The following table sets forth the composition of “Other invested assets,” as of the dates indicated: March 31, 2019 December 31, 2018 (in thousands) Company’s investment in separate accounts $ 41,577 $ 40,126 LPs/LLCs: Equity method: Private equity 158,754 149,164 Hedge funds 59,513 57,171 Real estate-related 10,335 10,251 Subtotal equity method 228,602 216,586 Fair value: Private equity 61,817 60,118 Hedge funds 769 762 Real estate-related 10,055 9,024 Subtotal fair value 72,641 69,904 Total LPs/LLCs 301,243 286,490 Derivative instruments 15,468 50,813 Total other invested assets $ 358,288 $ 377,429 Net Investment Income The following table sets forth “Net investment income” by investment type, for the periods indicated: Three Months Ended March 31, 2019 2018 (in thousands) Fixed maturities, available-for-sale $ 56,266 $ 53,260 Fixed maturities, trading 308 266 Equity securities, at fair value 221 221 Commercial mortgage and other loans 12,491 12,405 Policy loans 16,199 15,904 Short-term investments and cash equivalents 2,311 323 Other invested assets 9,911 115 Gross investment income 97,707 82,494 Less: investment expenses (4,457 ) (4,579 ) Net investment income $ 93,250 $ 77,915 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, 2019 2018 (in thousands) Fixed maturities(1) $ (4,184 ) $ (809 ) Commercial mortgage and other loans 7 131 LPs/LLCs 12 847 Derivatives (44,477 ) (49,193 ) Short-term investments and cash equivalents 7 (18 ) Realized investment gains (losses), net $ (48,635 ) $ (49,042 ) (1) Includes fixed maturity securities classified as available-for-sale and excludes fixed maturity securities classified as trading. Net Unrealized Gains (Losses) on Investments within AOCI The following table sets forth net unrealized gains (losses) on investments, as of the dates indicated: March 31, 2019 December 31, 2018 (in thousands) Fixed maturity securities, available-for-sale—with OTTI $ (408 ) $ (689 ) Fixed maturity securities, available-for-sale—all other 138,456 (44,619 ) Derivatives designated as cash flow hedges(1) 15,441 22,122 Affiliated notes 2,899 810 Other investments 4,942 5,055 Net unrealized gains (losses) on investments $ 161,330 $ (17,321 ) (1) For more information on cash flow hedges, see Note 4 . Repurchase Agreements and Securities Lending In the normal course of business, the Company sells securities under agreements to repurchase and enters into securities lending transactions. As of March 31, 2019 and December 31, 2018 , the Company had no repurchase agreements. The following table sets forth the composition of “Cash collateral for loaned securities,” which represents the liability to return cash collateral received for the following types of securities loaned, as of the dates indicated: March 31, 2019 December 31, 2018 Remaining Contractual Maturities of the Agreements Remaining Contractual Maturities of the Agreements Overnight & Continuous Up to 30 Days Total Overnight & Continuous Up to 30 Days Total (in thousands) U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 3,109 $ 0 $ 3,109 $ 8,169 $ 0 $ 8,169 Foreign government bonds 2,121 0 2,121 0 0 0 U.S. public corporate securities 2,745 0 2,745 628 0 628 Foreign public corporate securities 2,359 0 2,359 2,266 0 2,266 Total cash collateral for loaned securities(1) $ 10,334 $ 0 $ 10,334 $ 11,063 $ 0 $ 11,063 (1)

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	DERIVATIVE INSTRUMENTS Types of Derivative Instruments and Derivative Strategies The Company utilizes various derivative instruments and strategies to manage its risk. Commonly used derivative instruments include, but are not necessarily limited to: • Interest rate contracts: futures, swaps, options, swaptions, caps and floors • Equity contracts: futures, options and total return swaps • Foreign exchange contracts: futures, options, forwards and swaps • Credit contracts: single and index reference credit default swaps Other types of financial contracts that the Company accounts for as derivatives include: • Embedded derivatives For detailed information on these contracts and the related strategies, see Note 4 to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 . 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 risks, excluding embedded derivatives and associated reinsurance recoverables. Many derivative instruments contain multiple underlying risks. 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, and NPR. March 31, 2019 December 31, 2018 Primary Underlying Risk/Instrument Type Gross Fair Value Gross Fair Value Notional Assets Liabilities Notional Assets Liabilities (in thousands) Derivatives Designated as Hedge Accounting Instruments: Currency/Interest Rate Foreign Currency Swaps $ 738,998 $ 33,171 $ (19,619 ) $ 719,476 $ 38,333 $ (16,638 ) Total Derivatives Designated as Hedge Accounting Instruments $ 738,998 $ 33,171 $ (19,619 ) $ 719,476 $ 38,333 $ (16,638 ) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 246,925 $ 20,945 $ 0 $ 246,925 $ 15,665 $ (3,174 ) Foreign Currency Foreign Currency Forwards 23,318 331 (38 ) 23,043 277 (20 ) Credit Credit Default Swaps 0 0 0 756 0 (9 ) Currency/Interest Rate Foreign Currency Swaps 113,062 5,987 (1,035 ) 98,363 6,303 (2,109 ) Equity Equity Options 2,123,153 70,934 (19,071 ) 1,981,693 17,312 (4,912 ) Total Derivatives Not Qualifying as Hedge Accounting Instruments $ 2,506,458 $ 98,197 $ (20,144 ) $ 2,350,780 $ 39,557 $ (10,224 ) Total Derivatives(1)(2) $ 3,245,456 $ 131,368 $ (39,763 ) $ 3,070,256 $ 77,890 $ (26,862 ) (1) Excludes embedded derivatives and associated reinsurance recoverables which contain multiple underlying risks. (2) Recorded in “Other invested assets” and “Other liabilities” on the Unaudited Interim Consolidated Statements of Financial Position. The fair value of the embedded derivatives, included in "Future policy benefits," was a net liability of $6,459 million and $5,589 million as of March 31, 2019 and December 31, 2018 , respectively. The fair value of the related reinsurance recoverables, included in "Reinsurance recoverables" or "Other liabilities," was a net asset of $6,468 million and $5,600 million as of March 31, 2019 and December 31, 2018 , respectively. Of these reinsurance recoverables, the fair value related to the living benefits guarantee from Prudential Annuities Life Assurance Corporation ("PALAC") and Prudential Insurance was a net asset of $6,430 million and $5,585 million and the fair value related to the Prudential Premier® Retirement Variable Annuity with Highest Daily Lifetime Income ("HDI") v.3.0 from Union Hamilton Reinsurance, Ltd. ("Union Hamilton"), an external counterparty, was a net asset of $38 million and $15 million as of March 31, 2019 and December 31, 2018 , respectively. See Note 6 for additional information on these reinsurance agreements. The fair value of the embedded derivatives, included in "Policyholders' account balances," was a net liability of $53 million and $13 million as of March 31, 2019 and December 31, 2018 , respectively. There were no related reinsurance recoverables at each respective period. 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, 2019 Gross Amounts of Recognized Financial Instruments Gross Amounts Offset in the Consolidated Statements of Financial Position Net Amounts Financial Instruments/ Collateral (1) Net Amount (in thousands) Offsetting of Financial Assets: Derivatives(1) $ 131,365 $ (115,900 ) $ 15,465 $ (12,809 ) $ 2,656 Securities purchased under agreements to resell 0 0 0 0 0 Total Assets $ 131,365 $ (115,900 ) $ 15,465 $ (12,809 ) $ 2,656 Offsetting of Financial Liabilities: Derivatives(1) $ 39,763 $ (39,763 ) $ 0 $ 0 $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 39,763 $ (39,763 ) $ 0 $ 0 $ 0 December 31, 2018 Gross Amounts of Recognized Financial Instruments Gross Amounts Offset in the Consolidated Statements of Financial Position Net Amounts Presented in the Consolidated Statements of Financial Position Financial Net Amount (in thousands) Offsetting of Financial Assets: Derivatives(1) $ 77,887 $ (27,078 ) $ 50,809 $ (7,307 ) $ 43,502 Securities purchased under agreements to resell 143,000 0 143,000 (143,000 ) 0 Total Assets $ 220,887 $ (27,078 ) $ 193,809 $ (150,307 ) $ 43,502 Offsetting of Financial Liabilities: Derivatives(1) $ 26,862 $ (26,862 ) $ 0 $ 0 $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 26,862 $ (26,862 ) $ 0 $ 0 $ 0 (1) Amounts exclude the excess of collateral received/pledged from/to the counterparty. For information regarding the rights of offset associated with the derivative assets and liabilities in the table above see “Credit Risk” below and Note 9 . 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, 2018 . 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, 2019 Realized Net Other AOCI(1) (in thousands) Derivatives Designated as Hedge Accounting Instruments: Cash flow hedges Currency/Interest Rate $ (160 ) $ 2,069 $ (1,515 ) $ (6,654 ) Total cash flow hedges (160 ) 2,069 (1,515 ) (6,654 ) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 7,616 0 0 0 Currency (20 ) 0 0 0 Currency/Interest Rate 1,430 0 1 0 Credit (1 ) 0 0 0 Equity 28,863 0 0 0 Embedded Derivatives (82,205 ) 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments (44,317 ) 0 1 0 Total $ (44,477 ) $ 2,069 $ (1,514 ) $ (6,654 ) Three Months Ended March 31, 2018(2) 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 $ (517 ) $ 1,538 $ (664 ) $ (22,862 ) Total cash flow hedges (517 ) 1,538 (664 ) (22,862 ) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (9,401 ) 0 0 0 Currency (556 ) 0 0 0 Currency/Interest Rate (3,334 ) 0 (23 ) 0 Credit (1 ) 0 0 0 Equity (4,757 ) 0 0 0 Embedded Derivatives (30,627 ) 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments (48,676 ) 0 (23 ) 0 Total $ (49,193 ) $ 1,538 $ (687 ) $ (22,862 ) (1) Net change in AOCI. (2) Prior period amounts have been updated to conform to current period presentation. Presented below is a rollforward of current period cash flow hedges in AOCI before taxes: (in thousands) Balance, December 31, 2018 $ 22,122 Cumulative-effect adjustment from the adoption of ASU 2017-12(1) (27 ) Amount recorded in AOCI Currency/Interest Rate (6,260 ) Total amount recorded in AOCI (6,260 ) Amount reclassified from AOCI to income Currency/Interest Rate (394 ) Total amount reclassified from AOCI to income (394 ) Balance, March 31, 2019 $ 15,441 (1) See Note 2 for details. The changes in fair value of cash flow hedges are deferred in AOCI and are included in "Net unrealized investment gains (losses)" in the Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss); these amounts are then reclassified to earnings when the hedged item affects earnings. Using March 31, 2019 values, it is estimated that a pre-tax gain of $7 million is expected to be reclassified from AOCI to earnings during the subsequent twelve months ending March 31, 2020 , offset by amounts pertaining to the hedged items. The exposures the Company is hedging with these qualifying cash flow hedges include the variability of the payment or receipt of interest or foreign currency amounts on existing financial instruments. There were no material amounts reclassified from AOCI 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. Credit Derivatives The Company has no exposure from credit derivative positions where it has written credit protection as of March 31, 2019 and December 31, 2018 . The Company has purchased credit protection using credit derivatives in order to hedge specific credit exposures in the Company’s investment portfolio. The Company has outstanding notional amounts of $0.0 million and $1 million reported as of March 31, 2019 and December 31, 2018 , respectively with a fair value of $0.0 million for both periods. Credit Risk The Company is exposed to credit-related losses in the event of non-performance by counterparty to financial derivative transactions with a positive fair value. The Company manages credit risk by entering into derivative transactions with its affiliate, Prudential Global Funding LLC (“PGF”), related to its over-the-counter ("OTC") derivatives. PGF, in turn, manages its credit risk by: (i) entering into derivative transactions with highly rated major international financial institutions and other creditworthy counterparties governed by master netting agreement, as applicable; (ii) trading through central clearing and OTC parties; (iii) obtaining collateral, such as cash and securities, when appropriate; and (iv) setting limits on single-party credit exposures which are subject to periodic management review.

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	3 Months Ended
	Mar. 31, 2019
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. 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. 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. For a discussion of the Company's valuation methodologies for assets and liabilities measured at fair value and the fair value hierarchy, see Note 5 to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2018 . 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, 2019 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 $ 47,811 $ 32,188 $ 0 $ 79,999 Obligations of U.S. states and their political subdivisions 0 639,606 0 0 639,606 Foreign government bonds 0 214,648 164 0 214,812 U.S. corporate public securities 0 2,005,259 3 0 2,005,262 U.S. corporate private securities 0 857,453 43,504 0 900,957 Foreign corporate public securities 0 295,645 211 0 295,856 Foreign corporate private securities 0 869,304 11,242 0 880,546 Asset-backed securities(2) 0 147,000 2,733 0 149,733 Commercial mortgage-backed securities 0 274,698 77,071 0 351,769 Residential mortgage-backed securities 0 87,669 0 0 87,669 Subtotal 0 5,439,093 167,116 0 5,606,209 Fixed maturities, trading 0 43,000 0 0 43,000 Equity securities 140 18,616 15,991 0 34,747 Cash equivalents 104,949 250,219 0 0 355,168 Other invested assets(3) 0 131,364 4 (115,900 ) 15,468 Reinsurance recoverables 0 0 6,468,704 0 6,468,704 Receivables from parent and affiliates 0 120,687 7,792 0 128,479 Subtotal excluding separate account assets 105,089 6,002,979 6,659,607 (115,900 ) 12,651,775 Separate account assets(4)(5) 0 124,615,650 0 0 124,615,650 Total assets $ 105,089 $ 130,618,629 $ 6,659,607 $ (115,900 ) $ 137,267,425 Future policy benefits(6) $ 0 $ 0 $ 6,459,377 $ 0 $ 6,459,377 Policyholders' account balances 0 0 53,136 0 53,136 Payables to parent and affiliates 0 39,763 0 (39,763 ) 0 Total liabilities $ 0 $ 39,763 $ 6,512,513 $ (39,763 ) $ 6,512,513 As of December 31, 2018 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 $ 47,654 $ 29,816 $ 0 $ 77,470 Obligations of U.S. states and their political subdivisions 0 622,758 0 0 622,758 Foreign government bonds 0 201,947 0 0 201,947 U.S. corporate public securities 0 1,731,623 2 0 1,731,625 U.S. corporate private securities 0 838,497 44,841 0 883,338 Foreign corporate public securities 0 262,023 0 0 262,023 Foreign corporate private securities 0 815,634 11,745 0 827,379 Asset-backed securities(2) 0 151,040 6,556 0 157,596 Commercial mortgage-backed securities 0 346,396 0 0 346,396 Residential mortgage-backed securities 0 89,063 0 0 89,063 Subtotal 0 5,106,635 92,960 0 5,199,595 Fixed maturities, trading 0 41,627 0 0 41,627 Equity securities 131 20,794 15,997 0 36,922 Cash equivalents 69,903 147,043 0 0 216,946 Other invested assets(3) 0 77,886 4 (27,078 ) 50,812 Reinsurance recoverables 0 0 5,600,008 0 5,600,008 Receivables from parent and affiliates 0 125,381 9,261 0 134,642 Subtotal excluding separate account assets 70,034 5,519,366 5,718,230 (27,078 ) 11,280,552 Separate account assets(4)(5) 0 114,947,872 0 0 114,947,872 Total assets $ 70,034 $ 120,467,238 $ 5,718,230 $ (27,078 ) $ 126,228,424 Future policy benefits(6) $ 0 $ 0 $ 5,588,840 $ 0 $ 5,588,840 Policyholders' account balances 0 0 13,015 0 13,015 Payables to parent and affiliates 0 26,862 0 (26,862 ) 0 Total liabilities $ 0 $ 26,862 $ 5,601,855 $ (26,862 ) $ 5,601,855 (1) “Netting” amounts represent cash collateral of $76.1 million and $0.2 million as of March 31, 2019 and December 31, 2018 , respectively, and the impact of offsetting asset and liability positions held with the same counterparty, subject to master netting arrangements. (2) Includes credit tranched securities collateralized by syndicated bank loans, sub-prime mortgages, auto loans, credit cards, education loans and other asset types. (3) Other invested assets 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 ("NAV") per share (or its equivalent) as a practical expedient. At March 31, 2019 and December 31, 2018 , the fair values of such investments were $73 million and $70 million , respectively. (4) 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. (5) Separate account assets included in the fair value hierarchy exclude investments in entities that calculate NAV per share (or its equivalent) as a practical expedient. Such investments excluded from the fair value hierarchy include investments in real estate, hedge funds and a corporate owned life insurance fund, for which fair value is measured at NAV per share (or its equivalent). As of March 31, 2019 and December 31, 2018 , the fair value of such investments was $4,383 million and $4,130 million , respectively. (6) As of March 31, 2019 , the net embedded derivative liability position of $6,459 million includes $623 million of embedded derivatives in an asset position and $7,082 million of embedded derivatives in a liability position. As of December 31, 2018 , the net embedded derivative liability position of $5,589 million includes $633 million of embedded derivatives in an asset position and $6,222 million of embedded derivatives in a liability position. 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, 2019 Fair Value Valuation Techniques Unobservable Inputs Minimum Maximum Weighted Average Impact of Increase in Input on Fair Value(1) (in thousands) Assets: Corporate securities(2) $ 23,065 Discounted cash flow Discount rate 8.25 % 20.00 % 13.69 % Decrease Liquidation Liquidation value 13.18 % 13.18 % 13.18 % Increase Reinsurance recoverables $ 6,468,704 Fair values are determined using the same unobservable inputs as future policy benefits. Liabilities: Future policy benefits(3) $ 6,459,377 Discounted cash flow Lapse rate(4) 1 % 13 % Decrease Spread over LIBOR(5) 0.12 % 1.35 % Decrease Utilization rate(6) 50 % 97 % Increase Withdrawal rate See table footnote (7) below Mortality rate(8) 0 % 15 % Decrease Equity volatility curve 15 % 22 % Increase As of December 31, 2018 Fair Value Valuation Techniques Unobservable Inputs Minimum Maximum Weighted Average Impact of Increase in Input on Fair Value(1) (in thousands) Assets: Corporate securities(2) $ 31,503 Discounted cash flow Discount rate 7.00 % 20.00 % 10.21 % Decrease Liquidation Liquidation value 40.71 % 40.71 % 40.71 % Increase Reinsurance recoverables $ 5,600,008 Fair values are determined using the same unobservable inputs as future policy benefits. Liabilities: Future policy benefits(3) $ 5,588,840 Discounted cash flow Lapse rate(4) 1 % 13 % Decrease Spread over LIBOR(5) 0.36 % 1.60 % Decrease Utilization rate(6) 50 % 97 % Increase Withdrawal rate See table footnote (7) below Mortality rate(8) 0 % 15 % Decrease Equity volatility curve 18 % 22 % Increase (1) Conversely, the impact of a decrease in input would have the opposite impact on fair value as that presented in the table. (2) Includes assets classified as fixed maturities, available-for-sale. (3) 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. (4) 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. (5) The spread over the London Inter-Bank Offered Rate ("LIBOR") swap curve represents the premium added to the proxy for the risk-free rate (LIBOR) to reflect our estimates of rates that a market participant would use to value the living benefit contracts in both the accumulation and payout phases. This spread includes an estimate of NPR, which is the risk that the obligation will not be fulfilled by the Company. NPR is primarily estimated by utilizing the credit spreads associated with issuing funding agreements, adjusted for any illiquidity risk premium. In order to reflect the financial strength ratings of the Company, credit spreads associated with funding agreements, as opposed to credit spread associated with debt, are utilized in developing this estimate because both funding agreements and living benefit contracts are insurance liabilities and are therefore senior to debt. (6) 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. (7) The withdrawal rate assumption estimates the magnitude of annual contractholder withdrawals relative to the maximum allowable amount under the contract. These assumptions 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, 2019 and December 31, 2018 , the minimum withdrawal rate assumption is 78% and the maximum withdrawal rate assumption 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%. (8) Range reflects the mortality rate for the vast majority of business with living benefits, with policyholders ranging from 50 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. 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. For the discussion of the relationships between unobservable inputs as well as market factors that may affect the range of inputs used in the valuation of Level 3 assets and liabilities, see Note 5 to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2018 . Changes in Level 3 Assets and Liabilities – The following tables describe 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. When a determination is made to classify assets and liabilities within Level 3, the determination is based on significance of the unobservable inputs in the overall fair value measurement. All transfers are based on changes in the observability of the valuation inputs, including the availability of pricing service information that the Company can validate. All transfers are generally reported at the value as of the beginning of the quarter in which transfers occur for any such assets still held at the end of the quarter. Three Months Ended March 31, 2019 Fair Value, beginning of period Total realized and unrealized gains (losses)(1) Purchases Sales Issuances Settlements Other(2) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(3) (in thousands) Fixed maturities, available-for-sale: U.S. government $ 29,816 $ 0 $ 2,372 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 32,188 $ 0 Foreign government 0 5 0 0 0 0 0 159 0 164 0 Corporate securities(4) 56,588 (3,412 ) 1,331 (28 ) 0 (7,097 ) 1 7,577 0 54,960 (3,163 ) Structured securities(5) 6,556 1,268 0 (1 ) 0 (3,979 ) 0 75,960 0 79,804 0 Other assets: Equity securities 15,997 (6 ) 0 0 0 0 0 0 0 15,991 (6 ) Other invested assets 4 0 0 0 0 0 0 0 0 4 0 Short-term investments 0 0 0 0 0 0 0 0 0 0 0 Reinsurance recoverables 5,600,008 633,318 235,378 0 0 0 0 0 0 6,468,704 677,444 Receivables from parent and affiliates 9,261 111 0 0 0 (1,580 ) 0 0 0 7,792 0 Liabilities: Future policy benefits (5,588,840 ) (637,102 ) 0 0 (233,435 ) 0 0 0 0 (6,459,377 ) (681,227 ) Policyholders' account balances (13,015 ) (33,614 ) 0 0 0 (6,507 ) 0 0 0 (53,136 ) (33,614 ) Three Months Ended March 31, 2019 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(3) Realized investment gains (losses), net(1) Other income (loss) Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) (in thousands) Fixed maturities, available-for-sale $ (2,402 ) $ 0 $ 164 $ 99 $ (3,163 ) $ 0 Other assets: Equity securities 0 (6 ) 0 0 0 (6 ) Other invested assets 0 0 0 0 0 0 Short-term investments 0 0 0 0 0 0 Reinsurance recoverables 633,318 0 0 0 677,444 0 Receivables from parent and affiliates 0 0 0 111 0 0 Liabilities: Future policy benefits (637,102 ) 0 0 0 (681,227 ) 0 Policyholders' account balances (33,614 ) 0 0 0 (33,614 ) 0 Three Months Ended March 31, 2018(6) Fair Value, beginning of period Total realized and unrealized gains (losses)(1) Purchases Sales Issuances Settlements Other(2) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(3) (in thousands) Fixed maturities, available-for-sale: U.S. government $ 19,204 $ 0 $ 2,365 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 21,569 $ 0 Foreign government 0 (8 ) 0 0 0 0 174 0 0 166 0 Corporate securities(4) 75,421 936 1,022 0 0 (4,570 ) 15 0 (209 ) 72,615 (26 ) Structured securities(5) 111,028 131 190 0 0 (3,195 ) 0 13,513 (26,794 ) 94,873 0 Other assets: Equity securities 17,525 (486 ) 0 0 0 0 0 0 0 17,039 (486 ) Other invested assets 0 1 0 0 0 0 0 9 0 10 2 Short-term investments 1,339 (18 ) 3,400 0 0 (3,513 ) (14 ) 0 0 1,194 (18 ) Reinsurance recoverables 5,457,649 (1,462,992 ) 219,457 0 0 0 0 0 0 4,214,114 (1,409,320 ) Receivables from parent and affiliates 0 (20 ) 0 0 0 0 0 6,551 0 6,531 0 Liabilities: Future policy benefits (5,452,583 ) 1,487,555 0 0 (226,345 ) 0 0 0 0 (4,191,373 ) 1,433,872 Policyholders' account balances (46,651 ) 5,013 0 0 0 2,122 0 0 0 (39,516 ) 5,013 Other liabilities 0 (24,780 ) 8,825 0 0 0 0 0 0 (15,955 ) (24,780 ) Three Months Ended March 31, 2018(6) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(3) Realized investment gains (losses), net(1) Other income (loss) Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) (in thousands) Fixed maturities, available-for-sale $ 68 $ 0 $ 914 $ 77 $ (26 ) $ 0 Other assets: Equity securities 0 (486 ) 0 0 0 (486 ) Other invested assets 1 0 0 0 2 0 Short-term investments (18 ) 0 0 0 (18 ) 0 Reinsurance recoverables (1,462,992 ) 0 0 0 (1,409,320 ) 0 Receivables from parent and affiliates 0 (20 ) 0 0 0 0 Liabilities: Future policy benefits 1,487,555 0 0 0 1,433,872 0 Policyholders' account balances 5,013 0 0 0 5,013 0 Other liabilities (24,780 ) 0 0 0 (24,780 ) 0 (1) Realized investment gains (losses) on future policy benefits and reinsurance recoverables primarily represent the change in the fair value of the Company's living benefit guarantees on certain of its variable annuity contracts. (2) Other primarily represents reclassifications of certain assets and liabilities between reporting categories. (3) 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. (4) Includes U.S. corporate public, U.S. corporate private, foreign corporate public and foreign corporate private securities. (5) Includes asset-backed, commercial mortgage-backed and residential mortgage-backed securities. (6) Prior period amounts have been updated to conform to current period presentation. Fair Value of Financial Instruments 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. In some cases, as described below, the carrying amount equals or approximates fair value. March 31, 2019 Fair Value Carrying Amount(1) Level 1 Level 2 Level 3 Total Total (in thousands) Assets: Commercial mortgage and other loans $ 0 $ 0 $ 1,240,689 $ 1,240,689 $ 1,212,618 Policy loans 0 0 1,251,094 1,251,094 1,251,094 Cash and cash equivalents 48,115 0 0 48,115 48,115 Accrued investment income 0 89,358 0 89,358 89,358 Receivables from parent and affiliates 0 149,571 0 149,571 149,571 Other assets 0 35,112 0 35,112 35,112 Total assets $ 48,115 $ 274,041 $ 2,491,783 $ 2,813,939 $ 2,785,868 Liabilities: Policyholders’ account balances - investment contracts $ 0 $ 1,226,786 $ 276,008 $ 1,502,794 $ 1,507,136 Cash collateral for loaned securities 0 10,334 0 10,334 10,334 Payables to parent and affiliates 0 217,073 0 217,073 217,073 Other liabilities 0 358,256 0 358,256 358,256 Total liabilities $ 0 $ 1,812,449 $ 276,008 $ 2,088,457 $ 2,092,799 December 31, 2018 Fair Value Carrying Amount(1) Level 1 Level 2 Level 3 Total Total (in thousands) Assets: Commercial mortgage and other loans $ 0 $ 0 $ 1,214,350 $ 1,214,350 $ 1,209,150 Policy loans 0 0 1,236,077 1,236,077 1,236,077 Cash and cash equivalents 56,894 143,000 0 199,894 199,894 Accrued investment income 0 88,278 0 88,278 88,278 Receivables from parent and affiliates 0 154,938 0 154,938 154,938 Other assets 0 28,950 0 28,950 28,950 Total assets $ 56,894 $ 415,166 $ 2,450,427 $ 2,922,487 $ 2,917,287 Liabilities: Policyholders’ account balances - investment contracts $ 0 $ 1,206,747 $ 272,322 $ 1,479,069 $ 1,486,929 Cash collateral for loaned securities 0 11,063 0 11,063 11,063 Payables to parent and affiliates 0 229,345 0 229,345 229,345 Other liabilities 0 372,997 0 372,997 372,997 Total liabilities $ 0 $ 1,820,152 $ 272,322 $ 2,092,474 $ 2,100,334 (1) Carrying values presented herein differ from those in the Company’s Unaudited Interim Consolidated Statements

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The Company uses a full year projected effective tax rate approach to calculate year-to-date taxes. 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 "Income tax expense (benefit)" divided by projected "Income (loss) from operations before income taxes and equity in earnings of operating joint venture." Taxes attributable to the operating joint venture are recorded within "Equity in earnings of operating joint venture, net of taxes." The interim period tax expense (or benefit) is the difference between the year-to-date income tax provision and the amounts reported for the previous interim periods of the fiscal year. The Company's income tax provision, on a consolidated basis, amounted to an income tax benefit of $(16.9) million , or (23.57)% of income (loss) before income taxes and equity in earnings of operating joint venture, in the first three months of 2019, compared to $(2.7) million , or (29.20)% , in the first three months of 2018. The Company's current and prior effective tax rates differed from the U.S. statutory rate of 21%

Reinsurance

Reinsurance	3 Months Ended
	Mar. 31, 2019
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”), 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") and Dryden Arizona Reinsurance Term Company (“DART”), its parent company Prudential Insurance, as well as third parties. The reinsurance agreements provide risk diversification and additional capacity for future growth, limit the maximum net loss potential, manage statutory capital, and facilitate the Company's capital market hedging program. 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. 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 4 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, 2019 and December 31, 2018 were as follows: March 31, 2019 December 31, 2018 (in thousands) Reinsurance recoverables $ 36,106,323 $ 34,682,127 Policy loans (132,433 ) (130,502 ) Deferred policy acquisition costs (7,255,866 ) (7,267,847 ) Deferred sales inducements (567,015 ) (562,052 ) Other assets(1) 171,968 185,573 Policyholders’ account balances 4,986,354 5,004,112 Future policy benefits 3,619,334 3,376,048 Other liabilities(2) 653,666 621,856 (1) “Other assets” includes $0.1 million of unaffiliated activity as of both March 31, 2019 and December 31, 2018 . (2) “Other liabilities” includes $39 million and $27 million of unaffiliated activity as of March 31, 2019 and December 31, 2018 , respectively. The reinsurance recoverables by counterparty are broken out below: March 31, 2019 December 31, 2018 (in thousands) PAR U $ 11,680,401 $ 11,444,032 PALAC 9,622,605 8,828,190 PURC 4,211,368 4,127,455 PARCC 2,484,194 2,527,690 GUL Re 2,044,196 2,017,810 PAR Term 1,691,610 1,678,745 Prudential of Taiwan 1,424,669 1,414,669 Term Re 1,347,453 1,259,141 Prudential Insurance 1,355,025 1,226,917 DART 168,676 119,946 Unaffiliated 76,126 37,532 Total reinsurance recoverables $ 36,106,323 $ 34,682,127 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: Three Months Ended March 31, 2019 2018(8) (in thousands) Premiums: Direct $ 462,271 $ 441,955 Assumed(1) 54 60 Ceded(2) (448,331 ) (434,100 ) Net premiums 13,994 7,915 Policy charges and fee income: Direct 853,195 846,247 Assumed 126,959 121,709 Ceded(3) (840,965 ) (838,801 ) Net policy charges and fee income 139,189 129,155 Net investment income: Direct 94,558 79,149 Assumed 396 373 Ceded (1,704 ) (1,607 ) Net investment income 93,250 77,915 Asset administration fees: Direct 83,868 87,033 Assumed 0 0 Ceded (80,211 ) (83,560 ) Net asset administration fees 3,657 3,473 Other income: Direct 19,798 17,253 Assumed(4) (200 ) (90 ) Ceded (23 ) (52 ) Amortization of reinsurance income 1,382 2,185 Net other income 20,957 19,296 Realized investment gains (losses), net: Direct (635,511 ) 1,474,762 Assumed 0 0 Ceded(5) 586,876 (1,523,804 ) Realized investment gains (losses), net (48,635 ) (49,042 ) Policyholders’ benefits (including change in reserves): Direct 646,311 651,672 Assumed(6) 211,750 112,802 Ceded(7) (818,583 ) (712,738 ) Net policyholders’ benefits (including change in reserves) 39,478 51,736 Interest credited to policyholders’ account balances: Direct 94,691 124,734 Assumed 30,657 36,517 Ceded (81,151 ) (120,453 ) Net interest credited to policyholders’ account balances 44,197 40,798 Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization (344,015 ) (434,371 ) (1) "Premiums assumed" includes $0.1 million of unaffiliated activity for both the three months ended March 31, 2019 and 2018 . (2) "Premiums ceded" includes $(0.1) million and $0 million of unaffiliated activity for the three months ended March 31, 2019 , and 2018 respectively. (3) "Policy charges and fee income ceded" includes $(5) million and $(2) million of unaffiliated activity for the three months ended March 31, 2019 and 2018 , respectively. (4) "Other income assumed" includes $(0.2) million and $(0.1) million of unaffiliated activity for the three months ended March 31, 2019 and 2018 , respectively. (5) “Realized investment gains (losses), net ceded” includes $14 million and $(38) million of unaffiliated activity for the three months ended March 31, 2019 and 2018 , respectively. (6) "Policyholders' benefits (including change in reserves) assumed" includes $(0.2) million and $(0.1) million of unaffiliated activity for the three months ended March 31, 2019 and 2018 , respectively. (7) "Policyholders' benefits (including change in reserves) ceded" includes $(2) million of unaffiliated activity for both the three months ended March 31, 2019 and 2018 . (8) Prior period amounts in the table above have been revised to correct previously reported numbers. These prior period revisions have also been reflected in the Unaudited Interim Consolidated Financial Statements. See Note 11 for a more detailed description of the revision. The gross and net amounts of life insurance face amount in force as of March 31, 2019 and 2018 were as follows: 2019 2018 (in thousands) Direct gross life insurance face amount in force $ 951,643,226 $ 893,787,108 Assumed gross life insurance face amount in force 40,546,369 41,584,568 Reinsurance ceded (913,655,428 ) (864,942,222 ) Net life insurance face amount in force $ 78,534,167 $ 70,429,454 Information regarding significant affiliated reinsurance agreements 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 certain of its universal policies, with effective dates prior to January 1, 2011 . Effective July 1, 2012 , PLNJ reinsures an amount equal to 95% of all the risks associated with Universal Protector policies having no-lapse guarantees as well as certain of its universal policies, excluding those policies that are subject to principles-based reserving. On January 2, 2013 , Pruco Life began to assume Guaranteed Universal Life ("GUL") business from Prudential Insurance in connection with the acquisition of The Hartford Life Business. The GUL business assumed from Prudential Insurance was subsequently retroceded to PAR U. 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 the PLNJ business, which was reinsured to Prudential Insurance. This reinsurance agreement covers new and in force business and excludes business reinsured externally. 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 certain of its universal 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 certain of its universal 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. 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 certain of its universal policies, with effective dates on or after January 1, 2017 , excluding those policies that are subject to principles-based reserving. Effective July 1, 2017 , Pruco Life amended this agreement to include 30% of Universal Protector policies having no-lapse guarantees as well as certain of its universal policies with effective dates prior to January 1, 2014 . 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 Taiwanese branch, including its Taiwanese 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. 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 December 31, 2017 , through an automatic coinsurance agreement with Term Re. Prudential Insurance The Company has a yearly renewable term reinsurance agreement with Prudential Insurance and reinsures the majority of all mortality risks not otherwise reinsured. Effective July 1, 2017 , this agreement has been terminated for certain new business, primarily Universal Life insurance policies. Effective July 1, 2017 , the Company reinsures a portion of the mortality risk directly to third-party reinsurers and retains all of the non-reinsured portion of the mortality risk. On January 2, 2013 , Pruco Life began to assume GUL business from Prudential Insurance in connection with the acquisition of the Hartford Financial Services Group, Inc. ("Hartford Financial"). The GUL business assumed from Prudential Insurance was subsequently retroceded to PAR U. In May 2018, Hartford Financial sold a group of operating subsidiaries, which includes two of Prudential Insurance's counterparties to these reinsurance arrangements. There is no impact to the terms, rights or obligations of Prudential Insurance, or operation of these reinsurance arrangements, as a result of this change in control of such counterparties. Similarly, there is no impact to the Company's reinsurance arrangements with respect to such GUL business as a result of this change in control. 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. This reinsurance agreement covers new and in force business and excludes business reinsured externally. DART Effective January 1, 2018 , the Company entered into an automatic coinsurance agreement with DART to reinsure an amount equal to 95% of the risks associated with its term life insurance policies with effective dates on or after January 1, 2018 . Information regarding significant third-party reinsurance arrangements is described below. Union Hamilton Between April 1, 2015 and December 31, 2016 , the Company, excluding its subsidiaries, reinsured approximately 50% of the new business related to “highest daily” living benefits rider guarantees on HDI v.3.0 product, available with Prudential Premier ® Retirement Variable Annuity, to Union Hamilton. This reinsurance remains in force for the duration of the underlying annuity contracts. New sales of HDI v.3.0 subsequent to December 31, 2016 are not covered by this external reinsurance agreement. As of March 31, 2019 , $3.1 billion

Equity

Equity	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Equity	EQUITY Accumulated Other Comprehensive Income (Loss) AOCI represents the cumulative OCI items that are reported separate from net income and detailed on the Consolidated Statements of Comprehensive Income. The balance of and changes in each component of AOCI as of and for the three months ended March 31, 2019 and 2018 , 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, 2018 $ (17,448 ) $ (10,848 ) $ (28,296 ) Change in OCI before reclassifications 6,049 156,295 162,344 Amounts reclassified from AOCI 0 3,790 3,790 Income tax benefit (expense) (19 ) (33,614 ) (33,633 ) Balance, March 31, 2019 $ (11,418 ) $ 115,623 $ 104,205 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, 2017 $ (234 ) $ 165,580 $ 165,346 Change in OCI before reclassifications (923 ) (145,541 ) (146,464 ) Amounts reclassified from AOCI 0 490 490 Income tax benefit (expense) 194 30,506 30,700 Cumulative effect of adoption of ASU 2016-01 0 (1,539 ) (1,539 ) Cumulative effect of adoption of ASU 2018-02 (50 ) 30,449 30,399 Balance, March 31, 2018 $ (1,013 ) $ 79,945 $ 78,932 (1) Includes cash flow hedges of $15 million and $(18) million as of March 31, 2019 and December 31, 2018 , respectively, and $1 million and $41 million as of March 31, 2018 and December 31, 2017 , respectively . Reclassifications out of Accumulated Other Comprehensive Income (Loss) Three Months Ended March 31, 2019 2018 (in thousands) Amounts reclassified from AOCI (1)(2): Net unrealized investment gains (losses): Cash flow hedges - Currency/Interest rate(3) $ 394 $ 319 Net unrealized investment gains (losses) on available-for-sale securities (4,184 ) (809 ) Total net unrealized investment gains (losses)(4) (3,790 ) (490 ) Total reclassifications for the period $ (3,790 ) $ (490 ) (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 4 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 and other costs, future policy benefits, policyholders’ account balances and other liabilities. Net Unrealized Investment Gains (Losses) Net unrealized investment gains (losses) on securities classified as available-for-sale and certain other invested assets and other assets are included in the Company’s Unaudited Interim Consolidated Statements of Financial Position as a component of AOCI. Changes in these amounts include reclassification adjustments to exclude from OCI those items that are included as part of “Net income” for a period that had been part of OCI in earlier periods. The amounts for the periods indicated below, split between amounts related to fixed maturity securities on which an OTTI loss has been recognized, and all other net unrealized investment gains (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(2) Future Policy Benefits, Policyholders' Account Balances and Other Liabilities(3) Deferred Income Tax (Liability) Benefit Accumulated Other Comprehensive Income (Loss) Related To Net Unrealized Investment Gains (Losses) (in thousands) Balance, December 31, 2018 $ (689 ) $ (152 ) $ 37 $ (192 ) $ (996 ) Net investment gains (losses) on investments arising during the period 573 0 0 (120 ) 453 Reclassification adjustment for (gains) losses included in net income (85 ) 0 0 18 (67 ) Reclassification adjustment for OTTI (gains) losses excluded from net income(1) (207 ) 0 0 43 (164 ) Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs 0 110 0 (23 ) 87 Impact of net unrealized investment (gains) losses on future policy benefits, policyholders' account balances and other liabilities 0 0 (65 ) 14 (51 ) Balance, March 31, 2019 $ (408 ) $ (42 ) $ (28 ) $ (260 ) $ (738 ) (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) "Other costs" primarily includes reinsurance recoverables and deferred reinsurance losses. (3) "Other liabilities" primarily includes reinsurance payables. All Other Net Unrealized Investment Gains (Losses) in AOCI Net Unrealized Gains (Losses) on Investments(2) Deferred Policy Acquisition Costs and Other Costs(3) Future Policy Benefits, Policyholders' Account Balances and Other Liabilities(4) Deferred Income Tax (Liability) Benefit Accumulated Other Comprehensive Income (Loss) Related To Net Unrealized Investment Gains (Losses) (in thousands) Balance, December 31, 2018 $ (16,632 ) $ (65,743 ) $ 68,005 $ 4,518 $ (9,852 ) Net investment gains (losses) on investments arising during the period 174,288 0 0 (36,596 ) 137,692 Reclassification adjustment for (gains) losses included in net income 3,875 0 0 (814 ) 3,061 Reclassification adjustment for OTTI (gains) losses excluded from net income(1) 207 0 0 (43 ) 164 Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs 0 141,369 0 (29,684 ) 111,685 Impact of net unrealized investment (gains) losses on future policy benefits, policyholders' account balances and other liabilities 0 0 (159,980 ) 33,591 (126,389 ) Balance, March 31, 2019 $ 161,738 $ 75,626 $ (91,975 ) $ (29,028 ) $ 116,361 (1) Represents "transfers out" related to the portion of OTTI losses recognized during the period that were not recognized in earnings for securities with no prior OTTI loss. (2) Includes cash flow hedges. See Note 4 for information on cash flow hedges. (3) "Other costs" primarily includes reinsurance recoverables and deferred reinsurance losses. (4) "Other liabilities" primarily includes reinsurance payables.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2019
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-based awards program and a deferred compensation program issued by Prudential Financial. The expense charged to the Company for the stock-based awards program was $0.1 million and $0.2 million for the three months ended March 31, 2019 and 2018 , respectively. The expense charged to the Company for the deferred compensation program was $3 million and $2 million for the three months ended March 31, 2019 and 2018 , 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 $5 million and $6 million for the three months ended March 31, 2019 and 2018 , 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 $6 million and $7 million for the three months ended March 31, 2019 and 2018 , respectively. 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 $2 million and $3 million for the three months ended March 31, 2019 and 2018 , 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, Inc. (“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 $179 million and $175 million for the three months ended March 31, 2019 and 2018 , 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 $18 million for the three months ended March 31, 2019 and 2018 , 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 $4,014 million at March 31, 2019 and $3,631 million at December 31, 2018 . Fees related to these COLI policies were $13 million and $12 million for the three months ended March 31, 2019 and 2018 . The Company retains the majority of the mortality risk associated with these COLI policies up to $3.5 million per individual policy. 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 for both the three months ended March 31, 2019 and 2018 . These expenses are recorded as “Net investment income” in the Company's 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 4 for additional information. Joint Ventures The Company has made investments in joint ventures with certain subsidiaries of Prudential Financial. "Other invested assets" includes $96 million and $88 million as of March 31, 2019 and December 31, 2018 , respectively. "Net investment income" related to these ventures includes a gain of $5 million and $0.1 million for the three months ended March 31, 2019 and 2018 The Company has a revenue sharing agreement with AST Investment Services, Inc. ("ASTISI") and PGIM Investments LLC ("PGIM Investments") whereby the Company receives fee income based on policyholders' separate account balances invested in the Advanced Series Trust. Income received from ASTISI and PGIM Investments related to this agreement was $81 million and $84 million for the three months ended March 31, 2019 and 2018 , respectively. These revenues are recorded as “Asset administration fees” in the Company's Unaudited Interim Consolidated Statements of Operations and Comprehensive Income (Loss). The Company has a revenue sharing agreement with PGIM Investments, whereby the Company receives fee income based on policyholders' separate account balances invested in The Prudential Series Fund. Income received from PGIM Investments related to this agreement was $2 million for both the three months ended March 31, 2019 and 2018 . These revenues are recorded as “Asset administration fees” in the Company's Unaudited Interim Consolidated Statements Affiliated notes receivable included in “Receivables from parent and affiliates” at March 31, 2019 and December 31, 2018 were as follows: Maturity Dates Interest Rates March 31, 2019 December 31, 2018 (in thousands) U.S. dollar floating rate notes 2028 4.02% - 4.23 % $ 0 $ 6,502 U.S. dollar fixed rate notes 2020 - 2027 0.00% - 14.85 % 128,479 128,140 Total notes receivable - affiliated(1) $ 128,479 $ 134,642 (1) All notes receivable may be called for prepayment prior to the respective maturity dates under specified circumstances. The affiliated notes receivable shown above are classified as available-for-sale securities and other trading 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 $0.6 million and $1 million at March 31, 2019 and December 31, 2018 , respectively, and is included in “Other assets”. Revenues related to these assets were $1 million for both the three months ended March 31, 2019 and 2018 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, 2019 and for the year ended December 31, 2018 . Affiliate Date Transaction Security Type Fair Value Book Value APIC, Net of Tax Increase/(Decrease) Realized Investment Gain (Loss) (in thousands) DART January 2018 Purchase Other Invested Assets $ 21,457 $ 21,457 $ 0 $ 0 PALAC April 2018 Purchase Fixed Maturities $ 64,313 $ 64,313 $ 0 $ 0 GUL Re May 2018 Purchase Fixed Maturities $ 87,486 $ 87,486 $ 0 $ 0 GUL Re May 2018 Purchase Fixed Maturities $ 37,921 $ 37,921 $ 0 $ 0 Prudential Realty Securities, Inc. November 2018 Purchase Commercial Mortgages $ 3,259 $ 3,425 $ 0 $ (167 ) Prudential Insurance February 2019 Sale Commercial Mortgages $ 4,995 $ 5,000 $ (4 ) $ 0 Debt Agreements The Company is authorized to borrow funds up to $2.2 billion from affiliates to meet its capital and other funding needs. As of March 31, 2019 and December 31, 2018 , there was no debt outstanding. The total interest expense to the Company related to loans payable to affiliates was $0.2 million and $0.1 million for the three months ended March 31, 2019 and 2018 , respectively. Contributed Capital and Dividends Through March 2019, the Company did no t receive any capital contributions from Prudential Insurance. In March 2018, the Company received a capital contribution in the amount of $6 million from Prudential Insurance. Through March 2019, the Company did no t pay any dividends to Prudential Insurance. In 2018, the Company did no t pay any dividends. Reinsurance with Affiliates As discussed in Note 6

Commitments and Contingent Liab

Commitments and Contingent Liabilities	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	COMMITMENTS AND CONTINGENT LIABILITIES Commitments The Company has made commitments to fund commercial mortgage loans. As of March 31, 2019 and December 31, 2018 , the outstanding balances on these commitments were $40 million and $14 million , respectively. The Company also made commitments to purchase or fund investments, mostly private fixed maturities. As of March 31, 2019 and December 31, 2018 , $276 million and $257 million , respectively, of these commitments were outstanding. Guarantees In July 2017, the Company formed a joint venture with CT Corp to provide life insurance solutions in Indonesia. The Company owns a 49% interest in the joint venture and has entered into a shareholders agreement with CT Corp that sets out their respective rights and obligations with respect to the joint venture. Among other things, the shareholders agreement obligates the Company and CT Corp to provide capital to the joint venture, as necessary to comply with applicable law or to maintain a specified minimum amount of capital in the joint venture. This obligation is not limited to a maximum amount. The Company does not expect to make any payments on this guarantee and is not carrying any liabilities associated with the guarantee. Contingent Liabilities On an ongoing basis, the Company and its regulators review its operations including, but not limited to, sales and other customer interface procedures and practices, and procedures for meeting obligations to our customers and other parties. These reviews may result in the modification or enhancement of processes or the imposition of other action plans, including concerning management oversight, sales and other customer interface procedures and practices, and the timing or computation of payments to customers and other parties. In certain cases, if appropriate, the Company may offer customers or other parties remediation and may incur charges, including the cost 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. It is possible that the results of operations or the cash flows of the Company in a particular quarterly or annual period could be materially affected as a result of payments in connection with the matters discussed above or other matters depending, in part, upon the results of operations or cash flows for such period. Management believes, however, that ultimate payments in connection with these matters, after consideration of applicable reserves and rights to indemnification, should not have a material adverse effect on the Company’s financial position. Litigation and Regulatory Matters The Company is subject to legal and regulatory actions in the ordinary course of its business. Pending legal and regulatory actions include proceedings specific to the Company and proceedings generally applicable to business practices in the industry in which it operates. The Company is subject to class action lawsuits and other litigation involving a variety of issues and allegations involving sales practices, claims payments and procedures, premium charges, policy servicing and breach of fiduciary duty to customers. The Company is also subject to litigation arising out of its general business activities, such as its investments, contracts, leases and labor and employment relationships, including claims of discrimination and harassment, and could be exposed to claims or litigation concerning certain business or process patents. In addition, the Company, along with other participants in the businesses in which it engages, may be subject from time to time to investigations, examinations and inquiries, in some cases industry-wide, concerning issues or matters upon which such regulators have determined to focus. In some of the Company’s pending legal and regulatory actions, parties are seeking large and/or indeterminate amounts, including punitive or exemplary damages. The outcome of litigation or a regulatory matter, and the amount or range of potential loss at any particular time, is often inherently uncertain. The Company establishes accruals for litigation and regulatory matters when it is probable that a loss has been incurred and the amount of that loss can be reasonably estimated. For litigation and regulatory matters where a loss may be reasonably possible, but not probable, or is probable but not reasonably estimable, no accrual is established, but the matter, if material, is disclosed. The Company estimates that as of March 31, 2019 , 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 $100 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. The following discussion of litigation and regulatory matters provides an update of those matters discussed in Note 14 to the Company’s Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 , and should be read in conjunction with the complete descriptions provided in the Form 10-K. Securities Lending and Foreign Tax Reclaim Matter In 2016, Prudential Financial self-reported to the SEC and the U.S. Department of Labor ("DOL"), and notified other regulators, that in some cases it failed to maximize securities lending income for the benefit of certain separate account investments due to a long-standing restriction benefiting Prudential Financial that limited the availability of loanable securities. Prudential Financial has removed the restriction and implemented a remediation plan for the benefit of customers. As part of Prudential Financial’s review of this matter, in 2018 it further self-reported to the SEC, and notified other regulators, that in some cases it failed to timely process foreign tax reclaims for the separate account investments. Prudential Financial has corrected the foreign tax reclaim process and has implemented a remediation plan for the benefit of customers. The DOL’s review of the securities lending matter is closed. Prudential Financial is cooperating with the SEC in its review of the securities lending and foreign tax reclaim matters (which includes a review of the remediation plans) and has entered into discussions with the SEC staff regarding a possible settlement of both matters that would potentially involve charges under the Investment Advisers Act and financial remedies. Prudential Financial cannot predict the outcome of the discussions with the SEC regarding these matters. Summary

Revision to Prior Year Informat

Revision to Prior Year Information	3 Months Ended
	Mar. 31, 2019
Prior Period Adjustment [Abstract]
Revision to Prior Year Information	REVISION TO PRIOR YEAR INFORMATION Revisions to 2018 Consolidated Financial Statements In 2018, the Company identified an error in the calculation of reserves for certain individual life products that impacted several line items within previously issued consolidated financial statements. Prior period amounts have been revised in the financial statements and related disclosures to correct this error as shown below. Management evaluated these adjustments and concluded they were not material to any previously reported quarterly or annual financial statements. Management assessed the materiality of the misstatement described above on prior period financial statements in accordance with SEC SAB No. 99, Materiality, codified in 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, 2018 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) Three Months Ended March 31, 2018 As Previously Reported Revision As Revised (in thousands) REVENUES Policy charges and fee income $ 125,896 $ 3,259 $ 129,155 TOTAL REVENUES 185,453 3,259 188,712 BENEFITS AND EXPENSES Policyholders' benefits 48,955 2,781 51,736 Amortization of deferred policy acquisition costs 26,604 (459 ) 26,145 TOTAL BENEFITS AND EXPENSES 177,147 2,322 179,469 INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURE 8,306 937 9,243 Income tax expense (benefit) (2,448 ) (251 ) (2,699 ) INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE 10,754 1,188 11,942 NET INCOME (LOSS) $ 10,116 $ 1,188 $ 11,304 COMPREHENSIVE INCOME (LOSS) $ (105,158 ) $ 1,188 $ (103,970 ) Consolidated Statements of Equity Retained Earnings Total Equity As Previously Reported Revision As Revised As Previously Reported Revision As Revised (in thousands) Balance, December 31, 2017 $ 1,511,698 $ 14,612 $ 1,526,310 $ 2,820,636 $ 14,612 $ 2,835,248 Comprehensive income (loss): Net income (loss) 10,116 1,188 11,304 10,116 1,188 11,304 Total comprehensive income (loss) (105,158 ) 1,188 (103,970 ) Balance, March 31, 2018 $ 1,499,351 $ 15,800 $ 1,515,151 $ 2,727,375 $ 15,800 $ 2,743,175 Consolidated Statements of Cash Flows Three Months Ended March 31, 2018 As Previously Reported Revision As Revised (in thousands) CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES: Net income (loss) $ 10,116 $ 1,188 $ 11,304 Policy charges and fee income (24,173 ) 476 (23,697 ) Future policy benefits 511,380 (2,968 ) 508,412 Reinsurance recoverables (430,215 ) 5,748 (424,467 ) Deferred policy acquisition costs (45,184 ) (458 ) (45,642 ) Income taxes (2,651 ) (251 ) (2,902 ) Other, net (93,619 ) (3,735 ) (97,354 ) Cash flows from (used in) operating activities (7,769 ) 0 (7,769 )

Significant Accounting Polici_2

Significant Accounting Policies and Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2019
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, 2018
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.
Reclassifications	Reclassifications
Adoption of New Accounting 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. ASU adopted during the three months ended March 31, 2019 . 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 which included cumulative-effect adjustment on the balance sheet as of the beginning of the fiscal year of adoption. Adoption of the ASU did not have a significant impact on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements. The impact of the cumulative-effect adjustment to retained earnings was immaterial. ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities This ASU makes targeted changes to the existing hedge accounting model to better portray the economics of an entity’s risk management activities and to simplify the use of hedge accounting. The ASU eliminates separate measurement and recording of hedge ineffectiveness. It requires entities to present the earnings effect of the hedging instrument in the same income statement line item in which the hedged item is reported and also requires expanded disclosures. January 1, 2019 using the modified retrospective method which included cumulative-effect adjustment on the balance sheet as of the beginning of the fiscal year of adoption. Adoption of the ASU did not have a significant impact on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements. The impact of the cumulative-effect adjustment to retained earnings and accumulated other comprehensive income (loss) ("AOCI") related to ineffectiveness of the hedge instruments outstanding at the date of the adoption was immaterial. See Note 4 for additional required disclosures.
Future Adoption Of New Accounting Pronouncements	ASU issued but not yet adopted as of March 31, 2019 — ASU 2018-12 ASU 2018-12, Financial Services - Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts, was issued by the FASB on August 15, 2018 and is expected to have a significant impact on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements. The ASU is effective January 1, 2021 (with early adoption permitted), and will impact, at least to some extent, the accounting and disclosure requirements for all long-duration insurance and investment contracts issued by the Company. Outlined below are four key areas of change, although there are other changes not noted below. In addition to the impacts to the balance sheet upon adoption, the Company also expects an impact to how earnings emerge thereafter. ASU 2018-12 Amended Topic Description Method of adoption Effect on the financial statements or other significant matters Cash flow assumptions used to measure the liability for future policy benefits for non-participating traditional and limited-pay insurance products Requires an entity to review, and if necessary, update the cash flow assumptions used to measure the liability for future policy benefits, for both changes in future assumptions and actual experience, at least annually using a retrospective update method with a cumulative catch-up adjustment recorded in a separate line item in the Consolidated Statements of Operations. An entity may choose one of two adoption methods for the liability for future policy benefits: (1) a modified retrospective transition method whereby the entity will apply the amendments to contracts in force as of the beginning of the earliest period presented on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in AOCI or (2) a full retrospective transition method. The options for method of adoption and the impacts of such methods are under assessment. Discount rate assumption used to measure the liability for future policy benefits for non-participating traditional and limited-pay insurance products Requires discount rate assumptions to be based on an upper-medium grade fixed income instrument yield and will be required to be updated each quarter with the impact recorded through Other Comprehensive Income ("OCI"). As noted above, an entity may choose either a modified retrospective transition method or full retrospective transition method for the liability for future policy benefits. Under either method, for balance sheet remeasurement purposes, the liability for future policy benefits will be remeasured using current discount rates as of the beginning of the earliest period presented with the impact recorded as a cumulative effect adjustment to AOCI. Upon adoption, under either transition method, there will be an adjustment to AOCI as a result of remeasuring in force contract liabilities using current upper-medium grade fixed income instrument yields. The adjustment upon adoption will largely reflect the difference between the discount rate locked-in at contract inception versus current discount rates at transition. The magnitude of such adjustment is currently being assessed. Amortization of DAC and other balances Requires DAC and other balances, such as unearned revenue reserves and DSI, to be amortized on a constant level basis over the expected term of the related contract, independent of expected profitability. An entity may apply one of two adoption methods: (1) a modified retrospective transition method whereby the entity will apply the amendments to contracts in force as of the beginning of the earliest period presented on the basis of their existing carrying amounts, adjusted for the removal of any related amounts in AOCI or (2) if an entity chooses a full retrospective transition method for its future policy benefits, as described above, it is required to also use a retrospective transition method for DAC and other balances. The options for method of adoption and the impacts of such methods are under assessment. Under the modified retrospective transition method, the Company would not expect a significant impact to the balance sheet, other than the impact of the removal of any related amounts in AOCI. Market Risk Benefits Requires an entity to measure all market risk benefits (e.g., living benefit and death benefit guarantees associated with variable annuities) at fair value with changes in value attributable to changes in an entity’s non-performance risk ("NPR") to be recognized in OCI. An entity will apply a retrospective transition method which will include a cumulative-effect adjustment on the balance sheet as of the earliest period presented. Upon adoption, the Company expects an impact to retained earnings for the difference between the fair value and carrying value of benefits not currently measured at fair value (e.g., guaranteed minimum death benefits on variable annuities) and an impact from reclassifying the cumulative effect of changes in NPR from retained earnings to AOCI. The magnitude of such adjustments is currently being assessed. Other ASU issued but not yet adopted as of March 31, 2019 Standard Description Effective date and method of adoption Effect on the financial statements or other significant matters ASU 2016-13 , Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments 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 which will include a cumulative-effect adjustment on the balance sheet as of the beginning of the fiscal year of adoption. 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 does not plan to early adopt this ASU and is currently assessing its impact on the Company’s Consolidated Financial Statements and Notes to the Consolidated Financial Statements.

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2019
Investments [Abstract]
Fixed Maturities, Available-for-sale Securities	The following tables set forth the composition of fixed maturity securities (excluding investments classified as trading), as of the dates indicated: March 31, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value OTTI in AOCI(3) (in thousands) Fixed maturities, available-for-sale: U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 77,354 $ 2,645 $ 0 $ 79,999 $ 0 Obligations of U.S. states and their political subdivisions 608,071 31,553 18 639,606 0 Foreign government bonds 209,128 8,172 2,488 214,812 0 U.S. public corporate securities 1,926,382 96,244 17,364 2,005,262 0 U.S. private corporate securities 890,441 19,701 9,185 900,957 0 Foreign public corporate securities 289,697 10,112 3,953 295,856 0 Foreign private corporate securities 885,807 19,955 25,216 880,546 0 Asset-backed securities(1) 148,802 1,462 531 149,733 (85 ) Commercial mortgage-backed securities 345,909 7,239 1,379 351,769 0 Residential mortgage-backed securities(2) 86,570 1,482 383 87,669 (172 ) Total fixed maturities, available-for-sale $ 5,468,161 $ 198,565 $ 60,517 $ 5,606,209 $ (257 ) (1) Includes credit-tranched securities collateralized by loan obligations, sub-prime mortgages, auto loans, education loans and other asset types. (2) Includes publicly-traded agency pass-through securities and collateralized mortgage obligations. (3) Represents the amount of unrealized losses remaining in AOCI, from the impairment measurement date. Amount excludes $0.2 million of net unrealized losses on impaired available-for-sale securities relating to changes in the value of such securities subsequent to the impairment measurement date. December 31, 2018 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 $ 75,049 $ 2,427 $ 6 $ 77,470 $ 0 Obligations of U.S. states and their political subdivisions 609,955 15,154 2,351 622,758 0 Foreign government bonds 208,009 2,137 8,199 201,947 0 U.S. public corporate securities 1,739,860 46,166 54,401 1,731,625 0 U.S. private corporate securities 890,748 11,181 18,591 883,338 0 Foreign public corporate securities 270,428 3,746 12,151 262,023 0 Foreign private corporate securities 857,604 9,797 40,022 827,379 0 Asset-backed securities(1) 156,818 1,528 750 157,596 (122 ) Commercial mortgage-backed securities 347,570 3,353 4,527 346,396 0 Residential mortgage-backed securities(2) 88,862 1,268 1,067 89,063 (177 ) Total fixed maturities, available-for-sale $ 5,244,903 $ 96,757 $ 142,065 $ 5,199,595 $ (299 ) (1) Includes credit-tranched securities collateralized by loan obligations, 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 unrealized losses remaining in AOCI, from the impairment measurement date. Amount excludes $0.4 million
Duration Of Gross Unrealized Losses On Fixed Maturity Securities	The following tables set forth the fair value and gross unrealized losses aggregated by investment category and length of time that individual fixed maturity securities had been in a continuous unrealized loss position, as of the dates indicated: March 31, 2019 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 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Obligations of U.S. states and their political subdivisions 0 0 6,771 18 6,771 18 Foreign government bonds 4,181 28 71,392 2,460 75,573 2,488 U.S. public corporate securities 110,017 2,347 330,357 15,017 440,374 17,364 U.S. private corporate securities 54,835 4,183 194,614 5,002 249,449 9,185 Foreign public corporate securities 7,508 93 83,890 3,860 91,398 3,953 Foreign private corporate securities 114,485 3,592 228,928 21,624 343,413 25,216 Asset-backed securities 98,426 473 10,015 58 108,441 531 Commercial mortgage-backed securities 0 0 110,228 1,379 110,228 1,379 Residential mortgage-backed securities 186 1 28,181 382 28,367 383 Total fixed maturities, available-for-sale $ 389,638 $ 10,717 $ 1,064,376 $ 49,800 $ 1,454,014 $ 60,517 December 31, 2018 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 $ 0 $ 0 $ 630 $ 6 $ 630 $ 6 Obligations of U.S. states and their political subdivisions 124,776 1,571 31,215 780 155,991 2,351 Foreign government bonds 77,055 3,184 59,700 5,015 136,755 8,199 U.S. public corporate securities 784,916 37,635 213,147 16,766 998,063 54,401 U.S. private corporate securities 263,934 9,159 287,031 9,432 550,965 18,591 Foreign public corporate securities 124,764 6,286 72,725 5,865 197,489 12,151 Foreign private corporate securities 424,921 22,605 127,201 17,417 552,122 40,022 Asset-backed securities 112,527 650 6,523 100 119,050 750 Commercial mortgage-backed securities 49,616 434 116,786 4,093 166,402 4,527 Residential mortgage-backed securities 34,249 240 32,432 827 66,681 1,067 Total fixed maturities, available-for-sale $ 1,996,758 $ 81,764 $ 947,390 $ 60,301 $ 2,944,148 $ 142,065
Fixed Maturities 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, 2019 Amortized Cost Fair Value (in thousands) Fixed maturities, available-for-sale: Due in one year or less $ 206,941 $ 208,192 Due after one year through five years 705,933 703,752 Due after five years through ten years 993,523 1,008,175 Due after ten years 2,980,483 3,096,919 Asset-backed securities 148,802 149,733 Commercial mortgage-backed securities 345,909 351,769 Residential mortgage-backed securities 86,570 87,669 Total fixed maturities, available-for-sale $ 5,468,161 $ 5,606,209
Sources of Fixed Maturity Proceeds, Realized Investment Gains (Losses), and Losses on Impairments	The following table sets forth the sources of fixed maturity proceeds and related investment gains (losses), as well as losses on impairments of fixed maturities, for the periods indicated: Three Months Ended March 31, 2019 2018 (in thousands) Fixed maturities, available-for-sale: Proceeds from sales(1) $ 24,787 $ 16,852 Proceeds from maturities/prepayments 52,875 54,310 Gross investment gains from sales and maturities 949 144 Gross investment losses from sales and maturities (1,970 ) (359 ) OTTI recognized in earnings(2) (3,163 ) (594 ) (1) Includes $6.9 million and $1.8 million of non-cash related proceeds due to the timing of trade settlements for the three months ended March 31, 2019 and 2018 , respectively. (2)
Credit Losses Recognized in Earnings on Fixed Maturity Securities Held by the Company for which a Portion of the OTTI Loss was Recognized in OCI	The following table sets forth a rollforward of pre-tax amounts remaining in OCI related to fixed maturity securities with credit loss impairments recognized in earnings, for the periods indicated: Three Months Ended March 31, 2019 2018 (in thousands) Credit loss impairments: Balance, beginning of period $ 1,291 $ 4,374 New credit loss impairments 3,022 0 Increases due to the passage of time on previously recorded credit losses 10 37 Reductions for securities which matured, paid down, prepaid or were sold during the period (593 ) (42 ) Accretion of credit loss impairments previously recognized due to an increase in cash flows expected to be collected (120 ) (25 ) Balance, end of period $ 3,610 $ 4,344
Commercial Mortgage and Other Loans	The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated: March 31, 2019 December 31, 2018 Amount (in thousands) % of Total Amount (in thousands) % of Total Commercial mortgage and agricultural property loans by property type: Apartments/Multi-Family $ 356,454 29.3 % $ 362,811 29.9 % Hospitality 15,969 1.3 16,083 1.3 Industrial 271,953 22.5 263,999 21.8 Office 191,236 15.7 187,450 15.5 Other 131,850 10.9 131,961 10.9 Retail 192,381 15.8 193,473 16.0 Total commercial mortgage loans 1,159,843 95.5 1,155,777 95.4 Agricultural property loans 54,833 4.5 55,438 4.6 Total commercial mortgage and agricultural property loans by property type 1,214,676 100.0 % 1,211,215 100.0 % Allowance for credit losses (2,058 ) (2,065 ) Total commercial mortgage and other loans $ 1,212,618 $ 1,209,150
Allowance for Credit Losses	The following table sets forth the activity in the allowance for credit losses for commercial mortgage and other loans, as of the dates indicated: Commercial Mortgage Loans Agricultural Property Loans Total (in thousands) Balance at December 31, 2017 $ 1,728 $ 66 $ 1,794 Addition to (release of) allowance for credit losses 298 (27 ) 271 Charge-offs, net of recoveries 0 0 0 Balance at December 31, 2018 2,026 39 2,065 Addition to (release of) allowance for credit losses (10 ) 3 (7 ) Charge-offs, net of recoveries 0 0 0 Balance at March 31, 2019 $ 2,016 $ 42 $ 2,058
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, 2019 Commercial Mortgage Loans Agricultural Property Loans Total (in thousands) Allowance for credit losses: Individually evaluated for impairment $ 0 $ 0 $ 0 Collectively evaluated for impairment 2,016 42 2,058 Total ending balance(1) $ 2,016 $ 42 $ 2,058 Recorded investment(2): Individually evaluated for impairment $ 0 $ 0 $ 0 Collectively evaluated for impairment 1,159,843 54,833 1,214,676 Total ending balance(1) $ 1,159,843 $ 54,833 $ 1,214,676 (1) As of March 31, 2019 , there were no loans acquired with deteriorated credit quality. (2) Recorded investment reflects the carrying value gross of related allowance. December 31, 2018 Commercial Mortgage Loans Agricultural Property Loans Total (in thousands) Allowance for credit losses: Individually evaluated for impairment $ 0 $ 0 $ 0 Collectively evaluated for impairment 2,026 39 2,065 Total ending balance(1) $ 2,026 $ 39 $ 2,065 Recorded investment(2): Individually evaluated for impairment $ 0 $ 816 $ 816 Collectively evaluated for impairment 1,155,777 54,622 1,210,399 Total ending balance(1) $ 1,155,777 $ 55,438 $ 1,211,215 (1) As of December 31, 2018 , there were no loans acquired with deteriorated credit quality. (2)
Financing Receivable 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: March 31, 2019 Debt Service Coverage Ratio ≥ 1.2X 1.0X to < 1.2X < 1.0X Total (in thousands) Loan-to-Value Ratio: 0%-59.99% $ 698,110 $ 14,468 $ 0 $ 712,578 60%-69.99% 316,532 16,469 0 333,001 70%-79.99% 114,257 27,612 0 141,869 80% or greater 27,000 0 228 27,228 Total commercial mortgage and agricultural property loans $ 1,155,899 $ 58,549 $ 228 $ 1,214,676 December 31, 2018 Debt Service Coverage Ratio ≥ 1.2X 1.0X to < 1.2X < 1.0X Total (in thousands) Loan-to-Value Ratio: 0%-59.99% $ 696,507 $ 12,771 $ 80 $ 709,358 60%-69.99% 321,586 18,525 0 340,111 70%-79.99% 105,727 27,790 0 133,517 80% or greater 28,000 229 0 28,229 Total commercial mortgage and agricultural property loans $ 1,151,820 $ 59,315 $ 80 $ 1,211,215
Aging of Past Due Commercial Mortgage and Other Loans and Nonaccrual Status	The following tables set forth an 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, 2019 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 $ 1,159,843 $ 0 $ 0 $ 0 $ 1,159,843 $ 0 Agricultural property loans 54,833 0 0 0 54,833 0 Total $ 1,214,676 $ 0 $ 0 $ 0 $ 1,214,676 $ 0 (1) As of March 31, 2019 , there were no loans in this category accruing interest. (2) For additional information regarding 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, 2018 . December 31, 2018 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 $ 1,155,777 $ 0 $ 0 $ 0 $ 1,155,777 $ 0 Agricultural property loans 55,438 0 0 0 55,438 0 Total $ 1,211,215 $ 0 $ 0 $ 0 $ 1,211,215 $ 0 (1) As of December 31, 2018 , there were no loans in this category accruing interest. (2) For additional information regarding 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, 2018
Other Invested Assets	The following table sets forth the composition of “Other invested assets,” as of the dates indicated: March 31, 2019 December 31, 2018 (in thousands) Company’s investment in separate accounts $ 41,577 $ 40,126 LPs/LLCs: Equity method: Private equity 158,754 149,164 Hedge funds 59,513 57,171 Real estate-related 10,335 10,251 Subtotal equity method 228,602 216,586 Fair value: Private equity 61,817 60,118 Hedge funds 769 762 Real estate-related 10,055 9,024 Subtotal fair value 72,641 69,904 Total LPs/LLCs 301,243 286,490 Derivative instruments 15,468 50,813 Total other invested assets $ 358,288 $ 377,429
Net Investment Income	The following table sets forth “Net investment income” by investment type, for the periods indicated: Three Months Ended March 31, 2019 2018 (in thousands) Fixed maturities, available-for-sale $ 56,266 $ 53,260 Fixed maturities, trading 308 266 Equity securities, at fair value 221 221 Commercial mortgage and other loans 12,491 12,405 Policy loans 16,199 15,904 Short-term investments and cash equivalents 2,311 323 Other invested assets 9,911 115 Gross investment income 97,707 82,494 Less: investment expenses (4,457 ) (4,579 ) Net investment income $ 93,250 $ 77,915
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, 2019 2018 (in thousands) Fixed maturities(1) $ (4,184 ) $ (809 ) Commercial mortgage and other loans 7 131 LPs/LLCs 12 847 Derivatives (44,477 ) (49,193 ) Short-term investments and cash equivalents 7 (18 ) Realized investment gains (losses), net $ (48,635 ) $ (49,042 ) (1) Includes fixed maturity securities classified as available-for-sale and excludes fixed maturity securities classified as trading.
Unrealized Gains and (Losses) on Investments	The following table sets forth net unrealized gains (losses) on investments, as of the dates indicated: March 31, 2019 December 31, 2018 (in thousands) Fixed maturity securities, available-for-sale—with OTTI $ (408 ) $ (689 ) Fixed maturity securities, available-for-sale—all other 138,456 (44,619 ) Derivatives designated as cash flow hedges(1) 15,441 22,122 Affiliated notes 2,899 810 Other investments 4,942 5,055 Net unrealized gains (losses) on investments $ 161,330 $ (17,321 ) (1) For more information on cash flow hedges, see Note 4
Repurchase Agreements and Securities Lending	The following table sets forth the composition of “Cash collateral for loaned securities,” which represents the liability to return cash collateral received for the following types of securities loaned, as of the dates indicated: March 31, 2019 December 31, 2018 Remaining Contractual Maturities of the Agreements Remaining Contractual Maturities of the Agreements Overnight & Continuous Up to 30 Days Total Overnight & Continuous Up to 30 Days Total (in thousands) U.S. Treasury securities and obligations of U.S. government authorities and agencies $ 3,109 $ 0 $ 3,109 $ 8,169 $ 0 $ 8,169 Foreign government bonds 2,121 0 2,121 0 0 0 U.S. public corporate securities 2,745 0 2,745 628 0 628 Foreign public corporate securities 2,359 0 2,359 2,266 0 2,266 Total cash collateral for loaned securities(1) $ 10,334 $ 0 $ 10,334 $ 11,063 $ 0 $ 11,063 (1)

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2019
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 risks, excluding embedded derivatives and associated reinsurance recoverables. Many derivative instruments contain multiple underlying risks. 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, and NPR. March 31, 2019 December 31, 2018 Primary Underlying Risk/Instrument Type Gross Fair Value Gross Fair Value Notional Assets Liabilities Notional Assets Liabilities (in thousands) Derivatives Designated as Hedge Accounting Instruments: Currency/Interest Rate Foreign Currency Swaps $ 738,998 $ 33,171 $ (19,619 ) $ 719,476 $ 38,333 $ (16,638 ) Total Derivatives Designated as Hedge Accounting Instruments $ 738,998 $ 33,171 $ (19,619 ) $ 719,476 $ 38,333 $ (16,638 ) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate Interest Rate Swaps $ 246,925 $ 20,945 $ 0 $ 246,925 $ 15,665 $ (3,174 ) Foreign Currency Foreign Currency Forwards 23,318 331 (38 ) 23,043 277 (20 ) Credit Credit Default Swaps 0 0 0 756 0 (9 ) Currency/Interest Rate Foreign Currency Swaps 113,062 5,987 (1,035 ) 98,363 6,303 (2,109 ) Equity Equity Options 2,123,153 70,934 (19,071 ) 1,981,693 17,312 (4,912 ) Total Derivatives Not Qualifying as Hedge Accounting Instruments $ 2,506,458 $ 98,197 $ (20,144 ) $ 2,350,780 $ 39,557 $ (10,224 ) Total Derivatives(1)(2) $ 3,245,456 $ 131,368 $ (39,763 ) $ 3,070,256 $ 77,890 $ (26,862 ) (1) Excludes embedded derivatives and associated reinsurance recoverables which contain multiple underlying risks. (2)
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, 2019 Gross Amounts of Recognized Financial Instruments Gross Amounts Offset in the Consolidated Statements of Financial Position Net Amounts Financial Instruments/ Collateral (1) Net Amount (in thousands) Offsetting of Financial Assets: Derivatives(1) $ 131,365 $ (115,900 ) $ 15,465 $ (12,809 ) $ 2,656 Securities purchased under agreements to resell 0 0 0 0 0 Total Assets $ 131,365 $ (115,900 ) $ 15,465 $ (12,809 ) $ 2,656 Offsetting of Financial Liabilities: Derivatives(1) $ 39,763 $ (39,763 ) $ 0 $ 0 $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 39,763 $ (39,763 ) $ 0 $ 0 $ 0 December 31, 2018 Gross Amounts of Recognized Financial Instruments Gross Amounts Offset in the Consolidated Statements of Financial Position Net Amounts Presented in the Consolidated Statements of Financial Position Financial Net Amount (in thousands) Offsetting of Financial Assets: Derivatives(1) $ 77,887 $ (27,078 ) $ 50,809 $ (7,307 ) $ 43,502 Securities purchased under agreements to resell 143,000 0 143,000 (143,000 ) 0 Total Assets $ 220,887 $ (27,078 ) $ 193,809 $ (150,307 ) $ 43,502 Offsetting of Financial Liabilities: Derivatives(1) $ 26,862 $ (26,862 ) $ 0 $ 0 $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 26,862 $ (26,862 ) $ 0 $ 0 $ 0 (1)
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, 2019 Gross Amounts of Recognized Financial Instruments Gross Amounts Offset in the Consolidated Statements of Financial Position Net Amounts Financial Instruments/ Collateral (1) Net Amount (in thousands) Offsetting of Financial Assets: Derivatives(1) $ 131,365 $ (115,900 ) $ 15,465 $ (12,809 ) $ 2,656 Securities purchased under agreements to resell 0 0 0 0 0 Total Assets $ 131,365 $ (115,900 ) $ 15,465 $ (12,809 ) $ 2,656 Offsetting of Financial Liabilities: Derivatives(1) $ 39,763 $ (39,763 ) $ 0 $ 0 $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 39,763 $ (39,763 ) $ 0 $ 0 $ 0 December 31, 2018 Gross Amounts of Recognized Financial Instruments Gross Amounts Offset in the Consolidated Statements of Financial Position Net Amounts Presented in the Consolidated Statements of Financial Position Financial Net Amount (in thousands) Offsetting of Financial Assets: Derivatives(1) $ 77,887 $ (27,078 ) $ 50,809 $ (7,307 ) $ 43,502 Securities purchased under agreements to resell 143,000 0 143,000 (143,000 ) 0 Total Assets $ 220,887 $ (27,078 ) $ 193,809 $ (150,307 ) $ 43,502 Offsetting of Financial Liabilities: Derivatives(1) $ 26,862 $ (26,862 ) $ 0 $ 0 $ 0 Securities sold under agreements to repurchase 0 0 0 0 0 Total Liabilities $ 26,862 $ (26,862 ) $ 0 $ 0 $ 0 (1)
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, 2019 Realized Net Other AOCI(1) (in thousands) Derivatives Designated as Hedge Accounting Instruments: Cash flow hedges Currency/Interest Rate $ (160 ) $ 2,069 $ (1,515 ) $ (6,654 ) Total cash flow hedges (160 ) 2,069 (1,515 ) (6,654 ) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate 7,616 0 0 0 Currency (20 ) 0 0 0 Currency/Interest Rate 1,430 0 1 0 Credit (1 ) 0 0 0 Equity 28,863 0 0 0 Embedded Derivatives (82,205 ) 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments (44,317 ) 0 1 0 Total $ (44,477 ) $ 2,069 $ (1,514 ) $ (6,654 ) Three Months Ended March 31, 2018(2) 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 $ (517 ) $ 1,538 $ (664 ) $ (22,862 ) Total cash flow hedges (517 ) 1,538 (664 ) (22,862 ) Derivatives Not Qualifying as Hedge Accounting Instruments: Interest Rate (9,401 ) 0 0 0 Currency (556 ) 0 0 0 Currency/Interest Rate (3,334 ) 0 (23 ) 0 Credit (1 ) 0 0 0 Equity (4,757 ) 0 0 0 Embedded Derivatives (30,627 ) 0 0 0 Total Derivatives Not Qualifying as Hedge Accounting Instruments (48,676 ) 0 (23 ) 0 Total $ (49,193 ) $ 1,538 $ (687 ) $ (22,862 ) (1) Net change in AOCI. (2) Prior period amounts have been updated to conform to current period presentation.
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 AOCI before taxes: (in thousands) Balance, December 31, 2018 $ 22,122 Cumulative-effect adjustment from the adoption of ASU 2017-12(1) (27 ) Amount recorded in AOCI Currency/Interest Rate (6,260 ) Total amount recorded in AOCI (6,260 ) Amount reclassified from AOCI to income Currency/Interest Rate (394 ) Total amount reclassified from AOCI to income (394 ) Balance, March 31, 2019 $ 15,441 (1)

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2019
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, 2019 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 $ 47,811 $ 32,188 $ 0 $ 79,999 Obligations of U.S. states and their political subdivisions 0 639,606 0 0 639,606 Foreign government bonds 0 214,648 164 0 214,812 U.S. corporate public securities 0 2,005,259 3 0 2,005,262 U.S. corporate private securities 0 857,453 43,504 0 900,957 Foreign corporate public securities 0 295,645 211 0 295,856 Foreign corporate private securities 0 869,304 11,242 0 880,546 Asset-backed securities(2) 0 147,000 2,733 0 149,733 Commercial mortgage-backed securities 0 274,698 77,071 0 351,769 Residential mortgage-backed securities 0 87,669 0 0 87,669 Subtotal 0 5,439,093 167,116 0 5,606,209 Fixed maturities, trading 0 43,000 0 0 43,000 Equity securities 140 18,616 15,991 0 34,747 Cash equivalents 104,949 250,219 0 0 355,168 Other invested assets(3) 0 131,364 4 (115,900 ) 15,468 Reinsurance recoverables 0 0 6,468,704 0 6,468,704 Receivables from parent and affiliates 0 120,687 7,792 0 128,479 Subtotal excluding separate account assets 105,089 6,002,979 6,659,607 (115,900 ) 12,651,775 Separate account assets(4)(5) 0 124,615,650 0 0 124,615,650 Total assets $ 105,089 $ 130,618,629 $ 6,659,607 $ (115,900 ) $ 137,267,425 Future policy benefits(6) $ 0 $ 0 $ 6,459,377 $ 0 $ 6,459,377 Policyholders' account balances 0 0 53,136 0 53,136 Payables to parent and affiliates 0 39,763 0 (39,763 ) 0 Total liabilities $ 0 $ 39,763 $ 6,512,513 $ (39,763 ) $ 6,512,513 As of December 31, 2018 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 $ 47,654 $ 29,816 $ 0 $ 77,470 Obligations of U.S. states and their political subdivisions 0 622,758 0 0 622,758 Foreign government bonds 0 201,947 0 0 201,947 U.S. corporate public securities 0 1,731,623 2 0 1,731,625 U.S. corporate private securities 0 838,497 44,841 0 883,338 Foreign corporate public securities 0 262,023 0 0 262,023 Foreign corporate private securities 0 815,634 11,745 0 827,379 Asset-backed securities(2) 0 151,040 6,556 0 157,596 Commercial mortgage-backed securities 0 346,396 0 0 346,396 Residential mortgage-backed securities 0 89,063 0 0 89,063 Subtotal 0 5,106,635 92,960 0 5,199,595 Fixed maturities, trading 0 41,627 0 0 41,627 Equity securities 131 20,794 15,997 0 36,922 Cash equivalents 69,903 147,043 0 0 216,946 Other invested assets(3) 0 77,886 4 (27,078 ) 50,812 Reinsurance recoverables 0 0 5,600,008 0 5,600,008 Receivables from parent and affiliates 0 125,381 9,261 0 134,642 Subtotal excluding separate account assets 70,034 5,519,366 5,718,230 (27,078 ) 11,280,552 Separate account assets(4)(5) 0 114,947,872 0 0 114,947,872 Total assets $ 70,034 $ 120,467,238 $ 5,718,230 $ (27,078 ) $ 126,228,424 Future policy benefits(6) $ 0 $ 0 $ 5,588,840 $ 0 $ 5,588,840 Policyholders' account balances 0 0 13,015 0 13,015 Payables to parent and affiliates 0 26,862 0 (26,862 ) 0 Total liabilities $ 0 $ 26,862 $ 5,601,855 $ (26,862 ) $ 5,601,855 (1) “Netting” amounts represent cash collateral of $76.1 million and $0.2 million as of March 31, 2019 and December 31, 2018 , respectively, and the impact of offsetting asset and liability positions held with the same counterparty, subject to master netting arrangements. (2) Includes credit tranched securities collateralized by syndicated bank loans, sub-prime mortgages, auto loans, credit cards, education loans and other asset types. (3) Other invested assets 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 ("NAV") per share (or its equivalent) as a practical expedient. At March 31, 2019 and December 31, 2018 , the fair values of such investments were $73 million and $70 million , respectively. (4) 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. (5) Separate account assets included in the fair value hierarchy exclude investments in entities that calculate NAV per share (or its equivalent) as a practical expedient. Such investments excluded from the fair value hierarchy include investments in real estate, hedge funds and a corporate owned life insurance fund, for which fair value is measured at NAV per share (or its equivalent). As of March 31, 2019 and December 31, 2018 , the fair value of such investments was $4,383 million and $4,130 million , respectively. (6) As of March 31, 2019 , the net embedded derivative liability position of $6,459 million includes $623 million of embedded derivatives in an asset position and $7,082 million of embedded derivatives in a liability position. As of December 31, 2018 , the net embedded derivative liability position of $5,589 million includes $633 million of embedded derivatives in an asset position and $6,222 million of embedded derivatives in a liability position.
Fair Value Inputs, Assets and Liabilities, Quantitative Information	The tables below present quantitative information on significant internally-priced Level 3 assets and liabilities. As of March 31, 2019 Fair Value Valuation Techniques Unobservable Inputs Minimum Maximum Weighted Average Impact of Increase in Input on Fair Value(1) (in thousands) Assets: Corporate securities(2) $ 23,065 Discounted cash flow Discount rate 8.25 % 20.00 % 13.69 % Decrease Liquidation Liquidation value 13.18 % 13.18 % 13.18 % Increase Reinsurance recoverables $ 6,468,704 Fair values are determined using the same unobservable inputs as future policy benefits. Liabilities: Future policy benefits(3) $ 6,459,377 Discounted cash flow Lapse rate(4) 1 % 13 % Decrease Spread over LIBOR(5) 0.12 % 1.35 % Decrease Utilization rate(6) 50 % 97 % Increase Withdrawal rate See table footnote (7) below Mortality rate(8) 0 % 15 % Decrease Equity volatility curve 15 % 22 % Increase As of December 31, 2018 Fair Value Valuation Techniques Unobservable Inputs Minimum Maximum Weighted Average Impact of Increase in Input on Fair Value(1) (in thousands) Assets: Corporate securities(2) $ 31,503 Discounted cash flow Discount rate 7.00 % 20.00 % 10.21 % Decrease Liquidation Liquidation value 40.71 % 40.71 % 40.71 % Increase Reinsurance recoverables $ 5,600,008 Fair values are determined using the same unobservable inputs as future policy benefits. Liabilities: Future policy benefits(3) $ 5,588,840 Discounted cash flow Lapse rate(4) 1 % 13 % Decrease Spread over LIBOR(5) 0.36 % 1.60 % Decrease Utilization rate(6) 50 % 97 % Increase Withdrawal rate See table footnote (7) below Mortality rate(8) 0 % 15 % Decrease Equity volatility curve 18 % 22 % Increase (1) Conversely, the impact of a decrease in input would have the opposite impact on fair value as that presented in the table. (2) Includes assets classified as fixed maturities, available-for-sale. (3) 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. (4) 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. (5) The spread over the London Inter-Bank Offered Rate ("LIBOR") swap curve represents the premium added to the proxy for the risk-free rate (LIBOR) to reflect our estimates of rates that a market participant would use to value the living benefit contracts in both the accumulation and payout phases. This spread includes an estimate of NPR, which is the risk that the obligation will not be fulfilled by the Company. NPR is primarily estimated by utilizing the credit spreads associated with issuing funding agreements, adjusted for any illiquidity risk premium. In order to reflect the financial strength ratings of the Company, credit spreads associated with funding agreements, as opposed to credit spread associated with debt, are utilized in developing this estimate because both funding agreements and living benefit contracts are insurance liabilities and are therefore senior to debt. (6) 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. (7) The withdrawal rate assumption estimates the magnitude of annual contractholder withdrawals relative to the maximum allowable amount under the contract. These assumptions 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, 2019 and December 31, 2018 , the minimum withdrawal rate assumption is 78% and the maximum withdrawal rate assumption 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%. (8) Range reflects the mortality rate for the vast majority of business with living benefits, with policyholders ranging from 50 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%
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables describe 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. When a determination is made to classify assets and liabilities within Level 3, the determination is based on significance of the unobservable inputs in the overall fair value measurement. All transfers are based on changes in the observability of the valuation inputs, including the availability of pricing service information that the Company can validate. All transfers are generally reported at the value as of the beginning of the quarter in which transfers occur for any such assets still held at the end of the quarter. Three Months Ended March 31, 2019 Fair Value, beginning of period Total realized and unrealized gains (losses)(1) Purchases Sales Issuances Settlements Other(2) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(3) (in thousands) Fixed maturities, available-for-sale: U.S. government $ 29,816 $ 0 $ 2,372 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 32,188 $ 0 Foreign government 0 5 0 0 0 0 0 159 0 164 0 Corporate securities(4) 56,588 (3,412 ) 1,331 (28 ) 0 (7,097 ) 1 7,577 0 54,960 (3,163 ) Structured securities(5) 6,556 1,268 0 (1 ) 0 (3,979 ) 0 75,960 0 79,804 0 Other assets: Equity securities 15,997 (6 ) 0 0 0 0 0 0 0 15,991 (6 ) Other invested assets 4 0 0 0 0 0 0 0 0 4 0 Short-term investments 0 0 0 0 0 0 0 0 0 0 0 Reinsurance recoverables 5,600,008 633,318 235,378 0 0 0 0 0 0 6,468,704 677,444 Receivables from parent and affiliates 9,261 111 0 0 0 (1,580 ) 0 0 0 7,792 0 Liabilities: Future policy benefits (5,588,840 ) (637,102 ) 0 0 (233,435 ) 0 0 0 0 (6,459,377 ) (681,227 ) Policyholders' account balances (13,015 ) (33,614 ) 0 0 0 (6,507 ) 0 0 0 (53,136 ) (33,614 ) Three Months Ended March 31, 2019 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(3) Realized investment gains (losses), net(1) Other income (loss) Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) (in thousands) Fixed maturities, available-for-sale $ (2,402 ) $ 0 $ 164 $ 99 $ (3,163 ) $ 0 Other assets: Equity securities 0 (6 ) 0 0 0 (6 ) Other invested assets 0 0 0 0 0 0 Short-term investments 0 0 0 0 0 0 Reinsurance recoverables 633,318 0 0 0 677,444 0 Receivables from parent and affiliates 0 0 0 111 0 0 Liabilities: Future policy benefits (637,102 ) 0 0 0 (681,227 ) 0 Policyholders' account balances (33,614 ) 0 0 0 (33,614 ) 0 Three Months Ended March 31, 2018(6) Fair Value, beginning of period Total realized and unrealized gains (losses)(1) Purchases Sales Issuances Settlements Other(2) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(3) (in thousands) Fixed maturities, available-for-sale: U.S. government $ 19,204 $ 0 $ 2,365 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 21,569 $ 0 Foreign government 0 (8 ) 0 0 0 0 174 0 0 166 0 Corporate securities(4) 75,421 936 1,022 0 0 (4,570 ) 15 0 (209 ) 72,615 (26 ) Structured securities(5) 111,028 131 190 0 0 (3,195 ) 0 13,513 (26,794 ) 94,873 0 Other assets: Equity securities 17,525 (486 ) 0 0 0 0 0 0 0 17,039 (486 ) Other invested assets 0 1 0 0 0 0 0 9 0 10 2 Short-term investments 1,339 (18 ) 3,400 0 0 (3,513 ) (14 ) 0 0 1,194 (18 ) Reinsurance recoverables 5,457,649 (1,462,992 ) 219,457 0 0 0 0 0 0 4,214,114 (1,409,320 ) Receivables from parent and affiliates 0 (20 ) 0 0 0 0 0 6,551 0 6,531 0 Liabilities: Future policy benefits (5,452,583 ) 1,487,555 0 0 (226,345 ) 0 0 0 0 (4,191,373 ) 1,433,872 Policyholders' account balances (46,651 ) 5,013 0 0 0 2,122 0 0 0 (39,516 ) 5,013 Other liabilities 0 (24,780 ) 8,825 0 0 0 0 0 0 (15,955 ) (24,780 ) Three Months Ended March 31, 2018(6) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(3) Realized investment gains (losses), net(1) Other income (loss) Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) (in thousands) Fixed maturities, available-for-sale $ 68 $ 0 $ 914 $ 77 $ (26 ) $ 0 Other assets: Equity securities 0 (486 ) 0 0 0 (486 ) Other invested assets 1 0 0 0 2 0 Short-term investments (18 ) 0 0 0 (18 ) 0 Reinsurance recoverables (1,462,992 ) 0 0 0 (1,409,320 ) 0 Receivables from parent and affiliates 0 (20 ) 0 0 0 0 Liabilities: Future policy benefits 1,487,555 0 0 0 1,433,872 0 Policyholders' account balances 5,013 0 0 0 5,013 0 Other liabilities (24,780 ) 0 0 0 (24,780 ) 0 (1) Realized investment gains (losses) on future policy benefits and reinsurance recoverables primarily represent the change in the fair value of the Company's living benefit guarantees on certain of its variable annuity contracts. (2) Other primarily represents reclassifications of certain assets and liabilities between reporting categories. (3) 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. (4) Includes U.S. corporate public, U.S. corporate private, foreign corporate public and foreign corporate private securities. (5) Includes asset-backed, commercial mortgage-backed and residential mortgage-backed securities. (6)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables describe 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. When a determination is made to classify assets and liabilities within Level 3, the determination is based on significance of the unobservable inputs in the overall fair value measurement. All transfers are based on changes in the observability of the valuation inputs, including the availability of pricing service information that the Company can validate. All transfers are generally reported at the value as of the beginning of the quarter in which transfers occur for any such assets still held at the end of the quarter. Three Months Ended March 31, 2019 Fair Value, beginning of period Total realized and unrealized gains (losses)(1) Purchases Sales Issuances Settlements Other(2) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(3) (in thousands) Fixed maturities, available-for-sale: U.S. government $ 29,816 $ 0 $ 2,372 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 32,188 $ 0 Foreign government 0 5 0 0 0 0 0 159 0 164 0 Corporate securities(4) 56,588 (3,412 ) 1,331 (28 ) 0 (7,097 ) 1 7,577 0 54,960 (3,163 ) Structured securities(5) 6,556 1,268 0 (1 ) 0 (3,979 ) 0 75,960 0 79,804 0 Other assets: Equity securities 15,997 (6 ) 0 0 0 0 0 0 0 15,991 (6 ) Other invested assets 4 0 0 0 0 0 0 0 0 4 0 Short-term investments 0 0 0 0 0 0 0 0 0 0 0 Reinsurance recoverables 5,600,008 633,318 235,378 0 0 0 0 0 0 6,468,704 677,444 Receivables from parent and affiliates 9,261 111 0 0 0 (1,580 ) 0 0 0 7,792 0 Liabilities: Future policy benefits (5,588,840 ) (637,102 ) 0 0 (233,435 ) 0 0 0 0 (6,459,377 ) (681,227 ) Policyholders' account balances (13,015 ) (33,614 ) 0 0 0 (6,507 ) 0 0 0 (53,136 ) (33,614 ) Three Months Ended March 31, 2019 Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(3) Realized investment gains (losses), net(1) Other income (loss) Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) (in thousands) Fixed maturities, available-for-sale $ (2,402 ) $ 0 $ 164 $ 99 $ (3,163 ) $ 0 Other assets: Equity securities 0 (6 ) 0 0 0 (6 ) Other invested assets 0 0 0 0 0 0 Short-term investments 0 0 0 0 0 0 Reinsurance recoverables 633,318 0 0 0 677,444 0 Receivables from parent and affiliates 0 0 0 111 0 0 Liabilities: Future policy benefits (637,102 ) 0 0 0 (681,227 ) 0 Policyholders' account balances (33,614 ) 0 0 0 (33,614 ) 0 Three Months Ended March 31, 2018(6) Fair Value, beginning of period Total realized and unrealized gains (losses)(1) Purchases Sales Issuances Settlements Other(2) Transfers into Level 3 Transfers out of Level 3 Fair Value, end of period Unrealized gains (losses) for assets still held(3) (in thousands) Fixed maturities, available-for-sale: U.S. government $ 19,204 $ 0 $ 2,365 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 21,569 $ 0 Foreign government 0 (8 ) 0 0 0 0 174 0 0 166 0 Corporate securities(4) 75,421 936 1,022 0 0 (4,570 ) 15 0 (209 ) 72,615 (26 ) Structured securities(5) 111,028 131 190 0 0 (3,195 ) 0 13,513 (26,794 ) 94,873 0 Other assets: Equity securities 17,525 (486 ) 0 0 0 0 0 0 0 17,039 (486 ) Other invested assets 0 1 0 0 0 0 0 9 0 10 2 Short-term investments 1,339 (18 ) 3,400 0 0 (3,513 ) (14 ) 0 0 1,194 (18 ) Reinsurance recoverables 5,457,649 (1,462,992 ) 219,457 0 0 0 0 0 0 4,214,114 (1,409,320 ) Receivables from parent and affiliates 0 (20 ) 0 0 0 0 0 6,551 0 6,531 0 Liabilities: Future policy benefits (5,452,583 ) 1,487,555 0 0 (226,345 ) 0 0 0 0 (4,191,373 ) 1,433,872 Policyholders' account balances (46,651 ) 5,013 0 0 0 2,122 0 0 0 (39,516 ) 5,013 Other liabilities 0 (24,780 ) 8,825 0 0 0 0 0 0 (15,955 ) (24,780 ) Three Months Ended March 31, 2018(6) Total realized and unrealized gains (losses) Unrealized gains (losses) for assets still held(3) Realized investment gains (losses), net(1) Other income (loss) Included in other comprehensive income (loss) Net investment income Realized investment gains (losses), net Other income (loss) (in thousands) Fixed maturities, available-for-sale $ 68 $ 0 $ 914 $ 77 $ (26 ) $ 0 Other assets: Equity securities 0 (486 ) 0 0 0 (486 ) Other invested assets 1 0 0 0 2 0 Short-term investments (18 ) 0 0 0 (18 ) 0 Reinsurance recoverables (1,462,992 ) 0 0 0 (1,409,320 ) 0 Receivables from parent and affiliates 0 (20 ) 0 0 0 0 Liabilities: Future policy benefits 1,487,555 0 0 0 1,433,872 0 Policyholders' account balances 5,013 0 0 0 5,013 0 Other liabilities (24,780 ) 0 0 0 (24,780 ) 0 (1) Realized investment gains (losses) on future policy benefits and reinsurance recoverables primarily represent the change in the fair value of the Company's living benefit guarantees on certain of its variable annuity contracts. (2) Other primarily represents reclassifications of certain assets and liabilities between reporting categories. (3) 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. (4) Includes U.S. corporate public, U.S. corporate private, foreign corporate public and foreign corporate private securities. (5) Includes asset-backed, commercial mortgage-backed and residential mortgage-backed securities. (6)
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. In some cases, as described below, the carrying amount equals or approximates fair value. March 31, 2019 Fair Value Carrying Amount(1) Level 1 Level 2 Level 3 Total Total (in thousands) Assets: Commercial mortgage and other loans $ 0 $ 0 $ 1,240,689 $ 1,240,689 $ 1,212,618 Policy loans 0 0 1,251,094 1,251,094 1,251,094 Cash and cash equivalents 48,115 0 0 48,115 48,115 Accrued investment income 0 89,358 0 89,358 89,358 Receivables from parent and affiliates 0 149,571 0 149,571 149,571 Other assets 0 35,112 0 35,112 35,112 Total assets $ 48,115 $ 274,041 $ 2,491,783 $ 2,813,939 $ 2,785,868 Liabilities: Policyholders’ account balances - investment contracts $ 0 $ 1,226,786 $ 276,008 $ 1,502,794 $ 1,507,136 Cash collateral for loaned securities 0 10,334 0 10,334 10,334 Payables to parent and affiliates 0 217,073 0 217,073 217,073 Other liabilities 0 358,256 0 358,256 358,256 Total liabilities $ 0 $ 1,812,449 $ 276,008 $ 2,088,457 $ 2,092,799 December 31, 2018 Fair Value Carrying Amount(1) Level 1 Level 2 Level 3 Total Total (in thousands) Assets: Commercial mortgage and other loans $ 0 $ 0 $ 1,214,350 $ 1,214,350 $ 1,209,150 Policy loans 0 0 1,236,077 1,236,077 1,236,077 Cash and cash equivalents 56,894 143,000 0 199,894 199,894 Accrued investment income 0 88,278 0 88,278 88,278 Receivables from parent and affiliates 0 154,938 0 154,938 154,938 Other assets 0 28,950 0 28,950 28,950 Total assets $ 56,894 $ 415,166 $ 2,450,427 $ 2,922,487 $ 2,917,287 Liabilities: Policyholders’ account balances - investment contracts $ 0 $ 1,206,747 $ 272,322 $ 1,479,069 $ 1,486,929 Cash collateral for loaned securities 0 11,063 0 11,063 11,063 Payables to parent and affiliates 0 229,345 0 229,345 229,345 Other liabilities 0 372,997 0 372,997 372,997 Total liabilities $ 0 $ 1,820,152 $ 272,322 $ 2,092,474 $ 2,100,334 (1) Carrying values presented herein differ from those in the Company’s Unaudited Interim Consolidated Statements

Reinsurance (Tables)

Reinsurance (Tables)	3 Months Ended
	Mar. 31, 2019
Reinsurance Disclosures [Abstract]
Reinsurance Impact on Statements of Financial Position	Reinsurance amounts included in the Company’s Unaudited Interim Consolidated Statements of Financial Position as of March 31, 2019 and December 31, 2018 were as follows: March 31, 2019 December 31, 2018 (in thousands) Reinsurance recoverables $ 36,106,323 $ 34,682,127 Policy loans (132,433 ) (130,502 ) Deferred policy acquisition costs (7,255,866 ) (7,267,847 ) Deferred sales inducements (567,015 ) (562,052 ) Other assets(1) 171,968 185,573 Policyholders’ account balances 4,986,354 5,004,112 Future policy benefits 3,619,334 3,376,048 Other liabilities(2) 653,666 621,856 (1) “Other assets” includes $0.1 million of unaffiliated activity as of both March 31, 2019 and December 31, 2018 . (2) “Other liabilities” includes $39 million and $27 million of unaffiliated activity as of March 31, 2019 and December 31, 2018
Reinsurance Recoverable by Counterparty	The reinsurance recoverables by counterparty are broken out below: March 31, 2019 December 31, 2018 (in thousands) PAR U $ 11,680,401 $ 11,444,032 PALAC 9,622,605 8,828,190 PURC 4,211,368 4,127,455 PARCC 2,484,194 2,527,690 GUL Re 2,044,196 2,017,810 PAR Term 1,691,610 1,678,745 Prudential of Taiwan 1,424,669 1,414,669 Term Re 1,347,453 1,259,141 Prudential Insurance 1,355,025 1,226,917 DART 168,676 119,946 Unaffiliated 76,126 37,532 Total reinsurance recoverables $ 36,106,323 $ 34,682,127
Reinsurance Impact on Statements of Operations and Comprehensive Income (Loss)	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: Three Months Ended March 31, 2019 2018(8) (in thousands) Premiums: Direct $ 462,271 $ 441,955 Assumed(1) 54 60 Ceded(2) (448,331 ) (434,100 ) Net premiums 13,994 7,915 Policy charges and fee income: Direct 853,195 846,247 Assumed 126,959 121,709 Ceded(3) (840,965 ) (838,801 ) Net policy charges and fee income 139,189 129,155 Net investment income: Direct 94,558 79,149 Assumed 396 373 Ceded (1,704 ) (1,607 ) Net investment income 93,250 77,915 Asset administration fees: Direct 83,868 87,033 Assumed 0 0 Ceded (80,211 ) (83,560 ) Net asset administration fees 3,657 3,473 Other income: Direct 19,798 17,253 Assumed(4) (200 ) (90 ) Ceded (23 ) (52 ) Amortization of reinsurance income 1,382 2,185 Net other income 20,957 19,296 Realized investment gains (losses), net: Direct (635,511 ) 1,474,762 Assumed 0 0 Ceded(5) 586,876 (1,523,804 ) Realized investment gains (losses), net (48,635 ) (49,042 ) Policyholders’ benefits (including change in reserves): Direct 646,311 651,672 Assumed(6) 211,750 112,802 Ceded(7) (818,583 ) (712,738 ) Net policyholders’ benefits (including change in reserves) 39,478 51,736 Interest credited to policyholders’ account balances: Direct 94,691 124,734 Assumed 30,657 36,517 Ceded (81,151 ) (120,453 ) Net interest credited to policyholders’ account balances 44,197 40,798 Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization (344,015 ) (434,371 ) (1) "Premiums assumed" includes $0.1 million of unaffiliated activity for both the three months ended March 31, 2019 and 2018 . (2) "Premiums ceded" includes $(0.1) million and $0 million of unaffiliated activity for the three months ended March 31, 2019 , and 2018 respectively. (3) "Policy charges and fee income ceded" includes $(5) million and $(2) million of unaffiliated activity for the three months ended March 31, 2019 and 2018 , respectively. (4) "Other income assumed" includes $(0.2) million and $(0.1) million of unaffiliated activity for the three months ended March 31, 2019 and 2018 , respectively. (5) “Realized investment gains (losses), net ceded” includes $14 million and $(38) million of unaffiliated activity for the three months ended March 31, 2019 and 2018 , respectively. (6) "Policyholders' benefits (including change in reserves) assumed" includes $(0.2) million and $(0.1) million of unaffiliated activity for the three months ended March 31, 2019 and 2018 , respectively. (7) "Policyholders' benefits (including change in reserves) ceded" includes $(2) million of unaffiliated activity for both the three months ended March 31, 2019 and 2018 . (8) Prior period amounts in the table above have been revised to correct previously reported numbers. These prior period revisions have also been reflected in the Unaudited Interim Consolidated Financial Statements. See Note 11 for a more detailed description of the revision.
Gross and Net Life Insurance in Force	The gross and net amounts of life insurance face amount in force as of March 31, 2019 and 2018 were as follows: 2019 2018 (in thousands) Direct gross life insurance face amount in force $ 951,643,226 $ 893,787,108 Assumed gross life insurance face amount in force 40,546,369 41,584,568 Reinsurance ceded (913,655,428 ) (864,942,222 ) Net life insurance face amount in force $ 78,534,167 $ 70,429,454

Equity (Tables)

Equity (Tables)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	The balance of and changes in each component of AOCI as of and for the three months ended March 31, 2019 and 2018 , 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, 2018 $ (17,448 ) $ (10,848 ) $ (28,296 ) Change in OCI before reclassifications 6,049 156,295 162,344 Amounts reclassified from AOCI 0 3,790 3,790 Income tax benefit (expense) (19 ) (33,614 ) (33,633 ) Balance, March 31, 2019 $ (11,418 ) $ 115,623 $ 104,205 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, 2017 $ (234 ) $ 165,580 $ 165,346 Change in OCI before reclassifications (923 ) (145,541 ) (146,464 ) Amounts reclassified from AOCI 0 490 490 Income tax benefit (expense) 194 30,506 30,700 Cumulative effect of adoption of ASU 2016-01 0 (1,539 ) (1,539 ) Cumulative effect of adoption of ASU 2018-02 (50 ) 30,449 30,399 Balance, March 31, 2018 $ (1,013 ) $ 79,945 $ 78,932 (1) Includes cash flow hedges of $15 million and $(18) million as of March 31, 2019 and December 31, 2018 , respectively, and $1 million and $41 million as of March 31, 2018 and December 31, 2017 , respectively
Reclassification out of Accumulated Other Comprehensive Income	Reclassifications out of Accumulated Other Comprehensive Income (Loss) Three Months Ended March 31, 2019 2018 (in thousands) Amounts reclassified from AOCI (1)(2): Net unrealized investment gains (losses): Cash flow hedges - Currency/Interest rate(3) $ 394 $ 319 Net unrealized investment gains (losses) on available-for-sale securities (4,184 ) (809 ) Total net unrealized investment gains (losses)(4) (3,790 ) (490 ) Total reclassifications for the period $ (3,790 ) $ (490 ) (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 4 for additional information on cash flow hedges. (4)
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(2) Future Policy Benefits, Policyholders' Account Balances and Other Liabilities(3) Deferred Income Tax (Liability) Benefit Accumulated Other Comprehensive Income (Loss) Related To Net Unrealized Investment Gains (Losses) (in thousands) Balance, December 31, 2018 $ (689 ) $ (152 ) $ 37 $ (192 ) $ (996 ) Net investment gains (losses) on investments arising during the period 573 0 0 (120 ) 453 Reclassification adjustment for (gains) losses included in net income (85 ) 0 0 18 (67 ) Reclassification adjustment for OTTI (gains) losses excluded from net income(1) (207 ) 0 0 43 (164 ) Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs 0 110 0 (23 ) 87 Impact of net unrealized investment (gains) losses on future policy benefits, policyholders' account balances and other liabilities 0 0 (65 ) 14 (51 ) Balance, March 31, 2019 $ (408 ) $ (42 ) $ (28 ) $ (260 ) $ (738 ) (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) "Other costs" primarily includes reinsurance recoverables and deferred reinsurance losses. (3) "Other liabilities" primarily includes reinsurance payables.
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(3) Future Policy Benefits, Policyholders' Account Balances and Other Liabilities(4) Deferred Income Tax (Liability) Benefit Accumulated Other Comprehensive Income (Loss) Related To Net Unrealized Investment Gains (Losses) (in thousands) Balance, December 31, 2018 $ (16,632 ) $ (65,743 ) $ 68,005 $ 4,518 $ (9,852 ) Net investment gains (losses) on investments arising during the period 174,288 0 0 (36,596 ) 137,692 Reclassification adjustment for (gains) losses included in net income 3,875 0 0 (814 ) 3,061 Reclassification adjustment for OTTI (gains) losses excluded from net income(1) 207 0 0 (43 ) 164 Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs 0 141,369 0 (29,684 ) 111,685 Impact of net unrealized investment (gains) losses on future policy benefits, policyholders' account balances and other liabilities 0 0 (159,980 ) 33,591 (126,389 ) Balance, March 31, 2019 $ 161,738 $ 75,626 $ (91,975 ) $ (29,028 ) $ 116,361 (1) Represents "transfers out" related to the portion of OTTI losses recognized during the period that were not recognized in earnings for securities with no prior OTTI loss. (2) Includes cash flow hedges. See Note 4 for information on cash flow hedges. (3) "Other costs" primarily includes reinsurance recoverables and deferred reinsurance losses. (4)

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
Affiliated Notes Receivable	Affiliated notes receivable included in “Receivables from parent and affiliates” at March 31, 2019 and December 31, 2018 were as follows: Maturity Dates Interest Rates March 31, 2019 December 31, 2018 (in thousands) U.S. dollar floating rate notes 2028 4.02% - 4.23 % $ 0 $ 6,502 U.S. dollar fixed rate notes 2020 - 2027 0.00% - 14.85 % 128,479 128,140 Total notes receivable - affiliated(1) $ 128,479 $ 134,642 (1)
Affiliated Asset Transfers	The table below shows affiliated asset trades for the three months ended March 31, 2019 and for the year ended December 31, 2018 . Affiliate Date Transaction Security Type Fair Value Book Value APIC, Net of Tax Increase/(Decrease) Realized Investment Gain (Loss) (in thousands) DART January 2018 Purchase Other Invested Assets $ 21,457 $ 21,457 $ 0 $ 0 PALAC April 2018 Purchase Fixed Maturities $ 64,313 $ 64,313 $ 0 $ 0 GUL Re May 2018 Purchase Fixed Maturities $ 87,486 $ 87,486 $ 0 $ 0 GUL Re May 2018 Purchase Fixed Maturities $ 37,921 $ 37,921 $ 0 $ 0 Prudential Realty Securities, Inc. November 2018 Purchase Commercial Mortgages $ 3,259 $ 3,425 $ 0 $ (167 ) Prudential Insurance February 2019 Sale Commercial Mortgages $ 4,995 $ 5,000 $ (4 ) $ 0

Revision to Prior Year Inform_2

Revision to Prior Year Information (Tables)	3 Months Ended
	Mar. 31, 2019
Prior Period Adjustment [Abstract]
Revisions to 2018 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) Three Months Ended March 31, 2018 As Previously Reported Revision As Revised (in thousands) REVENUES Policy charges and fee income $ 125,896 $ 3,259 $ 129,155 TOTAL REVENUES 185,453 3,259 188,712 BENEFITS AND EXPENSES Policyholders' benefits 48,955 2,781 51,736 Amortization of deferred policy acquisition costs 26,604 (459 ) 26,145 TOTAL BENEFITS AND EXPENSES 177,147 2,322 179,469 INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURE 8,306 937 9,243 Income tax expense (benefit) (2,448 ) (251 ) (2,699 ) INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE 10,754 1,188 11,942 NET INCOME (LOSS) $ 10,116 $ 1,188 $ 11,304 COMPREHENSIVE INCOME (LOSS) $ (105,158 ) $ 1,188 $ (103,970 ) Consolidated Statements of Equity Retained Earnings Total Equity As Previously Reported Revision As Revised As Previously Reported Revision As Revised (in thousands) Balance, December 31, 2017 $ 1,511,698 $ 14,612 $ 1,526,310 $ 2,820,636 $ 14,612 $ 2,835,248 Comprehensive income (loss): Net income (loss) 10,116 1,188 11,304 10,116 1,188 11,304 Total comprehensive income (loss) (105,158 ) 1,188 (103,970 ) Balance, March 31, 2018 $ 1,499,351 $ 15,800 $ 1,515,151 $ 2,727,375 $ 15,800 $ 2,743,175 Consolidated Statements of Cash Flows Three Months Ended March 31, 2018 As Previously Reported Revision As Revised (in thousands) CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES: Net income (loss) $ 10,116 $ 1,188 $ 11,304 Policy charges and fee income (24,173 ) 476 (23,697 ) Future policy benefits 511,380 (2,968 ) 508,412 Reinsurance recoverables (430,215 ) 5,748 (424,467 ) Deferred policy acquisition costs (45,184 ) (458 ) (45,642 ) Income taxes (2,651 ) (251 ) (2,902 ) Other, net (93,619 ) (3,735 ) (97,354 ) Cash flows from (used in) operating activities (7,769 ) 0 (7,769 )

Business and Basis of Present_2

Business and Basis of Presentation (Narrative) (Details)	3 Months Ended
	Mar. 31, 2019subsidiary
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Number Of Subsidiaries	1
Indirect subsidiary dissolved in December 31, 2018
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Number Of Subsidiaries	1

Investments (Fixed Maturities S

Investments (Fixed Maturities Securities Excluding Investments Classified as Trading) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 5,468,161	$ 5,244,903
Fair Value	5,606,209	5,199,595
Fixed maturities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	5,468,161	5,244,903
Gross Unrealized Gains	198,565	96,757
Gross Unrealized Losses	60,517	142,065
Fair Value	5,606,209	5,199,595
Fixed maturities | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	77,354	75,049
Gross Unrealized Gains	2,645	2,427
Gross Unrealized Losses	0	6
Fair Value	79,999	77,470
Fixed maturities | Obligations of U.S. states and their political subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	608,071	609,955
Gross Unrealized Gains	31,553	15,154
Gross Unrealized Losses	18	2,351
Fair Value	639,606	622,758
Fixed maturities | Foreign government bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	209,128	208,009
Gross Unrealized Gains	8,172	2,137
Gross Unrealized Losses	2,488	8,199
Fair Value	214,812	201,947
Fixed maturities | U.S. public corporate securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,926,382	1,739,860
Gross Unrealized Gains	96,244	46,166
Gross Unrealized Losses	17,364	54,401
Fair Value	2,005,262	1,731,625
Fixed maturities | U.S. private corporate securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	890,441	890,748
Gross Unrealized Gains	19,701	11,181
Gross Unrealized Losses	9,185	18,591
Fair Value	900,957	883,338
Fixed maturities | Foreign public corporate securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	289,697	270,428
Gross Unrealized Gains	10,112	3,746
Gross Unrealized Losses	3,953	12,151
Fair Value	295,856	262,023
Fixed maturities | Foreign private corporate securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	885,807	857,604
Gross Unrealized Gains	19,955	9,797
Gross Unrealized Losses	25,216	40,022
Fair Value	880,546	827,379
Fixed maturities | Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	148,802	156,818
Gross Unrealized Gains	1,462	1,528
Gross Unrealized Losses	531	750
Fair Value	149,733	157,596
Fixed maturities | Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	345,909	347,570
Gross Unrealized Gains	7,239	3,353
Gross Unrealized Losses	1,379	4,527
Fair Value	351,769	346,396
Fixed maturities | Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	86,570	88,862
Gross Unrealized Gains	1,482	1,268
Gross Unrealized Losses	383	1,067
Fair Value	87,669	89,063
OTTI | Fixed maturities
Debt Securities, Available-for-sale [Line Items]
OTTI in AOCI	(257)	(299)
Net Unrealized Gains (Losses)	200	400
OTTI | Fixed maturities | U.S. Treasury securities and obligations of U.S. government authorities and agencies
Debt Securities, Available-for-sale [Line Items]
OTTI in AOCI	0	0
OTTI | Fixed maturities | Obligations of U.S. states and their political subdivisions
Debt Securities, Available-for-sale [Line Items]
OTTI in AOCI	0	0
OTTI | Fixed maturities | Foreign government bonds
Debt Securities, Available-for-sale [Line Items]
OTTI in AOCI	0	0
OTTI | Fixed maturities | U.S. public corporate securities
Debt Securities, Available-for-sale [Line Items]
OTTI in AOCI	0	0
OTTI | Fixed maturities | U.S. private corporate securities
Debt Securities, Available-for-sale [Line Items]
OTTI in AOCI	0	0
OTTI | Fixed maturities | Foreign public corporate securities
Debt Securities, Available-for-sale [Line Items]
OTTI in AOCI	0	0
OTTI | Fixed maturities | Foreign private corporate securities
Debt Securities, Available-for-sale [Line Items]
OTTI in AOCI	0	0
OTTI | Fixed maturities | Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
OTTI in AOCI	(85)	(122)
OTTI | Fixed maturities | Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
OTTI in AOCI	0	0
OTTI | Fixed maturities | Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
OTTI in AOCI	$ (172)	$ (177)

Investments (Fair Value and Los

Investments (Fair Value and Losses by Investment Category and Length of Time in a Loss Position) (Details) - Fixed maturities - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	$ 389,638	$ 1,996,758
Less than Twelve Months, Gross Unrealized Losses	10,717	81,764
Twelve Months or More, Fair Value	1,064,376	947,390
Twelve Months or More, Gross Unrealized Losses	49,800	60,301
Total, Fair Value	1,454,014	2,944,148
Total, Gross Unrealized Losses	60,517	142,065
US Treasury securities and obligations of U.S. government authorities and agencies
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	0	0
Less than Twelve Months, Gross Unrealized Losses	0	0
Twelve Months or More, Fair Value	0	630
Twelve Months or More, Gross Unrealized Losses	0	6
Total, Fair Value	0	630
Total, Gross Unrealized Losses	0	6
Obligations of U.S. states and their political subdivisions
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	0	124,776
Less than Twelve Months, Gross Unrealized Losses	0	1,571
Twelve Months or More, Fair Value	6,771	31,215
Twelve Months or More, Gross Unrealized Losses	18	780
Total, Fair Value	6,771	155,991
Total, Gross Unrealized Losses	18	2,351
Foreign government bonds
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	4,181	77,055
Less than Twelve Months, Gross Unrealized Losses	28	3,184
Twelve Months or More, Fair Value	71,392	59,700
Twelve Months or More, Gross Unrealized Losses	2,460	5,015
Total, Fair Value	75,573	136,755
Total, Gross Unrealized Losses	2,488	8,199
U.S. public corporate securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	110,017	784,916
Less than Twelve Months, Gross Unrealized Losses	2,347	37,635
Twelve Months or More, Fair Value	330,357	213,147
Twelve Months or More, Gross Unrealized Losses	15,017	16,766
Total, Fair Value	440,374	998,063
Total, Gross Unrealized Losses	17,364	54,401
U.S. private corporate securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	54,835	263,934
Less than Twelve Months, Gross Unrealized Losses	4,183	9,159
Twelve Months or More, Fair Value	194,614	287,031
Twelve Months or More, Gross Unrealized Losses	5,002	9,432
Total, Fair Value	249,449	550,965
Total, Gross Unrealized Losses	9,185	18,591
Foreign public corporate securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	7,508	124,764
Less than Twelve Months, Gross Unrealized Losses	93	6,286
Twelve Months or More, Fair Value	83,890	72,725
Twelve Months or More, Gross Unrealized Losses	3,860	5,865
Total, Fair Value	91,398	197,489
Total, Gross Unrealized Losses	3,953	12,151
Foreign private corporate securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	114,485	424,921
Less than Twelve Months, Gross Unrealized Losses	3,592	22,605
Twelve Months or More, Fair Value	228,928	127,201
Twelve Months or More, Gross Unrealized Losses	21,624	17,417
Total, Fair Value	343,413	552,122
Total, Gross Unrealized Losses	25,216	40,022
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	98,426	112,527
Less than Twelve Months, Gross Unrealized Losses	473	650
Twelve Months or More, Fair Value	10,015	6,523
Twelve Months or More, Gross Unrealized Losses	58	100
Total, Fair Value	108,441	119,050
Total, Gross Unrealized Losses	531	750
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	0	49,616
Less than Twelve Months, Gross Unrealized Losses	0	434
Twelve Months or More, Fair Value	110,228	116,786
Twelve Months or More, Gross Unrealized Losses	1,379	4,093
Total, Fair Value	110,228	166,402
Total, Gross Unrealized Losses	1,379	4,527
Residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Fair Value	186	34,249
Less than Twelve Months, Gross Unrealized Losses	1	240
Twelve Months or More, Fair Value	28,181	32,432
Twelve Months or More, Gross Unrealized Losses	382	827
Total, Fair Value	28,367	66,681
Total, Gross Unrealized Losses	$ 383	$ 1,067

Investments (Narrative) (Detail

Investments (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Investment [Line Items]
Securities sold under agreements to repurchase	$ 0		$ 0
Commercial mortgage loans, Percentage	100.00%		100.00%
Commercial mortgage and other loans, Acquired	$ 0	$ 0
Commercial mortgage and other loans, Sold	5,000,000	0
Fixed maturities
Investment [Line Items]
Gross unrealized losses	60,517,000		$ 142,065,000
Gross unrealized losses of twelve months or more concentrated in various sectors	49,800,000		60,301,000
NAIC high or highest quality rating | Fixed maturities
Investment [Line Items]
Gross unrealized losses	46,400,000		121,300,000
NAIC other than high or highest quality rating | Fixed maturities
Investment [Line Items]
Gross unrealized losses	$ 14,100,000		20,800,000
California
Investment [Line Items]
Commercial mortgage loans, Percentage	21.00%
Texas
Investment [Line Items]
Commercial mortgage loans, Percentage	14.00%
New York
Investment [Line Items]
Commercial mortgage loans, Percentage	7.00%
Europe
Investment [Line Items]
Commercial mortgage loans, Percentage	6.00%
Australia
Investment [Line Items]
Commercial mortgage loans, Percentage	4.00%
Mexico
Investment [Line Items]
Commercial mortgage loans, Percentage	2.00%
Other Income | Equity securities
Investment [Line Items]
Unrealized Gain (Loss) on Investments	$ 700,000	$ (1,200,000)
Fixed maturities
Investment [Line Items]
Gross unrealized losses of twelve months or more concentrated in various sectors	$ 49,800,000		$ 60,300,000

Investments (Amortized Cost and

Investments (Amortized Cost and Fair Value of Fixed Maturities by Contractual Maturities) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Amortized Cost
Due in one year or less	$ 206,941
Due after one year through five years	705,933
Due after five years through ten years	993,523
Due after ten years	2,980,483
Amortized Cost	5,468,161	$ 5,244,903
Fair Value
Due in one year or less	208,192
Due after one year through five years	703,752
Due after five years through ten years	1,008,175
Due after ten years	3,096,919
Fair Value	5,606,209	$ 5,199,595
Asset-backed securities
Amortized Cost
Debt Maturities, without single maturity date	148,802
Fair Value
Debt Maturities, without Single Maturity Date	149,733
Commercial mortgage-backed securities
Amortized Cost
Debt Maturities, without single maturity date	345,909
Fair Value
Debt Maturities, without Single Maturity Date	351,769
Residential mortgage-backed securities
Amortized Cost
Debt Maturities, without single maturity date	86,570
Fair Value
Debt Maturities, without Single Maturity Date	$ 87,669

Investments (Fixed Maturities_2

Investments (Fixed Maturities Securities Proceeds) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Proceeds from maturities/prepayments	$ 70,725	$ 69,410
Fixed maturities | Available-for-sale
Debt Securities, Available-for-sale [Line Items]
Proceeds from sales	24,787	16,852
Proceeds from maturities/prepayments	52,875	54,310
Gross investment gains from sales and maturities	949	144
Gross investment losses from sales and maturities	(1,970)	(359)
OTTI recognized in earnings	(3,163)	(594)
Non-cash related proceeds	$ 6,900	$ 1,800

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, 2019	Mar. 31, 2018
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Balance, beginning of period	$ 1,291	$ 4,374
New credit loss impairments	3,022	0
Increases due to the passage of time on previously recorded credit losses	10	37
Reductions for securities which matured, paid down, prepaid or were sold during the period	(593)	(42)
Accretion of credit loss impairments previously recognized due to an increase in cash flows expected to be collected	(120)	(25)
Balance, end of period	$ 3,610	$ 4,344

Investments (Commercial Mortgag

Investments (Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 1,214,676	$ 1,211,215
Commercial mortgage loans, Percentage	100.00%	100.00%
Allowance for Credit Losses	$ (2,058)	$ (2,065)
Total commercial mortgage and other loans	1,212,618	1,209,150
Apartments and multi-family
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 356,454	$ 362,811
Commercial mortgage loans, Percentage	29.30%	29.90%
Hospitality
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 15,969	$ 16,083
Commercial mortgage loans, Percentage	1.30%	1.30%
Industrial
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 271,953	$ 263,999
Commercial mortgage loans, Percentage	22.50%	21.80%
Office
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 191,236	$ 187,450
Commercial mortgage loans, Percentage	15.70%	15.50%
Other
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 131,850	$ 131,961
Commercial mortgage loans, Percentage	10.90%	10.90%
Retail
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 192,381	$ 193,473
Commercial mortgage loans, Percentage	15.80%	16.00%
Commercial mortgage loans
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 1,159,843	$ 1,155,777
Commercial mortgage loans, Percentage	95.50%	95.40%
Agricultural property loans
Commercial Mortgage and Other Loans [Line Items]
Commercial mortgage and agricultural property loans	$ 54,833	$ 55,438
Commercial mortgage loans, Percentage	4.50%	4.60%

Investments (Allowance for Cred

Investments (Allowance for Credit Losses) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	$ 2,065	$ 1,794
Addition to (release of) allowance for credit losses	(7)	271
Charge-offs, net of recoveries	0	0
Total ending balance	2,058	2,065
Commercial Mortgage Loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	2,026	1,728
Addition to (release of) allowance for credit losses	(10)	298
Charge-offs, net of recoveries	0	0
Total ending balance	2,016	2,026
Agricultural Property Loans
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of year	39	66
Addition to (release of) allowance for credit losses	3	(27)
Charge-offs, net of recoveries	0	0
Total ending balance	$ 42	$ 39

Investments (Allowance for Cr_2

Investments (Allowance for Credit Losses and Recorded Investment in Commercial Mortgage and Other Loans) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Allowance for credit losses:
Individually evaluated for impairment	$ 0	$ 0
Collectively evaluated for impairment	2,058	2,065
Total ending balance	2,058	2,065	$ 1,794
Recorded investment:
Individually evaluated for impairment	0	816
Collectively evaluated for impairment	1,214,676	1,210,399
Total ending balance	1,214,676	1,211,215
Receivables Acquired with Deteriorated Credit Quality
Recorded investment:
Financing Receivable Total	0	0
Commercial Mortgage Loans
Allowance for credit losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	2,016	2,026
Total ending balance	2,016	2,026	1,728
Recorded investment:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	1,159,843	1,155,777
Total ending balance	1,159,843	1,155,777
Agricultural Property Loans
Allowance for credit losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	42	39
Total ending balance	42	39	$ 66
Recorded investment:
Individually evaluated for impairment	0	816
Collectively evaluated for impairment	54,833	54,622
Total ending balance	$ 54,833	$ 55,438

Investments (Credit Quality Ind

Investments (Credit Quality Indicators) (Details) - Commercial Mortgage and Agricultural Loans - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Recorded Investment [Line Items]
Recording investment gross of allowance for credit losses	$ 1,214,676	$ 1,211,215
0%-59.99%
Financing Receivable, Recorded Investment [Line Items]
Recording investment gross of allowance for credit losses	712,578	709,358
60%-69.99%
Financing Receivable, Recorded Investment [Line Items]
Recording investment gross of allowance for credit losses	333,001	340,111
70%-79.99%
Financing Receivable, Recorded Investment [Line Items]
Recording investment gross of allowance for credit losses	141,869	133,517
80% and greater
Financing Receivable, Recorded Investment [Line Items]
Recording investment gross of allowance for credit losses	27,228	28,229
≥ 1.2X
Financing Receivable, Recorded Investment [Line Items]
Recording investment gross of allowance for credit losses	1,155,899	1,151,820
≥ 1.2X | 0%-59.99%
Financing Receivable, Recorded Investment [Line Items]
Recording investment gross of allowance for credit losses	698,110	696,507
≥ 1.2X | 60%-69.99%
Financing Receivable, Recorded Investment [Line Items]
Recording investment gross of allowance for credit losses	316,532	321,586
≥ 1.2X | 70%-79.99%
Financing Receivable, Recorded Investment [Line Items]
Recording investment gross of allowance for credit losses	114,257	105,727
≥ 1.2X | 80% and greater
Financing Receivable, Recorded Investment [Line Items]
Recording investment gross of allowance for credit losses	27,000	28,000
1.0X to 1.2X
Financing Receivable, Recorded Investment [Line Items]
Recording investment gross of allowance for credit losses	58,549	59,315
1.0X to 1.2X | 0%-59.99%
Financing Receivable, Recorded Investment [Line Items]
Recording investment gross of allowance for credit losses	14,468	12,771
1.0X to 1.2X | 60%-69.99%
Financing Receivable, Recorded Investment [Line Items]
Recording investment gross of allowance for credit losses	16,469	18,525
1.0X to 1.2X | 70%-79.99%
Financing Receivable, Recorded Investment [Line Items]
Recording investment gross of allowance for credit losses	27,612	27,790
1.0X to 1.2X | 80% and greater
Financing Receivable, Recorded Investment [Line Items]
Recording investment gross of allowance for credit losses	0	229
Less than 1.0X
Financing Receivable, Recorded Investment [Line Items]
Recording investment gross of allowance for credit losses	228	80
Less than 1.0X | 0%-59.99%
Financing Receivable, Recorded Investment [Line Items]
Recording investment gross of allowance for credit losses	0	80
Less than 1.0X | 60%-69.99%
Financing Receivable, Recorded Investment [Line Items]
Recording investment gross of allowance for credit losses	0	0
Less than 1.0X | 70%-79.99%
Financing Receivable, Recorded Investment [Line Items]
Recording investment gross of allowance for credit losses	0	0
Less than 1.0X | 80% and greater
Financing Receivable, Recorded Investment [Line Items]
Recording investment gross of allowance for credit losses	$ 228	$ 0

Investments (Analysis of Past D

Investments (Analysis of Past Due Commercial Mortgage, Agricultural and Other Loans) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 1,214,676	$ 1,211,215
Total Loans	1,214,676	1,211,215
Non-Accrual Status	0	0
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Commercial mortgage loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	1,159,843	1,155,777
Total Loans	1,159,843	1,155,777
Non-Accrual Status	0	0
Commercial mortgage loans | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Commercial mortgage loans | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Commercial mortgage loans | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Agricultural property loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	54,833	55,438
Total Loans	54,833	55,438
Non-Accrual Status	0	0
Agricultural property loans | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Agricultural property loans | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Agricultural property loans | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Loans | 90 Days or More Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accruing Interest	$ 0	$ 0

Investments (Other Invested Ass

Investments (Other Invested Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Other Invested Assets [Line Items]
Other invested assets	$ 358,288	$ 377,429
Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	301,243	286,490
Company’s investment in separate accounts
Other Invested Assets [Line Items]
Other invested assets	41,577	40,126
Derivative Instruments
Other Invested Assets [Line Items]
Other invested assets	15,468	50,813
Equity Method Investments | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	228,602	216,586
Equity Method Investments | Private equity | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	158,754	149,164
Equity Method Investments | Hedge funds | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	59,513	57,171
Equity Method Investments | Real estate-related | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	10,335	10,251
Fair Value | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	72,641	69,904
Fair Value | Private equity | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	61,817	60,118
Fair Value | Hedge funds | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	769	762
Fair Value | Real estate-related | Total LPs/LLCs
Other Invested Assets [Line Items]
Other invested assets	$ 10,055	$ 9,024

Investments (Net Investment Inc

Investments (Net Investment Income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 97,707	$ 82,494
Less: investment expenses	(4,457)	(4,579)
Net investment income	93,250	77,915
Equity securities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	221	221
Commercial mortgage and other loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	12,491	12,405
Policy loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	16,199	15,904
Short-term investments and cash equivalents
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	2,311	323
Other invested assets
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	9,911	115
Available-for-sale | Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	56,266	53,260
Trading | Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 308	$ 266

Investments (Realized Investmen

Investments (Realized Investment Gains Losses, Net) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	$ (48,635)	$ (49,042)
Fixed maturities
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	(4,184)	(809)
Commercial mortgage and other loans
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	7	131
LPs/LLCs
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	12	847
Derivatives
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	(44,477)	(49,193)
Short-term investments and cash equivalents
Schedule Of Gain Loss On Investments [Line Items]
Realized investment gains (losses), net	$ 7	$ (18)

Investments (Net Unrealized Gai

Investments (Net Unrealized Gains Losses on Investments by Asset Class) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	$ 161,330	$ (17,321)
Fixed maturities | Available-for-sale | OTTI
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	(408)	(689)
Fixed maturities | Available-for-sale | All other
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	138,456	(44,619)
Derivatives designated as cash flow hedges
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	15,441	22,122
Affiliated notes
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	2,899	810
Other investments
Gain (Loss) on Securities [Line Items]
Net Unrealized Gains (Losses) on Investments	$ 4,942	$ 5,055

Investments (Repurchase Agreeme

Investments (Repurchase Agreement and Securities Lending) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	$ 10,334	$ 11,063
Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	10,334	11,063
Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	0	0
30 days or greater
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	0	0
US Treasury securities and obligations of U.S. government authorities and agencies
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	3,109	8,169
US Treasury securities and obligations of U.S. government authorities and agencies | Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	3,109	8,169
US Treasury securities and obligations of U.S. government authorities and agencies | Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	0	0
Foreign government bonds
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	2,121	0
Foreign government bonds | Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	2,121	0
Foreign government bonds | Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	0	0
U.S. public corporate securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	2,745	628
U.S. public corporate securities | Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	2,745	628
U.S. public corporate securities | Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	0	0
Foreign public corporate securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	2,359	2,266
Foreign public corporate securities | Overnight & Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	2,359	2,266
Foreign public corporate securities | Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Total cash collateral for loaned securities	$ 0	$ 0

Derivative Instruments (Gross N

Derivative Instruments (Gross Notional Amount and Fair Value of Derivatives Contracts) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Derivative [Line Items]
Notional	$ 3,245,456	$ 3,070,256
Assets	131,368	77,890
Liabilities	(39,763)	(26,862)
Derivatives Designated as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	738,998	719,476
Assets	33,171	38,333
Liabilities	(19,619)	(16,638)
Derivatives Designated as Hedge Accounting Instruments: | Foreign Currency Swaps
Derivative [Line Items]
Notional	738,998	719,476
Assets	33,171	38,333
Liabilities	(19,619)	(16,638)
Derivatives Not Qualifying as Hedge Accounting Instruments:
Derivative [Line Items]
Notional	2,506,458	2,350,780
Assets	98,197	39,557
Liabilities	(20,144)	(10,224)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Interest Rate Swaps
Derivative [Line Items]
Notional	246,925	246,925
Assets	20,945	15,665
Liabilities	0	(3,174)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Foreign Currency Forwards
Derivative [Line Items]
Notional	23,318	23,043
Assets	331	277
Liabilities	(38)	(20)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Credit Default Swaps
Derivative [Line Items]
Notional	0	756
Assets	0	0
Liabilities	0	(9)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Foreign Currency Swaps
Derivative [Line Items]
Notional	113,062	98,363
Assets	5,987	6,303
Liabilities	(1,035)	(2,109)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Equity Options
Derivative [Line Items]
Notional	2,123,153	1,981,693
Assets	70,934	17,312
Liabilities	$ (19,071)	$ (4,912)

Derivative Instruments (Offsett

Derivative Instruments (Offsetting Assets and Liabilities) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Derivatives Assets
Gross Amounts of Recognized Financial Instruments	$ 131,365	$ 77,887
Gross Amounts Offset in the Consolidated Statement of Financial Position	(115,900)	(27,078)
Net Amounts Presented in the Consolidated Statement of Financial Position	15,465	50,809
Financial Instruments/Collateral	(12,809)	(7,307)
Net Amount	2,656	43,502
Securities Purchased under Agreements to Resell
Gross Amounts of Recognized Financial Instruments	0	143,000
Gross Amounts Offset in the Consolidated Statement of Financial Position	0	0
Net Amounts Presented in the Consolidated Statement of Financial Position	0	143,000
Financial Instruments/Collateral	0	(143,000)
Net Amount	0	0
Total Assets
Gross Amounts of Recognized Financial Instruments	131,365	220,887
Gross Amounts Offset in the Consolidated Statement of Financial Position	(115,900)	(27,078)
Net Amounts Presented in the Consolidated Statement of Financial Position	15,465	193,809
Financial Instruments/Collateral	(12,809)	(150,307)
Net Amount	2,656	43,502
Derivatives Liabilities
Gross Amounts of Recognized Financial Instruments	39,763	26,862
Gross Amounts Offset in the Consolidated Statement of Financial Position	(39,763)	(26,862)
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	0	0
Gross Amounts Offset in the Consolidated Statement of Financial Position	0	0
Net Amounts Presented in the Consolidated Statement of Financial Position	0	0
Financial Instruments/Collateral	0	0
Net Amount	0	0
Total Liabilities
Gross Amounts of Recognized Financial Instruments	39,763	26,862
Gross Amounts Offset in the Consolidated Statement of Financial Position	(39,763)	(26,862)
Net Amounts Presented in the Consolidated Statement of Financial Position	0	0
Financial Instruments/Collateral	0	0
Net Amount	$ 0	$ 0

Derivative Instruments (Financi

Derivative Instruments (Financial Statement Classification and Impact of Derivatives Used in Qualifying and Non-qualifying Hedge Relationships) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	$ (44,477)	$ (49,193)
Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	2,069	1,538
Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(1,514)	(687)
AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(6,654)	(22,862)
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	(160)	(517)
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	2,069	1,538
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(1,515)	(664)
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(6,654)	(22,862)
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	(160)	(517)
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	2,069	1,538
Derivatives Designated as Hedge Accounting Instruments: | Cash flow hedges | Currency/Interest Rate | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(1,515)	(664)
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	(6,654)	(22,862)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	(44,317)	(48,676)
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	1	(23)
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	7,616	(9,401)
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	(20)	(556)
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency | Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency | AOCI
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	0	0
Derivatives Not Qualifying as Hedge Accounting Instruments: | Currency/Interest Rate | Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, gain (loss) on derivatives, net	1,430	(3,334)
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	1	(23)
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	(1)	(1)
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	28,863	(4,757)
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	(82,205)	(30,627)
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) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cumulative effect of adoption		$ (27)
Cash flow hedgers in AOCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Balance, beginning	$ 22,122
Amount Recorded in AOCI	(6,260)
Amounts reclassified into current period earnings	(394)
Balance, ending	15,441
Currency/Interest Rate | Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Amount Recorded in AOCI	(6,260)
Amounts reclassified into current period earnings	$ (394)

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Derivative [Line Items]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 7
Credit Protection Purchased Notional Amounts	0	$ 1
Credit Derivative Protection Purchased Fair Value Asset (Liability)	0	0
Future Policy Benefits
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset (Liability), Net	(6,459)	(5,589)
Reinsurance Recoverables
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset (Liability), Net	6,468	5,600
Reinsurance Recoverables | PALAC and Prudential Insurance
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset (Liability), Net	6,430	5,585
Reinsurance Recoverables | Union Hamilton Reinsurance, Ltd.
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset (Liability), Net	38	15
Policyholders' account balances
Derivative [Line Items]
Embedded Derivative, Fair Value of Embedded Derivative Asset (Liability), Net	$ (53)	$ (13)

Fair Value of Assets and Liab_3

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, 2019	Dec. 31, 2018
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	$ 5,606,209	$ 5,199,595
Fixed maturities, trading	43,000	41,627
Equity securities	34,747	36,922
Other invested assets	358,288	377,429
Reinsurance recoverables	36,106,323	34,682,127
Receivables from parent and affiliates	278,050	289,580
Separate account assets	128,998,408	119,077,916
TOTAL ASSETS	176,465,155	164,680,784
Future policy benefits	20,943,806	19,476,394
Payables to parent and affiliates	217,073	229,345
TOTAL LIABILITIES	173,512,753	161,947,553
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	6,459,000	5,589,000
Embedded Derivative, Fair Value of Embedded Derivative Gross Asset	623,000	633,000
Embedded Derivative, Fair Value of Embedded Derivative Gross Liability	7,082,000	6,222,000
Fair Value, Measurements, Recurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	5,606,209	5,199,595
Fixed maturities, trading	43,000	41,627
Equity securities	34,747	36,922
Cash equivalents	355,168	216,946
Other invested assets	15,468	50,812
Reinsurance recoverables	6,468,704	5,600,008
Receivables from parent and affiliates	128,479	134,642
Subtotal excluding separate account assets	12,651,775	11,280,552
Separate account assets	124,615,650	114,947,872
TOTAL ASSETS	137,267,425	126,228,424
Future policy benefits	6,459,377	5,588,840
Policyholders’ account balances	53,136	13,015
Payables to parent and affiliates	0	0
TOTAL LIABILITIES	6,512,513	5,601,855
Asset Netting	(115,900)	(27,078)
Liability Netting	(39,763)	(26,862)
Netting	76,100	200
Fair Value, Measurements, Recurring | Other invested assets
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Asset Netting	(115,900)	(27,078)
Fair Value, Measurements, Recurring | Payables to parent and affiliates
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liability Netting	(39,763)	(26,862)
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	79,999	77,470
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	639,606	622,758
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	214,812	201,947
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	2,005,262	1,731,625
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	900,957	883,338
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	295,856	262,023
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	880,546	827,379
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	149,733	157,596
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	351,769	346,396
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	87,669	89,063
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
Fixed maturities, trading	0	0
Equity securities	140	131
Cash equivalents	104,949	69,903
Other invested assets	0	0
Reinsurance recoverables	0	0
Receivables from parent and affiliates	0	0
Subtotal excluding separate account assets	105,089	70,034
Separate account assets	0	0
TOTAL ASSETS	105,089	70,034
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 | Asset-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 | 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 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	5,439,093	5,106,635
Fixed maturities, trading	43,000	41,627
Equity securities	18,616	20,794
Cash equivalents	250,219	147,043
Other invested assets	131,364	77,886
Reinsurance recoverables	0	0
Receivables from parent and affiliates	120,687	125,381
Subtotal excluding separate account assets	6,002,979	5,519,366
Separate account assets	124,615,650	114,947,872
TOTAL ASSETS	130,618,629	120,467,238
Future policy benefits	0	0
Policyholders’ account balances	0	0
Payables to parent and affiliates	39,763	26,862
TOTAL LIABILITIES	39,763	26,862
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	47,811	47,654
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	639,606	622,758
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	214,648	201,947
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	2,005,259	1,731,623
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	857,453	838,497
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	295,645	262,023
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	869,304	815,634
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	147,000	151,040
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	274,698	346,396
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	87,669	89,063
Fair Value, Measurements, Recurring | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fixed maturities, available-for-sale	167,116	92,960
Fixed maturities, trading	0	0
Equity securities	15,991	15,997
Cash equivalents	0	0
Other invested assets	4	4
Reinsurance recoverables	6,468,704	5,600,008
Receivables from parent and affiliates	7,792	9,261
Subtotal excluding separate account assets	6,659,607	5,718,230
Separate account assets	0	0
TOTAL ASSETS	6,659,607	5,718,230
Future policy benefits	6,459,377	5,588,840
Policyholders’ account balances	53,136	13,015
Payables to parent and affiliates	0	0
TOTAL LIABILITIES	6,512,513	5,601,855
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	32,188	29,816
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	164	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	3	2
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	43,504	44,841
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	211	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	11,242	11,745
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	2,733	6,556
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	77,071	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
Other invested assets
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value investment measured at NAV per share	73,000	70,000
Separate Account Assets
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value investment measured at NAV per share	$ 4,383,000	$ 4,130,000

Fair Value of Assets and Liab_4

Fair Value of Assets and Liabilities (Quantitative Info for Level 3 Inputs) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Corporate securities	$ 28,920	$ 31,824
Future policy benefits	20,943,806	19,476,394
Fair Value, Measurements, Recurring
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Future policy benefits	$ 6,459,377	5,588,840
Level 3 | Minimum
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Fair Value Inputs, Policyholder Age	50 years
Level 3 | Minimum | Future policy benefits
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Mortality rate	0.00%
Level 3 | Maximum
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Fair Value Inputs, Policyholder Age	90 years
Level 3 | Fair Value, Measurements, Recurring
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Future policy benefits	$ 6,459,377	$ 5,588,840
Level 3 | Internal | Minimum | Discounted cash flow | Future policy benefits
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	1.00%	1.00%
Spread over LIBOR	0.12%	0.36%
Utilization rate	50.00%	50.00%
Withdrawal rate (greater than maximum range)	78.00%	78.00%
Mortality rate	0.00%	0.00%
Equity volatility curve	15.00%	18.00%
Level 3 | Internal | Minimum | Discounted cash flow | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount Rate	8.25%	7.00%
Level 3 | Internal | Minimum | Liquidation | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value	13.18%	40.71%
Level 3 | Internal | Maximum | Discounted cash flow | Future policy benefits
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Lapse rate	13.00%	13.00%
Spread over LIBOR	1.35%	1.60%
Utilization rate	97.00%	97.00%
Withdrawal rate (greater than maximum range)	100.00%	100.00%
Mortality rate	15.00%	15.00%
Equity volatility curve	22.00%	22.00%
Level 3 | Internal | Maximum | Discounted cash flow | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount Rate	20.00%	20.00%
Level 3 | Internal | Maximum | Liquidation | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value	13.18%	40.71%
Level 3 | Internal | Weighted Average | Discounted cash flow | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Discount Rate	13.69%	10.21%
Level 3 | Internal | Weighted Average | Liquidation | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Liquidation value	13.18%	40.71%
Level 3 | Internal | Fair Value, Measurements, Recurring | Future policy benefits
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Future policy benefits	$ 6,459,377	$ 5,588,840
Level 3 | Internal | Fair Value, Measurements, Recurring | Corporate securities
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Corporate securities	23,065	31,503
Level 3 | Internal | Fair Value, Measurements, Recurring | Reinsurance recoverables
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Reinsurance recoverables	$ 6,468,704	$ 5,600,008

Fair Value of Assets and Liab_5

Fair Value of Assets and Liabilities (Changes in Level 3 Assets and Liabilities) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	$ 15,997	$ 17,525
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	15,991	17,039
Total gains (losses) (realized/unrealized):
Included in earnings	(6)	(486)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(6)	(486)
Equity securities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Equity securities | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	(6)	(486)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(6)	(486)
Equity securities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Equity securities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Other invested assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	4	0
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Other	0	0
Transfers into Level 3	0	9
Transfers out of Level 3	0	0
Fair Value, end of period	4	10
Total gains (losses) (realized/unrealized):
Included in earnings	0	1
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	2
Other invested assets | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	1
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	2
Other invested assets | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Other invested assets | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Other invested assets | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Short-term Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0	1,339
Purchases	0	3,400
Sales	0	0
Issuances	0	0
Settlements	0	(3,513)
Other	0	(14)
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	0	1,194
Total gains (losses) (realized/unrealized):
Included in earnings	0	(18)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	(18)
Short-term Investments | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	(18)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	(18)
Short-term Investments | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Short-term Investments | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Short-term Investments | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Reinsurance recoverables
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	5,600,008	5,457,649
Purchases	235,378	219,457
Sales	0	0
Issuances	0	0
Settlements	0	0
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	6,468,704	4,214,114
Total gains (losses) (realized/unrealized):
Included in earnings	633,318	(1,462,992)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	677,444	(1,409,320)
Reinsurance recoverables | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	633,318	(1,462,992)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	677,444	(1,409,320)
Reinsurance recoverables | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Reinsurance recoverables | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Reinsurance recoverables | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	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	9,261	0
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	(1,580)	0
Other	0	0
Transfers into Level 3	0	6,551
Transfers out of Level 3	0	0
Fair Value, end of period	7,792	6,531
Total gains (losses) (realized/unrealized):
Included in earnings	111	(20)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Receivables from parents and affiliates | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Receivables from parents and affiliates | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	(20)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Receivables from parents and affiliates | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Receivables from parents and affiliates | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	111	0
Future policy benefits
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(5,588,840)	(5,452,583)
Purchases	0	0
Sales	0	0
Issuances	(233,435)	(226,345)
Settlements	0	0
Other	0	0
Transfers Into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	(6,459,377)	(4,191,373)
Total gains (losses) (realized/unrealized):
Included in earnings	(637,102)	1,487,555
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(681,227)	1,433,872
Future policy benefits | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(637,102)	1,487,555
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(681,227)	1,433,872
Future policy benefits | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Future policy benefits | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Future policy benefits | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Policyholders' account balances
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	(13,015)	(46,651)
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	(6,507)	2,122
Other	0	0
Transfers Into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	(53,136)	(39,516)
Total gains (losses) (realized/unrealized):
Included in earnings	(33,614)	5,013
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(33,614)	5,013
Policyholders' account balances | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(33,614)	5,013
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(33,614)	5,013
Policyholders' account balances | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Policyholders' account balances | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Policyholders' account balances | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Other liabilities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period		0
Purchases		8,825
Sales		0
Issuances		0
Settlements		0
Other		0
Transfers Into Level 3		0
Transfers out of Level 3		0
Fair Value, end of period		(15,955)
Total gains (losses) (realized/unrealized):
Included in earnings		(24,780)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings		(24,780)
Other liabilities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings		(24,780)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings		(24,780)
Other liabilities | Other income
Total gains (losses) (realized/unrealized):
Included in earnings		0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings		0
Other liabilities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings		0
Other liabilities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings		0
Available-for-sale | Fixed maturities | Realized investment gains (losses), net
Total gains (losses) (realized/unrealized):
Included in earnings	(2,402)	68
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(3,163)	(26)
Available-for-sale | Fixed maturities | Other income
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Available-for-sale | Fixed maturities | Included in other comprehensive income (loss)
Total gains (losses) (realized/unrealized):
Included in earnings	164	914
Available-for-sale | Fixed maturities | Net investment income
Total gains (losses) (realized/unrealized):
Included in earnings	99	77
Available-for-sale | Fixed maturities | US government
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	29,816	19,204
Purchases	2,372	2,365
Sales	0	0
Issuances	0	0
Settlements	0	0
Other	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Fair Value, end of period	32,188	21,569
Total gains (losses) (realized/unrealized):
Included in earnings	0	0
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Available-for-sale | Fixed maturities | Foreign government bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	0	0
Purchases	0	0
Sales	0	0
Issuances	0	0
Settlements	0	0
Other	0	174
Transfers into Level 3	159	0
Transfers out of Level 3	0	0
Fair Value, end of period	164	166
Total gains (losses) (realized/unrealized):
Included in earnings	5	(8)
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	0	0
Available-for-sale | Fixed maturities | Corporate securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	56,588	75,421
Purchases	1,331	1,022
Sales	(28)	0
Issuances	0	0
Settlements	(7,097)	(4,570)
Other	1	15
Transfers into Level 3	7,577	0
Transfers out of Level 3	0	(209)
Fair Value, end of period	54,960	72,615
Total gains (losses) (realized/unrealized):
Included in earnings	(3,412)	936
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	(3,163)	(26)
Available-for-sale | Fixed maturities | Structured securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, beginning of period	6,556	111,028
Purchases	0	190
Sales	(1)	0
Issuances	0	0
Settlements	(3,979)	(3,195)
Other	0	0
Transfers into Level 3	75,960	13,513
Transfers out of Level 3	0	(26,794)
Fair Value, end of period	79,804	94,873
Total gains (losses) (realized/unrealized):
Included in earnings	1,268	131
Unrealized gains (losses) for assets/liabilities still held:
Included in earnings	$ 0	$ 0

Fair Value of Assets and Liab_6

Fair Value of Assets and Liabilities (Financial Instruments where Carrying Amounts and Fair Values May Differ) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Assets:
Policy loans	$ 1,251,094	$ 1,236,077
Cash and cash equivalents	403,283	416,840	$ 81,186	$ 212,569
Accrued investment income	89,358	88,278
Receivables from parent and affiliates	278,050	289,580
Liabilities:
Cash collateral for loaned securities	10,334	11,063
Fair Value
Assets:
Commercial mortgage and other loans	1,240,689	1,214,350
Policy loans	1,251,094	1,236,077
Cash and cash equivalents	48,115	199,894
Accrued investment income	89,358	88,278
Receivables from parent and affiliates	149,571	154,938
Other assets	35,112	28,950
Total assets	2,813,939	2,922,487
Liabilities:
Policyholders’ account balances - investment contracts	1,502,794	1,479,069
Cash collateral for loaned securities	10,334	11,063
Payables to parent and affiliates	217,073	229,345
Other liabilities	358,256	372,997
Total liabilities	2,088,457	2,092,474
Carrying Amount
Assets:
Commercial mortgage and other loans	1,212,618	1,209,150
Policy loans	1,251,094	1,236,077
Cash and cash equivalents	48,115	199,894
Accrued investment income	89,358	88,278
Receivables from parent and affiliates	149,571	154,938
Other assets	35,112	28,950
Total assets	2,785,868	2,917,287
Liabilities:
Policyholders’ account balances - investment contracts	1,507,136	1,486,929
Cash collateral for loaned securities	10,334	11,063
Payables to parent and affiliates	217,073	229,345
Other liabilities	358,256	372,997
Total liabilities	2,092,799	2,100,334
Level 1 | Fair Value
Assets:
Commercial mortgage and other loans	0	0
Policy loans	0	0
Cash and cash equivalents	48,115	56,894
Accrued investment income	0	0
Receivables from parent and affiliates	0	0
Other assets	0	0
Total assets	48,115	56,894
Liabilities:
Policyholders’ account balances - investment contracts	0	0
Cash collateral for loaned securities	0	0
Payables to parent and affiliates	0	0
Other liabilities	0	0
Total liabilities	0	0
Level 2 | Fair Value
Assets:
Commercial mortgage and other loans	0	0
Policy loans	0	0
Cash and cash equivalents	0	143,000
Accrued investment income	89,358	88,278
Receivables from parent and affiliates	149,571	154,938
Other assets	35,112	28,950
Total assets	274,041	415,166
Liabilities:
Policyholders’ account balances - investment contracts	1,226,786	1,206,747
Cash collateral for loaned securities	10,334	11,063
Payables to parent and affiliates	217,073	229,345
Other liabilities	358,256	372,997
Total liabilities	1,812,449	1,820,152
Level 3 | Fair Value
Assets:
Commercial mortgage and other loans	1,240,689	1,214,350
Policy loans	1,251,094	1,236,077
Cash and cash equivalents	0	0
Accrued investment income	0	0
Receivables from parent and affiliates	0	0
Other assets	0	0
Total assets	2,491,783	2,450,427
Liabilities:
Policyholders’ account balances - investment contracts	276,008	272,322
Cash collateral for loaned securities	0	0
Payables to parent and affiliates	0	0
Other liabilities	0	0
Total liabilities	$ 276,008	$ 272,322

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Change in Accounting Estimate [Line Items]
Income tax expense (benefit)	$ (16,880)	$ (2,699)
Effective income tax rate, percent	(23.57%)	(29.20%)
Federal Statutory income tax rate, percent	21.00%

Reinsurance (Reinsurance amount

Reinsurance (Reinsurance amounts included in the Statements of Financial Position) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Effects of Reinsurance [Line Items]
Reinsurance recoverables	$ 36,106,323	$ 34,682,127
Policy loans	1,251,094	1,236,077
Deferred policy acquisition costs	1,675,860	1,613,922
Other assets	378,154	365,219
Future policy benefits	20,943,806	19,476,394
Other liabilities	1,133,756	1,093,143
Impacts of Reinsurance
Effects of Reinsurance [Line Items]
Reinsurance recoverables	36,106,323	34,682,127
Policy loans	(132,433)	(130,502)
Deferred policy acquisition costs	(7,255,866)	(7,267,847)
Deferred sales inducements	(567,015)	(562,052)
Other assets	171,968	185,573
Policyholders’ account balances	4,986,354	5,004,112
Future policy benefits	3,619,334	3,376,048
Other liabilities	653,666	621,856
Unaffiliated activity
Effects of Reinsurance [Line Items]
Other assets	100	100
Other liabilities	$ 39,000	$ 27,000

Reinsurance (Reinsurance Recove

Reinsurance (Reinsurance Recoverable by Counterparty) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	$ 36,106,323	$ 34,682,127
PAR U
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	11,680,401	11,444,032
PALAC
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	9,622,605	8,828,190
PURC
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	4,211,368	4,127,455
PARCC
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	2,484,194	2,527,690
GUL Re
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	2,044,196	2,017,810
PAR Term
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	1,691,610	1,678,745
Prudential of Taiwan
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	1,424,669	1,414,669
Term Re
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	1,347,453	1,259,141
Prudential Insurance
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	1,355,025	1,226,917
DART
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	168,676	119,946
Unaffiliated
Effects of Reinsurance [Line Items]
Total reinsurance recoverables	$ 76,126	$ 37,532

Reinsurance (Reinsurance amou_2

Reinsurance (Reinsurance amounts included in the Statement of Operations and Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Premiums:
Direct	$ 462,271	$ 441,955
Assumed	54	60
Ceded	(448,331)	(434,100)
Net premiums	13,994	7,915
Policy charges and fee income:
Direct	853,195	846,247
Assumed	126,959	121,709
Ceded	(840,965)	(838,801)
Net policy charges and fee income	139,189	129,155
Net investment income:
Direct	94,558	79,149
Assumed	396	373
Ceded	(1,704)	(1,607)
Net investment income	93,250	77,915
Asset administration fees:
Direct	83,868	87,033
Assumed	0	0
Ceded	(80,211)	(83,560)
Net asset administration fees	3,657	3,473
Other income:
Direct	19,798	17,253
Assumed	(200)	(90)
Ceded	(23)	(52)
Amortization of reinsurance income	1,382	2,185
Net other income	20,957	19,296
Realized investment gains (losses), net:
Direct	(635,511)	1,474,762
Assumed	0	0
Ceded	586,876	(1,523,804)
Realized investment gains (losses), net	(48,635)	(49,042)
Policyholders’ benefits (including change in reserves):
Direct	646,311	651,672
Assumed	211,750	112,802
Ceded	(818,583)	(712,738)
Net policyholders’ benefits (including change in reserves)	39,478	51,736
Interest credited to policyholders’ account balances:
Direct	94,691	124,734
Assumed	30,657	36,517
Ceded	(81,151)	(120,453)
Net interest credited to policyholders’ account balances	44,197	40,798
Reinsurance expense allowances and general and administrative expenses, net of capitalization and amortization	(344,015)	(434,371)
Unaffiliated activity
Premiums:
Assumed	100	100
Ceded	(100)	0
Policy charges and fee income:
Ceded	(5,000)	(2,000)
Other income:
Assumed	(200)	(100)
Realized investment gains (losses), net:
Ceded	14,000	(38,000)
Policyholders’ benefits (including change in reserves):
Assumed	(200)	(100)
Ceded	$ (2,000)	$ (2,000)

Reinsurance (Life Insurance In

Reinsurance (Life Insurance In Force) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2018
Reinsurance Disclosures [Abstract]
Direct gross life insurance face amount in force	$ 951,643,226	$ 893,787,108
Assumed gross life insurance face amount in force	40,546,369	41,584,568
Reinsurance ceded	(913,655,428)	(864,942,222)
Net life insurance face amount in force	$ 78,534,167	$ 70,429,454

Reinsurance (Narrative) (Detail

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

Jan. 01, 2018

Jan. 01, 2017

Dec. 31, 2013

Jul. 01, 2012

Dec. 31, 2010

Dec. 31, 2009

Jan. 31, 2001

Mar. 31, 2019

Dec. 31, 2016

Dec. 31, 2016

Dec. 31, 2013

Dec. 31, 2017

Dec. 31, 2013

Dec. 31, 2018

Effects of Reinsurance [Line Items]

Reinsurance recoverables

$ 36,106,323

$ 34,682,127

PAR U

Effects of Reinsurance [Line Items]

Reinsurance recoverables

11,680,401

11,444,032

PURC

Effects of Reinsurance [Line Items]

Reinsurance recoverables

4,211,368

4,127,455

PARCC

Effects of Reinsurance [Line Items]

Reinsurance recoverables

2,484,194

2,527,690

GUL Re

Effects of Reinsurance [Line Items]

Reinsurance recoverables

2,044,196

2,017,810

PAR Term

Effects of Reinsurance [Line Items]

Reinsurance recoverables

1,691,610

1,678,745

Prudential of Taiwan

Effects of Reinsurance [Line Items]

Reinsurance recoverables

1,424,669

1,414,669

Term Re

Effects of Reinsurance [Line Items]

Reinsurance recoverables

1,347,453

1,259,141

Prudential Insurance

Effects of Reinsurance [Line Items]

Reinsurance recoverables

1,355,025

1,226,917

DART

Effects of Reinsurance [Line Items]

Reinsurance recoverables

168,676

$ 119,946

Union Hamilton Reinsurance, Ltd.

Effects of Reinsurance [Line Items]

Reinsurance recoverables

$ 3,100,000

Union Hamilton Reinsurance, Ltd. | Quote Share Reinsurance

Effects of Reinsurance [Line Items]

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 | GUL Re

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

95.00%

30.00%

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 | Term Re

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

95.00%

Affiliated Entity | Prudential Insurance

Effects of Reinsurance [Line Items]

Reinsurance Retention Policy, Reinsured Risk, Percentage

100.00%

Affiliated Entity | DART

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, 2019	Mar. 31, 2018	Dec. 31, 2018
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance		$ (28,296)
Income tax benefit (expense)		(33,633)	$ 30,700
Cumulative effect of adoption				$ (27)
Ending Balance		104,205
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance		(17,448)	(234)
Change in OCI before reclassifications		6,049	(923)
Amounts reclassified from AOCI		0	0
Income tax benefit (expense)		(19)	194
Ending Balance		(11,418)	(1,013)
Net unrealized investment gains (losses)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance		(10,848)	165,580
Change in OCI before reclassifications		156,295	(145,541)
Amounts reclassified from AOCI		3,790	490
Income tax benefit (expense)		(33,614)	30,506
Ending Balance		115,623	79,945
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance		(28,296)	165,346
Change in OCI before reclassifications		162,344	(146,464)
Amounts reclassified from AOCI		3,790	490
Income tax benefit (expense)		(33,633)	30,700
Cumulative effect of adoption	[1]	0
Ending Balance		104,205	78,932
ASU 2016-01 | Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Cumulative effect of adoption			0
ASU 2016-01 | Net unrealized investment gains (losses)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Cumulative effect of adoption			(1,539)
ASU 2016-01 | Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Cumulative effect of adoption			(1,539)
ASU 2018-02 | Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Cumulative effect of adoption			(50)
ASU 2018-02 | Net unrealized investment gains (losses)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Cumulative effect of adoption			30,449
ASU 2018-02 | Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Cumulative effect of adoption			30,399
Cash flow hedges | Net unrealized investment gains (losses)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance		(18,000)	41,000
Ending Balance		$ 15,000	$ 1,000
[1]	(1)Includes the impact from the adoption of ASUs 2017-08 and 2017-12. See Note 2.

Equity (Reclassification out of

Equity (Reclassification out of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Net unrealized investment gains (losses)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	$ 3,790	$ 490
Total reclassifications for the period
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	3,790	490
Amounts reclassified from AOCI | Net unrealized investment gains (losses)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(3,790)	(490)
Amounts reclassified from AOCI | Total reclassifications for the period
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from AOCI	(3,790)	(490)
Amounts reclassified from AOCI | 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)	(4,184)	(809)
Amounts reclassified from AOCI | Currency/Interest rate | Cash flow hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net unrealized investment gains (losses)	$ 394	$ 319

Equity (OTTI Net Unrealized Inv

Equity (OTTI Net Unrealized Investment Gains (Losses) in AOCI) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	$ (28,296)
Ending Balance	104,205
Accumulated Other Comprehensive Income (Loss) Related To Net Unrealized Investment Gains (Losses)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(10,848)
Ending Balance	115,623
OTTI | Net Unrealized Gains (Losses) on Investments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(689)
Net investment gains (losses) on investments arising during the period	573
Reclassification adjustment for (gains) losses included in net income	(85)
Reclassification adjustment for OTTI (gains) losses excluded from net income	(207)
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	(408)
OTTI | Deferred Policy Acquisition Costs and Other Costs
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(152)
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 (gains) losses excluded from net income	0
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs	110
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders' account balances	0
Ending Balance	(42)
OTTI | Future Policy Benefits and Policyholders’ Account Balances
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	37
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 (gains) 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	(65)
Ending Balance	(28)
OTTI | Deferred Income Tax (Liability) Benefit
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(192)
Net investment gains (losses) on investments arising during the period	(120)
Reclassification adjustment for (gains) losses included in net income	18
Reclassification adjustment for OTTI (gains) losses excluded from net income	43
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs	(23)
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders' account balances	14
Ending Balance	(260)
OTTI | Accumulated Other Comprehensive Income (Loss) Related To Net Unrealized Investment Gains (Losses)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(996)
Net investment gains (losses) on investments arising during the period	453
Reclassification adjustment for (gains) losses included in net income	(67)
Reclassification adjustment for OTTI (gains) losses excluded from net income	(164)
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs	87
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders' account balances	(51)
Ending Balance	$ (738)

Equity (All Other Net Unrealize

Equity (All Other Net Unrealized Investment Gains (Losses) in AOCI) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	$ (28,296)
Ending Balance	104,205
Accumulated Other Comprehensive Income (Loss) Related To Net Unrealized Investment Gains (Losses)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(10,848)
Ending Balance	115,623
All Other | Net Unrealized Gains (Losses) on Investments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(16,632)
Net investment gains (losses) on investments arising during the period	174,288
Reclassification adjustment for (gains) losses included in net income	3,875
Reclassification adjustment for OTTI (gains) losses excluded from net income	207
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	161,738
All Other | Deferred Policy Acquisition Costs and Other Costs
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(65,743)
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 (gains) losses excluded from net income	0
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs	141,369
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders' account balances	0
Ending Balance	75,626
All Other | Future Policy Benefits and Policyholders’ Account Balances
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	68,005
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 (gains) 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	(159,980)
Ending Balance	(91,975)
All Other | Deferred Income Tax (Liability) Benefit
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	4,518
Net investment gains (losses) on investments arising during the period	(36,596)
Reclassification adjustment for (gains) losses included in net income	(814)
Reclassification adjustment for OTTI (gains) losses excluded from net income	(43)
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs	(29,684)
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders' account balances	33,591
Ending Balance	(29,028)
All Other | Accumulated Other Comprehensive Income (Loss) Related To Net Unrealized Investment Gains (Losses)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(9,852)
Net investment gains (losses) on investments arising during the period	137,692
Reclassification adjustment for (gains) losses included in net income	3,061
Reclassification adjustment for OTTI (gains) losses excluded from net income	164
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and other costs	111,685
Impact of net unrealized investment (gains) losses on future policy benefits and policyholders' account balances	(126,389)
Ending Balance	$ 116,361

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2019USD ($)policy	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)
Related Party Transaction [Line Items]
Commissions and fees	$ 139,189,000	$ 129,155,000
Other invested assets	358,288,000		$ 377,429,000
Net investment income	93,250,000	77,915,000
Fee income from revenue sharing agreement	3,657,000	3,473,000
Debt Outstanding	0		0
Contributed Capital	0
Dividends	0		0
Prudential Insurance
Related Party Transaction [Line Items]
Contributed Capital		6,000,000
Prudential Insurance
Related Party Transaction [Line Items]
Stock option program plan expense	100,000	200,000
Deferred compensation program expense	3,000,000	2,000,000
Pension plan expense	5,000,000	6,000,000
Welfare plan expense	$ 6,000,000	7,000,000
Defined contribution plan, employer matching contribution, percent (up to)	4.00%
Defined contribution plan, cost recognized	$ 2,000,000	3,000,000
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	$ 4,014,000,000		3,631,000,000
Fees related to Life Insurance, Corporate or Bank Owned, amount	13,000,000	12,000,000
Maximum amount of mortality risk	3,500,000
Prudential Financial
Related Party Transaction [Line Items]
Company's share of corporate expenses	$ 17,000,000	18,000,000
Number of Corporate Owned Life Insurance policies sold | policy	1
Affiliated Entity
Related Party Transaction [Line Items]
Accrued interest receivable related to long-tern notes receivable	$ 600,000		1,000,000
Revenues related to long-term notes receivable	1,000,000	1,000,000
Line of credit facility, maximum borrowing capacity	2,200,000,000
Interest expense related to loans payable	200,000	100,000
Affiliated Entity | PAD
Related Party Transaction [Line Items]
Commissions and fees	179,000,000	175,000,000
Affiliated Entity | ASTISI and PGIM Investments
Related Party Transaction [Line Items]
Fee income from revenue sharing agreement	81,000,000	84,000,000
Affiliated Entity | PGIM Investments
Related Party Transaction [Line Items]
Fee income from revenue sharing agreement	2,000,000	2,000,000
Affiliated Entity | PGIM
Related Party Transaction [Line Items]
Net investment income	3,000,000	3,000,000
Prudential Financial Joint Ventures
Related Party Transaction [Line Items]
Other invested assets	96,000,000		$ 88,000,000
Net investment income	$ 5,000,000	$ 100,000

Related Party Transactions (Aff

Related Party Transactions (Affiliated Notes Receivable) (Details) - Affiliated Entity - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Total notes receivable - affiliated	$ 128,479	$ 134,642
U.S. dollar floating rate notes
Related Party Transaction [Line Items]
Total notes receivable - affiliated	$ 0	6,502
U.S. dollar floating rate notes | Minimum
Related Party Transaction [Line Items]
Interest Rates	4.02%
U.S. dollar floating rate notes | Maximum
Related Party Transaction [Line Items]
Interest Rates	4.23%
U.S. Dollar fixed rate notes
Related Party Transaction [Line Items]
Total notes receivable - affiliated	$ 128,479	$ 128,140
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 (A_2

Related Party Transactions (Affiliated Asset Transfers) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Related Party Transaction [Line Items]
Realized investment gains (losses)	$ (48,635)	$ (49,042)
Affiliated Entity | DART January 2018 Purchase
Related Party Transaction [Line Items]
Fair Value	21,457
Book Value	21,457
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	0
Affiliated Entity | PALAC2 April 2018 Purchase
Related Party Transaction [Line Items]
Fair Value	64,313
Book Value	64,313
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	0
Affiliated Entity | GULRe4 May 2018 Purchase
Related Party Transaction [Line Items]
Fair Value	87,486
Book Value	87,486
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	0
Affiliated Entity | GULRe5 May 2018 Purchase
Related Party Transaction [Line Items]
Fair Value	37,921
Book Value	37,921
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	0
Affiliated Entity | PruRealtySecurities Nov 2018 Purchase
Related Party Transaction [Line Items]
Fair Value	3,259
Book Value	3,425
APIC, Net of Tax Increase/(Decrease)	0
Realized investment gains (losses)	(167)
Affiliated Entity | PrudentialInsuranceFeb2019 Sale
Related Party Transaction [Line Items]
Fair Value	4,995
Book Value	5,000
APIC, Net of Tax Increase/(Decrease)	(4)
Realized investment gains (losses)	$ 0

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Narrative) (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018	Jul. 31, 2017
Commitments and Contingent Liabilities [Line Items]
Litigation and regulatory matters loss contingency, range of possible loss, maximum (less than)	$ 100
Indonesia
Commitments and Contingent Liabilities [Line Items]
Joint Venture with CT Corp, Ownership Percentage			49.00%
Commitments | Commercial Mortgage Loans
Commitments and Contingent Liabilities [Line Items]
Total outstanding mortgage loan commitments	40	$ 14
Commitments | Investments
Commitments and Contingent Liabilities [Line Items]
Commitments to Purchase Investment (excluding Commercial Mortgage Loans)	$ 276	$ 257

Revision to Prior Year Inform_3

Revision to Prior Year Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
REVENUES
Policy charges and fee income	$ 139,189	$ 129,155
TOTAL REVENUES	222,412	188,712
BENEFITS AND EXPENSES
Policyholders’ benefits	39,478	51,736
Amortization of deferred policy acquisition costs	19,179	26,145
TOTAL BENEFITS AND EXPENSES	150,798	179,469
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURE	71,614	9,243
Income tax expense (benefit)	(16,880)	(2,699)
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE	88,494	11,942
Net income (loss)	87,788	11,304
COMPREHENSIVE INCOME (LOSS)	220,289	(103,970)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	87,788	11,304
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	87,788	11,304
Policy charges and fee income	(28,634)	(23,697)
Future policy benefits	437,726	508,412
Reinsurance recoverables	(423,868)	(424,467)
Deferred policy acquisition costs	(74,610)	(45,642)
Income taxes	(16,996)	(2,902)
Other, net	(83,032)	(97,354)
Cash flows from (used in) operating activities	27,984	(7,769)
As previously reported
REVENUES
Policy charges and fee income		125,896
TOTAL REVENUES		185,453
BENEFITS AND EXPENSES
Policyholders’ benefits		48,955
Amortization of deferred policy acquisition costs		26,604
TOTAL BENEFITS AND EXPENSES		177,147
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURE		8,306
Income tax expense (benefit)		(2,448)
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE		10,754
Net income (loss)		10,116
COMPREHENSIVE INCOME (LOSS)		(105,158)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		10,116
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)		10,116
Policy charges and fee income		(24,173)
Future policy benefits		511,380
Reinsurance recoverables		(430,215)
Deferred policy acquisition costs		(45,184)
Income taxes		(2,651)
Other, net		(93,619)
Cash flows from (used in) operating activities		(7,769)
Revision
REVENUES
Policy charges and fee income		3,259
TOTAL REVENUES		3,259
BENEFITS AND EXPENSES
Policyholders’ benefits		2,781
Amortization of deferred policy acquisition costs		(459)
TOTAL BENEFITS AND EXPENSES		2,322
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINT VENTURE		937
Income tax expense (benefit)		(251)
INCOME (LOSS) FROM OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURE		1,188
Net income (loss)		1,188
COMPREHENSIVE INCOME (LOSS)		1,188
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		1,188
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)		1,188
Policy charges and fee income		476
Future policy benefits		(2,968)
Reinsurance recoverables		5,748
Deferred policy acquisition costs		(458)
Income taxes		(251)
Other, net		(3,735)
Cash flows from (used in) operating activities		0
Retained Earnings
BENEFITS AND EXPENSES
Net income (loss)	87,788	11,304
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	1,612,435	1,526,310
Net income (loss)	87,788	11,304
Ending Balance	1,699,109	1,515,151
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	87,788	11,304
Retained Earnings | As previously reported
BENEFITS AND EXPENSES
Net income (loss)		10,116
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance		1,511,698
Net income (loss)		10,116
Ending Balance		1,499,351
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)		10,116
Retained Earnings | Revision
BENEFITS AND EXPENSES
Net income (loss)		1,188
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance		14,612
Net income (loss)		1,188
Ending Balance		15,800
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)		1,188
Total Equity
BENEFITS AND EXPENSES
Net income (loss)	87,788	11,304
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	2,733,231	2,835,248
Net income (loss)	87,788	11,304
Total comprehensive income (loss)	220,289	(103,970)
Ending Balance	2,952,402	2,743,175
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 87,788	11,304
Total Equity | As previously reported
BENEFITS AND EXPENSES
Net income (loss)		10,116
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance		2,820,636
Net income (loss)		10,116
Total comprehensive income (loss)		(105,158)
Ending Balance		2,727,375
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)		10,116
Total Equity | Revision
BENEFITS AND EXPENSES
Net income (loss)		1,188
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance		14,612
Net income (loss)		1,188
Total comprehensive income (loss)		1,188
Ending Balance		15,800
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)		$ 1,188