Transamerica Advisors Life Insurance 10-Q 12 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Sep. 30, 2015shares
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Entity Registrant Name	TRANSAMERICA ADVISORS LIFE INSURANCE CO
Entity Central Index Key	845,091
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding	250,000

BALANCE SHEETS

BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Investments
Fixed maturity available-for-sale securities, at estimated fair value (amortized cost: 2015 - $1,631,750; 2014 - $1,705,721)	$ 1,754,528	$ 1,867,913
Equity available-for-sale securities, at estimated fair value (cost: 2015 - $33,851; 2014 - $33,928)	35,986	35,958
Limited partnerships	63,552	64,518
Mortgage loans on real estate	94,445	66,667
Policy loans	661,604	681,071
Derivative assets	59,787	1,055
Total investments	2,669,902	2,717,182
Cash and cash equivalents	241,923	235,034
Accrued investment income	34,680	37,648
Deferred policy acquisition costs	39,641	41,127
Deferred sales inducements	8,999	9,351
Value of business acquired	255,330	268,079
Goodwill	2,800	2,800
Income tax asset	1,061	1,061
Affiliated short-term note receivable	25,000
Receivable for investments sold - net		807
Other assets	28,886	25,044
Separate Accounts assets	5,908,398	6,771,369
Total Assets	9,216,620	10,109,502
Policyholder liabilities and accruals
Policyholder account balances	1,168,109	1,207,763
Future policy benefits	476,181	425,259
Claims and claims settlement expenses	27,551	28,939
Total policyholder liabilities and accruals	1,671,841	1,661,961
Payables for collateral under securities loaned, reverse repurchase agreements and derivatives	248,993	265,880
Checks not yet presented for payment	5,154	13,576
Derivative liabilities	6,927	18,744
Income tax liability	6,179	6,170
Affiliated payables - net	2,198	5,491
Reinsurance payables - net	140	49
Payable for investments purchased - net	6,852
Other liabilities	4,733	4,260
Separate Accounts liabilities	5,908,398	6,771,369
Total Liabilities	7,861,415	8,747,500
Stockholder's Equity
Common stock ($10 par value; authorized 1,000,000 shares; issued and outstanding: 250,000 shares)	2,500	2,500
Additional paid-in capital	1,557,331	1,545,665
Accumulated other comprehensive income, net of taxes	81,755	109,242
Retained deficit	(286,381)	(295,405)
Total Stockholder's Equity	1,355,205	1,362,002
Total Liabilities and Stockholder's Equity	$ 9,216,620	$ 10,109,502

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Fixed maturity available-for-sale securities, amortized cost	$ 1,631,750	$ 1,705,721
Equity available-for-sale securities, cost	$ 33,851	$ 33,928
Common stock, par value	$ 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

STATEMENTS OF INCOME

STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues
Policy charge revenue	$ 40,629	$ 44,812	$ 126,090	$ 134,158
Net investment income	25,707	29,515	83,650	88,343
Net realized investment gains (losses)
Portion of other-than-temporary impairments previously recognized in other comprehensive income (loss)	(7)	(4)	(1,873)	(104)
Net other-than-temporary impairment losses on securities recognized in income	(7)	(4)	(1,873)	(104)
Net realized investment gains, excluding other-than-temporary impairment losses on securities	2,179	1,294	3,042	2,397
Net realized investment gains (losses)	2,172	1,290	1,169	2,293
Net derivative gains (losses)	37,232	7,204	3,019	(44,789)
Total Revenues	105,740	82,821	213,928	180,005
Benefits and Expenses
Interest credited to policyholder liabilities	14,444	13,755	40,736	41,678
Policy benefits (net of reinsurance recoveries: 2015 - $159; $1,615; 2014 - $146; $4,192)	71,390	26,893	109,221	54,106
Amortization (accretion) of deferred policy acquisition costs	(2,208)	(679)	1,630	(1,375)
Amortization of value of business acquired	7,293	4,877	18,926	5,929
Insurance expenses and taxes	11,495	11,284	34,391	34,433
Total Benefits and Expenses	102,414	56,130	204,904	134,771
Income (Loss) Before Taxes	3,326	26,691	9,024	45,234
Income tax expense (benefit)	0	0	0	0
Net Income	$ 3,326	$ 26,691	$ 9,024	$ 45,234

STATEMENTS OF INCOME (Parenthet

STATEMENTS OF INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Policy benefits, reinsurance recoveries	$ 159	$ 146	$ 1,615	$ 4,192

STATEMENTS OF COMPREHENSIVE INC

STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net Income	$ 3,326	$ 26,691	$ 9,024	$ 45,234
Net unrealized gains (losses) on available-for-sale securities
Net unrealized holding gains (losses) arising during the period	3,449	(15,898)	(40,997)	49,871
Reclassification adjustment for (gains) losses included in net income	(981)	103	139	200
Total net unrealized gains (losses) on available-for-sale securities	2,468	(15,795)	(40,858)	50,071
Net unrealized gains (losses) on cash flow hedges
Net unrealized gains (losses) on cash flow hedges arising during the period	4,505	2,261	5,231	(2,176)
Reclassification adjustment for losses included in net income	447	256	273	933
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax, Total	4,952	2,517	5,504	(1,243)
Net unrealized other-than-temporary impairments on securities
Change in previously recognized unrealized other-than-temporary impairments	(353)	1,719	(324)	2,916
Reclassification adjustment for other-than-temporary impairments included in net income	7	4	1,873	104
Net unrealized other-than-temporary impairments on securities	(346)	1,723	1,549	3,020
Adjustments
Value of business acquired	599	4,338	6,318	(6,584)
Other Comprehensive Income, Adjustments	599	4,338	6,318	(6,584)
Total other comprehensive income (loss), net of taxes	7,673	(7,217)	(27,487)	45,264
Comprehensive Income (loss)	$ 10,999	$ 19,474	$ (18,463)	$ 90,498

STATEMENTS OF STOCKHOLDER'S EQU

STATEMENTS OF STOCKHOLDER'S EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Deficit
Balance at beginning of period at Dec. 31, 2013		$ 2,500	$ 1,366,636	$ 39,703	$ (228,938)
Net income (loss)					33,533
Capital contribution from AEGON USA, LLC			179,029
Total other comprehensive income (loss), net of taxes				69,539
Cash dividend paid to AEGON USA, LLC					(100,000)
Balance at end of period at Dec. 31, 2014	$ 1,362,002	2,500	1,545,665	109,242	(295,405)
Net income (loss)	9,024				9,024
Capital contribution from AEGON USA, LLC			11,666
Total other comprehensive income (loss), net of taxes	(27,487)			(27,487)
Balance at end of period at Sep. 30, 2015	$ 1,355,205	$ 2,500	$ 1,557,331	$ 81,755	$ (286,381)

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		3 Months Ended		9 Months Ended			12 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014		Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income		$ 3,326	$ 26,691	$ 9,024	$ 45,234
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:
Change in deferred policy acquisition costs		(2,278)	(750)	1,486	(1,534)
Change in deferred sales inducements		(512)	(581)	352	(734)
Change in value of business acquired		7,293	4,877	18,926	5,929
Change in benefit reserves				61,131	1,605
Change in income tax accruals				9	505
Change in claims and claims settlement expenses				(1,388)	9,563
Change in other operating assets and liabilities, net				4,053	11,670
Change in checks not yet presented for payment				(8,422)	(3,216)
Amortization of investments				2,053	578
Interest credited to policyholder liabilities				40,736	41,678
Net derivative (gains) losses		(37,232)	(7,204)	(3,019)	44,789
Net realized investment gains		(2,172)	(1,290)	(1,169)	(2,293)
Net cash and cash equivalents provided by operating activities				123,772	153,774
CASH FLOWS FROM INVESTING ACTIVITIES
Sales of available-for-sale securities and mortgage loans				139,047	58,584
Maturities of available-for-sale securities and mortgage loans				277,976	213,784
Purchases of available-for-sale securities and mortgage loans				(371,497)	(344,445)
Sales of limited partnerships				252	808
Purchases of limited partnerships					(25,000)
Change in affiliated short-term note receivable				(25,000)	(50,000)
Cash received in connection with derivatives				48,683	8,469
Cash paid in connection with derivatives				(112,364)	(97,528)
Policy loans on insurance contracts, net				19,467	27,486
Net settlement on futures contracts				1,658	(5,760)
Other				715	(584)
Net cash and cash equivalents used in investing activities				(21,063)	(214,186)
CASH FLOWS FROM FINANCING ACTIVITIES
Policyholder deposits				19,617	13,606
Policyholder withdrawals				(110,216)	(105,881)
Capital contributions from AEGON USA, LLC				11,666	132,222		$ 179,029
Change in payables for collateral under securities loaned, reverse repurchase agreements and derivatives				(16,887)	14,380
Net cash and cash equivalents provided by (used in) financing activities				(95,820)	54,327
Net increase (decrease) in cash and cash equivalents	[1]			6,889	(6,085)	[2]
Cash and cash equivalents, beginning of year				235,034	301,737		301,737
Cash and cash equivalents, end of period		$ 241,923	$ 295,652	$ 241,923	$ 295,652		$ 235,034
[1]	Included in net increase (decrease) in cash and cash equivalents is interest received (2015 - $9; 2014 - $18 ); interest paid ( 2015 - $9; 2014 - $2;); income taxes paid ( 2015 - $0; 2014 - $0); and income taxes received (2015 - $9; 2014 - $505).
[2]	Included in net decrease in cash and cash equivalents is interest received - $18; interest paid - $2; income taxes paid - $0; and income taxes received - $505.

STATEMENTS OF CASH FLOWS (Paren

STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Interest received	$ 9	$ 18
Interest paid	9	2
Income taxes paid	0	0
Income taxes received	$ 0	$ 505

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Summary of Significant Accounting Policies	Note 1. Summary of Significant Accounting Policies Basis of Presentation Transamerica Advisors Life Insurance Company (“TALIC” or the “Company”) is a wholly owned subsidiary of AEGON USA, LLC (“AUSA”). AUSA is an indirect wholly owned subsidiary of AEGON N.V., a limited liability share company organized under Dutch law. For a complete discussion of the Company’s 2014 Financial Statements and accounting policies, refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. The interim Financial Statements for the three month periods are unaudited; all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of the Financial Statements have been included. These unaudited Financial Statements should be read in conjunction with the audited Financial Statements included in the 2014 Annual Report on Form 10-K. The nature of the Company’s business is such that results of any interim period are not necessarily indicative of results for a full year. Basis of Reporting The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“GAAP”). The Company also submits financial statements to insurance industry regulatory authorities, which are prepared on the basis of statutory accounting principles. Certain significant accounting policies and related judgments underlying the Company’s financial statements are summarized below. Restatement of Previously Issued Financial Statements During the preparation of the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, an error in the tax valuation allowance was identified for the year ended December 31, 2013. The error principally related to the scheduling of certain deferred tax liabilities in the Company’s analysis of the future ability to utilize net operating loss carryforwards in the tax expense calculations and the resulting amount of valuation allowance recognized. Following the identification of the tax related error, management initiated a comprehensive internal review of the Company’s historical financial information and determined the error materially impacted the audited financial statements for the year ended December 31, 2013 and the unaudited interim financial statements for March 31, 2014, June 30, 2014 and September 30, 2014. Consequently, the Company restated its financial statements for the year ended December 31, 2013 and the unaudited interim financial statements for March 31, 2014, June 30, 2014 and September 30, 2014. For additional detail refer to the Company’s 2014 Annual Report on Form 10-K. In addition to the error in the tax valuation allowance, the Company identified out-of-period errors that were individually and in the aggregate immaterial and that were corrected in the period to which they relate. These corrections primarily relate to actuarial modelling reserving errors and state tax calculations and are reflected in the Company’s 2014 Annual Report on Form 10-K. Income before taxes and Net income for the nine months ended September 30, 2015 included a net decrease of ($800) reflecting prior period errors from reserve model corrections related to the implementation of the guaranteed minimum death benefit (“GMDB”) lapse assumption. Management has evaluated the correction and concluded that it is not material to any previously reported quarterly or annual financial statements or to the current year. Certain corrections have been made to prior period financial statements. In the Statements of Other Comprehensive Income, unrealized losses of $3,446 and $6,040 for the three and nine months ended September 30, 2014 were reclassified from “Change in previously recognized unrealized other-than-temporary impairments” to “Net unrealized holding gains arising during the period”. On the Statements of Income, “Reinsurance premium ceded” of $1,118 and $4,268 for the three and nine months ended September 30, 2014 has been reclassified to “Policy charge revenue”. The impact to the individual financial statement line items for these corrections is reflected in the below section titled “ Comparison of previously issued unaudited interim financial statements to restated unaudited interim financial statements for the period ended September 30, 2014 Comparison of previously issued unaudited interim financial statements to restated unaudited interim financial statements for the period ended September 30, 2014 The following tables compare the Statements of Income, Comprehensive Income (Loss), and Cash Flows for the period ended September 30, 2014 included in the Form 10-Q filed on November 13, 2014 to the corresponding restated financial statements. Transamerica Advisors Life Insurance Company Statement of Income (unaudited) Three Months Ended September 30, 2014 (dollars in thousands) As Reported Tax Valuation Other (1) As Restated Revenues Policy charge revenue $ 45,930 $ - $ (1,118) $ 44,812 Net investment income 29,515 - - 29,515 Net realized investment gains (losses) Other-than-temporary impairment losses on securities - - - - Portion of other-than-temporary impairments previously recognized in other comprehensive income (4 ) - - (4 ) Net other-than-temporary impairment losses on securities recognized in income (4 ) - - (4 ) Net realized investment gains, excluding other-than-temporary impairment losses on securities 1,294 - - 1,294 Net realized investment gains 1,290 - - 1,290 Net derivative gains 7,204 - - 7,204 Total Revenues 83,939 - (1,118 ) 82,821 Benefits and Expenses Interest credited to policyholder liabilities 13,755 - - 13,755 Policy benefits (net of reinsurance recoveries: $146) 30,593 - (3,700 ) 26,893 Reinsurance premium ceded 1,118 - (1,118 ) - Accretion of deferred policy acquisition costs (2,579 ) - 1,900 (679 ) Amortization of value of business acquired 6,877 - (2,000 ) 4,877 Insurance expenses and taxes 11,284 - - 11,284 Total Benefits and Expenses 61,048 - (4,918 ) 56,130 Income Before Taxes 22,891 - 3,800 26,691 Income Tax Expense 51,689 (51,689 ) - - Net Income (Loss) $ (28,798 ) $ 51,689 $ 3,800 $ 26,691 (1) Consists out-of-period errors and reclassifications. Transamerica Advisors Life Insurance Company Statement of Income (unaudited) Nine Months Ended September 30, 2014 (dollars in thousands) As Reported Tax Valuation Other (1) As Restated Revenues Policy charge revenue $ 138,426 $ - $ (4,268 ) $ 134,158 Net investment income 88,343 - - 88,343 Net realized investment gains (losses) Other-than-temporary impairment losses on securities - - - - Portion of other-than-temporary impairments previously recognized in other comprehensive income (104 ) - - (104 ) Net other-than-temporary impairment losses on securities recognized in income (104 ) - - (104 ) Net realized investment gains, excluding other-than-temporary impairment losses on securities 2,397 - - 2,397 Net realized investment gains 2,293 - - 2,293 Net derivative losses (44,789 ) - - (44,789 ) Total Revenues 184,273 - (4,268 ) 180,005 Benefits and Expenses Interest credited to policyholder liabilities 41,678 - - 41,678 Policy benefits (net of reinsurance recoveries: $4,192) 57,906 - (3,800 ) 54,106 Reinsurance premium ceded 4,268 - (4,268 ) - Accretion of deferred policy acquisition costs (3,105 ) - 1,730 (1,375 ) Amortization of value of business acquired 8,029 - (2,100 ) 5,929 Insurance expenses and taxes 34,433 - - 34,433 Total Benefits and Expenses 143,209 - (8,438 ) 134,771 Income Before Taxes 41,064 - 4,170 45,234 Income Tax Expense 69,962 (69,962 ) - - Net Income (Loss) $ (28,898 ) $ 69,962 $ 4,170 $ 45,234 (1) Consists out-of-period errors and reclassifications. Transamerica Advisors Life Insurance Company Statement of Comprehensive Income (unaudited) Three Months Ended (dollars in thousands) As Reported Tax Valuation Other (1) As Restated Net Income (Loss) $ (28,798 ) $ 51,689 $ 3,800 $ 26,691 Other Comprehensive Income (Loss) Net unrealized losses on available-for-sale securities Net unrealized holding losses arising during the period (12,452 ) - (3,446 ) (15,898 ) Reclassification adjustment for losses included in net income (loss) 103 - - 103 (12,349 ) - (3,446 ) (15,795 ) Net unrealized gains on cash flow hedges Net unrealized gain on cash flow hedges arising during the period 2,261 - - 2,261 Reclassification adjustment for losses included in net income (loss) 256 - - 256 2,517 - - 2,517 Net unrealized other-than-temporary impairments on securities Change in previously recognized unrealized other-than-temporary impairments (1,727 ) - 3,446 1,719 Reclassification adjustment for other-than-temporary impairments included in net income (loss) 4 - - 4 (1,723 ) - 3,446 1,723 Adjustments Value of business acquired 4,338 - - 4,338 Deferred income taxes 2,562 (2,562 ) - - 6,900 (2,562 ) - 4,338 Total other comprehensive loss, net of taxes (4,655 ) (2,562 ) - (7,217 ) Comprehensive Income (Loss) $ (33,453 ) $ 49,127 $ 3,800 $ 19,474 (1) Consists out-of-period errors and reclassifications. Transamerica Advisors Life Insurance Company Statement of Comprehensive Income (unaudited) Nine Months Ended (dollars in thousands) As Reported Tax Valuation Other (1) As Restated Net Income (Loss) $ (28,898) $ 69,962 $ 4,170 $ 45,234 Other Comprehensive Income (Loss) Net unrealized gains on available-for-sale securities Net unrealized holding gains (losses) arising during the period 55,911 - (6,040 ) 49,871 Reclassification adjustment for losses included in net income (loss) 200 - - 200 56,111 - (6,040 ) 50,071 Net unrealized losses on cash flow hedges Net unrealized losses on cash flow hedges arising during the period (2,176 ) - - (2,176 ) Reclassification adjustment for losses included in net income (loss) 933 - - 933 (1,243 ) - - (1,243 ) Net unrealized other-than-temporary impairments on securities Change in previously recognized unrealized other-than-temporary impairments (3,124 ) - 6,040 2,916 Reclassification adjustment for other-than-temporary impairments included in net income (loss) 104 - - 104 (3,020 ) - 6,040 3,020 Adjustments Value of business acquired (6,584 ) - - (6,584 ) Deferred income taxes (16,070 ) 16,070 - - (22,654 ) 16,070 - (6,584 ) Total other comprehensive income, net of taxes 29,194 16,070 - 45,264 Comprehensive Income $ 296 $ 86,032 $ 4,170 $ 90,498 (1) Consists out-of-period errors and reclassifications. Transamerica Advisors Life Insurance Company Statement of Cash Flows (unaudited) Nine Months Ended (dollars in thousands) As Reported Tax Valuation Other (1) As Restated CASH FLOWS FROM OPERATING ACTIVITIES Net income (loss) $ (28,898 ) $ 69,962 $ 4,170 $ 45,234 Adjustments to reconcile net income loss to net cash and cash equivalents provided by operating activities: Change in deferred policy acquisition costs (3,264 ) - 1,730 (1,534 ) Change in deferred sales inducements (734 ) - - (734 ) Change in value of business acquired 8,029 - (2,100 ) 5,929 Change in benefit reserves 5,405 - (3,800 ) 1,605 Change in income tax accruals 70,467 (69,962 ) - 505 Change in claims and claims settlement expenses 9,563 - - 9,563 Change in other operating assets and liabilities, net 11,670 - - 11,670 Change in checks not yet presented for payment (3,216 ) - - (3,216 ) Amortization of investments 578 - - 578 Interest credited to policyholder liabilities 41,678 - - 41,678 Net derivative losses 44,789 - - 44,789 Net realized investment gains (2,293 ) - - (2,293 ) Net cash and cash equivalents provided by operating activities 153,774 - - 153,774 CASH FLOWS FROM INVESTING ACTIVITIES Sales of available-for-sale securities and mortgage loans 58,584 - - 58,584 Maturities of available-for-sale securities and mortgage loans 213,784 - - 213,784 Purchases of available-for-sale securities and mortgage loans (344,445 ) - - (344,445 ) Sales of limited partnerships 808 - - 808 Purchases of limited partnerships (25,000 ) - - (25,000 ) Change in affiliated short-term note receivable (50,000 ) - - (50,000 ) Cash received in connection with derivatives 8,469 - - 8,469 Cash paid in connection with derivatives (97,528 ) - - (97,528 ) Policy loans on insurance contracts, net 27,486 - - 27,486 Net settlement on futures contracts (5,760 ) - - (5,760 ) Other (584 ) - - (584 ) Net cash and cash equivalents used in investing activities $ (214,186 ) $ - $ - $ (214,186 ) CASH FLOWS FROM FINANCING ACTIVITIES Policyholder deposits $ 13,606 $ - $ - $ 13,606 Policyholder withdrawals (105,881 ) - - (105,881 ) Capital contributions from AEGON USA, LLC 132,222 - - 132,222 Change in payables for collateral under securities loaned, derivatives and reverse repurchase agreements 14,380 - - 14,380 Net cash and cash equivalents provided by financing activities 54,327 - - 54,327 Net decrease in cash and cash equivalents (2) (6,085 ) - - (6,085 ) Cash and cash equivalents, beginning of year 301,737 - - 301,737 Cash and cash equivalents, end of period $ 295,652 $ - $ - $ 295,652 (1) Consists of out-of-period errors and reclassifications. (2) Included in net decrease in cash and cash equivalents is interest received - $18; interest paid - $2; income taxes paid - $0; and income taxes received - $505. Accounting Estimates and Assumptions The preparation of financial statements requires management to make estimates and assumptions affecting the reported amounts of assets, liabilities, revenues and expenses and the disclosures of contingent assets and liabilities. Those estimates are inherently subject to change and actual results could differ from those estimates. Included among the material (or potentially material) reported amounts and disclosures that require extensive use of estimates are: fair value of certain invested assets, asset valuation allowances, deferred policy acquisition costs, deferred sales inducements, value of business acquired, goodwill, policyholder liabilities, income taxes, and potential effects of unresolved litigated matters. Derivatives and Hedge Accounting Derivatives are used by the Company to manage risk associated with interest rate or equity market risk or volatility. Freestanding derivatives are carried in the Balance Sheets at fair value. If a derivative is not designated as an accounting hedge or its use in managing risk does not qualify for hedge accounting, changes in the fair value of the derivatives are reported in net derivative gains (losses) in the Statements of Income. To qualify for hedge accounting, the hedge relationship is designated and formally documented at inception, detailing the particular risk management objective and strategy for the hedge (which includes the item and risk that is being hedged), the derivative that is being used and how hedge effectiveness is being assessed. For hedge accounting purposes, a distinction is made between fair value hedges, cash flow hedges and hedges of a net investment in a foreign operation. Currently, the Company only has cash flow hedges. A cash flow hedge is the hedge of the exposure to variability of cash flows to be received or paid related to a recognized asset or liability. For derivatives that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative is reported as a component of other comprehensive income (“OCI”) and reclassified into the Statements of Income when the Company’s earnings are affected by the variability of the hedged item. Any hedge ineffectiveness is recognized as a component of net derivative gains (losses) in the Statements of Income. Revenue Recognition The Company sells a fixed contingent annuity (also sometimes referred to as a contingent deferred annuity (“CDA”)), which includes a stand-alone living benefit (“SALB”). Revenues for CDAs consist of fees assessed based on a percentage of the participants’ covered asset pool, which are assets that are not internally managed by the Company. Fees on CDAs are recognized as they are assessed or earned. Subsequent Events The financial statements are adjusted to reflect events that occurred between the balance sheet date and the date when the financial statements are issued, provided they give evidence of conditions that existed at the balance sheet date. No subsequent events have been identified that require adjustments to the financial statements. Events that are indicative of conditions that arose after the balance sheet date are disclosed, but do not result in an adjustment of the financial statements themselves. Effective close of business on November 22, 2015 the company will no longer issue the CDA to new investors. A notice filing to the CDA prospectus was made with the Securities and Exchange Commission on September 25, 2015. Existing certificate owners of the CDA will not be affected and may continue to make subsequent contributions, as permitted by the terms of the CDA. Current Accounting Guidance Accounting Standards Codification (“ASC”) 860, Transfers and Servicing In June 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-11, Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures Note 3 Future Accounting Guidance ASC 205, Presentation of Financial Statements In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements-Going Concern Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern ASC 606, Revenue from Contracts with Customers In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers: Topic 606 Deferral of the effective date,

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2015
Fair Value of Financial Instruments	Note 2. Fair Value of Financial Instruments Fair Value Measurements ASC 820 defines fair value, establishes a framework for measuring fair value, establishes a fair value hierarchy based on the quality of inputs used to measure fair value and enhances disclosure requirements for fair value measurements. Fair Value Hierarchy The Company has categorized its financial instruments into a three level hierarchy which is based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure fair value fall within different levels of the hierarchy, the category level is based on the lowest priority level input that is significant to the fair value measurement of the instrument. Assets and liabilities recorded at fair value on the Balance Sheets are categorized as follows: Level 1 Level 2 a) Quoted prices for similar assets or liabilities in active markets b) Quoted prices for identical or similar assets or liabilities in non-active markets c) Inputs other than quoted market prices that are observable d) Inputs that are derived principally from or corroborated by observable market data through correlation or other means Level 3 The Company recognizes transfers between levels at the beginning of the quarter. The following tables present the Company’s hierarchy for its assets and liabilities measured at fair value on a recurring basis at September 30, 2015 and December 31, 2014: September 30, 2015 Level 1 Level 2 Level 3 Total Assets Fixed maturity available-for-sale (“AFS”) securities (a) Corporate securities $ - $ 1,066,725 $ - $ 1,066,725 Asset-backed securities - 111,512 6,766 118,278 Commercial mortgage-backed securities - 80,689 - 80,689 Residential mortgage-backed securities - 92,578 - 92,578 Municipals - 806 - 806 Government and government agencies United States 387,595 - - 387,595 Foreign 1,525 6,332 - 7,857 Total fixed maturity AFS securities (a) 389,120 1,358,642 6,766 1,754,528 Equity securities (a) Banking securities - 29,883 - 29,883 Industrial securities - 6,103 - 6,103 Total equity securities (a) - 35,986 - 35,986 Cash equivalents (b) - 239,804 - 239,804 Derivative assets (f) - 59,787 - 59,787 Limited partnerships (c) - 60,573 2,979 63,552 Separate Accounts assets (d) 5,908,398 - - 5,908,398 Total assets $ 6,297,518 $ 1,754,792 $ 9,745 $ 8,062,055 Liabilities Future policy benefits (embedded derivatives only) (e) $ - $ - $ 213 $ 213 Derivative liabilities (f) - 6,927 - 6,927 Total liabilities $ - $ 6,927 $ 213 $ 7,140 December 31, 2014 Level 1 Level 2 Level 3 Total Assets Fixed maturity AFS securities (a) Corporate securities $ - $ 1,177,409 $ - $ 1,177,409 Asset-backed securities - 124,686 8,474 133,160 Commercial mortgage-backed securities - 100,801 - 100,801 Residential mortgage-backed securities - 45,447 - 45,447 Municipals - 800 - 800 Government and government agencies United States 400,251 - - 400,251 Foreign 3,564 6,481 - 10,045 Total fixed maturity AFS securities (a) 403,815 1,455,624 8,474 1,867,913 Equity securities (a) Banking securities - 29,702 - 29,702 Industrial securities - 6,256 - 6,256 Total equity securities (a) - 35,958 - 35,958 Cash equivalents (b) - 232,509 - 232,509 Derivative assets (f) - 1,055 - 1,055 Limited partnerships (c) - 60,432 4,086 64,518 Separate Accounts assets (d) 6,771,369 - - 6,771,369 Total assets $ 7,175,184 $ 1,785,578 $ 12,560 $ 8,973,322 Liabilities Future policy benefits (embedded derivatives only) (e) $ - $ - $ 633 $ 633 Derivative liabilities (f) - 18,744 - 18,744 Total liabilities $ - $ 18,744 $ 633 $ 19,377 (a) Securities are classified as Level 1 if the fair value is determined by observable inputs that reflect quoted prices for identical assets in active markets that the Company has the ability to access at the measurement date. Level 1 securities primarily include highly liquid U.S. Treasury and U.S. government agency securities. Securities are classified as Level 2 if the fair value is determined by observable inputs, other than quoted prices included in Level 1, for the asset or prices for similar assets. Securities are classified as Level 3 if the valuations are derived from techniques in which one or more of the significant inputs are unobservable. Level 3 consists principally of fixed maturity securities whose fair value is estimated based on non-binding broker quotes and internal models. These internal models primarily use projected cash flows discounted using relevant risk spreads and market interest rate curves. At September 30, 2015 and December 31, 2014, less than 0.5% of fixed maturity AFS securities were valued using internal models. (b) Cash equivalents are primarily valued at amortized cost, which approximates fair value. Operating cash is not included in the above table. (c) Limited partnership investments in which management is able to determine that observable market inputs have been used and that the investment can be redeemed at the net asset value in 90 days or less are considered Level 2. The Company has an investment in a limited partnership for which the fair value is derived from management’s review of the underlying financial statements that were prepared on a GAAP basis and that is considered a Level 3 measurement. The valuation utilizing these financial statements is on a one quarter lag. (d) Separate Accounts assets are carried at the net asset value provided by the fund managers. (e) The Company issued contracts containing guaranteed minimum withdrawal benefit riders (“GMWB”) and obtained reinsurance on guaranteed minimum income benefit riders (“GMIB reinsurance”). GMWB and GMIB reinsurance are treated as embedded derivatives and are required to be reported separately from the host contract. In addition, the Company issues SALB contracts that are required to be reported at fair value. The fair value of these guarantees is calculated as the present value of future expected payments to policyholders less the present value of assessed fees attributable to the guarantees. Given the complexity and long-term nature of these guarantees, their fair values are determined using stochastic techniques under a variety of market return, discount rates and actuarial assumptions. Since many of the assumptions are unobservable and are considered to be significant inputs to the liability valuation, the liability included in future policy benefits has been reflected within Level 3 of the fair value hierarchy. (f) Level 2 derivatives include inflation swaps, variance swaps, total return swaps, options and credit default swaps for which the Company utilized readily accessible quoted index levels and broker quotes. The fair value of inflation swaps is calculated as the difference between the consumer price index (or related readily accessible quoted inflation index level) at the reporting date from the last reset date, multiplied by the notional value of the swap. The fair value of the variance swaps is calculated as the difference between the estimated volatility of the underlying Standard and Poor’s 500 Composite Stock Price Index (“S&P”) at maturity to the actual volatility of the underlying S&P index at initiation (i.e., strike) multiplied by the notional value of the swap. Total return swaps are valued based on the change in the underlying equity index as of the last reset date. Fair value for the equity options is calculated using the Black-Scholes model and market observable inputs for the underlying market price and volatility surface. Credit default swaps are valued using a discounted cash flow model where future premium payments and protection payments are corrected for the probability of default and the modeling uses an arbitrage free credit spread model. For the nine months ended September 30, 2015 and twelve months ended December 31, 2014, there were no transfers between Level 1 and 2, respectively. The following table provides a summary of the change in fair value of the Company’s Level 3 assets at September 30, 2015 and December 31, 2014: Nine Months Ended Twelve Months Ended Limited Fixed Limited Fixed Balance at beginning of period (a) $ 4,086 $ 8,474 $ 5,044 $ 6,428 Change in unrealized losses (b) - (317 ) - (72 ) Purchases - 1,999 - - Sales (252 ) (85 ) (962 ) (30 ) Transfers into Level 3 - 2,049 - 3,744 Transfers out of Level 3 - (5,354 ) - (1,596 ) Changes in valuation (c) (855 ) - 4 - Balance at end of period (a) $ 2,979 $ 6,766 $ 4,086 $ 8,474 (a) Recorded as a component of limited partnerships and fixed maturity AFS securities in the Balance Sheets. (b) Recorded as a component of other comprehensive income. (c) Recorded as a component of net investment income in the Statements of Income. In certain circumstances, the Company will obtain non-binding quotes from brokers to assist in the determination of fair value. If those quotes can be corroborated by other market observable data, the investments will be classified as Level 2. If not, the investments are classified as Level 3 due to the unobservable nature of the brokers’ valuation processes. The decrease in Level 3 fixed maturity AFS securities at September 30, 2015 was due to two securities transferring from Level 3 to Level 2 due to the availability of market observable data. The decrease was partially offset by a purchase of a Level 3 security and the transfer of a security from Level 2 to Level 3 due to the unavailability of market observable data. The increase in Level 3 fixed maturity AFS securities at December 31, 2014 was due to a security transferring from Level 2 to Level 3 due to the unavailability of market observable data. The increase was partially offset by a security transferring from Level 3 to Level 2 due to the availability of market observable data. The Company’s Level 3 liabilities (assets) consist of provisions for GMWB, SALB and GMIB reinsurance. The fair values of these guarantees are calculated as the present value of future expected payments to policyholders less the present value of assessed fees attributable to the guarantees. Given the complexity and long-term nature of these guarantees, which are unlike instruments available in financial markets, their fair values are determined using stochastic techniques under a variety of market return scenarios. A variety of factors is considered, including expected market rates of return, equity and interest rate volatility, credit spread, correlations of market returns, discount rates and actuarial assumptions. For GMWB and SALB, an increase (decrease) in credit spread in isolation would result in a lower (higher) fair value measurement and increases (decreases) in volatility in isolation would result in a higher (lower) fair value measurement. Changes in the Company’s credit spread and volatility assumption have an inverse reaction for GMIB reinsurance, due to this reserve being an asset. The expected returns are based on risk-free rates, such as the current London Inter-Bank Offered Rate (“LIBOR”) forward curve. The credit spread, which is the most significant unobservable input, is set by using the credit default swap (“CDS”) spreads of a reference portfolio of life insurance companies, adjusted to reflect the subordination of senior debt holders at the holding company level to the position of policyholders at the operating company level (who have priority in payments to other creditors). The credit spread was 40 basis points (“bps”) and 30 bps at September 30, 2015 and December 31, 2014, respectively. For equity volatility, the Company uses a term structure assumption with market-based implied volatility inputs for the first five years and a long-term forward rate assumption of 25% thereafter. The volume of observable option trading from which volatilities are derived generally declines as the contracts’ term increases, therefore, the volatility curve grades from implied volatilities for five years to the ultimate rate. The resulting volatility assumption in year 20 for the S&P (expressed as a spot rate) was 24.3% at September 30, 2015 and December 31, 2014. Correlations of market returns across underlying indices are based on historical market returns and their inter-relationships over a number of years preceding the valuation date. Assumptions regarding policyholder behavior, such as lapses, included in the models are derived in the same way as the assumptions used to measure insurance liabilities. These assumptions are reviewed at each valuation date and updated based on historical experience and observable market data as required. The following table provides a summary of the changes in fair value of the Company’s Level 3 liabilities (assets) over the periods ended September 30, 2015 and December 31, 2014: Nine Months Ended Twelve Months Ended GMWB GMIB SALB GMWB GMIB SALB Balance at beginning of period (a) $ 60,702 $ (60,573 ) $ 504 $ 21,776 $ (39,345 ) $ 41 Changes in interest rates (b) 4,600 (4,153 ) - 30,760 (26,759 ) - Changes in equity markets (b) 15,149 (8,563 ) - 762 2,330 463 Other (b) (6,914 ) (539 ) - 7,404 3,201 - Balance at end of period (a) $ 73,537 $ (73,828 ) $ 504 $ 60,702 $ (60,573 ) $ 504 (a) Recorded as a component of future policy benefits in the Balance Sheets. (b) Recorded as a component of policy benefits in the Statements of Income. During the nine months ended September 30, 2015, the change in GMWB and GMIB reinsurance reserves was primarily driven by declining interest rates and unfavorable equity market performance. During 2014, the change in GMWB and GMIB reinsurance reserves was primarily driven by positive equity market performance and declining interest rates. During the nine months ended September 30, 2015 there was no change in the SALB reserve. During the nine months ended September 30, 2014, the change in the SALB reserve was due to increases in equity markets. The following tables provide a summary of the quantitative inputs and assumptions related to the Company’s Level 3 assets and liabilities at September 30, 2015 and December 31, 2014: Description September 30, Estimated Fair Value Valuation Unobservable Inputs Range (Weighted Average) Assets Fixed maturity securities Asset-backed securities $ 6,766 Total fixed maturity securities 6,766 Broker Not applicable Not applicable Limited partnership 2,979 Not applicable (1) Not applicable (1) Not applicable (1) Total assets $ 9,745 Liabilities Future policy benefits (embedded derivatives) - GMWB $ 73,537 Discounted cash flows Own credit risk 40 bps Long-term volatility 25% Future policy benefits (embedded derivatives) - GMIB Reinsurance (73,828 ) Discounted cash flows Own credit risk 40 bps Long-term volatility 25% Future policy benefits - SALB 504 See comment below (2) See comment below (2) See comment below (2) Total liabilities $ 213 Description December 31, 2014 Estimated Fair Value Valuation Unobservable Inputs Range (Weighted Average) Assets Fixed maturity securities Asset-backed securities $ 8,474 Total fixed maturity securities 8,474 Broker Not applicable Not applicable Limited partnership 4,086 Not applicable (1) Not applicable (1) Not applicable (1) Total assets $ 12,560 Liabilities Future policy benefits (embedded derivatives) - GMWB $ 60,702 Discounted cash flows Own credit risk 30 bps Long-term volatility 25% Future policy benefits (embedded derivatives) - GMIB Reinsurance (60,573 ) Discounted cash flows Own credit risk 30 bps Long-term volatility 25% Future policy benefits - SALB 504 See comment below (2) See comment below (2) See comment below (2) Total liabilities $ 633 (1) The Company has an investment in a limited partnership for which the fair value is derived from management’s review of the underlying financial statements that were prepared on a GAAP basis. Management did not make any adjustments to the valuation from the underlying financial statements. As a result, inputs are not developed by management to determine the fair value measurement for this investment. (2) The SALB is a relatively new product with fewer than 150 policies. Due to the small size of this block the liability was determined based on fees earned. The following tables provide the estimated fair value of the Company’s assets not carried at fair value on the Balance Sheets at September 30, 2015 and December 31, 2014: September 30, 2015 Level 1 Level 2 Level 3 Total Assets Mortgage loans on real estate (a) $ - $ - $ 94,164 $ 94,164 Policy loans (b) - 661,604 - 661,604 Total assets $ - $ 661,604 $ 94,164 $ 755,768 December 31, 2014 Level 1 Level 2 Level 3 Total Assets Mortgage loans on real estate (a) $ - $ - $ 71,433 $ 71,433 Policy loans (b) - 681,071 - 681,071 Total assets $ - $ 681,071 $ 71,433 $ 752,504 (a) The fair value of mortgage loans on real estate is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and/or similar remaining maturities. (b) Policy loans are stated at unpaid principal balance. The fair value of policy loans approximates their book value.

Investments

Investments	9 Months Ended
	Sep. 30, 2015
Investments	Note 3. Investments Fixed Maturity and Equity Securities The amortized cost/cost, gross unrealized gains (losses), estimated fair value of investments in fixed maturity and equity AFS securities, and OTTI at September 30, 2015 and December 31, 2014 were: September 30, 2015 Gross Unrealized Estimated Amortized Cost/Cost Gains Losses Fair Value OTTI (1) Fixed maturity AFS securities Corporate securities $ 1,008,413 $ 70,753 $ (12,441 ) $ 1,066,725 $ - Asset-backed securities 113,623 4,866 (211 ) 118,278 (21 ) Commercial mortgage-backed securities 77,652 3,099 (62 ) 80,689 - Residential mortgage-backed securities 89,641 2,978 (41 ) 92,578 (24 ) Municipals 913 - (107 ) 806 - Government and government agencies United States 334,913 52,682 - 387,595 - Foreign 6,595 1,262 - 7,857 - Total fixed maturity AFS securities $ 1,631,750 $ 135,640 $ (12,862 ) $ 1,754,528 $ (45 ) Equity securities Banking securities $ 28,061 $ 2,304 $ (482 ) $ 29,883 $ - Industrial securities 5,790 313 - 6,103 - Total equity securities $ 33,851 $ 2,617 $ (482 ) $ 35,986 $ - December 31, 2014 Gross Unrealized Estimated Fair Value Amortized Gains Losses OTTI in AOCI (1) Fixed maturity AFS securities Corporate securities $ 1,095,082 $ 89,852 $ (7,525 ) $ 1,177,409 $ - Asset-backed securities 127,803 5,743 (386 ) 133,160 (97 ) Commercial mortgage-backed securities 96,594 4,341 (134 ) 100,801 - Residential mortgage-backed securities 42,205 3,244 (2 ) 45,447 - Municipals 916 - (116 ) 800 - Government and government agencies United States 334,448 65,805 (2 ) 400,251 - Foreign 8,673 1,372 - 10,045 - Total fixed maturity AFS securities $ 1,705,721 $ 170,357 $ (8,165 ) $ 1,867,913 $ (97 ) Equity securities Banking securities $ 28,137 $ 2,135 $ (570 ) $ 29,702 $ - Industrial securities 5,791 465 - 6,256 - Total equity securities $ 33,928 $ 2,600 $ (570 ) $ 35,958 $ - (1) Represents other-than-temporary impairments (“OTTI”) in Accumulated Other Comprehensive Income (“AOCI”), which were not included in earnings. Amount excludes $2,936 and $3,202 of unrealized gains at September 30, 2015 and December 31, 2014, respectively. Excluding investments in U.S. government and government agencies, the Company is not exposed to any significant concentration of credit risk in its fixed maturity securities portfolio. The amortized cost and estimated fair value of fixed maturity AFS securities by investment grade at September 30, 2015 and December 31, 2014 were: September 30, 2015 December 31, 2014 Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Investment grade $ 1,524,189 $ 1,646,616 $ 1,615,944 $ 1,776,153 Below investment grade 107,561 107,912 89,777 91,760 Total fixed maturity AFS securities $ 1,631,750 $ 1,754,528 $ 1,705,721 $ 1,867,913 At September 30, 2015 and December 31, 2014, the estimated fair value of fixed maturity securities rated BBB- was $83,330 and $107,865, respectively, which is the lowest investment grade rating given by S&P. Below investment grade securities are speculative and are subject to significantly greater risks related to the creditworthiness of the issuers and the liquidity of the market for such securities. The Company closely monitors such investments. The amortized cost and estimated fair value of fixed maturity AFS securities at September 30, 2015 and December 31, 2014 by contractual maturities were: September 30, 2015 December 31, 2014 Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Fixed maturity AFS securities Due in one year or less $ 67,396 $ 68,401 $ 61,405 $ 62,356 Due after one year through five years 582,861 627,156 480,098 514,063 Due after five years through ten years 250,354 255,906 453,522 481,957 Due after ten years 450,223 511,520 444,094 530,129 1,350,834 1,462,983 1,439,119 1,588,505 Mortgage-backed securities and other asset-backed securities 280,916 291,545 266,602 279,408 Total fixed maturity AFS securities $ 1,631,750 $ 1,754,528 $ 1,705,721 $ 1,867,913 In the preceding table, fixed maturity securities not due at a single maturity date have been included in the year of final maturity. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Unrealized Losses on Fixed Maturity and Equity Securities The Company’s investments in fixed maturity and equity securities classified as AFS are carried at estimated fair value with unrealized gains and losses included in stockholder’s equity as a component of accumulated other comprehensive income (loss), net of taxes. The estimated fair value, amortized cost/cost and gross unrealized losses and OTTI of fixed maturity and equity AFS securities aggregated by length of time that individual securities have been in a continuous unrealized loss position at September 30, 2015 and December 31, 2014 were as follows: September 30, 2015 Estimated Fair Value Amortized Gross Unrealized Losses and OTTI ( 1) Less than or equal to six months Fixed maturity AFS securities Corporate securities $ 113,304 $ 119,703 $ (6,399 ) Asset-backed securities 50,134 50,166 (32 ) Commercial mortgage-backed securities 5,506 5,548 (42 ) Residential mortgage-backed securities 4,895 4,935 (40 ) Total fixed maturity and equity securities 173,839 180,352 (6,513 ) Greater than six months but less than or equal to one year Fixed maturity AFS securities Corporate securities 17,438 19,680 (2,242 ) Commercial mortgage-backed securities 1,008 1,029 (21 ) Equity securities - banking securities 8,138 8,500 (362 ) Total fixed maturity and equity securities 26,584 29,209 (2,625 ) Greater than one year Fixed maturity AFS securities Corporate securities 6,573 10,376 (3,803 ) Asset-backed securities 4,820 4,998 (178 ) Residential mortgage-backed securities 46 47 (1 ) Municipals 807 913 (106 ) Equity securities - banking securities 1,678 1,796 (118 ) Total fixed maturity and equity securities 13,924 18,130 (4,206 ) Total fixed maturity and equity securities $ 214,347 $ 227,691 $ (13,344 ) December 31, 2014 Estimated Fair Value Amortized Cost/Cost Gross Unrealized Losses and OTTI (1) Less than or equal to six months Fixed maturity AFS securities Corporate securities $ 60,583 $ 64,799 $ (4,216 ) Asset-backed securities 70,078 70,188 (110 ) Commercial mortgage-backed securities 528 529 (1 ) Government and government agencies - United States 9,310 9,312 (2 ) Equity securities - banking securities 8,050 8,500 (450 ) Total fixed maturity and equity securities 148,549 153,328 (4,779 ) Greater than six months but less than or equal to one year Fixed maturity AFS securities Corporate securities 3,363 3,783 (420 ) Residential mortgage-backed securities 9 9 - Total fixed maturity and equity securities 3,372 3,792 (420 ) Greater than one year Fixed maturity AFS securities Corporate securities 44,656 47,545 (2,889 ) Asset-backed securities 6,721 6,997 (276 ) Commercial mortgage-backed securities 8,504 8,637 (133 ) Residential mortgage-backed securities 59 61 (2 ) Municipals 800 916 (116 ) Equity securities - banking securities 1,676 1,796 (120 ) Total fixed maturity and equity securities 62,416 65,952 (3,536 ) Total fixed maturity and equity securities $ 214,337 $ 223,072 $ (8,735 ) (1) Subsequent unrealized gains (losses) on OTTI securities are included in OCI-OTTI. The total number of securities in an unrealized loss position was 102 and 95 at September 30, 2015 and December 31, 2014, respectively. There were two securities in a continuous unrealized loss position where fair value had declined below amortized cost by greater than 20% at September 30, 2015. The securities had an estimated fair value of $2,759 with an unrealized loss of $1,229. In addition, there were two securities in a continuous unrealized loss position where fair value had declined below amortized cost by greater than 40% at September 30, 2015. The securities had an estimated fair value of $2,330 with an unrealized loss of $3,337. There were two securities in a continuous unrealized loss position where fair value had declined below amortized cost by greater than 20% at December 31, 2014. The securities had an estimated fair value of $3,221 with an unrealized loss of $2,665. Unrealized gains (losses) during the first nine months of 2015 and 2014 were primarily due to price fluctuations resulting from changes in interest rates and credit spreads. If the Company has the intent to sell or it is more likely than not that the Company will be required to sell these securities prior to the anticipated recovery of the amortized cost, securities are written down to fair value. If cash flow models indicate a credit event will impact future cash flows, the security is impaired to discounted cash flows. As the remaining unrealized losses in the portfolio relate to holdings where the Company expects to receive full principal and interest, the Company does not consider the underlying investments to be impaired. The components of net unrealized gains (losses) and OTTI included in accumulated other comprehensive income (loss), net of taxes, at September 30, 2015 and December 31, 2014 were as follows: September 30, 2015 December 31, 2014 Assets Fixed maturity securities $ 122,778 $ 162,192 Equity securities 2,135 2,030 Cash flow hedges 7,800 2,296 Value of business acquired (29,625 ) (35,943 ) 103,088 130,575 Liabilities Income taxes - deferred (21,333 ) (21,333 ) (21,333 ) (21,333 ) Stockholder’s equity Accumulated other comprehensive income, net of taxes $ 81,755 $ 109,242 The Company records certain adjustments to policyholder account balances in conjunction with the unrealized holding gains or losses on investments classified as available-for-sale. The Company adjusts a portion of these liabilities as if the unrealized holding gains or losses had actually been realized, with corresponding credits or charges reported in accumulated other comprehensive income (loss), net of taxes. At September 30, 2015 and December 31, 2014, there were no adjustments to policyholder account balances in conjunction with the unrealized holding gains or losses on investments classified as available-for-sale. Mortgage Loans on Real Estate Mortgage loans on real estate consist entirely of mortgages on commercial real estate. Prepayment premiums are collected when borrowers elect to prepay their debt prior to the stated maturity and are included in net realized investment gains (losses), excluding OTTI on securities in the Statements of Income. There were no prepayment premiums collected during the three and nine months ended September 30, 2015 and 2014. Loans are considered impaired when it is probable that based upon current information and events, the Company will be unable to collect all amounts due under the contractual terms of the loan agreement. A valuation allowance is established when a loan is impaired for the excess carrying value of the loan over its estimated collateral value. In addition to the valuation allowance for specific loans, a general reserve is estimated based on a percent of the outstanding loan balance. The general reserve at September 30, 2015 and December 31, 2014 was $103 and $36, respectively. The change in the reserve is reflected in net realized investment gains (losses), excluding OTTI on securities, in the Statements of Income. There were no impaired mortgage loans at September 30, 2015 and December 31, 2014. The change in the credit loss allowances on mortgage loans by type of property at September 30, 2015 and December 31, 2014 was as follows: Commercial September 30, 2015 December 31, Balance at beginning of period $ 36 $ 27 Provision 67 9 Balance at end of period $ 103 $ 36 The commercial mortgages are geographically diversified throughout the United States with the largest concentrations in Pennsylvania, California, Missouri, Virginia, New Hampshire, Washington, Florida, Minnesota, and Oregon which account for approximately 77% of mortgage loans at September 30, 2015. The credit quality of mortgage loans by type of property at September 30, 2015 and December 31, 2014 was as follows: Commercial September 30, 2015 December 31, 2014 AAA - AA $ 26,199 $ 21,378 A 59,249 45,325 BBB - BB 9,100 - Total mortgage loans on real estate 94,548 66,703 Less: reserves (103 ) (36 ) Total mortgage loans on real estate, net $ 94,445 $ 66,667 The credit quality for the commercial mortgage loans was determined based on an internal credit rating model which assigns a letter rating to each mortgage loan in the portfolio as an indicator of the quality of the mortgage loan. The internal credit rating model was designed based on rating agency methodology, then modified for credit risk associated with the Company’s mortgage lending process, taking into account such factors as projected future cash flows, net operating income, and collateral value. The model produces a rating score and an associated letter rating that is intended to align with S&P ratings as closely as possible. Information supporting the risk rating process is updated at least annually. While mortgage loans with a lower rating carry a higher risk of loss, adequate reserves for loan losses have been established to cover those risks. Securities Lending Financial assets that are lent to a third party or that are transferred subject to a repurchase agreement at a fixed price are not derecognized as the Company retains substantially all the risks and rewards of asset ownership. The loaned securities are included in fixed maturity AFS securities in the Balance Sheets. A liability is recognized for cash collateral received, required initially at 102%, on which interest is accrued. If the fair value of the collateral is at any time less than 102% of the fair value of the loaned securities, the counterparty is mandated to deliver additional collateral, the fair value of which, together with the collateral already held in connection with the lending transaction, is at least equal to 102% of the fair value of the loaned securities. The following table provides a summary of the securities under securities lending agreements for the periods ended: September 30, December 31, Payables for collateral under securities loaned $ 204,465 $ 265,236 Amortized cost of securities out on loan 173,591 215,195 Estimated fair value of securities out on loan 200,112 260,060 Reverse Repurchase Agreements The Company enters into dollar roll repurchase agreement transactions whereby the Company takes delivery of pools of mortgage-backed securities (“MBS”) and sells them to counterparty along with an agreement to repurchase substantially the same pools at some point in the future, typically one month forward. These transactions are accounted for as collateralized borrowings, and the repurchase agreement liability is included in the balance sheets in payables for collateral under securities loaned and reverse repurchase agreements. There is a risk that the MBS pools will not be delivered by the counterparty upon the maturity of the repurchase agreement. However, this risk is considered to be very low as the U.S. MBS market is a well-established, deep, and liquid for securities that the counterparty can utilize to source pools required to satisfy its obligation. Counterparties for MBS pools must pass internal credit underwriting standards prior to initiating repurchase agreement transactions. In addition, each month the value of the cash collateral is reset based on the change in the fair value of the MBS, thereby minimizing the amount of counterparty exposure. The following table provides a summary of the securities under reverse repurchase agreements for the periods ended: September 30, 2015 December 31, Payable for reverse repurchase agreements $ 30,267 $ 644 Amortized cost of securities pledged 30,432 634 Estimated fair value of securities pledged 30,434 646 Collateral Maturities of Reverse Repurchase Agreements and Securities LendingTransactions September 30, 2015 Overnight and Up to 30 days Total Reverse repurchase agreements Residential mortgage-backed securities $ - $ 30,434 $ 30,434 Total - 30,434 30,434 Securities lending transactions U.S. Treasury and agency securities 163,019 - 163,019 Corporate securities 23,544 - 23,544 Equity securities - banking 13,549 - 13,549 Total 200,112 - 200,112 Total Borrowings $ 200,112 $ 30,434 $ 230,546 Gross amount of recognized liabilities for repurchase agreements and securities lending in balance sheets $ 234,732 Derivatives and Hedge Accounting The Company uses several types of derivatives to manage the capital market risk associated with the GMWB. S&P futures contracts are used to hedge the equity risk associated with these types of variable guaranteed products, in particular the claim and/or revenue risks of the liability portfolio. Net settlements on the futures occur daily. The realized gains (losses) on settlement of these futures have been recorded in net derivative gains (losses) in the Statements of Income. The Company uses variance swaps to hedge equity risk. During 2013, the Company also entered into total return swaps that are based on the S&P. The Company recognizes gains (losses) from the change in fair value of the variance swaps and total return swaps in net derivative gains (losses) in the Statements of Income. During the third quarter of 2013, the Company entered into cash flow hedging transactions on Treasury Inflation Protected Securities (“TIPS”) utilizing interest rate swaps to lengthen portfolio duration and to hedge the variability of cash flows due to changes in inflation. During the fourth quarter of 2014, the Company began writing credit default swaps enabling the Company to change the risk profile of the assets in the portfolio by enhancing the overall yield. As a writer of credit default swaps, the Company actively monitors the underlying asset, being careful to note any events (default or similar credit event) that would require the Company to perform on the credit default swap. If such events would take place, the Company has recourse provisions from the proceeds of the bankruptcy settlement of the underlying entity or by the sale of the underlying bond. In the event the representative issuer defaults on its debt obligation referenced in the contract, a payment equal to the notional amount of the contract will be made by the Company and recognized in net derivative gains (losses) in the Statement of Income. The Company also uses an option strategy to hedge equity risk. These derivatives were purchased in the second quarter of 2015 as part of a hedging program which hedges a specific range of equity market decline. The strategy has limited profitability but also limited risk characteristics due to the structure of the package of put options. The Company recognizes gains (losses) from the change in fair value of the options in net derivative gains (losses) in the Statements of Income. The following table presents the notional and fair value of hedging instruments at September 30, 2015 and December 31, 2014: Notional Fair Value September 30, December 31, September 30, December 31, Derivative Type 2015 2014 2015 2014 Non-qualifying hedges Short futures $ 68,141 $ 49,873 $ - $ - Variance swaps 610 1,059 (321 ) (3,243 ) Total return swaps 1,291,001 852,910 16,615 (17,941 ) Options 656,970 - 29,414 - Credit default swaps 210,000 170,000 442 2,017 Total non-qualifying hedges 2,226,722 1,073,842 46,150 (19,167 ) Cash flow hedges Interest rate swaps 49,884 49,884 6,710 1,478 Total cash flow hedges 49,884 49,884 6,710 1,478 Derivative Total $ 2,276,606 $ 1,123,726 $ 52,860 $ (17,689 ) The following table presents the net derivative gains (losses) recognized in the Statements of Income: Net Derivative Gains (Losses) Recognized In Income Three Months Ended Nine Months Ended September 30, Derivative Type 2015 2014 2015 2014 Short futures $ 3,016 $ (977 ) $ 1,658 $ (5,760 ) Variance swaps 863 (412 ) (1,352 ) (4,845 ) Total return swaps 18,535 8,592 (15,892 ) (34,105 ) Options 16,627 - 19,083 - Interest rate swaps 1 1 4 (79 ) Credit default swaps (1,810 ) - (482 ) - Total $ 37,232 $ 7,204 $ 3,019 $ (44,789 ) The following tables present the maximum potential amount of future payments, credit rating, and maturity dates for the credit default swaps at September 30, 2015 and December 31, 2014: Maximum Potential Credit Rating Maturity Date Range Derivative Type September 30, 2015 Credit default swaps Corporate debt $ 120,000 A June 2017 - December 2020 Sovereign debt 90,000 AA-A June 2017 - March 2020 Credit default swaps total $ 210,000 Maximum Potential Credit Rating Maturity Date Range Derivative Type December 31, 2014 Credit default swaps Corporate debt $ 100,000 A June 2017 - December 2020 Sovereign debt 70,000 A June 2017 - December 2020 Credit default swaps total $ 170,000 The following tables present the components of the gain or loss on derivatives that qualify as cash flow hedges: Gain (Loss) Recognized in OCI Gain (Loss) Recognized in Three Months Ended Nine Months Ended 2015 2014 2015 2014 Interest rate swaps $ 4,952 $ 2,517 $ 5,504 $ (1,243 ) Total $ 4,952 $ 2,517 $ 5,504 $ (1,243 ) Net Realized Gains (Losses) Net Realized Gains (Losses) Three Months Ended Nine Months Ended 2015 2014 2015 2014 Interest rate swaps $ 1 $ 1 $ 4 $ (79 ) Total $ 1 $ 1 $ 4 $ (79 ) Gain (Loss) Reclassified Gain (Loss) Reclassified Three Months Ended Nine Months Ended Location 2015 2014 2015 2014 Interest rate swaps Net investment income $ (447 ) $ (256 ) $ (273 ) $ (933 ) Total $ (447 ) $ (256 ) $ (273 ) $ (933 ) All components of each derivative’s gain or loss were included in the assessment of hedge effectiveness. At September 30, 2015, the before-tax deferred net losses on derivatives recorded in accumulated other comprehensive income that are expected to be reclassified to the Statements of Income during the next twelve months are ($364). This expectation is based on the anticipated interest payments on the hedged investments in TIPS that will occur over the next twelve months, at which time the Company will recognize the deferred gains (losses) as an adjustment to interest income over the term of the investment cash flows. The Company receives or pledges collateral related to these derivative transactions. The credit support agreement contains a fair value threshold of $1,000 over which collateral needs to be pledged by the Company or its counterparty. At September 30, 2015 and December 31, 2014, the Company has pledged securities in the amount of $9,456 and $27,862, respectively, to counterparties. At September 30, 2015, the Company received cash collateral from counterparties in the amount of $14,001. At December 31, 2014, the Company did not receive cash collateral from counterparties. In addition, in order to trade futures, the Company is required to post collateral to an exchange (sometimes referred to as margin). The fair value of collateral posted in relation to the futures margin was $4,189 and $3,235 at September 30, 2015 and December 31, 2014, respectively. Offsetting of Financial Instruments The Company has derivative instruments that are subject to master netting agreements. These agreements include provisions to setoff positions with the same counterparties in the event of default by one of the parties. The following tables present the offsetting of derivative assets for the periods ended September 30, 2015 and December 31, 2014: September 30, 2015 Gross Amounts Description Gross Gross Net Amounts Financial Collateral Net Amount Derivatives $ 113,129 $ 53,342 $ 59,787 $ - $ 57,595 $ 2,192 Total $ 113,129 $ 53,342 $ 59,787 $ - $ 57,595 $ 2,192 December 31, 2014 Gross Amounts Not Offset in the Balance Sheet Description Gross Gross Net Amounts in the Financial Collateral Net Amount Derivatives $ 5,467 $ 4,412 $ 1,055 $ - $ - $ 1,055 Total $ 5,467 $ 4,412 $ 1,055 $ - $ - $ 1,055 The following tables present the offsetting of derivative liabilities for the periods ended September 30, 2015 and December 31, 2014: September 30, 2015 Gross Amounts Description Gross Gross Amounts Net Amounts Financial Collateral Net Amount Derivatives $ 60,269 $ 53,342 $ 6,927 $ - $ 6,662 $ 265 Total $ 60,269 $ 53,342 $ 6,927 $ - $ 6,662 $ 265 December 31, 2014 Gross Amounts Not Offset in the Balance Sheet Description Gross Gross Amounts Offset in the Balance Sheet Net Amounts in the Balance Sheet Financial Collateral Net Amount Derivatives $ 23,156 $ 4,412 $ 18,744 $ - $ 17,637 $ 1,107 Total $ 23,156 $ 4,412 $ 18,744 $ - $ 17,637 $ 1,107 There were no other financial assets or financial liabilities at September 30, 2015 and December 31, 2014 that were subject to offsetting. Net Investment Income Net investment income by source for the three and nine months ended September 30, was as follows: Three Months Ended Nine Months Ended Net investment income 2015 2014 2015 2014 Fixed maturity securities -available-for-sale $ 17,577 $ 18,347 $ 53,502 $ 54,519 Policy loans on insurance contracts 8,946 9,414 26,556 27,806 Cash and cash equivalents 140 131 448 410 Equity securities 469 470 1,499 1,526 Limited partnerships (2,272 ) 413 (715 ) 584 Mortgages 1,038 783 2,898 2,222 Derivatives 954 763 2,784 3,465 Other 103 99 117 272 Gross investment income 26,955 30,420 87,089 90,804 Less investment expenses (1,248 ) (905 ) (3,439 ) (2,461 ) Net investment income $ 25,707 $ 29,515 $ 83,650 $ 88,343 Realized Investment Gains (Losses) The Company considers fair value at the date of sale to be equal to proceeds received. Proceeds and gross realized investment gains (losses) from the sale of AFS securities for the three and nine months ended September 30 were as follows: Three Months Ended Nine Months Ended 2015 2014 2015 2014 Proceeds $ 46,395 $ 9,246 $ 138,614 $ 56,858 Gross realized investment gains 2,604 1,928 5,556 4,183 Gross realized investment losses (153 ) (83 ) (2,304 ) (633 ) Proceeds on AFS securities sold at a realized loss 4,181 4,335 31,876 22,001 Net realized investment gains for the three and nine months ended September 30 were as follows: Three Months Ended Nine Months Ended 2015 2014 2015 2014 Fixed maturity AFS securities $ 2,444 $ 1,841 $ 1,204 $ 3,416 Equity securities - - 175 30 Mortgages (74 ) (817 ) (67 ) (1,997 ) Adjustment related to VOBA (198 ) 266 (143 ) 844 Net realized investment gains $ 2,172 $ 1,290 $ 1,169 $ 2,293 OTTI If management determines that a decline in the value of an AFS equity security is other-than-temporary, the cost basis is adjusted to estimated fair value and the decline in value is recorded as a net realized investment loss. For debt securities, the manner in which an OTTI is recorded depends on whether management intends to sell a security or it is more likely than not that it will be required to sell a security in an unrealized loss position before its anticipated recovery. If management intends to sell or more likely than not will be required to sell the debt security before recovery, the OTTI is recognized in earnings for the difference between amortized cost and fair value. If these criteria are not met, the OTTI is bifurcated into two pieces: a credit loss is recognized in earnings at an amount equal to the difference between the amortized cost of the debt security and the present value of the security’s anticipated cash flows, and a non credit loss is recognized in OCI for any difference between the fair value and the net present value of the debt security at the impairment measurement date. The following table sets forth the amount of credit loss impairments on fixed maturity securities held by the Company at the dates indicated, for which a portion of the OTTI loss was recognized in OCI, and the corresponding changes in such amounts at September 30, 2015 and December 31, 2014: September 30, December 31, Balance at beginning of period $ (185 ) $ 714 Credit loss impairment recognized in the current period on securities not previously impaired 1,764 - Additional credit loss impairments recognized in the current period on securities previously impaired through other comprehensive income 109 104 Accretion of credit loss impairments previously recognized (719 ) (1,003 ) Balance at end of period $ 969 $ (185 ) The components of OTTI reflected in the Statements of Income for the three and nine months ended September 30 were as follows: Three Months Ended September 30, 2015 Nine Months Ended September 30, 2015 OTTI Losses on Net Net OTTI Net OTTI Loss Net Gross OTTI losses $ 7 $ - $ 7 $ 1,873 $ - $ 1,873 Net OTTI losses $ 7 $ - $ 7 $ 1,873 $ - $ 1,873 Three Months Ended September 30, 2014 Nine Months Ended September 30, 2014 OTTI Net Net OTTI Net OTTI Loss Net Gross OTTI losses $ 4 $ - $ 4 $ 104 $ - $ 104 Net OTTI losses $ 4 $ - $ 4 $ 104 $ - $ 104 For the three and nine months ended September 30, 2015 the Company’s impairment losses recognized in the Statements of Income were $7 and $1,873, respectively, with no associated value of business acquired amortization. For the three and nine months ended September 30, 2014 the Company’s impairment losses recognized in the Statements of Income were $4 and $104, respectively, with no associated value of business acquired amortization. For the nine months ended September, 2015, the Company impaired its holding of a previously OCI impaired 2006 vintage residential mortgage backed security (“RMBS”), a previously OCI impaired 2007 vintage RMBS and a public non-convertible bond due to adverse changes in cash flows. For the three and nine months ended September, 2014, the Company impaired its holding of a previously OCI impaired 2006 vintage RMBS and a previously OCI impaired 2007 vintage RMBS due to adverse changes in cash flows.

Value of Business Acquired ("VO

Value of Business Acquired ("VOBA"), Deferred Acquisition Costs ("DAC"), and Deferred Sales Inducements ("DSI")	9 Months Ended
	Sep. 30, 2015
Value of Business Acquired ("VOBA"), Deferred Acquisition Costs ("DAC"), and Deferred Sales Inducements ("DSI")	Note 4. Value of Business Acquired (“VOBA”), Deferred Acquisition Costs (“DAC”), and Deferred Sales Inducements (“DSI”) For a complete discussion of the Company’s VOBA, DAC and DSI accounting policies, refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. VOBA VOBA reflects the estimated fair value of in force contracts acquired and represents the portion of the purchase price that is allocated to the value of the right to receive future cash flows from the life insurance and annuity contracts in force at the acquisition date. VOBA is based on actuarially determined projections, for each block of business, of future policy and contract charges, premiums, mortality, Separate Accounts performance, surrenders, operating expenses, investment returns and other factors. Actual experience on the purchased business may vary from these projections. If estimated gross profits or premiums differ from expectations, the amortization of VOBA is adjusted to reflect actual experience. The long-term equity growth rate assumption for the amortization of VOBA was 8% at September 30, 2015 and 2014. The change in the carrying amount of VOBA for the three and nine months ended September 30 was as follows: Three Months Ended Nine Months Ended 2015 2014 2015 2014 Amortization expense $ (7,270 ) $ (11,324 ) $ (18,819 ) $ (12,377 ) Unlocking (23 ) 6,447 (107 ) 6,448 Adjustment related to realized (gains) losses on investments (197 ) 266 (141 ) 844 Adjustment related to unrealized (gains) losses and OTTI on investments 599 4,338 6,318 (6,584 ) Change in VOBA carrying amount $ (6,891 ) $ (273 ) $ (12,749 ) $ (11,669 ) For the three and nine months ended September 30, 2015, the decrease in VOBA was primarily driven by an increase in amortization expense due to weak market performance during the period. DAC The costs of acquiring business, principally commissions, certain expenses related to policy issuance, and certain variable sales expenses that relate to and vary with the production of new and renewal business are deferred and amortized based on the estimated future gross profits for a group of contracts. DAC are subject to recoverability testing at the time of policy issuance and loss recognition testing at the end of each reporting period. DAC for variable annuities is amortized with interest over the anticipated lives of the insurance contracts in relation to the present values of estimated future gross profits from asset-based fees, guaranteed benefit rider fees, contract fees, and surrender charges, less a provision for guaranteed death and living benefit expenses, policy maintenance expenses, and non-capitalized commissions. Future gross profit estimates are subject to periodic evaluation by the Company with necessary revisions applied against amortization to date. The long-term equity growth rate assumption for the amortization of DAC was 8% at September 30, 2015 and 2014. The changes in the carrying amount of DAC for the three and nine months ended September 30 were as follows: Three Months Ended Nine Months Ended DAC 2015 2014 2015 2014 Capitalization $ 70 $ 71 $ 144 $ 159 Accretion (amortization) expense 3,509 (951 ) (278 ) (286 ) Unlocking (1,301 ) 1,630 (1,352 ) 1,661 Change in DAC carrying amount $ 2,278 $ 750 $ (1,486 ) $ 1,534 The increase in the carrying amount of DAC for the three months ended September 30, 2015 were primarily driven by a decrease in amortization resulting from negative gross profits. The decreases in the carrying amount of DAC for the nine months ended September 30, 2015 were primarily driven by increased amortization and negative unlocking resulting from positive gross profits. DSI The Company offers a sales inducement whereby the contract owner receives a bonus which increases the initial account balance by an amount equal to a specified percentage of the contract owner’s deposit. This amount may be subject to recapture under certain circumstances. Consistent with DAC, sales inducements for variable annuity contracts are deferred and amortized based on the estimated future gross profits for each group of contracts. These future gross profit estimates are subject to periodic evaluation by the Company, with necessary revisions applied against amortization to date. The long-term equity growth rate assumption for the amortization of DSI was 8% at September 30, 2015 and 2014. The changes in the carrying amount of DSI for the three and nine months ended September 30 were as follows: Three Months Ended Nine Months Ended DSI 2015 2014 2015 2014 Capitalization $ 8 $ (19 ) $ 13 $ 21 Accretion (amortization) expense 799 (132 ) (58 ) 13 Unlocking (295 ) 732 (307 ) 700 Change in DSI carrying amount $ 512 $ 581 $ (352 ) $ 734 The increase in the carrying amount of DSI for the three months ended September 30, 2015 were primarily driven by a decrease in amortization resulting from negative gross profits. The decreases in the carrying amount of DSI for the nine months ended September 30, 2015 were primarily driven by increased amortization and negative unlocking resulting from positive gross profits.

Variable Contracts Containing G

Variable Contracts Containing Guaranteed Benefits	9 Months Ended
	Sep. 30, 2015
Variable Contracts Containing Guaranteed Benefits	Note 5. Variable Contracts Containing Guaranteed Benefits The Company records liabilities for contracts containing a GMDB or guaranteed minimum income benefit (“GMIB”) as a component of future policy benefits in the Balance Sheets and changes in the liabilities are included as a component of policy benefits in the Statements of Income. The components of the changes in the GMDB and GMIB liabilities for the three and nine months ended September 30 were as follows: Three Months Ended Nine Months Ended GMDB 2015 2014 2015 2014 Guaranteed benefits incurred $ 6,467 $ 7,055 $ 19,551 $ 22,358 Guaranteed benefits paid (6,832 ) (6,407 ) (19,617 ) (21,143 ) Unlocking 32,957 2,449 32,232 (7,030 ) Total $ 32,592 $ 3,097 $ 32,166 $ (5,815 ) Three Months Ended Nine Months Ended GMIB 2015 2014 2015 2014 Guaranteed benefits incurred $ 2,701 $ 2,439 $ 8,363 $ 8,783 Guaranteed benefits paid (346 ) (133 ) (682 ) (1,214 ) Unlocking 25,507 (9,196 ) 22,192 (11,451 ) Total $ 27,862 $ (6,890 ) $ 29,873 $ (3,882 ) During the three months ended September 30, 2015, the increase in reserves was driven by a lower than expected Separate Account returns which resulted in unfavorable unlocking while results for the nine months ended September 30, 2015 had mixed Separate Account returns and resulted in a lower amount of unfavorable unlocking. The GMDB liability at September 30, 2015 and December 31, 2014 was $144,261 and $112,095, respectively. The GMIB liability at September 30, 2015 and December 31, 2014 was $99,648 and $69,775, respectively. The Company has issued variable life contracts in which the Company contractually guarantees to the contract owner a GMDB. In general, contracts containing GMDB provisions provide a death benefit equal to the amount specified in the contract regardless of the level of the contract’s account value. For the three and nine months ended September 30, 2015 and 2014, an insignificant amount of variable life guaranteed benefits was recorded in the Statements of Income as policy benefits incurred or paid.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Taxes	Note 6. Income Taxes The effective tax rate was not meaningful for the nine months ended September 30, 2015 and 2014. Differences between the effective rate and the U.S. statutory rate of 35% principally were the result of a Separate Accounts dividends-received deduction (“DRD”) and the valuation allowance on net operating loss carryforward. The Company uses the asset and liability method in providing income taxes on all transactions that have been recognized in the financial statements. The asset and liability method requires that deferred taxes be adjusted to reflect the tax rates at which future taxable amounts will be settled or realized. The Company provides for federal income taxes based on amounts it believes it will ultimately owe. Inherent in the provision for federal income taxes are estimates regarding the realization of certain tax deductions and credits. The income tax expense (benefit) for the three and nine months ended September 30, 2015 and 2014 was $0 for both periods. The provision for income tax receivable (payable) consists of the following for the periods ending September 30, 2015 and December 31, 2014: September 30, 2015 December 31, Current federal income tax payable $ (179 ) $ (179 ) Current state income tax payable (105 ) (96 ) Deferred federal income tax payable (5,895 ) (5,895 ) Deferred state income tax receivable 1,061 1,061 Net income tax payable $ (5,118 ) $ (5,109 ) At September 30, 2015 and December 31, 2014, the Company has a tax valuation allowance for deferred tax assets of $125,269 and $113,406, respectively (this includes losses that are anticipated to be used in the consolidated group to reflect the income statement impact of the losses that wouldn’t be used if filing separately). At December 31, 2013, management determined that deferred tax assets on the net operating loss carryforward and other assets were not more likely than not to be realized. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that all or some of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets depends on generation of future taxable income during the periods in which those temporary differences are deductible. Management considers the scheduled reversal of deferred tax liabilities, projected taxable income, and tax-planning strategies in making the assessment. The error that was identified during the preparation of the Company’s 2014 financial statements as of the year ended December 31, 2013 and the three quarters of 2014 relates to the complexity of the tax valuation allowance calculation. The Company has analyzed all material tax positions under the guidance of ASC 740, Income Taxes, related to the accounting for uncertainty in income tax, and determined there were tax benefits of $3,697 (gross $10,564) and $3,041 (gross $8,689), respectively, that should not be recognized at September 30, 2015 and December 31, 2014, which primarily relate to uncertainty regarding the sustainability of certain deductions taken on the 2008-2014 U.S. Federal income tax returns and an estimated amount for 2015. To the extent these unrecognized tax benefits are ultimately recognized, they will not impact the effective tax rate in a future period. It is not anticipated that the total amounts of unrecognized tax benefits will significantly increase within twelve months of the reporting date. The components of the change in the unrecognized tax benefits were as follows: September 30, December 31, Balance at beginning of period $ 3,041 $ 2,931 Additions for tax positions of prior years 363 110 Additions for tax positions of current year 293 - Balance at end of period $ 3,697 $ 3,041 At December 31, 2014, the Company had an operating loss carryforward for federal income tax purposes of $505,102 (net of the ASC 740 reduction of $8,689), with a carryforward period of fifteen years that expire at various dates up to 2029. At September 30, 2015, a taxable loss is projected for 2015 that will increase the loss carryforward by approximately $109,495. The operating loss carryforward was also decreased by ($892) for the filing of the 2014 tax return. At September 30, 2015 and December 31, 2014, the Company had a capital loss carryforward of $2,468 for federal income tax purposes with a carryforward period of five years that will expire in 2018. At September 30, 2015 and December 31, 2014, the Company had a foreign tax credit carryforward of $8,745 and $8,574, respectively, with a carryforward period of ten years that will expire at various dates up to 2025. Also, the Company has an Alternative Minimum Tax credit carryforward for federal income tax purposes of $4,216 at September 30, 2015 and December 31, 2014, with an indefinite carryforward period. The Company classifies interest and penalties related to income taxes as interest expense and penalty expense, respectively. The Company did not recognize any penalties in its financial statements at September 30, 2015 and December 31, 2014. The Company recognized interest (income)/expense of $57 and less than $1 at September 30, 2015 and December 31, 2014, respectively. The Company records taxes on a separate company basis. Effective January 1, 2013 for federal income tax purposes the Company joined in a consolidated income tax return filing with its direct parent, AUSA, and its indirect parent, Transamerica Corporation, and other affiliated companies. The method of allocation between the companies is subject to a written tax allocation agreement. Under the terms of the agreement, taxes are payable to or receivable from Transamerica Corporation in amounts that would result had the Company filed a separate tax return with taxing authorities. Any tax differences between the Company’s separately calculated provision and cash flows attributable to benefits from consolidation have been recognized as capital contributions from Transamerica Corporation. As of September 30, 2015 and December 31 2014, the Company recognized capital contributions from Transamerica Corporation in connection with the tax allocation agreement in the amount of $11,666 and $179,029, respectively. Intercompany income tax balances are settled within thirty days of payment to or filing with the Internal Revenue Service. The Company filed a separate federal income tax return for the years 2008 through 2012. The Company was part of the consolidated tax return for 2013 and 2014. An examination is in progress for the years 2011 through 2013. The Company believes that there are adequate defenses against or sufficient provisions established related to any open or contested tax positions.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income ("AOCI")	9 Months Ended
	Sep. 30, 2015
Accumulated Other Comprehensive Income ("AOCI")	Note 7. Accumulated Other Comprehensive Income (“AOCI”) The following table presents the change in AOCI by component for the three and nine months ended September 30, 2015 and 2014: Three Months Ended September 30, 2015 Unrealized Holding (a) Unrealized Holding (a) Total Beginning balance $ 72,244 $ 1,838 $ 74,082 OCI before reclassifications 5,107 2,906 8,013 Amounts reclassified from AOCI (628 ) 288 (340 ) Net current period OCI 4,479 3,194 7,673 Ending balance $ 76,723 $ 5,032 $ 81,755 Nine Months Ended September 30, 2015 Unrealized Holding (a) Unrealized Holding (a) Total Beginning balance $ 107,760 $ 1,482 $ 109,242 OCI before reclassifications (32,335 ) 3,374 (28,961 ) Amounts reclassified from AOCI 1,298 176 1,474 Net current period OCI (31,037 ) 3,550 (27,487 ) Ending balance $ 76,723 $ 5,032 $ 81,755 (a) All amounts are net of tax. Three Months Ended September 30, 2014 Unrealized Holding (a) Unrealized Holding (a) Total Beginning balance $ 93,439 $ (1,255 ) $ 92,184 OCI before reclassifications (8,909 ) 1,458 (7,451 ) Amounts reclassified from AOCI 69 165 234 Net current period OCI (8,840 ) 1,623 (7,217 ) Ending balance $ 84,599 $ 368 $ 84,967 Nine Months Ended September 30, 2014 Unrealized Holding (a) Unrealized Holding (a) Total Beginning balance $ 38,533 $ 1,170 $ 39,703 OCI before reclassifications 45,870 (1,404 ) 44,466 Amounts reclassified from AOCI 196 602 798 Net current period OCI 46,066 (802 ) 45,264 Ending balance $ 84,599 $ 368 $ 84,967 (a) All amounts are net of tax. The following tables present the reclassifications out of AOCI for the three and nine months ended September 30, 2015 and 2014: Three Months Ended Nine Months Ended AOCI Components Amount Amount Statement Where Net Income is Unrealized holding gains (losses) on AFS securities Available-for-sale securities $ 981 $ (139 ) Net realized investment gains (losses) Portion of OTTI previously recognized (7 ) (1,873 ) in OCI 974 (2,012 ) Total before tax 346 (714 ) Tax expense (benefit) $ 628 $ (1,298 ) Net of tax Unrealized holding losses on cash flow hedges Interest rate swaps $ (447 ) $ (273 ) Net investment income (447 ) (273 ) Total before tax (159 ) (97 ) Tax benefit $ (288 ) $ (176 ) Net of tax Total amounts reclassified from AOCI $ 340 $ (1,474 ) Three Months Ended Nine Months Ended AOCI Components Amount Amount Unrealized holding gains (losses) on AFS securities Available-for-sale securities $ (103 ) $ (200 ) Net realized investment losses Portion of OTTI previously recognized (4 ) (104 ) in OCI (107 ) (304 ) Total before tax (38 ) (108 ) Tax benefit $ (69 ) $ (196 ) Net of tax Unrealized holding gains (losses) on cash flow hedges Interest rate swaps $ (256 ) $ (933 ) Net investment income (256 ) (933 ) Total before tax (91 ) (331 ) Tax benefit $ (165 ) $ (602 ) Net of tax Total amounts reclassified from AOCI $ (234 ) $ (798 )

Stockholder's Equity and Statut

Stockholder's Equity and Statutory Accounting Principles	9 Months Ended
	Sep. 30, 2015
Stockholder's Equity and Statutory Accounting Principles	Note 8. Stockholder’s Equity and Statutory Accounting Principles The Company’s statutory financial statements are presented on the basis of accounting practices prescribed or permitted by the Insurance Department of the State of Arkansas. The State of Arkansas has adopted the National Association of Insurance Commissioners’ (“NAIC”) statutory accounting principles as the basis of its statutory accounting principles. The Company’s statutory net income (loss) for the nine months ended September 30, 2015 and 2014 was ($104,663) and $151,234, respectively. Statutory capital and surplus at September 30, 2015 and December 31, 2014 was $840,767 and $912,090, respectively. For the nine months ended September 30, 2015 and 2014, the Company did not pay any dividends to AUSA. During the first nine months of 2015 and 2014, the Company received capital contributions from AUSA of $11,666 and $132,222, respectively.

Reinsurance

Reinsurance	9 Months Ended
	Sep. 30, 2015
Reinsurance	Note 9. Reinsurance In the normal course of business, the Company seeks to limit its exposure to loss on any single insured life and to recover a portion of benefits paid by ceding mortality risk to other insurance enterprises or reinsurers under indemnity reinsurance agreements, primarily quota share coverage and coinsurance agreements. The maximum amount of mortality risk retained by the Company is approximately $1,000 on single and joint life policies. Indemnity reinsurance agreements do not relieve the Company from its obligations to contract owners. Failure of reinsurers to honor their obligations could result in losses to the Company. The Company regularly evaluates the financial condition of its reinsurers so as to minimize its exposure to significant losses from reinsurer insolvencies. At September 30, 2015 and December 31, 2014, net reinsurance payables were ($140) and ($49), respectively. The Company did not have a reinsurance reserve at September 30, 2015 and December 31, 2014. In addition, the Company seeks to limit its exposure to guaranteed benefit features contained in certain variable annuity contracts. Specifically, the Company reinsures certain GMIB and GMDB provisions to the extent reinsurance capacity is available in the marketplace. At September 30, 2015, 35% and 5% of the account value for variable annuity contracts containing GMIB and GMDB provisions, respectively, were reinsured. At December 31, 2014, 36% and 5% of the account value for variable annuity contracts containing GMIB and GMDB provisions, respectively, were reinsured.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2015
Related Party Transactions	Note 10. Related Party Transactions At September 30, 2015, the Company had the following related party agreements in effect: The Company is party to a common cost allocation service agreement between AUSA affiliated companies in which various affiliated companies may perform specified administrative functions in connection with the operation of the Company, in consideration of reimbursement of actual costs of services rendered. During the three and nine months ended September 30, 2015, the Company incurred $2,026 and $16,043, respectively, in expenses under this agreement. During the three and nine months ended September 30, 2014, the Company incurred $2,414 and $7,361, respectively, in expenses under this agreement. Charges attributable to this agreement are included in insurance expenses and taxes, net of amounts capitalized. The Company is party to intercompany short-term note receivable arrangements with AUSA and affiliates at various times. On June 19, 2015, the Company entered into an intercompany short-term note receivable for $25,000 with an interest rate of 0.13% that is due on June 18, 2016. During the three and nine months ended September 30, 2015, the Company accrued and /or received $8 and $9 respectively, of interest income. On June 27, 2014, the Company entered into an intercompany short-term note receivable with AUSA for $50,000 with an interest rate of 0.11% that was paid off in December 2014. During the three and nine months ended September 30, 2014 the Company accrued and /or received $13 and $14, respectively, of interest income. Interest related to these arrangements is included in net investment income. AEGON USA Realty Advisors, LLC acts as the manager and administrator for the Company’s mortgage loans on real estate under an administrative and advisory agreement with the Company. Charges attributable to this agreement are included in net investment income. During the three and nine months ended September 30, 2015, the Company incurred charges of $36 and $102, respectively, under this agreement. During the three and nine months ended September 30, 2014, the Company incurred charges of $22 and $63, respectively, under this agreement. Mortgage loan origination fees are amortized into net investment income over the life of the mortgage loans. There were no mortgage loan origination fees incurred during the three and nine months ended September 30, 2015 and 2014, respectively. AEGON USA Investment Management, LLC acts as a discretionary investment manager under an investment management agreement with the Company. During the three and nine months ended September 30, 2015, the Company incurred $437 and $1,278, respectively, in expenses under this agreement. During the three and nine months ended September 30, 2014, the Company incurred $449 and $1,329, respectively, in expenses under this agreement. Charges attributable to this agreement are included in net investment income. Transamerica Capital, Inc. provides underwriting and distribution services for the Company under an underwriting agreement with the Company. During the three and nine months ended September 30, 2015, the Company incurred $7,547 and $22,200, respectively, in expenses under this agreement. During the three and nine months ended September 30, 2014, the Company incurred $7,844 and $23,331, respectively, in expenses under this agreement. Charges attributable to this agreement are included in insurance expenses and taxes, net of amounts capitalized. Transamerica Asset Management, Inc. acts as the investment advisor for certain related party funds in the Company’s Separate Accounts under multiple service agreements. During the three and nine months ended September 30, 2015, the Company incurred $89 and $275, respectively, in expenses under this agreement. During the three and nine months ended September 30, 2014, the Company incurred $102 and $306, respectively, in expenses under this agreement. The Company has a participation agreement with Transamerica Series Trust to offer certain funds in the Company’s Separate Accounts. Transamerica Capital, Inc. acts as the distributor for such related party funds. The Company has entered into a distribution and shareholder services agreement for certain of such funds. During the three and nine months ended September 30, 2015, the Company received $589 and $1,825, respectively, in revenue under this agreement. During the three and nine months ended September 30, 2014, the Company received $710 and $1,894, respectively, in revenue under this agreement. Revenue attributable to this agreement is included in policy charge revenue. The Company engages in the purchase and sale of investments with various affiliated companies. The investments are purchased and sold using the fair value on the date of the acquisition or disposition. The purchasing and selling of investments with affiliated companies for the three and nine months ended September 30, 2015 and 2014 was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Investments purchased from related parties: Fixed maturities $ - $ 19,652 $ 30,356 $ 118,105 Mortgages - - 4,000 - Limited partnerships - - - 25,000 Investments sold to related parties: Fixed maturities - - 24,878 24,844 Mortgages - 2,038 - 2,038 While management believes that the service agreements referenced above are calculated on a reasonable basis, they may not necessarily be indicative of the costs that would have been incurred with an unrelated third party. Affiliated agreements generally contain reciprocal indemnity provisions pertaining to each party’s representations and contractual obligations thereunder.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2015
Segment Information	Note 11. Segment Information In reporting to management, the Company’s operating results are categorized into two business segments: Annuity and Life Insurance. The Company’s Annuity segment consists of variable annuities, contingent deferred annuities and interest-sensitive annuities. The Company’s Life Insurance segment consists of variable life insurance products and interest-sensitive life insurance products. The accounting policies of the business segments are the same as those for the Company’s financial statements included herein. All revenue and expense transactions are recorded at the product level and accumulated at the business segment level for review by management. The following tables summarize each business segment’s contribution to select Statements of Income information for the three and nine months ended September 30, 2015 and 2014: Annuity Life Total Three months ended September 30, 2015 Net revenues (a) $ 74,149 $ 17,147 $ 91,296 Amortization (accretion) of VOBA (229 ) 7,522 7,293 Policy benefits (net of reinsurance recoveries) 64,676 6,714 71,390 Income tax expense (benefit) (896 ) 896 - Net income 2,387 939 3,326 Three months ended September 30, 2014 Net revenues (a) $ 49,860 $ 19,206 $ 69,066 Amortization of VOBA 1,097 3,780 4,877 Policy benefits (net of reinsurance recoveries) 15,828 11,065 26,893 Income tax expense (benefit) 549 (549 ) - Net income 23,321 3,370 26,691 Annuity Life Total Nine months ended September 30, 2015 Net revenues (a) $ 117,990 $ 55,202 $ 173,192 Amortization of VOBA 5,080 13,846 18,926 Policy benefits (net of reinsurance recoveries) 81,180 28,041 109,221 Income tax expense (benefit) (2,520 ) 2,520 - Net income 1,382 7,642 9,024 Nine months ended September 30, 2014 Net revenues (a) $ 82,152 $ 56,175 $ 138,327 Amortization (accretion) of VOBA (25 ) 5,954 5,929 Policy benefits (net of reinsurance recoveries) 21,728 32,378 54,106 Income tax expense (benefit) (1,987 ) 1,987 - Net income 30,391 14,843 45,234 (a) Net revenues include total revenues net of interest credited to policyholder liabilities.

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2015
Basis of Presentation	Basis of Presentation Transamerica Advisors Life Insurance Company (“TALIC” or the “Company”) is a wholly owned subsidiary of AEGON USA, LLC (“AUSA”). AUSA is an indirect wholly owned subsidiary of AEGON N.V., a limited liability share company organized under Dutch law. For a complete discussion of the Company’s 2014 Financial Statements and accounting policies, refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. The interim Financial Statements for the three month periods are unaudited; all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of the Financial Statements have been included. These unaudited Financial Statements should be read in conjunction with the audited Financial Statements included in the 2014 Annual Report on Form 10-K. The nature of the Company’s business is such that results of any interim period are not necessarily indicative of results for a full year.
Basis of Reporting	Basis of Reporting The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“GAAP”). The Company also submits financial statements to insurance industry regulatory authorities, which are prepared on the basis of statutory accounting principles. Certain significant accounting policies and related judgments underlying the Company’s financial statements are summarized below.
Restatement of Previously Issued Financial Statements	Restatement of Previously Issued Financial Statements During the preparation of the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, an error in the tax valuation allowance was identified for the year ended December 31, 2013. The error principally related to the scheduling of certain deferred tax liabilities in the Company’s analysis of the future ability to utilize net operating loss carryforwards in the tax expense calculations and the resulting amount of valuation allowance recognized. Following the identification of the tax related error, management initiated a comprehensive internal review of the Company’s historical financial information and determined the error materially impacted the audited financial statements for the year ended December 31, 2013 and the unaudited interim financial statements for March 31, 2014, June 30, 2014 and September 30, 2014. Consequently, the Company restated its financial statements for the year ended December 31, 2013 and the unaudited interim financial statements for March 31, 2014, June 30, 2014 and September 30, 2014. For additional detail refer to the Company’s 2014 Annual Report on Form 10-K. In addition to the error in the tax valuation allowance, the Company identified out-of-period errors that were individually and in the aggregate immaterial and that were corrected in the period to which they relate. These corrections primarily relate to actuarial modelling reserving errors and state tax calculations and are reflected in the Company’s 2014 Annual Report on Form 10-K. Income before taxes and Net income for the nine months ended September 30, 2015 included a net decrease of ($800) reflecting prior period errors from reserve model corrections related to the implementation of the guaranteed minimum death benefit (“GMDB”) lapse assumption. Management has evaluated the correction and concluded that it is not material to any previously reported quarterly or annual financial statements or to the current year. Certain corrections have been made to prior period financial statements. In the Statements of Other Comprehensive Income, unrealized losses of $3,446 and $6,040 for the three and nine months ended September 30, 2014 were reclassified from “Change in previously recognized unrealized other-than-temporary impairments” to “Net unrealized holding gains arising during the period”. On the Statements of Income, “Reinsurance premium ceded” of $1,118 and $4,268 for the three and nine months ended September 30, 2014 has been reclassified to “Policy charge revenue”. The impact to the individual financial statement line items for these corrections is reflected in the below section titled “ Comparison of previously issued unaudited interim financial statements to restated unaudited interim financial statements for the period ended September 30, 2014 Comparison of previously issued unaudited interim financial statements to restated unaudited interim financial statements for the period ended September 30, 2014 The following tables compare the Statements of Income, Comprehensive Income (Loss), and Cash Flows for the period ended September 30, 2014 included in the Form 10-Q filed on November 13, 2014 to the corresponding restated financial statements. Transamerica Advisors Life Insurance Company Statement of Income (unaudited) Three Months Ended September 30, 2014 (dollars in thousands) As Reported Tax Valuation Other (1) As Restated Revenues Policy charge revenue $ 45,930 $ - $ (1,118) $ 44,812 Net investment income 29,515 - - 29,515 Net realized investment gains (losses) Other-than-temporary impairment losses on securities - - - - Portion of other-than-temporary impairments previously recognized in other comprehensive income (4 ) - - (4 ) Net other-than-temporary impairment losses on securities recognized in income (4 ) - - (4 ) Net realized investment gains, excluding other-than-temporary impairment losses on securities 1,294 - - 1,294 Net realized investment gains 1,290 - - 1,290 Net derivative gains 7,204 - - 7,204 Total Revenues 83,939 - (1,118 ) 82,821 Benefits and Expenses Interest credited to policyholder liabilities 13,755 - - 13,755 Policy benefits (net of reinsurance recoveries: $146) 30,593 - (3,700 ) 26,893 Reinsurance premium ceded 1,118 - (1,118 ) - Accretion of deferred policy acquisition costs (2,579 ) - 1,900 (679 ) Amortization of value of business acquired 6,877 - (2,000 ) 4,877 Insurance expenses and taxes 11,284 - - 11,284 Total Benefits and Expenses 61,048 - (4,918 ) 56,130 Income Before Taxes 22,891 - 3,800 26,691 Income Tax Expense 51,689 (51,689 ) - - Net Income (Loss) $ (28,798 ) $ 51,689 $ 3,800 $ 26,691 (1) Consists out-of-period errors and reclassifications. Transamerica Advisors Life Insurance Company Statement of Income (unaudited) Nine Months Ended September 30, 2014 (dollars in thousands) As Reported Tax Valuation Other (1) As Restated Revenues Policy charge revenue $ 138,426 $ - $ (4,268 ) $ 134,158 Net investment income 88,343 - - 88,343 Net realized investment gains (losses) Other-than-temporary impairment losses on securities - - - - Portion of other-than-temporary impairments previously recognized in other comprehensive income (104 ) - - (104 ) Net other-than-temporary impairment losses on securities recognized in income (104 ) - - (104 ) Net realized investment gains, excluding other-than-temporary impairment losses on securities 2,397 - - 2,397 Net realized investment gains 2,293 - - 2,293 Net derivative losses (44,789 ) - - (44,789 ) Total Revenues 184,273 - (4,268 ) 180,005 Benefits and Expenses Interest credited to policyholder liabilities 41,678 - - 41,678 Policy benefits (net of reinsurance recoveries: $4,192) 57,906 - (3,800 ) 54,106 Reinsurance premium ceded 4,268 - (4,268 ) - Accretion of deferred policy acquisition costs (3,105 ) - 1,730 (1,375 ) Amortization of value of business acquired 8,029 - (2,100 ) 5,929 Insurance expenses and taxes 34,433 - - 34,433 Total Benefits and Expenses 143,209 - (8,438 ) 134,771 Income Before Taxes 41,064 - 4,170 45,234 Income Tax Expense 69,962 (69,962 ) - - Net Income (Loss) $ (28,898 ) $ 69,962 $ 4,170 $ 45,234 (1) Consists out-of-period errors and reclassifications. Transamerica Advisors Life Insurance Company Statement of Comprehensive Income (unaudited) Three Months Ended (dollars in thousands) As Reported Tax Valuation Other (1) As Restated Net Income (Loss) $ (28,798 ) $ 51,689 $ 3,800 $ 26,691 Other Comprehensive Income (Loss) Net unrealized losses on available-for-sale securities Net unrealized holding losses arising during the period (12,452 ) - (3,446 ) (15,898 ) Reclassification adjustment for losses included in net income (loss) 103 - - 103 (12,349 ) - (3,446 ) (15,795 ) Net unrealized gains on cash flow hedges Net unrealized gain on cash flow hedges arising during the period 2,261 - - 2,261 Reclassification adjustment for losses included in net income (loss) 256 - - 256 2,517 - - 2,517 Net unrealized other-than-temporary impairments on securities Change in previously recognized unrealized other-than-temporary impairments (1,727 ) - 3,446 1,719 Reclassification adjustment for other-than-temporary impairments included in net income (loss) 4 - - 4 (1,723 ) - 3,446 1,723 Adjustments Value of business acquired 4,338 - - 4,338 Deferred income taxes 2,562 (2,562 ) - - 6,900 (2,562 ) - 4,338 Total other comprehensive loss, net of taxes (4,655 ) (2,562 ) - (7,217 ) Comprehensive Income (Loss) $ (33,453 ) $ 49,127 $ 3,800 $ 19,474 (1) Consists out-of-period errors and reclassifications. Transamerica Advisors Life Insurance Company Statement of Comprehensive Income (unaudited) Nine Months Ended (dollars in thousands) As Reported Tax Valuation Other (1) As Restated Net Income (Loss) $ (28,898) $ 69,962 $ 4,170 $ 45,234 Other Comprehensive Income (Loss) Net unrealized gains on available-for-sale securities Net unrealized holding gains (losses) arising during the period 55,911 - (6,040 ) 49,871 Reclassification adjustment for losses included in net income (loss) 200 - - 200 56,111 - (6,040 ) 50,071 Net unrealized losses on cash flow hedges Net unrealized losses on cash flow hedges arising during the period (2,176 ) - - (2,176 ) Reclassification adjustment for losses included in net income (loss) 933 - - 933 (1,243 ) - - (1,243 ) Net unrealized other-than-temporary impairments on securities Change in previously recognized unrealized other-than-temporary impairments (3,124 ) - 6,040 2,916 Reclassification adjustment for other-than-temporary impairments included in net income (loss) 104 - - 104 (3,020 ) - 6,040 3,020 Adjustments Value of business acquired (6,584 ) - - (6,584 ) Deferred income taxes (16,070 ) 16,070 - - (22,654 ) 16,070 - (6,584 ) Total other comprehensive income, net of taxes 29,194 16,070 - 45,264 Comprehensive Income $ 296 $ 86,032 $ 4,170 $ 90,498 (1) Consists out-of-period errors and reclassifications. Transamerica Advisors Life Insurance Company Statement of Cash Flows (unaudited) Nine Months Ended (dollars in thousands) As Reported Tax Valuation Other (1) As Restated CASH FLOWS FROM OPERATING ACTIVITIES Net income (loss) $ (28,898 ) $ 69,962 $ 4,170 $ 45,234 Adjustments to reconcile net income loss to net cash and cash equivalents provided by operating activities: Change in deferred policy acquisition costs (3,264 ) - 1,730 (1,534 ) Change in deferred sales inducements (734 ) - - (734 ) Change in value of business acquired 8,029 - (2,100 ) 5,929 Change in benefit reserves 5,405 - (3,800 ) 1,605 Change in income tax accruals 70,467 (69,962 ) - 505 Change in claims and claims settlement expenses 9,563 - - 9,563 Change in other operating assets and liabilities, net 11,670 - - 11,670 Change in checks not yet presented for payment (3,216 ) - - (3,216 ) Amortization of investments 578 - - 578 Interest credited to policyholder liabilities 41,678 - - 41,678 Net derivative losses 44,789 - - 44,789 Net realized investment gains (2,293 ) - - (2,293 ) Net cash and cash equivalents provided by operating activities 153,774 - - 153,774 CASH FLOWS FROM INVESTING ACTIVITIES Sales of available-for-sale securities and mortgage loans 58,584 - - 58,584 Maturities of available-for-sale securities and mortgage loans 213,784 - - 213,784 Purchases of available-for-sale securities and mortgage loans (344,445 ) - - (344,445 ) Sales of limited partnerships 808 - - 808 Purchases of limited partnerships (25,000 ) - - (25,000 ) Change in affiliated short-term note receivable (50,000 ) - - (50,000 ) Cash received in connection with derivatives 8,469 - - 8,469 Cash paid in connection with derivatives (97,528 ) - - (97,528 ) Policy loans on insurance contracts, net 27,486 - - 27,486 Net settlement on futures contracts (5,760 ) - - (5,760 ) Other (584 ) - - (584 ) Net cash and cash equivalents used in investing activities $ (214,186 ) $ - $ - $ (214,186 ) CASH FLOWS FROM FINANCING ACTIVITIES Policyholder deposits $ 13,606 $ - $ - $ 13,606 Policyholder withdrawals (105,881 ) - - (105,881 ) Capital contributions from AEGON USA, LLC 132,222 - - 132,222 Change in payables for collateral under securities loaned, derivatives and reverse repurchase agreements 14,380 - - 14,380 Net cash and cash equivalents provided by financing activities 54,327 - - 54,327 Net decrease in cash and cash equivalents (2) (6,085 ) - - (6,085 ) Cash and cash equivalents, beginning of year 301,737 - - 301,737 Cash and cash equivalents, end of period $ 295,652 $ - $ - $ 295,652 (1) Consists of out-of-period errors and reclassifications. (2) Included in net decrease in cash and cash equivalents is interest received - $18; interest paid - $2; income taxes paid - $0; and income taxes received - $505.
Accounting Estimates and Assumptions	Accounting Estimates and Assumptions The preparation of financial statements requires management to make estimates and assumptions affecting the reported amounts of assets, liabilities, revenues and expenses and the disclosures of contingent assets and liabilities. Those estimates are inherently subject to change and actual results could differ from those estimates. Included among the material (or potentially material) reported amounts and disclosures that require extensive use of estimates are: fair value of certain invested assets, asset valuation allowances, deferred policy acquisition costs, deferred sales inducements, value of business acquired, goodwill, policyholder liabilities, income taxes, and potential effects of unresolved litigated matters.
Derivatives and Hedge Accounting	Derivatives and Hedge Accounting Derivatives are used by the Company to manage risk associated with interest rate or equity market risk or volatility. Freestanding derivatives are carried in the Balance Sheets at fair value. If a derivative is not designated as an accounting hedge or its use in managing risk does not qualify for hedge accounting, changes in the fair value of the derivatives are reported in net derivative gains (losses) in the Statements of Income. To qualify for hedge accounting, the hedge relationship is designated and formally documented at inception, detailing the particular risk management objective and strategy for the hedge (which includes the item and risk that is being hedged), the derivative that is being used and how hedge effectiveness is being assessed. For hedge accounting purposes, a distinction is made between fair value hedges, cash flow hedges and hedges of a net investment in a foreign operation. Currently, the Company only has cash flow hedges. A cash flow hedge is the hedge of the exposure to variability of cash flows to be received or paid related to a recognized asset or liability. For derivatives that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative is reported as a component of other comprehensive income (“OCI”) and reclassified into the Statements of Income when the Company’s earnings are affected by the variability of the hedged item. Any hedge ineffectiveness is recognized as a component of net derivative gains (losses) in the Statements of Income.
Revenue Recognition	Revenue Recognition The Company sells a fixed contingent annuity (also sometimes referred to as a contingent deferred annuity (“CDA”)), which includes a stand-alone living benefit (“SALB”). Revenues for CDAs consist of fees assessed based on a percentage of the participants’ covered asset pool, which are assets that are not internally managed by the Company. Fees on CDAs are recognized as they are assessed or earned.
Subsequent Events	Subsequent Events The financial statements are adjusted to reflect events that occurred between the balance sheet date and the date when the financial statements are issued, provided they give evidence of conditions that existed at the balance sheet date. No subsequent events have been identified that require adjustments to the financial statements. Events that are indicative of conditions that arose after the balance sheet date are disclosed, but do not result in an adjustment of the financial statements themselves. Effective close of business on November 22, 2015 the company will no longer issue the CDA to new investors. A notice filing to the CDA prospectus was made with the Securities and Exchange Commission on September 25, 2015. Existing certificate owners of the CDA will not be affected and may continue to make subsequent contributions, as permitted by the terms of the CDA.
Current Accounting Guidance	Current Accounting Guidance Accounting Standards Codification (“ASC”) 860, Transfers and Servicing In June 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-11, Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures Note 3
Future Accounting Guidance	Future Accounting Guidance ASC 205, Presentation of Financial Statements In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements-Going Concern Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern ASC 606, Revenue from Contracts with Customers In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers: Topic 606 Deferral of the effective date,

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2015
Comparison of Previously Issued Financial Statements to Restated Financial Statements	Comparison of previously issued unaudited interim financial statements to restated unaudited interim financial statements for the period ended September 30, 2014 The following tables compare the Statements of Income, Comprehensive Income (Loss), and Cash Flows for the period ended September 30, 2014 included in the Form 10-Q filed on November 13, 2014 to the corresponding restated financial statements. Transamerica Advisors Life Insurance Company Statement of Income (unaudited) Three Months Ended September 30, 2014 (dollars in thousands) As Reported Tax Valuation Other (1) As Restated Revenues Policy charge revenue $ 45,930 $ - $ (1,118) $ 44,812 Net investment income 29,515 - - 29,515 Net realized investment gains (losses) Other-than-temporary impairment losses on securities - - - - Portion of other-than-temporary impairments previously recognized in other comprehensive income (4 ) - - (4 ) Net other-than-temporary impairment losses on securities recognized in income (4 ) - - (4 ) Net realized investment gains, excluding other-than-temporary impairment losses on securities 1,294 - - 1,294 Net realized investment gains 1,290 - - 1,290 Net derivative gains 7,204 - - 7,204 Total Revenues 83,939 - (1,118 ) 82,821 Benefits and Expenses Interest credited to policyholder liabilities 13,755 - - 13,755 Policy benefits (net of reinsurance recoveries: $146) 30,593 - (3,700 ) 26,893 Reinsurance premium ceded 1,118 - (1,118 ) - Accretion of deferred policy acquisition costs (2,579 ) - 1,900 (679 ) Amortization of value of business acquired 6,877 - (2,000 ) 4,877 Insurance expenses and taxes 11,284 - - 11,284 Total Benefits and Expenses 61,048 - (4,918 ) 56,130 Income Before Taxes 22,891 - 3,800 26,691 Income Tax Expense 51,689 (51,689 ) - - Net Income (Loss) $ (28,798 ) $ 51,689 $ 3,800 $ 26,691 (1) Consists out-of-period errors and reclassifications. Transamerica Advisors Life Insurance Company Statement of Income (unaudited) Nine Months Ended September 30, 2014 (dollars in thousands) As Reported Tax Valuation Other (1) As Restated Revenues Policy charge revenue $ 138,426 $ - $ (4,268 ) $ 134,158 Net investment income 88,343 - - 88,343 Net realized investment gains (losses) Other-than-temporary impairment losses on securities - - - - Portion of other-than-temporary impairments previously recognized in other comprehensive income (104 ) - - (104 ) Net other-than-temporary impairment losses on securities recognized in income (104 ) - - (104 ) Net realized investment gains, excluding other-than-temporary impairment losses on securities 2,397 - - 2,397 Net realized investment gains 2,293 - - 2,293 Net derivative losses (44,789 ) - - (44,789 ) Total Revenues 184,273 - (4,268 ) 180,005 Benefits and Expenses Interest credited to policyholder liabilities 41,678 - - 41,678 Policy benefits (net of reinsurance recoveries: $4,192) 57,906 - (3,800 ) 54,106 Reinsurance premium ceded 4,268 - (4,268 ) - Accretion of deferred policy acquisition costs (3,105 ) - 1,730 (1,375 ) Amortization of value of business acquired 8,029 - (2,100 ) 5,929 Insurance expenses and taxes 34,433 - - 34,433 Total Benefits and Expenses 143,209 - (8,438 ) 134,771 Income Before Taxes 41,064 - 4,170 45,234 Income Tax Expense 69,962 (69,962 ) - - Net Income (Loss) $ (28,898 ) $ 69,962 $ 4,170 $ 45,234 (1) Consists out-of-period errors and reclassifications. Transamerica Advisors Life Insurance Company Statement of Comprehensive Income (unaudited) Three Months Ended (dollars in thousands) As Reported Tax Valuation Other (1) As Restated Net Income (Loss) $ (28,798 ) $ 51,689 $ 3,800 $ 26,691 Other Comprehensive Income (Loss) Net unrealized losses on available-for-sale securities Net unrealized holding losses arising during the period (12,452 ) - (3,446 ) (15,898 ) Reclassification adjustment for losses included in net income (loss) 103 - - 103 (12,349 ) - (3,446 ) (15,795 ) Net unrealized gains on cash flow hedges Net unrealized gain on cash flow hedges arising during the period 2,261 - - 2,261 Reclassification adjustment for losses included in net income (loss) 256 - - 256 2,517 - - 2,517 Net unrealized other-than-temporary impairments on securities Change in previously recognized unrealized other-than-temporary impairments (1,727 ) - 3,446 1,719 Reclassification adjustment for other-than-temporary impairments included in net income (loss) 4 - - 4 (1,723 ) - 3,446 1,723 Adjustments Value of business acquired 4,338 - - 4,338 Deferred income taxes 2,562 (2,562 ) - - 6,900 (2,562 ) - 4,338 Total other comprehensive loss, net of taxes (4,655 ) (2,562 ) - (7,217 ) Comprehensive Income (Loss) $ (33,453 ) $ 49,127 $ 3,800 $ 19,474 (1) Consists out-of-period errors and reclassifications. Transamerica Advisors Life Insurance Company Statement of Comprehensive Income (unaudited) Nine Months Ended (dollars in thousands) As Reported Tax Valuation Other (1) As Restated Net Income (Loss) $ (28,898) $ 69,962 $ 4,170 $ 45,234 Other Comprehensive Income (Loss) Net unrealized gains on available-for-sale securities Net unrealized holding gains (losses) arising during the period 55,911 - (6,040 ) 49,871 Reclassification adjustment for losses included in net income (loss) 200 - - 200 56,111 - (6,040 ) 50,071 Net unrealized losses on cash flow hedges Net unrealized losses on cash flow hedges arising during the period (2,176 ) - - (2,176 ) Reclassification adjustment for losses included in net income (loss) 933 - - 933 (1,243 ) - - (1,243 ) Net unrealized other-than-temporary impairments on securities Change in previously recognized unrealized other-than-temporary impairments (3,124 ) - 6,040 2,916 Reclassification adjustment for other-than-temporary impairments included in net income (loss) 104 - - 104 (3,020 ) - 6,040 3,020 Adjustments Value of business acquired (6,584 ) - - (6,584 ) Deferred income taxes (16,070 ) 16,070 - - (22,654 ) 16,070 - (6,584 ) Total other comprehensive income, net of taxes 29,194 16,070 - 45,264 Comprehensive Income $ 296 $ 86,032 $ 4,170 $ 90,498 (1) Consists out-of-period errors and reclassifications. Transamerica Advisors Life Insurance Company Statement of Cash Flows (unaudited) Nine Months Ended (dollars in thousands) As Reported Tax Valuation Other (1) As Restated CASH FLOWS FROM OPERATING ACTIVITIES Net income (loss) $ (28,898 ) $ 69,962 $ 4,170 $ 45,234 Adjustments to reconcile net income loss to net cash and cash equivalents provided by operating activities: Change in deferred policy acquisition costs (3,264 ) - 1,730 (1,534 ) Change in deferred sales inducements (734 ) - - (734 ) Change in value of business acquired 8,029 - (2,100 ) 5,929 Change in benefit reserves 5,405 - (3,800 ) 1,605 Change in income tax accruals 70,467 (69,962 ) - 505 Change in claims and claims settlement expenses 9,563 - - 9,563 Change in other operating assets and liabilities, net 11,670 - - 11,670 Change in checks not yet presented for payment (3,216 ) - - (3,216 ) Amortization of investments 578 - - 578 Interest credited to policyholder liabilities 41,678 - - 41,678 Net derivative losses 44,789 - - 44,789 Net realized investment gains (2,293 ) - - (2,293 ) Net cash and cash equivalents provided by operating activities 153,774 - - 153,774 CASH FLOWS FROM INVESTING ACTIVITIES Sales of available-for-sale securities and mortgage loans 58,584 - - 58,584 Maturities of available-for-sale securities and mortgage loans 213,784 - - 213,784 Purchases of available-for-sale securities and mortgage loans (344,445 ) - - (344,445 ) Sales of limited partnerships 808 - - 808 Purchases of limited partnerships (25,000 ) - - (25,000 ) Change in affiliated short-term note receivable (50,000 ) - - (50,000 ) Cash received in connection with derivatives 8,469 - - 8,469 Cash paid in connection with derivatives (97,528 ) - - (97,528 ) Policy loans on insurance contracts, net 27,486 - - 27,486 Net settlement on futures contracts (5,760 ) - - (5,760 ) Other (584 ) - - (584 ) Net cash and cash equivalents used in investing activities $ (214,186 ) $ - $ - $ (214,186 ) CASH FLOWS FROM FINANCING ACTIVITIES Policyholder deposits $ 13,606 $ - $ - $ 13,606 Policyholder withdrawals (105,881 ) - - (105,881 ) Capital contributions from AEGON USA, LLC 132,222 - - 132,222 Change in payables for collateral under securities loaned, derivatives and reverse repurchase agreements 14,380 - - 14,380 Net cash and cash equivalents provided by financing activities 54,327 - - 54,327 Net decrease in cash and cash equivalents (2) (6,085 ) - - (6,085 ) Cash and cash equivalents, beginning of year 301,737 - - 301,737 Cash and cash equivalents, end of period $ 295,652 $ - $ - $ 295,652 (1) Consists of out-of-period errors and reclassifications. (2) Included in net decrease in cash and cash equivalents is interest received - $18; interest paid - $2; income taxes paid - $0; and income taxes received - $505.

Fair Value of Financial Instr23

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2015
Hierarchy of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables present the Company’s hierarchy for its assets and liabilities measured at fair value on a recurring basis at September 30, 2015 and December 31, 2014: September 30, 2015 Level 1 Level 2 Level 3 Total Assets Fixed maturity available-for-sale (“AFS”) securities (a) Corporate securities $ - $ 1,066,725 $ - $ 1,066,725 Asset-backed securities - 111,512 6,766 118,278 Commercial mortgage-backed securities - 80,689 - 80,689 Residential mortgage-backed securities - 92,578 - 92,578 Municipals - 806 - 806 Government and government agencies United States 387,595 - - 387,595 Foreign 1,525 6,332 - 7,857 Total fixed maturity AFS securities (a) 389,120 1,358,642 6,766 1,754,528 Equity securities (a) Banking securities - 29,883 - 29,883 Industrial securities - 6,103 - 6,103 Total equity securities (a) - 35,986 - 35,986 Cash equivalents (b) - 239,804 - 239,804 Derivative assets (f) - 59,787 - 59,787 Limited partnerships (c) - 60,573 2,979 63,552 Separate Accounts assets (d) 5,908,398 - - 5,908,398 Total assets $ 6,297,518 $ 1,754,792 $ 9,745 $ 8,062,055 Liabilities Future policy benefits (embedded derivatives only) (e) $ - $ - $ 213 $ 213 Derivative liabilities (f) - 6,927 - 6,927 Total liabilities $ - $ 6,927 $ 213 $ 7,140 December 31, 2014 Level 1 Level 2 Level 3 Total Assets Fixed maturity AFS securities (a) Corporate securities $ - $ 1,177,409 $ - $ 1,177,409 Asset-backed securities - 124,686 8,474 133,160 Commercial mortgage-backed securities - 100,801 - 100,801 Residential mortgage-backed securities - 45,447 - 45,447 Municipals - 800 - 800 Government and government agencies United States 400,251 - - 400,251 Foreign 3,564 6,481 - 10,045 Total fixed maturity AFS securities (a) 403,815 1,455,624 8,474 1,867,913 Equity securities (a) Banking securities - 29,702 - 29,702 Industrial securities - 6,256 - 6,256 Total equity securities (a) - 35,958 - 35,958 Cash equivalents (b) - 232,509 - 232,509 Derivative assets (f) - 1,055 - 1,055 Limited partnerships (c) - 60,432 4,086 64,518 Separate Accounts assets (d) 6,771,369 - - 6,771,369 Total assets $ 7,175,184 $ 1,785,578 $ 12,560 $ 8,973,322 Liabilities Future policy benefits (embedded derivatives only) (e) $ - $ - $ 633 $ 633 Derivative liabilities (f) - 18,744 - 18,744 Total liabilities $ - $ 18,744 $ 633 $ 19,377 (a) Securities are classified as Level 1 if the fair value is determined by observable inputs that reflect quoted prices for identical assets in active markets that the Company has the ability to access at the measurement date. Level 1 securities primarily include highly liquid U.S. Treasury and U.S. government agency securities. Securities are classified as Level 2 if the fair value is determined by observable inputs, other than quoted prices included in Level 1, for the asset or prices for similar assets. Securities are classified as Level 3 if the valuations are derived from techniques in which one or more of the significant inputs are unobservable. Level 3 consists principally of fixed maturity securities whose fair value is estimated based on non-binding broker quotes and internal models. These internal models primarily use projected cash flows discounted using relevant risk spreads and market interest rate curves. At September 30, 2015 and December 31, 2014, less than 0.5% of fixed maturity AFS securities were valued using internal models. (b) Cash equivalents are primarily valued at amortized cost, which approximates fair value. Operating cash is not included in the above table. (c) Limited partnership investments in which management is able to determine that observable market inputs have been used and that the investment can be redeemed at the net asset value in 90 days or less are considered Level 2. The Company has an investment in a limited partnership for which the fair value is derived from management’s review of the underlying financial statements that were prepared on a GAAP basis and that is considered a Level 3 measurement. The valuation utilizing these financial statements is on a one quarter lag. (d) Separate Accounts assets are carried at the net asset value provided by the fund managers. (e) The Company issued contracts containing guaranteed minimum withdrawal benefit riders (“GMWB”) and obtained reinsurance on guaranteed minimum income benefit riders (“GMIB reinsurance”). GMWB and GMIB reinsurance are treated as embedded derivatives and are required to be reported separately from the host contract. In addition, the Company issues SALB contracts that are required to be reported at fair value. The fair value of these guarantees is calculated as the present value of future expected payments to policyholders less the present value of assessed fees attributable to the guarantees. Given the complexity and long-term nature of these guarantees, their fair values are determined using stochastic techniques under a variety of market return, discount rates and actuarial assumptions. Since many of the assumptions are unobservable and are considered to be significant inputs to the liability valuation, the liability included in future policy benefits has been reflected within Level 3 of the fair value hierarchy. (f) Level 2 derivatives include inflation swaps, variance swaps, total return swaps, options and credit default swaps for which the Company utilized readily accessible quoted index levels and broker quotes. The fair value of inflation swaps is calculated as the difference between the consumer price index (or related readily accessible quoted inflation index level) at the reporting date from the last reset date, multiplied by the notional value of the swap. The fair value of the variance swaps is calculated as the difference between the estimated volatility of the underlying Standard and Poor’s 500 Composite Stock Price Index (“S&P”) at maturity to the actual volatility of the underlying S&P index at initiation (i.e., strike) multiplied by the notional value of the swap. Total return swaps are valued based on the change in the underlying equity index as of the last reset date. Fair value for the equity options is calculated using the Black-Scholes model and market observable inputs for the underlying market price and volatility surface. Credit default swaps are valued using a discounted cash flow model where future premium payments and protection payments are corrected for the probability of default and the modeling uses an arbitrage free credit spread model.
Summary of Change in Fair Value of Level 3 Assets	The following table provides a summary of the change in fair value of the Company’s Level 3 assets at September 30, 2015 and December 31, 2014: Nine Months Ended Twelve Months Ended Limited Fixed Limited Fixed Balance at beginning of period (a) $ 4,086 $ 8,474 $ 5,044 $ 6,428 Change in unrealized losses (b) - (317 ) - (72 ) Purchases - 1,999 - - Sales (252 ) (85 ) (962 ) (30 ) Transfers into Level 3 - 2,049 - 3,744 Transfers out of Level 3 - (5,354 ) - (1,596 ) Changes in valuation (c) (855 ) - 4 - Balance at end of period (a) $ 2,979 $ 6,766 $ 4,086 $ 8,474 (a) Recorded as a component of limited partnerships and fixed maturity AFS securities in the Balance Sheets. (b) Recorded as a component of other comprehensive income. (c) Recorded as a component of net investment income in the Statements of Income.
Summary of Changes in Fair Value of Level 3 Liabilities (Assets)	The following table provides a summary of the changes in fair value of the Company’s Level 3 liabilities (assets) over the periods ended September 30, 2015 and December 31, 2014: Nine Months Ended Twelve Months Ended GMWB GMIB SALB GMWB GMIB SALB Balance at beginning of period (a) $ 60,702 $ (60,573 ) $ 504 $ 21,776 $ (39,345 ) $ 41 Changes in interest rates (b) 4,600 (4,153 ) - 30,760 (26,759 ) - Changes in equity markets (b) 15,149 (8,563 ) - 762 2,330 463 Other (b) (6,914 ) (539 ) - 7,404 3,201 - Balance at end of period (a) $ 73,537 $ (73,828 ) $ 504 $ 60,702 $ (60,573 ) $ 504 (a) Recorded as a component of future policy benefits in the Balance Sheets. (b) Recorded as a component of policy benefits in the Statements of Income.
Summary of Quantitative Inputs and Assumptions Related to Level 3 Assets and Liabilities	The following tables provide a summary of the quantitative inputs and assumptions related to the Company’s Level 3 assets and liabilities at September 30, 2015 and December 31, 2014: Description September 30, Estimated Fair Value Valuation Unobservable Inputs Range (Weighted Average) Assets Fixed maturity securities Asset-backed securities $ 6,766 Total fixed maturity securities 6,766 Broker Not applicable Not applicable Limited partnership 2,979 Not applicable (1) Not applicable (1) Not applicable (1) Total assets $ 9,745 Liabilities Future policy benefits (embedded derivatives) - GMWB $ 73,537 Discounted cash flows Own credit risk 40 bps Long-term volatility 25% Future policy benefits (embedded derivatives) - GMIB Reinsurance (73,828 ) Discounted cash flows Own credit risk 40 bps Long-term volatility 25% Future policy benefits - SALB 504 See comment below (2) See comment below (2) See comment below (2) Total liabilities $ 213 Description December 31, 2014 Estimated Fair Value Valuation Unobservable Inputs Range (Weighted Average) Assets Fixed maturity securities Asset-backed securities $ 8,474 Total fixed maturity securities 8,474 Broker Not applicable Not applicable Limited partnership 4,086 Not applicable (1) Not applicable (1) Not applicable (1) Total assets $ 12,560 Liabilities Future policy benefits (embedded derivatives) - GMWB $ 60,702 Discounted cash flows Own credit risk 30 bps Long-term volatility 25% Future policy benefits (embedded derivatives) - GMIB Reinsurance (60,573 ) Discounted cash flows Own credit risk 30 bps Long-term volatility 25% Future policy benefits - SALB 504 See comment below (2) See comment below (2) See comment below (2) Total liabilities $ 633 (1) The Company has an investment in a limited partnership for which the fair value is derived from management’s review of the underlying financial statements that were prepared on a GAAP basis. Management did not make any adjustments to the valuation from the underlying financial statements. As a result, inputs are not developed by management to determine the fair value measurement for this investment. (2) The SALB is a relatively new product with fewer than 150 policies. Due to the small size of this block the liability was determined based on fees earned.
Estimated Fair Value of Assets Not Carried at Fair Value on Balance Sheets	The following tables provide the estimated fair value of the Company’s assets not carried at fair value on the Balance Sheets at September 30, 2015 and December 31, 2014: September 30, 2015 Level 1 Level 2 Level 3 Total Assets Mortgage loans on real estate (a) $ - $ - $ 94,164 $ 94,164 Policy loans (b) - 661,604 - 661,604 Total assets $ - $ 661,604 $ 94,164 $ 755,768 December 31, 2014 Level 1 Level 2 Level 3 Total Assets Mortgage loans on real estate (a) $ - $ - $ 71,433 $ 71,433 Policy loans (b) - 681,071 - 681,071 Total assets $ - $ 681,071 $ 71,433 $ 752,504 (a) The fair value of mortgage loans on real estate is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and/or similar remaining maturities. (b) Policy loans are stated at unpaid principal balance. The fair value of policy loans approximates their book value.

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2015
Amortized Cost/Cost, Gross Unrealized Gains (Losses), Estimated Fair Value of Investments in Fixed Maturity and Equity Available-for-Sale Securities and OTTI	The amortized cost/cost, gross unrealized gains (losses), estimated fair value of investments in fixed maturity and equity AFS securities, and OTTI at September 30, 2015 and December 31, 2014 were: September 30, 2015 Gross Unrealized Estimated Amortized Cost/Cost Gains Losses Fair Value OTTI (1) Fixed maturity AFS securities Corporate securities $ 1,008,413 $ 70,753 $ (12,441 ) $ 1,066,725 $ - Asset-backed securities 113,623 4,866 (211 ) 118,278 (21 ) Commercial mortgage-backed securities 77,652 3,099 (62 ) 80,689 - Residential mortgage-backed securities 89,641 2,978 (41 ) 92,578 (24 ) Municipals 913 - (107 ) 806 - Government and government agencies United States 334,913 52,682 - 387,595 - Foreign 6,595 1,262 - 7,857 - Total fixed maturity AFS securities $ 1,631,750 $ 135,640 $ (12,862 ) $ 1,754,528 $ (45 ) Equity securities Banking securities $ 28,061 $ 2,304 $ (482 ) $ 29,883 $ - Industrial securities 5,790 313 - 6,103 - Total equity securities $ 33,851 $ 2,617 $ (482 ) $ 35,986 $ - December 31, 2014 Gross Unrealized Estimated Fair Value Amortized Gains Losses OTTI in AOCI (1) Fixed maturity AFS securities Corporate securities $ 1,095,082 $ 89,852 $ (7,525 ) $ 1,177,409 $ - Asset-backed securities 127,803 5,743 (386 ) 133,160 (97 ) Commercial mortgage-backed securities 96,594 4,341 (134 ) 100,801 - Residential mortgage-backed securities 42,205 3,244 (2 ) 45,447 - Municipals 916 - (116 ) 800 - Government and government agencies United States 334,448 65,805 (2 ) 400,251 - Foreign 8,673 1,372 - 10,045 - Total fixed maturity AFS securities $ 1,705,721 $ 170,357 $ (8,165 ) $ 1,867,913 $ (97 ) Equity securities Banking securities $ 28,137 $ 2,135 $ (570 ) $ 29,702 $ - Industrial securities 5,791 465 - 6,256 - Total equity securities $ 33,928 $ 2,600 $ (570 ) $ 35,958 $ - (1) Represents other-than-temporary impairments (“OTTI”) in Accumulated Other Comprehensive Income (“AOCI”), which were not included in earnings. Amount excludes $2,936 and $3,202 of unrealized gains at September 30, 2015 and December 31, 2014, respectively.
Amortized Cost and Estimated Fair Value of Fixed Maturity Available-for-Sale Securities by Investment Grade	The amortized cost and estimated fair value of fixed maturity AFS securities by investment grade at September 30, 2015 and December 31, 2014 were: September 30, 2015 December 31, 2014 Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Investment grade $ 1,524,189 $ 1,646,616 $ 1,615,944 $ 1,776,153 Below investment grade 107,561 107,912 89,777 91,760 Total fixed maturity AFS securities $ 1,631,750 $ 1,754,528 $ 1,705,721 $ 1,867,913
Amortized Cost and Estimated Fair Value of Fixed Maturity Available-for-Sale Securities by Contractual Maturities	The amortized cost and estimated fair value of fixed maturity AFS securities at September 30, 2015 and December 31, 2014 by contractual maturities were: September 30, 2015 December 31, 2014 Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Fixed maturity AFS securities Due in one year or less $ 67,396 $ 68,401 $ 61,405 $ 62,356 Due after one year through five years 582,861 627,156 480,098 514,063 Due after five years through ten years 250,354 255,906 453,522 481,957 Due after ten years 450,223 511,520 444,094 530,129 1,350,834 1,462,983 1,439,119 1,588,505 Mortgage-backed securities and other asset-backed securities 280,916 291,545 266,602 279,408 Total fixed maturity AFS securities $ 1,631,750 $ 1,754,528 $ 1,705,721 $ 1,867,913
Estimated Fair Value, Amortized Cost and Gross Unrealized Losses and Other-Than-Temporary Impairments of Fixed Maturity and Equity Available-for-Sale Securities in Continuous Unrealized Loss Position	The estimated fair value, amortized cost/cost and gross unrealized losses and OTTI of fixed maturity and equity AFS securities aggregated by length of time that individual securities have been in a continuous unrealized loss position at September 30, 2015 and December 31, 2014 were as follows: September 30, 2015 Estimated Fair Value Amortized Gross Unrealized Losses and OTTI ( 1) Less than or equal to six months Fixed maturity AFS securities Corporate securities $ 113,304 $ 119,703 $ (6,399 ) Asset-backed securities 50,134 50,166 (32 ) Commercial mortgage-backed securities 5,506 5,548 (42 ) Residential mortgage-backed securities 4,895 4,935 (40 ) Total fixed maturity and equity securities 173,839 180,352 (6,513 ) Greater than six months but less than or equal to one year Fixed maturity AFS securities Corporate securities 17,438 19,680 (2,242 ) Commercial mortgage-backed securities 1,008 1,029 (21 ) Equity securities - banking securities 8,138 8,500 (362 ) Total fixed maturity and equity securities 26,584 29,209 (2,625 ) Greater than one year Fixed maturity AFS securities Corporate securities 6,573 10,376 (3,803 ) Asset-backed securities 4,820 4,998 (178 ) Residential mortgage-backed securities 46 47 (1 ) Municipals 807 913 (106 ) Equity securities - banking securities 1,678 1,796 (118 ) Total fixed maturity and equity securities 13,924 18,130 (4,206 ) Total fixed maturity and equity securities $ 214,347 $ 227,691 $ (13,344 ) December 31, 2014 Estimated Fair Value Amortized Cost/Cost Gross Unrealized Losses and OTTI (1) Less than or equal to six months Fixed maturity AFS securities Corporate securities $ 60,583 $ 64,799 $ (4,216 ) Asset-backed securities 70,078 70,188 (110 ) Commercial mortgage-backed securities 528 529 (1 ) Government and government agencies - United States 9,310 9,312 (2 ) Equity securities - banking securities 8,050 8,500 (450 ) Total fixed maturity and equity securities 148,549 153,328 (4,779 ) Greater than six months but less than or equal to one year Fixed maturity AFS securities Corporate securities 3,363 3,783 (420 ) Residential mortgage-backed securities 9 9 - Total fixed maturity and equity securities 3,372 3,792 (420 ) Greater than one year Fixed maturity AFS securities Corporate securities 44,656 47,545 (2,889 ) Asset-backed securities 6,721 6,997 (276 ) Commercial mortgage-backed securities 8,504 8,637 (133 ) Residential mortgage-backed securities 59 61 (2 ) Municipals 800 916 (116 ) Equity securities - banking securities 1,676 1,796 (120 ) Total fixed maturity and equity securities 62,416 65,952 (3,536 ) Total fixed maturity and equity securities $ 214,337 $ 223,072 $ (8,735 ) (1) Subsequent unrealized gains (losses) on OTTI securities are included in OCI-OTTI.
Components of Net Unrealized Gains (Losses) and Other-Than-Temporary Impairments Included in Accumulated Other Comprehensive Income, Net of Taxes	The components of net unrealized gains (losses) and OTTI included in accumulated other comprehensive income (loss), net of taxes, at September 30, 2015 and December 31, 2014 were as follows: September 30, 2015 December 31, 2014 Assets Fixed maturity securities $ 122,778 $ 162,192 Equity securities 2,135 2,030 Cash flow hedges 7,800 2,296 Value of business acquired (29,625 ) (35,943 ) 103,088 130,575 Liabilities Income taxes - deferred (21,333 ) (21,333 ) (21,333 ) (21,333 ) Stockholder’s equity Accumulated other comprehensive income, net of taxes $ 81,755 $ 109,242
Change in Credit Loss Allowances on Mortgage Loans by Type of Property	The change in the credit loss allowances on mortgage loans by type of property at September 30, 2015 and December 31, 2014 was as follows: Commercial September 30, 2015 December 31, Balance at beginning of period $ 36 $ 27 Provision 67 9 Balance at end of period $ 103 $ 36
Credit Quality of Mortgage Loans by Type of Property	The credit quality of mortgage loans by type of property at September 30, 2015 and December 31, 2014 was as follows: Commercial September 30, 2015 December 31, 2014 AAA - AA $ 26,199 $ 21,378 A 59,249 45,325 BBB - BB 9,100 - Total mortgage loans on real estate 94,548 66,703 Less: reserves (103 ) (36 ) Total mortgage loans on real estate, net $ 94,445 $ 66,667
Collateral Maturities of Reverse Repurchase Agreements and Securities Lending Transactions	Collateral Maturities of Reverse Repurchase Agreements and Securities LendingTransactions September 30, 2015 Overnight and Up to 30 days Total Reverse repurchase agreements Residential mortgage-backed securities $ - $ 30,434 $ 30,434 Total - 30,434 30,434 Securities lending transactions U.S. Treasury and agency securities 163,019 - 163,019 Corporate securities 23,544 - 23,544 Equity securities - banking 13,549 - 13,549 Total 200,112 - 200,112 Total Borrowings $ 200,112 $ 30,434 $ 230,546 Gross amount of recognized liabilities for repurchase agreements and securities lending in balance sheets $ 234,732
Notional and Fair Value for Hedging Instruments	The following table presents the notional and fair value of hedging instruments at September 30, 2015 and December 31, 2014: Notional Fair Value September 30, December 31, September 30, December 31, Derivative Type 2015 2014 2015 2014 Non-qualifying hedges Short futures $ 68,141 $ 49,873 $ - $ - Variance swaps 610 1,059 (321 ) (3,243 ) Total return swaps 1,291,001 852,910 16,615 (17,941 ) Options 656,970 - 29,414 - Credit default swaps 210,000 170,000 442 2,017 Total non-qualifying hedges 2,226,722 1,073,842 46,150 (19,167 ) Cash flow hedges Interest rate swaps 49,884 49,884 6,710 1,478 Total cash flow hedges 49,884 49,884 6,710 1,478 Derivative Total $ 2,276,606 $ 1,123,726 $ 52,860 $ (17,689 )
Net Derivative Gains (Losses) Recognized in Statements of Income	The following table presents the net derivative gains (losses) recognized in the Statements of Income: Net Derivative Gains (Losses) Recognized In Income Three Months Ended Nine Months Ended Derivative Type 2015 2014 2015 2014 Short futures $ 3,016 $ (977 ) $ 1,658 $ (5,760 ) Variance swaps 863 (412 ) (1,352 ) (4,845 ) Total return swaps 18,535 8,592 (15,892 ) (34,105 ) Options 16,627 — 19,083 — Interest rate swaps 1 1 4 (79 ) Credit default swaps (1,810 ) — (482 ) — Total $ 37,232 $ 7,204 $ 3,019 $ (44,789 )
Maximum Potential Amount of Future Payments, Credit Rating and Maturity Dates for Credit Default Swaps	The following tables present the maximum potential amount of future payments, credit rating, and maturity dates for the credit default swaps at September 30, 2015 and December 31, 2014: Maximum Potential Credit Rating Maturity Date Range Derivative Type September 30, 2015 Credit default swaps Corporate debt $ 120,000 A June 2017 - December 2020 Sovereign debt 90,000 AA-A June 2017 - March 2020 Credit default swaps total $ 210,000 Maximum Potential Credit Rating Maturity Date Range Derivative Type December 31, 2014 Credit default swaps Corporate debt $ 100,000 A June 2017 - December 2020 Sovereign debt 70,000 A June 2017 - December 2020 Credit default swaps total $ 170,000
Components of Gain or Loss on Derivatives that Qualify as Cash Flow Hedges	The following tables present the components of the gain or loss on derivatives that qualify as cash flow hedges: Gain (Loss) Recognized in OCI Gain (Loss) Recognized in Three Months Ended Nine Months Ended 2015 2014 2015 2014 Interest rate swaps $ 4,952 $ 2,517 $ 5,504 $ (1,243 ) Total $ 4,952 $ 2,517 $ 5,504 $ (1,243 ) Net Realized Gains (Losses) Net Realized Gains (Losses) Three Months Ended Nine Months Ended 2015 2014 2015 2014 Interest rate swaps $ 1 $ 1 $ 4 $ (79 ) Total $ 1 $ 1 $ 4 $ (79 ) Gain (Loss) Reclassified Gain (Loss) Reclassified Three Months Ended Nine Months Ended Location 2015 2014 2015 2014 Interest rate swaps Net investment income $ (447 ) $ (256 ) $ (273 ) $ (933 ) Total $ (447 ) $ (256 ) $ (273 ) $ (933 )
Offsetting Derivatives Assets	The following tables present the offsetting of derivative assets for the periods ended September 30, 2015 and December 31, 2014: September 30, 2015 Gross Amounts Description Gross Gross Net Amounts Financial Collateral Net Amount Derivatives $ 113,129 $ 53,342 $ 59,787 $ - $ 57,595 $ 2,192 Total $ 113,129 $ 53,342 $ 59,787 $ - $ 57,595 $ 2,192 December 31, 2014 Gross Amounts Not Offset in the Balance Sheet Description Gross Gross Net Amounts in the Financial Collateral Net Amount Derivatives $ 5,467 $ 4,412 $ 1,055 $ - $ - $ 1,055 Total $ 5,467 $ 4,412 $ 1,055 $ - $ - $ 1,055
Offsetting Derivative Liabilities	The following tables present the offsetting of derivative liabilities for the periods ended September 30, 2015 and December 31, 2014: September 30, 2015 Gross Amounts Description Gross Gross Amounts Net Amounts Financial Collateral Net Amount Derivatives $ 60,269 $ 53,342 $ 6,927 $ - $ 6,662 $ 265 Total $ 60,269 $ 53,342 $ 6,927 $ - $ 6,662 $ 265 December 31, 2014 Gross Amounts Not Offset in the Balance Sheet Description Gross Gross Amounts Offset in the Balance Sheet Net Amounts in the Balance Sheet Financial Collateral Net Amount Derivatives $ 23,156 $ 4,412 $ 18,744 $ - $ 17,637 $ 1,107 Total $ 23,156 $ 4,412 $ 18,744 $ - $ 17,637 $ 1,107
Net Investment Income by Source	Net investment income by source for the three and nine months ended September 30, was as follows: Three Months Ended Nine Months Ended Net investment income 2015 2014 2015 2014 Fixed maturity securities -available-for-sale $ 17,577 $ 18,347 $ 53,502 $ 54,519 Policy loans on insurance contracts 8,946 9,414 26,556 27,806 Cash and cash equivalents 140 131 448 410 Equity securities 469 470 1,499 1,526 Limited partnerships (2,272 ) 413 (715 ) 584 Mortgages 1,038 783 2,898 2,222 Derivatives 954 763 2,784 3,465 Other 103 99 117 272 Gross investment income 26,955 30,420 87,089 90,804 Less investment expenses (1,248 ) (905 ) (3,439 ) (2,461 ) Net investment income $ 25,707 $ 29,515 $ 83,650 $ 88,343
Proceeds and Gross Realized Investment Gains (Losses) from Sale of Available-for-Sale Securities	Proceeds and gross realized investment gains (losses) from the sale of AFS securities for the three and nine months ended September 30 were as follows: Three Months Ended Nine Months Ended 2015 2014 2015 2014 Proceeds $ 46,395 $ 9,246 $ 138,614 $ 56,858 Gross realized investment gains 2,604 1,928 5,556 4,183 Gross realized investment losses (153 ) (83 ) (2,304 ) (633 ) Proceeds on AFS securities sold at a realized loss 4,181 4,335 31,876 22,001
Net Realized Investment Gains	Net realized investment gains for the three and nine months ended September 30 were as follows: Three Months Ended Nine Months Ended 2015 2014 2015 2014 Fixed maturity AFS securities $ 2,444 $ 1,841 $ 1,204 $ 3,416 Equity securities — — 175 30 Mortgages (74 ) (817 ) (67 ) (1,997 ) Adjustment related to VOBA (198 ) 266 (143 ) 844 Net realized investment gains $ 2,172 $ 1,290 $ 1,169 $ 2,293
Credit Loss Impairments on Fixed Maturity Securities, Other-Than-Temporary Impairment Loss Recognized in Other Comprehensive Income, and Corresponding Changes	The following table sets forth the amount of credit loss impairments on fixed maturity securities held by the Company at the dates indicated, for which a portion of the OTTI loss was recognized in OCI, and the corresponding changes in such amounts at September 30, 2015 and December 31, 2014: September 30, December 31, Balance at beginning of period $ (185 ) $ 714 Credit loss impairment recognized in the current period on securities not previously impaired 1,764 - Additional credit loss impairments recognized in the current period on securities previously impaired through other comprehensive income 109 104 Accretion of credit loss impairments previously recognized (719 ) (1,003 ) Balance at end of period $ 969 $ (185 )
Components of Other-Than-Temporary Impairments Reflected in Statements of Income	The components of OTTI reflected in the Statements of Income for the three and nine months ended September 30 were as follows: Three Months Ended September 30, 2015 Nine Months Ended September 30, 2015 OTTI Losses on Net Net OTTI Net OTTI Loss Net Gross OTTI losses $ 7 $ - $ 7 $ 1,873 $ - $ 1,873 Net OTTI losses $ 7 $ - $ 7 $ 1,873 $ - $ 1,873 Three Months Ended September 30, 2014 Nine Months Ended September 30, 2014 OTTI Net Net OTTI Net OTTI Loss Net Gross OTTI losses $ 4 $ - $ 4 $ 104 $ - $ 104 Net OTTI losses $ 4 $ - $ 4 $ 104 $ - $ 104
Securities lending agreements
Summary of Securities Under Reverse Repurchase Agreements	The following table provides a summary of the securities under securities lending agreements for the periods ended: September 30, December 31, Payables for collateral under securities loaned $ 204,465 $ 265,236 Amortized cost of securities out on loan 173,591 215,195 Estimated fair value of securities out on loan 200,112 260,060
Dollar roll repurchase agreement transactions
Summary of Securities Under Reverse Repurchase Agreements	The following table provides a summary of the securities under reverse repurchase agreements for the periods ended: September 30, 2015 December 31, Payable for reverse repurchase agreements $ 30,267 $ 644 Amortized cost of securities pledged 30,432 634 Estimated fair value of securities pledged 30,434 646

Value of Business Acquired ("25

Value of Business Acquired ("VOBA"), Deferred Acquisition Costs ("DAC"), and Deferred Sales Inducements ("DSI") (Tables)	9 Months Ended
	Sep. 30, 2015
Change in Carrying Amount of Value of Business Acquired	The change in the carrying amount of VOBA for the three and nine months ended September 30 was as follows: Three Months Ended Nine Months Ended 2015 2014 2015 2014 Amortization expense $ (7,270 ) $ (11,324 ) $ (18,819 ) $ (12,377 ) Unlocking (23 ) 6,447 (107 ) 6,448 Adjustment related to realized (gains) losses on investments (197 ) 266 (141 ) 844 Adjustment related to unrealized (gains) losses and OTTI on investments 599 4,338 6,318 (6,584 ) Change in VOBA carrying amount $ (6,891 ) $ (273 ) $ (12,749 ) $ (11,669 )
Change in Carrying Amount of Deferred Acquisition Costs	The changes in the carrying amount of DAC for the three and nine months ended September 30 were as follows: Three Months Ended Nine Months Ended DAC 2015 2014 2015 2014 Capitalization $ 70 $ 71 $ 144 $ 159 Accretion (amortization) expense 3,509 (951 ) (278 ) (286 ) Unlocking (1,301 ) 1,630 (1,352 ) 1,661 Change in DAC carrying amount $ 2,278 $ 750 $ (1,486 ) $ 1,534
Change in Carrying Amount of Deferred Sales Inducements	The changes in the carrying amount of DSI for the three and nine months ended September 30 were as follows: Three Months Ended Nine Months Ended DSI 2015 2014 2015 2014 Capitalization $ 8 $ (19 ) $ 13 $ 21 Accretion (amortization) expense 799 (132 ) (58 ) 13 Unlocking (295 ) 732 (307 ) 700 Change in DSI carrying amount $ 512 $ 581 $ (352 ) $ 734

Variable Contracts Containing26

Variable Contracts Containing Guaranteed Benefits (Tables)	9 Months Ended
	Sep. 30, 2015
Components of Changes in Guaranteed Minimum Death Benefits and Guaranteed Minimum Income Benefits Liabilities	The components of the changes in the GMDB and GMIB liabilities for the three and nine months ended September 30 were as follows: Three Months Ended Nine Months Ended GMDB 2015 2014 2015 2014 Guaranteed benefits incurred $ 6,467 $ 7,055 $ 19,551 $ 22,358 Guaranteed benefits paid (6,832 ) (6,407 ) (19,617 ) (21,143 ) Unlocking 32,957 2,449 32,232 (7,030 ) Total $ 32,592 $ 3,097 $ 32,166 $ (5,815 ) Three Months Ended Nine Months Ended GMIB 2015 2014 2015 2014 Guaranteed benefits incurred $ 2,701 $ 2,439 $ 8,363 $ 8,783 Guaranteed benefits paid (346 ) (133 ) (682 ) (1,214 ) Unlocking 25,507 (9,196 ) 22,192 (11,451 ) Total $ 27,862 $ (6,890 ) $ 29,873 $ (3,882 )

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2015
Provision for Income Tax Receivable (Payable)	The provision for income tax receivable (payable) consists of the following for the periods ending September 30, 2015 and December 31, 2014: September 30, 2015 December 31, Current federal income tax payable $ (179 ) $ (179 ) Current state income tax payable (105 ) (96 ) Deferred federal income tax payable (5,895 ) (5,895 ) Deferred state income tax receivable 1,061 1,061 Net income tax payable $ (5,118 ) $ (5,109 )
Components of Change in Unrecognized Tax Benefits	The components of the change in the unrecognized tax benefits were as follows: September 30, December 31, Balance at beginning of period $ 3,041 $ 2,931 Additions for tax positions of prior years 363 110 Additions for tax positions of current year 293 - Balance at end of period $ 3,697 $ 3,041

Accumulated Other Comprehensi28

Accumulated Other Comprehensive Income ("AOCI") (Tables)	9 Months Ended
	Sep. 30, 2015
Accumulated Other Comprehensive Income	The following table presents the change in AOCI by component for the three and nine months ended September 30, 2015 and 2014: Three Months Ended September 30, 2015 Unrealized Holding (a) Unrealized Holding (a) Total Beginning balance $ 72,244 $ 1,838 $ 74,082 OCI before reclassifications 5,107 2,906 8,013 Amounts reclassified from AOCI (628 ) 288 (340 ) Net current period OCI 4,479 3,194 7,673 Ending balance $ 76,723 $ 5,032 $ 81,755 Nine Months Ended September 30, 2015 Unrealized Holding (a) Unrealized Holding (a) Total Beginning balance $ 107,760 $ 1,482 $ 109,242 OCI before reclassifications (32,335 ) 3,374 (28,961 ) Amounts reclassified from AOCI 1,298 176 1,474 Net current period OCI (31,037 ) 3,550 (27,487 ) Ending balance $ 76,723 $ 5,032 $ 81,755 (a) All amounts are net of tax. Three Months Ended September 30, 2014 Unrealized Holding (a) Unrealized Holding (a) Total Beginning balance $ 93,439 $ (1,255 ) $ 92,184 OCI before reclassifications (8,909 ) 1,458 (7,451 ) Amounts reclassified from AOCI 69 165 234 Net current period OCI (8,840 ) 1,623 (7,217 ) Ending balance $ 84,599 $ 368 $ 84,967 Nine Months Ended September 30, 2014 Unrealized Holding (a) Unrealized Holding (a) Total Beginning balance $ 38,533 $ 1,170 $ 39,703 OCI before reclassifications 45,870 (1,404 ) 44,466 Amounts reclassified from AOCI 196 602 798 Net current period OCI 46,066 (802 ) 45,264 Ending balance $ 84,599 $ 368 $ 84,967 (a) All amounts are net of tax.
Reclassifications out of Accumulated Other Comprehensive Income	The following tables present the reclassifications out of AOCI for the three and nine months ended September 30, 2015 and 2014: Three Months Ended Nine Months Ended AOCI Components Amount Amount Statement Where Net Income is Unrealized holding gains (losses) on AFS securities Available-for-sale securities $ 981 $ (139 ) Net realized investment gains (losses) Portion of OTTI previously recognized (7 ) (1,873 ) in OCI 974 (2,012 ) Total before tax 346 (714 ) Tax expense (benefit) $ 628 $ (1,298 ) Net of tax Unrealized holding losses on cash flow hedges Interest rate swaps $ (447 ) $ (273 ) Net investment income (447 ) (273 ) Total before tax (159 ) (97 ) Tax benefit $ (288 ) $ (176 ) Net of tax Total amounts reclassified from AOCI $ 340 $ (1,474 ) Three Months Ended Nine Months Ended AOCI Components Amount Amount Unrealized holding gains (losses) on AFS securities Available-for-sale securities $ (103 ) $ (200 ) Net realized investment losses Portion of OTTI previously recognized (4 ) (104 ) in OCI (107 ) (304 ) Total before tax (38 ) (108 ) Tax benefit $ (69 ) $ (196 ) Net of tax Unrealized holding gains (losses) on cash flow hedges Interest rate swaps $ (256 ) $ (933 ) Net investment income (256 ) (933 ) Total before tax (91 ) (331 ) Tax benefit $ (165 ) $ (602 ) Net of tax Total amounts reclassified from AOCI $ (234 ) $ (798 )

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2015
Affiliated Purchasing and Selling of Investments with Affiliated Companies	The purchasing and selling of investments with affiliated companies for the three and nine months ended September 30, 2015 and 2014 was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Investments purchased from related parties: Fixed maturities $ - $ 19,652 $ 30,356 $ 118,105 Mortgages - - 4,000 - Limited partnerships - - - 25,000 Investments sold to related parties: Fixed maturities - - 24,878 24,844 Mortgages - 2,038 - 2,038

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2015
Business Segment's Contribution to Select Statements of Income Information	The following tables summarize each business segment’s contribution to select Statements of Income information for the three and nine months ended September 30, 2015 and 2014: Annuity Life Total Three months ended September 30, 2015 Net revenues (a) $ 74,149 $ 17,147 $ 91,296 Amortization (accretion) of VOBA (229 ) 7,522 7,293 Policy benefits (net of reinsurance recoveries) 64,676 6,714 71,390 Income tax expense (benefit) (896 ) 896 - Net income 2,387 939 3,326 Three months ended September 30, 2014 Net revenues (a) $ 49,860 $ 19,206 $ 69,066 Amortization of VOBA 1,097 3,780 4,877 Policy benefits (net of reinsurance recoveries) 15,828 11,065 26,893 Income tax expense (benefit) 549 (549 ) - Net income 23,321 3,370 26,691 Annuity Life Total Nine months ended September 30, 2015 Net revenues (a) $ 117,990 $ 55,202 $ 173,192 Amortization of VOBA 5,080 13,846 18,926 Policy benefits (net of reinsurance recoveries) 81,180 28,041 109,221 Income tax expense (benefit) (2,520 ) 2,520 - Net income 1,382 7,642 9,024 Nine months ended September 30, 2014 Net revenues (a) $ 82,152 $ 56,175 $ 138,327 Amortization (accretion) of VOBA (25 ) 5,954 5,929 Policy benefits (net of reinsurance recoveries) 21,728 32,378 54,106 Income tax expense (benefit) (1,987 ) 1,987 - Net income 30,391 14,843 45,234 (a) Net revenues include total revenues net of interest credited to policyholder liabilities.

Summary of Significant Accoun31

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Summary Of Significant Accounting Policies [Line Items]
Net income (loss)	$ 3,326	$ 26,691	$ 9,024	$ 45,234
Income (Loss) Before Taxes	3,326	26,691	9,024	45,234
Change in previously recognized unrealized other-than-temporary impairments	(353)	1,719	(324)	2,916
Net unrealized holding gains (losses) arising during the period	3,449	(15,898)	(40,997)	49,871
Policy charge revenue	40,629	44,812	126,090	134,158
Income tax asset	1,061		1,061		$ 1,061
Income tax liability	6,179		6,179		6,170
Immaterial Out-of-Period Errors
Summary Of Significant Accounting Policies [Line Items]
Net income (loss)			(800)
Income (Loss) Before Taxes			(800)
Restatement Adjustment
Summary Of Significant Accounting Policies [Line Items]
Change in previously recognized unrealized other-than-temporary impairments	3,446		6,040
Net unrealized holding gains (losses) arising during the period	$ (3,446)		$ (6,040)
Reinsurance premium ceded		1,118		4,268
Policy charge revenue		$ 1,118		$ 4,268
Income tax asset					1,061
Income tax liability					$ 6,170

Comparison of Previously Issued

Comparison of Previously Issued Financial Statements to Restated Financial Statements, Statements of Income (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues
Policy charge revenue		$ 40,629	$ 44,812	$ 126,090	$ 134,158
Net investment income		25,707	29,515	83,650	88,343
Net realized investment gains (losses)
Other-than-temporary impairment losses on securities			0		0
Portion of other-than-temporary impairments previously recognized in other comprehensive income		(7)	(4)	(1,873)	(104)
Net other-than-temporary impairment losses on securities recognized in income		(7)	(4)	(1,873)	(104)
Net realized investment gains, excluding other-than-temporary impairment losses on securities		2,179	1,294	3,042	2,397
Net realized investment gains (losses)		2,172	1,290	1,169	2,293
Net derivative (losses) gains		37,232	7,204	3,019	(44,789)
Total Revenues		105,740	82,821	213,928	180,005
Benefits and Expenses
Interest credited to policyholder liabilities		14,444	13,755	40,736	41,678
Policy benefits (net of reinsurance recoveries: $146)		71,390	26,893	109,221	54,106
Accretion of deferred policy acquisition costs		(2,208)	(679)	1,630	(1,375)
Amortization of value of business acquired		7,293	4,877	18,926	5,929
Insurance expenses and taxes		11,495	11,284	34,391	34,433
Total Benefits and Expenses		102,414	56,130	204,904	134,771
Income (Loss) Before Taxes		3,326	26,691	9,024	45,234
Income Tax Expense		0	0	0	0
Net income (loss)		$ 3,326	26,691	$ 9,024	45,234
As Reported
Revenues
Policy charge revenue			45,930		138,426
Net investment income			29,515		88,343
Net realized investment gains (losses)
Other-than-temporary impairment losses on securities			0		0
Portion of other-than-temporary impairments previously recognized in other comprehensive income			(4)		(104)
Net other-than-temporary impairment losses on securities recognized in income			(4)		(104)
Net realized investment gains, excluding other-than-temporary impairment losses on securities			1,294		2,397
Net realized investment gains (losses)			1,290		2,293
Net derivative (losses) gains			7,204		(44,789)
Total Revenues			83,939		184,273
Benefits and Expenses
Interest credited to policyholder liabilities			13,755		41,678
Policy benefits (net of reinsurance recoveries: $146)			30,593		57,906
Reinsurance premium ceded			1,118		4,268
Accretion of deferred policy acquisition costs			(2,579)		(3,105)
Amortization of value of business acquired			6,877		8,029
Insurance expenses and taxes			11,284		34,433
Total Benefits and Expenses			61,048		143,209
Income (Loss) Before Taxes			22,891		41,064
Income Tax Expense			51,689		69,962
Net income (loss)			(28,798)		(28,898)
Tax Valuation Allowance Restatement
Net realized investment gains (losses)
Other-than-temporary impairment losses on securities			0		0
Benefits and Expenses
Income Tax Expense			(51,689)		(69,962)
Net income (loss)			51,689		69,962
Other Adjustments
Revenues
Policy charge revenue	[1]		(1,118)		(4,268)
Net realized investment gains (losses)
Other-than-temporary impairment losses on securities	[1]		0		0
Total Revenues	[1]		(1,118)		(4,268)
Benefits and Expenses
Policy benefits (net of reinsurance recoveries: $146)	[1]		(3,700)		(3,800)
Reinsurance premium ceded	[1]		(1,118)		(4,268)
Accretion of deferred policy acquisition costs	[1]		1,900		1,730
Amortization of value of business acquired	[1]		(2,000)		(2,100)	[2]
Total Benefits and Expenses	[1]		(4,918)		(8,438)
Income (Loss) Before Taxes	[1]		3,800		4,170
Net income (loss)	[1]		$ 3,800		$ 4,170	[2]
[1]	Consists out-of-period errors and reclassifications.
[2]	Consists of out-of-period errors and reclassifications.

Comparison of Previously Issu33

Comparison of Previously Issued Financial Statements to Restated Financial Statements, Statements of Income (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Policy benefits, reinsurance recoveries	$ 159	$ 146	$ 1,615	$ 4,192

Comparison of Previously Issu34

Comparison of Previously Issued Financial Statements to Restated Financial Statements, Statement of Comprehensive Income (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)		$ 3,326	$ 26,691	$ 9,024	$ 45,234
Net unrealized gains on available-for-sale securities
Net unrealized holding gains (losses) arising during the period		3,449	(15,898)	(40,997)	49,871
Reclassification adjustment for losses included in net income (loss)		(981)	103	139	200
Total net unrealized gains (losses) on available-for-sale securities		2,468	(15,795)	(40,858)	50,071
Net unrealized gains on cash flow hedges
Net unrealized gain on cash flow hedges arising during the period		4,505	2,261	5,231	(2,176)
Reclassification adjustment for losses included in net income (loss)		447	256	273	933
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax		4,952	2,517	5,504	(1,243)
Net unrealized other-than-temporary impairments on securities
Change in previously recognized unrealized other-than-temporary impairments		(353)	1,719	(324)	2,916
Reclassification adjustment for other-than-temporary impairments included in net income (loss)		7	4	1,873	104
Net unrealized other-than-temporary impairments on securities		(346)	1,723	1,549	3,020
Adjustments
Value of business acquired		599	4,338	6,318	(6,584)
Other Comprehensive Income, Adjustments, Total		599	4,338	6,318	(6,584)
Total other comprehensive income, net of taxes		7,673	(7,217)	(27,487)	45,264
Comprehensive Income (Loss)		$ 10,999	19,474	$ (18,463)	90,498
As Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)			(28,798)		(28,898)
Net unrealized gains on available-for-sale securities
Net unrealized holding gains (losses) arising during the period			(12,452)		55,911
Reclassification adjustment for losses included in net income (loss)			103		200
Total net unrealized gains (losses) on available-for-sale securities			(12,349)		56,111
Net unrealized gains on cash flow hedges
Net unrealized gain on cash flow hedges arising during the period			2,261		(2,176)
Reclassification adjustment for losses included in net income (loss)			256		933
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax			2,517		(1,243)
Net unrealized other-than-temporary impairments on securities
Change in previously recognized unrealized other-than-temporary impairments			(1,727)		(3,124)
Reclassification adjustment for other-than-temporary impairments included in net income (loss)			4		104
Net unrealized other-than-temporary impairments on securities			(1,723)		(3,020)
Adjustments
Value of business acquired			4,338		(6,584)
Deferred income taxes			2,562		(16,070)
Other Comprehensive Income, Adjustments, Total			6,900		(22,654)
Total other comprehensive income, net of taxes			(4,655)		29,194
Comprehensive Income (Loss)			(33,453)		296
Tax Valuation Allowance Restatement
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)			51,689		69,962
Adjustments
Deferred income taxes			(2,562)		16,070
Other Comprehensive Income, Adjustments, Total			(2,562)		16,070
Total other comprehensive income, net of taxes			(2,562)		16,070
Comprehensive Income (Loss)			49,127		86,032
Other Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)	[1]		3,800		4,170	[2]
Net unrealized gains on available-for-sale securities
Net unrealized holding gains (losses) arising during the period	[1]		(3,446)		(6,040)
Total net unrealized gains (losses) on available-for-sale securities	[1]		(3,446)		(6,040)
Net unrealized other-than-temporary impairments on securities
Change in previously recognized unrealized other-than-temporary impairments	[1]		3,446		6,040
Net unrealized other-than-temporary impairments on securities	[1]		3,446		6,040
Adjustments
Comprehensive Income (Loss)	[1]		$ 3,800		$ 4,170
[1]	Consists out-of-period errors and reclassifications.
[2]	Consists of out-of-period errors and reclassifications.

Comparison of Previously Issu35

Comparison of Previously Issued Financial Statements to Restated Financial Statements, Statement of Cash Flows (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended			12 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014		Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)		$ 3,326	$ 26,691	$ 9,024	$ 45,234
Adjustments to reconcile net income loss to net cash and cash equivalents provided by operating activities:
Change in deferred policy acquisition costs		(2,278)	(750)	1,486	(1,534)
Change in deferred sales inducements		(512)	(581)	352	(734)
Change in value of business acquired		7,293	4,877	18,926	5,929
Change in benefit reserves				61,131	1,605
Change in income tax accruals				9	505
Change in claims and claims settlement expenses				(1,388)	9,563
Change in other operating assets and liabilities, net				4,053	11,670
Change in checks not yet presented for payment				(8,422)	(3,216)
Amortization of investments				2,053	578
Interest credited to policyholder liabilities				40,736	41,678
Net derivative losses		(37,232)	(7,204)	(3,019)	44,789
Net realized investment gains		(2,172)	(1,290)	(1,169)	(2,293)
Net cash and cash equivalents provided by operating activities				123,772	153,774
CASH FLOWS FROM INVESTING ACTIVITIES
Sales of available-for-sale securities and mortgage loans				139,047	58,584
Maturities of available-for-sale securities and mortgage loans				277,976	213,784
Purchases of available-for-sale securities and mortgage loans				(371,497)	(344,445)
Sales of limited partnerships				252	808
Purchases of limited partnerships					(25,000)
Change in affiliated short-term note receivable				(25,000)	(50,000)
Cash received in connection with derivatives				48,683	8,469
Cash paid in connection with derivatives				(112,364)	(97,528)
Policy loans on insurance contracts, net				19,467	27,486
Net settlement on futures contracts				1,658	(5,760)
Other				715	(584)
Net cash and cash equivalents used in investing activities				(21,063)	(214,186)
CASH FLOWS FROM FINANCING ACTIVITIES
Policyholder deposits				19,617	13,606
Policyholder withdrawals				(110,216)	(105,881)
Capital contributions from AEGON USA, LLC				11,666	132,222		$ 179,029
Change in payables for collateral under securities loaned, derivatives and reverse repurchase agreements				(16,887)	14,380
Net cash and cash equivalents provided by financing activities				(95,820)	54,327
Net decrease in cash and cash equivalents	[1]			6,889	(6,085)	[2]
Cash and cash equivalents, beginning of year				235,034	301,737		301,737
Cash and cash equivalents, end of period		$ 241,923	295,652	$ 241,923	295,652		235,034
As Reported
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)			(28,798)		(28,898)
Adjustments to reconcile net income loss to net cash and cash equivalents provided by operating activities:
Change in deferred policy acquisition costs					(3,264)
Change in deferred sales inducements					(734)
Change in value of business acquired			6,877		8,029
Change in benefit reserves					5,405
Change in income tax accruals					70,467
Change in claims and claims settlement expenses					9,563
Change in other operating assets and liabilities, net					11,670
Change in checks not yet presented for payment					(3,216)
Amortization of investments					578
Interest credited to policyholder liabilities					41,678
Net derivative losses			(7,204)		44,789
Net realized investment gains			(1,290)		(2,293)
Net cash and cash equivalents provided by operating activities					153,774
CASH FLOWS FROM INVESTING ACTIVITIES
Sales of available-for-sale securities and mortgage loans					58,584
Maturities of available-for-sale securities and mortgage loans					213,784
Purchases of available-for-sale securities and mortgage loans					(344,445)
Sales of limited partnerships					808
Purchases of limited partnerships					(25,000)
Change in affiliated short-term note receivable					(50,000)
Cash received in connection with derivatives					8,469
Cash paid in connection with derivatives					(97,528)
Policy loans on insurance contracts, net					27,486
Net settlement on futures contracts					(5,760)
Other					(584)
Net cash and cash equivalents used in investing activities					(214,186)
CASH FLOWS FROM FINANCING ACTIVITIES
Policyholder deposits					13,606
Policyholder withdrawals					(105,881)
Capital contributions from AEGON USA, LLC					132,222
Change in payables for collateral under securities loaned, derivatives and reverse repurchase agreements					14,380
Net cash and cash equivalents provided by financing activities					54,327
Net decrease in cash and cash equivalents	[2]				(6,085)
Cash and cash equivalents, beginning of year					301,737		$ 301,737
Cash and cash equivalents, end of period			295,652		295,652
Tax Valuation Allowance Restatement
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)			51,689		69,962
Adjustments to reconcile net income loss to net cash and cash equivalents provided by operating activities:
Change in income tax accruals					(69,962)
Other Adjustments
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	[3]		3,800		4,170	[4]
Adjustments to reconcile net income loss to net cash and cash equivalents provided by operating activities:
Change in deferred policy acquisition costs	[4]				1,730
Change in value of business acquired	[3]		$ (2,000)		(2,100)	[4]
Change in benefit reserves	[4]				$ (3,800)
[1]	Included in net increase (decrease) in cash and cash equivalents is interest received (2015 - $9; 2014 - $18 ); interest paid ( 2015 - $9; 2014 - $2;); income taxes paid ( 2015 - $0; 2014 - $0); and income taxes received (2015 - $9; 2014 - $505).
[2]	Included in net decrease in cash and cash equivalents is interest received - $18; interest paid - $2; income taxes paid - $0; and income taxes received - $505.
[3]	Consists out-of-period errors and reclassifications.
[4]	Consists of out-of-period errors and reclassifications.

Comparison of Previously Issu36

Comparison of Previously Issued Financial Statements to Restated Financial Statements, Statement of Cash Flows (Parenthetical) (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Interest received	$ 9	$ 18
Interest paid	9	2
Income taxes paid	0	0
Income taxes received	$ 0	$ 505

Hierarchy of Assets and Liabili

Hierarchy of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands		Sep. 30, 2015	Dec. 31, 2014
Assets
Fixed maturity available-for-sale securities, at estimated fair value		$ 1,754,528	$ 1,867,913
Equity available-for-sale securities		35,986	35,958
Derivative assets		59,787	1,055
Limited partnerships		63,552	64,518
Separate Accounts assets		5,908,398	6,771,369
Liabilities
Derivative liabilities		6,927	18,744
Corporate securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value		1,066,725	1,177,409
Asset-backed securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value		118,278	133,160
Commercial mortgage-backed securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value		80,689	100,801
Residential mortgage-backed securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value		92,578	45,447
Municipals
Assets
Fixed maturity available-for-sale securities, at estimated fair value		806	800
Government and government agencies - United States
Assets
Fixed maturity available-for-sale securities, at estimated fair value		387,595	400,251
Government and government agencies - Foreign
Assets
Fixed maturity available-for-sale securities, at estimated fair value		7,857	10,045
Banking securities
Assets
Equity available-for-sale securities		29,883	29,702
Industrial securities
Assets
Equity available-for-sale securities		6,103	6,256
Fair Value, Measurements, Recurring
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	1,754,528	1,867,913
Equity available-for-sale securities	[1]	35,986	35,958
Cash equivalents	[2]	239,804	232,509
Derivative assets	[3]	59,787	1,055
Limited partnerships	[4]	63,552	64,518
Separate Accounts assets	[5]	5,908,398	6,771,369
Total assets		8,062,055	8,973,322
Liabilities
Future policy benefits (embedded derivatives only)	[6]	213	633
Derivative liabilities	[3]	6,927	18,744
Total liabilities		7,140	19,377
Fair Value, Measurements, Recurring | Corporate securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	1,066,725	1,177,409
Fair Value, Measurements, Recurring | Asset-backed securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	118,278	133,160
Fair Value, Measurements, Recurring | Commercial mortgage-backed securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	80,689	100,801
Fair Value, Measurements, Recurring | Residential mortgage-backed securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	92,578	45,447
Fair Value, Measurements, Recurring | Municipals
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	806	800
Fair Value, Measurements, Recurring | Government and government agencies - United States
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	387,595	400,251
Fair Value, Measurements, Recurring | Government and government agencies - Foreign
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	7,857	10,045
Fair Value, Measurements, Recurring | Banking securities
Assets
Equity available-for-sale securities	[1]	29,883	29,702
Fair Value, Measurements, Recurring | Industrial securities
Assets
Equity available-for-sale securities	[1]	6,103	6,256
Level 1 | Fair Value, Measurements, Recurring
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	389,120	403,815
Separate Accounts assets	[5]	5,908,398	6,771,369
Total assets		6,297,518	7,175,184
Level 1 | Fair Value, Measurements, Recurring | Government and government agencies - United States
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	387,595	400,251
Level 1 | Fair Value, Measurements, Recurring | Government and government agencies - Foreign
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	1,525	3,564
Level 2 | Fair Value, Measurements, Recurring
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	1,358,642	1,455,624
Equity available-for-sale securities	[1]	35,986	35,958
Cash equivalents	[2]	239,804	232,509
Derivative assets	[3]	59,787	1,055
Limited partnerships	[4]	60,573	60,432
Total assets		1,754,792	1,785,578
Liabilities
Derivative liabilities	[3]	6,927	18,744
Total liabilities		6,927	18,744
Level 2 | Fair Value, Measurements, Recurring | Corporate securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	1,066,725	1,177,409
Level 2 | Fair Value, Measurements, Recurring | Asset-backed securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	111,512	124,686
Level 2 | Fair Value, Measurements, Recurring | Commercial mortgage-backed securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	80,689	100,801
Level 2 | Fair Value, Measurements, Recurring | Residential mortgage-backed securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	92,578	45,447
Level 2 | Fair Value, Measurements, Recurring | Municipals
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	806	800
Level 2 | Fair Value, Measurements, Recurring | Government and government agencies - Foreign
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	6,332	6,481
Level 2 | Fair Value, Measurements, Recurring | Banking securities
Assets
Equity available-for-sale securities	[1]	29,883	29,702
Level 2 | Fair Value, Measurements, Recurring | Industrial securities
Assets
Equity available-for-sale securities	[1]	6,103	6,256
Level 3 | Fair Value, Measurements, Recurring
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	6,766	8,474
Limited partnerships	[4]	2,979	4,086
Total assets		9,745	12,560
Liabilities
Future policy benefits (embedded derivatives only)	[6]	213	633
Total liabilities		213	633
Level 3 | Fair Value, Measurements, Recurring | Asset-backed securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	$ 6,766	$ 8,474
[1]	Securities are classified as Level 1 if the fair value is determined by observable inputs that reflect quoted prices for identical assets in active markets that the Company has the ability to access at the measurement date. Level 1 securities primarily include highly liquid U.S. Treasury and U.S. government agency securities. Securities are classified as Level 2 if the fair value is determined by observable inputs, other than quoted prices included in Level 1, for the asset or prices for similar assets. Securities are classified as Level 3 if the valuations are derived from techniques in which one or more of the significant inputs are unobservable. Level 3 consists principally of fixed maturity securities whose fair value is estimated based on non-binding broker quotes and internal models. These internal models primarily use projected cash flows discounted using relevant risk spreads and market interest rate curves. At September 30, 2015 and December 31, 2014, less than 0.5% of fixed maturity AFS securities were valued using internal models.
[2]	Cash equivalents are primarily valued at amortized cost, which approximates fair value. Operating cash is not included in the above table.
[3]	Level 2 derivatives include inflation swaps, variance swaps, total return swaps, options and credit default swaps for which the Company utilized readily accessible quoted index levels and broker quotes. The fair value of inflation swaps is calculated as the difference between the consumer price index (or related readily accessible quoted inflation index level) at the reporting date from the last reset date, multiplied by the notional value of the swap. The fair value of the variance swaps is calculated as the difference between the estimated volatility of the underlying Standard and Poor's 500 Composite Stock Price Index ("S&P") at maturity to the actual volatility of the underlying S&P index at initiation (i.e., strike) multiplied by the notional value of the swap. Total return swaps are valued based on the change in the underlying equity index as of the last reset date. Fair value for the equity options is calculated using the Black-Scholes model and market observable inputs for the underlying market price and volatility surface. Credit default swaps are valued using a discounted cash flow model where future premium payments and protection payments are corrected for the probability of default and the modeling uses an arbitrage free credit spread model.
[4]	Limited partnership investments in which management is able to determine that observable market inputs have been used and that the investment can be redeemed at the net asset value in 90 days or less are considered Level 2. The Company has an investment in a limited partnership for which the fair value is derived from management's review of the underlying financial statements that were prepared on a GAAP basis and that is considered a Level 3 measurement. The valuation utilizing these financial statements is on a one quarter lag.
[5]	Separate Accounts assets are carried at the net asset value provided by the fund managers.
[6]	The Company issued contracts containing guaranteed minimum withdrawal benefit riders ("GMWB") and obtained reinsurance on guaranteed minimum income benefit riders ("GMIB reinsurance"). GMWB and GMIB reinsurance are treated as embedded derivatives and are required to be reported separately from the host contract. In addition, the Company issues SALB contracts that are required to be reported at fair value. The fair value of these guarantees is calculated as the present value of future expected payments to policyholders less the present value of assessed fees attributable to the guarantees. Given the complexity and long-term nature of these guarantees, their fair values are determined using stochastic techniques under a variety of market return, discount rates and actuarial assumptions. Since many of the assumptions are unobservable and are considered to be significant inputs to the liability valuation, the liability included in future policy benefits has been reflected within Level 3 of the fair value hierarchy.

Hierarchy of Assets and Liabi38

Hierarchy of Assets and Liabilities Measured at Fair Value on Recurring Basis (Parenthetical) (Detail) - Maximum	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity AFS securities, valued using internal models	0.50%	0.50%
Limited partnership investments redeemable period	90 days

Summary of Change in Fair Value

Summary of Change in Fair Value of Level 3 Assets (Detail) - USD ($) $ in Thousands		9 Months Ended	12 Months Ended
		Sep. 30, 2015	Dec. 31, 2014
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of period		$ 12,560
Balance at end of period		9,745	$ 12,560
Limited partnership
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of period	[1]	4,086	5,044
Sales		(252)	(962)
Changes in valuation	[2]	(855)	4
Balance at end of period	[1]	2,979	4,086
Fixed maturity AFS securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of period	[1]	8,474	6,428
Change in unrealized losses	[3]	(317)	(72)
Purchases		1,999
Sales		(85)	(30)
Transfers into Level 3		2,049	3,744
Transfers out of Level 3		(5,354)	(1,596)
Balance at end of period	[1]	$ 6,766	$ 8,474
[1]	Recorded as a component of limited partnerships and fixed maturity AFS securities in the Balance Sheets.
[2]	Recorded as a component of net investment income in the Statements of Income.
[3]	Recorded as a component of other comprehensive income.

Fair Value of Financial Instr40

Fair Value of Financial Instruments - Additional Information (Detail)	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Measurement Inputs, Disclosure [Line Items]
Credit spread	0.40%	0.30%
Long-term forward rate assumption	25.00%	25.00%
Market based implied volatility inputs	5 years
Year 20 | Standard and Poor's Composite Stock Price Index
Fair Value, Measurement Inputs, Disclosure [Line Items]
Long-term forward rate assumption	24.30%	24.30%

Summary of Changes in Fair Valu

Summary of Changes in Fair Value of Level 3 Liabilities (Assets) (Detail) - USD ($) $ in Thousands		9 Months Ended	12 Months Ended
		Sep. 30, 2015	Dec. 31, 2014
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities, balance at beginning of period		$ 633
Liabilities, balance at end of period		213	$ 633
Assets, Balance at beginning of period		(12,560)
Assets, balance at end of period		(9,745)	(12,560)
GMWB
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities, balance at beginning of period	[1]	60,702	21,776
Liabilities, other	[2]	(6,914)	7,404
Liabilities, balance at end of period	[1]	73,537	60,702
GMWB | Interest rates
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities, changes in interest rates and equity markets	[2]	4,600	30,760
GMWB | Banking securities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities, changes in interest rates and equity markets	[2]	15,149	762
GMIB
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets, Balance at beginning of period	[1]	(60,573)	(39,345)
Assets, other	[2]	(539)	3,201
Assets, balance at end of period	[1]	(73,828)	(60,573)
GMIB | Interest rates
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets, changes in interest rates and equity markets	[2]	(4,153)	(26,759)
GMIB | Banking securities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets, changes in interest rates and equity markets	[2]	(8,563)	2,330
SALB
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities, balance at beginning of period	[1]	504	41
Liabilities, balance at end of period	[1]	$ 504	504
SALB | Banking securities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities, changes in interest rates and equity markets	[2]		$ 463
[1]	Recorded as a component of future policy benefits in the Balance Sheets.
[2]	Recorded as a component of policy benefits in the Statements of Income.

Summary of Quantitative Inputs

Summary of Quantitative Inputs and Assumptions of Level 3 Assets and Liabilities (Detail) - USD ($) $ in Thousands		9 Months Ended	12 Months Ended
		Sep. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Future policy benefits (embedded derivatives), fair value		$ 213	$ 633
Fair Value		$ 9,745	$ 12,560
Own credit risk		0.40%	0.30%
Long-term volatility		25.00%	25.00%
Fixed maturity AFS securities
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Fair Value		$ 6,766	$ 8,474
Fixed maturity AFS securities | Asset-backed securities
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Fair Value		6,766	8,474
Limited partnership
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Fair Value		2,979	4,086
GMWB
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Future policy benefits (embedded derivatives), fair value	[1]	73,537	60,702	$ 21,776
GMIB
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Fair Value	[1]	73,828	60,573	39,345
SALB
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Future policy benefits (embedded derivatives), fair value	[1]	$ 504	$ 504	$ 41
Level 3 | Fixed maturity AFS securities
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Valuation Technique		Broker	Broker
Level 3 | Limited partnership
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Valuation Technique	[2]	Not applicable	Not applicable
Level 3 | GMWB
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Valuation Technique		Discounted cash flows	Discounted cash flows
Level 3 | GMWB | Weighted Average
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Own credit risk		0.40%	0.30%
Long-term volatility		25.00%	25.00%
Level 3 | GMIB
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Valuation Technique		Discounted cash flows	Discounted cash flows
Level 3 | GMIB | Weighted Average
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Own credit risk		0.40%	0.30%
Long-term volatility		25.00%	25.00%
[1]	Recorded as a component of future policy benefits in the Balance Sheets.
[2]	The Company has an investment in a limited partnership for which the fair value is derived from management's review of the underlying financial statements that were prepared on a GAAP basis. Management did not make any adjustments to the valuation from the underlying financial statements. As a result, inputs are not developed by management to determine the fair value measurement for this investment.

Estimated Fair Value of Assets

Estimated Fair Value of Assets Not Carried at Fair Value on Balance Sheet (Detail) - Estimate of Fair Value, Fair Value Disclosure - USD ($) $ in Thousands		Sep. 30, 2015	Dec. 31, 2014
Fair Value, Estimate Not Practicable, Financial Statement Captions [Line Items]
Assets		$ 755,768	$ 752,504
Mortgage loans on real estate
Fair Value, Estimate Not Practicable, Financial Statement Captions [Line Items]
Assets	[1]	94,164	71,433
Policy loans
Fair Value, Estimate Not Practicable, Financial Statement Captions [Line Items]
Assets	[2]	661,604	681,071
Level 2
Fair Value, Estimate Not Practicable, Financial Statement Captions [Line Items]
Assets		661,604	681,071
Level 2 | Policy loans
Fair Value, Estimate Not Practicable, Financial Statement Captions [Line Items]
Assets	[2]	661,604	681,071
Level 3
Fair Value, Estimate Not Practicable, Financial Statement Captions [Line Items]
Assets		94,164	71,433
Level 3 | Mortgage loans on real estate
Fair Value, Estimate Not Practicable, Financial Statement Captions [Line Items]
Assets	[1]	$ 94,164	$ 71,433
[1]	The fair value of mortgage loans on real estate is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and/or similar remaining maturities.
[2]	Policy loans are stated at unpaid principal balance. The fair value of policy loans approximates their book value.

Amortized Cost_Cost, Gross Unre

Amortized Cost/Cost, Gross Unrealized Gains (Losses), Estimated Fair Value of Investments in Fixed Maturity and Equity Available-for-Sale Securities and OTTI (Detail) - USD ($) $ in Thousands		Sep. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity available-for-sale securities, amortized cost		$ 1,631,750	$ 1,705,721
Gross Unrealized Gains		135,640	170,357
Gross Unrealized Losses		(12,862)	(8,165)
Fixed maturity available-for-sale securities, at estimated fair value		1,754,528	1,867,913
Gross Unrealized OTTI in AOCI	[1]	(45)	(97)
Equity available-for-sale securities, cost		33,851	33,928
Gross Unrealized Gains		2,617	2,600
Gross Unrealized Losses		(482)	(570)
Equity available-for-sale securities, at estimated fair value		35,986	35,958
Gross Unrealized OTTI in AOCI	[1]	0	0
Banking securities
Schedule of Available-for-sale Securities [Line Items]
Equity available-for-sale securities, cost		28,061	28,137
Gross Unrealized Gains		2,304	2,135
Gross Unrealized Losses		(482)	(570)
Equity available-for-sale securities, at estimated fair value		29,883	29,702
Gross Unrealized OTTI in AOCI	[1]	0	0
Industrial securities
Schedule of Available-for-sale Securities [Line Items]
Equity available-for-sale securities, cost		5,790	5,791
Gross Unrealized Gains		313	465
Equity available-for-sale securities, at estimated fair value		6,103	6,256
Gross Unrealized OTTI in AOCI	[1]	0	0
Corporate securities
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity available-for-sale securities, amortized cost		1,008,413	1,095,082
Gross Unrealized Gains		70,753	89,852
Gross Unrealized Losses		(12,441)	(7,525)
Fixed maturity available-for-sale securities, at estimated fair value		1,066,725	1,177,409
Asset-backed securities
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity available-for-sale securities, amortized cost		113,623	127,803
Gross Unrealized Gains		4,866	5,743
Gross Unrealized Losses		(211)	(386)
Fixed maturity available-for-sale securities, at estimated fair value		118,278	133,160
Gross Unrealized OTTI in AOCI	[1]	(21)	(97)
Commercial mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity available-for-sale securities, amortized cost		77,652	96,594
Gross Unrealized Gains		3,099	4,341
Gross Unrealized Losses		(62)	(134)
Fixed maturity available-for-sale securities, at estimated fair value		80,689	100,801
Residential mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity available-for-sale securities, amortized cost		89,641	42,205
Gross Unrealized Gains		2,978	3,244
Gross Unrealized Losses		(41)	(2)
Fixed maturity available-for-sale securities, at estimated fair value		92,578	45,447
Gross Unrealized OTTI in AOCI	[1]	(24)
Municipals
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity available-for-sale securities, amortized cost		913	916
Gross Unrealized Losses		(107)	(116)
Fixed maturity available-for-sale securities, at estimated fair value		806	800
Government and government agencies - United States
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity available-for-sale securities, amortized cost		334,913	334,448
Gross Unrealized Gains		52,682	65,805
Gross Unrealized Losses			(2)
Fixed maturity available-for-sale securities, at estimated fair value		387,595	400,251
Government and government agencies - Foreign
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity available-for-sale securities, amortized cost		6,595	8,673
Gross Unrealized Gains		1,262	1,372
Fixed maturity available-for-sale securities, at estimated fair value		$ 7,857	$ 10,045
[1]	Represents other-than-temporary impairments ("OTTI") in Accumulated Other Comprehensive Income ("AOCI"), which were not included in earnings. Amount excludes $2,936 and $3,202 of unrealized gains at September 30, 2015 and December 31, 2014, respectively.

Amortized Cost_Cost, Gross Un45

Amortized Cost/Cost, Gross Unrealized Gains (Losses), Estimated Fair Value of Investments in Fixed Maturity and Equity Available-for-Sale Securities and OTTI (Parenthetical) (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Unrealized gains	$ 2,936	$ 3,202

Amortized Cost and Estimated Fa

Amortized Cost and Estimated Fair Value of Fixed Maturity Available-for-Sale Securities by Investment Grade (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity available-for-sale securities, amortized cost	$ 1,631,750	$ 1,705,721
Fixed maturity available-for-sale securities, at estimated fair value	1,754,528	1,867,913
Investment grade
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity available-for-sale securities, amortized cost	1,524,189	1,615,944
Fixed maturity available-for-sale securities, at estimated fair value	1,646,616	1,776,153
Below investment grade
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity available-for-sale securities, amortized cost	107,561	89,777
Fixed maturity available-for-sale securities, at estimated fair value	$ 107,912	$ 91,760

Investments - Additional Inform

Investments - Additional Information (Detail) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015USD ($)Investment	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)Investment	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)Investment
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity available-for-sale securities, at estimated fair value		$ 1,754,528		$ 1,754,528		$ 1,867,913
Number of Securities | Investment		102		102		95
Gross Unrealized Losses	[1]	$ 13,344		$ 13,344		$ 8,735
Estimated Fair Value		214,347		214,347		214,337
Prepayment premiums		0	$ 0	0	$ 0
General reserve		$ 103		$ 103		36
Minimum percentage of fair value of loaned securities		102.00%		102.00%
Deferred net losses on derivatives recorded in AOCI that are expected to be reclassified during the next 12 months		$ (364)		$ (364)
Fair value of threshold due to credit support agreement		1,000		1,000
Cash collateral received from counterparties		14,001		14,001		0
Net other-than-temporary impairment losses on securities recognized in income		$ 7	$ 4	$ 1,873	$ 104
Decline > 20%
Schedule of Available-for-sale Securities [Line Items]
Number of Securities | Investment		2		2
Gross Unrealized Losses		$ 1,229		$ 1,229		2,665
Estimated Fair Value		$ 2,759		$ 2,759		3,221
Decline > 40%
Schedule of Available-for-sale Securities [Line Items]
Number of Securities | Investment		2		2
Gross Unrealized Losses		$ 3,337		$ 3,337
Estimated Fair Value		$ 2,330		$ 2,330
Commercial mortgage loans
Schedule of Available-for-sale Securities [Line Items]
Concentrations of mortgage loans		77.00%		77.00%
General Reserves
Schedule of Available-for-sale Securities [Line Items]
General reserve		$ 103		$ 103		36
Other Financial Liabilities
Schedule of Available-for-sale Securities [Line Items]
Other financial liabilities, subject to offsetting		0		0		0
Other Derivatives
Schedule of Available-for-sale Securities [Line Items]
Securities pledged to counterparties		9,456		9,456		27,862
Other Financial Assets
Schedule of Available-for-sale Securities [Line Items]
Other financial assets, subject to offsetting		0		0		0
Unrealized Holding Gains (Losses) on AFS Securities
Schedule of Available-for-sale Securities [Line Items]
Adjustments in conjunction with the unrealized holding gains or losses on investments classified as available-for-sale.		0		0		0
Future
Schedule of Available-for-sale Securities [Line Items]
Collateral, fair value		4,189		4,189		3,235
Standard & Poor's, BBB- Rating
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity available-for-sale securities, at estimated fair value		$ 83,330		$ 83,330		$ 107,865
[1]	Subsequent unrealized gains (losses) on OTTI securities are included in OCI-OTTI.

Amortized Cost and Estimated 48

Amortized Cost and Estimated Fair Value of Fixed Maturity Available-for-Sale Securities by Contractual Maturities (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Amortized cost of fixed maturity AFS securities
Amortized cost of fixed maturity AFS securities due in one year or less	$ 67,396	$ 61,405
Amortized cost of fixed maturity AFS securities due after one year through five years	582,861	480,098
Amortized cost of fixed maturity AFS securities due after five years through ten years	250,354	453,522
Amortized cost of fixed maturity AFS securities due after ten years	450,223	444,094
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis, Total	1,350,834	1,439,119
Amortized cost of mortgage-backed securities and other asset-backed securities	280,916	266,602
Fixed maturity available-for-sale securities, amortized cost	1,631,750	1,705,721
Estimated fair value of fixed maturity AFS securities
Estimated fair value of fixed maturity AFS securities due in one year or less	68,401	62,356
Estimated fair value of fixed maturity AFS securities due after one year through five years	627,156	514,063
Estimated fair value of fixed maturity AFS securities due after five years through ten years	255,906	481,957
Estimated fair value of fixed maturity AFS securities due after ten years	511,520	530,129
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Total	1,462,983	1,588,505
Estimated fair value of mortgage-backed securities and other asset-backed securities	291,545	279,408
Fixed maturity available-for-sale securities, at estimated fair value	$ 1,754,528	$ 1,867,913

Estimated Fair Value, Amortized

Estimated Fair Value, Amortized Cost and Gross Unrealized Losses and Other-Than-Temporary Impairments of Fixed Maturity and Equity Available-for-Sale Securities in Continuous Unrealized Loss Position (Detail) - USD ($) $ in Thousands		Sep. 30, 2015	Dec. 31, 2014
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		$ 214,347	$ 214,337
Amortized Cost/Cost		227,691	223,072
Gross Unrealized Losses and OTTI	[1]	(13,344)	(8,735)
Less than or equal to six months
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		173,839	148,549
Amortized Cost/Cost		180,352	153,328
Gross Unrealized Losses and OTTI	[1]	(6,513)	(4,779)
Less than or equal to six months | Fixed maturity AFS securities | Corporate securities
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		113,304	60,583
Amortized Cost/Cost		119,703	64,799
Gross Unrealized Losses and OTTI	[1]	(6,399)	(4,216)
Less than or equal to six months | Fixed maturity AFS securities | Asset-backed securities
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		50,134	70,078
Amortized Cost/Cost		50,166	70,188
Gross Unrealized Losses and OTTI	[1]	(32)	(110)
Less than or equal to six months | Fixed maturity AFS securities | Commercial mortgage-backed securities
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		5,506	528
Amortized Cost/Cost		5,548	529
Gross Unrealized Losses and OTTI	[1]	(42)	(1)
Less than or equal to six months | Fixed maturity AFS securities | Residential mortgage-backed securities
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		4,895
Amortized Cost/Cost		4,935
Gross Unrealized Losses and OTTI	[1]	(40)
Less than or equal to six months | Fixed maturity AFS securities | Government and government agencies - United States
Gain (Loss) on Investments [Line Items]
Estimated Fair Value			9,310
Amortized Cost/Cost			9,312
Gross Unrealized Losses and OTTI	[1]		(2)
Less than or equal to six months | Equity securities | Banking securities
Gain (Loss) on Investments [Line Items]
Estimated Fair Value			8,050
Amortized Cost/Cost			8,500
Gross Unrealized Losses and OTTI	[1]		(450)
Greater than six months but less than or equal to one year
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		26,584	3,372
Amortized Cost/Cost		29,209	3,792
Gross Unrealized Losses and OTTI	[1]	(2,625)	(420)
Greater than six months but less than or equal to one year | Fixed maturity AFS securities | Corporate securities
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		17,438	3,363
Amortized Cost/Cost		19,680	3,783
Gross Unrealized Losses and OTTI	[1]	(2,242)	(420)
Greater than six months but less than or equal to one year | Fixed maturity AFS securities | Commercial mortgage-backed securities
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		1,008
Amortized Cost/Cost		1,029
Gross Unrealized Losses and OTTI	[1]	(21)
Greater than six months but less than or equal to one year | Fixed maturity AFS securities | Residential mortgage-backed securities
Gain (Loss) on Investments [Line Items]
Estimated Fair Value			9
Amortized Cost/Cost			9
Greater than six months but less than or equal to one year | Equity securities | Banking securities
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		8,138
Amortized Cost/Cost		8,500
Gross Unrealized Losses and OTTI	[1]	(362)
Greater than one year
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		13,924	62,416
Amortized Cost/Cost		18,130	65,952
Gross Unrealized Losses and OTTI	[1]	(4,206)	(3,536)
Greater than one year | Fixed maturity AFS securities | Corporate securities
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		6,573	44,656
Amortized Cost/Cost		10,376	47,545
Gross Unrealized Losses and OTTI	[1]	(3,803)	(2,889)
Greater than one year | Fixed maturity AFS securities | Asset-backed securities
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		4,820	6,721
Amortized Cost/Cost		4,998	6,997
Gross Unrealized Losses and OTTI	[1]	(178)	(276)
Greater than one year | Fixed maturity AFS securities | Commercial mortgage-backed securities
Gain (Loss) on Investments [Line Items]
Estimated Fair Value			8,504
Amortized Cost/Cost			8,637
Gross Unrealized Losses and OTTI	[1]		(133)
Greater than one year | Fixed maturity AFS securities | Residential mortgage-backed securities
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		46	59
Amortized Cost/Cost		47	61
Gross Unrealized Losses and OTTI	[1]	(1)	(2)
Greater than one year | Fixed maturity AFS securities | Municipals
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		807	800
Amortized Cost/Cost		913	916
Gross Unrealized Losses and OTTI	[1]	(106)	(116)
Greater than one year | Equity securities | Banking securities
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		1,678	1,676
Amortized Cost/Cost		1,796	1,796
Gross Unrealized Losses and OTTI	[1]	$ (118)	$ (120)
[1]	Subsequent unrealized gains (losses) on OTTI securities are included in OCI-OTTI.

Components of Net Unrealized Ga

Components of Net Unrealized Gains Losses and Other-Than-Temporary Impairments Included in Accumulated Other Comprehensive Income Net of Taxes (Detail) - USD ($) $ in Thousands		Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), net of taxes		$ 81,755	$ 74,082	$ 109,242	$ 84,967	$ 92,184	$ 39,703
Unrealized Holding Gains (Losses) on AFS Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), before taxes		103,088		130,575
Accumulated other comprehensive income (loss), net of taxes	[1]	76,723	72,244	107,760	84,599	93,439	38,533
Unrealized Holding Gains (Losses) on AFS Securities | Fixed maturity AFS securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), before taxes		122,778		162,192
Unrealized Holding Gains (Losses) on AFS Securities | Equity securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), before taxes		2,135		2,030
Unrealized Holding Gains (Losses) on AFS Securities | Valuation of business acquired
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), before taxes		(29,625)		(35,943)
Unrealized Holding Gains (Losses) on Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), net of taxes	[1]	5,032	$ 1,838	1,482	$ 368	$ (1,255)	$ 1,170
Unrealized Holding Gains (Losses) on Cash Flow Hedges | Cash Flow Hedging
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), before taxes		7,800		2,296
Accumulated Net Unrealized Liability Gain (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), before taxes		(21,333)		(21,333)
Accumulated Net Unrealized Liability Gain (Loss) | Federal income taxes - deferred
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), before taxes		$ (21,333)		$ (21,333)
[1]	All amounts are net of tax.

Change in Credit Loss Allowance

Change in Credit Loss Allowances on Mortgage Loans by Type of Property (Detail) - Commercial mortgage loans - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Mortgage Loans on Real Estate [Line Items]
Beginning balance	$ 36	$ 27
Provision	67	9
Ending balance	$ 103	$ 36

Credit Quality of Mortgage Loan

Credit Quality of Mortgage Loans by Type of Property (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans on real estate	$ 94,548	$ 66,703
Less: reserves	(103)	(36)
Total mortgage loans on real estate, net	94,445	66,667
AAA - AA
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans on real estate	26,199	21,378
A
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans on real estate	59,249	$ 45,325
BBB - BB
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans on real estate	$ 9,100

Summary of Securities Under Sec

Summary of Securities Under Securities Lending Agreements (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Securities Financing Transaction [Line Items]
Payables for collateral under securities loaned	$ 248,993	$ 265,880
Securities lending agreements
Securities Financing Transaction [Line Items]
Payables for collateral under securities loaned	204,465	265,236
Amortized cost of securities out on loan	173,591	215,195
Estimated fair value of securities out on loan	$ 200,112	$ 260,060

Summary of Securities Under Rev

Summary of Securities Under Reverse Repurchase Agreements (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Securities Financing Transaction [Line Items]
Payable for reverse repurchase agreements	$ 248,993	$ 265,880
Dollar roll repurchase agreement transactions
Securities Financing Transaction [Line Items]
Payable for reverse repurchase agreements	30,267	644
Amortized cost of securities pledged	30,432	634
Estimated fair value of securities pledged	$ 30,434	$ 646

Collateral Maturities of Revers

Collateral Maturities of Reverse Repurchase Agreements and Securities Lending Transactions (Detail) $ in Thousands	Sep. 30, 2015USD ($)
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements and repurchase-to-maturity transactions	$ 30,434
Securities lending transactions	200,112
Total Borrowings	230,546
Gross amount of recognized liabilities for repurchase agreements and securities lending in balance sheets	234,732
Residential mortgage-backed securities
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements and repurchase-to-maturity transactions	30,434
Corporate securities
Assets Sold under Agreements to Repurchase [Line Items]
Securities lending transactions	23,544
Equity securities
Assets Sold under Agreements to Repurchase [Line Items]
Securities lending transactions	13,549
US Government Corporations and Agencies Securities
Assets Sold under Agreements to Repurchase [Line Items]
Securities lending transactions	163,019
Maturity Overnight and Continuous
Assets Sold under Agreements to Repurchase [Line Items]
Securities lending transactions	200,112
Total Borrowings	200,112
Maturity Overnight and Continuous | Corporate securities
Assets Sold under Agreements to Repurchase [Line Items]
Securities lending transactions	23,544
Maturity Overnight and Continuous | Equity securities
Assets Sold under Agreements to Repurchase [Line Items]
Securities lending transactions	13,549
Maturity Overnight and Continuous | US Government Corporations and Agencies Securities
Assets Sold under Agreements to Repurchase [Line Items]
Securities lending transactions	163,019
Maturity up to 30 Days
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements and repurchase-to-maturity transactions	30,434
Total Borrowings	30,434
Maturity up to 30 Days | Residential mortgage-backed securities
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements and repurchase-to-maturity transactions	$ 30,434

Notional and Fair Value for Hed

Notional and Fair Value for Hedging Instruments (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Derivative [Line Items]
Derivative, notional value	$ 2,276,606	$ 1,123,726
Derivative, fair value	52,860	(17,689)
Non-qualifying hedging
Derivative [Line Items]
Derivative, notional value	2,226,722	1,073,842
Non-qualifying hedging | Future | Short
Derivative [Line Items]
Derivative, notional value	68,141	49,873
Non-qualifying hedging | Variance swaps
Derivative [Line Items]
Derivative, notional value	610	1,059
Derivative, fair value	(321)	(3,243)
Non-qualifying hedging | Total Return Swap
Derivative [Line Items]
Derivative, notional value	1,291,001	852,910
Derivative, fair value	16,615	(17,941)
Non-qualifying hedging | Credit Default Swaps
Derivative [Line Items]
Derivative, notional value	210,000	170,000
Derivative, fair value	442	2,017
Non-qualifying hedging | Options
Derivative [Line Items]
Derivative, notional value	656,970
Derivative, fair value	29,414
Designated as Hedging Instrument | Cash Flow Hedging
Derivative [Line Items]
Derivative, notional value	49,884	49,884
Derivative, fair value	6,710	1,478
Designated as Hedging Instrument | Interest Rate Swap | Cash Flow Hedging
Derivative [Line Items]
Derivative, notional value	49,884	49,884
Derivative, fair value	$ 6,710	$ 1,478

Net Derivative Gains (Losses) R

Net Derivative Gains (Losses) Recognized in Statements of Income (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Net derivative losses	$ 37,232	$ 7,204	$ 3,019	$ (44,789)
Future | Short
Derivative Instruments, Gain (Loss) [Line Items]
Net derivative losses	3,016	(977)	1,658	(5,760)
Variance swaps
Derivative Instruments, Gain (Loss) [Line Items]
Net derivative losses	863	(412)	(1,352)	(4,845)
Total Return Swap
Derivative Instruments, Gain (Loss) [Line Items]
Net derivative losses	18,535	8,592	(15,892)	(34,105)
Options
Derivative Instruments, Gain (Loss) [Line Items]
Net derivative losses	16,627		19,083
Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Net derivative losses	1	$ 1	4	$ (79)
Credit Default Swaps
Derivative Instruments, Gain (Loss) [Line Items]
Net derivative losses	$ (1,810)		$ (482)

Maximum Potential Amount of Fut

Maximum Potential Amount of Future Payments, Credit Rating and Maturity Dates for Credit Default Swaps (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Credit Derivatives [Line Items]
Maximum Potential Amount of Future Payments	$ 210,000	$ 170,000
Corporate securities
Credit Derivatives [Line Items]
Maximum Potential Amount of Future Payments	$ 120,000	$ 100,000
Corporate securities | Minimum
Credit Derivatives [Line Items]
Maturity Date Range	2017-06	2017-06
Corporate securities | Maximum
Credit Derivatives [Line Items]
Maturity Date Range	2020-12	2020-12
Corporate securities | Credit Rating
Credit Derivatives [Line Items]
Credit Rating	A	A
Sovereign Debt Securities
Credit Derivatives [Line Items]
Maximum Potential Amount of Future Payments	$ 90,000	$ 70,000
Sovereign Debt Securities | Minimum
Credit Derivatives [Line Items]
Maturity Date Range	2017-06	2017-06
Sovereign Debt Securities | Maximum
Credit Derivatives [Line Items]
Maturity Date Range	2020-03	2020-12
Sovereign Debt Securities | Credit Rating
Credit Derivatives [Line Items]
Credit Rating	AA-A	A

Components of Gain or Loss on D

Components of Gain or Loss on Derivatives Qualifying as Cash Flow Hedges (Detail) - Cash Flow Hedging - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	$ 4,952	$ 2,517	$ 5,504	$ (1,243)
Net Realized Gains (Losses) Recognized in Income on Derivative (Ineffective Portion)	1	1	4	(79)
Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	(447)	(256)	(273)	(933)
Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	4,952	2,517	5,504	(1,243)
Net Realized Gains (Losses) Recognized in Income on Derivative (Ineffective Portion)	1	1	4	(79)
Interest Rate Swap | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	$ (447)	$ (256)	$ (273)	$ (933)

Offsetting Derivatives Assets (

Offsetting Derivatives Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Offsetting Assets [Line Items]
Gross Amounts of Recognized Assets	$ 113,129	$ 5,467
Gross Amounts Offset in the Balance Sheet	53,342	4,412
Net Amounts of Assets Presented in the Balance Sheet	59,787	1,055
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments	0	0
Gross Amounts Not Offset in the Balance Sheet, Collateral Received	57,595
Net Amount	2,192	1,055
Derivatives
Offsetting Assets [Line Items]
Gross Amounts of Recognized Assets	113,129	5,467
Gross Amounts Offset in the Balance Sheet	53,342	4,412
Net Amounts of Assets Presented in the Balance Sheet	59,787	1,055
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments	0	0
Gross Amounts Not Offset in the Balance Sheet, Collateral Received	57,595
Net Amount	$ 2,192	$ 1,055

Offsetting Derivative Liabiliti

Offsetting Derivative Liabilities (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Offsetting Liabilities [Line Items]
Gross Amounts of Recognized Liabilities, Derivatives	$ 60,269	$ 23,156
Gross Amounts Offset in the Balance Sheet, Derivatives	53,342	4,412
Net Amounts of Liabilities Presented in the Balance Sheet, Derivatives	6,927	18,744
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments, Derivatives	0	0
Gross Amounts Not Offset in the Balance Sheet, Collateral Pledged, Total	6,662	17,637
Net Amount, Derivatives	265	1,107
Derivatives
Offsetting Liabilities [Line Items]
Gross Amounts of Recognized Liabilities, Derivatives	60,269	23,156
Gross Amounts Offset in the Balance Sheet, Derivatives	53,342	4,412
Net Amounts of Liabilities Presented in the Balance Sheet, Derivatives	6,927	18,744
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments, Derivatives	0	0
Gross Amounts Not Offset in the Balance Sheet, Collateral Pledged, Total	6,662	17,637
Net Amount, Derivatives	$ 265	$ 1,107

Net Investment Income By Source

Net Investment Income By Source (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net Investment Income [Line Items]
Gross investment income	$ 26,955	$ 30,420	$ 87,089	$ 90,804
Less investment expenses	(1,248)	(905)	(3,439)	(2,461)
Net investment income	25,707	29,515	83,650	88,343
Fixed maturity AFS securities
Net Investment Income [Line Items]
Gross investment income	17,577	18,347	53,502	54,519
Policy loans
Net Investment Income [Line Items]
Gross investment income	8,946	9,414	26,556	27,806
Cash and Cash Equivalents
Net Investment Income [Line Items]
Gross investment income	140	131	448	410
Equity securities
Net Investment Income [Line Items]
Gross investment income	469	470	1,499	1,526
Limited partnership
Net Investment Income [Line Items]
Gross investment income	(2,272)	413	(715)	584
Mortgage loans on real estate
Net Investment Income [Line Items]
Gross investment income	1,038	783	2,898	2,222
Derivatives
Net Investment Income [Line Items]
Gross investment income	954	763	2,784	3,465
Other
Net Investment Income [Line Items]
Gross investment income	$ 103	$ 99	$ 117	$ 272

Proceeds and Gross Realized Inv

Proceeds and Gross Realized Investment Gains (Losses) from Sale of Available-for-Sale Securities (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Schedule of Available-for-sale Securities [Line Items]
Proceeds	$ 46,395	$ 9,246	$ 138,614	$ 56,858
Gross realized investment gains	2,604	1,928	5,556	4,183
Gross realized investment losses	(153)	(83)	(2,304)	(633)
Proceeds on AFS securities sold at a realized loss	$ 4,181	$ 4,335	$ 31,876	$ 22,001

Net Realized Investment Gains (

Net Realized Investment Gains (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Gain (Loss) on Investments [Line Items]
Net realized investment gains (losses)	$ 2,172	$ 1,290	$ 1,169	$ 2,293
Fixed maturity AFS securities
Gain (Loss) on Investments [Line Items]
Net realized investment gains (losses)	2,444	1,841	1,204	3,416
Equity securities
Gain (Loss) on Investments [Line Items]
Net realized investment gains (losses)			175	30
Mortgage loans on real estate
Gain (Loss) on Investments [Line Items]
Net realized investment gains (losses)	(74)	(817)	(67)	(1,997)
Valuation of business acquired
Gain (Loss) on Investments [Line Items]
Net realized investment gains (losses)	$ (198)	$ 266	$ (143)	$ 844

Credit Loss Impairments on Fixe

Credit Loss Impairments on Fixed Maturity Securities, Other-Than-Temporary Impairment Loss Recognized in Other Comprehensive Income, and Corresponding Changes (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Balance at beginning of period	$ (185)	$ 714
Credit loss impairment recognized in the current period on securities not previously impaired	1,764
Additional credit loss impairments recognized in the current period on securities previously impaired through other comprehensive income	109	104
Accretion of credit loss impairments previously recognized	(719)	(1,003)
Balance at end of period	$ 969	$ (185)

Components of Other-Than-Tempor

Components of Other-Than-Temporary Impairments Reflected in Statements of Income (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
OTTI losses on securities	$ 7	$ 4	$ 1,873	$ 104
Net OTTI loss recognized in OCI	0	0	0	0
Net OTTI Losses Recognized in Income	7	4	1,873	104
Gross OTTI losses
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
OTTI losses on securities	7	4	1,873	104
Net OTTI loss recognized in OCI	0	0	0	0
Net OTTI Losses Recognized in Income	$ 7	$ 4	$ 1,873	$ 104

Value of Business Acquired, Def

Value of Business Acquired, Deferred Policy Acquisition Costs and Deferred Sales Inducements - Additional Information (Detail)	Sep. 30, 2015	Sep. 30, 2014
Long-Term Equity Growth Rate Assumption [Line Items]
Long-term growth rate assumption for amortization of VOBA, DAC and DSI	8.00%	8.00%

Change in Carrying Amount of Va

Change in Carrying Amount of Value of Business Acquired (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Business Acquisition, Acquisition Related Costs [Line Items]
Adjustment related to realized (gains) losses on investments	$ 2,172	$ 1,290	$ 1,169	$ 2,293
Valuation of business acquired
Business Acquisition, Acquisition Related Costs [Line Items]
Amortization expense	(7,270)	(11,324)	(18,819)	(12,377)
Unlocking	(23)	6,447	(107)	6,448
Adjustment related to realized (gains) losses on investments	(197)	266	(141)	844
Adjustment related to unrealized (gains) losses and OTTI on investments	599	4,338	6,318	(6,584)
Change in VOBA carrying amount	$ (6,891)	$ (273)	$ (12,749)	$ (11,669)

Change in Carrying Amount of De

Change in Carrying Amount of Deferred Acquisition Costs (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
DAC
Capitalization	$ 70	$ 71	$ 144	$ 159
Accretion (amortization) expense	3,509	(951)	(278)	(286)
Unlocking	(1,301)	1,630	(1,352)	1,661
Change in DAC carrying amount	$ 2,278	$ 750	$ (1,486)	$ 1,534

Change in Carrying Amount of 70

Change in Carrying Amount of Deferred Sales Inducements (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
DSI
Capitalization	$ 8	$ (19)	$ 13	$ 21
Accretion (amortization) expense	799	(132)	(58)	13
Unlocking	(295)	732	(307)	700
Change in DSI carrying amount	$ 512	$ 581	$ (352)	$ 734

Changes in Guaranteed Minimum D

Changes in Guaranteed Minimum Death Benefits and Guaranteed Minimum Income Benefits Liabilities (Detail) - Variable Annuity Contracts - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
GMDB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Guaranteed benefits incurred	$ 6,467	$ 7,055	$ 19,551	$ 22,358
Guaranteed benefits paid	(6,832)	(6,407)	(19,617)	(21,143)
Unlocking	32,957	2,449	32,232	(7,030)
Total	32,592	3,097	32,166	(5,815)
GMIB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Guaranteed benefits incurred	2,701	2,439	8,363	8,783
Guaranteed benefits paid	(346)	(133)	(682)	(1,214)
Unlocking	25,507	(9,196)	22,192	(11,451)
Total	$ 27,862	$ (6,890)	$ 29,873	$ (3,882)

Variable Contracts Containing72

Variable Contracts Containing Guaranteed Benefits - Additional Information (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Future policy benefits	$ 476,181	$ 425,259
GMDB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Future policy benefits	144,261	112,095
GMIB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Future policy benefits	$ 99,648	$ 69,775

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Investments, Owned, Federal Income Tax Note [Line Items]
Federal statutory rate			35.00%	35.00%
Income tax expense (benefit)	$ 0	$ 0	$ 0	$ 0
Valuation allowance for deferred tax assets	125,269		125,269		$ 113,406
Unrecognized income tax benefit, net	3,697		3,697		3,041	$ 2,931
Unrecognized income tax benefit, gross	10,564		10,564		8,689
Operating loss carryforward	109,495		109,495		$ 505,102
Operating loss carryforward, expiration period					15 years
Decrease in operating loss carryforward					$ (892)
Alternative minimum tax credit carryforward	4,216		4,216		4,216
Penalties expense related to federal income tax			0		0
Interest (income)/expense related to federal income tax			57
Capital contributions from AEGON USA, LLC			11,666	$ 132,222	179,029
Foreign
Investments, Owned, Federal Income Tax Note [Line Items]
Tax credit carryforward	8,745		$ 8,745		$ 8,574
Foreign tax credit carryforward, expiration date in year			10 years		10 years
Capital Loss Carryforward
Investments, Owned, Federal Income Tax Note [Line Items]
Tax credit carryforward	$ 2,468		$ 2,468		$ 2,468
Capital loss tax credit carryforward, expiration date in year			5 years		5 years
Tax credit carryforward, expiration year			2,018		2,018
Maximum
Investments, Owned, Federal Income Tax Note [Line Items]
Operating loss carryforward, expiration year					2,029
Interest (income)/expense related to federal income tax					$ 1
Maximum | Foreign
Investments, Owned, Federal Income Tax Note [Line Items]
Foreign tax credit carryforward, expiration year			2,025		2,025

Provision for Income Tax Receiv

Provision for Income Tax Receivable (Payable) (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Income Tax [Line Items]
Net income tax receivable (payable)	$ (5,118)	$ (5,109)
State and Local Jurisdiction
Income Tax [Line Items]
Current income tax receivable (payable)	(105)	(96)
Deferred income tax receivable (payable)	1,061	1,061
Internal Revenue Service (IRS)
Income Tax [Line Items]
Current income tax receivable (payable)	(179)	(179)
Deferred income tax receivable (payable)	$ (5,895)	$ (5,895)

Components of Change in Unrecog

Components of Change in Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Income Tax Contingency [Line Items]
Balance at beginning of period	$ 3,041	$ 2,931
Additions for tax positions of prior years	363	110
Additions for tax positions of current year	293
Balance at end of period	$ 3,697	$ 3,041

Accumulated Other Comprehensi76

Accumulated Other Comprehensive Income by Component (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended		12 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		$ 74,082	$ 92,184	$ 109,242	$ 39,703	$ 39,703
OCI before reclassifications		8,013	(7,451)	(28,961)	44,466
Amounts reclassified from AOCI		(340)	234	1,474	798
Total other comprehensive income (loss), net of taxes		7,673	(7,217)	(27,487)	45,264
Ending balance		81,755	84,967	81,755	84,967	109,242
Unrealized Holding Gains (Losses) on AFS Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	[1]	72,244	93,439	107,760	38,533	38,533
OCI before reclassifications	[1]	5,107	(8,909)	(32,335)	45,870
Amounts reclassified from AOCI	[1]	(628)	69	1,298	196
Total other comprehensive income (loss), net of taxes	[1]	4,479	(8,840)	(31,037)	46,066
Ending balance	[1]	76,723	84,599	76,723	84,599	107,760
Unrealized Holding Gains (Losses) on Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	[1]	1,838	(1,255)	1,482	1,170	1,170
OCI before reclassifications	[1]	2,906	1,458	3,374	(1,404)
Amounts reclassified from AOCI	[1]	288	165	176	602
Total other comprehensive income (loss), net of taxes	[1]	3,194	1,623	3,550	(802)
Ending balance	[1]	$ 5,032	$ 368	$ 5,032	$ 368	$ 1,482
[1]	All amounts are net of tax.

Reclassifications out of Accumu

Reclassifications out of Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total amounts reclassified from AOCI, net of tax		$ 340	$ (234)	$ (1,474)	$ (798)
Net investment income		25,707	29,515	83,650	88,343
Net realized investment gains (losses)		2,172	1,290	1,169	2,293
Portion of OTTI previously recognized in OCI		(7)	(4)	(1,873)	(104)
Income (Loss) Before Taxes		3,326	26,691	9,024	45,234
Income tax expense (benefit)		0	0	0	0
Net of tax		3,326	26,691	9,024	45,234
Unrealized Holding Gains (Losses) on AFS Securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total amounts reclassified from AOCI, net of tax	[1]	628	(69)	(1,298)	(196)
Unrealized Holding Gains (Losses) on Cash Flow Hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total amounts reclassified from AOCI, net of tax	[1]	(288)	(165)	(176)	(602)
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total amounts reclassified from AOCI, net of tax		340	(234)	(1,474)	(798)
Reclassification out of Accumulated Other Comprehensive Income | Unrealized Holding Gains (Losses) on AFS Securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net realized investment gains (losses)		981	(103)	(139)	(200)
Portion of OTTI previously recognized in OCI		(7)	(4)	(1,873)	(104)
Income (Loss) Before Taxes		974	(107)	(2,012)	(304)
Income tax expense (benefit)		346	(38)	(714)	(108)
Net of tax		628	(69)	(1,298)	(196)
Reclassification out of Accumulated Other Comprehensive Income | Unrealized Holding Gains (Losses) on Cash Flow Hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net investment income		(447)	(256)	(273)	(933)
Income (Loss) Before Taxes		(447)	(256)	(273)	(933)
Income tax expense (benefit)		(159)	(91)	(97)	(331)
Net of tax		$ (288)	$ (165)	$ (176)	$ (602)
[1]	All amounts are net of tax.

Stockholder's Equity and Stat78

Stockholder's Equity and Statutory Accounting Principles - Additional Information (Detail) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Statutory Accounting Practices [Line Items]
Statutory net income (loss)	$ (104,663,000)	$ 151,234,000
Statutory capital and surplus	840,767,000		$ 912,090,000
Cash dividend paid to AEGON USA, LLC	0	0
Capital contributions from AUSA	$ 11,666,000	$ 132,222,000	$ 179,029,000

Reinsurance - Additional Inform

Reinsurance - Additional Information (Detail) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Maximum amount of mortality risk retained	$ 1,000,000
Reinsurance payables - net	140,000	$ 49,000
Reinsurance reserve	$ 0	$ 0
GMIB
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Percentage of account value for variable annuity contracts reinsured	35.00%	36.00%
GMDB
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Percentage of account value for variable annuity contracts reinsured	5.00%	5.00%

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 19, 2015	Jun. 27, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Related Party Transaction [Line Items]
Expense incurred as result of multiple service agreements			$ 2,026	$ 2,414	$ 16,043	$ 7,361
Intercompany short-term note receivable	$ 25,000	$ 50,000	25,000		25,000
Interest on intercompany note receivable	0.13%	0.11%
Intercompany short-term note receivable, due date	Jun. 18, 2016	Dec. 31, 2014
Interest income accrued and/or received due to intercompany arrangements			8	13	9	14
Aegon USA Investment Management LLC
Related Party Transaction [Line Items]
Expense incurred as result of multiple service agreements			437	449	1,278	1,329
AEGON USA Realty Advisors, LLC
Related Party Transaction [Line Items]
Expense incurred as result of multiple service agreements			36	22	102	63
Mortgage loan origination fees			0	0	0	0
Transamerica Capital, Inc.
Related Party Transaction [Line Items]
Expense incurred as result of multiple service agreements			7,547	7,844	22,200	23,331
Transamerica Asset Management, Inc.
Related Party Transaction [Line Items]
Expense incurred as result of multiple service agreements			89	102	275	306
Distribution and shareholder services agreement
Related Party Transaction [Line Items]
Revenue from participation agreement			$ 589	$ 710	$ 1,825	$ 1,894

Affiliated Purchasing and Selli

Affiliated Purchasing and Selling of Investments with Affiliated Companies (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Related Party Transaction [Line Items]
Investments purchased from related parties			$ 371,497	$ 344,445
Investments purchased from related parties, Limited partnerships				25,000
Investments sold to related parties	$ 46,395	$ 9,246	138,614	56,858
Affiliated companies
Related Party Transaction [Line Items]
Investments purchased from related parties, Limited partnerships				25,000
Affiliated companies | Fixed maturity AFS securities
Related Party Transaction [Line Items]
Investments purchased from related parties		19,652	30,356	118,105
Investments sold to related parties			24,878	24,844
Affiliated companies | Mortgage loans on real estate
Related Party Transaction [Line Items]
Investments purchased from related parties			$ 4,000
Investments sold to related parties		$ 2,038		$ 2,038

Segment Information - Additiona

Segment Information - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2015Segment
Segment Reporting Information [Line Items]
Number of reportable segment	2

Business Segment's Contribution

Business Segment's Contribution to Select Statements of Income Information (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting Information [Line Items]
Net revenues	[1]	$ 91,296	$ 69,066	$ 173,192	$ 138,327
Amortization (accretion) of VOBA		7,293	4,877	18,926	5,929
Policy benefits (net of reinsurance recoveries)		71,390	26,893	109,221	54,106
Income tax expense (benefit)		0	0	0	0
Net Income		3,326	26,691	9,024	45,234
Annuity
Segment Reporting Information [Line Items]
Net revenues	[1]	74,149	49,860	117,990	82,152
Amortization (accretion) of VOBA		(229)	1,097	5,080	(25)
Policy benefits (net of reinsurance recoveries)		64,676	15,828	81,180	21,728
Income tax expense (benefit)		(896)	549	(2,520)	(1,987)
Net Income		2,387	23,321	1,382	30,391
Life Insurance
Segment Reporting Information [Line Items]
Net revenues	[1]	17,147	19,206	55,202	56,175
Amortization (accretion) of VOBA		7,522	3,780	13,846	5,954
Policy benefits (net of reinsurance recoveries)		6,714	11,065	28,041	32,378
Income tax expense (benefit)		896	(549)	2,520	1,987
Net Income		$ 939	$ 3,370	$ 7,642	$ 14,843
[1]	Net revenues include total revenues net of interest credited to policyholder liabilities.