Transamerica Advisors Life Insurance 10-K 30 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2016USD ($)shares
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Entity Registrant Name	TRANSAMERICA ADVISORS LIFE INSURANCE CO
Entity Central Index Key	845,091
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding | shares	250,000
Entity Public Float | $	$ 0

BALANCE SHEETS

BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Investments
Fixed maturity available-for-sale securities, at estimated fair value (amortized cost: 2016 - $1,383,787; 2015 - $1,570,693)	$ 1,487,037	$ 1,665,337
Equity available-for-sale securities, at estimated fair value (cost: 2016 - $31,264; 2015 - $33,777)	32,551	34,667
Limited partnerships	70,910	63,489
Mortgage loans on real estate	116,208	92,914
Policy loans	632,834	661,466
Derivative assets	16,526	10,893
Total investments	2,356,066	2,528,766
Cash and cash equivalents	267,844	236,482
Accrued investment income	34,318	34,481
Deferred policy acquisition costs	33,901	37,500
Deferred sales inducements	7,708	8,517
Value of business acquired	222,299	259,493
Goodwill	2,800	2,800
Income tax asset	576	1,512
Reinsurance receivables	166	68
Affiliated short-term note receivable		25,000
Receivable for investments sold - net	997	777
Other assets	35,484	28,448
Recoverable of ceded GMIB embedded derivatives, at fair value	48,166	61,426
Separate Accounts assets	5,659,950	5,940,665
Total Assets	8,670,275	9,165,935
Policyholder liabilities and accruals
Policyholder account balances	1,096,695	1,154,871
Future policy benefits	486,826	518,911
Claims and claims settlement expenses	37,556	32,410
Total policyholder liabilities and accruals	1,621,077	1,706,192
Payables for collateral under securities loaned, reverse repurchase agreements and derivatives	245,702	194,537
Checks not yet presented for payment	4,261	9,918
Derivative liabilities	15,165	13,075
Income tax liability		2,086
Affiliated payables - net	5,064	2,875
Reinsurance payables	203
Other liabilities	12,461	5,086
Separate Accounts liabilities	5,659,950	5,940,665
Total Liabilities	7,563,883	7,874,434
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	1,425,816	1,514,157
Accumulated other comprehensive income, net of taxes	55,350	56,591
Retained deficit	(377,274)	(281,747)
Total Stockholder's Equity	1,106,392	1,291,501
Total Liabilities and Stockholder's Equity	$ 8,670,275	$ 9,165,935

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fixed maturity available-for-sale securities, amortized cost	$ 1,383,787	$ 1,570,693
Equity available-for-sale securities, cost	$ 31,264	$ 33,777
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 (LOSS)

STATEMENTS OF INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues
Policy charge revenue	$ 151,446	$ 166,746	$ 177,913
Net investment income	111,149	112,184	116,938
Net realized investment gains
Other-than-temporary impairment losses on securities	(4,563)	(1,764)
Portion of other-than-temporary impairments previously recognized in other comprehensive income (loss)	(121)	(109)	(104)
Net other-than-temporary impairment losses on securities recognized in income	(4,684)	(1,873)	(104)
Net realized investment gains, excluding other-than-temporary impairment losses on securities	5,142	3,563	2,732
Net realized investment gains	458	1,690	2,628
Net derivative losses	(90,238)	(37,457)	(76,153)
Total Revenues	172,815	243,163	221,326
Benefits and Expenses
Interest credited to policyholder liabilities	55,015	54,914	54,599
Policy benefits (net of reinsurance recoveries: 2016 - $3,773; 2015 - $2,321; 2014 - $4,403)	65,067	105,246	77,877
Amortization (accretion) of deferred policy acquisition costs	3,680	3,783	(6,068)
Amortization of value of business acquired	32,482	22,364	10,840
Insurance, General and Administrative Expenses	38,103	47,916	45,121
Total Benefits and Expenses	194,347	234,223	182,369
Income (Loss) Before Taxes	(21,532)	8,940	38,957
Income Tax Expense (Benefit)	(1,005)	(4,718)	5,424
Net Income (Loss)	$ (20,527)	$ 13,658	$ 33,533

STATEMENTS OF INCOME (LOSS) (Pa

STATEMENTS OF INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Policy benefits, reinsurance recoveries	$ 3,773	$ 2,321	$ 4,403

STATEMENTS OF COMPREHENSIVE INC

STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net Income (Loss)	$ (20,527)	$ 13,658	$ 33,533
Net unrealized gains (losses) on available-for-sale securities
Net unrealized holding gains (losses) arising during the period	8,993	(67,572)	72,391
Reclassification adjustment for (gains) losses included in net income (loss)	3	(484)	281
Total net unrealized gains (losses) on available-for-sale securities	8,996	(68,056)	72,672
Net unrealized gains (losses) on cash flow hedges
Net unrealized gains (losses) on cash flow hedges arising during the period	(6,288)	1,807	(278)
Reclassification adjustment for losses included in net income (loss)	861	99	761
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax, Total	(5,427)	1,906	483
Net unrealized other-than-temporary impairments on securities
Change in previously recognized unrealized other-than-temporary impairments	(112)	(741)	2,805
Reclassification adjustment for other-than-temporary impairments included in net income (loss)	121	109	104
Net unrealized other-than-temporary impairments on securities	9	(632)	2,909
Adjustments
Value of business acquired	(4,819)	14,131	(6,525)
Other Comprehensive Income, Adjustments	(4,819)	14,131	(6,525)
Total other comprehensive income (loss), net of taxes	(1,241)	(52,651)	69,539
Comprehensive Income (Loss)	$ (21,768)	$ (38,993)	$ 103,072

STATEMENTS OF STOCKHOLDER'S EQU

STATEMENTS OF STOCKHOLDER'S EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income	Retained Deficit
Balance at beginning of period at Dec. 31, 2013		$ 2,500	$ 1,366,636	$ 39,703	$ (228,938)
Capital contributions from AEGON USA, LLC			179,029
Net Income (Loss)	$ 33,533				33,533
Total other comprehensive income (loss), net of taxes	69,539			69,539
Cash dividend paid to Transamerica Corporation /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)
Capital contributions from AEGON USA, LLC			68,492
Net Income (Loss)	13,658				13,658
Total other comprehensive income (loss), net of taxes	(52,651)			(52,651)
Return of capital to Transamerica Corporation /AEGON USA, LLC			(100,000)
Balance at end of period at Dec. 31, 2015	1,291,501	2,500	1,514,157	56,591	(281,747)
Net Income (Loss)	(20,527)				(20,527)
Total other comprehensive income (loss), net of taxes	(1,241)			(1,241)
Return of capital to Transamerica Corporation /AEGON USA, LLC	13,381		(88,341)
Cash dividend paid to Transamerica Corporation /AEGON USA, LLC					(75,000)
Balance at end of period at Dec. 31, 2016	$ 1,106,392	$ 2,500	$ 1,425,816	$ 55,350	$ (377,274)

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss)		$ (20,527)	$ 13,658	$ 33,533
Adjustments to reconcile net income (loss) to net cash and cash equivalents provided by operating activities:
Change in deferred policy acquisition costs		3,599	3,627	(6,258)
Change in deferred sales inducements		809	834	(1,807)
Change in value of business acquired		32,482	22,364	10,840
Change in benefit reserves, net of change in ceded reinsurance recoverable		(9,440)	43,176	14,221
Change in income tax accruals		(1,149)	(4,535)	6,143
Change in claims and claims settlement expenses		5,146	3,471	651
Change in other operating assets and liabilities - net		132	(2,124)	4,269
Change in checks not yet presented for payment		(5,655)	(3,658)	5,496
Amortization (accretion) of investments		(762)	3,046	1,836
Interest credited to policyholder liabilities		55,015	54,914	54,599
Net derivative losses		90,238	37,457	76,153
Net realized investment (gains) losses		(458)	(1,690)	(2,628)
Change in unrealized (gains) losses related to limited partnerships		99
Net cash and cash equivalents provided by operating activities		149,529	170,540	197,048
CASH FLOWS FROM INVESTING ACTIVITIES
Sales of available-for-sale securities and mortgage loans		497,472	231,374	108,086
Maturities of available-for-sale securities and mortgage loans		263,745	351,597	273,144
Purchases of available-for-sale securities and mortgage loans		(593,984)	(475,044)	(476,897)
Sales of limited partnerships		4,041	252	962
Purchases of limited partnerships		(11,562)		(60,000)
Change in affiliated short-term note receivable		25,000	(25,000)
Cash received in connection with derivatives		28,797	76,494	18,828
Cash paid in connection with derivatives		(110,962)	(135,918)	(119,059)
Policy loans on insurance contracts - net		28,632	19,606	29,015
Net settlement on futures contracts		(5,989)	(3,030)	(7,819)
Other			778	(436)
Net cash and cash equivalents provided by (used in) investing activities		125,190	41,109	(234,176)
CASH FLOWS FROM FINANCING ACTIVITIES
Policyholder deposits		13,362	15,578	14,734
Policyholder withdrawals		(135,940)	(134,335)	(128,712)
Capital contributions from AEGON USA, LLC			68,492	179,029
Return of capital to Transamerica Corporation /AEGON USA, LLC		(88,341)	(100,000)
Change in payables for collateral under securities loaned, reverse repurchase agreements and derivatives		42,562	(59,936)	5,374
Cash dividend paid to Transamerica Corporation /AEGON USA, LLC		(75,000)		(100,000)
Net cash and cash equivalents used in financing activities		(243,357)	(210,201)	(29,575)
Net increase (decrease) in cash and cash equivalents	[1]	31,362	1,448	(66,703)
Cash and cash equivalents, beginning of year		236,482	235,034	301,737
Cash and cash equivalents, end of year		$ 267,844	$ 236,482	$ 235,034
[1]	Included in net increase (decrease) in cash and cash equivalents is interest received (2016 - $31; 2015 - $18; 2014 - $31); interest paid (2016 - $44; 2015 - $15; 2014 - $5; income taxes paid (2016 - $0; 2015 - $0; 2014 - $0).

STATEMENTS OF CASH FLOWS (Paren

STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Interest received	$ 31	$ 18	$ 31
Interest paid	44	15	5
Income taxes paid	$ 0	$ 0	$ 0

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Summary of Significant Accounting Policies	Basis of Presentation TALIC is a wholly owned subsidiary of TA Corp, which is an indirect wholly owned subsidiary of AEGON N.V., a limited liability share company organized under Dutch law. The Company was formerly a wholly owned subsidiary of AUSA which merged into TA Corp effective December 31, 2015. AEGON N.V. and its subsidiaries and joint ventures have life insurance and pension operations in over twenty countries in Europe, the Americas, and Asia and are also active in savings and investment operations, accident and health insurance, and general insurance and have limited banking operations in a number of these countries. The Company is a life insurance company that conducts its business primarily in the annuity markets and to a lesser extent in the life insurance markets of the financial services industry. The Company is domiciled in the State of Arkansas and is currently licensed to sell insurance and annuities in forty-nine states, the District of Columbia, the U.S. Virgin Islands and Guam. Basis of Reporting The accompanying financial statements have been prepared in conformity with United States GAAP. The Company also submits financial statements to insurance industry regulatory authorities, which are prepared on the basis of statutory accounting principles (“SAP”). The significant accounting policies and related judgments underlying the accompanying financial statements are summarized below. Accounting Estimates and Assumptions The preparation of financial statements in conformity to GAAP 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 investments (including derivatives), 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. Investments Fixed maturity and equity securities The Company’s investments consist principally of fixed maturity and equity securities that are classified as AFS and are reported at estimated fair value. The fair values of fixed maturity and equity securities are determined by management after taking into consideration several sources of data. When available, the Company uses quoted market prices in active markets to determine the fair value of its investments. The Company’s valuation policy utilizes a pricing hierarchy which dictates that publicly available prices are initially sought from indices and third-party pricing services. In the event that pricing is not available from these sources, those securities are submitted to brokers to obtain quotes. If broker quotes are not available, then securities are priced using internal cash flow modeling techniques. These valuation methodologies commonly use reported trades, bids, offers, issuer spreads, benchmark yields, estimated prepayment speeds, and/or estimated cash flows. To understand the valuation methodologies used by third-party pricing services, the Company reviews and monitors their applicable methodology documents. Any changes to their methodologies are noted and reviewed for reasonableness. In addition, the Company performs periodic in-depth reviews of prices received from third-party pricing services. The objective for such reviews is to demonstrate that the Company can corroborate detailed information such as assumptions, inputs and methodologies used in pricing individual securities against documented pricing methodologies. Only third-party pricing services and brokers with a substantial presence in the market and with appropriate experience and expertise are used. Each month, the Company performs an analysis of the information obtained from third-party services and brokers to ensure that the information is reasonable and produces a reasonable estimate of fair value. The Company considers both qualitative and quantitative factors as part of this analysis, including but not limited to, recent transactional activity for similar fixed maturities, review of pricing statistics and trends, and consideration of recent relevant market events. Other controls and procedures over pricing received from indices, third-party pricing services, or brokers include validation checks such as review of exception reports that highlight significant price changes, stale prices or un-priced securities. In addition, the Company performs back testing on a sample basis. Back testing involves selecting a sample of securities trades and comparing the prices in those transactions to prices used for financial reporting. Significant variances between the price used for financial reporting and the transaction price are investigated to explain the cause of the difference. The Company’s portfolio of private placement securities is valued using a matrix pricing methodology. The pricing methodology is implemented in a third party service and indicates current spreads for securities based on weighted average life, credit rating and industry sector. On a monthly basis, the Company reviews the matrix to ensure the spreads are reasonable by comparing them to observed spreads for similar securities traded in the market. In order to account for the illiquid nature of these securities, illiquidity premiums are included in the valuation and are determined based upon the pricing of recent transactions in the private placement market as well as comparing the value of the privately offered security to a similar public security. The impact of the illiquidity premium to the overall valuation is less than 2% of the fair value. For fixed maturity securities, premiums are amortized to the earlier of the call or maturity date, discounts are accreted to the maturity date, and interest income is accrued daily. Amortization is recognized using the effective interest method. For equity securities, dividends are recognized on the ex-dividend date. Investment transactions are recorded on the trade date. Realized gains and losses on the sale or maturity of investments are determined on the basis of specific identification. Changes in the fair value of fixed maturity and equity securities deemed AFS are reported as a component of accumulated other comprehensive income (loss), net of taxes on the Balance Sheets and are not reflected in the Statements of Income (Loss) until a sale transaction occurs or when credit-related declines in estimated fair value are deemed other-than-temporary. Other-than-temporary impairments The Company regularly reviews each investment in its fixed maturity and equity AFS securities portfolio to evaluate the necessity of recording impairment losses for other-than-temporary declines in the fair value of investments. Management makes this determination through a series of discussions with the Company’s portfolio managers and credit analysts, and information obtained from external sources (i.e. company announcements, ratings agency announcements, or news wire services). For fixed maturity AFS securities, the Company also considers whether it is more likely than not that it will be required to sell the debt security before its anticipated recovery. The factors that may give rise to a potential OTTI include, but are not limited to, 1) certain credit-related events such as default of principal or interest payments by the issuer, 2) bankruptcy of issuer, 3) certain security restructurings, and 4) fair market value less than cost or amortized cost for an extended period of time. In the absence of a readily ascertainable market value, the estimated fair value on these securities represents management’s best estimate and is based on comparable securities and other assumptions as appropriate. Management bases this determination on the most recent information available. For equity securities, once management determines that a decline in the value of an AFS security is other-than-temporary, the cost basis of the equity security is reduced to its fair value, with a corresponding charge to earnings. Objective evidence of impairment of an investment in an equity instrument classified as AFS includes information about significant changes with an adverse effect that have taken place in the technological, market, economic or legal environment in which the issuer operates, that indicates that the cost of the investment in the equity instrument may not be recovered. As part of an ongoing process, the equity analysts actively monitor earnings releases, company fundamentals, new developments and industry trends for any signs of possible impairment. If an AFS equity security is impaired based upon the Company’s qualitative or quantitative impairment criteria, any further declines in the fair value at subsequent reporting dates are recognized as impairments. Therefore, at each reporting period, for an equity security that is determined to be impaired based upon the Company’s impairment criteria, an impairment is recognized for the difference between the fair value and the original cost basis, less any previously recognized impairments. For fixed maturity AFS securities, an OTTI must be recognized in earnings when an entity either a) has the intent to sell the debt security, or b) is more likely than not to be required to sell the debt security before its anticipated recovery. If the Company meets either of these criteria, the OTTI is recognized in earnings in an amount equal to the entire difference between the security’s amortized cost basis and its fair value at the balance sheet date. For fixed maturity AFS securities in unrealized loss positions that do not meet these criteria, the Company must analyze its ability to recover the amortized cost by comparing the net present value of projected future cash flows with the amortized cost of the security. The net present value is calculated by discounting the Company’s best estimate of projected future cash flows. If the net present value is less than the amortized cost of the investment, an OTTI is recorded. The OTTI is separated into two pieces: an amount representing the credit loss, where the present value of cash flows expected to be collected is less than the amortized cost basis of the security, and an amount related to all other factors (referred to as the non-credit portion). The credit loss is recognized in earnings and the non-credit loss is recognized in OCI, net of applicable taxes and value of business acquired. Management records subsequent changes in the estimated fair value (positive and negative) of fixed maturity AFS securities for which non-credit OTTI was previously recognized in OCI in “Net unrealized other-than-temporary impairments on securities.” Debt securities are monitored individually for impairments based on our asset specialists’ expectations of payment interruption. The probability of interruption is based on assessments of capital markets, funding needs and the liquidity profile of the issuer. Limited partnerships At December 31, 2016 and 2015, the Company had investments in three and two limited partnerships, respectively, that are not publicly traded. These partnerships are carried at estimated fair value. Management estimates the fair value of one partnership based on its review of the NAV statement provided to investors quarterly in arrears, plus cash activity through year end. Management estimates the fair value of one partnership based on its review of the underlying funds’ NAV statements, which include observable market inputs, one month in arrears, plus cash activity through year end. Management estimates the fair value of one partnership based on its review of the NAV statement which includes observable market inputs, one month in arrears, plus cash activity through year end. Mortgage Loans on Real Estate Mortgage loans on real estate are carried at unpaid principal balances adjusted for amortization of premiums and accretion of discounts and are net of valuation allowances and an allowance for credit losses. 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. Interest income is accrued on the principal balance of the loan based on the loan’s contractual interest rate. Premiums and discounts are amortized using the effective yield method over the life of the loan. Interest income and amortization of premiums and discounts are reported in net investment income along with mortgage loan fees, which are recorded as they are incurred. 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. When the Company determines that a loan is impaired, a valuation allowance is established for the excess carrying value of the loan over its estimated collateral value. Changing economic conditions impact the Company’s valuation of mortgage loans. Changing vacancies and rents are incorporated into the discounted cash flow analysis that the Company performs for monitored loans and may contribute to the establishment of (or an increase or decrease in) an allowance for losses. In addition, the Company continues to monitor the entire commercial mortgage loan portfolio to identify risk. Areas of emphasis are properties that have deteriorating credits or have experienced debt coverage reduction. Where warranted, the Company has established or increased loss reserves based upon this analysis. The Company does not accrue interest on loans ninety days past due. The Company also establishes an allowance for credit losses which is calculated by applying a percentage, based on risk rating and maturity, to the outstanding loan balance. The change in the valuation allowance and the allowance for credit losses is reflected in net realized investment gains (losses), excluding OTTI losses on securities in the Statements of Income (Loss). Policy loans Policy loans on insurance contracts are stated at unpaid principal balances. Due to the collateralized nature of policy loans, the Company believes that the fair value of policy loans approximates book value. Policy loans are funds provided to policyholders in return for a claim on the policy. The funds provided are limited to the cash surrender value of the underlying policy. Policy loans have a negligible default risk as the loans are fully collateralized by the value of the policy. Policy loans do not have a stated maturity and the balances and accrued interest are repaid either by the policyholder or with proceeds from the policy. Derivatives and Hedge Accounting The Company uses several types of derivatives to manage the capital market risk associated with the GMWB. Derivatives are primarily used by the Company to manage risk associated with interest rate or equity market risk or volatility. Freestanding derivatives are carried on 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 (Loss). 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 and during the periods covered by the accompanying financial statements, the Company has only had 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 OCI and reclassified into the Statements of Income (Loss) 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 (Loss). The Company has entered into cash flow hedging transactions on TIPS utilizing interest rate swaps to lengthen portfolio duration and to hedge the variability of cash flows due to changes in inflation. The Company recognizes hedge ineffectiveness gains (losses) from the difference of the change in fair value of the swap and the change in fair value of the underlying Treasury in net derivative gains (losses) in the Statements of Income (Loss). S&P futures contracts and interest rate futures contracts are used to hedge the equity risk and interest rate risk, respectively, 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 are recorded in net derivative gains (losses) in the Statements of Income (Loss). The Company uses variance swaps to hedge equity risk. The Company also enters 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 (Loss). The Company also writes 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, a payment equal to the notional amount of the contract, less any potential recoveries as determined by the underlying agreement, will be made by the Company to the counterparty to the swap, and recognized in net derivative gains (losses) in the Statements of Income (Loss). The Company enters into fixed-to-float and float-to-fixed interest rate swaps in order to hedge the interest rate risk on the underlying liability. The Company holds these contracts at fair value, and recognizes gains (losses) related to changes in fair value in net derivative gains (losses) in the Statements of Income (Loss). The Company also utilizes put and call options which serve to hedge the risk of equity market declines. The Company recognizes gains (losses) from the change in fair value of the options in net derivative gains (losses) in the Statements of Income (Loss). The Company’s GMWB dynamic program currently targets the following market sensitivities: first and second order equity exposure (Delta and Gamma); and first order interest rate exposure (Rho). Cash and Cash Equivalents Cash and cash equivalents include cash on hand and on deposit and short-term investments with original maturities of three months or less. Cash and cash equivalents are primarily valued at amortized cost, which approximates fair value. Checks Not Yet Presented for Payment The Company’s checks not yet presented for payment consists of checks written that have not yet cleared the Company’s bank accounts. The majority of the Company’s bank accounts are zero balance accounts that are funded at the time items clear against the account; therefore, the outstanding checks represent immediately payable liabilities. Because the recipients of these checks have generally not yet received payment, the Company classifies the outstanding checks as a liability on the Company’s Balance Sheets. Checks not yet presented for payment are classified in the cash flows from operating activities section of the Company’s Statements of Cash Flows. 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 of the risks and rewards of asset ownership. The loaned securities are included in fixed maturity AFS securities on 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. Reverse Repurchase Agreements The Company enters into dollar roll repurchase agreement transactions whereby the Company takes delivery of mortgage-backed securities (“MBS”) pools and sells them to a counterparty along with an agreement to repurchase substantially the same pools at some point in the future, typically one month forward. Dollar roll repurchase agreements are the only type of reverse repurchase agreement the Company enterers into at this time. These transactions are accounted for as collateralized borrowings, and the repurchase agreement liability is included on the Balance Sheets in payables for collateral under securities loaned, reverse repurchase agreements and derivatives. 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 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. Value of Business Acquired 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 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, policyholder behavior, Separate Account performance, 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. For acquired annuity and variable life insurance contracts, VOBA is amortized in proportion to estimated gross profits arising principally from investment margins, mortality and expense margins, rider margins, and surrender charges, based on historical and anticipated future experience, which is updated periodically. Revisions in estimates result in changes to the amounts amortized in the reporting period in which the revisions are made and could result in the impairment of the asset and a charge to income if estimated future gross profits are less than the unamortized balance. Deferred Policy Acquisition Costs 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 the group of acquired contracts. DAC are subject to recoverability testing at the time of the policy issuance and loss recognition testing at the end of each reporting period. DAC for variable annuities are 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 with necessary revisions applied against amortization to date. Changes in assumptions can have a significant impact on the amount of DAC reported and the related amortization patterns. In general, increases in the estimated Separate Accounts return and decreases in surrender or mortality assumptions increase the expected future profitability of the underlying business and may lower the rate of DAC amortization. Conversely, decreases in the estimated Separate Accounts returns and increases in surrender or mortality assumptions reduce the expected future profitability of the underlying business and may increase the rate of DAC amortization. Deferred Sales Inducements The Company offered a sales inducement whereby the contract owner received a bonus that increases the initial account balance by an amount equal to a specified percentage of the contract owner’s additional 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. It is reasonably possible that estimates of future gross profits could be reduced in the future, resulting in a material reduction in the carrying amount of the DSI asset. The expense and the subsequent capitalization and amortization (accretion) are recorded as a component of policy benefits in the Statements of Income (Loss). For VOBA, DAC and DSI, the impact of revisions and assumptions to estimates on cumulative amortization is recorded as a charge or credit to current operations, commonly referred to as “unlocking.” Annually, the Company performs a comprehensive review of actuarial assumptions utilized in measuring insurance liabilities and expected gross profits used in amortizing VOBA, DAC and DSI. The assumptions include, but are not necessarily limited to, inputs such as mortality, policyholder behavior and expected future rates of returns on investments. As part of this review, the Company considers emerging experience, future expectations and other data, including any observable market data. These assumptions are updated and implemented in the third quarter of each year, unless a material change in experience, indicative of a long term trend, is observed during an interim period. Goodwill Goodwill is the excess of the purchase price over the estimated fair value of net assets acquired. Goodwill and intangible assets with indefinite lives are not amortized, but are subject to impairment tests conducted annually, or more frequently when there is an impairment indicator. Impairment testing is performed using the fair value approach, which requires the use of estimates and judgment, at the Annuity reporting unit level. A reporting unit represents the operating segment which is the level at which the financial information is prepared and regularly reviewed by management. Goodwill is reviewed for indications of value impairment, with consideration given to financial performance and other relevant factors. In addition, certain events including a significant adverse change in legal factors or the business climate, an adverse action or assessment by a regulator, or unanticipated competition would cause the Company to review the carrying amounts of goodwill for impairment. When considered impaired, the carrying amounts are written down to fair value based primarily on discounted cash flows. The Company performed annual tests of goodwill at December 31, 2016, 2015, and 2014 and determined there was no impairment of goodwill because the fair value of the goodwill was substantially in excess of its carrying amount. Separate Accounts The Company’s Separate Accounts consist of variable annuities and variable life insurance contracts, of which the assets and liabilities are legally segregated and reported as separate captions on the Balance Sheets. Separate Accounts are established in conformity with Arkansas State Insurance Law and are generally not chargeable with liabilities that arise from any other business of the Company. Separate Accounts assets may be subject to claims of the Company only to the extent the value of such assets exceeds Separate Accounts liabilities. The assets of the Separate Accounts are carried at the daily net asset value of the mutual funds in which they invest. Absent any contract provision wherein the Company guarantees either a minimum return or account value upon death or annuitization, the net investment income and net realized and unrealized gains and losses attributable to Separate Accounts assets supporting variable annuities and variable life insurance contracts accrue directly to the contract owner and are not reported as revenue in the Statements of Income (Loss). Mortality charges, guaranteed benefit fees, policy administration, maintenance and withdrawal charges associated with Separate Accounts products are included in policy charge revenue in the Statements of Income (Loss). Policyholder Account Balances The Company’s liability for policyholder account balances represents the contract value that has accrued to the benefit of policyholders as of the Balance Sheet date. The liability is generally equal to the accumulated account deposits plus interest credited less policyholders’ withdrawals and other charges assessed against the account balance. Interest-crediting rates for the Company’s fixed rate products are as follows: 2016 2015 Interest-sensitive life products 4.00% 4.00% Interest-sensitive deferred annuities 0.25% - 4.90% 0.25% - 4.90% These rates may be changed at the option of the Company after initial guaranteed rates expire, unless contracts are subject to minimum interest rate guarantees. Future Policy Benefits Future policy benefits are actuarially determined liabilities, which are calculated to meet future obligations and are generally payable over an extended period of time. Principal assumptions used in the establishment of liabilities for future policy benefits are mortality, surrender rates, policy expenses, equity returns, interest rates, long-term volatility, own credit risk, utilization, and inflation. These estimates and assumptions are influenced by historical experience, current developments and anticipated market trends. Included within future policy benefits are liabilities for GMDB and GMIB provisions contained in the variable products that the Company has issued. The GMDB and GMIB liabilities are determined by projecting future expected guaranteed benefits under multiple scenarios for returns on Separate Accounts assets. The Company uses estimates for mortality and policyholder behavior assumptions based on actual and projected experience for each contract type. These estimates are consistent with the estimates used in the calculation of DAC. The Company regularly evaluates the assumptions used to establish these liabilities, as well as actual experience, and adjusts GMDB and GMIB liabilities with a related charge or credit to earnings (unlocking) if actual experience or evidence suggests that the assumptions should be revised. Future policy benefits also include liabilities, which can be either positive or negative, for contracts containing GMWB and SALB provisions based on the fair value of the underlying benefit. GMWB and GMIB reinsurance are treated as embedded derivatives and are required to be reported separately from the host contract. 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 ava

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2016
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 three-level 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 the three-level hierarchy 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 December 31, 2016 and 2015: December 31, 2016 Level 1 Level 2 Level 3 Total Assets Fixed maturity available-for-sale (“AFS”) securities (a) Corporate securities $ - $ 911,851 $ - $ 911,851 Asset-backed securities - 43,372 9,215 52,587 Commercial mortgage-backed securities - 76,513 - 76,513 Residential mortgage-backed securities - 96,177 - 96,177 Municipals - 856 - 856 Government and government agencies United States 341,379 - - 341,379 Foreign 1,480 6,194 - 7,674 Total fixed maturity AFS securities $ 342,859 $ 1,134,963 $ 9,215 $ 1,487,037 Equity AFS securities (a) Banking securities $ - $ 26,726 $ - $ 26,726 Industrial securities - 5,825 - 5,825 Total equity AFS securities $ - $ 32,551 $ - $ 32,551 Cash equivalents (b) - 265,538 - 265,538 Derivative assets (c) - 16,526 - 16,526 Fair value recoverable of ceded GMIB embedded derivatives (d) - - 48,166 48,166 Investments measured at NAV (e) - - - 5,730,860 Total assets $ 342,859 $ 1,449,578 $ 57,381 $ 7,580,678 Liabilities Future policy benefits (embedded derivatives only) (f) $ - $ - $ 55,143 $ 55,143 Derivative liabilities (c) - 15,165 - 15,165 Total liabilities $ - $ 15,165 $ 55,143 $ 70,308 December 31, 2015 Level 1 Level 2 Level 3 Total Assets Fixed maturity AFS securities (a) Corporate securities $ - $ 1,016,792 $ - $ 1,016,792 Asset-backed securities - 115,988 6,666 122,654 Commercial mortgage-backed securities - 71,683 - 71,683 Residential mortgage-backed securities - 59,265 - 59,265 Municipals - 807 - 807 Government and government agencies United States 386,288 - - 386,288 Foreign 1,499 6,349 - 7,848 Total fixed maturity AFS securities $ 387,787 $ 1,270,884 $ 6,666 $ 1,665,337 Equity AFS securities (a) Banking securities $ - $ 28,673 $ - $ 28,673 Industrial securities - 5,994 - 5,994 Total equity AFS securities $ - $ 34,667 $ - $ 34,667 Cash equivalents (b) - 234,500 - 234,500 Derivative assets (c) - 10,893 - 10,893 Fair value recoverable of ceded GMIB embedded derivatives (d) - - 61,426 61,426 Investments measured at NAV (e) - - - 6,004,154 Total assets $ 387,787 $ 1,550,944 $ 68,092 $ 8,010,977 Liabilities Future policy benefits (embedded derivatives only) (f) $ - $ - $ 61,129 $ 61,129 Derivative liabilities (c) - 13,075 - 13,075 Total liabilities $ - $ 13,075 $ 61,129 $ 74,204 (a) The fair values of debt securities are determined by management after taking into consideration several sources of data. When available, the Company uses quoted market prices in active markets to determine the fair value of its debt securities. The Company’s valuation policy utilizes a pricing hierarchy that dictates that publicly available prices are initially sought from indices and third party pricing services. In the event that pricing is not available from these sources, those securities are submitted to brokers to obtain quotes. The majority of brokers’ quotes are non-binding. As part of the pricing process, the Company assesses the appropriateness of each quote (i.e., as to whether the quote is based on observable market transactions or not) to determine the most appropriate estimate of fair value. Lastly, securities are priced using internal cash flow modeling techniques. These valuation methodologies commonly use the following inputs: reported trades, bids, offers, issuer spreads, benchmark yields, estimated prepayment speeds, and/or estimated cash flows. Third-party pricing services and brokers will often determine prices using recently reported trades for identical or similar securities. The third-party pricing services and brokers make adjustments for the elapsed time from the trade date to the Balance Sheet date to take into account available market information. Lacking recently reported trades, third-party pricing services and brokers will use modeling techniques to determine a security price where expected future cash flows are developed based on the performance of the underlying collateral and discounted using an estimated market rate. Periodically, the Company performs an analysis of the inputs obtained from third-party pricing services and brokers to ensure that the inputs are reasonable and produce a reasonable estimate of fair value. The Company’s asset specialists and investment valuation specialists consider both qualitative and quantitative factors as part of this analysis. Several examples of analytical procedures performed include, but are not limited to, recent transactional activity for similar debt securities, review of pricing statistics and trends and consideration of recent relevant market events. Other controls and procedures over pricing received from indices, third-party pricing services, or brokers include validation checks, such as exception reports that highlight significant price changes, stale prices or un-priced securities. Following is additional discussion of the valuation methodologies for certain types of debt securities: Corporate debt securities Residential mortgage-backed securities (“RMBS”), commercial mortgage-backed securities (“CMBS”) and asset backed securities (“ABS”) Government and government agencies - Equity securities – (b) Cash equivalents are primarily valued at amortized cost, which approximates fair value. Operating cash is not included in the above table. (c) Level 2 derivatives include interest rate swaps, inflation swaps, variance swaps, total return swaps, and credit default swaps for which the Company utilized readily accessible quoted index levels and broker quotes. The fair value of interest rate swaps is calculated based on the change in the underlying floating rate curve measured using the London Inter-Bank Offered Rate (“LIBOR”) at the reporting date, as compared to the fixed leg of the swap. The fair value for inflation swaps is calculated as the difference between the consumer price index (or related readily accessible quoted inflation index level) at the reporting date and the last reset date, multiplied by the notional value of the swap. The fair value for variance swaps is calculated as the difference between the estimated volatility of the underlying S&P at maturity and the actual volatility of the underlying S&P 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. 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, which is modeled using an arbitrage free credit spread model. (d) The Company reinsures a portion of its variable annuity business that offer GMIB reinsurance. GMIB reinsurance contracts are treated as embedded derivatives since they contain payment provisions for net settlement and are therefore reported separately from the host contract. (e) Amounts are comprised of certain investments that are measured at fair value using the NAV per share (or its equivalent) as a practical expedient and have not been classified in the fair value hierarchy in accordance with Subtopic 820-10. These investments do not have lockup periods. December 31, 2016 December 31, 2015 Investment: Limited Partnerships Fair Value Unfunded Redemption Redemption Fair Value Unfunded Commitments Limited Partnership - Private Equity $ 1,759 $ - None None $ 2,116 $ - Limited Partnership - Hedge Funds 69,151 - Quarterly 60-65 days 61,373 - $ 70,910 $ - $ 63,489 $ - Separate Accounts 5,659,950 - None None 5,940,665 - Investments measured at NAV $ 5,730,860 $ - $ 6,004,154 $ - (f) The Company recognizes liabilities for contracts containing GMWB and SALB which are reported at fair value. The liabilities for the contracts containing GMWB are treated as embedded derivatives, which are required to be reported separately from the host contract. 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 the guarantees, their fair values are determined using stochastic techniques under a variety of market return, discount rate and actuarial assumptions. Since two 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. During 2016 and 2015, 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 fixed maturity AFS securities at December 31, 2016 and 2015: Twelve Months Ended Twelve Months Ended Balance at beginning of period (a) $ 6,666 $ 8,474 Change in unrealized gains (losses) (b) (243 ) (376 ) Purchases 2,792 1,999 Sales (326 ) (126 ) Transfers into Level 3 2,113 2,049 Transfers out of Level 3 (1,954 ) (5,354 ) Net realized investment gains (c) 167 - Balance at end of period (a) $ 9,215 $ 6,666 (a) Recorded as a component of fixed maturity AFS securities on the Balance Sheets. (b) Recorded as a component of other comprehensive income (loss) in net unrealized holding gains (losses) on AFS securities arising during the period. (c) Recorded as a component of net realized investment gains (losses) for fixed maturity in the Statements of Income (Loss). In certain circumstances, the Company will obtain non-binding broker 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 investments. If not, the investments are classified as Level 3 due to the unobservable nature of the brokers’ valuation processes. The primary driver for the increase in Level 3 fixed maturity securities at December 31, 2016 is due to an asset-backed structured settlement security being purchased as a Level 3 during the fourth quarter. The Company’s Level 3 (assets) consist of GMIB reinsurance and Level 3 liabilities consist of provisions for GMWB and SALB. 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, 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 are 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 liability measurement and an increase (decrease) in volatility in isolation would result in a higher (lower) fair value liability measurement. Changes in the Company’s credit spread and volatility assumptions have an inverse effect on the GMIB reinsurance assets. The expected market rates of returns are based on risk-free rates, such as the current LIBOR forward curve. The credit spread, which is a 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 50 basis points (“bps”) and 40 bps at December 31, 2016 and 2015, 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%-30% 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 24.0% and 24.2% at December 31, 2016 and 2015, respectively. 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) at December 31, 2016 and 2015: Twelve Months Ended December 31, 2016 Twelve Months Ended GMWB GMIB SALB GMWB GMIB SALB Balance at beginning of period (a) $ 60,618 $ (61,426 ) $ 511 $ 60,702 $ (60,573 ) $ 504 Changes in interest rates (b) (4,179 ) 2,262 - (1,890 ) 979 - Changes in equity markets (b) (5,988 ) 12,560 218 9,182 (1,976 ) 7 Other (b) 3,963 (1,562 ) - (7,376 ) 144 - Balance at end of period (a) $ 54,414 $ (48,166) $ 729 $ 60,618 $ (61,426 ) $ 511 (a) GMWB and SALB are recorded as a component of future policy benefits on the Balance Sheets and GMIB reinsurance is recorded as recoverable of ceded GMIB embedded derivatives, at fair value on the Balance Sheets. (b) Recorded as a component of policy benefits in the Statements of Income (Loss). During 2016, the change in the fair value of the GMWB and GMIB reinsurance guarantees was primarily driven by changes in interest rates, equity market performance and mortality assumption updates. The fair value of the GMWB and GMIB reinsurance guarantees decreased due to an increase in interest rates by 11 basis points, an increase in own credit spread of 10 basis points and favorable equity returns. The decrease of the GMWB liability was partially offset by the mortality assumption update in the third quarter. During 2015, the change in the fair value of the GMWB and GMIB reinsurance guarantees was primarily driven by lower than expected equity market performance and updated policyholder behavior assumptions. During 2016 and 2015, the change in the SALB liability was due to an increase in fees collected. The following table provides a summary of the quantitative inputs and assumptions of the Company’s Level 3 assets and liabilities at December 31, 2016 and 2015: Description December 31, Estimated Fair Value Valuation Techniques Unobservable Inputs Range Assets Fixed maturity securities Asset-backed securities $ 9,215 Broker See comment below (a) See comment below (a) Future policy benefits (embedded derivatives) - GMIB Reinsurance 48,166 Discounted cash flows Own credit risk 50 Long-term volatility 25% - 30% Total assets $ 57,381 Liabilities Future policy benefits (embedded derivatives) - GMWB $ 54,414 Discounted cash flows Own credit risk 50 Long-term volatility 25% - 30% Future policy benefits - SALB 729 See comment below (b) See comment below (b) See comment below (b) Total liabilities $ 55,143 Description December 31, Valuation Techniques Unobservable Inputs Range Assets Fixed maturity securities Asset-backed securities $ 6,666 Broker See comment below (a) See comment below (a) Future policy benefits (embedded derivatives) - GMIB Reinsurance 61,426 Discounted cash flows Own credit risk 40 bps Long-term volatility 25% Total assets $ 68,092 Liabilities Future policy benefits (embedded derivatives) - GMWB $ 60,618 Discounted cash flows Own credit risk 40 bps Long-term volatility 25% Future policy benefits - SALB 511 See comment below (b) See comment below (b) See comment below (b) Total liabilities $ 61,129 (a) The Company has obtained non-binding broker quotes, which cannot be corroborated by market observable data, to assist in determining the fair values of the Level 3 asset-backed securities. The Company does not receive the unobservable inputs used by the broker but performs annual reviews to approve the use of brokers and obtains an asset specialist’s review of the broker’s price. (b) The SALB is a product with fewer than 150 policies. Due to the small size of this block, the liability was established based on the fees. The following table provides the estimated fair value of the Company’s assets not carried at fair value on the Balance Sheets at December 31, 2016 and 2015: December 31, 2016 Level 1 Level 2 Level 3 Total Assets Mortgage loans on real estate (a) $ - $ - $ 115,020 $ 115,020 Policy loans (b) - 632,834 - 632,834 Total assets $ - $ 632,834 $ 115,020 $ 747,854 December 31, 2015 Level 1 Level 2 Level 3 Total Assets Mortgage loans on real estate (a) $ - $ - $ 92,923 $ 92,923 Policy loans (b) - 661,466 - 661,466 Total assets $ - $ 661,466 $ 92,923 $ 754,389 (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 book value of policy loans approximates their fair value.

Investments

Investments	12 Months Ended
	Dec. 31, 2016
Investments	Fixed Maturity and Equity Securities The amortized cost/cost, gross unrealized gains and losses, estimated fair values and impairments reflected in OCI of investments in fixed maturity and equity AFS securities at December 31, 2016 and 2015 were: December 31, 2016 Gross Unrealized Estimated OTTI (a) Amortized Gains Losses Fair Value Fixed maturity AFS securities Corporate securities $ 859,028 $ 56,387 $ (3,564 ) $ 911,851 $ - Asset-backed securities 53,421 15 (849 ) 52,587 - Commercial mortgage-backed securities 75,396 1,706 (589 ) 76,513 - Residential mortgage-backed securities 92,943 4,004 (770 ) 96,177 (5) Municipals 909 - (53 ) 856 - Government and government agencies United States 295,581 45,798 - 341,379 - Foreign 6,509 1,165 - 7,674 - Total fixed maturity AFS securities $ 1,383,787 $ 109,075 $ (5,825 ) $ 1,487,037 $ (5) Equity AFS securities Banking securities $ 25,473 $ 1,721 $ (468 ) $ 26,726 $ - Industrial securities 5,791 34 - 5,825 - Total equity AFS securities $ 31,264 $ 1,755 $ (468 ) $ 32,551 $ - December 31, 2015 Gross Unrealized Estimated Amortized Gains Losses Fair Value OTTI (a) Fixed maturity AFS securities Corporate securities $ 977,900 $ 57,648 $ (18,756 ) $ 1,016,792 $ - Asset-backed securities 118,993 4,140 (479 ) 122,654 (42) Commercial mortgage-backed securities 70,083 1,904 (304 ) 71,683 - Residential mortgage-backed securities 56,527 2,819 (81 ) 59,265 - Municipals 913 - (106 ) 807 - Government and government agencies United States 339,686 46,634 (32 ) 386,288 - Foreign 6,591 1,257 - 7,848 - Total fixed maturity AFS securities $ 1,570,693 $ 114,402 $ (19,758 ) $ 1,665,337 $ (42) Equity AFS securities Banking securities $ 27,986 $ 1,769 $ (1,082 ) $ 28,673 $ - Industrial securities 5,791 203 - 5,994 - Total equity AFS securities $ 33,777 $ 1,972 $ (1,082 ) $ 34,667 $ - (a) Represents OTTI in AOCI, which were not included in earnings. Amount excludes $2,446 and $2,515 of unrealized gains at December 31, 2016 and December 31, 2015, 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 December 31, 2016 and 2015 were: December 31, 2016 December 31, 2015 Amortized Estimated Fair Value Amortized Estimated Fair Value Investment grade $ 1,294,978 $ 1,393,503 $ 1,467,677 $ 1,565,053 Below investment grade 88,809 93,534 103,016 100,284 Total fixed maturity AFS securities $ 1,383,787 $ 1,487,037 $ 1,570,693 $ 1,665,337 At December 31, 2016 and 2015, the estimated fair value of fixed maturity securities rated BBB-, which is the lowest investment grade rating given by rating agencies, was $65,730 and $79,958, respectively. 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 December 31, 2016 and 2015 by contractual maturities were: December 31, 2016 December 31, 2015 Amortized Estimated Fair Value Amortized Estimated Fair Value Fixed maturity AFS securities Due in one year or less $ 56,748 $ 57,489 $ 64,114 $ 65,086 Due after one year through five years 523,815 555,221 564,707 599,965 Due after five years through ten years 95,744 99,697 230,858 230,815 Due after ten years 485,720 549,354 465,410 515,868 $ 1,162,027 $ 1,261,761 $ 1,325,089 $ 1,411,734 Mortgage-backed securities and other asset-backed securities $ 221,760 $ 225,276 $ 245,604 $ 253,603 Total fixed maturity AFS securities $ 1,383,787 $ 1,487,037 $ 1,570,693 $ 1,665,337 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. The Company had investment securities with an estimated fair value of $13,371 and $14,629 that were deposited with insurance regulatory authorities at December 31, 2016 and 2015, respectively. 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 AOCI, net of taxes. The estimated fair value and gross unrealized losses and OTTI related to fixed maturity and equity AFS securities aggregated by length of time that individual securities have been in a continuous unrealized loss position at December 31, 2016 and 2015 were as follows: December 31, 2016 Estimated Amortized Gross (a) Less than or equal to six months Fixed maturity AFS securities Corporate securities $ 64,992 $ 66,625 $ (1,633 ) Asset-backed securities 30,729 31,253 (524 ) Commercial mortgage-backed securities 30,698 31,285 (587 ) Residential mortgage-backed securities 54,987 55,690 (703 ) Equity securities - banking securities 8,213 8,500 (287 ) Total fixed maturity and equity AFS securities $ 189,619 $ 193,353 $ (3,734 ) Greater than six months but less than or equal to one year Fixed maturity AFS securities Corporate securities $ 4,522 $ 4,863 $ (341 ) Asset-backed securities 879 1,000 (121 ) Commercial mortgage-backed securities 1,010 1,012 (2 ) Residential mortgage-backed securities 212 229 (17 ) Total fixed maturity and equity AFS securities $ 6,623 $ 7,104 $ (481 ) Greater than one year Fixed maturity AFS securities Corporate securities $ 19,541 $ 21,131 $ (1,590 ) Asset-backed securities 7,978 8,182 (204 ) Residential mortgage-backed securities 2,122 2,172 (50 ) Municipals 856 909 (53 ) Equity AFS securities - banking securities 1,615 1,796 (181 ) Total fixed maturity and equity AFS securities $ 32,112 $ 34,190 $ (2,078 ) Total fixed maturity and equity AFS securities $ 228,354 $ 234,647 $ (6,293 ) December 31, 2015 Estimated Amortized Gross (a) Less than or equal to six months Fixed maturity AFS securities Corporate securities $ 130,718 $ 139,846 $ (9,128 ) Asset-backed securities 59,051 59,312 (261 ) Commercial mortgage-backed securities 17,185 17,450 (265 ) Residential mortgage-backed securities 3,896 3,966 (70 ) Government and government agencies - United States 18,484 18,516 (32 ) Total fixed maturity and equity AFS securities $ 229,334 $ 239,090 $ (9,756 ) Greater than six months but less than or equal to one year Fixed maturity AFS securities Corporate securities $ 27,872 $ 30,597 $ (2,725 ) Asset-backed securities 455 463 (8 ) Commercial mortgage-backed securities 988 1,028 (40 ) Residential mortgage-backed securities 1,020 1,030 (10 ) Total fixed maturity and equity AFS securities $ 30,335 $ 33,118 $ (2,783 ) Greater than one year Fixed maturity AFS securities Corporate securities $ 8,628 15,531 $ (6,903 ) Asset-backed securities 4,788 4,999 (211 ) Residential mortgage-backed securities 39 40 (1 ) Municipals 808 912 (104 ) Equity AFS securities - banking securities 9,214 10,296 (1,082 ) Total fixed maturity and equity AFS securities $ 23,477 $ 31,778 $ (8,301 ) Total fixed maturity and equity AFS securities $ 283,146 $ 303,986 $ (20,840 ) (a) Subsequent unrealized gains (losses) on OTTI securities are included in OCI-OTTI. The total number of securities in an unrealized loss position was 81 and 133 at December 31, 2016 and 2015, respectively. The Company held 360 and 417 total securities at December 31, 2016 and 2015, respectively. The fair value, gross unrealized losses, the portion of OTTI recognized in OCI and number of securities with fair value declining below amortized cost by greater than 20% and 40% (continuous unrealized loss position) were as follows at December 31, 2016 and 2015: December 31, 2016 December 31, 2015 Estimated Gross (a) Number of Estimated Gross (a) Number of Decline 20% - 40% Less than or equal to six months $ - $ - - $ 6,182 $ (1,904 ) 2 Greater than six months but less than or equal to one year - - - 1,468 (532 ) 1 Greater than one year 1,375 (614 ) 1 3,722 (1,616 ) 2 Total $ 1,375 $ (614 ) 1 $ 11,372 $ (4,052 ) 5 Decline > 40% Less than or equal to six months $ - $ - - $ 2,950 $ (2,047 ) 1 Greater than one year - - - 2,407 (5,232 ) 3 Total $ - $ - - $ 5,357 $ (7,279 ) 4 (a) Subsequent unrealized gains (losses) on OTTI securities are included in OCI-OTTI. Unrealized gains (losses) incurred during 2016 and 2015 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. For fixed maturity AFS securities, the Company does not intend to sell them, nor is it more likely than not that the Company will be required to sell them before the recovery of its amortized cost basis, and the Company expects to recover the entire cost basis of the debt securities. In making the other-than-temporary impairment assessment, the Company also considered all available information relevant to the collectability of the security, including information about past events, current conditions, and reasonable and supportable forecasts, when developing the estimate of cash flows expected to be collected. Therefore, the Company determined that these fixed maturity AFS securities were not other-than-temporarily impaired. The components of net unrealized gains (losses) and OTTI included in AOCI, net of taxes, at December 31, 2016 and 2015 were as follows: December 31, 2016 2015 Assets Fixed maturity AFS securities $ 103,250 $ 94,644 Equity AFS securities 1,287 890 Cash flow hedges (1,224 ) 4,202 Value of business acquired (26,630 ) (21,812 ) $ 76,683 $ 77,924 Liabilities Income taxes - deferred $ (21,333 ) $ (21,333 ) $ (21,333 ) $ (21,333 ) Stockholder’s Equity Accumulated other comprehensive income, net of taxes $ 55,350 $ 56,591 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. There were no prepayment premiums collected during 2016. There were $335 of prepayment premiums collected for the twelve months ended December 31, 2015. Prepayment premiums are included in net realized investment gains (losses), excluding OTTI losses on securities in the Statements of Income (Loss). The Company does not accrue interest on loans ninety days past due. At December 31, 2016 and 2015, there were no commercial mortgage loans that had two or more payments delinquent. The fair values of mortgage loans on real estate are 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. The estimated fair value of the mortgages on commercial real estate at December 31, 2016 and 2015 was $115,020 and $92,923, respectively. 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 determined to be impaired for the excess carrying value of the loan over its estimated collateral value. There were no impaired mortgage loans at December 31, 2016 and 2015. For the portion of the mortgage loan portfolio without specific reserves, an allowance for credit losses is established. The change in the allowance for credit losses is reflected in net realized investment gains (losses), excluding OTTI on securities in the Statements of Income (Loss). The commercial mortgages are geographically diversified throughout the United States with the largest concentrations in Pennsylvania, California, Florida, Missouri, Washington, Georgia, Texas, Virginia, Minnesota, Oregon, New Hampshire and Utah, which account for approximately 89% of mortgage loans at December 31, 2016. The credit quality of commercial mortgage loans at December 31, was as follows: December 31, Commercial 2016 2015 AAA - AA $ 43,047 $ 31,835 A 55,269 49,084 BBB 17,970 9,090 BB - 2,983 Total mortgage loans on real estate $ 116,286 $ 92,992 Less: allowance for credit losses (78 ) (78 ) Total mortgage loans on real estate, net $ 116,208 $ 92,914 The credit quality of the commercial mortgage loans was determined based on an internal credit rating model that 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 a 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, an adequate allowance for credit losses has been established to cover those risks. Securities Lending The following table provides a summary of the securities lending program at December 31: December 31, 2016 2015 Payables for collateral under securities loaned $ 199,412 $ 194,537 Amortized cost of securities out on loan 166,942 162,698 Estimated fair value of securities out on loan 194,996 188,689 Reverse Repurchase Agreements The following table provides a summary of the reverse repurchase agreements at December 31: December 31, 2016 2015 Payables for reverse repurchase agreements $ 46,637 $ - Amortized cost of securities pledged 47,021 - Estimated fair value of securities pledged 46,401 - Dollar roll repurchase agreements allow the Company to earn a qualified yield while maintaining a strong liquidity position. During the third quarter of 2016, dollar roll balances increased as excess cash was available within the Company, while waiting for improved investment yields on longer term instruments. Collateral Maturities of Reverse Repurchase Agreements and Securities Lending Transactions The following tables provide a summary of maturities of collateral underlying reverse repurchase agreements and securities lending transactions at December 31: December 31, 2016 Overnight and Up to 30 days Total Reverse repurchase agreements Residential mortgage-backed securities $ - $ 46,401 $ 46,401 Total $ - $ 46,401 $ 46,401 Securities lending transactions U.S. Treasury and agency securities $ 144,705 $ - $ 144,705 Corporate securities 40,774 - 40,774 Equity securities - banking 9,517 - 9,517 Total $ 194,996 $ - $ 194,996 Total Borrowings $ 194,996 $ 46,401 $ 241,397 Gross amount of recognized liabilities for reverse repurchase agreements and securities lending on the Balance Sheets $ 246,049 December 31, 2015 Overnight and Up to 30 days Total Reverse repurchase agreements Residential mortgage-backed securities $ - $ - $ - Total $ - $ - $ - Securities lending transactions U.S. Treasury and agency securities $ 155,586 $ - $ 155,586 Corporate securities 19,786 - 19,786 Equity securities- banking 13,317 - 13,317 Total $ 188,689 $ - $ 188,689 Total Borrowings $ 188,689 $ - $ 188,689 Gross amount of recognized liabilities for reverse repurchase agreements and securities lending on the Balance Sheets $ 194,537 Derivatives and Hedge Accounting The following table presents the notional and fair value amounts of non-qualifying hedging instruments and cash flow hedges at December 31: Notional Fair Value December 31, December 31, Derivative Type 2016 2015 2016 2015 Non-qualifying hedges Short futures $ 25,157 $ 47,221 $ - $ - Long futures 55,071 51,573 - - Interest rate swaps 251,000 192,000 (2,799 ) (2,228 ) Variance swaps 540 675 (1,835 ) (1,525 ) Total return swaps 1,405,253 1,315,900 (16,487 ) (1,429 ) Options 2,002,850 587,046 24,525 11,055 Credit default swaps 210,000 210,000 1,311 65 Total non-qualifying hedges $ 3,949,871 $ 2,404,415 $ 4,715 $ 5,938 Cash flow hedges Interest rate swaps $ 49,883 $ 49,884 $ (3,002 ) $ 3,285 Total cash flow hedges $ 49,883 $ 49,884 $ (3,002 ) $ 3,285 Derivative Total $ 3,999,754 $ 2,454,299 $ 1,713 $ 9,223 The following table presents the net derivative gains (losses) recognized in the Statements of Income (Loss): Net Derivative Gains (Losses) Recognized In Income December 31, Derivative Type 2016 2015 2014 Short futures $ (4,578 ) $ (2,002 ) $ (7,819 ) Long futures (1,411 ) (1,029 ) - Variance swaps (3,659 ) (2,838 ) (5,118 ) Total return swaps (79,142 ) (36,481 ) (60,439 ) Options (puts and calls) (3,571 ) 7,650 - Interest rate swaps (566 ) (2,222 ) (77 ) Credit default swaps 2,689 (535 ) (2,700 ) Total $ (90,238 ) $ (37,457 ) $ (76,153 ) The net year to date derivative impact for 2016 resulted in a loss of $90,238, a decrease of $52,781 as compared to 2015, driven primarily by the impact of equity market performance on short positions in total return swaps and futures. The following table presents the maximum potential amount of future payments, credit rating, and maturity dates for the credit default swaps at December 31: Maximum Potential Future Payments Credit Rating Maturity Date Range Derivative Type December 31, 2016 Credit default swaps Corporate debt $ 120,000 A June 2017-December 2020 Sovereign debt 90,000 AA-A June 2017-December 2021 Credit default swaps total $ 210,000 Maximum Potential Future Payments Credit Rating Maturity Date Range Derivative Type December 31, 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 The following tables present the components of the gains (losses) on derivatives that qualify as cash flow hedges: Gains (Losses) Recognized in Net Realized Gains (Losses) Recognized in OCI on Derivatives (Effective Portion) Income on Derivatives (Ineffective Portion) December 31, December 31, 2016 2015 2014 2016 2015 2014 Interest rate swaps $ (5,427 ) $ 1,906 $ 483 $ 6 $ 5 $ (77 ) Total $ (5,427 ) $ 1,906 $ 483 $ 6 $ 5 $ (77 ) Gains (Losses) Reclassified from AOCI into Net investment Income (Effective Portion) December 31, 2016 2015 2014 Interest rate swaps $ (861 ) $ (99 ) $ (761 ) Total $ (861 ) $ (99 ) $ (761 ) All components of each derivative’s gain or loss were included in the assessment of hedge effectiveness. At December 31, 2016, the before-tax deferred net losses on derivatives recorded in AOCI that are expected to be reclassified to the Statements of Income (Loss) during the next twelve months are ($861). 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. 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 $5,276 and $4,136 at December 31, 2016 and 2015, respectively. Offsetting of Derivative 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 and liabilities at December 31, 2016 and 2015: Derivatives Subject to a Master Netting Arrangement or a Similar December 31, 2016 December 31, 2015 Assets Liabilities Assets Liabilities Gross estimated fair value of derivatives: OTC - Bilateral $ 37,344 $ 32,832 $ 37,985 $ 26,534 OTC - Cleared 1,678 4,477 140 2,368 Total gross estimated fair value of derivatives $ 39,022 $ 37,309 $ 38,125 $ 28,902 Amounts offset on the Balance Sheets Gross estimated fair value of derivatives: (1) OTC - Bilateral $ (18,014 ) $ (18,014 ) $ (15,687 ) $ (15,687 ) OTC - Cleared (1,678 ) (1,678 ) (140 ) (140 ) Cash collateral: (2), (3) OTC - Bilateral (2,804 ) - (11,405 ) - OTC - Cleared - (2,452 ) - - Estimated fair value of derivatives presented on the Balance Sheets $ 16,526 $ 15,165 $ 10,893 $ 13,075 Gross amounts not offset on the Balance Sheets Securities collateral: (4) OTC - Bilateral $ (15,222 ) $ (14,249 ) $ (8,158 ) $ (10,847 ) Net amount after application of master netting agreements and collateral $ 1,304 $ 916 $ 2,735 $ 2,228 (1) Estimated fair value of derivatives is limited to the amount that is subject to set-off. (2) The amount of cash collateral offset in the table above is limited to the net estimated fair value of derivatives after application of netting agreements. Cash collateral received for over-the-counter (“OTC”) OTC-Bilateral and OTC-Cleared derivatives is included in cash and cash equivalents, short-term investments, or in fixed maturity securities, and the obligation to return it, beyond what is being setoff, is included in payables for collateral under securities loaned, reverse repurchase agreements and derivatives. At December 31, 2016 and 2015, the Company received no excess cash collateral. (3) The receivable for the return of cash collateral provided to the counterparty, beyond what is being setoff, is included in other assets. The amount reported in the table above does not include initial margin on Exchange-Traded and OTC-Cleared derivatives. At December 31, 2016 and 2015, the Company had no excess cash collateral provided to counterparties that would be subject to the foregoing limitation. (4) Securities collateral received or pledged by the Company is held in separate custodial accounts and is not recorded on the Balance Sheets. The amount of securities collateral offset in the table above is limited to the net estimated fair value of derivatives after application of netting agreements and cash collateral. At December 31, 2016 and 2015, the Company received excess securities collateral with an estimated fair value of $395 and $1,102, respectively, for its OTC-bilateral derivatives, which are not included in the table above due to the foregoing limitation. At December 31, 2016 and 2015, the Company provided excess securities collateral with an estimated fair value of $1,878 and $5,592, respectively, for its OTC-Bilateral derivatives, which are not included in the table above due to the foregoing limitation. At December 31, 2016 and 2015, the Company also provided securities initial margin with an estimated fair value of $11,291 and $9,251, respectively, for its OTC-Cleared derivatives, which are not included in the table above. There were no other derivative assets or liabilities at December 31, 2016 and 2015 that were subject to offsetting. Net Investment Income Net investment income by source for the years ended December 31 was as follows: Net investment income 2016 2015 2014 Fixed maturity AFS securities $ 67,573 $ 70,495 $ 72,568 Equity securities 1,962 2,061 2,091 Limited partnerships (106 ) (778 ) 436 Mortgage loans on real estate 5,135 4,111 3,100 Policy loans on insurance contracts 34,037 35,435 36,765 Derivatives 6,818 4,631 4,478 Cash and cash equivalents 2,373 649 559 Other 375 234 351 Gross investment income $ 118,167 $ 116,838 $ 120,348 Less investment expenses (7,018 ) (4,654 ) (3,410 ) Net investment income $ 111,149 $ 112,184 $ 116,938 Realized Investment Gains (Losses) The Company considers fair value at the date of sale to be equal to the proceeds received. Proceeds and gross realized investment gains (losses) from the sale of AFS securities for the years ended December 31 were as follows: 2016 2015 2014 Proceeds $ 494,524 $ 226,843 $ 106,257 Gross realized investment gains 8,865 6,722 4,754 Gross realized investment losses (3,300 ) (3,119 ) (867 ) Proceeds on AFS securities sold at a realized loss 128,407 74,724 27,987 Net realized investment gains for the years ended December 31 were as follows: 2016 2015 2014 Fixed maturity AFS securities $ (231 ) $ 1,380 $ 3,753 Equity securities 585 350 30 Mortgage loans on real estate (1 ) 313 (1,997 ) Adjustment related to VOBA 105 (353 ) 842 Net realized investment gains $ 458 $ 1,690 $ 2,628 In 2016, 2015 and 2014, there were no impaired limited partnerships. There were no impaired mortgage loans at December 31, 2016 and 2015. There was one impaired mortgage loan during 2014 that was subsequently sold during 2014 for a $1,997 realized loss. OTTI 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 the non-credit portion of the OTTI loss was recognized in OCI, and the corresponding changes in such amounts at December 31, 2016 and 2015: December 31, 2016 2015 Balance at beginning of period $ (935 ) $ (185 ) Additional credit loss impairments recognized in the current period on securities previously impaired through OCI 121 109 Accretion of credit loss impairments previously recognized (1,226 ) (859 ) Balance at end of period $ (2,040 ) $ (935 ) The components of OTTI reflected in the Statements of Income (Loss) for the years ended December 31 were as follows: 2016 2015 2014 Gross OTTI losses on securities $ 5,213 $ 1,873 $ 104 Value of business acquired amortization (529 ) - - Net OTTI losses recognized in income $ 4,684 $ 1,873 $ 104 During 2016, the Company impaired its holding of a previously OCI impaired 2007 vintage RMBS due to an adverse change in cash flows, a public non-convertible bond due to liquidity concerns and low oil and natural gas prices, and a private non-convertible bond due to the company entering restructuring negotiations. During 2015, the Company impaired its holding of a previously OCI impaired 2006 vintage RMBS, a previously OCI impaired 2007 vintage RMBS and a public non-convertible bond due to adverse changes in cash flows. During 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 Policy Acquisition Costs ("DAC")	12 Months Ended
	Dec. 31, 2016
Value of Business Acquired ("VOBA"), Deferred Policy Acquisition Costs ("DAC")	VOBA The change in the carrying amount of VOBA for the years ended December 31 was as follows: 2016 2015 Balance at beginning of period $ 259,493 $ 268,079 Amortization expense (19,571 ) (22,478 ) Unlocking (12,909 ) 114 Adjustment related to realized gains on investments and OTTI 105 (353 ) Adjustment related to unrealized (gains) losses and OTTI on investments (4,819 ) 14,131 Balance at end of period $ 222,299 $ 259,493 During 2016 and 2015, the decrease in VOBA was primarily driven by positive gross profits due to favorable performance of Separate Accounts during the period which resulted in amortization. Annual mortality assumption updates and model changes recorded in the third quarter of 2016 resulted in an unlocking adjustment which decreased the VOBA asset. During 2016, the adjustments related to unrealized (gains) losses and OTTI on investments decreased VOBA as the result of net unrealized gains on AFS during the year compared to net unrealized losses in the prior year. The estimated future amortization of VOBA from 2017 to 2021 is as follows: 2017 $ 19,132 2018 17,913 2019 16,578 2020 15,317 2021 14,223 DAC The change in the carrying amount of DAC for the years ended December 31 was as follows: 2016 2015 Balance at beginning of period $ 37,500 $ 41,127 Capitalization 81 156 Amortization expense (5,207 ) (2,310 ) Unlocking 1,527 (1,473 ) Balance at end of period $ 33,901 $ 37,500 At December 31, 2016 and 2015, variable annuities accounted for the Company’s entire DAC asset. During 2016, the decrease in DAC was driven by positive gross profits due to favorable Separate Account and hedge performance, which resulted in amortization. Appreciation in equity markets during 2016 drove up gross profits resulting in higher amortization in 2016 compared to 2015. Annual assumption updates and model changes resulted in an unlocking adjustment, which increased the DAC asset in 2016 whereas the unlocking adjustment decreased DAC in 2015. For a complete discussion of the Company’s VOBA and DAC accounting policies, see Notes to Financial Statements, Note 1 Summary of Significant Accounting Policies.

Variable Contracts Containing G

Variable Contracts Containing Guaranteed Benefits	12 Months Ended
	Dec. 31, 2016
Variable Contracts Containing Guaranteed Benefits	Note 5. Variable Contracts Containing Guaranteed Benefits Variable Annuity Contracts Containing Guaranteed Benefits The Company has issued variable annuity contracts in which the Company may have contractually guaranteed to the contract owner a GMDB and/or an optional guaranteed living benefit provision. The living benefit provisions offered by the Company included a GMIB and a GMWB. Information regarding the general characteristics of each guaranteed benefit type is provided below: • In general, contracts containing GMDB provisions provide a death benefit equal to the greater of the GMDB or the contract value. Depending on the type of contract, the GMDB may equal: (1) contract deposits accumulated at a specified interest rate, (2) the contract value on specified contract anniversaries, (3) return of contract deposits, or (4) some combination of these benefits. Each benefit type is reduced for contract withdrawals. • In general, contracts containing GMIB provisions provide the option to receive a guaranteed future income stream upon annuitization. There is a waiting period of ten years from contract issue that must elapse before the GMIB provision can be exercised. • Contracts containing GMWB provisions provide the contract owner the ability to withdraw minimum annual payments regardless of the impact of market performance on the contract owner’s account value. In general, withdrawal percentages are based on the contract owner’s age at the time of the first withdrawal. The Company had the following variable annuity contracts containing guaranteed benefits at December 31: GMDB GMIB GMWB 2016 Net amount at risk (a) $ 741,564 $ 27,017 $ 8,106 Average attained age of contract owners 74 68 76 Weighted average period remaining until expected annuitization n/a - n/a 2015 Net amount at risk (a) $ 839,586 $ 21,371 $ 8,912 Average attained age of contract owners 71 66 75 Weighted average period remaining until expected annuitization n/a 1.7 Years n/a (a) Net amount at risk for GMDB is defined as the current GMDB in excess of the contract owners’ account balance at the Balance Sheet date. Net amount at risk for GMIB is defined as the present value of the minimum guaranteed annuity payments available to the contract owner in excess of the contract owners’ account balance at the Balance Sheet date. Net amount at risk for GMWB is defined as the difference between the maximum amount payable under the guarantee and the contract owners’ account balance at the Balance Sheet date. The Company records liabilities for contracts containing GMDB, GMIB and GMWB as a component of future policy benefits on the Balance Sheets and changes in the liabilities are included as a component of policy benefits in the Statements of Income (Loss). The changes in the variable annuity GMDB, GMIB and GMWB liabilities for the years ended December 31 were as follows: GMDB GMIB GMWB Balance, January 1, 2015 $ 112,095 $ 69,775 $ 60,702 Guaranteed benefits incurred 26,864 11,919 - Guaranteed benefits paid (25,063 ) (1,198 ) - Unlocking 17,482 14,552 - Change in fair value reserves - - (84 ) Balance, December 31, 2015 $ 131,378 $ 95,048 $ 60,618 Guaranteed benefits incurred 25,408 13,750 - Guaranteed benefits paid (23,432 ) (2,050 ) - Unlocking (20,371 ) (10,046 ) - Change in fair value reserves - - (6,204 ) Balance, December 31, 2016 $ 112,983 $ 96,702 $ 54,414 During 2016, the decrease in GMDB liabilities was driven primarily by higher market performance and favorable adjustments for assumption updates and model changes, which are reflected in unlocking, offset by increased benefits incurred over benefits paid. During 2015, the increase in GMDB liabilities was primarily driven by unfavorable unlocking adjustments for assumption updates and model changes. During 2016, the increase in GMIB liabilities was driven primarily by increased benefits incurred offset slightly by benefits paid and positive market performance offset by unfavorable adjustments for assumption updates and model changes, which are reflected in unlocking. During 2015, the increase in GMIB liabilities was driven by both increased benefits incurred along with favorable unlocking adjustments for assumption updates and model changes. During 2016, the decrease in GMWB liabilities was driven primarily by higher market performance and unfavorable adjustments for assumption changes, which are reflected in change in fair value reserves. At December 31, contract owners’ account balances by mutual fund class and by guaranteed benefit provisions were comprised as follows: Equity Bond Balanced Money Total 2016 GMDB only $ 1,303,816 $ 418,368 $ 341,637 $ 113,912 $ 2,177,733 GMDB and GMIB 793,764 263,157 91,138 147,951 1,296,010 GMDB and GMWB 284,597 118,392 1,862 89,015 493,866 GMWB only 117,273 47,229 1,165 35,748 201,415 GMIB only 73,648 25,106 1,570 28,838 129,162 No guaranteed benefit 16,553 5,738 1,108 12,232 35,631 Total $ 2,589,651 $ 877,990 $ 438,480 $ 427,696 $ 4,333,817 2015 GMDB only $ 1,313,314 $ 459,890 $ 367,161 $ 125,174 $ 2,265,539 GMDB and GMIB 831,162 273,085 105,572 169,148 1,378,967 GMDB and GMWB 299,298 117,689 1,876 108,445 527,308 GMWB only 124,192 47,519 1,239 43,771 216,721 GMIB only 75,495 24,642 1,587 32,336 134,060 No guaranteed benefit 16,060 5,600 610 12,906 35,176 Total $ 2,659,521 $ 928,425 $ 478,045 $ 491,780 $ 4,557,771 Variable Life Contracts Containing Guaranteed Benefits 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. At December 31, contract owners’ account balances by mutual fund class for contracts containing GMDB provisions were distributed as follows: Equity Bond Balanced Money Total 2016 GMDB only $ 515,295 $ 126,634 $ 578,880 $ 105,324 $ 1,326,133 2015 GMDB only $ 533,700 $ 135,117 $ 608,486 $ 105,591 $ 1,382,894 As the Company is a closed block of business, the decrease for each of the components above resulted from the overall decline in Separate Accounts balance.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Taxes	Note 6. Income Taxes The following is a reconciliation of the provision for income taxes based on income (loss) before federal income taxes, computed using the federal statutory rate versus the reported provision for income taxes for the years ended December 31: 2016 2015 2014 Provisions for income taxes computed at Federal statutory rate (35%) $ (7,498 ) $ 3,129 $ 13,635 Increase (decrease) in income taxes resulting from: Dividend received deduction (7,567 ) (6,622 ) (7,861 ) Tax credits (458 ) (302 ) (416 ) Valuation allowance on deferred tax assets 21,810 (1,497 ) (510 ) Provision to return adjustment (727 ) 498 558 State taxes (benefits) 211 (287 ) (92 ) Unrecognized tax benefits 987 363 110 Audit Adjustment (8,225 ) - - Other 462 - - Income tax provision $ (1,005) $ (4,718 ) $ 5,424 The effective tax rate was not meaningful for the years ended December 31, 2016, 2015 or 2014. Differences between the effective rate and the U.S. statutory rate of 35% principally were the result of the Separate Accounts DRD, the valuation allowance on net operating loss (“NOL”) carryforwards and unrecognized tax benefits. The Company provides for deferred income taxes resulting from temporary differences that arise from recording certain transactions in different years for income tax reporting purposes than for financial reporting purposes. 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. Deferred tax assets and liabilities at December 31 were as follows: December 31, 2016 2015 Deferred tax assets Tax DAC $ 14,992 $ 29,634 Net operating and capital loss carryforward 228,864 210,363 Intangible assets 29,824 34,942 Policyholder reserves 29,546 22,955 Tax credits 13,992 13,084 Other 1,714 1,528 Total deferred tax assets $ 318,932 $ 312,506 Valuation allowance (154,440 ) (130,946 ) Net deferred tax assets $ 164,492 $ 181,560 Deferred tax liabilities VOBA $ 95,150 $ 109,789 Policyholder reserves 20,106 26,740 Investments 48,660 45,139 Total deferred tax liabilities $ 163,916 $ 181,668 Total net deferred tax asset (liability) $ 576 $ (108) The income tax expense (benefit) consists of the following for the years ended December 31: December 31, 2016 2015 2014 Current federal income tax expense (benefit) $ (179 ) $ - $ 181 Current state income tax expense (benefit) (144 ) 9 - Deferred federal income tax expense (benefit) (1,150 ) (4,275 ) 5,385 Deferred state income tax expense (benefit) 468 (452 ) (142 ) Total income tax expense (benefit) $ (1,005 ) $ (4,718 ) $ 5,424 The income tax asset (liability) consists of the following at December 31: December 31, 2016 2015 Current federal income tax liability $ - $ (179 ) Current state income tax asset (liability) 1 (287 ) Deferred federal income tax liability - (1,620 ) Deferred state income tax asset 575 1,512 Net income tax asset (liability) $ 576 $ (574 ) At December 31, 2016 and 2015, the Company had a tax valuation allowance for deferred tax assets of $154,440 and $130,946, 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). 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 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 $4,391 (gross $12,547) and $3,404 (gross $9,727), respectively, that should not be recognized at December 31, 2016 and 2015, which primarily relate to uncertainty regarding the sustainability of certain deductions taken on the 2008-2015 U.S. Federal income tax returns. To the extent these unrecognized tax benefits are ultimately recognized, they will 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. During 2016, the Company modified its calculation of dividends that are eligible for the DRD. This resulted in recording a permanent tax benefit of $7,391 in the Company’s 2016 financial statements for years 2011-2015. This has been treated as a change in estimate. The impact on future years is not currently determinable. The components of the change in the unrecognized tax benefits were as follows at December 31: December 31, 2016 2015 Balance at beginning of period $ 3,404 $ 3,041 Additions for tax positions of prior years 987 363 Additions for tax positions of current year - 293 Reductions for tax positions of current year - (293 ) Balance at end of period $ 4,391 $ 3,404 At December 31, 2016 and 2015, the Company had a NOL carry forward for federal income tax purposes of $627,860 (net of the ASC 740 reduction of $12,547) and $577,762 (net of the ASC 740 reduction of $9,727), respectively, with a carry forward period of fifteen years that expires at various dates between 2023 and 2031. At both December 31, 2016 and 2015, the Company had a capital loss carry forward of $84 for federal income tax purposes with a carry forward period of five years that will expire in 2018. At December 31, 2016 and 2015, the Company had a foreign tax credit carry forward of $9,776 and $8,869, respectively, with a carry forward period of ten years that will expire at various dates up to 2026. Also, the Company has an Alternative Minimum Tax credit carry forward for federal income tax purposes of $4,216 at both December 31, 2016 and 2015, with an indefinite carry forward 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 December 31, 2016 or 2015. The Company recognized interest expense (income) of $74, $86 and less than ($1) at December 31, 2016, 2015 and 2014, respectively. The total interest payable balance as of December 31, 2016 and 2015 is $161 and $87, respectively. The Company records taxes on a separate company basis. For federal income tax purposes, the Company joins in a consolidated income tax return filing with its direct parent, TA Corp, 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 TA Corp 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 TA Corp. For the years ended December 31, 2016 and 2015 and 2014, the Company recognized capital contributions from (distributions to) TA Corp and contributions from AUSA in connection with the tax allocation agreement in the amount of ($13,381), $68,492 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 through 2015. An examination by the Internal Revenue Service 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	12 Months Ended
	Dec. 31, 2016
Accumulated Other Comprehensive Income	Note 7. Accumulated Other Comprehensive Income The changes in AOCI by component for the years ended December 31 were as follows: 2016 Unrealized Holding Unrealized Holding OCI Adjustments for Total Accumulated Beginning balance $ 95,533 $ 4,202 $ (43,144 ) $ 56,591 OCI before reclassifications 8,881 (6,288 ) (4,819 ) (2,226 ) Amounts reclassified from AOCI 124 861 - 985 Net current period OCI $ 9,005 $ (5,427 ) $ (4,819 ) $ (1,241 ) Tax expense (benefit) - - - - Total other comprehensive income (loss), net of taxes $ 9,005 $ (5,427 ) $ (4,819 ) $ (1,241 ) Ending balance, net of taxes $ 104,538 $ (1,225 ) $ (47,963 ) $ 55,350 2015 Unrealized Holding Unrealized Holding OCI Adjustments for Total Accumulated Beginning balance $ 164,221 $ 2,296 $ (57,275 ) $ 109,242 OCI before reclassifications (68,313 ) 1,807 14,131 (52,375 ) Amounts reclassified from AOCI (375 ) 99 - (276 ) Net current period OCI $ (68,688 ) $ 1,906 $ 14,131 $ (52,651 ) Tax expense (benefit) - - - - Total other comprehensive income (loss), net of taxes $ (68,688 ) $ 1,906 $ 14,131 $ (52,651 ) Ending balance, net of taxes $ 95,533 $ 4,202 $ (43,144 ) $ 56,591 2014 Unrealized Holding Unrealized Holding OCI Adjustments for Total Accumulated Beginning balance $ 88,640 $ 1,813 $ (50,750 ) $ 39,703 OCI before reclassifications 75,196 (278 ) (6,525 ) 68,393 Amounts reclassified from AOCI 385 761 - 1,146 Net current period OCI $ 75,581 $ 483 $ (6,525 ) $ 69,539 Tax expense (benefit) - - - - Total other comprehensive income (loss), net of taxes $ 75,581 $ 483 $ (6,525 ) $ 69,539 Ending balance, net of taxes $ 164,221 $ 2,296 $ (57,275 ) $ 109,242 The reclassifications out of AOCI for the years ended December 31 were as follows: Amounts Reclassified from AOCI Affected Line Item in the AOCI Components 2016 2015 2014 Presented Unrealized holding gains (losses) on AFS securities Available-for-sale securities $ (3 ) $ 484 $ (281 ) Net realized investment gains (losses) (121 ) (109 ) (104 ) Portion of OTTI previously recognized in OCI $ (124 ) $ 375 (385 ) Total Unrealized holding gains (losses) oncash flow hedges Interest rate swaps $ (861 ) $ (99 ) $ (761 ) Net investment income $ (861 ) $ (99 ) (761 ) Total Total amounts reclassified from AOCI $ (985 ) $ 276 $ (1,146 )

Stockholder's Equity and Statut

Stockholder's Equity and Statutory Accounting Principles	12 Months Ended
	Dec. 31, 2016
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) at December 31, 2016, 2015 and 2014 was $71,053, ($24,119) and $201,479, respectively. Statutory capital and surplus at December 31, 2016 and 2015 was $696,073 and $790,252, respectively. At December 31, 2016 and 2015, approximately $142,822 and $79,025, respectively, of stockholder’s equity was available for dividend distributions that would not require approval by the Arkansas Insurance Department, subject to the availability of unassigned surplus. During 2016, the Company paid a $75,000 dividend and a $88,341 return of capital to TA Corp. During 2015, the Company paid a $100,000 cash return of capital and received a $68,492 capital contribution from to AUSA. During 2014, the Company paid a $100,000 ordinary dividend and received a $179,029 capital contribution from AUSA. The NAIC utilizes the RBC adequacy monitoring system. The RBC calculates the amount of adjusted capital that a life insurance company should have based upon that company’s risk profile. At December 31, 2016 and 2015, based on the RBC formula, the Company’s total adjusted capital levels were significantly above the minimum amount of capital required to avoid regulatory action.

Reinsurance

Reinsurance	12 Months Ended
	Dec. 31, 2016
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 December 31, 2016, the Company had a reinsurance receivable of $166 and reinsurance payable of $203. At December 31, 2015, the Company had a net reinsurance receivable of $68. The Company did not have a reinsurance reserve at December 31, 2016 and 2015. At December 31, 2016, the Company had the following life insurance in force: Gross Ceded to Assumed Net amount Percentage Life insurance inforce $ 4,586,845 $ 160,455 $ 924 $ 4,427,314 0.02 % 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 a GMDB provision to the extent reinsurance capacity is available in the marketplace. The account values for variable annuity contracts containing GMIB provisions that were reinsured were 34% at both December 31, 2016 and 2015. The account values for variable annuity contracts containing GMDB provisions that were reinsured were 4% at both December 31, 2016 and 2015.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2016
Related Party Transactions	Note 10. Related Party Transactions At December 31, 2016, the Company had the following related party agreements in effect: The Company is party to a common cost allocation service agreement between TA Corp 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 related to services rendered. During 2016, 2015 and 2014, the Company incurred $10,223, $10,818 and $9,690, respectively, in expenses under this agreement. Charges attributable to this agreement are included in insurance, general and administrative expenses, net of amounts capitalized. The Company was party to intercompany short-term note receivable arrangements with its parent and affiliates at various times during the year. On June 18, 2016, the Company settled an intercompany short-term note receivable with AUSA for $25,000 with an interest rate of 0.13% that was entered into on June 19, 2015. On December 22, 2014, the Company settled an intercompany short-term note receivable with AUSA for $50,000 with an interest rate of 0.11% that was entered into on June 27, 2014. During 2016, 2015 and 2014, the Company accrued and/or received $31, $18, and $27 of interest, respectively. 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 2016, 2015 and 2014, the Company incurred $181, $149 and $89, respectively, under this agreement. Mortgage loan origination fees are included in investment expenses. AEGON USA Investment Management, LLC acts as a discretionary investment manager under an investment management agreement with the Company. During 2016, 2015 and 2014, the Company incurred $1,927, $1,709 and $1,770, 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. During 2016, 2015 and 2014, the Company incurred $24,501, $30,356 and $30,836, respectively, in expenses under this agreement. Charges attributable to this agreement are included in insurance, general and administrative expenses, 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 2016, 2015 and 2014, the Company incurred $320, $361 and $406, respectively, in expenses under this agreement. Charges attributable to these agreements are include in insurance, general and administrative expenses, net of amounts capitalized. 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 2016, 2015 and 2014, the Company received $2,199, $2,381 and $2,584, respectively, in revenue under this agreement. Revenue attributable to this agreement is included in policy charge revenue. The Company purchases and sells investments from/to 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 between affiliated companies for the years ended December 31, 2016, 2015 and 2014 were as follows: 2016 2015 2014 Investments purchased from affiliates: AFS fixed maturities $ - $ 30,356 $ 137,281 Mortgage loans on real estate - 4,000 - Limited partnerships 10,000 - 60,000 Investments sold to affiliates: AFS fixed maturities $ 89,820 $ 24,878 $ 24,844 Mortgage loans on real estate - - 2,038 Derivatives - 82 - 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.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies	Note 11. Commitments and Contingencies State insurance laws generally require that all life insurers who are licensed to transact business within a state become members of the state’s life insurance guaranty association. These associations have been established for the protection of contract owners from loss (within specified limits) as a result of the insolvency of an insurer. At the time insolvency occurs, the guaranty association assesses the remaining members of the association an amount sufficient to satisfy the insolvent insurer’s contract owner obligations (within specified limits). The Company has utilized public information to estimate the future assessments it will incur as a result of life insurance company insolvencies. At December 31, 2016 and 2015, the Company’s estimated liability for future guaranty fund assessments was $140 and $144. If future insolvencies occur, the Company’s estimated liability may not be sufficient to fund these insolvencies and the estimated liability may need to be adjusted. The Company regularly monitors public information regarding insurer insolvencies and adjusts its estimated liability as appropriate. In addition, the Company has a receivable for future premium tax deductions of $4,012 and $4,240 at December 31, 2016 and 2015, respectively. In the normal course of business, the Company is subject to various claims and assessments. If management believes that, based on available information, it is at least reasonably possible that a material loss (or additional material loss in excess of any accrual) will be incurred in connection with any legal actions other than claims proceedings, the Company discloses an estimate of the possible loss or range of loss, either individually or in the aggregate, as appropriate, if such an estimate can be made, or discloses that an estimate cannot be made. Based on the Company’s assessment as of December 31, 2016, no such disclosures were considered necessary. Legal and regulatory proceedings are subject to inherent uncertainties, and future events could change management’s assessment of the probability or estimated amount of potential losses from pending or threatened proceedings. Based on available information, it is the opinion of management that the ultimate resolution of pending or threatened legal and regulatory proceedings both individually and in the aggregate, will not result in losses having a material adverse effect on the Company’s financial position or liquidity at December 31, 2016. If management believes that, based on available information, it is at least reasonably possible that a material loss (or additional material loss in excess of any accrual) will be incurred in connection with any legal or regulatory proceedings, the Company discloses an estimate of the possible loss or range of loss, either individually or in the aggregate, as appropriate, if such an estimate can be made, or discloses that an estimate cannot be made. Based on the Company’s assessment at December 31, 2016, no such disclosures were considered necessary.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2016
Segment Information	Note 12. Segment Information The following tables summarize each business segment’s contribution to select Statements of Income (Loss) information for the years ended December 31: Annuity Life Total 2016 Net revenues (a) $ 51,632 $ 66,168 $ 117,800 Policy benefits (net of reinsurance recoveries) 16,823 48,244 65,067 Amortization (accretion) of VOBA 6,889 25,593 32,482 Income tax expense (benefit) (521 ) (484 ) (1,005 ) Net income (loss) (10,630 ) (9,897 ) (20,527 ) 2015 Net revenues (a) $ 114,666 $ 73,583 $ 188,249 Policy benefits (net of reinsurance recoveries) 68,984 36,262 105,246 Amortization (accretion) of VOBA 8,110 14,254 22,364 Income tax expense (benefit) (9,297 ) 4,579 (4,718 ) Net income (loss) (717 ) 14,375 13,658 2014 Net revenues (a) $ 91,381 $ 75,346 $ 166,727 Policy benefits (net of reinsurance recoveries) 38,893 38,984 77,877 Amortization (accretion) of VOBA 928 9,912 10,840 Income tax expense (benefit) (2,796 ) 8,220 5,424 Net Income (loss) 19,224 14,309 33,533 a) Net revenues include total revenues net of interest credited to policyholder liabilities. The following tables represent select Balance Sheet information at December 31: Total Assets Total 2016 Annuity $ 6,044,874 $ 567,814 Life Insurance 2,625,401 1,053,263 Total $ 8,670,275 $ 1,621,077 2015 Annuity $ 6,396,511 $ 609,363 Life Insurance 2,769,424 1,096,829 Total $ 9,165,935 $ 1,706,192

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Basis of Presentation	Basis of Presentation TALIC is a wholly owned subsidiary of TA Corp, which is an indirect wholly owned subsidiary of AEGON N.V., a limited liability share company organized under Dutch law. The Company was formerly a wholly owned subsidiary of AUSA which merged into TA Corp effective December 31, 2015. AEGON N.V. and its subsidiaries and joint ventures have life insurance and pension operations in over twenty countries in Europe, the Americas, and Asia and are also active in savings and investment operations, accident and health insurance, and general insurance and have limited banking operations in a number of these countries. The Company is a life insurance company that conducts its business primarily in the annuity markets and to a lesser extent in the life insurance markets of the financial services industry. The Company is domiciled in the State of Arkansas and is currently licensed to sell insurance and annuities in forty-nine states, the District of Columbia, the U.S. Virgin Islands and Guam.
Basis of Reporting	Basis of Reporting The accompanying financial statements have been prepared in conformity with United States GAAP. The Company also submits financial statements to insurance industry regulatory authorities, which are prepared on the basis of statutory accounting principles (“SAP”). The significant accounting policies and related judgments underlying the accompanying financial statements are summarized below.
Accounting Estimates and Assumptions	Accounting Estimates and Assumptions The preparation of financial statements in conformity to GAAP 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 investments (including derivatives), 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.
Investments	Investments Fixed maturity and equity securities The Company’s investments consist principally of fixed maturity and equity securities that are classified as AFS and are reported at estimated fair value. The fair values of fixed maturity and equity securities are determined by management after taking into consideration several sources of data. When available, the Company uses quoted market prices in active markets to determine the fair value of its investments. The Company’s valuation policy utilizes a pricing hierarchy which dictates that publicly available prices are initially sought from indices and third-party pricing services. In the event that pricing is not available from these sources, those securities are submitted to brokers to obtain quotes. If broker quotes are not available, then securities are priced using internal cash flow modeling techniques. These valuation methodologies commonly use reported trades, bids, offers, issuer spreads, benchmark yields, estimated prepayment speeds, and/or estimated cash flows. To understand the valuation methodologies used by third-party pricing services, the Company reviews and monitors their applicable methodology documents. Any changes to their methodologies are noted and reviewed for reasonableness. In addition, the Company performs periodic in-depth reviews of prices received from third-party pricing services. The objective for such reviews is to demonstrate that the Company can corroborate detailed information such as assumptions, inputs and methodologies used in pricing individual securities against documented pricing methodologies. Only third-party pricing services and brokers with a substantial presence in the market and with appropriate experience and expertise are used. Each month, the Company performs an analysis of the information obtained from third-party services and brokers to ensure that the information is reasonable and produces a reasonable estimate of fair value. The Company considers both qualitative and quantitative factors as part of this analysis, including but not limited to, recent transactional activity for similar fixed maturities, review of pricing statistics and trends, and consideration of recent relevant market events. Other controls and procedures over pricing received from indices, third-party pricing services, or brokers include validation checks such as review of exception reports that highlight significant price changes, stale prices or un-priced securities. In addition, the Company performs back testing on a sample basis. Back testing involves selecting a sample of securities trades and comparing the prices in those transactions to prices used for financial reporting. Significant variances between the price used for financial reporting and the transaction price are investigated to explain the cause of the difference. The Company’s portfolio of private placement securities is valued using a matrix pricing methodology. The pricing methodology is implemented in a third party service and indicates current spreads for securities based on weighted average life, credit rating and industry sector. On a monthly basis, the Company reviews the matrix to ensure the spreads are reasonable by comparing them to observed spreads for similar securities traded in the market. In order to account for the illiquid nature of these securities, illiquidity premiums are included in the valuation and are determined based upon the pricing of recent transactions in the private placement market as well as comparing the value of the privately offered security to a similar public security. The impact of the illiquidity premium to the overall valuation is less than 2% of the fair value. For fixed maturity securities, premiums are amortized to the earlier of the call or maturity date, discounts are accreted to the maturity date, and interest income is accrued daily. Amortization is recognized using the effective interest method. For equity securities, dividends are recognized on the ex-dividend date. Investment transactions are recorded on the trade date. Realized gains and losses on the sale or maturity of investments are determined on the basis of specific identification. Changes in the fair value of fixed maturity and equity securities deemed AFS are reported as a component of accumulated other comprehensive income (loss), net of taxes on the Balance Sheets and are not reflected in the Statements of Income (Loss) until a sale transaction occurs or when credit-related declines in estimated fair value are deemed other-than-temporary. Other-than-temporary impairments The Company regularly reviews each investment in its fixed maturity and equity AFS securities portfolio to evaluate the necessity of recording impairment losses for other-than-temporary declines in the fair value of investments. Management makes this determination through a series of discussions with the Company’s portfolio managers and credit analysts, and information obtained from external sources (i.e. company announcements, ratings agency announcements, or news wire services). For fixed maturity AFS securities, the Company also considers whether it is more likely than not that it will be required to sell the debt security before its anticipated recovery. The factors that may give rise to a potential OTTI include, but are not limited to, 1) certain credit-related events such as default of principal or interest payments by the issuer, 2) bankruptcy of issuer, 3) certain security restructurings, and 4) fair market value less than cost or amortized cost for an extended period of time. In the absence of a readily ascertainable market value, the estimated fair value on these securities represents management’s best estimate and is based on comparable securities and other assumptions as appropriate. Management bases this determination on the most recent information available. For equity securities, once management determines that a decline in the value of an AFS security is other-than-temporary, the cost basis of the equity security is reduced to its fair value, with a corresponding charge to earnings. Objective evidence of impairment of an investment in an equity instrument classified as AFS includes information about significant changes with an adverse effect that have taken place in the technological, market, economic or legal environment in which the issuer operates, that indicates that the cost of the investment in the equity instrument may not be recovered. As part of an ongoing process, the equity analysts actively monitor earnings releases, company fundamentals, new developments and industry trends for any signs of possible impairment. If an AFS equity security is impaired based upon the Company’s qualitative or quantitative impairment criteria, any further declines in the fair value at subsequent reporting dates are recognized as impairments. Therefore, at each reporting period, for an equity security that is determined to be impaired based upon the Company’s impairment criteria, an impairment is recognized for the difference between the fair value and the original cost basis, less any previously recognized impairments. For fixed maturity AFS securities, an OTTI must be recognized in earnings when an entity either a) has the intent to sell the debt security, or b) is more likely than not to be required to sell the debt security before its anticipated recovery. If the Company meets either of these criteria, the OTTI is recognized in earnings in an amount equal to the entire difference between the security’s amortized cost basis and its fair value at the balance sheet date. For fixed maturity AFS securities in unrealized loss positions that do not meet these criteria, the Company must analyze its ability to recover the amortized cost by comparing the net present value of projected future cash flows with the amortized cost of the security. The net present value is calculated by discounting the Company’s best estimate of projected future cash flows. If the net present value is less than the amortized cost of the investment, an OTTI is recorded. The OTTI is separated into two pieces: an amount representing the credit loss, where the present value of cash flows expected to be collected is less than the amortized cost basis of the security, and an amount related to all other factors (referred to as the non-credit portion). The credit loss is recognized in earnings and the non-credit loss is recognized in OCI, net of applicable taxes and value of business acquired. Management records subsequent changes in the estimated fair value (positive and negative) of fixed maturity AFS securities for which non-credit OTTI was previously recognized in OCI in “Net unrealized other-than-temporary impairments on securities.” Debt securities are monitored individually for impairments based on our asset specialists’ expectations of payment interruption. The probability of interruption is based on assessments of capital markets, funding needs and the liquidity profile of the issuer. Limited partnerships At December 31, 2016 and 2015, the Company had investments in three and two limited partnerships, respectively, that are not publicly traded. These partnerships are carried at estimated fair value. Management estimates the fair value of one partnership based on its review of the NAV statement provided to investors quarterly in arrears, plus cash activity through year end. Management estimates the fair value of one partnership based on its review of the underlying funds’ NAV statements, which include observable market inputs, one month in arrears, plus cash activity through year end. Management estimates the fair value of one partnership based on its review of the NAV statement which includes observable market inputs, one month in arrears, plus cash activity through year end. Mortgage Loans on Real Estate Mortgage loans on real estate are carried at unpaid principal balances adjusted for amortization of premiums and accretion of discounts and are net of valuation allowances and an allowance for credit losses. 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. Interest income is accrued on the principal balance of the loan based on the loan’s contractual interest rate. Premiums and discounts are amortized using the effective yield method over the life of the loan. Interest income and amortization of premiums and discounts are reported in net investment income along with mortgage loan fees, which are recorded as they are incurred. 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. When the Company determines that a loan is impaired, a valuation allowance is established for the excess carrying value of the loan over its estimated collateral value. Changing economic conditions impact the Company’s valuation of mortgage loans. Changing vacancies and rents are incorporated into the discounted cash flow analysis that the Company performs for monitored loans and may contribute to the establishment of (or an increase or decrease in) an allowance for losses. In addition, the Company continues to monitor the entire commercial mortgage loan portfolio to identify risk. Areas of emphasis are properties that have deteriorating credits or have experienced debt coverage reduction. Where warranted, the Company has established or increased loss reserves based upon this analysis. The Company does not accrue interest on loans ninety days past due. The Company also establishes an allowance for credit losses which is calculated by applying a percentage, based on risk rating and maturity, to the outstanding loan balance. The change in the valuation allowance and the allowance for credit losses is reflected in net realized investment gains (losses), excluding OTTI losses on securities in the Statements of Income (Loss). Policy loans Policy loans on insurance contracts are stated at unpaid principal balances. Due to the collateralized nature of policy loans, the Company believes that the fair value of policy loans approximates book value. Policy loans are funds provided to policyholders in return for a claim on the policy. The funds provided are limited to the cash surrender value of the underlying policy. Policy loans have a negligible default risk as the loans are fully collateralized by the value of the policy. Policy loans do not have a stated maturity and the balances and accrued interest are repaid either by the policyholder or with proceeds from the policy. Derivatives and Hedge Accounting The Company uses several types of derivatives to manage the capital market risk associated with the GMWB. Derivatives are primarily used by the Company to manage risk associated with interest rate or equity market risk or volatility. Freestanding derivatives are carried on 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 (Loss). 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 and during the periods covered by the accompanying financial statements, the Company has only had 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 OCI and reclassified into the Statements of Income (Loss) 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 (Loss). The Company has entered into cash flow hedging transactions on TIPS utilizing interest rate swaps to lengthen portfolio duration and to hedge the variability of cash flows due to changes in inflation. The Company recognizes hedge ineffectiveness gains (losses) from the difference of the change in fair value of the swap and the change in fair value of the underlying Treasury in net derivative gains (losses) in the Statements of Income (Loss). S&P futures contracts and interest rate futures contracts are used to hedge the equity risk and interest rate risk, respectively, 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 are recorded in net derivative gains (losses) in the Statements of Income (Loss). The Company uses variance swaps to hedge equity risk. The Company also enters 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 (Loss). The Company also writes 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, a payment equal to the notional amount of the contract, less any potential recoveries as determined by the underlying agreement, will be made by the Company to the counterparty to the swap, and recognized in net derivative gains (losses) in the Statements of Income (Loss). The Company enters into fixed-to-float and float-to-fixed interest rate swaps in order to hedge the interest rate risk on the underlying liability. The Company holds these contracts at fair value, and recognizes gains (losses) related to changes in fair value in net derivative gains (losses) in the Statements of Income (Loss). The Company also utilizes put and call options which serve to hedge the risk of equity market declines. The Company recognizes gains (losses) from the change in fair value of the options in net derivative gains (losses) in the Statements of Income (Loss). The Company’s GMWB dynamic program currently targets the following market sensitivities: first and second order equity exposure (Delta and Gamma); and first order interest rate exposure (Rho).
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand and on deposit and short-term investments with original maturities of three months or less. Cash and cash equivalents are primarily valued at amortized cost, which approximates fair value.
Checks Not Yet Presented for Payment	Checks Not Yet Presented for Payment The Company’s checks not yet presented for payment consists of checks written that have not yet cleared the Company’s bank accounts. The majority of the Company’s bank accounts are zero balance accounts that are funded at the time items clear against the account; therefore, the outstanding checks represent immediately payable liabilities. Because the recipients of these checks have generally not yet received payment, the Company classifies the outstanding checks as a liability on the Company’s Balance Sheets. Checks not yet presented for payment are classified in the cash flows from operating activities section of the Company’s Statements of Cash Flows.
Securities Lending	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 of the risks and rewards of asset ownership. The loaned securities are included in fixed maturity AFS securities on 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.
Reverse Repurchase Agreements	Reverse Repurchase Agreements The Company enters into dollar roll repurchase agreement transactions whereby the Company takes delivery of mortgage-backed securities (“MBS”) pools and sells them to a counterparty along with an agreement to repurchase substantially the same pools at some point in the future, typically one month forward. Dollar roll repurchase agreements are the only type of reverse repurchase agreement the Company enterers into at this time. These transactions are accounted for as collateralized borrowings, and the repurchase agreement liability is included on the Balance Sheets in payables for collateral under securities loaned, reverse repurchase agreements and derivatives. 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 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.
Value of Business Acquired	Value of Business Acquired 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 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, policyholder behavior, Separate Account performance, 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. For acquired annuity and variable life insurance contracts, VOBA is amortized in proportion to estimated gross profits arising principally from investment margins, mortality and expense margins, rider margins, and surrender charges, based on historical and anticipated future experience, which is updated periodically. Revisions in estimates result in changes to the amounts amortized in the reporting period in which the revisions are made and could result in the impairment of the asset and a charge to income if estimated future gross profits are less than the unamortized balance.
Deferred Policy Acquisition Costs	Deferred Policy Acquisition Costs 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 the group of acquired contracts. DAC are subject to recoverability testing at the time of the policy issuance and loss recognition testing at the end of each reporting period. DAC for variable annuities are 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 with necessary revisions applied against amortization to date. Changes in assumptions can have a significant impact on the amount of DAC reported and the related amortization patterns. In general, increases in the estimated Separate Accounts return and decreases in surrender or mortality assumptions increase the expected future profitability of the underlying business and may lower the rate of DAC amortization. Conversely, decreases in the estimated Separate Accounts returns and increases in surrender or mortality assumptions reduce the expected future profitability of the underlying business and may increase the rate of DAC amortization.
Deferred Sales Inducements	Deferred Sales Inducements The Company offered a sales inducement whereby the contract owner received a bonus that increases the initial account balance by an amount equal to a specified percentage of the contract owner’s additional 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. It is reasonably possible that estimates of future gross profits could be reduced in the future, resulting in a material reduction in the carrying amount of the DSI asset. The expense and the subsequent capitalization and amortization (accretion) are recorded as a component of policy benefits in the Statements of Income (Loss). For VOBA, DAC and DSI, the impact of revisions and assumptions to estimates on cumulative amortization is recorded as a charge or credit to current operations, commonly referred to as “unlocking.” Annually, the Company performs a comprehensive review of actuarial assumptions utilized in measuring insurance liabilities and expected gross profits used in amortizing VOBA, DAC and DSI. The assumptions include, but are not necessarily limited to, inputs such as mortality, policyholder behavior and expected future rates of returns on investments. As part of this review, the Company considers emerging experience, future expectations and other data, including any observable market data. These assumptions are updated and implemented in the third quarter of each year, unless a material change in experience, indicative of a long term trend, is observed during an interim period.
Goodwill	Goodwill Goodwill is the excess of the purchase price over the estimated fair value of net assets acquired. Goodwill and intangible assets with indefinite lives are not amortized, but are subject to impairment tests conducted annually, or more frequently when there is an impairment indicator. Impairment testing is performed using the fair value approach, which requires the use of estimates and judgment, at the Annuity reporting unit level. A reporting unit represents the operating segment which is the level at which the financial information is prepared and regularly reviewed by management. Goodwill is reviewed for indications of value impairment, with consideration given to financial performance and other relevant factors. In addition, certain events including a significant adverse change in legal factors or the business climate, an adverse action or assessment by a regulator, or unanticipated competition would cause the Company to review the carrying amounts of goodwill for impairment. When considered impaired, the carrying amounts are written down to fair value based primarily on discounted cash flows. The Company performed annual tests of goodwill at December 31, 2016, 2015, and 2014 and determined there was no impairment of goodwill because the fair value of the goodwill was substantially in excess of its carrying amount.
Separate Accounts	Separate Accounts The Company’s Separate Accounts consist of variable annuities and variable life insurance contracts, of which the assets and liabilities are legally segregated and reported as separate captions on the Balance Sheets. Separate Accounts are established in conformity with Arkansas State Insurance Law and are generally not chargeable with liabilities that arise from any other business of the Company. Separate Accounts assets may be subject to claims of the Company only to the extent the value of such assets exceeds Separate Accounts liabilities. The assets of the Separate Accounts are carried at the daily net asset value of the mutual funds in which they invest. Absent any contract provision wherein the Company guarantees either a minimum return or account value upon death or annuitization, the net investment income and net realized and unrealized gains and losses attributable to Separate Accounts assets supporting variable annuities and variable life insurance contracts accrue directly to the contract owner and are not reported as revenue in the Statements of Income (Loss). Mortality charges, guaranteed benefit fees, policy administration, maintenance and withdrawal charges associated with Separate Accounts products are included in policy charge revenue in the Statements of Income (Loss).
Policyholder Account Balances	Policyholder Account Balances The Company’s liability for policyholder account balances represents the contract value that has accrued to the benefit of policyholders as of the Balance Sheet date. The liability is generally equal to the accumulated account deposits plus interest credited less policyholders’ withdrawals and other charges assessed against the account balance. Interest-crediting rates for the Company’s fixed rate products are as follows: 2016 2015 Interest-sensitive life products 4.00% 4.00% Interest-sensitive deferred annuities 0.25% - 4.90% 0.25% - 4.90% These rates may be changed at the option of the Company after initial guaranteed rates expire, unless contracts are subject to minimum interest rate guarantees.
Future Policy Benefits	Future Policy Benefits Future policy benefits are actuarially determined liabilities, which are calculated to meet future obligations and are generally payable over an extended period of time. Principal assumptions used in the establishment of liabilities for future policy benefits are mortality, surrender rates, policy expenses, equity returns, interest rates, long-term volatility, own credit risk, utilization, and inflation. These estimates and assumptions are influenced by historical experience, current developments and anticipated market trends. Included within future policy benefits are liabilities for GMDB and GMIB provisions contained in the variable products that the Company has issued. The GMDB and GMIB liabilities are determined by projecting future expected guaranteed benefits under multiple scenarios for returns on Separate Accounts assets. The Company uses estimates for mortality and policyholder behavior assumptions based on actual and projected experience for each contract type. These estimates are consistent with the estimates used in the calculation of DAC. The Company regularly evaluates the assumptions used to establish these liabilities, as well as actual experience, and adjusts GMDB and GMIB liabilities with a related charge or credit to earnings (unlocking) if actual experience or evidence suggests that the assumptions should be revised. Future policy benefits also include liabilities, which can be either positive or negative, for contracts containing GMWB and SALB provisions based on the fair value of the underlying benefit. GMWB and GMIB reinsurance are treated as embedded derivatives and are required to be reported separately from the host contract. 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 are considered, including expected market rates of return, equity and interest rate volatility, credit spread, correlations of market returns, discount rates and actuarial assumptions. Currently, the Company does not hedge the risks associated with the SALB. The Company’s liability for future policy benefits consists of liabilities for immediate annuities and liabilities for certain guaranteed benefits contained in the variable insurance products the Company has issued. Liabilities for immediate annuities are equal to the present value of estimated future payments to or on behalf of policyholders, where the timing and amount of payment generally depends on policyholder mortality. Interest rates used in establishing these liabilities were in the range of 0.01% to 8.8% during both 2016 and 2015. See Notes to Financial Statements, Note 5 Variable Contracts Containing Guaranteed Benefits, for further discussion.
Revenue Recognition	Revenue Recognition Revenues for variable annuity contracts consist of policy charges for i) mortality and expense risks, ii) certain guaranteed benefits selected by the contract owner, iii) administration fees, iv) annual contract maintenance charges, and v) withdrawal charges assessed on contracts surrendered during the withdrawal charge period. Revenues for variable annuity contracts are recognized when policy charges are assessed or earned. Revenues for variable life insurance contracts consist of policy charges for i) mortality and expense risks, ii) cost of insurance fees, iii) amortization of front-end and deferred sales charges, and iv) withdrawal charges assessed on contracts surrendered during the withdrawal charge period. Revenues for variable life insurance contracts are recognized when policy charges are assessed or earned. Revenues for interest-sensitive annuity contracts (market value adjusted annuities, immediate annuities, and single premium deferred annuities) and interest-sensitive life insurance contracts (single premium whole life insurance) consist of i) investment income, ii) gains (losses) on the sale of invested assets, and iii) withdrawal charges assessed on contracts surrendered during the withdrawal charge period. Revenues for interest-sensitive annuity and life insurance contracts are recognized when investment income and investment sales are earned while revenues for contract charges are recognized when assessed or earned. 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.
Claims and Claims Settlement Expenses	Claims and Claims Settlement Expenses Liabilities for claims and claims settlement expenses equal the death benefit (plus accrued interest) for claims that have been reported to the Company but have not settled and an estimate, based upon prior experience, for unreported claims.
Insurance, General and Administrative Expenses	Insurance, General and Administrative Expenses Insurance, general and administrative expenses consist primarily of commissions resulting from the sale of the Company’s products. Also included are premium taxes and administrative expenses incurred as a result of the issue and maintenance of these products.
Income Taxes	Income Taxes 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 income taxes based on amounts that it believes it will ultimately owe. Inherent in the provision for income taxes are estimates regarding the realization of certain tax deductions and credits. Specific estimates include the realization of DRD and FTC. A portion of the Company’s investment income related to Separate Accounts business qualifies for the DRD and FTC. Information necessary to calculate these tax adjustments is typically not available until the following year. However, within the current year’s provision, management makes estimates regarding the future tax deductibility of these items. These estimates are primarily based on recent historic experience. The valuation allowance is related to the loss carry forwards, tax credits, and other deferred tax assets that, in the current judgment of management, are 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 future 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 amount of the deferred tax asset considered realizable, however, could be increased in the near term if estimates of future taxable income during the carry forward period are increased. The Company provides for income taxes on all transactions that have been recognized in the financial statements in accordance with GAAP guidance . The Company is subject to taxes on premiums and is exempt from state income taxes in most states. See Notes to Financial Statements, Note 6 Income Taxes, for further discussion.
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 through March 30, 2017 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.
Current Accounting Guidance	Current Accounting Guidance Accounting Standards Update (“ASU”) 2014-15, Presentation of the Financial Statements-Going Concern (ASU Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern 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 ASU 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) In May 2015, the FASB issued ASU 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent)
Future Accounting Guidance	Future Accounting Guidance ASU 2016-15, Statement of Cash Flow (Topic 230): Classification of Certain Cash Receipts and Cash Payments In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flow (Topic 230): Classification of Certain Cash Receipts and Cash Payments ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments Accounting Changes and Error Corrections (Topic 250) and Investments-Equity Method and Joint Ventures (Topic 323) ASU 2016-06, Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instrument In March 2016, the FASB issued ASU 2016-06, Derivatives and Hedging (Topic 815) Contingent Put and Call Options in Debt Instruments ASU 2016-05, Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations In March 2016, the FASB issued ASU 2016-05, Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships ASU 2016-01, Financial Instruments – Overall In January 2016, FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities ASU 2014-09, Revenue from Contracts with Customers (Topic 606) In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) Revenue Recognition Revenue from Contracts with Customers: Principal versus Agent Considerations (Reporting Revenue Gross versus Net) Revenue from Contracts with Customers: Identifying Performance Obligations and Licensing Revenue from Contracts with Customers: Narrow-Scope Improvements and Practical Expedients Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers Deferral of the Effective Date Accounting Changes and Error Corrections (Topic 250) and Investments-Equity Method and Joint Ventures (Topic 323)

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2016
Interest-Crediting Rates for Fixed Rate Products	Interest-crediting rates for the Company’s fixed rate products are as follows: 2016 2015 Interest-sensitive life products 4.00% 4.00% Interest-sensitive deferred annuities 0.25% - 4.90% 0.25% - 4.90%

Fair Value of Financial Instr24

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2016
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 December 31, 2016 and 2015: December 31, 2016 Level 1 Level 2 Level 3 Total Assets Fixed maturity available-for-sale (“AFS”) securities (a) Corporate securities $ - $ 911,851 $ - $ 911,851 Asset-backed securities - 43,372 9,215 52,587 Commercial mortgage-backed securities - 76,513 - 76,513 Residential mortgage-backed securities - 96,177 - 96,177 Municipals - 856 - 856 Government and government agencies United States 341,379 - - 341,379 Foreign 1,480 6,194 - 7,674 Total fixed maturity AFS securities $ 342,859 $ 1,134,963 $ 9,215 $ 1,487,037 Equity AFS securities (a) Banking securities $ - $ 26,726 $ - $ 26,726 Industrial securities - 5,825 - 5,825 Total equity AFS securities $ - $ 32,551 $ - $ 32,551 Cash equivalents (b) - 265,538 - 265,538 Derivative assets (c) - 16,526 - 16,526 Fair value recoverable of ceded GMIB embedded derivatives (d) - - 48,166 48,166 Investments measured at NAV (e) - - - 5,730,860 Total assets $ 342,859 $ 1,449,578 $ 57,381 $ 7,580,678 Liabilities Future policy benefits (embedded derivatives only) (f) $ - $ - $ 55,143 $ 55,143 Derivative liabilities (c) - 15,165 - 15,165 Total liabilities $ - $ 15,165 $ 55,143 $ 70,308 December 31, 2015 Level 1 Level 2 Level 3 Total Assets Fixed maturity AFS securities (a) Corporate securities $ - $ 1,016,792 $ - $ 1,016,792 Asset-backed securities - 115,988 6,666 122,654 Commercial mortgage-backed securities - 71,683 - 71,683 Residential mortgage-backed securities - 59,265 - 59,265 Municipals - 807 - 807 Government and government agencies United States 386,288 - - 386,288 Foreign 1,499 6,349 - 7,848 Total fixed maturity AFS securities $ 387,787 $ 1,270,884 $ 6,666 $ 1,665,337 Equity AFS securities (a) Banking securities $ - $ 28,673 $ - $ 28,673 Industrial securities - 5,994 - 5,994 Total equity AFS securities $ - $ 34,667 $ - $ 34,667 Cash equivalents (b) - 234,500 - 234,500 Derivative assets (c) - 10,893 - 10,893 Fair value recoverable of ceded GMIB embedded derivatives (d) - - 61,426 61,426 Investments measured at NAV (e) - - - 6,004,154 Total assets $ 387,787 $ 1,550,944 $ 68,092 $ 8,010,977 Liabilities Future policy benefits (embedded derivatives only) (f) $ - $ - $ 61,129 $ 61,129 Derivative liabilities (c) - 13,075 - 13,075 Total liabilities $ - $ 13,075 $ 61,129 $ 74,204 (a) The fair values of debt securities are determined by management after taking into consideration several sources of data. When available, the Company uses quoted market prices in active markets to determine the fair value of its debt securities. The Company’s valuation policy utilizes a pricing hierarchy that dictates that publicly available prices are initially sought from indices and third party pricing services. In the event that pricing is not available from these sources, those securities are submitted to brokers to obtain quotes. The majority of brokers’ quotes are non-binding. As part of the pricing process, the Company assesses the appropriateness of each quote (i.e., as to whether the quote is based on observable market transactions or not) to determine the most appropriate estimate of fair value. Lastly, securities are priced using internal cash flow modeling techniques. These valuation methodologies commonly use the following inputs: reported trades, bids, offers, issuer spreads, benchmark yields, estimated prepayment speeds, and/or estimated cash flows. Third-party pricing services and brokers will often determine prices using recently reported trades for identical or similar securities. The third-party pricing services and brokers make adjustments for the elapsed time from the trade date to the Balance Sheet date to take into account available market information. Lacking recently reported trades, third-party pricing services and brokers will use modeling techniques to determine a security price where expected future cash flows are developed based on the performance of the underlying collateral and discounted using an estimated market rate. Periodically, the Company performs an analysis of the inputs obtained from third-party pricing services and brokers to ensure that the inputs are reasonable and produce a reasonable estimate of fair value. The Company’s asset specialists and investment valuation specialists consider both qualitative and quantitative factors as part of this analysis. Several examples of analytical procedures performed include, but are not limited to, recent transactional activity for similar debt securities, review of pricing statistics and trends and consideration of recent relevant market events. Other controls and procedures over pricing received from indices, third-party pricing services, or brokers include validation checks, such as exception reports that highlight significant price changes, stale prices or un-priced securities. Following is additional discussion of the valuation methodologies for certain types of debt securities: Corporate debt securities Residential mortgage-backed securities (“RMBS”), commercial mortgage-backed securities (“CMBS”) and asset backed securities (“ABS”) Government and government agencies - Equity securities – (b) Cash equivalents are primarily valued at amortized cost, which approximates fair value. Operating cash is not included in the above table. (c) Level 2 derivatives include interest rate swaps, inflation swaps, variance swaps, total return swaps, and credit default swaps for which the Company utilized readily accessible quoted index levels and broker quotes. The fair value of interest rate swaps is calculated based on the change in the underlying floating rate curve measured using the London Inter-Bank Offered Rate (“LIBOR”) at the reporting date, as compared to the fixed leg of the swap. The fair value for inflation swaps is calculated as the difference between the consumer price index (or related readily accessible quoted inflation index level) at the reporting date and the last reset date, multiplied by the notional value of the swap. The fair value for variance swaps is calculated as the difference between the estimated volatility of the underlying S&P at maturity and the actual volatility of the underlying S&P 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. 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, which is modeled using an arbitrage free credit spread model. (d) The Company reinsures a portion of its variable annuity business that offer GMIB reinsurance. GMIB reinsurance contracts are treated as embedded derivatives since they contain payment provisions for net settlement and are therefore reported separately from the host contract. (e) Amounts are comprised of certain investments that are measured at fair value using the NAV per share (or its equivalent) as a practical expedient and have not been classified in the fair value hierarchy in accordance with Subtopic 820-10. These investments do not have lockup periods. December 31, 2016 December 31, 2015 Investment: Limited Partnerships Fair Value Unfunded Redemption Redemption Fair Value Unfunded Commitments Limited Partnership - Private Equity $ 1,759 $ - None None $ 2,116 $ - Limited Partnership - Hedge Funds 69,151 - Quarterly 60-65 days 61,373 - $ 70,910 $ - $ 63,489 $ - Separate Accounts 5,659,950 - None None 5,940,665 - Investments measured at NAV $ 5,730,860 $ - $ 6,004,154 $ - (f) The Company recognizes liabilities for contracts containing GMWB and SALB which are reported at fair value. The liabilities for the contracts containing GMWB are treated as embedded derivatives, which are required to be reported separately from the host contract. 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 the guarantees, their fair values are determined using stochastic techniques under a variety of market return, discount rate and actuarial assumptions. Since two 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.
Summary of Change in Fair Value of Level 3 Fixed Maturity AFS Securities	The following table provides a summary of the change in fair value of the Company’s Level 3 fixed maturity AFS securities at December 31, 2016 and 2015: Twelve Months Ended Twelve Months Ended Balance at beginning of period (a) $ 6,666 $ 8,474 Change in unrealized gains (losses) (b) (243 ) (376 ) Purchases 2,792 1,999 Sales (326 ) (126 ) Transfers into Level 3 2,113 2,049 Transfers out of Level 3 (1,954 ) (5,354 ) Net realized investment gains (c) 167 - Balance at end of period (a) $ 9,215 $ 6,666 (a) Recorded as a component of fixed maturity AFS securities on the Balance Sheets. (b) Recorded as a component of other comprehensive income (loss) in net unrealized holding gains (losses) on AFS securities arising during the period. (c) Recorded as a component of net realized investment gains (losses) for fixed maturity in the Statements of Income (Loss).
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) at December 31, 2016 and 2015: Twelve Months Ended December 31, 2016 Twelve Months Ended GMWB GMIB SALB GMWB GMIB SALB Balance at beginning of period (a) $ 60,618 $ (61,426 ) $ 511 $ 60,702 $ (60,573 ) $ 504 Changes in interest rates (b) (4,179 ) 2,262 - (1,890 ) 979 - Changes in equity markets (b) (5,988 ) 12,560 218 9,182 (1,976 ) 7 Other (b) 3,963 (1,562 ) - (7,376 ) 144 - Balance at end of period (a) $ 54,414 $ (48,166) $ 729 $ 60,618 $ (61,426 ) $ 511 (a) GMWB and SALB are recorded as a component of future policy benefits on the Balance Sheets and GMIB reinsurance is recorded as recoverable of ceded GMIB embedded derivatives, at fair value on the Balance Sheets. (b) Recorded as a component of policy benefits in the Statements of Income (Loss).
Summary of Quantitative Inputs and Assumptions Related to Level 3 Assets and Liabilities	The following table provides a summary of the quantitative inputs and assumptions of the Company’s Level 3 assets and liabilities at December 31, 2016 and 2015: Description December 31, Estimated Fair Value Valuation Techniques Unobservable Inputs Range Assets Fixed maturity securities Asset-backed securities $ 9,215 Broker See comment below (a) See comment below (a) Future policy benefits (embedded derivatives) - GMIB Reinsurance 48,166 Discounted cash flows Own credit risk 50 Long-term volatility 25% - 30% Total assets $ 57,381 Liabilities Future policy benefits (embedded derivatives) - GMWB $ 54,414 Discounted cash flows Own credit risk 50 Long-term volatility 25% - 30% Future policy benefits - SALB 729 See comment below (b) See comment below (b) See comment below (b) Total liabilities $ 55,143 Description December 31, Valuation Techniques Unobservable Inputs Range Assets Fixed maturity securities Asset-backed securities $ 6,666 Broker See comment below (a) See comment below (a) Future policy benefits (embedded derivatives) - GMIB Reinsurance 61,426 Discounted cash flows Own credit risk 40 bps Long-term volatility 25% Total assets $ 68,092 Liabilities Future policy benefits (embedded derivatives) - GMWB $ 60,618 Discounted cash flows Own credit risk 40 bps Long-term volatility 25% Future policy benefits - SALB 511 See comment below (b) See comment below (b) See comment below (b) Total liabilities $ 61,129 (a) The Company has obtained non-binding broker quotes, which cannot be corroborated by market observable data, to assist in determining the fair values of the Level 3 asset-backed securities. The Company does not receive the unobservable inputs used by the broker but performs annual reviews to approve the use of brokers and obtains an asset specialist’s review of the broker’s price. (b) The SALB is a product with fewer than 150 policies. Due to the small size of this block, the liability was established based on the fees.
Estimated Fair Value of Assets Not Carried at Fair Value on Balance Sheets	The following table provides the estimated fair value of the Company’s assets not carried at fair value on the Balance Sheets at December 31, 2016 and 2015: December 31, 2016 Level 1 Level 2 Level 3 Total Assets Mortgage loans on real estate (a) $ - $ - $ 115,020 $ 115,020 Policy loans (b) - 632,834 - 632,834 Total assets $ - $ 632,834 $ 115,020 $ 747,854 December 31, 2015 Level 1 Level 2 Level 3 Total Assets Mortgage loans on real estate (a) $ - $ - $ 92,923 $ 92,923 Policy loans (b) - 661,466 - 661,466 Total assets $ - $ 661,466 $ 92,923 $ 754,389 (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 book value of policy loans approximates their fair value.

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2016
Amortized Cost/Cost, Gross Unrealized Gains and Losses, Estimated Fair Values and Impairments Reflected in Other Comprehensive Income ("OCI") of Investments in Fixed Maturity and Equity Available-for-Sale Securities	The amortized cost/cost, gross unrealized gains and losses, estimated fair values and impairments reflected in OCI of investments in fixed maturity and equity AFS securities at December 31, 2016 and 2015 were: December 31, 2016 Gross Unrealized Estimated OTTI (a) Amortized Gains Losses Fair Value Fixed maturity AFS securities Corporate securities $ 859,028 $ 56,387 $ (3,564 ) $ 911,851 $ - Asset-backed securities 53,421 15 (849 ) 52,587 - Commercial mortgage-backed securities 75,396 1,706 (589 ) 76,513 - Residential mortgage-backed securities 92,943 4,004 (770 ) 96,177 (5) Municipals 909 - (53 ) 856 - Government and government agencies United States 295,581 45,798 - 341,379 - Foreign 6,509 1,165 - 7,674 - Total fixed maturity AFS securities $ 1,383,787 $ 109,075 $ (5,825 ) $ 1,487,037 $ (5) Equity AFS securities Banking securities $ 25,473 $ 1,721 $ (468 ) $ 26,726 $ - Industrial securities 5,791 34 - 5,825 - Total equity AFS securities $ 31,264 $ 1,755 $ (468 ) $ 32,551 $ - December 31, 2015 Gross Unrealized Estimated Amortized Gains Losses Fair Value OTTI (a) Fixed maturity AFS securities Corporate securities $ 977,900 $ 57,648 $ (18,756 ) $ 1,016,792 $ - Asset-backed securities 118,993 4,140 (479 ) 122,654 (42) Commercial mortgage-backed securities 70,083 1,904 (304 ) 71,683 - Residential mortgage-backed securities 56,527 2,819 (81 ) 59,265 - Municipals 913 - (106 ) 807 - Government and government agencies United States 339,686 46,634 (32 ) 386,288 - Foreign 6,591 1,257 - 7,848 - Total fixed maturity AFS securities $ 1,570,693 $ 114,402 $ (19,758 ) $ 1,665,337 $ (42) Equity AFS securities Banking securities $ 27,986 $ 1,769 $ (1,082 ) $ 28,673 $ - Industrial securities 5,791 203 - 5,994 - Total equity AFS securities $ 33,777 $ 1,972 $ (1,082 ) $ 34,667 $ - (a) Represents OTTI in AOCI, which were not included in earnings. Amount excludes $2,446 and $2,515 of unrealized gains at December 31, 2016 and December 31, 2015, 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 December 31, 2016 and 2015 were: December 31, 2016 December 31, 2015 Amortized Estimated Fair Value Amortized Estimated Fair Value Investment grade $ 1,294,978 $ 1,393,503 $ 1,467,677 $ 1,565,053 Below investment grade 88,809 93,534 103,016 100,284 Total fixed maturity AFS securities $ 1,383,787 $ 1,487,037 $ 1,570,693 $ 1,665,337
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 December 31, 2016 and 2015 by contractual maturities were: December 31, 2016 December 31, 2015 Amortized Estimated Fair Value Amortized Estimated Fair Value Fixed maturity AFS securities Due in one year or less $ 56,748 $ 57,489 $ 64,114 $ 65,086 Due after one year through five years 523,815 555,221 564,707 599,965 Due after five years through ten years 95,744 99,697 230,858 230,815 Due after ten years 485,720 549,354 465,410 515,868 $ 1,162,027 $ 1,261,761 $ 1,325,089 $ 1,411,734 Mortgage-backed securities and other asset-backed securities $ 221,760 $ 225,276 $ 245,604 $ 253,603 Total fixed maturity AFS securities $ 1,383,787 $ 1,487,037 $ 1,570,693 $ 1,665,337
Estimated Fair Value 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 and gross unrealized losses and OTTI related to fixed maturity and equity AFS securities aggregated by length of time that individual securities have been in a continuous unrealized loss position at December 31, 2016 and 2015 were as follows: December 31, 2016 Estimated Amortized Gross (a) Less than or equal to six months Fixed maturity AFS securities Corporate securities $ 64,992 $ 66,625 $ (1,633 ) Asset-backed securities 30,729 31,253 (524 ) Commercial mortgage-backed securities 30,698 31,285 (587 ) Residential mortgage-backed securities 54,987 55,690 (703 ) Equity securities - banking securities 8,213 8,500 (287 ) Total fixed maturity and equity AFS securities $ 189,619 $ 193,353 $ (3,734 ) Greater than six months but less than or equal to one year Fixed maturity AFS securities Corporate securities $ 4,522 $ 4,863 $ (341 ) Asset-backed securities 879 1,000 (121 ) Commercial mortgage-backed securities 1,010 1,012 (2 ) Residential mortgage-backed securities 212 229 (17 ) Total fixed maturity and equity AFS securities $ 6,623 $ 7,104 $ (481 ) Greater than one year Fixed maturity AFS securities Corporate securities $ 19,541 $ 21,131 $ (1,590 ) Asset-backed securities 7,978 8,182 (204 ) Residential mortgage-backed securities 2,122 2,172 (50 ) Municipals 856 909 (53 ) Equity AFS securities - banking securities 1,615 1,796 (181 ) Total fixed maturity and equity AFS securities $ 32,112 $ 34,190 $ (2,078 ) Total fixed maturity and equity AFS securities $ 228,354 $ 234,647 $ (6,293 ) December 31, 2015 Estimated Amortized Gross (a) Less than or equal to six months Fixed maturity AFS securities Corporate securities $ 130,718 $ 139,846 $ (9,128 ) Asset-backed securities 59,051 59,312 (261 ) Commercial mortgage-backed securities 17,185 17,450 (265 ) Residential mortgage-backed securities 3,896 3,966 (70 ) Government and government agencies - United States 18,484 18,516 (32 ) Total fixed maturity and equity AFS securities $ 229,334 $ 239,090 $ (9,756 ) Greater than six months but less than or equal to one year Fixed maturity AFS securities Corporate securities $ 27,872 $ 30,597 $ (2,725 ) Asset-backed securities 455 463 (8 ) Commercial mortgage-backed securities 988 1,028 (40 ) Residential mortgage-backed securities 1,020 1,030 (10 ) Total fixed maturity and equity AFS securities $ 30,335 $ 33,118 $ (2,783 ) Greater than one year Fixed maturity AFS securities Corporate securities $ 8,628 15,531 $ (6,903 ) Asset-backed securities 4,788 4,999 (211 ) Residential mortgage-backed securities 39 40 (1 ) Municipals 808 912 (104 ) Equity AFS securities - banking securities 9,214 10,296 (1,082 ) Total fixed maturity and equity AFS securities $ 23,477 $ 31,778 $ (8,301 ) Total fixed maturity and equity AFS securities $ 283,146 $ 303,986 $ (20,840 ) (a) Subsequent unrealized gains (losses) on OTTI securities are included in OCI-OTTI.
Fair Value, Gross Unrealized Losses, Other-Than-Temporary Impairments Recognized in Other Comprehensive Income and Number of Securities with Fair Value Declining Amortized Cost	The fair value, gross unrealized losses, the portion of OTTI recognized in OCI and number of securities with fair value declining below amortized cost by greater than 20% and 40% (continuous unrealized loss position) were as follows at December 31, 2016 and 2015: December 31, 2016 December 31, 2015 Estimated Gross (a) Number of Estimated Gross (a) Number of Decline 20% - 40% Less than or equal to six months $ - $ - - $ 6,182 $ (1,904 ) 2 Greater than six months but less than or equal to one year - - - 1,468 (532 ) 1 Greater than one year 1,375 (614 ) 1 3,722 (1,616 ) 2 Total $ 1,375 $ (614 ) 1 $ 11,372 $ (4,052 ) 5 Decline > 40% Less than or equal to six months $ - $ - - $ 2,950 $ (2,047 ) 1 Greater than one year - - - 2,407 (5,232 ) 3 Total $ - $ - - $ 5,357 $ (7,279 ) 4 (a) 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 AOCI, net of taxes, at December 31, 2016 and 2015 were as follows: December 31, 2016 2015 Assets Fixed maturity AFS securities $ 103,250 $ 94,644 Equity AFS securities 1,287 890 Cash flow hedges (1,224 ) 4,202 Value of business acquired (26,630 ) (21,812 ) $ 76,683 $ 77,924 Liabilities Income taxes - deferred $ (21,333 ) $ (21,333 ) $ (21,333 ) $ (21,333 ) Stockholder’s Equity Accumulated other comprehensive income, net of taxes $ 55,350 $ 56,591
Credit Quality of Commercial Mortgage Loans	The credit quality of commercial mortgage loans at December 31, was as follows: December 31, Commercial 2016 2015 AAA - AA $ 43,047 $ 31,835 A 55,269 49,084 BBB 17,970 9,090 BB - 2,983 Total mortgage loans on real estate $ 116,286 $ 92,992 Less: allowance for credit losses (78 ) (78 ) Total mortgage loans on real estate, net $ 116,208 $ 92,914
Maturities of Collateral Underlying Reverse Repurchase Agreements and Securities Lending Transactions	The following tables provide a summary of maturities of collateral underlying reverse repurchase agreements and securities lending transactions at December 31: December 31, 2016 Overnight and Up to 30 days Total Reverse repurchase agreements Residential mortgage-backed securities $ - $ 46,401 $ 46,401 Total $ - $ 46,401 $ 46,401 Securities lending transactions U.S. Treasury and agency securities $ 144,705 $ - $ 144,705 Corporate securities 40,774 - 40,774 Equity securities - banking 9,517 - 9,517 Total $ 194,996 $ - $ 194,996 Total Borrowings $ 194,996 $ 46,401 $ 241,397 Gross amount of recognized liabilities for reverse repurchase agreements and securities lending on the Balance Sheets $ 246,049 December 31, 2015 Overnight and Up to 30 days Total Reverse repurchase agreements Residential mortgage-backed securities $ - $ - $ - Total $ - $ - $ - Securities lending transactions U.S. Treasury and agency securities $ 155,586 $ - $ 155,586 Corporate securities 19,786 - 19,786 Equity securities- banking 13,317 - 13,317 Total $ 188,689 $ - $ 188,689 Total Borrowings $ 188,689 $ - $ 188,689 Gross amount of recognized liabilities for reverse repurchase agreements and securities lending on the Balance Sheets $ 194,537
Notional and Fair Value of Non-Qualifying Hedging Instruments and Cash Flow Hedges	The following table presents the notional and fair value amounts of non-qualifying hedging instruments and cash flow hedges at December 31: Notional Fair Value December 31, December 31, Derivative Type 2016 2015 2016 2015 Non-qualifying hedges Short futures $ 25,157 $ 47,221 $ - $ - Long futures 55,071 51,573 - - Interest rate swaps 251,000 192,000 (2,799 ) (2,228 ) Variance swaps 540 675 (1,835 ) (1,525 ) Total return swaps 1,405,253 1,315,900 (16,487 ) (1,429 ) Options 2,002,850 587,046 24,525 11,055 Credit default swaps 210,000 210,000 1,311 65 Total non-qualifying hedges $ 3,949,871 $ 2,404,415 $ 4,715 $ 5,938 Cash flow hedges Interest rate swaps $ 49,883 $ 49,884 $ (3,002 ) $ 3,285 Total cash flow hedges $ 49,883 $ 49,884 $ (3,002 ) $ 3,285 Derivative Total $ 3,999,754 $ 2,454,299 $ 1,713 $ 9,223
Net Derivative Gains (Losses) Recognized in Statements of Income (Loss)	The following table presents the net derivative gains (losses) recognized in the Statements of Income (Loss): Net Derivative Gains (Losses) Recognized In Income December 31, Derivative Type 2016 2015 2014 Short futures $ (4,578 ) $ (2,002 ) $ (7,819 ) Long futures (1,411 ) (1,029 ) - Variance swaps (3,659 ) (2,838 ) (5,118 ) Total return swaps (79,142 ) (36,481 ) (60,439 ) Options (puts and calls) (3,571 ) 7,650 - Interest rate swaps (566 ) (2,222 ) (77 ) Credit default swaps 2,689 (535 ) (2,700 ) Total $ (90,238 ) $ (37,457 ) $ (76,153 )
Maximum Potential Amount of Future Payments, Credit Rating and Maturity Dates for Credit Default Swaps	The following table presents the maximum potential amount of future payments, credit rating, and maturity dates for the credit default swaps at December 31: Maximum Potential Future Payments Credit Rating Maturity Date Range Derivative Type December 31, 2016 Credit default swaps Corporate debt $ 120,000 A June 2017-December 2020 Sovereign debt 90,000 AA-A June 2017-December 2021 Credit default swaps total $ 210,000 Maximum Potential Future Payments Credit Rating Maturity Date Range Derivative Type December 31, 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
Components of Gains or Losses on Derivatives that Qualify as Cash Flow Hedges	The following tables present the components of the gains (losses) on derivatives that qualify as cash flow hedges: Gains (Losses) Recognized in Net Realized Gains (Losses) Recognized in OCI on Derivatives (Effective Portion) Income on Derivatives (Ineffective Portion) December 31, December 31, 2016 2015 2014 2016 2015 2014 Interest rate swaps $ (5,427 ) $ 1,906 $ 483 $ 6 $ 5 $ (77 ) Total $ (5,427 ) $ 1,906 $ 483 $ 6 $ 5 $ (77 ) Gains (Losses) Reclassified from AOCI into Net investment Income (Effective Portion) December 31, 2016 2015 2014 Interest rate swaps $ (861 ) $ (99 ) $ (761 ) Total $ (861 ) $ (99 ) $ (761 )
Offsetting of Derivative Assets and Liabilities	The following tables present the offsetting of derivative assets and liabilities at December 31, 2016 and 2015: Derivatives Subject to a Master Netting Arrangement or a Similar December 31, 2016 December 31, 2015 Assets Liabilities Assets Liabilities Gross estimated fair value of derivatives: OTC - Bilateral $ 37,344 $ 32,832 $ 37,985 $ 26,534 OTC - Cleared 1,678 4,477 140 2,368 Total gross estimated fair value of derivatives $ 39,022 $ 37,309 $ 38,125 $ 28,902 Amounts offset on the Balance Sheets Gross estimated fair value of derivatives: (1) OTC - Bilateral $ (18,014 ) $ (18,014 ) $ (15,687 ) $ (15,687 ) OTC - Cleared (1,678 ) (1,678 ) (140 ) (140 ) Cash collateral: (2), (3) OTC - Bilateral (2,804 ) - (11,405 ) - OTC - Cleared - (2,452 ) - - Estimated fair value of derivatives presented on the Balance Sheets $ 16,526 $ 15,165 $ 10,893 $ 13,075 Gross amounts not offset on the Balance Sheets Securities collateral: (4) OTC - Bilateral $ (15,222 ) $ (14,249 ) $ (8,158 ) $ (10,847 ) Net amount after application of master netting agreements and collateral $ 1,304 $ 916 $ 2,735 $ 2,228 (1) Estimated fair value of derivatives is limited to the amount that is subject to set-off. (2) The amount of cash collateral offset in the table above is limited to the net estimated fair value of derivatives after application of netting agreements. Cash collateral received for over-the-counter (“OTC”) OTC-Bilateral and OTC-Cleared derivatives is included in cash and cash equivalents, short-term investments, or in fixed maturity securities, and the obligation to return it, beyond what is being setoff, is included in payables for collateral under securities loaned, reverse repurchase agreements and derivatives. At December 31, 2016 and 2015, the Company received no excess cash collateral. (3) The receivable for the return of cash collateral provided to the counterparty, beyond what is being setoff, is included in other assets. The amount reported in the table above does not include initial margin on Exchange-Traded and OTC-Cleared derivatives. At December 31, 2016 and 2015, the Company had no excess cash collateral provided to counterparties that would be subject to the foregoing limitation. (4) Securities collateral received or pledged by the Company is held in separate custodial accounts and is not recorded on the Balance Sheets. The amount of securities collateral offset in the table above is limited to the net estimated fair value of derivatives after application of netting agreements and cash collateral. At December 31, 2016 and 2015, the Company received excess securities collateral with an estimated fair value of $395 and $1,102, respectively, for its OTC-bilateral derivatives, which are not included in the table above due to the foregoing limitation. At December 31, 2016 and 2015, the Company provided excess securities collateral with an estimated fair value of $1,878 and $5,592, respectively, for its OTC-Bilateral derivatives, which are not included in the table above due to the foregoing limitation. At December 31, 2016 and 2015, the Company also provided securities initial margin with an estimated fair value of $11,291 and $9,251, respectively, for its OTC-Cleared derivatives, which are not included in the table above.
Net Investment Income by Source	Net investment income by source for the years ended December 31 was as follows: Net investment income 2016 2015 2014 Fixed maturity AFS securities $ 67,573 $ 70,495 $ 72,568 Equity securities 1,962 2,061 2,091 Limited partnerships (106 ) (778 ) 436 Mortgage loans on real estate 5,135 4,111 3,100 Policy loans on insurance contracts 34,037 35,435 36,765 Derivatives 6,818 4,631 4,478 Cash and cash equivalents 2,373 649 559 Other 375 234 351 Gross investment income $ 118,167 $ 116,838 $ 120,348 Less investment expenses (7,018 ) (4,654 ) (3,410 ) Net investment income $ 111,149 $ 112,184 $ 116,938
Proceeds and Gross Realized Investment Gains (Losses) from Sale of Available-for-Sale Securities	The Company considers fair value at the date of sale to be equal to the proceeds received. Proceeds and gross realized investment gains (losses) from the sale of AFS securities for the years ended December 31 were as follows: 2016 2015 2014 Proceeds $ 494,524 $ 226,843 $ 106,257 Gross realized investment gains 8,865 6,722 4,754 Gross realized investment losses (3,300 ) (3,119 ) (867 ) Proceeds on AFS securities sold at a realized loss 128,407 74,724 27,987
Net Realized Investment Gains	Net realized investment gains for the years ended December 31 were as follows: 2016 2015 2014 Fixed maturity AFS securities $ (231 ) $ 1,380 $ 3,753 Equity securities 585 350 30 Mortgage loans on real estate (1 ) 313 (1,997 ) Adjustment related to VOBA 105 (353 ) 842 Net realized investment gains $ 458 $ 1,690 $ 2,628
Credit Loss Impairments on Fixed Maturity Securities, Non-Credit Portion of 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 the non-credit portion of the OTTI loss was recognized in OCI, and the corresponding changes in such amounts at December 31, 2016 and 2015: December 31, 2016 2015 Balance at beginning of period $ (935 ) $ (185 ) Additional credit loss impairments recognized in the current period on securities previously impaired through OCI 121 109 Accretion of credit loss impairments previously recognized (1,226 ) (859 ) Balance at end of period $ (2,040 ) $ (935 )
Components of Other-Than-Temporary Impairments Reflected in Statements of Income (Loss)	The components of OTTI reflected in the Statements of Income (Loss) for the years ended December 31 were as follows: 2016 2015 2014 Gross OTTI losses on securities $ 5,213 $ 1,873 $ 104 Value of business acquired amortization (529 ) - - Net OTTI losses recognized in income $ 4,684 $ 1,873 $ 104
Securities lending agreements
Summary of Securities	The following table provides a summary of the securities lending program at December 31: December 31, 2016 2015 Payables for collateral under securities loaned $ 199,412 $ 194,537 Amortized cost of securities out on loan 166,942 162,698 Estimated fair value of securities out on loan 194,996 188,689
Reverse repurchase agreements
Summary of Securities	The following table provides a summary of the reverse repurchase agreements at December 31: December 31, 2016 2015 Payables for reverse repurchase agreements $ 46,637 $ - Amortized cost of securities pledged 47,021 - Estimated fair value of securities pledged 46,401 -

Value of Business Acquired ("26

Value of Business Acquired ("VOBA"), Deferred Policy Acquisition Costs ("DAC") (Tables)	12 Months Ended
	Dec. 31, 2016
Change in Carrying Amount of Value of Business Acquired	The change in the carrying amount of VOBA for the years ended December 31 was as follows: 2016 2015 Balance at beginning of period $ 259,493 $ 268,079 Amortization expense (19,571 ) (22,478 ) Unlocking (12,909 ) 114 Adjustment related to realized gains on investments and OTTI 105 (353 ) Adjustment related to unrealized (gains) losses and OTTI on investments (4,819 ) 14,131 Balance at end of period $ 222,299 $ 259,493
Estimated Future Amortization of Value of Business Acquired	The estimated future amortization of VOBA from 2017 to 2021 is as follows: 2017 $ 19,132 2018 17,913 2019 16,578 2020 15,317 2021 14,223
Change in Carrying Amount of Deferred Acquisition Costs	The change in the carrying amount of DAC for the years ended December 31 was as follows: 2016 2015 Balance at beginning of period $ 37,500 $ 41,127 Capitalization 81 156 Amortization expense (5,207 ) (2,310 ) Unlocking 1,527 (1,473 ) Balance at end of period $ 33,901 $ 37,500

Variable Contracts Containing27

Variable Contracts Containing Guaranteed Benefits (Tables)	12 Months Ended
	Dec. 31, 2016
Variable Annuity Contracts Containing Guaranteed Benefits	The Company had the following variable annuity contracts containing guaranteed benefits at December 31: GMDB GMIB GMWB 2016 Net amount at risk (a) $ 741,564 $ 27,017 $ 8,106 Average attained age of contract owners 74 68 76 Weighted average period remaining until expected annuitization n/a - n/a 2015 Net amount at risk (a) $ 839,586 $ 21,371 $ 8,912 Average attained age of contract owners 71 66 75 Weighted average period remaining until expected annuitization n/a 1.7 Years n/a (a) Net amount at risk for GMDB is defined as the current GMDB in excess of the contract owners’ account balance at the Balance Sheet date. Net amount at risk for GMIB is defined as the present value of the minimum guaranteed annuity payments available to the contract owner in excess of the contract owners’ account balance at the Balance Sheet date. Net amount at risk for GMWB is defined as the difference between the maximum amount payable under the guarantee and the contract owners’ account balance at the Balance Sheet date.
Changes in Variable Annuity Guaranteed Minimum Death Benefits, Guaranteed Minimum Income Benefits and Guaranteed Minimum Withdrawal Benefits Liabilities	The changes in the variable annuity GMDB, GMIB and GMWB liabilities for the years ended December 31 were as follows: GMDB GMIB GMWB Balance, January 1, 2015 $ 112,095 $ 69,775 $ 60,702 Guaranteed benefits incurred 26,864 11,919 - Guaranteed benefits paid (25,063 ) (1,198 ) - Unlocking 17,482 14,552 - Change in fair value reserves - - (84 ) Balance, December 31, 2015 $ 131,378 $ 95,048 $ 60,618 Guaranteed benefits incurred 25,408 13,750 - Guaranteed benefits paid (23,432 ) (2,050 ) - Unlocking (20,371 ) (10,046 ) - Change in fair value reserves - - (6,204 ) Balance, December 31, 2016 $ 112,983 $ 96,702 $ 54,414
Contract Owners' Account Balances by Mutual Fund Class and by Guaranteed Benefit Provisions	At December 31, contract owners’ account balances by mutual fund class and by guaranteed benefit provisions were comprised as follows: Equity Bond Balanced Money Total 2016 GMDB only $ 1,303,816 $ 418,368 $ 341,637 $ 113,912 $ 2,177,733 GMDB and GMIB 793,764 263,157 91,138 147,951 1,296,010 GMDB and GMWB 284,597 118,392 1,862 89,015 493,866 GMWB only 117,273 47,229 1,165 35,748 201,415 GMIB only 73,648 25,106 1,570 28,838 129,162 No guaranteed benefit 16,553 5,738 1,108 12,232 35,631 Total $ 2,589,651 $ 877,990 $ 438,480 $ 427,696 $ 4,333,817 2015 GMDB only $ 1,313,314 $ 459,890 $ 367,161 $ 125,174 $ 2,265,539 GMDB and GMIB 831,162 273,085 105,572 169,148 1,378,967 GMDB and GMWB 299,298 117,689 1,876 108,445 527,308 GMWB only 124,192 47,519 1,239 43,771 216,721 GMIB only 75,495 24,642 1,587 32,336 134,060 No guaranteed benefit 16,060 5,600 610 12,906 35,176 Total $ 2,659,521 $ 928,425 $ 478,045 $ 491,780 $ 4,557,771
Contract Owners' Account Balances by Mutual Fund Class for Contracts Containing Guaranteed Minimum Death Benefit Provisions	At December 31, contract owners’ account balances by mutual fund class for contracts containing GMDB provisions were distributed as follows: Equity Bond Balanced Money Total 2016 GMDB only $ 515,295 $ 126,634 $ 578,880 $ 105,324 $ 1,326,133 2015 GMDB only $ 533,700 $ 135,117 $ 608,486 $ 105,591 $ 1,382,894

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Reconciliation of Provision for Income Taxes Based on Income (Loss) Before Federal Income Taxes, Computed using Federal Statutory Rate Versus Reported Provision for Income Taxes	The following is a reconciliation of the provision for income taxes based on income (loss) before federal income taxes, computed using the federal statutory rate versus the reported provision for income taxes for the years ended December 31: 2016 2015 2014 Provisions for income taxes computed at Federal statutory rate (35%) $ (7,498 ) $ 3,129 $ 13,635 Increase (decrease) in income taxes resulting from: Dividend received deduction (7,567 ) (6,622 ) (7,861 ) Tax credits (458 ) (302 ) (416 ) Valuation allowance on deferred tax assets 21,810 (1,497 ) (510 ) Provision to return adjustment (727 ) 498 558 State taxes (benefits) 211 (287 ) (92 ) Unrecognized tax benefits 987 363 110 Audit Adjustment (8,225 ) - - Other 462 - - Income tax provision $ (1,005) $ (4,718 ) $ 5,424
Deferred Tax Assets and Liabilities	Deferred tax assets and liabilities at December 31 were as follows: December 31, 2016 2015 Deferred tax assets Tax DAC $ 14,992 $ 29,634 Net operating and capital loss carryforward 228,864 210,363 Intangible assets 29,824 34,942 Policyholder reserves 29,546 22,955 Tax credits 13,992 13,084 Other 1,714 1,528 Total deferred tax assets $ 318,932 $ 312,506 Valuation allowance (154,440 ) (130,946 ) Net deferred tax assets $ 164,492 $ 181,560 Deferred tax liabilities VOBA $ 95,150 $ 109,789 Policyholder reserves 20,106 26,740 Investments 48,660 45,139 Total deferred tax liabilities $ 163,916 $ 181,668 Total net deferred tax asset (liability) $ 576 $ (108)
Income Tax Expense (Benefit)	The income tax expense (benefit) consists of the following for the years ended December 31: December 31, 2016 2015 2014 Current federal income tax expense (benefit) $ (179 ) $ - $ 181 Current state income tax expense (benefit) (144 ) 9 - Deferred federal income tax expense (benefit) (1,150 ) (4,275 ) 5,385 Deferred state income tax expense (benefit) 468 (452 ) (142 ) Total income tax expense (benefit) $ (1,005 ) $ (4,718 ) $ 5,424
Income Tax Receivable (Payable)	The income tax asset (liability) consists of the following at December 31: December 31, 2016 2015 Current federal income tax liability $ - $ (179 ) Current state income tax asset (liability) 1 (287 ) Deferred federal income tax liability - (1,620 ) Deferred state income tax asset 575 1,512 Net income tax asset (liability) $ 576 $ (574 )
Components of Change in Unrecognized Tax Benefits	The components of the change in the unrecognized tax benefits were as follows at December 31: December 31, 2016 2015 Balance at beginning of period $ 3,404 $ 3,041 Additions for tax positions of prior years 987 363 Additions for tax positions of current year - 293 Reductions for tax positions of current year - (293 ) Balance at end of period $ 4,391 $ 3,404

Accumulated Other Comprehensi29

Accumulated Other Comprehensive Income (Tables)	12 Months Ended
	Dec. 31, 2016
Accumulated Other Comprehensive Income	The changes in AOCI by component for the years ended December 31 were as follows: 2016 Unrealized Holding Unrealized Holding OCI Adjustments for Total Accumulated Beginning balance $ 95,533 $ 4,202 $ (43,144 ) $ 56,591 OCI before reclassifications 8,881 (6,288 ) (4,819 ) (2,226 ) Amounts reclassified from AOCI 124 861 - 985 Net current period OCI $ 9,005 $ (5,427 ) $ (4,819 ) $ (1,241 ) Tax expense (benefit) - - - - Total other comprehensive income (loss), net of taxes $ 9,005 $ (5,427 ) $ (4,819 ) $ (1,241 ) Ending balance, net of taxes $ 104,538 $ (1,225 ) $ (47,963 ) $ 55,350 2015 Unrealized Holding Unrealized Holding OCI Adjustments for Total Accumulated Beginning balance $ 164,221 $ 2,296 $ (57,275 ) $ 109,242 OCI before reclassifications (68,313 ) 1,807 14,131 (52,375 ) Amounts reclassified from AOCI (375 ) 99 - (276 ) Net current period OCI $ (68,688 ) $ 1,906 $ 14,131 $ (52,651 ) Tax expense (benefit) - - - - Total other comprehensive income (loss), net of taxes $ (68,688 ) $ 1,906 $ 14,131 $ (52,651 ) Ending balance, net of taxes $ 95,533 $ 4,202 $ (43,144 ) $ 56,591 2014 Unrealized Holding Unrealized Holding OCI Adjustments for Total Accumulated Beginning balance $ 88,640 $ 1,813 $ (50,750 ) $ 39,703 OCI before reclassifications 75,196 (278 ) (6,525 ) 68,393 Amounts reclassified from AOCI 385 761 - 1,146 Net current period OCI $ 75,581 $ 483 $ (6,525 ) $ 69,539 Tax expense (benefit) - - - - Total other comprehensive income (loss), net of taxes $ 75,581 $ 483 $ (6,525 ) $ 69,539 Ending balance, net of taxes $ 164,221 $ 2,296 $ (57,275 ) $ 109,242
Reclassifications out of AOCI	The reclassifications out of AOCI for the years ended December 31 were as follows: Amounts Reclassified from AOCI Affected Line Item in the AOCI Components 2016 2015 2014 Presented Unrealized holding gains (losses) on AFS securities Available-for-sale securities $ (3 ) $ 484 $ (281 ) Net realized investment gains (losses) (121 ) (109 ) (104 ) Portion of OTTI previously recognized in OCI $ (124 ) $ 375 (385 ) Total Unrealized holding gains (losses) oncash flow hedges Interest rate swaps $ (861 ) $ (99 ) $ (761 ) Net investment income $ (861 ) $ (99 ) (761 ) Total Total amounts reclassified from AOCI $ (985 ) $ 276 $ (1,146 )

Reinsurance (Tables)

Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2016
Life Insurance Inforce	At December 31, 2016, the Company had the following life insurance in force: Gross Ceded to Assumed Net amount Percentage Life insurance inforce $ 4,586,845 $ 160,455 $ 924 $ 4,427,314 0.02 %

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2016
Affiliated Purchasing and Selling of Investments Between Affiliated Companies	The purchasing and selling of investments between affiliated companies for the years ended December 31, 2016, 2015 and 2014 were as follows: 2016 2015 2014 Investments purchased from affiliates: AFS fixed maturities $ - $ 30,356 $ 137,281 Mortgage loans on real estate - 4,000 - Limited partnerships 10,000 - 60,000 Investments sold to affiliates: AFS fixed maturities $ 89,820 $ 24,878 $ 24,844 Mortgage loans on real estate - - 2,038 Derivatives - 82 -

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2016
Business Segment's Contribution to Select Statements of Income (Loss) Information	The following tables summarize each business segment’s contribution to select Statements of Income (Loss) information for the years ended December 31: Annuity Life Total 2016 Net revenues (a) $ 51,632 $ 66,168 $ 117,800 Policy benefits (net of reinsurance recoveries) 16,823 48,244 65,067 Amortization (accretion) of VOBA 6,889 25,593 32,482 Income tax expense (benefit) (521 ) (484 ) (1,005 ) Net income (loss) (10,630 ) (9,897 ) (20,527 ) 2015 Net revenues (a) $ 114,666 $ 73,583 $ 188,249 Policy benefits (net of reinsurance recoveries) 68,984 36,262 105,246 Amortization (accretion) of VOBA 8,110 14,254 22,364 Income tax expense (benefit) (9,297 ) 4,579 (4,718 ) Net income (loss) (717 ) 14,375 13,658 2014 Net revenues (a) $ 91,381 $ 75,346 $ 166,727 Policy benefits (net of reinsurance recoveries) 38,893 38,984 77,877 Amortization (accretion) of VOBA 928 9,912 10,840 Income tax expense (benefit) (2,796 ) 8,220 5,424 Net Income (loss) 19,224 14,309 33,533 a) Net revenues include total revenues net of interest credited to policyholder liabilities.
Selected Balance Sheet Information	The following tables represent select Balance Sheet information at December 31: Total Assets Total 2016 Annuity $ 6,044,874 $ 567,814 Life Insurance 2,625,401 1,053,263 Total $ 8,670,275 $ 1,621,077 2015 Annuity $ 6,396,511 $ 609,363 Life Insurance 2,769,424 1,096,829 Total $ 9,165,935 $ 1,706,192

Summary of Significant Accoun33

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)PartnershipUnitStateCountry	Dec. 31, 2015USD ($)PartnershipUnit	Dec. 31, 2014USD ($)
Summary Of Significant Accounting Policies [Line Items]
Number of countries in which company operates | Country	20
Number of states in which company licensed to sell insurance and annuities | State	49
Number of limited partnerships in which the company had investments | PartnershipUnit	3	2
Minimum percentage of fair value of loaned securities	102.00%
Impairment of goodwill	$ 0	$ 0	$ 0
Loans 90 Days Past Due
Summary Of Significant Accounting Policies [Line Items]
Accrue interest	$ 0
Maximum
Summary Of Significant Accounting Policies [Line Items]
Percentage of value, impact of illiquidity premium to overall valuation	2.00%
Short-term investments with original maturities	3 months
Interest rates for future policy benefits liabilities	8.80%	8.80%
Minimum
Summary Of Significant Accounting Policies [Line Items]
Interest rates for future policy benefits liabilities	0.01%	0.01%

Interest -Crediting Rates for F

Interest -Crediting Rates for Fixed Rate Products (Detail)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Liability for Future Policy Benefit, by Product Segment [Line Items]
Interest-sensitive life products, interest-crediting rates	4.00%	4.00%
Deferred Annuities | Minimum
Liability for Future Policy Benefit, by Product Segment [Line Items]
Interest-sensitive deferred annuities, interest-crediting rates	0.25%	0.25%
Deferred Annuities | Maximum
Liability for Future Policy Benefit, by Product Segment [Line Items]
Interest-sensitive deferred annuities, interest-crediting rates	4.90%	4.90%

Hierarchy of Assets and Liabili

Hierarchy of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015
Assets
Fixed maturity available-for-sale securities, at estimated fair value		$ 1,487,037	$ 1,665,337
Equity available-for-sale securities		32,551	34,667
Derivative assets		16,526	10,893
Fair value recoverable of ceded GMIB embedded derivatives		48,166	61,426
Investments measured at NAV		5,730,860	6,004,154
Liabilities
Derivative liabilities		15,165	13,075
Corporate securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value		911,851	1,016,792
Asset-backed securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value		52,587	122,654
Commercial mortgage-backed securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value		76,513	71,683
Residential mortgage-backed securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value		96,177	59,265
Municipals
Assets
Fixed maturity available-for-sale securities, at estimated fair value		856	807
Government and government agencies - United States
Assets
Fixed maturity available-for-sale securities, at estimated fair value		341,379	386,288
Government and government agencies - Foreign
Assets
Fixed maturity available-for-sale securities, at estimated fair value		7,674	7,848
Banking securities
Assets
Equity available-for-sale securities		26,726	28,673
Industrial securities
Assets
Equity available-for-sale securities		5,825	5,994
Fair Value, Measurements, Recurring
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	1,487,037	1,665,337
Equity available-for-sale securities	[1]	32,551	34,667
Cash equivalents	[2]	265,538	234,500
Derivative assets	[3]	16,526	10,893
Fair value recoverable of ceded GMIB embedded derivatives	[4]	48,166	61,426
Investments measured at NAV	[5]	5,730,860	6,004,154
Total assets		7,580,678	8,010,977
Liabilities
Future policy benefits (embedded derivatives only)	[6]	55,143	61,129
Derivative liabilities	[3]	15,165	13,075
Total liabilities		70,308	74,204
Fair Value, Measurements, Recurring | Corporate securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	911,851	1,016,792
Fair Value, Measurements, Recurring | Asset-backed securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	52,587	122,654
Fair Value, Measurements, Recurring | Commercial mortgage-backed securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	76,513	71,683
Fair Value, Measurements, Recurring | Residential mortgage-backed securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	96,177	59,265
Fair Value, Measurements, Recurring | Municipals
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	856	807
Fair Value, Measurements, Recurring | Government and government agencies - United States
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	341,379	386,288
Fair Value, Measurements, Recurring | Government and government agencies - Foreign
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	7,674	7,848
Fair Value, Measurements, Recurring | Banking securities
Assets
Equity available-for-sale securities	[1]	26,726	28,673
Fair Value, Measurements, Recurring | Industrial securities
Assets
Equity available-for-sale securities	[1]	5,825	5,994
Level 1 | Fair Value, Measurements, Recurring
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	342,859	387,787
Total assets		342,859	387,787
Level 1 | Fair Value, Measurements, Recurring | Government and government agencies - United States
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	341,379	386,288
Level 1 | Fair Value, Measurements, Recurring | Government and government agencies - Foreign
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	1,480	1,499
Level 2 | Fair Value, Measurements, Recurring
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	1,134,963	1,270,884
Equity available-for-sale securities	[1]	32,551	34,667
Cash equivalents	[2]	265,538	234,500
Derivative assets	[3]	16,526	10,893
Total assets		1,449,578	1,550,944
Liabilities
Derivative liabilities	[3]	15,165	13,075
Total liabilities		15,165	13,075
Level 2 | Fair Value, Measurements, Recurring | Corporate securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	911,851	1,016,792
Level 2 | Fair Value, Measurements, Recurring | Asset-backed securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	43,372	115,988
Level 2 | Fair Value, Measurements, Recurring | Commercial mortgage-backed securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	76,513	71,683
Level 2 | Fair Value, Measurements, Recurring | Residential mortgage-backed securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	96,177	59,265
Level 2 | Fair Value, Measurements, Recurring | Municipals
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	856	807
Level 2 | Fair Value, Measurements, Recurring | Government and government agencies - Foreign
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	6,194	6,349
Level 2 | Fair Value, Measurements, Recurring | Banking securities
Assets
Equity available-for-sale securities	[1]	26,726	28,673
Level 2 | Fair Value, Measurements, Recurring | Industrial securities
Assets
Equity available-for-sale securities	[1]	5,825	5,994
Level 3 | Fair Value, Measurements, Recurring
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	9,215	6,666
Fair value recoverable of ceded GMIB embedded derivatives	[4]	48,166	61,426
Total assets		57,381	68,092
Liabilities
Future policy benefits (embedded derivatives only)	[6]	55,143	61,129
Total liabilities		55,143	61,129
Level 3 | Fair Value, Measurements, Recurring | Asset-backed securities
Assets
Fixed maturity available-for-sale securities, at estimated fair value	[1]	$ 9,215	$ 6,666
[1]	The fair values of debt securities are determined by management after taking into consideration several sources of data. When available, the Company uses quoted market prices in active markets to determine the fair value of its debt securities. The Company's valuation policy utilizes a pricing hierarchy that dictates that publicly available prices are initially sought from indices and third party pricing services. In the event that pricing is not available from these sources, those securities are submitted to brokers to obtain quotes. The majority of brokers' quotes are non-binding. As part of the pricing process, the Company assesses the appropriateness of each quote (i.e., as to whether the quote is based on observable market transactions or not) to determine the most appropriate estimate of fair value. Lastly, securities are priced using internal cash flow modeling techniques. These valuation methodologies commonly use the following inputs: reported trades, bids, offers, issuer spreads, benchmark yields, estimated prepayment speeds, and/or estimated cash flows. Third-party pricing services and brokers will often determine prices using recently reported trades for identical or similar securities. The third-party pricing services and brokers make adjustments for the elapsed time from the trade date to the Balance Sheet date to take into account available market information. Lacking recently reported trades, third-party pricing services and brokers will use modeling techniques to determine a security price where expected future cash flows are developed based on the performance of the underlying collateral and discounted using an estimated market rate. Periodically, the Company performs an analysis of the inputs obtained from third-party pricing services and brokers to ensure that the inputs are reasonable and produce a reasonable estimate of fair value. The Company's asset specialists and investment valuation specialists consider both qualitative and quantitative factors as part of this analysis. Several examples of analytical procedures performed include, but are not limited to, recent transactional activity for similar debt securities, review of pricing statistics and trends and consideration of recent relevant market events. Other controls and procedures over pricing received from indices, third-party pricing services, or brokers include validation checks, such as exception reports that highlight significant price changes, stale prices or un-priced securities. Following is additional discussion of the valuation methodologies for certain types of debt securities: Corporate debt securities - Valuations of corporate debt securities are monitored and reviewed on a monthly basis. The pricing hierarchy is dependent on the possibility of corroboration of market prices when available. If no market prices are available, valuations are determined by a discounted cash flow methodology using an internally calculated yield. The yield is comprised of a credit spread over a given benchmark, taking into effect liquidity risk for thinly traded securities. Residential mortgage-backed securities ("RMBS"), commercial mortgage-backed securities ("CMBS") and asset backed securities ("ABS") - Valuations of RMBS, CMBS and ABS are monitored and reviewed on a monthly basis. Valuations are based on a pricing hierarchy and, depending on the asset type, the pricing hierarchy consists of a waterfall that starts with making use of market prices from indices and follows with making use of third-party pricing services or brokers. The pricing hierarchy is dependent on the possibility of corroborating the market prices. If no market prices are available, the Company uses either internal models or another available pricing source to determine fair value. Significant inputs included in the internal models are generally determined based on relative value analyses, which incorporate comparisons to instruments with similar collateral and risk profiles. Market standard models may be used to model the specific collateral composition and cash flow structure of each transaction. The most significant unobservable input is the illiquidity premium, which is embedded in the discount rate. Government and government agencies - When available, the Company uses quoted market prices in active markets to determine the fair value of its government and government agencies' investments. When the Company cannot make use of quoted market prices, market prices from indices or quotes from third-party pricing services or brokers are used. Equity securities - Valuations of equity securities are monitored and reviewed on a monthly basis. When available, the Company uses quoted market prices in active markets to determine the fair value of its equity investments. When the Company cannot make use of quoted market prices, quotes from a third-party vendor, broker, or custodian are used.
[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 interest rate swaps, inflation swaps, variance swaps, total return swaps, and credit default swaps for which the Company utilized readily accessible quoted index levels and broker quotes. The fair value of interest rate swaps is calculated based on the change in the underlying floating rate curve measured using the London Inter-Bank Offered Rate ("LIBOR") at the reporting date, as compared to the fixed leg of the swap. The fair value for inflation swaps is calculated as the difference between the consumer price index (or related readily accessible quoted inflation index level) at the reporting date and the last reset date, multiplied by the notional value of the swap. The fair value for variance swaps is calculated as the difference between the estimated volatility of the underlying S&P at maturity and the actual volatility of the underlying S&P 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. 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, which is modeled using an arbitrage free credit spread model.
[4]	The Company reinsures a portion of its variable annuity business that offer GMIB reinsurance. GMIB reinsurance contracts are treated as embedded derivatives since they contain payment provisions for net settlement and are therefore reported separately from the host contract.
[5]	Amounts are comprised of certain investments that are measured at fair value using the NAV per share (or its equivalent) as a practical expedient and have not been classified in the fair value hierarchy in accordance with Subtopic 820-10. These investments do not have lockup periods. December 31, 2016 December 31, 2015 Investment: Limited Partnerships Fair Value Unfunded Commitments Redemption Frequency Redemption Notice Period Fair Value Unfunded Commitments Limited Partnership - Private Equity $ 1,759 $ - None None $ 2,116 $ - Limited Partnership - Hedge Funds 69,151 - Quarterly 60-65 days 61,373 - $ 70,910 $ - $ 63,489 $ - Separate Accounts 5,659,950 - None None 5,940,665 - Investments measured at NAV $ 5,730,860 $ - $ 6,004,154 $ -
[6]	The Company recognizes liabilities for contracts containing GMWB and SALB which are reported at fair value. The liabilities for the contracts containing GMWB are treated as embedded derivatives, which are required to be reported separately from the host contract. 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 the guarantees, their fair values are determined using stochastic techniques under a variety of market return, discount rate and actuarial assumptions. Since two 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 Liabi36

Hierarchy of Assets and Liabilities Measured at Fair Value on Recurring Basis (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments measured at NAV	$ 5,730,860	$ 6,004,154
Unfunded Commitments	0	0
Separate Accounts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments measured at NAV	5,659,950	5,940,665
Unfunded Commitments	$ 0	0
Redemption Frequency	None
Separate Accounts | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Redemption Notice Period	0 days
Separate Accounts | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Redemption Notice Period	0 days
Limited Partnership
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments measured at NAV	$ 70,910	63,489
Unfunded Commitments	0	0
Limited Partnership | Private Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments measured at NAV	1,759	2,116
Unfunded Commitments	$ 0	0
Redemption Frequency	None
Limited Partnership | Private Equity | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Redemption Notice Period	0 days
Limited Partnership | Private Equity | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Redemption Notice Period	0 days
Limited Partnership | Hedge Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments measured at NAV	$ 69,151	61,373
Unfunded Commitments	$ 0	$ 0
Redemption Frequency	Quarterly
Limited Partnership | Hedge Funds | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Redemption Notice Period	65 days
Limited Partnership | Hedge Funds | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Redemption Notice Period	60 days

Summary of Change in Fair Value

Summary of Change in Fair Value of Level 3 Fixed Maturity AFS Securities (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of period		$ 68,092
Balance at end of period		57,381	$ 68,092
Fixed maturity AFS securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at beginning of period	[1]	6,666	8,474
Change in unrealized gains (losses)	[2]	(243)	(376)
Purchases		2,792	1,999
Sales		(326)	(126)
Transfers into Level 3		2,113	2,049
Transfers out of Level 3		(1,954)	(5,354)
Net realized investment gains	[3]	167
Balance at end of period	[1]	$ 9,215	$ 6,666
[1]	Recorded as a component of fixed maturity AFS securities on the Balance Sheets.
[2]	Recorded as a component of other comprehensive income (loss) in net unrealized holding gains (losses) on AFS securities arising during the period.
[3]	Recorded as a component of net realized investment gains (losses) for fixed maturity in the Statements of Income (Loss).

Fair Value of Financial Instr38

Fair Value of Financial Instruments - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Measurement Inputs, Disclosure [Line Items]
Own credit risk	0.50%	0.40%
Long-term forward rate assumption, minimum	25.00%
Long-term forward rate assumption, maximum	30.00%
Market based implied volatility inputs	5 years
Increase in interest rate	0.11%
Increase in own credit risk	0.10%
Standard and Poor's Composite Stock Price Index, Year 20
Fair Value, Measurement Inputs, Disclosure [Line Items]
Long-term forward rate assumption	24.00%	24.20%

Summary of Changes in Fair Valu

Summary of Changes in Fair Value of Level 3 Liabilities (Assets) (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities, balance at beginning of period		$ 61,129
Liabilities, balance at end of period		55,143	$ 61,129
Assets, Balance at beginning of period		(68,092)
Assets, balance at end of period		(57,381)	(68,092)
GMIB
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets, Balance at beginning of period	[1]	(61,426)	(60,573)
Assets, balance at end of period	[1]	(48,166)	(61,426)
GMIB | Interest rates
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets, gain (loss) included in earnings	[2]	2,262	979
GMIB | Equity markets
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets, gain (loss) included in earnings	[2]	12,560	(1,976)
GMIB | Other
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets, gain (loss) included in earnings	[2]	(1,562)	144
GMWB
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities, balance at beginning of period	[1]	60,618	60,702
Liabilities, balance at end of period	[1]	54,414	60,618
GMWB | Interest rates
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities, gain (loss) included in earnings	[2]	(4,179)	(1,890)
GMWB | Equity markets
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities, gain (loss) included in earnings	[2]	(5,988)	9,182
GMWB | Other
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities, gain (loss) included in earnings	[2]	3,963	(7,376)
SALB
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities, balance at beginning of period	[1]	511	504
Liabilities, balance at end of period	[1]	729	511
SALB | Equity markets
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities, gain (loss) included in earnings	[2]	$ 218	$ 7
[1]	GMWB and SALB are recorded as a component of future policy benefits on the Balance Sheets and GMIB reinsurance is recorded as recoverable of ceded GMIB embedded derivatives, at fair value on the Balance Sheets.
[2]	Recorded as a component of policy benefits in the Statements of Income (Loss).

Summary of Quantitative Inputs

Summary of Quantitative Inputs and Assumptions of Level 3 Assets and Liabilities (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Estimated Fair Value		$ 57,381	$ 68,092
Future policy benefits (embedded derivatives), fair value		$ 55,143	$ 61,129
Own credit risk		0.50%	0.40%
Long-term volatility		25.00%
Long-term volatility		30.00%
Fixed maturity AFS securities
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Estimated Fair Value	[1]	$ 9,215	$ 6,666	$ 8,474
Fixed maturity AFS securities | Asset-backed securities
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Estimated Fair Value		9,215	6,666
GMIB
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Estimated Fair Value	[2]	48,166	61,426	60,573
GMWB
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Future policy benefits (embedded derivatives), fair value	[2]	54,414	60,618	60,702
SALB
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Future policy benefits (embedded derivatives), fair value	[2]	$ 729	$ 511	$ 504
Level 3 | Fixed maturity AFS securities | Asset-backed securities
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Valuation Technique		Broker
Level 3 | GMIB
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Valuation Technique		Discounted cash flows
Level 3 | GMIB | Weighted Average
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Own credit risk		50.00%	0.40%
Long-term volatility		25.00%
Long-term volatility			25.00%
Long-term volatility		30.00%
Level 3 | GMWB
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Valuation Technique		Discounted cash flows
Level 3 | GMWB | Weighted Average
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Own credit risk		50.00%	0.40%
Long-term volatility		25.00%
Long-term volatility			25.00%
Long-term volatility		30.00%
[1]	Recorded as a component of fixed maturity AFS securities on the Balance Sheets.
[2]	GMWB and SALB are recorded as a component of future policy benefits on the Balance Sheets and GMIB reinsurance is recorded as recoverable of ceded GMIB embedded derivatives, at fair value on the Balance Sheets.

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		Dec. 31, 2016	Dec. 31, 2015
Fair Value, Estimate Not Practicable, Financial Statement Captions [Line Items]
Assets		$ 747,854	$ 754,389
Mortgage loans on real estate
Fair Value, Estimate Not Practicable, Financial Statement Captions [Line Items]
Assets	[1]	115,020	92,923
Policy loans
Fair Value, Estimate Not Practicable, Financial Statement Captions [Line Items]
Assets	[2]	632,834	661,466
Level 2
Fair Value, Estimate Not Practicable, Financial Statement Captions [Line Items]
Assets		632,834	661,466
Level 2 | Policy loans
Fair Value, Estimate Not Practicable, Financial Statement Captions [Line Items]
Assets	[2]	632,834	661,466
Level 3
Fair Value, Estimate Not Practicable, Financial Statement Captions [Line Items]
Assets		115,020	92,923
Level 3 | Mortgage loans on real estate
Fair Value, Estimate Not Practicable, Financial Statement Captions [Line Items]
Assets	[1]	$ 115,020	$ 92,923
[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 book value of policy loans approximates their fair value.

Amortized Cost_Cost, Gross Unre

Amortized Cost/Cost, Gross Unrealized Gains and Losses, Estimated Fair Values and Impairments Reflected in Other Comprehensive Income ("OCI") of Investments in Fixed Maturity and Equity Available-for-Sale Securities (Detail) - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity available-for-sale securities, amortized cost		$ 1,383,787	$ 1,570,693
Gross Unrealized Gains		109,075	114,402
Gross Unrealized Losses		(5,825)	(19,758)
Fixed maturity available-for-sale securities, at estimated fair value		1,487,037	1,665,337
Gross Unrealized OTTI in AOCI	[1]	(5)	(42)
Equity available-for-sale securities, cost		31,264	33,777
Gross Unrealized Gains		1,755	1,972
Gross Unrealized Losses		(468)	(1,082)
Equity available-for-sale securities, at estimated fair value		32,551	34,667
Gross Unrealized OTTI in AOCI	[1]	0	0
Banking securities
Schedule of Available-for-sale Securities [Line Items]
Equity available-for-sale securities, cost		25,473	27,986
Gross Unrealized Gains		1,721	1,769
Gross Unrealized Losses		(468)	(1,082)
Equity available-for-sale securities, at estimated fair value		26,726	28,673
Gross Unrealized OTTI in AOCI	[1]	0	0
Industrial securities
Schedule of Available-for-sale Securities [Line Items]
Equity available-for-sale securities, cost		5,791	5,791
Gross Unrealized Gains		34	203
Equity available-for-sale securities, at estimated fair value		5,825	5,994
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		859,028	977,900
Gross Unrealized Gains		56,387	57,648
Gross Unrealized Losses		(3,564)	(18,756)
Fixed maturity available-for-sale securities, at estimated fair value		911,851	1,016,792
Asset-backed securities
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity available-for-sale securities, amortized cost		53,421	118,993
Gross Unrealized Gains		15	4,140
Gross Unrealized Losses		(849)	(479)
Fixed maturity available-for-sale securities, at estimated fair value		52,587	122,654
Gross Unrealized OTTI in AOCI	[1]		(42)
Commercial mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity available-for-sale securities, amortized cost		75,396	70,083
Gross Unrealized Gains		1,706	1,904
Gross Unrealized Losses		(589)	(304)
Fixed maturity available-for-sale securities, at estimated fair value		76,513	71,683
Residential mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity available-for-sale securities, amortized cost		92,943	56,527
Gross Unrealized Gains		4,004	2,819
Gross Unrealized Losses		(770)	(81)
Fixed maturity available-for-sale securities, at estimated fair value		96,177	59,265
Gross Unrealized OTTI in AOCI	[1]	(5)
Municipals
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity available-for-sale securities, amortized cost		909	913
Gross Unrealized Losses		(53)	(106)
Fixed maturity available-for-sale securities, at estimated fair value		856	807
Government and government agencies - United States
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity available-for-sale securities, amortized cost		295,581	339,686
Gross Unrealized Gains		45,798	46,634
Gross Unrealized Losses			(32)
Fixed maturity available-for-sale securities, at estimated fair value		341,379	386,288
Government and government agencies - Foreign
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity available-for-sale securities, amortized cost		6,509	6,591
Gross Unrealized Gains		1,165	1,257
Fixed maturity available-for-sale securities, at estimated fair value		$ 7,674	$ 7,848
[1]	Represents OTTI in AOCI, which were not included in earnings. Amount excludes $2,446 and $2,515 of unrealized gains at December 31, 2016 and December 31, 2015, respectively.

Amortized Cost_Cost, Gross Un43

Amortized Cost/Cost, Gross Unrealized Gains and Losses, Estimated Fair Values and Impairments Reflected in Other Comprehensive Income ("OCI") of Investments in Fixed Maturity and Equity Available-for-Sale Securities (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Unrealized gains	$ 2,446	$ 2,515

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	Dec. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity available-for-sale securities, amortized cost	$ 1,383,787	$ 1,570,693
Fixed maturity available-for-sale securities, at estimated fair value	1,487,037	1,665,337
Investment grade
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity available-for-sale securities, amortized cost	1,294,978	1,467,677
Fixed maturity available-for-sale securities, at estimated fair value	1,393,503	1,565,053
Below investment grade
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity available-for-sale securities, amortized cost	88,809	103,016
Fixed maturity available-for-sale securities, at estimated fair value	$ 93,534	$ 100,284

Investments - Additional Inform

Investments - Additional Information (Detail) $ in Thousands		12 Months Ended
		Dec. 31, 2016USD ($)InvestmentLoanMortgageLoan	Dec. 31, 2015USD ($)InvestmentLoanMortgageLoan	Dec. 31, 2014USD ($)Loan
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity available-for-sale securities, at estimated fair value		$ 1,487,037	$ 1,665,337
Net derivative losses		(90,238)	(37,457)	$ (76,153)
Decrease in derivatives		52,781
Other financial assets, subject to offsetting		1,304	2,735
Other financial liabilities, subject to offsetting		916	2,228
Net realized investment gains (losses)		458	1,690	2,628
Other Financial Liabilities
Schedule of Available-for-sale Securities [Line Items]
Other financial liabilities, subject to offsetting		0	0
Other Financial Assets
Schedule of Available-for-sale Securities [Line Items]
Other financial assets, subject to offsetting		$ 0	0
Commercial mortgage loans
Schedule of Available-for-sale Securities [Line Items]
Concentrations of mortgage loans		89.00%
Mortgage loans on real estate
Schedule of Available-for-sale Securities [Line Items]
Net realized investment gains (losses)		$ (1)	313	$ (1,997)
Estimate of Fair Value, Fair Value Disclosure
Schedule of Available-for-sale Securities [Line Items]
Assets		$ 747,854	$ 754,389
Estimate of Fair Value, Fair Value Disclosure | Mortgage loans on real estate
Schedule of Available-for-sale Securities [Line Items]
Total number of securities in an unrealized loss position | Investment		81	133
Number of investment securities | Investment		360	417
Prepayment premiums		$ 0	$ 335
Mortgage loans on real estate, number of loans | Loan		0	0
Assets	[1]	$ 115,020	$ 92,923
Deferred net (losses) on derivatives recorded in AOCI that are expected to be reclassified during the next 12 months		$ (861)
Number of impaired mortgages loans sold subsequently | Loan				1
Commercial Mortgage Loans that had Two or more Payments Delinquent
Schedule of Available-for-sale Securities [Line Items]
Mortgage loans on real estate, number of loans | MortgageLoan		0	0
Deposited with insurance regulatory authorities
Schedule of Available-for-sale Securities [Line Items]
Investment securities, estimated fair value		$ 13,371	$ 14,629
Future
Schedule of Available-for-sale Securities [Line Items]
Collateral, fair value		5,276	4,136
Standard & Poor's, BBB rating
Schedule of Available-for-sale Securities [Line Items]
Fixed maturity available-for-sale securities, at estimated fair value		$ 65,730	$ 79,958
[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.

Amortized Cost and Estimated 46

Amortized Cost and Estimated Fair Value of Fixed Maturity Available-for-Sale Securities by Contractual Maturities (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Amortized cost of fixed maturity AFS securities
Amortized cost of fixed maturity AFS securities due in one year or less	$ 56,748	$ 64,114
Amortized cost of fixed maturity AFS securities due after one year through five years	523,815	564,707
Amortized cost of fixed maturity AFS securities due after five years through ten years	95,744	230,858
Amortized cost of fixed maturity AFS securities due after ten years	485,720	465,410
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis, Total	1,162,027	1,325,089
Amortized cost of mortgage-backed securities and other asset-backed securities	221,760	245,604
Fixed maturity available-for-sale securities, amortized cost	1,383,787	1,570,693
Estimated fair value of fixed maturity AFS securities
Estimated fair value of fixed maturity AFS securities due in one year or less	57,489	65,086
Estimated fair value of fixed maturity AFS securities due after one year through five years	555,221	599,965
Estimated fair value of fixed maturity AFS securities due after five years through ten years	99,697	230,815
Estimated fair value of fixed maturity AFS securities due after ten years	549,354	515,868
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Total	1,261,761	1,411,734
Estimated fair value of mortgage-backed securities and other asset-backed securities	225,276	253,603
Fixed maturity available-for-sale securities, at estimated fair value	$ 1,487,037	$ 1,665,337

Estimated Fair Value and Gross

Estimated Fair Value and Gross Unrealized Losses and Other-Than-Temporary Impairments related to Fixed Maturity and Equity Available-for-Sale Securities in Continuous Unrealized Loss Position (Detail) - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		$ 228,354	$ 283,146
Amortized Cost/Cost		234,647	303,986
Gross Unrealized Losses and OTTI	[1]	(6,293)	(20,840)
Less than or equal to six months
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		189,619	229,334
Amortized Cost/Cost		193,353	239,090
Gross Unrealized Losses and OTTI	[1]	(3,734)	(9,756)
Less than or equal to six months | Fixed maturity AFS securities | Corporate securities
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		64,992	130,718
Amortized Cost/Cost		66,625	139,846
Gross Unrealized Losses and OTTI	[1]	(1,633)	(9,128)
Less than or equal to six months | Fixed maturity AFS securities | Asset-backed securities
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		30,729	59,051
Amortized Cost/Cost		31,253	59,312
Gross Unrealized Losses and OTTI	[1]	(524)	(261)
Less than or equal to six months | Fixed maturity AFS securities | Commercial mortgage-backed securities
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		30,698	17,185
Amortized Cost/Cost		31,285	17,450
Gross Unrealized Losses and OTTI	[1]	(587)	(265)
Less than or equal to six months | Fixed maturity AFS securities | Residential mortgage-backed securities
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		54,987	3,896
Amortized Cost/Cost		55,690	3,966
Gross Unrealized Losses and OTTI	[1]	(703)	(70)
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			18,484
Amortized Cost/Cost			18,516
Gross Unrealized Losses and OTTI	[1]		(32)
Less than or equal to six months | Equity AFS securities | Banking securities
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		8,213
Amortized Cost/Cost		8,500
Gross Unrealized Losses and OTTI	[1]	(287)
Greater than six months but less than or equal to one year
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		6,623	30,335
Amortized Cost/Cost		7,104	33,118
Gross Unrealized Losses and OTTI	[1]	(481)	(2,783)
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		4,522	27,872
Amortized Cost/Cost		4,863	30,597
Gross Unrealized Losses and OTTI	[1]	(341)	(2,725)
Greater than six months but less than or equal to one year | Fixed maturity AFS securities | Asset-backed securities
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		879	455
Amortized Cost/Cost		1,000	463
Gross Unrealized Losses and OTTI	[1]	(121)	(8)
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		1,010	988
Amortized Cost/Cost		1,012	1,028
Gross Unrealized Losses and OTTI	[1]	(2)	(40)
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		212	1,020
Amortized Cost/Cost		229	1,030
Gross Unrealized Losses and OTTI	[1]	(17)	(10)
Greater than one year
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		32,112	23,477
Amortized Cost/Cost		34,190	31,778
Gross Unrealized Losses and OTTI	[1]	(2,078)	(8,301)
Greater than one year | Fixed maturity AFS securities | Corporate securities
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		19,541	8,628
Amortized Cost/Cost		21,131	15,531
Gross Unrealized Losses and OTTI	[1]	(1,590)	(6,903)
Greater than one year | Fixed maturity AFS securities | Asset-backed securities
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		7,978	4,788
Amortized Cost/Cost		8,182	4,999
Gross Unrealized Losses and OTTI	[1]	(204)	(211)
Greater than one year | Fixed maturity AFS securities | Residential mortgage-backed securities
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		2,122	39
Amortized Cost/Cost		2,172	40
Gross Unrealized Losses and OTTI	[1]	(50)	(1)
Greater than one year | Fixed maturity AFS securities | Municipals
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		856	808
Amortized Cost/Cost		909	912
Gross Unrealized Losses and OTTI	[1]	(53)	(104)
Greater than one year | Equity AFS securities | Banking securities
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		1,615	9,214
Amortized Cost/Cost		1,796	10,296
Gross Unrealized Losses and OTTI	[1]	$ (181)	$ (1,082)
[1]	Subsequent unrealized gains (losses) on OTTI securities are included in OCI-OTTI.

Fair Value, Gross Unrealized Lo

Fair Value, Gross Unrealized Losses, Other-Than-Temporary Impairments Recognized in Other Comprehensive Income and Number of Securities with Fair Value Declining below Amortized Cost (Detail) $ in Thousands		Dec. 31, 2016USD ($)Investment	Dec. 31, 2015USD ($)Investment
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		$ 228,354	$ 283,146
Less than or equal to six months
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		189,619	229,334
Greater than six months but less than or equal to one year
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		6,623	30,335
Decline 20% - 40%
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		1,375	11,372
Gross Unrealized Losses/OTTI	[1]	$ (614)	$ (4,052)
Number of Securities | Investment		1	5
Decline 20% - 40% | Less than or equal to six months
Gain (Loss) on Investments [Line Items]
Estimated Fair Value			$ 6,182
Gross Unrealized Losses/OTTI	[1]		$ (1,904)
Number of Securities | Investment			2
Decline 20% - 40% | Greater than six months but less than or equal to one year
Gain (Loss) on Investments [Line Items]
Estimated Fair Value			$ 1,468
Gross Unrealized Losses/OTTI	[1]		$ (532)
Number of Securities | Investment			1
Decline 20% - 40% | Available For Sale Securities Continuous Unrealized Loss Positions Greater Than One Year
Gain (Loss) on Investments [Line Items]
Estimated Fair Value		$ 1,375	$ 3,722
Gross Unrealized Losses/OTTI	[1]	$ (614)	$ (1,616)
Number of Securities | Investment		1	2
Decline > 40%
Gain (Loss) on Investments [Line Items]
Estimated Fair Value			$ 5,357
Gross Unrealized Losses/OTTI	[1]		$ (7,279)
Number of Securities | Investment			4
Decline > 40% | Less than or equal to six months
Gain (Loss) on Investments [Line Items]
Estimated Fair Value			$ 2,950
Gross Unrealized Losses/OTTI	[1]		$ (2,047)
Number of Securities | Investment			1
Decline > 40% | Available For Sale Securities Continuous Unrealized Loss Positions Greater Than One Year
Gain (Loss) on Investments [Line Items]
Estimated Fair Value			$ 2,407
Gross Unrealized Losses/OTTI	[1]		$ (5,232)
Number of Securities | Investment			3
[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	Dec. 31, 2016	Dec. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), net of taxes	$ 55,350	$ 56,591
Unrealized Holding Gains (Losses) on AFS Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), before taxes	76,683	77,924
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	103,250	94,644
Unrealized Holding Gains (Losses) on AFS Securities | Equity AFS securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), before taxes	1,287	890
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	(26,630)	(21,812)
Unrealized Holding Gains (Losses) on Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), before taxes	(1,224)	4,202
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)

Credit Quality of Mortgage Loan

Credit Quality of Mortgage Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans on real estate	$ 116,286	$ 92,992
Less: allowance for credit losses	(78)	(78)
Total mortgage loans on real estate, net	116,208	92,914
AAA - AA
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans on real estate	43,047	31,835
A
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans on real estate	55,269	49,084
BBB
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans on real estate	$ 17,970	9,090
BB
Financing Receivable, Recorded Investment [Line Items]
Mortgage loans on real estate		$ 2,983

Summary of Securities Lending P

Summary of Securities Lending Program (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Securities Financing Transaction [Line Items]
Payables for collateral under securities loaned	$ 245,702	$ 194,537
Securities lending agreements
Securities Financing Transaction [Line Items]
Payables for collateral under securities loaned	199,412	194,537
Amortized cost of securities out on loan	166,942	162,698
Estimated fair value of securities out on loan	$ 194,996	$ 188,689

Summary of Reverse Repurchase A

Summary of Reverse Repurchase Agreements (Detail) - Reverse repurchase agreements $ in Thousands	Dec. 31, 2016USD ($)
Securities Financing Transaction [Line Items]
Payables for reverse repurchase agreements	$ 46,637
Amortized cost of securities pledged	47,021
Estimated fair value of securities pledged	$ 46,401

Maturities of Collateral Underl

Maturities of Collateral Underlying Reverse Repurchase Agreements and Securities Lending Transactions (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements and repurchase-to-maturity transactions	$ 46,401
Securities lending transactions	194,996	$ 188,689
Total Borrowings	241,397	188,689
Gross amount of recognized liabilities for reverse repurchase agreements and securities lending on the Balance Sheets	246,049	194,537
Residential mortgage-backed securities
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements and repurchase-to-maturity transactions	46,401
Corporate securities
Assets Sold under Agreements to Repurchase [Line Items]
Securities lending transactions	40,774	19,786
Equity AFS securities
Assets Sold under Agreements to Repurchase [Line Items]
Securities lending transactions	9,517	13,317
US Government Corporations and Agencies Securities
Assets Sold under Agreements to Repurchase [Line Items]
Securities lending transactions	144,705	155,586
Maturity Overnight and Continuous
Assets Sold under Agreements to Repurchase [Line Items]
Securities lending transactions	194,996	188,689
Total Borrowings	194,996	188,689
Maturity Overnight and Continuous | Corporate securities
Assets Sold under Agreements to Repurchase [Line Items]
Securities lending transactions	40,774	19,786
Maturity Overnight and Continuous | Equity AFS securities
Assets Sold under Agreements to Repurchase [Line Items]
Securities lending transactions	9,517	13,317
Maturity Overnight and Continuous | US Government Corporations and Agencies Securities
Assets Sold under Agreements to Repurchase [Line Items]
Securities lending transactions	144,705	$ 155,586
Maturity up to 30 Days
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements and repurchase-to-maturity transactions	46,401
Total Borrowings	46,401
Maturity up to 30 Days | Residential mortgage-backed securities
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements and repurchase-to-maturity transactions	$ 46,401

Notional and Fair Value of Non-

Notional and Fair Value of Non-Qualifying Hedging Instruments Hedging Instruments and Cash Flows Hedges (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Derivative [Line Items]
Derivative, notional value	$ 3,999,754	$ 2,454,299
Derivative, fair value	1,713	9,223
Non-qualifying hedging
Derivative [Line Items]
Derivative, notional value	3,949,871	2,404,415
Derivative, fair value	4,715	5,938
Non-qualifying hedging | Future | Short
Derivative [Line Items]
Derivative, notional value	25,157	47,221
Non-qualifying hedging | Future | Long
Derivative [Line Items]
Derivative, notional value	55,071	51,573
Non-qualifying hedging | Interest Rate Swap
Derivative [Line Items]
Derivative, notional value	251,000	192,000
Derivative, fair value	(2,799)	(2,228)
Non-qualifying hedging | Variance swaps
Derivative [Line Items]
Derivative, notional value	540	675
Derivative, fair value	(1,835)	(1,525)
Non-qualifying hedging | Total Return Swap
Derivative [Line Items]
Derivative, notional value	1,405,253	1,315,900
Derivative, fair value	(16,487)	(1,429)
Non-qualifying hedging | Options
Derivative [Line Items]
Derivative, notional value	2,002,850	587,046
Derivative, fair value	24,525	11,055
Non-qualifying hedging | Credit Default Swaps
Derivative [Line Items]
Derivative, notional value	210,000	210,000
Derivative, fair value	1,311	65
Designated as Hedging Instrument | Cash Flow Hedging
Derivative [Line Items]
Derivative, notional value	49,883	49,884
Derivative, fair value	(3,002)	3,285
Designated as Hedging Instrument | Interest Rate Swap | Cash Flow Hedging
Derivative [Line Items]
Derivative, notional value	49,883	49,884
Derivative, fair value	$ (3,002)	$ 3,285

Net Derivative Gains (Losses) R

Net Derivative Gains (Losses) Recognized in Statements of Income (Loss) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Net derivative losses	$ (90,238)	$ (37,457)	$ (76,153)
Future | Short
Derivative Instruments, Gain (Loss) [Line Items]
Net derivative losses	(4,578)	(2,002)	(7,819)
Future | Long
Derivative Instruments, Gain (Loss) [Line Items]
Net derivative losses	(1,411)	(1,029)
Variance swaps
Derivative Instruments, Gain (Loss) [Line Items]
Net derivative losses	(3,659)	(2,838)	(5,118)
Total Return Swap
Derivative Instruments, Gain (Loss) [Line Items]
Net derivative losses	(79,142)	(36,481)	(60,439)
Options
Derivative Instruments, Gain (Loss) [Line Items]
Net derivative losses	(3,571)	7,650
Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Net derivative losses	(566)	(2,222)	(77)
Credit Default Swaps
Derivative Instruments, Gain (Loss) [Line Items]
Net derivative losses	$ 2,689	$ (535)	$ (2,700)

Maximum Potential Amount of Fut

Maximum Potential Amount of Future Payments, Credit Rating and Maturity Dates for Credit Default Swaps (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Credit Derivatives [Line Items]
Maximum Potential Amount of Future Payments	$ 210,000	$ 210,000
Corporate securities
Credit Derivatives [Line Items]
Maximum Potential Amount of Future Payments	$ 120,000	$ 120,000
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	$ 90,000
Sovereign Debt Securities | Credit Rating
Credit Derivatives [Line Items]
Credit Rating	AA-A	AA-A
Minimum | Corporate securities
Credit Derivatives [Line Items]
Maturity Date Range	2017-06	2017-06
Minimum | Sovereign Debt Securities
Credit Derivatives [Line Items]
Maturity Date Range	2017-06	2017-06
Maximum | Corporate securities
Credit Derivatives [Line Items]
Maturity Date Range	2020-12	2020-12
Maximum | Sovereign Debt Securities
Credit Derivatives [Line Items]
Maturity Date Range	2021-12	2020-03

Components of Gains or Losses o

Components of Gains or Losses on Derivatives Qualifying as Cash Flow Hedges (Detail) - Cash Flow Hedging - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in OCI on Derivatives (Effective Portion)	$ (5,427)	$ 1,906	$ 483
Net Realized Gains (Losses) Recognized in Income on Derivatives (Ineffective Portion)	6	5	(77)
Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Reclassified from AOCI into Net Investment Income (Effective Portion)	(861)	(99)	(761)
Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Recognized in OCI on Derivatives (Effective Portion)	(5,427)	1,906	483
Net Realized Gains (Losses) Recognized in Income on Derivatives (Ineffective Portion)	6	5	(77)
Interest Rate Swap | Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Gains (Losses) Reclassified from AOCI into Net Investment Income (Effective Portion)	$ (861)	$ (99)	$ (761)

Offsetting of Derivative Assets

Offsetting of Derivative Assets And Liabilities (Detail) - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015
Assets
Gross estimated fair value of derivatives		$ 39,022	$ 38,125
Estimated fair value of derivatives presented on the Balance Sheets		16,526	10,893
Net amount after application of master netting agreements and collateral		1,304	2,735
Liabilities
Gross estimated fair value of derivatives		37,309	28,902
Estimated fair value of derivatives presented on the Balance Sheets		15,165	13,075
Net amount after application of master netting agreements and collateral		916	2,228
OTC - Bilateral
Assets
Gross estimated fair value of derivatives		37,344	37,985
Amounts offset on the balance sheet	[1]	(18,014)	(15,687)
Cash collateral	[2],[3]	(2,804)	(11,405)
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments	[4]	(15,222)	(8,158)
Liabilities
Gross estimated fair value of derivatives		32,832	26,534
Amounts offset on the balance sheet	[1]	(18,014)	(15,687)
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments	[4]	(14,249)	(10,847)
OTC - Cleared
Assets
Gross estimated fair value of derivatives		1,678	140
Amounts offset on the balance sheet	[1]	(1,678)	(140)
Liabilities
Gross estimated fair value of derivatives		4,477	2,368
Amounts offset on the balance sheet	[1]	(1,678)	$ (140)
Cash collateral	[2],[3]	$ (2,452)
[1]	Estimated fair value of derivatives is limited to the amount that is subject to set-off.
[2]	The amount of cash collateral offset in the table above is limited to the net estimated fair value of derivatives after application of netting agreements. Cash collateral received for over-the-counter ("OTC") OTC-Bilateral and OTC-Cleared derivatives is included in cash and cash equivalents, short-term investments, or in fixed maturity securities, and the obligation to return it, beyond what is being setoff, is included in payables for collateral under securities loaned, reverse repurchase agreements and derivatives. At December 31, 2016 and 2015, the Company received no excess cash collateral.
[3]	The receivable for the return of cash collateral provided to the counterparty, beyond what is being setoff, is included in other assets. The amount reported in the table above does not include initial margin on Exchange-Traded and OTC-Cleared derivatives. At December 31, 2016 and 2015, the Company had no excess cash collateral provided to counterparties that would be subject to the foregoing limitation.
[4]	Securities collateral received or pledged by the Company is held in separate custodial accounts and is not recorded on the Balance Sheets. The amount of securities collateral offset in the table above is limited to the net estimated fair value of derivatives after application of netting agreements and cash collateral. At December 31, 2016 and 2015, the Company received excess securities collateral with an estimated fair value of $395 and $1,102, respectively, for its OTC-bilateral derivatives, which are not included in the table above due to the foregoing limitation. At December 31, 2016 and 2015, the Company provided excess securities collateral with an estimated fair value of $1,878 and $5,592, respectively, for its OTC-Bilateral derivatives, which are not included in the table above due to the foregoing limitation. At December 31, 2016 and 2015, the Company also provided securities initial margin with an estimated fair value of $11,291 and $9,251, respectively, for its OTC-Cleared derivatives, which are not included in the table above.

Offsetting of Derivative Asse59

Offsetting of Derivative Assets And Liabilities (Parenthetical) (Detail) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Offsetting Derivatives Financial Assets And Financial Liabilities [Line Items]
Excess cash collateral received on derivatives	$ 0	$ 0
Excess cash collateral provided on derivatives	0	0
OTC - Bilateral
Offsetting Derivatives Financial Assets And Financial Liabilities [Line Items]
Excess securities collateral received on derivatives	395,000	1,102,000
Excess securities collateral provided on derivatives	1,878,000	5,592,000
OTC - Cleared
Offsetting Derivatives Financial Assets And Financial Liabilities [Line Items]
Excess securities collateral provided on derivatives	$ 11,291,000	$ 9,251,000

Net Investment Income By Source

Net Investment Income By Source (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net Investment Income [Line Items]
Gross investment income	$ 118,167	$ 116,838	$ 120,348
Less investment expenses	(7,018)	(4,654)	(3,410)
Net investment income	111,149	112,184	116,938
Limited partnership
Net Investment Income [Line Items]
Gross investment income	(106)	(778)	436
Fixed maturity AFS securities
Net Investment Income [Line Items]
Gross investment income	67,573	70,495	72,568
Equity AFS securities
Net Investment Income [Line Items]
Gross investment income	1,962	2,061	2,091
Mortgage loans on real estate
Net Investment Income [Line Items]
Gross investment income	5,135	4,111	3,100
Policy loans
Net Investment Income [Line Items]
Gross investment income	34,037	35,435	36,765
Derivatives
Net Investment Income [Line Items]
Gross investment income	6,818	4,631	4,478
Cash and Cash Equivalents
Net Investment Income [Line Items]
Gross investment income	2,373	649	559
Other
Net Investment Income [Line Items]
Gross investment income	$ 375	$ 234	$ 351

Proceeds and Gross Realized Inv

Proceeds and Gross Realized Investment Gains (Losses) from Sale of Available-for-Sale Securities (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Proceeds	$ 494,524	$ 226,843	$ 106,257
Gross realized investment gains	8,865	6,722	4,754
Gross realized investment losses	(3,300)	(3,119)	(867)
Proceeds on AFS securities sold at a realized loss	$ 128,407	$ 74,724	$ 27,987

Net Realized Investment Gains (

Net Realized Investment Gains (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Gain (Loss) on Investments [Line Items]
Net realized investment gains	$ 458	$ 1,690	$ 2,628
Fixed maturity AFS securities
Gain (Loss) on Investments [Line Items]
Net realized investment gains	(231)	1,380	3,753
Equity AFS securities
Gain (Loss) on Investments [Line Items]
Net realized investment gains	585	350	30
Mortgage loans on real estate
Gain (Loss) on Investments [Line Items]
Net realized investment gains	(1)	313	(1,997)
Valuation of business acquired
Gain (Loss) on Investments [Line Items]
Net realized investment gains	$ 105	$ (353)	$ 842

Credit Loss Impairments on Fixe

Credit Loss Impairments on Fixed Maturity Securities, Non-Credit Portion of Other-Than-Temporary Impairment Loss Recognized in Other Comprehensive Income, and Corresponding Changes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Balance at beginning of period	$ (935)	$ (185)
Additional credit loss impairments recognized in the current period on securities previously impaired through OCI	121	109
Accretion of credit loss impairments previously recognized	(1,226)	(859)
Balance at end of period	$ (2,040)	$ (935)

Components of Other-Than-Tempor

Components of Other-Than-Temporary Impairments Reflected in Statements of Income (Loss) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Net OTTI losses	$ 4,684	$ 1,873	$ 104
Gross OTTI losses
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Gross OTTI losses on securities	5,213	$ 1,873	$ 104
Value of business acquired amortization
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Net OTTI losses	$ (529)

Change in Carrying Amount of Va

Change in Carrying Amount of Value of Business Acquired (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition, Acquisition Related Costs [Line Items]
Balance at beginning of period	$ 259,493
Amortization expense	(5,207)	$ (2,310)
Adjustment related to realized gains on investments and OTTI	458	1,690	$ 2,628
Balance at end of period	222,299	259,493
Valuation of business acquired
Business Acquisition, Acquisition Related Costs [Line Items]
Balance at beginning of period	259,493	268,079
Amortization expense	(19,571)	(22,478)
Unlocking	(12,909)	114
Adjustment related to realized gains on investments and OTTI	105	(353)	842
Adjustment related to unrealized (gains) losses and OTTI on investments	(4,819)	14,131
Balance at end of period	$ 222,299	$ 259,493	$ 268,079

Estimated Future Amortization o

Estimated Future Amortization of Value of Business Acquired (Detail) $ in Thousands	Dec. 31, 2016USD ($)
Schedule Of Estimated Future Amortization Expense [Line Items]
2,017	$ 19,132
2,018	17,913
2,019	16,578
2,020	15,317
2,021	$ 14,223

Change in Carrying Amount of De

Change in Carrying Amount of Deferred Acquisition Costs (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
DAC
Beginning Balance	$ 37,500	$ 41,127
Capitalization	81	156
Amortization expense	(5,207)	(2,310)
Unlocking	1,527	(1,473)
Ending Balance	$ 33,901	$ 37,500

Variable Contracts Containing68

Variable Contracts Containing Guaranteed Benefits - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2016
Variable Annuity Contracts
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Guaranteed minimum income benefit waiting period from contract issue	10 years

Variable Annuity Contracts Cont

Variable Annuity Contracts Containing Guaranteed Benefits (Detail) - Variable Annuity Contracts - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015
GMDB
Net Amount at Risk by Product and Guarantee [Line Items]
Net amount at risk	[1]	$ 741,564	$ 839,586
Average attained age of contract owners		74 years	71 years
GMIB
Net Amount at Risk by Product and Guarantee [Line Items]
Net amount at risk	[1]	$ 27,017	$ 21,371
Average attained age of contract owners		68 years	66 years
Weighted average period remaining until expected annuitization			1 year 8 months 12 days
GMWB
Net Amount at Risk by Product and Guarantee [Line Items]
Net amount at risk	[1]	$ 8,106	$ 8,912
Average attained age of contract owners		76 years	75 years
[1]	Net amount at risk for GMDB is defined as the current GMDB in excess of the contract owners' account balance at the Balance Sheet date. Net amount at risk for GMIB is defined as the present value of the minimum guaranteed annuity payments available to the contract owner in excess of the contract owners' account balance at the Balance Sheet date. Net amount at risk for GMWB is defined as the difference between the maximum amount payable under the guarantee and the contract owners' account balance at the Balance Sheet date.

Changes in Variable Annuity Gua

Changes in Variable Annuity Guaranteed Minimum Death Benefits, Guaranteed Minimum Income Benefits and Guaranteed Minimum Withdrawal Benefits Liabilities (Detail) - Variable Annuity Contracts - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
GMDB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Beginning Balance	$ 131,378	$ 112,095
Guaranteed benefits incurred	25,408	26,864
Guaranteed benefits paid	(23,432)	(25,063)
Unlocking	(20,371)	17,482
Ending Balance	112,983	131,378
GMIB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Beginning Balance	95,048	69,775
Guaranteed benefits incurred	13,750	11,919
Guaranteed benefits paid	(2,050)	(1,198)
Unlocking	(10,046)	14,552
Ending Balance	96,702	95,048
GMWB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Beginning Balance	60,618	60,702
Change in fair value reserves	(6,204)	(84)
Ending Balance	$ 54,414	$ 60,618

Contract Owners' Account Balanc

Contract Owners' Account Balances by Mutual Fund Class and by Guaranteed Benefit Provisions (Detail) - Variable Annuity Contracts - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	$ 4,333,817	$ 4,557,771
GMDB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	2,177,733	2,265,539
GMDB and GMIB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	1,296,010	1,378,967
GMDB and GMWB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	493,866	527,308
GMWB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	201,415	216,721
GMIB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	129,162	134,060
Non Guaranteed Obligations
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	35,631	35,176
Equity
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	2,589,651	2,659,521
Equity | GMDB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	1,303,816	1,313,314
Equity | GMDB and GMIB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	793,764	831,162
Equity | GMDB and GMWB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	284,597	299,298
Equity | GMWB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	117,273	124,192
Equity | GMIB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	73,648	75,495
Equity | Non Guaranteed Obligations
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	16,553	16,060
Bond
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	877,990	928,425
Bond | GMDB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	418,368	459,890
Bond | GMDB and GMIB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	263,157	273,085
Bond | GMDB and GMWB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	118,392	117,689
Bond | GMWB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	47,229	47,519
Bond | GMIB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	25,106	24,642
Bond | Non Guaranteed Obligations
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	5,738	5,600
Balanced
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	438,480	478,045
Balanced | GMDB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	341,637	367,161
Balanced | GMDB and GMIB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	91,138	105,572
Balanced | GMDB and GMWB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	1,862	1,876
Balanced | GMWB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	1,165	1,239
Balanced | GMIB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	1,570	1,587
Balanced | Non Guaranteed Obligations
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	1,108	610
Money Market
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	427,696	491,780
Money Market | GMDB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	113,912	125,174
Money Market | GMDB and GMIB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	147,951	169,148
Money Market | GMDB and GMWB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	89,015	108,445
Money Market | GMWB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	35,748	43,771
Money Market | GMIB
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	28,838	32,336
Money Market | Non Guaranteed Obligations
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners account balances, guaranteed benefit liabilities	$ 12,232	$ 12,906

Contract Owners' Account Bala72

Contract Owners' Account Balances by Mutual Fund Class for Contracts Containing Guaranteed Minimum Death Benefit Provisions (Detail) - Variable Life - GMDB - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners' account balances, guarantee benefit liabilities net	$ 1,326,133	$ 1,382,894
Balanced
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners' account balances, guarantee benefit liabilities net	578,880	608,486
Equity
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners' account balances, guarantee benefit liabilities net	515,295	533,700
Bond
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners' account balances, guarantee benefit liabilities net	126,634	135,117
Money Market
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Contract owners' account balances, guarantee benefit liabilities net	$ 105,324	$ 105,591

Reconciliation of Provision for

Reconciliation of Provision for Income Taxes Based on Income (Loss) Before Federal Income Taxes, Computed using Federal Statutory Rate Versus Reported Provision for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Reconciliation of Effective Income Tax Rate [Line Items]
Provisions for income taxes computed at Federal statutory rate (35%)	$ (7,498)	$ 3,129	$ 13,635
Increase (decrease) in income taxes resulting from:
Dividend received deduction	(7,567)	(6,622)	(7,861)
Tax credits	(458)	(302)	(416)
Valuation allowance on deferred tax assets	21,810	(1,497)	(510)
Provision to return adjustment	(727)	498	558
State taxes (benefits)	211	(287)	(92)
Unrecognized tax benefits	987	363	110
Audit Adjustment	(8,225)
Other	462
Income Tax Expense (Benefit)	$ (1,005)	$ (4,718)	$ 5,424

Reconciliation of Provision f74

Reconciliation of Provision for Income Taxes Based on Income (Loss) Before Federal Income Taxes, Computed using Federal Statutory Rate Versus Reported Provision for Income Taxes (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Reconciliation of Effective Income Tax Rate [Line Items]
Federal statutory rate	35.00%	35.00%	35.00%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Investments, Owned, Federal Income Tax Note [Line Items]
Federal statutory rate	35.00%	35.00%	35.00%
Valuation allowance for deferred tax assets	$ 154,440	$ 130,946
Unrecognized income tax benefit, net	4,391	3,404	$ 3,041
Unrecognized income tax benefit, gross	12,547	9,727
Permanent tax benefit	7,391
Operating loss carry forward	$ 627,860	577,762
Operating loss carry forward, expiration period	15 years
Alternative minimum tax credit carry forward	$ 4,216	4,216
Penalties expense related to federal income tax	0	0
Interest expense (income) related to federal income tax	74	86	(1)
Interest payable arising from income tax examinations	161	87
Capital contributions from AEGON USA, LLC		68,492	$ 179,029
Return of capital to Transamerica Corporation	(13,381)
Foreign
Investments, Owned, Federal Income Tax Note [Line Items]
Tax credit carry forward	$ 9,776	$ 8,869
Foreign tax credit carry forward, expiration date in year	10 years	10 years
Capital Loss Carry forward
Investments, Owned, Federal Income Tax Note [Line Items]
Tax credit carry forward	$ 84	$ 84
Capital loss tax credit carry forward, expiration date in year	5 years	5 years
Capital loss tax credit carry forward, expiration year	2,018
Earliest Tax Year
Investments, Owned, Federal Income Tax Note [Line Items]
Company's tax year	2,011
Operating loss carry forward, expiration year	2,023
Latest Tax Year
Investments, Owned, Federal Income Tax Note [Line Items]
Company's tax year	2,015
Operating loss carry forward, expiration year	2,031
Latest Tax Year | Foreign
Investments, Owned, Federal Income Tax Note [Line Items]
Foreign tax credit carry forward, expiration year	2,026

Deferred Tax Assets and Liabili

Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Deferred Tax Assets And Liabilities [Line Items]
Tax DAC	$ 14,992	$ 29,634
Net operating and capital loss carryforward	228,864	210,363
Intangible assets	29,824	34,942
Policyholder reserves	29,546	22,955
Tax credits	13,992	13,084
Other	1,714	1,528
Total deferred tax assets	318,932	312,506
Valuation allowance	(154,440)	(130,946)
Net deferred tax assets	164,492	181,560
Deferred tax liabilities
VOBA	95,150	109,789
Policyholder reserves	20,106	26,740
Investments	48,660	45,139
Total deferred tax liabilities	163,916	181,668
Deferred tax assets
Total net deferred tax liability		$ (108)
Total net deferred tax asset	$ 576

Income Tax Expense (Benefit) (D

Income Tax Expense (Benefit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax [Line Items]
Current federal income tax expense (benefit)	$ (179)		$ 181
Current state income tax expense (benefit)	(144)	$ 9
Deferred federal income tax expense (benefit)	(1,150)	(4,275)	5,385
Deferred state income tax expense (benefit)	468	(452)	(142)
Income Tax Expense (Benefit)	$ (1,005)	$ (4,718)	$ 5,424

Income Tax Asset (Liability) (D

Income Tax Asset (Liability) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Taxes [Line Items]
Net income tax asset (liability)	$ 576	$ (574)
State and Local Jurisdiction
Income Taxes [Line Items]
Current federal income tax liability	1	(287)
Deferred federal income tax liability	$ 575	1,512
Internal Revenue Service (IRS)
Income Taxes [Line Items]
Current federal income tax liability		(179)
Deferred federal income tax liability		$ (1,620)

Components of Change in Unrecog

Components of Change in Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Tax Contingency [Line Items]
Balance at beginning of period	$ 3,404	$ 3,041
Additions for tax positions of prior years	987	363
Additions for tax positions of current year		293
Reductions for tax positions of current year		(293)
Balance at end of period	$ 4,391	$ 3,404

Accumulated Other Comprehensi80

Accumulated Other Comprehensive Income by Component (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	$ 1,291,501	$ 1,362,002
OCI before reclassifications	(2,226)	(52,375)	$ 68,393
Amounts reclassified from AOCI	985	(276)	1,146
Net current period OCI	(1,241)	(52,651)	69,539
Tax expense (benefit)	0	0	0
Total other comprehensive income (loss), net of taxes	(1,241)	(52,651)	69,539
Balance at end of period	1,106,392	1,291,501	1,362,002
Unrealized Holding Gains (Losses) on AFS Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	95,533	164,221	88,640
OCI before reclassifications	8,881	(68,313)	75,196
Amounts reclassified from AOCI	124	(375)	385
Net current period OCI	9,005	(68,688)	75,581
Tax expense (benefit)	0	0	0
Total other comprehensive income (loss), net of taxes	9,005	(68,688)	75,581
Balance at end of period	104,538	95,533	164,221
Unrealized Holding Gains (Losses) on Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	4,202	2,296	1,813
OCI before reclassifications	(6,288)	1,807	(278)
Amounts reclassified from AOCI	861	99	761
Net current period OCI	(5,427)	1,906	483
Tax expense (benefit)	0	0	0
Total other comprehensive income (loss), net of taxes	(5,427)	1,906	483
Balance at end of period	(1,225)	4,202	2,296
OCI Adjustments for Policy holder liabilities, VOBA, and Deferred Tax
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(43,144)	(57,275)	(50,750)
OCI before reclassifications	(4,819)	14,131	(6,525)
Net current period OCI	(4,819)	14,131	(6,525)
Tax expense (benefit)	0	0	0
Total other comprehensive income (loss), net of taxes	(4,819)	14,131	(6,525)
Balance at end of period	(47,963)	(43,144)	(57,275)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	56,591	109,242	39,703
Tax expense (benefit)	0	0	0
Total other comprehensive income (loss), net of taxes	(1,241)	(52,651)	69,539
Balance at end of period	$ 55,350	$ 56,591	$ 109,242

Reclassifications out of AOCI (

Reclassifications out of AOCI (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net realized investment gains (losses)	$ 458	$ 1,690	$ 2,628
Net investment income	111,149	112,184	116,938
Portion of OTTI previously recognized in OCI	121	109	104
Income (Loss) Before Taxes	(21,532)	8,940	38,957
Total amounts reclassified from AOCI	(985)	276	(1,146)
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)	(3)	484	(281)
Portion of OTTI previously recognized in OCI	(121)	(109)	(104)
Income (Loss) Before Taxes	(124)	375	(385)
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	(861)	(99)	(761)
Income (Loss) Before Taxes	$ (861)	$ (99)	$ (761)

Stockholder's Equity and Stat82

Stockholder's Equity and Statutory Accounting Principles - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statutory Accounting Practices [Line Items]
Statutory net income (loss)	$ 71,053	$ (24,119)	$ 201,479
Statutory capital and surplus	696,073	790,252
Dividend distribution not require approval	142,822	79,025
Cash dividend paid	75,000		100,000
Return of capital to Transamerica Corporation /AEGON USA, LLC	(13,381)
Capital contributions from AUSA		68,492	$ 179,029
Subsidiaries
Statutory Accounting Practices [Line Items]
Capital contributions from AUSA		68,492
Additional Paid-in Capital
Statutory Accounting Practices [Line Items]
Return of capital to Transamerica Corporation /AEGON USA, LLC	$ 88,341	$ 100,000

Reinsurance - Additional Inform

Reinsurance - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Maximum amount of mortality risk retained	$ 1,000
Reinsurance receivables - net	166	$ 68
Reinsurance payables - net	203
Reinsurance reserve	$ 0	$ 0
GMIB
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Percentage of account values for variable annuity contracts reinsured	34.00%	34.00%
GMDB
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Percentage of account values for variable annuity contracts reinsured	4.00%	4.00%

Life Insurance Inforce (Detail)

Life Insurance Inforce (Detail) $ in Thousands	Dec. 31, 2016USD ($)
Effects of Reinsurance [Line Items]
Gross amount	$ 4,586,845
Ceded to other companies	160,455
Assumed from other companies	924
Net amount	$ 4,427,314
Percentage of amount assumed to net	0.02%

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 18, 2016	Dec. 22, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Expense incurred as result of multiple service agreements			$ 10,223	$ 10,818	$ 9,690
Intercompany short-term note receivable settled	$ 25,000	$ 50,000
Interest on intercompany note receivable	0.13%	0.11%
Intercompany short-term note receivable, date	Jun. 19, 2015	Jun. 27, 2014
Interest income accrued and/or received due to intercompany arrangements			31	18	27
AEGON USA Realty Advisors, LLC
Related Party Transaction [Line Items]
Expense incurred as result of multiple service agreements			181	149	89
AEGON USA Investment Management LLC
Related Party Transaction [Line Items]
Expense incurred as result of multiple service agreements			1,927	1,709	1,770
Transamerica Capital, Inc.
Related Party Transaction [Line Items]
Expense incurred as result of multiple service agreements			24,501	30,356	30,836
Transamerica Asset Management, Inc.
Related Party Transaction [Line Items]
Expense incurred as result of multiple service agreements			320	361	406
Distribution and shareholder services agreement
Related Party Transaction [Line Items]
Revenue from participation agreement			$ 2,199	$ 2,381	$ 2,584

Affiliated Purchasing and Selli

Affiliated Purchasing and Selling of Investments Between Affiliated Companies (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Investments purchased from related parties	$ 593,984	$ 475,044	$ 476,897
Investments purchased from related parties, Limited partnerships	11,562		60,000
Investments sold to related parties	494,524	226,843	106,257
Investments sold to related parties, Derivatives	28,797	76,494	18,828
Affiliated companies
Related Party Transaction [Line Items]
Investments purchased from related parties, Limited partnerships	10,000		60,000
Investments sold to related parties, Derivatives		82
Affiliated companies | Fixed maturity AFS securities
Related Party Transaction [Line Items]
Investments purchased from related parties		30,356	137,281
Investments sold to related parties	$ 89,820	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

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Commitment And Contingencies [Line Items]
Estimated liability for future guarantee fund assessment	$ 140	$ 144
Receivable for future premium tax deduction	$ 4,012	$ 4,240

Business Segment's Contribution

Business Segment's Contribution to Select Statements of Income (Loss) Information (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Net revenues	[1]	$ 117,800	$ 188,249	$ 166,727
Policy benefits (net of reinsurance recoveries)		65,067	105,246	77,877
Amortization (accretion) of VOBA		32,482	22,364	10,840
Income Tax Expense (Benefit)		(1,005)	(4,718)	5,424
Net Income (Loss)		(20,527)	13,658	33,533
Annuity
Segment Reporting Information [Line Items]
Net revenues	[1]	51,632	114,666	91,381
Policy benefits (net of reinsurance recoveries)		16,823	68,984	38,893
Amortization (accretion) of VOBA		6,889	8,110	928
Income Tax Expense (Benefit)		(521)	(9,297)	(2,796)
Net Income (Loss)		(10,630)	(717)	19,224
Life Insurance
Segment Reporting Information [Line Items]
Net revenues	[1]	66,168	73,583	75,346
Policy benefits (net of reinsurance recoveries)		48,244	36,262	38,984
Amortization (accretion) of VOBA		25,593	14,254	9,912
Income Tax Expense (Benefit)		(484)	4,579	8,220
Net Income (Loss)		$ (9,897)	$ 14,375	$ 14,309
[1]	Net revenues include total revenues net of interest credited to policyholder liabilities.

Selected Balance Sheet Informat

Selected Balance Sheet Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Supplemental Balance Sheet Information [Line Items]
Total Assets	$ 8,670,275	$ 9,165,935
Total policyholder liabilities	1,621,077	1,706,192
Annuity
Supplemental Balance Sheet Information [Line Items]
Total Assets	6,044,874	6,396,511
Total policyholder liabilities	567,814	609,363
Life Insurance
Supplemental Balance Sheet Information [Line Items]
Total Assets	2,625,401	2,769,424
Total policyholder liabilities	$ 1,053,263	$ 1,096,829