| Schedule of Guaranteed Minimum Benefits |
Guaranteed
minimum benefits for the respective years ended December 31
are summarized
as follows (note that the amounts listed are not mutually
exclusive, as many products contain multiple
guarantees):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2017
|
|
2016
|
|
|
Account
value
|
|
Net
amount at risk
|
|
Weighted
age (years)
|
|
Account
value
|
|
Net
amount at risk
|
|
Weighted
age (years)
|
|
GMDB:
|
|
|
|
|
|
|
|
|
|
|
|
|
Return of
premium
|
$
|
2,108,179
|
|
|
1,143
|
|
|
64
|
|
1,816,268
|
|
|
7,444
|
|
|
63
|
|
Ratchet and
return of premium
|
620,716
|
|
|
3,720
|
|
|
66
|
|
620,999
|
|
|
20,606
|
|
|
66
|
|
Reset
|
81,771
|
|
|
475
|
|
|
77
|
|
84,191
|
|
|
692
|
|
|
76
|
|
Total
|
$
|
2,810,666
|
|
|
5,338
|
|
|
|
|
2,521,458
|
|
|
28,742
|
|
|
|
|
GMIB:
|
|
|
|
|
|
|
|
|
|
|
|
|
Return of
premium
|
$
|
6,632
|
|
|
113
|
|
|
69
|
|
7,717
|
|
|
133
|
|
|
68
|
|
Ratchet and
rollup
|
116,275
|
|
|
16,403
|
|
|
66
|
|
128,150
|
|
|
25,900
|
|
|
65
|
|
Total
|
$
|
122,907
|
|
|
16,516
|
|
|
|
|
135,867
|
|
|
26,033
|
|
|
|
|
GMAB:
|
|
|
|
|
|
|
|
|
|
|
|
|
Five years
|
$
|
17,173
|
|
|
5
|
|
|
70
|
|
17,899
|
|
|
61
|
|
|
70
|
|
Target date
retirement-7 year
|
42,606
|
|
|
12
|
|
|
65
|
|
44,589
|
|
|
69
|
|
|
64
|
|
Target date
retirement-10 year
|
16,187
|
|
|
37
|
|
|
65
|
|
19,140
|
|
|
331
|
|
|
64
|
|
Target date
with management levers
|
380,541
|
|
|
1,346
|
|
|
65
|
|
385,249
|
|
|
8,501
|
|
|
64
|
|
Total
|
$
|
456,507
|
|
|
1,400
|
|
|
|
|
466,877
|
|
|
8,962
|
|
|
|
|
GMWB:
|
|
|
|
|
|
|
|
|
|
|
|
|
No living
benefit
|
$
|
61,262
|
|
|
—
|
|
|
68
|
|
61,926
|
|
|
—
|
|
|
68
|
|
Life benefit
with optional reset
|
70,125
|
|
|
3,884
|
|
|
73
|
|
72,366
|
|
|
6,887
|
|
|
72
|
|
Life benefit
with 8% rollup
|
27,283
|
|
|
4,380
|
|
|
72
|
|
28,562
|
|
|
6,286
|
|
|
70
|
|
Life benefit
with management levers
|
1,461,444
|
|
|
214,731
|
|
|
62
|
|
1,386,689
|
|
|
265,514
|
|
|
61
|
|
Total
|
$
|
1,620,114
|
|
|
222,995
|
|
|
|
|
1,549,543
|
|
|
278,687
|
|
|
|
|
| Variable Annuity Account Balances Invested In Separate Account |
At
December
31, variable annuity account
balances were invested in separate account funds with the following
investment objectives. Balances are presented at fair
value:
|
|
|
|
|
|
|
|
|
|
Investment
type
|
|
2017
|
|
2016
|
|
Bond
|
|
$
|
306,145
|
|
|
310,976
|
|
|
Domestic
equity
|
|
1,211,424
|
|
|
1,179,744
|
|
|
International
equity
|
|
63,486
|
|
|
61,096
|
|
|
Specialty
|
|
694,010
|
|
|
665,294
|
|
|
Money market
|
|
24,621
|
|
|
37,065
|
|
|
Other
|
|
776
|
|
|
1,401
|
|
|
Total
|
|
$
|
2,300,462
|
|
|
2,255,576
|
|
|
| Summary of Liabilities for Variable Contract Guarantees |
The following
table summarizes the liabilities for variable contract guarantees
that are reflected in the general account and shown in Account
balances and future policy benefit reserves on the
Balance
Sheets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GMDB
|
|
GMIB
|
|
GMAB
|
|
GMWB
|
|
Totals
|
|
Balance as of
December 31, 2015
|
$
|
2,239
|
|
|
4,023
|
|
|
27,579
|
|
|
147,290
|
|
|
181,131
|
|
|
Incurred
guaranteed benefits
|
528
|
|
|
(246
|
)
|
|
(8,845
|
)
|
|
(2,659
|
)
|
|
(11,222
|
)
|
|
Paid guaranteed
benefits
|
(782
|
)
|
|
(560
|
)
|
|
(2,140
|
)
|
|
—
|
|
|
(3,482
|
)
|
|
Balance as of
December 31, 2016
|
1,985
|
|
|
3,217
|
|
|
16,594
|
|
|
144,631
|
|
|
166,427
|
|
|
Incurred
guaranteed benefits
|
260
|
|
|
(185
|
)
|
|
(6,063
|
)
|
|
(16,686
|
)
|
|
(22,674
|
)
|
|
Paid guaranteed
benefits
|
(207
|
)
|
|
(1,288
|
)
|
|
(13
|
)
|
|
—
|
|
|
(1,508
|
)
|
|
Balance as of
December 31, 2017
|
$
|
2,038
|
|
|
1,744
|
|
|
10,518
|
|
|
127,945
|
|
|
142,245
|
|
|