Company Quick10K Filing
Lincoln National Life Insurance
Price-0.00 EPS52
Shares10 P/E-0
MCap-0 P/FCF0
Net Debt-2,238 EBIT429
TEV-2,238 TEV/EBIT-5
TTM 2019-09-30, in MM, except price, ratios
10-Q 2020-09-30 Filed 2020-11-09
10-Q 2020-06-30 Filed 2020-08-10
10-Q 2020-03-31 Filed 2020-05-12
10-K 2019-12-31 Filed 2020-03-13
10-Q 2019-09-30 Filed 2019-11-04
10-Q 2019-06-30 Filed 2019-08-05
10-Q 2019-03-31 Filed 2019-05-06
10-K 2018-12-31 Filed 2019-03-13
10-Q 2018-09-30 Filed 2018-11-06
10-Q 2018-06-30 Filed 2018-08-07
10-Q 2018-03-31 Filed 2018-05-09
10-K 2017-12-31 Filed 2018-03-13
8-K 2018-01-19

C865 10Q Quarterly Report

Part I - Financial Information
Item 1. Financial Statements
Item 2. Management's Narrative Analysis of The Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II - Other Information
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 6. Exhibits
EX-31.1 c865-20190930xex31_1.htm
EX-31.2 c865-20190930xex31_2.htm
EX-32.1 c865-20190930xex32_1.htm
EX-32.2 c865-20190930xex32_2.htm

Lincoln National Life Insurance Earnings 2019-09-30

Balance SheetIncome StatementCash Flow
3302641981326602016201720182020
Assets, Equity
4.33.42.51.50.6-0.32016201720182020
Rev, G Profit, Net Income
2.21.40.5-0.3-1.2-2.02016201720182020
Ops, Inv, Fin

c865-20190930x10q
false--12-31Q30000726865YesYes0000726865cik0000726865:LincolnLifeAnnuityCompanyOfNewYorkMember2019-01-012019-09-300000726865us-gaap:CommonStockMember2019-07-012019-09-300000726865us-gaap:CommonStockMember2019-01-012019-09-300000726865us-gaap:CommonStockMember2018-07-012018-09-300000726865us-gaap:RetainedEarningsMember2019-09-300000726865us-gaap:CommonStockMember2019-09-300000726865us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-09-300000726865us-gaap:RetainedEarningsMember2019-06-300000726865us-gaap:CommonStockMember2019-06-300000726865us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-06-300000726865us-gaap:RetainedEarningsMember2018-12-310000726865us-gaap:CommonStockMember2018-12-310000726865us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-12-310000726865us-gaap:RetainedEarningsMember2018-09-300000726865us-gaap:CommonStockMember2018-09-300000726865us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-09-300000726865us-gaap:RetainedEarningsMember2018-06-300000726865us-gaap:CommonStockMember2018-06-300000726865us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-06-300000726865us-gaap:CommonStockMember2017-12-310000726865us-gaap:FixedMaturitiesMember2019-07-012019-09-300000726865us-gaap:FixedMaturitiesMember2019-01-012019-09-300000726865us-gaap:FixedMaturitiesMember2018-07-012018-09-300000726865us-gaap:FixedMaturitiesMember2018-01-012018-09-300000726865cik0000726865:AssociatedAmortizationOfDacVobaDsiAndDfelMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetGainLossFromCashFlowHedgesIncludingPortionAttributableToNoncontrollingInterestMember2019-01-012019-09-300000726865cik0000726865:AssociatedAmortizationOfDacVobaDsiAndDfelMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetGainLossFromCashFlowHedgesIncludingPortionAttributableToNoncontrollingInterestMember2018-01-012018-09-300000726865us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-07-012019-09-300000726865us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-01-012019-09-300000726865us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-07-012018-09-300000726865us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-01-012018-09-300000726865us-gaap:AccountingStandardsUpdate201602Member2019-09-300000726865us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetGainLossFromCashFlowHedgesIncludingPortionAttributableToNoncontrollingInterestMember2019-01-012019-09-300000726865us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetGainLossFromCashFlowHedgesIncludingPortionAttributableToNoncontrollingInterestMember2018-01-012018-09-300000726865us-gaap:InterestRateContractMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetGainLossFromCashFlowHedgesIncludingPortionAttributableToNoncontrollingInterestMember2019-01-012019-09-300000726865us-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherComprehensiveIncomeMember2018-07-012018-09-300000726865us-gaap:InterestRateContractMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetGainLossFromCashFlowHedgesIncludingPortionAttributableToNoncontrollingInterestMember2018-01-012018-09-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetGainLossFromCashFlowHedgesIncludingPortionAttributableToNoncontrollingInterestMember2018-01-012018-09-300000726865us-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherComprehensiveIncomeMember2018-01-012018-09-300000726865cik0000726865:RetirementPlanServicesSegmentMember2019-07-012019-09-300000726865cik0000726865:OtherOperationsMember2019-07-012019-09-300000726865cik0000726865:LifeSegmentMember2019-07-012019-09-300000726865cik0000726865:GroupProtectionSegmentMember2019-07-012019-09-300000726865cik0000726865:AnnuitiesSegmentMember2019-07-012019-09-300000726865cik0000726865:RetirementPlanServicesSegmentMember2019-01-012019-09-300000726865cik0000726865:OtherOperationsMember2019-01-012019-09-300000726865cik0000726865:LifeSegmentMember2019-01-012019-09-300000726865cik0000726865:GroupProtectionSegmentMember2019-01-012019-09-300000726865cik0000726865:AnnuitiesSegmentMember2019-01-012019-09-300000726865cik0000726865:RetirementPlanServicesSegmentMember2018-07-012018-09-300000726865cik0000726865:OtherOperationsMember2018-07-012018-09-300000726865cik0000726865:LifeSegmentMember2018-07-012018-09-300000726865cik0000726865:GroupProtectionSegmentMember2018-07-012018-09-300000726865cik0000726865:AnnuitiesSegmentMember2018-07-012018-09-300000726865cik0000726865:RetirementPlanServicesSegmentMember2018-01-012018-09-300000726865cik0000726865:OtherOperationsMember2018-01-012018-09-300000726865cik0000726865:LifeSegmentMember2018-01-012018-09-300000726865cik0000726865:GroupProtectionSegmentMember2018-01-012018-09-300000726865cik0000726865:AnnuitiesSegmentMember2018-01-012018-09-300000726865cik0000726865:ReturnOfNetDepositsMember2019-01-012019-09-300000726865cik0000726865:MinimumReturnMember2019-01-012019-09-300000726865cik0000726865:AnniversaryContractValueMember2019-01-012019-09-300000726865cik0000726865:ReturnOfNetDepositsMember2018-01-012018-12-310000726865cik0000726865:MinimumReturnMember2018-01-012018-12-310000726865cik0000726865:AnniversaryContractValueMember2018-01-012018-12-310000726865us-gaap:VariableAnnuityMemberus-gaap:FixedIncomeSecuritiesMember2019-09-300000726865us-gaap:VariableAnnuityMembercik0000726865:InternationalEquityMember2019-09-300000726865us-gaap:VariableAnnuityMembercik0000726865:DomesticEquityMember2019-09-300000726865us-gaap:VariableAnnuityMemberus-gaap:FixedIncomeSecuritiesMember2018-12-310000726865us-gaap:VariableAnnuityMembercik0000726865:InternationalEquityMember2018-12-310000726865us-gaap:VariableAnnuityMembercik0000726865:DomesticEquityMember2018-12-310000726865cik0000726865:ReturnOfNetDepositsMember2019-09-300000726865cik0000726865:AnniversaryContractValueMember2019-09-300000726865cik0000726865:ReturnOfNetDepositsMember2018-12-310000726865cik0000726865:AnniversaryContractValueMember2018-12-310000726865us-gaap:PendingLitigationMember2019-09-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeFinancialInstrumentsAssetsMemberus-gaap:OtherLiabilitiesMember2019-09-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:IndexedAnnuityContractsMembercik0000726865:FutureContractBenefitsMember2019-09-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMember2019-09-300000726865us-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865us-gaap:FairValueInputsLevel3Membercik0000726865:FutureContractBenefitsIndexedAnnuityAndUniversalLifeContractsEmbeddedDerivativesMembercik0000726865:FutureContractBenefitsMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeFinancialInstrumentsAssetsMemberus-gaap:OtherLiabilitiesMember2019-09-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeFinancialInstrumentsAssetsMemberus-gaap:OtherLiabilitiesMember2019-09-300000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:IndexedAnnuityContractsMembercik0000726865:FutureContractBenefitsMember2019-09-300000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMember2019-09-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:ReinsuranceRelatedEmbeddedDerivativesMember2019-09-300000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:ReinsuranceRelatedEmbeddedDerivativesMember2019-09-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:OtherLiabilitiesMember2018-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:IndexedAnnuityContractsMembercik0000726865:FutureContractBenefitsMember2018-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMember2018-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:OtherLiabilitiesMember2018-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeFinancialInstrumentsLiabilitiesMemberus-gaap:OtherLiabilitiesMember2018-12-310000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:IndexedAnnuityContractsMembercik0000726865:FutureContractBenefitsMember2018-12-310000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMember2018-12-310000726865srt:MaximumMemberus-gaap:ResidentialPortfolioSegmentMember2019-09-300000726865srt:MaximumMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2019-09-300000726865srt:MaximumMemberus-gaap:ResidentialPortfolioSegmentMember2018-12-310000726865cik0000726865:IndexedAnnuityContractsMemberus-gaap:OtherAssetsMember2019-09-300000726865cik0000726865:IndexedAnnuityContractsMembercik0000726865:FutureContractBenefitsMember2019-09-300000726865cik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMember2019-09-300000726865cik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:OtherAssetsMember2019-09-300000726865us-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2019-09-300000726865us-gaap:EquitySecuritiesMember2019-09-300000726865us-gaap:DerivativeFinancialInstrumentsAssetsMember2019-09-300000726865us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FixedMaturitiesMember2019-06-300000726865us-gaap:CorporateBondSecuritiesMemberus-gaap:FixedMaturitiesMember2019-06-300000726865us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2019-06-300000726865us-gaap:AssetBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2019-06-300000726865cik0000726865:IndexedAnnuityContractsMemberus-gaap:OtherAssetsMember2019-06-300000726865cik0000726865:IndexedAnnuityContractsMembercik0000726865:FutureContractBenefitsMember2019-06-300000726865cik0000726865:HybridAndRedeemablePreferredSecuritiesMemberus-gaap:FixedMaturitiesMember2019-06-300000726865cik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMember2019-06-300000726865cik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMember2019-06-300000726865cik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:OtherAssetsMember2019-06-300000726865us-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2019-06-300000726865us-gaap:EquitySecuritiesMember2019-06-300000726865us-gaap:DerivativeFinancialInstrumentsAssetsMember2019-06-3000007268652019-06-300000726865cik0000726865:IndexedAnnuityContractsMemberus-gaap:OtherAssetsMember2018-12-310000726865cik0000726865:IndexedAnnuityContractsMembercik0000726865:FutureContractBenefitsMember2018-12-310000726865cik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherAssetsMember2018-12-310000726865cik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMember2018-12-310000726865cik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:OtherAssetsMember2018-12-310000726865us-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2018-12-310000726865us-gaap:EquitySecuritiesMember2018-12-310000726865us-gaap:DerivativeFinancialInstrumentsAssetsMember2018-12-310000726865us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2018-09-300000726865us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FixedMaturitiesMember2018-09-300000726865us-gaap:CorporateBondSecuritiesMemberus-gaap:FixedMaturitiesMember2018-09-300000726865us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2018-09-300000726865us-gaap:AssetBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2018-09-300000726865cik0000726865:IndexedAnnuityContractsMemberus-gaap:OtherAssetsMember2018-09-300000726865cik0000726865:IndexedAnnuityContractsMembercik0000726865:FutureContractBenefitsMember2018-09-300000726865cik0000726865:HybridAndRedeemablePreferredSecuritiesMemberus-gaap:FixedMaturitiesMember2018-09-300000726865cik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherAssetsMember2018-09-300000726865cik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMember2018-09-300000726865cik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:OtherAssetsMember2018-09-300000726865us-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2018-09-300000726865us-gaap:EquitySecuritiesMember2018-09-300000726865us-gaap:DerivativeFinancialInstrumentsAssetsMember2018-09-300000726865us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FixedMaturitiesMember2018-06-300000726865us-gaap:CorporateBondSecuritiesMemberus-gaap:FixedMaturitiesMember2018-06-300000726865us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2018-06-300000726865us-gaap:AssetBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2018-06-300000726865cik0000726865:IndexedAnnuityContractsMemberus-gaap:OtherAssetsMember2018-06-300000726865cik0000726865:IndexedAnnuityContractsMembercik0000726865:FutureContractBenefitsMember2018-06-300000726865cik0000726865:HybridAndRedeemablePreferredSecuritiesMemberus-gaap:FixedMaturitiesMember2018-06-300000726865cik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherAssetsMember2018-06-300000726865cik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMember2018-06-300000726865cik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:OtherAssetsMember2018-06-300000726865us-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2018-06-300000726865us-gaap:EquitySecuritiesMember2018-06-300000726865us-gaap:DerivativeFinancialInstrumentsAssetsMember2018-06-3000007268652018-06-300000726865us-gaap:USGovernmentDebtSecuritiesMemberus-gaap:FixedMaturitiesMember2017-12-310000726865us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2017-12-310000726865us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FixedMaturitiesMember2017-12-310000726865us-gaap:CorporateBondSecuritiesMemberus-gaap:FixedMaturitiesMember2017-12-310000726865us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2017-12-310000726865us-gaap:AssetBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2017-12-310000726865cik0000726865:IndexedAnnuityContractsMemberus-gaap:OtherAssetsMember2017-12-310000726865cik0000726865:IndexedAnnuityContractsMembercik0000726865:FutureContractBenefitsMember2017-12-310000726865cik0000726865:HybridAndRedeemablePreferredSecuritiesMemberus-gaap:FixedMaturitiesMember2017-12-310000726865cik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherAssetsMember2017-12-310000726865cik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMember2017-12-310000726865cik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:OtherAssetsMember2017-12-310000726865us-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2017-12-310000726865us-gaap:DerivativeFinancialInstrumentsAssetsMember2017-12-310000726865cik0000726865:EquityAfsSecuritiesMember2017-12-310000726865cik0000726865:LibertyTransactionMemberus-gaap:CorporateBondSecuritiesMember2018-01-012018-09-300000726865cik0000726865:LibertyTransactionMemberus-gaap:AssetBackedSecuritiesMember2018-01-012018-09-300000726865cik0000726865:EquityAfsSecuritiesMember2018-01-012018-09-300000726865us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FixedMaturitiesMember2019-07-012019-09-300000726865us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FixedMaturitiesMember2019-01-012019-09-300000726865cik0000726865:HybridAndRedeemablePreferredSecuritiesMemberus-gaap:FixedMaturitiesMember2019-01-012019-09-300000726865cik0000726865:HybridAndRedeemablePreferredSecuritiesMemberus-gaap:FixedMaturitiesMember2018-07-012018-09-300000726865us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FixedMaturitiesMember2018-01-012018-09-300000726865cik0000726865:HybridAndRedeemablePreferredSecuritiesMemberus-gaap:FixedMaturitiesMember2018-01-012018-09-300000726865cik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMember2019-07-012019-09-300000726865cik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMember2019-07-012019-09-300000726865cik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:OtherAssetsMember2019-07-012019-09-300000726865cik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMember2019-01-012019-09-300000726865cik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherAssetsMember2019-01-012019-09-300000726865cik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMember2019-01-012019-09-300000726865cik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:OtherAssetsMember2019-01-012019-09-300000726865cik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherAssetsMember2018-07-012018-09-300000726865cik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMember2018-07-012018-09-300000726865cik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:OtherAssetsMember2018-07-012018-09-300000726865cik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherAssetsMember2018-01-012018-09-300000726865cik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMember2018-01-012018-09-300000726865cik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:OtherAssetsMember2018-01-012018-09-300000726865cik0000726865:GuaranteedLivingBenefitsEmbeddedDerivativeReservesMemberus-gaap:OtherLiabilitiesMember2019-07-012019-09-300000726865cik0000726865:GuaranteedLivingBenefitsEmbeddedDerivativeReservesMemberus-gaap:OtherAssetsMember2019-07-012019-09-300000726865cik0000726865:IndexedAnnuityContractsMember2019-07-012019-09-300000726865cik0000726865:GuaranteedLivingBenefitsEmbeddedDerivativeReservesMemberus-gaap:OtherLiabilitiesMember2019-01-012019-09-300000726865cik0000726865:GuaranteedLivingBenefitsEmbeddedDerivativeReservesMemberus-gaap:OtherAssetsMember2019-01-012019-09-300000726865cik0000726865:IndexedAnnuityContractsMember2019-01-012019-09-300000726865cik0000726865:GuaranteedLivingBenefitsEmbeddedDerivativeReservesMemberus-gaap:OtherLiabilitiesMember2018-07-012018-09-300000726865cik0000726865:GuaranteedLivingBenefitsEmbeddedDerivativeReservesMemberus-gaap:OtherAssetsMember2018-07-012018-09-300000726865cik0000726865:IndexedAnnuityContractsMember2018-07-012018-09-300000726865cik0000726865:GuaranteedLivingBenefitsEmbeddedDerivativeReservesMemberus-gaap:OtherLiabilitiesMember2018-01-012018-09-300000726865cik0000726865:GuaranteedLivingBenefitsEmbeddedDerivativeReservesMemberus-gaap:OtherAssetsMember2018-01-012018-09-300000726865cik0000726865:IndexedAnnuityContractsMember2018-01-012018-09-300000726865cik0000726865:InvestedAssetsMemberus-gaap:FinancialServiceMember2019-09-300000726865cik0000726865:InvestedAssetsMemberus-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMember2019-09-300000726865cik0000726865:InvestedAssetsMemberus-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember2019-09-300000726865cik0000726865:InvestedAssetsMembercik0000726865:ConsumerNonCyclicalIndustryMember2019-09-300000726865cik0000726865:InvestedAssetsMemberus-gaap:FinancialServiceMember2018-12-310000726865cik0000726865:InvestedAssetsMemberus-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMember2018-12-310000726865cik0000726865:InvestedAssetsMemberus-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember2018-12-310000726865cik0000726865:InvestedAssetsMembercik0000726865:ConsumerNonCyclicalIndustryMember2018-12-310000726865srt:MaximumMember2018-09-300000726865srt:MinimumMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMembercik0000726865:MeasurementInputLiquidityDurationAdjustmentMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MaximumMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMembercik0000726865:MeasurementInputLiquidityDurationAdjustmentMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865us-gaap:RetainedEarningsMember2019-07-012019-09-300000726865us-gaap:RetainedEarningsMember2019-01-012019-09-300000726865us-gaap:RetainedEarningsMember2018-07-012018-09-300000726865us-gaap:RetainedEarningsMember2018-01-012018-09-300000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMember2018-12-310000726865srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMemberus-gaap:MeasurementInputWithdrawalRateMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMemberus-gaap:MeasurementInputLapseRateMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMemberus-gaap:MeasurementInputCreditSpreadMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMembercik0000726865:MeasurementInputPremiumsUtilizationRateMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMembercik0000726865:MeasurementInputClaimsUtilizationRateMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MinimumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:FutureContractBenefitsIndexedAnnuityAndUniversalLifeContractsEmbeddedDerivativesMembercik0000726865:FutureContractBenefitsMemberus-gaap:MeasurementInputLapseRateMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MaximumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMemberus-gaap:MeasurementInputWithdrawalRateMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MaximumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MaximumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMemberus-gaap:MeasurementInputLapseRateMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MaximumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMemberus-gaap:MeasurementInputCreditSpreadMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MaximumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMembercik0000726865:MeasurementInputPremiumsUtilizationRateMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MaximumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherLiabilitiesMembercik0000726865:MeasurementInputClaimsUtilizationRateMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MaximumMemberus-gaap:FairValueInputsLevel3Membercik0000726865:FutureContractBenefitsIndexedAnnuityAndUniversalLifeContractsEmbeddedDerivativesMembercik0000726865:FutureContractBenefitsMemberus-gaap:MeasurementInputLapseRateMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865us-gaap:InterestRateContractMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2019-07-012019-09-300000726865us-gaap:EquityContractMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2019-07-012019-09-300000726865cik0000726865:ReinsuranceRelatedMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2019-07-012019-09-300000726865cik0000726865:IndexedAnnuityContractsMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2019-07-012019-09-300000726865cik0000726865:GuaranteedLivingBenefitsEmbeddedDerivativeReservesMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2019-07-012019-09-300000726865us-gaap:InterestRateContractMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2019-01-012019-09-300000726865us-gaap:EquityContractMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2019-01-012019-09-300000726865cik0000726865:ReinsuranceRelatedMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2019-01-012019-09-300000726865cik0000726865:IndexedAnnuityContractsMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2019-01-012019-09-300000726865cik0000726865:GuaranteedLivingBenefitsEmbeddedDerivativeReservesMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2019-01-012019-09-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:RealizedGainLossMember2019-07-012019-09-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:NetInvestmentIncomeMember2019-07-012019-09-300000726865us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:NetInvestmentIncomeMember2019-01-012019-09-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:RealizedGainLossMember2019-01-012019-09-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:NetInvestmentIncomeMember2019-01-012019-09-300000726865us-gaap:InterestRateContractMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:RealizedGainLossMember2018-07-012018-09-300000726865us-gaap:InterestRateContractMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:NetInvestmentIncomeMember2018-07-012018-09-300000726865us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:NetInvestmentIncomeMember2018-07-012018-09-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:NetInvestmentIncomeMember2018-07-012018-09-300000726865us-gaap:InterestRateContractMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2018-07-012018-09-300000726865us-gaap:EquityContractMemberus-gaap:NondesignatedMembercik0000726865:UnderwritingAcquisitionInsuranceAndOtherExpensesMember2018-07-012018-09-300000726865us-gaap:EquityContractMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2018-07-012018-09-300000726865cik0000726865:ReinsuranceRelatedMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2018-07-012018-09-300000726865cik0000726865:IndexedAnnuityContractsMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2018-07-012018-09-300000726865cik0000726865:GuaranteedLivingBenefitsEmbeddedDerivativeReservesMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2018-07-012018-09-300000726865us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2018-07-012018-09-300000726865us-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2018-07-012018-09-300000726865us-gaap:InterestRateContractMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:RealizedGainLossMember2018-01-012018-09-300000726865us-gaap:InterestRateContractMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:NetInvestmentIncomeMember2018-01-012018-09-300000726865us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:NetInvestmentIncomeMember2018-01-012018-09-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:NetInvestmentIncomeMember2018-01-012018-09-300000726865us-gaap:InterestRateContractMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2018-01-012018-09-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2018-01-012018-09-300000726865us-gaap:EquityContractMemberus-gaap:NondesignatedMembercik0000726865:UnderwritingAcquisitionInsuranceAndOtherExpensesMember2018-01-012018-09-300000726865us-gaap:EquityContractMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2018-01-012018-09-300000726865cik0000726865:ReinsuranceRelatedMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2018-01-012018-09-300000726865cik0000726865:IndexedAnnuityContractsMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2018-01-012018-09-300000726865cik0000726865:GuaranteedLivingBenefitsEmbeddedDerivativeReservesMemberus-gaap:NondesignatedMembercik0000726865:RealizedGainLossMember2018-01-012018-09-300000726865us-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2018-01-012018-09-300000726865us-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2018-01-012018-09-300000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:InterestRateContractMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-09-300000726865us-gaap:OtherAssetsMembercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:NondesignatedMember2019-09-300000726865cik0000726865:ReinsuranceRelatedEmbeddedDerivativesMembercik0000726865:ReinsuranceRelatedMemberus-gaap:NondesignatedMember2019-09-300000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:InterestRateContractMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2018-12-310000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-09-300000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-09-300000726865us-gaap:OtherLiabilitiesMembercik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:NondesignatedMember2019-09-300000726865cik0000726865:FutureContractBenefitsMembercik0000726865:IndexedAnnuityContractsMemberus-gaap:NondesignatedMember2019-09-300000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:InterestRateContractMemberus-gaap:NondesignatedMember2019-09-300000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMember2019-09-300000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:EquityContractMemberus-gaap:NondesignatedMember2019-09-300000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-09-300000726865cik0000726865:TotalDerivativeInstrumentsMember2019-09-300000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2018-12-310000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2018-12-310000726865us-gaap:OtherLiabilitiesMembercik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:NondesignatedMember2018-12-310000726865us-gaap:OtherAssetsMembercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:NondesignatedMember2018-12-310000726865cik0000726865:ReinsuranceRelatedEmbeddedDerivativesMembercik0000726865:ReinsuranceRelatedMemberus-gaap:NondesignatedMember2018-12-310000726865cik0000726865:FutureContractBenefitsMembercik0000726865:IndexedAnnuityContractsMemberus-gaap:NondesignatedMember2018-12-310000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:InterestRateContractMemberus-gaap:NondesignatedMember2018-12-310000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:EquityContractMemberus-gaap:NondesignatedMember2018-12-310000726865cik0000726865:DerivativeInvestmentsMemberus-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2018-12-310000726865cik0000726865:TotalDerivativeInstrumentsMember2018-12-310000726865srt:StandardPoorsBBBPlusRatingMember2019-09-300000726865srt:StandardPoorsARatingMember2019-09-300000726865srt:StandardPoorsAPlusRatingMember2019-09-300000726865srt:StandardPoorsAMinusRatingMember2019-09-300000726865srt:StandardPoorsAAMinusRatingMember2019-09-300000726865srt:StandardPoorsBBBPlusRatingMember2018-12-310000726865srt:StandardPoorsARatingMember2018-12-310000726865srt:StandardPoorsAPlusRatingMember2018-12-310000726865srt:StandardPoorsAMinusRatingMember2018-12-310000726865srt:StandardPoorsAAMinusRatingMember2018-12-310000726865srt:MinimumMembercik0000726865:IndexedAnnuityContractsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputLapseRateMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MinimumMembercik0000726865:GuaranteedLivingBenefitsEmbeddedDerivativeReservesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputWithdrawalRateMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MinimumMembercik0000726865:GuaranteedLivingBenefitsEmbeddedDerivativeReservesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MinimumMembercik0000726865:GuaranteedLivingBenefitsEmbeddedDerivativeReservesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputCreditSpreadMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MinimumMembercik0000726865:GuaranteedLivingBenefitsEmbeddedDerivativeReservesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMembercik0000726865:MeasurementInputPremiumsUtilizationRateMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MinimumMembercik0000726865:GuaranteedLivingBenefitsEmbeddedDerivativeReservesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMembercik0000726865:MeasurementInputClaimsUtilizationRateMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MinimumMembercik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputLapseRateMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MaximumMembercik0000726865:IndexedAnnuityContractsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputLapseRateMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MaximumMembercik0000726865:GuaranteedLivingBenefitsEmbeddedDerivativeReservesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputWithdrawalRateMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MaximumMembercik0000726865:GuaranteedLivingBenefitsEmbeddedDerivativeReservesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MaximumMembercik0000726865:GuaranteedLivingBenefitsEmbeddedDerivativeReservesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputCreditSpreadMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MaximumMembercik0000726865:GuaranteedLivingBenefitsEmbeddedDerivativeReservesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMembercik0000726865:MeasurementInputPremiumsUtilizationRateMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MaximumMembercik0000726865:GuaranteedLivingBenefitsEmbeddedDerivativeReservesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMembercik0000726865:MeasurementInputClaimsUtilizationRateMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MaximumMembercik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:MeasurementInputLapseRateMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865cik0000726865:AtheneHoldingLtd.Memberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2019-09-300000726865cik0000726865:AtheneHoldingLtd.Memberus-gaap:OtherInvestmentsMember2019-09-300000726865cik0000726865:AtheneHoldingLtd.Memberus-gaap:OtherAssetsMember2019-09-300000726865cik0000726865:AtheneHoldingLtd.Memberus-gaap:InvestmentIncomeMember2019-09-300000726865cik0000726865:AtheneHoldingLtd.Memberus-gaap:EquitySecuritiesMember2019-09-300000726865cik0000726865:AtheneHoldingLtd.Memberus-gaap:DerivativeMember2019-09-300000726865cik0000726865:AtheneHoldingLtd.Memberus-gaap:CommercialLoanMember2019-09-300000726865cik0000726865:AtheneHoldingLtd.Memberus-gaap:CashMember2019-09-300000726865cik0000726865:AtheneHoldingLtd.Memberus-gaap:AvailableforsaleSecuritiesMember2019-09-300000726865cik0000726865:AtheneHoldingLtd.Member2019-09-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetGainLossFromCashFlowHedgesIncludingPortionAttributableToNoncontrollingInterestMember2019-01-012019-09-300000726865cik0000726865:AssociatedAmortizationOfDacVobaDsiAndDfelMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-01-012019-09-300000726865us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-01-012019-09-300000726865us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMembercik0000726865:UnrealizedOtherThanTemporaryImpairmentOnAvailableForSaleSecuritiesMember2019-01-012019-09-300000726865cik0000726865:AssociatedAmortizationOfDacVobaDsiAndDfelMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2018-01-012018-09-300000726865us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2018-01-012018-09-300000726865us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMembercik0000726865:UnrealizedOtherThanTemporaryImpairmentOnAvailableForSaleSecuritiesMember2018-01-012018-09-300000726865us-gaap:RetainedEarningsMember2017-12-310000726865us-gaap:AccumulatedOtherComprehensiveIncomeMember2017-12-310000726865us-gaap:CreditDefaultSwapMember2019-09-300000726865us-gaap:CreditDefaultSwapMember2018-12-310000726865stpr:TXus-gaap:GeographicConcentrationRiskMemberus-gaap:MortgagesMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2019-01-012019-09-300000726865stpr:FLus-gaap:GeographicConcentrationRiskMemberus-gaap:MortgagesMemberus-gaap:ResidentialPortfolioSegmentMember2019-01-012019-09-300000726865stpr:CAus-gaap:GeographicConcentrationRiskMemberus-gaap:MortgagesMemberus-gaap:ResidentialPortfolioSegmentMember2019-01-012019-09-300000726865stpr:CAus-gaap:GeographicConcentrationRiskMemberus-gaap:MortgagesMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2019-01-012019-09-300000726865cik0000726865:InvestedAssetsMemberus-gaap:FinancialServiceMember2019-01-012019-09-300000726865cik0000726865:InvestedAssetsMemberus-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMember2019-01-012019-09-300000726865cik0000726865:InvestedAssetsMemberus-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember2019-01-012019-09-300000726865cik0000726865:InvestedAssetsMembercik0000726865:ConsumerNonCyclicalIndustryMember2019-01-012019-09-300000726865stpr:TXus-gaap:GeographicConcentrationRiskMemberus-gaap:MortgagesMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2018-01-012018-12-310000726865stpr:FLus-gaap:GeographicConcentrationRiskMemberus-gaap:MortgagesMemberus-gaap:ResidentialPortfolioSegmentMember2018-01-012018-12-310000726865stpr:CAus-gaap:GeographicConcentrationRiskMemberus-gaap:MortgagesMemberus-gaap:ResidentialPortfolioSegmentMember2018-01-012018-12-310000726865stpr:CAus-gaap:GeographicConcentrationRiskMemberus-gaap:MortgagesMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2018-01-012018-12-310000726865cik0000726865:InvestedAssetsMemberus-gaap:FinancialServiceMember2018-01-012018-12-310000726865cik0000726865:InvestedAssetsMemberus-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMember2018-01-012018-12-310000726865cik0000726865:InvestedAssetsMemberus-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember2018-01-012018-12-310000726865cik0000726865:InvestedAssetsMembercik0000726865:ConsumerNonCyclicalIndustryMember2018-01-012018-12-310000726865us-gaap:InterestRateContractMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:NetInvestmentIncomeMember2019-07-012019-09-300000726865us-gaap:InterestRateContractMemberus-gaap:FairValueHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMembercik0000726865:NetInvestmentIncomeMember2019-01-012019-09-3000007268652018-09-3000007268652017-12-310000726865cik0000726865:LibertyTransactionMember2019-01-012019-09-300000726865us-gaap:FixedMaturitiesMember2019-07-012019-09-300000726865us-gaap:FixedMaturitiesMember2019-01-012019-09-300000726865us-gaap:FixedMaturitiesMember2018-07-012018-09-300000726865us-gaap:FixedMaturitiesMember2018-01-012018-09-300000726865us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:USGovernmentDebtSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865cik0000726865:StructuredSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865cik0000726865:HybridAndRedeemablePreferredSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865cik0000726865:FixedMaturityAfsSecuritiesOtherThanStructuredSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:USGovernmentDebtSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865cik0000726865:HybridAndRedeemablePreferredSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:IndexedAnnuityContractsMemberus-gaap:OtherAssetsMember2019-09-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:HybridAndRedeemablePreferredSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:OtherAssetsMember2019-09-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentDebtSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:HybridAndRedeemablePreferredSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentDebtSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:HybridAndRedeemablePreferredSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865us-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865cik0000726865:IndexedAnnuityContractsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865cik0000726865:HybridAndRedeemablePreferredSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865cik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentDebtSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:IndexedAnnuityContractsMemberus-gaap:OtherAssetsMember2019-09-300000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:HybridAndRedeemablePreferredSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:OtherAssetsMember2019-09-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2019-09-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2019-09-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeFinancialInstrumentsAssetsMember2019-09-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2019-09-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2019-09-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeFinancialInstrumentsAssetsMember2019-09-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CashAndCashEquivalentsMember2019-09-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:SeperateAccountAssetsMember2019-09-300000726865us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2019-09-300000726865us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2019-09-300000726865us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:SeperateAccountAssetsMember2019-09-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2019-09-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2019-09-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeFinancialInstrumentsAssetsMember2019-09-300000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CashAndCashEquivalentsMember2019-09-300000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:SeperateAccountAssetsMember2019-09-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000726865us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000726865us-gaap:FairValueMeasurementsRecurringMember2019-09-300000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:IndexedAnnuityContractsMemberus-gaap:OtherAssetsMember2018-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:HybridAndRedeemablePreferredSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherAssetsMember2018-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:OtherAssetsMember2018-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentDebtSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:HybridAndRedeemablePreferredSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentDebtSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:HybridAndRedeemablePreferredSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentDebtSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:IndexedAnnuityContractsMemberus-gaap:OtherAssetsMember2018-12-310000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:HybridAndRedeemablePreferredSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:GlbDirectEmbeddedDerivativesMemberus-gaap:OtherAssetsMember2018-12-310000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:GLBCededEmbeddedDerivativesMemberus-gaap:OtherAssetsMember2018-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2018-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2018-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeFinancialInstrumentsAssetsMember2018-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2018-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2018-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeFinancialInstrumentsAssetsMember2018-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CashAndCashEquivalentsMember2018-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:SeperateAccountAssetsMember2018-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:ReinsuranceRelatedEmbeddedDerivativesMember2018-12-310000726865us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2018-12-310000726865us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2018-12-310000726865us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMembercik0000726865:SeperateAccountAssetsMember2018-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2018-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2018-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeFinancialInstrumentsAssetsMember2018-12-310000726865us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CashAndCashEquivalentsMember2018-12-310000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:SeperateAccountAssetsMember2018-12-310000726865us-gaap:FairValueMeasurementsRecurringMembercik0000726865:ReinsuranceRelatedEmbeddedDerivativesMember2018-12-310000726865us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000726865us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000726865us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000726865us-gaap:FairValueMeasurementsRecurringMember2018-12-310000726865us-gaap:CommercialRealEstatePortfolioSegmentMember2019-06-300000726865us-gaap:CommercialRealEstatePortfolioSegmentMember2018-09-300000726865us-gaap:CommercialRealEstatePortfolioSegmentMember2018-06-300000726865us-gaap:CommercialRealEstatePortfolioSegmentMember2017-12-310000726865srt:MaximumMember2018-01-012018-09-300000726865us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-09-300000726865us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-09-300000726865cik0000726865:UnrealizedOtherThanTemporaryImpairmentOnAvailableForSaleSecuritiesMember2019-09-300000726865cik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2019-09-300000726865us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2018-12-310000726865us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2018-12-310000726865cik0000726865:UnrealizedOtherThanTemporaryImpairmentOnAvailableForSaleSecuritiesMember2018-12-310000726865cik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2018-12-310000726865us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2018-09-300000726865us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2018-09-300000726865cik0000726865:UnrealizedOtherThanTemporaryImpairmentOnAvailableForSaleSecuritiesMember2018-09-300000726865cik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2018-09-300000726865us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2017-12-310000726865us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2017-12-310000726865cik0000726865:UnrealizedOtherThanTemporaryImpairmentOnAvailableForSaleSecuritiesMember2017-12-310000726865cik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2017-12-3100007268652019-10-310000726865us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:CorporateBondSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:AssetBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:FixedMaturitiesMember2019-09-300000726865us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:CorporateBondSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:AssetBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:FixedMaturitiesMember2018-12-310000726865us-gaap:CommonStockMember2018-01-012018-09-300000726865us-gaap:MortgageBackedSecuritiesMember2019-09-300000726865us-gaap:MortgageBackedSecuritiesMember2018-12-310000726865us-gaap:Maturity30To90DaysMemberus-gaap:CorporateBondSecuritiesMember2019-09-300000726865us-gaap:CorporateBondSecuritiesMember2019-09-300000726865us-gaap:MaturityOver90DaysMemberus-gaap:CorporateBondSecuritiesMember2018-12-310000726865us-gaap:CorporateBondSecuritiesMember2018-12-310000726865us-gaap:MaturityOvernightMemberus-gaap:CorporateBondSecuritiesMember2019-01-012019-09-300000726865us-gaap:CorporateBondSecuritiesMember2019-01-012019-09-300000726865us-gaap:MaturityOvernightMemberus-gaap:CorporateBondSecuritiesMember2018-01-012018-12-310000726865us-gaap:CorporateBondSecuritiesMember2018-01-012018-12-310000726865us-gaap:MaturityOvernightMember2019-09-300000726865us-gaap:Maturity30To90DaysMember2019-09-300000726865us-gaap:MaturityOvernightMember2018-12-310000726865us-gaap:MaturityOver90DaysMember2018-12-310000726865cik0000726865:AtheneHoldingLtd.Membercik0000726865:AtheneHoldingLtd.Member2019-09-300000726865us-gaap:InterestRateContractMember2019-09-300000726865us-gaap:ForeignExchangeContractMember2019-09-300000726865us-gaap:EquityContractMember2019-09-300000726865us-gaap:VariableAnnuityMember2019-09-300000726865us-gaap:VariableAnnuityMember2018-12-310000726865us-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMember2019-09-300000726865us-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMember2019-09-300000726865us-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMember2018-12-310000726865us-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMember2018-12-310000726865us-gaap:EstimateOfFairValueFairValueDisclosureMembercik0000726865:GlbDirectEmbeddedDerivativesMember2019-09-300000726865us-gaap:CarryingReportedAmountFairValueDisclosureMembercik0000726865:GlbDirectEmbeddedDerivativesMember2019-09-300000726865srt:MaximumMemberus-gaap:EquitySecuritiesMember2018-07-012018-09-300000726865us-gaap:EquitySecuritiesMember2018-01-012018-09-300000726865us-gaap:EstimateOfFairValueFairValueDisclosureMembercik0000726865:GLBCededEmbeddedDerivativesMember2019-09-300000726865us-gaap:CarryingReportedAmountFairValueDisclosureMembercik0000726865:GLBCededEmbeddedDerivativesMember2019-09-300000726865us-gaap:EstimateOfFairValueFairValueDisclosureMembercik0000726865:GlbDirectEmbeddedDerivativesMember2018-12-310000726865us-gaap:EstimateOfFairValueFairValueDisclosureMembercik0000726865:GLBCededEmbeddedDerivativesMember2018-12-310000726865us-gaap:CarryingReportedAmountFairValueDisclosureMembercik0000726865:GlbDirectEmbeddedDerivativesMember2018-12-310000726865us-gaap:CarryingReportedAmountFairValueDisclosureMembercik0000726865:GLBCededEmbeddedDerivativesMember2018-12-310000726865us-gaap:ResidentialPortfolioSegmentMember2019-09-300000726865us-gaap:CommercialRealEstatePortfolioSegmentMember2019-09-300000726865us-gaap:ResidentialPortfolioSegmentMember2018-12-310000726865us-gaap:CommercialRealEstatePortfolioSegmentMember2018-12-310000726865us-gaap:CommercialRealEstatePortfolioSegmentMember2018-01-012018-12-310000726865cik0000726865:MinimumReturnMember2019-09-300000726865cik0000726865:MinimumReturnMember2018-12-310000726865us-gaap:EstimateOfFairValueFairValueDisclosureMember2019-09-300000726865us-gaap:CarryingReportedAmountFairValueDisclosureMember2019-09-300000726865us-gaap:EstimateOfFairValueFairValueDisclosureMember2018-12-310000726865us-gaap:CarryingReportedAmountFairValueDisclosureMember2018-12-310000726865us-gaap:ResidentialPortfolioSegmentMember2018-01-012018-12-310000726865us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2019-07-012019-09-300000726865us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2019-07-012019-09-300000726865us-gaap:AssetBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2019-07-012019-09-300000726865cik0000726865:IndexedAnnuityContractsMemberus-gaap:OtherAssetsMember2019-07-012019-09-300000726865cik0000726865:IndexedAnnuityContractsMembercik0000726865:FutureContractBenefitsMember2019-07-012019-09-300000726865us-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2019-07-012019-09-300000726865us-gaap:EquitySecuritiesMember2019-07-012019-09-300000726865us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2019-01-012019-09-300000726865us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2019-01-012019-09-300000726865us-gaap:AssetBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2019-01-012019-09-300000726865cik0000726865:IndexedAnnuityContractsMemberus-gaap:OtherAssetsMember2019-01-012019-09-300000726865cik0000726865:IndexedAnnuityContractsMembercik0000726865:FutureContractBenefitsMember2019-01-012019-09-300000726865us-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2019-01-012019-09-300000726865us-gaap:EquitySecuritiesMember2019-01-012019-09-300000726865us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2018-07-012018-09-300000726865us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2018-07-012018-09-300000726865us-gaap:AssetBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2018-07-012018-09-300000726865cik0000726865:IndexedAnnuityContractsMemberus-gaap:OtherAssetsMember2018-07-012018-09-300000726865cik0000726865:IndexedAnnuityContractsMembercik0000726865:FutureContractBenefitsMember2018-07-012018-09-300000726865us-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2018-07-012018-09-300000726865us-gaap:USGovernmentDebtSecuritiesMemberus-gaap:FixedMaturitiesMember2018-01-012018-09-300000726865us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2018-01-012018-09-300000726865us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2018-01-012018-09-300000726865us-gaap:AssetBackedSecuritiesMemberus-gaap:FixedMaturitiesMember2018-01-012018-09-300000726865cik0000726865:IndexedAnnuityContractsMemberus-gaap:OtherAssetsMember2018-01-012018-09-300000726865cik0000726865:IndexedAnnuityContractsMembercik0000726865:FutureContractBenefitsMember2018-01-012018-09-300000726865us-gaap:TradingAssetsExcludingDebtAndEquitySecuritiesMember2018-01-012018-09-300000726865us-gaap:DerivativeFinancialInstrumentsAssetsMember2019-07-012019-09-300000726865us-gaap:DerivativeFinancialInstrumentsAssetsMember2019-01-012019-09-300000726865us-gaap:DerivativeFinancialInstrumentsAssetsMember2018-07-012018-09-300000726865us-gaap:DerivativeFinancialInstrumentsAssetsMember2018-01-012018-09-300000726865us-gaap:CorporateBondSecuritiesMemberus-gaap:FixedMaturitiesMember2019-07-012019-09-300000726865us-gaap:CorporateBondSecuritiesMemberus-gaap:FixedMaturitiesMember2019-01-012019-09-300000726865us-gaap:CorporateBondSecuritiesMemberus-gaap:FixedMaturitiesMember2018-07-012018-09-300000726865us-gaap:CorporateBondSecuritiesMemberus-gaap:FixedMaturitiesMember2018-01-012018-09-300000726865us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMembercik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2019-01-012019-09-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMembercik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2019-01-012019-09-300000726865us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMembercik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2018-01-012018-09-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMembercik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2018-01-012018-09-300000726865us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMembercik0000726865:NetInvestmentIncomeMembercik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2019-01-012019-09-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMembercik0000726865:RealizedGainLossMembercik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2019-01-012019-09-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMembercik0000726865:NetInvestmentIncomeMembercik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2019-01-012019-09-300000726865us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMembercik0000726865:NetInvestmentIncomeMembercik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2018-01-012018-09-300000726865us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMembercik0000726865:NetInvestmentIncomeMembercik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2018-01-012018-09-300000726865us-gaap:CommercialRealEstatePortfolioSegmentMembercik0000726865:LoanToValueRatioSixtyFiveToSeventyFourMember2019-09-300000726865us-gaap:CommercialRealEstatePortfolioSegmentMembercik0000726865:LoanToValueRatioSeventyFiveToOneHundredMember2019-09-300000726865us-gaap:CommercialRealEstatePortfolioSegmentMembercik0000726865:LoanToValueRatioLessThanSixtyFiveMember2019-09-300000726865us-gaap:CommercialRealEstatePortfolioSegmentMembercik0000726865:LoanToValueRatioSixtyFiveToSeventyFourMember2018-12-310000726865us-gaap:CommercialRealEstatePortfolioSegmentMembercik0000726865:LoanToValueRatioSeventyFiveToOneHundredMember2018-12-310000726865us-gaap:CommercialRealEstatePortfolioSegmentMembercik0000726865:LoanToValueRatioLessThanSixtyFiveMember2018-12-310000726865srt:MinimumMemberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMembercik0000726865:MeasurementInputLiquidityDurationAdjustmentMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MinimumMemberus-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMembercik0000726865:MeasurementInputLiquidityDurationAdjustmentMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MinimumMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMembercik0000726865:MeasurementInputLiquidityDurationAdjustmentMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MinimumMembercik0000726865:HybridAndRedeemablePreferredSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMembercik0000726865:MeasurementInputLiquidityDurationAdjustmentMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MaximumMemberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMembercik0000726865:MeasurementInputLiquidityDurationAdjustmentMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MaximumMemberus-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMembercik0000726865:MeasurementInputLiquidityDurationAdjustmentMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MaximumMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMembercik0000726865:MeasurementInputLiquidityDurationAdjustmentMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865srt:MaximumMembercik0000726865:HybridAndRedeemablePreferredSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FixedMaturitiesMembercik0000726865:MeasurementInputLiquidityDurationAdjustmentMemberus-gaap:IncomeApproachValuationTechniqueMember2019-09-300000726865us-gaap:ResidentialPortfolioSegmentMember2019-01-012019-09-3000007268652018-12-3100007268652019-09-300000726865srt:MinimumMember2019-01-012019-09-300000726865srt:MaximumMember2019-01-012019-09-300000726865srt:MinimumMember2019-09-300000726865srt:MaximumMember2019-09-300000726865cik0000726865:UnrealizedOtherThanTemporaryImpairmentOnAvailableForSaleSecuritiesMember2018-01-012018-09-300000726865cik0000726865:LimitedPartnershipsAndLimitedLiabilityCompaniesMember2019-09-300000726865cik0000726865:LimitedPartnershipsAndLimitedLiabilityCompaniesMember2018-12-310000726865cik0000726865:LibertyTransactionMember2019-09-300000726865cik0000726865:LibertyTransactionMember2018-05-012019-09-300000726865cik0000726865:FairValueDeclineGreaterThanTwentyPercentMember2019-09-300000726865cik0000726865:FairValueDeclineGreaterThanTwentyPercentMember2018-12-310000726865cik0000726865:UnrealizedOtherThanTemporaryImpairmentOnAvailableForSaleSecuritiesMember2019-01-012019-09-300000726865us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-01-012019-09-300000726865us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2018-01-012018-09-300000726865cik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2019-01-012019-09-300000726865cik0000726865:UnrealizedGainLossOnDerivativeInstrumentsMember2018-01-012018-09-300000726865cik0000726865:RealizedGainLossMember2019-07-012019-09-300000726865cik0000726865:NetInvestmentIncomeMember2019-07-012019-09-300000726865cik0000726865:RealizedGainLossMember2019-01-012019-09-300000726865cik0000726865:NetInvestmentIncomeMember2019-01-012019-09-300000726865us-gaap:CorporateBondSecuritiesMember2019-09-300000726865us-gaap:CorporateBondSecuritiesMember2018-12-310000726865us-gaap:FixedMaturitiesMember2019-09-3000007268652019-07-012019-09-3000007268652018-07-012018-09-3000007268652018-01-012018-09-3000007268652018-01-012018-12-310000726865us-gaap:CommercialRealEstatePortfolioSegmentMember2019-07-012019-09-300000726865us-gaap:CommercialRealEstatePortfolioSegmentMember2019-01-012019-09-300000726865us-gaap:CommercialRealEstatePortfolioSegmentMember2018-07-012018-09-300000726865us-gaap:CommercialRealEstatePortfolioSegmentMember2018-01-012018-09-300000726865us-gaap:MaterialReconcilingItemsMember2019-07-012019-09-300000726865us-gaap:MaterialReconcilingItemsMember2019-01-012019-09-300000726865us-gaap:MaterialReconcilingItemsMember2018-07-012018-09-300000726865us-gaap:MaterialReconcilingItemsMember2018-01-012018-09-3000007268652019-01-012019-09-30xbrli:sharescik0000726865:entitycik0000726865:itemcik0000726865:securityxbrli:pureiso4217:USD

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

_________________

 

FORM 10-Q

_________________

 (Mark One)

Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934  

For the quarterly period ended September 30, 2019  

OR

Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934  

For the transition period from                      to                     .

 

Commission File Number: 000-55871  

_________________

 

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY

(Exact name of registrant as specified in its charter)

_________________

 

                Indiana

35-0472300

(State or other jurisdiction of incorporation or organization)

(I.R.S. Employer Identification No.)

1300 South Clinton Street, Fort Wayne, Indiana

46802

(Address of principal executive offices)

(Zip Code)

 

(260) 455-2000

(Registrant’s telephone number, including area code)

_________________

Securities registered pursuant to Section 12(b) of the Act: None

  

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes      No  

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes      No  

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer ¨     Accelerated Filer ¨

Non-accelerated Filerx     Smaller Reporting Company ¨

Emerging Growth Company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes      No  

As of October 31, 2019, 10,000,000 shares of common stock of the registrant ($2.50 par value) were outstanding, all of which were directly owned by Lincoln National Corporation.

THE REGISTRANT MEETS THE CONDITIONS SET FORTH IN GENERAL INSTRUCTIONS H(1)(a) AND (b) OF

FORM 10-Q AND IS THEREFORE FILING THIS FORM 10-Q WITH THE REDUCED DISCLOSURE FORMAT.


The Lincoln National Life Insurance Company

 

Table of Contents

Item

Page

PART I

1.

Financial Statements

1

2.

Management’s Narrative Analysis of the Results of Operations

49

Forward-Looking Statements – Cautionary Language

49

Critical Accounting Policies and Estimates

50

Acquisitions and Dispositions

51

Results of Consolidated Operations

52

Results of Annuities

54

Results of Retirement Plan Services

56

Results of Life Insurance

58

Results of Group Protection

59

Results of Other Operations

61

Realized Gain (Loss)

62

Review of Consolidated Financial Condition

63

Liquidity and Capital Resources

63

3.

Quantitative and Qualitative Disclosures About Market Risk

65

4.

Controls and Procedures

65

PART II

1.

Legal Proceedings

66

1A.

Risk Factors

66

2.

Unregistered Sales of Equity Securities and Use of Proceeds

67

6.

Exhibits

67

 

Exhibit Index for the Report on Form 10-Q

68

Signatures

69


 

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY

CONSOLIDATED BALANCE SHEETS

(in millions, except share data)

As of

As of

September 30,

December 31,

2019

2018

(Unaudited)

ASSETS

Investments:

Fixed maturity available-for-sale securities, at fair value

(amortized cost: 2019 – $90,928; 2018 – $91,219)

$

101,925

$

92,787

Trading securities

4,619

1,869

Equity securities

158

99

Mortgage loans on real estate

15,859

13,190

Policy loans

2,458

2,491

Derivative investments

2,201

1,081

Other investments

2,641

1,962

Total investments

129,861

113,479

Cash and invested cash

2,238

1,848

Deferred acquisition costs and value of business acquired

7,514

10,308

Premiums and fees receivable

439

568

Accrued investment income

1,148

1,087

Reinsurance recoverables

19,491

19,826

Reinsurance related embedded derivatives

-

188

Funds withheld reinsurance assets

549

563

Goodwill

1,778

1,782

Other assets

18,175

16,663

Separate account assets

145,092

132,833

Total assets

$

326,285

$

299,145

LIABILITIES AND STOCKHOLDER’S EQUITY

Liabilities

Future contract benefits

$

35,398

$

33,884

Other contract holder funds

94,668

90,573

Short-term debt

568

288

Long-term debt

2,406

2,401

Reinsurance related embedded derivatives

465

-

Funds withheld reinsurance liabilities

6,229

4,860

Payables for collateral on investments