• Filing Date: 2018-05-10
  • Form Type: 10-Q
  • Description: Quarterly report
v3.8.0.1
Fair Value Measurements - Quantitative Information about Level 3 Fair Value Measurements (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2018
Dec. 31, 2017
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Investment in life settlements $ 567,628 $ 567,492
Aggregate death benefit at 3/31/18 $ 2,852,803 $ 2,880,487
Weighted average discount rate (as percent) 15.99%  
Life Finance    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Discount Rate 15.99% 15.95%
Revolving Credit Facility    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value of outstanding debt $ 347,860  
Revolving Credit Facility | White Eagle    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value of outstanding debt $ 347,900  
Minimum | Non Premium Financed    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Discount Rate 14.50%  
Minimum | Premium Financed    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Discount Rate 15.50%  
Maximum | Non Premium Financed    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Discount Rate 17.50%  
Maximum | Premium Financed    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Discount Rate 21.00%  
Level 3    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Investment in life settlements $ 567,628 $ 567,492
Level 3 | Life Finance    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Investment in life settlements 567,628  
Aggregate death benefit at 3/31/18 $ 2,852,803  
Valuation Technique Discounted cash flow  
Weighted average life expectancy valuation period 8 years 1 month 6 days  
Discount Rate 15.99%  
Level 3 | Life Finance | Non Premium Financed    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Investment in life settlements $ 100,678  
Aggregate death benefit at 3/31/18 $ 301,963  
Valuation Technique Discounted cash flow  
Weighted average life expectancy valuation period 5 years 2 months 12 days  
Level 3 | Life Finance | Premium Financed    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Investment in life settlements $ 466,950  
Aggregate death benefit at 3/31/18 $ 2,550,840  
Valuation Technique Discounted cash flow  
Weighted average life expectancy valuation period 8 years 6 months  
Level 3 | Revolving Credit Facility    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Discount Rate 18.91%  
Level 3 | Revolving Credit Facility | White Eagle    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value of outstanding debt $ 347,860  
Aggregate death benefit at 3/31/18 $ 2,840,803  
Valuation Technique Discounted cash flow  
Weighted average life expectancy valuation period 8 years 1 month 6 days  
Weighted average discount rate (as percent) 18.91%  
Level 3 | Minimum | Life Finance | Non Premium Financed    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Discount Rate 14.50%  
Level 3 | Minimum | Life Finance | Premium Financed    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Discount Rate 15.50%  
Level 3 | Maximum | Life Finance | Non Premium Financed    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Discount Rate 17.50%  
Level 3 | Maximum | Life Finance | Premium Financed    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Discount Rate 21.00%