Dispositions (Tables)

12 Months Ended

Dec. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

Gain by Transaction Component

The following represents a summary of the pre-tax gain recognized in 2016 by transaction component, as well as the related classification within the Consolidated Financial Statements:

Total expected gains, after adjustment and contingent consideration	$	656,497
Transaction closing gains on March 1, 2016:
Gain on sale of entities, net of transaction costs	41,098
Novations, resulting in recognized gains	60,913			(b)
Loss on retroactive reinsurance component, before realized gains	(128,661		)	(c)
Net loss prior to realized gains on transferred securities supporting retroactive component	(26,650		)	(a)
Realized gains on transferred securities supporting retroactive component	146,727			(c)
Net gains realized as of March 1, 2016	120,077
Realized gains related to contingent consideration	16,000			(d)
Deferred gains as of March 1, 2016, after adjustment	520,420
Amortization of deferred gains for the three months ended March 31, 2016	44,593			(d)
Amortization of deferred gains for the three months ended June 30, 2016	122,835			(d)
Amortization of deferred gains for the three months ended September 30, 2016	116,856			(d)
Amortization of deferred gains for the three months ended December 31, 2016	82,271			(d)
Subtotal amortization of deferred gains for the year ended December 31, 2016	366,555			(d)
Deferred gains as of December 31, 2016	153,865			(e)
Total net gains realized for 2016	$	502,632

(a) Amount classified within underwriting, general and administrative expenses within the consolidated statements of operations.

(b) Novations of certain insurance policies directly to Sun Life allowed for immediate gain recognition.

(c) Reinsurance of existing claims liabilities requires retroactive accounting necessitating losses to be recognized immediately. However, upon transfer of the associated assets supporting the liabilities, the Company recognized realized gains which more than offset the retroactive losses. The Company was required to classify the realized gains as part of net realized gains on investments, within the consolidated statements of operations.

(d) Amount classified as amortization of deferred gains and gains on disposal of businesses within the consolidated statements of operations.

(e) Amount classified as a component of the deferred gains on disposal of businesses within the consolidated balance sheets.