ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following tables summarize the changes in the accumulated balances for each component of accumulated other comprehensive income (loss) (“AOCI”) as of March 31, 2016 (Successor Company), December 31, 2015 (Successor Company), and January 31, 2015 (Predecessor Company).



Successor Company	Unrealized Gains and Losses on Investments(2)			Accumulated Gain and Loss Derivatives		Minimum Pension Liability Adjustment		Total Accumulated Other Comprehensive Income (Loss)
	(Dollars In Thousands, Net of Tax)
Beginning Balance, December 31, 2015	$	(1,247,065	)	$	—	$	5,931	$	(1,241,134	)
Other comprehensive income (loss) before reclassifications	438,936			—		—		438,936
Other comprehensive income (loss) relating to other-than-temporary impaired investments for which a portion has been recognized in earnings	294			—		—		294
Amounts reclassified from accumulated other comprehensive income (loss)(1)	(1,910		)	—		—		(1,910		)
Net current-period other comprehensive income (loss)	437,320			—		—		437,320
Ending Balance, March 31, 2016	$	(809,745	)	$	—	$	5,931	$	(803,814	)

(1) See Reclassification table below for details.

(2) As of March 31, 2016 net unrealized losses reported in AOCI were offset by $427.6 million due to the impact those net unrealized losses would have had on certain of the Company’s insurance assets and liabilities if the net unrealized losses had been recognized in net income.

Changes in Accumulated Other Comprehensive Income (Loss) by Component



Successor Company	Unrealized Gains and Losses on Investments(2)			Accumulated Gain and Loss Derivatives			Minimum Pension Liability Adjustment		Total Accumulated Other Comprehensive Income (Loss)
	(Dollars In Thousands, Net of Tax)
Beginning Balance, February 1, 2015	$	—		$	—		$	—	$	—
Other comprehensive income (loss) before reclassifications	(1,264,034		)	(86		)	5,931		(1,258,189		)
Other comprehensive income (loss) relating to other-than-temporary impaired investments for which a portion has been recognized in earnings	(393		)	—			—		(393		)
Amounts reclassified from accumulated other comprehensive income (loss)(1)	17,362			86			—		17,448
Net current-period other comprehensive income (loss)	(1,247,065		)	—			5,931		(1,241,134		)
Ending Balance, December 31, 2015	$	(1,247,065	)	$	—		$	5,931	$	(1,241,134	)

(1) See Reclassification table below for details.

(2) As of December 31, 2015, net unrealized losses reported in AOCI were offset by $623.0 million due to the impact those net unrealized losses would have had on certain of the Company’s insurance assets and liabilities if the net unrealized losses had been recognized in net income.

Changes in Accumulated Other Comprehensive Income (Loss) by Component



Predecessor Company	Unrealized Gains and Losses on Investments(2)			Accumulated Gain and Loss Derivatives			Minimum Pension Liability Adjustment			Total Accumulated Other Comprehensive Income (Loss)
	(Dollars In Thousands, Net of Tax)
Beginning Balance, December 31, 2014	$	1,484,169		$	(82	)	$	(66,011	)	$	1,418,076
Other comprehensive income (loss) before reclassifications	482,370			9			(12,527		)	469,852
Other comprehensive income (loss) relating to other- than-temporary impaired investments for which a portion has been recognized in earnings	(243		)	—			—			(243		)
Amounts reclassified from accumulated other comprehensive income (loss)(1)	(4,166		)	23			502			(3,641		)
Net current-period other comprehensive income (loss)	477,961			32			(12,025		)	465,968
Ending Balance, January 31, 2015	$	1,962,130		$	(50	)	$	(78,036	)	$	1,884,044

(1) See Reclassification table below for details.

(2) As of January 31, 2015 net unrealized losses reported in AOCI were offset by $(492.6) million due to the impact those net unrealized losses would have had on certain of the Company’s insurance assets and liabilities if the net unrealized losses had been recognized in net income.

The following tables summarize the reclassifications amounts out of AOCI for the three months ended March 31, 2016 (Successor Company), the period of February 1, 2015 to March 31, 2015 (Successor Company), and for the period of January 1, 2015 to January 31, 2015 (Predecessor Company).

Reclassifications Out of Accumulated Other Comprehensive Income (Loss)



	Amount Reclassified from Accumulated
Successor Company	Other Comprehensive			Affected Line Item in the
For The Three Months Ended March 31, 2016	Income (Loss)			Consolidated Condensed Statements of Income
	(Dollars In Thousands)
Unrealized gains and losses on available-for-sale securities
Net investment gains (losses)	$	5,555		Realized investment gains (losses): All other investments
Impairments recognized in earnings	(2,617		)	Net impairment losses recognized in earnings
	2,938			Total before tax
	(1,028		)	Tax (expense) or benefit
	$	1,910		Net of tax

(1) See Note 16, Derivative Financial Instruments for additional information.

Reclassifications Out of Accumulated Other Comprehensive Income (Loss)



	Amount Reclassified from Accumulated
Successor Company	Other Comprehensive			Affected Line Item in the
February 1, 2015 to March 31, 2015	Income (Loss)			Consolidated Condensed Statements of Income
	(Dollars In Thousands)
Gains and losses on derivative instruments
Net settlement (expense)/benefit(1)	$	(90	)	Benefits and settlement expenses, net of reinsurance ceded
	(90		)	Total before tax
	31			Tax (expense) or benefit
	$	(59	)	Net of tax
Unrealized gains and losses on available-for-sale securities
Net investment gains (losses)	$	373		Realized investment gains (losses): All other investments
Impairments recognized in earnings	—			Net impairment losses recognized in earnings
	373			Total before tax
	(131		)	Tax (expense) or benefit
	$	242		Net of tax

(1) See Note 16, Derivative Financial Instruments for additional information.

Reclassifications Out of Accumulated Other Comprehensive Income (Loss)



	Amount Reclassified from Accumulated
Predecessor Company	Other Comprehensive			Affected Line Item in the
January 1, 2015 to January 31, 2015	Income (Loss)			Consolidated Condensed Statements of Income
	(Dollars In Thousands)
Gains and losses on derivative instruments
Net settlement (expense)/benefit(1)	$	(36	)	Benefits and settlement expenses, net of reinsurance ceded
	(36		)	Total before tax
	13			Tax (expense) or benefit
	$	(23	)	Net of tax
Unrealized gains and losses on available-for-sale securities
Net investment gains (losses)	$	6,891		Realized investment gains (losses): All other investments
Impairments recognized in earnings	(481		)	Net impairment losses recognized in earnings
	6,410			Total before tax
	(2,244		)	Tax (expense) or benefit
	$	4,166		Net of tax
Postretirement benefits liability adjustment
Amortization of net actuarial gain/(loss)	$	(808	)	Other operating expenses
Amortization of prior service credit/(cost)	31			Other operating expenses
Amortization of transition asset/(obligation)	5			Other operating expenses
	(772		)	Total before tax
	270			Tax (expense) or benefit
	$	(502	)	Net of tax

(1) See Note 16, Derivative Financial Instruments for additional information.