OPERATING SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2016

Summary of Financial Information for the Company's Segments

The following tables summarize financial information for the Company’s segments (Predecessor and Successor periods are not comparable):



	Successor Company						Predecessor Company
	For the Three Months Ended March 31, 2016			February 1, 2015 to March 31, 2015			January 1, 2015 to January 31, 2015
	(Dollars In Thousands)						(Dollars In Thousands)
Revenues
Life Marketing	$	409,082		$	272,176		$	145,595
Acquisitions	424,807			258,789			139,761
Annuities	138,414			103,369			7,884
Stable Value Products	29,902			10,342			8,181
Asset Protection	64,248			44,027			21,953
Corporate and Other	60,460			33,624			17,535
Total revenues	$	1,126,913		$	722,327		$	340,909
Segment Operating Income (Loss)
Life Marketing	$	13,701		$	3,425		$	(1,618	)
Acquisitions	68,653			36,070			20,134
Annuities	53,629			38,185			13,164
Stable Value Products	14,448			6,115			4,529
Asset Protection	5,300			4,047			2,420
Corporate and Other	(13,721		)	1,885			(10,144		)
Total segment operating income	142,010			89,727			28,485
Realized investment (losses) gains - investments⁽¹⁾	83,161			(42,933		)	89,815
Realized investment (losses) gains - derivatives	(53,329		)	46,033			(117,118		)
Income tax (expense) benefit	(56,494		)	(29,966		)	327
Net income	$	115,348		$	62,861		$	1,509

Investment gains (losses)	$	79,111		$	(35,056	)	$	80,672
Less: amortization related to DAC/VOBA and benefits and settlement expenses	(4,050		)	7,877			(9,143		)
Realized investment gains (losses) - investments	$	83,161		$	(42,933	)	$	89,815

Derivative gains (losses)	$	(73,499	)	$	33,641		$	(123,274	)
Less: VA GMWB economic cost	(20,170		)	(12,392		)	(6,156		)
Realized investment gains (losses) - derivatives	$	(53,329	)	$	46,033		$	(117,118	)

(1) Includes credit related other-than-temporary impairments of $2.6 million and $0.5 million for the three months ended March 31, 2016 (Successor Company) and for the period of January 1, 2015 to January 31, 2015 (Predecessor Company), respectively. The Company did not recognize any other-than-temporary impairments for the period of February 1, 2015 to March 31, 2015 (Successor Company).



	Operating Segment Assets As of March 31, 2016 (Successor Company)
	(Dollars In Thousands)
	Life Marketing		Acquisitions		Annuities		Stable Value Products
Investments and other assets	$	13,568,537	$	20,102,965	$	20,072,577	$	1,973,590
Deferred policy acquisition costs and value of business acquired	1,127,263		108,885		596,460		2,245
Other intangibles	314,883		39,019		193,448		9,222
Goodwill	200,274		14,524		336,677		113,813
Total assets	$	15,210,957	$	20,265,393	$	21,199,162	$	2,098,870



	Asset Protection		Corporate and Other		Total Consolidated
Investments and other assets	$	929,467	$	12,943,624	$	69,590,760
Deferred policy acquisition costs and value of business acquired	34,142		—		1,868,995
Other intangibles	78,231		—		634,803
Goodwill	67,155		—		732,443
Total assets	$	1,108,995	$	12,943,624	$	72,827,001



	Operating Segment Assets As of December 31, 2015 (Successor Company)
	(Dollars In Thousands)
	Life Marketing		Acquisitions			Annuities		Stable Value Products
Investments and other assets	$	13,258,639	$	19,879,988		$	19,926,108	$	2,006,263
Deferred policy acquisition costs and value of business acquired	1,119,515		(178,662		)	578,742		2,357
Other intangibles	319,623		39,658			196,780		9,389
Goodwill	200,274		14,524			336,677		113,813
Total assets	$	14,898,051	$	19,755,508		$	21,038,307	$	2,131,822



	Asset Protection		Corporate and Other		Total Consolidated
Investments and other assets	$	897,326	$	9,583,991	$	65,552,315
Deferred policy acquisition costs and value of business acquired	36,856		—		1,558,808
Other intangibles	79,681		—		645,131
Goodwill	67,155		—		732,443
Total assets	$	1,081,018	$	9,583,991	$	68,488,697