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INVESTMENT OPERATIONS - Additional Information (Details)
1 Months Ended 2 Months Ended 3 Months Ended 11 Months Ended
Jan. 31, 2015
USD ($)
Mar. 31, 2015
USD ($)
Mar. 31, 2016
USD ($)
position
subsidiary
Dec. 31, 2015
USD ($)
subsidiary
Successor        
Investment [Line Items]        
Gross realized gains on investments available-for-sale (fixed maturities, equity securities, and short-term investments)   $ 1,500,000 $ 9,000,000  
Gross realized losses   1,100,000 3,500,000  
Impairment losses on investments available-for-sale     2,600,000  
Fair value (proceeds) of securities in an unrealized gain position sold   282,900,000 309,200,000  
Gain realized on the sale of securities in an unrealized gain position   1,500,000 9,000,000  
Fair value (proceeds) of securities in an unrealized loss position sold   20,700,000 53,700,000  
Loss realized on the sale of securities in an unrealized loss position   1,100,000 3,500,000  
Other-than-temporary impairments of investments recorded   0 2,769,000  
Other-than-temporary impairments of investments recorded in other comprehensive income (loss)   0 152,000  
Gross unrealized loss greater than twelve months     $ 1,093,527,000 $ 0
Total positions that were in an unrealized loss position | position     2,108  
Available-for-sale securities, fair value     $ 35,525,919,000 33,847,196,000
Available-for-sale securities, amortized cost     37,429,686,000 36,724,217,000
Other-than-temporary impairments on held-to-maturity securities   0 0  
Held-to-maturity securities, unrecognized holding losses       78,300,000
Predecessor        
Investment [Line Items]        
Gross realized gains on investments available-for-sale (fixed maturities, equity securities, and short-term investments) $ 6,900,000      
Gross realized losses 500,000      
Impairment losses on investments available-for-sale 400,000      
Fair value (proceeds) of securities in an unrealized gain position sold 172,600,000      
Gain realized on the sale of securities in an unrealized gain position 6,900,000      
Fair value (proceeds) of securities in an unrealized loss position sold 400,000      
Other-than-temporary impairments of investments recorded 636,000      
Other-than-temporary impairments of investments recorded in other comprehensive income (loss) 155,000      
Other-than-temporary impairments on held-to-maturity securities 0      
Fixed maturities        
Investment [Line Items]        
Other-than-temporary impairments related to fixed maturities or equity securities that the Company intended to sell or expected to be required to sell   $ 0 0  
Fixed maturities | Successor        
Investment [Line Items]        
Trading securities     2,700,000,000 2,700,000,000
Available-for-sale securities, fair value     34,404,351,000 32,909,201,000
Available-for-sale securities, amortized cost     36,314,789,000 35,793,000,000
Held-to-maturity securities, gross unrecognized holding losses     64,382,000 78,314,000
Fixed maturities | Predecessor        
Investment [Line Items]        
Other-than-temporary impairments related to fixed maturities or equity securities that the Company intended to sell or expected to be required to sell 0      
Fixed income securities | Predecessor        
Investment [Line Items]        
Other-than-temporary impairments of investments recorded $ 600,000      
Equity securities | Successor        
Investment [Line Items]        
Trading securities     6,800,000 8,300,000
Gross unrealized loss greater than twelve months     688,000 0
Available-for-sale securities, fair value     715,338,000 731,004,000
Available-for-sale securities, amortized cost     708,667,000 724,226,000
Short-term investments | Successor        
Investment [Line Items]        
Trading securities     43,000,000 61,700,000
Available-for-sale securities, fair value     406,230,000 206,991,000
Available-for-sale securities, amortized cost     406,230,000 206,991,000
Residential mortgage-backed securities | Successor        
Investment [Line Items]        
Gross unrealized loss greater than twelve months     3,666,000 0
Available-for-sale securities, fair value     1,870,877,000 1,765,273,000
Available-for-sale securities, amortized cost     1,849,678,000 1,773,099,000
Commercial mortgage-backed securities | Successor        
Investment [Line Items]        
Gross unrealized loss greater than twelve months     5,095,000 0
Available-for-sale securities, fair value     1,462,697,000 1,286,887,000
Available-for-sale securities, amortized cost     1,465,623,000 1,328,317,000
Other asset-backed securities | Successor        
Investment [Line Items]        
Gross unrealized loss greater than twelve months     $ 6,988,000 0
Percentage of underlying collateral of student-loan backed auction rate securities guaranteed by the Federal Family Education Loan Program (FFELP), minimum     97.00%  
Available-for-sale securities, fair value     $ 963,538,000 797,051,000
Available-for-sale securities, amortized cost     992,128,000 813,056,000
States, municipals, and political subdivisions | Successor        
Investment [Line Items]        
Gross unrealized loss greater than twelve months     44,014,000 0
Available-for-sale securities, fair value     1,661,560,000 1,603,600,000
Available-for-sale securities, amortized cost     1,729,964,000 1,729,732,000
Corporate securities | Successor        
Investment [Line Items]        
Gross unrealized loss greater than twelve months     1,029,477,000 0
Available-for-sale securities, fair value     26,925,200,000 25,843,786,000
Available-for-sale securities, amortized cost     28,760,422,000 $ 28,499,691,000
Below investment grade | Successor        
Investment [Line Items]        
Trading securities     282,700,000  
Available-for-sale securities, fair value     1,800,000,000  
Available-for-sale securities, amortized cost     2,000,000,000  
Securities not publicly traded     $ 297,600,000  
Red Mountain        
Investment [Line Items]        
Number of wholly owned subsidiaries that were determined to be VIEs | subsidiary       1
Ownership through an affiliate (as a percent)     100.00%  
Risk of loss related to the VIE limited to the entity's investment     $ 10,000  
Red Mountain | Successor        
Investment [Line Items]        
Payments made     $ 0  
Steel City        
Investment [Line Items]        
Ownership through an affiliate (as a percent)     100.00%  
Risk of loss related to the VIE limited to the entity's investment     $ 10,000  
Steel City | Successor        
Investment [Line Items]        
Payments made     $ 0  
Red Mountain and Steel City        
Investment [Line Items]        
Number of wholly owned subsidiaries that were determined to be VIEs | subsidiary     2