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OPERATING SEGMENTS (Tables)
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
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 June 30, 2016
 
For The Three Months Ended June 30, 2015
 
For The Six Months Ended June 30, 2016
 
February 1, 2015
to
June 30, 2015
 
January 1, 2015
to
January 31, 2015
 
(Dollars In Thousands)
 
(Dollars In Thousands)
Revenues
 

 
 
 
 
 
 

 
 

Life Marketing
$
412,892

 
$
379,122

 
$
821,974

 
$
651,298

 
$
145,595

Acquisitions
453,848

 
363,985

 
878,655

 
622,774

 
139,761

Annuities
97,243

 
145,085

 
235,657

 
248,454

 
7,884

Stable Value Products
26,237

 
16,656

 
56,139

 
26,998

 
8,181

Asset Protection
67,487

 
69,680

 
131,735

 
113,707

 
21,953

Corporate and Other
58,694

 
44,233

 
119,154

 
77,857

 
17,535

Total revenues
$
1,116,401

 
$
1,018,761

 
$
2,243,314

 
$
1,741,088

 
$
340,909

Segment Operating Income (Loss)
 

 
 
 
 
 
 

 
 

Life Marketing
$
24,562

 
$
6,651

 
$
38,263

 
$
10,076

 
$
(1,618
)
Acquisitions
45,285

 
37,876

 
113,938

 
73,946

 
20,134

Annuities
56,901

 
49,189

 
110,530

 
87,374

 
13,164

Stable Value Products
15,178

 
9,349

 
29,626

 
15,464

 
4,529

Asset Protection
5,462

 
5,897

 
10,761

 
9,944

 
2,420

Corporate and Other
(16,737
)
 
(9,881
)
 
(30,457
)
 
(7,996
)
 
(10,144
)
Total segment operating income
130,651

 
99,081

 
272,661

 
188,808

 
28,485

Realized investment (losses) gains - investments(1)
100,889

 
(115,706
)
 
184,050

 
(158,639
)
 
89,815

Realized investment (losses) gains - derivatives
(62,879
)
 
113,535

 
(116,208
)
 
159,568

 
(117,118
)
Income tax (expense) benefit
(56,541
)
 
(33,070
)
 
(113,035
)
 
(63,036
)
 
327

Net income
$
112,120

 
$
63,840

 
$
227,468

 
$
126,701

 
$
1,509

 
 
 
 
 
 
 
 
 
 
All other investment gains (losses)
$
87,816

 
$
(108,071
)
 
$
166,927

 
$
(143,127
)
 
$
80,672

Less: amortization related to DAC/VOBA and benefits and settlement expenses
(13,073
)
 
7,635

 
(17,123
)
 
15,512

 
(9,143
)
Realized investment gains (losses) - investments
$
100,889

 
$
(115,706
)
 
$
184,050

 
$
(158,639
)
 
$
89,815

 
 
 
 
 
 
 
 
 
 
Derivative financial instruments gains (losses)
$
(83,366
)
 
$
94,603

 
$
(156,865
)
 
$
128,244

 
$
(123,274
)
Less: VA GMWB economic cost
(20,487
)
 
(18,932
)
 
(40,657
)
 
(31,324
)
 
(6,156
)
Realized investment gains (losses) - derivatives
$
(62,879
)
 
$
113,535

 
$
(116,208
)
 
$
159,568

 
$
(117,118
)
 
(1) Includes credit related other-than-temporary impairments of $1.0 million, $3.6 million, $5.7 million, $5.7 million, and $0.5 million for the three and six months ended June 30, 2016 (Successor Company), the three months ended June 30, 2015 (Successor Company), for the period of February 1, 2015 to June 30, 2015 (Successor Company), and for the period of January 1, 2015 to January 31, 2015 (Predecessor Company), respectively.

 
Operating Segment Assets
As of June 30, 2016 (Successor Company)
 
(Dollars In Thousands)
 
Life
Marketing
 
Acquisitions
 
Annuities
 
Stable Value
Products
Investments and other assets
$
13,916,859

 
$
20,052,484

 
$
20,264,882

 
$
2,711,452

Deferred policy acquisition costs and value of business acquired
1,134,643

 
93,983

 
625,628

 
4,353

Other intangibles
310,809

 
38,380

 
190,116

 
9,056

Goodwill
200,274

 
14,524

 
336,677

 
113,813

Total assets
$
15,562,585

 
$
20,199,371

 
$
21,417,303

 
$
2,838,674

 
 
Asset
Protection
 
Corporate
and Other
 
Total
Consolidated
Investments and other assets
$
953,996

 
$
13,720,582

 
$
71,620,255

Deferred policy acquisition costs and value of business acquired
32,377

 
—

 
1,890,984

Other intangibles
76,782

 
—

 
625,143

Goodwill
67,155

 
—

 
732,443

Total assets
$
1,130,310

 
$
13,720,582

 
$
74,868,825

 
 
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