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FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 2)
1 Months Ended 3 Months Ended 5 Months Ended 6 Months Ended 11 Months Ended 12 Months Ended
Jan. 31, 2015
USD ($)
Jun. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
Jun. 30, 2015
USD ($)
Jun. 30, 2016
USD ($)
quote
primary_source
Dec. 31, 2015
USD ($)
Dec. 31, 2015
USD ($)
Determination of fair values              
Number of primary sources of information used for determining fair value | primary_source         1    
Total number of primary sources of information available for determining fair value | primary_source         3    
Minimum percentage of the Company's fixed maturity securities priced by third party pricing services         90.00%    
Number of independent non-binding broker quotes obtained per security | quote         1    
Annuity account              
Annuity account balances              
Discount rate curve, base rate         LIBOR    
Embedded derivative - GMWB              
Annuity account balances              
Discount rate curve, base rate         LIBOR    
Embedded derivative - GMWB | Minimum              
Unobservable input              
Mortality (as a percent)         44.50%    
Embedded derivative - GMWB | Maximum              
Unobservable input              
Mortality (as a percent)         100.00%    
Embedded derivative - FIA              
Annuity account balances              
Discount rate curve, base rate         LIBOR    
Embedded derivative - FIA | Minimum              
Unobservable input              
Mortality (as a percent)         49.00%    
Embedded derivative - FIA | Maximum              
Unobservable input              
Mortality (as a percent)         80.00%    
Embedded derivative - IUL              
Annuity account balances              
Discount rate curve, base rate         LIBOR    
Embedded derivative - IUL | Minimum              
Unobservable input              
Mortality (as a percent)         38.00%    
Embedded derivative - IUL | Maximum              
Unobservable input              
Mortality (as a percent)         153.00%    
Successor              
Determination of fair values              
Percentage of derivatives excluding embedded derivatives that were priced using exchange prices or independent broker quotations         100.00%    
Liabilities:              
Fair value   $ 1,045,116,000     $ 1,045,116,000 $ 629,555,000 $ 629,555,000
Annuity account balances              
Financial instruments with book value approximating fair value   66,700,000     $ 66,700,000 66,700,000 66,700,000
Successor | Annuity account              
Annuity account balances              
Equity indexed annuities, discount rate for one month (as a percent)         0.68%    
Equity indexed annuities, discount rate for five years (as a percent)         1.82%    
Equity indexed annuities, discount rate for thirty years (as a percent)         3.03%    
Successor | Level 3              
Liabilities:              
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net   (16,773,000) $ (21,803,000) $ (41,853,000) $ (78,838,000)    
Annuity account balances              
Financial instruments that are valued using broker quotes   205,400,000     205,400,000 200,500,000 200,500,000
Successor | Level 3 | Annuity account              
Liabilities:              
Fair value   88,820,000     88,820,000 $ 92,512,000 $ 92,512,000
Successor | Level 3 | Annuity account | Actuarial cash flow model              
Unobservable input              
Expenses per Policy         $ 83    
Withdrawal rate (as a percent)         2.20%   2.20%
Successor | Level 3 | Annuity account | Actuarial cash flow model | Minimum              
Unobservable input              
Fair Value Inputs, Lapse Rate         2.20% 2.20%  
Mortality (as a percent)           0.00%  
Nonperformance risk (as a percent)         0.22% 0.18%  
Asset earned rate (as a percent)         4.53% 4.53%  
Expenses per Policy           $ 81  
Return on assets (as a percent)         1.50% 1.50%  
Successor | Level 3 | Annuity account | Actuarial cash flow model | Maximum              
Unobservable input              
Fair Value Inputs, Lapse Rate         33.00% 33.00%  
Mortality (as a percent)           0.00%  
Nonperformance risk (as a percent)         1.20% 1.04%  
Asset earned rate (as a percent)         5.67% 5.67%  
Return on assets (as a percent)         1.85% 1.85%  
Successor | Other asset-back securities | Level 2              
Determination of fair values              
Fair Value   4,700,000,000     $ 4,700,000,000    
Successor | Other asset-back securities | Level 3              
Determination of fair values              
Fair Value   685,100,000     $ 685,100,000    
Successor | Other asset-backed securities              
Determination of fair values              
Percentage of underlying collateral of student-loan backed auction rate securities guaranteed by the Federal Family Education Loan Program (FFELP), minimum         97.00%    
Successor | Other asset-backed securities | Level 3              
Determination of fair values              
Fair Value   524,166,000     $ 524,166,000 $ 587,031,000 $ 587,031,000
Percentage of underlying collateral of student-loan backed auction rate securities guaranteed by the Federal Family Education Loan Program (FFELP), minimum         97.00%    
Annuity account balances              
Financial instruments that are valued using broker quotes   160,900,000     $ 160,900,000 $ 152,900,000 152,900,000
Successor | Other asset-backed securities | Level 3 | Discounted cash flow | Minimum              
Unobservable input              
Liquidity premium (as a percent)         0.24% 0.27%  
Paydown rate (as a percent)         9.37% 10.20%  
Successor | Other asset-backed securities | Level 3 | Discounted cash flow | Maximum              
Unobservable input              
Liquidity premium (as a percent)         1.14% 1.49%  
Paydown rate (as a percent)         11.91% 14.72%  
Successor | Other asset-backed securities | Level 3 | Discounted cash flow | Weighted average              
Unobservable input              
Liquidity premium (as a percent)         0.55% 0.42%  
Paydown rate (as a percent)         10.16% 13.11%  
Successor | Other asset-backed securities | Level 3 | Available-for-sale securities              
Determination of fair values              
Fair Value   533,100,000     $ 533,100,000    
Successor | Other asset-backed securities | Level 3 | Trading securities              
Determination of fair values              
Fair Value   152,000,000     152,000,000    
Successor | Corporate Bonds And Securities [Member] | Level 2              
Determination of fair values              
Fair Value   31,500,000,000     31,500,000,000    
Successor | Corporate Bonds And Securities [Member] | Level 3              
Determination of fair values              
Fair Value   799,700,000     799,700,000    
Successor | Embedded derivative - GMWB | Level 3              
Liabilities:              
Fair value   518,871,000     $ 518,871,000 $ 181,612,000 181,612,000
Successor | Embedded derivative - GMWB | Level 3 | Actuarial cash flow model              
Unobservable input              
Utilization (as a percent)         99.00%    
Policies that have a one-time over-utilization rate of a specified amount (as a percent)         10.00%    
Specified level of one-time over-utilization (as a percent)         400.00%    
Successor | Embedded derivative - GMWB | Level 3 | Actuarial cash flow model | Minimum              
Unobservable input              
Fair Value Inputs, Lapse Rate         0.30% 0.30%  
Mortality (as a percent)            
Utilization (as a percent)           99.00%  
Nonperformance risk (as a percent)         0.22% 0.18%  
Successor | Embedded derivative - GMWB | Level 3 | Actuarial cash flow model | Maximum              
Unobservable input              
Fair Value Inputs, Lapse Rate         15.00% 15.00%  
Mortality (as a percent)            
Utilization (as a percent)           10.00%  
Nonperformance risk (as a percent)         1.20% 1.04%  
Successor | Equity securities              
Determination of fair values              
Fair Value   69,800,000     $ 69,800,000    
Federal Home Loan Bank Stock   65,700,000     65,700,000    
Successor | Equity securities | Level 3              
Annuity account balances              
Financial instruments that are valued using broker quotes   3,100,000     3,100,000 $ 3,100,000 3,100,000
Successor | Corporate securities | Level 3              
Determination of fair values              
Fair Value   758,312,000     758,312,000 875,810,000 875,810,000
Annuity account balances              
Financial instruments that are valued using broker quotes   41,400,000     $ 41,400,000 $ 44,500,000 44,500,000
Successor | Corporate securities | Level 3 | Discounted cash flow | Minimum              
Unobservable input              
Spread over treasury (as a percent)         0.70% 0.10%  
Successor | Corporate securities | Level 3 | Discounted cash flow | Maximum              
Unobservable input              
Spread over treasury (as a percent)         6.25% 19.00%  
Successor | Corporate securities | Level 3 | Discounted cash flow | Weighted average              
Unobservable input              
Spread over treasury (as a percent)         2.45% 2.61%  
Successor | Embedded derivative - FIA | Level 3              
Liabilities:              
Fair value   119,997,000     $ 119,997,000 $ 100,329,000 100,329,000
Successor | Embedded derivative - FIA | Level 3 | Actuarial cash flow model              
Unobservable input              
Expenses per Policy         $ 83    
Successor | Embedded derivative - FIA | Level 3 | Actuarial cash flow model | Minimum              
Unobservable input              
Fair Value Inputs, Lapse Rate         2.50% 2.50%  
Mortality (as a percent)           49.00%  
Nonperformance risk (as a percent)         0.22% 0.18%  
Expenses per Policy           $ 81.50  
Withdrawal rate (as a percent)         1.10% 1.10%  
Successor | Embedded derivative - FIA | Level 3 | Actuarial cash flow model | Maximum              
Unobservable input              
Fair Value Inputs, Lapse Rate         40.00% 40.00%  
Mortality (as a percent)           80.00%  
Nonperformance risk (as a percent)         1.20% 1.04%  
Withdrawal rate (as a percent)         4.50% 4.50%  
Successor | Embedded derivative - IUL | Level 3              
Liabilities:              
Fair value   46,711,000     $ 46,711,000 $ 29,629,000 $ 29,629,000
Successor | Embedded derivative - IUL | Level 3 | Actuarial cash flow model | Minimum              
Unobservable input              
Fair Value Inputs, Lapse Rate         0.50% 0.50%  
Mortality (as a percent)         38.00% 38.00%  
Nonperformance risk (as a percent)         0.22% 0.18%  
Successor | Embedded derivative - IUL | Level 3 | Actuarial cash flow model | Maximum              
Unobservable input              
Fair Value Inputs, Lapse Rate         10.00% 10.00%  
Mortality (as a percent)         153.00% 153.00%  
Nonperformance risk (as a percent)         1.20% 1.04%  
Successor | Embedded derivative - Modified coinsurance agreements              
Liabilities:              
Statutory policy liabilities (net of policy loans)   2,400,000,000     $ 2,400,000,000    
Successor | Embedded derivative - Modified coinsurance agreements | Trading securities              
Determination of fair values              
Fair Value   $ 253,200,000     $ 253,200,000    
Predecessor | Level 3              
Liabilities:              
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net $ 43,205,000