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OFFSETTING OF ASSETS AND LIABILITIES - Schedule of Derivative Instruments by Assets (Details) - Successor - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Offsetting of Derivative Assets    
Gross Amounts of Recognized Assets $ 626,618 $ 352,016
Gross Amounts Offset in the Statement of Financial Position 0 0
Net Amounts of Assets Presented in the Statement of Financial Position 626,618 352,016
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments 66,347 42,382
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Received 336,163 105,842
Net Amount 224,108 203,792
Total derivatives, subject to a master netting arrangement or similar arrangement    
Offsetting of Derivative Assets    
Gross Amounts of Recognized Assets 577,370 254,840
Gross Amounts Offset in the Statement of Financial Position 0 0
Net Amounts of Assets Presented in the Statement of Financial Position 577,370 254,840
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments 66,347 42,382
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Received 336,163 105,842
Net Amount 174,860 106,616
Free-Standing derivatives    
Offsetting of Derivative Assets    
Gross Amounts of Recognized Assets 577,370 254,840
Gross Amounts Offset in the Statement of Financial Position 0 0
Net Amounts of Assets Presented in the Statement of Financial Position 577,370 254,840
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments 66,347 42,382
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Received 336,163 105,842
Net Amount 174,860 106,616
Total derivatives, not subject to a master netting arrangement or similar arrangement    
Offsetting of Derivative Assets    
Gross Amounts of Recognized Assets 49,248 97,176
Gross Amounts Offset in the Statement of Financial Position 0 0
Net Amounts of Assets Presented in the Statement of Financial Position 49,248 97,176
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments 0 0
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Received 0 0
Net Amount 49,248 97,176
Embedded derivative - Modco reinsurance treaties    
Offsetting of Derivative Assets    
Gross Amounts of Recognized Assets 1,850 1,215
Gross Amounts Offset in the Statement of Financial Position 0 0
Net Amounts of Assets Presented in the Statement of Financial Position 1,850 1,215
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments 0 0
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Received 0 0
Net Amount 1,850 1,215
Embedded derivative - GMWB    
Offsetting of Derivative Assets    
Gross Amounts of Recognized Assets 47,149 95,614
Gross Amounts Offset in the Statement of Financial Position 0 0
Net Amounts of Assets Presented in the Statement of Financial Position 47,149 95,614
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments 0 0
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Received 0 0
Net Amount 47,149 95,614
Other    
Offsetting of Derivative Assets    
Gross Amounts of Recognized Assets 249 347
Gross Amounts Offset in the Statement of Financial Position 0 0
Net Amounts of Assets Presented in the Statement of Financial Position 249 347
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments 0 0
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Received 0 0
Net Amount $ 249 $ 347