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OPERATING SEGMENTS (Details) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 5 Months Ended 6 Months Ended
Jan. 31, 2015
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2015
Jun. 30, 2016
Dec. 31, 2015
Feb. 01, 2015
Operating Segment Assets              
Goodwill             $ 735,700
Successor              
Summarized financial information for the company's segments              
Revenues   $ 1,116,401 $ 1,018,761 $ 1,741,088 $ 2,243,314    
Segment Operating Income (Loss)   130,651 99,081 188,808 272,661    
Realized investment gains (losses) - investments   100,889 (115,706) (158,639) 184,050    
Realized investment gains (losses) - derivatives   (62,879) 113,535 159,568 (116,208)    
Income tax (expense) benefit   (56,541) (33,070) (63,036) (113,035)    
Net income   112,120 63,840 126,701 227,468    
Realized gain (losses) on investments              
All other investment gains (losses)   87,816 (108,071) (143,127) 166,927    
Less: amortization related to DAC/VOBA and benefits and settlement expenses   (13,073) 7,635 15,512 (17,123)    
Realized investment gains (losses) - investments   100,889 (115,706) (158,639) 184,050    
Realized gain (losses) on derivatives              
Derivative financial instruments gains (losses)   (83,366) 94,603 128,244 (156,865)    
Less: VA GMWB economic cost   (20,487) (18,932) (31,324) (40,657)    
Realized investment gains (losses) - derivatives   (62,879) 113,535 159,568 (116,208)    
Other-than-temporary impairments   967 5,734 5,734 3,584    
Operating Segment Assets              
Investments and other assets   71,620,255     71,620,255 $ 65,552,315  
Deferred policy acquisition costs and value of business acquired   1,890,984     1,890,984 1,558,808  
Other intangibles   625,143     625,143 645,131  
Goodwill   732,443     732,443 732,443 $ 735,700
Total assets   74,868,825     74,868,825 68,488,697  
Successor | Operating | Life Marketing              
Summarized financial information for the company's segments              
Revenues   412,892 379,122 651,298 821,974    
Segment Operating Income (Loss)   24,562 6,651 10,076 38,263    
Operating Segment Assets              
Investments and other assets   13,916,859     13,916,859 13,258,639  
Deferred policy acquisition costs and value of business acquired   1,134,643     1,134,643 1,119,515  
Other intangibles   310,809     310,809 319,623  
Goodwill   200,274     200,274 200,274  
Total assets   15,562,585     15,562,585 14,898,051  
Successor | Operating | Acquisitions              
Summarized financial information for the company's segments              
Revenues   453,848 363,985 622,774 878,655    
Segment Operating Income (Loss)   45,285 37,876 73,946 113,938    
Operating Segment Assets              
Investments and other assets   20,052,484     20,052,484 19,879,988  
Deferred policy acquisition costs and value of business acquired   93,983     93,983 (178,662)  
Other intangibles   38,380     38,380 39,658  
Goodwill   14,524     14,524 14,524  
Total assets   20,199,371     20,199,371 19,755,508  
Successor | Operating | Annuities              
Summarized financial information for the company's segments              
Revenues   97,243 145,085 248,454 235,657    
Segment Operating Income (Loss)   56,901 49,189 87,374 110,530    
Operating Segment Assets              
Investments and other assets   20,264,882     20,264,882 19,926,108  
Deferred policy acquisition costs and value of business acquired   625,628     625,628 578,742  
Other intangibles   190,116     190,116 196,780  
Goodwill   336,677     336,677 336,677  
Total assets   21,417,303     21,417,303 21,038,307  
Successor | Operating | Stable Value Products              
Summarized financial information for the company's segments              
Revenues   26,237 16,656 26,998 56,139    
Segment Operating Income (Loss)   15,178 9,349 15,464 29,626    
Operating Segment Assets              
Investments and other assets   2,711,452     2,711,452 2,006,263  
Deferred policy acquisition costs and value of business acquired   4,353     4,353 2,357  
Other intangibles   9,056     9,056 9,389  
Goodwill   113,813     113,813 113,813  
Total assets   2,838,674     2,838,674 2,131,822  
Successor | Operating | Asset Protection              
Summarized financial information for the company's segments              
Revenues   67,487 69,680 113,707 131,735    
Segment Operating Income (Loss)   5,462 5,897 9,944 10,761    
Operating Segment Assets              
Investments and other assets   953,996     953,996 897,326  
Deferred policy acquisition costs and value of business acquired   32,377     32,377 36,856  
Other intangibles   76,782     76,782 79,681  
Goodwill   67,155     67,155 67,155  
Total assets   1,130,310     1,130,310 1,081,018  
Successor | Operating | Corporate and Other              
Summarized financial information for the company's segments              
Revenues   58,694 44,233 77,857 119,154    
Segment Operating Income (Loss)   (16,737) $ (9,881) $ (7,996) (30,457)    
Operating Segment Assets              
Investments and other assets   13,720,582     13,720,582 9,583,991  
Deferred policy acquisition costs and value of business acquired   0     0 0  
Other intangibles   0     0 0  
Goodwill   0     0 0  
Total assets   $ 13,720,582     $ 13,720,582 $ 9,583,991  
Predecessor              
Summarized financial information for the company's segments              
Revenues $ 340,909            
Segment Operating Income (Loss) 28,485            
Realized investment gains (losses) - investments 89,815            
Realized investment gains (losses) - derivatives (117,118)            
Income tax (expense) benefit 327            
Net income 1,509            
Realized gain (losses) on investments              
All other investment gains (losses) 80,672            
Less: amortization related to DAC/VOBA and benefits and settlement expenses (9,143)            
Realized investment gains (losses) - investments 89,815            
Realized gain (losses) on derivatives              
Derivative financial instruments gains (losses) (123,274)            
Less: VA GMWB economic cost (6,156)            
Realized investment gains (losses) - derivatives (117,118)            
Other-than-temporary impairments 481            
Predecessor | Operating | Life Marketing              
Summarized financial information for the company's segments              
Revenues 145,595            
Segment Operating Income (Loss) (1,618)            
Predecessor | Operating | Acquisitions              
Summarized financial information for the company's segments              
Revenues 139,761            
Segment Operating Income (Loss) 20,134            
Predecessor | Operating | Annuities              
Summarized financial information for the company's segments              
Revenues 7,884            
Segment Operating Income (Loss) 13,164            
Predecessor | Operating | Stable Value Products              
Summarized financial information for the company's segments              
Revenues 8,181            
Segment Operating Income (Loss) 4,529            
Predecessor | Operating | Asset Protection              
Summarized financial information for the company's segments              
Revenues 21,953            
Segment Operating Income (Loss) 2,420            
Predecessor | Operating | Corporate and Other              
Summarized financial information for the company's segments              
Revenues 17,535            
Segment Operating Income (Loss) $ (10,144)