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OPERATING SEGMENTS (Tables)
 9 Months Ended
Sep. 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 September 30, 2016
 
For The Three Months Ended September 30, 2015
 
For The Nine Months Ended September 30, 2016
 
February 1, 2015
to
September 30, 2015
 
January 1, 2015
to
January 31, 2015
 
(Dollars In Thousands)
 
(Dollars In Thousands)
Revenues
 

 
 
 
 
 
 

 
 

Life Marketing
$
409,423

 
$
388,768

 
$
1,231,397

 
$
1,040,066

 
$
145,595

Acquisitions
391,017

 
352,141

 
1,269,672

 
974,915

 
139,761

Annuities
174,798

 
92,773

 
410,455

 
341,227

 
7,884

Stable Value Products
27,380

 
17,065

 
83,519

 
44,063

 
8,181

Asset Protection
69,306

 
68,949

 
201,041

 
182,656

 
21,953

Corporate and Other
51,722

 
40,897

 
170,876

 
118,754

 
17,535

Total revenues
$
1,123,646

 
$
960,593

 
$
3,366,960

 
$
2,701,681

 
$
340,909

Pre-tax Operating Income (Loss)
 

 
 
 
 
 
 

 
 

Life Marketing
$
(1,306
)
 
$
19,535

 
$
36,957

 
$
29,611

 
$
(1,618
)
Acquisitions
70,157

 
59,016

 
184,095

 
132,962

 
20,134

Annuities
53,666

 
46,003

 
164,196

 
133,377

 
13,164

Stable Value Products
14,700

 
12,785

 
44,326

 
28,249

 
4,529

Asset Protection
5,455

 
5,322

 
16,216

 
15,266

 
2,420

Corporate and Other
(29,774
)
 
(8,854
)
 
(60,231
)
 
(16,850
)
 
(10,144
)
Pre-tax operating income
112,898

 
133,807

 
385,559

 
322,615

 
28,485

Realized investment (losses) gains - investments(1)
(688
)
 
8,625

 
183,362

 
(150,014
)
 
89,815

Realized investment (losses) gains - derivatives
20,869

 
(55,172
)
 
(95,339
)
 
104,396

 
(117,118
)
Income before income tax
133,079

 
87,260

 
473,582

 
276,997

 
1,182

Income tax (expense) benefit
(39,785
)
 
(26,853
)
 
(152,820
)
 
(89,889
)
 
327

Net income
$
93,294

 
$
60,407

 
$
320,762

 
$
187,108

 
$
1,509

 
 
 
 
 
 
 
 
 
 
All other investment gains (losses)
$
20,844

 
$
(4,716
)
 
$
187,771

 
$
(147,843
)
 
$
80,672

Less: amortization related to DAC/VOBA and benefits and settlement expenses
21,532

 
(13,341
)
 
4,409

 
2,171

 
(9,143
)
Realized investment gains (losses) - investments
$
(688
)
 
$
8,625

 
$
183,362

 
$
(150,014
)
 
$
89,815

 
 
 
 
 
 
 
 
 
 
Derivative financial instruments gains (losses)
$
116

 
$
(74,590
)
 
$
(156,749
)
 
$
53,654

 
$
(123,274
)
Less: VA GMWB economic cost
(20,753
)
 
(19,418
)
 
(61,410
)
 
(50,742
)
 
(6,156
)
Realized investment gains (losses) - derivatives
$
20,869

 
$
(55,172
)
 
$
(95,339
)
 
$
104,396

 
$
(117,118
)
 
(1) Includes credit related other-than-temporary impairments of $3.3 million, $6.9 million, $10.1 million, $15.8 million, and $0.5 million for the three and nine months ended September 30, 2016 (Successor Company), the three months ended September 30, 2015 (Successor Company), for the period of February 1, 2015 to September 30, 2015 (Successor Company), and for the period of January 1, 2015 to January 31, 2015 (Predecessor Company), respectively.

 
Operating Segment Assets
As of September 30, 2016 (Successor Company)
 
(Dollars In Thousands)
 
Life
Marketing
 
Acquisitions
 
Annuities
 
Stable Value
Products
Investments and other assets
$
14,170,687

 
$
19,986,370

 
$
20,501,261

 
$
3,283,420

Deferred policy acquisition costs and value of business acquired
1,155,759

 
82,803

 
634,820

 
5,919

Other intangibles
306,158

 
37,741

 
186,781

 
8,889

Goodwill
200,274

 
14,524

 
336,677

 
113,813

Total assets
$
15,832,878

 
$
20,121,438

 
$
21,659,539

 
$
3,412,041

 
 
Asset
Protection
 
Corporate
and Other
 
Total
Consolidated
Investments and other assets
$
973,552

 
$
13,991,364

 
$
72,906,654

Deferred policy acquisition costs and value of business acquired
30,612

 
—

 
1,909,913

Other intangibles
75,333

 
—

 
614,902

Goodwill
67,155

 
—

 
732,443

Total assets
$
1,146,652

 
$
13,991,364

 
$
76,163,912

 
 
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