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DEBT AND OTHER OBLIGATIONS - Summary of Debt and Subordinated Debt Securities (Details) - USD ($)
9 Months Ended 11 Months Ended
Feb. 03, 2015
Feb. 02, 2015
Sep. 30, 2016
Dec. 31, 2015
Jun. 30, 2016
6.125% Subordinated Debentures (2004), due 2034, callable 2009          
Debt Instrument [Line Items]          
Stated interest rate (as a percent)     6.125%    
2015 Credit Facility          
Debt Instrument [Line Items]          
Line of credit, maximum borrowing capacity   $ 1,000,000,000.0      
Line of credit, maximum borrowing capacity to be granted upon entity's request   $ 1,250,000,000      
Base of floating rate interest rate payments   LIBOR      
Facility fee percentage 0.125% 0.15%      
Successor          
Debt Instrument [Line Items]          
Debt     $ 1,385,284,000 $ 1,588,806,000  
Subordinated debt securities     443,122,000 448,763,000  
Successor | 6.40% Senior Notes (2007), due 2018          
Debt Instrument [Line Items]          
Debt     158,178,000 162,671,000  
Debt, outstanding principal     $ 150,000,000 $ 150,000,000  
Stated interest rate (as a percent)     6.40% 6.40%  
Successor | 7.375% Senior Notes (2009), due 2019          
Debt Instrument [Line Items]          
Debt     $ 459,339,000 $ 473,127,000  
Debt, outstanding principal     $ 400,000,000 $ 400,000,000  
Stated interest rate (as a percent)     7.375% 7.375%  
Successor | 8.45% Senior Notes (2009), due 2039          
Debt Instrument [Line Items]          
Debt     $ 382,767,000 $ 468,008,000  
Debt, outstanding principal     246,926,000 $ 300,000,000  
Extinguishment of debt     82,700,000    
Par value of debt extinguished     $ 53,100,000    
Stated interest rate (as a percent)     8.45% 8.45%  
Pre-tax gain on extinguishment of debt     $ 9,800,000    
Successor | 6.25% Subordinated Debentures (2012), due 2042, callable 2017          
Debt Instrument [Line Items]          
Debt, outstanding principal     287,500,000 $ 287,500,000  
Subordinated debt securities     $ 291,482,000 $ 295,833,000  
Stated interest rate (as a percent)     6.25% 6.25%  
Successor | 6.00% Subordinated Debentures (2012), due 2042, callable 2017          
Debt Instrument [Line Items]          
Debt, outstanding principal     $ 150,000,000 $ 150,000,000  
Subordinated debt securities     $ 151,640,000 $ 152,930,000  
Stated interest rate (as a percent)     6.00% 6.00%  
Successor | 6.125% Subordinated Debentures (2004), due 2034, callable 2009          
Debt Instrument [Line Items]          
Repayment of debt       $ 103,100,000  
Successor | Credit Facility          
Debt Instrument [Line Items]          
Debt     $ 385,000,000 $ 485,000,000  
Successor | 2015 Credit Facility          
Debt Instrument [Line Items]          
Line of credit, amount outstanding     $ 385,000,000    
Prime Rate | 2015 Credit Facility          
Debt Instrument [Line Items]          
Base of floating rate interest rate payments   Prime rate      
Federal Funds Rate | 2015 Credit Facility          
Debt Instrument [Line Items]          
Base of floating rate interest rate payments   Funds rate      
Interest rate added to the base rate (as a percent)   0.50%      
LIBOR One-Month Rate | 2015 Credit Facility          
Debt Instrument [Line Items]          
Base of floating rate interest rate payments   one-month LIBOR      
Interest rate added to the base rate (as a percent)   1.00%      
LIBOR | Successor | 2015 Credit Facility          
Debt Instrument [Line Items]          
Base of floating rate interest rate payments     LIBOR    
Interest rate added to the base rate (as a percent)     1.00%    
PLICO | Successor | Letter of Credit          
Debt Instrument [Line Items]          
Outstanding letters of credit (LOC)         $ 30,000,000