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OPERATING SEGMENTS (Details) - USD ($)
$ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended 11 Months Ended 12 Months Ended
Jan. 31, 2015
Mar. 31, 2015
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2014
Feb. 01, 2015
Summarized financial information for the company's segments                          
Income before income tax $ 1,182                 $ 399,842 $ 593,997 $ 583,289  
Successor                          
Summarized financial information for the company's segments                          
Revenues   $ 722,327 $ 1,116,987 $ 1,123,646 $ 1,116,401 $ 1,126,913 $ 1,008,988 $ 960,593 $ 1,018,761 3,710,669 4,483,947    
Adjusted Operating Income (Loss)                   484,440 503,369    
Realized investment gains (losses)—investments                   (185,153) 48,551    
Realized investment gains (losses) - derivatives                   100,555 42,077    
Income before income tax   92,827 120,415 133,079 168,661 171,842 122,845 87,260 96,910 399,842 593,997    
Income tax (expense) benefit   (29,966) (48,148) (39,785) (56,541) (56,494) (41,654) (26,853) (33,070) (131,543) (200,968)    
Net income   62,861 72,267 93,294 112,120 115,348 81,191 60,407 63,840 268,299 393,029    
Adjusted operating income tax (expense) benefit                   (161,153) (169,247)    
After-tax adjusted operating income                   323,287 334,122    
Realized gain (losses) on investments                          
Investment (losses) gains                   (193,879) 72,911    
Less: amortization related to DAC/VOBA and benefits and settlement expenses                   (8,726) 24,360    
Realized investment gains (losses)—investments                   (185,153) 48,551    
Realized gain (losses) on derivatives                          
Derivatives gains (losses)                   29,997 (40,288)    
Less: VA GLWB economic cost                   (70,558) (82,365)    
Realized investment gains (losses) - derivatives                   100,555 42,077    
Income tax (expense) benefit on adjustments                   29,610 (31,721)    
Other-than-temporary impairments     10,856 3,308 967 2,617       26,993 17,748    
Net investment income   $ 288,872 496,150 $ 482,729 $ 488,460 $ 475,117 467,165 $ 440,620 $ 436,291 1,632,948 1,942,456    
Amortization of deferred policy acquisition costs and value of business acquired                   94,056 149,064    
Operating Segment Assets                          
Investments and other assets     71,501,997       65,552,315     65,552,315 71,501,997    
Deferred policy acquisition costs and value of business acquired     2,019,829       1,558,808     1,558,808 2,019,829    
Other intangibles     688,083       645,131     645,131 688,083    
Goodwill     793,470       732,443     732,443 793,470   $ 735,700
Total assets     75,003,379       68,488,697     68,488,697 75,003,379    
Successor | Life Marketing                          
Realized gain (losses) on derivatives                          
Amortization of deferred policy acquisition costs and value of business acquired                   107,811 130,708    
Operating Segment Assets                          
Deferred policy acquisition costs and value of business acquired     1,218,944       1,119,515     1,119,515 1,218,944    
Successor | Acquisitions                          
Realized gain (losses) on derivatives                          
Amortization of deferred policy acquisition costs and value of business acquired                   2,035 8,178    
Operating Segment Assets                          
Deferred policy acquisition costs and value of business acquired     106,532       (178,662)     (178,662) 106,532    
Successor | Annuities                          
Realized gain (losses) on derivatives                          
Amortization of deferred policy acquisition costs and value of business acquired                   (41,071) (11,031)    
Operating Segment Assets                          
Deferred policy acquisition costs and value of business acquired     655,618       578,742     578,742 655,618    
Successor | Stable Value Products                          
Realized gain (losses) on derivatives                          
Amortization of deferred policy acquisition costs and value of business acquired                   43 1,176    
Operating Segment Assets                          
Deferred policy acquisition costs and value of business acquired     5,455       2,357     2,357 5,455    
Successor | Asset Protection                          
Realized gain (losses) on derivatives                          
Amortization of deferred policy acquisition costs and value of business acquired                   25,211 20,033    
Operating Segment Assets                          
Deferred policy acquisition costs and value of business acquired     33,280       36,856     36,856 33,280    
Successor | Corporate and Other                          
Realized gain (losses) on derivatives                          
Amortization of deferred policy acquisition costs and value of business acquired                   27      
Successor | Operating                          
Summarized financial information for the company's segments                          
Revenues                   3,710,669 4,483,947    
Adjusted Operating Income (Loss)                   484,440 503,369    
Realized gain (losses) on derivatives                          
Net investment income                   1,632,948 1,942,456    
Amortization of deferred policy acquisition costs and value of business acquired                   94,056 149,064    
Successor | Operating | Life Marketing                          
Summarized financial information for the company's segments                          
Revenues                   1,426,090 1,627,848    
Adjusted Operating Income (Loss)                   57,414 39,745    
Realized gain (losses) on derivatives                          
Net investment income                   446,439 525,495    
Amortization of deferred policy acquisition costs and value of business acquired                   107,811 130,708    
Operating Segment Assets                          
Investments and other assets     14,050,170       13,258,639     13,258,639 14,050,170    
Deferred policy acquisition costs and value of business acquired     1,218,944       1,119,515     1,119,515 1,218,944    
Other intangibles     301,399       319,623     319,623 301,399    
Goodwill     200,274       200,274     200,274 200,274    
Total assets     15,770,787       14,898,051     14,898,051 15,770,787    
Successor | Operating | Acquisitions                          
Summarized financial information for the company's segments                          
Revenues                   1,333,430 1,676,017    
Adjusted Operating Income (Loss)                   194,654 260,511    
Realized gain (losses) on derivatives                          
Net investment income                   639,422 764,571    
Amortization of deferred policy acquisition costs and value of business acquired                   2,035 8,178    
Operating Segment Assets                          
Investments and other assets     19,679,690       19,879,988     19,879,988 19,679,690    
Deferred policy acquisition costs and value of business acquired     106,532       (178,662)     (178,662) 106,532    
Other intangibles     37,103       39,658     39,658 37,103    
Goodwill     14,524       14,524     14,524 14,524    
Total assets     19,837,849       19,755,508     19,755,508 19,837,849    
Successor | Operating | Annuities                          
Summarized financial information for the company's segments                          
Revenues                   443,419 574,934    
Adjusted Operating Income (Loss)                   180,231 213,293    
Realized gain (losses) on derivatives                          
Net investment income                   297,114 322,608    
Amortization of deferred policy acquisition costs and value of business acquired                   (41,071) (11,031)    
Operating Segment Assets                          
Investments and other assets     20,243,333       19,926,108     19,926,108 20,243,333    
Deferred policy acquisition costs and value of business acquired     655,618       578,742     578,742 655,618    
Other intangibles     183,449       196,780     196,780 183,449    
Goodwill     336,677       336,677     336,677 336,677    
Total assets     21,419,077       21,038,307     21,038,307 21,419,077    
Successor | Operating | Stable Value Products                          
Summarized financial information for the company's segments                          
Revenues                   79,670 114,580    
Adjusted Operating Income (Loss)                   56,581 61,294    
Realized gain (losses) on derivatives                          
Net investment income                   78,459 107,010    
Amortization of deferred policy acquisition costs and value of business acquired                   43 1,176    
Operating Segment Assets                          
Investments and other assets     3,373,646       2,006,263     2,006,263 3,373,646    
Deferred policy acquisition costs and value of business acquired     5,455       2,357     2,357 5,455    
Other intangibles     8,722       9,389     9,389 8,722    
Goodwill     113,813       113,813     113,813 113,813    
Total assets     3,501,636       2,131,822     2,131,822 3,501,636    
Successor | Operating | Asset Protection                          
Summarized financial information for the company's segments                          
Revenues                   261,693 269,145    
Adjusted Operating Income (Loss)                   20,627 16,487    
Realized gain (losses) on derivatives                          
Net investment income                   17,459 22,082    
Amortization of deferred policy acquisition costs and value of business acquired                   25,211 20,033    
Operating Segment Assets                          
Investments and other assets     1,013,399       897,326     897,326 1,013,399    
Deferred policy acquisition costs and value of business acquired     33,280       36,856     36,856 33,280    
Other intangibles     143,865       79,681     79,681 143,865    
Goodwill     128,182       67,155     67,155 128,182    
Total assets     1,318,726       1,081,018     1,081,018 1,318,726    
Successor | Operating | Corporate and Other                          
Summarized financial information for the company's segments                          
Revenues                   166,367 221,423    
Adjusted Operating Income (Loss)                   (25,067) (87,961)    
Realized gain (losses) on derivatives                          
Net investment income                   154,055 200,690    
Amortization of deferred policy acquisition costs and value of business acquired                   27 0    
Operating Segment Assets                          
Investments and other assets     13,141,759       9,583,991     9,583,991 13,141,759    
Deferred policy acquisition costs and value of business acquired     0       0     0 0    
Other intangibles     13,545       0     0 13,545    
Goodwill     0       0     0 0    
Total assets     $ 13,155,304       $ 9,583,991     $ 9,583,991 $ 13,155,304    
Predecessor                          
Summarized financial information for the company's segments                          
Revenues 340,909                     4,403,572  
Adjusted Operating Income (Loss) 28,485                     652,194  
Realized investment gains (losses)—investments 89,815                     207,307  
Realized investment gains (losses) - derivatives (117,118)                     (276,212)  
Income before income tax 1,182                     583,289  
Income tax (expense) benefit 327                     (198,414)  
Net income 1,509                     384,875  
Adjusted operating income tax (expense) benefit (9,228)                     (222,532)  
After-tax adjusted operating income 19,257                     429,662  
Realized gain (losses) on investments                          
Investment (losses) gains 80,672                     198,127  
Less: amortization related to DAC/VOBA and benefits and settlement expenses (9,143)                     (9,180)  
Realized investment gains (losses)—investments 89,815                     207,307  
Realized gain (losses) on derivatives                          
Derivatives gains (losses) (123,274)                     (346,878)  
Less: VA GLWB economic cost (6,156)                     (70,666)  
Realized investment gains (losses) - derivatives (117,118)                     (276,212)  
Income tax (expense) benefit on adjustments 9,555                     24,118  
Other-than-temporary impairments 481                     7,275  
Net investment income 175,180                     2,197,724  
Amortization of deferred policy acquisition costs and value of business acquired 4,072                     257,309  
Operating Segment Assets                          
Deferred policy acquisition costs and value of business acquired                       3,294,570  
Predecessor | Life Marketing                          
Realized gain (losses) on derivatives                          
Amortization of deferred policy acquisition costs and value of business acquired 4,813                     175,807  
Operating Segment Assets                          
Deferred policy acquisition costs and value of business acquired                       1,973,156  
Predecessor | Acquisitions                          
Realized gain (losses) on derivatives                          
Amortization of deferred policy acquisition costs and value of business acquired 5,033                     60,031  
Operating Segment Assets                          
Deferred policy acquisition costs and value of business acquired                       600,482  
Predecessor | Annuities                          
Realized gain (losses) on derivatives                          
Amortization of deferred policy acquisition costs and value of business acquired (7,706)                     (4,651)  
Operating Segment Assets                          
Deferred policy acquisition costs and value of business acquired                       684,574  
Predecessor | Stable Value Products                          
Realized gain (losses) on derivatives                          
Amortization of deferred policy acquisition costs and value of business acquired 25                     380  
Operating Segment Assets                          
Deferred policy acquisition costs and value of business acquired                       621  
Predecessor | Asset Protection                          
Realized gain (losses) on derivatives                          
Amortization of deferred policy acquisition costs and value of business acquired 1,820                     25,257  
Operating Segment Assets                          
Deferred policy acquisition costs and value of business acquired                       35,418  
Predecessor | Corporate and Other                          
Realized gain (losses) on derivatives                          
Amortization of deferred policy acquisition costs and value of business acquired 87                     485  
Operating Segment Assets                          
Deferred policy acquisition costs and value of business acquired                       319  
Predecessor | Operating                          
Summarized financial information for the company's segments                          
Revenues 340,909                     4,403,572  
Adjusted Operating Income (Loss) 28,485                     652,194  
Realized gain (losses) on derivatives                          
Net investment income 175,180                     2,197,724  
Amortization of deferred policy acquisition costs and value of business acquired 4,072                     257,309  
Predecessor | Operating | Life Marketing                          
Summarized financial information for the company's segments                          
Revenues 145,595                     1,549,351  
Adjusted Operating Income (Loss) (1,618)                     121,448  
Realized gain (losses) on derivatives                          
Net investment income 47,460                     554,004  
Amortization of deferred policy acquisition costs and value of business acquired 4,813                     175,807  
Predecessor | Operating | Acquisitions                          
Summarized financial information for the company's segments                          
Revenues 139,761                     1,720,179  
Adjusted Operating Income (Loss) 20,134                     254,021  
Realized gain (losses) on derivatives                          
Net investment income 71,088                     874,653  
Amortization of deferred policy acquisition costs and value of business acquired 5,033                     60,031  
Predecessor | Operating | Annuities                          
Summarized financial information for the company's segments                          
Revenues 7,884                     533,404  
Adjusted Operating Income (Loss) 13,164                     227,611  
Realized gain (losses) on derivatives                          
Net investment income 37,189                     465,845  
Amortization of deferred policy acquisition costs and value of business acquired (7,706)                     (4,651)  
Predecessor | Operating | Stable Value Products                          
Summarized financial information for the company's segments                          
Revenues 8,181                     127,653  
Adjusted Operating Income (Loss) 4,529                     73,354  
Realized gain (losses) on derivatives                          
Net investment income 6,888                     107,170  
Amortization of deferred policy acquisition costs and value of business acquired 25                     380  
Predecessor | Operating | Asset Protection                          
Summarized financial information for the company's segments                          
Revenues 21,953                     276,011  
Adjusted Operating Income (Loss) 2,420                     32,480  
Realized gain (losses) on derivatives                          
Net investment income 1,878                     22,703  
Amortization of deferred policy acquisition costs and value of business acquired 1,820                     25,257  
Predecessor | Operating | Corporate and Other                          
Summarized financial information for the company's segments                          
Revenues 17,535                     196,974  
Adjusted Operating Income (Loss) (10,144)                     (56,720)  
Realized gain (losses) on derivatives                          
Net investment income 10,677                     173,349  
Amortization of deferred policy acquisition costs and value of business acquired $ 87                     $ 485