XML 169 R150.htm IDEA: XBRL DOCUMENT v3.6.0.2
SCHEDULE II - CONDENSED FINANCIAL INFORMATION OF REGISTRANT - Statements of Income (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
Expenses:                        
Income before income tax $ 1,182                 $ 399,842 $ 593,997 $ 583,289
Successor                        
Revenues:                        
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  
Realized investment gains (losses)   (1,415) 12,457 24,268 5,417 8,229 (69,693) (79,306) (13,468) (163,882) 32,623  
Other income   67,263 102,147 107,642 102,148 103,716 103,862 108,312 109,094 388,531 415,653  
Total 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  
Expenses:                        
Interest—subordinated debt                     27,000  
Interest—other                     137,600  
Total benefits and expenses   629,500 996,572 990,567 947,740 955,071 886,143 873,333 921,851 3,310,827 3,889,950  
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                        
Current                   1,471 (46,719)  
Deferred                   130,072 247,687  
Total income tax expense   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  
Successor | PROTECTIVE LIFE CORPORATION                        
Revenues:                        
Dividends from subsidiaries                   32,365 541,762  
Service fees from subsidiaries                   220,105 250,668  
Net investment income                   49,925 8,607  
Realized investment gains (losses)                   3,817 (29,289)  
Other income                   44 9,828  
Total revenues                   306,256 781,576  
Expenses:                        
Operating and administrative                   121,433 143,941  
Interest—subordinated debt                   17,191 19,408  
Interest—other                   40,596 40,729  
Total benefits and expenses                   179,220 204,078  
Income before income tax                   127,036 577,498  
Income tax expense                        
Current                   (58,547) 334  
Deferred                   99,146 20,715  
Total income tax expense                   40,599 21,049  
Income before equity in undistributed income from subsidiaries                   86,437 556,449  
Equity in undistributed income of subsidiaries                   181,862 (163,420)  
Net income                   $ 268,299 $ 393,029  
Predecessor                        
Revenues:                        
Net investment income 175,180                     2,197,724
Realized investment gains (losses) (42,602)                     (148,751)
Other income 36,421                     430,428
Total revenues 340,909                     4,403,572
Expenses:                        
Total benefits and expenses 339,727                     3,820,283
Income before income tax 1,182                     583,289
Income tax expense                        
Current (31,118)                     197,943
Deferred 30,791                     471
Total income tax expense (327)                     198,414
Net income 1,509                     384,875
Predecessor | PROTECTIVE LIFE CORPORATION                        
Revenues:                        
Dividends from subsidiaries 16                     301,314
Service fees from subsidiaries 19,530                     213,093
Net investment income 4,809                     64,776
Realized investment gains (losses) (15,863)                     (2,786)
Other income 0                     6
Total revenues 8,492                     576,403
Expenses:                        
Operating and administrative 8,549                     116,517
Interest—subordinated debt 2,823                     33,873
Interest—other 6,113                     84,528
Total benefits and expenses 17,485                     234,918
Income before income tax (8,993)                     341,485
Income tax expense                        
Current 6,376                     10,605
Deferred (11,123)                     8,798
Total income tax expense (4,747)                     19,403
Income before equity in undistributed income from subsidiaries (4,246)                     322,082
Equity in undistributed income of subsidiaries 5,755                     62,793
Net income $ 1,509                     $ 384,875