SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of indefinite-lived intangible assets

Intangible assets recognized by the Company included the following (excluding goodwill):



	Successor Company
	As of December 31,				Estimated
	2016		2015		Useful Life
	(Dollars In Thousands)				(In Years)
Distribution relationships	$	428,499	$	385,319	14-22
Trade names	92,049		97,105		13-17
Technology	121,253		130,707		7-14
Other	14,282		—
Total intangible assets subject to amortization	656,083		613,131

Insurance licenses	32,000		32,000		Indefinite
Total intangible assets	$	688,083	$	645,131

Schedule of finite-lived intangible assets

Intangible assets recognized by the Company included the following (excluding goodwill):



	Successor Company
	As of December 31,				Estimated
	2016		2015		Useful Life
	(Dollars In Thousands)				(In Years)
Distribution relationships	$	428,499	$	385,319	14-22
Trade names	92,049		97,105		13-17
Technology	121,253		130,707		7-14
Other	14,282		—
Total intangible assets subject to amortization	656,083		613,131

Insurance licenses	32,000		32,000		Indefinite
Total intangible assets	$	688,083	$	645,131

Schedule of future estimated aggregate amortization expense

The following is a schedule of future estimated aggregate amortization expense:



Year	Amount
	(Dollars In Thousands)
2017	$	52,199
2018	51,210
2019	47,929
2020	46,461
2021	46,311

Amortizable intangible assets will be amortized straight line over their assigned useful lives. The following is a schedule of future estimated aggregate amortization expense:



Year	Amount
	(Dollars In Thousands)
2017	$	4,843
2018	4,843
2019	4,843
2020	4,843
2021	4,843

Schedule of property and equipment

Property and equipment consisted of the following:



	Successor Company
	As of December 31,
	2016			2015
	(Dollars In Thousands)
Home office building	$	67,279		$	65,697
Data processing equipment	21,750			14,607
Other, principally furniture and equipment	9,612			5,918
Total property and equipment subject to depreciation	98,641			86,222
Accumulated depreciation	(17,450		)	(8,277		)
Land	24,920			24,920
Total property and equipment	$	106,111		$	102,865

Schedule of future maturities of stable value products

As of December 31, 2016 (Successor Company), future maturities of stable value products were as follows:



Year of Maturity	Amount
	(Dollars In Millions)
2017	$	631.8
2018 - 2019	1,646.6
2020 - 2021	1,071.8
Thereafter	140.4

Schedule of future policy benefit liabilities

Future policy benefit liabilities for the year indicated are as follows:



	Successor Company
	As of December 31,				As of December 31,
	2016		2015		2016		2015
	Total Policy Liabilities and Accruals				Reinsurance Receivable
	(Dollars In Thousands)				(Dollars In Thousands)
Life and annuity benefit reserves	$	29,574,479	$	28,767,296	$	4,191,845	$	4,437,387
Unpaid life claim liabilities	517,257		504,710		323,630		322,984
Life and annuity future policy benefits	30,091,736		29,272,006		4,515,475		4,760,371
Other policy benefits reserves	170,519		184,719		103,746		115,676
Other policy benefits unpaid claim liabilities	248,830		247,172		200,655		200,460
Future policy benefits and claims and associated reinsurance receivable	$	30,511,085	$	29,703,897	$	4,819,876	$	5,076,507
Unearned premiums	848,495		723,536		503,970		460,244
Total policy liabilities and accruals and associated reinsurance receivable	$	31,359,580	$	30,427,433	$	5,323,846	$	5,536,751

Reinsurance receivable

Future policy benefit liabilities for the year indicated are as follows:



	Successor Company
	As of December 31,				As of December 31,
	2016		2015		2016		2015
	Total Policy Liabilities and Accruals				Reinsurance Receivable
	(Dollars In Thousands)				(Dollars In Thousands)
Life and annuity benefit reserves	$	29,574,479	$	28,767,296	$	4,191,845	$	4,437,387
Unpaid life claim liabilities	517,257		504,710		323,630		322,984
Life and annuity future policy benefits	30,091,736		29,272,006		4,515,475		4,760,371
Other policy benefits reserves	170,519		184,719		103,746		115,676
Other policy benefits unpaid claim liabilities	248,830		247,172		200,655		200,460
Future policy benefits and claims and associated reinsurance receivable	$	30,511,085	$	29,703,897	$	4,819,876	$	5,076,507
Unearned premiums	848,495		723,536		503,970		460,244
Total policy liabilities and accruals and associated reinsurance receivable	$	31,359,580	$	30,427,433	$	5,323,846	$	5,536,751

The following table reflects the effect of reinsurance on life, accident/health, and property and liability insurance premiums written and earned:



	Gross Amount		Ceded to Other Companies			Assumed from Other Companies		Net Amount			Percentage of Amount Assumed to Net
	(Dollars In Thousands)
Successor Company
For The Year Ended
December 31, 2016:
Premiums and policy fees:
Life insurance	$	2,610,682	$	(1,126,915	)	$	454,999	$	1,938,766	⁽¹⁾	23.5	%
Accident/health insurance	58,076		(36,935		)	17,439		38,580			45.2
Property and liability insurance	261,009		(150,866		)	5,726		115,869			4.9
Total	$	2,929,767	$	(1,314,716	)	$	478,164	$	2,093,215
February 1, 2015 to December 31, 2015
Premiums and policy fees:
Life insurance	$	2,360,643	$	(983,143	)	$	308,280	$	1,685,780	⁽¹⁾	18.3	%
Accident/health insurance	70,243		(36,871		)	18,252		51,624			35.4
Property and liability insurance	243,728		(134,964		)	6,904		115,668			6.0
Total	$	2,674,614	$	(1,154,978	)	$	333,436	$	1,853,072


	Gross Amount		Ceded to Other Companies			Assumed from Other Companies		Net Amount			Percentage of Amount Assumed to Net
	(Dollars In Thousands)
Predecessor Company
January 1, 2015 to January 31, 2015
Premiums and policy fees:
Life insurance	$	204,185	$	(74,539	)	$	28,601	$	158,247	⁽¹⁾	18.1	%
Accident/health insurance	6,846		(4,621		)	1,809		4,034			44.8
Property and liability insurance	19,759		(10,796		)	666		9,629			6.9
Total	$	230,790	$	(89,956	)	$	31,076	$	171,910
For The Year Ended
December 31, 2015:
Premiums and policy fees:
Life insurance	$	2,603,956	$	(1,205,528	)	$	349,934	$	1,748,362	⁽¹⁾	20.0	%
Accident/health insurance	81,037		(42,741		)	20,804		59,100			35.2
Property and liability insurance	233,362		(125,328		)	8,675		116,709			7.4
Total	$	2,918,355	$	(1,373,597	)	$	379,413	$	1,924,171


(1)	Includes annuity policy fees of $160.4 million, $152.8 million, $13.9 million, and $167.1 million for the year ended December 31, 2016 (Successor Company), for the periods of February 1, 2015 to December 31, 2015 (Successor Company) and January 1, 2015 to January 31, 2015 (Predecessor Company), and for the year ended December 31, 2014 (Predecessor Company), respectively.