MONY CLOSED BLOCK OF BUSINESS (Tables)

12 Months Ended

Dec. 31, 2016

Closed Block Disclosure [Abstract]

Summary of financial information for the Closed Block

Summarized financial information for the Closed Block as of December 31, 2016 (Successor Company) and December 31, 2015 (Successor Company) and is as follows:

	Successor Company
	As of December 31,
	2016		2015
	(Dollars In Thousands)
Closed block liabilities
Future policy benefits, policyholders' account balances and other policyholder liabilities	$	5,896,355	$	6,010,520
Policyholder dividend obligation	31,932		—
Other liabilities	40,007		24,539
Total closed block liabilities	5,968,294		6,035,059
Closed block assets
Fixed maturities, available-for-sale, at fair value	4,440,105		4,426,090
Mortgage loans on real estate	201,088		247,162
Policy loans	712,959		746,102
Cash and other invested assets	108,270		34,420
Other assets	135,794		162,640
Total closed block assets	5,598,216		5,616,414
Excess of reported closed block liabilities over closed block assets	370,078		418,645
Portion of above representing accumulated other comprehensive income:
Net unrealized investments gains (losses) net of policyholder dividend obligation of $(128,343) (Successor) and $(179,360) (Successor)	—		(18,597		)
Future earnings to be recognized from closed block assets and closed block liabilities	$	370,078	$	400,048

Schedule of reconciliation of the policyholder dividend obligation

Reconciliation of the policyholder dividend obligation is as follows:

	Successor Company						Predecessor Company
	For The Year Ended December 31, 2016			February 1, 2015 to December 31, 2015			January 1, 2015 to January 31, 2015
	(Dollars In Thousands)						(Dollars In Thousands)
Policyholder dividend obligation, beginning balance	$	—		$	323,432		$	366,745
Applicable to net revenue (losses)	(46,557		)	(47,493		)	(1,369		)
Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation; includes deferred tax benefits of $69,108 (2016 - Successor); $(96,579) (2015 - Successor); $47,277 (2015 - Predecessor)	78,489			(275,939		)	135,077
Policyholder dividend obligation, ending balance	$	31,932		$	—		$	500,453

Schedule of Closed Block revenues and expenses

Closed Block revenues and expenses were as follows:

	Successor Company				Predecessor Company
	For The Year Ended December 31, 2016		February 1, 2015 to December 31, 2015		January 1, 2015 to January 31, 2015
	(Dollars In Thousands)				(Dollars In Thousands)
Revenues
Premiums and other income	$	189,700	$	185,562	$	15,065
Net investment income	211,175		193,203		19,107
Net investment gains	1,524		3,333		568
Total revenues	402,399		382,098		34,740
Benefits and other deductions
Benefits and settlement expenses	353,488		336,629		31,152
Other operating expenses	2,804		1,001		—
Total benefits and other deductions	356,292		337,630		31,152
Net revenues before income taxes	46,107		44,468		3,588
Income tax expense	16,137		14,920		1,256
Net revenues	$	29,970	$	29,548	$	2,332