DEFERRED POLICY ACQUISITION COSTS AND VALUE OF BUSINESS ACQUIRED (Tables)

12 Months Ended

Dec. 31, 2016

DEFERRED POLICY ACQUISITION COSTS AND VALUE OF BUSINESS ACQUIRED

Schedule of balances and changes in DAC

The balances and changes in DAC are as follows:

	Successor Company						Predecessor Company
	As of December 31, 2016			February 1, 2015 to December 31, 2015			January 1, 2015 to January 31, 2015
	(Dollars In Thousands)						(Dollars In Thousands)
Balance, beginning of period	$	288,611		$	—		$	2,647,980
Capitalization of commissions, sales, and issue expenses	327,938			302,839			22,513
Amortization	(48,286		)	(24,187		)	1,117
Change in unrealized investment gains and losses	4,065			9,959			(96,830		)
Balance, end of period	$	572,328		$	288,611		$	2,574,780

Schedule of balances and changes in VOBA

The balances and changes in VOBA are as follows:

	Successor Company						Predecessor Company
	As of December 31, 2016			February 1, 2015 to December 31, 2015			January 1, 2015 to January 31, 2015
	(Dollars In Thousands)						(Dollars In Thousands)
Balance, beginning of period	$	1,270,197		$	1,276,886		$	646,590
Acquisitions	285,092			—			—
Amortization	(100,778		)	(69,869		)	(5,189		)
Change in unrealized gains and losses	(7,010		)	69,226			(79,418		)
Other	—			(6,046		)	—
Balance, end of period	$	1,447,501		$	1,270,197		$	561,983

Schedule of expected amortization of VOBA for the next five years

Based on the balance recorded as of December 31, 2016 (Successor Company), the expected amortization of VOBA for the next five years is as follows:

	Expected
Years	Amortization
	(Dollars In Thousands)
2017	$	131,294
2018	125,127
2019	118,150
2020	103,637
2021	91,571