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INVESTMENT OPERATIONS - Additional Information (Details)
1 Months Ended 11 Months Ended 12 Months Ended
Jan. 31, 2015
USD ($)
Dec. 31, 2015
USD ($)
subsidiary
Dec. 31, 2016
USD ($)
subsidiary
position
Dec. 31, 2014
USD ($)
Successor        
Variable Interest Entities        
Gross unrealized losses, 12 Months or More     $ 1,196,195,000  
Number of positions in unrealized loss position | position     2,375  
Available-for-sale securities, fair value   $ 33,847,196,000 $ 36,570,665,000  
Available-for-sale securities, amortized cost   36,724,217,000 38,233,986,000  
Held-to-maturity securities, unrecognized holding gain     30,400,000  
Held-to-maturity securities, unrecognized holding losses   78,300,000 67,200,000  
Non-income producing securities     39,500,000  
Policy loans   1,699,508,000 $ 1,650,240,000  
Interest rate on collateral loans on life insurance policies     13.64%  
Number of wholly owned subsidiaries that were determined to be VIEs | subsidiary     2  
Predecessor        
Variable Interest Entities        
Gross unrealized losses, 12 Months or More   $ 0    
Red Mountain | Successor        
Variable Interest Entities        
Number of wholly owned subsidiaries that were determined to be VIEs | subsidiary   1    
Ownership through an affiliate (as a percent)     100.00%  
Risk of loss related to the VIE limited to the entity's investment     $ 10,000  
Payments made     $ 0  
Red Mountain | Predecessor        
Variable Interest Entities        
Number of wholly owned subsidiaries that were determined to be VIEs | subsidiary   1    
Steel City | Successor        
Variable Interest Entities        
Ownership through an affiliate (as a percent)     100.00%  
Risk of loss related to the VIE limited to the entity's investment     $ 10,000  
Payments made     0  
Fixed maturities | Successor        
Variable Interest Entities        
Trading securities   $ 2,700,000,000 2,600,000,000  
Other-than-temporary impairments   0 0  
Available-for-sale securities, fair value   32,909,201,000 35,543,477,000  
Available-for-sale securities, amortized cost   35,793,000,000 37,192,864,000  
Fixed maturities | Predecessor        
Variable Interest Entities        
Other-than-temporary impairments $ 0     $ 0
Equity securities | Successor        
Variable Interest Entities        
Trading securities   8,300,000 7,100,000  
Other-than-temporary impairments   0 0  
Gross unrealized losses, 12 Months or More     6,412,000  
Available-for-sale securities, fair value   731,004,000 747,406,000  
Available-for-sale securities, amortized cost   724,226,000 761,340,000  
Equity securities | Predecessor        
Variable Interest Entities        
Other-than-temporary impairments $ 0     $ 0
Gross unrealized losses, 12 Months or More   0    
Short-term investments | Successor        
Variable Interest Entities        
Trading securities   61,700,000 52,600,000  
Available-for-sale securities, fair value   206,991,000 279,782,000  
Available-for-sale securities, amortized cost   206,991,000 279,782,000  
Residential mortgage-backed securities | Successor        
Variable Interest Entities        
Gross unrealized losses, 12 Months or More     4,117,000  
Available-for-sale securities, fair value   1,765,273,000 1,898,483,000  
Available-for-sale securities, amortized cost   1,773,099,000 1,913,413,000  
Residential mortgage-backed securities | Predecessor        
Variable Interest Entities        
Gross unrealized losses, 12 Months or More   0    
Commercial mortgage-backed securities | Successor        
Variable Interest Entities        
Gross unrealized losses, 12 Months or More     4,013,000  
Available-for-sale securities, fair value   1,286,887,000 1,811,470,000  
Available-for-sale securities, amortized cost   1,328,317,000 1,850,620,000  
Commercial mortgage-backed securities | Predecessor        
Variable Interest Entities        
Gross unrealized losses, 12 Months or More   0    
Other asset-backed securities | Successor        
Variable Interest Entities        
Gross unrealized losses, 12 Months or More     $ 11,407,000  
Percentage of underlying collateral of student-loan backed auction rate securities guaranteed by the Federal Family Education Loan Program (at least)     97.00%  
Available-for-sale securities, fair value   797,051,000 $ 1,211,533,000  
Available-for-sale securities, amortized cost   813,056,000 1,210,490,000  
Other asset-backed securities | Predecessor        
Variable Interest Entities        
Gross unrealized losses, 12 Months or More   0    
States, municipals, and political subdivisions | Successor        
Variable Interest Entities        
Gross unrealized losses, 12 Months or More     41,749,000  
Available-for-sale securities, fair value   1,603,600,000 1,656,503,000  
Available-for-sale securities, amortized cost   1,729,732,000 1,760,837,000  
States, municipals, and political subdivisions | Predecessor        
Variable Interest Entities        
Gross unrealized losses, 12 Months or More   0    
Corporate securities | Successor        
Variable Interest Entities        
Gross unrealized losses, 12 Months or More     1,114,729,000  
Available-for-sale securities, fair value   25,843,786,000 27,371,565,000  
Available-for-sale securities, amortized cost   28,499,691,000 28,801,768,000  
Corporate securities | Predecessor        
Variable Interest Entities        
Gross unrealized losses, 12 Months or More   $ 0    
Below investment grade | Successor        
Variable Interest Entities        
Trading securities     263,100,000  
Available-for-sale securities, fair value     2,000,000,000  
Available-for-sale securities, amortized cost     2,000,000,000  
Securities not publicly traded     $ 355,100,000  
Minimum | Successor        
Variable Interest Entities        
Interest rate on standard policy loans     3.00%  
Maximum | Successor        
Variable Interest Entities        
Interest rate on standard policy loans     8.00%