XML 152 R131.htm IDEA: XBRL DOCUMENT v3.8.0.1
INCOME TAXES - Effective Income Tax Rate and Components of Income Tax and Deferred Liability (Details) - USD ($)
$ in Thousands
1 Months Ended 11 Months Ended 12 Months Ended
Jan. 31, 2015
Dec. 31, 2015
Dec. 31, 2017
Dec. 31, 2016
Operating Loss Carryforwards [Line Items]        
Provisional tax benefit     $ 797,600  
Effective income tax rate related to continuing operations        
Statutory federal income tax rate applied to pre-tax income   35.00% 35.00% 35.00%
State income taxes   2.00% 0.60% 0.80%
Investment income not subject to tax   (4.30%) (5.00%) (2.70%)
Uncertain tax positions   0.20% (0.20%) (0.30%)
Federal Tax law changes   0.00% (183.30%) 0.00%
Other   0.00% (1.40%) 1.00%
Effective tax rate (as a percent)   32.90% (154.30%) 33.80%
Current income tax expense:        
Federal   $ 5,715 $ 21,853 $ (50,638)
State   (4,244) 4,399 3,919
Total current   1,471 26,252 (46,719)
Deferred income tax expense:        
Federal   118,338 (693,860) 240,127
State   11,734 (3,867) 7,560
Total deferred   $ 130,072 (697,727) 247,687
Deferred income tax assets:        
Loss and credit carryforwards     209,401 453,880
Deferred compensation     138,945 209,979
Deferred policy acquisition costs     23,876 156,012
Premium on corporate debt     57,402 104,839
Net unrealized loss on investments     0 353,448
Other     28,179 44,956
Valuation allowance     (3,951) (6,007)
Deferred income tax assets     453,852 1,317,107
Deferred income tax liabilities:        
Premium receivables and policy liabilities     573,469 884,255
VOBA and other intangibles     433,321 720,750
Invested assets (other than unrealized gains (losses))     672,549 1,311,866
Net unrealized gains on investments     6,920 0
Deferred income tax liabilities     1,686,259 2,916,871
Net deferred income tax liability     (1,232,407) (1,599,764)
State based operating loss carryforwards, valuation allowance     5,000 $ 9,200
Change in valuation allowance, before federal income taxes     4,200  
Alternative minimum tax credit     8,900  
Research and development credits     1,200  
State net operating loss carryforwards     22,800  
Predecessor        
Effective income tax rate related to continuing operations        
Statutory federal income tax rate applied to pre-tax income 35.00%      
State income taxes 0.80%      
Investment income not subject to tax (3.20%)      
Uncertain tax positions (0.10%)      
Federal Tax law changes 0.00%      
Other (0.10%)      
Effective tax rate (as a percent) 32.40%      
Current income tax expense:        
Federal $ (32,803)      
State 1,685      
Total current (31,118)      
Deferred income tax expense:        
Federal 30,858      
State (67)      
Total deferred $ 30,791      
2035        
Deferred income tax liabilities:        
Net operating loss carryforwards     259,600  
2031        
Deferred income tax liabilities:        
Net operating loss carryforwards     578,300  
Foreign Tax Authority        
Deferred income tax liabilities:        
Foreign tax credits     $ 7,200