XML 157 R136.htm IDEA: XBRL DOCUMENT v3.8.0.1
OPERATING SEGMENTS (Details) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 11 Months Ended 12 Months Ended
Jan. 31, 2015
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Dec. 31, 2017
Dec. 31, 2016
Summarized financial information for the company's segments                        
Revenues   $ 1,142,040 $ 1,084,388 $ 1,087,067 $ 1,105,297 $ 1,116,987 $ 1,123,646 $ 1,116,401 $ 1,126,913 $ 3,710,669 $ 4,418,792 $ 4,483,947
Pre-tax Adjusted Operating Income (Loss)                   484,440 506,892 503,369
Nonoperating Gains (Losses)                   (84,598) (71,835) 90,628
Income before income tax $ 1,182 86,090 110,850 125,768 112,349 120,415 133,079 168,661 171,842 399,842 435,057 593,997
Income tax (benefit) expense   778,218 (28,308) (41,500) (36,935) (48,148) (39,785) (56,541) (56,494) (131,543) 671,475 (200,968)
Net income   864,308 82,542 84,268 75,414 72,267 93,294 112,120 115,348 268,299 1,106,532 393,029
Adjusted operating income tax benefit (expense)                   (161,153) 646,333 (169,247)
After-tax adjusted operating income                   323,287 1,153,225 334,122
Income tax (expense) benefit on adjustments                   29,610 25,142 (31,721)
Realized investment (losses) gains:                        
Derivative financial instruments                   29,997 (305,828) (40,288)
Realized gains (losses) on investments and derivatives                   (166,886) 121,428 90,659
Net impairment losses recognized in earnings   (853) (273) (2,785) (7,831) (10,856) (3,308) (967) (2,617) (26,993) (11,742) (17,748)
Less: related amortization                   (8,726) (39,480) 24,360
Less: VA GLWB economic cost                   (70,558) (84,827) (82,365)
Net investment income   529,490 $ 507,914 $ 507,771 $ 506,413 496,150 $ 482,729 $ 488,460 $ 475,117 1,632,948 2,051,588 1,942,456
Amortization of deferred policy acquisition costs and value of business acquired                   94,056 78,221 149,064
Operating Segment Assets                        
Investments and other assets   75,973,148       71,501,997         75,973,148 71,501,997
Deferred policy acquisition costs and value of business acquired   2,199,577       2,019,829       1,558,808 2,199,577 2,019,829
Other intangibles   663,572       688,083         663,572 688,083
Goodwill   793,470       793,470         793,470 793,470
Total assets   79,629,767       75,003,379         79,629,767 75,003,379
Life Marketing                        
Realized investment (losses) gains:                        
Amortization of deferred policy acquisition costs and value of business acquired                   107,811 120,753 130,708
Operating Segment Assets                        
Deferred policy acquisition costs and value of business acquired   1,320,776       1,218,944       1,119,515 1,320,776 1,218,944
Acquisitions                        
Realized investment (losses) gains:                        
Amortization of deferred policy acquisition costs and value of business acquired                   2,035 (6,939) 8,178
Operating Segment Assets                        
Deferred policy acquisition costs and value of business acquired   74,862       106,532       (178,662) 74,862 106,532
Annuities                        
Realized investment (losses) gains:                        
Amortization of deferred policy acquisition costs and value of business acquired                   (41,071) (54,471) (11,031)
Operating Segment Assets                        
Deferred policy acquisition costs and value of business acquired   772,633       655,618       578,742 772,633 655,618
Stable Value Products                        
Realized investment (losses) gains:                        
Amortization of deferred policy acquisition costs and value of business acquired                   43 2,354 1,176
Operating Segment Assets                        
Deferred policy acquisition costs and value of business acquired   6,864       5,455       2,357 6,864 5,455
Asset Protection                        
Realized investment (losses) gains:                        
Amortization of deferred policy acquisition costs and value of business acquired                   25,211 16,524 20,033
Operating Segment Assets                        
Deferred policy acquisition costs and value of business acquired   24,442       33,280       36,856 24,442 33,280
Corporate and Other                        
Realized investment (losses) gains:                        
Amortization of deferred policy acquisition costs and value of business acquired                   27 0 0
Operating Segment Assets                        
Deferred policy acquisition costs and value of business acquired   0       0       0 0 0
Operating                        
Summarized financial information for the company's segments                        
Revenues                   3,710,669 4,418,792 4,483,947
Pre-tax Adjusted Operating Income (Loss)                   484,440 506,892 503,369
Realized investment (losses) gains:                        
Net investment income                   1,632,948 2,051,588 1,942,456
Amortization of deferred policy acquisition costs and value of business acquired                   94,056 78,221 149,064
Operating | Life Marketing                        
Summarized financial information for the company's segments                        
Revenues                   1,426,090 1,667,118 1,627,848
Pre-tax Adjusted Operating Income (Loss)                   57,414 50,778 39,745
Realized investment (losses) gains:                        
Net investment income                   446,439 553,999 525,495
Amortization of deferred policy acquisition costs and value of business acquired                   107,811 120,753 130,708
Operating Segment Assets                        
Investments and other assets   14,914,418       14,050,170         14,914,418 14,050,170
Deferred policy acquisition costs and value of business acquired   1,320,776       1,218,944         1,320,776 1,218,944
Other intangibles   282,361       301,399         282,361 301,399
Goodwill   200,274       200,274         200,274 200,274
Total assets   16,717,829       15,770,787         16,717,829 15,770,787
Operating | Acquisitions                        
Summarized financial information for the company's segments                        
Revenues                   1,333,430 1,569,083 1,676,017
Pre-tax Adjusted Operating Income (Loss)                   194,654 249,749 260,511
Realized investment (losses) gains:                        
Net investment income                   639,422 752,520 764,571
Amortization of deferred policy acquisition costs and value of business acquired                   2,035 (6,939) 8,178
Operating Segment Assets                        
Investments and other assets   19,588,133       19,679,690         19,588,133 19,679,690
Deferred policy acquisition costs and value of business acquired   74,862       106,532         74,862 106,532
Other intangibles   34,548       37,103         34,548 37,103
Goodwill   14,524       14,524         14,524 14,524
Total assets   19,712,067       19,837,849         19,712,067 19,837,849
Operating | Annuities                        
Summarized financial information for the company's segments                        
Revenues                   443,419 450,306 574,934
Pre-tax Adjusted Operating Income (Loss)                   180,231 213,080 213,293
Realized investment (losses) gains:                        
Net investment income                   297,114 321,844 322,608
Amortization of deferred policy acquisition costs and value of business acquired                   (41,071) (54,471) (11,031)
Operating Segment Assets                        
Investments and other assets   20,938,409       20,243,333         20,938,409 20,243,333
Deferred policy acquisition costs and value of business acquired   772,634       655,618         772,634 655,618
Other intangibles   170,117       183,449         170,117 183,449
Goodwill   336,677       336,677         336,677 336,677
Total assets   22,217,837       21,419,077         22,217,837 21,419,077
Operating | Stable Value Products                        
Summarized financial information for the company's segments                        
Revenues                   79,670 190,006 114,580
Pre-tax Adjusted Operating Income (Loss)                   56,581 105,261 61,294
Realized investment (losses) gains:                        
Net investment income                   78,459 186,576 107,010
Amortization of deferred policy acquisition costs and value of business acquired                   43 2,354 1,176
Operating Segment Assets                        
Investments and other assets   4,569,639       3,373,646         4,569,639 3,373,646
Deferred policy acquisition costs and value of business acquired   6,864       5,455         6,864 5,455
Other intangibles   8,056       8,722         8,056 8,722
Goodwill   113,813       113,813         113,813 113,813
Total assets   4,698,372       3,501,636         4,698,372 3,501,636
Operating | Asset Protection                        
Summarized financial information for the company's segments                        
Revenues                   261,693 327,573 269,145
Pre-tax Adjusted Operating Income (Loss)                   20,627 24,356 16,487
Realized investment (losses) gains:                        
Net investment income                   17,459 27,325 22,082
Amortization of deferred policy acquisition costs and value of business acquired                   25,211 16,524 20,033
Operating Segment Assets                        
Investments and other assets   918,952       1,013,399         918,952 1,013,399
Deferred policy acquisition costs and value of business acquired   24,441       33,280         24,441 33,280
Other intangibles   133,234       143,865         133,234 143,865
Goodwill   128,182       128,182         128,182 128,182
Total assets   1,204,809       1,318,726         1,204,809 1,318,726
Operating | Corporate and Other                        
Summarized financial information for the company's segments                        
Revenues                   166,367 214,706 221,423
Pre-tax Adjusted Operating Income (Loss)                   (25,067) (136,332) (87,961)
Realized investment (losses) gains:                        
Net investment income                   154,055 209,324 200,690
Amortization of deferred policy acquisition costs and value of business acquired                   $ 27 0 0
Operating Segment Assets                        
Investments and other assets   15,043,597       13,141,759         15,043,597 13,141,759
Deferred policy acquisition costs and value of business acquired   0       0         0 0
Other intangibles   35,256       13,545         35,256 13,545
Goodwill   0       0         0 0
Total assets   $ 15,078,853       $ 13,155,304         $ 15,078,853 $ 13,155,304
Predecessor                        
Summarized financial information for the company's segments                        
Revenues 340,909                      
Pre-tax Adjusted Operating Income (Loss) 28,485                      
Nonoperating Gains (Losses) (27,303)                      
Income before income tax 1,182                      
Income tax (benefit) expense 327                      
Net income 1,509                      
Adjusted operating income tax benefit (expense) (9,228)                      
After-tax adjusted operating income 19,257                      
Income tax (expense) benefit on adjustments 9,555                      
Realized investment (losses) gains:                        
Derivative financial instruments (123,274)                      
Realized gains (losses) on investments and derivatives 81,153                      
Net impairment losses recognized in earnings (481)                      
Less: related amortization (9,143)                      
Less: VA GLWB economic cost (6,156)                      
Net investment income 175,180                      
Amortization of deferred policy acquisition costs and value of business acquired 4,072                      
Predecessor | Life Marketing                        
Realized investment (losses) gains:                        
Amortization of deferred policy acquisition costs and value of business acquired 4,813                      
Predecessor | Acquisitions                        
Realized investment (losses) gains:                        
Amortization of deferred policy acquisition costs and value of business acquired 5,033                      
Predecessor | Annuities                        
Realized investment (losses) gains:                        
Amortization of deferred policy acquisition costs and value of business acquired (7,706)                      
Predecessor | Stable Value Products                        
Realized investment (losses) gains:                        
Amortization of deferred policy acquisition costs and value of business acquired 25                      
Predecessor | Asset Protection                        
Realized investment (losses) gains:                        
Amortization of deferred policy acquisition costs and value of business acquired 1,820                      
Predecessor | Corporate and Other                        
Realized investment (losses) gains:                        
Amortization of deferred policy acquisition costs and value of business acquired 87                      
Predecessor | Operating                        
Summarized financial information for the company's segments                        
Revenues 340,909                      
Pre-tax Adjusted Operating Income (Loss) 28,485                      
Realized investment (losses) gains:                        
Net investment income 175,180                      
Amortization of deferred policy acquisition costs and value of business acquired 4,072                      
Predecessor | Operating | Life Marketing                        
Summarized financial information for the company's segments                        
Revenues 145,595                      
Pre-tax Adjusted Operating Income (Loss) (1,618)                      
Realized investment (losses) gains:                        
Net investment income 47,460                      
Amortization of deferred policy acquisition costs and value of business acquired 4,813                      
Predecessor | Operating | Acquisitions                        
Summarized financial information for the company's segments                        
Revenues 139,761                      
Pre-tax Adjusted Operating Income (Loss) 20,134                      
Realized investment (losses) gains:                        
Net investment income 71,088                      
Amortization of deferred policy acquisition costs and value of business acquired 5,033                      
Predecessor | Operating | Annuities                        
Summarized financial information for the company's segments                        
Revenues 7,884                      
Pre-tax Adjusted Operating Income (Loss) 13,164                      
Realized investment (losses) gains:                        
Net investment income 37,189                      
Amortization of deferred policy acquisition costs and value of business acquired (7,706)                      
Predecessor | Operating | Stable Value Products                        
Summarized financial information for the company's segments                        
Revenues 8,181                      
Pre-tax Adjusted Operating Income (Loss) 4,529                      
Realized investment (losses) gains:                        
Net investment income 6,888                      
Amortization of deferred policy acquisition costs and value of business acquired 25                      
Predecessor | Operating | Asset Protection                        
Summarized financial information for the company's segments                        
Revenues 21,953                      
Pre-tax Adjusted Operating Income (Loss) 2,420                      
Realized investment (losses) gains:                        
Net investment income 1,878                      
Amortization of deferred policy acquisition costs and value of business acquired 1,820                      
Predecessor | Operating | Corporate and Other                        
Summarized financial information for the company's segments                        
Revenues 17,535                      
Pre-tax Adjusted Operating Income (Loss) (10,144)                      
Realized investment (losses) gains:                        
Net investment income 10,677                      
Amortization of deferred policy acquisition costs and value of business acquired $ 87