SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of indefinite-lived intangible assets

Intangible assets recognized by the Company included the following (excluding goodwill):



	Successor Company
	As of December 31,				Estimated
	2017		2016		Useful Life
	(Dollars In Thousands)				(In Years)
Distribution relationships	$	402,975	$	428,499	14-22
Trade names	85,340		92,049		13-17
Technology	107,343		121,253		7-14
Other	35,914		14,282
Total intangible assets subject to amortization	631,572		656,083

Insurance licenses	32,000		32,000		Indefinite
Total intangible assets	$	663,572	$	688,083

Schedule of finite-lived intangible assets

Intangible assets recognized by the Company included the following (excluding goodwill):



	Successor Company
	As of December 31,				Estimated
	2017		2016		Useful Life
	(Dollars In Thousands)				(In Years)
Distribution relationships	$	402,975	$	428,499	14-22
Trade names	85,340		92,049		13-17
Technology	107,343		121,253		7-14
Other	35,914		14,282
Total intangible assets subject to amortization	631,572		656,083

Insurance licenses	32,000		32,000		Indefinite
Total intangible assets	$	663,572	$	688,083

Schedule of future estimated aggregate amortization expense

The following is a schedule of future estimated aggregate amortization expense:



Year	Amount
	(Dollars In Thousands)
2018	$	56,011
2019	52,898
2020	49,897
2021	48,105
2022	45,771

Amortizable intangible assets will be amortized straight line over their assigned useful lives. The following is a schedule of future estimated aggregate amortization expense:



Year	Amount
	(Dollars In Thousands)
2017	$	4,843
2018	4,843
2019	4,843
2020	4,843
2021	4,843

Schedule of property and equipment

Property and equipment consisted of the following:



	Successor Company
	As of December 31,
	2017			2016
	(Dollars In Thousands)
Home office building	$	68,123		$	67,279
Data processing equipment	24,102			21,750
Other, principally furniture and equipment	17,198			9,612
Total property and equipment subject to depreciation	109,423			98,641
Accumulated depreciation	(22,926		)	(17,450		)
Land	24,920			24,920
Total property and equipment	$	111,417		$	106,111

Schedule of future maturities of stable value products

As of December 31, 2017 (Successor Company), future maturities of stable value products were as follows:



Year of Maturity	Amount
	(Dollars In Millions)
2018	$	888.0
2019 - 2020	2,479.5
2021 - 2022	1,201.0
Thereafter	124.8

Schedule of future policy benefit liabilities

Future policy benefit liabilities for the year indicated are as follows:



	Successor Company
	As of December 31,				As of December 31,
	2017		2016		2017		2016
	Total Policy Liabilities and Accruals				Reinsurance Receivable
	(Dollars In Thousands)				(Dollars In Thousands)
Life and annuity benefit reserves	$	29,972,938	$	29,574,479	$	3,898,079	$	4,191,845
Unpaid life claim liabilities	595,188		517,257		362,827		323,630
Life and annuity future policy benefits	30,568,126		30,091,736		4,260,906		4,515,475
Other policy benefits reserves	157,101		170,519		92,330		103,746
Other policy benefits unpaid claim liabilities	232,365		248,830		185,826		200,655
Future policy benefits and claims and associated reinsurance receivable	$	30,957,592	$	30,511,085	$	4,539,062	$	4,819,876
Unearned premiums	875,405		848,495		536,636		503,970
Total policy liabilities and accruals and associated reinsurance receivable	$	31,832,997	$	31,359,580	$	5,075,698	$	5,323,846

Reinsurance receivable

Future policy benefit liabilities for the year indicated are as follows:



	Successor Company
	As of December 31,				As of December 31,
	2017		2016		2017		2016
	Total Policy Liabilities and Accruals				Reinsurance Receivable
	(Dollars In Thousands)				(Dollars In Thousands)
Life and annuity benefit reserves	$	29,972,938	$	29,574,479	$	3,898,079	$	4,191,845
Unpaid life claim liabilities	595,188		517,257		362,827		323,630
Life and annuity future policy benefits	30,568,126		30,091,736		4,260,906		4,515,475
Other policy benefits reserves	157,101		170,519		92,330		103,746
Other policy benefits unpaid claim liabilities	232,365		248,830		185,826		200,655
Future policy benefits and claims and associated reinsurance receivable	$	30,957,592	$	30,511,085	$	4,539,062	$	4,819,876
Unearned premiums	875,405		848,495		536,636		503,970
Total policy liabilities and accruals and associated reinsurance receivable	$	31,832,997	$	31,359,580	$	5,075,698	$	5,323,846

The following table reflects the effect of reinsurance on life, accident/health, and property and liability insurance premiums written and earned:



	Gross Amount		Ceded to Other Companies			Assumed from Other Companies		Net Amount
	(Dollars In Thousands)
Successor Company
For The Year Ended
December 31, 2017:
Premiums and policy fees:
Life insurance	$	2,655,846	$	(1,151,175	)	$	435,113	$	1,939,784	⁽¹⁾
Accident/health insurance	51,991		(33,051		)	14,945		33,885
Property and liability insurance	309,848		(176,509		)	9,676		143,015
Total	$	3,017,685	$	(1,360,735	)	$	459,734	$	2,116,684
December 31, 2016:
Premiums and policy fees:
Life insurance	$	2,610,682	$	(1,126,915	)	$	454,999	$	1,938,766	⁽¹⁾
Accident/health insurance	58,076		(36,935		)	17,439		38,580
Property and liability insurance	261,009		(150,866		)	5,726		115,869
Total	$	2,929,767	$	(1,314,716	)	$	478,164	$	2,093,215

February 1, 2015 to December 31, 2015
Premiums and policy fees:
Life insurance	$	2,360,643	$	(983,143	)	$	308,280	$	1,685,780	⁽¹⁾
Accident/health insurance	70,243		(36,871		)	18,252		51,624
Property and liability insurance	243,728		(134,964		)	6,904		115,668
Total	$	2,674,614	$	(1,154,978	)	$	333,436	$	1,853,072

	Gross Amount		Ceded to Other Companies			Assumed from Other Companies		Net Amount
	(Dollars In Thousands)
Predecessor Company
January 1, 2015 to January 31, 2015:
Premiums and policy fees:
Life insurance	$	204,185	$	(74,539	)	$	28,601	$	158,247	⁽¹⁾
Accident/health insurance	6,846		(4,621		)	1,809		4,034
Property and liability insurance	19,759		(10,796		)	666		9,629
Total	$	230,790	$	(89,956	)	$	31,076	$	171,910


(1)	Includes annuity policy fees of $173.5 million, $160.4 million, $152.8 million, and $13.9 million for the year ended December 31, 2017 (Successor Company), for the year ended December 31, 2016 (Successor Company), for the periods of February 1, 2015 to December 31, 2015 (Successor Company) and January 1, 2015 to January 31, 2015 (Predecessor Company), respectively.