SIGNIFICANT TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2017

Summary of fair values of the net assets acquired

The following table summarizes the fair values of the net assets acquired as of the acquisition date:



	Fair Value As of December 1, 2016
	(Dollars in Thousands)
Assets
Fixed maturities	$	10,592
Other long-term investments	2,340
Cash	122,167
Accrued investment income	52
Accounts and premiums receivables	18,536
Reinsurance receivable	9,397
Value of businesses acquired	5,079
Goodwill	61,027
Other intangibles	70,400
Property and equipment	390
Accrued income taxes	4,161
Other assets	40
Total assets	304,181
Liabilities
Unearned premiums	$	82,757
Other policyholders' funds	21,483
Other liabilities	24,951
Deferred income taxes	38,929
Total liabilities	168,120
Net assets acquired	$	136,061

Schedule of intangible assets recognized

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



	Estimated
	Fair Value on		Estimated
	Acquisition Date		Useful Life
	(Dollars In Thousands)		(In Years)
Distribution relationships	$	65,000	13-21
Trade names	1,400		5-6
Technology	4,000		8-11
Total intangible assets	$	70,400

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

Pro forma information

The following (unaudited) pro forma condensed consolidated results of operations assumes that the acquisition of US Warranty was completed as of January 1, 2015:



	Successor Company
	For The Year Ended December 31, 2016		February 1, 2015 to December 31, 2015
	(Dollars In Thousands)
Revenue⁽¹⁾	$	4,532,292	$	3,753,700
Net income⁽²⁾	393,277		268,479


(1)	Includes $4.7 million of revenue recognized in the Company's net income for year ended December 31, 2016 (Successor Company).


(2)	Includes $0.2 million of net income recognized in the Company's net income for the year ended December 31, 2016 (Successor Company).