MONY CLOSED BLOCK OF BUSINESS (Tables)

12 Months Ended

Dec. 31, 2017

Closed Block Disclosure [Abstract]

Summary of financial information for the Closed Block

Summarized financial information for the Closed Block as of December 31, 2017 (Successor Company) and December 31, 2016 (Successor Company) and is as follows:

	Successor Company
	As of December 31,
	2017		2016
	(Dollars In Thousands)
Closed block liabilities
Future policy benefits, policyholders' account balances and other policyholder liabilities	$	5,791,867	$	5,896,355
Policyholder dividend obligation	160,712		31,932
Other liabilities	30,764		40,007
Total closed block liabilities	5,983,343		5,968,294
Closed block assets
Fixed maturities, available-for-sale, at fair value	4,669,856		4,440,105
Mortgage loans on real estate	108,934		201,088
Policy loans	700,769		712,959
Cash and other invested assets	31,182		108,270
Other assets	122,637		135,794
Total closed block assets	5,633,378		5,598,216
Excess of reported closed block liabilities over closed block assets	349,965		370,078
Portion of above representing accumulated other comprehensive income:
Net unrealized investments gains (losses) net of policyholder dividend obligation: $(13,429) and $(197,450); and net of income tax: $2,820 and $69,107	—		—
Future earnings to be recognized from closed block assets and closed block liabilities	$	349,965	$	370,078

Schedule of reconciliation of the policyholder dividend obligation

Reconciliation of the policyholder dividend obligation is as follows:

	Successor Company
	For The Year Ended December 31, 2017			For The Year Ended December 31, 2016
	(Dollars In Thousands)
Policyholder dividend obligation, beginning balance	$	31,932		$	—
Applicable to net revenue (losses)	(55,241		)	(46,557		)
Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation	184,021			78,489
Policyholder dividend obligation, ending balance	$	160,712		$	31,932

Schedule of Closed Block revenues and expenses

Closed Block revenues and expenses were as follows:

	Successor Company						Predecessor Company
	For The Year Ended December 31, 2017		For The Year Ended December 31, 2016		February 1, 2015 to December 31, 2015		January 1, 2015 to January 31, 2015
	(Dollars In Thousands)						(Dollars In Thousands)
Revenues
Premiums and other income	$	180,097	$	189,700	$	185,562	$	15,065
Net investment income	203,964		211,175		193,203		19,107
Net investment gains	910		1,524		3,333		568
Total revenues	384,971		402,399		382,098		34,740
Benefits and other deductions
Benefits and settlement expenses	335,200		353,488		336,629		31,152
Other operating expenses	1,940		2,804		1,001		—
Total benefits and other deductions	337,140		356,292		337,630		31,152
Net revenues before income taxes	47,831		46,107		44,468		3,588
Income tax expense	27,718		16,137		14,920		1,256
Net revenues	$	20,113	$	29,970	$	29,548	$	2,332