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REINSURANCE (Tables)
 12 Months Ended
Dec. 31, 2017
Reinsurance Disclosures [Abstract]  
Schedule of net life insurance in-force
The following table presents the net life insurance in-force:
 
Successor Company
 
As of December 31,
 
2017
 
2016
 
(Dollars In Millions)
Direct life insurance in-force
$
751,512

 
$
739,249

Amounts assumed from other companies
110,205

 
116,265

Amounts ceded to other companies
(328,377
)
 
(348,995
)
Net life insurance in-force
$
533,340

 
$
506,519

Percentage of amount assumed to net
21
%
 
23
%
Schedule of effect of reinsurance on life insurance premiums written and earned
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.
Schedule of receivables attributable to more significant reinsurance partners
The following table sets forth the receivables attributable to our more significant reinsurance partners:
 
Successor Company
 
As of December 31,
 
2017
 
2016
 
Reinsurance
Receivable
 
A.M. Best
Rating
 
Reinsurance
Receivable
 
A.M. Best
Rating
 
(Dollars In Millions)
Security Life of Denver Insurance Company
$
740.8

 
A
 
$
762.2

 
A
Swiss Re Life & Health America, Inc.
614.8

 
A+
 
682.6

 
A+
Lincoln National Life Insurance Co.
489.1

 
A+
 
530.9

 
A+
Transamerica Life Insurance Co.
335.6

 
A+
 
367.8

 
A+
SCOR Global Life(1)
331.8

 
A+
 
354.8

 
A
RGA Reinsurance Company
278.3

 
A+
 
269.0

 
A+
American United Life Insurance Company
266.7

 
A+
 
285.6

 
A+
Scottish Re (U.S.) Inc.
249.5

 
NR
 
232.8

 
NR
Centre Reinsurance (Bermuda) Ltd
212.2

 
NR
 
243.6

 
NR
Employers Reassurance Corporation
193.9

 
A-
 
201.7

 
A-

(1)
Includes SCOR Global Life Americas Reinsurance Company, SCOR Global Life USA Reinsurance Co, and SCOR Global Life Reinsurance Co of Delaware