MONY CLOSED BLOCK OF BUSINESS (Tables)

3 Months Ended

Mar. 31, 2014

MONY CLOSED BLOCK OF BUSINESS

Summary of financial information for the Closed Block

	As of
	March 31, 2014		December 31, 2013
	(Dollars In Thousands)
Closed block liabilities
Future policy benefits, policyholders’ account balances and other	$	6,240,290	$	6,274,719
Policyholder dividend obligation	254,081		190,494
Other liabilities	5,840		1,259
Total closed block liabilities	6,500,211		6,466,472
Closed block assets
Fixed maturities, available-for-sale, at fair value	$	4,102,407	$	4,109,142
Equity securities, available-for-sale, at fair value	5,260		5,223
Mortgage loans on real estate	560,882		594,884
Policy loans	796,863		802,013
Cash and other invested assets	235,578		140,577
Other assets	204,813		207,265
Total closed block assets	5,905,803		5,859,104
Excess of reported closed block liabilities over closed block assets	594,408		607,368
Portion of above representing accumulated other comprehensive income:
Net unrealized investments gains (losses) net of deferred tax benefit of $0 and $1,074 net of policyholder dividend obligation of $37,405 and $12,720	—		(1,994		)
Future earnings to be recognized from closed block assets and closed block liabilities	$	594,408	$	605,374

Schedule of reconciliation of the policyholder dividend obligation

	For The
	Three Months Ended
	March 31, 2014
	(Dollars In Thousands)
Policyholder dividend obligation, at December 31, 2013	$	190,494
Applicable to net revenue (losses)	(6,680		)
Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation	70,267
Policyholder dividend obligation, end of period	$	254,081

Schedule of Closed Block revenues and expenses

	For The
	Three Months Ended
	March 31, 2014
	(Dollars In Thousands)
Revenues
Premiums and other income	$	50,066
Net investment income (loss)	52,207
Net investment gains (losses)	5,019
Total revenues	107,292
Benefits and other deductions
Benefits and settlement expenses	96,326
Total benefits and other deductions	96,326
Net revenues before income taxes	10,966
Income tax expense	3,838
Net revenues	$	7,128