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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
2 Months Ended 1 Months Ended 3 Months Ended
Mar. 31, 2015
Jan. 31, 2015
Mar. 31, 2014
Revenues      
Premiums and policy fees $ 509,008pl_PremiumsAndPolicyFees    
Reinsurance ceded (141,401)us-gaap_CededPremiumsWritten    
Net of reinsurance ceded 367,607pl_NetOfReinsuranceCeded    
Net investment income 288,872us-gaap_NetInvestmentIncome    
Realized investment gains (losses):      
Derivative financial instruments 33,641us-gaap_GainLossOnDerivativeInstrumentsNetPretax    
All other investments (35,056)pl_RealizedInvestmentGainsLossesAllOtherInvestments    
Other income 67,263us-gaap_OtherIncome    
Total revenues 722,327us-gaap_Revenues    
Benefits and expenses      
Benefits and settlement expenses, net of reinsurance ceded: (2015 Successor - $117,208; 2015 Predecessor - $87,674; 2014 Predecessor - $304,832) 486,299us-gaap_PolicyholderBenefitsAndClaimsIncurredNet    
Amortization of deferred policy acquisition costs and value of business acquired 27,897pl_AmortizationOfDeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired    
Other operating expenses, net of reinsurance ceded: (2015 Successor - $35,036; 2015 Predecessor - $17,056; 2014 Predecessor - $43,766) 115,304pl_OtherOperatingExpensesNetOfReinsuranceCeded    
Total benefits and expenses 629,500us-gaap_BenefitsLossesAndExpenses    
Income before income tax 92,827us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments    
Income tax expense (benefit) 29,966us-gaap_IncomeTaxExpenseBenefit    
Net Income 62,861us-gaap_NetIncomeLoss    
Predecessor      
Revenues      
Premiums and policy fees   261,866pl_PremiumsAndPolicyFees
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815,896pl_PremiumsAndPolicyFees
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Reinsurance ceded   (89,956)us-gaap_CededPremiumsWritten
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(327,713)us-gaap_CededPremiumsWritten
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Net of reinsurance ceded   171,910pl_NetOfReinsuranceCeded
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488,183pl_NetOfReinsuranceCeded
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Net investment income   175,180us-gaap_NetInvestmentIncome
/ us-gaap_StatementScenarioAxis
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538,163us-gaap_NetInvestmentIncome
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Realized investment gains (losses):      
Derivative financial instruments   (123,274)us-gaap_GainLossOnDerivativeInstrumentsNetPretax
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(105,350)us-gaap_GainLossOnDerivativeInstrumentsNetPretax
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
All other investments   81,153pl_RealizedInvestmentGainsLossesAllOtherInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
72,114pl_RealizedInvestmentGainsLossesAllOtherInvestments
/ us-gaap_StatementScenarioAxis
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Other-than-temporary impairment losses   (636)us-gaap_MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount
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(423)us-gaap_MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount
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Portion recognized in other comprehensive income (before taxes)   155pl_OtherThanTemporaryImpairmentsInOtherComprehensiveIncomeReclassificationBeforeTax
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(1,168)pl_OtherThanTemporaryImpairmentsInOtherComprehensiveIncomeReclassificationBeforeTax
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Net impairment losses recognized in earnings   (481)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(1,591)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_StatementScenarioAxis
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Other income   36,421us-gaap_OtherIncome
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
99,039us-gaap_OtherIncome
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Total revenues   340,909us-gaap_Revenues
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1,090,558us-gaap_Revenues
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= us-gaap_PredecessorMember
Benefits and expenses      
Benefits and settlement expenses, net of reinsurance ceded: (2015 Successor - $117,208; 2015 Predecessor - $87,674; 2014 Predecessor - $304,832)   267,287us-gaap_PolicyholderBenefitsAndClaimsIncurredNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
728,519us-gaap_PolicyholderBenefitsAndClaimsIncurredNet
/ us-gaap_StatementScenarioAxis
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Amortization of deferred policy acquisition costs and value of business acquired   4,072pl_AmortizationOfDeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
55,582pl_AmortizationOfDeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other operating expenses, net of reinsurance ceded: (2015 Successor - $35,036; 2015 Predecessor - $17,056; 2014 Predecessor - $43,766)   68,368pl_OtherOperatingExpensesNetOfReinsuranceCeded
/ us-gaap_StatementScenarioAxis
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181,252pl_OtherOperatingExpensesNetOfReinsuranceCeded
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Total benefits and expenses   339,727us-gaap_BenefitsLossesAndExpenses
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965,353us-gaap_BenefitsLossesAndExpenses
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Income before income tax   1,182us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
125,205us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Income tax expense (benefit)   (327)us-gaap_IncomeTaxExpenseBenefit
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41,566us-gaap_IncomeTaxExpenseBenefit
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Net Income   $ 1,509us-gaap_NetIncomeLoss
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$ 83,639us-gaap_NetIncomeLoss
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Net income - basic (in dollars per share)   $ 0.02us-gaap_EarningsPerShareBasic
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$ 1.05us-gaap_EarningsPerShareBasic
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Net income - diluted (in dollars per share)   $ 0.02us-gaap_EarningsPerShareDiluted
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$ 1.03us-gaap_EarningsPerShareDiluted
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Cash dividends paid per share (in dollars per share)     $ 0.20us-gaap_CommonStockDividendsPerShareCashPaid
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Average shares outstanding - basic (in shares)   80,452,848us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
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79,608,461us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
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Average shares outstanding - diluted (in shares)   81,759,287us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
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80,872,152us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
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