INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2015

INCOME TAXES

Schedule of components of the Company's net deferred income tax liability

	Successor			Predecessor
	Company			Company
	As of			As of
	March 31, 2015			December 31, 2014
	(Dollars In Thousands)			(Dollars In Thousands)
Deferred income tax assets:
Loss and credit carryforwards	$	62,047		$	516
Premium receivables and policy liabilities	—			95,298
Deferred compensation	223,593			194,223
Invested assets (other than unrealized gains)	—			63,901
Deferred policy acquisition costs	459,122			—
Premium on corporate debt	122,199			—
Unrealized loss on investments	157,505			—
Valuation allowance	(2,047		)	(2,206		)
	1,022,419			351,732
Deferred income tax liabilities:
Premium receivables and policy liabilities	37,172			—
VOBA and other intangibles	686,836			—
DAC and VOBA	—			1,078,533
Invested assets (other than unrealized gains)	1,666,936			—
Net unrealized gains (losses) on investments				799,123
Other	38,035			19,554
	2,428,979			1,897,210
Net deferred income tax liability	$	(1,406,560	)	$	(1,545,478	)

Schedule of reconciliation of the beginning and ending amount of unrecognized tax benefits

	Successor			Predecessor
	Company			Company
	February 1, 2015			January 1, 2015
	to			to			As of
	March 31, 2015			January 31, 2015			December 31, 2014
	(Dollars In Thousands)			(Dollars In Thousands)
Balance, beginning of period	$	137,593		$	193,244		$	105,881
Additions for tax positions of the current year	26,257			(5,010		)	57,463
Additions for tax positions of prior years	—			7,724			39,433
Reductions of tax positions of prior years:
Changes in judgment	(1,028		)	(58,365		)	(9,533		)
Settlements during the period	—			—			—
Lapses of applicable statute of limitations	—			—			—
Balance, end of period	$	162,822		$	137,593		$	193,244