OPERATING SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2015

OPERATING SEGMENTS

Summary of financial information for the Company's segments

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	Successor			Predecessor
	Company			Company
	February 1, 2015			January 1, 2015			For The Three
	to			to			Months Ended
	March 31, 2015			January 31, 2015			March 31, 2014
	(Dollars In Thousands)			(Dollars In Thousands)
Revenues
Life Marketing	$	272,176		$	145,595		$	384,766
Acquisitions	258,789			139,761			426,948
Annuities	103,369			7,884			144,657
Stable Value Products	10,342			8,181			27,819
Asset Protection	44,027			21,953			66,383
Corporate and Other	33,624			17,535			39,985
Total revenues	$	722,327		$	340,909		$	1,090,558
Segment Operating Income (Loss)
Life Marketing	$	3,425		$	(1,618	)	$	23,485
Acquisitions	36,070			20,134			60,996
Annuities	38,185			13,164			51,643
Stable Value Products	6,115			4,529			17,397
Asset Protection	4,047			2,420			6,369
Corporate and Other	1,885			(10,144		)	(14,855		)
Total segment operating income	89,727			28,485			145,035
Realized investment (losses) gains - investments(1)	(42,933		)	89,815			68,533
Realized investment (losses) gains - derivatives	46,033			(117,118		)	(88,363		)
Income tax (expense) benefit	(29,966		)	327			(41,566		)
Net income	$	62,861		$	1,509		$	83,639
(2)Investment gains (losses)	$	(35,056	)	$	80,672		$	70,523
Less: amortization related to DAC/VOBA and benefits and settlement expenses	7,877			(9,143		)	1,990
Realized investment gains (losses) - investments	$	(42,933	)	$	89,815		$	68,533
(3)Derivative gains (losses)	$	33,641		$	(123,274	)	$	(105,350	)
Less: VA GMWB economic cost	(12,392		)	(6,156		)	(16,987		)
Realized investment gains (losses) - derivatives	$	46,033		$	(117,118	)	$	(88,363	)

(1) Includes credit related other-than-temporary impairments of $0.5 million for the period of January 1, 2015 to January 31, 2015 (Predecessor Company) and $1.6 million for the three months ended March 31, 2014 (Predecessor Company), respectively. The Company did not recognize any other-than-temporary impairments for the period of February 1, 2015 to March 31, 2015 (Successor Company).

(2) Includes realized investment gains (losses) before related amortization.

(3) Includes realized gains (losses) on derivatives before the VA GMWB economic cost.

	Operating Segment Assets
	As of March 31, 2015 (Successor Company)
	(Dollars In Thousands)
	Life							Stable Value
	Marketing		Acquisitions			Annuities		Products
Investments and other assets	$	13,568,112	$	20,526,268		$	20,469,723	$	1,799,982
Deferred policy acquisition costs and value of business acquired	991,539		(183,586		)	462,339		—
Other intangibles	333,841		41,574			206,778		9,889
Goodwill	203,543		14,524			336,677		113,813
Total assets	$	15,097,035	$	20,398,780		$	21,475,517	$	1,923,684

	Asset		Corporate				Total
	Protection		and Other		Adjustments		Consolidated
Investments and other assets	$	834,251	$	11,128,974	$	11,320	$	68,338,630
Deferred policy acquisition costs and value of business acquired	44,355		—		—		1,314,647
Other intangibles	84,032		—		—		676,114
Goodwill	67,155		—		—		735,712
Total assets	$	1,029,793	$	11,128,974	$	11,320	$	71,065,103

	Operating Segment Assets
	As of December 31, 2014 (Predecessor Company)
	(Dollars In Thousands)
	Life						Stable Value
	Marketing		Acquisitions		Annuities		Products
Investments and other assets	$	13,858,491	$	19,858,284	$	20,783,373	$	1,958,867
Deferred policy acquisition costs and value of business acquired	1,973,156		600,482		684,574		621
Goodwill	10,192		29,419		—		—
Total assets	$	15,841,839	$	20,488,185	$	21,467,947	$	1,959,488

	Asset		Corporate				Total
	Protection		and Other		Adjustments		Consolidated
Investments and other assets	$	927,202	$	9,682,362	$	14,792	$	67,083,371
Deferred policy acquisition costs and value of business acquired	35,418		319		—		3,294,570
Goodwill	62,671		83		—		102,365
Total assets	$	1,025,291	$	9,682,764	$	14,792	$	70,480,306