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CONSOLIDATED CONDENSED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Assets    
Fixed maturities, at fair value (amortized cost: 2015 Successor - $38,170,605; 2014 Predecessor - $33,738,242) $ 37,642,607us-gaap_MarketableSecuritiesFixedMaturities  
Fixed maturities, at amortized cost (fair value: 2015 Successor - $528,828; 2014 Predecessor - $485,422) 551,320us-gaap_HeldToMaturitySecurities  
Equity securities, at fair value (cost: 2015 Successor - $739,207; 2014 Predecessor - $778,744) 741,532us-gaap_MarketableSecuritiesEquitySecurities  
Mortgage loans (related to securitizations: 2015 Successor - $441,624; 2014 Predecessor - $455,250) 5,589,795us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet  
Investment real estate, net of accumulated depreciation (2015 Successor - $21; 2014 Predecessor - $246) 7,435us-gaap_RealEstateInvestmentPropertyNet  
Policy loans 1,735,370us-gaap_LoansInsurancePolicy  
Other long-term investments 618,546us-gaap_OtherLongTermInvestments  
Short-term investments 256,303us-gaap_OtherShortTermInvestments  
Total investments 47,142,908us-gaap_Investments  
Cash 454,773us-gaap_Cash  
Accrued investment income 484,090us-gaap_AccruedInvestmentIncomeReceivable  
Accounts and premiums receivable 95,462us-gaap_PremiumsAndOtherReceivablesNet  
Reinsurance receivables 5,712,449us-gaap_ReinsuranceRecoverables  
Deferred policy acquisition costs and value of business acquired 1,314,647us-gaap_DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired  
Goodwill 735,712us-gaap_Goodwill  
Other intangibles, net of accumulated amortization (2015 Successor - $6,886) 676,114us-gaap_OtherIntangibleAssetsNet  
Property and equipment, net of accumulated depreciation (2015 Successor - $1,449; 2014 Predecessor - $118,487) 103,623us-gaap_PropertyPlantAndEquipmentNet  
Other assets 148,505us-gaap_OtherAssets  
Assets related to separate accounts    
Variable annuity 13,339,653pl_AssetsRelatedToSeparateAccountsVariableAnnuity  
Variable universal life 857,167pl_AssetsRelatedToSeparateAccountsVariableUniversalLife  
Total assets 71,065,103us-gaap_Assets  
Liabilities    
Future policy benefits and claims 30,158,669us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense  
Unearned premiums 691,119us-gaap_UnearnedPremiums  
Total policy liabilities and accruals 30,849,788pl_PolicyLiabilitiesAndAccruals  
Stable value product account balances 1,923,684pl_StableValueProductAccountBalances  
Annuity account balances 10,846,606pl_AnnuityAccountBalances  
Other policyholders' funds 1,340,943us-gaap_OtherPolicyholderFunds  
Other liabilities 1,835,545us-gaap_OtherLiabilities  
Income tax payable 65,091us-gaap_TaxesPayableCurrentAndNoncurrent  
Deferred income taxes 1,406,560us-gaap_DeferredIncomeTaxLiabilities  
Non-recourse funding obligations 641,600pl_NonrecourseFundingObligations  
Repurchase program borrowings 510,123pl_ReverseRepurchaseLiability  
Debt 1,669,637us-gaap_DebtLongtermAndShorttermCombinedAmount  
Subordinated debt securities 454,225us-gaap_SubordinatedDebt  
Liabilities related to separate accounts    
Variable annuity 13,339,653pl_LiabilitiesRelatedToSeparateAccountsVariableAnnuity  
Variable universal life 857,167pl_LiabilitiesRelatedToSeparateAccountsVariableUniversalLife  
Total liabilities 65,740,622us-gaap_Liabilities  
Commitments and contingencies - Note 10     
Shareowners' equity    
Common Stock, 2015 (Successor) and 2014 (Predecessor) - $.01 par value and $.50 par value; shares authorized: 5,000 and 160,000,000; shares issued: 1,000 and 88,776,960, respectively     
Additional paid-in-capital 5,554,059us-gaap_AdditionalPaidInCapital  
Retained earnings 62,861us-gaap_RetainedEarningsAccumulatedDeficit  
Accumulated other comprehensive income (loss):    
Net unrealized (losses) gains on investments, net of income tax: (2015 Successor - $(157,486); 2014 Predecessor - $796,960) (292,475)pl_AccumulatedOtherComprehensiveIncomeLossOtherUnrealizedNetGainsLossesOnInvestments  
Accumulated gain (loss) - derivatives, net of income tax: (2015 Successor - $19; 2014 Predecessor - $(45)) 36us-gaap_AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax  
Total shareowners' equity 5,324,481us-gaap_StockholdersEquity  
Total liabilities and shareowners' equity 71,065,103us-gaap_LiabilitiesAndStockholdersEquity  
Predecessor    
Assets    
Fixed maturities, at fair value (amortized cost: 2015 Successor - $38,170,605; 2014 Predecessor - $33,738,242)   36,775,989us-gaap_MarketableSecuritiesFixedMaturities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Fixed maturities, at amortized cost (fair value: 2015 Successor - $528,828; 2014 Predecessor - $485,422)   435,000us-gaap_HeldToMaturitySecurities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Equity securities, at fair value (cost: 2015 Successor - $739,207; 2014 Predecessor - $778,744)   803,230us-gaap_MarketableSecuritiesEquitySecurities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Mortgage loans (related to securitizations: 2015 Successor - $441,624; 2014 Predecessor - $455,250)   5,133,780us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Investment real estate, net of accumulated depreciation (2015 Successor - $21; 2014 Predecessor - $246)   5,918us-gaap_RealEstateInvestmentPropertyNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Policy loans   1,758,237us-gaap_LoansInsurancePolicy
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other long-term investments   514,639us-gaap_OtherLongTermInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Short-term investments   250,645us-gaap_OtherShortTermInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total investments   45,677,438us-gaap_Investments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Cash   379,411us-gaap_Cash
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Accrued investment income   474,522us-gaap_AccruedInvestmentIncomeReceivable
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Accounts and premiums receivable   84,458us-gaap_PremiumsAndOtherReceivablesNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Reinsurance receivables   6,106,113us-gaap_ReinsuranceRecoverables
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Deferred policy acquisition costs and value of business acquired   3,294,570us-gaap_DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Goodwill   102,365us-gaap_Goodwill
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Property and equipment, net of accumulated depreciation (2015 Successor - $1,449; 2014 Predecessor - $118,487)   52,853us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other assets   316,207us-gaap_OtherAssets
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Assets related to separate accounts    
Variable annuity   13,157,429pl_AssetsRelatedToSeparateAccountsVariableAnnuity
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Variable universal life   834,940pl_AssetsRelatedToSeparateAccountsVariableUniversalLife
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total assets   70,480,306us-gaap_Assets
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Liabilities    
Future policy benefits and claims   29,944,890us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Unearned premiums   1,574,077us-gaap_UnearnedPremiums
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total policy liabilities and accruals   31,518,967pl_PolicyLiabilitiesAndAccruals
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Stable value product account balances   1,959,488pl_StableValueProductAccountBalances
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Annuity account balances   10,950,729pl_AnnuityAccountBalances
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other policyholders' funds   1,430,325us-gaap_OtherPolicyholderFunds
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other liabilities   1,621,168us-gaap_OtherLiabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Income tax payable   23,901us-gaap_TaxesPayableCurrentAndNoncurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Deferred income taxes   1,545,478us-gaap_DeferredIncomeTaxLiabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Non-recourse funding obligations   582,404pl_NonrecourseFundingObligations
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Repurchase program borrowings   50,000pl_ReverseRepurchaseLiability
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Debt   1,300,000us-gaap_DebtLongtermAndShorttermCombinedAmount
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Subordinated debt securities   540,593us-gaap_SubordinatedDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Liabilities related to separate accounts    
Variable annuity   13,157,429pl_LiabilitiesRelatedToSeparateAccountsVariableAnnuity
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Variable universal life   834,940pl_LiabilitiesRelatedToSeparateAccountsVariableUniversalLife
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total liabilities   65,515,422us-gaap_Liabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Commitments and contingencies - Note 10     
Shareowners' equity    
Preferred Stock; (Predecessor) $1 par value, shares authorized: 4,000,000; Issued: None     
Common Stock, 2015 (Successor) and 2014 (Predecessor) - $.01 par value and $.50 par value; shares authorized: 5,000 and 160,000,000; shares issued: 1,000 and 88,776,960, respectively   44,388us-gaap_CommonStockValue
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Additional paid-in-capital   606,125us-gaap_AdditionalPaidInCapital
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Treasury stock, at cost ( 2014 Predecessor - 9,435,255 )   (185,705)us-gaap_TreasuryStockValue
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Retained earnings   3,082,000us-gaap_RetainedEarningsAccumulatedDeficit
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Accumulated other comprehensive income (loss):    
Net unrealized (losses) gains on investments, net of income tax: (2015 Successor - $(157,486); 2014 Predecessor - $796,960)   1,480,068pl_AccumulatedOtherComprehensiveIncomeLossOtherUnrealizedNetGainsLossesOnInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net unrealized (losses) gains relating to other-than-temporary impaired investments for which a portion has been recognized in earnings, net of income tax: (2015 Successor - $0; 2014 Predecessor - $2,208)   4,101pl_AccumulatedOtherComprehensiveIncomeLossUnrealizedOtherThanTemporaryImpairmentLosses
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Accumulated gain (loss) - derivatives, net of income tax: (2015 Successor - $19; 2014 Predecessor - $(45))   (82)us-gaap_AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Postretirement benefits liability adjustment, net of income tax: (2015 Successor - $0; 2014 Predecessor - $(35,545))   (66,011)us-gaap_AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total shareowners' equity   4,964,884us-gaap_StockholdersEquity
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total liabilities and shareowners' equity   $ 70,480,306us-gaap_LiabilitiesAndStockholdersEquity
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember