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DERIVATIVE FINANCIAL INSTRUMENTS (Details)
$ in Thousands
1 Months Ended 3 Months Ended 5 Months Ended 6 Months Ended
Jan. 31, 2015
USD ($)
Jun. 30, 2015
USD ($)
position
Jun. 30, 2014
USD ($)
Jun. 30, 2015
USD ($)
position
Jun. 30, 2014
USD ($)
Dec. 31, 2014
USD ($)
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross   $ 94,603   $ 128,244    
Notional Amount, Other long-term investments   10,969,301   10,969,301    
Fair Value, Other long-term investments   394,947   394,947    
Notional Amount, Other liabilities   10,399,489   10,399,489    
Fair Value, Other liabilities   $ 518,571   $ 518,571    
Cash flow hedges. | Interest rate swaps            
Notional amount and fair value of the entity's derivative financial instruments            
Positions held | position   0   0    
Derivatives not designated as hedging instruments            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross   $ 94,603   $ 128,244    
Derivatives not designated as hedging instruments | Annuity account            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross   (17,672)   (18,685)    
Derivatives not designated as hedging instruments | FIA            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross   1,664   3,644    
Derivatives not designated as hedging instruments | IUL            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross   1,469   1,880    
Derivatives not designated as hedging instruments | Interest rate futures | Annuity account            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross   (14,183)   (14,231)    
Derivatives not designated as hedging instruments | Equity futures            
Notional amount and fair value of the entity's derivative financial instruments            
Notional Amount, Other long-term investments   646,935   646,935    
Fair Value, Other long-term investments   7,906   7,906    
Notional Amount, Other liabilities   10,289   10,289    
Fair Value, Other liabilities   47   47    
Derivatives not designated as hedging instruments | Equity futures | Annuity account            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross   (5,267)   (37,736)    
Derivatives not designated as hedging instruments | Equity futures | FIA            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross   123   307    
Derivatives not designated as hedging instruments | Equity futures | IUL            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross   9   23    
Derivatives not designated as hedging instruments | Currency futures            
Notional amount and fair value of the entity's derivative financial instruments            
Notional Amount, Other long-term investments   111,856   111,856    
Fair Value, Other long-term investments   1,412   1,412    
Notional Amount, Other liabilities   137,101   137,101    
Fair Value, Other liabilities   2,021   2,021    
Derivatives not designated as hedging instruments | Currency futures | Annuity account            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross   (8,709)   (2,572)    
Derivatives not designated as hedging instruments | Volatility futures | FIA            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross   25   29    
Derivatives not designated as hedging instruments | Equity options            
Notional amount and fair value of the entity's derivative financial instruments            
Notional Amount, Other long-term investments   2,695,658   2,695,658    
Fair Value, Other long-term investments   186,051   186,051    
Notional Amount, Other liabilities   1,255,872   1,255,872    
Fair Value, Other liabilities   36,100   36,100    
Derivatives not designated as hedging instruments | Equity options | Annuity account            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross   (3,550)   (25,324)    
Derivatives not designated as hedging instruments | Equity options | FIA            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross   1,226   5,601    
Derivatives not designated as hedging instruments | Equity options | IUL            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross   (78)   62    
Derivatives not designated as hedging instruments | Interest rate swaptions            
Notional amount and fair value of the entity's derivative financial instruments            
Notional Amount, Other long-term investments   225,000   225,000    
Fair Value, Other long-term investments   8,237   8,237    
Derivatives not designated as hedging instruments | Interest rate swaptions | Annuity account            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross   2,547   (8,781)    
Derivatives not designated as hedging instruments | Interest rate swaps            
Notional amount and fair value of the entity's derivative financial instruments            
Notional Amount, Other long-term investments   750,000   750,000    
Fair Value, Other long-term investments   20,606   20,606    
Notional Amount, Other liabilities   1,225,000   1,225,000    
Fair Value, Other liabilities   $ 49,179   $ 49,179    
Positions held | position   0   0    
Derivatives not designated as hedging instruments | Interest rate swaps | Annuity account            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross   $ (121,167)   $ (175,958)    
Derivatives not designated as hedging instruments | Embedded derivative - GMWB            
Notional amount and fair value of the entity's derivative financial instruments            
Notional Amount, Other long-term investments   6,028,811   6,028,811    
Fair Value, Other long-term investments   167,275   167,275    
Notional Amount, Other liabilities   4,057,354   4,057,354    
Fair Value, Other liabilities   107,393   107,393    
Derivatives not designated as hedging instruments | Embedded derivative - GMWB | Annuity account            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross   132,657   245,917    
Derivatives not designated as hedging instruments | Embedded derivative - FIA            
Notional amount and fair value of the entity's derivative financial instruments            
Notional Amount, Other liabilities   854,986   854,986    
Fair Value, Other liabilities   85,129   85,129    
Derivatives not designated as hedging instruments | Embedded derivative - FIA | FIA            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross   290   (2,293)    
Derivatives not designated as hedging instruments | Embedded derivative - IUL            
Notional amount and fair value of the entity's derivative financial instruments            
Notional Amount, Other liabilities   28,270   28,270    
Fair Value, Other liabilities   11,902   11,902    
Derivatives not designated as hedging instruments | Embedded derivative - IUL | IUL            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross   1,538   1,795    
Derivatives not designated as hedging instruments | Embedded derivative - Modco reinsurance treaties            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross   109,131   141,322    
Notional Amount, Other long-term investments   65,242   65,242    
Fair Value, Other long-term investments   2,321   2,321    
Notional Amount, Other liabilities   2,496,000   2,496,000    
Fair Value, Other liabilities   223,342   223,342    
Derivatives not designated as hedging instruments | Interest rate futures            
Notional amount and fair value of the entity's derivative financial instruments            
Notional Amount, Other long-term investments   445,008   445,008    
Fair Value, Other long-term investments   795   795    
Notional Amount, Other liabilities   334,067   334,067    
Fair Value, Other liabilities   3,453   3,453    
Derivatives not designated as hedging instruments | Other.            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross   11   83    
Notional Amount, Other long-term investments   791   791    
Fair Value, Other long-term investments   344   344    
Notional Amount, Other liabilities   550   550    
Fair Value, Other liabilities   $ 5   $ 5    
Predecessor            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross $ (123,274)   $ (89,926)   $ (195,276)  
Notional Amount, Other long-term investments           $ 7,178,906
Fair Value, Other long-term investments           293,970
Notional Amount, Other liabilities           11,763,048
Fair Value, Other liabilities           820,739
Predecessor | Cash flow hedges. | Inflation            
Notional amount and fair value of the entity's derivative financial instruments            
Notional Amount, Other liabilities           40,469
Fair Value, Other liabilities           142
Predecessor | Derivatives not designated as hedging instruments            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross (123,274)   (89,926)   (195,276)  
Predecessor | Derivatives not designated as hedging instruments | Annuity account            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross (53,581)   (32,588)   (80,780)  
Predecessor | Derivatives not designated as hedging instruments | FIA            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross (1,032)   (4,710)   (1,638)  
Predecessor | Derivatives not designated as hedging instruments | IUL            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross (598)   (285)   (285)  
Predecessor | Derivatives not designated as hedging instruments | Interest rate futures | Annuity account            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross 1,413   6,548   10,798  
Predecessor | Derivatives not designated as hedging instruments | Equity futures            
Notional amount and fair value of the entity's derivative financial instruments            
Notional Amount, Other long-term investments           26,483
Fair Value, Other long-term investments           427
Notional Amount, Other liabilities           385,256
Fair Value, Other liabilities           15,069
Predecessor | Derivatives not designated as hedging instruments | Equity futures | Annuity account            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross 9,221   (7,259)   (9,910)  
Predecessor | Derivatives not designated as hedging instruments | Equity futures | FIA            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross (184)   605   950  
Predecessor | Derivatives not designated as hedging instruments | Equity futures | IUL            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross 3          
Predecessor | Derivatives not designated as hedging instruments | Currency futures            
Notional amount and fair value of the entity's derivative financial instruments            
Notional Amount, Other long-term investments           197,648
Fair Value, Other long-term investments           2,384
Predecessor | Derivatives not designated as hedging instruments | Currency futures | Annuity account            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross 7,778   (2,887)   (4,165)  
Predecessor | Derivatives not designated as hedging instruments | Volatility futures | FIA            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross     8   8  
Predecessor | Derivatives not designated as hedging instruments | Variance swaps | Annuity account            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross     (823)   (2,673)  
Predecessor | Derivatives not designated as hedging instruments | Equity options            
Notional amount and fair value of the entity's derivative financial instruments            
Notional Amount, Other long-term investments           1,921,167
Fair Value, Other long-term investments           163,212
Notional Amount, Other liabilities           699,295
Fair Value, Other liabilities           47,077
Predecessor | Derivatives not designated as hedging instruments | Equity options | Annuity account            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross 3,047   (20,949)   (33,290)  
Predecessor | Derivatives not designated as hedging instruments | Equity options | FIA            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross (2,617)   2,984   3,978  
Predecessor | Derivatives not designated as hedging instruments | Equity options | IUL            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross (115)          
Predecessor | Derivatives not designated as hedging instruments | Interest rate swaptions            
Notional amount and fair value of the entity's derivative financial instruments            
Notional Amount, Other long-term investments           625,000
Fair Value, Other long-term investments           8,012
Predecessor | Derivatives not designated as hedging instruments | Interest rate swaptions | Annuity account            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross 9,268   (4,998)   (14,401)  
Predecessor | Derivatives not designated as hedging instruments | Interest rate swaps            
Notional amount and fair value of the entity's derivative financial instruments            
Notional Amount, Other long-term investments           1,550,000
Fair Value, Other long-term investments           50,743
Notional Amount, Other liabilities           275,000
Fair Value, Other liabilities           3,599
Predecessor | Derivatives not designated as hedging instruments | Interest rate swaps | Annuity account            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross 122,710   45,169   102,537  
Predecessor | Derivatives not designated as hedging instruments | Embedded derivative - GMWB            
Notional amount and fair value of the entity's derivative financial instruments            
Notional Amount, Other long-term investments           2,804,629
Fair Value, Other long-term investments           66,843
Notional Amount, Other liabilities           7,038,228
Fair Value, Other liabilities           311,969
Predecessor | Derivatives not designated as hedging instruments | Embedded derivative - GMWB | Annuity account            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross (207,018)   (47,389)   (129,676)  
Predecessor | Derivatives not designated as hedging instruments | Embedded derivative - FIA            
Notional amount and fair value of the entity's derivative financial instruments            
Notional Amount, Other liabilities           749,933
Fair Value, Other liabilities           124,465
Predecessor | Derivatives not designated as hedging instruments | Embedded derivative - FIA | FIA            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross 1,769   (8,307)   (6,574)  
Predecessor | Derivatives not designated as hedging instruments | Embedded derivative - IUL            
Notional amount and fair value of the entity's derivative financial instruments            
Notional Amount, Other liabilities           12,019
Fair Value, Other liabilities           6,691
Predecessor | Derivatives not designated as hedging instruments | Embedded derivative - IUL | IUL            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross (486)   (285)   (285)  
Predecessor | Derivatives not designated as hedging instruments | Embedded derivative - Modco reinsurance treaties            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross (68,026)   (52,202)   (112,371)  
Notional Amount, Other long-term investments           25,760
Fair Value, Other long-term investments           1,051
Notional Amount, Other liabilities           2,562,848
Fair Value, Other liabilities           311,727
Predecessor | Derivatives not designated as hedging instruments | Interest rate futures            
Notional amount and fair value of the entity's derivative financial instruments            
Notional Amount, Other long-term investments           27,977
Fair Value, Other long-term investments           938
Predecessor | Derivatives not designated as hedging instruments | Other.            
Notional amount and fair value of the entity's derivative financial instruments            
Realized investment gains (losses) - derivatives, gross $ (37)   $ (141)   $ (202)  
Notional Amount, Other long-term investments           242
Fair Value, Other long-term investments           $ 360