INVESTMENT OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2015

Summary of net realized investment gains (losses) for all other investments

	Successor						Predecessor
	Company						Company
	For The Three			February 1, 2015						For The Three			For The Nine
	Months Ended			to			January 1, 2015			Months Ended			Months Ended
	September 30, 2015			September 30, 2015			to January 31, 2015			September 30, 2014			September 30, 2014
	(Dollars In Thousands)						(Dollars In Thousands)
Fixed maturities	$	(1,304	)	$	2,408		$	6,891		$	22,329		$	49,897
Equity securities	51			72			—			1,298			1,298
Impairments on fixed maturity securities	(10,064		)	(15,798		)	(481		)	(2,354		)	(5,405		)
Impairments on equity securities	—			—			—			—			—
Modco trading portfolio	8,377			(133,524		)	73,062			(17,225		)	110,067
Other investments	(1,776		)	(1,001		)	1,200			(5,208		)	(7,806		)

Total realized gains (losses) - investments	$	(4,716	)	$	(147,843	)	$	80,672		$	(1,160	)	$	148,051

Schedule of amortized cost and fair value of the Company's investments classified as available-for-sale

			Gross		Gross					Total OTTI
Successor Company	Amortized		Unrealized		Unrealized			Fair		Recognized
As of September 30, 2015	Cost		Gains		Losses			Value		in OCI(1)
	(Dollars In Thousands)

Fixed maturities:
Residential mortgage-backed securities	$	1,617,048	$	13,339	$	(14,565	)	$	1,615,822	$	—
Commercial mortgage-backed securities	1,294,633		2,000		(18,970		)	1,277,663		—
Other asset-backed securities	815,437		1,320		(23,743		)	793,014		—
U.S. government-related securities	1,631,826		1,189		(15,543		)	1,617,472		—
Other government-related securities	19,360		—		(476		)	18,884		—
States, municipals, and political subdivisions	1,732,549		759		(119,823		)	1,613,485		50
Corporate securities	27,965,401		29,981		(2,064,946		)	25,930,436		(4,842		)
Preferred stock	64,362		—		(2,250		)	62,112		—

	35,140,616		48,588		(2,260,316		)	32,928,888		(4,792		)
Equity securities	725,750		2,835		(10,761		)	717,824		—
Short-term investments	173,484		—		—			173,484		—

	$	36,039,850	$	51,423	$	(2,271,077	)	$	33,820,196	$	(4,792	)

Predecessor Company
As of December 31, 2014

Fixed maturities:
Residential mortgage-backed securities	$	1,374,206	$	56,330	$	(12,278	)	$	1,418,258	$	6,404
Commercial mortgage-backed securities	1,119,979		59,637		(2,364		)	1,177,252		—
Other asset-backed securities	857,441		17,885		(35,950		)	839,376		(95		)
U.S. government-related securities	1,394,028		44,149		(9,282		)	1,428,895		—
Other government-related securities	16,939		3,233		—			20,172		—
States, municipals, and political subdivisions	1,391,526		296,594		(431		)	1,687,689		—
Corporate securities	24,765,303		2,759,255		(139,031		)	27,385,527		—

	30,919,422		3,237,083		(199,336		)	33,957,169		6,309
Equity securities	757,259		38,669		(14,182		)	781,746		—
Short-term investments	155,500		—		—			155,500		—

	$	31,832,181	$	3,275,752	$	(213,518	)	$	34,894,415	$	6,309

(1)These amounts are included in the gross unrealized gains and gross unrealized losses columns above.

Schedule of amortized cost and fair value of the Company's investments classified as held-to-maturity

			Gross		Gross					Total OTTI
Successor Company	Amortized		Unrealized		Unrealized			Fair		Recognized
As of September 30, 2015	Cost		Gains		Losses			Value		in OCI
	(Dollars In Thousands)

Fixed maturities:
Other	$	579,329	$	—	$	(60,966	)	$	518,363	$	—

	$	579,329	$	—	$	(60,966	)	$	518,363	$	—

Predecessor Company
As of December 31, 2014

Fixed maturities:
Other	$	435,000	$	50,422	$	—	$	485,422	$	—

	$	435,000	$	50,422	$	—	$	485,422	$	—

Schedule of amortized cost and fair value of available-for-sale and held-to-maturity fixed maturities, by expected maturity

	Successor Company
	Available-for-sale				Held-to-maturity
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
	(Dollars In Thousands)				(Dollars In Thousands)
Due in one year or less	$	830,760	$	830,346	$	—	$	—
Due after one year through five years	5,914,198		5,870,182		—		—
Due after five years through ten years	7,709,254		7,521,517		—		—
Due after ten years	20,686,404		18,706,843		579,329		518,363

	$	35,140,616	$	32,928,888	$	579,329	$	518,363

Schedule of available-for-sale credit losses on fixed maturities held by the Company for which a portion of other-than-temporary impairments were recognized in other comprehensive income (loss)

	Successor						Predecessor
	Company						Company
	For The Three			February 1, 2015					For The Three			For The Nine
	Months Ended			to			January 1, 2015		Months Ended			Months Ended
	September 30, 2015			September 30, 2015			to January 31, 2015		September 30, 2014			September 30, 2014
	(Dollars In Thousands)						(Dollars In Thousands)
Beginning balance	$	4,472		$	—		$	15,478	$	17,985		$	41,692
Additions for newly impaired securities	—			4,472			—		—			—
Additions for previously impaired securities	9,479			9,479			221		626			1,653
Reductions for previously impaired securities due to a change in expected cash flows	—			—			—		(3,672		)	(28,406		)
Reductions for previously impaired securities that were sold in the current period	(687		)	(687		)	—		—			—

Ending balance	$	13,264		$	13,264		$	15,699	$	14,939		$	14,939

Schedule of investments' gross unrealized losses and fair value of the Company's investments that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position

	Less Than 12 Months					12 Months or More				Total
	Fair		Unrealized			Fair		Unrealized		Fair		Unrealized
	Value		Loss			Value		Loss		Value		Loss
	(Dollars In Thousands)
Residential mortgage-backed securities	$	884,032	$	(14,565	)	$	—	$	—	$	884,032	$	(14,565	)
Commercial mortgage-backed securities	1,104,282		(18,970		)	—		—		1,104,282		(18,970		)
Other asset-backed securities	704,678		(23,743		)	—		—		704,678		(23,743		)
U.S. government-related securities	1,359,161		(15,543		)	—		—		1,359,161		(15,543		)
Other government-related securities	18,884		(476		)	—		—		18,884		(476		)
States, municipalities, and political subdivisions	1,567,309		(119,823		)	—		—		1,567,309		(119,823		)
Corporate securities	23,924,900		(2,064,946		)	—		—		23,924,900		(2,064,946		)
Preferred stock	62,112		(2,250		)	—		—		62,112		(2,250		)
Equities	448,372		(10,761		)	—		—		448,372		(10,761		)

	$	30,073,730	$	(2,271,077	)	$	—	$	—	$	30,073,730	$	(2,271,077	)

The following table includes the gross unrealized losses and fair value of the Company’s investments that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of December 31, 2014 (Predecessor Company):

	Less Than 12 Months					12 Months or More					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Loss			Value		Loss			Value		Loss
	(Dollars In Thousands)
Residential mortgage-backed securities	$	166,271	$	(9,562	)	$	67,280	$	(2,716	)	$	233,551	$	(12,278	)
Commercial mortgage-backed securities	49,909		(334		)	102,529		(2,030		)	152,438		(2,364		)
Other asset-backed securities	108,666		(6,473		)	537,486		(29,477		)	646,152		(35,950		)
U.S. government-related securities	231,917		(3,868		)	280,803		(5,414		)	512,720		(9,282		)
Other government-related securities	—		—			—		—			—		—
States, municipalities, and political subdivisions	1,904		(134		)	10,482		(297		)	12,386		(431		)
Corporate securities	1,659,287		(76,341		)	776,864		(62,690		)	2,436,151		(139,031		)
Equities	17,430		(217		)	129,719		(13,965		)	147,149		(14,182		)

	$	2,235,384	$	(96,929	)	$	1,905,163	$	(116,589	)	$	4,140,547	$	(213,518	)

Summary of change in unrealized gains (losses), net of income tax, on fixed maturity and equity securities, classified as available-for-sale

	Successor						Predecessor
	Company						Company
	For The Three			February 1, 2015			January 1, 2015		For The Three			For The Nine
	Months Ended			to			to		Months Ended			Months Ended
	September 30, 2015			September 30, 2015			January 31, 2015		September 30, 2014			September 30, 2014
	(Dollars In Thousands)						(Dollars In Thousands)
Fixed maturities	$	(54,282	)	$	(1,437,623	)	$	670,229	$	(143,367	)	$	1,004,990
Equity securities	2,385			(5,152		)	10,226		(2,184		)	30,820

- Definition

Tabular disclosure of all investments in certain debt and equity securities for which the entity has the positive intent and ability to hold until maturity.

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