DEFERRED POLICY ACQUISITION COSTS AND VALUE OF BUSINESS ACQUIRED (Tables)

9 Months Ended

Sep. 30, 2015

DEFERRED POLICY ACQUISITION COSTS AND VALUE OF BUSINESS ACQUIRED

Schedule of balances and changes in DAC

	Successor			Predecessor
	Company			Company
	February 1, 2015			January 1, 2015
	to			to			As of
	September 30, 2015			January 31, 2015			December 31, 2014
	(Dollars In Thousands)			(Dollars In Thousands)
Balance, beginning of period	$	—		$	2,647,980		$	2,721,687
Capitalization of commissions, sales, and issue expenses	213,353			22,513			288,592
Amortization	(14,689		)	1,117			(195,605		)
Change in unrealized investment gains and losses	6,560			(96,830		)	(166,694		)
Balance, end of period	$	205,224		$	2,574,780		$	2,647,980

Schedule of balances and changes in VOBA

	Successor			Predecessor
	Company			Company
	February 1, 2015			January 1, 2015
	to			to			As of
	September 30, 2015			January 31, 2015			December 31, 2014
	(Dollars In Thousands)			(Dollars In Thousands)
Balance, beginning of period	$	1,276,886		$	646,590		$	848,528
Amortization	(62,023		)	(5,189		)	(61,704		)
Change in unrealized investment gains and losses	52,301			(79,418		)	(140,234		)
Other	(6,046		)	—			—
Balance, end of period	$	1,261,118		$	561,983		$	646,590

Schedule of expected amortization of VOBA for the next five years

	Expected
Years	Amortization
	(Dollars In Thousands)
2015	$	39,882
2016	141,406
2017	129,471
2018	117,447
2019	99,473