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FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 2)
9 Months Ended 12 Months Ended
Sep. 30, 2015
USD ($)
item
item / security
Dec. 31, 2014
USD ($)
Determination of fair values    
Number of primary sources of information used for determining fair value | item 1  
Total number of primary sources of information available for determining fair value | item 3  
Minimum percentage of the Company's fixed maturity securities priced by third party pricing services 90.00%  
Number of independent non-binding broker quotes obtained per security | item / security 1  
Percentage of derivatives excluding embedded derivatives that were priced using exchange prices or independent broker quotations 100.00%  
Liabilities:    
Fair value $ 633,336,000  
Annuity account balances    
Financial instruments with book value approximating fair value $ 66,700,000  
Annuity account    
Annuity account balances    
Discount rate curve, base rate LIBOR  
Equity indexed annuities, discount rate for one month (as a percent) 0.40%  
Equity indexed annuities, discount rate for five years (as a percent) 2.19%  
Equity indexed annuities, discount rate for thirty years (as a percent) 3.69%  
Level 3    
Annuity account balances    
Financial instruments that are valued using broker quotes $ 202,800,000  
Level 3 | Annuity account    
Liabilities:    
Fair value 95,198,000  
Level 3 | Annuity account | Actuarial cash flow model    
Unobservable input    
Expenses per Policy $ 81  
Withdrawal rate (as a percent) 2.20%  
Level 3 | Annuity account | Actuarial cash flow model | Minimum    
Unobservable input    
Lapse (as a percent) 2.20%  
Nonperformance risk (as a percent) 0.21%  
Asset earned rate (as a percent) 4.53%  
Return on assets (as a percent) 1.50%  
Level 3 | Annuity account | Actuarial cash flow model | Maximum    
Unobservable input    
Lapse (as a percent) 33.00%  
Nonperformance risk (as a percent) 1.17%  
Asset earned rate (as a percent) 5.67%  
Return on assets (as a percent) 1.85%  
Asset-Backed Securities | Level 2    
Determination of fair values    
Fair Value $ 3,700,000,000  
Asset-Backed Securities | Level 3    
Determination of fair values    
Fair Value 740,900,000  
Other asset-backed securities | Level 3    
Determination of fair values    
Fair Value $ 585,751,000  
Percentage of underlying collateral of student-loan backed auction rate securities guaranteed by the Federal Family Education Loan Program ("FFELP"), minimum 97.00%  
Annuity account balances    
Financial instruments that are valued using broker quotes $ 155,100,000  
Other asset-backed securities | Level 3 | Discounted cash flow | Minimum    
Unobservable input    
Liquidity premium (as a percent) 0.43%  
Paydown rate (as a percent) 9.85%  
Other asset-backed securities | Level 3 | Discounted cash flow | Maximum    
Unobservable input    
Liquidity premium (as a percent) 1.49%  
Paydown rate (as a percent) 15.41%  
Other asset-backed securities | Level 3 | Discounted cash flow | Weighted average    
Unobservable input    
Liquidity premium (as a percent) 0.70%  
Paydown rate (as a percent) 13.17%  
Other asset-backed securities | Level 3 | Available-for-sale securities.    
Determination of fair values    
Fair Value $ 585,800,000  
Other asset-backed securities | Level 3 | Trading securities.    
Determination of fair values    
Fair Value 155,100,000  
Corporate Bonds, U.S. Government-Related Securities, and Other Government Related Securities | Level 2    
Determination of fair values    
Fair Value 28,800,000,000  
Corporate Bonds, U.S. Government-Related Securities, and Other Government Related Securities | Level 3    
Determination of fair values    
Fair Value $ 1,100,000,000  
Embedded derivative - GMWB    
Annuity account balances    
Discount rate curve, base rate LIBOR  
Embedded derivative - GMWB | Minimum    
Unobservable input    
Mortality (as a percent) 44.50%  
Embedded derivative - GMWB | Maximum    
Unobservable input    
Mortality (as a percent) 100.00%  
Embedded derivative - GMWB | Level 3    
Liabilities:    
Fair value $ 193,709,000  
Embedded derivative - GMWB | Level 3 | Actuarial cash flow model    
Unobservable input    
Utilization (as a percent) 99.00%  
Policies that have a one-time over-utilization rate of a specified amount (as a percent) 10.00%  
Specified level of one-time over-utilization (as a percent) 400.00%  
Embedded derivative - GMWB | Level 3 | Actuarial cash flow model | Minimum    
Unobservable input    
Lapse (as a percent) 0.30%  
Nonperformance risk (as a percent) 0.21%  
Embedded derivative - GMWB | Level 3 | Actuarial cash flow model | Maximum    
Unobservable input    
Lapse (as a percent) 15.00%  
Nonperformance risk (as a percent) 1.17%  
Equity securities | Level 3    
Annuity account balances    
Financial instruments that are valued using broker quotes $ 3,100,000  
Equity securities | Level 2 and Level 3    
Determination of fair values    
Fair Value 81,600,000  
Federal Home Loan Bank Stock 65,700,000  
Corporate securities | Level 3    
Determination of fair values    
Fair Value 1,022,464,000  
Annuity account balances    
Financial instruments that are valued using broker quotes $ 44,600,000  
Corporate securities | Level 3 | Discounted cash flow | Minimum    
Unobservable input    
Spread over treasury (as a percent) 0.74%  
Corporate securities | Level 3 | Discounted cash flow | Maximum    
Unobservable input    
Spread over treasury (as a percent) 12.18%  
Corporate securities | Level 3 | Discounted cash flow | Weighted average    
Unobservable input    
Spread over treasury (as a percent) 2.45%  
Embedded derivative - FIA    
Annuity account balances    
Discount rate curve, base rate LIBOR  
Embedded derivative - FIA | Minimum    
Unobservable input    
Mortality (as a percent) 49.00%  
Embedded derivative - FIA | Maximum    
Unobservable input    
Mortality (as a percent) 80.00%  
Embedded derivative - FIA | Level 3    
Liabilities:    
Fair value $ 76,709,000  
Embedded derivative - FIA | Level 3 | Actuarial cash flow model    
Unobservable input    
Expenses per Policy $ 81.50  
Embedded derivative - FIA | Level 3 | Actuarial cash flow model | Minimum    
Unobservable input    
Lapse (as a percent) 2.50%  
Nonperformance risk (as a percent) 0.21%  
Withdrawal rate (as a percent) 1.10%  
Embedded derivative - FIA | Level 3 | Actuarial cash flow model | Maximum    
Unobservable input    
Lapse (as a percent) 40.00%  
Nonperformance risk (as a percent) 1.17%  
Withdrawal rate (as a percent) 4.50%  
Embedded derivative - IUL    
Annuity account balances    
Discount rate curve, base rate LIBOR  
Embedded derivative - IUL | Minimum    
Unobservable input    
Mortality (as a percent) 38.00%  
Embedded derivative - IUL | Maximum    
Unobservable input    
Mortality (as a percent) 153.00%  
Embedded derivative - IUL | Level 3    
Liabilities:    
Fair value $ 21,711,000  
Embedded derivative - IUL | Level 3 | Actuarial cash flow model | Minimum    
Unobservable input    
Mortality (as a percent) 38.00%  
Lapse (as a percent) 0.50%  
Nonperformance risk (as a percent) 0.21%  
Embedded derivative - IUL | Level 3 | Actuarial cash flow model | Maximum    
Unobservable input    
Mortality (as a percent) 153.00%  
Lapse (as a percent) 10.00%  
Nonperformance risk (as a percent) 1.17%  
Embedded derivative - Modified coinsurance agreements    
Liabilities:    
Statutory policy liabilities (net of policy loans) $ 2,500,000,000  
Embedded derivative - Modified coinsurance agreements | Trading securities.    
Determination of fair values    
Fair Value $ 227,900,000  
Predecessor    
Liabilities:    
Fair value   $ 820,739,000
Annuity account balances    
Financial instruments with book value approximating fair value   73,700,000
Predecessor | Level 3    
Annuity account balances    
Financial instruments that are valued using broker quotes   240,300,000
Predecessor | Level 3 | Annuity account    
Liabilities:    
Fair value   $ 97,825,000
Predecessor | Level 3 | Annuity account | Actuarial cash flow model    
Unobservable input    
Withdrawal rate (as a percent)   2.20%
Predecessor | Level 3 | Annuity account | Actuarial cash flow model | Minimum    
Unobservable input    
Mortality (as a percent)   49.00%
Lapse (as a percent)   2.20%
Nonperformance risk (as a percent)   0.12%
Asset earned rate (as a percent)   3.86%
Expenses per Policy   $ 88
Return on assets (as a percent)   1.50%
Predecessor | Level 3 | Annuity account | Actuarial cash flow model | Maximum    
Unobservable input    
Mortality (as a percent)   80.00%
Lapse (as a percent)   33.00%
Nonperformance risk (as a percent)   0.96%
Asset earned rate (as a percent)   5.92%
Expenses per Policy   $ 102
Return on assets (as a percent)   1.85%
Predecessor | Other asset-backed securities    
Determination of fair values    
Percentage of underlying collateral of student-loan backed auction rate securities guaranteed by the Federal Family Education Loan Program ("FFELP"), minimum   97.00%
Predecessor | Other asset-backed securities | Level 3    
Determination of fair values    
Fair Value   $ 563,752,000
Annuity account balances    
Financial instruments that are valued using broker quotes   $ 169,700,000
Predecessor | Other asset-backed securities | Level 3 | Discounted cash flow | Minimum    
Unobservable input    
Liquidity premium (as a percent)   0.39%
Paydown rate (as a percent)   9.70%
Predecessor | Other asset-backed securities | Level 3 | Discounted cash flow | Maximum    
Unobservable input    
Liquidity premium (as a percent)   1.49%
Paydown rate (as a percent)   15.80%
Predecessor | Other asset-backed securities | Level 3 | Discounted cash flow | Weighted average    
Unobservable input    
Liquidity premium (as a percent)   0.69%
Paydown rate (as a percent)   12.08%
Predecessor | Embedded derivative - GMWB | Level 3    
Liabilities:    
Fair value   $ 245,090,000
Predecessor | Embedded derivative - GMWB | Level 3 | Actuarial cash flow model | Minimum    
Unobservable input    
Mortality (as a percent)   44.50%
Lapse (as a percent)   0.25%
Utilization (as a percent)   97.00%
Nonperformance risk (as a percent)   0.12%
Predecessor | Embedded derivative - GMWB | Level 3 | Actuarial cash flow model | Maximum    
Unobservable input    
Mortality (as a percent)   100.00%
Lapse (as a percent)   17.00%
Utilization (as a percent)   101.00%
Nonperformance risk (as a percent)   0.96%
Predecessor | Equity securities    
Annuity account balances    
Financial instruments with book value approximating fair value   $ 70,000,000
Predecessor | Equity securities | Level 3    
Annuity account balances    
Financial instruments that are valued using broker quotes   3,000,000
Predecessor | Corporate securities | Level 3    
Determination of fair values    
Fair Value   1,282,864,000
Annuity account balances    
Financial instruments that are valued using broker quotes   $ 67,600,000
Predecessor | Corporate securities | Level 3 | Discounted cash flow | Minimum    
Unobservable input    
Spread over treasury (as a percent)   0.33%
Predecessor | Corporate securities | Level 3 | Discounted cash flow | Maximum    
Unobservable input    
Spread over treasury (as a percent)   7.50%
Predecessor | Corporate securities | Level 3 | Discounted cash flow | Weighted average    
Unobservable input    
Spread over treasury (as a percent)   2.19%
Predecessor | Fixed income securities    
Annuity account balances    
Financial instruments with book value approximating fair value   $ 3,700,000
Predecessor | Embedded derivative - FIA | Level 3    
Liabilities:    
Fair value   $ 124,465,000
Predecessor | Embedded derivative - FIA | Level 3 | Actuarial cash flow model | Minimum    
Unobservable input    
Mortality (as a percent)   49.00%
Lapse (as a percent)   2.50%
Nonperformance risk (as a percent)   0.12%
Expenses per Policy   $ 83
Withdrawal rate (as a percent)   1.10%
Predecessor | Embedded derivative - FIA | Level 3 | Actuarial cash flow model | Maximum    
Unobservable input    
Mortality (as a percent)   80.00%
Lapse (as a percent)   40.00%
Nonperformance risk (as a percent)   0.96%
Expenses per Policy   $ 97
Withdrawal rate (as a percent)   4.50%
Predecessor | Embedded derivative - IUL | Level 3    
Liabilities:    
Fair value   $ 6,691,000
Predecessor | Embedded derivative - IUL | Level 3 | Actuarial cash flow model | Minimum    
Unobservable input    
Mortality (as a percent)   37.00%
Lapse (as a percent)   0.50%
Nonperformance risk (as a percent)   0.12%
Predecessor | Embedded derivative - IUL | Level 3 | Actuarial cash flow model | Maximum    
Unobservable input    
Mortality (as a percent)   74.00%
Lapse (as a percent)   10.00%
Nonperformance risk (as a percent)   0.96%