Value of Business Acquired ("VOBA") and Deferred Acquisition Costs ("DAC")

3 Months Ended

Mar. 31, 2017

Business Combinations [Abstract]

Value of Business Acquired ("VOBA") and Deferred Acquisition Costs ("DAC")

Note 4.  Value of Business Acquired (“VOBA”) and Deferred Acquisition Costs (“DAC”)

VOBA

The change in the carrying amount of VOBA for the three months ended March 31, 2017 and 2016 was as follows:

	Three Months Ended
	March 31,
	2017			2016
Amortization expense	$	(2,227	)	$	(5,371	)
Unlocking		(137	)		(9	)
Adjustment related to realized (gains) losses on investments		(104	)		(59	)
Adjustment related to unrealized (gains) losses and OTTI on investments		(871	)		(5,098	)
Change in VOBA carrying amount	$	(3,339	)	$	(10,537	)

DAC

The change in the carrying amount of DAC for the three months ended March 31, 2017 and 2016 was as follows:

	Three Months Ended
	March 31,
	2017			2016
Capitalization	$	10		$	3
Accretion (amortization) expense		(967	)		(932	)
Unlocking		(166	)		(10	)
Change in DAC carrying amount	$	(1,123	)	$	(939	)

For a complete discussion of the Company’s accounting policies, refer to the 2016 Annual Report on Form 10-K.