ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes the changes in the accumulated balances for each component of AOCI as of December 31, 2015 (Successor Company), January 31, 2015 (Predecessor Company), December 31, 2014 (Predecessor Company), and December 31, 2013 (Predecessor Company).

Changes in Accumulated Other Comprehensive Income (Loss) by Component



Successor Company	Unrealized Gains and Losses on Investments⁽²⁾			Accumulated Gain and Loss Derivatives			Total Accumulated Other Comprehensive Income (Loss)
	(Dollars In Thousands, Net of Tax)
Beginning Balance, February 1, 2015	$	—		$	—		$	—
Other comprehensive income (loss) before reclassifications	(1,263,367		)	(86		)	(1,263,453		)
Other comprehensive income (loss) relating to other-than-temporary impaired investments for which a portion has been recognized in earnings	(393		)	—			(393		)
Amounts reclassified from accumulated other comprehensive income (loss)⁽¹⁾	17,369			86			17,455
Net current-period other comprehensive income (loss)	(1,246,391		)	—			(1,246,391		)
Ending Balance, December 31, 2015	$	(1,246,391	)	$	—		$	(1,246,391	)


(1)	See Reclassification table below for details.


(2)	As of December 31, 2015 (Successor Company), net unrealized losses reported in AOCI were offset by $623.0 million due to the impact those net unrealized losses would have had on certain of the Company's insurance assets and liabilities if the net unrealized losses had been recognized in net income.

Changes in Accumulated Other Comprehensive Income (Loss) by Component



Predecessor Company	Unrealized Gains and Losses on Investments⁽²⁾			Accumulated Gain and Loss Derivatives			Total Accumulated Other Comprehensive Income (Loss)
	(Dollars In Thousands, Net of Tax)
Beginning Balance, December 31, 2014	$	1,483,293		$	(82	)	$	1,483,211
Other comprehensive income (loss) before reclassifications	482,143			9			482,152
Other comprehensive income (loss) relating to other-than-temporary impaired investments for which a portion has been recognized in earnings	(243		)	—			(243		)
Amounts reclassified from accumulated other comprehensive income (loss)⁽¹⁾	(4,166		)	23			(4,143		)
Net current-period other comprehensive income (loss)	477,734			32			477,766
Ending Balance January 31, 2015	$	1,961,027		$	(50	)	$	1,960,977


(1)	See Reclassification table below for details.


(2)	As of January 31, 2015 and December 31, 2014, net unrealized losses reported in AOCI were offset by $(492.6) million and $(504.4) million due to the impact those net unrealized losses would have had on certain of the Company's insurance assets and liabilities if the net unrealized losses had been recognized in net income.

Changes in Accumulated Other Comprehensive Income (Loss) by Component



	Unrealized Gains and Losses on Investments⁽²⁾			Accumulated Gain and Loss Derivatives			Total Accumulated Other Comprehensive Income (Loss)
	(Dollars In Thousands, Net of Tax)
Beginning Balance, December 31, 2013	$	540,201		$	(1,235	)	$	538,966
Other comprehensive income (loss) before reclassifications	983,985			(2		)	983,983
Other comprehensive income (loss) relating to other-than-temporary impaired investments for which a portion has been recognized in earnings	3,498			—			3,498
Amounts reclassified from accumulated other comprehensive income (loss)⁽¹⁾	(44,391		)	1,155			(43,236		)
Net current-period other comprehensive income (loss)	943,092			1,153			944,245
Ending Balance, December 31, 2014	$	1,483,293		$	(82	)	$	1,483,211


(1)	See Reclassification table below for details.


(2)	As of December 31, 2014 and 2013, net unrealized losses reported in AOCI were offset by $(504.4) million and $(189.8) million due to the impact those net unrealized losses would have had on certain of the Company's insurance assets and liabilities if the net unrealized losses had been recognized in net income.

Changes in Accumulated Other Comprehensive Income (Loss) by Component



	Unrealized Gains and Losses on Investments⁽²⁾			Accumulated Gain and Loss Derivatives			Total Accumulated Other Comprehensive Income (Loss)
	(Dollars In Thousands, Net of Tax)
Beginning Balance, December 31, 2012	$	1,814,620		$	(3,496	)	$	1,811,124
Other comprehensive income (loss) before reclassifications	(1,250,416		)	734			(1,249,682		)
Other comprehensive income (loss) relating to other-than-temporary impaired investments for which a portion has been recognized in earnings	4,591			—			4,591
Amounts reclassified from accumulated other comprehensive income (loss)⁽¹⁾	(28,594		)	1,527			(27,067		)
Net current-period other comprehensive income (loss)	(1,274,419		)	2,261			(1,272,158		)
Ending Balance, December 31, 2013	$	540,201		$	(1,235	)	$	538,966


(1)	See Reclassification table below for details.


(2)	As of December 31, 2012 and 2013, net unrealized losses reported in AOCI were offset by $(204.8) million and $(189.8) million due to the impact those net unrealized losses would have had on certain of the Company's insurance assets and liabilities if the net unrealized losses had been recognized in net income.

The following table summarizes the reclassifications amounts out of AOCI for the period of February 1, 2015 to December 31, 2015 (Successor Company), the period of January 1, 2015 to January 31, 2015 (Predecessor Company) and for the years ended December 31, 2014 and 2013 (Predecessor Company).

Reclassifications Out of Accumulated Other Comprehensive Income (Loss)



	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)			Affected Line Item in the Consolidated Statements of Income
	(Dollars In Thousands)
Successor Company
February 1, 2015 to December 31, 2015
Gains and losses on derivative instruments
Net settlement (expense)/benefit⁽¹⁾	$	(131	)	Benefits and settlement expenses, net of reinsurance ceded
	(131		)	Total before tax
	45			Tax (expense) or benefit
	$	(86	)	Net of tax
Unrealized gains and losses on available-for-sale securities
Net investment gains/losses	$	271		Realized investment gains (losses): All other investments
Impairments recognized in earnings	(26,992		)	Net impairment losses recognized in earnings
	(26,721		)	Total before tax
	9,352			Tax (expense) or benefit
	$	(17,369	)	Net of tax


(1)	See Note 23, Derivative Financial Instruments for additional information.

Reclassifications Out of Accumulated Other Comprehensive Income (Loss)



	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)			Affected Line Item in the Consolidated Statements of Income
	(Dollars In Thousands)
Predecessor Company
January 1, 2015 to January 31, 2015
Gains and losses on derivative instruments
Net settlement (expense)/benefit⁽¹⁾	$	(36	)	Benefits and settlement expenses, net of reinsurance ceded
	(36		)	Total before tax
	13			Tax (expense) or benefit
	$	(23	)	Net of tax
Unrealized gains and losses on available-for-sale securities
Net investment gains/losses	$	6,891		Realized investment gains (losses): All other investments
Impairments recognized in earnings	(481		)	Net impairment losses recognized in earnings
	6,410			Total before tax
	(2,244		)	Tax (expense) or benefit
	$	4,166		Net of tax


(1)	See Note 23, Derivative Financial Instruments for additional information.

Reclassifications Out of Accumulated Other Comprehensive Income (Loss)



	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)			Affected Line Item in the Consolidated Statements of Income
	(Dollars In Thousands)
Predecessor Company
For The Year Ended December 31, 2014
Gains and losses on derivative instruments
Net settlement (expense)/benefit⁽¹⁾	$	(1,777	)	Benefits and settlement expenses, net of reinsurance ceded
	(1,777		)	Total before tax
	622			Tax (expense) or benefit
	$	(1,155	)	Net of tax

Unrealized gains and losses on available-for-sale securities
Net investment gains/losses	$	75,569		Realized investment gains (losses): All other investments
Impairments recognized in earnings	(7,275		)	Net impairment losses recognized in earnings
	68,294			Total before tax
	(23,903		)	Tax (expense) or benefit
	$	44,391		Net of tax


(1)	See Note 23, Derivative Financial Instruments for additional information.

Reclassifications Out of Accumulated Other Comprehensive Income (Loss)



	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)			Affected Line Item in the Consolidated Statements of Income
	(Dollars In Thousands)
Predecessor Company
For The Year Ended December 31, 2013
Gains and losses on derivative instruments
Net settlement (expense)/benefit⁽¹⁾	$	(2,349	)	Benefits and settlement expenses, net of reinsurance ceded
	(2,349		)	Total before tax
	822			Tax (expense) or benefit
	$	(1,527	)	Net of tax
Unrealized gains and losses on available-for-sale securities
Net investment gains/losses	$	66,437		Realized investment gains (losses): All other investments
Impairments recognized in earnings	(22,447		)	Net impairment losses recognized in earnings
	43,990			Total before tax
	(15,396		)	Tax (expense) or benefit
	$	28,594		Net of tax


(1)	See Note 23, Derivative Financial Instruments for additional information.