MONY CLOSED BLOCK OF BUSINESS (Tables)

12 Months Ended

Dec. 31, 2015

Closed Block Disclosure [Abstract]

Summary of financial information for the Closed Block

Summarized financial information for the Closed Block as of December 31, 2015 (Successor Company) and December 31, 2014 (Predecessor Company) and is as follows:

	Successor Company			Predecessor Company
	As of December 31, 2015			As of December 31, 2014
	(Dollars In Thousands)			(Dollars In Thousands)
Closed block liabilities
Future policy benefits, policyholders' account balances and other policyholder liabilities	$	6,010,520		$	6,138,505
Policyholder dividend obligation	—			366,745
Other liabilities	22,917			53,838
Total closed block liabilities	6,033,437			6,559,088
Closed block assets
Fixed maturities, available-for-sale, at fair value	4,426,090			4,524,037
Equity securities, available-for-sale, at fair value	—			5,387
Mortgage loans on real estate	247,162			448,855
Policy loans	746,102			771,120
Cash and other invested assets	34,420			30,984
Other assets	166,445			221,270
Total closed block assets	5,620,219			6,001,653
Excess of reported closed block liabilities over closed block assets	413,218			557,435
Portion of above representing accumulated other comprehensive income:
Net unrealized investments gains (losses) net of policyholder dividend obligation of $(179,360) (Successor) and $106,886 (Predecessor)	(18,597		)	—
Future earnings to be recognized from closed block assets and closed block liabilities	$	394,621		$	557,435

Schedule of reconciliation of the policyholder dividend obligation

Reconciliation of the policyholder dividend obligation is as follows:

	Successor Company			Predecessor Company
	February 1, 2015 to December 31, 2015			January 1, 2015 to January 31, 2015			For The Year Ended December 31,
							2014
Policyholder dividend obligation, beginning balance	$	323,432		$	366,745		$	190,494
Applicable to net revenue (losses)	(47,493		)	(1,369		)	(910		)
Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation; includes deferred tax benefits of $(96,579) (Successor); $47,277 (2015 - Predecessor); $58,571 (2014 - Predecessor)	(275,939		)	135,077			177,161
Policyholder dividend obligation, ending balance	$	—		$	500,453		$	366,745

Schedule of Closed Block revenues and expenses

Closed Block revenues and expenses were as follows:

	Successor Company		Predecessor Company
	February 1, 2015 to December 31, 2015		January 1, 2015 to January 31, 2015		For The Year Ended December 31,
					2014
	(Dollars In Thousands)		(Dollars In Thousands)
Revenues
Premiums and other income	$	185,562	$	15,065	$	212,765
Net investment income	193,203		19,107		239,028
Net investment gains	3,333		568		10,528
Total revenues	382,098		34,740		462,321
Benefits and other deductions
Benefits and settlement expenses	336,629		31,152		417,667
Other operating expenses	1,001		—		674
Total benefits and other deductions	337,630		31,152		418,341
Net revenues before income taxes	44,468		3,588		43,980
Income tax expense	14,920		1,256		20,377
Net revenues	$	29,548	$	2,332	$	23,603