XML 20 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Successor    
Assets    
Fixed maturities, at fair value (amortized cost: 2015 Successor - $38,389,859; 2014 Predecessor - $33,716,848) $ 35,507,098  
Fixed maturities, at amortized cost (fair value: 2015 Successor - $515,000; 2014 Predecessor - $485,422) 593,314  
Equity securities, at fair value (cost: 2015 Successor - $693,147; 2014 Predecessor - $735,297) 699,925  
Mortgage loans (related to securitizations: 2015 Successor - $359,181; 2014 Predecessor - $455,250) 5,662,812  
Investment real estate, net of accumulated depreciation (2015 Successor - $133; 2014 Predecessor - $246) 11,118  
Policy loans 1,699,508  
Other long-term investments 594,036  
Short-term investments 263,837  
Total investments 45,031,648  
Cash 212,358  
Accrued investment income 472,694  
Accounts and premiums receivable 54,054  
Reinsurance receivables 5,307,556  
Deferred policy acquisition costs and value of business acquired 1,562,373  
Goodwill 732,443  
Other intangibles, net of accumulated depreciation (2015 Successor - $37,869) 645,131  
Property and equipment, net of accumulated depreciation (2015 Successor - $7,908; 2014 Predecessor - $116,688) 101,600  
Other assets 255,283  
Income tax receivable 0  
Assets related to separate accounts    
Variable annuity 12,829,188  
Variable universal life 827,610  
Total assets 68,031,938  
Liabilities    
Future policy benefits and claims 29,703,190  
Unearned premiums 651,205  
Total policy liabilities and accruals 30,354,395  
Stable value product account balances 2,131,822  
Annuity account balances 10,719,862  
Other policyholders’ funds 1,069,572  
Other liabilities 1,230,500  
Income tax payable 76,584  
Deferred income taxes 1,215,180  
Non-recourse funding obligations 1,951,563  
Repurchase program borrowings 438,185  
Liabilities related to separate accounts    
Variable annuity 12,829,188  
Variable universal life 827,610  
Total liabilities $ 62,844,461  
Commitments and contingencies - Note 13  
Shareowner's equity    
Preferred Stock; $1 par value, shares authorized: 2,000; Liquidation preference: $2,000 $ 2  
Common Stock; $1 par value, shares authorized and issued: 2015 and 2014 - 5,000,000 5,000  
Additional paid-in-capital 6,274,169  
Retained earnings 154,697  
Accumulated other comprehensive income (loss):    
Net unrealized gains (losses) on investments, net of income tax: (2015 Successor - $(670,922); 2014 Predecessor - $796,488) (1,245,998)  
Net unrealized (losses) gains relating to other-than-temporary impaired investments for which a portion has been recognized in earnings, net of income tax: (2015 Successor - $(212); 2014 Predecessor - $2,208) (393)  
Accumulated loss - derivatives, net of income tax: (2015 Successor - $0; 2014 Predecessor - $(45)) 0  
Total shareowner’s equity 5,187,477  
Total liabilities and shareowner’s equity $ 68,031,938  
Predecessor    
Assets    
Fixed maturities, at fair value (amortized cost: 2015 Successor - $38,389,859; 2014 Predecessor - $33,716,848)   $ 36,756,240
Fixed maturities, at amortized cost (fair value: 2015 Successor - $515,000; 2014 Predecessor - $485,422)   435,000
Equity securities, at fair value (cost: 2015 Successor - $693,147; 2014 Predecessor - $735,297)   756,790
Mortgage loans (related to securitizations: 2015 Successor - $359,181; 2014 Predecessor - $455,250)   5,133,780
Investment real estate, net of accumulated depreciation (2015 Successor - $133; 2014 Predecessor - $246)   5,918
Policy loans   1,758,237
Other long-term investments   491,282
Short-term investments   246,717
Total investments   45,583,964
Cash   268,286
Accrued investment income   474,095
Accounts and premiums receivable   81,137
Reinsurance receivables   5,907,662
Deferred policy acquisition costs and value of business acquired   3,155,046
Goodwill   77,577
Other intangibles, net of accumulated depreciation (2015 Successor - $37,869)   0
Property and equipment, net of accumulated depreciation (2015 Successor - $7,908; 2014 Predecessor - $116,688)   51,760
Other assets   398,574
Income tax receivable   1,648
Assets related to separate accounts    
Variable annuity   13,157,429
Variable universal life   834,940
Total assets   69,992,118
Liabilities    
Future policy benefits and claims   29,944,477
Unearned premiums   1,515,001
Total policy liabilities and accruals   31,459,478
Stable value product account balances   1,959,488
Annuity account balances   10,950,729
Other policyholders’ funds   1,430,325
Other liabilities   1,178,962
Income tax payable   0
Deferred income taxes   1,611,864
Non-recourse funding obligations   1,527,752
Repurchase program borrowings   50,000
Liabilities related to separate accounts    
Variable annuity   13,157,429
Variable universal life   834,940
Total liabilities   $ 64,160,967
Commitments and contingencies - Note 13  
Shareowner's equity    
Preferred Stock; $1 par value, shares authorized: 2,000; Liquidation preference: $2,000   $ 2
Common Stock; $1 par value, shares authorized and issued: 2015 and 2014 - 5,000,000   5,000
Additional paid-in-capital   1,437,787
Retained earnings   2,905,151
Accumulated other comprehensive income (loss):    
Net unrealized gains (losses) on investments, net of income tax: (2015 Successor - $(670,922); 2014 Predecessor - $796,488)   1,479,192
Net unrealized (losses) gains relating to other-than-temporary impaired investments for which a portion has been recognized in earnings, net of income tax: (2015 Successor - $(212); 2014 Predecessor - $2,208)   4,101
Accumulated loss - derivatives, net of income tax: (2015 Successor - $0; 2014 Predecessor - $(45))   (82)
Total shareowner’s equity   5,831,151
Total liabilities and shareowner’s equity   $ 69,992,118