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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
1 Months Ended 2 Months Ended 3 Months Ended
Jan. 31, 2015
Mar. 31, 2015
Mar. 31, 2016
Successor      
Revenues      
Premiums and policy fees   $ 506,386,000 $ 848,369,000
Reinsurance ceded   (146,813,000) (314,874,000)
Net of reinsurance ceded   359,573,000 533,495,000
Net investment income   272,211,000 448,229,000
Realized investment gains (losses):      
Derivative financial instruments   (4,948,000) 31,908,000
All other investments   (35,056,000) 81,709,000
Other-than-temporary impairment losses   0 (2,769,000)
Portion recognized in other comprehensive income (before taxes)   0 152,000
Net impairment losses recognized in earnings   0 (2,617,000)
Other income   49,181,000 67,178,000
Total revenues   640,961,000 1,159,902,000
Benefits and expenses      
Benefits and settlement expenses, net of reinsurance ceded: (2016 and 2015 Successor - $299,268 and $120,522); (2015 Predecessor - $96,141)   485,424,000 713,021,000
Amortization of deferred policy acquisition costs and value of business acquired   28,036,000 31,041,000
Other operating expenses, net of reinsurance ceded: (2016 and 2015 Successor - $49,226 and $23,746); (2015 Predecessor - $17,700)   102,965,000 180,861,000
Total benefits and expenses   616,425,000 924,923,000
Income before income tax   24,536,000 234,979,000
Income tax expense   8,116,000 76,362,000
Net income   $ 16,420,000 $ 158,617,000
Predecessor      
Revenues      
Premiums and policy fees $ 260,582,000    
Reinsurance ceded (91,632,000)    
Net of reinsurance ceded 168,950,000    
Net investment income 164,605,000    
Realized investment gains (losses):      
Derivative financial instruments 22,031,000    
All other investments 81,153,000    
Other-than-temporary impairment losses (636,000)    
Portion recognized in other comprehensive income (before taxes) 155,000    
Net impairment losses recognized in earnings (481,000)    
Other income 23,388,000    
Total revenues 459,646,000    
Benefits and expenses      
Benefits and settlement expenses, net of reinsurance ceded: (2016 and 2015 Successor - $299,268 and $120,522); (2015 Predecessor - $96,141) 266,575,000    
Amortization of deferred policy acquisition costs and value of business acquired 4,817,000    
Other operating expenses, net of reinsurance ceded: (2016 and 2015 Successor - $49,226 and $23,746); (2015 Predecessor - $17,700) 55,407,000    
Total benefits and expenses 326,799,000    
Income before income tax 132,847,000    
Income tax expense 44,325,000    
Net income $ 88,522,000