OFFSETTING OF ASSETS AND LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2016

Offsetting [Abstract]

Schedule of Derivative Instruments by Assets

The tables below present the derivative instruments by assets and liabilities for the Company as of December 31, 2015 (Successor Company).

					Net Amounts
	Gross		Gross Amounts Offset in the		of Assets Presented in the		Gross Amounts Not Offset in the Statement of Financial Position
	Amounts of Recognized Assets		Statement of Financial Position		Statement of Financial Position		Financial Instruments		Cash Collateral Received		Net Amount
	(Dollars In Thousands)
Offsetting of Derivative Assets
Derivatives:
Free-Standing derivatives	$	254,840	$	—	$	254,840	$	42,382	$	105,842	$	106,616
Total derivatives, subject to a master netting arrangement or similar arrangement	254,840		—		254,840		42,382		105,842		106,616
Derivatives not subject to a master netting arrangement or similar arrangement
Embedded derivative - Modco reinsurance treaties	1,215		—		1,215		—		—		1,215
Embedded derivative - GMWB	49,007		—		49,007		—		—		49,007
Derivatives with PLC	18,161		—		18,161		—		—		18,161
Other	347		—		347		—		—		347
Total derivatives, not subject to a master netting arrangement or similar arrangement	68,730		—		68,730		—		—		68,730
Total derivatives	323,570		—		323,570		42,382		105,842		175,346
Total Assets	$	323,570	$	—	$	323,570	$	42,382	$	105,842	$	175,346

The tables below present the derivative instruments by assets and liabilities for the Company as of March 31, 2016 (Successor Company).

					Net Amounts
	Gross		Gross Amounts Offset in the		of Assets Presented in the		Gross Amounts Not Offset in the Statement of Financial Position
	Amounts of Recognized Assets		Statement of Financial Position		Statement of Financial Position		Financial Instruments		Cash Collateral Received		Net Amount
	(Dollars In Thousands)
Offsetting of Derivative Assets
Derivatives:
Free-Standing derivatives	$	391,027	$	—	$	391,027	$	37,967	$	199,143	$	153,917
Total derivatives, subject to a master netting arrangement or similar arrangement	391,027		—		391,027		37,967		199,143		153,917
Derivatives not subject to a master netting arrangement or similar arrangement
Embedded derivative - Modco reinsurance treaties	282		—		282		—		—		282
Embedded derivative - GMWB	33,146		—		33,146		—		—		33,146
Derivatives with PLC	23,620		—		23,620		—		—		23,620
Other	305		—		305		—		—		305
Total derivatives, not subject to a master netting arrangement or similar arrangement	57,353		—		57,353		—		—		57,353
Total derivatives	448,380		—		448,380		37,967		199,143		211,270
Total Assets	$	448,380	$	—	$	448,380	$	37,967	$	199,143	$	211,270

Schedule of Derivative Instruments by Liabilities

					Net Amounts
	Gross		Gross Amounts Offset in the		of Liabilities Presented in the		Gross Amounts Not Offset in the Statement of Financial Position
	Amounts of Recognized Liabilities		Statement of Financial Position		Statement of Financial Position		Financial Instruments		Cash Collateral Paid		Net Amount
	(Dollars In Thousands)
Offsetting of Derivative Liabilities
Derivatives:
Free-Standing derivatives	$	43,999	$	—	$	43,999	$	42,382	$	1,617	$	—
Total derivatives, subject to a master netting arrangement or similar arrangement	43,999		—		43,999		42,382		1,617		—
Derivatives not subject to a master netting arrangement or similar arrangement
Embedded derivative - Modco reinsurance treaties	178,362		—		178,362		—		—		178,362
Funds withheld derivative	102,378		—		102,378		—		—		102,378
Embedded derivative - GMWB	67,528		—		67,528		—		—		67,528
Embedded derivative - FIA	100,329		—		100,329		—		—		100,329
Embedded derivative - IUL	29,629		—		29,629		—		—		29,629
Total derivatives, not subject to a master netting arrangement or similar arrangement	478,226		—		478,226		—		—		478,226
Total derivatives	522,225		—		522,225		42,382		1,617		478,226
Repurchase agreements(1)	438,185		—		438,185		—		—		438,185
Total Liabilities	$	960,410	$	—	$	960,410	$	42,382	$	1,617	$	916,411

(1) Borrowings under repurchase agreements are for a term less than 90 days.

					Net Amounts
	Gross		Gross Amounts Offset in the		of Liabilities Presented in the		Gross Amounts Not Offset in the Statement of Financial Position
	Amounts of Recognized Liabilities		Statement of Financial Position		Statement of Financial Position		Financial Instruments		Cash Collateral Paid		Net Amount
	(Dollars In Thousands)
Offsetting of Derivative Liabilities
Derivatives:
Free-Standing derivatives	$	56,648	$	—	$	56,648	$	37,967	$	18,681	$	—
Total derivatives, subject to a master netting arrangement or similar arrangement	56,648		—		56,648		37,967		18,681		—
Derivatives, not subject to a master netting arrangement or similar arrangement
Embedded derivative - Modco reinsurance treaties	226,344		—		226,344		—		—		226,344
Funds withheld derivative	106,558		—		106,558		—		—		106,558
Embedded derivative - GMWB	118,345		—		118,345		—		—		118,345
Embedded derivative - FIA	113,552		—		113,552		—		—		113,552
Embedded derivative - IUL	37,997		—		37,997		—		—		37,997
Total derivatives, not subject to a master netting arrangement or similar arrangement	602,796		—		602,796		—		—		602,796
Total derivatives	659,444		—		659,444		37,967		18,681		602,796
Repurchase agreements(1)	660,000		—		660,000		—		—		660,000
Total Liabilities	$	1,319,444	$	—	$	1,319,444	$	37,967	$	18,681	$	1,262,796

(1) Borrowings under repurchase agreements are for a term less than 90 days.