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FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 2)
$ in Thousands
3 Months Ended
Mar. 31, 2016
USD ($)
quote
primary_source
Dec. 31, 2015
USD ($)
Determination of fair values    
Number of primary sources of information used for determining fair value | primary_source 1  
Total number of primary sources of information available for determining fair value | primary_source 3  
Minimum percentage of the Company's fixed maturity securities priced by third party pricing services 90.00%  
Number of independent non-binding broker quotes obtained per security | quote 1  
Golden Gate II    
Determination of fair values    
Amount of collateralized support agreement obligations by PLC $ 1,500  
Embedded derivative - GMWB    
Determination of fair values    
Discount rate curve, base rate LIBOR  
Embedded derivative - GMWB | Level 3 | Minimum    
Determination of fair values    
Mortality (as a percent) 44.50%  
Embedded derivative - GMWB | Level 3 | Maximum    
Determination of fair values    
Mortality (as a percent) 100.00%  
Embedded derivative - FIA    
Determination of fair values    
Discount rate curve, base rate LIBOR  
Embedded derivative - FIA | Level 3 | Minimum    
Determination of fair values    
Mortality (as a percent) 49.00%  
Embedded derivative - FIA | Level 3 | Maximum    
Determination of fair values    
Mortality (as a percent) 80.00%  
Embedded derivative - IUL    
Determination of fair values    
Discount rate curve, base rate LIBOR  
Embedded derivative - IUL | Level 3 | Minimum    
Determination of fair values    
Mortality (as a percent) 38.00%  
Embedded derivative - IUL | Level 3 | Maximum    
Determination of fair values    
Mortality (as a percent) 153.00%  
Successor    
Determination of fair values    
Percentage of derivatives excluding embedded derivatives that were priced using exchange prices or independent broker quotations 72.60%  
Fair Value, Other long-term investments $ 448,380 $ 323,570
Successor | Interest support, YRT premium support and portfolio maintenance agreement    
Determination of fair values    
Fair Value, Other long-term investments 23,600  
Successor | Golden Gate II | Interest Support Agreement    
Determination of fair values    
Fair Value, Other long-term investments 15,700  
Amount of collateralized support agreement obligations by PLC 1,500  
Payments made under agreement 0  
Successor | Golden Gate II | YRT premium support agreement    
Determination of fair values    
Fair Value, Other long-term investments 4,000  
Payments made under agreement 0  
Successor | Golden Gate V and West Coast Life | Portfolio maintenance agreements    
Determination of fair values    
Fair Value, Other long-term investments 3,900  
Payments made under agreement 0  
Successor | Asset-Backed Securities | Level 3    
Determination of fair values    
Fair Value 688,500  
Successor | Asset-Backed Securities | Level 2    
Determination of fair values    
Fair Value $ 4,300,000  
Successor | Other asset-backed securities    
Determination of fair values    
Underlying Collateral, Percentage guaranteed by the Federal Family Education Loan Program 97.00%  
Successor | Other asset-backed securities | Level 3    
Determination of fair values    
Underlying Collateral, Percentage guaranteed by the Federal Family Education Loan Program 97.00%  
Successor | Other asset-backed securities | Level 3 | Available-for-sale securities    
Determination of fair values    
Fair Value $ 537,800  
Successor | Other asset-backed securities | Level 3 | Trading Securities    
Determination of fair values    
Fair Value 150,700  
Successor | Corporate Bonds, U.S. Government-Related Securities, States, Municipals, and Political Subdivisions, and Other Government Related Securities | Level 3    
Determination of fair values    
Fair Value 839,400  
Successor | Corporate Bonds, U.S. Government-Related Securities, States, Municipals, and Political Subdivisions, and Other Government Related Securities | Level 2    
Determination of fair values    
Fair Value 29,900,000  
Successor | Equity securities    
Determination of fair values    
Fair Value 66,500  
Federal Home Loan Bank stock 65,700  
Successor | Embedded derivative - Modified coinsurance agreements    
Determination of fair values    
Statutory policy liabilities (net of policy loans) 2,500,000  
Successor | Embedded derivative - Modified coinsurance agreements | Trading Securities    
Determination of fair values    
Fair Value 235,400  
Successor | Funds withheld derivative | Level 2    
Determination of fair values    
Fair Value, Other Liabilities $ 106,600  
Annuity account | Successor    
Annuity account balances    
Fixed indexed annuities, discount rate for one month (as a percent) 0.89%  
Fixed indexed annuities, discount rate for five years (as a percent) 2.03%  
Fixed indexed annuities, discount rate for thirty years (as a percent) 3.36%