OFFSETTING OF ASSETS AND LIABILITIES (Tables)

6 Months Ended

Jun. 30, 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 June 30, 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	$	577,370	$	—	$	577,370	$	66,347	$	336,163	$	174,860
Total derivatives, subject to a master netting arrangement or similar arrangement	577,370		—		577,370		66,347		336,163		174,860
Derivatives not subject to a master netting arrangement or similar arrangement
Embedded derivative - Modco reinsurance treaties	1,850		—		1,850		—		—		1,850
Embedded derivative - GMWB	23,770		—		23,770		—		—		23,770
Derivatives with PLC	37,300		—		37,300		—		—		37,300
Other	249		—		249		—		—		249
Total derivatives, not subject to a master netting arrangement or similar arrangement	63,169		—		63,169		—		—		63,169
Total derivatives	640,539		—		640,539		66,347		336,163		238,029
Total Assets	$	640,539	$	—	$	640,539	$	66,347	$	336,163	$	238,029

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	$	73,032	$	—	$	73,032	$	66,347	$	6,685	$	—
Total derivatives, subject to a master netting arrangement or similar arrangement	73,032		—		73,032		66,347		6,685		—
Derivatives, not subject to a master netting arrangement or similar arrangement
Embedded derivative - Modco reinsurance treaties	239,350		—		239,350		—		—		239,350
Funds withheld derivative	129,473		—		129,473		—		—		129,473
Embedded derivative - GMWB	174,988		—		174,988		—		—		174,988
Embedded derivative - FIA	119,997		—		119,997		—		—		119,997
Embedded derivative - IUL	46,711		—		46,711		—		—		46,711
Total derivatives, not subject to a master netting arrangement or similar arrangement	710,519		—		710,519		—		—		710,519
Total derivatives	783,551		—		783,551		66,347		6,685		710,519
Repurchase agreements(1)	160,000		—		160,000		—		—		160,000
Total Liabilities	$	943,551	$	—	$	943,551	$	66,347	$	6,685	$	870,519

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