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FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 4) - USD ($)
1 Months Ended 3 Months Ended 5 Months Ended 6 Months Ended
Jan. 31, 2015
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2015
Jun. 30, 2016
Successor          
Transfers          
Securities transferred into Level 3   $ 27,200,000 $ 0 $ 0 $ 71,300,000
Securities transferred into Level 2 from Level 3   44,000,000 21,800,000 41,900,000 150,100,000
Securities transferred from Level 2 to Level 1   0 0 90,400,000 12,200,000
Securities transferred out of Level 1   0 0 0 100,000
Predecessor          
Transfers          
Securities transferred into Level 3 $ 43,200,000        
Securities transferred into Level 2 from Level 3 0        
Securities transferred from Level 2 to Level 1 0        
Securities transferred out of Level 1 0        
Level 3 | Successor          
Assets:          
Beginning Balance   1,651,483,000 2,219,304,000 2,240,077,000 1,795,178,000
Total Realized and Unrealized Gains Included in Earnings   19,046,000 29,367,000 48,446,000 30,658,000
Total Realized and Unrealized Gains Included in Other Comprehensive Income   16,958,000 4,166,000 15,784,000 31,880,000
Total Realized and Unrealized Losses Included in Earnings   (10,411,000) (9,870,000) (9,964,000) (32,721,000)
Total Realized and Unrealized Losses Included in Other Comprehensive Income   (9,044,000) (33,570,000) (37,138,000) (28,388,000)
Purchases   30,085,000 89,929,000 111,929,000 47,514,000
Sales   (65,360,000) (225,095,000) (272,428,000) (146,597,000)
Transfers in and/or out of Level 3   (16,773,000) (21,803,000) (41,853,000) (78,802,000)
Other   (1,700,000) (3,220,000) (5,645,000) (4,438,000)
Ending Balance 2,240,077,000 1,614,284,000 2,049,208,000 2,049,208,000 1,614,284,000
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date   7,711,000 16,617,000 29,310,000 (5,547,000)
Liabilities:          
Beginning Balance   586,361,000 574,837,000 628,397,000 468,360,000
Total Realized and Unrealized Gains Included in Earnings   15,217,000 147,963,000 212,854,000 15,585,000
Total Realized and Unrealized Losses Included in Earnings   (100,555,000) (14,090,000) (27,225,000) (221,879,000)
Issuances   63,000 72,000 86,000 250,000
Settlements   1,896,000 2,913,000 4,731,000 5,038,000
Ending Balance 628,397,000 669,866,000 438,123,000 438,123,000 669,866,000
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date   (84,808,000) 134,784,000 187,173,000 (205,198,000)
Level 3 | Successor | Annuity account          
Liabilities:          
Beginning Balance   90,123,000 97,108,000 98,279,000 92,512,000
Total Realized and Unrealized Losses Included in Earnings   (530,000) (911,000) (1,544,000) (1,096,000)
Issuances   63,000 72,000 86,000 250,000
Settlements   1,896,000 2,913,000 4,731,000 5,038,000
Ending Balance 98,279,000 88,820,000 95,178,000 95,178,000 88,820,000
Level 3 | Successor | Other liabilities          
Liabilities:          
Beginning Balance   496,238,000 477,729,000 530,118,000 375,848,000
Total Realized and Unrealized Gains Included in Earnings   15,217,000 147,963,000 212,854,000 15,585,000
Total Realized and Unrealized Losses Included in Earnings   (100,025,000) (13,179,000) (25,681,000) (220,783,000)
Ending Balance 530,118,000 581,046,000 342,945,000 342,945,000 581,046,000
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date   (84,808,000) 134,784,000 187,173,000 (205,198,000)
Level 3 | Successor | Total investments          
Assets:          
Beginning Balance   1,651,483,000 2,219,304,000 2,240,077,000 1,795,178,000
Total Realized and Unrealized Gains Included in Earnings   19,046,000 29,367,000 48,446,000 30,658,000
Total Realized and Unrealized Gains Included in Other Comprehensive Income   16,958,000 4,166,000 15,784,000 31,880,000
Total Realized and Unrealized Losses Included in Earnings   (10,411,000) (9,870,000) (9,964,000) (32,721,000)
Total Realized and Unrealized Losses Included in Other Comprehensive Income   (9,044,000) (33,570,000) (37,138,000) (28,388,000)
Purchases   30,085,000 89,929,000 111,929,000 47,514,000
Sales   (65,360,000) (225,095,000) (272,428,000) (146,597,000)
Transfers in and/or out of Level 3   (16,773,000) (21,803,000) (41,853,000) (78,802,000)
Other   (1,700,000) (3,220,000) (5,645,000) (4,438,000)
Ending Balance 2,240,077,000 1,614,284,000 2,049,208,000 2,049,208,000 1,614,284,000
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date   7,711,000 16,617,000 29,310,000 (5,547,000)
Level 3 | Successor | Fixed maturities          
Assets:          
Beginning Balance   1,527,931,000 2,073,391,000 2,109,186,000 1,660,290,000
Total Realized and Unrealized Gains Included in Earnings   2,771,000 4,385,000 8,414,000 10,166,000
Total Realized and Unrealized Gains Included in Other Comprehensive Income   16,958,000 4,166,000 15,784,000 31,880,000
Total Realized and Unrealized Losses Included in Earnings   (8,000) (6,185,000) (6,251,000) (5,336,000)
Total Realized and Unrealized Losses Included in Other Comprehensive Income   (9,044,000) (33,570,000) (37,138,000) (28,388,000)
Purchases   30,063,000 89,929,000 111,929,000 46,063,000
Sales   (65,360,000) (224,864,000) (272,197,000) (146,597,000)
Transfers in and/or out of Level 3   (16,773,000) (21,803,000) (41,853,000) (78,802,000)
Other   (1,700,000) (3,220,000) (5,645,000) (4,438,000)
Ending Balance 2,109,186,000 1,484,838,000 1,882,229,000 1,882,229,000 1,484,838,000
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date   1,839,000 (4,680,000) (7,009,000) 1,346,000
Level 3 | Successor | Fixed maturities | Available-for-sale securities          
Assets:          
Beginning Balance   1,371,571,000 1,883,277,000 1,914,583,000 1,489,153,000
Total Realized and Unrealized Gains Included in Earnings   925,000 3,656,000 4,291,000 7,784,000
Total Realized and Unrealized Gains Included in Other Comprehensive Income   16,958,000 4,166,000 15,784,000 31,880,000
Total Realized and Unrealized Losses Included in Earnings     (779,000) (779,000) (4,135,000)
Total Realized and Unrealized Losses Included in Other Comprehensive Income   (9,044,000) (33,570,000) (37,138,000) (28,388,000)
Purchases   19,155,000 89,929,000 111,929,000 35,155,000
Sales   (64,752,000) (219,235,000) (258,737,000) (140,314,000)
Transfers in and/or out of Level 3   (16,773,000) (21,803,000) (41,853,000) (70,495,000)
Other   (1,753,000) (3,322,000) (5,761,000) (4,353,000)
Ending Balance 1,914,583,000 1,316,287,000 1,702,319,000 1,702,319,000 1,316,287,000
Level 3 | Successor | Fixed maturities | Trading Securities          
Assets:          
Beginning Balance   156,360,000 190,114,000 194,603,000 171,137,000
Total Realized and Unrealized Gains Included in Earnings   1,846,000 729,000 4,123,000 2,382,000
Total Realized and Unrealized Losses Included in Earnings   (8,000) (5,406,000) (5,472,000) (1,201,000)
Purchases   10,908,000     10,908,000
Sales   (608,000) (5,629,000) (13,460,000) (6,283,000)
Transfers in and/or out of Level 3         (8,307,000)
Other   53,000 102,000 116,000 (85,000)
Ending Balance 194,603,000 168,551,000 179,910,000 179,910,000 168,551,000
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date   1,839,000 (4,680,000) (7,009,000) 1,346,000
Level 3 | Successor | Residential mortgage-backed securities | Available-for-sale securities          
Assets:          
Beginning Balance   3,000 3,000 3,000 3,000
Ending Balance 3,000 3,000 3,000 3,000 3,000
Level 3 | Successor | Other asset-backed securities | Available-for-sale securities          
Assets:          
Beginning Balance   537,831,000 600,132,000 603,646,000 587,031,000
Total Realized and Unrealized Gains Included in Earnings         6,859,000
Total Realized and Unrealized Gains Included in Other Comprehensive Income   769,000 165,000 165,000 769,000
Total Realized and Unrealized Losses Included in Earnings     (92,000) (92,000)  
Total Realized and Unrealized Losses Included in Other Comprehensive Income   (8,350,000) (9,323,000) (12,891,000) (21,407,000)
Purchases   9,597,000     9,597,000
Sales   (7,629,000) (87,000) (127,000) (58,449,000)
Transfers in and/or out of Level 3         7,457,000
Other   923,000 90,000 184,000 1,284,000
Ending Balance 603,646,000 533,141,000 590,885,000 590,885,000 533,141,000
Level 3 | Successor | Other asset-backed securities | Trading Securities          
Assets:          
Beginning Balance   150,683,000 170,500,000 169,473,000 152,912,000
Total Realized and Unrealized Gains Included in Earnings   1,822,000 589,000 3,949,000 2,050,000
Total Realized and Unrealized Losses Included in Earnings   (8,000) (5,173,000) (5,173,000) (942,000)
Sales   (609,000) (5,468,000) (7,876,000) (2,212,000)
Transfers in and/or out of Level 3         172,000
Other   76,000 146,000 221,000 (16,000)
Ending Balance 169,473,000 151,964,000 160,594,000 160,594,000 151,964,000
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date   1,814,000 (4,587,000) (5,829,000) 1,105,000
Level 3 | Successor | States, municipals, and political subdivisions | Available-for-sale securities          
Assets:          
Beginning Balance       3,675,000  
Sales       (3,675,000)  
Ending Balance 3,675,000        
Level 3 | Successor | Corporate securities | Available-for-sale securities          
Assets:          
Beginning Balance   833,737,000 1,283,142,000 1,307,259,000 902,119,000
Total Realized and Unrealized Gains Included in Earnings   925,000 3,656,000 4,291,000 925,000
Total Realized and Unrealized Gains Included in Other Comprehensive Income   16,189,000 4,001,000 15,619,000 31,111,000
Total Realized and Unrealized Losses Included in Earnings     (687,000) (687,000) (4,135,000)
Total Realized and Unrealized Losses Included in Other Comprehensive Income   (694,000) (24,247,000) (24,247,000) (6,981,000)
Purchases   9,558,000 89,929,000 111,929,000 25,558,000
Sales   (57,123,000) (219,148,000) (254,935,000) (81,865,000)
Transfers in and/or out of Level 3   (16,773,000) (21,803,000) (41,853,000) (77,952,000)
Other   (2,676,000) (3,412,000) (5,945,000) (5,637,000)
Ending Balance 1,307,259,000 783,143,000 1,111,431,000 1,111,431,000 783,143,000
Level 3 | Successor | Corporate securities | Trading Securities          
Assets:          
Beginning Balance   5,677,000 19,614,000 25,130,000 18,225,000
Total Realized and Unrealized Gains Included in Earnings   24,000 140,000 174,000 332,000
Total Realized and Unrealized Losses Included in Earnings     (233,000) (299,000) (259,000)
Purchases   10,908,000     10,908,000
Sales   1,000 (161,000) (5,584,000) (4,071,000)
Transfers in and/or out of Level 3         (8,479,000)
Other   (23,000) (44,000) (105,000) (69,000)
Ending Balance 25,130,000 16,587,000 19,316,000 19,316,000 16,587,000
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date   25,000 (93,000) (1,180,000) 241,000
Level 3 | Successor | Equity securities          
Assets:          
Beginning Balance   66,504,000 66,691,000 66,691,000 66,504,000
Purchases   22,000     22,000
Sales     (231,000) (231,000)  
Ending Balance 66,691,000 66,526,000 66,460,000 66,460,000 66,526,000
Level 3 | Successor | Other long-term investments.          
Assets:          
Beginning Balance   57,048,000 79,222,000 64,200,000 68,384,000
Total Realized and Unrealized Gains Included in Earnings   16,275,000 24,982,000 40,032,000 20,492,000
Total Realized and Unrealized Losses Included in Earnings   (10,403,000) (3,685,000) (3,713,000) (27,385,000)
Purchases         1,429,000
Ending Balance 64,200,000 62,920,000 100,519,000 100,519,000 62,920,000
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date   $ 5,872,000 $ 21,297,000 36,319,000 $ (6,893,000)
Level 3 | Predecessor          
Assets:          
Beginning Balance 2,198,843,000     2,221,953,000  
Total Realized and Unrealized Gains Included in Earnings 17,805,000        
Total Realized and Unrealized Gains Included in Other Comprehensive Income 12,282,000        
Total Realized and Unrealized Losses Included in Earnings (15,501,000)        
Total Realized and Unrealized Losses Included in Other Comprehensive Income (26,896,000)        
Sales (7,586,000)        
Transfers in and/or out of Level 3 43,205,000        
Other (199,000)        
Ending Balance 2,221,953,000        
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date 2,304,000        
Liabilities:          
Beginning Balance 604,168,000     730,226,000  
Total Realized and Unrealized Gains Included in Earnings 61,000        
Total Realized and Unrealized Losses Included in Earnings (126,531,000)        
Issuances 7,000        
Settlements 419,000        
Ending Balance 730,226,000        
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date (125,934,000)        
Level 3 | Predecessor | Annuity account          
Liabilities:          
Beginning Balance 97,825,000     97,949,000  
Total Realized and Unrealized Losses Included in Earnings (536,000)        
Issuances 7,000        
Settlements 419,000        
Ending Balance 97,949,000        
Level 3 | Predecessor | Other liabilities          
Liabilities:          
Beginning Balance 506,343,000     632,277,000  
Total Realized and Unrealized Gains Included in Earnings 61,000        
Total Realized and Unrealized Losses Included in Earnings (125,995,000)        
Ending Balance 632,277,000        
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date (125,934,000)        
Level 3 | Predecessor | Total investments          
Assets:          
Beginning Balance 2,198,843,000     2,221,953,000  
Total Realized and Unrealized Gains Included in Earnings 17,805,000        
Total Realized and Unrealized Gains Included in Other Comprehensive Income 12,282,000        
Total Realized and Unrealized Losses Included in Earnings (15,501,000)        
Total Realized and Unrealized Losses Included in Other Comprehensive Income (26,896,000)        
Sales (7,586,000)        
Transfers in and/or out of Level 3 43,205,000        
Other (199,000)        
Ending Balance 2,221,953,000        
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date 2,304,000        
Level 3 | Predecessor | Fixed maturities          
Assets:          
Beginning Balance 2,087,527,000     2,109,186,000  
Total Realized and Unrealized Gains Included in Earnings 1,188,000        
Total Realized and Unrealized Gains Included in Other Comprehensive Income 12,282,000        
Total Realized and Unrealized Losses Included in Earnings (335,000)        
Total Realized and Unrealized Losses Included in Other Comprehensive Income (26,896,000)        
Sales (7,586,000)        
Transfers in and/or out of Level 3 43,205,000        
Other (199,000)        
Ending Balance 2,109,186,000        
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date 853,000        
Level 3 | Predecessor | Fixed maturities | Available-for-sale securities          
Assets:          
Beginning Balance 1,893,322,000     1,914,583,000  
Total Realized and Unrealized Gains Included in Other Comprehensive Income 12,282,000        
Total Realized and Unrealized Losses Included in Other Comprehensive Income (26,896,000)        
Sales (7,094,000)        
Transfers in and/or out of Level 3 43,205,000        
Other (236,000)        
Ending Balance 1,914,583,000        
Level 3 | Predecessor | Fixed maturities | Trading Securities          
Assets:          
Beginning Balance 194,205,000     194,603,000  
Total Realized and Unrealized Gains Included in Earnings 1,188,000        
Total Realized and Unrealized Losses Included in Earnings (335,000)        
Sales (492,000)        
Other 37,000        
Ending Balance 194,603,000        
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date 853,000        
Level 3 | Predecessor | Residential mortgage-backed securities | Available-for-sale securities          
Assets:          
Beginning Balance 3,000     3,000  
Ending Balance 3,000        
Level 3 | Predecessor | Other asset-backed securities | Available-for-sale securities          
Assets:          
Beginning Balance 563,961,000     603,646,000  
Total Realized and Unrealized Losses Included in Other Comprehensive Income (3,867,000)        
Sales (32,000)        
Transfers in and/or out of Level 3 43,205,000        
Other 379,000        
Ending Balance 603,646,000        
Level 3 | Predecessor | Other asset-backed securities | Trading Securities          
Assets:          
Beginning Balance 169,461,000     169,473,000  
Total Realized and Unrealized Gains Included in Earnings 586,000        
Total Realized and Unrealized Losses Included in Earnings (139,000)        
Sales (472,000)        
Other 37,000        
Ending Balance 169,473,000        
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date 447,000        
Level 3 | Predecessor | States, municipals, and political subdivisions | Available-for-sale securities          
Assets:          
Beginning Balance 3,675,000     3,675,000  
Ending Balance 3,675,000        
Level 3 | Predecessor | Corporate securities | Available-for-sale securities          
Assets:          
Beginning Balance 1,325,683,000     1,307,259,000  
Total Realized and Unrealized Gains Included in Other Comprehensive Income 12,282,000        
Total Realized and Unrealized Losses Included in Other Comprehensive Income (23,029,000)        
Sales (7,062,000)        
Other (615,000)        
Ending Balance 1,307,259,000        
Level 3 | Predecessor | Corporate securities | Trading Securities          
Assets:          
Beginning Balance 24,744,000     25,130,000  
Total Realized and Unrealized Gains Included in Earnings 602,000        
Total Realized and Unrealized Losses Included in Earnings (196,000)        
Sales (20,000)        
Ending Balance 25,130,000        
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date 406,000        
Level 3 | Predecessor | Equity securities          
Assets:          
Beginning Balance 66,691,000     66,691,000  
Ending Balance 66,691,000        
Level 3 | Predecessor | Other long-term investments.          
Assets:          
Beginning Balance 44,625,000     $ 46,076,000  
Total Realized and Unrealized Gains Included in Earnings 16,617,000        
Total Realized and Unrealized Losses Included in Earnings (15,166,000)        
Ending Balance 46,076,000        
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date $ 1,451,000