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OPERATING SEGMENTS (Details) - USD ($)
$ in Thousands
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
Dec. 31, 2015
Feb. 01, 2015
Operating Segment Assets              
Goodwill             $ 735,700
Successor              
Summarized financial information for the company's segments              
Revenues   $ 1,174,842 $ 862,953 $ 1,503,914 $ 2,334,744    
Segment Operating Income (Loss)   106,934 61,916 129,441 217,951    
Realized investment gains (losses) - investments   100,889 (115,716) (158,649) 184,031    
Realized investment gains (losses) - derivatives   52,757 18,233 18,177 93,577    
Income tax (expense) benefit   (87,787) 9,991 1,875 (164,149)    
Net income (loss)   172,793 (25,576) (9,156) 331,410    
Realized gain (losses) on investments              
All other investment gains (losses)   87,816 (108,081) (143,137) 166,908    
Less: amortization related to DAC/VOBA and benefits and settlement expenses   (13,073) 7,635 15,512 (17,123)    
Realized investment gains (losses) - investments   100,889 (115,716) (158,649) 184,031    
Realized gain (losses) on derivatives              
Derivative financial instruments gains (losses)   43,548 10,566 5,618 75,456    
Less: VA GMWB economic cost   (9,209) (7,667) (12,559) (18,121)    
Realized investment gains (losses) - derivatives   52,757 18,233 18,177 93,577    
Other-than-temporary impairments   967 5,734 5,734 3,584    
Operating Segment Assets              
Investments and other assets   71,122,295     71,122,295 $ 65,091,991  
Deferred policy acquisition costs and value of business acquired   1,895,166     1,895,166 1,562,373  
Other intangibles   624,475     624,475 645,131  
Goodwill   732,443     732,443 732,443 $ 735,700
Total assets   74,374,379     74,374,379 68,031,938  
Successor | Operating | Life Marketing              
Summarized financial information for the company's segments              
Revenues   384,823 347,691 602,613 765,897    
Segment Operating Income (Loss)   25,098 5,672 9,953 38,224    
Operating Segment Assets              
Investments and other assets   13,916,859     13,916,859 13,258,639  
Deferred policy acquisition costs and value of business acquired   1,134,643     1,134,643 1,119,515  
Other intangibles   310,141     310,141 319,623  
Goodwill   200,274     200,274 200,274  
Total assets   15,561,917     15,561,917 14,898,051  
Successor | Operating | Acquisitions              
Summarized financial information for the company's segments              
Revenues   453,848 363,985 622,774 878,655    
Segment Operating Income (Loss)   45,285 37,876 73,946 113,938    
Operating Segment Assets              
Investments and other assets   20,052,484     20,052,484 19,879,988  
Deferred policy acquisition costs and value of business acquired   93,983     93,983 (178,662)  
Other intangibles   38,380     38,380 39,658  
Goodwill   14,524     14,524 14,524  
Total assets   20,199,371     20,199,371 19,755,508  
Successor | Operating | Annuities              
Summarized financial information for the company's segments              
Revenues   188,597 43,468 92,812 407,113    
Segment Operating Income (Loss)   47,480 40,513 71,886 92,756    
Operating Segment Assets              
Investments and other assets   19,873,357     19,873,357 19,715,901  
Deferred policy acquisition costs and value of business acquired   625,628     625,628 578,742  
Other intangibles   190,116     190,116 196,780  
Goodwill   336,677     336,677 336,677  
Total assets   21,025,778     21,025,778 20,828,100  
Successor | Operating | Stable Value Products              
Summarized financial information for the company's segments              
Revenues   26,237 16,656 26,998 56,139    
Segment Operating Income (Loss)   15,178 9,349 15,464 29,626    
Operating Segment Assets              
Investments and other assets   2,711,452     2,711,452 2,006,263  
Deferred policy acquisition costs and value of business acquired   4,353     4,353 2,357  
Other intangibles   9,056     9,056 9,389  
Goodwill   113,813     113,813 113,813  
Total assets   2,838,674     2,838,674 2,131,822  
Successor | Operating | Asset Protection              
Summarized financial information for the company's segments              
Revenues   76,419 77,625 126,921 150,098    
Segment Operating Income (Loss)   4,141 4,880 8,523 8,397    
Operating Segment Assets              
Investments and other assets   812,678     812,678 766,294  
Deferred policy acquisition costs and value of business acquired   36,559     36,559 40,421  
Other intangibles   76,782     76,782 79,681  
Goodwill   67,155     67,155 67,155  
Total assets   993,174     993,174 953,551  
Successor | Operating | Corporate and Other              
Summarized financial information for the company's segments              
Revenues   44,918 13,528 31,796 76,842    
Segment Operating Income (Loss)   (30,248) $ (36,374) $ (50,331) (64,990)    
Operating Segment Assets              
Investments and other assets   13,755,465     13,755,465 9,464,906  
Deferred policy acquisition costs and value of business acquired   0     0 0  
Other intangibles   0     0 0  
Goodwill   0     0 0  
Total assets   $ 13,755,465     $ 13,755,465 $ 9,464,906  
Predecessor              
Summarized financial information for the company's segments              
Revenues $ 459,646            
Segment Operating Income (Loss) 19,000            
Realized investment gains (losses) - investments 89,414            
Realized investment gains (losses) - derivatives 24,433            
Income tax (expense) benefit (44,325)            
Net income (loss) 88,522            
Realized gain (losses) on investments              
All other investment gains (losses) 80,672            
Less: amortization related to DAC/VOBA and benefits and settlement expenses (8,742)            
Realized investment gains (losses) - investments 89,414            
Realized gain (losses) on derivatives              
Derivative financial instruments gains (losses) 22,031            
Less: VA GMWB economic cost (2,402)            
Realized investment gains (losses) - derivatives 24,433            
Other-than-temporary impairments 481            
Predecessor | Operating | Life Marketing              
Summarized financial information for the company's segments              
Revenues 133,361            
Segment Operating Income (Loss) (2,271)            
Predecessor | Operating | Acquisitions              
Summarized financial information for the company's segments              
Revenues 139,761            
Segment Operating Income (Loss) 20,134            
Predecessor | Operating | Annuities              
Summarized financial information for the company's segments              
Revenues 130,918            
Segment Operating Income (Loss) 11,363            
Predecessor | Operating | Stable Value Products              
Summarized financial information for the company's segments              
Revenues 8,181            
Segment Operating Income (Loss) 4,529            
Predecessor | Operating | Asset Protection              
Summarized financial information for the company's segments              
Revenues 24,566            
Segment Operating Income (Loss) 1,907            
Predecessor | Operating | Corporate and Other              
Summarized financial information for the company's segments              
Revenues 22,859            
Segment Operating Income (Loss) $ (16,662)