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OPERATING SEGMENTS (Tables)
 9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Summary of Financial Information for the Company's Segments
The following tables summarize financial information for the Company’s segments (Predecessor and Successor periods are not comparable):
 
 
Successor Company
 
Predecessor Company
 
For The Three Months Ended September 30, 2016
 
For The Three Months Ended September 30, 2015
 
For The Nine Months Ended September 30, 2016
 
February 1, 2015
to
September 30, 2015
 
January 1, 2015
to
January 31, 2015
 
(Dollars In Thousands)
 
(Dollars In Thousands)
Revenues
 

 
 
 
 
 
 

 
 

Life Marketing
$
382,224

 
$
358,194

 
$
1,148,121

 
$
960,807

 
$
133,361

Acquisitions
391,017

 
352,141

 
1,269,672

 
974,915

 
139,761

Annuities
139,265

 
200,798

 
546,378

 
293,610

 
130,918

Stable Value Products
27,380

 
17,065

 
83,519

 
44,063

 
8,181

Asset Protection
79,030

 
77,476

 
229,128

 
204,397

 
24,566

Corporate and Other
34,872

 
997

 
111,714

 
32,793

 
22,859

Total revenues
$
1,053,788

 
$
1,006,671

 
$
3,388,532

 
$
2,510,585

 
$
459,646

Pre-tax Operating Income (Loss)
 

 
 
 
 
 
 

 
 

Life Marketing
$
(512
)
 
18,758

 
37,712

 
$
28,711

 
$
(2,271
)
Acquisitions
70,157

 
59,016

 
184,095

 
132,962

 
20,134

Annuities
43,033

 
37,090

 
135,789

 
108,976

 
11,363

Stable Value Products
14,700

 
12,785

 
44,326

 
28,249

 
4,529

Asset Protection
4,099

 
4,415

 
12,496

 
12,938

 
1,907

Corporate and Other
(46,509
)
 
(34,557
)
 
(111,499
)
 
(84,888
)
 
(16,662
)
Pre-tax operating income
84,968

 
97,507

 
302,919

 
226,948

 
19,000

Realized investment (losses) gains - investments(1)
(688
)
 
8,586

 
183,343

 
(150,063
)
 
89,414

Realized investment (losses) gains - derivatives
9,987

 
50,028

 
103,564

 
68,205

 
24,433

Income before income tax
94,267

 
156,121

 
589,826

 
145,090

 
132,847

Income tax expense
(20,965
)
 
(42,542
)
 
(185,114
)
 
(40,667
)
 
(44,325
)
Net income
$
73,302

 
$
113,579

 
$
404,712

 
$
104,423

 
$
88,522

 
 
 
 
 
 
 
 
 
 
All other investment gains (losses)
$
20,844

 
$
(4,755
)
 
$
187,752

 
$
(147,892
)
 
$
80,672

Less: amortization related to DAC/VOBA and benefits and settlement expenses
21,532

 
(13,341
)
 
4,409

 
2,171

 
(8,742
)
Realized investment gains (losses) - investments
$
(688
)
 
$
8,586

 
$
183,343

 
$
(150,063
)
 
$
89,414

 
 
 
 
 
 
 
 
 
 
Derivative financial instruments gains (losses)
$
532

 
$
41,895

 
$
75,988

 
$
47,513

 
$
22,031

Less: VA GMWB economic cost
(9,455
)
 
(8,133
)
 
(27,576
)
 
(20,692
)
 
(2,402
)
Realized investment gains (losses) - derivatives
$
9,987

 
$
50,028

 
$
103,564

 
$
68,205

 
$
24,433

 
(1) Includes credit related other-than-temporary impairments of $3.3 million, $6.9 million, $10.1 million, $15.8 million, and $0.5 million for the three and nine months ended September 30, 2016 (Successor Company), the three months ended September 30, 2015 (Successor Company), the period of February 1, 2015 to September 30, 2015 (Successor Company), and for the period of January 1, 2015 to January 31, 2015 (Predecessor Company), respectively.

 
Operating Segment Assets
As of September 30, 2016 (Successor Company)
 
(Dollars In Thousands)
 
Life
Marketing
 
Acquisitions
 
Annuities
 
Stable Value
Products
Investments and other assets
$
14,171,442

 
$
19,986,370

 
$
20,166,335

 
$
3,283,420

Deferred policy acquisition costs and value of business acquired
1,155,759

 
82,803

 
634,820

 
5,919

Other intangibles
305,403

 
37,741

 
186,781

 
8,889

Goodwill
200,274

 
14,524

 
336,677

 
113,813

Total assets
$
15,832,878

 
$
20,121,438

 
$
21,324,613

 
$
3,412,041

 
 
Asset
Protection
 
Corporate
and Other
 
Total
Consolidated
Investments and other assets
$
828,946

 
$
13,876,152

 
$
72,312,665

Deferred policy acquisition costs and value of business acquired
35,087

 
—

 
1,914,388

Other intangibles
75,333

 
—

 
614,147

Goodwill
67,155

 
—

 
732,443

Total assets
$
1,006,521

 
$
13,876,152

 
$
75,573,643

 
 
 
Operating Segment Assets
As of December 31, 2015 (Successor Company)
 
(Dollars In Thousands)
 
Life
Marketing
 
Acquisitions
 
Annuities
 
Stable Value
Products
Investments and other assets
$
13,258,639

 
$
19,879,988

 
$
19,715,901

 
$
2,006,263

Deferred policy acquisition costs and value of business acquired
1,119,515

 
(178,662
)
 
578,742

 
2,357

Other intangibles
319,623

 
39,658

 
196,780

 
9,389

Goodwill
200,274

 
14,524

 
336,677

 
113,813

Total assets
$
14,898,051

 
$
19,755,508

 
$
20,828,100

 
$
2,131,822

 
 
Asset
Protection
 
Corporate
and Other
 
Total
Consolidated
Investments and other assets
$
766,294

 
$
9,464,906

 
$
65,091,991

Deferred policy acquisition costs and value of business acquired
40,421

 
—

 
1,562,373

Other intangibles
79,681

 
—

 
645,131

Goodwill
67,155

 
—

 
732,443

Total assets
$
953,551

 
$
9,464,906

 
$
68,031,938