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OFFSETTING OF ASSETS AND LIABILITIES - Schedule of Derivative Instruments by Assets (Details) - Successor - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Offsetting of Derivative Assets    
Derivatives Not Subject to Master Netting Arrangement. Gross Amounts of Recognized Assets $ 673,817 $ 323,570
Gross Amounts Offset in the Settlement of Financial Position 0 0
Net Amounts of Assets Presented in the Statement of Financial Position 673,817 323,570
Derivatives Not Subject to Master Netting Arrangement, Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments 114,968 42,382
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Received 299,819 105,842
Net Amount 259,030 175,346
Total derivatives, subject to a master netting arrangement or similar arrangement    
Offsetting of Derivative Assets    
Derivatives Subject to Master Netting Arrangement, Gross Amounts of Recognized Assets 586,545 254,840
Gross Amounts Offset in the Settlement of Financial Position 0 0
Net Amounts of Assets Presented in the Statement of Financial Position 586,545 254,840
Derivatives Subject to Master Netting Arrangement, Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments 114,968 42,382
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Received 299,819 105,842
Net Amount 171,758 106,616
Free-Standing derivatives    
Offsetting of Derivative Assets    
Derivatives Subject to Master Netting Arrangement, Gross Amounts of Recognized Assets 586,545 254,840
Gross Amounts Offset in the Settlement of Financial Position 0 0
Net Amounts of Assets Presented in the Statement of Financial Position 586,545 254,840
Derivatives Subject to Master Netting Arrangement, Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments 114,968 42,382
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Received 299,819 105,842
Net Amount 171,758 106,616
Total derivatives, not subject to a master netting arrangement or similar arrangement    
Offsetting of Derivative Assets    
Derivatives Not Subject to Master Netting Arrangement. Gross Amounts of Recognized Assets 87,272 68,730
Gross Amounts Offset in the Settlement of Financial Position 0 0
Net Amounts of Assets Presented in the Statement of Financial Position 87,272 68,730
Derivatives Not Subject to Master Netting Arrangement, Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments 0 0
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Received 0 0
Net Amount 87,272 68,730
Embedded derivative - Modco reinsurance treaties    
Offsetting of Derivative Assets    
Derivatives Not Subject to Master Netting Arrangement. Gross Amounts of Recognized Assets 2,787 1,215
Gross Amounts Offset in the Settlement of Financial Position 0 0
Net Amounts of Assets Presented in the Statement of Financial Position 2,787 1,215
Derivatives Not Subject to Master Netting Arrangement, Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments 0 0
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Received 0 0
Net Amount 2,787 1,215
Embedded derivative - GMWB    
Offsetting of Derivative Assets    
Derivatives Not Subject to Master Netting Arrangement. Gross Amounts of Recognized Assets 33,675 49,007
Gross Amounts Offset in the Settlement of Financial Position 0 0
Net Amounts of Assets Presented in the Statement of Financial Position 33,675 49,007
Derivatives Not Subject to Master Netting Arrangement, Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments 0 0
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Received 0 0
Net Amount 33,675 49,007
Derivatives with PLC    
Offsetting of Derivative Assets    
Derivatives Not Subject to Master Netting Arrangement. Gross Amounts of Recognized Assets 50,687 18,161
Gross Amounts Offset in the Settlement of Financial Position 0 0
Net Amounts of Assets Presented in the Statement of Financial Position 50,687 18,161
Derivatives Not Subject to Master Netting Arrangement, Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments 0 0
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Received 0 0
Net Amount 50,687 18,161
Other    
Offsetting of Derivative Assets    
Derivatives Not Subject to Master Netting Arrangement. Gross Amounts of Recognized Assets 123 347
Gross Amounts Offset in the Settlement of Financial Position 0 0
Net Amounts of Assets Presented in the Statement of Financial Position 123 347
Derivatives Not Subject to Master Netting Arrangement, Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments 0 0
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Received 0 0
Net Amount $ 123 $ 347