CERTAIN NONTRADITIONAL LONG-DURATION CONTRACTS (Tables)

12 Months Ended

Dec. 31, 2016

CERTAIN NONTRADITIONAL LONG-DURATION CONTRACTS

Schedule of activity relating to GMDB reserves (excluding those 100% reinsured under the Modco agreement)

Activity relating to GMDB reserves (excluding those 100% reinsured under the Modco agreement) is as follows:

	Successor Company					Predecessor Company
	For The Year Ended December 31, 2016			February 1, 2015 to December 31, 2015		January 1, 2015 to January 31, 2015		For The Year Ended December 31, 2014
	(Dollars In Thousands)					(Dollars In Thousands)
Beginning balance	$	29,931		$	23,893	$	21,695	$	13,608
Incurred guarantee benefits	(682		)	8,285		2,506		10,130
Less: Paid guarantee benefits	1,414			2,247		442		2,043
Ending balance	$	27,835		$	29,931	$	23,759	$	21,695

Schedule of account balances of variable annuities with guarantees invested in variable annuity separate accounts

Account balances of variable annuities with guarantees invested in variable annuity separate accounts are as follows:

	Successor Company
	As of December 31,
	2016		2015
	(Dollars In Thousands)
Equity mutual funds	$	8,071,204	$	5,476,366
Fixed income mutual funds	5,085,864		7,184,528
Total	$	13,157,068	$	12,660,894

Schedule of activity in the Company's deferred sales inducement asset

Activity in the Company's deferred sales inducement asset was as follows:

	Successor Company						Predecessor Company
	For The Year Ended December 31, 2016			February 1, 2015 to December 31, 2015			January 1, 2015 to January 31, 2015			For The Year Ended December 31, 2014
	(Dollars In Thousands)						(Dollars In Thousands)
Deferred asset, beginning of period	$	11,756		$	—		$	155,150		$	146,651
Amounts deferred	16,212			14,557			82			18,302
Amortization	(5,471		)	(2,801		)	(1,139		)	(9,803		)
Deferred asset, end of period	$	22,497		$	11,756		$	154,093		$	155,150