REINSURANCE (Tables)

12 Months Ended

Dec. 31, 2016

Reinsurance Disclosures [Abstract]

Schedule of net life insurance in-force

The following table presents the net life insurance in-force:

	Successor Company						Predecessor Company
	As of December 31,						As of December 31,
	2016			2015			2014
	(Dollars In Millions)						(Dollars In Millions)
Direct life insurance in-force	$	739,249		$	727,705		$	721,036
Amounts assumed from other companies	116,265			39,547			43,237
Amounts ceded to other companies	(348,995		)	(368,142		)	(388,890		)
Net life insurance in-force	$	506,519		$	399,110		$	375,383
Percentage of amount assumed to net	23		%	10		%	12		%

Schedule of effect of reinsurance on life insurance premiums written and earned

The following table reflects the effect of reinsurance on life, accident/health, and property and liability insurance premiums written and earned:

	Gross Amount		Ceded to Other Companies			Assumed from Other Companies		Net Amount			Percentage of Amount Assumed to Net
	(Dollars In Thousands)
Successor Company
For The Year Ended December 31, 2016
Premiums and policy fees:										-1
Life insurance	$	2,610,682	$	(1,207,159	)	$	454,999	$	1,858,522	(1)	24.5	%
Accident/health insurance	58,076		(36,935		)	17,439		38,580			45.2
Property and liability insurance	242,517		(86,629		)	5,706		161,594			3.5
Total	$	2,911,275	$	(1,330,723	)	$	478,144	$	2,058,696
February 1, 2015 to December 31, 2015
Premiums and policy fees:
Life insurance	$	2,360,643	$	(1,058,706	)	$	308,280	$	1,610,217	(1)	19.1	%
Accident/health insurance	70,243		(36,871		)	18,252		51,624			35.4
Property and liability insurance	228,500		(79,294		)	6,904		156,110			4.4
Total	$	2,659,386	$	(1,174,871	)	$	333,436	$	1,817,951
	Gross Amount		Ceded to Other Companies			Assumed from Other Companies		Net Amount			Percentage of Amount Assumed to Net
	(Dollars In Thousands)
Predecessor Company
January 1, 2015 to January 31, 2015
Premiums and policy fees:
Life insurance	$	204,185	$	(80,657	)	$	28,601	$	152,129	(1)	18.8	%
Accident/health insurance	6,846		(4,621		)	1,809		4,034			44.8
Property and liability insurance	18,475		(6,354		)	666		12,787			5.2
Total	$	229,506	$	(91,632	)	$	31,076	$	168,950
For The Year Ended December 31, 2014
Premiums and policy fees:
Life insurance	$	2,603,956	$	(1,279,908	)	$	349,934	$	1,673,982	(1)	20.9	%
Accident/health insurance	81,037		(42,741		)	20,804		59,100			35.2
Property and liability insurance	218,663		(73,094		)	8,675		154,244			5.6
Total	$	2,903,656	$	(1,395,743	)	$	379,413	$	1,887,326

(1) Includes annuity policy fees of $80.1 million, $77.2 million, $7.7 million, and $92.8 million for the year ended December 31, 2016 (Successor Company), the periods of February 1, 2015 to December 31, 2015 (Successor Company) and January 1, 2015 to January 31, 2015 (Predecessor Company), and for the year ended December 31, 2014 (Predecessor Company), respectively.

Schedule of receivables attributable to more significant reinsurance partners

The following table sets forth the receivables attributable to our more significant reinsurance partners: 

	Successor Company
	As of December 31,
	2016			2015
	Reinsurance Receivable		A.M. Best Rating	Reinsurance Receivable		A.M. Best Rating
	(Dollars In Millions)
Security Life of Denver Insurance Company	$	762.2	A	$	800.6	A
Swiss Re Life & Health America, Inc.	682.6		A+	719.2		A+
Lincoln National Life Insurance Co.	530.9		A+	546.0		A+
Transamerica Life Insurance Co.	367.8		A+	396.6		A+
SCOR Global Life(1)	354.8		A	320.4		A
American United Life Insurance Company	285.6		A+	314.2		A+
RGA Reinsurance Company	269.0		A+	303.5		A+
Centre Reinsurance (Bermuda) Ltd	243.6		NR	247.6		NR
Scottish Re (U.S.) Inc.	232.8		NR	268.6		NR
The Canada Life Assurance Company	216.2		A+	207.5		A+

(1) Includes SCOR Global Life Americas Reinsurance Company, SCOR Global Life USA Reinsurance Co, and SCOR Global Life Reinsurance Co of Delaware