DEFERRED POLICY ACQUISITION COSTS AND VALUE OF BUSINESS ACQUIRED (Tables)

12 Months Ended

Dec. 31, 2017

Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net [Abstract]

Schedule of balances and changes in DAC

The balances and changes in DAC are as follows:

	Successor Company
	As of December 31, 2017			As of December 31, 2016
Balance, beginning of period	$	576,685		$	291,497
Capitalization of commissions, sales, and issue expenses	335,601			330,302
Amortization	(53,604		)	(49,179		)
Change due to unrealized investment gains and losses	(15,234		)	4,065
Balance, end of period	$	843,448		$	576,685

Schedule of balances and changes in VOBA

The balances and changes in VOBA are as follows:

	Successor Company
	As of December 31, 2017			As of  December 31, 2016
	(Dollars In Thousands)
Balance, beginning of period	$	1,447,839		$	1,270,876
Acquisitions	—			285,092
Amortization	(25,839		)	(101,119		)
Change due to unrealized investment gains and losses	(60,047		)	(7,010		)
Balance, end of period	$	1,361,953		$	1,447,839

Schedule of estimated amortization of VOBA for the next five years

Based on the balance recorded as of December 31, 2017 (Successor Company), the expected amortization of VOBA for the next five years is as follows:

	Expected
Years	Amortization
	(Dollars In Thousands)
2018	$	122,333
2019	117,483
2020	102,464
2021	89,906
2022	82,782