MONY CLOSED BLOCK OF BUSINESS (Tables)

12 Months Ended

Dec. 31, 2013

MONY CLOSED BLOCK OF BUSINESS

Summary of financial information for the Closed Block

	As of
	December 31, 2013
	(Dollars In Thousands)
Closed block liabilities
Future policy benefits, policyholders’ account balances and other	$	6,274,719
Policyholder dividend obligation	190,494
Other liabilities	1,259
Total closed block liabilities	6,466,472
Closed block assets
Fixed maturities, available-for-sale, at fair value	4,109,142
Equity securities, available-for-sale, at fair value	5,223
Mortgage loans on real estate	594,884
Policy loans	802,013
Cash and other invested assets	140,577
Other assets	207,265
Total closed block assets	5,859,104
Excess of reported closed block liabilities over closed block assets	607,368
Portion of above representing accumulated other comprehensive income:
Net unrealized investments gains (losses) net of deferred tax benefit of $1,074 and net of policyholder dividend obligation of $12,720	(1,994		)
Future earnings to be recognized from closed block assets and closed block liabilities	$	605,374

Schedule of reconciliation of the policyholder dividend obligation

	For The
	Period Ended
	December 31, 2013
	(Dollars In Thousands)
Policyholder dividend obligation, at acquisition date	$	213,350
Applicable to net revenue (losses)	(10,136		)
Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation	(12,720		)
Policyholder dividend obligation, end of period	$	190,494

Schedule of Closed Block revenues and expenses

	For The
	Period Ended
	December 31, 2013
	(Dollars In Thousands)
Revenues
Premiums and other income	$	64,171
Net investment income (loss)	51,141
Net investment gains (losses)	9,252
Total revenues	124,564
Benefits and other deductions
Benefits and settlement expenses	113,564
Other operating expenses	548
Total benefits and other deductions	114,112
Net revenues before income taxes	10,452
Income tax expense	3,658
Net revenues	$	6,794