SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2014

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of property and equipment

	As of December 31,
	2014			2013
	(Dollars In Thousands)
Home office building	$	75,109		$	74,313
Data processing equipment	40,568			35,789
Other, principally furniture and equipment	52,771			51,049
	168,448			161,151
Accumulated depreciation	(116,688		)	(110,080		)
Total property and equipment	$	51,760		$	51,071

Schedule of future maturities of stable value products

Year of Maturity	Amount
	(Dollars In Millions)
2015	$	624.3
2016-2017	791.4
2018-2019	488.0
Thereafter	55.8

Summary of activity in the liability for unpaid claims for life and health insurance

	As of December 31,
	2014		2013			2012
	(Dollars In Thousands)
Balance beginning of year	$	334,450	$	326,633		$	312,799
Less: reinsurance	117,502		155,341			161,450
Net balance beginning of year	216,948		171,292			151,349
Incurred related to:
Current year	1,075,005		698,028			702,555
Prior year	102,936		68,396			62,926
Total incurred	1,177,941		766,424			765,481
Paid related to:
Current year	1,017,193		682,877			664,744
Prior year	121,966		85,146			80,794
Total paid	1,139,159		768,023			745,538
Other changes:
Acquisition and reserve transfers	—		47,255		(1)	—
Net balance end of year	255,730		216,948			171,292
Add: reinsurance	163,671		117,502			155,341
Balance end of year	$	419,401	$	334,450		$	326,633

(1) This amount represents the net liability, before reinsurance, for unpaid claims as of December 31, 2013 for MONY Life Insurance Company. The claims activity from the acquisition date of October 1, 2013 through December 31, 2013 for MONY Life Insurance Company is not reflected in this chart.