MONY CLOSED BLOCK OF BUSINESS (Tables)

3 Months Ended

Mar. 31, 2015

MONY CLOSED BLOCK OF BUSINESS

Summary of financial information for the Closed Block

	Successor		Predecessor
	Company		Company
	As of		As of
	March 31, 2015		December 31, 2014
	(Dollars In Thousands)		(Dollars In Thousands)
Closed block liabilities
Future policy benefits, policyholders’ account balances and other policyholder liabilities	$	6,105,857	$	6,138,505
Policyholder dividend obligation	251,458		366,745
Other liabilities	57,266		53,838
Total closed block liabilities	6,414,581		6,559,088
Closed block assets
Fixed maturities, available-for-sale, at fair value	$	4,588,002	$	4,524,037
Equity securities, available-for-sale, at fair value	—		5,387
Mortgage loans on real estate	427,624		448,855
Policy loans	761,749		771,120
Cash and other invested assets	56,536		30,984
Other assets	162,135		221,270
Total closed block assets	5,996,046		6,001,653
Excess of reported closed block liabilities over closed block assets	418,535		557,435
Portion of above representing accumulated other comprehensive income:
Net unrealized investments gains (losses) net of deferred tax benefit of $0 (2015 Successor), $0 (2015 Predecessor), and $0 (2014 Predecessor) net of policyholder dividend obligation of $(38,427) (2015 Successor), $194,686 (2015 Predecessor), and $106,886 (2014 Predecessor)	—		—
Future earnings to be recognized from closed block assets and closed block liabilities	$	418,535	$	557,435

Schedule of reconciliation of the policyholder dividend obligation

	Successor			Predecessor
	Company			Company
	February 1, 2015			January 1, 2015			For The Three
	to			to			Months Ended
	March 31, 2015			January 31, 2015			March 31, 2014
	(Dollars In Thousands)			(Dollars In Thousands)
Policyholder dividend obligation, beginning of period	$	323,432		$	366,745		$	190,494
Applicable to net revenue (losses)	(12,855		)	(1,369		)	(6,680		)
Change in net unrealized investment gains (losses) allocated to policyholder dividend obligation	(59,119		)	135,077			70,267
Policyholder dividend obligation, end of period	$	251,458		$	500,453		$	254,081

Schedule of Closed Block revenues and expenses

	Successor		Predecessor
	Company		Company
	February 1, 2015		January 1, 2015		For The Three
	to		to		Months Ended
	March 31, 2015		January 31, 2015		March 31, 2014
	(Dollars In Thousands)		(Dollars In Thousands)
Revenues
Premiums and other income	$	31,460	$	15,065	$	50,066
Net investment income (loss)	32,848		19,107		52,207
Net investment gains (losses)	634		568		5,019
Total revenues	64,942		34,740		107,292
Benefits and other deductions
Benefits and settlement expenses	55,771		31,152		96,326
Total benefits and other deductions	55,771		31,152		96,326
Net revenues before income taxes	9,171		3,588		10,966
Income tax expense	3,210		1,256		3,838
Net revenues	$	5,961	$	2,332	$	7,128