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CONSOLIDATED CONDENSED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Assets    
Fixed maturities, at fair value (amortized cost: 2015 Successor - $38,147,597; 2014 Predecessor - $33,717,848) $ 37,619,537us-gaap_MarketableSecuritiesFixedMaturities  
Fixed maturities, at amortized cost (fair value: 2015 Successor - $528,828; 2014 Predecessor - $485,422) 551,320us-gaap_HeldToMaturitySecurities  
Equity securities, at fair value (cost: 2015 Successor - $698,958; 2014 Predecessor - $735,297) 701,283us-gaap_MarketableSecuritiesEquitySecurities  
Mortgage loans (related to securitizations: 2015 Successor - $441,624; 2014 Predecessor - $455,250) 5,589,795us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet  
Investment real estate, net of accumulated depreciation (2015 Successor - $21; 2014 Predecessor - $246) 7,435us-gaap_RealEstateInvestmentPropertyNet  
Policy loans 1,735,370us-gaap_LoansInsurancePolicy  
Other long-term investments 574,787us-gaap_OtherLongTermInvestments  
Short-term investments 246,622us-gaap_OtherShortTermInvestments  
Total investments 47,026,149us-gaap_Investments  
Cash 348,625us-gaap_Cash  
Accrued investment income 483,599us-gaap_AccruedInvestmentIncomeReceivable  
Accounts and premiums receivable 123,033us-gaap_PremiumsAndOtherReceivablesNet  
Reinsurance receivables 5,508,682us-gaap_ReinsuranceRecoverables  
Deferred policy acquisition costs and value of business acquired 1,316,346us-gaap_DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired  
Goodwill 735,712us-gaap_Goodwill  
Other intangibles Other intangibles, net of accumulated amortization (2015 Successor - $6,886) 676,114us-gaap_IntangibleAssetsNetExcludingGoodwill  
Property and equipment, net of accumulated depreciation (2015 Successor - $1,382; 2014 Predecessor - $116,688) 102,062us-gaap_PropertyPlantAndEquipmentNet  
Other assets 233,004us-gaap_OtherAssets  
Assets related to separate accounts    
Variable annuity 13,339,653plico_AssetsRelatedToSeparateAccountsVariableAnnuity  
Variable universal life 857,167plico_AssetsRelatedToSeparateAccountsVariableUniversalLife  
Total assets 70,750,146us-gaap_Assets  
Liabilities    
Future policy benefits and claims 30,158,274us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense  
Unearned premiums 629,420us-gaap_UnearnedPremiums  
Total policy liabilities and accruals 30,787,694plico_PolicyLiabilitiesAndAccruals  
Stable value product account balances 1,923,684plico_StableValueProductAccountBalances  
Annuity account balances 10,846,606plico_AnnuityAccountBalances  
Other policyholders' funds 1,340,943us-gaap_OtherPolicyholderFunds  
Other liabilities 1,392,173us-gaap_OtherLiabilities  
Income tax payable 60,173us-gaap_AccruedIncomeTaxes  
Deferred income taxes 1,689,760us-gaap_DeferredIncomeTaxLiabilities  
Non-recourse funding obligations 1,914,016plico_NonRecourseFundingObligations  
Repurchase program borrowings 510,123plico_ReverseRepurchaseLiability  
Liabilities related to separate accounts    
Variable annuity 13,339,653plico_LiabilitiesRelatedToSeparateAccountsVariableAnnuity  
Variable universal life 857,167plico_LiabilitiesRelatedToSeparateAccountsVariableUniversalLife  
Total liabilities 64,661,992us-gaap_Liabilities  
Commitments and contingencies - Note 10     
Shareowner's equity    
Preferred Stock; $1 par value, shares authorized: 2,000; Liquidation preference: $2,000 2us-gaap_PreferredStockValue  
Common Stock, $1 par value, shares authorized and issued: 2015 and 2014 - 5,000,000 5,000us-gaap_CommonStockValue  
Additional paid-in-capital 6,359,211us-gaap_AdditionalPaidInCapital  
Retained earnings 16,420us-gaap_RetainedEarningsAccumulatedDeficit  
Accumulated other comprehensive income (loss):    
Net unrealized gains (losses) on investments, net of income tax: (2015 Successor - $(157,508); 2014 Predecessor - $796,488) (292,515)plico_AccumulatedOtherComprehensiveIncomeLossOtherUnrealizedNetGainsLossesOnInvestments  
Accumulated loss - derivatives, net of income tax: (2015 Successor - $19; 2014 Predecessor - $(45)) 36us-gaap_AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax  
Total shareowner's equity 6,088,154us-gaap_StockholdersEquity  
Total liabilities and shareowner's equity 70,750,146us-gaap_LiabilitiesAndStockholdersEquity  
Predecessor    
Assets    
Fixed maturities, at fair value (amortized cost: 2015 Successor - $38,147,597; 2014 Predecessor - $33,717,848)   36,756,240us-gaap_MarketableSecuritiesFixedMaturities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Fixed maturities, at amortized cost (fair value: 2015 Successor - $528,828; 2014 Predecessor - $485,422)   435,000us-gaap_HeldToMaturitySecurities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Equity securities, at fair value (cost: 2015 Successor - $698,958; 2014 Predecessor - $735,297)   756,790us-gaap_MarketableSecuritiesEquitySecurities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Mortgage loans (related to securitizations: 2015 Successor - $441,624; 2014 Predecessor - $455,250)   5,133,780us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Investment real estate, net of accumulated depreciation (2015 Successor - $21; 2014 Predecessor - $246)   5,918us-gaap_RealEstateInvestmentPropertyNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Policy loans   1,758,237us-gaap_LoansInsurancePolicy
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other long-term investments   491,282us-gaap_OtherLongTermInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Short-term investments   246,717us-gaap_OtherShortTermInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total investments   45,583,964us-gaap_Investments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Cash   268,286us-gaap_Cash
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Accrued investment income   474,095us-gaap_AccruedInvestmentIncomeReceivable
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Accounts and premiums receivable   81,137us-gaap_PremiumsAndOtherReceivablesNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Reinsurance receivables   5,907,662us-gaap_ReinsuranceRecoverables
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Deferred policy acquisition costs and value of business acquired   3,155,046us-gaap_DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Goodwill   77,577us-gaap_Goodwill
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Property and equipment, net of accumulated depreciation (2015 Successor - $1,382; 2014 Predecessor - $116,688)   51,760us-gaap_PropertyPlantAndEquipmentNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other assets   398,574us-gaap_OtherAssets
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Income tax receivable   1,648us-gaap_IncomeTaxReceivable
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Assets related to separate accounts    
Variable annuity   13,157,429plico_AssetsRelatedToSeparateAccountsVariableAnnuity
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Variable universal life   834,940plico_AssetsRelatedToSeparateAccountsVariableUniversalLife
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total assets   69,992,118us-gaap_Assets
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Liabilities    
Future policy benefits and claims   29,944,477us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Unearned premiums   1,515,001us-gaap_UnearnedPremiums
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total policy liabilities and accruals   31,459,478plico_PolicyLiabilitiesAndAccruals
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Stable value product account balances   1,959,488plico_StableValueProductAccountBalances
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Annuity account balances   10,950,729plico_AnnuityAccountBalances
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other policyholders' funds   1,430,325us-gaap_OtherPolicyholderFunds
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other liabilities   1,178,962us-gaap_OtherLiabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Deferred income taxes   1,611,864us-gaap_DeferredIncomeTaxLiabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Non-recourse funding obligations   1,527,752plico_NonRecourseFundingObligations
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Repurchase program borrowings   50,000plico_ReverseRepurchaseLiability
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Liabilities related to separate accounts    
Variable annuity   13,157,429plico_LiabilitiesRelatedToSeparateAccountsVariableAnnuity
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Variable universal life   834,940plico_LiabilitiesRelatedToSeparateAccountsVariableUniversalLife
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total liabilities   64,160,967us-gaap_Liabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Commitments and contingencies - Note 10     
Shareowner's equity    
Preferred Stock; $1 par value, shares authorized: 2,000; Liquidation preference: $2,000   2us-gaap_PreferredStockValue
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Common Stock, $1 par value, shares authorized and issued: 2015 and 2014 - 5,000,000   5,000us-gaap_CommonStockValue
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Additional paid-in-capital   1,437,787us-gaap_AdditionalPaidInCapital
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Retained earnings   2,905,151us-gaap_RetainedEarningsAccumulatedDeficit
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Accumulated other comprehensive income (loss):    
Net unrealized gains (losses) on investments, net of income tax: (2015 Successor - $(157,508); 2014 Predecessor - $796,488)   1,479,192plico_AccumulatedOtherComprehensiveIncomeLossOtherUnrealizedNetGainsLossesOnInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net unrealized (losses) gains relating to other-than-temporary impaired investments for which a portion has been recognized in earnings, net of income tax: (2015 Successor - $0; 2014 Predecessor - $2,208)   4,101plico_AccumulatedOtherComprehensiveIncomeLossUnrealizedOtherThanTemporaryImpairmentLosses
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Accumulated loss - derivatives, net of income tax: (2015 Successor - $19; 2014 Predecessor - $(45))   (82)us-gaap_AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total shareowner's equity   5,831,151us-gaap_StockholdersEquity
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total liabilities and shareowner's equity   $ 69,992,118us-gaap_LiabilitiesAndStockholdersEquity
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember