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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
2 Months Ended 1 Months Ended 3 Months Ended
Mar. 31, 2015
Jan. 31, 2015
Mar. 31, 2014
Cash flows from operating activities      
Net income $ 16,420us-gaap_NetIncomeLoss    
Adjustments to reconcile net income to net cash provided by operating activities:      
Realized investment losses (gains) 40,004us-gaap_RealizedInvestmentGainsLosses    
Amortization of deferred policy acquisition costs and value of business acquired 28,036plico_AmortizationOfDeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired    
Capitalization of deferred policy acquisition costs (49,851)us-gaap_DeferredPolicyAcquisitionCostsAdditions    
Depreciation and amortization expense 8,268us-gaap_DepreciationAndAmortization    
Deferred income tax (14,345)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes    
Accrued income tax 110,290us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable    
Interest credited to universal life and investment products 130,209us-gaap_InterestCreditedToPolicyOwnerAccounts    
Policy fees assessed on universal life and investment products (188,403)us-gaap_InsuranceCommissionsAndFees    
Change in reinsurance receivables 29,955us-gaap_IncreaseDecreaseInReinsuranceRecoverable    
Change in accrued investment income and other receivables (41,574)plico_ChangeInAccruedInvestmentIncomeAndOtherReceivables    
Change in policy liabilities and other policyholders' funds of traditional life and health products (114,029)us-gaap_IncreaseDecreaseInInsuranceLiabilities    
Trading securities:      
Maturities and principal reductions of investments 27,556plico_TradingSecuritiesMaturitiesAndPrincipalReductionsOfInvestments    
Sale of investments 31,584plico_TradingSecuritiesSaleOfInvestments    
Cost of investments acquired (75,342)plico_TradingSecuritiesCostOfInvestmentsAcquired    
Other net change in trading securities 51,908plico_TradingSecuritiesOtherNetChangeInTradingSecurities    
Amortization of premiums and accretion of discounts on investments 57,807us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments    
Change in other liabilities (41,118)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities    
Other, net 95,891us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet    
Net cash provided by operating activities 103,266us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations    
Cash flows from investing activities      
Maturities and principal reductions of investments, available-for-sale 45,532us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities    
Sale of investments, available-for-sale 721,935us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities    
Cost of investments acquired, available-for-sale (1,185,394)us-gaap_PaymentsToAcquireAvailableForSaleSecurities    
Change in investments, held-to-maturity (20,000)us-gaap_PaymentsToAcquireHeldToMaturitySecurities    
Mortgage loans:      
New lendings (248,508)us-gaap_PaymentsToAcquireMortgageNotesReceivable    
Repayments 223,644us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable    
Change in investment real estate, net 21us-gaap_PaymentsForProceedsFromRealEstateHeldforinvestment    
Change in policy loans, net 16,502us-gaap_PaymentsForProceedsFromPolicyLoans    
Change in other long-term investments, net (34,184)plico_ChangeInOtherLongTermInvestmentsNet    
Change in short-term investments, net 15,799us-gaap_PaymentsForProceedsFromShortTermInvestments    
Net unsettled security transactions 5,100plico_UnsettledSecurityTransactionsNet    
Purchase of property and equipment (709)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment    
Net cash (used in) provided by investing activities (460,262)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations    
Cash flows from financing activities      
Issuance (repayment) of non-recourse funding obligations 20,000plico_IssuanceRepaymentOfNonRecourseFundingObligations    
Repurchase program borrowings 460,123plico_ProceedsFromReverseRepurchaseLiability    
Dividends/Return of capital to parent company (145,000)us-gaap_PaymentsOfDividends    
Investment product deposits and change in universal life deposits 462,674us-gaap_ProceedsFromAnnuitiesAndInvestmentCertificates    
Investment product withdrawals (471,218)us-gaap_RepaymentsOfAnnuitiesAndInvestmentCertificates    
Other financing activities, net 139us-gaap_ProceedsFromPaymentsForOtherFinancingActivities    
Net cash provided by (used in) financing activities 326,718us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations    
Change in cash (30,278)us-gaap_CashPeriodIncreaseDecrease    
Cash at beginning of period 378,903us-gaap_Cash    
Cash at end of period 348,625us-gaap_Cash    
Predecessor      
Cash flows from operating activities      
Net income   88,522us-gaap_NetIncomeLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
102,549us-gaap_NetIncomeLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Adjustments to reconcile net income to net cash provided by operating activities:      
Realized investment losses (gains)   (102,703)us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(30,981)us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Amortization of deferred policy acquisition costs and value of business acquired   4,817plico_AmortizationOfDeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
65,882plico_AmortizationOfDeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Capitalization of deferred policy acquisition costs   (22,799)us-gaap_DeferredPolicyAcquisitionCostsAdditions
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(59,764)us-gaap_DeferredPolicyAcquisitionCostsAdditions
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Depreciation and amortization expense   796us-gaap_DepreciationAndAmortization
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
1,792us-gaap_DepreciationAndAmortization
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Deferred income tax   91,709us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(9,161)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Accrued income tax   (48,469)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
50,082us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Interest credited to universal life and investment products   79,088us-gaap_InterestCreditedToPolicyOwnerAccounts
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
210,800us-gaap_InterestCreditedToPolicyOwnerAccounts
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Policy fees assessed on universal life and investment products   (90,288)us-gaap_InsuranceCommissionsAndFees
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(253,394)us-gaap_InsuranceCommissionsAndFees
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Change in reinsurance receivables   (98,148)us-gaap_IncreaseDecreaseInReinsuranceRecoverable
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(14,104)us-gaap_IncreaseDecreaseInReinsuranceRecoverable
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Change in accrued investment income and other receivables   (1,285)plico_ChangeInAccruedInvestmentIncomeAndOtherReceivables
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(24,820)plico_ChangeInAccruedInvestmentIncomeAndOtherReceivables
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Change in policy liabilities and other policyholders' funds of traditional life and health products   176,119us-gaap_IncreaseDecreaseInInsuranceLiabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
15,963us-gaap_IncreaseDecreaseInInsuranceLiabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Trading securities:      
Maturities and principal reductions of investments   17,946plico_TradingSecuritiesMaturitiesAndPrincipalReductionsOfInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
25,257plico_TradingSecuritiesMaturitiesAndPrincipalReductionsOfInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Sale of investments   26,422plico_TradingSecuritiesSaleOfInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
47,457plico_TradingSecuritiesSaleOfInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Cost of investments acquired   (27,289)plico_TradingSecuritiesCostOfInvestmentsAcquired
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(37,070)plico_TradingSecuritiesCostOfInvestmentsAcquired
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other net change in trading securities   (26,901)plico_TradingSecuritiesOtherNetChangeInTradingSecurities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(20,589)plico_TradingSecuritiesOtherNetChangeInTradingSecurities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Amortization of premiums and accretion of discounts on investments   3,420us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
10,018us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Change in other liabilities   211,031us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
10,203us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other, net   (133,928)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(71,952)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net cash provided by operating activities   148,060us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
18,168us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Cash flows from investing activities      
Maturities and principal reductions of investments, available-for-sale   59,028us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
221,379us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Sale of investments, available-for-sale   200,716us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
374,956us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Cost of investments acquired, available-for-sale   (150,030)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(900,627)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Change in investments, held-to-maturity     (20,000)us-gaap_PaymentsToAcquireHeldToMaturitySecurities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Mortgage loans:      
New lendings   (100,530)us-gaap_PaymentsToAcquireMortgageNotesReceivable
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(126,896)us-gaap_PaymentsToAcquireMortgageNotesReceivable
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Repayments   45,741us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
222,646us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Change in investment real estate, net   7us-gaap_PaymentsForProceedsFromRealEstateHeldforinvestment
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
49us-gaap_PaymentsForProceedsFromRealEstateHeldforinvestment
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Change in policy loans, net   6,365us-gaap_PaymentsForProceedsFromPolicyLoans
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
22,634us-gaap_PaymentsForProceedsFromPolicyLoans
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Change in other long-term investments, net   (25,372)plico_ChangeInOtherLongTermInvestmentsNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(72,988)plico_ChangeInOtherLongTermInvestmentsNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Change in short-term investments, net   (39,312)us-gaap_PaymentsForProceedsFromShortTermInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(41,467)us-gaap_PaymentsForProceedsFromShortTermInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net unsettled security transactions   37,510plico_UnsettledSecurityTransactionsNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
45,145plico_UnsettledSecurityTransactionsNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Purchase of property and equipment   (648)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(3,072)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net cash (used in) provided by investing activities   33,475us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(278,241)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Cash flows from financing activities      
Issuance (repayment) of non-recourse funding obligations     19,989plico_IssuanceRepaymentOfNonRecourseFundingObligations
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Repurchase program borrowings     125,000plico_ProceedsFromReverseRepurchaseLiability
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Dividends/Return of capital to parent company     (75,000)us-gaap_PaymentsOfDividends
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Investment product deposits and change in universal life deposits   169,233us-gaap_ProceedsFromAnnuitiesAndInvestmentCertificates
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
696,229us-gaap_ProceedsFromAnnuitiesAndInvestmentCertificates
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Investment product withdrawals   (240,147)us-gaap_RepaymentsOfAnnuitiesAndInvestmentCertificates
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(577,210)us-gaap_RepaymentsOfAnnuitiesAndInvestmentCertificates
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other financing activities, net   (4)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
 
Net cash provided by (used in) financing activities   (70,918)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
189,008us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Change in cash   110,617us-gaap_CashPeriodIncreaseDecrease
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(71,065)us-gaap_CashPeriodIncreaseDecrease
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Cash at beginning of period   268,286us-gaap_Cash
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
345,579us-gaap_Cash
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Cash at end of period   $ 378,903us-gaap_Cash
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
$ 274,514us-gaap_Cash
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember