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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 5 Months Ended 6 Months Ended
Jan. 31, 2015
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues          
Premiums and policy fees   $ 828,058   $ 1,334,444  
Reinsurance ceded   (351,196)   (498,009)  
Net of reinsurance ceded   476,862   836,435  
Net investment income   408,147   680,358  
Realized investment gains (losses):          
Derivative financial instruments   10,566   5,618  
All other investments   (102,347)   (137,403)  
Other-than-temporary impairment losses   (13,395)   (13,395)  
Portion recognized in other comprehensive income (before taxes)   7,661   7,661  
Net impairment losses recognized in earnings   (5,734)   (5,734)  
Other income   75,459   124,640  
Total revenues   862,953   1,503,914  
Benefits and expenses          
Benefits and settlement expenses, net of reinsurance ceded: (2015 Successor - $303,055 and $419,941); (2015 Predecessor - $87,830; 2014 Predecessor - three months: $327,836; six months: $631,972)   693,392   1,178,816  
Amortization of deferred policy acquisition costs and value of business acquired   40,348   68,384  
Other operating expenses, net of reinsurance ceded: (2015 Successor - $51,146 and $86,839); (2015 Predecessor - $17,700; 2014 Predecessor - three months: $47,201; six months: $91,593)   164,780   267,745  
Total benefits and expenses   898,520   1,514,945  
Total before tax   (35,567)   (11,031)  
Income tax (benefit) expense   (9,991)   (1,875)  
Net income   $ (25,576)   $ (9,156)  
Predecessor          
Revenues          
Premiums and policy fees $ 260,582   $ 848,183   $ 1,660,506
Reinsurance ceded (91,632)   (348,255)   (681,761)
Net of reinsurance ceded 168,950   499,928   978,745
Net investment income 164,605   525,576   1,039,613
Realized investment gains (losses):          
Derivative financial instruments 22,031   (36,620)   (76,194)
All other investments 81,153   80,466   152,612
Other-than-temporary impairment losses (636)   (461)   (884)
Portion recognized in other comprehensive income (before taxes) 155   (999)   (2,167)
Net impairment losses recognized in earnings (481)   (1,460)   (3,051)
Other income 23,388   71,296   136,810
Total revenues 459,646   1,139,186   2,228,535
Benefits and expenses          
Benefits and settlement expenses, net of reinsurance ceded: (2015 Successor - $303,055 and $419,941); (2015 Predecessor - $87,830; 2014 Predecessor - three months: $327,836; six months: $631,972) 266,575   746,641   1,474,069
Amortization of deferred policy acquisition costs and value of business acquired 4,817   60,173   126,055
Other operating expenses, net of reinsurance ceded: (2015 Successor - $51,146 and $86,839); (2015 Predecessor - $17,700; 2014 Predecessor - three months: $47,201; six months: $91,593) 55,407   159,757   304,185
Total benefits and expenses 326,799   966,571   1,904,309
Total before tax 132,847   172,615   324,226
Income tax (benefit) expense 44,325   56,572   105,634
Net income $ 88,522   $ 116,043   $ 218,592