DEFERRED POLICY ACQUISITION COSTS AND VALUE OF BUSINESS ACQUIRED (Tables)

6 Months Ended

Jun. 30, 2015

DEFERRED POLICY ACQUISITION COSTS AND VALUE OF BUSINESS ACQUIRED.

Schedule of balances and changes in DAC

	Successor			Predecessor
	Company			Company
	February 1, 2015			January 1, 2015
	to			to			As of
	June 30, 2015			January 31, 2015			December 31, 2014
	(Dollars In Thousands)			(Dollars In Thousands)
Balance, beginning of period	$	—		$	2,653,065		$	2,720,604
Capitalization of commissions, sales, and issue expenses	132,103			22,820			293,672
Amortization	(7,916		)	1,080			(194,517		)
Change in unrealized investment gains and losses	4,073			(96,830		)	(166,694		)
Balance, end of period	$	128,260		$	2,580,135		$	2,653,065

Schedule of balances and changes in VOBA

	Successor			Predecessor
	Company			Company
	February 1, 2015			January 1, 2015
	to			to			As of
	June 30, 2015			January 31, 2015			December 31, 2014
	(Dollars In Thousands)			(Dollars In Thousands)
Balance, beginning of period	1,278,063			501,981			756,018
Amortization	(60,468		)	(5,895		)	(113,803		)
Change in unrealized gains and losses	50,612			(79,417		)	(140,234		)
Balance, end of period	$	1,268,207		$	416,669		$	501,981

Schedule of expected amortization of VOBA for the next five years

	Expected
Years	Amortization
	(Dollars In Thousands)
2015	$	74,707
2016	141,689
2017	131,556
2018	116,248
2019	97,335