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FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 4) - 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
Transfers          
Securities transferred into Level 3   $ 0   $ 0  
Securities transferred into Level 2 from Level 3   21,800   41,900  
Securities transferred from Level 2 to Level 1   0   90,400  
Securities transferred out of Level 1   0   0  
Predecessor          
Transfers          
Securities transferred into Level 3 $ 43,200   $ 1,300   $ 31,000
Securities transferred into Level 2 from Level 3     67,500   83,800
Securities transferred from Level 2 to Level 1 0   0   0
Securities transferred out of Level 1 0   0   0
Level 3          
Assets:          
Beginning Balance   2,219,304   2,240,077  
Total Realized and Unrealized Gains Included in Earnings   29,367   48,446  
Total Realized and Unrealized Gains Included in Other Comprehensive Income   4,166   15,784  
Total Realized and Unrealized Losses Included in Earnings   (9,870)   (9,964)  
Total Realized and Unrealized Losses Included in Other Comprehensive Income   (33,570)   (37,138)  
Purchases   89,929   111,929  
Sales   (225,095)   (272,428)  
Transfers in and/or out of Level 3   (21,803)   (41,853)  
Other   (3,220)   (5,645)  
Ending Balance 2,240,077 2,049,208   2,049,208  
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date   16,617   29,310  
Liabilities:          
Beginning Balance   574,837   628,397  
Total Realized and Unrealized Gains Included in Earnings   147,963   212,854  
Total Realized and Unrealized Losses Included in Earnings   (14,090)   (27,225)  
Issuances   72   86  
Settlements   2,913   4,731  
Ending Balance 628,397 438,123   438,123  
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date   134,784   (187,173)  
Level 3 | Annuity account          
Liabilities:          
Beginning Balance   97,108   98,279  
Total Realized and Unrealized Losses Included in Earnings   (911)   (1,544)  
Issuances   72   86  
Settlements   2,913   4,731  
Ending Balance 98,279 95,178   95,178  
Level 3 | Other liabilities.          
Liabilities:          
Beginning Balance   477,729   530,118  
Total Realized and Unrealized Gains Included in Earnings   147,963   212,854  
Total Realized and Unrealized Losses Included in Earnings   (13,179)   (25,681)  
Ending Balance 530,118 342,945   342,945  
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date   134,784   187,173  
Level 3 | Total investments          
Assets:          
Beginning Balance   2,219,304   2,240,077  
Total Realized and Unrealized Gains Included in Earnings   29,367   48,446  
Total Realized and Unrealized Gains Included in Other Comprehensive Income   4,166   15,784  
Total Realized and Unrealized Losses Included in Earnings   (9,870)   (9,964)  
Total Realized and Unrealized Losses Included in Other Comprehensive Income   (33,570)   (37,138)  
Purchases   89,929   111,929  
Sales   (225,095)   (272,428)  
Transfers in and/or out of Level 3   (21,803)   (41,853)  
Other   (3,220)   (5,645)  
Ending Balance 2,240,077 2,049,208   2,049,208  
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date   16,617   29,310  
Level 3 | Fixed maturities:          
Assets:          
Beginning Balance   2,073,391   2,109,186  
Total Realized and Unrealized Gains Included in Earnings   4,385   8,414  
Total Realized and Unrealized Gains Included in Other Comprehensive Income   4,166   15,784  
Total Realized and Unrealized Losses Included in Earnings   (6,185)   (6,251)  
Total Realized and Unrealized Losses Included in Other Comprehensive Income   (33,570)   (37,138)  
Purchases   89,929   111,929  
Sales   (224,864)   (272,197)  
Transfers in and/or out of Level 3   (21,803)   (41,853)  
Other   (3,220)   (5,645)  
Ending Balance 2,109,186 1,882,229   1,882,229  
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date   (4,680)   (7,009)  
Level 3 | Fixed maturities: | Available-for-sale securities.          
Assets:          
Beginning Balance   1,883,277   1,914,583  
Total Realized and Unrealized Gains Included in Earnings   3,656   4,291  
Total Realized and Unrealized Gains Included in Other Comprehensive Income   4,166   15,784  
Total Realized and Unrealized Losses Included in Earnings   (779)   (779)  
Total Realized and Unrealized Losses Included in Other Comprehensive Income   (33,570)   (37,138)  
Purchases   89,929   111,929  
Sales   (219,235)   (258,737)  
Transfers in and/or out of Level 3   (21,803)   (41,853)  
Other   (3,322)   (5,761)  
Ending Balance 1,914,583 1,702,319   1,702,319  
Level 3 | Fixed maturities: | Trading Securities.          
Assets:          
Beginning Balance   190,114   194,603  
Total Realized and Unrealized Gains Included in Earnings   729   4,123  
Total Realized and Unrealized Losses Included in Earnings   (5,406)   (5,472)  
Sales   (5,629)   (13,460)  
Other   102   116  
Ending Balance 194,603 179,910   179,910  
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date   (4,680)   (7,009)  
Level 3 | Residential mortgage-backed securities | Available-for-sale securities.          
Assets:          
Beginning Balance   3   3  
Ending Balance 3 3   3  
Level 3 | Other asset-backed securities | Available-for-sale securities.          
Assets:          
Beginning Balance   600,132   603,646  
Total Realized and Unrealized Gains Included in Other Comprehensive Income   165   165  
Total Realized and Unrealized Losses Included in Earnings   (92)   (92)  
Total Realized and Unrealized Losses Included in Other Comprehensive Income   (9,323)   (12,891)  
Sales   (87)   (127)  
Other   90   184  
Ending Balance 603,646 590,885   590,885  
Level 3 | Other asset-backed securities | Trading Securities.          
Assets:          
Beginning Balance   170,500   169,473  
Total Realized and Unrealized Gains Included in Earnings   589   3,949  
Total Realized and Unrealized Losses Included in Earnings   (5,173)   (5,173)  
Sales   (5,468)   (7,876)  
Other   146   221  
Ending Balance 169,473 160,594   160,594  
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date   (4,587)   (5,829)  
Level 3 | States, municipals, and political subdivisions | Available-for-sale securities.          
Assets:          
Beginning Balance       3,675  
Sales       (3,675)  
Ending Balance 3,675        
Level 3 | Corporate securities | Available-for-sale securities.          
Assets:          
Beginning Balance   1,283,142   1,307,259  
Total Realized and Unrealized Gains Included in Earnings   3,656   4,291  
Total Realized and Unrealized Gains Included in Other Comprehensive Income   4,001   15,619  
Total Realized and Unrealized Losses Included in Earnings   (687)   (687)  
Total Realized and Unrealized Losses Included in Other Comprehensive Income   (24,247)   (24,247)  
Purchases   89,929   111,929  
Sales   (219,148)   (254,935)  
Transfers in and/or out of Level 3   (21,803)   (41,853)  
Other   (3,412)   (5,945)  
Ending Balance 1,307,259 1,111,431   1,111,431  
Level 3 | Corporate securities | Trading Securities.          
Assets:          
Beginning Balance   19,614   25,130  
Total Realized and Unrealized Gains Included in Earnings   140   174  
Total Realized and Unrealized Losses Included in Earnings   (233)   (299)  
Sales   (161)   (5,584)  
Other   (44)   (105)  
Ending Balance 25,130 19,316   19,316  
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date   (93)   (1,180)  
Level 3 | Equity securities          
Assets:          
Beginning Balance   66,691   66,691  
Sales   (231)   (231)  
Ending Balance 66,691 66,460   66,460  
Level 3 | Other long-term investments.          
Assets:          
Beginning Balance   79,222   64,200  
Total Realized and Unrealized Gains Included in Earnings   24,982   40,032  
Total Realized and Unrealized Losses Included in Earnings   (3,685)   (3,713)  
Ending Balance 64,200 100,519   100,519  
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date   $ 21,297   36,319  
Level 3 | Predecessor          
Assets:          
Beginning Balance 2,198,843   2,505,121 2,221,953 2,490,492
Total Realized and Unrealized Gains Included in Earnings 17,805   6,852   9,123
Total Realized and Unrealized Gains Included in Other Comprehensive Income 12,282   58,165   89,546
Total Realized and Unrealized Losses Included in Earnings (15,501)   (11,531)   (35,256)
Total Realized and Unrealized Losses Included in Other Comprehensive Income (26,896)   (2,354)   (8,664)
Purchases     65,746   104,685
Sales (7,586)   (102,316)   (141,329)
Transfers in and/or out of Level 3 43,205   (66,228)   (52,771)
Other (199)   (3,524)   (5,895)
Ending Balance 2,221,953   2,449,931   2,449,931
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date 2,304   (7,689)   (31,010)
Liabilities:          
Beginning Balance 604,168   414,142 730,226 340,738
Total Realized and Unrealized Gains Included in Earnings 61   13   25
Total Realized and Unrealized Losses Included in Earnings (126,531)   (92,847)   (169,079)
Issuances 7   63   175
Settlements 419   4,914   7,842
Ending Balance 730,226   502,125   502,125
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date (125,934)   (91,120)   (165,931)
Level 3 | Predecessor | Annuity account          
Liabilities:          
Beginning Balance 97,825   105,593 97,949 107,000
Total Realized and Unrealized Losses Included in Earnings (536)   (1,714)   (3,123)
Issuances 7   63   175
Settlements 419   4,914   7,842
Ending Balance 97,949   102,456   102,456
Level 3 | Predecessor | Other liabilities.          
Liabilities:          
Beginning Balance 506,343   308,549 632,277 233,738
Total Realized and Unrealized Gains Included in Earnings 61   13   25
Total Realized and Unrealized Losses Included in Earnings (125,995)   (91,133)   (165,956)
Ending Balance 632,277   399,669   399,669
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date (125,934)   (91,120)   (165,931)
Level 3 | Predecessor | Total investments          
Assets:          
Beginning Balance 2,198,843   2,505,121 2,221,953 2,490,492
Total Realized and Unrealized Gains Included in Earnings 17,805   6,852   9,123
Total Realized and Unrealized Gains Included in Other Comprehensive Income 12,282   58,165   89,546
Total Realized and Unrealized Losses Included in Earnings (15,501)   (11,531)   (35,256)
Total Realized and Unrealized Losses Included in Other Comprehensive Income (26,896)   (2,354)   (8,664)
Purchases     65,746   104,685
Sales (7,586)   (102,316)   (141,329)
Transfers in and/or out of Level 3 43,205   (66,228)   (52,771)
Other (199)   (3,524)   (5,895)
Ending Balance 2,221,953   2,449,931   2,449,931
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date 2,304   (7,689)   (31,010)
Level 3 | Predecessor | Fixed maturities:          
Assets:          
Beginning Balance 2,087,527   2,351,817 2,109,186 2,323,627
Total Realized and Unrealized Gains Included in Earnings 1,188   6,538   8,698
Total Realized and Unrealized Gains Included in Other Comprehensive Income 12,282   57,200   88,354
Total Realized and Unrealized Losses Included in Earnings (335)   (2,726)   (3,167)
Total Realized and Unrealized Losses Included in Other Comprehensive Income (26,896)   (2,354)   (8,498)
Purchases     65,746   95,134
Sales (7,586)   (101,642)   (140,655)
Transfers in and/or out of Level 3 43,205   (66,228)   (52,771)
Other (199)   (3,524)   (5,895)
Ending Balance 2,109,186   2,304,827   2,304,827
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date 853   802   654
Level 3 | Predecessor | Fixed maturities: | Available-for-sale securities.          
Assets:          
Beginning Balance 1,893,322   2,126,207 1,914,583 2,099,451
Total Realized and Unrealized Gains Included in Earnings     74   969
Total Realized and Unrealized Gains Included in Other Comprehensive Income 12,282   57,200   88,354
Total Realized and Unrealized Losses Included in Other Comprehensive Income (26,896)   (2,354)   (8,498)
Purchases     60,845   90,233
Sales (7,094)   (74,712)   (112,850)
Transfers in and/or out of Level 3 43,205   (67,478)   (55,293)
Other (236)   (3,703)   (6,287)
Ending Balance 1,914,583   2,096,079   2,096,079
Level 3 | Predecessor | Fixed maturities: | Trading Securities.          
Assets:          
Beginning Balance 194,205   225,610 194,603 224,176
Total Realized and Unrealized Gains Included in Earnings 1,188   6,464   7,729
Total Realized and Unrealized Losses Included in Earnings (335)   (2,726)   (3,167)
Purchases     4,901   4,901
Sales (492)   (26,930)   (27,805)
Transfers in and/or out of Level 3     1,250   2,522
Other 37   179   392
Ending Balance 194,603   208,748   208,748
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date 853   802   654
Level 3 | Predecessor | Residential mortgage-backed securities | Available-for-sale securities.          
Assets:          
Beginning Balance 3   17 3 28
Purchases         1
Sales     (6)   (17)
Other     (1)   (2)
Ending Balance 3   10   10
Level 3 | Predecessor | Residential mortgage-backed securities | Trading Securities.          
Assets:          
Purchases     842   842
Ending Balance     842   842
Level 3 | Predecessor | Other asset-backed securities | Available-for-sale securities.          
Assets:          
Beginning Balance 563,961   548,805 603,646 545,808
Total Realized and Unrealized Gains Included in Other Comprehensive Income     29,929   34,066
Total Realized and Unrealized Losses Included in Other Comprehensive Income (3,867)   (104)   (1,233)
Sales (32)   (9,534)   (9,794)
Transfers in and/or out of Level 3 43,205        
Other 379   (999)   (750)
Ending Balance 603,646   568,097   568,097
Level 3 | Predecessor | Other asset-backed securities | Trading Securities.          
Assets:          
Beginning Balance 169,461   194,664 169,473 194,977
Total Realized and Unrealized Gains Included in Earnings 586   6,124   6,851
Total Realized and Unrealized Losses Included in Earnings (139)   (2,686)   (3,114)
Sales (472)   (21,883)   (22,695)
Other 37   167   367
Ending Balance 169,473   176,386   176,386
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date 447   522   654
Level 3 | Predecessor | States, municipals, and political subdivisions | Available-for-sale securities.          
Assets:          
Beginning Balance 3,675   3,675 3,675 3,675
Ending Balance 3,675   3,675   3,675
Level 3 | Predecessor | Corporate securities | Available-for-sale securities.          
Assets:          
Beginning Balance 1,325,683   1,573,710 1,307,259 1,549,940
Total Realized and Unrealized Gains Included in Earnings     74   969
Total Realized and Unrealized Gains Included in Other Comprehensive Income 12,282   27,271   54,288
Total Realized and Unrealized Losses Included in Other Comprehensive Income (23,029)   (2,250)   (7,265)
Purchases     60,845   90,232
Sales (7,062)   (65,172)   (103,039)
Transfers in and/or out of Level 3     (67,478)   (55,293)
Other (615)   (2,703)   (5,535)
Ending Balance 1,307,259   1,524,297   1,524,297
Level 3 | Predecessor | Corporate securities | Trading Securities.          
Assets:          
Beginning Balance 24,744   30,946 25,130 29,199
Total Realized and Unrealized Gains Included in Earnings 602   340   878
Total Realized and Unrealized Losses Included in Earnings (196)   (40)   (53)
Purchases     4,059   4,059
Sales (20)   (5,047)   (5,110)
Transfers in and/or out of Level 3     1,250   2,522
Other     12   25
Ending Balance 25,130   31,520   31,520
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date 406   280    
Level 3 | Predecessor | Equity securities          
Assets:          
Beginning Balance 66,691   77,591 66,691 67,979
Total Realized and Unrealized Gains Included in Other Comprehensive Income     965   1,192
Total Realized and Unrealized Losses Included in Other Comprehensive Income         (166)
Purchases         9,551
Sales     (674)   (674)
Ending Balance 66,691   77,882   77,882
Level 3 | Predecessor | Other long-term investments.          
Assets:          
Beginning Balance 44,625   75,713 $ 46,076 98,886
Total Realized and Unrealized Gains Included in Earnings 16,617   314   425
Total Realized and Unrealized Losses Included in Earnings (15,166)   (8,805)   (32,089)
Ending Balance 46,076   67,222   67,222
Total Gains (losses) included in Earnings related to Instruments still held at the Reporting Date $ 1,451   $ (8,491)   $ (31,664)