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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 8 Months Ended 9 Months Ended
Jan. 31, 2015
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues          
Premiums and policy fees   $ 793,572   $ 2,128,016  
Reinsurance ceded   (312,256)   (810,265)  
Net of reinsurance ceded   481,316   1,317,751  
Net investment income   413,544   1,093,902  
Realized investment gains (losses):          
Derivative financial instruments   41,895   47,513  
All other investments   5,309   (132,094)  
Other-than-temporary impairment losses   (14,906)   (28,301)  
Portion recognized in other comprehensive income (before taxes)   4,842   12,503  
Net impairment losses recognized in earnings   (10,064)   (15,798)  
Other income   74,671   199,311  
Total revenues   1,006,671   2,510,585  
Benefits and expenses          
Benefits and settlement expenses, net of reinsurance ceded: (2015 Successor - $265,315 and $685,256); (2015 Predecessor - $87,830; 2014 Predecessor - three months: $217,179; nine months: $849,151)   674,815   1,853,631  
Amortization of deferred policy acquisition costs and value of business acquired   8,979   77,363  
Other operating expenses, net of reinsurance ceded: (2015 Successor - $51,174 and $138,013); (2015 Predecessor - $17,700; 2014 Predecessor - three months: $49,909; nine months: $141,502)   166,756   434,501  
Total benefits and expenses   850,550   2,365,495  
Income (loss) before income tax   156,121   145,090  
Income tax (benefit) expense   42,542   40,667  
Net income (loss)   $ 113,579   $ 104,423  
Predecessor          
Revenues          
Premiums and policy fees $ 260,582   $ 755,300   $ 2,415,806
Reinsurance ceded (91,632)   (283,104)   (964,865)
Net of reinsurance ceded 168,950   472,196   1,450,941
Net investment income 164,605   532,861   1,572,474
Realized investment gains (losses):          
Derivative financial instruments 22,031   41,769   (34,425)
All other investments 81,153   (116)   152,496
Other-than-temporary impairment losses (636)   (1,142)   (2,026)
Portion recognized in other comprehensive income (before taxes) 155   (1,212)   (3,379)
Net impairment losses recognized in earnings (481)   (2,354)   (5,405)
Other income 23,388   72,404   209,214
Total revenues 459,646   1,116,760   3,345,295
Benefits and expenses          
Benefits and settlement expenses, net of reinsurance ceded: (2015 Successor - $265,315 and $685,256); (2015 Predecessor - $87,830; 2014 Predecessor - three months: $217,179; nine months: $849,151) 266,575   628,527   2,102,596
Amortization of deferred policy acquisition costs and value of business acquired 4,817   140,517   266,572
Other operating expenses, net of reinsurance ceded: (2015 Successor - $51,174 and $138,013); (2015 Predecessor - $17,700; 2014 Predecessor - three months: $49,909; nine months: $141,502) 55,407   163,596   467,781
Total benefits and expenses 326,799   932,640   2,836,949
Income (loss) before income tax 132,847   184,120   508,346
Income tax (benefit) expense 44,325   62,287   167,921
Net income (loss) $ 88,522   $ 121,833   $ 340,425