INCOME TAXES (Tables)

9 Months Ended

Sep. 30, 2015

INCOME TAXES

Schedule of components of the Company's net deferred income tax liability

	Successor			Predecessor
	Company			Company
	As of			As of
	September 30, 2015			December 31, 2014
	(Dollars In Thousands)			(Dollars In Thousands)
Deferred income tax assets:
Loss and credit carryforwards	$	75,781		$	35,642
Premium receivables and policy liabilities	—			154,720
Deferred compensation	103,788			104,117
Invested assets (other than unrealized gains)	—			2,960
Deferred policy acquisition costs	346,439			—
Net unrealized loss on investments	503,859			—
Valuation allowance	(796		)	(791		)
	1,029,071			296,648
Deferred income tax liabilities:
VOBA and other intangibles	666,660			—
Premium receivables and policy liabilities	103,036			—
DAC and VOBA	—			1,073,499
Invested assets (other than unrealized gains)	1,619,114			—
Net unrealized gains on investments	—			798,529
Other	2,589			36,484
	2,391,399			1,908,512
Net deferred income tax liability	$	(1,362,328	)	$	(1,611,864	)

Schedule of reconciliation of the beginning and ending amount of unrecognized tax benefits

	Successor			Predecessor
	Company			Company
	February 1, 2015			January 1, 2015
	to			to			As of
	September 30, 2015			January 31, 2015			December 31, 2014
	(Dollars In Thousands)			(Dollars In Thousands)
Balance, beginning of period	$	105,850		$	168,076		$	85,846
Additions for tax positions of the current year	8,217			(5,010		)	57,392
Additions for tax positions of prior years	1,602			1,149			34,371
Reductions of tax positions of prior years:
Changes in judgment	(899		)	(58,365		)	(9,533		)
Settlements during the period	(90,872		)	—			—
Lapses of applicable statute of limitations	—			—			—
Balance, end of period	$	23,898		$	105,850		$	168,076