OPERATING SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2015

OPERATING SEGMENTS

Summary of financial information for the Company's segments

	Successor						Predecessor
	Company						Company
	For The Three			February 1, 2015			January 1, 2015			For The Three			For The Nine
	Months Ended			to			to			Months Ended			Months Ended
	September 30, 2015			September 30, 2015			January 31, 2015			September 30, 2014			September 30, 2014
	(Dollars In Thousands)						(Dollars In Thousands)
Revenues
Life Marketing	$	358,194		$	960,807		$	133,361		$	368,479		$	1,098,015
Acquisitions	352,141			974,915			139,761			408,522			1,273,714
Annuities	200,798			293,610			130,918			200,366			582,645
Stable Value Products	17,065			44,063			8,181			38,719			93,696
Asset Protection	77,476			204,397			24,566			77,277			227,244
Corporate and Other	997			32,793			22,859			23,397			69,981
Total revenues	$	1,006,671		$	2,510,585		$	459,646		$	1,116,760		$	3,345,295
Segment Operating Income (Loss)
Life Marketing	$	18,758		$	28,711		$	(2,271	)	$	31,571		$	79,471
Acquisitions	59,016			132,962			20,134			72,929			198,807
Annuities	37,090			108,976			11,363			42,659			136,590
Stable Value Products	12,785			28,249			4,529			19,506			54,190
Asset Protection	4,415			12,938			1,907			6,962			18,535
Corporate and Other	(34,557		)	(84,888		)	(16,662		)	(25,986		)	(76,363		)
Total segment operating income	97,507			226,948			19,000			147,641			411,230
Realized investment (losses) gains - investments (1)	8,586			(150,063		)	89,414			(11,903		)	112,769
Realized investment (losses) gains - derivatives	50,028			68,205			24,433			48,382			(15,653		)
Income tax expense	(42,542		)	(40,667		)	(44,325		)	(62,287		)	(167,921		)
Net income	$	113,579		$	104,423		$	88,522		$	121,833		$	340,425
(2)Investment gains (losses)	$	(4,755	)	$	(147,892	)	$	80,672		$	(2,470	)	$	147,091
Less: amortization related to DAC/VOBA and benefits and settlement expenses	(13,341		)	2,171			(8,742		)	9,433			34,322
Realized investment gains (losses) - investments	$	8,586		$	(150,063	)	$	89,414		$	(11,903	)	$	112,769
(3)Derivative gains (losses)	$	41,895		$	47,513		$	22,031		$	41,769		$	(34,425	)
Less: VA GMWB economic cost	(8,133		)	(20,692		)	(2,402		)	(6,613		)	(18,772		)
Realized investment gains (losses) - derivatives	$	50,028		$	68,205		$	24,433		$	48,382		$	(15,653	)

(1) Includes credit related other-than-temporary impairments of $10.1 million and $15.8 million for the three months ended September 30, 2015 (Successor Company) and for the period of February 1, 2015 to September 30, 2015 (Successor Company), respectively. Includes credit related other-than-temporary impairments of $0.5 million, $2.3 million, and $5.4 million for the period of January 1, 2015 to January 31, 2015 (Predecessor Company) and for the three and nine months ended September 30, 2014 (Predecessor Company), respectively.

(2)Includes realized investment gains (losses) before related amortization.

(3)Includes realized gains (losses) on derivatives before the VA GMWB economic cost.

	Operating Segment Assets
	As of September 30, 2015 (Successor Company)
	(Dollars In Thousands)
	Life							Stable Value
	Marketing		Acquisitions			Annuities		Products
Investments and other assets	$	13,223,607	$	20,014,577		$	19,565,914	$	1,790,724
Deferred policy acquisition costs and value of business acquired	1,078,408		(182,038		)	531,735		—
Other intangibles	324,362		40,297			200,112		9,556
Goodwill	203,543		14,524			336,677		113,813
Total assets	$	14,829,920	$	19,887,360		$	20,634,438	$	1,914,093

	Asset		Corporate				Total
	Protection		and Other		Adjustments		Consolidated
Investments and other assets	$	788,749	$	9,972,530	$	10,719	$	65,366,820
Deferred policy acquisition costs and value of business acquired	41,618		—		—		1,469,723
Other intangibles	81,132						655,459
Goodwill	67,155		—		—		735,712
Total assets	$	978,654	$	9,972,530	$	10,719	$	68,227,714

	Operating Segment Assets
	As of December 31, 2014 (Predecessor Company)
	(Dollars In Thousands)
	Life						Stable Value
	Marketing		Acquisitions		Annuities		Products
Investments and other assets	$	13,858,491	$	19,858,284	$	20,678,948	$	1,958,867
Deferred policy acquisition costs and value of business acquired	1,973,156		600,482		539,965		621
Goodwill	—		29,419		—		—
Total assets	$	15,831,647	$	20,488,185	$	21,218,913	$	1,959,488

	Asset		Corporate				Total
	Protection		and Other		Adjustments		Consolidated
Investments and other assets	$	832,887	$	9,557,226	$	14,792	$	66,759,495
Deferred policy acquisition costs and value of business acquired	40,503		319		—		3,155,046
Goodwill	48,158		—		—		77,577
Total assets	$	921,548	$	9,557,545	$	14,792	$	69,992,118