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SEGMENT INFORMATION - SUCCESSOR COMPANY - Schedule of Comprehensive Income (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES        
Premiums $ 8,000 $ 19,000 $ 37,000 $ 61,000
Policy charges and fee income 97,000 365,000 1,232,000 1,944,000
Net investment income 99,000 255,000 490,000 579,000
Asset management and service fees 20,000 71,000 255,000 391,000
Other income   7,000    
Total 481,000 (1,907,000) 7,489,000 (5,261,000)
TOTAL REVENUES 686,000 (1,190,000) 8,949,000 (2,225,000)
BENEFITS AND EXPENSES        
Policyholder benefits and changes in fair value of insurance liabilities   (1,010,000)    
Commission expense 35,000 65,000 1,573,000 798,000
General, administrative and other expenses 3,000 75,000 317,000 205,000
TOTAL BENEFITS AND EXPENSES 253,000 (870,000) 2,690,000 1,810,000
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES 433,000 (320,000) 6,259,000 (4,035,000)
Income tax expense (benefit) 77,000 (34,000) 1,294,000 (866,000)
NET INCOME (LOSS) 356,000 (286,000) 4,965,000 (3,169,000)
Other comprehensive income (loss), before tax:        
Changes in own-credit risk related to insurance liabilities 0 140,000 0 0
Other comprehensive income (118,000) 29,000 (362,000) 294,000
Other comprehensive loss, net of tax (443,000) 111,000 (1,363,000) 1,104,000
COMPREHENSIVE INCOME (LOSS) $ (87,000) (175,000) $ 3,602,000 $ (2,065,000)
Retained Business        
REVENUES        
Premiums   19,000    
Policy charges and fee income   365,000    
Net investment income   125,000    
Asset management and service fees   71,000    
Other income   5,000    
Total   (861,000)    
TOTAL REVENUES   (276,000)    
BENEFITS AND EXPENSES        
Policyholder benefits and changes in fair value of insurance liabilities   (96,000)    
Commission expense   65,000    
General, administrative and other expenses   75,000    
TOTAL BENEFITS AND EXPENSES   44,000    
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES   (320,000)    
Income tax expense (benefit)   (34,000)    
NET INCOME (LOSS)   (286,000)    
Other comprehensive income (loss), before tax:        
Changes in own-credit risk related to insurance liabilities   140,000    
Other comprehensive income   29,000    
Other comprehensive loss, net of tax   111,000    
COMPREHENSIVE INCOME (LOSS)   (175,000)    
Ceded Business        
REVENUES        
Premiums   0    
Policy charges and fee income   0    
Net investment income   130,000    
Asset management and service fees   0    
Other income   2,000    
Total   (1,046,000)    
TOTAL REVENUES   (914,000)    
BENEFITS AND EXPENSES        
Policyholder benefits and changes in fair value of insurance liabilities   (914,000)    
Commission expense   0    
General, administrative and other expenses   0    
TOTAL BENEFITS AND EXPENSES   (914,000)    
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES   0    
Income tax expense (benefit)   0    
NET INCOME (LOSS)   0    
Other comprehensive income (loss), before tax:        
Changes in own-credit risk related to insurance liabilities   0    
Other comprehensive income   0    
Other comprehensive loss, net of tax   0    
COMPREHENSIVE INCOME (LOSS)   $ 0