Value of Business Acquired - Successor

12 Months Ended

Dec. 31, 2015

Value of Business Acquired - Successor

11. Value of Business Acquired — Successor

The following reflects the changes to the VOBA asset:

($ in thousands)	For the Year Ended December 31, 2015			For the Period from April 1, 2014 Through December 31, 2014
Balance at beginning of period	$	231,521		$	290,795
Business acquired		—			—
Amortized to expense during the year(1)		(40,880	)		(38,987	)
Adjustment for unrealized investment losses during the year		57,061			(20,287	)
Balance at end of year	$	247,702		$	231,521

(1) Amount is included in Operating and Acquisition Expenses on the Consolidated Statements of Operations and Other Comprehensive Income (Loss)

The following table provides estimated percentage of the VOBA balance to be amortized for the years indicated:

	VOBA Amortization
2016		14	%
2017		12	%
2018		10	%
2019		8	%
2020 and thereafter		56	%