Reinsurance (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Effects of Reinsurance on Premiums and Contract Charges

The effects of reinsurance on premiums earned and fee income from policyholders for the Successor Period for the year ended December 31, 2015 and for the period April 1, 2014 through December 31, 2014 were as follows:

($ in thousands)	For the Year Ended December 31, 2015			For the Period from April 1, 2014 Through December 31, 2014
Direct	$	1,463,472		$	921,444
Assumed		5,939			5,258
Ceded		(1,106,638	)		(702,833	)
Premiums and fee income, net of reinsurance	$	362,773		$	223,869

Schedule of Effects of Reinsurance on Interest Credited to Contractholder Funds, Contract Benefits and Expenses

The effects of reinsurance on return credited to policyholders’ account balances, and policyholder benefits for the year ended December 31, 2015 and for the period April 1, 2014 through December 31, 2014 were as follows:

($ in thousands)	For the Year Ended December 31, 2015			For the Period from April 1, 2014 Through December 31, 2014
Direct	$	1,603,724		$	1,104,420
Assumed		6,743			4,713
Ceded		(957,643	)		(635,887	)
Return credited to policyholders’ account balances, and policyholders’ benefits, net of reinsurance	$	652,824		$	473,246

Predecessor

Schedule of Effects of Reinsurance on Premiums and Contract Charges

The effects of reinsurance on premiums and contract charges are as follows:

($ in thousands)	Period from January 1, 2014 through March 31, 2014			2013
Direct	$	331,899		$	1,331,597
Assumed		1,581			6,830
Ceded:
Affiliate		(244,797	)		(962,576	)
Non-affiliate		(88,683	)		(375,851	)
Premiums and fee income, net of reinsurance	$	—		$	—

Schedule of Effects of Reinsurance on Interest Credited to Contractholder Funds, Contract Benefits and Expenses

The effects of reinsurance on return credited to policyholders’ account balances, policyholder benefits and other expenses are as follows:

($ in thousands)	Period from January 1, 2014 through March 31, 2014			2013
Direct	$	450,041		$	1,938,015
Assumed		2,606			8,180
Ceded:
Affiliate		(336,122	)		(1,505,010	)
Non-affiliate		(116,525	)		(441,185	)
Return credited to policyholders, contract benefits and expenses, net of reinsurance	$	—		$	—