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Consolidated Statement of Operations and Comprehensive Income (Loss) (Successor) and Statements of Operations and Comprehensive Income (Loss)(Predecessor) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2014
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2013
Revenues        
Premiums earned   $ 20,384 $ 8,841  
Fee income from policyholders   259,169 353,932  
Net investment income   288,571 398,931  
Realized investment gains, net   46,092 113,538  
Total revenues   614,216 875,242  
Expenses        
Policyholders' Benefits   216,543 351,744  
Return credited to policyholders' account balances   256,703 301,079  
Operating and acquisition expenses   96,050 93,671  
Total expenses   569,296 746,494  
Income (Loss) Before Federal Income Tax   44,920 128,748  
Federal Income Tax Expense (Benefit)        
Current     22,528  
Deferred   14,234 23,566  
Total income tax expense   14,234 46,094  
NET INCOME (LOSS)   30,686 82,654  
Net unrealized investment gains (losses):        
Unrealized investment gains (losses) for the period   131,433 (290,511)  
Reclassification adjustment for (gains) losses included in net income     79,023  
Net unrealized investment gains (losses)   131,433 (369,534)  
Less: Income tax expense (benefit) related to:        
Unrealized investment gains (losses) for the period   45,935 (101,679)  
Reclassification adjustment for (gains) losses included in net income     (27,658)  
Net unrealized investment gains (losses)   45,935 (129,337)  
Other comprehensive (loss) income   85,498 (240,197)  
Comprehensive (loss) income   $ 116,184 $ (157,543)  
Predecessor        
Revenues        
Net investment income $ 2,350     $ 10,935
Realized investment gains, net 285      
Total revenues 2,635     10,935
Expenses        
Income (Loss) Before Federal Income Tax 2,635     10,935
Federal Income Tax Expense (Benefit)        
Current 914     3,902
Deferred 8     (77)
Total income tax expense 922     3,825
NET INCOME (LOSS) 1,713     7,110
Net unrealized investment gains (losses):        
Unrealized investment gains (losses) for the period 2,364     (15,281)
Reclassification adjustment for (gains) losses included in net income 285     1
Net unrealized investment gains (losses) 2,079     (15,282)
Less: Income tax expense (benefit) related to:        
Unrealized investment gains (losses) for the period 828     (5,349)
Reclassification adjustment for (gains) losses included in net income (100)      
Net unrealized investment gains (losses) 728     (5,349)
Other comprehensive (loss) income 1,351     (9,933)
Comprehensive (loss) income $ 3,064     $ (2,823)