Certain Nontraditional Long-Duration Contracts - Successor (Tables)

12 Months Ended

Dec. 31, 2015

As of December 31, 2015 and December 31, 2014, the Company had the following guarantees associated with these contracts, by product and guarantee type:


	December 31, 2015
($ in millions)	In the Event of Death		At Annuitization/ Accumulation		For Cumulative Periodic Withdrawals		Accumulation at Specified Dates
*Variable Annuity Contracts*
Separate account value	$	608.8	$	127.4	$	12.8	$	91.6
Net amount at risk	$	66.3	$	16.9	$	0.1	$	7.4
Average attained age of contractholders		61 years		N/A		N/A		N/A
Weighted average waiting period until guarantee date		N/A		None		N/A		5 years
*Variable Life, Variable Universal Life and Universal Life Contracts*
No Lapse Guarantees
Separate account value	$	307.3
General account value	$	3,639.6
Net amount at risk	$	84,370.9
Average attained age of contractholders		48 years

As of December 31, 2014, the Company had the following guarantees associated with these contracts, by product and guarantee type:


	December 31, 2014
($ in millions)	In the Event of Death		At Annuitization/ Accumulation		For Cumulative Periodic Withdrawals		Accumulation at Specified Dates
*Variable Annuity Contracts*
Separate account value	$	742.7	$	151.9	$	16.6	$	118.4
Net amount at risk	$	57.2	$	15.2	$	0.1	$	6.2
Average attained age of contractholders		60 years		N/A		N/A		N/A
Weighted average waiting period until guarantee date		N/A		None		N/A		6 years
*Variable Life, Variable Universal Life and Universal Life Contracts*
No Lapse Guarantees
Separate account value	$	325.1
General account value	$	3,518.3
Net amount at risk	$	89,942.8
Average attained age of contractholders		51 years

Liabilities for Guarantee Benefits

The table below summarizes the changes in general account liabilities for guarantees on variable contracts.


	GMDB		GMIB		GMWB/ GMAB		Secondary Guarantees
($ in thousands)	Variable Annuity		Variable Annuity		Variable Annuity		Interest- Sensitive Life and Fixed Annuities			Total
Predecessor
Net balance as of December 31, 2013	$	—	$	—	$	—	$	—		$	—
Plus reinsurance recoverable		8,444		8,743		9,444		281,771			308,402

Balance as of December 31, 2013	$	8,444	$	8,743	$	9,444	$	281,771		$	308,402

Less: reinsurance recoverable		8,444		8,743		9,444		281,771			308,402
Net balance as of December 31, 2013		—		—		—		—			—
Incurred guarantee benefits		—		—		—		—			—
Paid guarantee benefits		—		—		—		—			—

Net change		—		—		—		—			—
Net balance as of March 31, 2014		—		—		—		—			—
Plus reinsurance recoverable		8,057		7,122		8,499		293,704			317,382

Balance as of March 31, 2014	$	8,057	$	7,122	$	8,499	$	293,704		$	317,382



Successor
Balance as of April 1, 2014	$	8,057	$	7,122	$	8,499	$	552,163		$	575,841
Less: reinsurance recoverable		8,057		7,122		8,499		67,288			90,966

Net balance as of April 1, 2014		—		—		—		484,875			484,875
Incurred guarantee benefits		—		—		—		159,104			159,104
Paid guarantee benefits		—		—		—		(108,252	)		(108,252	)

Net change		—		—		—		50,852			50,852
Net balance as of December 31, 2014		—		—		—		535,727			535,727
Plus reinsurance recoverable		8,358		8,240		6,733		83,733			107,064

Balance as of December 31, 2014	$	8,358	$	8,240	$	6,733	$	619,460		$	642,791

Less: reinsurance recoverable		8,358		8,240		6,733		83,733			107,064

Net balance as of December 31, 2014		—		—		—		535,727			535,727
Incurred guarantee benefits		—		—		—		217,626			217,626
Paid guarantee benefits		—		—		—		(118,063	)		(118,063	)

Net change		—		—		—		99,563			99,563
Net balance as of December 31, 2015		—		—		—		635,290			635,290
Plus reinsurance recoverable		8,844		5,663		7,814		100,317			122,638

Balance as of December 31, 2015	$	8,844	$	5,663	$	7,814	$	735,607		$	757,928