Certain Nontraditional Long-Duration Contracts - Successor (Tables)

12 Months Ended

Dec. 31, 2016

Summary of Variable Annuity Contracts

As of December 31, 2016 and 2015, the Company had the following guarantees associated with these contracts, by product and guarantee type:

	December 31, 2016
($ in millions)	In the Event of Death		At Annuitization/ Accumulation		For Cumulative Periodic Withdrawals		Accumulation at Specified Dates
Variable Annuity Contracts
Separate account value	$	543.1	$	116.5	$	10.9	$	75.8
Net amount at risk	$	57.5	$	15.8	$	0.1	$	6.2
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	$	348.0
General account value	$	3,684.1
Net amount at risk	$	77,609.0
Average attained age of contractholders		49 years

	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

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	$	557,654		$	581,332
Less: reinsurance recoverable		8,057		7,122		8,499		67,288			90,966
Net balance as of April 1, 2014		—		—		—		490,366			490,366
Incurred guarantee benefits		—		—		—		159,314			159,314
Paid guarantee benefits		—		—		—		(108,252	)		(108,252	)
Net change		—		—		—		51,062			51,062
Net balance as of December 31, 2014		—		—		—		541,428			541,428
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	$	625,161		$	648,492
Less: reinsurance recoverable		8,358		8,240		6,733		83,733			107,064
Net balance as of April 1, 2014		—		—		—		541,428			541,428
Incurred guarantee benefits		—		—		—		217,603			217,603
Paid guarantee benefits		—		—		—		(118,063	)		(118,063	)
Net change		—		—		—		99,540			99,540
Net balance as of December 31, 2015		—		—		—		640,968			640,968
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	$	741,285		$	763,606
Less: reinsurance recoverable		8,844		5,663		7,814		100,317			122,638
Net balance as of December 31, 2015		—		—		—		640,968			640,968
Incurred guarantee benefits		—		—		—		316,344			316,344
Paid guarantee benefits		—		—		—		(156,067	)		(156,067	)
Net change		—		—		—		160,277			160,277
Net balance as of December 31, 2016		—		—		—		801,245			801,245
Plus reinsurance recoverable		8,626		3,440		6,835		122,608			141,509
Balance as of December 31, 2016	$	8,626	$	3,440	$	6,835	$	923,853		$	942,754