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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, 2016
Dec. 31, 2015
Revenues        
Premiums earned   $ 20,384 $ 16,592 $ 8,841
Fee income from policyholders   259,169 346,027 353,932
Net investment income   288,571 397,083 398,931
Realized investment gains, net   46,092 73,720 113,538
Total revenues   614,216 833,422 875,242
Expenses        
Policyholders' benefits   216,543 449,118 351,744
Return credited to policyholders' account balances   256,703 269,488 301,079
Operating and acquisition expenses   96,050 68,716 93,671
Total expenses   569,296 787,322 746,494
Income before federal income tax   44,920 46,100 128,748
Federal income tax expense (benefit)        
Current     17,121 22,528
Deferred   14,234 (2,474) 23,566
Total income tax expense   14,234 14,647 46,094
NET INCOME   30,686 31,453 82,654
Net unrealized investment gains (losses):        
Unrealized investment gains (losses) for the period   131,433 100,439 (290,511)
Reclassification adjustment for gains (losses) included in net income     (81,920) 79,023
Net unrealized investment gains (losses)   131,433 182,359 (369,534)
Less: Income tax (benefit) related to:        
Unrealized investment gains (losses) for the period   45,935 35,156 (101,679)
Reclassification adjustment for (gains) losses included in net income     28,672 (27,658)
Net unrealized investment gains (losses)   45,935 63,828 (129,337)
Other comprehensive (loss) income   85,498 118,531 (240,197)
Comprehensive (loss) income   $ 116,184 $ 149,984 $ (157,543)
Predecessor        
Revenues        
Net investment income $ 2,350      
Realized investment gains, net 285      
Total revenues 2,635      
Expenses        
Income before federal income tax 2,635      
Federal income tax expense (benefit)        
Current 914      
Deferred 8      
Total income tax expense 922      
NET INCOME 1,713      
Net unrealized investment gains (losses):        
Unrealized investment gains (losses) for the period 2,364      
Reclassification adjustment for gains (losses) included in net income 285      
Net unrealized investment gains (losses) 2,079      
Less: Income tax (benefit) related to:        
Unrealized investment gains (losses) for the period 828      
Reclassification adjustment for (gains) losses included in net income (100)      
Net unrealized investment gains (losses) 728      
Other comprehensive (loss) income 1,351      
Comprehensive (loss) income $ 3,064