XML 91 R21.htm IDEA: XBRL DOCUMENT v2.4.1.9
Subsequent Event Subsequent Event
3 Months Ended
Mar. 31, 2015
Subsequent Events [Abstract]  
Subsequent Events [Text Block]
Subsequent Event
On April 1, 2015, the Company completed the acquisition of 100% of Aurora National Life Assurance Company’s stock (“Aurora”) from Swiss Re Life & Health America, Inc. (“Swiss Re”) pursuant to the stock purchase agreement dated October 20, 2014 between the Company and Swiss Re. The purchase price was approximately $200.0 million and represented approximately $3.7 billion of assets and $3.5 billion of liabilities subject to confirmation and customary post-closing adjustments. There is no goodwill, including tax deductible goodwill, associated with the acquisition. The aggregate purchase price will be subject to the customary post-closing adjustments within 90 days of the closing date. The business acquired will be managed by the U.S. and Latin America traditional and non-traditional segments.