Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Information About Domestic And Foreign Pre-Tax Income

Information about domestic and foreign pre-tax income as well as current and deferred tax expense follows:

	Years Ended December 31,
	2015		2014		2013
Pre-tax income:
Domestic	$	126,797	$	632,738	$	716,172
Foreign	74,384		111,399		73,527
Total pre-tax income	$	201,181	$	744,137	$	789,699

Components Of Income Tax Expense (Benefit)

	Years Ended December 31,
	2015			2014			2013
Current expense:
Federal & state	$	40,643		$	162,483		$	129,204
Foreign	22,851			46,593			35,188
Total current expense	63,494			209,076			164,392
Deferred expense (benefit):
Federal & state	173			72,645			131,336
Foreign	(4,041		)	(8,491		)	5,064
Total deferred (benefit) expense	(3,868		)	64,154			136,400
Total income tax expense	$	59,626		$	273,230		$	300,792

Reconciliation Of Federal Income Tax Rate

A reconciliation of the federal income tax rate to the Company’s effective income tax rate follows:

	December 31,
	2015		2014		2013
Federal income tax rate:	35.0	%	35.0	%	35.0	%
Reconciling items:
Non-taxable investment income	(6.8	)	(1.9	)	(1.7	)
Foreign earnings (a)	(5.2	)	(2.2	)	1.1
Non deductible compensation	9.1		3.8		3.4
Non deductible health insurer fee	6.9		1.1		—
Sale of subsidiary	(8.0	)	—		—
Other	(1.4	)	0.9		0.3
Effective income tax rate:	29.6	%	36.7	%	38.1	%

(a) Results for all years primarily include tax expense (benefit) associated with the earnings of certain non-U.S. subsidiaries that are deemed reinvested indefinitely and realization of foreign tax credits for certain other subsidiaries. In addition, 2015 reflects a 6.5% benefit related to a Latin American reorganization and 2014 reflects a 2.6% benefit related to the conversion of Canadian branch operations of certain U.S. companies to foreign corporate entities.

Summary Of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31, 2015, 2014 and 2013 is as follows:

	Years Ended December 31,
	2015			2014			2013
Balance at beginning of year	$	(6,262	)	$	(10,322	)	$	(11,515	)
Additions based on tax positions related to the current year	(30,712		)	(2,940		)	(309		)
Reductions based on tax positions related to the current year	102			581			995
Additions for tax positions of prior years	(2,128		)	(1,037		)	(1,090		)
Reductions for tax positions of prior years	1,990			2,495			959
Settlements	—			4,961			638
Balance at end of year	$	(37,010	)	$	(6,262	)	$	(10,322	)

Summary Of Deferred Tax Assets And Deferred Tax Liabilities

The tax effects of temporary differences that result in significant deferred tax assets and deferred tax liabilities are as follows:

	December 31,
	2015			2014
Deferred Tax Assets
Policyholder and separate account reserves	$	568,053		$	498,231
Accrued liabilities	32,257			23,183
Investments, net	140,785			168,061
Net operating loss carryforwards	40,479			50,103
Deferred gain on disposal of businesses	32,362			35,347
Compensation related	28,289			24,029
Employee and post-retirement benefits	115,904			111,716
Unearned fee income	50,931			55,765
Other	48,548			40,584
Total deferred tax asset	1,057,608			1,007,019
Less valuation allowance	(13,218		)	(18,164		)
Deferred tax assets, net of valuation allowance	1,044,390			988,855
Deferred Tax Liabilities
Deferred acquisition costs	(931,630		)	(867,212		)
Net unrealized appreciation on securities	(262,075		)	(435,375		)
Total deferred tax liability	(1,193,705		)	(1,302,587		)
Net deferred income tax liability	$	(149,315	)	$	(313,732	)

Summary Of Net Operating Loss Carryforwards

At December 31, 2015, the Company and its subsidiaries had $163,722 of net operating loss carryforwards in certain foreign subsidiaries that will expire if unused as follows:

Expiration Year	Amount
2016 - 2020	$	31,205
2021 - 2025	7,436
2026 - 2030	4,140
2031 - 2035	19,200
Unlimited	101,741
	$	163,722