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Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Premiums $ 119.4 $ 115.5 $ 240.3 $ 234.5
Net investment income 312.2 297.1 622.2 584.0
Policy fees, contract charges, and other 45.9 41.8 90.6 82.3
Net realized investment gains (losses):        
Total other-than-temporary impairment losses on securities (3.1) (2.7) (4.0) (20.6)
Less: portion of losses recognized in other comprehensive income 0.3 1.2 0.3 9.4
Net impairment losses recognized in earnings (2.8) (1.5) (3.7) (11.2)
Other net realized investment gains (losses) 16.9 (8.5) 33.4 8.0
Total net realized investment gains (losses) 14.1 (10.0) 29.7 (3.2)
Total revenues 491.6 444.4 982.8 897.6
Benefits and expenses:        
Policyholder benefits and claims 83.7 83.3 176.0 169.5
Interest credited 225.1 221.5 453.4 440.0
Other underwriting and operating expenses 70.5 64.2 136.5 123.8
Interest expense 8.0 7.9 16.0 15.9
Amortization of deferred policy acquisition costs 20.0 17.0 40.1 32.4
Total benefits and expenses 407.3 393.9 822.0 781.6
Income from operations before income taxes 84.3 50.5 160.8 116.0
Provision (benefit) for income taxes:        
Current 31.1 17.4 42.3 27.3
Deferred (6.2) (2.7) 4.2 6.6
Total provision for income taxes 24.9 14.7 46.5 33.9
Net income $ 59.4 $ 35.8 $ 114.3 $ 82.1
Net income per common share:        
Basic $ 0.43 $ 0.26 $ 0.83 $ 0.61
Diluted $ 0.43 $ 0.26 $ 0.83 $ 0.61
Weighted-average number of common shares outstanding:        
Basic 137,523 137,019 137,408 134,035
Diluted 137,532 137,038 137,417 134,056
Cash dividends declared per common share $ 0.06 $ 0.05 $ 0.11 $ 0.05