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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Investments:    
Fixed-maturity securities available for sale, at fair value (amortized cost: $1,811,359 in 2011 and $1,929,757 in 2010) $ 1,959,156 $ 2,081,361
Equity securities available for sale, at fair value (cost: $21,329 in 2011 and $17,394 in 2010) 26,712 23,213
Trading securities, at fair value (cost: $9,793 in 2011 and $22,619 in 2010) 9,640 22,767
Policy loans 25,982 26,229
Other invested assets 14 14
Total investments 2,021,504 2,153,584
Cash and cash equivalents 136,078 126,038
Accrued investment income 21,579 22,328
Due from reinsurers 3,855,890 3,731,634
Deferred policy acquisition costs, net 1,050,637 853,211
Premiums and other receivables 163,845 168,026
Intangible assets 71,928 75,357
Other assets 268,485 307,342
Separate account assets 2,408,598 2,446,786
Total assets 9,998,544 9,884,306
Liabilities:    
Future policy benefits 4,614,860 4,409,183
Unearned premiums 7,022 5,563
Policy claims and other benefits payable 241,754 229,895
Other policyholders’ funds 340,766 357,253
Note payable 300,000 300,000
Current income tax payable 33,177 43,224
Deferred income taxes 98,300 93,002
Other liabilities 382,068 386,182
Payable under securities lending 149,358 181,726
Separate account liabilities 2,408,598 2,446,786
Commitments and contingent liabilities (see Note 16)      
Total liabilities 8,575,903 8,452,814
Stockholders’ equity:    
Common stock of $.01 par value. Authorized 500,000 in 2011 and 2010 and issued 64,883 shares in 2011 and 72,843 shares in 2010 649 728
Paid-in capital 707,912 883,168
Retained earnings 566,021 395,057
Accumulated other comprehensive income, net of income tax:    
Unrealized foreign currency translation gains 52,642 56,492
Net unrealized investment gains (losses):    
Net unrealized investment gains not other-than-temporarily impaired 97,082 98,322
Net unrealized investment losses other-than-temporarily impaired (1,665) (2,275)
Total stockholders’ equity 1,422,641 1,431,492
Total liabilities and stockholders’ equity $ 9,998,544 $ 9,884,306