Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2011

Other Comprehensive Income (Loss) [Abstract]

Other Comprehensive Income (Loss)

Note 11: Other Comprehensive Income (Loss)

The changes in the components of other comprehensive income (loss) are reported net of the effects of income taxes of 35% in 2011, 2010 and 2009, as indicated below.

	Amount			Tax Effect			Amount
	(In thousands)
Year ended December 31, 2011
Unrealized gains (losses) on securities:
Unrealized holding gains (losses) arising during the period	$	30,474			(10,666	)		19,808
Reclassification adjustment for (gains) losses included in net income		(1,277	)		447			(830	)
Effects on DAC and CCRA		(885	)		310			(575	)
Change in tax valuation allowance		-			(570	)		(570	)
Other comprehensive income	$	28,312			(10,479	)		17,833
Year ended December 31, 2010
Unrealized gains (losses) on securities:
Unrealized holding gains (losses) arising during the period	$	4,891			(1,712	)		3,179
Reclassification adjustment for (gains) losses included  in net income		(8,067	)		2,824			(5,243	)
Effects on DAC and CCRA		(45	)		15			(30	)
Change in tax valuation allowance		-			(1,858	)		(1,858	)
Other comprehensive loss	$	(3,221	)		(731	)		(3,952	)
Year ended December 31, 2009
Unrealized gains (losses) on securities:
Unrealized holding gains (losses) arising during the period	$	20,449			(7,158	)		13,291
Reclassification adjustment for (gains) losses included  in net income		(7,701	)		2,695			(5,006	)
Effects on DAC and CCRA		24			(8	)		16
Change in tax valuation allowance		-			2,701			2,701
Other comprehensive income	$	12,772			(1,770	)		11,002