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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
Premiums and policy fees $ 653,664 $ 681,324 $ 2,129,616 $ 2,081,442
Reinsurance ceded (277,628) (311,862) (1,000,245) (944,276)
Net of reinsurance ceded 376,036 369,462 1,129,371 1,137,166
Net investment income 434,772 446,374 1,320,848 1,328,554
Realized investment gains (losses):        
Derivative financial instruments 32,212 (116,663) 102,410 (194,340)
All other investments (19,268) 122,476 (133,741) 225,838
Other-than-temporary impairment losses (6,635) (3,402) (9,764) (51,083)
Portion recognized in other comprehensive income (before taxes) (2,046) (5,097) (7,501) 10,546
Net impairment losses recognized in earnings (8,681) (8,499) (17,265) (40,537)
Other income 65,523 51,046 180,595 176,309
Total revenues 880,594 864,196 2,582,218 2,632,990
Benefits and expenses        
Benefits and settlement expenses, net of reinsurance ceded: (three months: 2013 - $203,361; 2012 - $307,158; nine months: 2013 - $882,203; 2012 - $896,946) 622,910 627,993 1,759,780 1,780,416
Amortization of deferred policy acquisition costs and value of business acquired 17,388 11,189 117,115 129,026
Other operating expenses, net of reinsurance ceded: (three months: 2013 - $48,371; 2012 - $47,505; nine months: 2013 - $141,136; 2012 - $142,187) 126,941 118,325 403,227 358,726
Total benefits and expenses 767,239 757,507 2,280,122 2,268,168
Income before income tax 113,355 106,689 302,096 364,822
Income tax expense 37,107 35,778 98,966 116,428
Net income $ 76,248 $ 70,911 $ 203,130 $ 248,394