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SIGNIFICANT ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2011
SIGNIFICANT ACQUISITIONS  
Summary of fair values of the net assets acquired from the Liberty Life reinsurance transaction

 

 

 
   Fair Value as of
April 29, 2011 		 
 
   (Dollars In Thousands)
  

ASSETS

        

Investments

   $ 1,768,297  

Cash

     35,959  

Accrued investment income

     154  

Accounts and premiums receivable, net

     877  

Reinsurance receivable

     9,511  

Value of business acquired

     135,876  

Other assets

     1  
       

Total assets

     1,950,675  

LIABILITIES

        

Policy liabilities and accrual

     1,665,294  

Annuity account balances

     4,420  

Other policyholders' funds

     24,977  

Other liabilities

     30,834  
       

Total liabilities

     1,725,525  

NET ASSETS ACQUIRED

  
$
225,150		  
       
Schedule of pro forma condensed consolidated results of operations

 

 

 
   Unaudited
For The Year Ended
December 31, 		 
 
   2011   2010  
 
   (Dollars In Thousands)
  

Revenue

   $ 3,648,971 (1) $ 3,482,514  

Net income

   $ 316,429 (2) $ 272,436  

EPS—basic

   $ 3.71   $ 3.15  

EPS—diluted

   $ 3.66   $ 3.11  
(1)
Includes $175.9 million and $105.9 million of total revenue for Liberty Life and United Investors, respectively, since the transaction date for the year ended December 31, 2011.

(2)
Includes $38.2 million and $24.3 million of pre-tax income for Liberty Life and United Investors, respectively, since the transaction date for the year ended December 31, 2011.