CERTAIN NONTRADITIONAL LONG-DURATION CONTRACTS (Tables)

12 Months Ended

Dec. 31, 2011

CERTAIN NONTRADITIONAL LONG-DURATION CONTRACTS

Schedule of activity relating to GMDB reserves (excluding those 100% reinsured under the Modco agreement)

	For The Year Ended December 31,
	2011		2010		2009
	(Dollars In Thousands)
Beginning balance	$	6,412	$	342	$	1,205
Incurred guarantee benefits		7,171		11,799		10,193
Less: Paid guarantee benefits		3,785		5,729		11,056
Ending balance	$	9,798	$	6,412	$	342

Schedule of account balances of variable annuities with guarantees invested in variable annuity separate accounts

	As of December 31,
	2011		2010
	(Dollars In Thousands)
Equity mutual funds	$	3,972,729	$	3,149,445
Fixed income mutual funds		2,185,654		1,279,639
Total	$	6,158,383	$	4,429,084

Schedule of activity in the Company's deferred sales inducement asset

	For The Year Ended December 31,
	2011			2010			2009
	(Dollars In Thousands)
Deferred asset, beginning of period	$	112,147		$	116,298		$	99,132
Amounts deferred		29,472			25,587			24,506
Amortization		(16,092	)		(29,738	)		(7,340	)
Deferred asset, end of period	$	125,527		$	112,147		$	116,298