XML 16 R70.htm IDEA: XBRL DOCUMENT v2.4.0.6
INVESTMENT OPERATIONS (Details 4) (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Fair Value      
Less Than 12 Months $ 2,841,283,000 $ 3,448,912,000  
12 Months or More 1,266,387,000 2,632,489,000  
Total 4,107,670,000 6,081,401,000  
Unrealized Loss      
Less Than 12 Months (192,541,000) (132,350,000)  
12 Months or More (255,916,000) (249,357,000)  
Total (448,457,000) (381,707,000)  
Available-for-sale securities, fair value 25,357,321,000 22,287,072,000  
Available-for-sale securities, amortized cost 23,522,475,000 21,603,219,000  
Non-income producing investments 2,100,000    
Policy loans 879,819,000 793,448,000  
Interest rate on collateral loans on life insurance policies (as a percent) 13.64%    
Securities Lending      
Initial collateral as a percentage of market value of securities loaned 102.00%    
Other-than-temporary impairment recognized on certain collateral assets 1,300,000    
Minimum
     
Unrealized Loss      
Interest rate on standard policy loans (as a percent) 3.00%    
Maximum
     
Unrealized Loss      
Interest rate on standard policy loans (as a percent) 8.00%    
Below investment grade
     
Unrealized Loss      
Available-for-sale securities, fair value 1,700,000,000    
Available-for-sale securities, amortized cost 1,900,000,000    
Securities in trading portfolio 232,700,000    
Securities not publicly traded 357,900,000    
Fixed maturities
     
Unrealized Loss      
Available-for-sale securities, fair value 25,023,481,000 21,700,988,000  
Available-for-sale securities, amortized cost 23,177,993,000 21,026,942,000  
Securities in trading portfolio 3,000,000,000 3,000,000,000  
Change in unrealized gains (losses), net of income tax 761,437,000 696,758,000 1,686,669,000
Residential mortgage-backed securities
     
Fair Value      
Less Than 12 Months 277,858,000 209,113,000  
12 Months or More 527,120,000 1,143,254,000  
Total 804,978,000 1,352,367,000  
Unrealized Loss      
Less Than 12 Months (15,447,000) (3,165,000)  
12 Months or More (70,595,000) (109,886,000)  
Total (86,042,000) (113,051,000)  
Available-for-sale securities, fair value 2,342,130,000 2,489,126,000  
Available-for-sale securities, amortized cost 2,345,578,000 2,552,207,000  
Commercial mortgage-backed securities
     
Fair Value      
Less Than 12 Months 78,892,000 25,679,000  
Total 78,892,000 25,679,000  
Unrealized Loss      
Less Than 12 Months (4,229,000) (933,000)  
Total (4,229,000) (933,000)  
Available-for-sale securities, fair value 551,559,000 175,026,000  
Available-for-sale securities, amortized cost 531,322,000 169,530,000  
Other asset-backed securities
     
Fair Value      
Less Than 12 Months 531,653,000 195,426,000  
12 Months or More 190,639,000 625,043,000  
Total 722,292,000 820,469,000  
Unrealized Loss      
Less Than 12 Months (32,074,000) (17,164,000)  
12 Months or More (58,824,000) (42,660,000)  
Total (90,898,000) (59,824,000)  
Percentage of underlying collateral of student-loan backed auction rate securities guaranteed by the Federal Family Education Loan Program ("FFELP"), minimum (as a percent) 97.00% 97.00%  
Available-for-sale securities, fair value 913,029,000 907,391,000  
Available-for-sale securities, amortized cost 997,398,000 966,536,000  
U.S. government-related securities
     
Fair Value      
Less Than 12 Months 21,311,000 138,499,000  
Total 21,311,000 138,499,000  
Unrealized Loss      
Less Than 12 Months (58,000) (2,881,000)  
Total (58,000) (2,881,000)  
Available-for-sale securities, fair value 1,215,679,000 1,167,595,000  
Available-for-sale securities, amortized cost 1,150,525,000 1,136,477,000  
Other government-related securities
     
Fair Value      
Less Than 12 Months   33,936,000  
12 Months or More   14,993,000  
Total   48,929,000  
Unrealized Loss      
Less Than 12 Months   (8,000)  
12 Months or More   (7,000)  
Total   (15,000)  
Available-for-sale securities, fair value 93,017,000 201,207,000  
Available-for-sale securities, amortized cost 88,058,000 195,478,000  
States, municipals, and political subdivisions
     
Fair Value      
Less Than 12 Months   569,660,000  
Total   569,660,000  
Unrealized Loss      
Less Than 12 Months   (22,535,000)  
Total   (22,535,000)  
Available-for-sale securities, fair value 1,327,782,000 969,611,000  
Available-for-sale securities, amortized cost 1,154,374,000 983,392,000  
Corporate bonds
     
Fair Value      
Less Than 12 Months 1,880,931,000 2,264,649,000  
12 Months or More 526,333,000 835,655,000  
Total 2,407,264,000 3,100,304,000  
Unrealized Loss      
Less Than 12 Months (132,297,000) (82,343,000)  
12 Months or More (118,298,000) (94,843,000)  
Total (250,595,000) (177,186,000)  
Available-for-sale securities, fair value 18,580,285,000 15,791,032,000  
Available-for-sale securities, amortized cost 16,910,738,000 15,023,322,000  
Equity securities
     
Fair Value      
Less Than 12 Months 50,638,000 11,950,000  
12 Months or More 22,295,000 13,544,000  
Total 72,933,000 25,494,000  
Unrealized Loss      
Less Than 12 Months (8,436,000) (3,321,000)  
12 Months or More (8,199,000) (1,961,000)  
Total (16,635,000) (5,282,000)  
Available-for-sale securities, fair value 318,191,000 347,547,000  
Available-for-sale securities, amortized cost 328,833,000 337,740,000  
Securities in trading portfolio 17,000,000 11,900,000  
Change in unrealized gains (losses), net of income tax $ (13,292,000) $ 9,701,000 $ 33,067,000