OPERATING SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2011

OPERATING SEGMENTS

Summary of financial information for the Company's segments

	For The						For The
	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2011			2010			2011			2010
	(Dollars In Thousands)
Revenues
Life Marketing	$	326,427		$	298,128		$	656,764		$	607,132
Acquisitions	242,771			177,579			442,894			376,296
Annuities	153,602			85,475			283,734			226,055
Stable Value Products	46,421			37,273			91,136			85,229
Asset Protection	69,777			67,769			137,680			134,200
Corporate and Other	63,786			45,878			127,656			74,960
Total revenues	$	902,784		$	712,102		$	1,739,864		$	1,503,872
Segment Operating Income (Loss)
Life Marketing	$	33,704		$	35,755		$	59,943		$	76,433
Acquisitions	39,429			30,190			71,820			61,559
Annuities	24,375			605			37,460			18,792
Stable Value Products	19,142			10,979			28,337			22,006
Asset Protection	5,530			6,616			12,072			19,683
Corporate and Other	3,977			377			13,998			(15,755		)
Total segment operating income	126,157			84,522			223,630			182,718
Realized investment (losses) gains - investments(1)(3)	49,617			50,578			47,493			86,394
Realized investment (losses) gains - derivatives(2)	(32,797		)	(70,513		)	(24,000		)	(103,176		)
Income tax expense	(49,909		)	(23,216		)	(86,538		)	(54,786		)
Net income available to PLC’s common shareowners	$	93,068		$	41,371		$	160,585		$	111,150
(1) Realized investment (losses) gains - investments	$	49,430		$	50,906		$	48,239		$	86,936
Less: related amortization of DAC/VOBA	(187		)	328			746			542
	$	49,617		$	50,578		$	47,493		$	86,394
(2) Realized investment gains (losses) - derivatives	$	(34,993	)	$	(119,888	)	$	(47,679	)	$	(142,960	)
Less: settlements on certain interest rate swaps	—			42			—			84
Less: derivative activity related to certain annuities	(2,196		)	(49,417		)	(23,679		)	(39,868		)
	$	(32,797	)	$	(70,513	)	$	(24,000	)	$	(103,176	)

(3)Includes other-than-temporary impairments of $9.5 million and $15.2 million for the three and six months ended June 30, 2011, respectively, and $16.8 million and $28.7 million for the three and six months ended June 30, 2010, respectively.

	Operating Segment Assets
	As of June 30, 2011
	(Dollars In Thousands)
	Life						Stable Value
	Marketing		Acquisitions		Annuities		Products
Investments and other assets	$	10,165,308	$	11,677,513	$	14,140,861	$	2,562,165
Deferred policy acquisition costs and value of business acquired	2,532,898		892,883		518,129		3,070
Goodwill	10,192		40,263		—		—
Total assets	$	12,708,398	$	12,610,659	$	14,658,990	$	2,565,235

	Asset		Corporate				Total
	Protection		and Other		Adjustments		Consolidated
Investments and other assets	$	698,051	$	7,580,311	$	21,979	$	46,846,188
Deferred policy acquisition costs and value of business acquired	78,192		3,280		—		4,028,452
Goodwill	62,671		83		—		113,209
Total assets	$	838,914	$	7,583,674	$	21,979	$	50,987,849

	Operating Segment Assets
	As of December 31, 2010
	(Dollars In Thousands)
	Life						Stable Value
	Marketing		Acquisitions		Annuities		Products
Investments and other assets	$	9,623,991	$	10,270,540	$	12,603,533	$	3,069,330
Deferred policy acquisition costs and value of business acquired	2,475,621		810,681		471,163		6,903
Goodwill	10,192		41,812		—		—
Total assets	$	12,109,804	$	11,123,033	$	13,074,696	$	3,076,233

	Asset		Corporate				Total
	Protection		and Other		Adjustments		Consolidated
Investments and other assets	$	691,973	$	7,313,232	$	23,686	$	43,596,285
Deferred policy acquisition costs and value of business acquired	83,878		3,497		—		3,851,743
Goodwill	62,671		83		—		114,758
Total assets	$	838,522	$	7,316,812	$	23,686	$	47,562,786