OPERATING SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2012

OPERATING SEGMENTS

Summary of financial information for the Company's segments

	For The						For The
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011(4)			2012			2011(4)
	(Dollars In Thousands)
Revenues
Life Marketing	$	341,035		$	331,239		$	1,023,668		$	988,003
Acquisitions	251,550			273,066			812,355			715,960
Annuities	141,015			183,201			462,031			466,935
Stable Value Products	26,933			45,158			95,949			136,294
Asset Protection	72,492			71,289			216,163			208,969
Corporate and Other	59,766			35,428			142,981			163,084
Total revenues	$	892,791		$	939,381		$	2,753,147		$	2,679,245
Segment Operating Income (Loss)
Life Marketing	$	28,673		$	12,777		$	89,390		$	62,313
Acquisitions	46,155			44,028			128,869			115,848
Annuities	9,408			20,176			73,744			55,994
Stable Value Products	13,050			14,217			41,654			42,554
Asset Protection	4,150			6,164			15,595			18,701
Corporate and Other	(6,614		)	(3,815		)	(4,131		)	10,183
Total segment operating income	94,822			93,547			345,121			305,593
Realized investment gains (losses) - investments(1)(3)	120,745			120,653			191,294			172,096
Realized investment gains (losses) - derivatives(2)	(124,581		)	(91,914		)	(187,163		)	(130,095		)
Income tax expense	(30,506		)	(39,429		)	(113,596		)	(118,236		)
Net income available to PLC’s common shareowners	$	60,480		$	82,857		$	235,656		$	229,358
(1) Realized investment gains (losses) - investments	$	113,999		$	128,401		$	182,946		$	176,640
Less: related amortization of DAC/VOBA	(6,746		)	7,748			(8,348		)	4,544
	$	120,745		$	120,653		$	191,294		$	172,096
(2) Realized investment gains (losses) - derivatives	$	(134,222	)	$	(97,816	)	$	(212,399	)	$	(145,495	)
Less: VA GMWB economic cost	(9,641		)	(5,902		)	(25,236		)	(15,400		)
	$	(124,581	)	$	(91,914	)	$	(187,163	)	$	(130,095	)

(3) Includes other-than-temporary impairments of $8.5 million and $40.9 million for the three and nine months ended September 30, 2012, respectively, as compared to $9.8 million and $25.0 million for the three and nine months ended September 30, 2011, respectively.

(4)Annuity segment operating income changed due to changes the Company has made to the definition of segment operating income with regards to GMWB.

	Operating Segment Assets
	As of September 30, 2012
	(Dollars In Thousands)
	Life						Stable Value
	Marketing		Acquisitions		Annuities		Products
Investments and other assets	$	11,864,935	$	11,401,071	$	17,087,855	$	2,326,726
Deferred policy acquisition costs and value of business acquired	1,983,432		698,467		458,025		1,511
Goodwill	10,192		36,389		—		—
Total assets	$	13,858,559	$	12,135,927	$	17,545,880	$	2,328,237

	Asset		Corporate				Total
	Protection		and Other		Adjustments		Consolidated
Investments and other assets	$	788,781	$	9,105,885	$	19,285	$	52,594,538
Deferred policy acquisition costs and value of business acquired	65,611		1,181		—		3,208,227
Goodwill	62,671		83		—		109,335
Total assets	$	917,063	$	9,107,149	$	19,285	$	55,912,100

	Operating Segment Assets
	As of December 31, 2011
	(Dollars In Thousands)
	Life						Stable Value
	Marketing		Acquisitions		Annuities		Products
Investments and other assets	$	10,885,833	$	11,471,856	$	14,945,002	$	2,767,163
Deferred policy acquisition costs and value of business acquired	1,912,916		824,277		435,462		2,347
Goodwill	10,192		38,713		—		—
Total assets	$	12,808,941	$	12,334,846	$	15,380,464	$	2,769,510

	Asset		Corporate				Total
	Protection		and Other		Adjustments		Consolidated
Investments and other assets	$	727,417	$	7,964,907	$	21,491	$	48,783,669
Deferred policy acquisition costs and value of business acquired	71,427		1,612		—		3,248,041
Goodwill	62,671		83		—		111,659
Total assets	$	861,515	$	7,966,602	$	21,491	$	52,143,369