ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Sep. 30, 2013

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

10.          ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes the changes in the accumulated balances for each component of accumulated other comprehensive income (loss) (“AOCI”) as of September 30, 2013.

Changes in Accumulated Other Comprehensive Income (Loss) by Component

										Total
										Accumulated
	Unrealized			Accumulated			Minimum			Other
	Gains and Losses			Gain and Loss			Pension Liability			Comprehensive
	on Investments			Derivatives			Adjustment			Income (Loss)
	(Dollars In Thousands, Net of Tax)
Beginning Balance, December 31, 2012	$	1,813,516		$	(3,496	)	$	(73,298	)	$	1,736,722
Other comprehensive income (loss) before reclassifications	(1,191,416		)	(103		)	(5,136		)	(1,196,655		)
Other comprehensive income (loss) relating to other- than-temporary impaired investments for which a portion has been recognized in earnings	2,570			—			—			2,570
Amounts reclassified from accumulated other comprehensive income (loss)(1)	(17,621		)	1,072			—			(16,549		)
Net current-period other comprehensive income (loss)	(1,206,467		)	969			(5,136		)	(1,210,634		)
Ending Balance, September 30, 2013	$	607,049		$	(2,527	)	$	(78,434	)	$	526,088

(1) See Reclassification table below for details.

The following table summarizes the reclassifications amounts out of AOCI for the three and nine months ended September 30, 2013.

Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

	Amount
	Reclassified
	from Accumulated
	Other Comprehensive			Affected Line Item in the
	Income (Loss)			Consolidated Condensed Statements of Income
	(Dollars In Thousands)
Accumulated Other Comprehensive Income (Loss) Components
For The Three Months Ended September 30, 2013
Gains and losses on derivative instruments
Net settlement (expense)/benefit(1)	$	(572	)	Benefits and settlement expenses, net of reinsurance ceded
	(572		)	Total before tax
	200			Tax (expense) or benefit
	$	(372	)	Net of tax
Unrealized gains and losses on available-for-sale securities
Net investment gains/losses	$	10,546		Realized investment gains (losses): All other investments
Impairments recognized in earnings	(8,681		)	Net impairment losses recognized in earnings
	1,865			Total before tax
	(653		)	Tax (expense) or benefit
	$	1,212		Net of tax

(1) See Note 14, Derivative Financial Instruments for additional information.

Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

	Amount
	Reclassified
	from Accumulated
	Other Comprehensive			Affected Line Item in the
	Income (Loss)			Consolidated Condensed Statements of Income
	(Dollars In Thousands)
Accumulated Other Comprehensive Income (Loss) Components
For The Nine Months Ended September 30, 2013
Gains and losses on derivative instruments
Net settlement (expense)/benefit(1)	$	(1,649	)	Benefits and settlement expenses, net of reinsurance ceded
	(1,649		)	Total before tax
	577			Tax (expense) or benefit
	$	(1,072	)	Net of tax
Unrealized gains and losses on available-for-sale securities
Net investment gains/losses	$	44,374		Realized investment gains (losses): All other investments
Impairments recognized in earnings	(17,265		)	Net impairment losses recognized in earnings
	27,109			Total before tax
	(9,488		)	Tax (expense) or benefit
	$	17,621		Net of tax

(1) See Note 14, Derivative Financial Instruments for additional information.