ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

3 Months Ended

Mar. 31, 2014

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Summary of changes in the accumulated balances for each component of accumulated other comprehensive income (loss)

										Total
										Accumulated
	Unrealized			Accumulated			Minimum			Other
	Gains and Losses			Gain and Loss			Pension Liability			Comprehensive
	on Investments(2)			Derivatives			Adjustment			Income (Loss)
	(Dollars In Thousands, Net of Tax)
Beginning Balance, December 31, 2013	$	539,003		$	(1,235	)	$	(43,702	)	$	494,066
Other comprehensive income (loss) before reclassifications	482,093			587			(1,173		)	481,507
Other comprehensive income (loss) relating to other- than-temporary impaired investments for which a portion has been recognized in earnings	4,511			—			—			4,511
Amounts reclassified from accumulated other comprehensive income (loss)(1)	(3,756		)	436			—			(3,320		)
Net current-period other comprehensive income (loss)	482,848			1,023			(1,173		)	482,698
Ending Balance, March 31, 2014	$	1,021,851		$	(212	)	$	(44,875	)	$	976,764

(1) See Reclassification table below for details.

(2) These balances were offset by the impact of DAC and VOBA by $198.1 million and $316.2 million as of December 31, 2013 and March 31, 2014, respectively.

										Total
										Accumulated
	Unrealized			Accumulated			Minimum			Other
	Gains and Losses			Gain and Loss			Pension Liability			Comprehensive
	on Investments(2)			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	(1,250,498		)	734			29,596			(1,220,168		)
Other comprehensive income (loss) relating to other- than-temporary impaired investments for which a portion has been recognized in earnings	4,591			—			—			4,591
Amounts reclassified from accumulated other comprehensive income (loss)(1)	(28,606		)	1,527			—			(27,079		)
Net current-period other comprehensive income (loss)	(1,274,513		)	2,261			29,596			(1,242,656		)
Ending Balance, December 31, 2013	$	539,003		$	(1,235	)	$	(43,702	)	$	494,066

(1) See Reclassification table below for details.

(2) These balances were offset by the impact of DAC and VOBA by $204.9 million and $198.1 million as of December 31, 2012 and 2013, respectively.

Schedule of reclassifications amounts out of AOCI

	Amount
	Reclassified
	from Accumulated
	Other Comprehensive			Affected Line Item in the
	Income (Loss)			Consolidated Condensed Statements of Income
	(Dollars In Thousands)
For The Three Months Ended March 31, 2014
Gains and losses on derivative instruments
Net settlement (expense)/benefit(1)	$	(670	)	Benefits and settlement expenses, net of reinsurance ceded
	(670		)	Total before tax
	234			Tax benefit
	$	(436	)	Net of tax
Unrealized gains and losses on available-for-sale securities
Net investment gains/losses	$	7,370		Realized investment gains (losses): All other investments
Impairments recognized in earnings	(1,591		)	Net impairment losses recognized in earnings
	5,779			Total before tax
	(2,023		)	Tax expense
	$	3,756		Net of tax

(1) See Note 16, Derivative Financial Instruments for additional information.

	Amount
	Reclassified
	from Accumulated
	Other Comprehensive			Affected Line Item in the
	Income (Loss)			Consolidated Condensed Statements of Income
	(Dollars In Thousands)
For The Three Months Ended March 31, 2013
Gains and losses on derivative instruments
Net settlement (expense)/benefit(1)	$	(497	)	Benefits and settlement expenses, net of reinsurance ceded
	(497		)	Total before tax
	174			Tax benefit
	$	(323	)	Net of tax
Unrealized gains and losses on available-for-sale securities
Net investment gains/losses	$	12,310		Realized investment gains (losses): All other investments
Impairments recognized in earnings	(4,584		)	Net impairment losses recognized in earnings
	7,726			Total before tax
	(2,704		)	Tax expense
	$	5,022		Net of tax

(1) See Note 16, Derivative Financial Instruments for additional information.