OPERATING SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2014

OPERATING SEGMENTS

Summary of financial information for the Company's segments

	For The Three Months Ended March 31,
	2014			2013
	(Dollars In Thousands)
Revenues
Life Marketing	$	384,766		$	367,626
Acquisitions	426,948			250,487
Annuities	144,657			164,929
Stable Value Products	27,819			31,920
Asset Protection	66,383			67,571
Corporate and Other	39,985			50,281
Total revenues	$	1,090,558		$	932,814
Segment Operating Income (Loss)
Life Marketing	$	23,485		$	23,707
Acquisitions	60,996			34,377
Annuities	51,643			43,398
Stable Value Products	17,397			17,844
Asset Protection	6,369			6,081
Corporate and Other	(14,855		)	(18,332		)
Total segment operating income	145,035			107,075
Realized investment (losses) gains - investments(1)	68,533			(9,756		)
Realized investment (losses) gains - derivatives	(88,363		)	20,308
Income tax expense	(41,566		)	(39,336		)
Net income	$	83,639		$	78,291
(2)Investment gains (losses)	$	70,523		$	(8,729	)
Less: amortization related to DAC/VOBA and benefits and settlement expenses	1,990			1,027
Realized investment gains (losses) - investments	$	68,533		$	(9,756	)
(3)Derivative gains (losses)	$	(105,350	)	$	7,385
Less: VA GMWB economic cost	(16,987		)	(12,923		)
Realized investment gains (losses) - derivatives	$	(88,363	)	$	20,308

(1) Includes credit related other-than-temporary impairments of $1.6 million and $4.6 million for the three months ended

 March 31, 2014 and 2013, respectively.

(2) Includes realized investment gains (losses) before related amortization.

(3) Includes realized gains (losses) on derivatives before the VA GMWB economic cost.

	Operating Segment Assets
	As of March 31, 2014
	(Dollars In Thousands)
	Life						Stable Value
	Marketing		Acquisitions		Annuities		Products
Investments and other assets	$	13,386,623	$	20,154,237	$	20,296,900	$	2,536,603
Deferred policy acquisition costs and value of business acquired	2,013,199		711,429		633,074		901
Goodwill	10,192		31,742		—		—
Total assets	$	15,410,014	$	20,897,408	$	20,929,974	$	2,537,504

	Asset		Corporate				Total
	Protection		and Other		Adjustments		Consolidated
Investments and other assets	$	866,113	$	9,264,394	$	16,158	$	66,521,028
Deferred policy acquisition costs and value of business acquired	46,104		552		—		3,405,259
Goodwill	62,671		83		—		104,688
Total assets	$	974,888	$	9,265,029	$	16,158	$	70,030,975

	Operating Segment Assets
	As of December 31, 2013
	(Dollars In Thousands)
	Life						Stable Value
	Marketing		Acquisitions		Annuities		Products
Investments and other assets	$	13,135,914	$	20,201,081	$	19,974,246	$	2,558,551
Deferred policy acquisition costs and value of business acquired	2,071,470		813,239		647,485		1,001
Goodwill	10,192		32,517		—		—
Total assets	$	15,217,576	$	21,046,837	$	20,621,731	$	2,559,552

	Asset		Corporate				Total
	Protection		and Other		Adjustments		Consolidated
Investments and other assets	$	852,273	$	8,355,618	$	16,762	$	65,094,445
Deferred policy acquisition costs and value of business acquired	50,358		646		—		3,584,199
Goodwill	62,671		83		—		105,463
Total assets	$	965,302	$	8,356,347	$	16,762	$	68,784,107