XML 33 R13.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Federal Income Taxes
6 Months Ended
Jun. 30, 2011
Notes to Financial Statements [Abstract]  
Federal Income Taxes

7. Federal Income Taxes

 

The effective tax rate is a ratio of tax expense over pre-tax income (loss). The effective tax rate was 26% and 27% for the three and six months ended June 30, 2011, respectively. The effective tax rate was 24% and 25% for the three and six months ended June 30, 2010, respectively. The effective tax rate on pre-tax income (loss) from continuing operations was lower than the prevailing corporate federal income tax rate. Differences in the effective rates and the U.S. statutory rate of 35% were the result of certain tax preferred investment income, separate account dividends-received deduction, foreign tax credits and other tax preference items.