Segment and Other Operating Information (Tables)

6 Months Ended

Jun. 30, 2012

Segment Reporting [Abstract]

Summary of Segment Information, by Quarter

A summary of segment information for the quarters ended June 30, 2012 and 2011 is provided below.

Selected Segment Information:
	Domestic Life Insurance		International  Life Insurance	Annuities		All  Others	Totals
				(In thousands)
June 30, 2012
Selected Condensed Consolidated Balance Sheet Items:
Deferred policy acquisition costs and sales inducements	$	35,681	229,034	595,865		—	860,580
Total segment assets	430,613		1,062,917	8,149,053		228,674	9,871,257
Future policy benefits	367,968		795,992	7,152,771		—	8,316,731
Other policyholder liabilities	11,899		13,710	128,496			154,105
Three Months Ended
June 30, 2012
Condensed Consolidated Income Statements:
Premiums and contract revenues	$	4,280	32,115	5,162		—	41,557
Net investment income	3,991		7,315	61,875		5,000	78,181
Other revenues	45		314	(260	)	5,767	5,866
Total revenues	8,316		39,744	66,777		10,767	125,604
Life and other policy benefits	1,620		6,315	5,922		—	13,857
Amortization of deferred acquisition costs	2,068		7,757	21,524		—	31,349
Universal life and annuity contract interest	1,230		6,431	18,343		—	26,004
Other operating expenses	2,578		6,718	7,744		5,412	22,452
Federal income taxes (benefit)	261		3,943	4,110		1,685	9,999
Total expenses	7,757		31,164	57,643		7,097	103,661
Segment earnings (loss)	$	559	8,580	9,134		3,670	21,943

	Domestic Life Insurance		International Life Insurance	Annuities		All Others	Totals
				(In thousands)
Six Months Ended
June 30, 2012
Condensed Income Statements:
Premiums and contract revenues	$	14,819	55,546	11,474		—	81,839
Net investment income	9,809		22,712	186,264		8,954	227,739
Other revenues	52		346	(199	)	11,322	11,521
Total revenues	24,680		78,604	197,539		20,276	321,099
Life and other policy benefits	3,268		9,795	14,472		—	27,535
Amortization of deferred acquisition costs	4,459		13,365	45,236		—	63,060
Universal life and annuity contract interest	8,443		21,243	97,861		—	127,547
Other operating expenses	7,346		12,536	11,772		10,816	42,470
Federal income taxes	376		7,006	9,120		3,060	19,562
Total expenses	23,892		63,945	178,461		13,876	280,174
Segment earnings	$	788	14,659	19,078		6,400	40,925

Selected Segment Information:
	Domestic Life Insurance			International  Life Insurance	Annuities		All  Others	Totals
					(In thousands)
June 30, 2011
Selected Condensed Consolidated Balance Sheet Items:
Deferred policy acquisition costs and sales inducements	$	41,113		227,166	580,224		—	848,503
Total segment assets	398,712			1,035,273	7,555,300		219,328	9,208,613
Future policy benefits	331,037			747,058	6,621,456		—	7,699,551
Other policyholder liabilities	12,206			16,999	116,548		—	145,753
Three Months Ended
June 30, 2011
Condensed Consolidated Income Statements:
Premiums and contract revenues	$	6,617		25,616	5,006		—	37,239
Net investment income	4,485			9,532	78,830		4,877	97,724
Other revenues	(2		)	342	(1,070	)	5,428	4,698
Total revenues	11,100			35,490	82,766		10,305	139,661
Life and other policy benefits	(810		)	4,199	6,209		—	9,598
Amortization of deferred acquisition costs	2,771			7,927	28,150		—	38,848
Universal life and annuity contract interest	1,849			8,507	42,876		—	53,232
Other operating expenses	3,361			4,273	6,320		5,106	19,060
Federal income taxes (benefit)	1,339			3,273	(751	)	1,590	5,451
Total expenses	8,510			28,179	82,804		6,696	126,189
Segment earnings (loss)	$	2,590		7,311	(38	)	3,609	13,472

	Domestic Life Insurance		International Life Insurance	Annuities	All Others	Totals
				(In thousands)
Six Months Ended
June 30, 2011
Condensed Income Statements:
Premiums and contract revenues	$	12,649	50,176	8,268	—	71,093
Net investment income	9,481		22,553	191,942	7,263	231,239
Other revenues	5		366	2,991	11,242	14,604
Total revenues	22,135		73,095	203,201	18,505	316,936
Life and other policy benefits	4,424		9,161	8,229	—	21,814
Amortization of deferred acquisition costs	5,654		16,125	44,558	—	66,337
Universal life and annuity contract interest	4,487		21,426	119,468	—	145,381
Other operating expenses	7,027		11,199	11,223	10,329	39,778
Federal income taxes (benefit)	174		4,856	6,308	2,615	13,953
Total expenses	21,766		62,767	189,786	12,944	287,263
Segment earnings (loss)	$	369	10,328	13,415	5,561	29,673

Reconciliation of Segment Premiums and Other Revenues to Condensed Consolidated Financial Statements

Reconciliations of segment information to the Company's condensed consolidated financial statements are provided below.

	Three Months Ended June 30,			Six Months Ended June 30,
	2012		2011	2012	2011
	(In thousands)
Premiums and Other Revenues:
Premiums and contract revenues	$	41,557	37,239	81,839	71,093
Net investment income	78,181		97,724	227,739	231,239
Other revenues	5,866		4,698	11,521	14,604
Realized gains (losses) on investments	2,005		490	3,172	3,582
Total condensed consolidated premiums and other revenues	$	127,609	140,151	324,271	320,518

Reconciliation of Segment Federal Income Taxes to Condensed Consolidated Financial Statements

	Three Months Ended June 30,			Six Months Ended June 30,
	2012		2011	2012	2011
	(In thousands)
Federal Income Taxes:
Total segment Federal income taxes	$	9,999	5,451	19,562	13,953
Taxes on realized gains (losses) on investments	702		172	1,110	1,254
Total condensed consolidated Federal income taxes	$	10,701	5,623	20,672	15,207

Reconciliation of Segment Net Earnings to Condensed Consolidated Financial Statements

	Three Months Ended June 30,			Six Months Ended June 30,
	2012		2011	2012	2011
	(In thousands)
Net Earnings:
Total segment earnings	$	21,943	13,472	40,925	29,673
Realized gains (losses) on investments, net of taxes	1,303		318	2,062	2,328
Total condensed consolidated net earnings	$	23,246	13,790	42,987	32,001

Reconciliation of Segment Assets to Condensed Consolidated Financial Statements

	June 30,
	2012		2011
	(In thousands)
Assets:
Total segment assets	$	9,871,257	9,208,613
Other unallocated assets	84,204		53,817
Total condensed consolidated assets	$	9,955,461	9,262,430