Other Comprehensive Income

9 Months Ended

Sep. 30, 2011

Other Comprehensive Income

Other Comprehensive Income

8.  Other Comprehensive Income

The following tables present the composition of other comprehensive income (loss) for the three and nine-month periods ended September 30, 2011 and 2010:

	Three months ended September 30, 2011
	Before-tax			Tax (expense)			Net-of-tax
	amount			benefit			amount
Unrealized holding gains (losses) arising during the period on available-for-sale fixed maturity investments	$	369,310		$	(129,259	)	$	240,051
Net changes during the period related to cash flow hedges	20,067			(7,023		)	13,044
Reclassification adjustment for (gains) losses realized in net income	(39,153		)	13,704			(25,449		)
Net unrealized gains (losses)	350,224			(122,578		)	227,646
Future policy benefits, deferred acquisition costs and value of business acquired adjustments	(22,389		)	7,836			(14,553		)
Other comprehensive income (loss)	$	327,835		$	(114,742	)	$	213,093

	Three months ended September 30, 2010
	Before-tax			Tax (expense)			Net-of-tax
	amount			benefit			amount
Unrealized holding gains (losses) arising during the period on available-for-sale fixed maturity investments	$	395,395		$	(138,388	)	$	257,007
Net changes during the period related to cash flow hedges	4,731			(1,655		)	3,076
Reclassification adjustment for (gains) losses realized in net income	(3,255		)	1,140			(2,115		)
Net unrealized gains (losses)	396,871			(138,903		)	257,968
Future policy benefits, deferred acquisition costs and value of business acquired adjustments	(98,554		)	34,493			(64,061		)
Net unrealized gains (losses)	298,317			(104,410		)	193,907
Employee benefit plan adjustment	—			—			—
Other comprehensive income (loss)	$	298,317		$	(104,410	)	$	193,907

	Nine months ended September 30, 2011
	Before-tax			Tax (expense)			Net-of-tax
	amount			benefit			amount
Unrealized holding gains (losses) arising during the period on available-for-sale fixed maturity investments	$	512,257		$	(179,290	)	$	332,967
Net changes during the period related to cash flow hedges	19,157			(6,705		)	12,452
Reclassification adjustment for (gains) losses realized in net income	(63,200		)	22,120			(41,080		)
Net unrealized gains (losses)	468,214			(163,875		)	304,339
Future policy benefits, deferred acquisition costs and value of business acquired adjustments	(54,365		)	19,028			(35,337		)
Other comprehensive income (loss)	$	413,849		$	(144,847	)	$	269,002

	Nine months ended September 30, 2010
	Before-tax			Tax (expense)			Net-of-tax
	amount			benefit			amount
Unrealized holding gains (losses) arising during the period on available-for-sale fixed maturity investments	$	1,130,629		$	(395,720	)	$	734,909
Net changes during the period related to cash flow hedges	24,424			(8,548		)	15,876
Reclassification adjustment for (gains) losses realized in net income	30,041			(10,514		)	19,527
Net unrealized gains (losses)	1,185,094			(414,782		)	770,312
Future policy benefits, deferred acquisition costs and value of business acquired adjustments	(289,224		)	101,228			(187,996		)
Net unrealized gains (losses)	895,870			(313,554		)	582,316
Employee benefit plan adjustment	(317		)	111			(206		)
Other comprehensive income (loss)	$	895,553		$	(313,443	)	$	582,110