Other Comprehensive Income

12 Months Ended

Dec. 31, 2012

Other Comprehensive Income

Other Comprehensive Income

12.          Other Comprehensive Income

The following tables present the composition of other comprehensive income (loss) for the years ended December 31, 2012, 2011 and 2010:

	Year ended December 31, 2012
	Before-tax amount			Tax (expense) benefit			Net-of-tax amount
Unrealized holding gains arising during the year on available-for-sale fixed maturity investments	$	534,028		$	(186,910	)	$	347,118
Net changes during the year related to cash flow hedges	(18,881		)	6,608			(12,273		)
Reclassification adjustment for gains realized in net income	(107,713		)	37,700			(70,013		)
Net unrealized gains	407,434			(142,602		)	264,832
Future policy benefits, deferred acquisition costs and value of business acquired adjustments	(83,835		)	29,343			(54,492		)
Net unrealized gains	323,599			(113,259		)	210,340
Employee benefit plan adjustment	(68,650		)	24,027			(44,623		)
Other comprehensive income	$	254,949		$	(89,232	)	$	165,717

	Year ended December 31, 2011
	Before-tax amount			Tax (expense) benefit			Net-of-tax amount
Unrealized holding gains arising during the year on available-for-sale fixed maturity investments	$	511,663		$	(179,082	)	$	332,581
Net changes during the year related to cash flow hedges	21,014			(7,355		)	13,659
Reclassification adjustment for gains realized in net income	(74,165		)	25,958			(48,207		)
Net unrealized gains	458,512			(160,479		)	298,033
Future policy benefits, deferred acquisition costs and value of business acquired adjustments (1)	(100,216		)	35,075			(65,141		)
Net unrealized gains	358,296			(125,404		)	232,892
Employee benefit plan adjustment	(49,566		)	17,348			(32,218		)
Other comprehensive income	$	308,730		$	(108,056	)	$	200,674

(1) As adjusted; See Note 1

	Year ended December 31, 2010
	Before-tax amount			Tax (expense) benefit			Net-of-tax amount
Unrealized holding gains arising during the year on available-for-sale fixed maturity investments	$	724,296		$	(253,504	)	$	470,792
Net changes during the year related to cash flow hedges	17,293			(6,053		)	11,240
Reclassification adjustment for losses realized in net income	23,198			(8,119		)	15,079
Net unrealized gains	764,787			(267,676		)	497,111
Future policy benefits, deferred acquisition costs and value of business acquired adjustments (1)	(129,715		)	45,400			(84,315		)
Net unrealized gains	635,072			(222,276		)	412,796
Employee benefit plan adjustment	(5,142		)	1,800			(3,342		)
Other comprehensive income	$	629,930		$	(220,476	)	$	409,454

(1) As adjusted; See Note 1