XML 75 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Premium income, net of premiums ceded of $50,303, $40,720 and $41,474 $ 422,153 $ 523,216 $ 805,622
Fee income 535,823 486,795 447,954
Net investment income 1,191,551 1,158,486 1,174,744
Realized investment gains (losses), net:      
Total other-than-temporary losses (5,138) (19,467) (96,648)
Other-than-temporary (gains) losses transferred to other comprehensive income (61) 10,005 16,747
Other realized investment gains, net 121,916 33,957 55,406
Total realized investment gains (losses), net 116,717 24,495 (24,495)
Total revenues 2,266,244 2,192,992 2,403,825
Benefits and expenses:      
Life and other policy benefits, net of reinsurance recoveries of $46,492, $36,876 and $30,678 682,088 645,567 628,895
Increase (decrease) in future policy benefits (66,697) 18,828 320,167
Interest paid or credited to contractholders 519,499 529,349 518,918
Provision for policyholders' share of earnings on participating business (580) 2,884 2,197
Dividends to policyholders 64,000 67,334 70,230
Total benefits 1,198,310 1,263,962 1,540,407
General insurance expenses 596,649 566,693 530,893
Amortization of deferred acquisition costs and value of business acquired 60,479 28,820 29,343
Interest expense 37,387 37,462 37,421
Total benefits and expenses, net 1,892,825 1,896,937 2,138,064
Income from continuing operations before income taxes 373,419 296,055 265,761
Income tax expense 135,305 93,818 68,627
Income from continuing operations 238,114 202,237 197,134
(Loss) from discontinued operations, net of income tax (expense) benefit of $ - , $ - and $900     (1,600)
Net income $ 238,114 $ 202,237 [1] $ 195,534 [1]
[1] As adjusted; See Note 1