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Segment Information (Tables)
12 Months Ended
Dec. 31, 2012
Segment Information  
Summary of financial information related to segments

 

 

 

Year ended December 31, 2012

 

 

 

Individual

 

Retirement

 

 

 

 

 

 

 

Markets

 

Services

 

Other

 

Total

 

Revenue:

 

 

 

 

 

 

 

 

 

Premium income

 

$

314,350

 

$

3,670

 

$

104,133

 

$

422,153

 

Fee income

 

74,985

 

456,052

 

4,786

 

535,823

 

Net investment income

 

729,885

 

414,114

 

47,552

 

1,191,551

 

Net realized gains on investments

 

55,959

 

60,726

 

32

 

116,717

 

Total revenues

 

1,175,179

 

934,562

 

156,503

 

2,266,244

 

Benefits and expenses:

 

 

 

 

 

 

 

 

 

Policyholder benefits

 

882,726

 

204,296

 

111,288

 

1,198,310

 

Operating expenses

 

136,895

 

492,427

 

65,193

 

694,515

 

Total benefits and expenses

 

1,019,621

 

696,723

 

176,481

 

1,892,825

 

Income (loss) from continuing operations before income taxes

 

155,558

 

237,839

 

(19,978

)

373,419

 

Income tax expense (benefit)

 

50,869

 

78,150

 

6,286

 

135,305

 

Income (loss) from continuing operations

 

$

104,689

 

$

159,689

 

$

(26,264

)

$

238,114

 



 

 

 

 

December 31, 2012

 

 

 

Individual

 

Retirement

 

 

 

 

 

 

 

Markets

 

Services

 

Other

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

Investments

 

$

14,797,517

 

$

9,761,036

 

$

1,551,823

 

$

26,110,376

 

Other assets

 

1,172,932

 

773,712

 

123,006

 

2,069,650

 

Separate account assets

 

6,363,214

 

18,242,312

 

—

 

24,605,526

 

Assets of continuing operations

 

$

22,333,663

 

$

28,777,060

 

$

1,674,829

 

52,785,552

 

Assets of discontinued operations

 

 

 

 

 

 

 

33,053

 

Total assets

 

 

 

 

 

 

 

$

52,818,605

 

 

 

 

 

Year ended December 31, 2011 (1)

 

 

 

Individual

 

Retirement

 

 

 

 

 

 

 

Markets

 

Services

 

Other

 

Total

 

Revenue:

 

 

 

 

 

 

 

 

 

Premium income

 

$

395,923

 

$

1,960

 

$

125,333

 

$

523,216

 

Fee income

 

65,487

 

416,405

 

4,903

 

486,795

 

Net investment income

 

714,228

 

399,222

 

45,036

 

1,158,486

 

Net realized gains on investments

 

20,533

 

3,311

 

651

 

24,495

 

Total revenues

 

1,196,171

 

820,898

 

175,923

 

2,192,992

 

Benefits and expenses:

 

 

 

 

 

 

 

 

 

Policyholder benefits

 

937,885

 

222,642

 

103,435

 

1,263,962

 

Operating expenses

 

109,005

 

435,149

 

88,821

 

632,975

 

Total benefits and expenses

 

1,046,890

 

657,791

 

192,256

 

1,896,937

 

Income (loss) from continuing operations before income taxes

 

149,281

 

163,107

 

(16,333

)

296,055

 

Income tax expense (benefit)

 

49,221

 

50,869

 

(6,272

)

93,818

 

Income (loss) from continuing operations

 

$

100,060

 

$

112,238

 

$

(10,061

)

$

202,237

 

 

 

 

December 31, 2011 (1)

 

 

 

Individual

 

Retirement

 

 

 

 

 

 

 

Markets

 

Services

 

Other

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

Investments

 

$

13,702,356

 

$

8,752,301

 

$

1,540,575

 

$

23,995,232

 

Other assets

 

1,108,744

 

610,971

 

126,468

 

1,846,183

 

Separate account assets

 

5,884,676

 

16,446,714

 

—

 

22,331,391

 

Assets of continuing operations

 

$

20,695,776

 

$

25,809,986

 

$

1,667,043

 

48,172,806

 

Assets of discontinued operations

 

 

 

 

 

 

 

39,621

 

Total assets

 

 

 

 

 

 

 

$

48,212,427

 

 

(1) As adjusted; See Note 1

 

 

 

 

Year ended December 31, 2010 (1)

 

 

 

Individual

 

Retirement

 

 

 

 

 

 

 

Markets

 

Services

 

Other

 

Total

 

Revenue:

 

 

 

 

 

 

 

 

 

Premium income

 

$

676,395

 

$

5,509

 

$

123,718

 

$

805,622

 

Fee income

 

56,232

 

387,103

 

4,619

 

447,954

 

Net investment income

 

730,439

 

399,456

 

44,849

 

1,174,744

 

Net realized losses on investments

 

(1,239

)

(23,229

)

(27

)

(24,495

)

Total revenues

 

1,461,827

 

768,839

 

173,159

 

2,403,825

 

Benefits and expenses:

 

 

 

 

 

 

 

 

 

Policyholder benefits

 

1,218,791

 

221,943

 

99,673

 

1,540,407

 

Operating expenses

 

134,445

 

401,117

 

62,095

 

597,657

 

Total benefits and expenses

 

1,353,236

 

623,060

 

161,768

 

2,138,064

 

Income from continuing operations before income taxes

 

108,591

 

145,779

 

11,391

 

265,761

 

Income tax expense

 

29,487

 

34,547

 

4,593

 

68,627

 

Income from continuing operations

 

$

79,104

 

$

111,232

 

$

6,798

 

$

197,134

 

 

(1) As adjusted; See Note 1