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Condensed Consolidated Statements of Income (Loss) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Premium income $ 66,357 $ 75,391 $ 244,678 $ 203,478
Fee income 154,307 135,160 301,253 262,103
Other revenue     7,355  
Net investment income 248,603 296,086 533,965 593,267
Realized investment gains (losses), net:        
Total other-than-temporary impairments 359   (61) (254)
Other-than-temporary impairments transferred to other comprehensive income (loss)     (434)  
Other realized investment gains, net (24,673) 36,853 (9,080) 53,794
Total realized investment gains (losses), net (24,314) 36,853 (9,575) 53,540
Total revenues 444,953 543,490 1,077,676 1,112,388
Benefits and expenses:        
Life and other policy benefits 164,044 179,545 309,636 360,454
Increase (decrease) in future policy benefits (32,985) (57,657) 12,286 (58,288)
Interest paid or credited to contractholders 121,796 130,400 248,727 257,689
Provision for policyholders' share of earnings on participating business (483) 558 4,496 2,188
Dividends to policyholders 12,868 11,775 34,720 32,725
Total benefits, net 265,240 264,621 609,865 594,768
General insurance expenses 163,704 151,858 322,182 291,615
Amortization of deferred acquisition costs and value of business acquired 14,797 16,601 30,304 32,491
Interest expense 9,335 9,351 18,673 18,690
Total benefits and expenses, net 453,076 442,431 981,024 937,564
Income (loss) before income taxes (8,123) 101,059 96,652 174,824
Income tax expense (benefit) (4,069) 35,034 33,872 58,876
Net income (loss) $ (4,054) $ 66,025 $ 62,780 $ 115,948