XML 31 R16.htm IDEA: XBRL DOCUMENT v2.3.0.15
GOODWILL
9 Months Ended
Sep. 30, 2011
Goodwill [Abstract] 
Schedule Of Goodwill [Text Block]

 

 

11. GOODWILL

 

The Company's goodwill represents the intangible asset related to the transfer of goodwill to SLNY, based on the SLHIC to SLNY asset transfer, effective May 31, 2007. Goodwill is allocated to the Group Protection segment. In accordance with FASB ASC Topic 350, “Intangibles-Goodwill and Other,” goodwill is tested for impairment on an annual basis. The Company completed the required impairment tests of goodwill and indefinite-lived intangible assets during the fourth quarter of 2010 and concluded that these assets were not impaired.

 

12. SUBSEQUENT EVENTS

 

On November 10, 2011, the Board of Directors of the Company approved, conditioned upon receipt of the prior approval of the Commissioner of Insurance of the State of Delaware, a distribution of up to $350.0 million on the shares of the Company, to be paid to the Parent in cash in any number of payments on or before December 31, 2011.