CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2011		Sep. 30, 2010		Sep. 30, 2011		Sep. 30, 2010
Revenues
Premiums and annuity considerations	$ 33,473		$ 32,145		$ 104,020		$ 100,387
Net investment income (1)	73,933	[1]	482,540	[1]	610,663	[2]	1,333,987	[2]
Net derivative loss (Note 5)	(561,066)		(55,899)		(669,065)		(623,064)
Net realized losses on trading investments	(8,498)		520		14,576		16,859
Other-than-temporary impairment losses (2) (Note 5)	0	[3]	0	[3]	(71)	[4]	(885)	[4]
Fee and other income	163,616		125,296		468,789		361,524
Total revenues	(298,542)		584,602		528,912		1,188,808
Benefits and Expenses
Interest credited	79,252		131,882		263,407		308,693
Interest expense	10,674		13,065		33,275		39,517
Policyowner benefits	(22,036)		27,096		57,455		143,673
Amortization of deferred policy acquisition costs and value of business and customer renewals acquired 1	(921,466)		430,666		(684,001)		177,434
Other operating expenses	85,090		76,554		261,284		236,347
Total benefits and expenses	(768,486)		679,263		(68,580)		905,664
Income before income tax expense	469,944		(94,661)		597,492		283,144
Income tax expense	159,071		(30,266)		194,820		91,088
Net income	$ 310,873		$ (64,395)		$ 402,672		$ 192,056

[1] Net investment income includes a (decrease) increase in market value of trading investments of $(65.9) million and $298.8 million for the three-month periods ended September 30, 2011 and 2010, respectively, for securities still held at the reporting date..

[2] Net investment income includes an increase in market value of trading investments of $144.7 million and $748.7 million for the nine-month periods ended September 30, 2011 and 2010, respectively, for securities still held at the reporting date..

[3] No OTTI losses, credit or non-credit, were recorded for the three-month periods ended September 30, 2011 and 2010.

[4] The other-than-temporary impairment (“OTTI”) losses for the nine-month periods ended September 30, 2011 and 2010, represent solely credit losses. The Company incurred no non-credit OTTI losses during the nine-month periods ended September 30, 2011 and 2010, as such, no non-credit OTTI losses were recognized in other comprehensive income for the periods.