CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011		Dec. 31, 2010		Dec. 31, 2009
Revenues
Premiums and annuity considerations	$ 137,420		$ 136,175		$ 134,246
Net investment income (1)	727,628	[1]	1,390,210	[1]	2,582,307	[1]
Net derivative loss (Note 5)	(988,070)		(149,290)		(39,902)
Net realized losses on trading investments	39,578		26,951		(36,675)
Other-than-temporary impairment losses (2) (Note 5)	(71)	[2]	(885)	[2]	(4,834)	[2]
Fee and other income	608,411		511,027		385,836
Total revenues	524,896		1,914,188		3,020,978
Benefits and Expenses
Interest credited	424,208		401,848		385,768
Interest expense	47,170		51,789		39,780
Policyowner benefits	134,412		239,794		110,439
Amortization of deferred policy acquisition costs and value of business and customer renewals acquired 1	(247,401)		697,102		1,024,661
Other operating expenses	350,325		318,170		248,156
Total benefits and expenses	708,714		1,708,703		1,808,804
Income before income tax expense	(183,818)		205,485		1,212,174
Income tax expense	(80,701)		71,211		335,649
Net income from continuing operations	(103,117)		134,274		876,525
Income from discontinued operations, net of tax (Note 1)	0		0		104,971
Net income	$ (103,117)		$ 134,274		$ 981,496

[1] Net investment income includes an increase in market value of trading investments of $186.6 million, $674.2 million and $2,086.7 million for the years ended December 31, 2011, 2010 and 2009, respectively.

[2]          The $0.1 million, $0.9 million and $4.8 million other-than-temporary impairment (“OTTI”) losses for years ended December 31, 2011, 2010 and 2009, respectively, represent solely credit losses. The Company incurred no non-credit OTTI losses during the years ended December 31, 2011, 2010 and 2009 as such, no non-credit OTTI losses were recognized in other comprehensive income for these periods.