CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2011		Jun. 30, 2010		Jun. 30, 2011		Jun. 30, 2010
Revenues
Premiums and annuity considerations	$ 36,270		$ 33,178		$ 70,547		$ 68,242
Net investment income (1)	244,732	[1]	407,618	[1]	536,730	[2]	851,447	[2]
Net derivative loss (Note 5)	(135,769)		(525,715)		(107,999)		(567,165)
Net realized losses on trading investments	18,991		11,174		23,074		16,339
Other-than-temporary impairment losses (2) (Note 5)	0	[3]	0	[3]	(71)	[4]	(885)	[4]
Fee and other income	157,152		120,475		305,173		236,228
Total revenues	321,376		46,730		827,454		604,206
Benefits and Expenses
Interest credited	96,279		87,428		184,155		176,811
Interest expense	11,509		9,355		22,601		26,452
Policyowner benefits	34,524		81,974		79,491		116,577
Amortization of deferred policy acquisition costs and value of business and customer renewals acquired 1	(10,649)		(424,941)		237,465		(253,232)
Other operating expenses	86,709		78,883		176,194		159,793
Total benefits and expenses	218,372		(167,301)		699,906		226,401
Income before income tax expense	103,004		214,031		127,548		377,805
Income tax expense	31,590		69,231		35,749		121,354
Net income	$ 71,414		$ 144,800		$ 91,799		$ 256,451

[1] Net investment income includes an increase in the market value of trading fixed maturity securities of $89.2 million and $179.5 million for the three-month periods ended June 30, 2011 and 2010 respectively.

[2] Net investment income includes an increase in market value of trading fixed maturity securities of $210.6 million and $449.9 million for the six-month periods ended June 30, 2011 and 2010, respectively.

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

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