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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Investments    
Available-for-sale fixed maturity securities at fair value (amortized cost of $1,585,903 and $1,422,951 in 2011 and 2010, respectively) (Note 5) $ 1,642,931 $ 1,495,923
Trading fixed maturity securities at fair value (amortized cost of $10,766,411 and $11,710,416 in 2011 and 2010, respectively) (Note 5) 10,728,334 11,467,118
Mortgage loans 1,605,920 1,737,528
Derivative instruments - receivable (Note 5) 220,844 198,064
Limited partnerships 39,286 41,622
Real estate 222,763 214,665
Policy loans 607,346 717,408
Other invested assets 41,669 27,456
Short-term investments (Note 1) 12,997 832,739
Cash and cash equivalents 1,978,125 736,323
Total investments and cash 17,100,215 17,468,846
Accrued investment income 182,963 188,786
Deferred policy acquisition costs and sales inducement asset 1,595,829 1,682,559
Value of business and customer renewals acquired 102,954 134,985
Net deferred tax asset (Note 11) 328,837 394,297
Goodwill (Note 10) 7,299 7,299
Receivable for investments sold 7,687 5,328
Reinsurance receivable 2,235,769 2,347,086
Other assets 142,438 125,529
Separate account assets 28,301,272 26,880,421
Total assets 50,005,263 49,235,136
Liabilities Abstract    
Contractholder deposit funds and other policy liabilities 14,027,877 14,593,228
Future contract and policy benefits 831,897 849,514
Payable for investments purchased 43,404 44,827
Accrued expenses and taxes 46,023 52,628
Debt payable to affiliates 783,000 783,000
Reinsurance payable 2,131,514 2,231,835
Derivative instruments - payable (Note 5) 335,495 362,023
Other liabilities 269,726 285,056
Separate account liabilities 28,301,272 26,880,421
Total liabilities 46,770,208 46,082,532
STOCKHOLDER'S EQUITY    
Common stock, $1,000 par value – 10,000 shares authorized; 6,437 shares issued and outstanding in 2011 and 2010 6,437 6,437
Additional paid-in capital 3,929,192 3,928,246
Accumulated other comprehensive income 36,259 46,553
Accumulated deficit (736,833) (828,632)
Total stockholder's equity 3,235,055 3,152,604
Total liabilities and stockholder's equity $ 50,005,263 $ 49,235,136