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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)
In Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)        
Net income $ 71,414 $ 144,800 $ 91,799 $ 256,451
Other comprehensive income:        
Change in unrealized holding gains on available-for-sale fixed maturity securities, net of tax (1) 11,462 [1] 18,818 [1] 6,757 [2] 26,986 [2]
Reclassification adjustment for OTTI losses, net of tax (2) 1,111 [3] 259 [3] 1,111 [3] 363 [3]
Reclassification adjustments of net realized investment (gains) losses into net income, net of tax (3) (14,245) [4] (7,735) [4] (18,162) [5] (10,118) [5]
Other comprehensive income (1,672) 11,342 (10,294) 17,231
Comprehensive Income $ 69,742 $ 156,142 $ 81,505 $ 273,682
[1] Net of tax expense of $6.2 million and $10.1 million for the three-month periods ended June 30, 2011 and 2010, respectively.
[2] Net of tax benefit of $(3.6) million and $(14.5) million for the six-month periods ended June 30, 2011 and 2010, respectively.
[3] Represents an adjustment to OTTI losses due to the sale of other-than-temporarily impaired available-for-sale fixed maturity securities.
[4] Net of tax benefit of $7.7 million and $4.2 million for the three-month periods ended June 30,2011 and 2010, respectively.
[5] Net of tax benefit of $9.8 million and $5.4 million for the six-month periods ended June 30, 2011 and 2010, respectively.