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Statutory Information
12 Months Ended
Dec. 31, 2012
Statutory Information Disclosure [Abstract]  
Statutory Information

(15) Statutory Information 

 

Our insurance companies file financial statements prepared in accordance with statutory accounting principles prescribed or permitted by domestic or foreign insurance regulatory authorities. The differences between statutory financial statements and financial statements prepared in accordance with GAAP vary between domestic and foreign jurisdictions.

 

Statutory policyholders' surplus and net income, after intercompany eliminations, included in those companies' respective filings with regulatory authorities were as follows:

 

 2012 2011 2010
         
Statutory policyholders’ surplus$2,374,420 $2,140,055 $2,207,977
Statutory net income 445,999  294,396  387,847

The statutory surplus of each of our insurance companies is significantly in excess of regulatory risk-based capital requirements.