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Statements of Operations (Unaudited) (USD $)
In Thousands
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
REVENUES:    
Premiums$ 1,118$ 1,278$ 1,378$ 3,548
Insurance and investment product fees98,007101,666301,655308,678
Net investment income25,73217,45371,36153,617
Net realized investment gains (losses):    
Total other-than-temporary impairment ("OTTI") losses(4,535)(5,203)(6,197)(14,943)
Portion of OTTI losses recognized in other comprehensive income ("OCI")3,8533,2304,5856,429
Net OTTI losses recognized in earnings(682)(1,973)(1,612)(8,514)
Net realized investment gains (losses), excluding OTTI losses(5,395)(5,434)(11,116)2,801
Net realized investment gains (losses)(6,077)(7,407)(12,728)(5,713)
Total revenues118,780112,990361,666360,130
BENEFITS AND EXPENSES:    
Policy benefits61,83245,609186,280170,940
Policy acquisition cost amortization39,81574,880107,763155,406
Other operating expenses19,40618,77555,85072,673
Total benefits and expenses121,053139,264349,893399,019
Income (loss) before income taxes(2,273)(26,274)11,773(38,889)
Income tax benefit(13,780)(21,467)(9,115)(27,092)
Net income (loss)11,507(4,807)20,888(11,797)
COMPREHENSIVE INCOME (LOSS):    
Net income (loss)11,507(4,807)20,888(11,797)
Net unrealized investment gains3,0647,84717,00612,806
Non-credit portion of OTTI losses recognized in OCI(2,505)(2,100)(2,980)(4,179)
Net unrealized other loss000(172)
Other comprehensive income5595,74714,0268,455
Comprehensive income (loss)$ 12,066$ 940$ 34,914$ (3,342)