Other Comprehensive Income

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Other Comprehensive Income

Sources of	Years Ended December 31,
Other Comprehensive Income:	2011				2010				2009
($ in thousands)	Gross		Net		Gross		Net		Gross		Net
Unrealized gains on investments	$	69,391	$	17,896	$	79,757	$	390	$	173,746	$	16,560
Adjustments for net realized investment losses   on available-for-sale securities included   in net income		1,159		750		12,122		6,951		27,118		16,503
Net unrealized investment gains		70,550		18,646		91,879		7,341		200,864		33,063
Net unrealized gains on derivative instruments		--		--		--		--		--		--
Other comprehensive income		70,550	$	18,646		91,879	$	7,341		200,864	$	33,063
Applicable deferred policy acquisition   cost amortization		41,865				98,432				149,998
Applicable deferred income tax expense (benefit)		10,039				(13,894)				17,803
Offsets to other comprehensive income		51,904				84,538				167,801
Other comprehensive income	$	18,646			$	7,341			$	33,063

Components of Accumulated	As of December 31,
Other Comprehensive Income:	2011				2010
($ in thousands)	Gross		Net		Gross		Net
Unrealized gains (losses) on investments	$	49,800	$	6,190	$	(20,750)	$	(12,456)
Unrealized gains on derivative instruments		--		--		--		--
Accumulated other comprehensive income (loss)		49,800	$	6,190		(20,750)	$	(12,456)
Applicable deferred policy acquisition costs		53,202				11,337
Applicable deferred income tax benefit		(9,592)				(19,631)
Offsets to other comprehensive income (loss)		43,610				(8,294)
Accumulated other comprehensive income (loss)	$	6,190			$	(12,456)