Other Comprehensive Income

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Other Comprehensive Income

9. Other Comprehensive Income

Sources of Other Comprehensive Income:	Three Months Ended March 31,
($ in thousands)	2012				2011
	Gross		Net		Gross		Net
Unrealized gains on investments	$	19,819	$	7,816	$	13,490	$	3,133
Adjustments for net realized investment (gains) losses on   available-for-sale securities included in net income		600		(223)		188		118
Net unrealized investment gains		20,419		7,593		13,678		3,251
Net unrealized losses on derivative instruments		--		--		--		--
Other comprehensive income		20,419	$	7,593		13,678	$	3,251
Applicable deferred policy acquisition cost amortization		8,738				4,677
Applicable deferred income tax expense		4,088				5,750
Offsets to other comprehensive income		12,826				10,427
Other comprehensive income	$	7,593			$	3,251