9. Other Comprehensive Income

6 Months Ended

Jun. 30, 2012

Notes to Financial Statements

Other Comprehensive Income

9. Other Comprehensive Income

Sources of Other Comprehensive Income:	Three Months Ended June 30,
($ in thousands)	2012				2011
	Gross		Net		Gross		Net
Unrealized gains on investments	$	45,313	$	16,781	$	17,908	$	12,441
Adjustments for net realized investment (gains) losses on   available-for-sale securities included in net income		499		1,008		(900)		(570)
Net unrealized investment gains		45,812		17,789		17,008		11,871
Net unrealized gains (losses) on derivative instruments		--		--		--		--
Other comprehensive income		45,812	$	17,789		17,008	$	11,871
Applicable deferred policy acquisition cost amortization		18,445				11,436
Applicable deferred income tax expense (benefit)		9,578				(6,299)
Offsets to other comprehensive income		28,023				5,137
Other comprehensive income	$	17,789			$	11,871

Sources of Other Comprehensive Income:	Six Months Ended June 30,
($ in thousands)	2012				2011
	Gross		Net		Gross		Net
Unrealized gains on investments	$	65,132	$	24,597	$	31,398	$	15,574
Adjustments for net realized investment (gains) losses on   available-for-sale securities included in net income		1,099		785		(712)		(452)
Net unrealized investment gains		66,231		25,382		30,686		15,122
Net unrealized gains (losses) on derivative instruments		--		--		--		--
Other comprehensive income		66,231	$	25,382		30,686	$	15,122
Applicable deferred policy acquisition cost amortization		27,183				16,113
Applicable deferred income tax expense (benefit)		13,666				(549)
Offsets to other comprehensive income		40,849				15,564
Other comprehensive income	$	25,382			$	15,122