2. Basis of Presentation and Significant Accounting (Tables)

6 Months Ended

Jun. 30, 2012

Notes to Financial Statements

Selected financial data as adjusted for the retrospective adoption

Summarized Selected Annual Financial Data:	Year Ended December 31,
($ in thousands)	2011		2010		2009		2008
Deferred policy acquisition costs, as previously reported	$	576,557	$	594,126	$	837,567	$	1,065,128
Impact of adoption		(52,505)		(75,262)		(123,592)		(154,991)
Deferred policy acquisition costs, as revised	$	524,052	$	518,864	$	713,975	$	910,137
Deferred tax liability, as previously reported	$	(6,762)	$	(13,371)	$	(26,678)	$	(33,291)
Impact of adoption		22,286		30,659		48,000		59,441
Deferred tax asset, as revised	$	15,524	$	17,288	$	21,322	$	26,150
Policy liabilities and accruals, as previously reported	$	1,343,909	$	1,283,034	$	1,363,818	$	1,386,611
Impact of adoption		11,169		12,336		13,550		14,839
Policy liabilities and accruals, as revised	$	1,355,078	$	1,295,370	$	1,377,368	$	1,401,450
Total equity, as previously reported	$	645,764	$	610,155	$	613,964	$	532,441
Impact of adoption		(41,388)		(56,939)		(89,142)		(110,389)
Total equity, as revised	$	604,376	$	553,216	$	524,822	$	422,052

Summarized Selected Quarterly Financial Data:	Quarter Ended
($ in thousands)	Dec 31,		Sept 30,		June 30,		Mar 31,
	2011
Policy benefits, as previously reported	$	59,339	$	61,832	$	73,879	$	50,569
Impact of adoption		(292)		(292)		(292)		(291)
Policy benefits, as revised	$	59,047	$	61,540	$	73,587	$	50,278
Policy acquisition cost amortization, as previously reported	$	25,401	$	39,815	$	28,896	$	39,052
Impact of adoption		(4,673)		(4,586)		(4,672)		(6,769)
Policy acquisition cost amortization, as revised	$	20,728	$	35,229	$	24,224	$	32,283
Operating expenses, as previously reported	$	34,329	$	19,406	$	18,061	$	18,381
Impact of adoption		312		315		314		315
Operating expenses, as revised	$	34,641	$	19,721	$	18,375	$	18,696
Income (loss) before income taxes, as previously reported	$	(4,222)	$	(2,273)	$	3,119	$	10,927
Impact of adoption		4,653		4,563		4,650		6,745
Income before income taxes, as revised	$	431	$	2,290	$	7,769	$	17,672
Income tax expense (benefit), as previously reported	$	(296)	$	(13,780)	$	4,377	$	287
Impact of adoption		1,628		1,597		1,828		2,161
Income tax expense (benefit), as revised	$	1,332	$	(12,183)	$	6,205	$	2,448
Net income (loss), as previously reported	$	(3,926)	$	11,507	$	(1,258)	$	10,640
Impact of adoption		3,025		2,966		2,822		4,584
Net income (loss), as revised	$	(901)	$	14,473	$	1,564	$	15,224

Summarized Selected Annual Financial Data:	Year Ended December 31,
($ in thousands)	2011		2010		2009		2008
Policy benefits, as previously reported	$	245,619	$	213,366	$	249,457	$	218,415
Impact of adoption		(1,167)		(1,214)		(1,289)		(478)
Policy benefits, as revised	$	244,452	$	212,152	$	248,168	$	217,937
Policy acquisition cost amortization, as previously reported	$	133,164	$	192,504	$	139,243	$	262,132
Impact of adoption		(20,700)		(28,090)		(30,243)		(57,636)
Policy acquisition cost amortization, as revised	$	112,464	$	164,414	$	109,000	$	204,496
Operating expenses, as previously reported	$	90,177	$	99,094	$	120,986	$	97,504
Impact of adoption		1,256		1,968		12,223		55,966
Operating expenses, as revised	$	91,433	$	101,062	$	133,209	$	153,470
Income (loss) before income taxes, as previously reported	$	7,551	$	(35,583)	$	(15,146)	$	(282,691)
Impact of adoption		20,611		27,336		19,309		2,148
Income (loss) before income taxes, as revised	$	28,162	$	(8,247)	$	4,163	$	(280,543)
Income tax expense (benefit), as previously reported	$	(9,412)	$	(10,707)	$	6,007	$	(87,497)
Impact of adoption		7,214		3,968		6,758		25,660
Income tax expense (benefit), as revised	$	(2,198)	$	(6,739)	$	12,765	$	(61,837)
Net income (loss), as previously reported	$	16,963	$	(24,876)	$	(21,153)	$	(195,194)
Impact of adoption		13,397		23,368		12,551		(23,512)
Net income (loss), as revised	$	30,360	$	(1,508)	$	(8,602)	$	(218,706)