5. Separate Accounts, Death Benefits and Benefit (Tables)

6 Months Ended

Jun. 30, 2012

Notes to Financial Statements

Separate Account Investments of Account Balances of Variable Annuity Contracts with Guarantees

Separate Account Investments of Account Balances of Variable Annuity Contracts with Guarantees:	June 30,		Dec 31,
($ in thousands)	2012		2011
Debt securities	$	375,187	$	395,540
Equity funds		1,520,692		1,537,736
Other		57,278		58,300
Total	$	1,953,157	$	1,991,576

Investments of Account Balances of Fixed Indexed Annuity Contracts with Guarantees:

Investments of Account Balances of Fixed Indexed Annuity Contracts with Guarantees:	June 30,		Dec 31,
($ in thousands)	2012		2011
Debt securities	$	1,227,878	$	972,354
Equity funds		--		--
Other		--		--
Total	$	1,227,878	$	972,354

Changes in Guaranteed Liability Balances

Changes in Guaranteed Liability Balances:	As of
($ in thousands)	June 30, 2012
	Variable Annuity
	GMDB		GMIB
Liability balance as of January 1, 2012	$	4,892	$	17,200
Incurred		(585)		3,553
Paid		665		--
Liability balance as of June 30, 2012	$	4,972	$	20,753

Changes in Guaranteed Liability Balances:	Year Ended
($ in thousands)	December 31, 2011
	Variable Annuity
	GMDB		GMIB
Liability balance as of January 1, 2011	$	4,570	$	17,457
Incurred		(1,608)		(257)
Paid		1,930		--
Liability balance as of December 31, 2011	$	4,892	$	17,200

GMDB Benefits by Type

Variable Annuity GMDB Benefits by Type:			Net Amount		Average
($ in thousands)	Account		at Risk after		Attained Age
	Value		Reinsurance		of Annuitant
GMDB return of premium	$	788,804	$	12,275		62
GMDB step up		1,282,770		68,182		63
GMDB earnings enhancement benefit (“EEB”)		38,591		168		63
GMDB greater of annual step up and roll up		26,686		8,174		66
Total GMDB at June 30, 2012	$	2,136,851	$	88,799
GMDB return of premium	$	825,573	$	21,576		62
GMDB step up		1,307,870		110,666		62
GMDB earnings enhancement benefit (“EEB”)		39,715		400		62
GMDB greater of annual step up and roll up		27,106		8,759		66
Total GMDB at December 31, 2011	$	2,200,264	$	141,401

Additional Insurance Benefits:			Average
($ in thousands)	Account		Attained Age
	Value		of Annuitant
GMWB	$	530,709		63
GMIB		411,428		63
GMAB		378,344		57
GPAF		14,188		78
COMBO		9,563		61
Total at June 30, 2012	$	1,344,232
GMWB	$	529,027		62
GMIB		428,058		63
GMAB		374,423		57
GPAF		18,446		77
COMBO		9,756		60
Total at December 31, 2011	$	1,359,710

Additional Insurance Benefits:

Additional Insurance Benefits:			Average
($ in thousands)	Account		Attained Age
	Value		of Annuitant
GMWB	$	530,709		63
GMIB		411,428		63
GMAB		378,344		57
GPAF		14,188		78
COMBO		9,563		61
Total at June 30, 2012	$	1,344,232
GMWB	$	529,027		62
GMIB		428,058		63
GMAB		374,423		57
GPAF		18,446		77
COMBO		9,756		60
Total at December 31, 2011	$	1,359,710

Variable Annuity Embedded Derivative Liabilities

Variable Annuity Embedded Derivative Liabilities:	June 30,		Dec 31,
($ in thousands)	2012		2011
GMWB	$	17,632	$	16,313
GMAB		20,434		24,665
GPAF		1,101		1,865
COMBO		(304)		(312)
Total variable annuity embedded derivative liabilities	$	38,863	$	42,531

Changes in Guaranteed Liability Balances

Changes in Guaranteed Liability Balances:	Fixed Indexed Annuity
($ in thousands)	GMWB & GMDB
	June 30,		Dec 31
	2012		2011
Liability balance, beginning of period	$	5,614	$	204
Incurred		6,143		5,410
Paid		--		--
Liability balance, end of period	$	11,757	$	5,614