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9. Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2012

Notes to Financial Statements

Sources of 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

Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

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