COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jun. 30, 2011

COMPREHENSIVE INCOME (LOSS)

COMPREHENSIVE INCOME (LOSS)

9.             COMPREHENSIVE INCOME (LOSS)

The following table sets forth the Company’s comprehensive income (loss) for the periods presented below:

	For The						For The
	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2011			2010			2011			2010
	(Dollars In Thousands)
Net income	$	97,049		$	40,614		$	167,807		$	116,791
Change in net unrealized (losses) gains on investments, net of income tax: (three months: 2011 - $85,407; 2010 - $130,532; six months: 2011 - $103,236; 2010 - $272,322)	158,618			242,408			191,735			505,190
Change in net unrealized (losses) gains relating to other-than-temporary impaired investments for which a portion has been recognized in earnings, net of income tax: (three months: 2011 - $(5,407); 2010 - $(6,924); six months: 2011 - $(9,036); 2010 - $(10,419))	(10,043		)	(12,860		)	(16,782		)	(19,352		)
Change in accumulated gain (loss) - derivative, net of income tax: (three months: 2011 - $(1,777); 2010 - $(3,229); six months: 2011 - $1,844; 2010 - $(194))	(3,299		)	(5,952		)	3,425			(234		)
Reclassification adjustment for investment amounts included in net income, net of income tax: (three months: 2011 - $(7,349); 2010 - $3,801; six months: 2011 - $(10,392); 2010 - $4,969)	(13,654		)	7,069			(19,311		)	9,307
Reclassification adjustment for derivative amounts included in net income, net of income tax: (three months: 2011 - $238; 2010 - $768; six months: 2011 - $(123); 2010 - $(206))	443			1,382			(228		)	(370		)
Comprehensive income (loss)	$	229,114		$	272,661		$	326,646		$	611,332