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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues      
Premiums and policy fees $ 2,784,134 $ 2,609,357 $ 2,674,680
Reinsurance ceded (1,363,914) (1,380,712) (1,509,036)
Net of reinsurance ceded 1,420,220 1,228,645 1,165,644
Net investment income 1,753,444 1,624,845 1,603,063
Realized investment gains (losses):      
Derivative financial instruments (155,005) (144,438) (176,880)
All other investments 247,753 158,420 303,709
Other-than-temporary impairment losses (62,210) (74,970) (227,587)
Portion recognized in other comprehensive income (before taxes) 14,889 33,606 47,696
Net impairment losses recognized in earnings (47,321) (41,364) (179,891)
Other income 189,494 110,876 212,443
Total revenues 3,408,585 2,936,984 2,928,088
Benefits and expenses      
Benefits and settlement expenses, net of reinsurance ceded: (2011 - $1,231,405; 2010 - $1,283,054; 2009 - $1,430,621) 2,222,220 2,076,392 1,960,046
Amortization of deferred policy acquisition costs and value of business acquired 300,450 189,255 320,357
Other operating expenses, net of reinsurance ceded: (2011 - $203,868; 2010 - $205,299; 2009 - $212,393) 373,964 284,070 222,651
Total benefits and expenses 2,896,634 2,549,717 2,503,054
Income before income tax 511,951 387,267 425,034
Income tax (benefit) expense      
Current (4,576) 6,544 (55,885)
Deferred 169,093 122,485 203,448
Total income tax expense 164,517 129,029 147,563
Net income $ 347,434 $ 258,238 $ 277,471