CONSOLIDATED QUARTERLY RESULTS - UNAUDITED

12 Months Ended

Dec. 31, 2011

CONSOLIDATED QUARTERLY RESULTS - UNAUDITED

CONSOLIDATED QUARTERLY RESULTS - UNAUDITED

22.CONSOLIDATED QUARTERLY RESULTS - UNAUDITED

The Company’s unaudited consolidated quarterly operating data for the years ended December 31, 2011 and 2010 is presented below. In the opinion of management, all adjustments (consisting only of normal recurring items) necessary for a fair statement of quarterly results have been reflected in the following data. It is also management’s opinion, however, that quarterly operating data for insurance enterprises are not necessarily indicative of results that may be expected in succeeding quarters or years. In order to obtain a more accurate indication of performance, there should be a review of operating results, changes in shareowner’s equity, and cash flows for a period of several quarters.

	First			Second			Third			Fourth
	Quarter			Quarter			Quarter			Quarter
	(Dollars In Thousands)
2011
Premiums and policy fees	$	662,256		$	712,472		$	693,161		$	716,245
Reinsurance ceded	(324,417		)	(356,603		)	(319,732		)	(363,162		)
Net of reinsurance ceded	337,839			355,869			373,429			353,083
Net investment income	427,311			434,425			445,928			445,780
Realized investment gains (losses)	(7,986		)	19,974			31,880			1,559
Other income	43,863			56,107			47,262			42,262
Total revenues	801,027			866,375			898,499			842,684
Benefits and expenses	692,304			717,780			767,024			719,526
Income before income tax	108,723			148,595			131,475			123,158
Income tax expense	37,965			51,546			42,739			32,267
Net income	$	70,758		$	97,049		$	88,736		$	90,891
2010
Premiums and policy fees	$	624,835		$	675,205		$	636,239		$	673,078
Reinsurance ceded	(299,914		)	(372,925		)	(326,716		)	(381,157		)
Net of reinsurance ceded	324,921			302,280			309,523			291,921
Net investment income	398,188			408,548			413,377			404,732
Realized investment gains (losses)	13,291			(67,386		)	8,664			18,049
Other income	22,557			25,205			30,579			32,535
Total revenues	758,957			668,647			762,143			747,237
Benefits and expenses	647,484			606,478			659,938			635,817
Income before income tax	111,473			62,169			102,205			111,420
Income tax expense	35,296			21,555			34,557			37,621
Net income	$	76,177		$	40,614		$	67,648		$	73,799