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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues        
Premiums and policy fees $ 707,720 $ 712,472 [1] $ 1,400,118 $ 1,374,728 [1]
Reinsurance ceded (336,119) (356,603) [1] (632,414) (681,020) [1]
Net of reinsurance ceded 371,601 355,869 [1] 767,704 693,708 [1]
Net investment income 438,648 434,425 [1] 882,180 861,736 [1]
Realized investment gains (losses):        
Derivative financial instruments (47,768) (35,045) [1] (77,677) (47,909) [1]
All other investments 67,879 64,454 [1] 103,362 74,995 [1]
Other-than-temporary impairment losses (13,582) (15,564) [1] (47,681) (31,585) [1]
Portion recognized in other comprehensive income (before taxes) 140 6,129 [1] 15,643 16,487 [1]
Net impairment losses recognized in earnings (13,442) (9,435) [1] (32,038) (15,098) [1]
Other income 50,121 56,107 [1] 125,263 99,970 [1]
Total revenues 867,039 866,375 [1] 1,768,794 1,667,402 [1]
Benefits and expenses        
Benefits and settlement expenses, net of reinsurance ceded: (three months: 2012 - $307,012; 2011 - $357,948; six months: 2012 - $589,788; 2011 - $671,945) 565,414 548,650 [1] 1,152,423 1,082,510 [1]
Amortization of deferred policy acquisition costs and value of business acquired 64,150 61,712 [1] 117,837 122,514 [1]
Other operating expenses, net of reinsurance ceded: (three months: 2012 - $46,931; 2011 - $49,988) six months: 2012 - $94,682; 2011 - $96,263) 120,410 115,852 [1] 240,401 226,875 [1]
Total benefits and expenses 749,974 726,214 [1] 1,510,661 1,431,899 [1]
Income before income tax 117,065 140,161 [1] 258,133 235,503 [1]
Income tax expense 35,438 48,557 [1] 80,650 81,780 [1]
Net income $ 81,627 [1] $ 91,604 [1] $ 177,483 $ 153,723 [1]
[1] Recast from previously reported information