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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues    
Premiums and policy fees $ 723,200 $ 692,398
Reinsurance ceded (325,840) (296,295)
Net of reinsurance ceded 397,360 396,103
Net investment income 439,012 443,532
Realized investment gains (losses):    
Derivative financial instruments 3,607 (29,909)
All other investments (4,246) 35,483
Other-than-temporary impairment losses (1,340) (34,099)
Portion recognized in other comprehensive income (before taxes) (3,244) 15,503
Net impairment losses recognized in earnings (4,584) (18,596)
Other income 54,434 75,142
Total revenues 885,583 901,755
Benefits and expenses    
Benefits and settlement expenses, net of reinsurance ceded: (2013 - $306,578; 2012 - $282,776) 580,976 587,009
Amortization of deferred policy acquisition costs and value of business acquired 50,039 53,687
Other operating expenses, net of reinsurance ceded: (2013 - $41,746; 2012 - $47,751) 144,754 119,991
Total benefits and expenses 775,769 760,687
Income before income tax 109,814 141,068
Income tax expense 35,936 45,212
Net income $ 73,878 $ 95,856