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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
3 Months Ended
Mar. 31, 2013
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)  
Summary of changes in the accumulated balances for each component of accumulated other comprehensive income (loss)

Changes in Accumulated Other Comprehensive Income (Loss) by Component

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

Accumulated

 

 

 

Unrealized

 

Accumulated

 

Other

 

 

 

Gains and Losses

 

Gain and Loss

 

Comprehensive

 

 

 

on Investments

 

Derivatives

 

Income (Loss)

 

 

 

(Dollars In Thousands, Net of Tax)

 

Beginning Balance

 

$

1,814,620

 

$

(3,496

)

$

1,811,124

 

Other comprehensive income (loss) before reclassifications

 

(141,762

)

2,866

 

(138,896

)

Other comprehensive income relating to other-than-temporary impaired investments for which a portion has been recognized in earnings

 

7,837

 

 

7,837

 

Amounts reclassified from accumulated other comprehensive income(1)

 

(5,015

)

323

 

(4,692

)

Net current-period other comprehensive income (loss)

 

(138,940

)

3,189

 

(135,751

)

Ending Balance

 

$

1,675,680

 

$

(307

)

$

1,675,373

 

 

(1) See Reclassification table below for details.

Schedule of reclassifications amounts out of AOCI

 

 

Reclassifications Out of Accumulated Other Comprehensive Income (Loss) 

 

 

 

Amount

 

 

 

 

 

Reclassified

 

 

 

 

 

from Accumulated

 

 

 

 

 

Other Comprehensive

 

Affected Line Item in the

 

 

 

Income (Loss) 

 

Consolidated Condensed Statements of Income

 

 

 

(Dollars In Thousands)

 

 

 

Accumulated Other Comprehensive Income  (Loss) Components

 

Gains and losses on derivative instruments

 

 

 

 

 

Net settlement (expense)/benefit

 

$

(497

)

Benefits and settlement expenses, net of reinsurance ceded

 

 

 

(497

)

Total before tax

 

 

 

174

 

Tax (expense) or benefit

 

 

 

$

(323

)

Net of tax

 

 

 

 

 

 

 

Unrealized gains and losses on available-for-sale securities

 

 

 

 

 

Net investment gains/(losses)

 

$

12,299

 

Realized investment gains (losses): All other investments

 

Impairments recognized in earnings

 

(4,584

)

Net impairment losses recognized in earnings

 

 

 

7,715

 

Total before tax

 

 

 

(2,700

)

Tax (expense) or benefit

 

 

 

$

5,015

 

Net of tax