OPERATING SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2013

OPERATING SEGMENTS

Summary of financial information for the Company's segments

	For The Three Months Ended March 31,
	2013			2012
	(Dollars In Thousands)
Revenues
Life Marketing	$	338,679		$	315,506
Acquisitions	250,487			299,509
Annuities	164,353			139,062
Stable Value Products	31,920			34,656
Asset Protection	71,311			72,644
Corporate and Other	28,833			40,378
Total revenues	$	885,583		$	901,755
Segment Operating Income (Loss)
Life Marketing	$	23,477		$	29,997
Acquisitions	34,377			39,099
Annuities	42,869			35,459
Stable Value Products	17,844			12,646
Asset Protection	4,470			2,840
Corporate and Other	(19,896		)	21,266
Total segment operating income	103,141			141,307
Realized investment (losses) gains - investments (1)	(9,857		)	22,430
Realized investment (losses) gains - derivatives	16,530			(22,669		)
Income tax expense	(35,936		)	(45,212		)
Net Income	$	73,878		$	95,856
(2)Investment gains (losses)	$	(8,830	)	$	16,887
Less: related amortization of DAC/VOBA	1,027			(5,543		)
Realized investment gains (losses) in investments	$	(9,857	)	$	22,430
(3)Derivative gains (losses)	$	3,607		$	(29,909	)
Less: VA GMWB economic cost	(12,923		)	(7,240		)
Realized investment gains (losses) - derivatives	$	16,530		$	(22,669	)

(1) Includes credit related other-than-temporary impairments of $4.6 million and $18.6 million for the three months ended March 31, 2013, and 2012, respectively.

(2) Includes realized investment gains (losses) before related amortization.

(3) Includes realized gains (losses) on derivatives before settlements on interest rate swaps and the VA GMWB economic cost.

	Operating Segment Assets
	As of March 31, 2013
	(Dollars In Thousands)
	Life						Stable Value
	Marketing		Acquisitions		Annuities		Products
Investments and other assets	$	12,426,547	$	11,302,319	$	18,498,392	$	2,543,291
Deferred policy acquisition costs and value of business acquired	2,045,332		632,595		522,122		1,318
Goodwill	—		34,840		—		—
Total assets	$	14,471,879	$	11,969,754	$	19,020,514	$	2,544,609

	Asset		Corporate				Total
	Protection		and Other		Adjustments		Consolidated
Investments and other assets	$	750,098	$	9,437,968	$	18,287	$	54,976,902
Deferred policy acquisition costs and value of business acquired	49,688		975		—		3,252,030
Goodwill	48,158		—		—		82,998
Total assets	$	847,944	$	9,438,943	$	18,287	$	58,311,930

	Operating Segment Assets
	As of December 31, 2012
	(Dollars In Thousands)
	Life						Stable Value
	Marketing		Acquisitions		Annuities		Products
Investments and other assets	$	12,171,384	$	11,312,550	$	17,649,488	$	2,509,160
Deferred policy acquisition costs and value of business acquired	2,001,708		679,746		491,184		1,399
Goodwill	—		35,615		—		—
Total assets	$	14,173,092	$	12,027,911	$	18,140,672	$	2,510,559

	Asset		Corporate				Total
	Protection		and Other		Adjustments		Consolidated
Investments and other assets	$	740,153	$	9,446,057	$	19,662	$	53,848,454
Deferred policy acquisition costs and value of business acquired	50,253		1,066		—		3,225,356
Goodwill	48,158		—		—		83,773
Total assets	$	838,564	$	9,447,123	$	19,662	$	57,157,583