SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2013

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of property and equipment

	As of December 31,
	2013			2012
	(Dollars In Thousands)
Home office building	$	74,313		$	72,587
Data processing equipment	35,789			29,209
Other, principally furniture and equipment	51,049			49,220
	161,151			151,016
Accumulated depreciation	(110,080		)	(103,625		)
Total property and equipment	$	51,071		$	47,391

Schedule of future maturities of stable value products

Year of Maturity	Amount
	(Dollars In Millions)
2014	$	555.2
2015-2016	1,294.4
2017-2018	684.1
Thereafter	25.9

Summary of activity in the liability for unpaid claims for life and health insurance

	As of December 31,
	2013			2012		2011
	(Dollars In Thousands)
Balance beginning of year	$	326,633		$	312,799	$	299,971
Less: reinsurance	155,341			161,450		156,932
Net balance beginning of year	171,292			151,349		143,039
Incurred related to:
Current year	698,028			702,555		653,525
Prior year	68,396			62,926		65,269
Total incurred	766,424			765,481		718,794
Paid related to:
Current year	682,877			664,744		639,118
Prior year	85,146			80,794		76,424
Total paid	768,023			745,538		715,542
Other changes:
Acquisition and reserve transfers	47,255		(1)	—		5,058
Net balance end of year	216,948			171,292		151,349
Add: reinsurance	117,502			155,341		161,450
Balance end of year	$	334,450		$	326,633	$	312,799

(1) This amount represents the net liability, before reinsurance, for unpaid claims as of December 31, 2013 for MONY Life Insurance Company. The claims activity from the acquisition date of October 1, 2013 through December 31, 2013 for MONY Life Insurance Company is not reflected in this chart.