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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues                      
Premiums and policy fees $ 837,706 $ 653,664 $ 752,752 $ 723,200 $ 717,948 $ 681,324 $ 707,720 $ 692,398 $ 2,967,322 $ 2,799,390 $ 2,784,134
Reinsurance ceded (387,192) (277,628) (396,777) (325,840) (365,821) (311,862) (336,119) (296,295) (1,387,437) (1,310,097) (1,363,914)
Net of reinsurance ceded 450,514 376,036 355,975 397,360 352,127 369,462 371,601 396,103 1,579,885 1,489,293 1,420,220
Net investment income 515,340 434,772 447,064 439,012 460,784 446,374 438,648 443,532 1,836,188 1,789,338 1,753,444
Realized investment gains (losses):                      
Derivative financial instruments                 82,161 (227,816) (155,005)
All other investments                 (121,537) 232,836 247,753
Other-than-temporary impairment losses                 (10,941) (67,130) (62,210)
Portion recognized in other comprehensive income (before taxes)                 (11,506) 8,986 14,889
Net impairment losses recognized in earnings                 (22,447) (58,144) (47,321)
Other income 69,825 65,523 60,638 54,434 54,244 51,046 50,121 75,142 250,420 230,553 189,494
Total revenues 1,022,452 880,594 816,041 885,583 823,070 864,196 867,039 901,755 3,604,670 3,456,060 3,408,585
Benefits and expenses                      
Benefits and settlement expenses, net of reinsurance ceded: (2013 - $1,207,781; 2012 - $1,228,897; 2011 - $1,231,405)                 2,473,988 2,317,121 2,222,220
Amortization of deferred policy acquisition costs and value of business acquired                 154,660 192,183 249,520
Other operating expenses, net of reinsurance ceded: (2013 - $199,079; 2012 - $200,442; 2011 - $203,868)                 553,523 487,177 461,570
Total benefits and expenses 902,049 767,239 737,114 775,769 728,313 757,507 749,974 760,687 3,182,171 2,996,481 2,933,310
Income before income tax 120,403 113,355 78,927 109,814 94,757 106,689 117,065 141,068 422,499 459,579 475,275
Income tax (benefit) expense                      
Current                 (18,298) 81,006 (4,576)
Deferred                 149,195 70,037 156,095
Total income tax expense 31,931 37,107 25,923 35,936 34,615 35,778 35,438 45,212 130,897 151,043 151,519
Net income $ 88,472 $ 76,248 $ 53,004 $ 73,878 $ 60,142 $ 70,911 $ 81,627 $ 95,856 $ 291,602 $ 308,536 $ 323,756