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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues    
Premiums and policy fees $ 812,323 $ 723,200
Reinsurance ceded (333,506) (325,840)
Net of reinsurance ceded 478,817 397,360
Net investment income 514,037 439,012
Realized investment gains (losses):    
Derivative financial instruments (39,574) 3,607
All other investments 72,146 (4,246)
Other-than-temporary impairment losses (423) (1,340)
Portion recognized in other comprehensive income (before taxes) (1,168) (3,244)
Net impairment losses recognized in earnings (1,591) (4,584)
Other income 65,514 54,434
Total revenues 1,089,349 885,583
Benefits and expenses    
Benefits and settlement expenses, net of reinsurance ceded: (2014 - $304,136; 2013 - $308,071) 727,428 580,976
Amortization of deferred policy acquisition costs and value of business acquired 65,882 50,039
Other operating expenses, net of reinsurance ceded: (2014 - $44,392; 2013 - $41,746) 144,428 144,754
Total benefits and expenses 937,738 775,769
Income before income tax 151,611 109,814
Income tax expense 49,062 35,936
Net income $ 102,549 $ 73,878