OPERATING SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2014

OPERATING SEGMENTS

Summary of financial information for the Company's segments

	For The Three Months Ended March 31,
	2014			2013
	(Dollars In Thousands)
Revenues
Life Marketing	$	352,823		$	338,679
Acquisitions	426,948			250,487
Annuities	191,975			164,353
Stable Value Products	27,851			31,920
Asset Protection	72,846			71,311
Corporate and Other	16,906			28,833
Total revenues	$	1,089,349		$	885,583
Segment Operating Income (Loss)
Life Marketing	$	22,497		$	23,477
Acquisitions	60,996			34,377
Annuities	45,328			42,869
Stable Value Products	17,397			17,844
Asset Protection	4,809			4,470
Corporate and Other	(23,681		)	(19,896		)
Total segment operating income	127,346			103,141
Realized investment (losses) gains - investments (1)	57,930			(9,857		)
Realized investment (losses) gains - derivatives	(33,665		)	16,530
Income tax expense	(49,062		)	(35,936		)
Net Income	$	102,549		$	73,878
(2)Investment gains (losses)	$	70,555		$	(8,830	)
Less: amortization related to DAC/VOBA and benefits and settlement expenses	12,625			1,027
Realized investment gains (losses) in investments	$	57,930		$	(9,857	)
(3)Derivative gains (losses)	$	(39,574	)	$	3,607
Less: VA GMWB economic cost	(5,909		)	(12,923		)
Realized investment gains (losses) - derivatives	$	(33,665	)	$	16,530

(1) Includes credit related other-than-temporary impairments of $1.6 million and $4.6 million for the three months ended March 31, 2014, and 2013, respectively.

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

(3)Includes realized gains (losses) on derivatives before the VA GMWB economic cost.

	Operating Segment Assets
	As of March 31, 2014
	(Dollars In Thousands)
	Life						Stable Value
	Marketing		Acquisitions		Annuities		Products
Investments and other assets	$	13,386,623	$	20,154,237	$	20,336,853	$	2,536,603
Deferred policy acquisition costs and value of business acquired	2,013,199		711,429		529,756		901
Goodwill	—		31,742		—		—
Total assets	$	15,399,822	$	20,897,408	$	20,866,609	$	2,537,504

	Asset		Corporate				Total
	Protection		and Other		Adjustments		Consolidated
Investments and other assets	$	787,646	$	8,950,499	$	16,158	$	66,168,619
Deferred policy acquisition costs and value of business acquired	46,831		552		—		3,302,668
Goodwill	48,158		—		—		79,900
Total assets	$	882,635	$	8,951,051	$	16,158	$	69,551,187

	Operating Segment Assets
	As of December 31, 2013
	(Dollars In Thousands)
	Life						Stable Value
	Marketing		Acquisitions		Annuities		Products
Investments and other assets	$	13,135,914	$	20,201,081	$	20,029,310	$	2,558,551
Deferred policy acquisition costs and value of business acquired	2,071,470		813,239		554,974		1,001
Goodwill	—		32,517		—		—
Total assets	$	15,207,384	$	21,046,837	$	20,584,284	$	2,559,552

	Asset		Corporate				Total
	Protection		and Other		Adjustments		Consolidated
Investments and other assets	$	777,388	$	8,006,256	$	16,762	$	64,725,262
Deferred policy acquisition costs and value of business acquired	49,275		646		—		3,490,605
Goodwill	48,158		—		—		80,675
Total assets	$	874,821	$	8,006,902	$	16,762	$	68,296,542