SIGNIFICANT ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2014

SIGNIFICANT ACQUISITIONS

Summary of the consideration paid for the acquisition and the preliminary determination of the fair value of assets acquired and liabilities assumed at the acquisition

	Fair Value
	As of
	October 1, 2013
	(Dollars In Thousands)
Assets
Fixed maturities, at fair value	$	6,557,853
Equity securities, at fair value	108,413
Mortgage loans	830,415
Policy loans	967,534
Short-term investments	130,963
Total investments	8,595,178
Cash	216,164
Accrued investment income	114,695
Accounts and premiums receivable, net of allowance for uncollectible amounts	26,055
Reinsurance receivables	422,692
Value of business acquired	205,767
Other assets	5,104
Income tax receivables	21,197
Deferred income taxes	188,142
Separate account assets	195,452
Total assets	$	9,990,446
Liabilities
Future policy benefits and claims	$	7,645,969
Unearned premiums	3,066
Total policy liabilities and accruals	7,649,035
Annuity account balances	752,163
Other policyholders’ funds	636,448
Other liabilities	66,124
Non-recourse funding obligation	2,548
Separate account liabilities	195,344
Total liabilities	9,301,662
Net assets acquired	$	688,784

Schedule of pro forma condensed consolidated results of operations

	Unaudited
	For The		For The
	Three Months Ended		Nine Months Ended
	September 30, 2013		September 30, 2013
	(Dollars In Thousands)
Revenue	$	1,094,417	$	3,222,936
Net income	$	111,224	$	262,132