Deferred Acquisition Costs

12 Months Ended

Dec. 31, 2011

Deferred Acquisition Costs [Abstract]

Deferred Acquisition Costs

Note 5—Deferred Acquisition Costs

An analysis of deferred acquisition costs is as follows:

	2011			2010			2009
Balance at beginning of year	$	3,406,335		$	3,319,505		$	3,228,887
Additions:
Deferred during period:
Commissions		291,267			296,043			309,722
Other expenses		242,640			229,367			248,984
Total deferred		533,907			525,410			558,706
Foreign exchange adjustment		0			5,055			10,663
Total additions		533,907			530,465			569,369
Deductions:
Amortized during period		(424,781	)		(418,890	)		(415,986	)
Foreign exchange adjustment		(1,931	)		0			0
Adjustment attributable to unrealized investment gains(1)		(28,679	)		(24,745	)		(62,765	)
Total deductions		(455,391	)		(443,635	)		(478,751	)
Balance at end of year	$	3,484,851		$	3,406,335		$	3,319,505

(1) Represents amounts pertaining to investments relating to universal life-type products.

In the event of lapses or early withdrawals in excess of those assumed, deferred acquisition costs may not be recoverable.