Selected Quarterly Data

12 Months Ended

Dec. 31, 2011

Selected Quarterly Data [Abstract]

Selected Quarterly Data

Note 16—Selected Quarterly Data (Unaudited)

The following is a summary of quarterly results for the two years ended December 31, 2011. The information is unaudited but includes all adjustments (consisting of normal accruals) which management considers necessary for a fair presentation of the results of operations for these periods.

	Three Months Ended
	March 31,			June 30,			September 30,			December 31,
2011:
Premium and policy charges	$	679,901		$	672,350		$	650,525		$	653,542
Net investment income		171,647			173,104			173,491			174,786
Realized investment gains(losses)		(22,723	)		31,272			12,600			4,755
Total revenues		829,272			877,334			837,241			833,554
Policy benefits		464,127			454,694			438,774			435,681
Amortization of acquisition expenses		107,788			106,752			104,804			105,437
Pretax Income from continuing operations		155,812			218,528			198,822			182,504
Income from continuing operations		106,132			148,940			136,911			126,357
Income from discontinued operations		(599	)		0			144			0
Net income		105,533			148,940			137,055			126,357
Basic net income per common share*
Continuing operations		0.91			1.34			1.31			1.25
Discontinued operations		(0.01	)		0.00			0.00			0.00
Total basic net income per share		0.90			1.34			1.31			1.25
Diluted net income per common share*
Continuing operations		0.89			1.32			1.30			1.23
Discontinued operations		0.00			0.00			0.00			0.00
Total diluted net income per share		0.89			1.32			1.30			1.23
2010:
Premium and policy charges	$	670,944		$	669,569		$	657,827		$	653,418
Net investment income		167,111			170,612			172,337			166,304
Realized investment gains(losses)		7,261			(5,002	)		8,045			27,036
Total revenues		845,678			835,895			838,888			847,171
Policy benefits		468,934			454,177			433,514			436,419
Amortization of acquisition expenses		109,602			104,851			104,045			100,392
Pretax income from continuing operations		174,054			180,720			208,313			215,480
Income from continuing operations		115,393			119,848			138,097			148,955
Income from discontinued operations		6,283			6,201			(23,566	)		5,853
Net income		121,676			126,049			114,531			154,808
Basic net income per common share*
Continuing operations		0.93			0.97			1.14			1.24
Discontinued operations		0.05			0.05			(0.19	)		0.05
Total basic net income per share		0.98			1.02			0.95			1.29
Diluted net income per common share*
Continuing operations		0.92			0.97			1.13			1.23
Discontinued operations		0.05			0.05			(0.19	)		0.05
Total diluted net income per share		0.97			1.02			0.94			1.28

* Basic and diluted net income per share by quarter may not add to per share income on a year-to-date basis due to share weighting and rounding.