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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2011
Income Taxes [Abstract]  
Components Of Income Taxes
     Year Ended December 31,  
     2011     2010     2009  

Income tax expense from continuing operations

   $ 237,326      $ 256,274      $ 191,024   

Income tax expense from discontinued operations

     (467     11,830        9,216   

Shareholders' equity:

      

Other comprehensive income (loss)

     284,161        184,233        458,358   

Tax basis compensation expense (from the exercise of stock options and vesting of restricted stock awards) in excess of amounts recognized for financial reporting purposes

     (13,121     (3,455     (253
  

 

 

   

 

 

   

 

 

 
   $ 507,899      $ 448,882      $ 658,345   
  

 

 

   

 

 

   

 

 

 
Income Tax Expense From Continuing Operations
     Year Ended December 31,  
     2011      2010      2009  

Current income tax expense

   $ 169,500       $ 147,346       $ 147,917   

Deferred income tax expense

     67,826         108,928         43,107   
  

 

 

    

 

 

    

 

 

 
   $ 237,326       $ 256,274       $ 191,024   
  

 

 

    

 

 

    

 

 

 
Summary Of Effective Income Tax Rate
     Year Ended December 31,  
     2011     %     2010     %     2009     %  

Expected income taxes

   $ 264,483        35.0   $ 272,498        35.0   $ 201,977        35.0

Increase (reduction) in income taxes resulting from:

            

Tax-exempt investment income

     (3,468     (.5     (3,371     (.4     (3,483     (.6

Tax settlements

     0        0        0        0        (3,101     (.5

Low income housing investments

     (24,258     (3.2     (12,900     (1.7     (6,038     (1.0

Other

     569        .1        47        0        1,669        .3   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income tax expense

   $ 237,326        31.4   $ 256,274        32.9   $ 191,024        33.2
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Significant Portions Of Deferred Tax Assets And Deferred Tax Liabilities
     December 31,  
     2011      2010  

Deferred tax assets:

     

Fixed maturity investments

   $ 35,670       $ 50,126   

Carryover of tax losses

     7,429         12,293   

Unrealized losses

     0         2,023   

Other assets and other liabilities

     5,509         1,352   
  

 

 

    

 

 

 

Total gross deferred tax assets

     48,608         65,794   

Deferred tax liabilities:

     

Unrealized gains

     276,591         0   

Employee and agent compensation

     57,136         55,781   

Deferred acquisition costs

     911,816         877,561   

Future policy benefits, unearned and advance premiums, and policy claims

     355,825         338,771   
  

 

 

    

 

 

 

Total gross deferred tax liabilities

     1,601,368         1,272,113   
  

 

 

    

 

 

 

Net deferred tax liability

   $ 1,552,760       $ 1,206,319   
  

 

 

    

 

 

 
Reconciliation Of Beginning And Ending Amount Of Unrecognized Tax Benefits
     2011     2010     2009  

Balance at January 1,

   $ 875      $ 3,960      $ 8,481   

Increase based on tax positions taken in current period

     0        245        73   

Increase related to tax positions taken in prior periods

     0        280        0   

Decrease related to tax positions taken in prior periods

     (875     (3,610     (4,594

Decrease due to settlements

     0        0        0   
  

 

 

   

 

 

   

 

 

 

Balance at December 31,

   $ 0      $ 875      $ 3,960