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Income Taxes (Tables)
9 Months Ended
Sep. 30, 2012
Summary of Effective Income Tax Rate

The effective income tax rate differed from the expected 35% rate as shown below:

 

     Three months ended September 30,     Nine months ended September 30,  
     2012     2011     2012     2011  
     Amount     %     Amount     %     Amount     %     Amount     %  

Expected income taxes

   $ 66,077        35.0      $ 66,543        35.0      $ 190,892        35.0      $ 191,343        35.0   

Increase (reduction) in income taxes resulting from:

                

Tax-exempt investment income

     (796     (0.4     (906     (0.5     (2,701     (0.5     (2,599     (0.5

Low-income housing investments

     (7,150     (3.8     (7,066     (3.7     (21,728     (4.0     (17,184     (3.2

Other

     (12     0.0        296        0.2        606        0.1        355        0.1   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income tax expense

   $ 58,119        30.8      $ 58,867        31.0      $ 167,069        30.6      $ 171,915        31.4