Adoption of New Accounting Standard (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Analysis Deferred Acquisition Costs

A roll forward presenting an analysis of the changes in the deferred acquisition costs balances for the 2012 and 2011 periods is as follows:

Deferred Acquisition Costs

	Nine months ended September 30,
	2012			2011(1)
Balance at beginning of year	$	2,916,732		$	2,869,546
Additions:
Deferred during period:
Commissions		230,565			212,258
Other expenses		124,738			116,792
Total deferred		355,303			329,050
Adjustment attributable to unrealized investment losses (2)		5,353			0
Foreign exchange adjustment		4,471			0
Total additions		365,127			329,050
Deductions:
Amortized during period		(287,115	)		(274,026	)
Adjustment attributable to unrealized investment gains (2)		0			(37,048	)
Foreign exchange adjustment		0			(2,243	)
Total deductions					(313,317	)
Balance at end of period	$	2,994,744		$	2,885,279

(1) The 2011 balances have been retroactively adjusted to give effect to the adoption of the new accounting guidance.

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