XML 131 R110.htm IDEA: XBRL DOCUMENT v2.4.0.6
Reconciliation of Segment Operating Information to Consolidated Statement of Operations (Detail) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Segment Reporting Information [Line Items]                      
Premium $ 732,545 $ 699,860 $ 705,582 $ 718,475 $ 653,542 $ 650,525 $ 672,350 $ 679,901 $ 2,856,462 $ 2,656,318 $ 2,651,758
Net investment income 174,947 169,400 175,176 174,121 174,786 173,491 173,104 171,647 693,644 693,028 676,364
Other income                 1,577 2,151 2,170
Total revenue                 3,551,683 3,351,497 3,330,292
Policy benefits 479,109 479,119 484,807 512,647 435,681 438,774 454,694 464,127 1,955,682 1,793,276 1,793,044
Required interest on policy reserves                 0 0 0
Required interest on deferred acquisition costs                 0 0 0
Amortization of acquisition costs 98,052 94,016 96,601 96,498 90,557 89,899 91,664 92,463 385,167 364,583 362,390
Commissions, premium taxes, and non-deferred acquisition costs                 203,986 216,216 209,827
Insurance administrative expense                 165,405 [1] 178,989 [1] 155,615 [1]
Parent expense                 11,166 7,693 8,809
Stock-based compensation expense                 21,605 14,954 11,848
Interest expense                 80,512 77,908 75,529
Total benefits and expense                 2,823,523 2,653,619 2,617,062
Sub total                 728,160 697,878 713,230
Non operating items                 2,944 19,880  
Amortization of low-income housing interests                 22,488 [2] 14,277 [2] 9,153 [3]
Measure of segment profitability (pretax)                 753,592 732,035 722,383
Deduct applicable income taxes                 (246,945) (238,335) (242,558)
Segment profits after tax                 506,647 493,700 479,825
Add back income taxes applicable to segment profitabi                 246,945 238,335 242,558
Add (deduct) realized investment gains (losses) 20,883 7,283 4,661 5,006 4,755 12,600 31,272 (22,723) 37,833 25,904 37,340
Deduct amortization of low-income housing                 (22,488) [2] (14,277) [2] (9,153) [3]
Deduct state administrative settlement expense                   (6,901) [4]  
Deduct Family Heritage Life acquisition expenses                 (2,944) [5]    
Deduct loss on sale of equipment                   (979) [6]  
Deduct litigation expense                   (12,000) [7]  
Income from continuing operations before income taxes 220,587 188,791 186,380 170,235 177,090 190,123 209,052 147,517 765,993 723,782 750,570
Life Insurance
                     
Segment Reporting Information [Line Items]                      
Premium                 1,808,524 1,726,244 1,663,699
Total revenue                 1,808,524 1,726,244 1,663,699
Policy benefits                 1,172,020 1,118,909 1,082,423
Required interest on policy reserves                 (483,892) (458,029) (434,319)
Required interest on deferred acquisition costs                 163,875 159,886 154,473
Amortization of acquisition costs                 309,930 292,168 289,068
Commissions, premium taxes, and non-deferred acquisition costs                 137,115 152,347 141,792
Total benefits and expense                 1,299,048 1,265,281 1,233,437
Sub total                 509,476 460,963 430,262
Measure of segment profitability (pretax)                 509,476 460,963 430,262
Health Insurance
                     
Segment Reporting Information [Line Items]                      
Premium                 1,047,783 930,493 987,937
Total revenue                 1,047,783 930,493 987,937
Policy benefits                 739,945 632,847 669,707
Required interest on policy reserves                 (40,963) (36,729) (35,368)
Required interest on deferred acquisition costs                 19,059 18,883 19,758
Amortization of acquisition costs                 65,278 62,345 66,309
Commissions, premium taxes, and non-deferred acquisition costs                 67,123 64,157 68,565
Total benefits and expense                 850,442 741,503 788,971
Sub total                 197,341 188,990 198,966
Measure of segment profitability (pretax)                 197,341 188,990 198,966
Annuity
                     
Segment Reporting Information [Line Items]                      
Premium                 559 608 638
Total revenue                 559 608 638
Policy benefits                 44,121 42,547 41,430
Required interest on policy reserves                 (59,293) (57,040) (51,996)
Required interest on deferred acquisition costs                 2,238 2,618 2,709
Amortization of acquisition costs                 9,959 10,070 7,013
Commissions, premium taxes, and non-deferred acquisition costs                 69 68 134
Total benefits and expense                 (2,906) (1,737) (710)
Sub total                 3,465 2,345 1,348
Measure of segment profitability (pretax)                 3,465 2,345 1,348
Investment
                     
Segment Reporting Information [Line Items]                      
Net investment income                 715,918 707,041 685,253
Total revenue                 715,918 707,041 685,253
Required interest on policy reserves                 584,148 551,798 521,683
Required interest on deferred acquisition costs                 (185,172) (181,387) (176,940)
Interest expense                 80,298 77,644 75,265
Total benefits and expense                 479,274 448,055 420,008
Sub total                 236,644 258,986 265,245
Measure of segment profitability (pretax)                 236,644 258,986 265,245
All Other Segments
                     
Segment Reporting Information [Line Items]                      
Other income                 1,898 2,507 2,834
Total revenue                 1,898 2,507 2,834
Insurance administrative expense                 165,405 [1] 159,109 [1] 155,615 [1]
Total benefits and expense                 165,405 159,109 155,615
Sub total                 (163,507) (156,602) (152,781)
Measure of segment profitability (pretax)                 (163,507) (156,602) (152,781)
Corporate
                     
Segment Reporting Information [Line Items]                      
Parent expense                 8,222 7,693 8,809
Stock-based compensation expense                 21,605 14,954 11,848
Total benefits and expense                 29,827 22,647 20,657
Sub total                 (29,827) (22,647) (20,657)
Measure of segment profitability (pretax)                 (29,827) (22,647) (20,657)
Adjustments
                     
Segment Reporting Information [Line Items]                      
Premium                 (404) [8] (1,027) [8] (516) [8]
Net investment income                 (22,274) [2],[9] (14,013) [2],[9] (8,889) [3],[9]
Other income                 (321) [10] (356) [10] (664) [10]
Total revenue                 (22,999) (15,396) (10,069)
Policy benefits                 (404) [8] (1,027) [8] (516) [8]
Commissions, premium taxes, and non-deferred acquisition costs                 (321) [10] (356) [10] (664) [10]
Insurance administrative expense                   19,880 [1],[4],[6],[7]  
Parent expense                 2,944 [5]    
Interest expense                 214 [9] 264 [9] 264 [9]
Total benefits and expense                 2,433 18,761 (916)
Sub total                 (25,432) (34,157) (9,153)
Non operating items                 2,944 [5] 19,880 [4],[6],[7]  
Amortization of low-income housing interests                 22,488 [2] 14,277 [2] 9,153 [3]
Measure of segment profitability (pretax)                 0 0 0
Deduct amortization of low-income housing                 $ (22,488) [2] $ (14,277) [2] $ (9,153) [3]
[1] Administrative expense is not allocated to insurance segments.
[2] Amortization of low-income housing interests.
[3] Amortization of low-income housing interests, previously considered a reduction of consolidated pretax segment profitability.
[4] State administrative settlement expense.
[5] Family Heritage Life acquisition expense.
[6] Loss on sale of equipment.
[7] Litigation expense.
[8] Medicare Part D items adjusted to GAAP from the segment analysis, which matches expected benefits with policy premium.
[9] Reclassification of interest amount due to accounting rule requiring deconsolidation of Trust Preferred Securities.
[10] Elimination of intersegment commission.