Deferred Acquisition Costs

12 Months Ended

Dec. 31, 2013

Insurance [Abstract]

Deferred Acquisition Costs

Note 5—Deferred Acquisition Costs

An analysis of deferred acquisition costs is as follows:

	2013			2012			2011
Balance at beginning of year	$	3,198,431		$	2,916,732		$	2,869,546
Additions:
Deferred during period:
Commissions		331,060			312,581			283,961
Other expenses		193,203			168,237			157,864
Total deferred		524,263			480,818			441,825
Value of insurance purchased during year		8,489			175,257			0
Foreign exchange adjustment		0			3,557			0
Adjustment attributable to unrealized investment losses(1)		14,906			7,234			0
Total additions		547,658			666,866			441,825
Deductions:
Amortized during period		(403,389	)		(385,167	)		(364,583	)
Foreign exchange adjustment		(5,051	)		0			(1,765	)
Adjustment attributable to unrealized investment gains(1)		0			0			(28,291	)
Total deductions		(408,440	)		(385,167	)		(394,639	)
Balance at end of year	$	3,337,649		$	3,198,431		$	2,916,732

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