Segment and Other Operating Information (Tables)

9 Months Ended

Sep. 30, 2012

Segment Reporting [Abstract]

Summary of Segment Information, by Quarter

A summary of segment information for the quarters ended September 30, 2012 and 2011 is provided below.

Selected Segment Information:
	Domestic Life Insurance			International  Life Insurance	Annuities	All  Others	Totals
					(In thousands)
September 30, 2012
Selected Condensed Consolidated Balance Sheet Items:
Deferred policy acquisition costs and sales inducements	$	38,052		224,814	586,356	—	849,222
Total segment assets	450,649			1,111,039	8,302,668	239,259	10,103,615
Future policy benefits	380,752			821,178	7,265,670	—	8,467,600
Other policyholder liabilities	13,401			11,536	127,788	—	152,725
Three Months Ended
September 30, 2012
Condensed Consolidated Income Statements:
Premiums and contract revenues	$	7,680		28,453	4,915	—	41,048
Net investment income	6,037			12,255	115,781	5,001	139,074
Other revenues	(46		)	32	213	5,724	5,923
Total revenues	13,671			40,740	120,909	10,725	186,045
Life and other policy benefits	4,482			4,827	3,014	—	12,323
Amortization of deferred acquisition costs	437			2,083	25,883	—	28,403
Universal life and annuity contract interest	2,976			9,602	76,808	—	89,386
Other operating expenses	3,313			7,069	7,332	4,429	22,143
Federal income taxes (benefit)	865			6,271	3,215	2,328	12,679
Total expenses	12,073			29,852	116,252	6,757	164,934
Segment earnings (loss)	$	1,598		10,888	4,657	3,968	21,111

	Domestic Life Insurance		International Life Insurance	Annuities	All Others	Totals
				(In thousands)
Nine Months Ended
September 30, 2012
Condensed Consolidated Income Statements:
Premiums and contract revenues	$	22,499	83,999	16,389	—	122,887
Net investment income	15,846		34,967	302,045	13,955	366,813
Other revenues	6		378	14	17,046	17,444
Total revenues	38,351		119,344	318,448	31,001	507,144
Life and other policy benefits	7,750		14,622	17,486	—	39,858
Amortization of deferred acquisition costs	4,896		15,448	71,119	—	91,463
Universal life and annuity contract interest	11,419		30,845	174,669	—	216,933
Other operating expenses	10,659		19,605	19,104	15,245	64,613
Federal income taxes (benefit)	1,241		13,277	12,335	5,388	32,241
Total expenses	35,965		93,797	294,713	20,633	445,108
Segment earnings (loss)	$	2,386	25,547	23,735	10,368	62,036

Selected Segment Information:
	Domestic Life Insurance			International  Life Insurance		Annuities		All  Others	Totals
						(In thousands)
September 30, 2011
Selected Condensed Consolidated Balance Sheet Items:
Deferred policy acquisition costs and sales inducements	$	40,676		229,656		596,216		—	866,548
Total segment assets	401,243			1,034,324		7,784,519		219,376	9,439,462
Future policy benefits	335,100			744,862		6,831,949		—	7,911,911
Other policyholder liabilities	13,883			17,567		116,934		—	148,384
Three Months Ended
September 30, 2011
Condensed Consolidated Income Statements:
Premiums and contract revenues	$	8,345		25,375		5,515		—	39,235
Net investment income	1,655			3,253		33,940		5,690	44,538
Other revenues	3			(20	)	152		5,508	5,643
Total revenues	10,003			28,608		39,607		11,198	89,416
Life and other policy benefits	2,151			4,737		5,475		—	12,363
Amortization of deferred acquisition costs	2,791			8,249		18,869		—	29,909
Universal life and annuity contract interest	2,848			766		(1,741	)	—	1,873
Other operating expenses	2,426			4,353		7,059		5,110	18,948
Federal income taxes (benefit)	(66		)	3,561		3,414		2,059	8,968
Total expenses	10,150			21,666		33,076		7,169	72,061
Segment earnings (loss)	$	(147	)	6,942		6,531		4,029	17,355

	Domestic Life Insurance		International Life Insurance	Annuities	All Others	Totals
				(In thousands)
Nine Months Ended
September 30, 2011
Condensed Consolidated Income Statements:
Premiums and contract revenues	$	20,994	75,551	13,783	—	110,328
Net investment income	11,136		25,806	225,882	12,953	275,777
Other revenues	8		346	3,143	16,750	20,247
Total revenues	32,138		101,703	242,808	29,703	406,352
Life and other policy benefits	6,575		13,898	13,704	—	34,177
Amortization of deferred acquisition costs	8,445		24,374	63,427	—	96,246
Universal life and annuity contract interest	7,335		22,192	117,727	—	147,254
Other operating expenses	9,453		15,552	18,282	15,440	58,727
Federal income taxes (benefit)	108		8,417	9,722	4,674	22,921
Total expenses	31,916		84,433	222,862	20,114	359,325
Segment earnings (loss)	$	222	17,270	19,946	9,589	47,027

Reconciliation of Segment Premiums and Other Revenues to Condensed Consolidated Financial Statements

Reconciliations of segment information to the Company's condensed consolidated financial statements are provided below.

	Three Months Ended September 30,			Nine Months Ended September 30,
	2012		2011	2012	2011
	(In thousands)
Premiums and Other Revenues:
Premiums and contract revenues	$	41,048	39,235	122,887	110,328
Net investment income	139,074		44,538	366,813	275,777
Other revenues	5,923		5,643	17,444	20,247
Realized gains (losses) on investments	4,940		2,938	8,112	6,520
Total condensed consolidated premiums and other revenues	$	190,985	92,354	515,256	412,872

Reconciliation of Segment Federal Income Taxes to Condensed Consolidated Financial Statements

	Three Months Ended September 30,			Nine Months Ended September 30,
	2012		2011	2012	2011
	(In thousands)
Federal Income Taxes:
Total segment Federal income taxes	$	12,679	8,968	32,241	22,921
Taxes on realized gains (losses) on investments	1,729		1,028	2,839	2,282
Total condensed consolidated Federal income taxes	$	14,408	9,996	35,080	25,203

Reconciliation of Segment Net Earnings to Condensed Consolidated Financial Statements

	Three Months Ended September 30,			Nine Months Ended September 30,
	2012		2011	2012	2011
	(In thousands)
Net Earnings:
Total segment earnings	$	21,111	17,355	62,036	47,027
Realized gains (losses) on investments, net of taxes	3,211		1,910	5,273	4,238
Total condensed consolidated net earnings	$	24,322	19,265	67,309	51,265

Reconciliation of Segment Assets to Condensed Consolidated Financial Statements

	September 30,
	2012		2011
	(In thousands)
Assets:
Total segment assets	$	10,103,615	9,439,462
Other unallocated assets	62,479		62,680
Total condensed consolidated assets	$	10,166,094	9,502,142