Derivative Investments (Tables)

9 Months Ended

Sep. 30, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Instruments

The tables below present the fair value of derivative instruments as of September 30, 2012 and December 31, 2011, respectively.

	September 30, 2012
	Asset Derivatives			Liability Derivatives
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
		(In thousands)			(In thousands)
Derivatives not designated as hedging instruments
Equity index options	Derivatives, Index Options	$	87,833
Fixed-indexed products				Universal Life and Annuity Contracts	$	98,396
Total		$	87,833		$	98,396

	December 31, 2011
	Asset Derivatives			Liability Derivatives
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
		(In thousands)			(In thousands)
Derivatives not designated as hedging instruments
Equity index options	Derivatives, Index Options	$	30,844
Fixed-indexed products				Universal Life and Annuity Contracts	$	47,129
Total		$	30,844		$	47,129

Schedule of Derivative Instruments in Condensed Consolidated Statements of Earnings

The table below presents the effect of derivative instruments in the Condensed Consolidated Statements of Earnings for the three months ended September 30, 2012 and 2011.

		September 30, 2012			September 30, 2011
Derivatives Not Designated  As Hedging Instruments	Location of Gain  or (Loss) Recognized In Income on Derivative	Amount of Gain or  (Loss) Recognized in  Income on Derivative
		(In thousands)
Equity index options	Net investment income	$	32,369		(61,524	)
Fixed-index products	Universal life and annuity contract interest	(32,988		)	65,751
		$	(619	)	4,227

The table below presents the effect of derivative instruments in the Condensed Consolidated Statements of Earnings for the nine months ended September 30, 2012 and 2011.

		September 30, 2012			September 30, 2011
Derivatives Not Designated  As Hedging Instruments	Location of Gain  or (Loss) Recognized In Income on Derivative	Amount of Gain or  (Loss) Recognized in  Income on Derivative
		(In thousands)
Equity index options	Net investment income	$	42,328		(38,774	)
Fixed-index products	Universal life and annuity contract interest	(48,050		)	41,971
		$	(5,722	)	3,197