Derivative Investments (Tables)

3 Months Ended

Mar. 31, 2013

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 March 31, 2013 and December 31, 2012, respectively.

	March 31, 2013
	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	$	130,967
Fixed-indexed products				Universal Life and Annuity Contracts	$	149,895
Total		$	130,967		$	149,895

	December 31, 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	$	57,890
Fixed-indexed products				Universal Life and Annuity Contracts	$	72,470
Total		$	57,890		$	72,470

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 March 31, 2013 and 2012.

		March 31, 2013			March 31, 2012
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	$	74,432		42,437
Fixed-index products	Universal life and annuity contract interest	(70,084		)	(47,615	)
		$	4,348		(5,178	)