Segment and Other Operating Information (Tables)

9 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Summary of Segment Information, by Quarter

A summary of segment information for the quarters ended September 30, 2013 and September 30, 2012 is provided below.

Selected Segment Information:
	Domestic Life Insurance		International  Life Insurance	Annuities	All  Others	Totals
				(In thousands)
September 30, 2013
Selected Condensed Consolidated Balance Sheet Items:
Deferred policy acquisition costs and sales inducements	$	50,067	235,922	650,526	—	936,515
Total segment assets	559,824		1,161,517	8,487,915	253,097	10,462,353
Future policy benefits	485,754		899,090	7,549,441	—	8,934,285
Other policyholder liabilities	13,177		16,778	129,867	—	159,822
Three Months Ended
September 30, 2013
Condensed Consolidated Income Statements:
Premiums and contract revenues	$	3,944	28,865	4,873	—	37,682
Net investment income	6,928		10,957	118,521	4,997	141,403
Other revenues	12		60	22	5,728	5,822
Total revenues	10,884		39,882	123,416	10,725	184,907
Life and other policy benefits	4,003		11,040	1,898	—	16,941
Amortization of deferred acquisition costs	1,015		3,287	19,942	—	24,244
Universal life and annuity contract interest	2,261		8,525	76,700	—	87,486
Other operating expenses	2,782		5,987	8,565	5,341	22,675
Federal income taxes (benefit)	268		3,596	5,298	1,751	10,913
Total expenses	10,329		32,435	112,403	7,092	162,259
Segment earnings (loss)	$	555	7,447	11,013	3,633	22,648

	Domestic Life Insurance		International Life Insurance	Annuities	All Others	Totals
				(In thousands)
Nine months ended
September 30, 2013
Condensed Consolidated Income Statements:
Premiums and contract revenues	$	22,967	87,061	14,998	—	125,026
Net investment income	22,943		43,224	371,704	14,033	451,904
Other revenues	21		211	52	17,670	17,954
Total revenues	45,931		130,496	386,754	31,703	594,884
Life and other policy benefits	8,129		17,910	22,042	—	48,081
Amortization of deferred acquisition costs	5,260		17,000	61,640	—	83,900
Universal life and annuity contract interest	17,320		39,760	242,144	—	299,224
Other operating expenses	11,496		18,820	23,117	16,009	69,442
Federal income taxes (benefit)	1,206		11,982	12,242	5,081	30,511
Total expenses	43,411		105,472	361,185	21,090	531,158
Segment earnings (loss)	$	2,520	25,024	25,569	10,613	63,726

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

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,
	2013		2012	2013	2012
	(In thousands)
Premiums and Other Revenues:
Premiums and contract revenues	$	37,682	41,048	125,026	122,887
Net investment income	141,403		139,074	451,904	366,813
Other revenues	5,822		5,923	17,954	17,444
Realized gains (losses) on investments	3,285		4,940	7,199	8,112
Total condensed consolidated premiums and other revenues	$	188,192	190,985	602,083	515,256

Reconciliation of Segment Federal Income Taxes to Condensed Consolidated Financial Statements

	Three Months Ended September 30,			Nine Months Ended September 30,
	2013		2012	2013	2012
	(In thousands)
Federal Income Taxes:
Total segment Federal income taxes	$	10,913	12,679	30,511	32,241
Taxes on realized gains (losses) on investments	1,151		1,729	2,520	2,839
Total condensed consolidated Federal income taxes	$	12,064	14,408	33,031	35,080

Reconciliation of Segment Net Earnings to Condensed Consolidated Financial Statements

	Three Months Ended September 30,			Nine Months Ended September 30,
	2013		2012	2013	2012
	(In thousands)
Net Earnings:
Total segment earnings	$	22,648	21,111	63,726	62,036
Realized gains (losses) on investments, net of taxes	2,134		3,211	4,679	5,273
Total condensed consolidated net earnings	$	24,782	24,322	68,405	67,309

Reconciliation of Segment Assets to Condensed Consolidated Financial Statements

	September 30,
	2013		2012
	(In thousands)
Assets:
Total segment assets	$	10,462,353	10,103,615
Other unallocated assets	206,115		62,479
Total condensed consolidated assets	$	10,668,468	10,166,094