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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Investments    
Fixed maturities, available for sale, at fair value (amortized cost 2014, $6,030,976; 2013, $5,784,205) $ 6,398,442 [1] $ 6,009,573 [1]
Equity securities, available for sale, at fair value (cost 2014, $85,428; 2013, $84,754) 94,189 91,858
Short-term and other investments 308,649 438,042
Total investments 6,801,280 6,539,473
Cash 34,915 18,189
Deferred policy acquisition costs 222,575 245,355
Goodwill 47,396 47,396
Other assets 232,242 228,264
Separate Account (variable annuity) assets 1,745,044 [2] 1,747,995 [2]
Total assets 9,083,452 8,826,672
Policy liabilities    
Fixed annuity contract liabilities 3,564,453 3,515,865
Interest-sensitive life contract liabilities 781,092 777,292
Unpaid claims and claim expenses 295,184 291,627
Future policy benefits 224,552 223,295
Unearned premiums 214,240 221,114
Total policy liabilities 5,079,521 5,029,193
Other policyholder funds 347,585 346,292
Other liabilities 475,579 366,013
Short-term debt 38,000 38,000
Long-term debt 199,890 199,874
Separate Account (variable annuity) liabilities 1,745,044 1,747,995
Total liabilities 7,885,619 7,727,367
Preferred stock, $0.001 par value, authorized 1,000,000 shares; none issued 0 0
Common stock, $0.001 par value, authorized 75,000,000 shares; issued, 2014, 63,902,509; 2013, 63,629,105 64 64
Additional paid-in capital 413,461 407,056
Retained earnings 1,018,894 1,000,312
Accumulated other comprehensive income (loss), net of taxes:    
Net unrealized gains on fixed maturities and equity securities 211,398 [3],[4] 133,990 [3],[4]
Net funded status of pension and other postretirement benefit obligations (11,776) [3] (11,776) [3]
Treasury stock, at cost, 2014, 23,254,530 shares; 2013, 23,117,554 shares (434,208) (430,341)
Total shareholders' equity 1,197,833 1,099,305
Total liabilities and shareholders' equity $ 9,083,452 $ 8,826,672
[1] Fair value includes securities issued by Federal National Mortgage Association (“FNMA”) of $343,090 and $336,193; Federal Home Loan Mortgage Corporation (“FHLMC”) of $434,214 and $427,172; and Government National Mortgage Association (“GNMA”) of $132,896 and $126,245 as of March 31, 2014 and December 31, 2013, respectively.
[2] Separate Account (variable annuity) liabilities are set equal to Separate Account (variable annuity) assets.
[3] All amounts are net of tax.
[4] The pretax amounts reclassified from accumulated other comprehensive income, $1,699 and $6,862, are included in net realized investment gains and losses and the related tax expenses, $595 and $2,402, are included in income tax expense in the Consolidated Statements of Operations for the three months ended March 31, 2014 and 2013, respectively.