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Statements Of Operations And Comprehensive Income (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
REVENUES    
Premiums $ 5,766 $ 8,512
Policy charges and fee income 201,624 204,502
Net investment income 73,893 81,131
Asset administration fees and other income 68,001 78,576
Realized investment gains (losses), net:    
Other-than-temporary impairments on fixed maturity securities (1,611) (9,085)
Other-than-temporary impairments on fixed maturity securities transferred to other Comprehensive Income 1,542 8,926
Other realized investment gains (losses), net (36,014) (1,700)
Total realized investment gains (losses), net (36,083) (1,859)
Total revenues 313,201 370,862
BENEFITS AND EXPENSES    
Policyholders' benefits (9,257) 14,192
Interest credited to policyholders' account balances (87,455) 66,484
Amortization of deferred policy acquisition costs (231,146) 22,188
General administrative and other expenses 109,860 107,420
Total benefits and expenses (217,998) 210,284
Income from operations before income taxes 531,199 160,578
Income tax expense 158,852 39,057
NET INCOME 372,347 121,521
Other comprehensive income, before tax:    
Foreign currency translation adjustments 3   
Unrealized investment gains (losses) for the period (13,789) (35,991)
Reclassification adjustment for (gains) losses included in net income (7,068) (15,565)
Net unrealized investment gains (losses) (20,857) (51,556)
Other comprehensive income (loss), before tax: (20,854) (51,556)
Less: Income tax expense (benefit) related to items of other comprehensive income (7,292) (18,045)
Other comprehensive income (loss), net of taxes: (13,562) (33,511)
COMPREHENSIVE INCOME $ 358,785 $ 88,010