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Statement of Operations (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUES      
Premiums $ 21,824 $ 28,648 $ 29,477
Policy charges and fee income 796,995 824,808 741,190
Net investment income 277,651 306,010 377,109
Asset management fees and other income 266,321 291,629 290,210
Realized investment gains (losses), net:      
Other-than-temporary impairments on fixed maturity securities (6,852) (23,624) (42,228)
Other-than-temporary impairments on fixed maturity securities transferred to Other Comprehensive Income 6,594 22,662 39,224
Other realized investment gains (losses), net (82,972) 72,745 139,043
Total realized investment gains (losses), net (83,230) 71,783 136,039
TOTAL REVENUES 1,279,561 1,522,878 [1] 1,574,025 [1]
BENEFITS AND EXPENSES      
Policyholders' benefits 124,316 128,149 40,911
Interest credited to policyholders' account balances 60,830 554,197 371,798
Amortization of deferred policy acquisition costs (188,042) 716,088 [1] 178,669 [1]
General, administrative and other expenses 424,764 442,062 [1] 449,351 [1]
TOTAL BENEFITS AND EXPENSES 421,868 1,840,496 [1] 1,040,729 [1]
INCOME FROM OPERATIONS BEFORE INCOME TAXES 857,693 (317,618) [1] 533,296 [1]
Income Tax Expense (Benefit) [Abstract]      
Current Income Tax Expense (Benefit) 26,637 32,230 (28,619)
Deferred Income Tax Expense (Benefit) 196,997 (198,293) 148,125
Income tax expense (benefit) 223,634 (166,063) [1] 119,506 [1]
NET INCOME 634,059 (151,555) [1] 413,790 [1]
Other Comprehensive Income (Loss), before Tax [Abstract]      
Foreign currency translation adjustments 10 0 0
Unrealized investment gains (losses) for the period 2,734 29,991 104,799
Reclassification adjustment for (gains) losses included in net income (23,387) (76,391) (31,683)
Net unrealized investment gains (losses) (20,653) (46,400) 73,116
Other comprehensive income (loss), before tax (20,643) (46,400) 73,116
Other Comprehensive Income (Loss), Tax [Abstract]      
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax 4 0 0
Other Comprehensive Income Loss Available For Sale Securities Tax (7,222) (16,240) 25,591
Other Comprehensive Income (Loss), Tax, Total (7,218) (16,240) 25,591
Other Comprehensive Income (Loss), Net of Tax [Abstract]      
Other comprehensive income (loss) (13,425) (30,160) 47,525
COMPREHENSIVE INCOME $ 620,634 $ (181,715) $ 461,315
[1] “As previously reported” column represents balances reported in the Annual Report on Form 10-K for the year ended December 31, 2011, originally filed with the SEC on March 9, 2012. “As currently reported” column was included in the 8-K filed with the SEC on November 28, 2012.