Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

IncomeTaxDisclosureAbstract

ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock

	2013		2012		2011
				(in thousands)
Current tax expense:
U.S.	$	36,759	$	26,637	$	32,230
State and local		-		-		-
Total	$	36,759	$	26,637	$	32,230
Deferred tax expense:
U.S.		295,613		196,997		(198,293)
State and local		-		-		-
Total	$	295,613	$	196,997	$	(198,293)
Total income tax expense (benefit) on income from continuing operations		332,372		223,634		(166,063)
Income tax expense (benefit) reported in equity related to:
Other comprehensive income (loss)		(41,149)		(7,218)		(16,240)
Additional paid-in capital		4,354		5,730		-
Total income tax expense (benefit)	$	295,577	$	222,146	$	(182,303)

ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock

		2013		2012		2011
				(in thousands)
Expected federal income tax expense (benefit)	$	413,162	$	300,192	$	(111,165)
Non taxable investment income		(69,665)		(66,895)		(47,451)
Tax credits		(10,595)		(10,279)		(7,517)
Other		(529)		616		70
Total income tax expense (benefit)	$	332,372	$	223,634	$	(166,063)

ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

		2013		2012
		(in thousands)
Deferred tax assets
Insurance reserves	$	292,815	$	398,481
Investments		124,489		86,745
Compensation reserves		1,860		3,223
Other		-		1,547
Deferred tax assets		419,165		489,996
Deferred tax liabilities
VOBA and deferred policy acquisition cost		435,775		269,507
Deferred sales inducements		66,046		194,890
Net unrealized gain on securities		283,236		133,136
Other		464		-
Deferred tax liabilities		785,521		597,533
Net deferred tax asset (liability)	$	(366,356)	$	(107,537)