XML 60 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statement of Operations (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
REVENUES    
Premiums $ 8,142 $ 6,493
Policy charges and fee income 201,667 198,864
Net investment income 44,501 58,540
Asset management fees and other income 57,110 64,775
Realized investment gains (losses), net:    
Other-than-temporary impairments on fixed maturity securities 0 0
Other-than-temporary impairments on fixed maturity securities transferred to Other Comprehensive Income 0 0
Other realized investment gains (losses), net (171) (38,096)
Total realized investment gains (losses), net (171) (38,096)
TOTAL REVENUES 311,249 290,576
BENEFITS AND EXPENSES    
Policyholders' benefits 28,943 18,618
Interest credited to policyholders' account balances 47,969 9,463
Amortization of deferred policy acquisition costs 38,983 (35,034)
General, administrative and other expenses 101,001 100,143
TOTAL BENEFITS AND EXPENSES 216,896 93,190
INCOME FROM OPERATIONS BEFORE INCOME TAXES 94,353 197,386
IncomeTaxExpenseBenefitAbstract    
Income tax expense (benefit) 16,855 49,998
NET INCOME 77,498 147,388
Other Comprehensive Income (Loss), before Tax [Abstract]    
Foreign currency translation adjustments (1) (15)
Unrealized investment gains (losses) for the period 20,190 (11,298)
Reclassification adjustment for (gains) losses included in net income (806) (2,713)
Net unrealized investment gains (losses) 19,384 (14,011)
Other comprehensive income (loss), before tax 19,383 (14,026)
Other Comprehensive Income (Loss), Tax [Abstract]    
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax (1) (5)
Other Comprehensive Income Loss Available For Sale Securities Tax 6,785 (4,904)
Other Comprehensive Income (Loss), Tax, Total 6,784 (4,909)
Other Comprehensive Income (Loss), Net of Tax [Abstract]    
Other comprehensive income (loss) 12,599 (9,117)
COMPREHENSIVE INCOME $ 90,097 $ 138,271