Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
REVENUES    
Premiums, net$ 32,476$ 35,786$ 96,902$ 104,934
Contract charges25,42726,64375,41379,985
Total insurance revenues57,90362,429172,315184,919
Investment revenues:    
Net investment income43,09344,120133,377130,696
Realized investment gains, excluding impairment losses2102633,1153,079
Net impairment losses recognized in earnings:    
Total other-than-temporary impairment losses(167)(1,080)(674)(4,129)
Portion of impairment losses recognized in other comprehensive income17170131309
Net impairment losses recognized in earnings(150)(910)(543)(3,820)
Total investment revenues43,15343,473135,949129,955
Other revenues2,2152,2237,2896,913
Total revenues103,271108,125315,553321,787
BENEFITS AND EXPENSES    
Policyholder benefits38,54046,374122,679136,789
Interest credited to policyholder account balances21,11921,56162,36664,301
Amortization of deferred acquisition costs11,5778,65221,86619,777
Operating expenses24,59324,75276,95675,332
Total benefits and expenses95,829101,339283,867296,199
Income before income tax expense7,4426,78631,68625,588
Income tax expense2,9762,33011,25610,109
NET INCOME4,4664,45620,43015,479
Comprehensive income, net of taxes:    
Change in net unrealized gains on securities available for sale20,31225,61637,20771,730
Other comprehensive income20,31225,61637,20771,730
COMPREHENSIVE INCOME$ 24,778$ 30,072$ 57,637$ 87,209
Basic and diluted earnings per share:    
Net income$ 0.39$ 0.39$ 1.78$ 1.35