| Information about comprehensive income |
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Quarter Ended June 30, 2012 |
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|
Before-Tax
Amount |
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|
Tax (Expense)
or Benefit |
|
|
Net-of-Tax
Amount |
|
|
Net unrealized gains (losses) arising during the year
|
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|
|
|
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Fixed maturity securities
|
|
$ |
32,275 |
|
|
$ |
11,297 |
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|
$ |
20,978 |
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|
Equity securities
|
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|
(55 |
) |
|
|
(20 |
) |
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|
(35 |
) |
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Less reclassification adjustments:
|
|
|
|
|
|
|
|
|
|
|
|
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Net realized investment gains (losses), excluding impairment losses
|
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|
412 |
|
|
|
144 |
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|
268 |
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Other-than-temporary impairment losses recognized in earnings
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(188 |
) |
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(66 |
) |
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(122 |
) |
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Other-than-temporary impairment losses recognized in other comprehensive income
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|
42 |
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15 |
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27 |
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Net unrealized gains (losses) excluding impairment losses
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31,954 |
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|
11,184 |
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|
20,770 |
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Effect on DAC and VOBA
|
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|
(7,454 |
) |
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|
(2,609 |
) |
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(4,845 |
) |
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Future policy benefits
|
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|
(5,389 |
) |
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|
(1,887 |
) |
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|
(3,502 |
) |
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Policyholder account balances
|
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|
(219 |
) |
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|
(76 |
) |
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|
(143 |
) |
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Other comprehensive income
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$ |
18,892 |
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|
$ |
6,612 |
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$ |
12,280 |
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Net income
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8,397 |
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Comprehensive income
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$ |
20,677 |
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Quarter Ended June 30, 2011 |
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|
Before-Tax
Amount |
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|
Tax (Expense)
or Benefit |
|
|
Net-of-Tax
Amount |
|
|
Net unrealized gains (losses) arising during the year
|
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|
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|
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|
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Fixed maturity securities
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$ |
39,150 |
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$ |
13,703 |
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$ |
25,447 |
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Equity securities
|
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|
41 |
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|
14 |
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27 |
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Less reclassification adjustments:
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Net realized investment gains (losses), excluding impairment losses
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|
2,013 |
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|
705 |
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|
1,308 |
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Other-than-temporary impairment losses recognized in earnings
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|
(238 |
) |
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|
(83 |
) |
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|
(155 |
) |
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Other-than-temporary impairment losses recognized in other comprehensive income
|
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|
56 |
|
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|
20 |
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|
36 |
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Net unrealized gains (losses) excluding impairment losses
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37,360 |
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|
13,075 |
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|
24,285 |
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Effect on DAC and VOBA
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|
(6,897 |
) |
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(2,414 |
) |
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(4,483 |
) |
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Future policy benefits
|
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|
(4,502 |
) |
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(1,576 |
) |
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|
(2,926 |
) |
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Policyholder account balances
|
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(127 |
) |
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(44 |
) |
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(83 |
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Other comprehensive income
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$ |
25,834 |
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$ |
9,041 |
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$ |
16,793 |
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Net income
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11,173 |
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Comprehensive income
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$ |
27,966 |
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Six Months Ended June 30, 2012 |
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|
Before-Tax
Amount |
|
|
Tax (Expense)
or Benefit |
|
|
Net-of-Tax
Amount |
|
|
Net unrealized gains (losses) arising during the year
|
|
|
|
|
|
|
|
|
|
|
|
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Fixed maturity securities
|
|
$ |
39,599 |
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$ |
13,860 |
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|
$ |
25,739 |
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Equity securities
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|
(53 |
) |
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|
(19 |
) |
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|
(34 |
) |
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Less reclassification adjustments:
|
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Net realized investment gains (losses), excluding impairment losses
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|
880 |
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|
308 |
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|
572 |
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Other-than-temporary impairment losses recognized in earnings
|
|
|
(456 |
) |
|
|
(160 |
) |
|
|
(296 |
) |
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Other-than-temporary impairment losses recognized in other comprehensive income
|
|
|
150 |
|
|
|
53 |
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|
97 |
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| |
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Net unrealized gains (losses) excluding impairment losses
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38,972 |
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|
13,640 |
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|
25,332 |
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Effect on DAC and VOBA
|
|
|
(11,254 |
) |
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(3,939 |
) |
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(7,315 |
) |
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Future policy benefits
|
|
|
(7,645 |
) |
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|
(2,676 |
) |
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|
(4,969 |
) |
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Policyholder account balances
|
|
|
(335 |
) |
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|
(117 |
) |
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(218 |
) |
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Other comprehensive income
|
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$ |
19,738 |
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|
$ |
6,908 |
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|
$ |
12,830 |
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Net income
|
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|
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|
|
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27,838 |
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| |
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Comprehensive income
|
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|
|
|
|
|
|
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|
$ |
40,668 |
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Six Months Ended June 30, 2011 |
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|
Before-Tax
Amount |
|
|
Tax (Expense)
or Benefit |
|
|
Net-of-Tax
Amount |
|
|
Net unrealized gains (losses) arising during the year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed maturity securities
|
|
$ |
39,004 |
|
|
$ |
13,652 |
|
|
$ |
25,352 |
|
|
Equity securities
|
|
|
69 |
|
|
|
24 |
|
|
|
45 |
|
|
Less reclassification adjustments:
|
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|
|
|
|
|
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|
|
|
|
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Net realized investment gains (losses), excluding impairment losses
|
|
|
3,133 |
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|
|
1,097 |
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|
|
2,036 |
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Other-than-temporary impairment losses recognized in earnings
|
|
|
(507 |
) |
|
|
(177 |
) |
|
|
(330 |
) |
|
Other-than-temporary impairment losses recognized in other comprehensive income
|
|
|
114 |
|
|
|
40 |
|
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|
74 |
|
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|
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|
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Net unrealized gains (losses) excluding impairment losses
|
|
|
36,333 |
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|
|
12,716 |
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|
|
23,617 |
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Effect on DAC and VOBA
|
|
|
(6,830 |
) |
|
|
(2,391 |
) |
|
|
(4,439 |
) |
|
Future policy benefits
|
|
|
(3,395 |
) |
|
|
(1,189 |
) |
|
|
(2,206 |
) |
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Policyholder account balances
|
|
|
(117 |
) |
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|
(40 |
) |
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|
(77 |
) |
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|
|
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Other comprehensive income
|
|
$ |
25,991 |
|
|
$ |
9,096 |
|
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$ |
16,895 |
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Net income
|
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15,964 |
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Comprehensive income
|
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|
|
|
|
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$ |
32,859 |
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| Accumulated balances related to each component of accumulated other comprehensive income |
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Net
Unrealized
Gain (Loss) on
Non-Impaired
Securities |
|
|
Net
Unrealized
Gain (Loss) on
Impaired
Securities |
|
|
Benefit
Plan
Obligations |
|
|
DAC/
VOBA
Impact |
|
|
Future
Policy
Benefits |
|
|
Policyholder
Account
Balances |
|
|
Tax Effect |
|
|
Total |
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|
Beginning of year
|
|
$ |
213,800 |
|
|
$ |
(15,612 |
) |
|
$ |
(78,451 |
) |
|
$ |
(56,971 |
) |
|
$ |
(15,903 |
) |
|
$ |
(578 |
) |
|
$ |
(16,199 |
) |
|
$ |
30,086 |
|
|
Other comprehensive income
|
|
|
33,164 |
|
|
|
5,808 |
|
|
|
- |
|
|
|
(11,254 |
) |
|
|
(7,645 |
) |
|
|
(335 |
) |
|
|
(6,908 |
) |
|
|
12,830 |
|
| |
|
|
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End of period
|
|
$ |
246,964 |
|
|
$ |
(9,804 |
) |
|
$ |
(78,451 |
) |
|
$ |
(68,225 |
) |
|
$ |
(23,548 |
) |
|
$ |
(913 |
) |
|
$ |
(23,107 |
) |
|
$ |
42,916 |
|
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