Comprehensive Income (Tables)
 3 Months Ended
Mar. 31, 2013
Disclosure Information About Comprehensive Income [Abstract]  
Information about Comprehensive Income
The table below provides information about comprehensive income for the first quarters ended March 31.
 
Pre-Tax
Amount
 
Tax Expense
or (Benefit)
 
Net-of-Tax
Amount
2013:
 
 
 
 
 
Net unrealized gains (losses) arising during the year:
 
 
 
 
 
Fixed maturity securities
$
(9,287
)
 
$
(3,251
)
 
$
(6,036
)
Equity securities
311

 
109

 
202

Less reclassification adjustments:
 
 
 
 
 
Net realized investment gains, excluding impairment
losses
612

 
214

 
398

Other-than-temporary impairment losses recognized in
earnings
(187
)
 
(65
)
 
(122
)
Other-than-temporary impairment losses recognized in
other comprehensive income
58

 
20

 
38

Net unrealized gains excluding impairment losses
(9,459
)
 
(3,311
)
 
(6,148
)
Effect on DAC and VOBA 1
24,032

 
8,411

 
15,621

Future policy benefits
442

 
155

 
287

Policyholder account balances
18

 
6

 
12

Other comprehensive income
$
15,033

 
$
5,261

 
9,772

Net income
 
 
 
 
5,188

Comprehensive income
 
 
 
 
$
14,960


 1 
The pre-tax amount includes $16.0 million for a one-time refinement in estimate and $5.6 million for the effect on the deferred revenue liability.

 
 
Pre-Tax
Amount
 
Tax Expense
or (Benefit)
 
Net-of-Tax
Amount
2012:
 
 
 
 
 
Net unrealized gains (losses) arising during the year:
 
 
 
 
 
Fixed maturity securities
$
7,324

 
$
2,563

 
$
4,761

Equity securities
2

 
1

 
1

Less reclassification adjustments:
 
 
 
 
 
Net realized investment gains, excluding impairment
losses
468

 
164

 
304

Other-than-temporary impairment losses recognized in
earnings
(268
)
 
(94
)
 
(174
)
Other-than-temporary impairment losses recognized in
other comprehensive income
108

 
38

 
70

Net unrealized gains excluding impairment losses
7,018

 
2,456

 
4,562

Effect on DAC and VOBA
(3,800
)
 
(1,330
)
 
(2,470
)
Future policy benefits
(2,256
)
 
(789
)
 
(1,467
)
Policyholder account balances
(116
)
 
(41
)
 
(75
)
Other comprehensive income
$
846

 
$
296

 
550

Net income
 
 
 
 
19,441

Comprehensive income
 
 
 
 
$
19,991
Accumulated Balances Related to Each Component of Accumulated Other Comprehensive Income
The following table provides accumulated balances related to each component of accumulated other comprehensive income at March 31, 2013.
 
Unrealized
Gain (Loss) on
Non-Impaired
Securities
 
Unrealized
Gain (Loss) on
Impaired
Securities
 
Benefit
Plan
Obligations
 
DAC/
VOBA
Impact
 
Future Policy Benefits
 
Policyholder
Account
Balances
 
Total
Beginning of year
$
174,495

 
$
706

 
$
(53,148
)
 
$
(48,322
)
 
$
(18,899
)
 
$
(738
)
 
$
54,094

Other comprehensive income before reclassification
(7,564
)
 
1,102

 
—

 
15,636

 
287

 
12

 
9,473

Amounts reclassified from accumulated other comprehensive income
398

 
(84
)
 
—

 
(15
)
 
—

 
—

 
299

Net current-period other comprehensive income
(7,166
)
 
1,018

 
—

 
15,621

 
287

 
12

 
9,772

End of period
$
167,329

 
$
1,724

 
$
(53,148
)
 
$
(32,701
)
 
$
(18,612
)
 
$
(726
)
 
$
63,866
Reclassification out of Accumulated Other Comprehensive Income
The following table presents the pretax and the related income tax expense (benefit) components of the amounts reclassified from the Company's accumulated other comprehensive income to the Company's consolidated statement of income for the three months ended March 31, 2013.

Quarter Ended
 
March 31
 
2013
Reclassification adjustments related to unrealized gains (losses)
on investment securities:
 
Having impairments recognized in the consolidated statements
    of comprehensive income 1
$
612

Income tax expense 2
(214
)
Net of taxes
398

 
 
Having no impairments recognized in the consolidated
    statements of comprehensive income 1
(129
)
Income tax benefit 2
45

Net of taxes
(84
)
 
 
Reclassification adjustment related to DAC and VOBA 1
(23
)
Income tax benefit 2
8

Net of taxes
(15
)
 
 
Total pretax reclassifications
460

Total income tax expense
(161
)
Total reclassification, net taxes
$
299