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Segment Information
 6 Months Ended
Jun. 30, 2012
Segment Information Statement [Abstract]  
Segment Information

7. Segment Information

The accounting policies of the segments are the same as those described in the Summary of Significant Accounting Policies in Note 2 of the consolidated financial statements accompanying the DAC Current Report. The Company measures segment performance primarily based on profit or loss from operations before income taxes. There are no intersegment reinsurance transactions and the Company does not have any material long-lived assets. Investment income is allocated to the segments based upon average assets and related capital levels deemed appropriate to support the segment business volumes.

The Company allocates capital to its segments based on an internally developed economic capital model, the purpose of which is to measure the risk in the business and to provide a basis upon which capital is deployed. The economic capital model considers the unique and specific nature of the risks inherent in the Company's businesses. As a result of the economic capital allocation process, a portion of investment income and investment related gains and losses are attributed to the segments based on the level of allocated capital. In addition, the segments are charged for excess capital utilized above the allocated economic capital basis. This charge is included in policy acquisition costs and other insurance expenses. Information related to total revenues, income (loss) before income taxes, and total assets of the Company for each reportable segment are summarized below (dollars in thousands).

 Three months ended June 30, Six months ended June 30,
Total revenues:2012 2011 2012 2011
U.S.$ 1,370,221 $ 1,255,317 $ 2,694,368 $ 2,608,543
Canada  276,239   264,098   551,862   530,625
Europe & South Africa  323,943   296,385   632,280   577,388
Asia Pacific  377,733   346,474   737,418   685,988
Corporate and Other  27,617   41,703   52,800   83,868
Total$ 2,375,753 $ 2,203,977 $ 4,668,728 $ 4,486,412

 Three months ended June 30, Six months ended June 30,
Income (loss) before income taxes:2012 2011 2012 2011
U.S.$ 140,586 $ 114,277 $ 233,331 $ 261,846
Canada  35,030   44,089   90,093   74,001
Europe & South Africa  19,591   12,525   26,197   35,060
Asia Pacific  23,859   4,326   55,926   26,302
Corporate and Other  (3,174)   11,952   (8,892)   16,715
Total$ 215,892 $ 187,169 $ 396,655 $ 413,924

       
Total Assets:June 30, 2012 December 31, 2011 
U.S.$ 24,620,708 $ 17,965,559 
Canada  3,605,798   3,347,771 
Europe & South Africa  2,148,457   1,846,751 
Asia Pacific  3,000,018   2,902,101 
Corporate and Other  4,969,342   5,571,791 
Total$ 38,344,323 $ 31,633,973 

The increase in total assets in the U.S. segment since December 31, 2011 is primarily due to a $5.4 billion investment receivable related to a large fixed annuity transaction executed in the second quarter of 2012.