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Federal Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Federal Income Taxes [Abstract]

Reconciliation of Federal Income Tax on Income from Continuing Operations Before Federal Income Tax at the Corporate Rate to the Effective Tax Rate

($ in thousands)		2011		2010		2009
Tax at statutory rate of 35%	$	2,823		28,685		13,715
Tax-advantaged interest		(14,381)		(15,992)		(18,205)
Dividends received deduction		(870)		(357)		(513)
Nonqualified deferred compensation		7		(273)		(721)
Other		(29)		572		252
Federal income tax (benefit) expense from continuing operations	$	(12,450)		12,635		(5,472)

Deferred Tax Assets and Liabilities

($ in thousands)		2011		2010
Deferred tax assets:
Net loss reserve discounting	$	99,768		98,014
Net unearned premiums		53,191		49,955
Employee benefits		33,100		27,079
Long-term incentive compensation plans		8,471		9,209
Temporary investment write-downs		13,251		9,340
Net operating loss		4,791		-
Tax credits		10,938		5,138
Other		7,638		6,109
Total deferred tax assets		231,148		204,844
Deferred tax liabilities:
Deferred policy acquisition costs		74,137		72,840
Unrealized gains on investment securities		53,996		30,522
Other investment-related items, net		4,034		2,080
Accelerated depreciation and amortization		6,295		6,168
Total deferred tax liabilities		138,462		111,610
Net deferred federal income tax asset	$	92,686		93,234

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Topic 740

-SubTopic 10

-Publisher FASB

-Number

-Article

-Subparagraph

-Name Accounting Standards Codification

-Paragraph 2

-Section 50

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Topic 740

-SubTopic 10

-Publisher FASB

-Number

-Article

-Subparagraph

-Name Accounting Standards Codification

-Paragraph 12

-Section 50

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

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