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Federal Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Abstract]

Reconciliation of Federal Income Tax on Income at the Corporate Rate to the Effective Tax Rate

($ in thousands)		2012				2011			2010
Tax at statutory rate of 35%		$	13,172			3,990			29,453
Tax-advantaged interest		(13,285		)		(14,381	)		(15,992	)
Dividends received deduction		(1,260		)		(870	)		(357	)
Nonqualified deferred compensation		(262		)		7			(273	)
Amortization of intangible assets		687				—			—
Other		620				(29	)		572
Federal income tax (benefit) expense from continuing operations		$	(328	)		(11,283	)		13,403

Deferred Tax Assets and Liabilities

($ in thousands)		2012				2011
Deferred tax assets:
Net loss reserve discounting		$	97,561			99,768
Net unearned premiums		58,981				53,191
Employee benefits		39,752				33,100
Long-term incentive compensation plans		10,078				8,471
Temporary investment write-downs		8,236				13,251
Net operating loss		12,120				4,183
Tax credits		14,150				10,938
Other		9,056				7,638
Total deferred tax assets		249,934				230,540
Deferred tax liabilities:
Deferred policy acquisition costs		53,187				46,729
Unrealized gains on investment securities		67,501				53,996
Other investment-related items, net		2,488				4,034
Accelerated depreciation and amortization		7,622				6,295
Total deferred tax liabilities		130,798				111,054
Net deferred federal income tax asset		$	119,136			119,486

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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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

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

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