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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Proceeds from (Payments for) in Securities Sold under Agreements to Repurchase $ 160,436 $ 0
Proceeds from Notes Payable 15,000 0
Operating activities    
Net Income 146,144 29,230
Adjustments to reconcile net income to net cash provided by operating activities:    
Interest Sensitive And Index Product Benefits 561,834 281,856
Amortization of deferred sales inducements 149,367 42,650
Annuity product charges (44,992) (41,301)
Change in fair value of embedded derivatives (45,137) 278,077
Increase in traditional life and accident and health insurance reserves (1,066) 12,652
Policy acquisition costs deferred (205,519) (186,573)
Amortization of deferred policy acquisition costs 215,500 79,132
Depreciation, Depletion and Amortization, Nonproduction 9,356 9,150
Amortization of discounts and premiums on investments 9,546 (64,020)
Realized gains on investments and net OTTI losses recognized (20,262) 10,546
Change in fair value of derivatives (438,002) (108,314)
Deferred Income Tax Expense (Benefit) 38,781 (14,249)
Share-based Compensation 3,011 3,024
Change in accrued investment income (25,859) (15,707)
Change in income taxes recoverable/payable (8,483) (3,493)
Change in other assets (296) (10,077)
Change in other policy funds and contract claims (15,535) 33,548
Change in collateral held for derivatives 164,269 175,549
Change in other liabilities 475 (11,421)
Other (1,868) 164
Net Cash Provided by (Used in) Operating Activities 491,264 500,423
Sales, maturities, or repayments of investments:    
Proceeds from Maturities, Prepayments and Calls of Available-for-sale Securities 2,292,959 1,423,179
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities 0 1,688,329
Equity securities - available for sale 44,829 5,605
Mortgage loans on real estate 266,539 219,423
Derivative instruments 409,050 110,201
Other investments 11,737 10,362
Acquisition of investments:    
Fixed maturity securities - available for sale (4,962,314) (3,542,142)
Mortgage loans on real estate (228,735) (152,648)
Derivative instruments (190,997) (184,709)
Other investments (19,594) (83,811)
Purchases of property, furniture and equipment (288) (273)
Net Cash Provided by (Used in) Investing Activities (2,376,814) (506,484)
Financing activities    
Receipts credited to annuity policyholder account balances 2,033,484 1,808,845
Coinsurance deposits 15,960 (28,630)
Return of annuity policyholder account balances (829,047) (760,423)
Repayments of notes payable (28,243) 0
Excess tax benefits realized from share-based compensation plans 380 693
Proceeds from Issuance of Common Stock 12,284 1,062
Change in checks in excess of cash balance (15,207) (12,608)
Net cash provided by financing activities 1,363,894 1,008,939
Payments of Financing Costs 1,153 0
Cash and Cash Equivalents, Period Increase (Decrease) (521,656) 1,002,878
Cash and cash equivalents at beginning of period 1,268,545 404,952
Cash and cash equivalents at end of period 746,889 1,407,830
Cash paid during period for:    
Interest expense 12,595 14,308
Income taxes 47,700 32,650
Non-cash operating activity:    
Deferral of sales inducements 164,931 143,248
Non-cash investing activity:    
Real estate acquired in satisfaction of mortgage loans 844 11,985
Non-cash financing activities:    
Conversion of subordinated debentures 0 12,554
Stock Issued During Period, Value, Other $ 3,367 $ 0