| Three Months Ended March 31, | Years Ended December 31, | |||||||||||||||||||||||||||
| 2006 | 2005 | 2005 | 2004 | 2003 | 2002 | 2001 | ||||||||||||||||||||||
Earnings |
||||||||||||||||||||||||||||
Pre-tax income from continuing operations |
$ | 121,562 | $ | 63,185 | $ | 260,347 | $ | 228,294 | $ | 239,238 | $ | 89,157 | $ | 119,377 | ||||||||||||||
Less: Income (loss) from equity investees |
2,847 | 1,410 | 12,161 | 8,105 | 12,563 | (3,993 | ) | 5,072 | ||||||||||||||||||||
Add: Distributed income from equity investees |
144 | 47 | 1,912 | 564 | 1,521 | 2,591 | 7,730 | |||||||||||||||||||||
| 118,859 | 61,822 | 250,098 | 220,753 | 228,196 | 95,741 | 122,035 | ||||||||||||||||||||||
Combined Fixed Charges and Preferred Stock Dividends |
133,710 | 92,673 | 562,900 | 556,985 | 570,646 | 492,093 | 371,667 | |||||||||||||||||||||
Less: Preferred stock dividends not included in pre-tax income |
2,719 | — | 2,417 | — | — | — | — | |||||||||||||||||||||
Less: Tax gross up on preferred stock dividends |
1,366 | — | 874 | — | — | — | — | |||||||||||||||||||||
Total Earnings |
$ | 248,484 | $ | 154,495 | $ | 809,707 | $ | 777,738 | $ | 798,842 | $ | 587,834 | $ | 493,702 | ||||||||||||||
Combined Fixed Charges |
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Interest credited to policyowners |
$ | 120,385 | $ | 84,447 | $ | 506,612 | $ | 523,231 | $ | 538,622 | $ | 464,022 | $ | 341,575 | ||||||||||||||
Interest expense on debt |
8,665 | 7,780 | 32,173 | 32,120 | 30,154 | 25,487 | 26,011 | |||||||||||||||||||||
Early extinguishment of debt |
— | — | 19,082 | — | — | — | — | |||||||||||||||||||||
Amortization of debt issuance costs |
314 | 236 | 878 | 928 | 1,137 | 985 | 3,155 | |||||||||||||||||||||
Estimate of interest within rental expense |
261 | 210 | 864 | 706 | 733 | 1,599 | 926 | |||||||||||||||||||||
Preferred stock dividends |
2,719 | — | 2,417 | — | — | — | — | |||||||||||||||||||||
Tax gross up on preferred stock dividends |
1,366 | — | 874 | — | — | — | — | |||||||||||||||||||||
Total Combined Fixed Charges and Preferred Stock Dividends |
$ | 133,710 | $ | 92,673 | $ | 562,900 | $ | 556,985 | $ | 570,646 | $ | 492,093 | $ | 371,667 | ||||||||||||||
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends |
1.86 | 1.67 | 1.44 | 1.40 | 1.40 | 1.19 | 1.33 | |||||||||||||||||||||
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