| Nine Months Ended September 30, | Years Ended December 31, | |||||||||||||||||||||||||||
| 2006 | 2005 | 2005 | 2004 | 2003 | 2002 | 2001 | ||||||||||||||||||||||
Earnings
|
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Pre-tax income from continuing operations |
$ | 226,656 | $ | 182,920 | $ | 260,347 | $ | 228,294 | $ | 239,238 | $ | 89,157 | $ | 119,377 | ||||||||||||||
Less: Income (loss) from equity investees |
6,650 | 6,297 | 12,161 | 8,105 | 12,563 | (3,993 | ) | 5,072 | ||||||||||||||||||||
Add: Distributed income from equity investees |
1,950 | 331 | 1,912 | 564 | 1,521 | 2,591 | 7,730 | |||||||||||||||||||||
| 221,956 | 176,954 | 250,098 | 220,753 | 228,196 | 95,741 | 122,035 | ||||||||||||||||||||||
Combined Fixed Charges and Preferred Stock Dividends |
522,357 | 411,749 | 562,900 | 556,985 | 570,646 | 492,093 | 371,667 | |||||||||||||||||||||
Less: Preferred stock dividends not included in pre-tax
income |
8,156 | — | 2,417 | — | — | — | — | |||||||||||||||||||||
Less: Tax gross up on preferred stock dividends |
4,308 | — | 874 | — | — | — | — | |||||||||||||||||||||
Less: Loss on redemption of preferred stock |
11,385 | — | — | — | — | — | — | |||||||||||||||||||||
Less: Tax gross up on loss on redemption of preferred
stock |
6,013 | — | — | — | — | — | — | |||||||||||||||||||||
Total Earnings |
$ | 714,451 | $ | 588,703 | $ | 809,707 | $ | 777,738 | $ | 798,842 | $ | 587,834 | $ | 493,702 | ||||||||||||||
Combined Fixed Charges
|
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Interest credited to annuity and universal life contracts |
$ | 464,203 | $ | 367,669 | $ | 506,612 | $ | 523,231 | $ | 538,622 | $ | 464,022 | $ | 341,575 | ||||||||||||||
Interest expense on debt |
26,578 | 23,696 | 32,173 | 32,120 | 30,154 | 25,487 | 26,011 | |||||||||||||||||||||
Early extinguishment of debt |
— | 19,082 | 19,082 | — | — | — | — | |||||||||||||||||||||
Amortization of debt issuance costs |
917 | 681 | 878 | 928 | 1,137 | 985 | 3,155 | |||||||||||||||||||||
Estimate of interest within rental expense |
797 | 621 | 864 | 706 | 733 | 1,599 | 926 | |||||||||||||||||||||
Preferred stock dividends |
8,156 | — | 2,417 | — | — | — | — | |||||||||||||||||||||
Tax gross up on preferred stock dividends |
4,308 | — | 874 | — | — | — | — | |||||||||||||||||||||
Loss on redemption of preferred stock |
11,385 | — | — | — | — | — | — | |||||||||||||||||||||
Tax gross up on loss on redemption of preferred stock |
6,013 | — | — | — | — | — | — | |||||||||||||||||||||
Total Combined Fixed Charges and Preferred Stock Dividends |
$ | 522,357 | $ | 411,749 | $ | 562,900 | $ | 556,985 | $ | 570,646 | $ | 492,093 | $ | 371,667 | ||||||||||||||
Ratio of Earnings to Combined Fixed Charges and Preferred
Stock Dividends |
1.37 | 1.43 | 1.44 | 1.40 | 1.40 | 1.19 | 1.33 | |||||||||||||||||||||