CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Investments
Available-for-sale fixed maturity securities, at fair value (amortized cost of $1,339,960 and $1,422,951 in 2011 and 2010, respectively) (Note 4)	$ 1,402,525	$ 1,495,923
Trading fixed maturity securities, at fair value (amortized cost of $10,336,058 and $11,710,416 in 2011 and 2010, respectively) (Note 4)	10,280,536	11,467,118
Mortgage loans	1,457,356	1,737,528
Derivative instruments - receivable (Note 5)	422,404	198,064
Limited partnerships	34,088	41,622
Real estate	223,814	214,665
Policy loans	603,371	717,408
Other invested assets	37,075	27,456
Short-term investments (Note 1)	105,895	832,739
Cash and cash equivalents	872,064	736,323
Total investments and cash	15,439,128	17,468,846
Accrued investment income	169,761	188,786
Deferred policy acquisition costs and sales inducement asset	2,206,886	1,682,559
Value of business and customer renewals acquired	106,087	134,985
Net deferred tax asset (Note 11)	448,376	394,297
Goodwill (Note 10)	7,299	7,299
Receivable for investments sold	5,092	5,328
Reinsurance receivable	2,237,806	2,347,086
Other assets	119,325	125,529
Separate account assets	27,483,790	26,880,421
Total assets	48,223,550	49,235,136
Liabilities Abstract
Contractholder deposit funds and other policy liabilities	13,626,525	14,593,228
Future contract and policy benefits	910,032	849,514
Payable for investments purchased	730	44,827
Accrued expenses and taxes	49,867	52,628
Debt payable to affiliates	683,000	783,000
Reinsurance payable	2,100,124	2,231,835
Derivative instruments - payable (Note 5)	287,074	362,023
Other liabilities	339,641	285,056
Separate account liabilities	27,483,790	26,880,421
Total liabilities	45,480,783	46,082,532
STOCKHOLDER'S EQUITY
Common stock, $1,000 par value 10,000 shares authorized; 6,437 shares issued and outstanding in 2011 and 2010	6,437	6,437
Additional paid-in capital	3,629,228	3,928,246
Accumulated other comprehensive income	38,851	46,553
Accumulated deficit	(931,749)	(828,632)
Total stockholder's equity	2,742,767	3,152,604
Total liabilities and stockholder's equity	$ 48,223,550	$ 49,235,136

Sun Life Assurance Co of Canada (U.S.) 10-K