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Unaudited Quarterly Financial Data
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Financial Data

23.

Unaudited Quarterly Financial Data

The following tables represent unaudited quarterly financial data for the years ended December 31, 2015 and 2014. In the opinion of management, all adjustments necessary to present fairly the results of operations for such periods have been made. Total revenue, net income before income taxes and net income include realized gains or losses from the sale of investments and other. We cannot anticipate when or if similar gains or losses may occur in the future. Since financial results rely heavily on estimates, caution should be used in drawing specific conclusions from quarterly consolidated results.

 

(in millions, except per share amounts)

 

1st Quarter

 

 

2nd Quarter

 

 

3rd Quarter

 

 

4th Quarter

 

 

Year

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

 

$

371.4

 

 

$

373.1

 

 

$

371.0

 

 

$

369.1

 

 

$

1,484.6

 

Net income before income taxes

 

 

62.4

 

 

 

34.7

 

 

 

36.2

 

 

 

44.2

 

 

 

177.5

 

Net income

 

 

58.8

 

 

 

27.9

 

 

 

35.3

 

 

 

41.2

 

 

 

163.2

 

Net income per common share :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic*

 

$

2.09

 

 

$

1.00

 

 

$

1.27

 

 

$

1.48

 

 

$

5.84

 

Diluted*

 

$

2.05

 

 

$

0.98

 

 

$

1.24

 

 

$

1.44

 

 

$

5.72

 

Comprehensive income (loss)

 

$

36.8

 

 

$

18.9

 

 

$

(18.3

)

 

$

29.2

 

 

$

66.6

 

 

(in millions, except per share amounts)

 

1st Quarter

 

 

2nd Quarter

 

 

3rd Quarter

 

 

4th Quarter

 

 

Year

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

 

$

360.1

 

 

$

375.2

 

 

$

371.3

 

 

$

412.1

 

 

$

1,518.7

 

Net income before income taxes

 

 

42.7

 

 

 

44.7

 

 

 

48.3

 

 

 

80.3

 

 

 

216.0

 

Net income

 

 

40.2

 

 

 

38.6

 

 

 

44.7

 

 

 

59.7

 

 

 

183.2

 

Net income per common share :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic*

 

$

1.38

 

 

$

1.34

 

 

$

1.57

 

 

$

2.11

 

 

$

6.39

 

Diluted*

 

$

1.36

 

 

$

1.32

 

 

$

1.54

 

 

$

2.07

 

 

$

6.27

 

Comprehensive income

 

$

41.3

 

 

$

64.1

 

 

$

6.8

 

 

$

31.3

 

 

$

143.5

 

 

*

Basic and diluted net income per common share are computed independently for each quarter and full year based on the respective average number of common shares outstanding; therefore, the sum of the quarterly net income per common share data may not equal the net income per common share for the year.