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Consolidated Statements of Operations (unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Net earned premiums $ 1,202,224,000 $ 2,138,258,000 $ 2,617,462,000 $ 4,297,820,000
Fees and other income 328,305,000 323,609,000 685,995,000 603,171,000
Net investment income 119,820,000 167,786,000 255,527,000 320,059,000
Net realized gains on investments, excluding other-than-temporary impairment losses 21,679,000 11,999,000 184,045,000 [1] 18,524,000
Total other-than-temporary impairment losses (53,000) 0 (364,000) (3,208,000)
Portion of net (gain) loss recognized in other comprehensive income, before taxes 0 0 (337,000) 638,000
Net other-than-temporary impairment losses recognized in earnings (53,000) 0 (701,000) (2,570,000)
Amortization of deferred gain on disposal of businesses 125,818,000 [2] 3,242,000 173,414,000 [3] 6,500,000
Gain on pension plan curtailment 0 0 29,578,000 0
Total revenues 1,797,793,000 2,644,894,000 3,945,320,000 5,243,504,000
Benefits, losses and expenses        
Policyholder benefits 400,814,000 1,267,714,000 944,630,000 2,478,441,000
Amortization of deferred acquisition costs and value of business acquired 342,640,000 353,883,000 676,982,000 722,886,000
Underwriting, general and administrative expenses 803,595,000 969,494,000 1,720,954,000 1,891,403,000
Interest expense 15,232,000 13,778,000 29,735,000 27,556,000
Total benefits, losses and expenses 1,562,281,000 2,604,869,000 3,372,301,000 5,120,286,000
Income before provision for income taxes 235,512,000 40,025,000 573,019,000 123,218,000
Provision for income taxes 66,163,000 7,236,000 183,352,000 40,385,000
Net income $ 169,349,000 $ 32,789,000 $ 389,667,000 $ 82,833,000
Earnings Per Share        
Basic (in dollars per share) $ 2.72 $ 0.48 $ 6.12 $ 1.20
Diluted (in dollars per share) 2.70 0.47 6.06 1.18
Dividends per share (in dollars per share) $ 0.5 $ 0.3 $ 1.00 $ 0.57
Share Data        
Weighted average shares outstanding used in basic per share calculations (in shares) 62,244,778 68,558,472 63,665,856 69,161,001
Plus: Dilutive securities (in shares) 478,514 685,927 608,153 785,363
Weighted average shares used in diluted per share calculations (in shares) 62,723,292 69,244,399 64,274,009 69,946,364
[1] Six months ended June 30, 2016 net gains includes $146,727 related to the sale of Assurant Employee Benefits as described in Note 5.
[2] Includes $122,835 related to the additional deferred gain related to the Assurant Employee Benefits sale on March 1, 2016.
[3] Includes $167,428 related to the additional deferred gain related to the Assurant Employee Benefits sale on March 1, 2016.